Colonial penn life insurance primarily aims at the old people who have acquired the age of 50 or above but not more than 85. This insurance company focuses on guaranteed acceptance and also on whole life insurance. Those who subscribe for life insurance by colonial penn policy do not have to undergo any medical examination and are not queried about health related questions. They just have to pay $9.95 per month for guaranteed acceptance.
Most of the other life insurance companies appoint underwriters to collect medical information. If you are aged between 50 and 85 you can avail guaranteed acceptance of colonial penn life insurance and that too without any physical examination or health related questions. The policy has two-year limited benefit period.
There are several other benefits of this life insurance like it has fixed lock in rate which never increases. The coverage of this policy can never be cancelled until you regularly pay your premiums. Just a year after the coverage of this life insurance policy your cash value starts building. If the holder of the policy is not satisfied then he can just return his insurance documents in a 30 day period and he will get full reimbursement of the premiums that he has paid.
It has been more than fifty years that the life insurance by colonial penn has been serving its customers with dedication. This life insurance company is located at Philadelphia in Pennsylvania. All the operations of the company are fully computerized and policies are customer friendly. No doubts, it is a market leader in providing life insurance coverage. This life insurance policy is also available for young people who have acquired the age of 18.
The feeling of buying a life insurance is undoubtedly an uneasy one as it seems like one is preparing to face death in the future. However, opting for life insurance quotes do need some considerations on the buyer’s part. As death is a fact and truth which everyone has to deal with in life, it is advisable to deal with the same in a practical and sensible manner through the process of insurance and by getting suitable life insurance plan. It is always preferable to have a sound and string financial basis to support you in the absence of your loved ones or at their deaths and thus the system of involving with getting life insurance quotes.
The process of getting life insurance quotes involve certain serious research-work and in-depth study of the market and the providers of the product. One must keep the various benefits, clauses, regulations, provisions and financial terms before purchasing any life insurance plan and in this matter; life insurance quotes determine the profitability of the plan. Basically all life insurance policies provides a lump sum amount of money on the event of death, however, there are some other plans as well in the market with better and more reliable premium conditions and added value.
Thus, certain factors should always be kept in mind while dealing with life insurance quotes. To start with, it is always advisable to seek professional advice and assistance form a life insurance agent who will guide you accordingly about the terms and conditions of various life insurance quotes and plans. A professional insurance agent will dictate and define the various forms and kinds of life insurance quotes and options available in the market after analyzing your personal financial situations and other financially limited factors like less annual family income, total number of family members, family liabilities and assets, debts and dues and many more. Different people would require different life insurance quotes and terms depending upon the financial conditions and requirements, here, a professional insurance agent will help you assess your own necessities and essential factors before opting for a particular quote or plan.