Senior Life Insurance
With no health questions and no rate increases, Colonial Penn life insurance for seniors is designed with YOU in mind!
Why Senior Life Insurance?
Whole life insurance for seniors can help give you peace of mind knowing that your family won’t be left with bills after you pass.
No medical exam, health questions or physical
Flexible payment options,
pay monthly or yearly
Premiums never increase and benefits never decrease
Lifetime coverage if you pay your premiums
3 Simple Steps to Apply
Step 1:
Get a quote to see benefit amounts and premiums available to you.
Step 2:
Complete our simple application
in just minutes.
Step 3:
Get covered with guaranteed acceptance.
It’s that easy!
Why Choose Colonial Penn?
No Medical Exam
No health questions asked.
Limited benefit for the first two years.
Simplicity
Get final expense life insurance in just a few steps.
30-Day Try-It-On Period
Cancel for a full refund if you decide it isn’t right for you.
Frequently Asked Questions
What is a unit of life insurance coverage?
A unit of coverage corresponds to the senior 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 or take a physical?
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 senior life insurance benefits be reduced?
No. After your senior life insurance 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 premiums go up every year as I get older?
Once your coverage takes effect, your rate will stay the same as long as you keep your senior life insurance.
Will my senior life insurance be canceled as I age or my health changes?
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, 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.
Get a Quick Insurance Quote Now!
It only takes a few minutes to get started. Select your state, answer a few questions, and see which plans fit your needs.