The Seven Benefits of Life Insurance

Dec. 3, 2010 - Life insurance can serve as the foundation of your family’s financial security. According to the nonprofit LIFE Foundation, life insurance can:

1. Buy time - Allows loved ones to focus on their grief by helping to pay for the funeral and other final expenses.
2. Provide a fresh start - Lets loved ones start with a clean slate by helping to pay off credit card bills, outstanding loans and even the mortgage.
3. Generate income - Helps replace lost income for years to come so that surviving family members can continue to pay for life’s necessities.
4. Offer flexibility - Gives a surviving spouse the chance to take time off from work or to switch to a job that offers a more flexible work schedule.
5. Create opportunities - Can provide funding to start a business, or pay for schooling so surviving family members can train for a new career.
6. Fund the future - Offers a way to fund longer-range goals, like a college education for the kids or a secure retirement for a surviving spouse.
7. Leave a legacy - Gives parents the chance to leave future generations with the legacy of long-term financial security. (Watch the related video, A Legacy of Love.)

Interested in learning more? Schedule a time to talk to your Erie Insurance Agent. Your Agent can help ensure you have the right amount and type of insurance to protect the ones you love.*

Additional information about life insurance is available on this site and at the LIFE Foundation’s Web site, www.lifehappens.org. The LIFE Foundation is dedicated to helping consumers make smart insurance decisions to safeguard their families’ financial futures. It does not endorse any products, companies or insurance advisors.

*Erie Family Life insurance is not available in New York.

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