Life-altering situations often come unannounced, so having a life insurance policy that works for you is critical.Ĭolonial Penn Life Insurance does not currently offer colonial disability insurance. These life insurance options, Guaranteed Acceptance and Living Insurance are great for those in need of insurance coverage at a later stage in life. Colonial Penn Living Insurance includes three early payout options: access of 50 percent of your life insurance benefit for heart attack or stroke, 25 percent if you are diagnosed with cancer, and 50 percent for a chronic illness. Living Insurance is another popular life insurance option that combines a whole life insurance policy with an early payout option. This is also known as a Colonial Penn 9.95 plan because it is offered to seniors at as low as $9.95 a month. In addition, part of your premium with a whole life policy goes into building a cash value over time, from which you can pull in the event of emergencies.įinal expense is a type of permanent life insurance policy that explicitly helps older individuals cover end-of-life expenses like funeral costs and more.Ĭolonial Penn is well-known for its Guaranteed Acceptance Life Insurance policies, which allow customers to purchase life insurance regardless of pre-existing conditions. For example, whole life insurance covers you for your entire life without an expiration date. Because Colonial Penn specializes in insuring individuals who need coverage later in life, more options are focused on that clientele.Īlthough it is more expensive than term life insurance, whole life insurance has perks. Specifically, Colonial Penn Life Insurance Company offers:Ĭolonial Penn does not offer term life insurance but has plenty of additional options from which customers can choose. Secured with SHA-256 Encryption Which types of life insurance does Colonial Penn Life Insurance sell?Ĭolonial Penn Life offers multiple life insurance policies to choose from, including whole life insurance. Keep reading to learn more about the pros and cons of Colonial Penn Life Insurance, including Colonial Penn Life Insurance quotes, products, ratings, and other life insurance terms.īefore jumping in, enter your ZIP code into our free online tool for instant life insurance quotes from companies in your area today. It sells various life insurance products, including whole life insurance and more. Colonial Penn Life Insurance Company is a reputable insurance agency with more than 50 years of experience in the insurance industry. In this Colonial Penn Life Insurance review, we have done some of the work for you. ![]() However, the difficulty often lies in finding the best life insurance companies and policies for your needs. Investing in a life insurance policy guarantees financial security for your beneficiaries after you pass. Fortunately, purchasing a life insurance policy is the best way to protect your loved ones from these repercussions. Tons of unpredictable financial obligations can leave your loved ones accountable for any negative repercussions once you have passed. ![]() ![]()
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