SELECT CHOICE TERM LIFE INSURANCE Simple and affordable Insurance protection that fits your life now. 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. And at GBU Life, we give you options so your life insurance can change as your life does. Security: Purchasing a term life policy helps financially protect your loved ones in meeting financial commitments if something unforeseen happens to you. 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.
Protection that’s there when you need it. Term life insurance coverage can be tailored to fit your goals and budget so you can worry less about future financial what-ifs. Coverage up to $5 million. Select Choice Term: Choose the low-cost, high face-value 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 insurance at any point. After your term ends, you can elect to renew your coverage annually. Select Choice Annual Renewable Term: Choose this one-year policy that can be renewed annually and is convertible to permanent 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. Select Choice Youth Term: Choose valuable protection for eligible children and grandchildren, up to 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.
Select from a range of optional riders for an additional cost. INCREASE YOUR COVERAGE Guaranteed Purchase Options: The ability to buy additional coverage at pre-determined future intervals listed in rider policy without going through the typical underwriting process can be valuable as you age or experience changes in your health. Paid-Up Additions Options: Add amounts of life insurance to the base policy for which no further premiums (following the rider premium) are due or periodic purchase option dates may be selected. Waiver of Premium: Premiums are waived if the policy Payor becomes totally and permanently disabled as defined in the rider after six (6) months. The rider terminates on the contract anniversary nearest the Payor’s 65th birthday unless a disability claim has been approved by GBU.
EXPAND YOUR BENEFITS
Accidental Death Benefit Rider: If your death is the result of a covered accident, your beneficiaries will receive an additional benefit. Rider terminates at age 70 or sooner if requested. Premium waived if base policy qualifies for Waiver of Premium. Terminal Illness, Critical Illness and Chronic Illness Riders: Known as living benefits, these riders are available on policies $100k or more. Each enables you to tap into a portion of your death benefit to help cover the costs of treatment or care. No additional premium is required. Spousal Term and Children Term Riders: Adding term life coverage for family members as part of your policy can be a convenient way to further protect your family.
4254 Saw Mill Run Blvd., Pittsburgh, PA 15227-3394 412-884-5100 800-765-4428 sales@gbu.org
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 add security to 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.
WE HELP DELIVER STABILITY IN AN UNCERTAIN WORLD Throughout our 130 + -year history of navigating challenging events and volatile markets, GBU Life has fulfilled countless commitments ranging from added financial protection for young families to 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 $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 12/31/22.
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.
AM Best recognizes GBU Life’s fiscal responsibility and growth by rating us A- Excellent
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.
Not all riders are available with all policies. Riders are optional and have additional fees associated with them. GBU Life is the marketing name for GBU Financial Life. Life insurance is underwritten by GBU Financial Life (GBU), Pittsburgh, PA 15227. Coverage can remain in force until age 95 as long as premiums are paid when due, however, after your level-term period ends, your coverage becomes annually renewable with rates that will increase annually. Policy and features are subject to approval and may not be 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 a legal or tax professional prior to the purchase of any contract. Contract Form Series: ICC20-ST, FL20-ST.2, GEN20-ST, ND20-ST. GBU-SCT-PS-1123
4254 Saw Mill Run Blvd., Pittsburgh, PA 15227-3394 412-884-5100 800-765-4428 sales@gbu.org