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Product Knowledge June Report

August 22, 2024

Triple Advantage Annuity

Almost every day someone asks me my opinion about interest rates. Are they going to go up, down or stay the same? I get the same kind of questioning about the stock market and if election results will have an impact on the markets. The fact of the matter is, NOBODY knows! It’s easy to watch TV or get on the internet and find out what all the “talking heads” are saying about rates and market direction. They hang on every word said by the Fed, trying to figure out what might happen, by what is being said or what was not being said. It’s crazy, because often, everyone is wrong!

Rather than trying to guess the future, isn’t it easier to look for something that is happening right now. GCU offers the TRIPLE ADVANTAGE ANNUITY. The Triple Advantage annuity has a guaranteed interest rate for 3 years!

Right now, the 3-year interest rate is 5.15% for new applications of at least $50,000.

GCU also offers lower rates for smaller amounts, but rest assured that no matter what rate you get, it cannot go below 3% after the initial 3-year interest rate guarantee. After the first contract year you can access 10% of your money penalty free and after the third contract year, you have full access to your money! Wouldn’t it be nice to know that your great rate will be around for 3 years?

In addition to having a rate locked in for 3 years, don’t forget about the other features that make annuities a great part of your retirement plan. Annuities are tax deferred, which means you don’t have to pay taxes on the earned interest until you take it out of the account. Why pay taxes on money that you aren’t using! Another feature of annuities is that they are the only investment that can generate an income that is guaranteed for your lifetime.

  • Locked in Interest rate for 3 years.
  • Tax deferral.
  • Lifetime income.

Maybe it is time to take advantage of the GCU Triple Advantage annuity!

Jeff Long | Sales Director

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