If you are a holder of the Colonial Penn Life Insurance policy, then perhaps you know the answer to the question – what is a unit of Colonial Penn Life Insurance? The Colonial Penn agent that has helped you to avail of your insurance policy should be able to explain this to you. As a holder of the Colonial Penn Life insurance, you have the right to know each and every term related to the life insurance that you have availed from Colonial Penn. But just in case you don’t know what the unit of Colonial Penn Insurance is all about, then read on as we discuss further on this issue.
Unit of Colonial Penn Life Insurance
So what is a unit of Colonial Penn Life Insurance? The unit of coverage of the Colonial Penn Life insurance corresponds to the life insurance benefits that you can purchase, although this will also depend on the person’s gender and age, as well as the state where he or she lives. For holders of the Guaranteed Acceptance Life Insurance, they will need to check out the quote page to find out what their benefit amounts are, including the premiums that are available for them, being a holder of the Guaranteed Acceptance Life Insurance of Colonial Penn.
What does a Unit of Colonial Penn Life Insurance Comprise Of?
What is a unit of Colonial Penn Life Insurance? The unit of Colonial Penn life insurance will depend on the type of insurance policy that you want to avail. There are four major types of life insurance policies that the Colonial Penn offers and these are the:
• LifeChoice Whole Life Insurance – A permanent whole life insurance for those who are 45 to 75 years old, and the benefit amounts to $25,000.
• 5 Year Renewable Term Life Insurance – affordable insurance policies for those who are aged 18 to 75 years old and the benefit amount is up to $25,000.
• 20 Year Term Life Insurance – for those who are 18 to 77 years old. A few medical questions are required and the benefit could reach up to $25,000.
• Guaranteed Acceptance Life Insurance – for people who are 50 to 85 years old. This policy does not require any medical or physical examinations to qualify.
Colonial Penn Insurance 101
If you still want to find out more about what is a unit of Colonial Penn Life Insurance, all you need to do is to check the website of Colonial Penn or contact a Colonial Penn agent near you.