Target Income Choice™ offers guaranteed income options aligned to your retirement timeline, a chronic illness income multiplier, flexibility, tax-deferred growth opportunities, and protection from market downturns.
Fixed Index Annuity
Target Income ChoiceTM
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Target Income Choice™
Product Information
Target Income Choice™ is a tax-deferred annuity with flexibility to help give clients confidence to prepare for whatever is next.
Rate Sheet
Explore fixed index annuity strategies and allocation options. Allocate in the right mix with options to customize a portfolio or access optimized Precision Portfolios.
Product Brochure
Learn how Target Income Choice™ works, and explore income options with two distinct Guaranteed Lifetime Withdrawal Benefits (GLWB) with RetireReady and RetireBuild.
GLWB Income Guide
Side-by-side GLWB comparisons, roll-up details, withdrawal percentages, and chronic illness income multiplier overview.
Target Income Choice™
Choose from two Guaranteed Lifetime Withdrawal Benefits (GLWBs)—for income soon or building income for later.
Included Chronic Illness Income Multiplier provides additional income for the unexpected
Built-in flexibility
Target Income Choice™
Index and Crediting Strategies Information
Target Income Choice™ allows clients to allocate money in one or a combination of index strategies and crediting options.
Index Strategies
Choose from S&P 500®, Franklin SG Select, First Trust Barclays 10%, Invesco QQQ, Janus Henderson, and more.
Participation Rate
Breaks down how clients earn a percentage of the index’s positive return, with a simple chart to illustrate how interest is credited and how downside protection works.
Performance Trigger
Outlines how clients receive a guaranteed interest credit when the index return is positive—even slightly. Includes visuals to show how the trigger rate works in up and down markets.
Cap Rate
Explains how interest is credited up to a fixed cap when the index performs well, with examples that show how gains are calculated and when the cap applies.
Target Income Choice™
Additional Information
A secure retirement speaks louder than words
Two distinct Guaranteed Lifetime Withdrawal Benefit (GLWB) options that make it easy to plan when a client wants to start collecting income:
- RetireReady GLWB: Upfront GLWB bonus PLUS a simple interest roll-up for up to 7 years.
- RetireBuild GLWB: Annual compound interest roll-up for up to 10 years and a minimum guaranteed increase to the withdrawal benefit base.
Flexible features for real life
Offers flexibility for single or joint income, extra income through the Chronic Illness Income Multiplier, and a pro-rated roll-up bonus credit to the withdrawal benefit base when income begins during the year. Additional premiums are accepted, required minimum distributions (RMDs) are always accessible, and clients can start income on their own schedule.
Growth potential without market risk
Customize a portfolio of indices from industry leading managers OR select one of two balanced and diversified multi-strategy Precision Portfolios for a tailored way to diversify.
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.
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.