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Gainbridge Life Insurance Company holds an A- (Excellent) financial strength rating from AM Best. That's the 4th highest rating out of 16. For more information about the rating, visit www.ambest.com.

Gainbridge Life Insurance Company (NAIC #15691), is a Delaware-domiciled insurance company with its principal office in Zionsville, Indiana. Gainbridge Life is licensed and authorized to do business in 49 states (excluding New York and Puerto Rico).

You buy directly from us online, which means we don't pay agent commissions or broker fees. Those savings go straight to your rate.

We invest in both public and private markets, including traditional investments like corporate bonds, mortgage-backed securities, and similar securities. Our investments are based on fundamental credit analysis and are well-matched with the policies we write. Most of the returns are credited to you. We keep a small spread to cover our costs and run the business.

We use industry-standard security measures to protect your account, including password protection, encryption, two-factor authentication, and regular security audits.

Gainbridge Save is a fixed annuity that guarantees your interest rate for a set term (3-10 years). It's designed as an alternative to CDs and other savings products, offering competitive rates with the security of state guarantees.

You can open either a Traditional account (for flexible goals like education, safety nets, or legacy) or a Retirement account (for long-term retirement savings with tax-deferred growth).

There are no annual fees, no sales commissions, and a $1,000 deposit minimum. You manage everything online, but real people are available whenever you need help.

Your money earns guaranteed interest, and you can access up to 10% penalty-free each year if you need it.

Gainbridge Save can be purchased by anyone 18 years or older and it is available in 49 states. We're currently licensed in all states except New York and Puerto Rico.

Some products have age restrictions for those 80-90 years old. Check product details or contact us for specifics.

$1,000 for Gainbridge Save.

You can start an application here.

Once you select the account type that fits your goals (Traditional or Retirement), you'll enter some basic information to submit an application online.

You can then fund your annuity from a checking or savings account, a check, or a qualified transfer (typically an IRA, 401(k), 1035 exchange, or Roth IRA).

No. You open your account directly on our website without going through an agent or broker. This keeps costs down and puts you in control.
However, if you have questions along the way, we have a 100% US-based team of licensed experts available by phone, email, or chat to help.

Yes, you can transfer or rollover funds from your IRA, 401(k), or Roth IRA to purchase a Retirement account. If you choose the Traditional option, you'll use funds from a regular checking or savings account.

Bank transfers typically take 2-5 business days. Transfers from retirement accounts or other annuities typically can take up to 30 days.

Your money starts earning interest the day we receive and verify your funds. So while your deposit is verified and settles, you're not missing out on interest with us. Your Gainbridge Save active date matches the day your funds arrive at Gainbridge, so you won't lose a day of interest.

Your name, address, date of birth, email address, cell phone number, and Social Security Number. Your Social Security number is required by federal law to verify your identity and prevent money laundering activities. Our application does not run a credit check and will not impact your credit score.

See our Privacy Policy for more information about how we collect, use, and protect your information.

A 1035 exchange allows you to transfer funds from an existing annuity or insurance policy into a new annuity without triggering taxes on any gains from the original contract.

A rate lock secures the current interest rate for a certain period while you transfer funds to purchase your annuity. Your rate will be locked in for 30 days from the day you sign your application. After 30 days, your rate will update to what the current rates are at the time of funding.

Retirement Account qualified transfers (deposits coming from a 401(k), IRA, etc.) get a 45 day rate lock since they typically take longer to process.

Your money moves directly from your bank or current institution to Gainbridge. For bank transfers (ACH), funds typically leave your account within 1-2 business days and your contract will typically become active within 2-5 business days total.

For retirement account transfers or 1035 exchanges, your current institution processes the transfer, which typically takes up to 30 days. Once we receive the funds from the transferring company, your account will be active.

Your rate lock is good for 30 days from the day you sign your application. If your funds don't arrive within 30 days, your application will be updated to reflect the current rates at the time of funding. To avoid this, make sure to initiate your funding method as soon as you complete your application. For retirement transfers that may take longer, contact us, and we can help.

Gainbridge Save is available in 49 states. We're currently licensed in all states except New York and Puerto Rico.

Most people complete the application in minutes. You'll need basic information like your name, address, date of birth, and Social Security Number. You can save your progress and come back to finish later if needed.

Our team is here to help. Call 1-866-252-9439, email team@gainbridge.com, or use our online chat Monday through Friday from 8AM to 5PM EST. We'll walk you through any questions you have.

No. You do not need a financial advisor to purchase Gainbridge Save. We designed our product so that all the information you need is transparently on our website and you have the ability to choose the options that fit your goals. If you have questions along the way, our licensed team is here to help. That said, if you work with a financial advisor, they can certainly help you determine if Gainbridge Save fits into your broader financial plan.

When you buy direct, you get a similar product with better rates because we don't pay agent commissions. Those savings go directly to your rate. You also have full control over the process and timeline. You can research, compare, and purchase on your schedule. Our licensed team is available if you have questions, but there's no sales pressure or pitch.

Your rate is locked for 30 days from when you sign your application. As long as your funds arrive within those 30 days, you'll get the rate you locked in, even if rates have changed. If your funds arrive after 30 days, you'll receive the current rate at the time of funding.

Yes, you can purchase Gainbridge Save online through our platform without needing to use an agent.

With a Save Retirement account, your earnings grow without being taxed each year. You pay income tax when you withdraw your funds at the end of your term. Because withdrawing funds before 59 1/2 years old triggers a 10% IRS tax penalty with Retirement accounts, this is typically better for retirement savings.

With Save Traditional, your earnings are taxed annually, similar to a CD. This spreads out your tax bill and avoids a large tax at the end of your term. It also means no IRS early withdrawal tax penalty, regardless of your age.

A Save Retirement account allows your earnings to accumulate without being taxed until you withdraw them. This can help your money grow faster over time since you're earning interest on money that would otherwise go to taxes each year.

A Traditional account is one where you pay taxes on earnings in the year they are earned, rather than deferring them until withdrawal. Your earnings are taxed annually, similar to how a CD works.

It depends on your timeline and plans. Save Retirement may be better for retirement savings, and if you expect to be in a lower tax bracket when you withdraw.

Save Traditional may be better for flexible savings goals, if you want access to your money before age 59 1/2 without IRS early withdrawal tax penalties, or if you want to spread out your tax payments.

For Retirement Save accounts, you'll receive a 1099-R when you make withdrawals. For Traditional Save accounts, you'll receive a 1099-OID every January showing the prior year's credited interest, whether or not you made any withdrawals.

You can withdraw up to 10% of your deposit (in the first year, and account value each year after) without early withdrawal fees or market value adjustment, regardless of which account type you choose.

If you have a Save Retirement account and withdraw before age 59 1/2, you may face a 10% IRS early withdrawal tax penalty in addition to regular income taxes. Save Traditional accounts do not have this IRS early withdrawal tax penalty.

Gainbridge has no annual fees or sales commissions.

Each year, you can withdraw up to 10% penalty-free. Withdrawals above that amount are subject to withdrawal charges and market value adjustments. In your first year, the 10% is calculated from your initial deposit. After that, it's based on your account value each anniversary.

In the first year, you can withdraw up to 10% of your deposit. Starting in the second year, you can withdraw up to 10% of your account's anniversary value. These withdrawals are not subject to withdrawal or market value adjustment charges; however if you are under 59 1/2 an IRS early withdrawal tax penalty may apply to a withdrawal from a Save Retirement Account.

An early withdrawal fee applies to withdrawals over 10% in a given year before the end of your term. Early withdrawal fees typically start at 5% in the first year and decrease over the guaranteed term.

Each year, you can withdraw up to 10% penalty-free. Withdrawals above that amount are subject to withdrawal charges and market value adjustments.

In your first year, the 10% is calculated from your initial deposit. After that, it's 10% penalty free based on your account value each anniversary.

This gives you access to your earnings while your money continues to grow.

A Market Value Adjustment is an adjustment applied to withdrawals exceeding your 10% free withdrawal amount. This is an adjustment that reflects how current interest rates compare to the interest rates in effect when the contract was originally issued.

Your annuity contract includes these two waivers at no extra cost. If you become terminally ill with a life expectancy of nine months or less, or if you're confined in an eligible nursing home for 90 continuous days or more, we'll waive any withdrawal fees. An eligible nursing home is a licensed hospital or licensed skilled or intermediate confinement nursing facility where medical treatment is available.

The Terminal Illness waiver is available if you are 70 years old or younger at your annuity's issue date.

The Nursing Home waiver is available if you are 75 years old or younger at your annuity's issue date.

You can manage your annuity online through our secure portal at any time. You can log in to your portal here.

Access your account through our secure portal using your email and password. Log in here.

Contact us at 1-866-252-9439, email team@gainbridge.com, or use our online chat. To update beneficiaries, you can contact us or make the changes directly in your online portal here.

Yes. You can update your beneficiary anytime by logging into your online portal or by contacting us at 1-866-252-9439.

To make a withdrawal, contact us at 1-866-252-9439.

Your account value updates each business day and reflects interest credited and any withdrawals. The balance you see in your account is updated up to the previous business day.

Log in to your portal anytime to check your balance.

Interest compounds daily. Your guaranteed rate is an annual rate that you earn by keeping your money in the account for the full year.

If you withdraw before the end of your term, your earned interest will be less than the full annual rate since the compounding effect builds over time.

Your designated beneficiary will receive the full account value. Your designated beneficiary will receive the  contact value plus any applicable interest, less premium or similar tax, as applicable provided the annuity hasn’t converted to a settlement contract. As long as you have a designated beneficiary (other than an Estate), there are no probate delays, reductions, or early withdrawal fees.

Yes. As the annuity owner, you can designate a payee to receive the monthly payments. Otherwise, you, the owner, will receive the payments. All payments are reported under your Social Security Number to the IRS using Form 1099-R.

Call 1-866-252-9439, email team@gainbridge.com, or chat with us here. Our team is available Monday through Friday from 8AM to 5PM EST.

You start earning interest on the day we receive your funds. For bank transfers, this is typically 2-5 business days from when you initiate funding. For retirement transfers, it's usually when your previous institution releases the funds. Your interest rate is locked from the day you submit your application, and you'll earn that rate from the day we receive your deposit.

Yes. You can open multiple accounts with different terms or account types to fit different goals. Each account is separate with its own rate, term, and contract.

No. Gainbridge Save is a single-premium annuity, which means you make one deposit when you open your account. If you want to invest additional funds later, you can open a new annuity. You can do this to take advantage of current rates or to ladder savings across different terms.

Yes. You can withdraw your full balance at any time but early withdrawal fees and a market value adjustment will apply to the amount over your 10% annual free withdrawal. For example, if you have a $100,000 balance and withdraw the full amount in year 1, the first $10,000 is penalty-free. The remaining $90,000 would be subject to an early withdrawal fee and potentially a market value adjustment. Additionally, if you withdraw from a Save Retirement account and are under 59 1/2 a 10% IRS early withdrawal tax penalty may also apply.

If you have a Save Retirement account funded with qualified retirement money (like an IRA or 401(k)), you'll need to take Required Minimum Distributions once you turn 73. RMDs are not subject to early withdrawal fees or market value adjustments, even if they exceed your 10% free withdrawal amount.

Yes. You can cancel your application at any point before your contract is issued. Just contact us at 1-866-252-9439 or email team@gainbridge.io. If you've already funded your annuity and your contract has been issued and you are in your 30-day free look period and can still cancel for a full refund, forfeiting any interest earned.

You can:

Renew your contract for another term with a new interest rate

Withdraw your funds to a bank account or transfer to another account (like a 1035 exchange or rollover)

Annuitize your contract to receive regular income payments

You can receive your balance as a lump sum, convert it to regular income payments through annuitization, or roll it into a new annuity.

The free look period is a 30-day period after your annuity is issued. During this time, you can return your contract for a full refund of your premium payment, for any reason.

Annuitization is the process of converting your annuity into a stream of regular income payments, often for life. You can choose to annuitize anytime after one year of your contract issue date, including at the end of your term.

Gainbridge Save is a fixed annuity that locks in a guaranteed interest rate for 3-10 years. Your principal is protected, which means your balance will never go down due to market conditions. You choose your account type: Traditional or Retirement.

A fixed annuity is a contract between you and an insurance company. You make a deposit (called a premium), and in return, your money earns a guaranteed interest rate over a set period of time. At the end of your term, you can take your balance as a lump sum, convert it to regular payments, or roll it into a new annuity.

A MYGA is a type of fixed annuity that offers a guaranteed interest rate for a specified period, usually ranging from 3 to 10 years. It provides stable, predictable returns and either tax-deferred or non-tax-deferred growth, depending on which option you choose. Gainbridge Save is a MYGA.

Guaranteed growth at a fixed rate, principal protection (your balance can't decrease due to market conditions), predictable returns you can plan around, and flexibility in how your earnings are taxed. Annuities can provide guaranteed income in retirement and death benefits for beneficiaries.

Both offer fixed interest rates and protect your principal. Fixed annuities often have higher rates and provide more flexibility in how earnings are taxed. CDs are FDIC-insured, while fixed annuities are backed by the issuing insurance company's financial strength.

A fixed annuity offers guaranteed growth at a fixed rate. A variable annuity’s returns are based off the underlying sub-account investments which are linked to market performance, which means your balance can go up or down.

A fixed annuity guarantees your rate for the full term. A fixed indexed annuity links your returns to a market index (like the S&P 500). Your principal is protected with both, but indexed annuities have variable returns based on market performance.

Fixed annuities are backed by the financial strength of the issuing insurance company.

Most annuities are tax-deferred, meaning your interest grows without being taxed until you withdraw.

Gainbridge offers both:

Retirement Save (tax-deferred) - Interest grows tax-deferred. Withdrawals are taxed as ordinary income.

Traditional Save (non-tax-deferred) - Gainbridge created the first non-tax-deferred annuity on the market. Interest is taxed annually, just like a CD. This gives you the guaranteed growth of an annuity with the familiar tax treatment of a CD.

No. Gainbridge Save is a fixed annuity issued by Gainbridge Life Insurance Company, while CDs are issued by banks. However, the Traditional option works similarly to a CD with fixed rates and interest taxable as earned.