Fixed index annuity review and rates

Target Income 10

Delaware Life Target Income 10 can help retirement savers capture a portion of the market’s upside growth potential while protecting their savings from the risks of market drops. But life can be full of surprises. Despite the best-laid retirement Plan A, you may need income sooner than planned - or not at all. That's why Target Income 10 is built for income, accumulation, and the flexibility you may need for real life. 
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
1.5% Fixed
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
90% Participation
1-Year Morgan Stanley Global PTP Participation Rate
Point to Point
Annual
90% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
4% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
25% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Spread
Point to Point
Annual
0.5% Spread
1-Year Fixed Account
Fixed
1.65% Fixed
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year Morgan Stanley Global PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
4.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
27% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Spread
Point to Point
Annual
0.25% Spread
1-Year Fixed Account
Fixed
1.8% Fixed
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
110% Participation
1-Year Morgan Stanley Global PTP Participation Rate
Point to Point
Annual
110% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Spread
Point to Point
Annual
0.1% Spread
1-Year S&P 500 PTP Cap
Point to Point
Annual
5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% 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%

Riders

Name Inbuilt Fee
Delaware GLWB Rider No 1.05% annually
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