Apr 15, 2024
Corporate
New Savings Program Offers Higher APY by Combining Market Returns with a Guaranteed Yield
Gainbridge®, a Group 1001 company, and Save®Advisers, LLC, a technology and wealth management company, announced the launch of Market+ to address the needs of savers who want market participation with a minimum guaranteed return.
Market+ offers a hybrid yield structure, featuring a 3% guaranteed annual yield (returned in the form of an annual payment) alongside a market-linked yield with a variable APY of 5.41%*. The investment program has a three-year term and is principal guaranteed only when held to maturity.
“Savers today want the stability of a predetermined annual yield, but they also want the potential upside of participating in the markets as long as it doesn’t put their cash at risk. That’s why we created Market+,” said Michael Nelskyla, CEO of Save®.
When an investor opens a Market+ account, Save®allocates a portion of their deposit to a guaranteed interest rate product available through the Gainbridge®platform, while the remainder of the deposit is invested in the customer’s chosen investment portfolio, which is typically Save’s S&P Risk Controlled Portfolio.
“Market+ shows how the next generation of wealth advisors can create innovative savings and investment programs for consumers by embedding high-yielding insurance products,” said Jayant Walia, Director of Business Development at Gainbridge®.
Market+ pays the consumer a return of 3% of the deposit on an annual basis. Investors can withdraw this return at any time after disbursement. At program maturity after three years, the customer receives their last guaranteed return payment, their initial deposit, and the gains from their market-linked investments.
“Our investment strategy ensures that you can get your full investment back, that you will always make a minimum of 3% – even if the market declines – and that you will have an even better return if the market rises,” said Adam Watts, COO of Save®.
This partnership marks the second time Gainbridge®and Save®have worked together to create differentiated investment products. Through Gainbridge’s APIs, businesses can embed white-labeled insurance-backed products within their existing ecosystem under their own brand.
“Gainbridge’s cloud-native direct to consumer annuity platform empowers consumer fintechs to embed, launch, and grow a variety of innovative savings, investment, and retirement products built for the 21st century,” said Santiago Jeyaseelan, Vice President of Product at Gainbridge®.
*The non-guaranteed portion (strategy-linked security investments) advertised and presented for the Save®Market+ Program is based on historical performance in the S&P 500 Risk-Controlled Portfolio from 2009 to present and reflects the back-tested hypothetical customer account returns that could have been produced by the historical performance if the investment is held for the entire term selected (net of fees). All back-test statistics are hypothetical and have been designed with the benefit of hindsight.
The guaranteed interest rate product referenced is an annuity issued by Gainbridge Life Insurance Company, Zionsville, Indiana. Any withdrawal from the guaranteed interest rate product (above the 3% guaranteed return payment) will result in closure of the Market+ account and will result in surrender and/or withdrawal charges and a market value adjustment which may increase or decrease the amount withdrawn. All guarantees are based on the claims paying ability and financial strength of the issuing insurance company.
For more information about Market+ visit: https://joinsave.com/market-plus.
About Gainbridge®
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, Indiana. For more information, visit www.gainbridge.io or follow and connect with us on X and LinkedIn.
About Group 1001
Group 1001 is a collective that empowers companies to create positive growth. Our insurance and annuities are easy to understand and accessible to all. Our online investing platform gives individuals control over their savings. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports.
As of December 31, 2023, Group 1001 had more than 1,200 employees and combined assets under management of $62.6 billion, serving more than 950,000 customers. It comprises the following brands: Delaware Life, Gainbridge®, Clear Spring Health, Clear Spring Property and Casualty Group, Clear Spring Life and Annuity Company, and RVI Group, among others.
About Save® Advisors, LLC
Save®Advisers, LLC, is an SEC-registered investment advisor that brings sophisticated investments to everyday people who want higher returns on their savings without the risks of the stock market. Save was created by a team of financial industry veterans and technologists with experience at such well-respected financial firms and organizations as Goldman Sachs, UBS, and NASA. Learn more at www.joinsave.com. Follow and connect with Save® on LinkedIn, Facebook, Instagram, and X.
Dec 11, 2024
Corporate
S&P Upgrades Delaware Life Insurance Company Financial Strength and Issuer Credit Rating to A- with Stable Outlook
Delaware Life Insurance Company (“Delaware Life”), a Group 1001 Insurance company, today announced that S&P Global Ratings (“S&P”) has upgraded its issuer credit and financial strength rating from BBB+ to A- with a stable outlook.
Delaware Life’s upgraded S&P rating was assigned based on several factors cite...
Nov 15, 2024
Corporate
Employees Participate in Nasdaq Closing Bell
This week, employees attended the Nasdaq Closing Bell to celebrate the recent launch of Delaware Life's select Fixed Indexed Annuity products featuring the innovative Nasdaq-100 Volatility Control 12%™ Index. We are proud to be a Nasdaq partner. Learn more about how our annuities can help you power your retirement...
Nov 7, 2024
Corporate
Group 1001 Welcomes Tony Marichal as Vice President of Annuity Operations
Group 1001, a leading financial services company, announces Tony Marichal as Vice President of Annuity Operations of Group 1001 Life & Annuity.
Reporting to Chief Operating Officer Martin Woll, Marichal oversees the annuity operations for two Group 1001 companies, Delaware Life Insurance Company and Clear Spring Lif...
Oct 31, 2024
Corporate
Group 1001 Leverages Apprenticeships to Attract Tech Talent
Group 1001 and Franklin Skills Partnership
One year ago, Group 1001 and Franklin Skills (formerly Franklin Apprenticeship) partnered to launch Group 1001’s first apprenticeship program. This program provides employees with on-the-job tech training under the supervision of skilled IT managers and mentors and customized i...
Oct 21, 2024
Corporate
Gainbridge® and RetireOne® Partner to Offer Innovative Annuity Products to Registered Investment Advisors
Gainbridge®, through its Group 1001 affiliate, announced today a partnership with RetireOne, the leading independent platform in the annuity marketplace for registered investment advisors (RIAs). RetireOne, an outsourced insurance desk, provides RIAs and their customers valuable solutions that are simple to use, easy t...
Oct 7, 2024
Corporate
Group 1001 Announces Chief Risk Officer and Chief Internal Audit Officer Appointments
Group 1001 announces that Dan Healy has been appointed the Chief Risk Officer, Group 1001, and Mark McCallister has been promoted and will succeed Dan as Chief Internal Audit Officer.
Healy has been with Group 1001 for more than nine years and has been acting as the interim Chief Risk Officer for the Life & Annuity...
Aug 16, 2024
Corporate
Delaware Life Accelerator Prime® Variable Annuity Named to Barron’s 2024 List of Top 100 Annuities for Fifth Consecutive Year
Delaware Life Insurance Company, a Group 1001 company, announces its inclusion in the annual Barron’s list of “Top 100 Best Annuities.” This is the fifth consecutive year that Barron's has ranked Delaware Life Insurance Company annuities in the top 100.
Delaware Life Accelerator Prime® Variable Annuity was recogni...
Jul 24, 2024
Corporate
Group 1001 Wins Business Insurance Community Outreach Project of the Year
Group 1001 has won the 2024 U.S. Insurance Award for Community Outreach Project of the Year – Pro Bono and Volunteer for 1001 Hours of Impact.
This award from Business Insurance recognizes a community outreach project in 2023 by an organization operating in the commercial insurance and risk management sector that invol...
Jul 11, 2024
Corporate
Delaware Life Insurance Company Recognized as a 2024 Ward’s Top 50® Life-Health Company
Delaware Life Insurance Company, a Group 1001 company, has been named a Ward’s 50® top-performing life-health company for 2024. This placement positions Delaware Life Insurance Company in the top 50 of more than 700 life-health insurance companies for outstanding financial results in the areas of safety, consistency, a...
Jun 25, 2024
Corporate
Group 1001 Names Martin Woll as Chief Operating Officer
Group 1001, a leading financial services company, announces Martin Woll as Chief Operating Officer of Group 1001 Life & Annuity. A member of the executive leadership team and reporting to Group 1001’s President and CEO, Woll will lead the operations team, including the client experience, facilities, and corporate r...
Jun 20, 2024
Corporate
Annuity Myths and Truths
By Dale Uthoff, Chief Product Officer, Group 1001 Life and Annuity
June is National Annuity Awareness Month. Annuities can offer flexibility both in how you save for and receive money in retirement. It comes down to knowing that there are different types of annuities, each designed to address a specific need or life sta...
May 21, 2024
Corporate
Delaware Life Announces Enhancements to Fixed Index Annuities, Bringing Innovation and Diversification Including the Invesco QQQ ETF
To give consumers a simple, tailored way to diversify returns and guarantee higher minimum growth, Delaware Life Insurance Company (Delaware Life), a Group 1001 company, announces the addition of two diversified, multi-strategy Precision Portfolios as part of the Growth Pathway fixed index annuity (FIA). As an addition...
Apr 11, 2024
Sponsorship
Corporate
DUPR and Delaware Life Team Up to Fuel Growth of Pickleball
Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company and a leader in annuity and life insurance products, and DUPR (Dynamic Universal Pickleball Rating), today announced a long-term partnership dedicated to driving growth and innovation in pickleball.
Under the agreement, Delaware Life is the exclusi...
Mar 25, 2024
Corporate
Delaware Life Insurance Company Launches Innovative Fixed Index Annuity with Premium Bonus: PrimeStart Bonus 10SM
WALTHAM, Mass., March 25, 2024 - Delaware Life Insurance Company ("Delaware Life") has launched an innovative, flexible-premium fixed index annuity featuring a premium bonus. PrimeStart Bonus 10SM offers an exclusive trifecta of features combining the power of a 10% premium bonus, interest crediting that’s ba...
Mar 11, 2024
Corporate
Group 1001 Names Boaknin as Chief Information Officer
Zionsville, Ind. (March 11, 2024) – Group 1001, a leading financial services company, announces Nick Boaknin as Chief Information Officer. Boaknin previously held the role of Technology Transformation Leader.
As Chief Information Officer, Boaknin will assist Group 1001’s Technology team in building and delivering high-...
Mar 7, 2024
Corporate
Sponsorship
Group 1001 Includes Women Employees’ Names on Race Cars in Honor of Women’s History Month
Group 1001, a leading financial services company, is off to the races to recognize and honor women employees and financial advisors during Women’s History Month in March.
To celebrate women working for Group 1001, more than 450 woman employees’ names will be included Sunday, March 10 on two Group 1001 company race cars...
Mar 5, 2024
Corporate
Sponsorship
Gainbridge® Signs College Basketball Star Caitlin Clark as Brand Ambassador
Gainbridge®, a Group 1001 company, announced today a multi-year partnership with Iowa women’s basketball star Caitlin Clark to serve as brand ambassador for the company. The company also announced a new product now available on the Gainbridge® platform, ParityFlex™, a multi-year guaranteed annuity product created for w...
Feb 27, 2024
Corporate
Group 1001 Announces Two Vice President Technology Hires
Zionsville, IN (February 27, 2024) - Group 1001, a leading financial services company, announced the addition of Tricia Borcherding as Vice President, Technology Governance and Walter Hjelmar as Vice President, Platforms and Cloud.
In the role of Vice President, Technology Governance, Borcherding will shape and oversee...
Feb 8, 2024
Work Life
Corporate
Celebrating Black History Month
Every February, the United States honors the contributions, sacrifices, and achievements of Black Americans who have helped shape the nation. We’ve asked several Group 1001 employees how they celebrate Black History Month and what it means to them.
Black History Month originally started as National Negro History Week in...
