I Probably Should Take the Plunge
By celticeagle
@celticeagle (189820)
Boise, Idaho
July 3, 2022 3:31pm CST
I keep seeing this Colonial Penn commercial for life insurance. That has a plan for only $9.95. I keep thinking I really need to get this but I don't. Every month money is so tight I can nearly hear it squeak. Nearly every penny goes for food and bills. One treat a month is needed to keep me sane. I get a very small pension and SS and that is it. My daughter gets SSI and she pays half of the rent and utilities. We live very modestly. I keep thinking about life insurance but I just can't bring myself to do it.
Have you taken that plunge?
6 people like this
4 responses
@kaylachan (84742)
• Daytona Beach, Florida
4 Jul 22
No, I haven't. Truth be told I don't really think it's going to be needed if I were being honest. Not if you have to pay a monthly fee for it. and I would be very concerned when they claim the price is so cheep. I would do a ton of research before remotely considering it.
2 people like this
@kaylachan (84742)
• Daytona Beach, Florida
4 Jul 22
@celticeagle I wish you the best of luck.
1 person likes this
@LindaOHio (222280)
• United States
4 Jul 22
Yes, we signed up for life insurance about 50 years ago. Some of the policies are paid off; and we don't have to pay any premiums. Have a great 4th.
1 person likes this
@MarieCoyle (59150)
•
4 Jul 22
I am acquainted with several seniors who have done this. All I can say is, be sure you do your homework. It's not the best way...plus, if you die within 2 years of the policy start up date, your family gets your $9.95 per month back with a tiny interest, no payout. And, the kicker is $9.95 per month will buy you like $700 in coverage AFTER 2 years of payments. That's not even going to pay for the obituary notice.
https://finalexpensedirect.com/colonial-penn-life-insurance-for-seniors/
1 person likes this
