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Home » Life Insurance » Universal Life Insurance

Term Life Insurance

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.

A return of premium rider is also available on the 15, 20 and 30-year plans. This rider provides a full refund of premium, rider and policy fees if the policy remains in force at the end of the level term 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:
    • Return of Premium This rider provides a full refund of premium, rider and policy fees if the policy remains in force at the end of the level term period.
    • 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.

* Erie Family Life products are not available in all states.
** The Return of Premium Rider is not available in Pennsylvania.

 


Laskowski Insurance Agency : 4620 Buffalo Road : Erie, PA 16510 USA

814-897-8467 : Toll Free 1-866-897-8467 : FAX: 814-897-8537

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