Life insurance should be a part of your overall financial plan, but how much do you
need and what policy is right for you? We can help.
The primary purpose of life insurance is to provide capital to your dependents after
you die. The money is an important financial resource. It can help cover funeral
costs, pay the mortgage, provide funds to run the household and ensure that your
dependents aren’t burdened with debt.
Erie Family Life’s line of competitive life insurance products* can provide financial
security for you and your family. Our agency can help you every step of the way.
Types of Life Insurance
There are two basic types of life insurance: temporary and permanent.
- Temporary needs include home mortgages, short-term debt reduction,
family income and educational expenses that can last from as little as one year
to 30 years.
Term insurance provides affordable coverage for a specified number
of years. It is the most cost-effective way to cover costs for loved ones left
behind. There are a variety of plans ranging from an annual renewable term (1-year
plan) to a level term plan that could last 10, 15, 20 or 30 years.
- Permanent needs include those that last for your entire life, or
potentially for periods of 15 years or more. Unlike term, permanent life insurance
builds a cash value that increases the longer the policy is in force. Permanent
needs may include final expenses and funds to cover estate taxes and retirement
Whole life and
universal life plans are ideally suited for meeting these goals. With permanent
life insurance policy from Erie Family Life, you’ll have guaranteed protection for
your entire life.
The proper coverage can make all the difference when it comes to the loved ones you leave
behind. We will help you every step of the way.
Contact our agency today to discuss the life insurance program that best fits your needs.
*Life insurance and annuity products are not available in New York. Refer to our
Disclaimer for additional information.