Annuities

Flex 8

Current New Issue Crediting Rate

3.25%

APY
Effective 10/01/2019 - 10/31/2019
Issue Ages: 0 – 85 
Minimum Guaranteed Rate:  2.25%
Minimum Initial Deposit: $300
Maximum Initial Deposit: $1,000,000
Eligible for Qualified Plans: Yes
Withdrawal Provisions: Year One = 10% of the initial deposit
Surrender Charges: 9% - 8% - 7% - 6% - 5% - 4% - 3% - 2%
Long Term Care Waiver: Yes
Terminal Illness Waiver: Yes

Your initial interest rate is guaranteed for the first contract year.

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 specfic 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.

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

Please note: Any interest or gain in the withdrawal will be subject to taxes and, if withdrawn prior to age 59 ½, may also be subject to a 10% early distribution penalty imposed by the IRS.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.