LifeChoice Whole Life Insurance - colonialpenn.com
LifeChoice® Whole Life Insurance
This simplified issue coverage doesn’t require a medical exam. 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.
What is Permanent Whole Life Insurance?
Permanent Whole Life Insurance provides coverage for the life of the insured. These life insurance policies are also known as “traditional.” Permanent Whole Life Insurance is paid out to a beneficiary or beneficiaries upon the insured’s death provided that the premium payments were maintained.
Common uses for Permanent Whole Life Insurance
- Cash for loved ones when they may need it most
- Outstanding debt left behind by the insured
LifeChoice® Whole Life Insurance through the Colonial Penn® Program
Our LifeChoice® Whole Life Plan offers permanent, lifelong protection. Males ages 50–73 and females ages 50–75 are eligible to apply for coverage. No medical exam required, builds cash value. Exclusive to New York residents.
No medical exam
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 up to $25,000.
Flexible payment options
Enjoy the flexibility to pay premiums monthly, quarterly, semi-annually or annually.
This plan begins to build cash value after the first year of coverage. You can borrow against it at a guaranteed rate.
Follow these steps to apply for Permanent Whole Life Insurance
- Step 1: Choose your coverage amount
You can choose a coverage amount between $5,000 and $25,000 in LifeChoice® Whole Life Insurance coverage.
- Step 2: Get your quote
Provide basic details about yourself and help us generate a quick quote for you
- Step 3: Download your application
Download, complete and sign the application in a few simple steps. Send us the application along with a check or money order for your first premium payment (you may pay either monthly or annually).
Why Choose Coverage Through the Colonial Penn® Program?
No Medical Exam
Answers to questions on the application help us determine your eligibility
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.
Do I need a physical?
You will never need a physical. Your answers to a few health questions will help determine your eligibility.
Will my rates go up every year?
No. Once you're insured, your rate will never go up.
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.
Can you cancel my coverage?
As long as you pay your premium, only you can cancel your coverage.
Is there a waiting period before the full benefit takes effect?
Your policy becomes effective on the day your application is approved, and you're covered in full from day one.
Does this plan pay benefits even if I have other insurance?
Yes. This plan will pay benefits directly to your beneficiary in addition to any other insurance you might have.
Get a quick insurance quote now!
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