Life Insurance

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Estimate your coverage needs with our life insurance calculator. Fast, private, and no obligation to send to an agent.

It costs $245k

to raise a child.

It costs about $7k

for a modest funeral.

It can cost only $14.24

per month for $250,000 in life insurance.

Sources: US Dept. of Agriculture, National Funeral Directors Association, Erie Family Life


See how different types of
Life Insurance stack up.


Term Life

Select from a 10-, 15-, 20- or 30-year plan to protect.

People who need cost-effective protection for loved ones left behind.
Whole Life

Protection with premiums and coverage that are guaranteed to remain the same for your lifetime.

People who need entire life protection for family with a guaranteed premium.
Universal Life Entire life protection; includes a policy cash value with flexible payment schedule.

People who need: 

  • College savings 
  • Estate planning
  • Business planning
  • Additional retirement savings
ERIExpress Life

Easy-to-get, easy-to-afford life insurance with a simple application process and faster approval time.

People who need affordable life insurance and protection for loved ones left behind

See related stories from our blog

Life Insurance life insurance Protect your family with affordable and flexible life insurance coverage from Erie Family Life. Erie Insurance

Complete the from below to find a local ERIE agent and get started.

Do you have a spouse or partner?

Do you have any children?

How much would you need for final expenses?

This covers funeral costs and/or medical expenses not covered by health insurance. $15k is an average, but you might need more (e.g., your family would need to travel for a funeral).

What is your personal annual income?

We’ll use this to help determine your monthly expenses.

Do you have a mortgage?

How much do you owe on your mortgage?

Do you have any student loans?

What’s the total amount of student loan debt you’re responsible for?

This includes existing student loans from a spouse/partner and/or children.

Do you have other debt? For example: credit cards, auto loans, personal loans, medical expenses, etc.

How much other debt do you have?

How much would your family need for added expenses, per month?

Consider expenses like food, utilities, transportation, plus extras like vacation. (Mortgage or other debts are covered separately.)

How many years would they need this added monthly income?

Do you want to contribute to any of your children’s higher education?

How old are your children? Leave unused fields blank.

How old are your children? Leave unused fields blank.

How old are your children? Leave unused fields blank.

How old are your children? Leave unused fields blank.

How old are your children? Leave unused fields blank.

What kind of education? Pick the one your children would most likely attend and we’ll project how much your college education expenses might be.

Do you want to contribute to anyone else’s education? For example: grandchildren, nieces, nephews, etc.

How much would you like to contribute?

Would you like to leave an inheritance or charitable gift? For example: family members, charities, churches, or other organizations.

What’s the total amount you would like to leave?

How much do you already have in life insurance?

For example: a policy provided by your employer.

Do you have other assets that could be used to cover expenses?

For example: savings accounts, stocks, bonds, CDs, etc.

Your results.

Based on your responses, here’s the estimated amount of coverage you may need to keep your loved ones protected:


Your calculations.

Category Amount
Debts & expenses $0
Education $0
Legacy & inheritance $0
Assets $0
Total $0

Your options.

Term life is cost-effective protection for a specified amount of time. Term doesn’t build up cash value. Whole life provides protection as long as you live (premiums must be paid) with a guaranteed level premium. Universal life is a flexible policy with variable premium payments. Typically for people who need college savings, estate planning, business planning, or additional retirement savings. There is cash value.

What’s next?

Your agent can help you choose the policy that best fits you and your family’s needs.

This calculator is a planning tool designed to assist you. The results and explanations generated by this calculator may vary due to your input and assumptions. Erie Insurance does not guarantee the accuracy of the calculations, results, explanations, nor applicability to your specific situation. All projections are hypothetical and we recommend you use this calculator as a guideline only. For a more accurate and detailed analysis specific to your circumstances and needs, contact an ERIE agent or other financial professional.

Here’s the estimated amount of coverage you may need:



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