In today's fast paced world, it's easy to lose track of time. Your decision to protect your family or business is one of the most important decisions you will ever make and should not be put off. Types of coverage include:
Erie Flagship Term2 Series
The life insurance products offered by Erie Family Life are available only through your local independent agent representing the Erie Insurance Group. Erie Family Life is committed to sound underwriting, fair pricing and a prudent investment philosophy. These factors have contributed to our ability to consistently earn an A+ (Superior) rating from the A.M. Best Company. The combination of a quality agency force and the financial stability provided by Erie Family Life assures you that we'll be there when you need us most.
Q: How much Life Insuranse do I need?
A: Try our 5 step Life Insurance Calculator.
Determining
how much life insurance you need is one of the times utilizing an insurance
professional really pays off.
A skilled professional will evaluate your family’s financial needs and
estimate what they would need if you die or are no longer producing income.
An annual cash flow must be determined. Ongoing expenses, such as day care,
tuition, and retire-ment savings must be considered, along with medical bills,
burial costs, and estate taxes.
There is also a re-adjustment period for your family that needs to be considered.
They may want to move to another home. Your spouse may need special training
to prepare for a new career. Many stress management professionals advise a
period of relaxation for the family, such as a vacation.
While some insurance people will advise you to carry five to eight times your
annual salary, this is just a rule of thumb and a crude point from which to
start. A careful needs analysis by a professional is the only proper approach.