SECURE SERIES
YOUTH 3 PAY LIFE INSURANCE
Start Their Dreams Here
Coverage that’s there when you need it
Start your children on the road to financial success with a GBU membership GBU's Youth 3 Pay Life insurance is permanent life insurance that offers a lifetime of coverage for just three annual payments
Your child becomes a GBU member and remains a member as long as the policy is active GBU members have access to special members-only discounts, events and contests as well as education, volunteer, scholarship and grant opportunities
Cash Value Growth. Youth 3 Pay Life insurance accumulates cash value that can be borrowed against, with interest, used to help your child secure funds for educational loans, home loans, or for emergency situations
Dividends. Youth 3 Pay Life insurance is expected to earn dividends that can be used to purchase additional paid-up coverage, held with interest or paid out in cash.
Competitively Priced Coverage Policy face values range from $5,000 to $50,000 for youth of current ages 0–17 Policy rates are based on age, gender and amount of coverage requested Policy is paid in full in three annual payments.
Expand your child's benefits
Choose from these optional riders
Accidental Death Benefit Rider
Guaranteed Purchase Option Rider
AM BEST RECOGNIZES GBU LIFE’S FISCAL RESPONSIBILITY AND GROWTH BY RATING US A- (EXCELLENT)
As of 6/15/23, AM Best Company updated GBU Financial Life’s A- rating, which we have maintained since 2017. Third-party ratings are subject to change. An A- (Excellent) rating is the third best out of 17 possible rating categories. For the latest AM Best’s Credit Rating, access www.ambest.com
ACCIDENTAL DEATH BENEFIT
HOW IT WORKS
In the event of a covered accidental death, GBU pays the benefit amount, shown in the Policy Schedule, to the Beneficiary upon receipt of due proof of the accidental death of the Insured. This benefit will be paid in addition to any other benefit provided by the policy.
WHAT IS COVERED?
Accidental death of the Insured must result from injury, directly and independently of all other causes; occur within 180 days after the date of the injury; result from accidental injury which occurs while this Rider is in full force and effect; result from accidental injury which occurs prior to the anniversary on or following the 70th birthday of the Insured.
WHAT IS NOT COVERED?
Benefits will not be paid under this Rider when the death of the Insured results from suicide, whether sane or insane; any kind of war, declared or undeclared, or any act or incident of war or an armed conflict involving the armed forces of one or more countries; the commission of, or attempt to commit, a felony; active participation in a riot or insurrection; the voluntary taking of any drug, unless prescribed or administered by a physician and taken as prescribed by a physician; the voluntary inhalation, absorption, taking or administration of any poison, gas or fumes unless as a direct result of an occupational accident; travel in or descent from any kind of aircraft except as a commercial, fare-paying passenger; injuries sustained in consequence of the Insured’s voluntarily being legally intoxicated under the laws of the jurisdiction where the
GUARANTEED PURCHASE OPTION
HOW IT WORKS
This Guaranteed Purchase Option Rider grants the right to have GBU issue one or more new policies on the Insured’s life without evidence of insurability. The face amount for each new policy may not be in excess of the amount shown in your Policy Schedule as the Guaranteed Purchase Option amount.
WHEN CAN MY CHILD PURCHASE MORE COVERAGE?
Coverage can be purchased between 30 days before and 30 days after the Policy Anniversary Date in the year that the Insured’s age attained is 25, 28, 31, 34, 37 and 40. This Rider expires on the anniversary nearest the Insured’s 40th birthday.
ARE THERE OTHER TIMES WHEN MORE COVERAGE CAN BE PURCHASED UNDER THIS RIDER?
Additional coverage can be purchased during a substitute purchase period, which is within 60 days of a marriage, birth or adoption of a child. This can be done only if the Rider is in effect and there is a right to increase during the next purchase period. If the Owner elects to purchase more coverage during this substitute purchase period, they cannot purchase during the next regular purchase period.
This Rider will terminate on
The date on which the policy terminates;
The date on which any premium due for this agreement remains unpaid at the end of the Grace Period;
The date we receive your written request to cancel this agreement;
The expiry date of this agreement. This is the Policy Anniversary which is nearest to the Insured's 40th birthday.
GBU Life is the marketing name for GBU Financial Life. Life insurance is underwritten by GBU Financial Life (GBU), Pittsburgh, PA. Dividends are not guaranteed. 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. A parent or legal guardian must sign the application. If the policy is to be owned by someone other than the parent or legal guardian, the parent or legal guardian must also sign the application. Riders are optional and have additional fees associated with them. 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 rider coverage 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: ICC19-Y3Pay, FL20-Y3Pay, Gen-Y3Pay, ND-Y3Pay, ICC20-R-ADB, R-ADB-03.20-FL, R-ADB-3.20, R-ADB-03.20-SD, ICC20-R-GPO, R-GPO-03.20-FL, R-GPO-03.20.
GBU-Y3P-PS-0424