Five Year Advantage Annuity

A 60 month Annuity with excellent liquidity features from day one!

Current New Issue Crediting Rate: 2.85%1

Issue Ages: 0 - 88 Minimum Guaranteed Rate: 2%
Minimum Initial Deposit: $300 Maximum Initial Deposit: 2
Initial Rate Guarantee Period Two Years Additional Deposits are permitted.2
Eligible for Qualified Plans: Yes

Withdrawal provisions: GCU Currently allows for surrender charge free withdrawals in EACH contract year! Year One = 10% of the initial deposit; Years Two thru Five = 20% in each year based on the account value at the end of the previous contract year.3 Withdrawals exceeding the permitted amounts will be subject to a surrender charge. Surrender charges in the first year are 9%, and are reduced by 2% in each subsequent year of the five year contract (9% - 7% - 5% - 3% - 1%).

Please note: Any interest or gain in the withdrawal will be subject to taxes and, if withdrawn prior to age 59½, may also be subject to a 10% early distribution penalty imposed by the IRS.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

Long Term Care Waiver: No surrender charges will be imposed on withdrawals or surrender of this contract upon receipt of acceptable proof that the annuitant has become confined to a Long Term Care Facility.4

Terminal Illness Waiver: No surrender charges will be imposed on withdrawals or surrender of this contract should the annuitant become terminally ill as certified by an attending physician.4

Death Benefit Waiver: As with all GCU Deferred Annuity Contracts, no surrender charges will be imposed on the death benefits paid under this 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 Any interest or gain in the withdrawal will be subject to taxes and, if withdrawn prior to age 59½, may also be subject to a 10% early distribution penalty imposed by the IRS.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 6th contract year, will be at least the guaranteed contract minimum with any excess to be declared by the Board of Directors, and is subject to change on a month to month basis as the contract continues. 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.

Please note regarding benefits issued by Board Decree: While a specific benefit may be discontinued in the future, once it is on a contract, it may not be removed. Only new contracts issued after the change of the decree would be affected.

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 This benefit is currently provided by resolution of the GCU Board of Directors, is not contractual, and may be discontinued at any time.
4 This waiver is currently provided by resolution of the GCU Board of Directors, is not contractual, and may be discontinued at any time.