Annuities
Flex 5 Advantage
5.00%; $300+
APY| Issue Ages: | 0 – 88 |
| Minimum Guaranteed Rate: | 3.00% |
| Minimum Initial Deposit: | $300 |
| Maximum Initial Deposit: | $750,000 |
| Eligible for Qualified Plans: | Yes |
| Withdrawal provisions: |
Year 1 = 10% of the initial deposit; Years 2-5 = 20% of that year's beginning balance. |
| Surrender Charges: | 9% - 7% - 5% - 3% - 1% |
| Long Term Care Waiver: | Yes |
| Terminal Illness Waiver: | Yes |
Your initial interest rate is guaranteed for the first year of the contract.
Additional Deposits permitted. 2
Death Benefit Waiver: As with all GCU Deferred Annuity Contracts, no surrender charges will be imposed on the death benefits paid under this 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.
1 Rate effective current month only
2 Please contact your agent or contact the GCU Home Office.
Please note: Any interest or gain in the withdrawal will be subject to taxes and, if withdrawn prior to age 59 ½, may also be subject to a 10% early distribution penalty imposed by the IRS. By IRS mandate, interest is always distributed first.