For persons age 19 and above, the Ten-Year Level Premium Term policy may be the perfect answer to
life insurance planning. Issued at a minimum of $25,000 and in increments of $5,000, the policy is payable
monthly, semi-annually or annually in advance only (minimum monthly payment is $10). Premiums on the
policy increase every 10 years.
The perfect product for anyone looking for life insurance coverage of $100,000 or more, this product is issued from age 20 to age 80 for the 20 year product and age 70 for the 30 year product. The minimum death benefit is $100,000 for those age 50 and below, $50,000 for issue ages 51 to 65 and $25,000 for those over age 65.
For larger amounts of insurance protection, GCU offers an Annual Renewable Term policy. It’s issued to
persons age 15 and up, in amounts of $50,000 and above. (Rates per thousand are discounted as higher
levels of insurance are purchased.) Premiums increase every year and may be paid monthly, semi-annually
or annually in advance (minimum monthly payment is $10).
Term insurance offers a death benefit only and the Term to Age 30 policy will provide maximum protection
to young members at the following rates:
$50,000 insurance - $50 per year
$25,000 insurance - $25 per year