Colonial Penn Life Insurance will pay a death benefit after a waiting period of a couple years, for death due to natural causes. During the first two years, it will pay a death benefit plus a small percent more. It pays 100% of the death benefit from day one for accidental death that was not caused in any way by the insured person's health condition(s).
If your health is not very poor, you may be able to get a No Exam policy that will pay 100% from day one for death by any reason. You may also be able to get a larger face amount than you can get through Colonial Penn, and/or at a lower cost.
Nonmed policies offered by other companies are also easy to get. So don't settle for Colonial Penn until you have contacted a broker who can tell you what else you can get, so you can make an informed decision.
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If your health is not very poor, you may be able to get a No Exam policy that will pay 100% from day one for death by any reason. You may also be able to get a larger face amount than you can get through Colonial Penn, and/or at a lower cost.
Nonmed policies offered by other companies are also easy to get. So don't settle for Colonial Penn until you have contacted a broker who can tell you what else you can get, so you can make an informed decision.