Life Insurance
We have types: Permanent Life, universal Life and Erie Flagship Term Plus.
Flagship Term Plus: is fully convertible to any form of permanent insurance currently being offered by the company for conversion. coverage may be converted during the guaranteed premium period, or prior to age 70, whichever comes first. For an additonal premium, you may add a CHildren's Term Insurance Rider that covers all children between the ageas of 15 and 18 years for 1k to 5k of coverage. Once they reach the coverage amount to a macium of 25k regardless of health, occupation or hobbies.
All Erie Flagship Term Plus policies include an Accelerated Benefit Option Rider. SHould the insuraed be diagnosed a terminal illness and not expected to live more than 12 months, they can exercise the ABO and receive up to 50% of the face amount in a lump sum (subject to a total maximum of 250k per person.
You may also add a Waiver of Premium Disability Benefit Rider that will pay your policy premium in the event of total disability. Should you become totally disabled while your policy is in force, Erie Family Life will waive your premiums after 6 consecutive months of disability and pay the premiums as long as you are totally disabled.
Security. The key reason for puchasing life insurance is to provide peace of mind and security ofr your family. As part of Erie Insurance Group, Erie Family LIfe has been providing thousands of families with quality life insurance protection since 1967. Erie Family Life consistently receives top rankings from independent industry analysts and rating services.
Erie Flagship Term Plus offers guaranteed level preumiums for 20-30 years. The plans are designed to protect you, your family or your business. Coverage needs can include:
* Final expenses
* Loss of income
* Mortgage or debt pay-off
* Education expenses
* Business planning needs
Permanent Life:
Guarantees are important. For most people, the needs for life insurance may decrese, but it never goes away. As time passes, circumstances and plans change, but the need for preotecion never disappears. That's why you should consider Erie Family Life's Permanent Life insurance series, which can give you a peace of mind with these features:
* Guaranteed life insurance protection that will not decrease.
* Guaranteed cash value that can be borrowed to take advantage of future opportunities.
* Guaranteed premium that does not change, regardless of changes in your health.
* Minimum policy size is $5,000
Issue Ages:
Whole Life- Ages 0-80
20-Pay-Life- Ages 0-70
Life Paid-Up at 65- Ages 0-55
Erie Family Life's Permanent Life Insurance Series offers a choice of three plans. WHole life provides a level death benefit for life and remains in force through age 100, as lon as you continue paying premiums, The 20-Pay Life and Life Paid-Up at 65 plans are designed for individuals who want lifetime protection without paying lifetime preumiums. Each plan can help you meet a variety of needs, including:
* Funding for your children's education
* Payment of medical bills, final expenses and estate settlement costs
* Financial support for you dependents.
* Supplemental retirement income.
Universal Life:
What is universal LIfe insurance? Universal life insurance provides financial security for your family or business by combining the best features of term and permanent life insurance. It includes life insurance protection with an account value that earns tax-deferred interest. IT can also be adjusted to meet your changing needs. Choose the amount of protection you want and design a premium schedule to match your budget. Why buy universal life?
* To fund your children's education.
* To provide financial support for you depenedents.
* To supplement your retirement income.
* To satisy business obligations.
Erie Family Life offers two universal life plans. Erieflex is our traditional plan, while Erieflex2 is designed for individuals who need larger amounts of protection. With either plan, cash values can be borrowed or withdrawn for emergencies or to take advantage of financial opportunities.
Policy Features:
Minimum Policy Size
ErieFlex $20,000 ($10,000 for age 55 and older)
ErieFlex2 $100,,000 ($50,000 for age 55 and older)
Rate Classifications:
Erieflex Non-Tobacco, Tobacco
Erieflex2 Select, non-Tobacco, Tobacco<
Issue Ages:
15 days through age 85 for each plan
Death Benefit Options:
Option A (level)
Option B (increasing)
Interest Rates:
Both plans credit a guaranteed minimum interest rate for your lifetime.
Both plans earn a current interest rate if higher than the guaranteed minimum.
Coakley Insurance Group offers a full line of insurance products for your home, business, life, auto, boat and many other needs. And since we represent a number of well establised and trusted companies, we can find the best coverage at a competitive price.
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If you are a renter, you need insurance! Many renters think that their landlord's insurance policy will pay for damages to your belongings, but that's simply not the case. The landlord's policy will only cover the structure.
