Why Buy ERIEflex Universal Life?

ERIEflex is a Universal Life policy which combines the best features of both term and permanent insurance. It includes life insurance protection and has an account value which is credited with interest at a competitive rate.

The Accelerated Benefit Rider is automatically added without cost to these plans. This rider pays up to 50% of the death benefit (to a maximum aggregate pay-out of $250,000) to any insured who is diagnosed as being terminally ill and expected to die within 12 months.

If you need a life insurance policy that can be adjusted to your changing needs, ERIEflex is just such a policy ... flexible enough to grow as you grow.

• You can choose the amount of protection you want.
• You can adjust the premium payment schedule to meet your needs, subject to minimum and maximum limitations.
• You can change your policy as your needs and responsibilities change.

ERIEflex can be used to:

• Generate retirement income for yourself.
• Establish a college fund for your children.
• Provide family income replacement.
• Pay off your mortgage.
• Provide gifts for children or grandchildren.
• Meet business insurance needs.

Choice of Death Benefit Options

With ERIEflex you have a choice of death benefit options. You can either emphasize cash accumulation or maximize protection. Your choice depends on your objectives. If your needs change, the death benefit option can be changed, subject to policy limitations.

ERIE Family Life offers a variety of mortgage cancellation plans that can be tailored to your individual situation and compliment your homeowners insurance coverage. These plans include:

The Accelerated Benefit Rider is automatically added without cost to these plans. This rider pays up to 50% of the death benefit (to a maximum aggregate pay-out of $250,000) to any insured who is diagnosed as being terminally ill and expected to die within 12 months.

Mortgagecover - A decreasing benefit term plan with level premiums.

Joint Mortgagecover - A decreasing benefit term plan with level premiums that covers two persons. Joint Mortgagecover pays the death of the first insured and offers a SIMULTANEOUS DEATH BENEFIT which provides twice the current amount of insurance if both insureds die within 90 days of each other.

Mortgagecover and Joint Mortgagecover may be written with a minimum face amount of $10,000 and a choice of benefit periods including 10. 15, 20, 25, and 30 years. Either plan may be written as a separate policy or as a rider on our Whole Life, 20 Pay Life and Life Paid Up @ 65 Plans. Mortgagecover and Joint Mortgagecover are best suited for mortgages of less than $500,000 and may also include an optional variable interest rate rider which permits adjustments to match variable rate mortgages.

LevelTerm

The purchase of an auto, boat, or R.V. or home improvement and student loan expenses may signal the need for quality, affordable life insurance to protect your family. The Level Term Series from ERIE Family Life offers four different plans from which to choose. Each one offers low premiums, a valuable conversion feature and coverage periods ranging from 1 year to 20 or longer.

Annual Renewable Term - This plan is designed to cover larger short term obligations or to cover multiple loans.

5 Year Renewable/Convertible Term - An excellent choice for short-term obligations, such as auto, boat or consumer loans. The plan may be renewed to meet longer term needs as well.

10 and 20 Year Convertible Term - these plans are especially useful for personal, home improvement and recreational vehicle loans ranging from 10 to 20 years.

For most people, the need for life insurance may decrease, but if never goes away. As time passes, circumstances and plans change, but the need for protection never disappears. That's why you should consider ERIE Family Life's Permanent Life Insurance Series, which can give you peace of mind with these features:

• Guaranteed life insurance protection that will not decrease.
• Guaranteed cash value that can be borrowed to take advantage of future opportunities or provide for emergencies.
• Guaranteed premium that does not change, regardless of changes in your health.
• Product issue ages and face amounts:
  • Simplified Issue 20-Pay Life, Ages 0-70, Face Amounts $5,000 - $25,000
  • Simplified Issue Whole Life, Ages 0-85, Face Amounts $5,000 - $25,000
  • 20-Pay Life 2006, Ages 0-70, Minimum Face Amount $25,001
  • Whole Life 2006, Ages 0-85, Minimum Face Amount $25,001
  • 20-Pay Life, Ages 0-17, Minimum Face Amount $20,000
• Simplified Issue allows you to apply for life insurance with no medical exam. You will need to answer 6 medical questions to determine eligibility.
• Whole Life 2006 and 20-Pay Life 2006 with face amounts of $50,000 or more have sever underwriting classes available for healthier applicants.
• Simplified Issue 20-Pay Life, 20-Pay Life 2006, and 20-Pay Life allows you to pay premiums for only 20 years while keeping the coverage your entire lifetime.

Everyone, regardless of their age, needs life insurance protection. For young people the need is not measured by current financial obligations, but by what the future may hold.

What makes SupERIEor Start ... the ideal insurance plan for young people?

• Lower premiums
  Life insurance premiums increase with age along with the increase in death rates. Premiums for young children are very low.
• Convertible to Permanent Life Insurance
  Unfortunately, accidents and illness do happen. Insuring a young person when they are in good health assures protection if something should happen to prevent life insurance from being issued in later years. SupERIEor Start is convertible to any of ERIE's permanent policies offered for conversion.
• Immediate life insurance protection
  Available in two amounts: $10,000 or $25,000. (Death benefit is 50 percent of face amount prior to age six months)
• Affordable premiums
  $35 per year for $10,000
  $70 per year for $25,000
• Available for young people ages 15 days through 21 years
• Waiver of premium benefit
  Allows the insurance protection to continue, with no premium payment to continue, with no premium payment necessary, if the insured is disabled for more than six months. As long as the disability continues, the plan remains in effect as if the premiums were being paid. If the premiums are being waived at age 30, the policy will be converted to a whole life plan at a face amount equal to the amount of term insurance in force. Premiums on the new plan will be waived as long as the disability continues.

You have made many important decisions during your lifetime. Just before you retire you are going to be asked to make another one. That decision will affect your monthly retirement income for the rest of your life.

Before you actually retire, you will have to decide what benefit option to select from your qualified retirement plan. Simply put, you have two basic choices:

1. Select a "life only" option that will pay you a monthly retirement benefit as long as you live, and cease upon your death; or
2. Select a "joint life" benefit that will pay you a reduced monthly retirement benefit as long as you, or your spouse, are alive.

Retirees often make this decision at the last minute without fully understanding the various options available to them, including a Pension Maximizer.

What is Pension Maximizer?

Retirees are frequently not aware that they could be giving up as much as 5 percent to 30 percent of their pension income in order to provide a survivor benefit. This reduction is basically a form of life insurance premium payment on the retiree's life.

Retirees can often secure the life insurance necessary to provide a survivor benefit more economically on an individual basis than through the pension plan's joint life option.

A Pension Maximizer allows the retiree to select the maximum, life-only retirement benefit and provides a survivor benefit outside the retirement plan, through individual life insurance.