DID YOU KNOW? ERIE Family Life Insurance wrote its first policy in 1967. By 1968, we were issuing life insurance in Pennsylvania, Maryland, Virginia, West Virginia, Ohio and the District of Columbia. Before the turn of the decade, the company already showed assets of over $10 million.
In celebration of ERIE Family Life’s 50th anniversary, we’re asking a critical question: Why is life insurance important, anyway?
The answer, it turns out, is probably the same one your loved ones would give you when asked what they want out of life. Whether you want to spare your loved ones the burden of funeral expenses (which average $8,500 for services alone), or ensure mortgage or student loan payoffs (which average $220,000 and $25,000, respectively), or enable a college education for your children (as tuition continues to increases multiple times that the rate of inflation), or simply allow a peaceful retirement for your loved one, the reality is not one of your loved one’s dreams, ambitions or aspirations is possible without some contribution from you.
Life Insurance isn’t about creating the opportunity for someone to live comfortably in the event you die. In a funny way, it’s about grief management. Whether you believe it or not, the loss of you would be unimaginably burdensome for those who depend on you most. Over 50 years, ERIE Family Life has witnessed the peace of mind that Life Insurance can bring to families, and the relief it can provide in the event of a loss.
Doesn’t your family deserve the same opportunities?