Accelerator Prime® Variable Annuity

A variable annuity (VA) can help you build a strategy for retirement by allowing you to:
- Participate in market growth with a wide choice of professionally managed investment fund options, giving your money the potential to grow
- Build a predictable income stream with flexible annuitization options
- Defer taxes on your annuity earnings or growth until withdrawing money or receiving income (earnings are typically taxed as ordinary income when withdrawn)
- Create a legacy with a guaranteed death benefit, helping you pass your assets on to a loved one
Investment fund options
Your investment fund option performance drives the potential growth of your portfolio. Accelerator Prime® has more than 90 investment fund options offered by some of the most recognized investment management companies. Choose from a wide array of asset classes and investment styles. You will want to periodically revisit your goals and rebalance your portfolio to maintain an investment mix that keeps you on track.
Accelerator Prime® also offers a fixed account and the option to take advantage of dollar-cost averaging (DCA).1
1 In a fixed account, the interest rate credited to the monies allocated to the fixed portion is declared monthly, subject to a guaranteed minimum interest rate. The guaranteed minimum interest rate is set annually. The fixed account is not available for contracts with the optional GLWB or GMAB riders. With DCA, you invest a specific amount of money on a set schedule. It can help minimize the impact of market volatility because the automatic investment is set over a period of time, regardless of unit price. Because unit prices fluctuate and your investment remains the same, at times you will pay higher than average and at other times lower than average for each unit. The Accelerator Prime® Variable Annuity can automatically transfer your contract value among selected investment choices on a six-month or 12-month schedule. DCA is only available for contracts with optional riders as long as you meet the portfolio diversification requirements as outlined in the product prospectus. Only variable annuity investment options are included in any DCA program you elect.
Investment managers



















These investment managers are not affiliated with Delaware Life insurance Company or Clarendon Insurance Agency, Inc.
Third-party trademarks and service marks are the property of their respective owners.
The value of variable annuity investment options will fluctuate so that units, when redeemed, may be worth more or less than the original cost.
Optional riders available at an additional cost.
Investment fund options for optional riders
If you elect the optional Income BoostSM GLWB rider, Armor FlexSM GMPB, or Flex Income BoostSM GLWB the full investment fund options lineup is available with no allocation restrictions. If you elect an Income ControlSM GLWB rider, ArmorSM GMAB rider or Flex Income ControlSM GLWB, a comprehensive range of blended investment fund options are available. Dollar-cost averaging is permitted with all optional living benefit riders; however, you will not be able to allocate to the fixed account.
Tax deferral
With a variable annuity, you don’t pay taxes on any earnings or growth in your annuity until you withdraw your money or receive lifetime income, generally in retirement. This means that all of your money has the chance to grow—it is not being reduced by taxes.
Optional rider to guarantee a minimum contract value
Accelerator Prime® offers an optional Guaranteed Minimum Accumulation Benefit (GMAB) rider that:
- Provides the choice of a 7-year or 10-year guarantee term
- Guarantees your minimum contract value after a set period of time
- Makes it possible to utilize the investment fund options while protecting your contract’s account value from market fluctuations
1 On the issue date, the GMAB base is equal to the purchase payments received during the first 90 days of the initial term multiplied by the GMAB factor. The GMAB base can increase by subsequent purchase payments. Any withdrawals reduce the GMAB base proportionally. The GMAB factor varies based on the length of the term elected and represents the percentage of purchase payments that are protected. The GMAB factor will not vary from the GMAB factor disclosed in the prospectus or as disclosed in any rate sheet. At the end of the term, if the contract value is less than the GMAB base, then a GMAB credit will be applied such that the contract value equals the GMAB base.
2 Purchase payments received after the first 90 days of the initial term or after the term start date of a successive term will be multiplied by an adjustment factor known as the GMAB subsequent purchase payment adjustment factor. This will reduce the amount of the purchase payment protected by the benefit. The subsequent purchase payment adjustment factor are as follows:
Armor SevenSM GMAB: Completed years of term at time purchase payment is received
Armor TenSM GMAB: Completed years of term at time purchase payment is received
3 Prior to the end of the initial term, you may elect to continue the GMAB by selecting a successive term made available. The company will provide a notice showing the available terms and their applicable designated investment options, GMAB factor, GMAB subsequent purchase payment adjustment factors, and annual GMAB fee rate.
4 The current GMAB fee is calculated based on the GMAB base, charged at the end of each quarter, and deducted proportionately from the contract value. The GMAB fee will never be greater than the set maximum GMAB fee.
Optional riders are available for an additional fee.
Only one GMAB term period may be chosen per contract. After the initial term, you can choose to start a new guarantee term with a new GMAB base determined by using your current contract value. The rider cannot be voluntarily terminated by the owner during a term. There is no death benefit associated with the GMAB rider. If the owner dies, the death benefit will be the amount provided by the annuity contract or any optional death benefits elected.
Guarantees, including optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company, and do not protect the value of underlying investment options within a variable annuity, which are subject to risk.
Optional rider for market protection buffer
Accelerator Prime® offers an optional Guaranteed Market Protection Benefit (GMPB) rider that:
- Provides the choice of a 7-year or 10-year guarantee term
- Provides downside market protection by covering a specified amount of loss (called a GMPB buffer) that might occur over your guarantee term
- Credits your account up to the GMPB buffer at the end of your guarantee term, if the contract value has decreased
1 On the issue date, the GMPB base is equal to the purchase payments received during the purchase payment window = the first 90 days of the initial term. Any withdrawals reduce the GMPB base proportionally. The GMPB buffer factor varies based on the length of the term elected and represents the percentage of loss that is covered. The GMPB buffer factor will not vary from the GMPB buffer factor disclosed in the prospectus or as disclosed in any rate sheet. At the end of the term, if the contract value has decreased, the contract will receive a GMPB credit up to the GMPB buffer factor.
2 Prior to the end of the Initial term, you may elect to continue the GMPB by selecting a successive term made available. The company will provide a notice showing the available terms and their applicable GMPB factor, and the annual GMPB fee rate.
3 The current GMPB cancellation thresholds are as follows:
Armor Flex SevenSM GMPB: Completed years of term at time request to terminate is received
Armor Flex TenSM GMPB: Completed years of term at time request to terminate is received
4The current GMPB fee is calculated based on the GMPB base, charged at the end of each quarter, and deducted proportionally from the contract value. The GMPB fee will never be greater than the set maximum GMPB fee.
Annuitization
If you’d like to keep your money invested in our investment options until it’s time to retire and then convert to a guaranteed income stream. Choose from annuity payout options, including payments for your entire lifetime, payments for your entire lifetime including a guaranteed minimum period payable to either you or your beneficiary(ies), or payments over your lifetime and a co-annuitant’s lifetime.
Optional Guaranteed Lifetime Withdrawal Benefit (GLWB) rider
If you prefer to guarantee your retirement income at the start of the contract, you could convert your Accelerator Prime ® Variable Annuity into guaranteed, lifetime income with an optional GLWB rider (available at an additional cost). A GLWB rider guarantees that you (or you and your spouse) will receive retirement income payments for life, even if the annuity account cash value drops to zero.
Accelerator Prime® offers the choice of two optional Guaranteed Lifetime Withdrawal Benefits (GLWB) riders that provide:
- Income that lasts a lifetime
- A valuable combination of a simple interest bonus, step-up potential, and payout rates
- A diverse lineup of investment fund options with few restrictions
1 Income ControlSM: During a bonus period, on the contract anniversary, we will calculate a bonus amount that may be added to the bonus withdrawal base every year during bonus period. The bonus amount will be equal to the current bonus base multiplied by the bonus rate. The initial bonus base is equal to the purchase payment. It can increase for additional payments. Income BoostSM: During a bonus period, on the contract anniversary, we will calculate a bonus amount that may be added to the withdrawal benefit base. The bonus amount will be equal to the current bonus base multiplied by the bonus rate. The initial bonus base is equal to the purchase payment. It can increase for additional payments and step-ups.
2Income ControlSM: The bonus period is a 10-year period before the income start date, measured from the issue date. Income BoostSM: The bonus period is a 10-year period before the income start date, measured from the issue date or the last step-up date (for a maximum of a 20-year bonus period).
3Income ControlSM: On each contract anniversary an assessment is made on whether a contract qualifies for a step-up and a subsequent increase to the withdrawal benefit base. The withdrawal benefit base will be the greater of: (1) the step-up withdrawal base – increased by purchase payments and step-ups and reduced pro rata by early and excess withdrawals and (2) the bonus withdrawal base – increased by the simple interest bonus amount and purchase payments and reduced pro rata by early withdrawals. Income BoostSM: On each contract anniversary an assessment is made on whether a contract qualifies for a step-up and an increase to the withdrawal benefit base. The withdrawal benefit base will be the greater of: (1) the contract value on the contract anniversary; or (2) the current withdrawal benefit base or the withdrawal benefit base plus any bonus amount during the bonus period.
4The current GLWB fee is calculated based on the withdrawal benefit base, charged at the end of each quarter, and deducted proportionately from the contract value. The rider fee percentage could be increased as a result of a step-up. Delaware Life will notify you in advance and you can elect not to receive the step-up. The GLWB fee will never be greater than the set maximum GLWB fee.
Optional riders are available for an additional fee.
Guarantees, including optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company, and do not protect the value of underlying investment options within a variable annuity, which are subject to risk.
Life happens and needs can change
If your focus shifts from strictly asset growth to growth and protection with a need for lifetime income, Accelerator Prime gives you the flexibility you need. You can add either the Flex Income BoostSM or the Flex Income ControlSM GLWB to your contract after a 1-year waiting period.
Standard death benefit
If you die before you begin receiving annuity income payments, Accelerator Prime® Variable Annuity guarantees that your beneficiaries will receive the full contract value and they may avoid probate.1 The death benefit is payable on the death of first owner in the case of joint annuity owners.
Optional death benefit riders
- Guarantee that beneficiaries will receive at least 100% of the premium allocated to the investment fund options (adjusted proportionally for prior withdrawals) with the optional Return of Premium (ROP) death benefit rider.
- Lock in investment gains each year with the optional Highest Anniversary Value (HAV) death benefit rider.
1 The death benefit is subject to adjustments for applicable charges and taxes.
1 The current ROP fee is calculated based on the ROP value, charged at the end of each quarter, and deducted proportionately from the contract value. The current HAV fee is calculated based on the HAV value, charged at the end of each quarter, and deducted proportionately from the contract value.
HAV rider is not available in California.
Optional riders are available for an additional fee.
The ROP value is not available for withdrawal or surrender.
The HAV value is not available for withdrawal.
Guarantees, including optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company, and do not protect the value of underlying investment options within a variable annuity, which are subject to risk.