Alex Trebek Life Insurance Ad Fine Print

We are sure that a lot of Americans have seen the commercial, featuring popular TV host, Alex Trebek. But since his passing, the actor Jonathan Lawson took his spot on the well-known TV commercials for Colonial Penn. “Colonial Penn Coverage options start at $9.95 a month, less than 35 cents a day, and the rate is locked in for life!” Or maybe you saw “Guaranteed Acceptance with NO health questions ” Normally, when something is “too good to be true” chances are, it is

Colonial Penn is a large, well-known company, but you need to read the fine print in these commercials. If you look at the picture above, do you notice the “Coverage options start at“? This is a good indication that the insurance is not just $9.95 per month. Colonial Penn doesn’t even mention how much insurance is provided at the $9.95 price. You’ll want to check the Colonial Penn 995 Plan rate chart that we created so you can see exactly what $9.95 gets you.

Another example of what Colonial Penn hides in their fine print of the Alex Trebek commercial. Above you will see “Guaranteed Acceptance-with NO health questions.” This is one of the truths in this commercial. It is in fact guaranteed for you to be approved, regardless of any pre-existing conditions. This comes with a catch.

Do you see at the very bottom of the ad where it says “Limited benefit first 2 years“? This means that if you die within the first two years of having the Colonial Penn 995 Plan, your beneficiary WILL NOT receive the death benefit you have been paying for. Your beneficiary will receive a refund of your premiums and a little interest, but it won’t result in a lot of money.

The best thing you can do when looking at Colonial Penn or any other life insurance for seniors is to read the $9.95 plan reviews. This gives you real customer insight and experience. You can look at Colonial Penn life insurance reviews on BBB (Better Business Bureau) and many other sites