A direct shopper pension supplier, Gainbridge provides quite a lot of pension merchandise designed to fulfill quite a lot of wants. Gainbridge goals to make these complicated monetary merchandise extra accessible to on a regular basis traders.
In case you are in search of a variety of pension choices, try the perfect pension corporations providing excessive buyer satisfaction and credit score scores and a set of merchandise.
This evaluate will contribute to Acquire Bridge, the pension it provides, its benefits and downsides, and whether or not Acquire Bridge is the precise selection for you.
What pensions does Gainbridge supply?
Gainbridge provides two important forms of pensions: multi-year assured annuities (Mygas) and glued index pensions.
- mygas It provides assured rates of interest over a sure interval, akin to 5 or seven years.
- Fastened listed pension It provides development potential associated to market indexes (such because the S&P 500) whereas defending principal from market losses.
Steadypace
As a set, multi-year assured annuity (MYGA), Steadypace provides a set rate of interest for a particular time frame to guard your preliminary funding. Steadypace provides stability, however doesn’t supply further optionally available perks or riders.
Steadypace is designed for these looking for assured revenue and key safety. You make a one-time funding and repeat the tax till your cash begins withdrawing revenue on future dates. This product provides aggressive rates of interest.
Quick break
FastBreak is one other Myga. This implies you’ll assure your preliminary funding and earn curiosity at a set price in sure phrases.
In contrast to most pensions, FastBreak doesn’t supply tax deferrals on the curiosity earned. Even earlier than you obtain cost, you borrow tax on curiosity yearly. This makes the breaking information extra like a certificates of deposit than a conventional pension.
Each Fastbreak and Steadypace are multi-year pensions, however they cater to the wants of a variety of traders.
- FastBreak is appropriate for many who might must entry cash earlier than age 59½ to keep away from a ten% IRS early withdrawal penalty.
- Steadypace is nice for these saving for retirement who plan to depart cash invested till age 59½.
Each merchandise enable for 10% withdrawal per yr with out penalty. If you might want to withdraw your contract early or waive it early, you’ll face a withdrawal price that ranges from 1-5% and market worth changes.
Parity Flex
ParityFlex is a multi-year assured annuity that mixes regular development with assured lifetime revenue. Your cash earns a set rate of interest for seven years and assured lifetime withdrawal advantages (GLWB) will make sure you obtain a lifetime predictable revenue stream. GLWB riders are included at no further price.
Your fee might be locked up from the primary day and your principal might be protected so long as you keep the contract all through the complete time period. When you’re able to stimulate your revenue, your funds are primarily based in your present account worth and the age of your time, and are assured for the remainder of your life.
ParityFlex additionally permits you to entry a few of your cash annually, however bigger withdrawals could cause charges and scale back future revenue.
OneUp
OneUP is a set index pension designed to supply each safety and upside potentialities. Your principal is 100% protected against market losses, and your funding will develop with a mixture of assured curiosity and potential earnings related to the S&P 500 index.
You should have the chance to earn as much as 60% of S&P’s development over the identical interval, along with the assured 1% annual curiosity credit score (5% whole for a 5-year time period). If the market drops, you’ll nonetheless keep your assured development – no charges or charges.
What’s a Acquire Bridge?
Based in 2018, Gainbridge is a digital first pension firm centered on simplifying the buying course of for its prospects. By streamlining operations on-line, Gainbridge goals to supply decrease prices and sooner transaction instances.
As of March 31, 2025, Gainsbridge, a subsidiary of Group 1001, a monetary companies group with roughly $68.5 billion beneath its administration, offers some safety to traders.
Headquartered in Indianapolis, Gainbridge pension merchandise are issued by Gainbridge Life Insurance coverage Firm.
Professionals and Cons of Acquire Bridge
Sturdy Factors
- Digital First Strategy: Acquire Bridge offers a handy and environment friendly buying course of.
- In-product range: Gainbridge meets the wants and danger tolerance of a variety of traders.
- Sturdy Monetary Help: Being a part of Group 1001 offers a degree of economic stability.
- Aggressive Curiosity Charges: Gainbridges usually present aggressive rates of interest for pensions.
Cons
- Restricted Product Vary: In comparison with some established pension suppliers, Gainsbridge’s product lineup is comparatively small.
- Lack of conventional agent help: Whereas digital approaches are environment friendly for a lot of, some choose face-to-face interactions with brokers.
- New Firm: Gainbridge has a shorter monitor file in comparison with a few of its opponents. This can be a priority for some traders.
Is the achieve bridge protected?
A key issue when contemplating pensions is the monetary stability of the issuing firm. Gainbridge is a part of Group 1001 and contains Delaware Life manufacturers, Clear Spring Life, RVI Group and extra.
Gainbridge has a robust ranking from AM Greatest. This can be a constructive indication of the corporate’s capability to meet its obligations to policyholders.
Nonetheless, we advocate that you simply carry out your personal due diligence or seek the advice of with a monetary advisor to totally perceive the dangers related to buying an pension.
The protection of your funding additionally is determined by the actual pension product you select. Some pensions, akin to fastened pensions, present extra safety for the principal than different years, akin to varied pensions. Earlier than signing a contract, please perceive the options and guarantee of every product.
Conclusion
Gainbridge provides enticing recommendations for these in search of a simple manner to purchase an pension. Its digital platform and aggressive charges are enticing options. Nonetheless, the restricted vary of merchandise and the shortage of conventional agent help could also be a disadvantage for some.