FastBreak™
About this product
FastBreak™ is a Single Premium Individual Deferred Annuity offered by Gainbridge Life Insurance Company. Designed for individuals seeking fixed, guaranteed growth on their savings, it allows for accumulation over a guaranteed interest rate period. Unlike traditional tax-deferred annuities, FastBreak™ is a non-qualified product where interest is taxed annually, but it avoids the federal 10% excise tax on early withdrawals. It appeals to savers who prioritize predictable returns, flexibility at term-end, and who are comfortable with taxable annual interest growth.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 3 Years | 5.75% |
| 4 Years | 5.75% |
| 5 Years | 5.80% |
| 6 Years | 5.80% |
| 7 Years | 5.80% |
| 8 Years | 5.80% |
| 9 Years | 5.80% |
| 10 Years | 5.80% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $1,000.00 - $99,999.00 | 5.45% |
| $100,000.00 - $1,000,000.00 | 5.75% |
| Features | |
| Maximum Issue Age | 90 years |
Lifetime Income Details
Payout Options
Additional Options
Actual payout options may vary by insurance carrier and specific products. Common alternatives include:
- Life Income Only: Payments for the rest of your life, stopping upon death
- Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
- Life with Period Certain: Lifetime payments with a minimum guaranteed period
- Joint Life: Payments continue for both you and your spouse's lifetimes
- Systematic Withdrawal: Regular withdrawals of a specified amount or percentage