Universal Life Insurance combines the best of both worlds — the affordability of term insurance with the long-term security of permanent life insurance.
Life Insurance Options
The ErieSecure LifeSM policy provides life insurance coverage that can last your entire life and includes a policy cash value with the convenience of a payment schedule that you determine. And, your cash value accumulates tax-deferred1 at competitive interest rates.
It is ideal for:
- Inheritance or wealth transfer
- Charitable giving
- Business continuation coverage
- Key person coverage
- Guaranteed cash value
- Flexible premiums
- Level death benefit2
- Policy loans available2
With the ErieSecure Life PlusSM policy, you get all the features of ErieSecure Life but you also get earlier access to your funds and the potential to generate larger cash returns that add to the cash value.
It is an excellent choice for:
- College expense planning
- Estate planning
- Deferred compensation
- Executive bonus plans
- Retirement income planning2
- Guaranteed cash value plus excess interest credited to the account value
- Flexible premiums
- Choice of a level or increasing death benefit
- Preferred loan access in year 102
Erie Family Life also offers ERIEflex3 Universal Life and ERIEflex4 Universal Life.
ERIEflex3 Universal Life is designed to accumulate cash value3. You select a premium level that you are comfortable with, and part of your premium can help your policy build cash value. That’s money that could be withdrawn or borrowed in the future if you need it, as long as the required premiums are paid.
ERIEflex4 Universal Life is geared toward lifelong protection. It will remain in force either for your lifetime or for a period of time you choose, as long as the required premiums are paid.
At Erie Family Life,4 we’re here to help you protect your family and give you peace of mind. With these policies, you can leverage the money you have set aside for your heirs into a larger legacy. Your ERIE Agent can help you discover which type of life insurance is best for you. Contact a local ERIE Agent today.
1Taxes due on interest accrued are deferred until the interest is withdrawn or the policy lapses or is cancelled or surrendered.
2Death benefit can expire if no premiums are paid following initial premium, or if no premium, or if subsequent premiums are insufficient or if account value is reduced by withdrawal or loan.
3Policy cash values accrue with a non-guaranteed interest rate. Use of policy cash values could reduce the life insurance death benefit.
4Life insurance and annuity products are not available in New York. See individual policies for specific coverage details. Certain terms and limitations may apply. Refer to our disclaimer for additional information.