All Posts By Not4ProfitLife

Review of the “Just $9.95” a month life insurance plan

Colonial Penn advertises frequently on television that it offers the coverage you need and deserve for just $9.95 a month. What they don’t say in their ad is that $9.95 doesn’t purchase anywhere near enough coverage. For example, a healthy 65 year old woman in Connecticut will be insure for $1,333 if she pays Colonial…
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Not4Profit Life Guarantees a Better Price Than AAA, AARP, and any Online “Lowest” Price Life Insurance Broker

We dare you (in a nice way) to go get your lowest price quote from AAA, AARP and any of the highly advertised lowest life insurance brokers. In every single instance, we guarantee you that our rates for the exact same policy coverage will be lower than their rate. We mean that! And we don’t…
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Why the for-profit life insurance plans cost so much more than not-for-profit ones?

We will show you how for-profit life policies cost 20-50% more than their not-for-profit peers. It would be natural to ask why for-profit insurance plans cost so much more for Connecticut residents. For-profit companies are stock companies whose sole objective is to make profits for the company’s stockholders. Too often, these for-profit companies spend tens…
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What’s the Difference Between Term Insurance and Permanent Insurance?

All life insurance is designed to provide the policyholder with a specified death benefit ($) if they pass away while the policy is in effect. There are two types of life insurance: TERM and PERM. TERM covers the policyholder for a specified period of time usually for 10, 15, 20 or 30 years at a…
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Not For Profit Life Insurance Explained

Not-for-profit life insurance is also call Fraternal life insurance. It is life insurance coverage that a fraternal group, which is a non-profit organization created through a membership system, offers to its members, and often non-members as well. These companies are run by policyholders for the benefit of policyholders. They focus is on keeping the premiums…
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