Permanent Life Insurance

For most people, the need for life insurance may decrease, but it never goes away. As time passes, circumstances and plans change, but the need for protection never disappears. ThatÂ’s why you should consider Erie Family Life’s Permanent Life Insurance Series, which can give you peace of mind with these features:

Policy Features
  • Guaranteed life insurance protection that will not decrease.
  • Guaranteed cash value that can be borrowed to take advantage of future opportunities.
  • Guaranteed premium that does not change, regardless of changes in your health.
  • Minimum policy size is $5,000.
  • Issue Ages:
    • Whole Life: Ages 0-80
    • 20-Pay Life: Ages 0-70
    • Life Paid-Up at 65: Ages 0-55
  • Erie Family Lifes Permanent Life Insurance Series offers a choice of three plans. Whole Life provides a level death benefit for life and remains in force through age 100, as long as you continue paying premiums. The 20-Pay Life and Life Paid-Up at 65 plans are designed for individuals who want lifetime protection without paying lifetime premiums. Each plan can help you meet a variety of needs, including:
    • Funding for your children's’ education.
    • Payment of medical bills, final expenses and estate settlement costs.
    • Financial support for your dependents.
    • Supplemental retirement income.
The Accelerated Benefit Rider is automatically included without cost on all Permanent Life Insurance policies. This rider pays up to 50% of the death benefit (up to a maximum aggregate amount of $250,000) to any insured who is diagnosed as being terminally ill and expected to die within 12 months of diagnosis.

Other Options
  • Waiver of Premium Disability Benefit Rider (ages 15-55)
  • Accidental Death Benefit Rider
    • ages 5-60 Whole Life, 20-Pay Life
    • ages 5-55 Life Paid-Up at 65
  • Guaranteed Insurability Rider (ages 0-37)
  • Payor Waiver Rider (At insured’s age 0-14)
  • Spouse/Children’s Term Insurance Rider
  • Childrens Term Insurance Rider
  • Mortgagecover Rider
    • Whole Life
    • 20-Pay Life for 20 years or less
    • Life Paid-Up at 65 when coverage does not run beyond age 65