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Are you considering insurance coverage from Colonial Penn? Here, we’ll discuss the positive benefits of choosing this provider, which is a subsidiary of CNO Financial Group, Inc. When it comes to buying a life insurance policy, you should be aware of the kind of coverage options that are available.

Colonial Penn specializes in providing a simplified issue life insurance policy. Unlike other insurance providers, Colonial Penn does not require a medical exam, making the process much simpler and less invasive. The company does require basic medical history questions, but this information is used solely for determining the policy premiums, rather than for determining eligibility.

The simplified issue policy is designed to provide a certain level of financial security for a predetermined period of time. This can be helpful in scenario in which a sudden illness or disability has a significant effect on the policyholder’s ability to continue working. This type of policy can also be helpful in the event of the policyholder’s death, ensuring that their family is provided with significant financial assistance during a difficult time.

The cost of this type of policy is also relatively low, making it an affordable option. Colonial Penn products carry relatively low premiums, which can make them more appealing for those on a budget. Further, the company does not charge additional fees beyond those required for the policy itself.

Another benefit of selecting Colonial Penn is the availability of ancillary products. The company offers several additional policies, such as major medical insurance and accident insurance, which can help provide a more comprehensive protection plan. This can help provide more peace of mind in the event that a major or chronic health event occurs.

For these reasons, Colonial Penn can be an appealing option for those looking for peace of mind when it comes to their life insurance coverage. With its low cost, simplified process, and ancillary products, this company can provide the right type of protection for many individuals and families.