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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

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

10%

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, and IRA-Roth

Launch Date

06/15/2020

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.

Flex-Lock index account options
Flex-lock index account options guarantee that the initial crediting rate set at issue will not change for the length of the surrender charge period. These options are only available at issue and may not be available with all index options.

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

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	4.6% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	8.25% 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	4.85% 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	7.75% 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	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	185% Participation
1-Year Goldman Sachs Canopy PTP Participation Rate with Flex-Lock	Point to Point Annual	110% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

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

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 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)

Company Founded: 2013

Excellent Rated Company

Delaware Life Insurance Company

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