What are the 3 P's of life insurance?

Asked by: Francesca Dach  |  Last update: August 30, 2025
Score: 4.7/5 (45 votes)

A television commercial selling life insurance speaks about three Ps that all focus on one aspect of their policies… price, price and price. It is an easily understood and remembered sales tool, although the substance, value and need for the product is not included in the tag line.

What are the three P's of life insurance?

Remember the 3 P's of life insurance: purchase, payout and price. Calculate how much life insurance you need and weigh your options. Learn about different types of life insurance, as well as riders you can choose. As you get older and your life changes, consider updating your life insurance policy.

What are the 3 P's of life?

Passion, purpose, and perseverance are the three Ps that help drive success to a different level. Passion refers to a strong emotional attachment to something. Purpose refers to an individual's sense of direction and meaning in life.

What does Colonial Penn give you for $9.95 a month?

We offer Guaranteed acceptance whole life insurance for those ages 50-85 (in most states) with options starting at $9.95 a month—ease the burden of final expenses and get back to living life on your terms. Colonial Penn's® popular guaranteed acceptance whole life insurance coverage rates are offered in units.

What are 3 factors of life insurance?

Life insurance costs are personalized and depend on factors like age, health, coverage needs, and the type of policy (term or permanent). Younger and healthier individuals generally qualify for lower rates.

Colonial Penn TV Commercial: 'The Three Ps Life Insurance'

39 related questions found

What are the three principles of insurance?

There are three basic principles of insurance that form the core of insurance practises:
  • Insurable Interest.
  • Utmost Good Faith.
  • Principle of Indemnity.

What is critical 3 life insurance?

Critical 3 with Life Insurance

Pays a lump sum if, while you're insured, you suffer from certain forms of cancer of a specific severity, heart attack, stroke, terminal illness or if you die.

How much is a $50,000 life insurance from Colonial Penn?

Colonial Penn term life insurance review

For example, a woman who purchases $50,000 of coverage would pay: $35.21/month between the ages of 41 and 45. $45.21/month between the ages of 46 and 50. $56.46/month between the ages of 51 and 55.

What's the catch with Colonial Penn life insurance?

The policy has a waiting period, which means the full life insurance death benefit won't be paid out if the insured person dies during the first two years of taking out a policy. Whole life insurance. In New York, Colonial Penn offers whole life insurance to men ages 50 to 73 and women ages 50 to 75.

What is the 3 P principle?

Before the advent of the internet revolution, the three Ps — people, process, product — were all tangible objects that you could literally put your hands on. Processes involved small- or large-scale pieces of equipment linked together into assembly lines, inventory management, and other essential functions.

What are the three S's in life?

The Three S's represent: Substance, Style, and Stature. When most of us start our early adult lives and careers we want to be noticed. We want people to accept our thoughts and ideas as being valuable and worthy of contributing to the organizations of which we are a part.

What are the three basic principles of life?

Basic Principles of Biology
  • Cell Theory: all living organisms are composed of cells. ...
  • Gene Theory: traits are inherited through gene transmission. ...
  • Evolution: any genetic change in a population that is inherited over several generations.

What are the 3 P in life?

Integrating Purpose, Passion AND Priorities

Our limited energy and time make pursuing different things difficult but if we are able to integrate these three Ps together, we would be able to lead more fulfilling and enriching lives.

How much insurance do you get for $9.95 a month?

How Much Life Insurance Coverage Do You Get With A 995 Plan? You can receive up to $30,000 at age 50 as a female, $25,035 as a male with the Colonial Penn 995 Plan. The maximum number of units is 15. This plan is available to anyone between the ages of 50 and 85.

What do the 3 P's mean?

You might wonder, "What are the 3 Ps of performance management?" They're people, processes, and purpose. Each is fundamental to the fabric of organizational excellence. We'll explore management theory and each principle. We'll also find their meaning and how they connect.

What are negatives with a colonial Penn life insurance?

Cons Explained

Few policy types available: Colonial Penn's life insurance offerings are limited to two types of whole-life policies: a low-coverage traditional whole-life policy and a guaranteed-issue policy. Low maximum coverage amount: Colonial Penn's traditional whole life policy coverage is capped at $50,000.

What is the $9.95 plan at Colonial Penn?

$9.95 Insurance

Get Guaranteed Acceptance Life Insurance with locked-in premiums starting at $9.95 a month. No medical exam, health questions or physical. Flexible payment options, such as monthly or yearly. Premiums never increase and benefits never decrease.

What is the best life insurance for seniors?

The best life insurance companies for seniors at a glance

Guardian Life: Best for payment flexibility. MassMutual: Best for elderly applicants. Northwestern Mutual: Best for the potential to earn dividends. New York Life: Best coverage range.

At what age does Colonial Penn life insurance end?

Insurance Options

Term Life Insurance: Suitable for individuals aged 18 to 75, Colonial Penn's term life policies are renewable up to age 90. These policies do not require a medical exam but include a health questionnaire. The maximum coverage is $50,000, with rates varying by age and gender.

What is the best life insurance?

Best term life insurance companies in 2025
  • Guardian: 10, 15, 20 or 30 years.
  • MassMutual: 1, 10, 15, 20, 25 or 30 years.
  • Northwestern Mutual: 1, 10 or 20 years.
  • Thrivent: 10, 15, 20 or 30 years.
  • Pacific Life: 10, 15, 20, 25 or 30 years.
  • New York Life: 1, 10, 15 or 20 years.
  • Penn Mutual: 10, 15, 20 or 30 years.

What cancers are covered by critical illness insurance?

Whether you're covered for cancer on your critical illness insurance generally depends on the type of cancer it is and how serious it is. Generally, a cancer is covered if it's considered malignant, including leukaemia, sarcoma and lymphoma.

Do banks offer life insurance?

Life and disability insurance can provide income protection for you and your family. Core coverage: Bank of America provides these insurance benefits automatically at no cost to you.

What is 3D in life insurance?

Introducing, Aviva Signature 3D Term Plan, a life insurance plan that provides financial cover against the 3Ds – Death, Disability, and Disease.