Today’s Best Delaware Life Annuity Rates
| Term | Product | AM Best Rating | Rate |
|---|---|---|---|
| 7 Years | Apex MYGA | A- | 5.30 % |
| 7 Years | Pinnacle Plus MYGA | A- | 5.30 % |
| 10 Years | Pinnacle Plus MYGA | A- | 5.30 % |
Delaware Life
Key Company Metrics
AM Best Rating: A- (Excellent)
Years in Business: 12 Years
Direct Premiums Sold: $7.1 billion
Product Availability: Indexed, variable, and MYGA
Compare Delaware Life Annuity Rates
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| Product |
Rate
|
Guarantee Period
|
Surrender Period
|
AM Best Rating
|
|---|---|---|---|---|
Apex Control |
4.90% | 3 Years | 3 Years | A- |
|
Apex Control |
5.25% | 7 Years | 7 Years | A- |
|
Apex Control |
5.20% | 5 Years | 5 Years | A- |
|
Apex MYGA |
5.25% | 5 Years | 5 Years | A- |
|
Apex MYGA |
5.00% | 3 Years | 3 Years | A- |
Additional Products Offered by Delaware Life
Delaware life offers 12 annuity products — nine indexed annuities, one variable annuity, and two multi-year guaranteed annuities (MYGAs).
Delaware Life offers detailed descriptions of its products in brochures and annuity rate sheets on its website for people looking to buy an annuity. It does not offer immediate annuities.
Indexed Annuities
Delaware Life offers the following indexed annuities:
- Growth Pathway®
- Target Income Choice™
- Target Growth 10®
- Retirement Stages Select®
- TruePath Income™
- PrimeStart Bonus 10™
- Momentum Growth™
- Momentum Growth Plus™
- DualTrack Income™
Some of the standout indexed annuities from Delaware Life include:
Growth Pathway® is an indexed annuity that offers protection from market volatility. You can choose from four index options and one fixed account option to make it unique. It requires a $10,000 minimum initial premium. Withdrawals are flexible but may incur a federal tax penalty if taken before you turn 59 1/2.
The PrimeStart Bonus 10™ annuity is a unique product, which combines a 14% premium bonus, interest crediting based on the lowest index value in the initial 90 days, and a flexible index account lock.
Momentum Growth™ has a built-in feature called VersaGain™, that allows you to customize your annual growth potential, control what you protect, and maximize growth. The Momentum Growth Plus™ annuity comes with the added perk of a 15% premium bonus.
Who Delaware Life’s Index Annuities Work Best For
1. Growth Pathway®
Christine, 60, wants index growth with downside protection and index choice. Growth Pathway® offers protection from downturns plus four index options and one fixed account, with a $10,000 minimum and flexible withdrawals.
2. PrimeStart Bonus 10™
Anthony, 56, wants to maximize his starting value and lock in early gains. PrimeStart Bonus 10™ combines a 14% premium bonus, crediting based on the lowest index value in the first 90 days, and a flexible index lock.
3. Momentum Growth™
Yvette, 59, wants to customize her growth and protection each year. Momentum Growth™ includes the VersaGain™ feature to fine-tune annual growth potential and control what she protects.
4. Momentum Growth Plus™
Nora, 66, needs reliable income she cannot outlive. Ascent Pro offers a rider to convert part of the contract into a guaranteed income stream, available in seven- or ten-year terms.
Multi-year Guaranteed Annuities
Delaware Life’s Apex MYGA® fixed annuity allows people aged 18 to 85 to save for three, five or seven years with a $10,000 minimum initial premium.
This Product In Action: Theresa, 67, wants a safe home for her IRA rollover with easy access. Apex MYGA® offers 3-, 5-, or 7-year terms, a $10,000 minimum, 10% annual penalty-free withdrawals after year one, and health waivers.
You can withdraw 10% in the first year and then 10% of your savings each year thereafter without extra charges. Plus, you can take out money without extra charges if you’re sick or in a nursing home after a year.
It also offers options for regular payments or turning your savings into a steady income later in life.
There’s also the Pinnacle PlusSM annuity, which is open to people aged 18 to 85 with a minimum initial premium of $25,000.
This Product In Action: Warren, 70, wants a MYGA with more structure as he converts to income. Pinnacle Plus℠ requires a $25,000 minimum, offers flexible terms with declining surrender charges, and can generate periodic payments or convert to lifetime income.
You can choose from different term options and take out up to 10% after the first year without extra charges.
Surrender charges decrease over time and options are available to get money regularly or as steady income when you’re older, providing flexibility.
Variable Annuities
Delaware Life’s Accelerator Prime® variable annuity offers three income protection options: Income Boost, Income Control and ArmorSM.
This Product In Action: Judith, 63, wants broad investment choice and income protection options. Accelerator Prime® offers 80+ investment choices and three protection strategies (Income Boost, Income Control, Armor℠) at 1.35% or 0.60% annually.
These options cater to different financial goals and come with 80+ investment choices.
The annual costs are 1.35% for income options and 0.60% for ArmorSM, providing a comprehensive solution for diverse financial needs.
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About Delaware Life
Delaware Life is licensed in 49 states plus Washington, D.C. and Puerto Rico. The company sold $7.1 in annual direct annuity premiums in 2024, according to the National Association of Insurance Commissioners (NAIC). Annuities account for a large majority of all policies Delaware Life issued.
According to the company’s website, Delaware Life has more than 324,000 annuity and life insurance policies in force, and has $34.3 billion in total invested assets.
Delaware Life specializes in retirement services. It is a relatively new company, founded in 2013 as a subsidiary of Group 1001.
Log into your provider account or connect with customer service at 877-253-2323.
Talk to one of our trusted partners at 855-995-1277 or request a free estimate.
Credit Ratings
Knowing how credit ratings work for annuity providers is crucial when making a long-term commitment such as buying an annuity. These ratings indicate a provider’s financial strength and stability but be aware that rating scales may vary across rating companies.
Delaware Life Credit Ratings
| Rating Company | Credit Rating |
| AM Best | A- |
| Fitch | A- |
| S&P | A- |
See which annuity providers our independent editorial team ranked as the Best Annuity Companies of 2026.
What Customers Are Saying About Delaware Life
The NAIC tracks consumer complaints that each state’s insurance commission receives each year. These are used to compile a company’s NAIC Complaint Index.
Delaware Life’s index is below the national baseline for annuities and for overall policies sold.
NAIC Complaint Index for Delaware Life
| All Policy Types | 0.05 |
| Individual Annuities Only | 0.52 |
In J.D. Power’s 2025 U.S. Individual Annuity Study, Delaware Life was ranked below average for overall customer satisfaction. Delaware Life received a score of 628 out of 1,000, and the study average score was 639.
Delaware Life Pros & Cons
You should weigh the pros and cons of annuity providers when shopping for an annuity. Among the pros for Delaware Life is a wide variety of investment options in some of its products and wide availability through most of the U.S.
- Future Income Security
- Delaware Life provides various options to help you secure your future income, according to your financial preferences. Whether you want to maximize your profits, maintain a balanced growth or protect against potential losses, they have you covered.
- Ability To Choose Your Investments
- You can choose from over 80 investment options with certain products to tailor your portfolio to your specific needs and risk tolerance. These investment options are managed by experienced companies, so you can trust that your money is in good hands.
- Wide Availability
- Delaware Life is licensed to operate in 49 states, Washington, D.C. and Puerto Rico, though not all products may be available in all states.
- Bonus Features
- Some annuity options offer bonus features, such as a premium bonus of up to 14%, which can help enhance the growth potential of your investments.
- Flexibility
- While there may be charges and penalties for early withdrawals, the annuities offer flexibility with options for periodic withdrawals, providing liquidity when needed.
Pros of Delaware Life Products
The downside of Delaware Life annuity products include fees, tax implications and complexity in figuring out which product may be right for you.
- Fees
- These fees are 1.35% for income options and 0.60% for certain protection options.
- Age Restrictions
- Older individuals may not be able to make ongoing contributions after they reach a certain age.
- Tax Implications
- There’s a potential penalty for taking out money before a certain age. This can affect the amount of money you get to keep.
Cons of Delaware Life Annuity Products
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