Preferred 8 Annuity - GBU's Preferred 8 Annuity is a tax-deferred retirement account that provides the highest GBU interest rate available. This account offers a one-year guaranteed rate in addition to a guaranteed minimum interest rate. A minimum initial deposit amount of $10,000 is required to open a GBU Preferred 8 Annuity. This account incorporates an 8-year early withdrawal restriction structure on amounts over the allowable principal withdrawals: Interest earned may be withdrawn at any time with no GBU penalty; After the first contract year, up to 10% of the principal amount may be withdrawn annually without being subject to GBU's penalty schedule. CLICK HERE to view GBU's Preferred 8 Annuity 5-Year Interest Rate History. GBU’s 8-year early withdrawal penalty schedule for amounts over the 10% allowable withdrawals is as follows... Year 1 – 7%    Year 2 – 7%    Year 3 – 6%    Year 4 – 6% Year 5 – 5%    Year 6 – 4%    Year 7 – 3%    Year 8 – 2% Withdrawals prior to age 59½ may be subject to IRS early withdrawal penalties.*   Preferred Annuity - GBU's Preferred Annuity is a tax-deferred retirement account that pays a competitive rate of interest in addition to offering a one-year guaranteed rate and a minimum interest rate guarantee. A minimum initial deposit amount of $500 is required to open a GBU Preferred Annuity. This account incorporates an 5-year early withdrawal restriction structure on amounts over the allowable principal withdrawals: Interest earned may be withdrawn at any time with no GBU penalty; After the first contract year, up to 10% of the principal amount may be withdrawn annually without being subject to GBU's penalty schedule; CLICK HERE to view GBU's Preferred Annuity 5-Year Interest Rate History. GBU’s 5-year early withdrawal penalty schedule for amounts over the 10% allowable withdrawals is as follows... Year 1 – 6%    Year 2 – 5%    Year 3 – 4% Year 4 – 3%    Year 5 – 2% Withdrawals prior to age 59½ may be subject to IRS early withdrawal penalties.*   Immediate Annuity - GBU's Immediate Annuity is a single premium annuity contract that pays a guaranteed periodic distribution for a specified period or for the annuitant's lifetime. A minimum initial deposit amount of $25,000 is required to open a GBU Immediate Annuity. Various settlement options are available including: Period Certain, Period Certain & Life, Joint & Survivor; Lifetime - No Refund; Lifetime - With Refund.  GBU's current "locked-in" annuitization rate is 4.00%. Preferred Interest Only Contract (IOC) - GBU's Preferred IOC offers an alternative to traditional bank savings vehicles while paying a competitive rate of interest and offering a one-year guaranteed rate and minimum interest rate guarantee. A minimum initial deposit amount of $1,500 is required to open a GBU Interest Only Contract. This account incorporates an 5-year early withdrawal restriction structure on amounts over the allowable principal withdrawals: Interest earned must be withdrawn at least annually. After the first contract year, up to 10% of the principal amount may be withdrawn annually without being subject to GBU's penalty schedule.   GBU’s 5-year early withdrawal penalty schedule for amounts over the 10% allowable withdrawals is as follows... Year 1 – 6%    Year 2 – 5%    Year 3 – 4% Year 4 – 3%    Year 5 – 2% Withdrawals prior to age 59½ may be subject to IRS early withdrawal penalties.* *For specific tax advice consult your tax advisor. GBU IRA'S GBU's IRA accounts do not have sales or administrative fees; 100% of your payments earn interest from the day they are received. Personal financial goals can be successfully achieved by combining IRA tax advantages with GBU’s competitive, daily-compounded interest rates.   Traditional IRA - GBU's Traditional IRA is a tax-deductible retirement account. Contributions and earnings are tax-deferred until withdrawn. Roth IRA - GBU's Roth IRA gives the annuitant the ability to invest after-tax dollars today, while letting the investment grow tax-deferred. Qualified withdrawals are tax free. Coverdell IRA - GBU's Coverdell IRA is a tax-deferred account that allows tax-free withdrawals for education expenses. Parents, grandparents, relatives, etc. may contribute to this account. Simplified Employee Pension (SEP) - GBU's SEP IRA is a tax-deferred retirement account which allows an employer to make deductible contributions towards a participating employees’ retirement. This account is also available to self-employed individuals.

 
GBU Financial Life
4254 Clairton Boulevard
Pittsburgh, PA 15227-3394
1.800.765.4428  or  412.884.5100
Fax:  412.884.9815
E-mail: info@gbu.org

 GBU Financial Life is a Fraternal Benefit Society domiciled in the state of Pennsylvania.
GBU Financial Life is licensed to conduct business in the following states ...

CA, CO, CT, FL, IL, IN, MI, MN, MO, NJ, NY, OH, PA, & WI
Not all products are available in all states.

This site was last updated on Wednesday, May 9, 2012