Discover the GBU Life difference Visit GBU.org or call us at 800-765-4428
We help deliver stability in an uncertain world Throughout our 125+-year history of navigating challenging events and volatile markets, GBU Life has fulfilled countless commitments from added financial protection for young families through increased security for retirees and every dream in between. 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 $3.78 billion. Our record $266 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 108 percent means GBU Life can more than meet our commitments. Asset portfolio, surplus and solvency ratio information is as of 12/31/21. 2017 2018 $203.0 2019 $229.7 2020 $248.2 2021 $266.1 $183.6 Surplus 5-year CAGR 11.54% Millions 2017 2018 $2,755 2019 $3,090 2020 $3,434 2021 $3,782 $2,457 Assets 5-year CAGR 11.53% Millions CAGR is Compound Annual Growth Rate of surplus or assets, as applicable, and was calculated for the period 12/31/17 through 12/31/21. Assets and surplus for each year is as of 12/31/21. SELECT CHOICE TERM INSURANCE SERIES Simple and affordable 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 than most insurance providers. We do things differently at GBU as we don’t have shareholders. We don’t have clients. 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 people and causes that matter most to them. 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. Products are subject to approval and are not available in all states. Please see policy and rider coverage for complete details. GBU and its agents do not provide legal, financial or tax advice. Please consult with your advisor or professional. Contract Form Series: ICC20-ART, FL20-ART.2, ICC20-ST, FL20GBU-SCT-BR-0422ST.2.
AM BEST RECOGNIZES GBU LIFE’S FISCAL RESPONSIBILITY AND GROWTH BY RATING US A- (EXCELLENT) AM Best Company has rated GBU Financial Life Asince 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
Children’s Term Rider: Added term life coverage insures all eligible children on one rider, including future eligible children, natural or adopted. (Not available on Annual Renewal Term.)
Certainty: Purchasing a term life policy can protect your loved ones by helping them meet financial commitments if something unforeseen happens to you, your loved ones can be financially protected.
Select Choice Youth Term: Choose to begin valuable protection for eligible children and grandchildren, up through age 17. Our annually renewable policy gives you the option to insure eligible children—and guarantee their future insurability. Coverage can remain in force until age 95 as long as premiums are paid when due. Plus, it is guaranteed to be convertible to whole life benefits at any time. Insurance protection that fits your life now
Waiver of Premium: If the Payor becomes totally and permanently disabled, premium payments are waived, and your policy remains in force under this Rider until its expiry date. (Not available on Annual Renewal Term.)
Protection that’s there when you need it Expand your benefits
Launching a career. Getting married. Starting a family. Buying a home. With each milestone, financial protection becomes more important. Our Select Choice Term Life policies help you get the protection you need today at a reasonable price. It works just like its name sounds. You are covered for a set period of time as long as premiums are paid when due. And at GBU Life, we give you options so your life insurance can change as your life does.
Accidental Death Benefit Rider: If your death is the result of an accident, your beneficiaries will receive an additional benefit. Terminal Illness, Critical Illness and Chronic Illness Riders: Known as living benefits, these riders each enable you to tap into a portion of your death benefit to help cover the costs of treatment or care. (Not available on Annual Renewal Term.)
Accessibility: Term life from GBU Life is affordable; you’re able to choose the amount of coverage you need for a time period that makes sense for you, whether it’s one year, ten years or up to 35 years. Flexibility: Choose from a range of features and add-ons to customize your coverage. Our policies can be renewed annually after your term ends. Or, you can convert to permanent coverage that lasts for your lifetime. Term life insurance provides added protection for your loved ones by helping them meet your financial commitments, such as mortgage payments or college educations, in the event of your premature death. Tailor coverage to fit your goals and budget and worry less about future financial what-ifs. Coverage up to $5 million.
Select Choice Annual Renewable Term: Choose this one-year policy that can be renewed annually and is convertible to permanent whole life insurance at any point up to age 70. Premiums are structured to be lower at the start and gradually increase as the member’s age and earning potential increases. Members can also elect to keep premiums fixed by reducing the coverage each year.
Along with selecting the right term for your needs, choose from a range of optional riders for an additional cost.
Select Choice Term: Choose the low-cost, high facevalue coverage you need from 10-, 15-, 20-, 30-, and 35-year term options. Your premiums stay the same throughout the entire term, making budget planning simple. Plus, you can convert all or part of your policy to permanent whole life insurance at any point. After your level term period ends, your coverage becomes annually renewable with rates that will increase annually.
