4.7
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TruePath Income
In recent years, the Delaware Life Insurance Company has grown into a respected force in the retirement planning sector, being originally established in 2013. A proud subsidiary of Group 1001, Delaware Life offers flexibility to its customers through a variety of annuities, such as fixed, fixed-indexed, and variable annuities. Investing in such products allows customers to better save for retirement and receive a long-term income stream in the process. The company’s mission rests on being a reliable partner to its clients, empowering each one to take steps towards a comfortable retirement.
TruePath Income
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About Product
Type
Fixed Index
Purpose
Lifetime Income
Term
10 Years
Surrender schedule
10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$2,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, Traditional IRA, SEP IRA, IRA-Roth, and Roth Conversion (Full)
Launch Date
03/24/2025
TruePath Income is a Modified Single Premium Deferred Annuity with Index‐Linked Options. It includes a built-in Guaranteed Lifetime Withdrawal Benefit (GLWB) rider, which guarantees you (or you and your spouse) will receive retirement income payments for life. The lifetime income generated by the GLWB is based on your withdrawal benefit base, which is different from your account value.
Precision Portfolios
In addition to the individual indexes, you also have access to two turnkey, diversified multi-index portfolios called "Precision Portfolios". They are constructed using set percentage allocations to the individual index strategies we offer from S&P, Goldman Sachs, Franklin Templeton, and First Trust, as well as an allocation to the fixed account.
Precision Core
S&P 500 1-year Point-to-Point with Cap 20%
S&P 500 1-year Performance Trigger 10%
S&P 500 Dynamic Intraday TCA Index 10%
Nasdaq-100 Intraday Elite 15%: 10%
Goldman Sachs Canopy Index 15%
First Trust Capital Strength Barclays 10% Index 10%
Franklin SG Select Index 10%
Fixed Account 15%
Precision Edge
S&P 500 1-year Point-to-Point with Cap 25%
S&P 500 1-year Performance Trigger 5%
S&P 500 Dynamic Intraday TCA Index 10%
Nasdaq-100 Intraday Elite 15%: 10%
Goldman Sachs Canopy Index 15%
First Trust Capital Strength Barclays 10% Index 15%
Franklin SG Select Index 15%
Fixed Account 5%
Precision Portfolios
In addition to the individual indexes, you also have access to two turnkey, diversified multi-index portfolios called "Precision Portfolios". They are constructed using set percentage allocations to the individual index strategies we offer from S&P, Goldman Sachs, Franklin Templeton, and First Trust, as well as an allocation to the fixed account.
Precision Core
S&P 500 1-year Point-to-Point with Cap 20%
S&P 500 1-year Performance Trigger 10%
S&P 500 Dynamic Intraday TCA Index 10%
Nasdaq-100 Intraday Elite 15%: 10%
Goldman Sachs Canopy Index 15%
First Trust Capital Strength Barclays 10% Index 10%
Franklin SG Select Index 10%
Fixed Account 15%
Precision Edge
S&P 500 1-year Point-to-Point with Cap 25%
S&P 500 1-year Performance Trigger 5%
S&P 500 Dynamic Intraday TCA Index 10%
Nasdaq-100 Intraday Elite 15%: 10%
Goldman Sachs Canopy Index 15%
First Trust Capital Strength Barclays 10% Index 15%
Franklin SG Select Index 15%
Fixed Account 5%
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 First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit |
Point to Point with Volatility Limit
Annual
|
65%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with 2% Boost and Knockout |
Point to Point with Boost and Knockout
Annual
|
125%
Participation
|
| 1-year Fixed Rate |
Fixed
Annual
|
3.1%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
4.5%
Performance triggered
|
| 1-Year First Trust Capital Strength Barclays 10% PTP Participation Rate with Volatility Limit |
Point to Point with Volatility Limit
Annual
|
75%
Participation
|
| 1-Year Franklin SG Select PTP Participation Rate with 2% Boost and Knockout |
Point to Point with Boost and Knockout
Annual
|
140%
Participation
|
| 1-year Fixed Rate |
Fixed
Annual
|
3.35%
Fixed
|
| 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
|
35%
Participation
|
| 1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year Goldman Sachs Canopy PTP Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
5%
Performance triggered
|
| 1-Year Nasdaq-100 Intraday Elite 15% PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
| 1-Year Nasdaq-100 Intraday Elite 15% PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Ready Growth Strategy Level | Yes | 1.20% annually (1.95% max) |
| Ready Growth Strategy Rising | Yes | 1.20% annually (1.95% max) |
| Build Growth Strategy Level | Yes | 1.20% annually (1.95% max) |
| Build Growth Strategy Rising | Yes | 1.20% annually (1.95% max) |
Waivers
Nursing Home
Unavailable in states: CA
After a period of one year, you may withdraw money from your annuity without a surrender charge to pay for an eligible nursing home. Contract must be purchased prior to owner’s attained age of 76 for the nursing home waiver.
Terminal Illness
Unavailable in states: CA
After a period of one year, you may withdraw money from your annuity without a surrender charge to pay for an eligible hospice care.
Premium Notes
Minimum initial premium payment
$25,000 for both qualified and nonqualified money.
Subsequent payments
$25,000 for both qualified and nonqualified money.
Subsequent payments
- During first contract year only (modified single premium index annuity)
- Minimum: $500
- Maximum total premium cannot exceed $2M without prior approval
- Subsequent payments not permitted after any owner/annuitant has attained age 85.
Withdrawal Provisions
Free Withdrawal Amount10% of the total premium payments during the first contract year; greater of 10% of the last contract anniversary account value or required minimum distribution (RMD) amount, if any, in the contract years thereafter.Withdrawals are taxed as ordinary income and, if taken prior to age 59½, there may be a 10% federal tax penalty. Withdrawals may result in a surrender charge or MVA.Market Value Adjustment (MVA) Applies to withdrawals and surrenders greater than the free withdrawal amount; Waived at death.
Company Founded: 2013
Excellent Rated
Company
Company Ratings
4
- A.M. Best A-
- Fitch A-
- S&P A-
- Comdex 56
Assets: $28,363,054,818
Delaware
