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How much life insurance do you get with a 995 plan?

1. How Much Life Insurance Coverage Do You Get With A 995 Plan? You can receive up to $30,000 at age 50 as a female, $25,035 as a male with the Colonial Penn 995 Plan. The maximum number of units is 15. This plan is available to anyone between the ages of 50 and 85.

Is 9.95 life insurance a scam?

This is a complete SCAM.how can the FTC allow this to go on. 9.95 gets you maybe a 1000.00 in life insurance. The TV commercials try to make people believe for 9.95 will take care of all their families needs when you buy. Major lie. Date of experience: February 01, 2023 This misleading advertising has hurt many senior consumers and their families.

How much does a 995 plan cost?

The 995 plan is sold by the unit. Everyone, regardless of age or gender, pays only $9.95 per month for one unit. Colonial Penn states, “A unit of coverage corresponds to the life insurance benefit amount you can purchase. It depends on age, gender (in Montana, age only), and state.”

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