Term Life Insurance

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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 college for a child in the event of a premature death.

Erie Family Life’s term coverage provides coverage to age 95. The face amount of the policy remains level and the policyowner can select from a 10, 15, 20 or 30-year guaranteed level premium period.

Policy Features

• Minimum policy size: $50,000
  
  
• Rate Classifications: Ultra Select Non-Tobacco, Super Select Non-Tobacco, Select Non-Tobacco, Standard Non-Tobacco, Select Tobacco and Standard Tobacco.
  
  
• Availability of rate classifications varies by issue age and amount of coverage.
  
  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
  • 30 year plan: age 47 (all states) for male Select Tobacco and Standard Tobacco Classes
• While the policy is in force, you may convert it to cash value insurance during the guaranteed level premium period or until age 70, whichever is earlier (guaranteed minimum of 5 years convertibility), without evidence of insurability. We guarantee this conversion privilege regardless of health, occupation or hobbies.
  
  
• Riders Available:
  
  • Premium Waiver Benefit – This rider allows insurance protection to continue, with no further premium payment necessary, if you become totally disabled for more than six months.
  • Children’s Term Insurance Rider – This rider is designed for individuals to include limited amounts of term insurance coverage on their children.