Term Life Insurance
Term life insurance is a popular form of coverage that allows you to purchase large amounts of protection at attractive premium rates. Term insurance is ideal for protecting a mortgage, providing replacement income or funding your child’s college costs in the event of your premature death.*
Policy Features
Erie Family Life’s term coverage offers:
- Coverage up to age 95
- Premiums that remain level during the term period selected
- Term periods that range from 10 to 30 years
- Minimum policy size: $50,000
- Options to convert your term policy to a permanent life policy before the level term ends or before age 70, whichever comes first. Erie Family Life guarantees this conversion privilege regardless of health, occupation or hobbies.
Issue Ages
- Minimum issue age: 15 days
- Maximum issue ages:
- 10-year plan: age 70
- 15-year plan: age 65
- 20-year plan: age 60
- 30-year plan: age 50 or age 47 for male tobacco users
Riders Available
- Premium Waiver Benefit – Allows insurance protection to continue, with no further premium payment required, if you become totally disabled for more than six months.
- Children’s Term Insurance Rider – Covers all children age 15 days through 18 years for $1,000 to $10,000. At age 25, each child may convert up to five times the coverage amount to a maximum of $50,000.
Our agency will help you consider the options. You could also save up to 5 percent on your auto and home insurance policies with a qualifying life policy.
Contact us today to discuss whether term life insurance is the best match for your life insurance needs.
*Erie Family Life products are not available in New York.
