GBU Life Asset Guard Select 5
Current Fixed Rates
| 5.00% | $100,000 | — | $2,000,000 |
| 5.00% | $25,000 | — | $99,999 |
The GBU Life Asset Guard Select 5 is a multi-year annuity with a five-year rate guarantee. After five years, owners have a 45-day window to withdraw, transfer, or renew their full account balance. If no action is taken, a new term begins with a new declared rate and surrender schedule.
The highest rates are offered on deposits of $100K or more while lower rates are available on deposits of $25K – $99.9K. Additional premiums can be added during the first 90 days of the contract.
Free 10% withdrawals are available all years. This policy accepts both qualified and non-qualified funds. There are no surrender penalties at death.
More Annuity options from: GBU Life
Notable Features
At no extra cost, surrender charges can be waived if the owner needs Home Healthcare, Nursing Home Care, or has a terminal illness. This applies to those needing help with the activities of daily living or diagnosed with a severe cognitive impairment.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
10% / 10%
Surrender Schedule
8%, 8%, 7%, 6%, 5%, 0%
Maximum Age
95
Minimum Investment
$100,000
Maximum Investment
$2,000,000 without prior approval
What We Like About This Annuity
This is a straightforward five year annuity policy with great liquidity features. Owners can withdraw 10% in all years and up to 20% in one year if no withdrawals were taken in the previous year.
Other Popular Products
GBU Life offers several popular annuities for growth, income, and tax-deferral. Indexed and fixed options are both available. They also specialize in term and whole life insurance policies for family and estate protection.
About GBU Life
GBU Life
AM Best Rating: A- Excellent (4th of 13 ratings)
https://gbu.org/
About GBU Life
Located in Pittsburg, PA and member-owned, GBU Life is a fraternal benefit society with a strong AM Best rating. Their focus in on life and fixed annuity products.
Being member-owned allows for low operating costs and competitively priced products with higher rates of return. The company is active in its community through charitable giving, philanthropic projects, and college scholarships. Its mission is to strengthen and protect the financial well-being of not only its members but also the communities it supports.