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 returns.
FIA (Fixed Index Annuity)
A FIA means your growth is tied to how the market performs, 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.
Strength and stability at the core of every product
Gainbridge® is part of Group 1001, with $67.8 billion in assets under management. Our annuities are issued by Gainbridge Life, rated A- (Excellent) for financial strength by AM Best — one of the most trusted insurance rating agencies.
At a glance
See how FastBreak™, SteadyPace™, ParityFlex™, and OneUp™ compare across the things that matter most.
FastBreak™
SteadyPace™
ParityFlex™
OneUp™
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
Up to 60% over 5 years
5.30% - 5.60% APY
Tax treatment
Pay taxes on interest earned
Pay taxes when you withdraw
Pay taxes when you withdraw
Pay taxes when you withdraw
Access to funds
Withdraw up to 10% annually, no IRS penalty
Withdraw up to 10% annually (59½+ to avoid IRS penalty)
Withdraw up to 10% annually (59½+ to avoid IRS penalty)
Withdraw up to 10% annually (59½+ to avoid IRS penalty)
Growth potential
Fixed rate
Fixed rate
Fixed rate
Market-linked, with 5% min / 60% cap
Principal protection
100%
100%
100%
100%
Lifetime income
No
No
Yes (guaranteed annual income for life)
No
Common goals for customers
Access to earnings before retirement age, without tax penalties
Saving for retirement with guaranteed growth and delayed taxes
Securing guaranteed income for life, even after account value runs out
Earning higher returns without risking your initial investment
Fees or commissions
None
None
None
None
AM Best Rating
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 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 early withdrawal penalties
Important details
Interest earned is taxed each year, rather than at the end of the term. Withdrawals made early in the contract may still be subject to surrender charges, depending on the timing.
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 penalty may apply in addition to regular income taxes.
OneUp™
A fixed index annuity (FIA) tied to the S&P 500® — with guaranteed principal protection, a 1% minimum return, and a capped upside of up to 60% over 5 years.
Key benefits
100% principal protection
Guaranteed 5% total return (1% per year)
Up to 60% growth 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
Locking in at least some return no matter how the market performs
Important details
Growth is tied to the S&P 500 and calculated point-to-point over 5 years, with capped 60% growth. If you withdraw before age 59½, a 10% IRS penalty may apply.
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 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%
Learn more before you decide
Explore practical guides that break down key annuity concepts and planning strategies — no fluff, no jargon.
Portfolio rebalancing
Learn with Gainbridge how you could rebalance your portfolio to manage risk, stay aligned with goals, and avoid tax surprises.
Read the article
Decumulation strategy
Learn what decumulation is and gain strategies to help manage your retirement income confidently with Gainbridge.
Read the article
How to beat inflation
Worried about rising prices? Learn how to beat inflation with smart investment strategies that protect your savings. Discover options with Gainbridge.
Read the article
Tax sheltered annuity (TSA)
Learn how tax-sheltered annuities can grow your retirement account tax-deferred.
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. That means you pay taxes on your interest each year — and you can access your money at any age without IRS 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?
es. Gainbridge® is backed by Gainbridge Life Insurance Company, rated A- (Excellent) by A.M. Best, and part of Group 1001, with over $67.8 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. Most of the returns are credited to the annuity owner.
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 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
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