What is an annuity
An annuity is a financial product that can provide guaranteed income over time. You make a premium payment upfront, and in return, earn interest, and can receive regular payments for a specified period or for life.
Fixed annuities offer tax advantages, predictable income, and protection from market volatility. Unlike some other financial products, fixed annuities guarantee your principal and provide a fixed interest rate, ensuring you’ll never earn less than the guaranteed minimum.
The Gainbridge® SteadyPace™ and FastBreak™ annuities help you maximize your earnings through competitive rates (up to 5.80% APY¹), no hidden fees or commissions, and a straightforward online experience that puts more money back in your hands.
Fixed annuities offer tax advantages, predictable income, and protection from market volatility. Unlike some other financial products, fixed annuities guarantee your principal and provide a fixed interest rate, ensuring you’ll never earn less than the guaranteed minimum.
The Gainbridge® SteadyPace™ and FastBreak™ annuities help you maximize your earnings through competitive rates (up to 5.80% APY¹), no hidden fees or commissions, and a straightforward online experience that puts more money back in your hands.
Types of annuities
Different annuities serve various financial goals, each with distinct features:
Fixed Annuities (like SteadyPace™ and FastBreak™): Offer principal protection and a guaranteed interest rate for the contract term.
Fixed Indexed Annuities (like OneUp™): Offer principal protection, a guaranteed minimum return, plus potential for higher gains linked to market performance, without direct market exposure.
Variable Annuities: Allow for investment in market-based options through subaccounts with higher growth potential, but also more risk.
Immediate and deferred annuities: Immediate annuities begin payments soon after purchase, while deferred annuities (like SteadyPace™) can grow tax-advantaged over time before payments begin.
SteadyPace™ provides tax-deferred growth specifically for retirement, while FastBreak™ offers taxable growth with flexibility for many various financial goals.
Fixed Annuities (like SteadyPace™ and FastBreak™): Offer principal protection and a guaranteed interest rate for the contract term.
Fixed Indexed Annuities (like OneUp™): Offer principal protection, a guaranteed minimum return, plus potential for higher gains linked to market performance, without direct market exposure.
Variable Annuities: Allow for investment in market-based options through subaccounts with higher growth potential, but also more risk.
Immediate and deferred annuities: Immediate annuities begin payments soon after purchase, while deferred annuities (like SteadyPace™) can grow tax-advantaged over time before payments begin.
SteadyPace™ provides tax-deferred growth specifically for retirement, while FastBreak™ offers taxable growth with flexibility for many various financial goals.
Annuity payout options
When your annuity term ends, you have several options for receiving your money:
Lump Sum: Receive your entire balance at once, providing immediate access to your funds.
Systematic Withdrawals: Take regular payments in an amount and frequency of your choosing until the account is depleted.
Lifetime Income: Convert your balance into guaranteed payments for life, ensuring you'll never outlive your money.
Period Certain: Receive payments for a specific timeframe (5, 10, 20 years).
Joint Life: Extend payments to cover both you and a spouse, providing financial security for both lifetimes.
With Gainbridge®'s straightforward approach, you can easily understand your options and choose the payout method that best aligns with your financial goals, whether that's generating retirement income with SteadyPace™ or maintaining flexibility with FastBreak™.
Lump Sum: Receive your entire balance at once, providing immediate access to your funds.
Systematic Withdrawals: Take regular payments in an amount and frequency of your choosing until the account is depleted.
Lifetime Income: Convert your balance into guaranteed payments for life, ensuring you'll never outlive your money.
Period Certain: Receive payments for a specific timeframe (5, 10, 20 years).
Joint Life: Extend payments to cover both you and a spouse, providing financial security for both lifetimes.
With Gainbridge®'s straightforward approach, you can easily understand your options and choose the payout method that best aligns with your financial goals, whether that's generating retirement income with SteadyPace™ or maintaining flexibility with FastBreak™.
