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Erie Life Insurance Review

Erie Family Life Insurance Company does business in only a few states, so you may not be too familiar with the brand.

In this Erie Insurance life insurance review, we explore the company’s life insurance policies, coverage amounts, customer satisfaction reviews, industry rankings and more.

As you compare life insurance companies and the policies available where you live, you can call to chat with a licensed insurance agent who can help you explore the costs, coverages, policy terms and more for the plans available in your area.

Who Is Erie Insurance Owned By?

Erie Family Life Insurance is a subsidiary of Erie Insurance. Erie Family Life Insurance is the branch of the company that sells life insurance. Erie Insurance is ranked #347 on the Fortune 500 list and sells auto, homeowners, renters and business insurance.1

Erie Insurance was founded in 1925 and is headquartered in Erie, Pennsylvania.

Where Is Erie Life Insurance Available?

Erie Family Life Insurance is licensed to sell life insurance policies in 11 states and the District of Columbia:

  • Illinois
  • Indiana
  • Kentucky
  • Maryland
  • North Carolina
  • Ohio
  • Pennsylvania
  • Tennessee
  • Virginia
  • West Virginia
  • Wisconsin 

What Kind of Life Insurance Does Erie Insurance Sell?

Erie Insurance sells term, whole and universal life insurance. 

Erie Term Life Insurance

Erie Insurance sells term life insurance with term lengths of 5, 10, 15, 20 or 30 years. They offer two different options that include an easy-to-purchase plan and a level term policy that features fixed premiums for the life of the coverage. 

Erie Whole Life Insurance

Erie Insurance whole life insurance policies provide permanent protection with a guaranteed cash value that can be borrowed against. Premiums remain level, and death benefits can be accelerated upon a terminal illness diagnosis. 

Coverage amounts range from $10,000 to $10 million. 

Erie Universal Life Insurance

A universal life insurance policy from Erie Insurance features flexible payment options, guaranteed level death benefits, tax-free policy loans and guaranteed cash value and interest rates. 

ERIExpress Life

ERIExpress Life is a type of policy that offers either term or whole life insurance through a simple application process that involves no medical exam and a faster approval time. Coverage amounts range from $10,000 to $500,000, and an accelerated death benefit rider is automatically included. 

Can I Withdraw Money From My Erie Insurance Policy?

Erie Insurance provides whole life insurance that includes a cash value that may be borrowed against, along with universal life insurance that affords the same. This means you can take a loan from each type of policy, which isn’t the same as withdrawing money from your policy’s death benefits.

Erie Insurance offers certain riders that may allow early access to death benefits under qualifying circumstances.

Does Erie Life Insurance Have Any Riders?

Riders can be added to a life insurance policy to add more coverage or address specific needs. Erie Insurance has four available types of riders.

Child Term

A child term rider adds children under 18 to the policy with $10,000 of death benefits. The policy ends when the child turns 25, at which time it may be converted to another policy. 

Accelerated Death Benefits

If you become terminally ill with a life expectancy of two years or less, you may access some of your death benefits while you are still living. Erie offers this rider at no additional cost. 

Long-Term Care 

The Erie Insurance long-term care rider provides financial support if you require long-term care from a nurse or aide following an accident or illness. 

Guaranteed Insurability

This rider allows you to purchase additional coverage at certain stages of life without any additional underwriting. 

Are Erie Insurance Rates Competitive?

Erie Insurance advertises $250,000 worth of coverage for $14.24 per month but does not specify the type of coverage nor the term length. At that price point, Erie may be competitive with other life insurance companies, but it depends on what policies are available where you live.

If you’re ready to compare life insurance quotes, you can call to chat with a licensed insurance agent or request a free quote online.

Is Erie a Reputable Company?

According to the National Association of Insurance Commissioners’ Complaint Index Report, Erie has a rate of customer complaints that sits below the industry average, which means they offer strong customer service and have a high level of customer satisfaction. 

Erie Life Insurance has a Consumer Affairs rating of four stars out five, which is above the industry average. Erie Insurance Group has an A+ rating with the Better Business Bureau, based on its reviews.   

Erie Insurance Group was named by Forbes in 2022 as one of America’s Best Insurance Companies

From a financial perspective, Erie Family Life Insurance Company has earned AM Best’s rating of A (excellent).2

How Long Does it Take Erie to Pay Out Claims on a Life Insurance Policy?

Erie Insurance does not give out any specific timeline for paying out death benefits, but they do offer free online instructions on how to file an Erie life insurance claim.

Is Erie a Good Life Insurance Company?

Erie Insurance offers a limited range of products when compared to some larger life insurance companies, but may be just right for those looking for basic coverage without all the bells and whistles.

One drawback of Erie Family Life Insurance is that the products are only available in 11 states and the District of Columbia, which means many consumers are left without access to the company’s coverage. 

A licensed insurance agent can help you compare free quotes from other insurance companies that offer policies in your area. 

1 Erie Insurance. (June 2, 2021). Erie Insurance ranked #347 on 2021 Fortune 500 list.

2 Erie Insurance. Awards and Rankings. Retrieved March 30, 2022, from


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