Life Insurance, Erie Insurance, insuranc.#Insuranc

Life Insurance Keeping a Home in the Family Jason and..

Life Insurance, Erie Insurance, insuranc.#Insuranc


Life Insurance

Keeping a Home in the Family

Jason and Amy are raising a family while paying down their mortgage. Whatever happens, they don’t want their children to lose their home or be burdened with their debt.

Jason and Amy purchased 30-year term life insurance policies to pay off their mortgage. Their wish is to have the home passed down to their children.

SuGGESTED SOLUTION

Term Life

Provides coverage of a fixed death benefit amount for a specific period of time.

Leave Them with Memories, Not Bills

David is the primary wage-earner for his family and worries about a time he might not be there anymore. He wants to ensure his family isn’t burdened by costs for his funeral or unpaid medical bills.

David purchased a permanent life insurance policy from Erie Family Life to provide the funds necessary to pay final expenses. He feels better knowing it might help ease their pain during a stressful time.

SUGGESTED SOLUTION

Whole Life

Guaranteed protection with flexible coverage amounts and payment options.

Safeguarding Your Family’s Lifestyle

John and Lisa each contribute to their household of seven. They want to make sure the income they provide today is there for the family should something happen to either of them.

20-year term life plans from Erie Family Life put John and Lisa’s concerns to rest. Each policy can be used to help pay off debt and pay the monthly bills in order to maintain the family’s lifestyle.

SUGGESTED SOLUTION

Term Life

Provides coverage of a fixed death benefit amount for a specific period of time.

What if College Dreams are Cut Short?

James and Mary are proud of their daughter who is in college. They hate to think about it, but what if something was to happen to her? Could they pay off the student loans they cosigned?

College loan protection coverage can protect James and Mary from the added heartache of paying college debt. The 20-year term life insurance policy they selected can be used to pay off student loans.

SUGGESTED SOLUTION

Term Life

Provides coverage of a fixed death benefit amount for a specific period of time.

Planning for Retirement

Like many of us, Michael is looking for a safe way to ensure his dreams of a comfortable retirement become reality. He is planning to save for the future and wants to guarantee an income during his retirement years.

Michael wasn’t sure where to start so he talked to his local ERIE agent. Erie Family Life offers several retirement savings options like annuities, Individual Retirement Accounts (IRAs) and life insurance planning for businesses.

SUGGESTED SOLUTION

Retirement Options

Talk to an ERIE Agent about what retirement savings plan is right for you.

It’s Your Legacy – Pass It On

Barbara has worked hard to build a good life and wants to leave behind a legacy that matters. She would like to establish a plan that would help her family financially and ensure charitable gifts to her favorite organizations.

Barbara purchased a permanent life insurance policy from Erie Family Life that will provide for her family and her favorite charities. It offers guaranteed cash value accumulation and a guaranteed death benefit.

SUGGESTED SOLUTION

Universal Life

Combines the affordability of term insurance with the long-term security of permanent life insurance.

Smart Ways to Help Protect Your Business

Karen and Susan are partners who put their heart and soul into making sure their business thrives. They want to be prepared in case something should happen to one of them or to a key employee.

Karen and Susan talked to their ERIE agent about how to use life insurance for smart business planning. They purchased a universal life policy to provide funding for a buy-sell agreement and key person protection.

SUGGESTED SOLUTION

Life Insurance for Business

Erie Family Life provides insurance solutions for business owners to keep a business going if tragedy strikes.

Calculate Your Needs

How much would you need to leave behind?

$0 based on your responses

This covers funeral costs and/or medical expenses not covered by health insurance.

$15k is an average, but you might need more (e.g., your family would need to travel for a funeral).

Please enter your expected final expenses in thousands of dollars.

Adjust the suggested amount to meet your family’s needs.

Consider expenses like food, utilities, transportation, plus extras like vacations. (Don’t include mortgage or other debts that’s covered separately.)

Based on your responses, here s the estimated amount of coverage you may need:

Keep your loved ones protected.

Your calculations.

Your options.

Term life is cost-effective protection for a specified amount of time. Term doesn’t build up cash value.

Whole life provides protection as long as you live (premiums must be paid) with a guaranteed level premium.

Universal life is a flexible policy with variable premium payments. Typically for people who need college savings, estate planning, business planning or additional retirement savings. There is cash value.

What s next?

Your agent can help you choose the policy that best fits you and your family’s needs.

This calculator is a planning tool designed to assist you. The results and explanations generated by this calculator may vary due to your input and assumptions. Erie Insurance does not guarantee the accuracy of the calculations, results, explanations, nor applicability to your specific situation. All projections are hypothetical and we recommend you use this calculator as a guideline only. For a more accurate and detailed analysis specific to your circumstances and needs, contact an ERIE agent or other financial professional.

By starting over, you ll remove the details that you entered into the calculator and start at the beginning.



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