Benefits of Obtaining a Colonial Penn Life Insurance PolicyArticle Posted by Expert Author: Adam Foley on 04/15/2013
When you compare life insurance, you will find that all the major players in the industry offer their own list of unique benefits. Quite honestly, you really can’t go wrong obtaining a policy with American General, Colonial Penn, Metropolitan Life, New York Life or Transamerica, but that does not mean that all five offer the perfect match for you. The ideal coverage and term from one company may be perfect for one person, but not quite meet the mark of the next. Therefore, when you make your decision, it is important that you dig a little deeper into the company, and explore the benefits offered.
Like other players in the industry, Colonial Penn Life Insurance offers an array of policies, including permanent, temporary and whole. However, when you look at their Permanent Life policy closely, you begin to see some impressive advantages. For example, no medical exam is required, and you are guaranteed to never experience a rate increase. After the first year, your coverage begins to build cash value, and for the life of the coverage you never have to worry about a decrease in benefits. Colonial Penn even offers a Guaranteed Acceptance product to individuals from 50 to 85 years old. This offer alone makes it one of the most popular companies in the life insurance industry.
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