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Life Insurance

Term Life Insurance

Everyone needs financial protection. With term life insurance, you can provide for your loved ones even if … well, you’re not there. It’s not easy to think about, but having a well thought out financial plan is a smart move. Term life insurance can be a cost-effective way to cover expenses like debt, college costs or even replace a wage earner’s income, so your loved ones will not be financially burdened.

What is term life insurance?

To help you determine if term life insurance is right for you, consider the following questions. Do you:

  • Want to assist loved ones with paying funeral costs?
  • Have mortgage or credit card debt that would burden others?
  • Worry about leaving unpaid bills, such as medical expenses?
  • Have household expenses that others would have to pay?
  • Worry that you have no life insurance whatsoever?

If you answered yes to any of these questions, then a term life insurance policy from Erie Family Life2 may be the answer for you. When you buy term insurance, you get to choose how long you need it and how much coverage you want.

With ERIE, you can select from 5-, 10-, 15-, 20- or 30-year plans. We offer two term life insurance plans, including an easy-to-purchase option and level term insurance. 

Level term insurance

ERIE also offers level term insurance. It provides life insurance for the period of time that best suits your needs. You can select from a 10-, 15-, 20- or 30-year plan. Coverage can be purchased starting 15 days from birth, and the face amount of the policy and premium payments remain level for the period of time you select.

You’ll also have the opportunity to convert your term policy to a permanent life plan, which provides coverage for your whole life. We guarantee this conversion privilege regardless of health, occupation or hobbies.1

Term vs. Whole Life Insurance

There are two basic types of life insurance policies -  term life insurance and whole life insurance.


Learn all about the difference and see which policy suits your needs.

Get in touch with an ERIE Agent

To find out if term life insurance is the right solution for you, get in touch with a local ERIE agent for more information. Our independent insurance agents are licensed professionals who can help you review your life insurance options.

  • 1

    The term policy conversion privilege must take place during the level period or before age 70, whichever comes first. The face amount of the replacement policy must be equal to or less than the face amount of the term policy.

  • 2

    ERIE® life insurance products and services are provided by Erie Family Life Insurance Company, a member of Erie Insurance Group, and are not available in New York. See individual policies for specific coverage details. Certain terms and limitations may apply. Refer to our disclaimer for additional information.

Request a Quote

An ERIE agent can help you personalize your life insurance coverage.