Colonial Penn Life Insurance Rate Chart (2026)
Updated June 26, 2026
Quick answer: Colonial Penn does not publish an official rate chart. Its best-known plan charges $9.95 per month per unit. Your death benefit depends on age and gender — each unit buys less coverage as you get older. Use the tables below to estimate coverage and monthly cost, then get a personalized quote.
How Colonial Penn units work
Colonial Penn's $9.95 plan prices life insurance in units, not traditional face amounts:
| Concept | How it works |
|---|---|
| Unit price | $9.95/month per unit (premium does not vary by age for guaranteed acceptance) |
| Coverage per unit | Decreases with age — older applicants get less death benefit per unit |
| Gender | Men and women receive different coverage amounts at the same age |
| Multiple units | Buy 1–8+ units; monthly premium = units × $9.95 |
Example: A 60-year-old man buying 3 units pays $29.85/month (3 × $9.95). If each unit provides about $1,229 in coverage at that age, total death benefit is roughly $3,687.
Colonial Penn's guaranteed acceptance whole life (ages 50–85, no medical exam) uses this unit model. Term and other whole life products may price differently — always confirm on colonialpenn.com or by phone.
Colonial Penn rate chart by age (estimated)
Colonial Penn does not publish per-age coverage online. The table below uses industry-reported estimates for guaranteed acceptance whole life at $9.95 per unit. Actual coverage depends on your application date, product, and state.
Coverage per unit ($9.95/month)
| Age | Male (est. coverage/unit) | Female (est. coverage/unit) |
|---|---|---|
| 50 | $1,786 | $1,519 |
| 55 | $1,504 | $1,316 |
| 60 | $1,229 | $1,098 |
| 65 | $984 | $896 |
| 70 | $776 | $732 |
| 75 | $603 | $583 |
| 80 | $459 | $451 |
| 85 | $348 | $348 |
Estimates compiled from publicly available Colonial Penn $9.95 plan analyses. Verify with Colonial Penn before applying.
Monthly premium by number of units
| Units | Monthly premium |
|---|---|
| 1 | $9.95 |
| 2 | $19.90 |
| 3 | $29.85 |
| 4 | $39.80 |
| 5 | $49.75 |
| 6 | $59.70 |
| 7 | $69.65 |
| 8 | $79.60 |
Sample total coverage (male, estimated)
| Age | 1 unit | 3 units | 5 units |
|---|---|---|---|
| 50 | ~$1,786 | ~$5,358 | ~$8,930 |
| 60 | ~$1,229 | ~$3,687 | ~$6,145 |
| 70 | ~$776 | ~$2,328 | ~$3,880 |
| 80 | ~$459 | ~$1,377 | ~$2,295 |
Why you won't find an official Colonial Penn rate chart
Competitors and aggregators publish "Colonial Penn rate charts" because searchers want age-band pricing. Colonial Penn itself markets $9.95/month and routes buyers to a quote tool rather than a static PDF chart. That is why multiple pages on this site previously overlapped on chart intent — this guide is the canonical reference for unit pricing and age-based estimates.
For a full carrier assessment, see our Colonial Penn whole life insurance review.
Colonial Penn rate chart vs. traditional whole life
| Factor | Colonial Penn $9.95 units | Mutual whole life (e.g. MassMutual, NY Life) |
|---|---|---|
| Medical exam | None on guaranteed acceptance | Usually required |
| Pricing model | Fixed $9.95/unit; coverage drops by age | Custom quote by age, health, amount |
| Typical buyer | Seniors 50–85, simplified issue | Broader age range, higher face amounts |
| Cash value | Modest on permanent products | Stronger long-term cash value potential |
If you need more than simplified final-expense coverage, compare top whole life companies for cash value before buying units.
How to calculate your Colonial Penn premium
- Pick your age band from the table above.
- Choose units (1–8+ depending on product limits).
- Multiply: units × $9.95 = monthly premium.
- Estimate coverage: units × coverage-per-unit for your age/gender.
Formula: Monthly cost = units × $9.95 · Death benefit ≈ units × coverage per unit
Next steps
- Compare carriers: Top 7 whole life insurance companies for cash value
- Get a quote: Contact us for a free comparison with Colonial Penn and other carriers
- Full review: Colonial Penn whole life insurance review
