Pinnacle PlusTM from Delaware Life is a multiyear guaranteed annuity that aims to turn retirement assets into income.
Multi-year guaranteed fixed annuity
Delaware Life
Pinnacle PlusTM
Rates Pinnacle Plus™ Literature
Pinnacle Plus™ is a guaranteed way to build retirement assets without the principal risk of stocks, bonds, or mutual funds.
Frequently Asked Questions
A MYGA is a Fixed Annuity (FA) —an insurance product that is designed to help you meet your long-term retirement needs. An FA can help you:
Grow savings at a predictable, guaranteed fixed rate.
Benefit from tax-deferred growth—pay no taxes on any interest earnings until they are withdrawn.
Guarantee your principal and any interest—when you hold your contract for the full guarantee period (and make no withdrawals).
Convert your savings into retirement income, including income for life.
Annuities are long-term investment vehicles designed for retirement purposes. Their guarantees are backed by the financial strength and claims-paying ability of the insurance company that issues the annuity. As an informed consumer, you can research an insurer’s financial strength ratings—which gauge the claims-paying ability of an insurance company to meet its financial obligations to policy/contract holders. These agencies rate the financial strength of insurance companies on a regular basis— for example, A.M. Best Company, Fitch Ratings, and Standard and Poor's.
Your financial professional can help you decide if an annuity fits into your overall financial plan depending on your current portfolio, your short and long-term goals, plus your risk tolerance. Delaware Life Insurance Company does not provide individualized investment, legal, or tax advice. Please consult with your investment, legal, or tax professional before making any investment decisions.
You may be eligible for an early withdrawal of:
Up to 10% of the last contract anniversary account value, or
The required minimum distribution (RMD).
Both options are free of surrender charges and any applicable Market Value Adjustment (MVA). Please consult your financial professional for more information.
Some fixed annuities may offer riders or features at additional cost. Please consult your financial professional for more information.
Predictable and flexible
When purchasing a Pinnacle Plus™ contract, can choose one of four guarantee periods—3, 5, 7, or 10 years—to meet specific needs, and the interest rate is locked-in for that entire period.
Penalty-free withdrawals
Free required minimum distribution (RMD) withdrawal is available in year one. Starting in the second contract year, Pinnacle Plus™ allows penalty-free withdrawals of up to 10% based on the total paid premiums or required minimum distribution (if greater), free of surrender charges.
Tax-deferred growth
With Pinnacle Plus™, earnings are tax-free until withdrawal, meaning earnings are compounded. Money works harder with the security of a guaranteed income stream through the annuitization feature.
Pinnacle PlusTM Legal Disclosure
All products and/or options may not be available in all states. Annuity contracts contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Your licensed financial professional can provide you with complete details. For use with Delaware Life Insurance Company policy form ICC14-DLIC-MYGA-01A and state specific variations where applicable.
Riders are available for additional expenses.