Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
Should I Offer My Employees Critical Illness Insurance?
Posted: May 28, 2020
Should I Offer My Employees Critical Illness Insurance?Critical illness insurance is designed to compensate policyholders in a lump payment if they are diagnosed with a range of illnesses as listed in the policy. These policies can also be structured to make a series of payments based on the policyholder’s condition and ongoing medical treatments. Also known as catastrophic illness insurance, it covers major health emergencies, such as heart attack, cancer, or stroke....
What Are The Minimum & Maximum I Can Contribute To My 401(k) Each Year?
Posted: May 13, 2020
What Are The Minimum & Maximum I Can Contribute To My 401(k) Each Year?There is no minimum amount you are required to contribute to your 401(k). However, there are suggested amounts to help maximize your retirement potential. There is a maximum amount you are allowed to contribute to a 401(k) annually, as established under federal law. What Are the Suggested Amounts for 401(k) Contributions? By the time you reach age 35, some financial experts say you should have...
Introducing The “Erie Agents Giving Back” Project
Posted: April 30, 2020
Introducing The “Erie Agents Giving Back” ProjectUnprecedented. Over the past few months, it’s a word that has become a part of our everyday vocabulary. The COVID-19 pandemic has brought on feelings of uncertainty, frustration, exhaustion, and even fear. Despite these unprecedented times, humanity and kindness continue to endure and people have stepped up in extraordinary ways to help those in need. At Erie Insurance, we’ve been committed to the Golden Rule...
How To Clean & Detail Your Car At Home
Posted: April 30, 2020
How To Clean & Detail Your Car At HomeAfter a long winter, chances are your car looks a little worse for the wear. Even if you wash it regularly, months of salt, dirt, and grime can still accumulate in places that aren’t touched by a drive-through car wash. And the interior likely has its share of dirt, crumbs, and coffee stains, too. Having the right auto insurance is one way to protect your...
My 401(k) Is "Frozen" — What Does This Mean & Why Did It Happen?
Posted: April 28, 2020
My 401(k) Is "Frozen" — What Does This Mean & Why Did It Happen?The decision to freeze a 401(k) is made by company management. This often occurs after a merger, while the new company decides what to do with its inherited 401(k) plan. If your 401(k) has been frozen, you won’t be able to make any withdrawals or make any new contributions as long as the freeze continues. In most cases, you can move assets from one investment...
