INDIANAPOLIS – Gainbridge, an online financial services company that offers annuity products simplified for the modern age, has reached a multiyear agreement to become the presenting sponsor of the Indianapolis 500 starting with the 2019 edition of the world’s most prestigious auto race.
Gainbridge also will become the official annuity and life insurance partner of INDYCAR, IMS and the Indy 500.
The announcement was made Wednesday during a press conference at Indianapolis Motor Speedway featuring Indiana Gov. Eric Holcomb, Hulman & Company President and CEO Mark Miles, Group1001 President and CEO Dan Towriss and IMS President J. Douglas Boles.
The 103rd Indianapolis 500 presented by Gainbridge is scheduled for Sunday, May 26. The race is the crown jewel of the NTT IndyCar Series and the largest single-day spectator sporting event on the globe.
“We welcome Gainbridge to this new partnership with ‘The Greatest Spectacle in Racing,’” Miles said. “Gainbridge offers a bold, new way to steady growth, and we’re honored that the platform is being launched through this association with the Indianapolis 500 – an exciting global event with a rich history and a bright, dynamic future. It’s a perfect fit.”
Gainbridge is a digital-first annuity and life insurance agency on a mission to equip people for action. It puts power directly into clients’ hands with intuitive tools and an offering of high-yield products designed to grow their money for goals big and small, not just retirement. Products Gainbridge offers provide three key benefits: steady growth, simplicity and transparency.
As Gainbridge expands nationally, its association with the Indy 500 as presenting sponsor will provide a key platform for brand recognition and customer acquisition. The products Gainbridge offers are currently available to residents of Indiana, Illinois, Massachusetts and New Jersey, with service expanding to many more states in the coming weeks. For more information on Gainbridge, visit www.gainbridge.life.
“Gainbridge’s simplified approach to delivering annuities empowers investors who seek to maximize performance, but stay out of trouble, amidst today’s market volatility”, said Towriss, CEO of Group 1001, Gainbridge’s parent company. “In investing, like in racing, anything can happen. The key is to stay calm and have a strategy in place to hedge for the unexpected. The amazing parallels between Gainbridge’s philosophy and racing make our Indy 500 partnership that much more meaningful.”
Since last year, Group1001 has sponsored the Andretti Autosport car driven by American Zach Veach in the NTT IndyCar Series. Group 1001 also has served as presenting sponsor of the Indy Women in Tech Championship LPGA tournament at Brickyard Crossing Golf Course since 2018.