Oct 24, 2018
Corporate
Group1001 launches Relay®
Introducing a New Financial Product to Reward Smart Spending Habits with Incredible Cash-Back
Group1001 has unveiled today Relay®, a revolutionary financial product that rewards goal-oriented consumers with incredible cash-back on everyday expenses. Relay’s bold new insurtech offering couples an immediate annuity, issued by Guggenheim Life and Annuity Company, with a prepaid debit card offering cash-back rewards, and eliminates restrictions typical in these categories.
“Relay® was born out of a consumer need to make every dollar count and the ensuing frustration with the yields offered by traditional savings products and the restrictions typical to cash-back programs,” said Andres Barragan, Chief Experience Officer of Group1001. “Relay® delivers on that need with a completely fresh take on annuities that celebrates and rewards smart planning and spending habits. Relay® offers the opportunity to earn high cash-back where consumers may not be currently earning any rewards, so it’s really the new way to put your cash to work.”
Relay® offers planning-oriented reward seekers the opportunity to earn generous cash-back (on money that otherwise may sit in a low-yield account) by making purchases with the annuity payouts loaded to a prepaid debit card. In contrast to many rewards programs, Relay’s cash-back rewards have no category or merchant restrictions, blackout dates or annual fees. And unlike most annuities, Relay® can be purchased and managed entirely online and there are no contract fees or surrender penalties. Relay® provides a monthly cash flow stream over a predefined term and cash-back rewards of 3% to 13% each year, depending on the length of the plan chosen.
“We are thrilled to introduce Relay®,” said Dan Towriss, CEO of GROUP1001.
“This new product exemplifies our commitment to providing technology-led innovation and the finest services to a wider set of customers. We believe in financial empowerment and are pleased to offer our customers a revolutionary way to simplify and manage a household budget, and also get rewarded.”
Award-winning personal finance expert, Dominique Broadway of Finances De∙mys∙ti∙fied, endorsed Relay® and said, “After learning about Relay®, I couldn’t believe this product hasn’t been developed before. It’s a no-brainer that helps people make money off of their everyday expenses. Credit cards have fees. Annuities are stable but sometimes can be restrictive. It’s so smart to combine the power and everyday value of cash-back with a financial product with reliable returns, through a service experience attuned to today’s digital world.”
Relay® is now available in Illinois, Indiana, Massachusetts, and New Jersey, with service expanding to Florida and Texas on November 1st, 2018. Relay® will also be available in California in the next few weeks, with additional state expansion planned for the coming months. To learn more, please visit RELAYREWARDS.COM.
About Group 1001
Group One Thousand One, LLC (“Group1001”) is an insurance holding company in the United States, with current combined assets under management of approximately $37 billion as of December 31, 2017, and on a mission to make insurance and retirement products more useful, intuitive, and accessible so everyone can get the most value from their money.
For more information about Group1001, please visit GROUP1001.COM.
Media Contacts
Emily Weber – EMILY.WEBER@FLEISHMAN.COM
Disclosures
The Relay® Planned Spend Account is an immediate annuity, form number GLA-SPIA-RL-01, or a variation of such, issued by Guggenheim Life and Annuity Company (d/b/a Guggenheim Life and Annuity Company in California; NAIC # 83607) (“Guggenheim Life”), a Delaware-domiciled company. Relay® and/or certain features may not be available in all states. Guggenheim Life is currently authorized to do business in 49 states (all states except New York), the District of Columbia and Puerto Rico.
Jan 14, 2025
Corporate
Delaware Life Announces Suite of Innovative Fixed Index Annuities
Delaware Life Insurance Company, a Group 1001 company, announces three new innovative fixed index annuities (FIAs) – Momentum Growth™, Momentum Growth Plus™, and DualTrack Income™. These FIAs offer investors all the features and benefits of a traditional FIA with the flexibility to control and customize their risk whil...
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
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 stage.
According to LIMRA, U.S. annuity sales...
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 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 i...
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...
