Living Insurance – Flexible Protection for Now and for Later - colonialpenn.com
This important coverage provides a level of protection you won’t find with many traditional life insurance policies. 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 (when you’re living) or later when your family may need it most.
Life Insurance Early
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. This payout is subject to an administrative fee and repayment of a percentage of any policy loans and loan interest.
Features of this Coverage
No Medical Exams
Our plans don’t require medical exams. Depending on the plan you choose, you may have to answer a few questions.
Early Payout Option
Get up to 50% of your death benefit if you are diagnosed with a covered serious illness with this important protection for you and your family.
Flexible Payment Options
Enjoy the flexibility to pay premiums monthly, quarterly, semi-annually, or annually.
Frequently Asked Questions
It’s easy to apply online. Get a quote and click ‘APPLY’ for the coverage you wish to apply for. You will then be directed to a secure webpage where you’ll provide your personal information, select your beneficiary(s), answer health questions, and select a billing method. After you submit your information, you will be able to print a copy of your signed application for your records.
If you prefer to apply through the mail, you can request information in the mail (link to information request page) or download and print (link to download) an application and mail it to us.
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.