Whole Life Insurance
Find the best Whole Life Insurance plan for your loved ones.
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Choose the right Whole Life Insurance
Affordable Whole Life Insurance for you in minutes
No medical exam
This is permanent, whole life insurance with no medical exam required. Answers to the questions on the application will help us determine your eligibility. An underwriter may contact you by phone for more information.
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 in increments up to $50,000.
Flexible payment options
Enjoy the flexibility to pay premiums monthly, quarterly, semi-annually or annually.
Frequently Asked Questions
Understanding Auto Insurance
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.
Term life insurance is straightforward protection that covers you for a set period of time which is the term however Colonial Penn no longer offers a term life insurance plan.
No! Unlike some policies, no medical exam is required for this coverage. Your answers to health questions on the application will help determine your eligibility. An underwriter may contact you by phone for more information.
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%.
