Answers to Frequently Asked Questions.
Fraternal Benefit Societies were developed in the 1800s as a way for people -- many of them immigrants who were new to the United States -- to work alongside those with common ethnic, religious, and...
GCU is a Fraternal Benefit Society founded in 1892. Founded by 14 independent lodges associated with Greek Catholic Churches (today they are called Byzantine Catholic and are members of the Eastern Catholic Church)...
The majority of Fraternal Benefit Societies do not maintain a rating issued by A. M. Best.
In that GCU does not subscribe to the rating services of A. M. Best, they did secure the services of Standard Analytical Service, Inc.
As a Fraternal Benefit Society, GCU is NOT part of the insolvency fund in any State...
GCU is technically a 501 (C)(8), DEBT FREE and does not have “outside investors”...
No. Although this WAS a requirement in the early years of the organization, the past leadership had the vision to see that this requirement would likely limit the future growth of the Society...
“Benefit” Membership is accomplished by being the Insured on any GCU Permanent Life Insurance plan, or by being the Annuitant on any GCU Annuity that has at least a $300 account value. ..