Annuities for Income
GCU offers one type of Annuity for Income. Option B delivers regular, set payouts that may include interest and some of the principal for a pre-specified period of time or for as long as you live.
This contract is often known as a Single Premium Immediate Annuity (SPIA) and is available in two forms:
Fixed Period Certain Income
This option is for individuals only, who are looking for income to bridge a set period of time. You can choose a fixed period, which is usually between 5-&-20 years, and contingent upon age. Monthly payments are then made via direct deposit. Both qualified and non-qualified funds may be used. Joint annuitants are not permitted, however, a beneficiary is designated to receive any unpaid payments.
This option is for individual or joint annuitants. In exchange for the deposit amount, GCU guarantees an income for the life of one or both annuitants, insuring that your funds never run out. The amount of direct deposited income will vary based on the number of annuitants, gender, age, and the type of settlement selected.
Find an Agent
Discover how GCU Annuities for Income can bring not only income, but precious peace of mind. Find an agent near you or call 1-855-306-0607.