Investments: Anuities, Life Insurance, IRA's

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Established in 1972
2754 South Park Road · Bethel Park, PA 15102 · bfa@pghfamily.net

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annuity

With an annuity you simply set aside a sum of your money in order to generate a periodic income. There are two phases to an annuity. The accumulation phase is when premium payments accumulate interest earnings. The payout phase is when a sum of money is paid out over a desired benefit period.

Both the accumulation phase and the payout phase of an annuity are extremely flexible. For example, the accumulation phase may consist of a single premium payment or a series of periodic premium payments. Also, the accumulation period may be as short as thirty days, or as long as fifty years or more. The payout period may be for a period as short as five years, or for the entire lifetime of the annuitant.

Whatever your situation calls for, an annuity from ERIE Family Life can be tailored to meet your needs.

Will your pension fall short of providing you with enough retirement income?
Are you concerned about the future of Social Security?
Is the idea of tax-deferred earnings attractive to you?
Do you have money that you want to save for the future?

If you answered yes to any of these questions, an annuity from ERIE Family Life may be just right for you. It offers:

A competitive return on your money
Safety of principle and interest
Tax-deferred earnings
A periodic income you cannot outlive

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life

Buying life insurance is not like any other purchase you will make. When you pay your premiums, you're buying the future financial security for your family that only life insurance can provide. Among its many uses, life insurance helps ensure that, when you die, your dependents will have the financial resources needed to protect their home and the income needed to run a household. It can also provide the income necessary to provide childcare and help with the many household duties in the event of the death of a caregiver.

Choosing a life insurance product is an important decision, but it often can be complicated. As with any major purchase, it is important that you understand your needs and the options available to you.

Life insurance is an essential part of financial planning. One reason most people buy life insurance is to replace income that would be lost with the death of a wage earner. The cash provided by life insurance also can help ensure that your dependents are not burdened with significant debt when you die. Life insurance proceeds could mean your dependents won't have to sell assets to pay outstanding bills or taxes. An important feature of life insurance is that there is no federal income tax on proceeds paid to beneficiaries.

Several of the life insurance products offered by ERIE Family Life Insurance Company include:

	Term Insurance
	Whole Life Insurance
	Universal Life Insurance
	Variable Life Insurance

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ira

A Traditional Individual Retirement Annuity is a personal retirement plan. Like all such plans, a Traditional IRA is designed to help you accumulate money for retirement. It can help you save for retirement in several ways. For example:

	If you qualify, you can deduct your Traditional IRA contributions for federal income tax purposes.
	Interest earnings on a Traditional IRA are tax-deferred until you take them out.

Retirement can be the greatest years of your life. Start preparing now by saving with a Traditional Individual Retirement Annuity from ERIE Family Life. It's a great idea!

	Flexibility of Premium Payments - You can establish a Traditional Individual Retirement Annuity with a one-time premium payment, or a Flexible Premium Retirement Annuity designed to accept periodic contributions.
	Flexibility of Settlement Options - You can select from a variety of settlement options that can be tailored to your situation. You can even select an income option that provides you an income you cannot outlive.
	Optional Waiver of Premium Benefit - This benefit provides for the continuation of premium payments should you become permanently disabled as provided for in the contract.
	No "Front-End" Loads or Expense Charges - The only charge applicable to an ERIE Family Life Annuity is a graded surrender charge imposed on partial or complete surrender made within the first five years of the contract.
	Proceeds Not Subject to Probate - Proceeds paid to a named person as a result of the annuitant's death are not subject to probate.

The Bill Flinn Insurance Agency can provide the necessary information and procedures to start an ERIE Family Life Traditional IRA or purchase an Annuity or Life Insurance today.

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Life Insurance On Line Request

Please fill out the following information to receive a quote for Life Insurance from one of our professional agents.

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**Disclaimer: This information is for quotation purposes only and not an offer of coverage. Actual coverage is not in effect until an application is signed by you and accepted by us.

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