Let your love live on.

Help protect and provide for your loved ones after you're gone. Up to $50,000 in whole life insurance coverage.

Permanent Whole Life Insurance

This plan offers the security of lifetime coverage. This permanent protection doesn’t require medical exams. Answers to questions on your application will help us determine your eligibility. Your coverage won’t decrease as you age, and your rate is locked in for life.

AT A GLANCE

(Ages 40-75)

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

MORE DETAILS

Age & State Availability

Ages 40 – 75. Available in all states except New York and the Virgin islands.

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. An underwriter may contact you by phone for more information.

Length of Coverage

Lifetime

Maximum Life Insurance Benefit

$50,000

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 (in Montana, age only) 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

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 the Insurance Policy

Do you offer online customer service?

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. An underwriter may contact you by phone for more information.

Locked-in Premium & Benefit Amount

Your premium is based on gender and age (in Montana, age only) when coverage takes effect. Your rate will not change for the life of the policy. Benefit amounts are available in increments up to $50,000.

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

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.
Or give us a call and we'll help walk you through it!