ERIE Flagship TermTM2 Series

Term life insurance is a popular form of coverage that allows you to purchase large amounts of protection at attractive premium rates. In recent years, many companies have been offering term insurance through a variety of means, including toll free numbers and the Internet.

The ERIE FLAGSHIP TERM2 Series from Erie Family Life provides term life insurance coverage to age 95. The face amount of the policy remains level and the Policy owner selects from a 10, 20 or 30-year level premium period. The premium is projected to remain level for the period chosen and is guaranteed level for the first ten years on all plans. After the first ten years, Erie Family Life may adjust premiums annually, either up or down, but not above the guaranteed maximum premium shown in the policy.

Policy Features
  • Minimum Policy Size: $100,000
  • Rate Classifications: Ultra Select Non-Tobacco, Super Select Non-Tobacco, Select Non-Tobacco, Preferred Non-Tobacco, Select Tobacco and Tobacco
  • Issue Ages:
    • 10 - Year Level Premium: Ages 21-65
    • 20 - Year Level Premium: Ages 21-601
    • 30 - Year Level Premium: Ages 21-502
  • While the policy is in force, you may convert it to cash value life insurance up until the anniversary date on which the insured reaches age 70, without evidence of insurability. We guarantee this conversion privilege regardless of health, occupation, or hobbies.
  • An optional Premium Waiver Benefit allows insurance protection to continue, with no further premium payment necessary, if you become totally disabled for more than six months. If total disability continues to the end of the conversion period, Erie Family Life will automatically convert your policy to a whole life plan and continue to waive all premiums on the new policy for as long as the disability continues.

* This product is not available in all states.
1 21 to 55 in Indiana
2 21 to 45 in Indiana

 

ERIE Target TermSM Series

For many families and businesses, term life insurance plays an integral role in their financial plans by providing significant amounts of protection when it is needed most.

Proceeds can be used to pay bills or generate an income for a family when the breadwinner dies. Or, they can provide the cash needed to keep a business running if the owner or a key employee passes away. Why not consider making the ERIE Target Term Series part of your financial security?

The face amount of ERIE Target Term remains level and the Policy owner selects from a 10, 20, or 30-year level premium period. The premium is projected to remain level for the period chosen and is guaranteed level for the first ten years on all plans. After the first ten years, Erie Family Life may adjust premiums annually either up or down, but not above the maximum premium shown in the policy.

Policy Features
  • Minimum Policy Size: $100,000
  • Rate Classifications: Ultra Select Non-Tobacco, Super Select Non-Tobacco, Select Non-Tobacco, Preferred Non-Tobacco, Select Tobacco and Tobacco
  • Issue Ages:
    • 10 - Year Level Premium: Ages 21-65
    • 20 - Year Level Premium: Ages 21-60
    • 30 - Year Level Premium: Ages 21-50
  • During the first five years the policy is in force you may convert to any permanent insurance plan without evidence of insurability. We guarantee this conversion privilege regardless of health, occupation or hobbies. Those desiring a longer period within which to convert may want to consider our ERIE Flagship Term2 Series.
  • The Accelerated Benefit Rider is automatically added without cost to all ERIE Target Term policies. This rider pays up to 50% of the death benefit (to a maximum aggregate payout of $250,000) to any insured who is diagnosed as being terminally ill and expected to die within 12 months.
  • An optional Waiver of Premium Disability Benefit Rider allows insurance protection to continue, with no further premium necessary, if the insured becomes totally disabled for more than six months. If total disability continues to the end of the conversion period, Erie Family Life will automatically convert your policy to a whole life plan and continue to waive all premiums on the new policy for as long as the disability continues.

* This product is not available in all states.

 

Annual Renewable Term

Annual Renewable Term (ART) provides life insurance for a one-year period, and is guaranteed renewable. Evidence of insurability is not required after the initial issue of the policy, but premiums do increase with age. The policy can be renewed in full through age 95 regardless of health status.

Guaranteed renewability and low initial premiums make ART attractive to many people. It is especially suited for people who have short-term insurance needs. Business owners, for example, can use ART to cover short-term loans. It is also perfect for individuals who want to bridge life insurance coverage while in-between jobs.

Because an ART policy can be converted to permanent insurance at anytime, it is an excellent way to lock-in insurability for someone who anticipates the purchase of permanent coverage in the near future.

To learn more about ART, contact your Erie Insurance agent.

* This product is not available in all states.


 

Loan Protector Series

It is a place where you watch your family grow, share life’s most important moments and make lasting memories.

If your house were destroyed by fire, chances are excellent that it could be rebuilt. If you or your spouse died, your house would still be standing, but your home could be destroyed.

Your ERIE Agent can design a mortgage cancellation life insurance program to assure you that the security of your family’s home will last longer than a lifetime.

The choice is yours.

Erie Family Life offers a variety of mortgage cancellation plans that can be tailored to your individual situation and compliment your homeowners insurance coverage. These plans include:

Custom Loan ProtectorSM

A decreasing annual renewable term plan designed for mortgages of $50,000 or more.
The Accelerated Benefit Rider is automatically added without cost to this plan. This rider pays up to 50% of the death benefit (to a maximum aggregate payout of $250,000) to any insured who is diagnosed as being terminally ill and expected to die within 12 months.

MortgagecoverSM

A decreasing benefit term plan with level premiums.

Joint MortgagecoverSM

A decreasing benefit term plan with level premiums that covers two persons. Joint Mortgagecover pays at the death of the first insured and offers a SIMULTANEOUS DEATH BENEFIT which provides twice the current amount of insurance if both insured's die within 90 days of each other.

Mortgagecover and Joint Mortgagecover may be written with a minimum face amount of $10,000 and a choice of benefit periods including 10, 15, 20, 25, and 30 years. Either plan may be written as a separate policy or as a rider on our Whole Life, 20 Pay Life and Life Paid Up @ 65 Plans. Mortgagecover and Joint Mortgagecover are best suited for mortgages of less than $50,000 and may also include an optional variable interest rate rider which permits adjustments to match variable rate mortgages.

Additional Features

While any of these mortgage life policies are in force, you may convert the current amount of coverage to any form of permanent insurance at your attained age, without evidence of insurability, at any time up to age 60 (age 70 for Custom Loan Protector). We guarantee this conversion privilege regardless of future health, occupation, or hobbies. Erie Family Life does not impose hidden restrictions or conditions to prevent Policy owners from exercising this conversion option.

What if you are totally disabled?

An optional Premium Waiver Benefit to provide continuation of your life insurance coverage is available at the time you purchase the policy. It ensures that the life insurance protection will continue, with no further premium necessary, if you become totally disabled for more than 6 months. If total disability continues to the end of the conversion period, Erie Family Life will automatically convert your policy to a whole life plan and waive all future premiums on the new policy as long as the disability continues.

Why not take time to review your mortgage cancellation insurance needs with your ERIE Agent today?

* This product is not available in all states.