Triple Advantage Annuity

A 36 month Annuity, with the initial interest rate guaranteed for all 36 months!

Current New Issue Crediting Rate: 2.00%1

Issue Ages: 0 - 95 Minimum Guaranteed Rate: 1.0%
Minimum Initial Deposit: $300 Maximum Initial Deposit: *2
Initial Rate Guarantee Period Three Years Additional Deposits are permitted.3
Eligible for Qualified Plans: Yes

Withdrawal provisions: This contract does not allow for any surrender charge free withdrawals during the first year. Surrender charges in the first year are 5%, and are reduced by 2% in each subsequent year of the three year contract (5% - 3% - 1%). Surrender charge free withdrawals of 10% are permitted in the second and third year, based on the contract’s value on the last day of the previous contract year.

Please note: Any interest or gain in the withdrawal will be subject to taxes and, if withdrawn prior to age 59½, may also be subject to a 10% early distribution penalty imposed by the IRS. By IRS mandate, interest is always distributed first.

Additional Deposits: Currently, the maximum dollar amount of deposits into a new Triple Advantage contract is $100,000 per annuitant, per calendar year. This maximum applies per annuitant regardless of the number of contracts in force. Maximums may also depend on other GCU contracts in force. Please see your agent or contact the GCU Home Office for further details.

Death Benefit Waiver: No surrender charges will be imposed on the death benefits paid under this annuity contract.

Maturity Date: Upon the maturity date of the contract, you may:

  1. Convert to any GCU Annuity being offered at that time, subject to age availability. Initial rate for the new contract will be based on the current crediting rate for that new contract in the month of the conversion.
  2. Withdraw any or all of the available funds without a surrender charge. Any interest or gain in the withdrawal will be subject to taxes and, if withdrawn prior to age 59½, may also be subject to a 10% early distribution penalty imposed by the IRS.
  3. Continue the contract indefinitely, with complete liquidity of the available funds (no surrender charges). The credited interest rate, beginning the first day of the 4th contract year will be the current 1+4 declared interest rate and can change on a month to month basis. Subsequent contract years will follow the same crediting rate process. Crediting rates for all years following the maturity of the contract will be no less than the guaranteed minimum in the contract.

GCU
A Fraternal Benefit Society
5400 Tuscarawas Road,
Beaver, PA 15009
www.gcuusa.com
1-800-722-4428




1 Rate effective .
2 Please contact your agent or contact the GCU Home Office.
3 Subject to annual maximums Maximums are subject to change.

Form 3yr-02/08/17