Target Income Choice™ fixed index annuity provides a customizable and dependable lifetime income plan equipped to meet your unique needs. With two distinct Guaranteed Lifetime Withdrawal Benefit (GLWB) options—plot the income strategy that leads to your goals.
Fixed Index Annuity
Delaware Life
Target Income Choice™
Rates Target Income Choice™ Product Information
Target Income Choice™ delivers flexibility and confidence, to help you prepare for whatever is next.
Target Income Choice™ Index and Crediting Strategies Information
Target Income Choice™ allows you to allocate your money in one or a combination of index strategies and crediting options.
Frequently Asked Questions
A fixed index annuity (FIA) is an insurance product designed to help you meet your long-term retirement needs. A FIA may help you:
Grow your money—earn interest based on the performance of the indexed-linked crediting options or fixed account.
Protect your money—lock in gains each year to protect your account value from market drops.
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 FIAs may offer riders or features at additional cost. Please consult your financial professional for more information.
A secure retirement speaks louder than words
At the heart of Target Income Choice™ are two distinct Guaranteed Lifetime Withdrawal Benefit (GLWB) options that make it easy for you to select an income strategy aligned with your goals.
- RetireReady GLWB (income soon) with an upfront GLWB bonus PLUS simple interest roll-up for up to 7 years OR
- RetireBuild GLWB (income later) with a compound interest roll-up for up to 10 years
Critical flexibility
- Wait until you're ready to take lifetime income to select either single or joint payments
- Receive a pro-rated roll-up bonus credit to the withdrawal benefit base on the income start date
- Chronic Illness Income Multiplier provides extra income when you need it most. See disclosure statement for more information
Choice
- Choose one or multiple index options from industry leading managers OR select one of two balanced and diversified multi-strategy Precision Portfolios designed to give you a tailored way to diversify your portfolio
- Competitive rates to maximize the account value and death benefit growth. Banded rates reward with higher rates as the account accumulates
Target Income Choice™ Legal Disclosure
Broker/dealer and state variations may apply. Contact your broker/dealer for availability. 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 policy form ICC22-DLIC-FIA and rider forms ICC25-DLIC-FIA-GLWB-BON, ICC25-DLIC-FIA-GLWB-NB, ICC24-DLIC-FIA-CI-DT. Policy and rider form numbers may vary by state.