Delaware Life Unveils New Fixed Index Annuity Innovations

Delaware Life Launches Innovative Fixed Index Annuities

Delaware Life Insurance Company, a part of Group 1001, has just introduced a cutting-edge suite of Fixed Index Annuities (FIAs), namely Momentum Growth™, Momentum Growth Plus™, and DualTrack Income™. These new offerings are designed to provide investors with the ability to manage their risks and enhance their growth potential effectively while navigating the complexities of today’s financial landscape.

Tackling Today's Market Challenges

In an economic environment characterized by uncertainty and rising inflation, Delaware Life seeks to meet the evolving needs of its clients. The introduction of these innovative annuities reflects the company's commitment to empowering investors facing the challenges of outliving their savings and grappling with fluctuating markets.

Momentum Growth™ Features

Momentum Growth™ allows investors to harness enhanced growth opportunities while retaining principal protection. One notable feature is the VersaGain crediting option, enabling clients to safeguard the interest accrued over the prior term. Clients can opt to protect their interest at varying levels or reinvest it for potentially higher returns in subsequent years. Additionally, the Index Lock feature lets investors lock in gains from market indices at any chosen time, ensuring some protection against market downturns.

Momentum Growth Plus™ Advantages

The Momentum Growth Plus™ takes the benefits of the standard Momentum Growth™ and adds an enticing 10% premium bonus for accelerated accumulation. This enhanced feature supports the goal of maximizing investment growth while maintaining flexibility for clients.

Understanding DualTrack Income™

When it comes to securing a reliable income stream, the DualTrack Income™ stands out by offering a Guaranteed Lifetime Withdrawal Benefit (GLWB). This innovative feature ensures clients receive the greater of a 9% roll-up base or a 150% performance multiplier on earned interest. This hybrid approach allows clients to enjoy the security of guaranteed income along with opportunities for market-based growth.

A Legacy of Innovation

Delaware Life has a rich history, being the pioneer in the FIA market more than two decades ago. The introduction of the new products demonstrates the company’s ongoing commitment to evolving its offerings to better serve clients' retirement needs. The products are supported by advanced strategies and diverse crediting options backed by renowned market indexes such as Nasdaq, Barclays, and S&P, further amplifying opportunities for growth and financial stability.

Collaborative Efforts for Client Solutions

To develop these innovative products, Delaware Life collaborated with Genesis Development Group, a notable player in the FIA landscape. This partnership is seen as a significant step in delivering tailored solutions to clients, all while maintaining the integrity and efficacy of the annuity structures.

“It has been our mission to provide innovative financial products that help individuals achieve their retirement aspirations,” stated Derek Ferguson, President of Genesis Financial Development, Inc. “The collaboration with Delaware Life represents a continued commitment to this mission, offering clients cutting-edge solutions.”

Commitment to Customer Success

Robert Kelson, co-head of National Accounts for Delaware Life, emphasized the company's ongoing investment in its clients. “Our innovative product suite is engineered to navigate today’s fluctuating economic environment. We strive to provide financial professionals and their clients with the necessary tools to enjoy both growth and guaranteed income in retirement,” he remarked.

About Delaware Life Insurance Company

Delaware Life is dedicated to providing comprehensive insurance and annuity solutions tailored to meet the unique needs of clients. As a subsidiary of Group 1001, the company prides itself on delivering a seamless experience for financial advisors and their customers. Understanding that every financial journey is unique, Delaware Life is committed to equipping advisors with the products that offer reliability, peace of mind, and a secure financial future.

About Group 1001

Group 1001 is focused on fostering growth through its collective insurance and annuity solutions accessible to a broad audience. With an emphasis on innovation and technology, the company supports individuals in taking control of their financial journeys while promoting financial literacy and wellness.

About Genesis Development Group

Genesis Development Group has been instrumental in crafting innovative financial products since it launched the first fixed indexed annuity in the United States. With a storied history, they have developed a multitude of products and secured numerous patents designed to help Americans fulfill their retirement goals.

Frequently Asked Questions

What are the new products launched by Delaware Life?

Delaware Life has introduced three new Fixed Index Annuities: Momentum Growth™, Momentum Growth Plus™, and DualTrack Income™.

How can these annuities help with retirement planning?

These annuities offer a blend of growth potential and income security, allowing clients to customize their risk management while capitalizing on market movements.

What is the unique feature of Momentum Growth™?

Momentum Growth™ allows clients to lock in index interest and offers a VersaGain crediting option to manage interest accrued effectively.

Who collaborated with Delaware Life on these products?

Delaware Life worked in partnership with Genesis Development Group to design these innovative annuity offerings.

What commitment does Delaware Life have towards its clients?

Delaware Life focuses on creating customizable solutions that meet the ever-changing needs of their clients in the retirement landscape.

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