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DualTrack Income

In recent years, the Delaware Life Insurance Company has grown into a respected force in the retirement planning sector, being originally established in 2013. A proud subsidiary of Group 1001, Delaware Life offers flexibility to its customers through a variety of annuities, such as fixed, fixed-indexed, and variable annuities. Investing in such products allows customers to better save for retirement and receive a long-term income stream in the process. The company’s mission rests on being a reliable partner to its clients, empowering each one to take steps towards a comfortable retirement.

DualTrack Income

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

10 Years

Surrender schedule

10%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, SEP IRA, and IRA-Roth

Launch Date

10/21/2024

DualTrack Income is a modified single premium deferred annuity with index‐linked options, which means you buy it with one or more premium payments within a specified period and payouts begin at a future date; You don’t pay taxes on the interest it earns until the money is paid to you.
DualTrack Income includes a Guaranteed Lifetime Withdrawal Benefit (GLWB) that tracks the growth of two income paths – a roll-up base and a performance base.

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	2.9% Fixed
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Annual	45% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate	Point to Point Annual	50% Participation
1-Year Barclays Aries PTP Participation Rate	Point to Point Annual	65% Participation
1-Year Fixed Account	Fixed	3.15% Fixed
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Annual	50% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate	Point to Point Annual	55% Participation
1-Year Barclays Aries PTP Participation Rate	Point to Point Annual	70% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	10%	9%	8%	7%	6%	5%	4%	3%	2%	1%

Riders

Name	Inbuilt	Fee
DualTrack Income GLWB Rider	Yes	1.20% annually

Waivers

Death

Withdrawal Charges and MVA do not apply to death benefit payments.

Nursing Home

Unavailable in states: CA

After a period of one year, you may withdraw money from your annuity without a surrender charge to pay for an eligible nursing home. Contract must be purchased prior to owner’s attained age of 76 for the nursing home waiver.

Terminal Illness

Unavailable in states: CA

After a period of one year, you may withdraw money from your annuity without a surrender charge to pay for an eligible hospice care. Contract must be purchased prior to owner’s attained age of 70 for the terminal illness waiver.

Annuitization

Withdrawal Charges and MVA do not apply to the entire Account Value that is applied to an annuitization Settlement Option.

Premium Notes

Minimum initial premium payment

$25,000 for both qualified and nonqualified money

Subsequent payments

Available before your first contract anniversary (modified single premium index annuity)
Minimum: $500
Maximum total premium cannot exceed $1M without prior approval
If you make any additional premium payments during the premium payment period, the premiums will be allocated to the Fixed Account.
Subsequent premium not permitted after any owner/annuitant has attained age 80.

Withdrawal Provisions

Free withdrawal amount10% of the total premium payments during the first contract year; greater of 10% of the last contract anniversary account value or required minimum distribution (RMD) amount, if any, in the contract years thereafter.Market value adjustment Applies to withdrawals and surrenders greater than the free withdrawal amount; waived at death.

Company Founded: 2013

Excellent Rated Company

Delaware Life Insurance Company

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