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Independent Review of Delaware Life Insurance Company

Delaware Life Insurance Company is a relatively new entrant to the insurance and annuity marketplace. Initially founded in 2013, Delaware Life Insurance Company is a member of Group One Thousand one, LLC – a dynamic network of businesses that are making insurance more useful, logical, and accessible for everyone…not just a select few.

As of mid-2019, the company is managing nearly 350,000 active life and annuity contracts which represent approximately $36 billion in assets under management, and roughly $16 billion of invested assets.

Due in large part to its strong financial foundation, along with its claims paying reputation, Delaware life has earned high ratings from the insurer rating agencies. These include an A- (Excellent) from A.M. Best Company, and a BBB+ (Stable) from Standard & Poor’s.

Delaware Life has a diverse lineup of annuity offerings, including fixed index annuities, multi-year guaranteed (MYGA) fixed annuities, and variable annuities.

Fixed Index Annuities from Delaware Life

A fixed index annuity from Delaware Life can allow you to save for retirement while also ensuring that your money is protected from market downturns. There are several fixed index annuities that are offered through Delaware Life, including the:

  • Retirement Stages 7 – This annuity allows you to participate in market growth potential by tracking an index, and by crediting your account with 0% when the underlying index has a negative year. This protection can keep your account value from falling, and in turn, allows it to keep its upward momentum when the market comes back up.
  • Retirement Chapters 10 – With the Retirement Chapters 10 fixed index annuity from Delaware Life, you’ll have the security of principal protection, as well as the opportunity to participate in market growth potential of an underlying index. You can also ensure a steady and predictable income when the time comes.
  • Assured Income 7 – The Assured Income 7 annuity offers predictable guaranteed future income for more realistic real-life planning.
  • Target Income 10 – The Target Income 10 can help you with capturing some of the market’s upside growth potential, while also protecting your money from the risk of market drops. This annuity also comes with an optional rider that can provide you with guaranteed income for life.

Delaware Life’s MYGA (Multi-Year Guaranteed) Fixed Annuities

As its name implies, a multi-year guarantee annuity locks in a certain rate of interest for a set period of time. Delaware Life Insurance Company offers the Pinnacle MYGA, which provides you with a simple, steady, guaranteed method of building up your retirement savings, but without having to ensure the ups and downs of the stock market or low-interest rates.

Variable Annuities from Delaware Life Insurance Company

Variable annuities offer a variety of different investment options so that you have the opportunity for market-like returns. These annuities also provide an income stream when you are ready to convert your savings into a regular incoming cash flow.

The Masters Prime Variable Annuity from Delaware Life can help you with growing your money in order to overcome rising inflation, while also ensuring that you’ll be able to supplement your retirement income in the future.

Should You Buy an Annuity from Delaware Life?

Delaware Life offers a number of good annuity options. But even so, are any of them right for you?

Honestly, that depends. Regardless of how enticing a financial tool might be, it must fit in with your short- and long-term objectives. Otherwise, it could end up becoming a costly mistake.

If you want to take a closer look at how these – or any – annuities may or may not fit into your overall financial plan, give us a call. At Annuity Gator, our specialty is in researching and reviewing annuities so that the myriad of “small print” actually makes sense!

We have an extensive annuity review database that we are regularly updating and adding to. So, if you want to make sure that you’re on the right track before you make a long-term financial commitment to an annuity, call us, toll-free, at (888) 440-2468, or send us an email through our secure online contact form to set up a time to chat with one of our trained professional annuity research specialists.

Best,

The Annuity Gator

P.S. If you would like to read more of our Delaware annuity reviews here are some links to check out:

 

 

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