To give consumers a simple, tailored way to diversify returns
and guarantee higher minimum growth, Delaware Life Insurance
Company (Delaware Life), a Group 1001 company, announces the
addition of two diversified, multi-strategy Precision Portfolios as
part of the Growth Pathway fixed index annuity (FIA). As an
additional enhancement, Growth Pathway is now the only FIA to offer
the Invesco QQQ ETF.
Clients can choose from two diversified Precision Portfolio
options – one without volatility control indexes and the second
featuring indexes both with and without volatility control. The
portfolio options comprise index strategies (which can also be
selected individually) from world-class, well-known investment
companies including Invesco, Janus Henderson, First Trust/Barclays,
and Franklin Templeton/Société Générale, as well as a fixed
account.1
The Precision Portfolios include an enhanced no-fee Guaranteed
Minimum Account Value (GMAV) that guarantees the annuity account
value will grow over the surrender charge period even if the
selected portfolio doesn’t generate interest credit. At the end of
the surrender period, the account value will receive a GMAV credit
(118 percent after five years or 125 percent after seven
years).2
“The Precision Portfolios do the work for consumers by providing
a diversified range of options and also an enhanced GMAV,” said
Group 1001 Chief Product Officer Dale Uthoff. “Featuring some of
the top investment company names in the industry, Precision
Portfolios combine the power of diversification with financial
markets research to help clients meet their retirement savings
goals.”
Michelin Sharp, Head of the Insurance and Retirement Group at
Janus Henderson, said, “Our Adaptive allocation process seeks to
harness the Nobel Prize-winning research of Dr. Myron Scholes by
attempting to balance the risk of market losses with the risk of
missing out on market gains, using information derived from the
options markets. We are pleased to partner with Delaware Life to
bring this strategy within a fixed index annuity that seeks to
provide capital preservation and tax benefits to investors.”
“We are pleased to offer insurance customers access to Invesco
QQQ as an index within Delaware Life’s fixed indexed annuity,” said
Paul Temple, Head of Invesco Financial Institutions Group. “QQQ is
a leading ETF that provides exposure to a diverse group of
cutting-edge Nasdaq-100 companies. This is the first time that QQQ
will be offered as an index within a FIA and it highlights
Invesco’s ongoing commitment to innovation within the insurance
landscape. We are looking forward to strengthening our relationship
with Delaware Life through this partnership.”
1 A Precision Portfolio option is a present combination of
interest crediting strategies and allocation percentages that are
made available for selection at annuity purchase. Customers may
only select one Precision Portfolio to allocate 100% of their
premium payment. Precision Portfolio options are only available at
issue and the predetermined allocation percentages making up the
portfolio will not change or be rebalanced.
2 The GMAV Credit is equal to the GMAV Base minus the Account
Value at the 5th or 7th anniversary (matching the selected
Surrender Charge Period) but will never be less than 0. The GMAV
Base is equal to the initial premium multiplied by the GMAV Factor,
plus additional payments and adjusted for any withdrawals. To be
eligible for the Enhanced GMAV, customers must allocate 100% of
their initial premium payment to a Precision Portfolio option and
the Account Value must remain allocated to that preset allocation
option until the end of the Surrender Charge period.
For more information about Precision Portfolios and Delaware
Life index providers, visit:
https://www.delawarelife.com/product/growth-pathway.
To learn more about the Invesco QQQ ETF, visit
https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-QQQ.
For full disclosures and applicable disclaimers for the Janus
Henderson Adaptive Market Leaders US Index see:
https://indices.janushenderson.com/indices/adaptive-market-leaders/#janus-henderson-adaptive-market-leaders-us-index-jamluser.
Visit https://franklin-sg-select-advantage.com for more
information on the Franklin SG Select Advantage Index.
First Trust Capital Strength Barclays Index details can be found
here: https://indices.barclays/CapStrength10.
About Delaware Life Insurance
Company
Delaware Life is an annuity company that empowers financial
professionals with a wide array of customizable solutions. A
subsidiary of Group 1001, we were born out of the advisor industry,
and we understand how important it is to find the right fit for
every client, every situation, and every individual need. We’re
passionate about equipping you with annuities that give your
customers peace of mind and a successful future—allowing them to
plan with confidence for whatever’s next.
About Group 1001
Group 1001 is a collective that empowers companies to create
positive growth. Our insurance and annuities are easy to understand
and accessible to all. Our online investing platform gives
individuals control over their savings. Our technology and
innovation help companies succeed. And our strategic partnerships
bring people together through education and sports.
As of December 31, 2023, Group 1001 had more than 1,200
employees and combined assets under management of $62.6 billion,
serving more than 950,000 customers. It comprises the following
brands: Delaware Life, Gainbridge®, Clear Spring Health, Clear
Spring Property and Casualty Group, Clear Spring Life and Annuity
Company, and RVI Group, among others.
Annuities are long-term investment 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 annuities have
limitations, exclusions, charges, termination provisions, and terms
for keeping them in force.
Fixed index annuities are not securities and do not participate
directly in the stock market or any index and are not investments.
It is not possible to invest directly in an index. Guarantees are
backed by the financial strength and claims-paying ability of
Delaware Life Insurance Company (Zionsville, IN). Growth Pathways
is issued with policy forms ICC22- DLIC-FIA, DLIC22-FIA. 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.
Delaware Life Insurance Company (Zionsville, IN) is authorized
to transact business in all states (except New York), the District
of Columbia, Puerto Rico, and the U.S. Virgin Islands.
Backtesting and other statistical analysis uses simulated
analysis and hypothetical circumstances to estimate how the
Precision Portfolios may have performed between specific periods,
prior to their actual existence. For detailed date parameters,
please refer to the individual index performance disclosures. The
results obtained from backtesting should not be considered
indicative of the actual results that might be obtained from an
investment in the portfolio as the actual performance of the
Precision Portfolios may vary significantly from the results
obtained from backtesting.
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version on businesswire.com: https://www.businesswire.com/news/home/20240521280315/en/
Amanda Vela Group 1001 Social Media Manager
amanda.vela@group1001.com 317-374-3180