![]() ![]() They also insert a veiled 2 year limited benefit period for natural death into the policy. What do you think they do in to offset the risk of not having a clear picture of whom is requesting life or burial insurance protection from them? Life insurance is all about the pricing the risk they have in insuring someone. You must understand that life insurance companies cannot evaluate the risk level of a person accurately without asking health questions. It could cost you, the consumer and your family dearly. That sounds pretty good right? Nice and easy. ![]() It does not ask any health questions for starters. Several different life insurance companies offer it. It is simply a high risk life insurance policy. “Colonial Penn Guaranteed Acceptance Whole Life” is nothing unique. The focus of these advertisements has been to promote a whole life insurance policy that offers guaranteed acceptance, a “rate lock,” premiums that will never go up and a death benefit which will never go down. They were all paid endorsers.Ī lot of people, young to old have seen the Alex Trebek life insurance commercial. We all know Ed McMahon, Joe Theismann and even Jerry Lewis. The company has a long history of hiring celebrities to endorse their 995 life insurance. They offer life insurance and Medicare Supplement insurance for seniors. With that said, select “poor health” only if you want to see who offers guaranteed acceptance policies like the 9.95 life insurance plan from Colonial Penn.ġ0 Conclusion: Life Insurance Commercial from Colonial Penn Colonial Penn And The Alex Trebek Insurance CommericalĬolonial Penn is a life and health insurance company is located in Philadelphia, Pennsylvania. Simply judge your health compared to your peers (Excellent, Decent, Poor) and less than a minute you will know what all the top life insurance companies will charge compared to the policy endorsed by the late Mr. The tool on this page will help you know what the competition is charging for no medical exam, whole life insurance. Keep in mind, all final expense whole life insurance is designed for people in less than ideal health. This policy also comes with a very high price over your lifetime which we will reveal later in this article.īefore I get into the meat of this post, it is advised to use our free, instant quoting tool on this page. The Alex Trebek life insurance commerical for 9.95 insurance just puts a bow on a policy that has a lot of risk for your family during the first two years of ownership. Most insurance companies do not chose to hire celebrities to market their products. His job was to promote the Colonial Penn name. What has been apparent, consumers do not realize the actual cost and the policy limitations.Ī key point to remember, Alex Trebek, was a well compensated endorser of the Colonial Penn Life Insurance Company. Most people are shocked when I explain why they don’t want to own a policy like this unless they have no better permanent life insurance alternatives. Now called the 995 Colonial Penn Guaranteed Acceptance insurance plan, it does have some big surprises in it.īecause it affects not only the policyowner but their loved ones…don’t be surprised if I bring the heat in this review!!įYI, I talk to numerous life insurance consumers age 50-85 5+ days a week. It is less than ideal for the average consumer and that is the primary point of this post. The Colonial Penn marketing states: “Your acceptance is guaranteed!”Ĭonsumers need to proceed with caution with this particular type whole life insurance. We’re going to review the $9.95 Alex Trebek life insurance Ad in this article so you know what you may be getting yourself into if you choose to purchase the Colonial Penn, Guaranteed Acceptance insurance plan. Trebek was not a life insurance expert, but a paid spokesman for Colonial Penn Life Insurance Company. While that all sounds nice, it is important to note that Mr. Trebek as someone who was very articulate and quite familiar. Is it a good policy or not? We’ll help you decide.Īs the host of Jeopardy for many years, plenty of consumers saw Mr. Many of us saw the Alex Trebek life insurance commercial more than a few times over the years.
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