Do you have coverage or life insurance in place to minimize the financial burden on your loved ones in the event of premature death? Life insurance is an easy and inexpensive way to protect your family's long-term financial stability. There are two basic types of life insurance needs: temporary and permanent.

Temporary needs include home mortgages or short-term debt reduction, family income and educational expenses and can last as little as one year or as long 20 or 30 years or longer.  Term insurance is the most cost effective method of insuring many short-term needs.  Erie Family Life offers 10, 15, 20 and 30 year term products.

Permanent needs include those that last for your entire life or potentially for periods of 15 years or more.  Permanent insurance needs include final expenses, funds to cover estate taxes and retirement savings protection.  Erie Family Life offers both Whole Life and Universal Life products that are ideally suited to meet these needs.

The primary purpose of life insurance is to provide cash for your family in the event of your death.  This will ensure they can remain in their home and continue to maintain an adequate standard of living.  There are a number of factors that determine the cost you pay for life insurance including:

• Age 
• Health
• Tobacco Use
• Occupation
• Hobbies