The sad reality for Colonial Penn is that their coverage is far more expensive than other insurance providers. Should You Buy Jonathan Lawson Colonial Penn Coverage? The older you are, the less coverage that a single unit provides.īelow is a chart that outlines exactly how much coverage each unit provides. Once you look at a Colonial Penn rate chart, you quickly realize that Colonial Penn’s guaranteed issue whole life insurance is expensive relative to what other life insurance companies charge.įor example, a 53-year-old male would only get $1,621 in coverage for that $9.95 per month (and it has a waiting period of two years). What adjusts is how much coverage each unit provides. No matter your gender or age, everyone still only pays $9.95 per month. A unit corresponds to how much life insurance a person gets based on age and gender. Additionally, the coverage won’t decrease in value.Ĭolonial Penn sells their insurance by the unit. Since it’s a whole life policy, the premiums will never increase, and the policy won’t expire due to age. Regardless of your past medical history, you cannot be denied this coverage. It’s a guaranteed acceptance whole life policy that does not require you to answer health questions. Jonathan Lawson promotes the $9.95 per unit plan from Colonial Penn. How Does The Jonathan Lawson Colonial Penn Life Insurance Plan Work? His LinkedIn profile shows that his official title is “Director of Quality Assurance & Escalations.” He is an actual employee of Colonial Penn and not just a paid endorser like Alex Trebek was. He promotes the guaranteed acceptance $9.95 plan for seniors. Jonathan Lawson is the actor that currently appears in the Colonial Penn commercials.
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