Target Income 10
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Learn how an annuity can provide guaranteed income for life.
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
|
|---|---|
|
Term
|
10 Years |
|
Surrender schedule
|
10%10%10%10%10%9%8%7%6%5% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$25,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and 1035 Exchange |
Brochure
|
Open brochure |
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 |