INSURANCE THAT MAKES A DIFFERENCE At GBU Life (GBU), we specialize in life insurance and annuity products to help protect families and anchor retirements. We do things differently at GBU as we don’t have shareholders. We don’t have clients. Instead, we have members—members who come to GBU Life to help secure their futures, build their legacies and impact the communities around them. From the start, GBU Life has been member owned and member driven. As a not-for-profit company, we emphasize value—and values. Our members can realize their financial protection goals and give back to the people and causes that matter most to them. GBU-CAP-BR-1023 1
OWNERSHIP MATTERS … for financial well-being As a member-owned company, we keep our operating costs low. That translates into competitively priced life insurance, generous annuity rates and stable investment returns members can count on. Day-to-day and longterm, our focus remains squarely on maintaining the exceptional financial health that inspires trust and confidence among our members.
… for transparency Being member-driven, we don’t charge service or administrative fees. We don’t have teaser rates that change in the future. We just provide solid solutions designed by insurance and investment professionals and supported by dedicated service representatives.
… for good Giving back is at the heart of GBU Life. It starts with our longstanding commitment to charitable causes and volunteerism. But we don’t stop there. We empower members to make a difference in their communities through financial donations, volunteer opportunities and fundraising resources.
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WE HELP DELIVER STABILITY IN AN UNCERTAIN WORLD Managing smart
With a culture rooted in deliberate risk management, we strive to deliver competitive rates and share favorable results with our members. Member policies are backed by GBU Life’s consistently growing asset portfolio, which exceeds $4.2 billion. Our record $288.76 million surplus, the amount we hold over and above our member benefit reserves, helps to provide even more security. Standing behind every $100 of GBU Life policy obligations is $108 in assets. This solvency ratio of 107.28 percent means GBU Life can more than meet our commitments. Asset portfolio, surplus and solvency ratio information is as of 12/31/2022.
Delivering service that stands out We never forget that we answer to our members and that our growth is fueled by member loyalty.
Nine in ten members say they would recommend GBU Life to family, friends and colleagues. We believe satisfied employees create a superior service experience, and it’s our members who benefit. We take great pride in being recognized as one of Pittsburgh’s best places to work. 97% of GBU Life’s employees report they give their best effort every day. 87% of members say our service is very or extremely responsive. GBU Life employee and member surveys were conducted in 01/2020.
Solvency Ratio 107.28 Rate as of 12/31/22 CAGR is Compound Annual Growth Rate of surplus or assets, as applicable, and was calculated for the period 12/31/18 through 12/31/22. Assets and surplus for each year are as of 12/31/22.
Meeting high industry standards Our increasing membership base and favorable operating performance are acknowledged by the industry. AM Best recognizes GBU Life’s fiscal responsibility and growth by assigning us one of the highest insurance company ratings. GBU-CAP-BR-1023 3
As of 6/15/23, AM Best updated GBU Financial Life's A- rating, which we have maintained since 2017. Third-party ratings are subject to change. A- (Excellent) rating is 3rd best out of 17 possible rating categories. For the latest Best’s Credit Rating, access www.ambest.com.
Helping secure the future, every step of the way.
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PEACE OF MIND TAKES PLANNING Our products meet our members where they are and help them get where they want to go. When GBU Life products are part of the plan, members can confidently navigate the now and prepare for what’s next.
Life Insurance
Annuities
Plan for life
Secure the future
Launching a career. Getting married. Starting a family. Buying a home. With each milestone, financial protection becomes more important. Life insurance is a vital part of that protection, helping to provide security for loved ones if the unexpected happens.
While life doesn’t come with guarantees, fixed annuities do. Fixed annuities can add to your investments and are backed by an insurance company. They provide predictable growth along with the ability to turn savings into an income stream.
GBU Life recognizes that everyone has different needs, goals and financial considerations. That’s why we give members the flexibility to tailor their coverage to match their needs. From simple, shorter-term protection to plans that offer guaranteed growth and last a lifetime, we offer options at prices members can afford no matter where they are in life.
GBU Life annuities grow tax deferred until it is time to withdraw the funds or turn them into a regular paycheck you can’t outlive. Our annuities can not only be a good fit for securing retirements but also help members reach other long-term financial goals, such as buying a home or paying for higher education.
Annuity withdrawals for amounts over those allowed during guarantee period are subject to surrender charges and a market value adjustment as defined in the contract.
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Protection plus purpose.
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PROTECT WHAT MATTERS NOW Life insurance provides valuable financial security for loved ones. GBU life insurance products and comprehensive set of riders give members options to match their needs and life stages.
Select Choice Insurance Series: Term Life
Secure Life Insurance Series: Whole Life
An affordable choice for those just getting started, especially parents, term life provides protection for a set period of time. Coverage ends at age 95.
Whole life policies are permanent policies that provide a death benefit for one's lifetime while also building cash value and earning dividends. Coverage ends at age 121.
Select Choice Term: Premiums stay the same throughout the entire term, making budget planning simple. Moreover, all or part of the policy can be converted to permanent insurance at any point. Lowcost, high face-value coverage is available for 10-, 15-, 20-, 30- and 35-year terms. Select Choice Annual Renewable Term: Premiums are structured to be lower at the start and gradually increase as the member’s age and earning potential increase. Members can also elect to keep premiums fixed by reducing the coverage each year. This oneyear policy can be renewed annually or converted to permanent insurance at any point. Select Choice Youth Term Life: Choose to begin valuable protection for children and grandchildren up through age 17. Our annually renewable policy gives you the option to insure children—and guarantee their future insurability. Coverage can remain in force until age 95 as long as premiums are paid. Further, it is guaranteed to be convertible to whole life benefits at any time. This provides solid protection both now and for the future. Dividend payments are not guaranteed as the assumptions on which they are based are subject to change. Loans and withdrawals taken against a permanent life insurance policy will reduce the death benefit and may result in a taxable situation.
Secure Whole Life: Paying fixed premiums to age 100 makes this the most budget-friendly way to own whole life insurance. Or opt to pay fixed premiums to age 65, during working years, for a lifetime of coverage. Secure 10 Pay or 20 Pay Whole Life: Pay the premiums over a 10- or 20-year period, maximizing cash value growth and locking in long-term benefits. Secure Cash Advantage Whole Life: Accelerate cash value and dividend accumulation for retirement, education or other significant events. Secure Single Premium Whole Life (SPWL): Pay the policy’s entire premium upfront. This plan may be a good fit for charitable giving or special needs planning. Secure Cash Advantage Single Premium Whole Life (SPWL): Pay the policy’s premium upfront while accelerating cash value accumulation. Cash value can be expected to reach initial premium level at the end of the first year. This plan offers a smaller death benefit and may be a good fit for building emergency funds during retirement. Youth 3 Pay Life: Life insurance protection from $5,000 up to $50,000, this plan accumulates cash value that can be borrowed against or used for education, buying a home or for emergencies.
Contract Form Series: ICC20-ART, FL20-ART.2, GEN20-ART, ND20-ART; ICC20-ST, FL20-ST.2, GEN20-ST, ND20-ST; ICC20-WL, FL20-WL.2, GEN20-WL, ND20-WL; ICC20-SPWL, FL20-SPWL.2, GEN20-SPWL, ND20-SPWL; ICC19-Y3Pay, FL20-Y3Pay, Gen-Y3Pay, ND-Y3Pay; ICC19Mem3Pay, FL20-Mem3Pay, GEN-Mem3Pay, ND-Mem3Pay. GBU-CAP-BR-1023
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PREPARE FOR WHAT'S NEXT Annuities from GBU Life offer low-risk options to help build wealth. With a choice of plans and payouts, our members can feel confident knowing their money will be there when they need it. There are no upfront or annual sales fees and 100% of the deposits start earning interest from the day they are received.
Future Flex Preferred Annuity Series: Flexible Premium Deferred Annuities (FPDA) SAVING FOR THE FUTURE These tax-deferred annuities offer growth of your assets and the ability to add additional premium throughout your five- or eight-year contract term. Future Flex Preferred 8 Annuity: Offers growth of your assets over an 8-year period. Future Flex Preferred 5 Annuity: Offers growth of your assets over a 5-year period.
Asset Guard Annuity Series: Multi-Year Guaranteed Annuities (MYGA) PREDICTABLE GROWTH A Multi-Year Guaranteed Annuity or MYGA is a type of fixed annuity that offers a guaranteed fixed interest rate for a certain period of time. A MYGA is a good option for someone thinking about retirement and who would like tax deferral and a guaranteed investment return. Also, buying a MYGA is one strategy for generating added income in retirement to supplement other savings, investments and social security. When purchasing an Asset Guard Series MYGA, you can choose one of four guarantee periods to meet your specific needs, including 2, 3, 4 or 5 years, locking in the interest rate for the entire period.
Future Flex Immediate Annuity: Single Premium Income Annuity (SPIA) INCOME THAT STARTS NOW As retirement nears, financial challenges such as rising healthcare costs, inflation and market volatility need to be managed. Our immediate annuities convert a portion of members’ savings into steady, reliable and guaranteed income for a specified period or their lifetime. We offer a range of payout options, so members can balance their income needs with their legacy wishes. Members can choose when payments begin, how long the payments will last, and whether to insure one or two policyholders and/or designate a beneficiary to receive any remaining payments. Interest rates are determined by date of receipt of deposit. Rates are subject to change without notice. Benefits may be taxable. During the surrender charge period, withdrawals exceeding 10% will be subject to a surrender charge that may be higher than fees associated with other types of financial products and may reduce principal. Annuities are not short-term products and are issued by GBU. Withdrawals prior to 59½ may be subject to IRS penalties. Products and features may not be available in all states. This is a summary of the contract provisions. Please refer to the contract for details of surrender charge schedule, benefits and exclusions. NOT A DEPOSIT OF A BANK-MAY LOSE VALUE-NOT BANK GUARANTEED. Contract Form Series: ICC22_FPDA_CON_(01-22), FPDA_CON_(01-22)_FL. FPDA_CON_(01-22); ICC21_SPDA_CON_(4-21), SPDA_CON_(4-21)_FL, SPDA_CON_(4-21); ICC22-SPIA_CON_(01-22), SPIA_CON_(01-22)_FL, SPIA_CON_(01-22). GBU-CAP-BR-1023
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GIVING BACK IS WHAT WE DO At GBU Life, social responsibility isn’t a box we check: it’s the purpose that guides our decisions.
Empowering members to make a difference Making an impact from day one New members are invited to designate a charity to receive a GBU Life welcome donation. Recognizing volunteerism We honor the difference our members make, one hour at a time. GBU Life matches volunteer hours with donations to support the causes closest to members’ hearts. Inspiring action GBU Life helps members take their community commitment to the next level with fundraising tools, training and access to volunteers.
A tradition of social responsibility Charitable giving We support a range of causes, including the American Red Cross, Habitat for Humanity, American Cancer Society, the Humane Society and food banks. Community projects Each year GBU Life members and employees gather to pack and ship thousands of care packages for deployed military personnel and veterans in need through Operation Reach Out. College scholarships and grants Since 1962, the GBU Foundation has assisted members in furthering their post-secondary education with annual awards for freshman, undergraduate, graduate and twoyear programs.
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Discover the GBU Life difference. Visit GBU.org or call us at 800-765-4428.
4254 Saw Mill Run Blvd., Pittsburgh, PA 15227-3394 GBU Life is the marketing name for GBU Financial Life. Life insurance and annuities are issued by GBU Financial Life (GBU), Pittsburgh, PA. Products referenced are offered and sold only by appropriately appointed and licensed entities, financial advisors and professionals. Product availability may vary by state. Not all products and riders are available in all states and may vary by state. Certain riders may not be available with all products. If you contact GBU, you may be offered information regarding the purchase of insurance products and/or contacted by a licensed insurance agent. No statement contained herein shall constitute tax, legal or investment advice. You should consult with a legal or tax professional for any such matters. All products are subject to approval. GBU-CAP-BR-1023