Find the Gainbridge annuity that fits your financial goals
Gainbridge offers four annuities — each with different features, tax treatments, and benefits. This guide breaks down how they work so you can decide what fits your goals.
Let’s start with the basics
Before we get into all of the products, it helps to understand a few key annuity terms you’ll see throughout this page.
MYGA (Multi-Year Guaranteed Annuity)
A MYGA allows you to lock in a fixed interest rate for a set number of years — similar to a CD, but with higher interest rates.3
FIA (Fixed Indexed Annuity)
A FIA is credited interest based on the market performance of the index it tracks, but your principal is protected — you won’t lose your original investment even if the market drops.
GLWB (Guaranteed Lifetime Withdrawal Benefit)
A feature that guarantees an annual income for life — even if your account balance hits zero.
At a glance
See how FastBreak™, SteadyPace™, ParityFlex™, and OneUp™ compare across the things that matter most.
FastBreak™
SteadyPace™
ParityFlex™
OneUp™ 5
Annuity type
MYGA
MYGA
MYGA with GLWB
FIA
Term Length
3 -10 years
3 -10 years
5 years
7 years
Current Rates
5.45% - 5.80% APY
5.45% - 5.80% APY
5.30% - 5.60% APY
Up to 60% over 5 years
Tax treatment
Pay taxes on interest annually
Pay taxes when you withdraw
Pay taxes when you withdraw
Pay taxes when you withdraw
Access to funds6
Withdraw up to 10% annually, no IRS early withdrawal tax penalty
Withdraw up to 10% annually (59½+ to avoid IRS early withdrawal tax penalty)
Withdraw up to 10% annually (59½+ to avoid IRS early withdrawal tax penalty)
Withdraw up to 10% annually (59½+ to avoid IRS early withdrawal tax penalty)
Growth potential
Fixed rate
Fixed rate
Fixed rate
Index-linked, with 1% annual min / 60% cap7
Principal protection
100%
100%
100%
100%
Lifetime income guaranteed
No
No
Yes (guaranteed annual income for life)
No
Common goals for customers
Access to earnings before retirement age, without IRS early withdrawal tax penalties
Saving for retirement with guaranteed growth and deferred taxes
Securing guaranteed income for life, even after account value runs out
Higher growth opportunity without risking your initial investment
Fees or commissions
None
None
None
None
Insurer AM Best Rating1
A- (Excellent)
A- (Excellent)
A- (Excellent)
A- (Excellent)
FastBreak™
A multi-year guaranteed annuity (MYGA) with a fixed rate — and the only one that’s non-tax deferred. You can even earn interest and take withdrawals at any age, without the usual IRS early withdrawal tax penalties.
Key benefits
Withdraw 10% annually without penalty
Fixed interest rate for the full term
No fees or commissions
CD-like flexibility with annuity-level rates
Who might this be right for? Someone who is…
Wanting access to their earnings before retirement age
Avoiding a large tax bill at the end of a term
Looking for a fixed-rate product without an IRS early withdrawal tax penalty
Important details
Interest earned is taxed each year, rather than at the end of the term. Withdrawals made greater than the free withdrawal amount of 10% are subject to surrender charges.
SteadyPace™
A tax-deferred MYGA designed for retirement-minded savers who want predictable, guaranteed growth with tax-deferred earnings that help accelerate their money’s growth over time.
Key benefits
Tax-deferred growth
Fixed rate between 3-10 years
No fees or commissions
Popular pick for retirement-focused savers
Who might this be right for? Someone who is…
Saving for retirement with tax-deferred interest
Earning a fixed rate over a known term
Diversifying a conservative portfolio
Important details
Taxes on interest are deferred until you withdraw funds. If you take money out before age 59½, a 10% IRS early withdrawal tax penalty may apply in addition to regular income taxes.
ParityFlex™
A tax-deferred MYGA that includes a Guaranteed Lifetime Withdrawal Benefit (GLWB), offering steady growth and an annual paycheck for life — even if your account hits $0.
Key benefits
Guaranteed income for life
Tax-deferred fixed-rate growth
No fees or commissions
Helps turn savings into a predictable retirement paycheck
Who might this be right for? Someone who is…
Looking for income they can count on in retirement
Wanting to combine guaranteed growth with guaranteed income
Hoping to avoid outliving their savings
Important details
The guaranteed rate may be slightly lower than other MYGAs because of the lifetime income benefit. IRS early withdrawal tax penalties apply if you withdraw before age 59½, and the percentage used to calculate your lifetime income depends on your age when income starts.
Age on Income Start Date
Lifetime Withdrawal Percentage
59 - 64
5.00%
65 - 69
6.00%
70 - 79
7.00%
80+
8.00%
OneUp™
A fixed index annuity (FIA) tied to the performance of the S&P 500® — with guaranteed principal protection, 1% minimum annual interest, and a capped upside of up to 60% of the S&P 500® over 5 years.
Key benefits
100% principal protection
Guaranteed 5% total interest after 5 years (1% per year)
Credited up to 60% of the growth of the S&P 500® index if the market performs well
No fees or commissions
Who might this be right for? Someone who is…
Wanting market growth potential without risking their initial investment
Preparing for retirement with market-based upside potential
Locking in at least some growth no matter how the market performs
Important details
Growth is tied to the S&P 500® index and calculated point-to-point over 5 years, with capped 60% growth. If you withdraw before age 59½, a 10% IRS early withdrawal penalty may apply.
Don't just take our word for it
Hear what real customers have to say about their experience with Gainbridge — from buying online to growing their savings with confidence.2
Dave's review
I have several annuities with various insurance companies. I like that with Gainbridge you don't deal with a middle-man broker. The process is simple and the website/user interface is very good. Interest rates are some of the best.
David
Locked in great rate!
It was easy to set up my account and transfer of funds went smoothly. Also, I appreciate my locked-in interest rate that was the best at the time I was searching. I only wish I would have know about Gainbridge sooner.
Dgb
Good Customer Service
The information on your website was accurate and it was easy to talk to a representative both before and during the opening of the account. The rates are the best!
Linda
A real person
First, when you call you get a real person on the phone! They were patient, helpful and guided me through the process to purchase my product successfully...a wonderful and satisfying experience!
Nancy
One of the best 5-yr MYGA (annuity) rates around
One of the best 5-yr MYGA (annuity) rates around and fast and easy to complete the process online. No need for an agent to get involved, which makes things even easier and faster. Will likely do business again.
Tom
Competitive rates and good customer service
Very competitive fixed annuity interest rates and easy and clear site. Also, provided informative and friendly customer service.
William
As a first time online annuity…
As a first time online annuity purchaser I was anxious about the process. I spoke with Amanda and Tiffany at different times. Each were very helpful and patient. Tiffany especially was able to make me feel that there was someone at Gainbridge who cared about my experience and would follow through with what needed to be done to help me complete the process.
Rachel
Good Rates, easy account opening
Website is informative and easy to navigate. On line chat person clearly answered all of my questions. With the information I received, I felt comfortable opening my first ever annuity. Opening an account was straightforward and very easy. Current rates offered are significantly better than CD rates.
Robert
Strength and stability at the core of every product
Gainbridge® is part of Group 1001, which has $68.5 billion in assets under management.4 Our annuities are issued by Gainbridge Life Insurance Company, rated A- (Excellent) for financial strength by AM Best1 — one of the most trusted insurance rating agencies.
Learn more before you decide
Explore practical guides that break down key annuity concepts and planning strategies — no fluff, no jargon.
What Are The Best Annuity Options for Retirement?
Looking for the best annuity for retirement? Explore top annuity types for income, growth, and security. Find your fit with Gainbridge.
Read the article
Fixed Income Annuity Guide
Understand how fixed income annuities provide stable, guaranteed payments for life. This guide explains how they work and their role in retirement planning.
Read the article
Multi Year Guaranteed Annuity
Discover how multi-year guaranteed annuities (MYGAs) provide stable, guaranteed returns for individuals looking to secure their retirement savings.
Read the article
Are Annuities Safe?
Discover whether annuities are safe and learn how to manage risks to make informed decisions. Explore options with Gainbridge®.
Read the article
Still have questions?
Get answers to the most common questions about our products and how they work.
How is FastBreak™ different from other fixed annuities?
FastBreak™ is the only non-tax deferred MYGA available on the market. Non-tax deferral means you pay taxes on your interest each year — and you can access your money at any age without IRS early withdrawal tax penalties, unlike most annuities.
How are Gainbridge® rates so high?
By offering annuities directly, we eliminated the middleman, getting rid of hidden fees and commissions, putting more money back in your hands.
Can my ParityFlex™ annuity run out of money?
Your account balance can reach zero, but your income won’t stop. ParityFlex™ includes a guaranteed lifetime withdrawal benefit, so you’ll keep receiving your annual income for life.
Is Gainbridge® a trusted company?
Yes. Gainbridge® is backed by Gainbridge Life Insurance Company, rated A- (Excellent) by A.M. Best, and part of Group 1001, with over $68.5 billion in assets under management.
How does Gainbridge make money?
Gainbridge® is invested in traditional investments like corporate bonds, mortgage backed securities and similar securities.
Can I use retirement funds to buy my Gainbridge® annuity?
Yes — for most products. You can use retirement funds (like a 401(k), IRA, Roth IRA, or even funds from another annuity) to purchase SteadyPace™, OneUp™, or ParityFlex™, since they’re all tax-deferred. FastBreak™ is the only Gainbridge annuity that cannot be purchased with qualified retirement funds.
What happens if the market goes down while I have OneUp™?
You won’t lose your principal. OneUp™ offers guaranteed protection — even in a down market, you’ll still earn a 1% annual interest credit (5% total over the 5-year term).
What fees or commissions should I expect?
None. Gainbridge® sells directly to customers online — no agents, no commissions, and no annual fees.
What is the financial strength of Gainbridge®’s issuing insurance company?
Gainbridge Life Insurance Compant is rated an A- (excellent) financial strength rating by AM Best, an insurance company.
A.M. Best Company assigns ratings from A++ to S based on a company’s financial strength and ability to meet obligations to contract holders. A- (Excellent) is the 4th highest of 16 ratings. For more information about the rating, visit www.ambest.com
