The 2024 GCU Board of Directors Results are now available.


One Plus Four

Current New Issue Crediting Rate


Effective 7/01/2024 - 7/31/2024
Issue Ages: No age restrictions!
Minimum Guaranteed Rate: 3.00%
Minimum Initial Deposit: $300
Maximum Initial Deposit: $200,000
Eligible for Qualified Plans: Yes
Withdrawal provisions: Year two thru five: 10% of the contract value 
Surrender Charges: 9% - 7% - 5% - 3% - 1%
Long Term Care Waiver: No
Terminal Illness Waiver: No

Your initial interest rate is guaranteed for the first year.

Additional Deposits: 2

Death Benefit Waiver: No surrender charges will be imposed on the death benefits paid under this annuity contract.

Upon the first contract anniversary, and for 30 days thereafter, you have the option of:

1. Continuing the contract for the remaining four years. The rate for each subsequent year will be based on the Flex 5 Advantage New Issue Crediting Rate at each anniversary of your contract, and guaranteed at that level for the contract year. During the 30 day window, you may withdraw any portion of your proceeds without a surrender charge.

2. Surrendering the contract during the 30 day window, and converting to a new One Plus Four. The initial crediting rate for the new contract will be the current crediting rate in the month of the conversion. The entire proceeds of the existing contract may be converted into the new contract without creating a taxable event.

3. Surrendering the contract completely without incurring a surrender charge. (Again, this will create a taxable event and potential penalties.)

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 Subject to annual maximums. Annual maximums are subject to change.

Please note: Any interest or gain in the withdrawal will be subject to taxes and, if withdrawn prior to age 59 ½, may also be subject to a 10% early distribution penalty imposed by the IRS.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

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When you talk with a GCU agent, they will work with you to put together a plan that fits your needs.

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