Delaware Life Insurance Company
5.0
based on complex data
Annuity Educator Rating
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Retirement Stages Select 7

The Retirement Stages Select 7 is an annuity product that could be your ticket to a worry-free retirement. It offers a solid, dependable income stream that you deserve. It's like a paycheque that lasts all through your golden years.

As a bonus, let's not forget the peace of mind that comes from knowing your financial future is secure. Make the smart choice for your future with Retirement Stages Select 7. Relax, you've earned it!

Retirement Stages Select 7-brochure Retirement Stages Select 7-brochure

Retirement Stages Select 7

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About Product

Type
Fixed Index
Purpose
Accumulation
Term
7 Years
Surrender schedule
8%
7%
6%
5%
4%
3%
2%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and 1035 Exchange
Launch Date
04/24/2023
Retirement Stages Select is a fixed index annuity that offers growth potential and principal protection to help you reach your retirement goals. 
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 
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
4.4% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.25% 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
6.75% Performance triggered
1-Year Fixed Account
Fixed
4.65% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.25% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
50% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
7.85% 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
160% 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
70% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate
Point to Point
Annual
75% Participation

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
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Riders

No Riders for Retirement Stages Select 7 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

Issue ages
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

Free withdrawal amount 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.

Company Founded: 2013
Excellent Rated Company
Delaware Life Insurance Company
Company Ratings
4
  • A.M. Best A-
  • Fitch A-
  • S&P A-
  • Comdex 55
Assets: $28,363,054,818
Delaware

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