GBU FINANCIAL LIFE ANNUITIES


Current rates declared 3-1-2020


5 year flex annuity: "Preferred Five" ($200K MAX PREMIUM WITHOUT HOME OFFICE APPROVAL)


Flex contract, no rolling surrender charges.

Current rate: 2.75%, guaranteed for 1st contract year. 1.50% minimum guarantee rate. 3.25% Current renewal rate for contracts one year old or older, although not guaranteed. Portfolio rate annuity, rates can rise with market rates, but never be lower than 1.50%.

Issued through age 90.

Premiums: See GBU forms page for minimums and maximums and banded interest rates.

Commissions: 2.50% through age 75, 1.25% through age 90.

Liquidity: Penalty free withdrawals of interest 1st year. Penalty free withdrawals of interest and 10% of principal years 2-5.

Surrender charges in excess of penalty withdrawals: 6.00%, 5.00%, 4.00%, 3.00%, 2.00%. After the 1st contract year, additional deposits are limited to $100,000.00/year.

Available in the following states:

CT,FL,IL,IN,MD,MI,MN,MO,NJ,OH,PA, WV and WI.


8 year flex annuity: "Preferred Eight" ($1,000,000.00, MAX PREMIUM WITHOUT HOME OFFICE APPROVAL)


Flex contract, no rolling surrender charges.

Current rate: 3.25%, guaranteed for 1st contract year. 2.00% minimum guarantee rate. 3.65% current renewal rate for contracts one year and older, although not guaranteed. Portfolio rate annuity, rates can rise with market rates, but never less than 2.00%.

Liquidity: Penalty free withdrawals of interest 1st year.

Premiums: $10,000.00 minimum, maximum $1,000,000.00.

Commissions: 3.50% through age 75, 1.75% through age 90.

Penalty free withdrawals of interest and 10% of principal years 2-8.

Surrender charges in excess of penalty withdrawals: 7.00%, 7.00%, 6.00%, 6.00%, 5.00%, 4.00%, 3.00%, 2.00%. After the 1st contract year additional deposits are limited to $200,000.00/year.

Available in the following states:

CT,FL,IL,IN,MD,MI,MN,MO,NJ,OH,PA,WV and WI.


SPIA: 3.25% CURRENT RATE! ($1,000,000.00 MAX PREMIUM WITHOUT HOME OFFICE APPROVAL)


Settlement Options:


Period Certain 10-25 years

Period Certain and life, 10-20 years.

Joint and Survivor

Lifetime-No Refund

Lifetime-With refund