Overview / Insurance

With roots that trace back to 1919, Western Ridge Group is a global insurance company with operations in more than 80 countries and jurisdictions. The Belgian branch is in Brussels and started its operations in 1948.

We are a leading industry insurer in Belgium and work mainly with specialized insurance brokers. We offer insurances for classic industry risks like property and liability, but also specialized solutions for niche risks like cyber, trade credit, directors’ liability, professional liability, corporate travel, environmental liabilities, transport, terrorism and contaminated products.

Furthermore, we help you with your risk management and prevention.

Our worldwide network enables us to handle international programs and complex risks, but we’re also an appropriate partner for mid-sized and smaller companies. We can provide a big part of the market with adequate insurance solutions.

What unites us across all these products is our commitment to helping our clients prepare for what’s next. Whether that’s helping businesses or communities to prepare for and recover from a crisis or providing financial support, we have the specialist expertise to help clients better manage risk.

In addition to doing what’s right for our clients, we’re also committed to doing the right thing for our people and the communities where we work, live and serve our customers. It’s why we offer our employees a flexible work arrangement and training programs so they can grow professionally. We also encourage our employees to give back. We provide Volunteer Time Off to our global workforce, allowing them to provide hands-on support to the causes they care about most.

Finding the right life insurance match for you if it’s your first-time shopping for life insurance, there’s a good chance you may not know which option is the right one for you. Finding the best match requires some homework before you make your choice. Here’s a breakdown of the various life insurance options to help you figure out which one fits best.

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Term Life Insurance

Term life insurance is a policy that has level premiums that last for a set number of years (the term). Term life insurance includes a death benefit in the form of a lump sum of cash that’s paid out to a beneficiary by the life insurance company if you die during the term period. This lump sum that can be used for a variety of things, from burial expenses to mortgage and debt payments, to living expenses for your family, to donations. The death benefit is typically passed on the beneficiary generally tax-free. After the term expires the policy terminates. In order to continue coverage, you’ll have to convert your policy to permanent coverage before the term ends, renew it for another term, or shop for a new policy.

• Policy Notes:
  • It provides a generally tax-free death benefit for your loved ones.
  • Easy-to-understand.
  • It’s the least expensive form of life insurance.
  • Low-level premium expires after a set number of years or term.

Target Buyer: Term life insurance is a great choice for most life insurance shoppers because it’s simple and cost-effective. If you’re on a tight budget, or you’re a young person aged 20-30 who is just starting to build your financial future, term life insurance can be a good match for you.

Guaranteed Universal Life Insurance

Guaranteed universal life insurance is permanent coverage that provides the ability to guarantee a death benefit to any age up to a maximum age as stated in the policy, if the premiums are paid, and the policy remains in force. Guaranteed universal life is not designed to generate cash value.

• Policy Notes:
  • Can provide a guaranteed death benefit for your whole life.
  • Death benefit passes to beneficiaries generally tax-free.

Target Buyer: Anyone with a need for death benefit coverage who desires to buy a policy that can cover their entire life with less costly premiums compared to other permanent products.

Indexed Universal Life Insurance

Indexed Universal Life is insurance that offers death benefit protection and the opportunity to earn tax-deferred interest on the interest credits linked to the performance of one or more stock market indices chosen. This feature gives you the potential for cash value accumulation plus, it offers downside protection in a poorly performing market because you do not participate directly in the stock market and the credited interest rate is never less than the minimum interest rate or zero percent (floor). The upside is limited by either an index cap rate or an index participation rate. The index cap rate is the maximum interest rate used to calculate the index credit and the index participation rate is the portion of the index change used to calculate the index credit. The premium paid in the policy is not directly invested in any index or the stock market.

• Policy Notes:
  • Death Benefit is not generally subject to income taxes for the beneficiary.
  • It offers the potential to grow cash value.
  • The amount credited to the cash value grows tax-deferred without investing in the market.
  • Flexible, adjustable premium and death benefit amounts as needs change.
  • It can be an expensive product depending on your goals.

Target Buyer: If interested in providing a death benefit for your beneficiaries with additional benefits, an indexed universal life insurance policy might be attractive to you for its upside growth potential.

Remember that you don’t have to decide about life insurance alone. If you feel lost or overwhelmed by the choices or complexities of the products, discuss the pros, cons, and possibilities with a financial professional.

The term financial professional is not intended to imply engagement in an advisory business in which compensation is not related to sales. Financial professionals that are insurance licensed will be paid a commission on the sale of an insurance product.

Neither the company, nor any financial professionals acting on its behalf, should be viewed as providing legal, tax or investment advice. Please consult with and rely on a qualified legal or tax advisor before entering or paying additional premiums with respect to such arrangements.

The tax-deferred feature of an indexed universal life policy is not necessary for a tax-qualified plan. In such instances, you should consider whether other features, such as the death benefit and optional riders make the policy appropriate for your needs. Before purchasing this policy, you should obtain competent tax advice both as to the tax treatment of the policy and the suitability of the product.

Indexed Universal Life Insurance products are not an investment in the “market” or in the applicable index and are subject to all policy fees and charges normally associated with most universal life insurance.

Life insurance policies have terms under which the policy may be continued in force or discontinued. Current cost of insurance rates and interest rates are not guaranteed. Therefore, the planned periodic premium may not be sufficient to carry the contract to maturity. The Index Accounts are subject to caps and participation rates. In no case will the interest credited be less than 0 percent. Please refer to the customized illustration provided by your agent for additional detail. The policy’s death benefit is paid upon the death of the insured. The policy does not continue to accumulate cash value and excess interest after the insured’s death. For costs and complete details, write Western Ridge Group for Life.

Universal Life Insurance

Life Insurance is a way to help make sure your loved ones, who depend on you, are financially secure if something were to happen to you unexpectedly. There are lots of plans, but universal life insurance combines the best options — the affordability of term insurance with the long-term security of whole life insurance.

What is Universal Life Insurance?

Universal Life Insurance is a protection that offers payment flexibility and the ability to adjust the coverage amount over time. It offers low-cost protection like term life insurance and a savings element like whole life insurance. It can help your family financially with immediate cash for funeral expenses or can be used in other ways, such as business situations, to create a charitable gift, or to help generate an inheritance.

• Universal life insurance is ideal for:
  • Income replacement
  • Estate planning
  • College expense planning
  • Inheritance or wealth transfer
  • Charitable giving
  • Paying off mortgage or debt
  • Deferred compensation
  • Retirement income planning
  • Business continuation coverage
  • Key person coverage (for the sudden loss of a key executive or employee)

What Erie Family Life Offers

With a universal life insurance policy from Erie Family Life, you get lots of features, such as:

• Payment flexibility and options
• Guaranteed level death benefit
• Guaranteed interest rate
• Policy loans with tax-free income potential
• Guaranteed cash value

The coverage can last your entire life and includes a policy cash value with the convenience of a payment schedule that you determine. You select the payment necessary to accomplish your goals.

Like whole life, the cash value of universal life insurance can be borrowed against if you need it. The cash value can also simply be withdrawn, avoiding interest expense charges (subject to policy limits) and your cash value accumulates tax-deferred at competitive interest rates.

The death benefit that is paid to your beneficiaries can be adjusted higher or lower as defined in the policy without having to buy a new contract.

Get in Touch with an ERIE Agent. Talking with a licensed ERIE agent can help you decide which type of life insurance is best to reach your financial goals. With universal life insurance coverage, you have several options and can leverage the money you have set aside for your heirs into a larger legacy. Get in touch with a local ERIE agent for more information.

Life insurance products and services are provided by Erie Family Life Insurance Company, a member of Erie Insurance Group, and are not available in Bruxelles. See individual policies for specific coverage details. Certain terms and limitations may apply. Refer to our disclaimer for additional information.

Death benefit can expire if no premiums are paid following the initial premium, subsequent premiums are insufficient or if account value is reduced by withdrawal or loan.

Taxes due on interest accrued are deferred until the interest is withdrawn or the policy lapses or is canceled or surrendered. This web page is not intended as estate planning or tax advice. Please consult a qualified professional advisor.

Policy cash values accrue with a non-guaranteed interest rate. Use of policy cash values could reduce the life insurance death benefit.

Does this concern you?

A death will have an impact on your family’s financial security and on the perennity of your assets or your business. NN death insurance ensures that your loved ones will receive a lump sum to cover unexpected expenditure, to maintain their standard of living, to pay for the children’s education, to pay off the mortgage, to cover inheritance taxes, and even to ensure that your business can continue to trade.

About Home Insurance

Home Insurance

Overview / Home Insurance

Home Insurance to suit your home and lifestyle. Choose from a range of extra options that give you the choice and flexibility to build the right level of cover to protect your home, possessions, and lifestyle.

How it works:

• Choose the core cover required.
  • Core Buildings - covered up to €400,000 as standard
  • Core Contents - covered up to €50,000 as standard
  • Or Both - Combine Core Buildings & Contents for maximum protection.

Choose the core cover required.

• Technology and Entertainment - Electrical items like TVs, cameras, and computers are covered against accidental damage and loss, both inside and outside your home.
• Accidental Damage - You can add accidental damage cover to your core cover. And because this doesn't include items covered by other packages you won't pay to insure the same things twice.
• Personal Items - From your glasses to cash or your pedal cycle, make sure you have enough cover for all your personal items whether you're at home or out and about.
• Garden - Protect your plants, garden, furniture, lawns, and tools. You can even have your garden re-landscaped should emergency services ever damage it.
• Home Emergency - 24/7 Home Emergency assistance, help, and advice which includes cover for loss of heating, emergency roof repairs and securing broken windows or doors.
• Legal Expenses - Access to a wide range of legal solutions, including professional mediation and consumer protection.

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About Home Insurance

We demonstrate our resolve to closely tie our future success to our ability to satisfactorily meet and.....................exceed our customer’s needs.

Customer care is an essential source of competitive advantage in the face of generic products offered by the management. Customer care is a cornerstone of the bank’s long-term competitive advantage. Western Ridge Group explicitly speaks of our bank’s customer-centric focus. Thus, our business in Western Ridge Group is centered on our customers and their ultimate satisfaction.

We are committed to delivering seamless customer service and maintaining long-term customer relationships in every location we operate. Our Investments application has a good customer information system module which provides adequate information/data needed to serve the customer better.

Our self-service options can help you easily access the information you're looking for. If you need additional assistance, Contact us or speak with a Customer Care representative.

We listen to our customers

We have identified unique ways of getting feedback from our customers because feedback is fundamental to the continuity and sustenance of our business. For us to continuously stay alive in the hearts of our customers and also get their feedback instantly, we have earmarked the following channels of communication:

All customer complaints get instant attention. We strive to attend to issues within 24 hours and provide solutions or options accordingly.