If you’ve been intrigued by Jonathan Lawson’s Colonial Penn commercials, touting the benefits of the Colonial Penn 995 plan, it’s important to peel back the layers of these paid endorsem*nts.
While these ads have made the plan a familiar name among seniors exploring life insurance options, discerning the actual value requires a deeper look.
Burial insurance, like the one Colonial Penn offers, is crucial for ensuring peace of mind and financial security for your loved ones, featuring benefits such as no medical exams, fixed premiums, and comprehensive coverage.
Understanding the true essence of the Colonial Penn 995 plan goes beyond the persuasive words of a spokesperson. It’s about recognizing the importance of reliable coverage that aligns with your financial goals and provides the dignified farewell your family deserves.
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This introduction delves into the critical aspects of burial insurance, guiding you through the fine print and helping you make an informed decision beyond the commercials.
InsuranceForBurial.com gives a 1.0/5.0 star rating.
Read on to find out why..
Overall, when looking for burial insurance you will need to look at quality life insurance companies, so you do not want to be coerced by Jonathan Lawson into buying something based on a charming and familiar face.
In this article, we will look deep into something senior consumers need to be aware of and what a Colonial Penn commercial may lead you to do.
In addition, we will look into Johnathan Lawson Colonial Penn commercials and the impact that may have on your buying decision.
Bove all, we will be very blunt as I speak to hundreds of seniors like you every month about Colonial Penn whole life insurance options.
We do not offer this product. Advise highly against it. keep reading to find out why!.
So sit back, and pay attention, you will probably save thousands of dollars, and you’re welcome in advance.
Table of Contents
- Who Is Jonathan Lawson
- Good Deal?
- Jonathan Lawson Is Paid
- Jonathan Lawson’s Net Worth
- Find the BEST Rates
- Misleading Advertising Practices
- Jonathan Lawson’s Three P’s
- Clients Complaints
- File a complaint
- FAQ
- Conclusion
⭐To see a list of the best burial insurance carriers for seniors Click On “Compare Quotes”
Understanding the Jonathan Lawson $9.95 Plan
If you’ve heard about the Johnathan Lawson $9.95 Plan, you might be wondering how it works and whether it’s the right choice for you. Here, we’ll delve deeper into this plan, to give you a comprehensive understanding of the policy.
When delving into the world of life insurance, it’s essential to weigh the benefits against the costs and potential pitfalls.
One policy that’s been receiving considerable attention is the Colonial Penn Plan, as presented by Jonathan Lawson.
At first glance, the $9.95 monthly premium might seem enticing, but there are several concerns potential policyholders should be aware of.
Is the Colonial Penn Plan by Jonathan Lawson Really a Good Deal?
The following will explain why Colonial Penn plan offered by Jonathan Lawson amy not be a good idea.
High Premiums for Minimal Coverage:
While $9.95 might sound like a nominal fee, when you examine the coverage provided, the value proposition becomes questionable.
For many, the coverage offered might not adequately meet their needs when considering expenses like outstanding debts, funeral costs, and dependents’ support.
The price might be more than what other insurance providers charge for similar or even superior benefits.
| AGE | (Male) 1 UNIT ($9.95) | (Female) 1 UNIT ($9.95) |
|---|---|---|
| 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 |
A Lengthy Waiting Period:
Another significant drawback is the 2-year waiting period. This means that beneficiaries may not receive the full death benefit if the policyholder passes away within the first two years.
Such clauses can place families under financial strain during their most challenging times.
Again, this is whole life insurance with a 2-year waiting period. Here at InsuranceForBurial.com, we use these policies for clients that have severe health concerns like active cancer, dementia, or nursing home confinement. SO IF YOU ARE HEALTHY, don’t compromise based on convenience. 😉
A Concerning Customer Complaint Index:
Perhaps one of the most alarming aspects of the Colonial Penn Plan is its exceptionally high customer complaint index.
With a rate over nineteen (19) times the industry standard, this indicates significant dissatisfaction among policyholders.
High complaint rates can be a red flag regarding customer service, policy terms, and overall reliability.
Colonial Penn Life National Complaint Index Report
This Complaint Index Report is for Colonial Penn Life Ins Co and is based on the criteria you selected. Only closed, confirmed complaints provided by state insurance departments are used in this report.
| Year | Avg. National Complaint Index | Company Complaint Index |
|---|---|---|
| 2022 | 1.00 | 19.52 |
| 2021 | 1.00 | 22.20 |
| 2020 | 1.00 | 8.96 |
Think Before You Leap:
While the no-question medical policy and guaranteed acceptance might seem appealing, it’s crucial to consider the long-term implications of signing up for the Colonial Penn Plan.
With potentially high costs, lengthy waiting periods, and a troubling customer complaint record, it might not offer the best value or peace of mind.
As always, consult with us as we will show you numbers so you make the right decisions. It’s crucial to ensure the policy you choose aligns with both your financial and personal needs.
How Much Does Colonial Penn Pay Jonathan Lawson
Jonathan Lawson is a paid actor who you have seen in Colonial Penn commercials advocating the $9.95 plan.
He is another new actor or pitchman like Alex Trebek that are promoting and marketing Colonial Penn’s TV Commercials.
In fact, this plan is a guaranteed acceptance plan with a two year waiting period. These types of guaranteed acceptance plans are usually 30-50% more in price than the best plans available.
When you buy life insurance you want to be with an insurance company that gives you immediate coverage and a level death benefit. Colonial Penn is not that type of life insurance company.
In fact, other insurance companies have far superior products for burial insurance with zero waiting periods.
You may have to answer a few health questions, but you will not be limited on how much coverage you need in a ridiculous unit plan system.
Does Jonathan Lawson actually work for Colonial Penn?
Jonathan Lawson works for CNO Financial Group, the parent company of Colonial Penn. Records online have Jonathan Lawson Colonial Penn salary at approximately $400,000 per year.
What is Jonathan Lawson Colonial Penn Net Worth
Again, Jonathan Lawson is a paid spokesman for Colonial Penn Commercials. However, he holds a title with CNO Financial Group of Director of Quality Assurance & Escalations.
How much is Jonathan Lawson from Colonial Penn worth
Jonathan Lawson is an actual employee of Colonial Penn parent company CNO Financial Group. Based on what you can find online he has a net worth of $15-$17 million dollars.
He also spent time in the marine corps serving his country. He was in the USA marine corps for 14 years and served in combat and as a master instructor.
Mr. Lawson, thank you for your service to our country.
How old is Jonathan Lawson Colonial Penn Spokesman
Jonathan was born June 3, 1980 in Dunedin, Florida. So he is 42 years of age. After high school at age 18, he went to Pierce College and earned his BBA.
He has been at Colonial Penn for over 8 years and started off as a customer service manager and then as a telesales manager.
He has been advocating Colonial Penn life insurance as the best plan and best policy for years now.
With premiums being higher than the top carriers and having to wait two years for a policy pays out, do you really think it’s a good deal? In addition, if you are healthy do you deserve a two-year waiting period?
Click on Your State To Find the BEST Rates
Avoid These 6 Final Expense Life Insurance Companies at ALL COSTS
Who is Jonathan Lawson Colonial Penn Wife
That’s a great question, there is no information online that confirms or denies whether Jonathan Lawson is married.
In fact, other than some information on him serving our country via the marine corps, his LinkedIn profile is limited as well.
Advocating seniors about life insurance products mostly for burial insurance you would figure a person who promotes a message like this would be a little more accessible.
Colonial Penn Commercials and Advertising Practices
When you compensate paid spokesman it’s hard to take them seriously. In fact, Colonial Penn 995 per unit does not sell itself once you know what type of product it is.
Coverage is limited, no health questions, and a confusing price per unit.
Again, no questions ask and that seniors instantly qualify is a little misleading. No matter what the gender is there are many better options out there for both.
The cost and benefits that they are promoting to potential applicants in their commercials are horrible for seniors.
Colonial Penn life insurance products that Jonathan Lawson promotes seniors will not receive benefits for the first two years.
In addition, if you are in good health the coverage is limited and the premiums are too high.
This is very similar to the advertising practices from Globe and Life Insurance Savings Group!
👇Take a break, see what our clients are saying about us👇
Jonathan Lawson and the Three P’s
Whenever you are watching Colonial Penn TV commercials with Jonathan Lawson he mentions the three P’s, Price, Price, Price.
However, they never talk about the age and how as you get older the unit you can buy decreases in coverage.
He talks about Price you can afford, Price cant increase and Price fits your budget, DUH, of course, $9.95 will fit a senior’s budget.
With such misleading articles and commercials seniors and potential clients regardless of gender, can find much better insurance coverage with better companies,
Ever wondered how you could secure a lump sum payout upon a sudden major health crisis? FIND OUT HOW TO GET A LUMP SUM PAYOUT AFTER DIAGNOSIS OF CANCER/STROKE/HEART ATTACK
Colonial Penn Clients Complaints
In addition, misleading Tv Commercials from paid spokesmen like Jonathan Lawson and previously Alex Trebek, you have clients that complain about this product 3-4 times more than the average life insurance companies in the industry.
How do I file a complaint against Colonial Penn?
Most of the life insurance complaints are from the Better Business Bureau, with a dismal 1.23/5 stars. You can easily find other articles about these complaints with a simple Google search.
Most of them are from overcharging customers’ accounts, not sending the right death benefit to the grieving family because of the wrong unit, and just incompetent customer service.
Here is an example of Colonial Penn insurance coverage
To file a complaint you can contact the BBB CLICK HERE
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Frequently Asked Questions
What is the Colonial Penn 995 Plan?
The Colonial Penn 995 Plan is a life insurance policy marketed primarily towards seniors, offering burial and final expense insurance without requiring a medical exam. It is named for its fixed monthly premium rate of $9.95 per unit.
Do I need a medical exam to apply for the Colonial Penn 995 Plan?
No, one of the key benefits of the Colonial Penn 995 Plan is that it does not require a medical exam or health questions for approval. This feature makes it accessible to many seniors looking for burial insurance.
How does the coverage of the Colonial Penn 995 Plan compare to other burial insurance policies?
The Colonial Penn 995 Plan offers a fixed benefit amount that may be lower than some other policies, given its affordability and accessibility. It’s designed to cover final expenses and not intended as a comprehensive life insurance solution.
Can the premiums of the Colonial Penn 995 Plan increase over time?
No, one of the plan’s advantages is that the premiums are fixed and will not increase with age or changes in health status. This provides financial predictability for policyholders.
Is Jonathan Lawson’s endorsem*nt of the Colonial Penn 995 Plan genuine?
Jonathan Lawson is a paid spokesperson for Colonial Penn. While his endorsem*nts are based on the plan’s features, potential customers should conduct their research and consult with a financial advisor to determine if it’s the right choice for their needs.
Who is eligible for the Colonial Penn 995 Plan?
The plan is primarily targeted at seniors, but eligibility can vary. It’s best to contact Colonial Penn directly or visit their website for the most accurate and up-to-date eligibility information.
What happens if I outlive my policy?
As the Colonial Penn 995 Plan is a form of permanent life insurance, it does not expire as long as premiums are paid. The policy will pay out the death benefit to your beneficiaries upon your passing.
Can I cancel my Colonial Penn 995 Plan if my circ*mstances change?
Yes, you can cancel your policy at any time. However, it’s important to consider that cancellation may mean losing the premiums already paid and having to reapply for new coverage at a potentially higher rate due to age or health changes.
How do I make a claim with the Colonial Penn 995 Plan?
To make a claim, beneficiaries should contact Colonial Penn directly. The company typically requires a death certificate and completion of claim paperwork to process the benefit payment.
Where can I get more information or apply for the Colonial Penn 995 Plan?
For more information or to apply, visit the Colonial Penn website or contact their customer service directly. It’s also advisable to consult with a financial advisor to explore how this plan fits into your overall financial strategy.
Conclusion
If you are looking for life insurance coverage, don’t go to Colonial Penn. They pay their spokesmen a pretty penny to advocate how good their coverage is. But in reality, it is not.
Colonial Penn commercials with Jonathan Lawson are overpriced and your coverage is limited.
To cover properly, Colonial Penn will disappoint you. Call us and we can have you qualified, and matched up with an A/A+ carrier within minutes.
This will be without a spokesman telling you what is best for you, but us explaining why it is best for you.
If you want to be proactive and have a preapproved offer from the best carrier fill out this form by CLICKING HERE.
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