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. |
District 684 Brentwood, Pennsylvania and District 699 Frankenmuth, Michigan
A Life Dedicated to Heritage, Fellowship, and Service
The GBU Life Scholarship Awards support students in college, trade programs, non-college programs, and graduate school, helping them achieve their dreams, setting them on a career path and realizing life goals. Since its founding, the GBU Foundation has awarded 4,500 scholarships and educational grants totaling more than $3.2 million. In 2025, 215 members received $226,000 to support their two‑year, four‑year and graduate studies. Here’s a look at where the rubber meets the road — as we check in on past grantees to see how their scholarship awards have helped them stay on course, where they are now, and where they hope to be in the future.
GBU Life is expanding the power of your member benefits with an enhancement to LawAssure, the easy‑to‑use online service that helps you prepare essential legal documents from home.
A guide for navigating miscarriage, stillbirth, and the grief that follows.
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.