Let your love live on.

Help protect and provide for your loved ones after you're gone. Up to $25,000 in whole life insurance coverage.

LifeChoice® Whole Life Insurance

This simplified issue coverage doesn’t require medical exams. Answers to questions on your application help us determine your eligibility. Once insured, your rate will never go up and your premium is locked in for life.

AT A GLANCE

(Ages 50-73 for males, Ages 50-75 for females)

With the LifeChoice® Permanent Whole Life plan, your premium is locked in for life. Your rate will never go up.

MORE DETAILS

Age & State Availability

Ages 50 – 73 for males, ages 50 – 75 for females. Exclusive to New York residents.

Medical Exam Requirements

Answers to the questions on the application will help us determine your eligibility. This is permanent, whole life insurance with no medical exam required.

Length of Coverage

Lifetime

Maximum Life Insurance Benefit

Up to $25,000

Cash Value

Begins to build cash value after the first year of coverage which you can borrow against at a guaranteed rate.

Premium Rates

Premium is based on gender and age when coverage takes effect. Rate will not change for the life of the policy.

Flexible Payment Options

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

Added protection for your family.

Coverage that benefits your loved ones.

Download an application quickly and easily.

Finish the process in a few simple steps.

30 Day Try-It-On Period

Cancel your plan for a full refund.

Features of this Coverage

No Medical Exams

Answers to the questions on the application will help us determine your eligibility. This is permanent, whole life insurance with no medical exam required.

Locked-in Premium & Benefit Amount

Your premium is based on gender and age when coverage takes effect. Your rate will not change for the life of the policy. Benefit amounts are available in increments up to $25,000.

Flexible Payment Options

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

Cash Value

This plan begins to build cash value after the first year of coverage. You can borrow against it at a guaranteed rate.

Frequently Asked Questions

You don't have to get a physical now or ever. Your answers to a few health questions will help determine your eligibility.
No, once you're insured, your rate will never go up.
No. After your coverage begins, your benefit will not decrease as you grow older or if your health changes.
As long as you pay your premium, only you can cancel your coverage.
Your policy becomes effective on the day your application is approved, and you're covered in full from day one.
Yes. This plan will pay benefits directly to your beneficiary in addition to any other insurance you might have.
Count on a 30-Day Money Back Guarantee for peace of mind. If you decide this coverage isn't for you, just return your insurance documents within 30 days after receiving them for a complete refund, no questions asked.
We’ve built our reputation on satisfied customers. When you receive your insurance documents, you’ll also receive a customer service guide with a toll-free service hotline. This special toll-free number will put you directly in touch with a top-notch service team. Your guide will also include information on how to change your payment plan, change a beneficiary, or file a claim.
Your rates will never be lower than they are right now. The younger you are when your coverage starts, the lower your rates will be for life.
Simplified issue means that you don't have to complete a lengthy health questionnaire or get a physical to apply for coverage. Your answers to a few health questions will help us determine your eligibility.
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. Please refer to your policy for more information or call our toll-free service number.
Yes! Customers can register at MyColonialPenn.com and see their coverage, premium, cash value and loan information. Premiums can be paid online and you can email us anytime with questions about your policy.

Colonial penn Experience

Personal Protection For Our Customers

Offering peace of mind for over 60 years

Try It On Period, 30 Days of Getting to Know Us

Lets you change or cancel your plan for a full refund if it doesn't feel quite right.

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!