Fixed index annuity review and rates

Growth Pathway 7

Growth Pathway Fixed Index Annuity is an insurance product that offers protection for your money against a market downturn—with the opportunity for it to capture gains. It enables you to earn interest based on the performance of a specific market index, or a combination of indexes. 
  • Market Downside Protection – Your gains are locked in each year, meaning you can’t lose any of your payments or any credited interest due to market downturns or sudden market swings. 
  • Tax-deferred growth – You’ll have access to crediting strategies to help your money grow - four index options and one fixed account option. You can diversify your annuity by choosing one or a combination of strategies. And you won’t pay taxes on gains until you withdraw them. And the combination of compounded gains and a potentially lower tax bracket after you retire can help make your retirement savings go farther.
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.15% Fixed
1-Year RBA Select Equity Yield CIBC 5% PTP Spread
Point to Point
Annual
0.5% Spread
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year Morgan Stanley Global Opportunities PTP Participation Rate
Point to Point
Annual
95% Participation
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
36% Participation
2% Spread
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
26% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.5% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
5.75% Performance triggered
1-Year Fixed Account
Fixed
3.65% Fixed
1-Year RBA Select Equity Yield CIBC 5% PTP Spread
Point to Point
Annual
0.25% Spread
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
140% Participation
1-Year Morgan Stanley Global Opportunities PTP Participation Rate
Point to Point
Annual
135% Participation
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
42% Participation
2% Spread
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
32% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
7.5% Performance triggered
1-Year Fixed Account
Fixed
3.9% Fixed
1-Year RBA Select Equity Yield CIBC 5% PTP Spread
Point to Point
Annual
0.1% Spread
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
155% Participation
1-Year Morgan Stanley Global Opportunities PTP Participation Rate
Point to Point
Annual
145% Participation
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
45% Participation
2% Spread
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
35% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.25% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
8% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 6% 5% 4% 3%
Delaware Life
Founded: 2013
A.M. Best: A-
Fitch: A-
S&P: A-
Carrier details
Free withdrawal
10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, SEP IRA, and IRA-Roth