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Erie Family Life Declared Interest Rate for Annuities

Deferred Annuities

Current interest rates, effective November 15, 2022:

  • Flexible premium annuity – 4.40%*
  • Single premium annuity – see chart below

FIRST YEAR INTEREST RATE & RENEWAL INTEREST RATE FOR BALANCE OF GUARANTEE PERIOD

Single Premium

3 Year

5 Year

7 Year

$10,000 minimum

4.20%

4.40%

4.60%

Single Premium

$10,000 minimum

3 Year

4.20%

5 Year

4.40%

7 Year

4.60%

Notes:

  1. New Flexible Premium Deferred Annuity Premiums are guaranteed the current rate for one year from the date of premium payment.
  2. The minimum guaranteed interest rate of 1.00% applies to new issue contracts as of January 1, 2020.

Annuity Payouts

Current interest rates vary depending on benefit length, type of contract, and state of issue: 2.00 to 4.40 percent. 

Notes:

  1. Periodic rate changes do not affect life contingent payouts.
  2. Rate adjustments may affect non-life contingent payouts (interest only payments, payments for a fixed period, etc).

* This product is not available in New York. * 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.