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Erie Family Life Declared Interest Rate for Annuities
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Deferred Annuities
Current interest rates, effective March 14, 2008:
- Flexible premium annuity – 4.40 percent*
- Single premium annuity – see chart below
| Total First Year Interest Rate Including Bonus of Guarantee Period |
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Renewal Interest Rate for Balance of Guarantee Period |
| Single Premium |
3 Year |
5 Year |
7 Year |
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Single Premium |
3 Year |
5 Year |
7 Year |
| $10,000 - $24,999 |
3.65% |
4.10% |
4.40% |
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All Amounts |
3.65% |
4.10% |
4.40% |
| $25,000 - $49,999 |
4.15% |
5.10% |
5.90% |
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| $50,000 - $99,999 |
4.65% |
5.60% |
6.40% |
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| $100,000 and above |
5.15% |
6.10% |
6.90% |
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Notes:
- New Flexible Premium Deferred Annuity Premiums are guaranteed the current rate for one year from the date of premium payment.
- The rates on new Single Premium Deferred Annuity contracts are guaranteed for the period specified, and premiums of $25,000 or more qualify for a first year interest rate bonus. Following the initial guarantee period, the minimum guaranteed interest rate is 3.00%.
- The minimum guaranteed interest rate of 3% applies to new issue contracts as of August 15, 2005.
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Annuity Payouts
Current interest rate, depending on length and type of contract and state of issue: 2.50 – 4.40 percent.
Notes:
- Periodic rate changes do not affect life contingent payouts.
- Rate adjustments may affect non-life contingent payouts (interest only payments, payments for a fixed period, etc).
* This product is not available in all states.
* These rates are guaranteed on initial deposits for one year from the date of deposit, after which they are subject to change.
* These rates payable on new deposits are subject to change at any time.
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