Colonial Penn Program Products

Life Insurance Products for New York Residents

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Guaranteed Acceptance Whole Life Insurance

Peace of Mind for You and Your Family

Who will pay your final medical and hospital bills? Your funeral and burial costs? Your unpaid credit cards, home or car loans? With life insurance in place to help provide peace of mind, you can rest easier knowing that your final expenses will not add to your family’s grief. And now you can easily get affordable Guaranteed Acceptance Life Insurance to help your loved ones during a difficult time.

You Cannot Be Turned Down

If you are between the ages of 50 and 75, you are guaranteed acceptance for this life insurance. There are no health questions to physical exam to take. We can guarantee your acceptance because of a two-year limited benefit period. Click here for details on benefits, costs, limitations and exclusions.

Locked-in Rate and Benefit

Enjoy a rate that will never increase and a benefit that will never decrease simply because you grow older. Your benefit is based on your gender and age when your coverage takes effect.

Coverage Can't Be Cancelled

As long as you pay your premiums, only you can cancel your coverage.

+ Frequently Asked Questions

Here are some questions we're often asked about our Guranteed Acceptance Life Insurance. If there's something more you'd like to know please contact us.

  • What is a unit?
  • A unit of coverage corresponds to the life insurance benefit amount you can purchase, and it depends on age, gender and state. Please get a quote to see it amounts and premiums available to you for up to 8 units of coverage.

  • Do I have to answer any medical questions?
  • You don't have to answer any questions about your health or take a physical exam. Your acceptance is guaranteed!

  • Is there a waiting period before the full benefit takes effect?
  • Acceptance can be guaranteed because of a limited benefit period for death during the first two years. The full benefit is paid from the very first day of coverage for accidental death.

  • Will my rates go up every year?
  • Once you lock in your premium rate for the benefit amount you want, it will stay the same as long as you keep your insurance.

  • As I get older, will my benefits be reduced?
  • No. After your coverage begins, your benefit will not decrease as you grow older or if your health changes.

  • Will my coverage be cancelled just because I get older?
  • Absolutely not. Your coverage can stay in force as long as you pay your premiums when due.

  • Does this plan pay benefits even if I have other insurance?
  • Yes. This plan will pay benefits directly to your beneficiary in addition to any other insurance you might have.

  • Can I save money by paying annually?
  • Yes. Save a full month's premium by paying annually -- you get 12 month's protection for the cost of 11! And this savings can add up year after year.

  • What if I apply for coverage, but change my mind later?
  • 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.

  • Who do I call for customer service?
  • 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.

  • Does it pay to act now?
  • Your benefit is based on your age when coverage takes effect. The younger you are when your coverage starts, the higher your benefit will be for life.

  • What type of payment options do you offer?
  • We offer several convenient payment options, and with any of them you can pay monthly, annually, quarterly or semi-annually.

    Payment options include:

    • Direct Bill - We'll send you a statement for payment by check or money order.
    • Automatic deduction from your checking or savings account - Many of our policyholders find this to be the most convenient payment method. You'll save time and postage, and you can choose the date you would like to have your payment deducted.
    • Credit Card - We'll charge your premium directly to your credit card, and you'll save time and postage.

  • Can I take a loan against the cash value of my Guaranteed Acceptance life insurance policy?
  • If your coverage is inforce and has a cash value, you may obtain a loan on it. The interest rate is 8% compounded annually. Any loan amount and interest that has not been repaid at the time of death is deducted from the death benefit. Please refer to your policy for more information, or call our toll-free service number.

  • Do you offer online Customer Service?
  • Yes! Customers can register at and see their coverage, premium, cash value and loan information. We also offer online premium payment, and you can email us anytime with questions about your policy.

+ Download Application and Apply Now

Download and print an application. Once you get an instant quote and determine how much insurance to apply for you can then download and print the application. If you would prefer, you can request an application by mail.

Complete and sign the application
Mail to us, along with a check or money order for your first premium. You may pay either monthly or annually. Annual premiums are 11 times the monthly premium.
Call us at 1-877-891-0915 for more information or assistance

+ Additional Product Details

There are no health questions to answer and no physicals to take to purchase this plan. We can guarantee your acceptance because of a two-year limited benefit period. Here’s how it works: If death occurs during the first two years of coverage, the beneficiary will receive the premiums paid plus 7% interest compounded annually. After the first two years the full face amount will be paid.

Immediate Protection For Accidental Death

For death from accidental causes during the first two years, the full-face amount will also be paid. The accident and death must occur while coverage is in force, and death must occur within 90 days of the accident.

Accidental death does not include death resulting from bodily or mental illness or disease, infection, suicide, medical or surgical treatment, voluntary gas inhalation or taking poison, or any act of war.

Benefit Amounts

To see available benefit amounts get an Instant Quote

Age Availability

This coverage is available for ages 50 - 75.

Offered By

Bankers Conseco Life Insurance Company

Home Office:
350 Jericho Turnpike
Jericho, NY 11753

Administrative Office:
399 Market Street
Philadelphia, PA 19106-2181

Individual Policy Form # 15-82-020

Maximum amount of insurance is subject to company guidelines.

Need help or still have a few questions? Call us at 1-877-891-0915

It only takes a few minutes to get the right protection for you and getting a quote is simple and easy.

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If you are not completely satisfied with this coverage, you may cancel at any time within the 30-Day Money-Back Guarantee and receive a full refund.

Bankers Conseco Life Insurance Company, Home of The Colonial Penn® Program
Jericho, New York

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