Company Information
Company Name
GCU Life
Product Name
GCU Life One Plus Four Annuity
Description
This is a one-year guaranteed fixed annuity. After the one year contract anniversary, owners have 30 days to withdraw or transfer their funds. If no action is taken within the 30-day window, a new 4-year annuity term begins.
AM Best Rating
A-
URL
Product Type
MYGA
Free Withdrawals Yr1 / Yr2+
0% / 100%
Rate
4.75%
Term
1 Year
Minimum Investment
$ 300
Maximum Investment
$200,000 without prior approval
Maximum Age
100
Surrender Schedule
9%, 7%, 5%, 3%, 1%
What We Like About This Annuity
This is a short one year annuity that is completely liquid after the 12 month term is completed.
Notable Features
You have 30 days to surrender your annuity after the one-year term. If you don't act within those 30 days, then a new 4-year term will begin.
Other Popular Products
GCU Life also offers immediate annuities with competitive lifetime payouts. Our clients also like their single premium whole life insurance and adult term life policies.
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About GCU Life
GCU Life is a Fraternal Benefit Society founded in 1892. The company’s core goals are funding social activities, engaging in community involvement, and creating value-added opportunities for its members.
They are a not-for-profit life insurance company specializing in fixed and income annuities. They also offer both whole and term life insurance policies.