Single Premium Whole Life Case Study

A LEGACY FOR YOU

GBU Life’s Single Premium Whole Life (SPWL) insurance options are a smart solution for you. This permanent, whole life series offers valuable assistance for your loved ones long after you're gone.

Only requiring one premium payment to fully fund either product, these solutions provide a death benefit with cash-value buildup that makes the Secure Series a welcome addition to your financial plans. Coverage options range from $3,000 to $5 million. Contract will mature when insured reaches age 121, the policy owner dies or surrenders the policy for cash value.

SPWL POLICY OVERVIEW

Only 1 premium payment required

Permanent life insurance product

Guaranteed cash values

Participating policies

Dividends accumulate as additional cash value or can be paid out

Immediate leverage of funds upon issue

Loans available on cash value

Generally tax-free transfer of funds upon death

Private contract may avoid probate

Named beneficiary(ies)

1035 exchanges are permitted

SPWL POLICY PRODUCT SPECIFICATIONS

Issue Ages Face Amount...........

Premium Banding

Band 1

Band 2

Band 3

Band 4

0 – 85 (current age) $3,000 – $5,000,000

$3,000 – 24,999

$25,000 – 49,999

$50,000 – 99,999

$100,000 +

Dividend payments are not guaranteed as the assumptions on which they are based are subject to change

GBU-SPWL-CLIENT-0623

4254 Saw Mill Run Boulevard, Pittsburgh, PA 15227-3394

412-884-5100 800-765-4428 sales@gbu org

SPWL Case Study

GBU’s Secure Single Premium Whole Life product works together with other GBU products to allow you to enjoy your retirement savings and provide for loved ones later on. In this example, our member Mary is able to do just that.

Example: Mary is 70 years old and wants to pass on $150,000 to her daughter and $150,000 to her granddaughter. She has $300,000 earmarked in a CD but maintains control of the asset.

PROVIDE MORE FOR LOVED ONES

Based on Mary’s age and standard health, the Secure SPWL policy would need just $171,711 to generate the $300,000 tax-free death benefit that will grow when dividends are paid.

That leaves $128,289 for her to use during her lifetime.

That $128,289 could create a lifetime monthly income of $817 ($9,800 a year gross) for her to use any way she wants.

SECURE SINGLE PREMIUM WHOLE LIFE (SECURE SPWL)

Our Secure Single Premium Whole Life (Secure SPWL) policy offers a lifetime death benefit in addition to having guaranteed cash values, helping leverage funds It may be a great fit if you are looking to plan your estate, providing a generally tax-free death benefit for loved ones

Can be a good match if you are concerned with maximum leverage of your funds for estate planning

Yrs. 1-10

Funding the SPWL Cash Advantage account with $182,097 provides for the guaranteed cash value after the first year to be more than the original contract premium.

Meaning, if there were ever to be an emergency beginning in year 2, the policy could be surrendered for the full premium amount or accessed via a loan.

Otherwise the full $300,000 death benefit will grow as dividends are paid.

SECURE CASH ADVANTAGE SPWL

The Secure Cash Advantage SPWL option grows when yearly dividends are used to purchase additional, guaranteed coverage and builds a higher cash value usually in the first year, so you have the flexibility to borrow against the policy if you ever need to

Can be perfect if you are concerned about accessing cash value even in earlier years

Yrs. 1-10

GBU Life is the marketing name for GBU Financial Life. Life insurance is underwritten by GBU Financial Life (GBU), 4254 Saw Mill Run Blvd., Pittsburgh, PA 15227. Contract will mature when insured reaches age 121 Payment of dividends is 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 Policy and features are subject to approval and may not be available in all states. Please see policy and riders for complete details. 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. Contract Form Series: ICC20-SPWL, FL20-SPWL.2. GBU-SPWL-CLIENT-0623

4254 Saw Mill Run Boulevard, Pittsburgh, PA 15227-3394

412-884-5100 800-765-4428 sales@gbu org