No Medical Exam

Answers to the questions on the application/enrollment form 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 and Benefit Amount

Premium is based on gender and age (in MT, age only) when coverage takes effect. 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

Begins to build cash value after the first year of coverage which you can 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.

Then you will 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, or download and print 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.
Yes! 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 that 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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