Target Growth 10
The Target Growth 10 annuity is a brilliant choice for anyone looking secure their retirement. This annuity promises stable growth, safeguarding you from market downturns and providing a consistent retirement income.
With its flexibility in premium payments and access to your funds, the Target Growth 10 is designed keeping your individual needs in mind. It gives you peace of mind, while ensuring a predictable income for your golden years.
Target Growth 10
About Product
Precision Portfolios
In addition to the individual indexes, you also have access to two turnkey, diversified multi-index portfolios called Precision Portfolios. They are constructed using set percentage allocations to the individual index strategies we offer from S&P, Goldman Sachs, Franklin Templeton, and First Trust, as well as an allocation to the fixed account.
Please note that you may only select one Precision Portfolio to allocate 100% of your premium payment. Precision Portfolios are only available at contract issue, and the allocation percentages will not change over time. If you select a Precision Portfolio allocation at contract issue, any additional premium payment you make will be allocated to the Fixed Account. At renewal, you can transfer the entire amount to the same Precision Portfolio allocation previously elected or keep it in the Fixed Account. Clients may reallocate out of a Precision Portfolio on any contract anniversary.
Precision Core
S&P 500 1-year Point-to-Point with Cap: 20%
S&P 500 1-year Performance Trigger: 10%
S&P 500 Dynamic Intraday TCA Index: 10%
Nasdaq-100 Intraday Elite 15%: 10%
Goldman Sachs Canopy Index: 15%
First Trust Capital Strength Barclays 10% Index: 10%
Franklin SG Select Index: 10%
Fixed Account: 15%
Precision Edge
S&P 500 1-year Point-to-Point with Cap: 25%
S&P 500 1-year Performance Trigger: 5%
S&P 500 Dynamic Intraday TCA Index: 10%
Nasdaq-100 Intraday Elite 15%: 10%
Goldman Sachs Canopy Index: 15%
First Trust Capital Strength Barclays 10% Index: 15%
Franklin SG Select Index: 15%
Fixed Account: 5%
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.25%
Fixed
|
| 1-Year S&P 500 PTP Cap with Bailout |
Point to Point
Annual
|
8.1%
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
|
6.5%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.6%
Fixed
|
| 1-Year S&P 500 PTP Cap with Bailout |
Point to Point
Annual
|
9.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.5%
Performance triggered
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit |
Point to Point with Volatility Limit
Annual
|
85%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with 2% Boost and Knockout |
Point to Point with Boost and Knockout
Annual
|
155%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit |
Point to Point with Volatility Limit
Annual
|
95%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with 2% Boost and Knockout |
Point to Point with Boost and Knockout
Annual
|
175%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate |
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
|
| 1-Year Nasdaq-100 Intraday Elite 15% PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year Nasdaq-100 Intraday Elite 15% PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
| 1-Year S&P 500 PTP Cap with Precision Portfolio Election |
Point to Point
Annual
|
9.6%
Cap
|
| 1-Year S&P 500 PTP Cap with Precision Portfolio Election |
Point to Point
Annual
|
11.25%
Cap
|
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
No Riders for Target Growth 10 annuity.
Waivers
Bail-Out
Target Growth 10 comes with a free “bailout” benefit that enables you to make full or partial withdrawals from the contract without a surrender charge or market value adjustment if the renewal cap for the 1-year point-to-point S&P 500 Index falls below the bailout cap rate. (The cap is the maximum interest your FIA can earn in a year.)
Nursing Home
Waives early withdrawal charges after first contract anniversary, for a one-time withdrawal if you are confined to a hospital or nursing facility for at least 90 days, as long as the contract is purchased before your 76th birthday. The nursing home waiver does not include home health care.
Terminal Illness
Waives early withdrawal charges after first contract anniversary, for a one-time withdrawal if you have a terminal illness.
Premium Notes
Minimum: $25,000
Maximum: $1,000,000 per owner(s) without Delaware Life approval
Minimum additional: $500
Additional premiums can be added systematically, monthly, quarterly, annually.
Subsequent payments not permitted after any owner/annuitant has attained age 85.
Withdrawal Provisions
Free Withdrawal AmountIn the first contract year, 10% of total premiums paid or required minimum distribution (RMD), if greater, can be withdrawn free of surrender charges. In the second contract year and thereafter, 10% of the most recent contract anniversary value or RMD, if greater, can be withdrawn free of surrender charges. Retirement Withdrawal Options Withdraw as needed Make systematic withdrawals Annuitize payments Take required minimum distributions (RMDs)
- A.M. Best A-
- Fitch A-
- S&P A-
- Comdex 56
