Colonial Penn Life Insurance Rate Chart: What Does $9.95 Buy in 2026?
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Danny Ray is a nationally licensed life insurance expert and the Founder of PinnacleQuote Life Insurance Experts and InsuranceForBurial.com. With over 30 years of industry experience, he has helped thousands of families across all 50 states secure tailored life insurance solutions—specializing in final expense, term life, and impaired risk underwriting. Danny regularly writes educational content on life insurance, financial planning, and consumer protection. He has been featured as an expert source in leading publications including Forbes, Yahoo Finance, MarketWatch, Nasdaq, GoBankingRates, AOL, and MSN, where his insights help consumers make confident, informed decisions. As the architect of PinnacleQuote.com and insuranceForBurial.com, Danny is known for building transparent, client-first digital experiences that simplify the life insurance process. He is also the voice behind several national campaigns focused on educating seniors and families about affordable, no-pressure coverage options.
Colonial Penn Life Insurance Rate Chart searches usually come down to one question: how much coverage does the advertised $9.95 actually buy at your age? Colonial Penn sells its Guaranteed Acceptance whole life policy in units, and each unit costs $9.95 per month. The amount of insurance attached to that unit changes by age, sex where permitted, and state.
This page is intentionally focused on the rate chart, unit values, unit calculator, and age-based cost math. For the broader product review—including complaints, policy value, and alternatives—see our Colonial Penn 995 Plan review.
How Does the Colonial Penn Life Insurance Rate Chart Work?
Colonial Penn charges $9.95 per month for one unit of Guaranteed Acceptance whole life insurance. One unit does not equal a fixed $10,000 death benefit. The amount of coverage one unit buys depends on age, sex where permitted, and state. Older applicants generally receive less coverage per unit, so larger burial-insurance goals can require many units.
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Table of Contents
How We Reviewed the 2026 Colonial Penn Rate Chart
We preserved the age-by-age one-unit values already used in this InsuranceForBurial.com rate tool and checked the current Colonial Penn product rules that affect how the chart should be interpreted. Colonial Penn currently states that one unit is priced at $9.95, benefit amounts depend on age, sex where permitted, and state, and quotes may be available for up to 25 units.
Last reviewed: 09/28/2026. The official Colonial Penn quote and state-specific policy form control actual benefit amounts, unit availability, and policy terms.
How Does the Colonial Penn $9.95 Unit Work?
A Colonial Penn unit has a fixed monthly price of $9.95, but it does not represent a fixed dollar amount of insurance. The benefit attached to one unit is established when coverage is issued and depends on age, sex where permitted, and state.
Buying more units increases the monthly premium in $9.95 increments. For example, 10 units cost $99.50 per month and 20 units cost $199.00 per month. The important comparison is the total monthly premium for the death benefit you want, not the advertised price of one unit.
Colonial Penn Life Insurance Rate Chart by Age (2026)
The table below shows the one-unit benefit values used by the calculator on this page. It is presented in normal HTML so readers and search engines can see the age-by-age numbers without relying on JavaScript.
These figures are educational comparison values. Colonial Penn says the exact benefit can vary by state and sex rules, so confirm your own quote before purchasing coverage.
| Age | Male Benefit | Female Benefit |
|---|---|---|
| 50 | $1,669 | $2,000 |
| 51 | $1,620 | $1,942 |
| 52 | $1,565 | $1,890 |
| 53 | $1,515 | $1,845 |
| 54 | $1,460 | $1,802 |
| 55 | $1,420 | $1,761 |
| 56 | $1,370 | $1,719 |
| 57 | $1,313 | $1,669 |
| 58 | $1,258 | $1,620 |
| 59 | $1,200 | $1,565 |
| 60 | $1,167 | $1,515 |
| 61 | $1,112 | $1,460 |
| 62 | $1,057 | $1,420 |
| 63 | $1,000 | $1,370 |
| 64 | $949 | $1,313 |
| 65 | $896 | $1,258 |
| 66 | $846 | $1,200 |
| 67 | $802 | $1,167 |
| 68 | $762 | $1,112 |
| 69 | $724 | $1,057 |
| 70 | $689 | $1,000 |
| 71 | $657 | $949 |
| 72 | $627 | $896 |
| 73 | $608 | $846 |
| 74 | $578 | $802 |
| 75 | $549 | $762 |
| 76 | $521 | $724 |
| 77 | $493 | $689 |
| 78 | $468 | $657 |
| 79 | $441 | $627 |
| 80 | $426 | $608 |
| 81 | $424 | $578 |
| 82 | $423 | $549 |
| 83 | $421 | $521 |
| 84 | $420 | $493 |
| 85 | $418 | $468 |
Colonial Penn Unit Calculator
Select age, sex, and number of units to estimate monthly premium and death benefit using the same values shown in the chart above. Use this as a planning tool, then confirm your state-specific quote and available number of units directly with Colonial Penn.
Illustrative comparison only. Official state-specific quote and policy terms control.
How Much Can About $10,000 of Colonial Penn Coverage Cost?
The table below calculates the whole number of units required to reach at least $10,000 using the chart values on this page. Because units are sold as whole units, the resulting death benefit may be slightly above $10,000.
Some older comparisons on the web still use a 15-unit maximum. Colonial Penn’s current FAQ and product page reference quotes for up to 25 units, but state, offer, and application-path limits can vary. Confirm your own maximum before relying on any row that requires more than 15 units.
| Age | Male | Female | ||||
|---|---|---|---|---|---|---|
| Units | Monthly | Benefit | Units | Monthly | Benefit | |
| 50 | 6 | $59.70 | $10,014 | 5 | $49.75 | $10,000 |
| 55 | 8 | $79.60 | $11,360 | 6 | $59.70 | $10,566 |
| 60 | 9 | $89.55 | $10,503 | 7 | $69.65 | $10,605 |
| 65 | 12 | $119.40 | $10,752 | 8 | $79.60 | $10,064 |
| 70 | 15 | $149.25 | $10,335 | 10 | $99.50 | $10,000 |
| 75 | 19 | $189.05 | $10,431 | 14 | $139.30 | $10,668 |
| 80 | 24 | $238.80 | $10,224 | 17 | $169.15 | $10,336 |
| 85 | 24 | $238.80 | $10,032 | 22 | $218.90 | $10,296 |
What Does One $9.95 Unit Cost per $1,000 of Coverage?
The price per unit stays fixed at $9.95, while the death benefit attached to one unit generally becomes smaller at older issue ages. That means the effective monthly cost per $1,000 of coverage rises as the one-unit benefit falls.
This is one of the clearest ways to understand why the advertised unit price alone does not tell you whether the policy is inexpensive for the amount of insurance you need.
| Age | Male | Female |
|---|---|---|
| 50 | $5.96 | $4.97 |
| 55 | $7.01 | $5.65 |
| 60 | $8.53 | $6.57 |
| 65 | $11.10 | $7.91 |
| 70 | $14.44 | $9.95 |
| 75 | $18.12 | $13.06 |
| 80 | $23.36 | $16.37 |
| 85 | $23.80 | $21.26 |
Calculated as $9.95 ÷ (one-unit benefit ÷ $1,000).
Does the Colonial Penn Rate Chart Include the Two-Year Limited Benefit?
No. The rate chart shows unit pricing and estimated death-benefit values; it does not by itself explain when the full benefit is payable. Colonial Penn’s Guaranteed Acceptance whole life plan uses a two-year limited-benefit period for death during the first two years.
That timing issue is important when comparing a guaranteed-acceptance policy with coverage that asks health questions. For the full product discussion, including the limited-benefit tradeoff and broader alternatives, see our Colonial Penn 995 Plan review.
Who Should Use This Colonial Penn Rate Chart?
This chart is most useful for someone trying to translate the $9.95 advertisement into an actual death-benefit amount. It can help you estimate how many units might be required at your age and what that unit count would cost each month.
If your larger question is whether Colonial Penn is the right policy for your health and budget, use the chart as the first step—not the final decision. Applicants who can answer health questions may have simplified-issue options that should be compared separately on the same death benefit and benefit timing.
See Whether Guaranteed Acceptance Is Actually Necessary
Use your health profile to compare the type of final-expense coverage you may qualify for before deciding.
Common Questions About the Colonial Penn Life Insurance Rate Chart
These questions focus specifically on the unit chart, age-based benefit values, and monthly-cost math. They are kept separate from the broader product-review questions covered on our Colonial Penn 995 Plan review.
How much is one unit of Colonial Penn life insurance?
One unit costs $9.95 per month. The death benefit attached to that unit is not fixed; it depends on age, sex where permitted, and state. Colonial Penn says the premium stays locked after coverage begins as long as required premiums are paid.
How much coverage does $9.95 buy from Colonial Penn?
The amount depends on the applicant’s age, sex where permitted, and state. Using the comparison values on this page, one unit at age 65 provides about $896 for a male and $1,258 for a female. The official state-specific quote controls the actual benefit.
How much does $10,000 of Colonial Penn coverage cost?
It depends on how many $9.95 units are needed to reach roughly $10,000 at your issue age. Using this chart, a 65-year-old male needs 12 units, costing about $119.40 per month, to reach approximately $10,752 of benefit.
Do Colonial Penn rates increase as you get older?
Colonial Penn says that once coverage begins, the premium remains locked in as long as required premiums are paid. The age effect happens at issue: a person purchasing new coverage at an older age generally receives a smaller death benefit per $9.95 unit.
How many Colonial Penn units can you buy?
Colonial Penn’s current FAQ says quotes may be available for up to 25 units. State, product, and application-path availability can vary, so the official quote for your situation controls.
Colonial Penn Rate Chart FAQ
The questions below address chart-specific buying details without turning this page into a duplicate full product review. For complaints, overall product value, and detailed alternatives, use the dedicated 995 Plan review.
Is the $9.95 price the total policy premium?
Only if you buy one unit. If you buy multiple units, multiply the number of units by $9.95 to estimate the monthly premium.
Does one unit always buy the same amount of insurance?
No. The one-unit benefit depends on age, sex where permitted, and state, so the dollar amount of insurance one unit buys can differ substantially between applicants.
Is the chart a guaranteed quote?
No. It is an educational comparison based on the one-unit values used on this page. Colonial Penn’s official quote and state-specific policy documents control actual benefit amounts and availability.
Does the benefit keep shrinking after I buy the policy?
No. Colonial Penn says the issued benefit will not decrease simply because you get older or your health changes after coverage begins.
Bottom Line: Use the Rate Chart to Compare the Real Cost
The Colonial Penn Life Insurance Rate Chart is useful because it converts the $9.95 unit price into an age-based death-benefit estimate. The key is to calculate how many units you would need for the amount of coverage you actually want, then compare that total monthly cost with other coverage you may qualify for.
If you want the broader consumer review instead of just the rate math, continue to our Colonial Penn 995 Plan review.
Compare Before You Apply
See a ballpark rate, shop your health profile, call us, or schedule a conversation.
Final eligibility, pricing, and benefit timing are subject to carrier underwriting, state availability, and policy terms.
- Colonial Penn — Guaranteed Acceptance Life Insurance
- Colonial Penn — How the $9.95 plan works
- Colonial Penn — What is a unit?
Rate-chart and calculator values are presented for educational comparison. Official Colonial Penn state-specific quotes and policy forms control actual benefit amounts, unit availability, and contract terms. InsuranceForBurial.com is independent and is not affiliated with Colonial Penn.
