Life insurance

Whole or Term Life Insurance Protects Your Family's Future

Life insurance can get complicated. Simply put, after your demise, life insurance is a way to provide for those who financially depend on you.

There are several types of life insurance, but the two most common are Term and Whole Life.

Term Life Insurance

Term life insurance provides coverage for a set time period, such as 10, 15, or 25 years. As long as the policy hasn’t expired (past the set period) and the premiums have been paid, then the policy will payout to your beneficiary. With typical term life insurance, your policy is renewed year-to-year. Term life is more affordable than whole life insurance but does not have any cash value. Read more ...

Cheap Life insurance: is it worth it?

A low premium is only one factor in selected a life insurance policy. Make sure that the company you are purchasing life insurance from is highly rated and that the payout will meet your beneficiaries’ needs.

Erie Insurance Group is a Fortune 500 company and has earned A.M. Best’s rating of A+ (Superior). Erie Family Life Insurance Company has earned A.M. Best’s rating of A (Excellent). Also, with an Erie Life Insurance policy, you may be able to save with a multi-policy discount.

Whole Life Insurance

Whole life insurance covers your entire lifetime, as long as you keep paying your premiums.

Whole life insurance also includes an investment component. It will have a fixed interest rate that builds cash value over time, as you pay your premiums. With some whole life policies, you can make withdraws from this policy.

Life insurance and financial planning

Along with your savings accounts, retirement plans, estate planning, and real estate (such as your home), life insurance can play an integral part of your financial security and the financial security of your loved ones.

The type of life insurance that you need depends upon your situation and financial goals. A good place to start is to determine who depends upon your income and how long they will need it.

Estimate your coverage needs with our life insurance calculator. It is fast, private, and no obligation.

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serving pA and oH Since 1943

Located in Rochester in the heart of Beaver County, Pennsylvania, S. E. Snyder Insurance Agency offers a great variety of products from industry-leading carriers.