Erie Family Life offers two universal life plans. ERIEflex SM is our traditional plan, while ERIEflex2 SM is designed for individuals who need larger amounts of protection. With either plan, cash values can be borrowed or withdrawn for emergencies or to take advantage of financial opportunities.
- To fund your childrens' education.
- To provide financial support for your dependents.
- To supplement your retirement income.
- To satisfy business obligations.
Minimum Policy Size
ERIEflex $20,000 ($10,000 for age 55 and older) **
ERIEflex2 $100,000 ($50,000 for age 55 and older)
ERIEflex Non-Tobacco, Tobacco
ERIEflex2 Select, Non-Tobacco, Tobacco
15 days through age 85 for each plan
Death Benefit Options
Option A (Level)
Option B (Increasing)
Both plans credit a guaranteed interest rate for your lifetime.
Both plans earn a current interest rate if higher than the guaranteed minimum. ***
We can provide details on how to use these options to meet your specific needs.
- Waiver of Premium Disability Benefit Rider
- Guaranteed Insurability Rider
- Additional Term Insurance Rider
- Other Insured Term Insurance Rider
The Accelerated Benefit Rider is automatically included without cost on all ERIEflex and ERIEflex2 policies. This rider pays up to 50 percent of the death benefit (up to a maximum aggregate amount of $250,000) to any insured who is diagnosed as being terminally ill and expected to die within 12 months of diagnosis.
All interest credited to your ERIEflex SM or ERIEflex2 SM policy accumulates tax-deferred and the death benefit paid to your beneficiary is federal income tax free. An annual report will keep you up-to-date on the performance of your policy.