Jun 1, 2023
Zionsville, Indiana (June 1, 2023) – Zionsville, Indiana – Gainbridge Insurance Agency, LLC (“Gainbridge”), a Group 1001 company, is pleased to announce the launch of OneUp™, a new registered index-linked annuity issued by Gainbridge Life Insurance Company through the Gainbridge® platform. The OneUp™ product is currently available at www.gainbridge.io.
OneUp™ is a financial product designed with flexibility and risk mitigation in mind. The flagship Coupon Indexed Strategy, where the OneUp™ name is derived, is a 3-month term strategy providing the returns of the S&P 500® Total Return Index, which includes the reinvestment of dividends, plus an annualized bonus of 1%.
There are also options to select strategies that provide greater downside protection for investors that prefer more certainty. The index crediting strategies provide investors growth opportunity based on the performance of the broad-based S&P 500® Index with the option to select from different levels of downside protection.
“We’re thrilled to expand the suite of financial products on the Gainbridge® platform with the announcement of OneUp™,” said Dan Towriss, President and CEO of Group 1001. “This reflects our commitment to providing access to a growing demographic of customers looking for thoughtful, transparent investment solutions.”
OneUp™ will be offered exclusively through the Gainbridge® platform, the commission-free digital direct-to-consumer distribution arm of Group 1001.
For more information on OneUp™ or Gainbridge®, please visit www.gainbridge.io.
Founded in 2018, Gainbridge® is an insurtech subsidiary of Group 1001 that empowers consumers to take control of their financial future with solutions that are accessible to everyone no matter their budget or financial knowledge. Its platform provides access to financial products that are simple, intuitive, and backed by smart technology with no complexity or hidden fees. Gainbridge® is headquartered in Zionsville, Indianapolis. For more information, visit www.gainbridge.io or follow and connect with us on Twitter and LinkedIn.
About Group 1001
Group 1001 Insurance Holdings, LLC (“Group 1001”) is a technology-driven financial services company with a mission to empower customers, employees, and communities by making innovative products accessible to everyone. Group 1001 strives to demystify how insurance and annuity products are purchased today by leveraging technology to provide intuitive financial solutions for all Americans. As part of its mission, Group 1001 invests in strategic partnerships to connect with and transform communities through education and sports. As of March 31, 2023, Group 1001 had combined assets under management of approximately $60.1 billion and comprises the following brands: Delaware Life, Gainbridge®, Gainbridge Life, Clear Spring Health, Clear Spring Insurance, and Clear Spring Life.
This material is authorized for use only when preceded or accompanied by the current contract prospectus. Before investing, investors should carefully consider the investment objectives and risks of the OneUp™ registered index-linked annuity (“RILA”). This and other important information is contained in the current contract prospectus here.
The S&P 500® Price Return Index and the S&P 500® Total Return Index (together, the “Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Gainbridge Life Insurance Company (“Gainbridge Life”). S & P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc.(“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Gainbridge Life. It is not possible to invest directly in an index. The OneUp™ RILA is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the OneUp™ RILA particularly or the ability of the S&P 500® to track general market performance. Past performance of an index is not an indication or guarantee of future results. The Index is determined, composed and calculated by S&P Dow Jones Indices without regard to Gainbridge Life or the OneUpTM RILA. S&P Dow Jones Indices has no obligation to take the needs of Gainbridge Life or the owners of the OneUpTM RILA into consideration in determining, composing or calculating the Index. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the OneUp™ RILA. There is no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment adviser, commodity trading, advisory, commodity pool operator, broker dealer, fiduciary, promoter” (as defined in the Investment Company Act of 1940, as amended), “expert” as enumerated within 15 U.S.C. § 77k(a) or tax advisor. Inclusion of a security, commodity, crypto currency or other asset within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, commodity, crypto currency or other asset, nor is it considered to be investment advice or commodity trading advice.
Investors are not buying shares of any stock or index and cannot invest directly in an index.
The OneUp™ RILA is distributed through an unaffiliated broker-dealer, J. Alden Associates, Inc. (“Alden Associates”) (FINRA/SIPC), 37 West Avenue, Suite 301,Wayne , PA 19087. Alden Associates is not subject to state or federal suitability requirements or best interest obligations in connection with the purchase of the OneUp™ RILA. This means that a financial professional will not conduct a suitability review of the purchase of the OneUp™ to determine if its features, benefits, risks, and fees are appropriate for purchasers based on their financial situation and objectives. The OneUp™ RILA is a complex insurance and investment vehicle designed for long-term investment purposes, and it is not suitable for all investors. It is not intended for someone who needs ready access to cash or who is seeking complete protection from downside risk. You should consider consulting with a third-party financial professional before you purchase the OneUp™ RILA.
Sep 28, 2023
Zionsville, IN (September 28, 2023) – Delaware Life, a Group 1001 company, today announced the appointment of Colin Lake as President and CEO of Delaware Life Marketing. Lake brings more than 26 years of experience to the role with a track record of leading sales teams toward sustainable, exponential growth. Tom Seitz,...
Sep 26, 2023
Mylo Embeds Access to its Home and Auto Insurance Solutions on the Gainbridge® Platform
ZIONSVILLE, IN (September 26, 2023) – Insurtech leaders Mylo and Gainbridge® today announced the launch of Gainbridge® Protect, which will embed Mylo’s guided auto and home insurance shopping experience into the Gainbridge® platform...
Sep 7, 2023
The Indy Women in Tech (IWiT) Summit took place Wednesday, August 30 in Indianapolis. Twenty-two employees from Group 1001 (including volunteers) attended the Summit, thanks to complimentary tickets from IWiT. More than 190 attendees in total enjoyed the session. The Summit was part of Rally, a three-day global innovat...
Sep 1, 2023
Zionsville, IN (September 1, 2023) - Gainbridge®, a Group 1001 company, announced that Minji Ro has joined the company as Chief Strategy Officer for the life and annuity businesses. Ro has extensive experience in financial services, process improvement, and implementing forward-thinking strategies that align with the c...
Aug 31, 2023
The Delaware Life Accelerator Prime® Variable Annuity (the APVA) has been named Best Annuities: Guaranteed Income with Some Flexibility, Liquidity, and Growth Potential by Barron’s. The list includes “annuities with the most competitive payouts or guarantees, all offered by insurers with top credit ratings.”
Aug 21, 2023
“Start where you are. Use what you have. Do what you can.” – Arthur Ashe, Former Pro Tennis Player
This quote describes the recent volunteer activity undertaken in Waltham as employees donated supplies, assembled and filled backpacks, loaded trucks, and delivered 255 fully-stocked backpacks to families in need with el...
Aug 17, 2023
Gu Xie, Head of Data Engineering for Group 1001, is already making huge waves as he approaches one year on the job, leading the transformation of the organization to become data-centric. Gu built an innovative platform from the ground up, focused on new capabilities and data to enable analytic outcomes and empower team...
Jul 28, 2023
Group 1001, Inc. would like to provide an update to our stakeholders concerning the February 9, 2023, ransomware attack on our information technology infrastructure.
As previously reported, we immediately launched an investigation to determine the full scope of the incident, and a team of leading third-party forensic e...
Jul 27, 2023
We are excited to work with 11 summer interns! Group 1001’s internships are designed to provide a highly engaging, real-life experience where students have the opportunity to work on real projects, make an impact, and gain valuable business skills.
“Group 1001 is committed to providing interns the opportunity to provide...
Jul 12, 2023
Delaware Life Insurance Company, a Group 1001 Company, has been recognized as a top-performing company in the insurance industry by Ward, an Aon company, who is a leading benchmarking provider for the insurance industry. This prestigious group of 50 companies is chosen based on publicly available data to identify the t...
Jun 28, 2023
Group 1001 received an HR Impact Award presented by the Indianapolis Business Journal! The company was recognized in the “employee experience” category, which acknowledges programs and efforts that make an organization a better place to work, whether that’s through strong benefits programs, work/life balance efforts, c...
Jun 21, 2023
Zionsville, IN (June 21, 2023) – Gainbridge®, a Group 1001 company, announced the appointment of Adam Harrington to the position of Vice President of Marketing. With more than 13 years of experience leading customer growth and helping companies elevate their marketing, Harrington will use his extensive background to le...
Jun 14, 2023
CEO and President Dan Towriss spoke at the Marketing Innovation Summit: Driving Brand Purpose, hosted by Eli Lilly and Company on May 25. Towriss presented “Why Motorsports” just prior to the Indy500 race presented by Gainbridge®. The summit featured thought leaders in the industry from companies including PepsiCo, Dom...
Jun 2, 2023
Santiago Vinoth Jeyaseelan is the VP of Product Management & Design for Gainbridge®. As a Forbes Technology Council member, he talks about the rapidly-evolving state of financial services. Jeyaseelan expands on the rise of embedded finance, the next wave, challenges ahead, and how embedded finance is “reshaping the...
May 25, 2023
Delaware Life’s Chief Legal Officer, Mike Bloom, and Vice President and Associate General Counsel, Maura Murphy, attended the Association of Life Insurance Counsel’s 2023 Annual Meeting in California on May 7-9. Their participation at the conference exemplified Delaware Life’s commitment to staying ahead of the curve, ...
May 25, 2023
Zionsville, IN (May 25, 2023) – Gainbridge Insurance Agency, LLC (“Gainbridge”), a Group 1001 company, announced today the upcoming launch of its business-to-business (B2B) “insurance-as-a-service” platform targeting leading financial technology companies with turnkey, intuitive savings, and retirement solutions for th...
May 18, 2023
A seasoned executive and three-time CMO of high-growth companies joins to lead Parity through its next phase.
Parity, and its parent company Group 1001, announced the hiring of Leela Srinivasan as its chief executive officer. Srinivasan, an experienced executive whose 25-year career has spanned roles in marketing, sale...
Mar 2, 2023
AM Best has commented that the Credit Ratings (ratings) of certain Group 1001 Insurance Holdings, LLC’s rated subsidiaries remain unchanged following the parent company’s disclosure that it sustained a cybersecurity attack that caused a network disruption and impacted certain systems.
According to the company, the follo...
Mar 1, 2023
Group 1001, Inc. would like to provide an update to our stakeholders concerning recent system interruptions experienced by certain Group 1001 Insurance member companies, including Delaware Life Insurance Company, Delaware Life Insurance Company of New York, Clear Spring Life and Annuity Company, Clear Spring Property a...
Nov 4, 2022
Delaware Life, a Group 1001 company, has been recognized in a recent Barron’s article, “The Best Annuities for Income and Growth.” Noting that sales of these investment products have surged this year, the article highlights Delaware Life’s Growth Pathway®Fixed Index Annuity and Apex MYGA®Fixed Annuity as standouts in t...