Colonial Penn Rate Chart by Age (2026)

Colonial Penn's rate chart shows how much death benefit coverage each $9.95 unit buys at every age from 50 to 85. At age 50, one unit provides $1,669 (male) to $2,000 (female). At age 65, one unit provides $896 (male) to $1,258 (female). At age 80, one unit provides only $426 (male) to $608 (female). The coverage amount per unit decreases with age, but the $9.95 per-unit price stays the same.

The monthly cost depends on your age and gender. At age 60, a woman needs 7 units ($69.65/month) and a man needs 9 units ($89.55/month) for $10,000. At age 65, a woman needs 8 units ($79.60/month) and a man needs 12 units ($119.40/month). At age 70, a woman needs 10 units ($99.50/month) while a man hits the 15-unit maximum at $149.25/month for roughly $10,335. These figures are based on Colonial Penn's published per-unit rate chart.

Colonial Penn sells coverage in units. Each unit costs $9.95 per month, and the amount of death benefit one unit provides depends on your age and gender at the time of purchase. You choose how many units to buy, up to a maximum of 15. The $9.95 per-unit price never changes, but older applicants get less coverage per unit. For example, a 60-year-old woman gets $1,515 per unit while a 75-year-old woman gets only $762 per unit.

The $9.95 per month buys one unit of coverage. At age 65, that single unit provides $1,258 of death benefit for a woman or $896 for a man. This is far less than a funeral costs. The national median funeral cost is $7,848 (NFDA, 2023), so one unit covers roughly 11 to 16 percent of a funeral depending on age and gender. Most people need 5 to 15 units to get meaningful coverage.

Yes. Colonial Penn costs 40 to 65 percent more per dollar of coverage than simplified-issue carriers. For $10,000 at age 65, Colonial Penn charges $79.60 per month (female). Mutual of Omaha charges $41, Aflac charges $44, and Transamerica charges $52 for the same amount with no waiting period. Colonial Penn also includes a mandatory 2-year graded death benefit, meaning beneficiaries receive only a return of premiums if the insured dies of natural causes during the first two years.

Once you purchase a Colonial Penn policy, the $9.95 per-unit rate is locked for life and never increases. However, the amount of coverage each unit provides is based on your age at the time of purchase. A 60-year-old locks in $1,515 per unit (female), while a 70-year-old locks in only $1,000 per unit. So while the monthly cost per unit stays the same, you get less coverage if you buy at an older age.

The national median funeral cost is $7,848 (NFDA, 2023). At age 65, a woman needs 7 units ($69.65/month) and a man needs 9 units ($89.55/month) to cover that amount. At age 70, a woman needs 8 units ($79.60/month) and a man needs 12 units ($119.40/month). At age 75 and older, men may not be able to reach the full funeral cost even at the 15-unit maximum. Colonial Penn caps purchases at 15 units ($149.25/month).