MULTI-YEAR GUARANTEED ANNUITY - jumbo cd rates 3 or better

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MULTI-YEAR
GUARANTEED
ANNUITY
Product Summary
Issued by Guggenheim Life and Annuity Company Issued by Guggenheim Life and Annuity Company
401 Pennsylvania parkway, suite 300 401 Pennsylvania parkway, suite 300
Indianapolis, in 46280 Indianapolis, in 46280
Gainbridge.Life -- team@support.gainbridge.life Gainbridge.Life -- team@support.gainbridge.life
(866) 252-9439 (866) 252-9439
MULTI-YEAR GUARANTEED ANNUITY PRODUCT SUMMARY
This is a summary of how the Gainbridge Multi-Year Guaranteed Annuity ("MYGA")
works. The complete terms and conditions about this product will be detailed in and
governed by your annuity contract. In this product summary, "you" and "your" refer
to the contract owner and "we," "us" and "our" refer to Guggenheim Life and Annuity
Company (d/b/a Guggenheim Life and Annuity Insurance Company in California)
(the "Company"), which is the company issuing the Gainbridge MYGA.
WHAT IS THE GAINBRIDGE MYGA?
The Gainbridge MYGA is a single-premium deferred annuity contract issued on form
number GB-MYGA-01 or a variation of such. A single-premium deferred annuity is an
accumulation product designed to guarantee the principal portion of your investment
and accumulate interest at a guaranteed rate over a specified investment period. The
Guaranteed Interest Rate Period (investment period) you select under the Gainbridge
MYGA may be any annual period from 3 to 10 years. The contract is non-participating,
which means that it does not share in the profits or surplus of the Company.
At the end of any Guaranteed Interest Rate Period investment period, you will have the
option of (1) continuing your Gainbridge MYGA contract by starting a new Guaranteed
Interest Rate Period, with a new Guaranteed Interest Rate, (2) withdrawing the
Account Value in a single payment, or (3) "annuitizing" your contract by converting the
Account Value into a series of guaranteed monthly payments over a period you select,
which may be any annual period from 5 to 10 years. If you do nothing, we will renew
your Gainbridge MYGA for a new Guaranteed Interest Rate Period. The Guaranteed
Interest Rate credited during any new Guaranteed Interest Rate Period will be based
on competitive, current interest rates at that time. Starting a new Guaranteed Interest
Rate Period will also reset your surrender charge period and the MVA reference rate
applicable to your contract.
CAN I ACCESS MONEY FROM MY GAINBRIDGE MYGA PRIOR TO THE END OF
A GUARANTEED INTEREST RATE PERIOD?
Yes, you can. You have the following options:
1. CANCELLATION WITHIN 30 DAYS OF CONTRACT ISSUANCE
You will have the right to cancel your Gainbridge MYGA for any reason within 30
days of having received your contract by sending written notice of cancellation to the
Company, or to an agent of the Company, by phone at (866) 252-9439 or by return of your
contract to the office of the Company. Upon cancellation, the Company will return your
investment, less any proceeds already paid to you by the Company.
Issued by Guggenheim Life and Annuity Company
401 Pennsylvania Parkway, Suite 300
Indianapolis, IN 46280
Gainbridge.Life -- team@support.gainbridge.life
(866) 252-9439 GBMYGA-SUMM-0119 | Page 1 of 6
2. ANNUITIZATION
You will have the right to annuitize your contract at any time, beginning in the second
year of your contract, by converting the Account Value into a series of guaranteed
monthly payments over a period you select, which may be any annual period from 5 to
10 years. Surrender charges may apply if you annuitize your contract before the end of
your fifth contract year.
3. AFTER THE FIRST YEAR, FREE WITHDRAWALS UP TO 10% OF ACCOUNT VALUE
We understand that an unplanned need for liquidity can arise. That's why, beginning
in the second year of your contract, you may make annual withdrawals from your
Gainbridge MYGA of at least $250 and up to 10% of your Account Value (as of the
previous contract anniversary) without incurring a withdrawal charge.
4. OTHER WITHDRAWALS OR SURRENDERS DURING A GUARANTEED INTEREST
RATE PERIOD
The Guaranteed Interest Rate applicable to your Gainbridge MYGA contract is offered
with the expectation that you will maintain your contract for the entire Guaranteed
Interest Rate Period. If you choose to make withdrawals in excess of the 10% free
withdrawal amount in any year or surrender your contract prior to the end of the
Guaranteed Interest Rate Period, we will apply a Market Value Adjustment and a
withdrawal or surrender charge to the amount withdrawn or surrendered that exceeds
the free withdrawal amount. Therefore, we recommend that you consider purchasing
a Gainbridge MYGA only if you feel confident about having enough liquidity to cover
living expenses and potential emergencies during the Guaranteed Interest Rate Period.
Please refer to the following schedule of withdrawal and surrender charges applicable
to Gainbridge MYGA contracts and sample calculation for withdrawals in excess of the
free withdrawal amount.
WITHDRAWAL AND SURRENDER CHARGES
(charges represented as a percentage of amount being withdrawn or surrendered)
YEAR 1 2 3 4 5 6 7 8 9 10
GUARANTEED INTEREST
RATE PERIOD (IN YEARS)
3 3% 2% 1%
4 3% 3% 2% 1%
5 3% 3% 3% 2% 1%
6 3% 3% 3% 3% 2% 1%
7 3% 3% 3% 3% 3% 2% 1%
8 3% 3% 3% 3% 3% 3% 2% 1%
9 3% 3% 3% 3% 3% 3% 3% 2% 1%
10 3% 3% 3% 3% 3% 3% 3% 3% 2% 1%
EXAMPLE
If you purchased a 5-year MYGA, your surrender charge in Year 3 will be 3% of your Adjusted Account Value.
Issued by Guggenheim Life and Annuity Company
401 Pennsylvania Parkway, Suite 300
Indianapolis, IN 46280
Gainbridge.Life -- team@support.gainbridge.life
(866) 252-9439 GBMYGA-SUMM-0119 | Page 2 of 6


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