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Is 9.95 life insurance a scam?

This is a complete SCAM.how can the FTC allow this to go on. 9.95 gets you maybe a 1000.00 in life insurance. The TV commercials try to make people believe for 9.95 will take care of all their families needs when you buy. Major lie. Date of experience: February 01, 2023 This misleading advertising has hurt many senior consumers and their families.

How much life insurance coverage can I buy?

The maximum allowable purchase is 15 units, and if one unit equals a death benefit of $1,000, then the most coverage you can buy is $15,000. Your monthly premium would be $149.25 ($9.95 x 15).

What happens if you die on a 995 plan?

If you die (accidental death is the only exception) during the first two years, your beneficiaries will only receive a refund of the premiums you paid plus a small interest amount. The 995 plan is sold by the unit. Everyone, regardless of age or gender, pays only $9.95 per month for one unit.

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