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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 Income 10

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Highlights

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. 
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
Type
Fixed Index
Purpose Lifetime Income
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
01/16/2018
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, IRA-Roth, and 1035 Exchange
Brochure
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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.

Withdrawal Provisions

Access to your money
During 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. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.25% Fixed
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
105% Participation
1-Year Morgan Stanley Global PTP Participation Rate
Point to Point
Annual
105% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
27% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate
Point to Point
Annual
115% Participation
1-Year Fixed Account
Fixed
3.4% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate
Point to Point
Annual
125% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.75% Cap
1-Year Morgan Stanley Global PTP Participation Rate
Point to Point
Annual
120% Participation
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
120% Participation
1-Year Fixed Account
Fixed
3.5% Fixed
1-Year First Trust Capital Strength Barclays 5% PTP Participation Rate
Point to Point
Annual
125% Participation
1-Year Morgan Stanley Global PTP Participation Rate
Point to Point
Annual
125% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
32% Participation
1-Year RBA Select Equity Yield CIBC 5% PTP Participation Rate
Point to Point
Annual
130% 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

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.

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