Retirement Stages Select 5
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.
Retirement Stages Select 5
Ratings:
- A.M. Best A-
- Fitch A-
- S&P BBB+
- Comdex 55
About Product
Retirement Stages Select may be a good fit if:
- You are at or nearing retirement
- You are seeking downside protection for money you can’t afford to lose
- You are looking for opportunities to grow your nest egg without putting it at risk
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.4%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.25%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.65%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8%
Performance triggered
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit with Flex-Lock |
Point to Point with Volatility Limit
Annual
|
85%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with 2% Boost and Knockout with Flex-Lock |
Point to Point with Boost and Knockout
Annual
|
165%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock |
Point to Point
Annual
|
100%
Participation
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit with Flex-Lock |
Point to Point with Volatility Limit
Annual
|
95%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with 2% Boost and Knockout with Flex-Lock |
Point to Point with Boost and Knockout
Annual
|
180%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock |
Point to Point
Annual
|
110%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for Retirement Stages Select 5 annuity.
Waivers
Bail-Out
You may make a full or one-time partial withdrawal from your annuity without a surrender charge or MVA if the renewal cap rate for the S&P 500 1-year point-topoint with cap index strategy falls below the bailout cap rate.
Death
Market value adjustment waived at death.
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.
Premium Notes
18-85
Premium
- Minimum initial premium payment: $25,000 for both qualified and nonqualified money; Flexible premium deferred annuity
- Subsequent payments: Minimum: $500; Maximum total premium cannot exceed $1M without prior approval.
- Subsequent payments not permitted after any owner/annuitant has attained age 85
Withdrawal Provisions
After the first contract year, you may take up to 10% of the last contract anniversary value or a Required Minimum Distribution (RMD), if greater, without a surrender charge or MVA
Market value adjustment
Applies to withdrawals and surrenders greater than the free withdrawal amount; Waived at death.
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