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:
- New Flexible Premium Deferred Annuity Premiums are guaranteed the current rate for one year from the date of premium payment.
- 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:
- 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 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.