SECURE SERIES PERMANENT LIFE INSURANCE Permanent protection, guaranteed cash value A smart insurance solution for your whole life. Life insurance helps provide valuable financial security for the ones you love after you’re gone. That’s a given. Our Secure Life policies also build cash value while you’re living, which can make them a smart addition to your financial plan. Life insurance protection that lasts a lifetime. You won’t have to worry about insurability down the road. As long as you pay the premiums, your policy stays in force. Premiums that won’t increase, as long as premiums are paid when due. Fixed premiums make planning simple. Plus, we offer different payment periods so you can choose what’s right for your budget. Builds cash value over time, guaranteed. The cash value from your premiums grows tax deferred and can be used however you want: to pay for higher education, buy a home or supplement your retirement income. The opportunity to earn annual dividends. Dividends can increase your cash value, increase the death benefit, reduce premiums or be paid in cash. While dividends aren’t guaranteed, GBU Life has been paying them to our policy owners for decades. Features and add-ons. You have the flexibility to tailor coverage to ensure your policy fits your needs. This makes our whole life insurance a smart component of a sound financial plan.
Choose the coverage that’s right for today and tomorrow. Whole life policies provide a death benefit for your lifetime while also building cash value and earning dividends. Coverage ranges from $5,000 to $5 million. 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 a one-time premium for the entire policy. Built for those who are more concerned with higher cash value. In most cases these have cash surrender values equal to the initial premium at the end of the first year.
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. Available for all premium-paying whole life policies including Cash Advantage policies. 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 of $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 coverage for family members as part of your whole life 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. Policy 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 riders are subject to approval and may not be available in all states. Please see policy and rider 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-WL, FL20-WL.2, GEN20-WL, ND20-WL, ICC20-SPWL, FL20-SPWL.2, GEN20-SPWL, ND20-SPWL. GBU-SSP-PS-1123
4254 Saw Mill Run Blvd., Pittsburgh, PA 15227-3394 412-884-5100 800-765-4428 sales@gbu.org