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Colonial penn reviews8/8/2023 The $9.95 plan is Colonial Penn’s life insurance for seniors, as you only qualify for coverage between 50 and 85. You’re mostly correct if you think it sounds too good to be true. According to the commercials, the $9.95 plan is one of the most affordable whole-life policies on the market. While Colonial Penn sells several types of insurance, it’s most famous for its $9.95 plan. What is Colonial Penn’s $9.95 life insurance plan?
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