Let’s Compare Qualified and Non-Qualified Annuities
April 20, 2022
| Qualified | Non-Qualified |
|---|---|
| Funded with pre-tax money. | Funded with post-tax money. |
| Taxes are paid after retirement when distributions are made. | No income taxes paid on principal upon withdrawal. Taxes are only due on interest earned. |
| Less expensive to fund now. Tax savings occurs immediately. | More expensive to fund now. Tax savings occurs in the future. |
| Traditional retirement accounts such as 401k and IRAs are qualified retirement savings vehicles. | Withdrawals are taken from accrued interest first and are taxed until all interest is paid, then principal is paid out tax free. |
There’s something about summer that makes even the simplest meal feel like a celebration.
Summer vacation is an exciting time packed with trips, camps, and sports, but we’ve all reached that point where we hear those dreaded words: “I’m bored!” With GBU Life’s Give Back Group benefit, you can keep your family busy while helping others without the pressure of covering project costs.
It is time, once again, for the GBU Life annual summer photo contest! Send us your favorite photo that depicts the contest theme, The Golden Hour.
Building a Home and Community for Vulnerable Veterans
We are pleased to present the candidates for the 2026 GBU Life Board of Directors election.
As Chief Financial Officer, part of my role is to help ensure GBU Life remains financially strong, provides good value to its members and is able to meet future benefit obligations.
GBU Life members between the ages of three and nine years old can enter their colored page in this year's contest, which is themed The Golden Hour.
Is It Time to Update Your Will?
October 1, 2025 – December 31, 2025
2025 Financial Impact Report