Ease the burden of final expenses with this popular plan featuring permanent coverage that can last your lifetime. You can’t be turned down due to your health, and once you’re insured, your rate will never go up! Read more below!

What is Guaranteed Acceptance Life Insurance?

Guaranteed Acceptance Whole Life Insurance is a type of whole life insurance. Benefits and features can vary by insurer, but generally, guaranteed acceptance plans are insurance policies with a limited benefit period and applicants are not asked health questions or required to take a medical exam.

Let’s learn about Colonial Penn’s Guaranteed Acceptance Whole Life plan below and how you could build cash value and have a premium that is locked in. Your acceptance is guaranteed!

Guaranteed Acceptance Life Insurance from Colonial Penn

Guaranteed Acceptance Life Insurance is a popular insurance plan. Applicants don’t need to be in perfect health to get coverage, so they do not have to undergo a physical or answer any health questions—acceptance is guaranteed regardless of pre-existing conditions. We can guarantee your acceptance because of a two-year limited benefit period. This permanent whole life insurance can last your entire lifetime and once insured your rate will never go up!

How does Guaranteed Acceptance Life Insurance work?

Colonial Penn’s popular Guaranteed Acceptance Whole Life Insurance offers coverage units. A unit of coverage corresponds to the life insurance benefit amount that an individual can purchase. Coverage amounts are based on age, gender (in Montana, age only) and state of residence. The price per unit is a fixed amount. Multiple units can be purchased to help build a larger death benefit.

Our most popular coverage option is for those age 50-85 (in most states). Guaranteed Acceptance means you can’t be turned down for any health reason. Locked-in premium rates start at $9.95 a month.

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No medical exam

You cannot be turned down because of your health. We can guarantee acceptance because of a two-year limited benefit period. This is permanent, whole life insurance with no health questions asked and no physical to take.

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Locked-in premium & benefit amount

Once insured, your premium gets locked in and is guaranteed to never increase for as long as your coverage lasts. Your benefit won’t decrease due to age and is based on your gender and age (in Montana, age only) when your coverage takes effect.

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Flexible payment options

Enjoy the flexibility to pay premiums monthly, quarterly, semi-annually or annually.

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Coverage can't be cancelled

Final medical and hospital bills. Funeral and burial expenses. Unpaid credit cards. Home or car loans. Colonial Penn’s Guaranteed Acceptance Life Insurance offers you easy and affordable coverage. With enough life insurance in place, you can rest easy knowing that your final expenses won’t add to your family’s grief. As long as you pay your premiums, your coverage cannot be cancelled. Your coverage will begin to build cash value after the first year which you can borrow against at a guaranteed rate.

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Why Choose This Colonial Penn Plan?

No Medical Exam

No health questions asked. Limited benefit first two years.

We Believe in Making Insurance Simple

Finish the process in a few simple steps.

30-Day Try-It-On Period

Cancel your plan for a full refund.

What is a unit?

A unit of coverage corresponds to the life insurance benefit amount you can purchase. It depends on age, gender (in Montana, age only) and state. Please get a quote to see benefit amounts and premiums available to you for up to 15 units of coverage.

Do I have to answer any medical questions?

You don't have to answer any questions about your health or take a physical exam. Your acceptance is guaranteed!

As I get older, will my benefits be reduced?

No. After your coverage begins, your benefit will not decrease as you grow older or if your health changes. Acceptance is guaranteed because of a limited benefit for death during the first two years.

Will my rate go up every year?

Once your coverage takes effect, your rate will stay the same as long as you keep your insurance.

Will my coverage be cancelled as I age?

Absolutely not. Your coverage can stay in force as long as you pay your premiums when due.

Can I take a loan against the cash value of my Guaranteed Acceptance Life Insurance?

Yes. If your coverage is in force and has a cash value yes, you may obtain a loan on it. The interest rate is 8% compounded annually. Any loan amount and interest that has not been repaid at the time of death is deducted from the death benefit. Please refer to your policy/certificate for more information or call our toll-free service number 1-877-877-8052

Does this plan pay benefits even if I have other insurance?

Yes. Your Guaranteed Acceptance Life Insurance plan will pay benefits directly to your beneficiary or beneficiaries in addition to any other insurance you might have.