Life Insurance

We offer a full line of Life Insurance Policies to meet your specific needs.

• Permanent Life Insurance Plans
  • Whole Life
  • 20-Pay Life
  • Life Paid-Up at 65
• Level Term Life Insurance Plans
  • Five-Year Renewable/Convertible Term
  • Ten-Year and 20-Year Convertible Term

We also offer the following optional protection:

• Accidental Death Benefit
• Waiver of Premium Disability Benefit
• Guaranteed Insurability Option
• Payor Waiver Benefit
• Spouse/Children's Term Insurance
• Children's Term Insurance

Your Agent can give you details on how to use Life Insurance and the available options to design a policy that meets your specific needs.

Permanent Life Insurance Plans

For most people, the need for life insurance never goes away.  As time passes, circumstances and plans change, but the need for protection never stops.  That is why you should consider permanent Life Insurance.

Permanent life insurance plans from Erie Family Life provide:

• Guaranteed coverage that does not decrease and will not expire.
• Guaranteed cash values that can be borrowed to take advantage of future opportunities.
• Guraanteed premiums that do not change regardless of your health.

All of Erie Family Life's permanent life insurance plans give you guaranteed protection, cost, and value.

Whole Life

Erie Family Life's Whole Life policy provides a level death benefit and remains in force for as long as you continue paying premiums.

Whole Life also provides guaranteed cash values that increase every year.  The cash values can be borrowed for opportunities or emergencies.

A Whole Life policy is an excellent choice because it can meet a variey of needs:

• An education fund for your children
• Medical bills, final expenses and estate costs
• Support for those dependant on you

The minimum policy is $5,000 and issue ages are 0 through 80.

20-Pay Life

This is a limited payment permanent life insurance plan.  The death benefit remains level and premiums are payable for only 20 years.

20-Pay Life is an excellent plan for individuals who want lifetime coverage without lifetime premiums.

Cash values increase each year and are available to borrow.

The minimum 20-Pay Life policy is $5,000 and issue ages are 0 through 70.

Life Paid-Up at 65

This plan is also a form of limited payment permanent life insurance.  It combines a level death benefit with level premiums that are payable until age 65.  The minium Life Paid-Up at 65 policy is $5,000 and issue ages are 0 through 55.

Since premium payments stop at age 65, the policy is commonly used for retirement planning.

Level Term Life Insurance Plans

You don't have to spend a lot of money to provide adequate life insurance coverage for your family.  Term life insurance allows you to protect your family without straining your budget.

Term life insurance provides low cost protection for your temporary needs.  ERIE's level term life insurance plans provide the same amount of protection throughout the policy period, generally ranging from 1 to 20 years.  Level term insurance is an affordable option when you need additional coverage for specific needs, such as the time when you are raising a family.

Erie Family Life offers several level term life insurance plans.  One of them is likely just right for you.

Five-Year Renewable/Convertible Term

This is an excellent option for covering short-term obligations, such as auto, boat and consumer loans.  It can be continued to meet longer term needs as well.

• Minimum amount of protection is $10,000.
• Issued for individuals age 15 to age 60.
• Provides level term life insurance protection through age 70, if desired.
• Premiums remain level for five years and then increase every five years, based on your attained age.
• The plan is convertible prior to age 70 to any form of permanent insurance offered by Erie Family Life without evidence of insurability.
• Non-tobacco use rates are available.

Ten-Year and 20-Year Convertible Term

These life insurance plans provide protection for periods ranging from ten to 20 years.  They are especially useful in providing protection for personal and recreational vehicle loans.

• Minimum amount is $10,000.
• The ten-year plan is available to individuals age 15 through age 60, and the 20-year plan is issued from age 15 to age 50.
• Provides level term life insurance protection for either a ten or 20-year period.  Coverage cannot extend beyond age 70.
• Premiums remain level during the period of coverage.
• The plan is convertible anytime during the policy period to any form of permanent insurance offered by Erie Family Life.
• Non-tobacco use rates are available.

We offer a full line of life insurance products for your personal needs.  Your Agent can work with you to obtain the coverage that meets your requirements.