Delaware Life Target Growth 10 Fixed Index Annuity – Principal Protection with Built-In Growth Guarantees
Market Growth with Downside Protection
At Diversified Insurance Brokers, we help clients make smarter annuity decisions that support long-term stability. The Delaware Life Target Growth 10 Fixed Index Annuity, issued by Delaware Life Insurance Company, offers a powerful mix of market participation, downside protection, and guaranteed account value growth—ideal for those looking to protect their assets while still benefiting from market performance.
This annuity offers a 10-year surrender schedule and a blend of features designed to provide retirement confidence.
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Multiple Index Crediting Strategies
Policyholders can choose from several index crediting strategies, including:
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S&P 500® Index
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Goldman Sachs Canopy Index
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Franklin SG Select Index
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First Trust Capital Strength Barclays 10% Index
These index options are designed to offer a mix of volatility control and long-term upside, giving you the flexibility to tailor your strategy to your personal risk preferences. All growth is tax-deferred, which means more money compounding over time.
Need help selecting the best strategy? Request a personalized annuity quote and one of our advisors will walk you through your options.
Guaranteed Growth with GMAV
One of the standout features of this annuity is the Guaranteed Minimum Account Value (GMAV)—which guarantees that your account will be worth at least 120% of your initial premium at the end of the 10-year term, even if index returns underperform.
This built-in benefit gives you peace of mind, knowing that your retirement savings will grow no matter what the market does.
Liquidity and Protection Features
Starting in year two, the contract allows for penalty-free withdrawals of up to 10% of the account value annually. It also includes a Bailout Provision, which allows you to access all your funds without surrender charges if your renewal cap rates drop below a specified threshold.
This level of flexibility makes the Target Growth 10 a great fit for those who value both security and access.
Estate Planning Benefits
In the event of death, beneficiaries receive the full accumulation value—making this annuity a tax-efficient tool for passing on wealth.
Who This Annuity May Be a Good Fit For
The Delaware Life Target Growth 10 Annuity may be a strong fit for:
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Individuals nearing or entering retirement who want principal protection with upside potential
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Savers interested in guaranteed growth over 10 years
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Conservative investors who want to avoid market losses while still participating in gains
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IRA or rollover clients seeking a long-term, accumulation-focused solution
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Those who value flexibility and guaranteed minimum values
If you’re looking to grow your retirement funds without the risk of market loss, this product is a compelling choice.
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: Delaware Life Target Growth 10 Annuity
What is the Delaware Life Target Growth 10 Annuity?
The Target Growth 10 is a 10-year fixed or fixed-indexed annuity offered by Delaware Life. It helps savers accumulate funds with principal protection, while offering fixed-rate or index-linked interest crediting during the 10-year guarantee period.
How does interest or index crediting work?
You may choose a fixed-interest crediting option or one or more index-linked crediting strategies. If using an index-linked option, credited interest is calculated based on caps, participation rates, or spreads tied to a market index. Your money is not directly invested in the market — only credited based on index performance.
Is my principal protected from market downturns?
Yes. As a fixed or fixed-indexed annuity, Target Growth 10 protects your accumulation value (principal plus credited interest) from market losses. Even if the index performs poorly, your value is not reduced (assuming no withdrawals or contract penalties apply).
Can I access my funds before the end of the 10-year period?
Some contracts may allow a limited “free-withdrawal” each year after the first contract year — often a small percentage of the account value — without surrender charges. However, withdrawals beyond that allowance or full surrender during the 10-year period can trigger surrender charges or reduce credited interest or benefits.
What happens at the end of the 10-year guarantee period?
When the 10-year term ends, you generally have several options: withdraw the funds, renew or roll over into a new contract (at prevailing rates), or convert the value into payouts or income if the contract allows. Review the contract’s maturity-period options carefully.
Does Target Growth 10 offer payout or income options?
Depending on the version and any optional riders selected, you may have the option to convert accumulation value into structured withdrawals or lifetime income payments once the guarantee period ends. Evaluate payout terms and any associated fees before choosing this option.
How are withdrawals or income payments taxed?
Earnings grow tax-deferred while funds remain in the contract. Upon withdrawal or payout, the taxable portion is generally taxed as ordinary income. Early withdrawals (before age 59½) may also be subject to additional IRS penalties depending on your circumstances.
Who is Target Growth 10 a good fit for?
This annuity may suit individuals looking for a 10-year accumulation horizon, principal protection, and the possibility of index-linked or fixed growth without direct market risk. It can also appeal to those planning for mid-term goals or seeking a conservative component in a diversified retirement strategy. For more on how fixed and indexed annuities compare, check out our fixed indexed annuity primer.
What should I consider before purchasing?
Important factors to review: interest-crediting method, free-withdrawal allowance, surrender-charge schedule, liquidity needs, whether you can commit funds for the full 10 years, and any optional rider or payout fees. Ensure the contract’s structure aligns with your long-term goals and timing.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
