A Multi-Year Guaranteed Annuity (MYGA) is a fixed annuity offering a guaranteed interest rate for a specified period, typically 2 to 10 years. MYGAs are a low-risk investment choice, providing stability and predictability.

Additionally, MYGAs may include features such as the Guaranteed Lifetime Withdrawal Benefit (GLWB), allowing annuity holders to receive a guaranteed income stream for life, even after the initial guaranteed period ends. The GLWB enhances the annuity's income-generating potential, offering financial security by ensuring a steady income during retirement.

ParityFlex™ is for everyone, ensuring both men and women can confidently provide for their loved ones even after they're gone.

A GLWB provides security through guaranteed annual income payments for life, provided certain conditions are met – even if your Contract Value falls to $0. The GLWB allows for continued access to the Contract Value while you accumulate interest. More details can be found in the ParityFlex™ MYGA Product Summary.

At Gainbridge, the interest on our MYGAs compounds daily. This means that your earnings grow each day, which can enhance your overall interest accumulation. The accumulated interest is then added to your principal, further increasing your annuity’s growth potential over time. For detailed information about your specific annuity, feel free to contact our support team by calling 1-866-252-9439, emailing team@gainbridge.io, or submitting a form here.

Gainbridge’s MYGA does not offer dividends. Instead, it provides a guaranteed income stream based on your selected payout option. This ensures you receive consistent payments, often on a monthly basis, depending on the terms of your annuity. For more specific details about your annuity plan, please reach out to our customer support team by calling 1-866-252-9439, emailing team@gainbridge.io, or submitting a form here.

Choosing between a 401(k) and a ParityFlex annuity depends on your individual financial goals. ParityFlex offers the potential for guaranteed income for life, tax-deferred growth, and flexibility to adapt to changing needs. On the other hand, a 401(k) allows for higher contribution limits and employer match opportunities. Evaluating these benefits can help you determine which option aligns better with your retirement strategy.

With Gainbridge's MYGAs, you can choose options that provide guaranteed income for a specified period or for your lifetime, which means your income will not run out as long as the contract terms are met. However, if you select a period-certain option, payments continue only for that timeframe.

Your funds with ParityFlex™ are secure, as they are held in a product backed by Gainbridge Life Insurance Company, which is rated A- (excellent) financial strength rating of insurance company by AM Best.

In the unlikely event an insurer becomes insolvent, state guaranty associations may provide limited protection, funded through assessments on other insurers. ParityFlex™ is designed to prioritize safety and stability, giving you added peace of mind.

A MYGA can be a good investment for individuals seeking guaranteed, predictable income in retirement. It can help manage longevity risk and provide financial stability. However, whether it's the right choice depends on your personal financial goals, investment strategy, and overall retirement plan.

Pros:

• Guaranteed income for life
• Predictable cash flow
• Protection against market volatility
• Additionally, it can provide peace of mind knowing your basic living expenses are covered.

Cons:

• Limited liquidity and potentially lower interest earnings compared to other financial products.

It’s essential to weigh these factors based on your financial situation.