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Term Life Insurance: How Long Should My Coverage Last?

Here’s an obvious statement: the costs of day-to-day living can add up fast. That’s why life insurance is so important. It allows you to protect your family when you’re gone. Think of the impact of losing not only your income but all the other contributions you make to the family. Could they cover the mortgage or monthly bills without you? Do you have enough saved...

Can Life Insurance Cover Student Loan Debt?

What Happens To Your Student Loans If You Pass Away? The short answer: It depends on the type of loans you have. Federal loans: Loans issued directly to a person through the U.S. Department of Education are discharged (“forgiven”) upon that person’s death, once the required documentation is submitted. Read more specifics about federal student loans at StudentAid.gov. Parent PLUS loans: As a type of...

What is a Medicare Supplement Plan?

If you’re approaching your 65th birthday and starting to research options for Medicare, navigating through all of your new health care choices can be overwhelming. In addition to enrolling in a Medicare plan to meet your anticipated needs, you’ll also have to decide if a Medicare Supplement plan is right for you. At Erie Insurance, we’re here to help. Here are some things you should know when considering...

Medicare Supplement vs. Medicare Advantage: What’s the Difference?

Applying for Medicare once you reach retirement age sounds simple enough. But just because you’re covered under the federal health insurance program doesn’t mean you won’t be faced with out-of-pocket costs. With Original Medicare (Parts A and B), you’ll receive coverage for health-related expenses like hospital care, doctor visits, medical procedures and equipment. Like a traditional health insurance policy, Medicare pays its share of the...

Is a Medicare Supplement Insurance Plan Worth It?

When you sign up for Medicare Parts A and B, you also have the option to apply for a Medicare Supplement insurance plan. A Medicare Supplement plan, sometimes called “Medigap,” is a private insurance policy that can help pay for some of the health care costs that Medicare doesn’t cover. But is this coverage really necessary? And more importantly — is it worth it? WHY CHOOSE...