Coverage for as long as you need it.

Term life insurances gives you affordable options for the length of time your need it.

Renewable Term Life Insurance

Get protection for the years you think you’ll need it most with this plan that’s renewable up to age 90. Your rate is based on your gender and age when your coverage takes effect and will increase when you enter a new age band.

AT A GLANCE

(Ages 18-75)

For adults of all ages, Renewable Term Life 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.

MORE DETAILS

Age & State Availability

Ages 18 – 75. Available in all states except Montana, New York, and the Virgin Islands.

Medical Exam Requirements

Answers to questions on the application will help us determine your eligibility. This is term life insurance with no medical exam required. An underwriter may contact you by phone for more information.

Length of Coverage

Renewable to age 90

Maximum Life Insurance Benefit

$50,000

Cash Value

Depending on how long you’ve had your coverage, cash value may be available to borrow against at a guaranteed interest rate.

Premium Rates

Initial premium is based on your gender and age when coverage takes effect. Rate increase as you enter a new age band.

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

Apply quickly and easily online.

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 renewable term life insurance with no medical exam required. An underwriter may contact you by phone for more information.

Premium & Benefit Amount

Your initial premium is based on your gender and age when coverage takes effect. Rates increase as you enter a new age band. Benefit amounts are available up to $50,000.

Flexible Payment Options

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

Cash Value

Depending on how long you’ve had your coverage, cash value may be available to borrow against at a guaranteed rate.

Frequently Asked Questions

Term life insurance is straightforward protection that covers you for a set period of time-the term. It can be one of the most affordable ways to buy life insurance. This term policy is guaranteed renewable up to age 90, even if your health has changed.

Whole life insurance offers permanent, lifetime coverage. Your premiums do not increase over time, and your coverage begins to build cash value after the first year. You can borrow against this cash value by taking a policy loan. For people who want permanent protection, whole life insurance can be a good choice.
No! Unlike some policies, no medical exam is required for this coverage. Your answers to a few health questions on the application/enrollment form will help determine your eligibility. An underwriter may contact you by phone for more information.

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 a few 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.

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.
Yes! Customers can register at MyColonialPenn.com and see their coverage, premium, cash value and loan information. You can pay your premium online, and you can email us anytime with questions about your policy.
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.
Yes. You may designate up to two beneficiaries. If you designate two, the total shares must add up to 100%. Many people who choose two beneficiaries divide their life insurance benefit so that each person receives 50%.
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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.
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