Carrier Review
Colonial Penn Final Expense Insurance Review
Guaranteed Issue · Underwriting ages 50–85 · 3.9/5 SureChoice rating
Overall: 3.9 / 5
Score derived from our four-factor methodology — price competitiveness, no-waiting-period availability, financial strength, and complaint volume.
Pros
- + Famous AARP-branded plan
- + Direct-to-consumer available
- + Guaranteed acceptance ages 50–85
- + Operates in all 50 states
Considerations
- − Underwriting limited to ages 50–85.
- − Coverage caps vary; verify maximum face amount during application.
- − 2-year graded period before full death benefit applies.
How Colonial Penn's plan works
Colonial Penn offers guaranteed-issue coverage — no health questions, you cannot be denied. Years 1–2 pay back premiums plus interest in lieu of the death benefit; year 3 onward pays the full face amount.
How much does Colonial Penn cost?
Indicative monthly cost across our cheapest applicable carrier baseline, non-tobacco female. Real pricing for Colonial Penn specifically depends on full underwriting.
| Age | $5,000 | $10,000 | $15,000 | $20,000 | $25,000 | $50,000 |
|---|---|---|---|---|---|---|
| 50 | $11.88/mo | $23.75/mo | $35.63/mo | $47.50/mo | $59.38/mo | $118.75/mo |
| 55 | $14.87/mo | $29.74/mo | $44.61/mo | $59.49/mo | $74.36/mo | $148.71/mo |
| 60 | $18.62/mo | $37.25/mo | $55.87/mo | $74.49/mo | $93.12/mo | $186.24/mo |
| 65 | $23.32/mo | $46.65/mo | $69.97/mo | $93.29/mo | $116.61/mo | $233.23/mo |
| 70 | $29.21/mo | $58.42/mo | $87.62/mo | $116.83/mo | $146.04/mo | $292.08/mo |
| 75 | $36.58/mo | $73.16/mo | $109.73/mo | $146.31/mo | $182.89/mo | $365.78/mo |
| 80 | $45.81/mo | $91.61/mo | $137.42/mo | $183.23/mo | $229.03/mo | $458.07/mo |
| 85 | $57.37/mo | $114.73/mo | $172.10/mo | $229.46/mo | $286.83/mo | $573.65/mo |
Indicative monthly premiums for female, non-tobacco. Real pricing depends on full underwriting.
Application process
- Complete the SureChoice quote calculator.
- A licensed agent calls to verify details and confirm pricing.
- Carrier underwriting decision (typically same-day for level / graded plans).
- Sign and pay first premium. Coverage starts immediately.
Claims process
- Beneficiary contacts Colonial Penn or our agent line.
- Submit certified death certificate.
- Carrier verifies coverage was in force.
- Payout typically within 7–14 days of receipt.
How does Colonial Penn compare?
Compare Colonial Penn with the rest
Our calculator returns indicative pricing from Colonial Penn alongside every other carrier in our panel.
Start quote calculator →