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How much coverage do you get with colonial penn $9.95 plan? Coverage options starting at $9.95 a month! The most you can get. You can receive up to $30,000 at age 50 as a female,. How much insurance for $9.95? The amount of life insurance you can get from colonial penn for $9.95 a month depends on your age and gender. How much life insurance coverage do you get with a 995 plan? With the 995 plan from colonial penn, you will get between $418 and $2,000, depending on your age and gender. Guaranteed acceptance life insurance without medical exams, health questions or rate.