Fixed index annuity review and rates

Aquila X

The Aquila X is a Modified Single Premium Annuity (Additional Premiums allowed Year 1). Fixed deferred annuities offer principal protection and principal growth.
Fixed annuities are insurance products designed to INSURE that you will never lose your money and offer the ability to create an income stream that you cannot outlive.
Tax-Deferred Growth
The money in your annuity grows taxdeferred, which means you will not pay taxes until you start taking your money. Therefore, it may help your savings accumulate faster.
Lifetime Income
There are several income options once you are ready to receive your retirement income. You can receive income as a single payment, as a series of regular payments over a specific period or as income for life, even when the value of the annuity is zero.
Avoids Probate
You have the capability of naming beneficiaries to receive the death benefit upon your death. Your beneficiaries will receive a death benefit equal to the account value if you die before receiving income payment. If you are receiving income payments, your beneficiaries may still be able to get the remaining payments, depending on the type of income stream you choose.
Valuable Guarantees
If you need access to your money, you may surrender your contract and will receive at least a guaranteed minimum value as defined in your policy.

For more information about this product, please see GCU website
Available in states: AZ, CO, CT, DC, FL, GA, ID, IL, IN, IA, KS, KY, MD, MI, MN, MS, MO, NV, NJ, NC, OH, PA, SC, TN, TX, UT, VA, WV, and WI

Allocation Accounts

Name Type Rates

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 8% 7% 6% 5% 4% 3% 2% 1% 1%


Name Inbuilt Fee
Income Elevate rider Yes None
Income Pro rider No None
Greek Catholic Union of the USA
Founded: 1892
A.M. Best: A-
S&P: A-
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and 1035 Exchange