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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.30%
7-Year
6.00%
10-Year
5.80%

Target Growth 10

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Highlights

Target Growth 10 is a flexible premium, tax-deferred, fixed index annuity (FIA) designed for customers looking for a strong accumulation solution that provides downside market protection. The product offers a variety of index account options so that customers are able to diversify across different index styles. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, 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
Type
Fixed Index
Purpose Accumulation
Term
10 Years
Surrender schedule
10%10%10%10%10%9%8%7%6%5%
Free withdrawal
10%
Flexible premium Product Life
Market value adjustment
Return of premium
Launch date
06/15/2020
Minimum contribution
$25,000
Maximum contribution
$1,000,000
Max Age Qualified
80
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, and IRA-Roth
Brochure
Open brochure

Find out if the Target Growth 10 is the right product for you.

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Premium Notes

Premium
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 Amount
In the first contract year, 10% of total premiums paid or required minimum distribution (RMD), if greater, can be withdrawn free of surrender charges.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the second contract year and thereafter, 10% of the most recent contract anniversary value or RMD, if greater, can be withdrawn free of surrender charges.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) 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
5% Fixed
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
160% Participation
1-Year Morgan Stanley Global Opportunities PTP Participation Rate
Point to Point
Annual
150% Participation
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
55% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate
Point to Point
Annual
170% Participation
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
65% Participation
2% Spread
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
8% Performance triggered
1-Year Fixed Account
Fixed
5.25% Fixed
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
175% Participation
1-Year Morgan Stanley Global Opportunities PTP Participation Rate
Point to Point
Annual
165% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
11.25% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
60% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate
Point to Point
Annual
185% Participation
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
75% Participation
2% Spread
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
8.75% 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
95% Participation
1-Year Franklin SG Select PTP Participation Rate with 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 First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit with Flex-Lock
Point to Point with Volatility Limit
Annual
105% Participation
1-Year Franklin SG Select PTP Participation Rate with Boost and Knockout with Flex-Lock
Point to Point with Boost and Knockout
Annual
195% Participation
1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock
Point to Point
Annual
120% Participation

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.

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