The life insurance coverage is issued without any health exam required. People who meet the age requirement may purchase life insurance.
The rate for the life insurance is a per unit basis.
For example, a unit of life insurance coverage may be $1,000 of protection.
Your rate per unit means the amount you pay per $1,000 of life insurance coverage.
However, you should check when you get your life insurance quote from Colonial Penn to make sure how the rate is charged, and how long the rate is guaranteed to remain the same.
Also, make sure you understand how long your coverage is guaranteed to remain "In Force".
Here's how you can learn more about guaranteed acceptance life insurance coverage.