Triple Advantage PLUS
|Minimum Guaranteed Rate:||1.25%|
|Minimum Initial Deposit:||$300|
|Maximum Initial Deposit:||$200,000|
|Eligible for Qualified Plans:||Yes|
|Withdrawal Provisions:||Year Two = 10% of the contract value|
|Surrender Charges:||5%, 3%, 1%|
|Long Term Care Waiver:||No|
|Terminal Illness Waiver:||No|
Your initial interest rate is guaranteed for all three years of the contract.
Additional Deposits permitted: 2
Death Benefit Waiver: No surrender charges will be imposed on the death benefits paid under this annuity 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 Subject to annual maximums. 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Please note: Any interest or gain in the withdrawal will be subject to taxes and, if withdrawn prior to age 59 ½, may also be subject to a 10% early distribution penalty imposed by the IRS.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.