Fascinating (seriously). Thank you for actually buying the product and reporting on it.So it looks like Gainbridge is unwinding its OneUp business.
I received a message saying they are halting sales of the product due to disappointing demand.
The good news is that they are offering a buyout for contract value + 25% and eliminating surrender fees for the sake of simplifying their books.
So, all in all, not bad performance for 9 months: s and p 500 total return +1 % + 25%, or beating the index by 34.3% annualized.
My only regret is that I didn’t “go big” so I wouldn’t have to worry about running up against my state’s guarantee limits.
Too bad not enough people got in to make it worthwhile for them. It was a good product.
Statistics: Posted by nisiprius — Sat Dec 07, 2024 7:12 am — Replies 95 — Views 12227