Delaware Life Insurance Company
4.2
based on complex data
Annuity Educator Rating
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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-brochure DualTrack Income-brochure

DualTrack Income

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Term
10 Years
Surrender schedule
10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
80
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
2.8% Fixed
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year Nasdaq-100 Volatility Control 12% PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year Barclays Aries PTP Participation Rate
Point to Point
Annual
55% Participation
1-Year Fixed Account
Fixed
3% 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
60% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates
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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
Company Ratings
4
  • A.M. Best A-
  • Fitch A-
  • S&P BBB+
  • Comdex 55
Assets: $28,363,054,818
Delaware

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