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Erie Life Insurance
About the Company
Erie Life Insurance Company was founded in 1925 in Erie, Pennsylvania. Erie currently has operations in Illinois, Indiana, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin, and the District of Columbia. They have 3.7 million in policies in force.
Erie is the 24th largest property/casualty insurance group based on 2005 Policyholder surplus, and the 23rd largest property/casualty insurance company in the U.S. based on lines of premiums written. According to Fortune magazine, Erie is the 421st largest U.S. corporate group in terms of revenue. It is the 120th largest life insurance company based on admitted assets, and the 139th largest life insurance company based on premiums written.
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Term Life Insurance Products
Erie Life Insurance Company offers the following term life insurance products:
Erie Flagship Term Plus
- The minimum policy size is $100,000
- The 20 year policy is issued to people aged 18-60.
- The 30 year policy is issued to people ages 18-50.
- The policy is convertible without evidence of insurability if the policyholder is less than 70 or during the guaranteed level premium period. The policy may be converted to a permanent policy.
- The Premium Waiver Benefit is available. This benefit allows your policy to continue if you become disabled for six months and can no longer pay your premiums.
Erie Flagship Term 2
- The minimum policy size is $100,000.
- The Premium Waiver Benefit is available.
Annual Renewable Term
- This product has a one year term.
- It is renewable each year, regardless of health status.
- Premiums are subject to increase each year.
Custom Loan Protector: This product is a mortgage protection program
SupErieor Start
- This policy is available for people aged 15-21.
- It comes in amounts of $10,000 and $25,000.
- It has a Waiver of Premium benefit.
Erie Financial Ratings
A.M. Best: A+ (Superior)
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Term Life Insure provides free information concerning insurance products and services, but is not an agency or an insurer. We are not associated with the company or companies profiled on this page and we make no representation, express or implied, that you will receive a quote from the company profiled herein. Products may not be available in all states. Please speak to your insurance agent or carrier directly for more information.
