Is Delaware Life a Good Insurance Company?  At Diversified Insurance Brokers, we evaluate carriers on financial strength, contract design, and real-world retiree outcomes. Delaware Life focuses on annuities built for conservative growth and reliable lifetime income. If you’re seeking guaranteed income you can’t outlive—without stock market risk—Delaware Life can be a strong contender to compare alongside other top carriers.

Why Retirees Consider Delaware Life

• Principal Protection: Fixed and fixed indexed annuities protect your premium from market losses while crediting interest based on fixed rates or index methods.
• Dependable Income: Optional income riders can turn your savings into predictable, guaranteed lifetime paychecks—individual or joint life.
• Clear Contract Designs: Straightforward terms and competitive surrender schedules make it easier to understand how your money grows and when you can access it.
• Tax-Deferred Growth: Interest grows tax-deferred until you take withdrawals, helping compound value more efficiently for future income.

Types of Annuities You’ll See

• Multi-Year Guaranteed Annuities (MYGAs): CD-style fixed rates for 3–10 years. Helpful for parking cash at a predictable rate or laddering maturities.
• Fixed Indexed Annuities (FIAs): Growth linked to market indexes (with floors) plus optional income riders for lifetime withdrawals.
• Immediate or Deferred Income Options: For clients who want income now (SPIA) or to lock in a future start date with guaranteed payouts.

Who Delaware Life May Fit Best

• Pre-retirees planning a transition to guaranteed income within 1–10 years and wanting to lock in payout rates now.
• Conservative investors prioritizing principal protection and steady, tax-deferred growth over market volatility.
• Couples seeking predictable joint-life income that continues for the surviving spouse.
• IRA/401(k) rollovers turning a portion of savings into lifetime income to cover essential expenses (housing, food, healthcare).

What to Consider Before You Buy

• Liquidity: Most contracts include limited penalty-free withdrawals; if you need frequent large withdrawals, we’ll structure accordingly.
• Rider Costs: Income riders add value but may include a fee—your guaranteed income benefits should justify the cost.
• Index Crediting Details (for FIAs): Caps, participation rates, and spreads vary by product and rate cycle; we’ll compare options side-by-side.
• State Availability: Features and rates can vary by state and age—our quote compares compliant options for your location.

Example: Turning Savings into Guaranteed Income

Suppose a 66-year-old couple (joint life) rolls $400,000 into a Delaware Life fixed indexed annuity with an income rider and waits three years to start withdrawals. Depending on product and current rate terms, the calculator may show a guaranteed lifetime payout designed to cover essential expenses—continuing for as long as either spouse lives. We’ll run this alongside other carriers to confirm you’re getting the strongest guaranteed income for your deposit and timeline.

How Diversified Insurance Brokers Helps

We answer your questions:  Is Delaware Life a Good Insurance Company?  We compare Delaware Life against more than 100 carriers, model guaranteed income scenarios, and stress-test different start dates, single vs. joint payouts, and rider options. Our unbiased approach ensures you select the best fit for your goals—not just a single company’s product.