Colonial Life Insurance Rates at Life

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Colonial Life Insurance Rates. The colonial penn rate lock is very popular among life insurance consumers, however, the rate you get is not nearly as competitive as other major guaranteed issue carriers. Not to be confused with colonial penn life insurance company, colonial life and accident insurance was founded in 1937 by edwin averyt, after he earned a $2,000 commission check.

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Founded in 1937, colonial life offers many coverage options including life insurance, cancer insurance, and critical illness insurance. Learn about the benefits of good, hard work here. Everyone pays $9.95 per unit (max of 12 units).

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It’s important to remember that colonial penn offers units in the amount of 9.95 each. Up to 8 units can be purchased by. And their promise to offer you coverage for only $9.95 in monthly premiums is always featured front and center. Is this too good to be true?