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This is a limited payment permanent life insurance plan. The death
benefit remains level and premiums are payable for only 20 years.
Twenty (20)-Pay Life is an excellent plan for individuals who want lifetime
coverage without lifetime premiums.
Cash values increase each year and are available to borrow against.
The minimum 20-Pay Life policy is $5,000, and issue ages are 0 through
70.
 | Life Paid-Up at 65 |
This plan is also a form of limited payment permanent life insurance.
It combines a level death benefit with level premiums that are payable until
age 65. The minimum Life Paid-Up at 65 policy is $5,000, and issue ages are
0 through 55.
Since premium payments stop at age 65, the policy is commonly used
for retirement planning.
| Optional Protection |
The following riders are available on most permanent life insurance
plans from Erie Family Life:
Accidental
Death Benefit
Waiver
of Premium Disability Benefit
Guaranteed
Insurability Option
Pay
or Waiver Benefit
Spouse/Children's Term Insurance
Children's
Term Insurance
Your ERIE Agent can
give you details on how to use these options to design a policy to your
specific needs.
| For All Your Insurance Needs -- |
Your ERIE agent offers a full line of life insurance products for
your personal and business needs, including universal life, whole life and level term plans, mortgage insurance
and group life plans. In addition,
your agent can provide you with superior protection for your auto, home,
business and boat. For more information, ask your ERIE
agent.
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Term Life Insurance Plans |
You don't have to spend a lot of money to provide adequate life insurance
coverage for your family. Term life insurance coverage for your family.
Term life insurance allows you to protect your family without straining
your budget.
Term life insurance provides low cost protection for your temporary
needs. ERIE's level term life insurance plans provide the same amount of
protection throughout the policy period, generally ranging from 1 to 20
years. Level term insurance is an affordable option when you need additional
coverage for specific needs, such as the time when you are raising a family.
Erie Family Life offers several level term life insurance plans. One
of them is likely to be just right for you.
| Five-Year Renewable/Convertible Term |
This is an excellent option for covering short-term obligations, such
as auto, boat and consumer loans. It can be continued to meet longer term
needs as well.
Minimum amount of protection is $20,000
Issued for individuals age 15 to 60
Provides level term life insurance protection through age 70, if desired
Premiums remain level for five years and then increase every five years,
based on your attained age
The plan is convertible prior to age 70 to any form of permanent insurance
offered by ERIE
Non-tobacco use rates are available
| Ten-Year and 20-Year Convertible Term |
These life insurance plans provide protection for periods ranging
from 10 to 20 years. They are especially useful in providing protection
for personal and recreational vehicle loans.
Minimum amount is $20,000
The ten-year plan is available to individuals age 15 through age 60, and
the 20-year plan is issued from age 15 to age 50
Provides level term life insurance protection for either a 10 or 20-year
period, but coverage cannot extend beyond age 70
Premiums remain level during the period of coverage
The plan is convertible anytime during the policy period to any form of
permanent insurance offered by Erie Family Life
Non-tobacco use rates are available
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The following riders are available on any Erie Family Life level term
plan:
Accidental Death Benefit
Waiver of Premium Disability Benefit
Spouse/Children's Term Insurance
Children's Term Insurance
Your ERIE agent can
give you details on how to use these options to design a policy to your
specific needs.
| For All Your Insurance Needs |
Your ERIE agent offers
a full line of life insurance products for your personal and business needs,
including universal life, whole life and level term plans, mortgage insurance
plans and group life plans. In addition, your agent can provide you with
superior protection for your auto, home, business and boat. For more information,
ask your ERIE agent.
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