Call Us 814-866-8671 ☰ ˟
Logo
Call Us 814-866-8671
  • Home
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Locations
    • Careers
    • Blog
    • Community Involvement
    • Insurance Companies We Represent
  • Products
    • Home & Auto Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Uninsured and Underinsured Motorist
      • Collision Coverage
      • Medical Payments Coverage
      • Minor Violation Forgiveness
      • Classic Car Insurance
      • Rental Reimbursement
      • Motorhome Insurance
      • Vanishing Deductible
    • Home InsuranceImage of right arrow
      • Landlord Insurance
      • Mortgage Protection
      • Property Insurance
      • Homeowner's Liability
      • Scheduled Property Insurance
      • Condo Insurance
    • Life InsuranceImage of right arrow
      • Disability Insurance
      • Group Life Insurance
      • Individual Life
      • Long Term Care
      • Second-to-Die Policy
    • Powersports Vehicle InsuranceImage of right arrow
      • ATV Insurance
      • Boat Insurance
      • Motorcycle Insurance
      • Snowmobile Insurance
    • Other Personal InsuranceImage of right arrow
      • Personal Umbrella & Identity Theft
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Car Dealership Insurance
      • Cargo Insurance and Freight Insurance
      • Catering Insurance
      • Condo Association Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Dump Truck Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Food Delivery and Uber Insurance
      • Food Truck Insurance
      • Fleet Insurance
      • Funeral Home Insurance
      • Handyman Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • HVAC Contractors Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Limousine Services Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Medical Malpractice Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Railroad Contractors Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • Rideshare Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Snow Plow Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tractor Insurance
      • Tow Trucks Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
      • Vineyard & Winery Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Extortion Insurance
      • Fidelity Bonds
      • Leave Management
      • Loss Control Insurance
      • Inland Marine Insurance
      • Kidnapping Insurance
      • Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Ransom Insurance
      • Shipping Insurance
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Surety Bonds
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
    • Coverage for Your EmployeesImage of right arrow
      • Small Business Retirement Plans
      • Employer-Sponsored Retirement
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Disability Insurance
      • Individual Life Insurance
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm and Ranch Insurance
      • Farm Liability Insurance
  • Get A Quote
  • Contact Us
Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Farm Icon

Farm

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business & Commercial Icon

Business & Commercial

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Life Insurance | Mark Bruns Agency - Erie, PA

Life Insurance


Life Insurance Quote Forms

Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.

Life Quote Form

Life Insurance Information

Life insurance provides beneficiaries of the policy with a cash death benefit after the insured person dies. This type of insurance may help your loved ones pay final expenses, provide for everyday living expenses, or boost their savings to increase their financial stability. Beneficiaries of a life insurance policy can use the funds, and the money isn’t taxable. 

At the Mark Bruns Agency in Erie, Pennsylvania, our agents understand how life insurance can contribute to the financial stability of your loved ones. Contact us today to learn more about your life insurance options and get a custom quote. 

How Does Life Insurance Work? 

Your life insurance policy is a contract between you and the insurance company. As the policyholder, you pay a premium with the understanding that if you die while the policy is in force, your loved ones will receive a predetermined cash benefit. 

After your death, your beneficiary submits a claim to receive the payment. 

What Types of Life Insurance Are Available? 

You can choose between two main types of life insurance; term life and permanent life. 

Term Life Insurance 

A term life policy provides a death benefit of a set amount in exchange for regular premium payments. This life insurance is the least expensive option. 

With term life, you decide how long you want coverage. A term policy lasts five, 10, 20, 25, or 30 years. 

Some term life insurance policies are convertible. The policy owner can exchange their term policy for a permanent policy if they agree to pay a higher premium. The policy owner doesn’t have to go through a medical exam to get coverage with a convertible policy. 

Permanent Life Insurance 

A permanent life insurance policy combines a death benefit with a savings component. You pay a single premium (monthly, quarterly, or annually). A portion of that money pays for the life insurance policy, while the rest of the premium funds the savings portion of the account. 

Over time, the savings component of a permanent life insurance policy builds value that the policy owner can eventually borrow against. It’s possible to cash out the policy and receive the value of the policy minus fees if you no longer need the life insurance coverage. 

With permanent life insurance, the coverage never expires. So long as you pay premiums, you can’t outlive the life insurance coverage. 

Other Types of Life Insurance  

There are many types of permanent life insurance, each of which may work well in specific situations. 

Whole or ordinary life insurance: This policy provides a savings account plus a death benefit. Premiums stay the same throughout the life of the policy, and the savings portion grows based on dividends received from the insurance company. 

Universal or adjustable life insurance: This life insurance is more flexible than whole life insurance. You have the option to increase your death benefit if you agree to a medical exam. The cash inside this life insurance policy earns interest at the money market interest rate. You can alter premium payments when there’s enough money in the savings portion of the policy to allow this change. 

Variable life insurance: This type of life insurance allows the policy owner to invest the savings portion of the policy in mutual funds, stocks, bonds, and money market funds, according to their preferences. Some variable policies guarantee that the value of the account will not decrease, even if the investments lose value. 

Variable-universal life insurance: This policy combines the features of a universal life insurance policy with the features of a variable life insurance policy. Policy owners may have the option to adjust death benefits and premiums. They also have control over the investments inside the savings portion of the policy. 

Get a Life Insurance Quote Today 

Call the life insurance experts at the Mark Bruns Agency today to get the life insurance coverage you need. Our agents can help you decide which policy may best meet your needs and help you get a custom quote. 

Contact Us Today!
814-866-8671

Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

4420 Peach Street
Erie, PA 16509

Ph: 814-866-8671 | Fx: 814-866-1535
© Copyright. All rights reserved. | Powered by Insurance Website Builder