GCU Life Triple Advantage Plus Annuity
Current Fixed Rates
| 4.90% | $50,000 | — | $200,000 |
| 4.50% | $5,000 | — | $49,999 |
| 4.00% | $300 | — | $5,000 |
The GCU Life Triple Advantage Plus Annuity is a short, guaranteed annuity with a three-year rate lock. After three years, owners can withdraw, transfer, or reinvest their entire account balance. If no action is taken, the account does not automatically renew. Owners can continue their contract indefinitely (with no surrender charges) at a new declared rate that can change monthly.
Free 10% withdrawals are available in years 2 and 3 and are calculated based on the contract’s value on the last day of the previous contract year. Three rate bands are available. The highest rate is for deposits of $50K or more while lower rates are available for the amounts listed below.
Qualified and non-qualified deposits are accepted. Additional deposits are accepted. There are no surrender penalties at death.
More Annuity options from: GCU Life
Notable Features
Lower rates available for deposits as small as $300. Contract does not automatically renew and can be held (surrender-free) for an indefinite period of time.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
3 Years
Free Withdrawals Yr1 / Yr2+
0% / 10%
Surrender Schedule
5%, 3%, 1%
Maximum Age
95
Minimum Investment
$50,000
Maximum Investment
$200,000 without prior approval
What We Like About This Annuity
Short 3-year annuity with a competitive rate. Low minimums to start. No surrender penalties at death and 10% free liquidity in years two and three. Additional deposits are allowed.
Other Popular Products
GCU also offers a popular and unique for one year fixed annuity called the One Plus Four Annuity short-term investors. They also offer whole and term life insurance for individual and family protection.
About GCU Life
GCU Life
AM Best Rating: A- Excellent (4th of 13 ratings)
https://gcuusa.com/
About GCU Life Insurance Company
GCU Life is an A- rated Fraternal Benefit Society founded in 1892. The company’s core goals are to fund social activities, engage in community involvement, and create value-added opportunities for its members. They also boast an A- rating from Kroll Bond Rating Agency for their bond portfolio.
They are a not-for-profit, member-owned life insurance company specializing in fixed deferred, fixed indexed, and income annuities. Additionally, they offer both whole and term life insurance policies for family and estate protection.