CUSIP Number:
246115158
CUSIP Name:
10 and 9 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
22 Jan 2018
Close Date:
CUSIP Note:
Scrap Book:
The Delaware Life Target Income 10 is a flexible premium deferred index annuity. The minimum single premium is $25,000 for qualified and non-qualified money. Additional premium payments can be made at any time with a minimum of $500. During the first contract anniversary, up to 10% of the total purchase payments can be withdrawn. In subsequent contract anniversaries, withdrawals can be made up to 10% of the previous contract anniversary amount or the required minimum distribution, whichever is greater. Surrender charges are 10 years (9 years for CA only) in duration and may be waived in the event of annuitization, death, entrance into an eligible nursing home, or diagnosis of a terminal illness. There is a GLWB available at issue. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Guarantees based on claims paying ability of insurer. Products/features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Last Modified:
11 Jun 2025 13:27