Prepare for what’s next
Flexible Premium Deferred Annuity (FPDA)
Saving for the future
Our tax-deferred annuities provide competitive interest rates for five- or eight-year periods.
You can make contributions in a lump sum or a series of payments in either qualified retirement plans or non-qualified accounts. This product is an update of the Preferred 5 and Preferred 8 that you love*, with new features.
* GBU annuities were rated 4 or 5 out of 5 for product quality by 97% of respondents to GBU Life’s 2022 Member Survey.
Flex Guard Preferred 8
Minimum initial deposit: $10,000
Maximum 1st-year deposit: $3,000,000 (without pre-approval)
- Future deposits accepted up to $1,000,000 per contract year without starting a new surrender period
10% penalty-free annual withdrawals of the account value each Contract Year. During any Contract Year in which this waiver is not used for the preceding year, 20% of the account is available without incurring a surrender charge
Joint Ownership available for Non-Qualified Accounts
Includes Living Benefits: Critical Illness, Cognitive Impairment, Nursing Home Confinement and Home Health Care
Flex Guard Preferred 5
Minimum initial deposit: $1,000
Maximum 1st year deposit: $3,000,000 (without pre-approval)
Future deposits accepted up to $1,000,000 per contract year without starting a new surrender period
- 10% penalty-free annual withdrawals of the account value each Contract Year. During any Contract Year in which this waiver is not used for the preceding year, 20% of the account is available without incurring a surrender charge
Joint Ownership available for Non-Qualified Accounts
Includes Living Benefits: Critical Illness, Cognitive Impairment, Nursing Home Confinement and Home Health Care
Interest rates are determined by date of receipt of deposit. Rates are subject to change without notice. Benefits may be taxable. During the surrender charge period, withdrawals exceeding 10% will be subject to a surrender charge that may be higher than fees associated with other types of financial products and may reduce principal. See the surrender charge schedule and contract for specific details. Annuities are not short-term products. Withdrawals prior to 59½ may be subject to IRS penalties, separate from the annuity’s schedule of surrender charges. The free look period is 10 days or 30 days for replacements unless noted herein. Withdrawals for amounts over those allowed during the guaranteed period are subject to surrender charges defined in the contract. The payout amount you will receive is based on your individual circumstances, the options you select at the time of application and your initial premium payment. Effective annual yields will be lower if withdrawals are more than annually. After the first contract year, annual deposits are limited to $1,000,000 for both products. The maximum issue age is 95. The first-year declared interest rate is guaranteed for the first contract year only and is separate from the guaranteed minimum rate of 2.00% and 1.65%, respectively, which is effective for all contract years. NOT A DEPOSIT OF A BANK AND MAY LOSE VALUE-NOT BANK GUARANTEED. Contract Form Series: ICC22_FPDA_CON_(01-22), FPDA_CON_(01-22)_FL, ICC22-SPIA_CON_(01-22), SPIA_CON_(01-22)_FL.
Flex Guard Classic Annuity
The Flex Guard Classic Annuity is a two-year flexible premium deferred annuity designed to meet the liquidity and investment needs of institutions and High Net Worth Individuals (HNWIs). There is no surrender charge, but rather an excess interest charge for withdrawals made within the first two years. The account is fully liquid after the second year. The Flex Guard Classic aligns to the needs of municipalities and institutions that require liquidity but need and want to earn a competitive interest rate. For HNWIs that need and want the security of having cash available, this product can help achieve that objective.
Minimum initial deposit: $500,000
Maximum 1st-year deposit: $5,000,000 (without pre-approval)
- Future deposits accepted from $500,000 to $2,000,000 per contract year without starting a new surrender period
If a withdrawal is made within the first two (2) years, only the minimum guaranteed rate of (.50%) interest will be paid on the amount withdrawn from the date of inception to the date of the withdrawal. Withdrawals after the second policy anniversary are not subject to a withdrawal penalty
Joint Ownership available for Non-Qualified Accounts, spouse only.
Interest rates are determined by date of receipt of deposit. Rates are subject to change without notice. Benefits may be taxable. The first-year declared interest rate is guaranteed for the first contract year only and is separate from the guaranteed minimum rate of 0.50%, which is effective for all contract years. The contract will automatically renew at the then-current rate until surrendered or reaches maturity. Effective annual yields will be lower if withdrawals are more than annually. After the first contract year, annual deposits are limited to $2,000,000.GBU and its agents do not provide tax, legal or investment advice. Please consult with a legal or tax professional prior to the purchase of any contract. Annuities are not short-term products and are issued by GBU. Withdrawals prior to 59½ may be subject to IRS penalties. Products and features may not be available in all states. This is a summary of the contract provisions. Please refer to the contract for details of surrender charge schedule, benefits and exclusions. The maximum issue age is 95. Contract Form Series: ICC22_FPDA_CON_(01-22), FPDA_CON_(01-22)_FL.
We help deliver stability in an uncertain world
Throughout our 130-year history of navigating challenging events and volatile markets, GBU Life has fulfilled countless commitments from added financial protection for young families through increased security for retirees, and every dream in between.
With a culture rooted in deliberate risk management, we strive to deliver competitive rates and share favorable results with our members.
Member policies are backed by GBU Life’s consistently growing asset portfolio of $3.8 billion.
Our record $266 million surplus, the amount we hold over and above our member benefit reserves, helps to provide even more security.
Standing behind every $100 of GBU Life policy obligations is $108 in assets. This solvency ratio of 108 percent means GBU Life can more than meet our commitments.
Asset portfolio, surplus and solvency ratio information is as of 12/31/21.
CAGR is Compound Annual Growth Rate of surplus or assets, as applicable, and was calculated for the period 12/31/17 through 12/31/21. Assets and surplus for each year is as of 12/31/21.
Insurance that makes a difference
At GBU Life, we specialize in life insurance and annuity products to help protect families and anchor retirements.
We do things differently at GBU as we don’t have shareholders. We don’t have clients. Instead, we have members—members who come to GBU Life to add security to their futures, build their legacies and impact the communities around them.
From the start, GBU Life has been member-owned and member-driven. As a not-for-profit company, we emphasize value—and values. Our members can realize their financial protection goals and give back to people and causes that matter most to them.
AM Best recognizes GBU Life’s fiscal responsibility and growth by rating us
A- Excellent, since 2017
As of 6/15/22, AM Best Company updated GBU Financial Life’s A- rating, which we have maintained since 2017. Third-party ratings are subject to change. A- (Excellent) rating is 3rd best out of 17 possible rating categories. For the latest Best’s Credit Rating, access www.ambest.com.