The Future Flex Classic Annuity is a two-year flexible premium deferred annuity designed to meet the liquidity and investment needs of institutions and High Net Worth Individuals (HNWIs) There is no surrender charge, but rather an excess interest charge for withdrawals made within the first two years The account is fully liquid after the second year The Future Flex Classic aligns to the needs of municipalities and institutions that require liquidity but need and want to earn a competitive interest rate. For HNWIs that need and want the security of having cash available, this product can help achieve that objective.
First-Year
Guaranteed Rate
Minimum
Guaranteed Rate
Issue Age
Account Types
Joint Ownership
5.50%
.50%
0-95 (Current Age)
Qualified and Non-Qualified Entity Owned (Corporation, Endowment, Pension Plan, Trust) and Individual
Joint ownership allowed on non-qualified accounts with the spouse as the joint owner only. Owners are Annuitants unless there is a non-person entity owner
Rates effective as of April 15, 2024.
REASONS TO BUY
GBU A- Rating by AM Best No Upfront or Annual Fees
Account Liquid After Two Years
Additional Deposits Do Not Restart Withdrawal Penalties
As of 6/15/23, AM Best Company updated GBU Financial Life’s Arating, 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
Minimum Deposit
Maximum First-Year Deposit
Additional Deposits
Withdrawal Penalty
$100K to $5M without approval
$50K to $2M without approval
If a withdrawal is made within the first two (2) years, only the minimum guaranteed rate of .50% interest will be paid on the amount withdrawn from the date of inception to the date of the withdrawal Withdrawals after the second policy anniversary are not subject to a withdrawal penalty
Interest rates are determined by date of receipt of deposit. Rates are subject to change without notice. Benefits may be taxable. The firstyear declared interest rate is guaranteed for the first contract year only and is separate from the guaranteed minimum rate of 0.50%, which is effective for all contract years. The contract will automatically renew at the then-current rate until surrendered or reaches maturity. Effective annual yields will be lower if withdrawals are more than annually. After the first contract year, annual deposits are limited to $2,000,000. 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. GBU Life is the marketing name for GBU Financial Life (GBU), Pittsburgh, PA. GBU and its agents do not provide tax, legal or investment advice. Please consult with a legal or tax professional prior to the purchase of any contract. 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. Contract Form Series: ICC22_FPDA_CON_(01-22), FPDA_CON_(01-22)_FL, FPDA_CON_(01-22).
GBU-CLASSIC-ANU-MEM-0424
4254 Saw Mill Run Blvd., Pittsburgh, PA
15227-3394
