Money Moves Recent Grads Should Consider
January 3, 2025
Graduating from college is an exciting milestone, but it’s also the perfect time to focus on your financial future. Building on the foundation you’ve already laid the groundwork for with smart money choices will set you up for long-term success. Here are a few key financial products to consider as you take the next step.
Defined Benefit Annuity: If you want to take charge of your future retirement, starting early is key. Our Defined Benefit Annuity, a system that combines an online tool with our Future Flex Fixed Index Annuity, provides guidance for building a steady income stream for the future.
Whole Life Insurance: Whole life insurance policies not only provide life coverage but also build cash value over time, making them a smart financial decision. If you already have a Youth 3 Pay Life policy with a Guaranteed Purchase Option Rider, stick with it and keep adding to it! You can even borrow against the cash value to help with financial emergencies, a house down payment or other expenses.* If you do not have a Guaranteed Purchase Option Rider, now is a great time to purchase additional whole life insurance to build cash value and/or term insurance to help provide financial security for your loved ones in the future.
Term life insurance can help provide financial protection for your loved ones should you pass away unexpectedly. The death benefit can be used to pay off mortgage, student loan and other debt you may have accumulated as well as provide a memorial and legacy for your loved ones.
Your future starts now! Visit gbu.org and learn how you can set up the financial tools that can help you create a successful legacy.
GBU Life is the marketing name for GBU Financial Life. Life insurance is underwritten by GBU Financial Life (GBU), Pittsburgh, PA 15227. *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. Riders are optional and have additional fees associated with them. Products not available in all states. Please see policy and rider coverage for complete details. Contract Form Series: ICC23_FPDA_IA_CON_(01-23), FPDA_IA_CON_FL_(07-23), FPDA_IA_CON_(07-23), ICC19-Y3Pay, FL20-Y3Pay, GEN-Y3Pay, ICC20- ART, FL20-ART.2, GEN20-ART, ICC20-ST, FL20-ST.2, GEN20-ST.
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When it comes to planning for the future, there are few things more meaningful than knowing your legacy will make a lasting impact. At GBU, we’re proud to offer members the tools and resources needed to protect what matters most while also providing meaningful ways to give back.
Since December 2024, donors have contributed an impressive $1,443,000 to
the GBU Foundation, establishing new scholarship, educational grant and
donor-advised charitable funds. These gifts help to shape a brighter future for
students, communities and charitable causes across the country.
Legacy giving, also known as planned giving, is a meaningful way to leave behind an impact on the causes and organizations you care about. By incorporating life insurance and annuities into your estate planning, you can maximize the benefits of your legacy gifts, ensuring they are both impactful and tax efficient.