Explore your annuity options
Based on your answers, a Non–Tax-Deferred MYGA may best suit your goals — take a closer look and see how it compares to the others.
FastBreakTM
May be ideal for:
those who want to purchase an annuity and withdraw their funds before age 59½
Withdraw before 59½ with no IRS penalty
Fixed interest rate for the full term
No fees or commissions
Avoid a surprise tax bill at the end of your term
SteadyPaceTM
Tax-deferred growth
Fixed rate between 3-10 years
No fees or commissions
Zero risk to your principal
ParityFlexTM
Guaranteed income for life
Tax-deferred fixed-rate growth
No fees or commissions
Keeps paying even if your account hits $0
OneUpTM
100% principal protection
Growth potential linked to the S&P 500®
Up to 60% growth if the market performs well
No fees or commissions
FastBreak™
FastBreak™ is a Multi-Year Guaranteed Annuity (MYGA) with a fixed interest rate, and the only MYGA that isn’t tax-deferred. It provides predictable growth with the flexibility to earn interest and take withdrawals at any age, without IRS penalties.
This type of annuity may be a good fit if you’re…
National average APY around 4.83%
Preferring to pay taxes annually rather than at the end of a term
Comparing against CDs but looking for higher potential profit
Key benefits:
Guaranteed fixed rate for the full term
Withdraw up to 10% of your account value annually without penalty
No hidden fees or commissions
Interest taxed annually, avoiding a lump-sum bill at the end
Note: Withdrawals beyond the annual allowance may be subject to surrender charges, depending on timing.
Why Gainbridge®
Gainbridge® is a digital-first annuity platform built to make long-term savings simple, direct, and transparent.
4.5/5 stars on Trustpilot
Rated “Excellent” by real customers who value transparency, reliability, and results.
$72.9 billion in assets
Part of Group1001, managing over $72.9 billion across trusted financial products.
A- (Excellent)
AM Best rating
Rest assured with our strong financial stability recognized industry-wide.
Questions? Get answers from FastBreak™ customers
I’ve heard negative things about annuities — why should I consider FastBreak™?
“While I consider myself an above-average investor, I have to admit that I was not very familiar with the Gainbridge annuities and based on all the negative research I’ve done on traditional annuities, I was concerned about putting my money into this; but considering they offer their FastBreak MYGA with as little as a 3 year contract, I considered it better than any other CD or money market account I can find at the moment.”
Is the process to set up FastBreak™ complicated?
“I discovered that Gainbridge offered a high-yielding annuity (FastBreak) online. I completed a straight-forward, simple application and received a response within 24 hours. My annuity was up and running within three business days. I could not be happier with my decision to invest through Gainbridge.”
Are FastBreak™ annuities accessible and transparent?
“It has the highest % I could find from any company. I liked the ease of setting it up. I like that I can watch the growth daily if I so choose. My last annuity was through a broker. This meant a lower % for me as the broker had a cut and I had to contact the broker every time I wanted to know the balance. My broker said that no annuity allows you to see daily updated balances. I told him that Gainbridge does. He didn’t know how to respond to that. I plan to open a second annuity soon.”
What it’s like to save with Gainbridge®
Hear about the experience, straight from one of our customers.
Compare all
Gainbridge® annuities
You’ve seen how a non–tax-deferred MYGA works, but it’s just one of the options available. Gainbridge® offers four annuity types, each designed for different savings goals and preferences. Explore them side by side to decide what fits you best.
Still have questions?
We have the answers.
What is a non–tax-deferred MYGA?
A non–tax-deferred Multi-Year Guaranteed Annuity (MYGA) provides a fixed interest rate for a set number of years. Unlike tax-deferred MYGAs, the interest you earn is taxed annually rather than when you withdraw funds.
Can I access my money before retirement age?
Yes. With FastBreak™, withdrawals before age 59½ are not subject to the 10% IRS penalty that typically applies to tax-deferred annuities. Withdrawals beyond the annual allowance may be subject to surrender charges, depending on timing.
How much can I withdraw each year?
Most contracts allow you to withdraw up to 10% of your account value each year without withdrawal charges. Withdrawals above this amount may incur charges.
Will I owe taxes on my earnings?
Yes. With FastBreak™, interest is taxed each year in the year it is earned. This means you won’t face a lump-sum tax bill at the end of the contract, but you will pay taxes annually on credited interest.
What happens if I keep my money in until the end of the term?
Your account will continue to earn the guaranteed fixed interest rate until the end of the chosen term (e.g., 3–10 years). At maturity, you can withdraw your funds, renew for another term (if available), or transfer into another annuity.
How is a MYGA different from a CD?
Both provide a fixed interest rate for a set term, but MYGAs are insurance products and not bank products. MYGAs are backed by the financial strength of the issuing insurance company, not FDIC insurance. They may also offer features like penalty-free withdrawals that CDs do not.
Are there fees or commissions?
All Gainbridge® annuities do not charge fees or commissions to the policyholder.
