The Planned-Spend Account is an immediate annuity, form number GLA-SPIA-RL-01 or a variation of such, issued by Guggenheim Life (d/b/a Guggenheim Life and Annuity Insurance Company in California; NAIC#83607) ("Guggenheim Life"), a Delaware-domiciled insurance company with its principal office in Indianapolis, Indiana.
The Relay Planned-Spend Account is not FDIC insured, as it is issued by an insurance company and not a bank, but it is backed by Guggenheim Life and Annuity Company, a highly rated insurance company (B++ by A.M. Best). Relay® and/or certain features may not be available in all states. Guggenheim Life is licensed in all states except New York.
The Relay Planned Spend Account is not FDIC insured, is not guaranteed by the bank, is not a deposit account, and may lose value.
The funds in your Relay Card account will be FDIC-insured and held at Sunrise Banks, N.A. Member FDIC.