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Delaware Life Announces Enhancements to Fixed Index Annuities, Bringing Innovation and Diversification Including the Invesco QQQ ETF
[May 21, 2024]

Delaware Life Announces Enhancements to Fixed Index Annuities, Bringing Innovation and Diversification Including the Invesco QQQ ETF


To give consumers a simple, tailored way to diversify returns and guarantee higher minimum growth, Delaware Life Insurance Company (Delaware Life), a Group 1001 company, announces the addition of two diversified, multi-strategy Precision Portfolios as part of the Growth Pathway fixed index annuity (FIA). As an additional enhancement, Growth Pathway is now the only FIA to offer the Invesco QQQ ETF.

Clients can choose from two diversified Precision Portfolio options - one without volatility control indexes and the second featuring indexes both with and without volatility control. The portfolio options comprise index strategies (which can also be selected individually) from world-class, well-known investment companies including Invesco, Janus Henderson, First Trust/Barclays, and Franklin Templeton/Société Générale, as well as a fixed account.1

The Precision Portfolios include an enhanced no-fee Guaranteed Minimum Account Value (GMAV) that guarantees the annuity account value will grow over the surrender charge period even if the selected portfolio doesn't generate interest credit. At the end of the surrender period, the account value will receive a GMAV credit (118 percent after five years or 125 percent after seven years).2

"The Precision Portfolios do the work for consumers by providing a diversified range of options and also an enhanced GMAV," said Group 1001 Chief Product Officer Dale Uthoff. "Featuring some of the top investment company names in the industry, Precision Portfolios combine the power of diversification with financial markets research to help clients meet their retirement savings goals."

Michelin Sharp, Head of the Insurance and Retirement Group at Janus Henderson, said, "Our Adaptive allocation process seeks to harness the Nobel Prize-winning research of Dr. Myron Scholes by attempting to balance the risk of market losses with the risk of missing out on market gains, using information derived from the options markets. We are pleased to partner with Delaware Life to bring this strategy within a fixed index annuity that seeks to provide capital preservation and tax benefits to investors."

"We are pleased to offer insurance customers access to Invesco QQQ as an index within Delaware Life's fixed indexed annuity," said Paul Temple, Head of Invesco Financial Institutions Group. "QQQ is a leading ETF that provides exposure to a diverse group of cutting-edge Nasdaq-100 companies. This is the first time that QQQ will be offered as an index within a FIA and it highlights Invesco's ongoing commitment to innovation within the insurance landscape. We are looking forward to strengthening our relationship with Delaware Life through this partnership."

1 A Precision Portfolio option is a present combination of interest crediting strategies and allocation percentages that are made available for selection at annuity purchase. Customers may only select one Precision Portfolio to allocate 100% of their premium payment. Precision Portfolio options are only available at issue and the predetermined allocation percentages making up the portfolio will not change or be rebalanced.

2 The GMAV Credit is equal to the GMAV Base minus the Account Value at the 5th or 7th anniversary (matching the selected Surrender Charge Period) but will never be less than 0. The GMAV Base is equal to the iitial premium multiplied by the GMAV Factor, plus additional payments and adjusted for any withdrawals. To be eligible for the Enhanced GMAV, customers must allocate 100% of their initial premium payment to a Precision Portfolio option and the Account Value must remain allocated to that preset allocation option until the end of the Surrender Charge period.



For more information about Precision Portfolios and Delaware Life index providers, visit: https://www.delawarelife.com/product/growth-pathway.

To learn more about the Invesco QQQ ETF, visit https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-QQQ.


For full disclosures and applicable disclaimers for the Janus Henderson Adaptive Market Leaders US Index see: https://indices.janushenderson.com/indices/adaptive-market-leaders/#janus-henderson-adaptive-market-leaders-us-index-jamluser.

Visit https://franklin-sg-select-advantage.com for more information on the Franklin SG Select Advantage Index.

First Trust Capital Strength Barclays Index details can be found here: https://indices.barclays/CapStrength10.

About Delaware Life Insurance Company

Delaware Life is an annuity company that empowers financial professionals with a wide array of customizable solutions. A subsidiary of Group 1001, we were born out of the advisor industry, and we understand how important it is to find the right fit for every client, every situation, and every individual need. We're passionate about equipping you with annuities that give your customers peace of mind and a successful future-allowing them to plan with confidence for whatever's next.

About Group 1001

Group 1001 is a collective that empowers companies to create positive growth. Our insurance and annuities are easy to understand and accessible to all. Our online investing platform gives individuals control over their savings. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports.

As of December 31, 2023, Group 1001 had more than 1,200 employees and combined assets under management of $62.6 billion, serving more than 950,000 customers. It comprises the following brands: Delaware Life, Gainbridge®, Clear Spring Health, Clear Spring Property and Casualty Group, Clear Spring Life and Annuity Company, and RVI Group, among others.

Annuities are long-term investment vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses, or to fund short-term savings goals. Delaware Life Insurance annuities have limitations, exclusions, charges, termination provisions, and terms for keeping them in force.

Fixed index annuities are not securities and do not participate directly in the stock market or any index and are not investments. It is not possible to invest directly in an index. Guarantees are backed by the financial strength and claims-paying ability of Delaware Life Insurance Company (Zionsville, IN). Growth Pathways is issued with policy forms ICC22- DLIC-FIA, DLIC22-FIA. Policy and rider form numbers may vary by state. Products, riders, and features may vary by state, and may not be available in all states.

Delaware Life Insurance Company (Zionsville, IN) is authorized to transact business in all states (except New York), the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.

Backtesting and other statistical analysis uses simulated analysis and hypothetical circumstances to estimate how the Precision Portfolios may have performed between specific periods, prior to their actual existence. For detailed date parameters, please refer to the individual index performance disclosures. The results obtained from backtesting should not be considered indicative of the actual results that might be obtained from an investment in the portfolio as the actual performance of the Precision Portfolios may vary significantly from the results obtained from backtesting.


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