What is the minimum guaranteed surrender value for Gainbridge FastBreak (California)?

This annuity allows you to invest a single premium and lock in a fixed interest rate for a chosen guaranteed interest rate period (3 to 10 years). It offers predictable growth, free annual withdrawals up to a limit, and a return of premium benefit specific to California. At the end of the term, you can renew, withdraw funds, or annuitize the value. The contract does not include optional riders and charges only apply for early withdrawals beyond free limits.

What is the minimum premium amount for Gainbridge FastBreak (California)?

The minimum premium amount is $1,000.

What is the maximum issue age for Gainbridge FastBreak (California)?

The maximum issue age is 90 years.

What is the current interest rate for Gainbridge FastBreak (California)?

The current interest rate is 4.45%.

What is the surrender charge schedule for Gainbridge FastBreak (California)?

Withdrawal charges apply to any amount withdrawn above the free withdrawal limit within the guaranteed interest rate period. The charge is a percentage of the amount withdrawn and decreases over time. For example, a 5-year contract has the following charges by contract year: 5%, 5%, 4%, 3%, 2%. These charges are waived for California residents under the return of premium provision, during the final 30 days of the period, or upon death or annuitization.

What are the best rates available for Gainbridge FastBreak (California)?

The best available rate is 5.80% for a 10 year term.

Gainbridge

Gainbridge FastBreak (California)

About this product

FastBreak™ is a single premium, individual deferred annuity designed for individuals seeking guaranteed accumulation of savings at a fixed interest rate over a selected term, with principal protection. It is issued by Gainbridge Life Insurance Company and tailored to California residents. Unlike most annuities, FastBreak™ is not tax-deferred—interest earned is taxable annually.

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	4.45%
$100,000.00 - $1,000,000.00	5.75%

Features
Maximum Issue Age	90 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

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