A 36 month Annuity, with the initial interest rate guaranteed for all 36 months!
|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Please note: Any interest or gain in the withdrawal will be subject to taxes and, if withdrawn prior to age 59½, may also be subject to a 10% early distribution penalty imposed by the IRS.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 Rate effective .
2 Please contact your agent or contact the GCU Home Office.
3 Subject to annual maximums Maximums are subject to change.