Introducing living insurance

Living Insurance Image

Protect your family and yourself with a living insurance plan

This two-part plan extends the value of your life insurance, so you can collect up to 50% of it early if you become seriously ill. That gives you flexible coverage for NOW (while you're living) or later when your family may need it most.


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payout option

living insurance

Living insurance gives you three early payout options

This important coverage provides a level of protection you won't find with many traditional life insurance policies.

Choose one of three early payout options: heart attack & stroke, cancer, or chronic illness.

Heart attack/Stroke
Chronic illness

Heart Attack/Stroke

Access up to 50% of your life insurance benefit if you are diagnosed with a heart attack or stroke.


Access up to 25% of your life insurance benefit if you are diagnosed with cancer (other than skin cancer).

Chronic Illness

Access up to 50% of your life insurance benefit if you are diagnosed with a disabling chronic illness.

An early payout option is an accelerated death benefit rider that allows you to receive part of your policy's benefit if you're diagnosed with a covered illness. The payout is subject to an administrative fee and repayment of a percentage of any policy loans and loan interest.

Life is never one-size-fits-all

Find a plan that fits yours.

We offer affordable coverage options no matter where you are in life. Whether you're planning ahead, or haven't planned enough, we have options that can help meet your needs.

Guaranteed Acceptance Life Insurance

(Ages 50-85 in most states) With Guaranteed Acceptance, you don’t need to be in perfect health to get coverage. This is permanent, whole life insurance with no health questions asked and no physicals required.

Permanent Whole Life Insurance

(Ages 40-75) Our permanent whole life plan offers you affordable life-long coverage that builds cash value that you can borrow against at a guaranteed interest rate. Once insured your rate will never go up.

Renewable Term Life Insurance

(Ages 18-75) Our term life insurance is guaranteed renewable up to age 90. Your rate is based on gender and age when coverage takes effect. Rates increase as you enter a new age band.

Why Choose Colonial Penn

When you choose Colonial Penn, you're choosing peace of mind, for the future.

No Medical Exams
Our plans don’t require medical exams. Depending on the plan you choose, you may have to answer a few questions.
Money-back Guarantee
Give it a test drive for 30 days. If your plan doesn't feel quite right, cancel for full refund.
Affordable Rates
When you purchase a life insurance policy your rate schedule is locked in and will not change. No hidden surprises, just valuable protection at affordable rates.
A Devoted Service Team
Whether you need quick answers or step-by-step guidance, we're here to help - so you can get back to living!
Need more help?
We make it easy to compare plans so you can find the best fit for you.
Or give us a call and we'll help walk you through it!