Fixed index annuity review and rates

Target Growth 10

Target Growth 10 is a flexible premium, tax-deferred, fixed index annuity (FIA) designed for customers looking for a strong accumulation solution that provides downside market protection. The product offers a variety of index account options so that customers are able to diversify across different index styles. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, 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% Fixed
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
135% Participation
1-Year Morgan Stanley Global Opportunities PTP Participation Rate
Point to Point
Annual
130% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate
Point to Point
Annual
150% Participation
1-Year Fixed Account
Fixed
3.25% Fixed
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
150% Participation
1-Year Morgan Stanley Global Opportunities PTP Participation Rate
Point to Point
Annual
145% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
35% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate
Point to Point
Annual
165% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 10% 10% 10% 10% 9% 8% 7% 6% 5%
Delaware Life
Founded: 2013
A.M. Best: A-
Fitch: A-
S&P: A-
Carrier details
Free withdrawal
10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, SEP IRA, and IRA-Roth