TruStage Lifetime Income Plan
The TruStage Lifetime Income Plan is a single premium immediate annuity (SPIA) that offers guaranteed monthly income that will not change—even if markets or interest rates fall. You can create a "personal pension plan" that delivers a guaranteed retirement paycheck every month for as long as you live. The cash refund guarantee ensures you will not lose any of your investment. The Lifetime Income Plan provides valuable retirement security for GHFCU members and helps you plan for the future with confidence.
Convenient, affordable availability
Members age 21–90 can purchase a TruStage Lifetime Income Plan for a minimum of $10,000. There are no health restrictions, and no fees or charges are assessed. The first payment begins one month after issue and is computed with a "single life" or "member and spouse" value.
Backed by a strong company
TruStage Lifetime Income Plan is underwritten by CMFG Life Insurance Company. As of December 2014, CMFG Life had over $58 billion in life insurance in force and currently administers over $4.5 billion in individual member annuities. CMFG Life has consistently earned an "A" (Excellent) rating for financial stability and operating performance from A.M. Best, a leading independent insurance rating firm.