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Target Income 10

The Target Income 10 annuity is a great financial tool for those planning for retirement. This plan offers consistent income and attractive growth potential that can really ease one's golden years.

Most praised is the flexibility and control it provides over your investment. Plus, the guaranteed income feature ensures peace of mind. This annuity truly makes retirement planning less daunting.

Target Income 10

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About Product

Type

Fixed Index

Purpose

Lifetime Income

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, IRA-Roth, and 1035 Exchange

Launch Date

01/16/2018

Delaware Life Target Income 10 can help retirement savers capture a portion of the market’s upside growth potential while protecting their savings from the risks of market drops. But life can be full of surprises. Despite the best-laid retirement Plan A, you may need income sooner than planned - or not at all. That's why Target Income 10 is built for income, accumulation, and the flexibility you may need for real life.

Preset Allocation Option
As an alternative, you could elect one of the preset portfolio options. Precision Portfolios offer a one-step, tailored way to diversify your retirement savings portfolio. These two well-balanced multi-index allocation strategies are constructed using set percentage allocations to the individual index strategies we offer from S&P, Janus Henderson, Invesco, Franklin Templeton, and First Trust, coupled with an allocation to the fixed account.

Precision Portfolio Option 1
S&P 500 1-year Point-to-Point with Cap: 10%
S&P 500 1-year Performance Trigger: 20%
Invesco QQQ ETF: 25%
Janus Henderson Adaptive Market Leaders U.S. Index: 30%
Fixed Account: 15%

Precision Portfolio Option 2
S&P 500 1-year Point-to-Point with Cap: 10%
S&P 500 1-year Performance Trigger: 10%
Invesco QQQ ETF: 15%
Janus Henderson Adaptive Market Leaders U.S. Index: 20%
First Trust Capital Strength® Barclays 10% Index: 15%
Franklin SG Select Advantage Index: 15%
Fixed Account: 15%

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	3.15% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	5.25% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	22% Participation
1-Year Fixed Account	Fixed	3.3% Fixed
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	25% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	5.5% Cap
1-Year Fixed Account	Fixed	3.4% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	5.75% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	27% Participation
1-Year Franklin SG Select Advantage PTP Participation Rate	Point to Point Annual	80% Participation
1-Year Janus Henderson Adaptive Market Leaders U.S. PTP Participation Rate	Point to Point Annual	95% Participation
1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate	Point to Point Annual	55% Participation
1-Year Invesco QQQ ETF PTP Cap	Point to Point Annual	5% Cap
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	4.5% Performance triggered
1-Year Franklin SG Select Advantage PTP Participation Rate	Point to Point Annual	85% Participation
1-Year Invesco QQQ ETF PTP Cap	Point to Point Annual	5.25% Cap
1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate	Point to Point Annual	60% Participation
1-Year Janus Henderson Adaptive Market Leaders U.S. PTP Participation Rate	Point to Point Annual	100% Participation
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	4.75% Performance triggered
1-Year Franklin SG Select Advantage PTP Participation Rate	Point to Point Annual	90% Participation
1-Year Janus Henderson Adaptive Market Leaders U.S. PTP Participation Rate	Point to Point Annual	105% Participation
1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate	Point to Point Annual	65% Participation
1-Year Invesco QQQ ETF PTP Cap	Point to Point Annual	5.5% Cap
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	5% Performance triggered

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

Name	Inbuilt	Fee
Delaware GLWB Rider	Yes	1.05% annually

Waivers

Nursing Home

Unavailable in states: CA

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

Unavailable in states: CA

No early withdrawal charges after the 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.

Withdrawal Provisions

Access to your moneyDuring the first 10 years of your annuity contract, you can withdraw up to 10% of the value of your annuity account each year without paying any extra “early surrender” charges. You also can take fee-free withdrawals for required minimum distributions (RMDs) and money to pay for nursing home or hospice care (subject to state availability and restrictions). Any early withdrawals taken in excess of these amounts will be subject to the surrender charges specified in your contract. They also reduce your future retirement earnings potential and may result in a market value adjustment to your surrender value, depending on how interest rates have changed since you first purchased your annuity (not applicable in every state). After 10 years, you can take withdrawals of any amount without surrender fees. The taxable portion of any withdrawal is taxed as ordinary income and you may have to pay a 10% federal tax penalty if you are younger than age 59½.

Company Founded: 2013

Excellent Rated Company

Delaware Life Insurance Company

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