| Erie Family Life is proud to offer a new lineup of annuities aimed at providing you with new tools for financial security. Discover why annuities are an excellent alternative to low yielding bank CDs or passbook savings accounts. Call Advantage Insurance Agency for more complete information.
The ERIE Flagship Annuity portfolio consists of the following plans:
Flexible Premium Deferred Annuity (FPDA)
Allows you to make scheduled or intermittent payments into a retirement savings plan that will be available when you need it. This plan can also be used as a non-qualified savings vehicle for retirement.
Single Premium Deferred Annuity (SPDA)
If you invest $10,000 to $49,999, a Single Premium Deferred Annuity is an excellent choice.
Enhanced Single Premium Deferred Annuity (Enhanced SPDA)
If you can invest $50,000 or more, Erie Family Life's Enhanced SPDA offers a 2 percent, first-year bonus interest rate and an additional quarter percent interest rate enhancement. The Enhanced SPDA is also a great alternative to taxable certificates of deposits, rollovers from qualified plans or lump sums.
Single Premium Immediate Annuity (SPIA)
The SPIA is an excellent choice for someone who desires an immediate source of income. Income options include period certain, life annuity, life annuity with periods certain and joint and survivor annuity.
These products are not available in all states.
ERIE Flagship Term TM Plus Series
Term life insurance is a popular form of coverage that allows you to purchase large amounts of protection at attractive premium rates. ERIE Flagship Term Plus is Erie Family Life's newest term product and offers fully guaranteed premiums.
ERIE Flagship Term Plus provides term life insurance coverage to age 95. The face amount of the policy remains level and the Policy owner selects from a 20 or 30-year guaranteed level premium period.
| Policy Features |
- Minimum Policy Size: $100,000
- Rate Classifications: Ultra Select Non-Tobacco, Super Select Non-Tobacco, Select Non-Tobacco, Preferred Non-Tobacco, Select Tobacco and Tobacco
- Issue Ages:
- 20-Year Guaranteed Level Premium: Ages 18 – 60
- 30-Year Guaranteed Level Premium: Ages 18 – 50
- 30-Year Guaranteed Level Premium: Ages 18 – 47 for Male tobacco users (all states)
- While the policy is in force, you may convert it to cash value life insurance during the guaranteed level premium period or until age 70, whichever is earlier, without evidence of insurability. We guarantee this conversion privilege regardless of health, occupation or hobbies.
- Riders Available:
- Premium Waiver Benefit – This rider allows insurance protection to continue, with no further premium payment necessary, if you become totally disabled for more than six months.
- Children's Term Insurance Rider – This rider is designed for individuals to include limited amounts of term insurance coverage on their children.
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