Universal Life Insurance

Universal life insurance* provides financial security for your family or business by combining the best features of term and permanent life insurance. It includes life insurance protection with an account value that earns tax-deferred interest. It can also be adjusted to meet your changing needs. Choose the amount of protection you want and design a premium schedule to match your budget.

Why Buy Universal Life?

To fund your childrens’ education.
To provide financial support for your dependents.
To supplement your retirement income.
To satisfy business obligations.
To provide for final expenses and estate settlement costs.

Erie Family Life offers two universal life products. ERIEflex3 – Asset Builder is a flexible premium product designed to build cash value. ERIEflex4 – Protection guarantees death benefit protection at an affordable premium.

Policy Features

Minimum Policy Size

$50,000 for each product

Issue Ages

15 days through age 85 for each product

Death Benefit Options

ERIEflex3
- Option A (Level): death benefit equals the face amount
- Option B (Increasing): death benefit equals the face amount plus account value
ERIEflex4
- Option A (Level) only

Interest Rates

Both products credit a guaranteed minimum 3% interest rate for your lifetime and earn a current interest rate if higher than the guaranteed minimum.

Additional Options

ERIEflex3

Waiver of Deductions Disability Benefit Rider
Guaranteed Insurability Option Rider
Children’s Term Rider
Additional Term Rider
Other Insured Term Rider

ERIEflex4

Waiver of Specified Premium Disability Benefit Rider
Guaranteed Insurability Option Rider
Children’s Term Rider

The Accelerated Benefit Rider is automatically included without cost on all ERIEflex3 and ERIEflex4 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 with a terminal illness and expected to die within 12 months of diagnosis.

Your ERIE Agent can provide details on how to use these options to meet your specific needs.

* Erie Family Life products are not available in New York.

Service Center

Want to talk? Let us know when it's best to call you.