We Focus on What Matters to You

Transcription

1 The Strength of Delaware Life: We Focus on What Matters to You At Delaware Life Insurance Company, we re focused on two of the things that matter most to you: your financial security and your future. Highlights as of March 31, 2018 That s why every Delaware Life employee will go out of their way to make sure that: You feel confident that the money you have given us will be there in the future when you need it. Assets under management $36.0 billion You get what you re looking for: straightforward products that you understand clearly and that perform in line with your expectations. Every interaction you have with us creates an experience that is honest, efficient, and accurate. We strive to be the company you are delighted to do business with because you get real results and real value with every encounter. And the partners we choose to collaborate with are as passionate as we are about giving you the knowledge and power you need to make smart decisions as you build for your future. Invested assets $14.6 billion PGI0009FHMBank (Revised 06/18) Page 1 of 4 DLPC /18 EXP 05/19

2 Delivering Pure Value with Clarity, Trust, and Real Results In fact, at Delaware Life we ve made it our mission to deliver value and results to everyone we work with by: Building responsive annuity and insurance products with practical features; clear choices; simple, straightforward pricing; and solid long-term returns using the best brains and technology available. Making those products available to a network of knowledgeable financial representatives who deliver those products with clarity and integrity to help you make smart decisions to protect your savings and build for the future, according to your individual needs. Creating a seamless, accurate service experience you can trust from the first moment you contact us. Managing Risk with Financial Strength Founded in 2013, Delaware Life is a member of Group One Thousand One: a dynamic network of businesses making insurance more useful, logical, and accessible for everyone. As of March 31, 2018, the company managed nearly 320,000 active annuity and life insurance policies representing $36.0 billion in assets under management and $14.6 billion of invested assets. In addition, our risk based capital (RBC) ratio of 542% 1 and high industry ratings mean that we have: The financial resources and disciplined risk management practices in place to keep our promises to you through the economy s ups and downs. The ongoing financial strength to meet our obligations to every client who owns a Delaware Life insurance or annuity contract. 1 As of 12/31/17. The risk-based capital (RBC) Ratio is a measurement used by the National Association of Insurance Commissioners (NAIC) to judge if a company s capital level is adequate given the size and degree of risk it has taken on. For example, at a 300% RBC level, a company holds $3 of capital for every $1 of risk assumed. Generally, the higher the ratio, the healthier the company. PGI0009FHMBank (Revised 06/18) Page 2 of 4 DLPC /18 EXP 05/19

3 Financial Strength Ratings as of March 31, 2018 A- (Excellent) 2 A.M. Best Delaware Life Insurance Company and Delaware Life Insurance Company of New York High-Quality, Well-Diversified Investment Account As of March 31, % 13.7% 12.2% 48.3% 48.3% Corporate Bonds (95% Investment Grade) 17.0% Asset-backed Securities 13.7% Other 12.2% Cash & Short-Term Securities 4.7% Mortgages 4.2% Government/Agency Securities 4.2% 17.0% 2 A.M. Best A- (Excellent) is 4th out of 13 possible ratings. PGI0009FHMBank (Revised 06/18) Page 3 of 4 DLPC /18 EXP 05/19

4 delawarelife.com Delaware Life Insurance Company is authorized to transact business in all states (except New York), the District of Columbia, Puerto Rico and the U.S. Virgin Islands and is a member of Group One Thousand One. This communication is for informational purposes only. It is not intended to provide, and should not be interpreted as individualized investment, legal or tax advice. To obtain such advice, please consult with your investment, legal or tax professional. NOT FDIC INSURED MAY LOSE VALUE NO BANK OR CREDIT UNION GUARANTEE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY OR NCUA/NCUSIF 2018 Delaware Life Insurance Company. All rights reserved. PGI0009FHMBank (Revised 06/18) Page 4 of 4 DLPC /18 EXP 05/19

5 Pinnacle MYGA Single Premium Deferred Multi-Year Guaranteed Annuity At a Glance Issued by Delaware Life Insurance Company Pinnacle MYGA is a single premium tax-deferred fixed rate annuity with multiple interest rate guarantee periods. For people who are concerned about market volatility, it provides a simple, steady, guaranteed way to build retirement savings without the risk of investing in stocks, bonds or mutual funds. If you have a separate, large sum you d like to protect and potentially grow to supplement your retirement income, Pinnacle MYGA offers: A guaranteed, fixed interest rate for the period you select Protection of your principal Tax-deferred growth until you take withdrawals Three income payment options Summary of Key Features For more details see the Pinnacle MYGA Disclosure Statement. Guarantee Periods Maximum Issue Age Ownership Requirements Premium Plan Types 3, 5, 7 or 10 years 85 (for owners and annuitants) Owner must be the annuitant, except when a trust is the owner Minimum: $10,000 non-qualified; $5,000 qualified 1 Maximum: $1,000,000 per owner without Delaware Life approval Non-qualified and qualified IRA, SEP-IRA (Rollover/Transfers), and Roth IRA 1 There is no additional tax benefit to purchasing an annuity within a qualified retirement plan. If you chose to purchase an annuity in a qualified retirement plan you should so so for reasons other than tax deferral, such as the features and benefits of the annuity. NOT FDIC INSURED MAY LOSE VALUE NO BANK OR CREDIT UNION GUARANTEE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY OR NCUA/NCUSIF

6 Continued Automatic Renewals to Age 95 Free Withdrawals of up to 10% each year 2 Market Value Adjustment (MVA) You have 30 days at the end of each guarantee period to select a new guarantee period, elect a settlement option, or withdraw the account value with no surrender charge or market value adjustment (MVA). If no election is made, the policy automatically renews using the previous guarantee period at the current rate. After the first contract year, up to 10% of the anniversary account value per year or annual required minimum distribution (RMD) can be withdrawn without incurring a surrender charge or market value adjustment (MVA). Adjustment applied to withdrawals and surrenders in excess of the 10% free withdrawal limit made at any other time than the 30-day window prior to the end of a guarantee period to account for any changes in the current interest rate credited to the contract since its inception date. MVA does not apply to penalty-free withdrawals, the payment of a death benefit, or at the end of the guarantee period. State variations may apply. MVA is an adjustment made to account for changes in the interest rate credited to the contract since its inception. Surrender Charge Schedule Guaranteed Interest Rate Periods Withdrawal and Surrender Charges by Guarantee Period Year year 7% 6% 5% 5-year 7% 6% 5% 4% 3% 7-year 7% 6% 5% 4% 3% 2% 1% 10-year 7% 6% 5% 4% 3% 2% 1% 1% 1% 0.75% Systematic Withdrawals Annuitization Options Death Benefit Chargebacks May be taken annually, semi-annually, quarterly or monthly Minimum amount is $100 Minimum account value of $2,000 must be maintained Life annuity Life annuity with period certain (minimum number of years) Joint and last survivor annuity Cannot occur during the first contract year. If you die before you begin receiving annuity income payments, your beneficiary(ies) will receive the account value of your annuity, including all the interest you ve earned, minus any adjustments for charges and taxes. 100% on death, surrender and withdrawals within the first contract year. 2 Withdrawals are taxed as ordinary income and, if taken prior to age 59½, there may be a 10% federal tax penalty. Withdrawals will reduce any protection benefits, and may result in a surrender charge or a market value adjustment (MVA). 2 Delaware Life Pinnacle MYGA Single Premium Deferred Multi-Year Guaranteed Annuity

7 Guarantees are backed by the financial strength and claims-paying ability of Delaware Life Insurance Company (Waltham, MA). Policies and contracts are issued by Delaware Life Insurance Company. For use with Delaware Life Insurance Company policy form ICC14-DLIC-MYGA-01A and state-specific variations where applicable. 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. This material may not be approved in all states. Ask your financial professional for more information. Annuity products offered by Delaware Life Insurance Company (Waltham, MA). Delaware Life Insurance annuities have limitations, exclusions, charges, termination provisions, and terms for keeping them in force. Please contact your financial professional for complete details. They are long-term 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 Company is authorized to transact business in all states (except New York), the District of Columbia, Puerto Rico and the U.S. Virgin Islands and is a member of Group One Thousand One. This profile is a general description of the product. Please read your contract and disclosure statement for definitions and complete terms and conditions, as this is a summary of the annuity s features. This communication is for informational purposes only. It is not intended to provide, and should not be interpreted as individualized investment, legal or tax advice. To obtain such advice, please consult with your investment, legal or tax professional. PGI0007PAG 3

8 delawarelife.com Service Center: PO Box , Topeka, KS Sales Support: 844.DEL.SALE ( ) Customer Service: NOT FDIC INSURED MAY LOSE VALUE NO BANK OR CREDIT UNION GUARANTEE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY OR NCUA/NCUSIF 2018 Delaware Life Insurance Company PGI0007PAG (Revised 06/18) DLPC /18 EXP 06/19