Delaware Life Insurance Company
4.3
based on complex data
Annuity Educator Rating
Annuity review

Pinnacle Plus

The Pinnacle Plus fixed annuity is a fantastic product for those who value predictability and safety as they look towards retirement. It provides steady, tax-deferred growth and secures your principal, thereby mitigating any unforeseen financial risks. Also, it guarantees you an income for the future regardless of the market conditions.

This annuity offers an interesting feature of multiple guarantee periods. You can lock-in your interest rate for 3, 5, 7, or even 10 years based on your needs. And remember, your principal and earned interest are guaranteed for the complete period. Moreover, the Pinnacle Plus also offers the option of accessing your money without any surrender charges in specific circumstances. With all of these features, it's clear that the Pinnacle Plus is geared to offer long-term, safe and customizable solution for your retirement needs.

Pinnacle Plus-brochure Pinnacle Plus-brochure

Pinnacle Plus

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About Product

Premium Type
Single Premium
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Min Age Qualified
18
Max Age Qualified
85
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and 1035 Exchange
Launch Date
04/24/2023

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
3 years 4.5%
5 years 4.7%
7 years 4.65%
10 years 4.6%
The Pinnacle Plus is a single-premium deferred fixed annuity with multiple guarantee periods. It offers a simple, guaranteed way to build retirement assets without the principal risk typically associated with stocks, bonds or mutual funds.
Pinnacle Plus could be a good fit if you are looking for: 
  • Protection of your principal 
  • A guaranteed, fixed interest rate for the period you select 
  • Tax-deferred growth until you take withdrawals 
When you purchase a Pinnacle Plus contract, you can choose one of four guarantee periods—3, 5, 7, or 10 years—to meet your specific needs, and your interest rate is locked-in for that entire period.
Your money goes to work for you immediately, earning the specified rate for the period you select, regardless of what happens to the stock market or interest rates. As long as you hold your contract for the length of the guarantee period, your principal and the interest you earn are guaranteed.

Issue age
18-85

Premium
Minimum: $25,000 for both qualified and nonqualified money;
Maximum: $1M per owner without prior approval

Free withdrawal amount 
After the first contract year, you may take up to 10% of the last contract anniversary value or a Required Minimum Distribution (RMD), if greater, without a surrender charge or MVA.

Market value adjustment (MVA)
Applies to withdrawals and surrenders greater than the free withdrawal amount; Waived at death

Systematic withdrawals
May be taken annually, semiannually, quarterly or monthly 
  • Minimum amount is $100 
  • Minimum account value of $5,000 must be maintained 
Annuitization
  • Max annuitization age: 95 
  • Single-life only; single-life with period certain; joint and survivor life 
Death benefit
Greater of account value or surrender value 

Year by Year Account Balance

Understand how your money will increase when invested in Pinnacle Plus.
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Riders

No Riders for Pinnacle Plus annuity.

Waivers

Death

Market value adjustment waived at death.

Nursing Home

Unavailable in states: CA

You may withdraw money from your annuity, without a surrender charge, to pay for an eligible nursing home.

Terminal Illness

Unavailable in states: CA

You may withdraw money from your annuity, without a surrender charge, to pay for hospice care.

Surrender Window

There is a 30-day window prior to the end of your guarantee period to select a new guarantee period. If no election is made, your annuity will automatically renew for the same guarantee period you had previously selected. During your 30-day window, you can make withdrawals or surrender your annuity with no surrender charges or market value adjustment.

Company Founded: 2013
Excellent Rated Company
Delaware Life Insurance Company
Company Ratings
4
  • A.M. Best A-
  • Fitch A-
  • S&P BBB+
  • Comdex 55
Assets: $28,363,054,818
Delaware

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