Delaware Target Growth 10 Fixed Indexed Annuity

Target Growth 10 ® Fixed Index Annuity Product summary Issue ages 18-80

$25,000 for both qualified and nonqualified money; flexible premium deferred annuity

Minimum initial premium

Minimum: $500; Maximum: Total premiums cannot exceed $1M without prior approval

Subsequent premiums 1

Plan types

Nonqualified, IRA, SEP-IRA, and Roth IRA

10% of the total premiums during the first contract year; 10% of the last contract anniversary value or required minimum distribution (RMD), if greater, in the contract years thereafter

Free withdrawal amount 2

Surrender charges 3

10-year non-rolling surrender charge schedule: Year 1

234567891011+

Standard schedule

10% 10% 10% 10% 10% 9% 8% 7% 6% 5% 0%

Market value adjustment State variations apply

Applies to withdrawals and surrenders greater than the free withdrawal amount; waived at death or within bailout window

Available one year from contract issue: • Single-life only • Single-life with 10-30-year period certain • Joint and survivor life

Annuitization 4

Maximum annuitization age

95

Death benefit

Greater of account value or surrender value

No-cost benefits 5

GMAV; bailout provision; nursing home waiver; terminal illness waiver

1 Subsequent premiums not permitted after any owner/annuitant has attained age 85. 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 MVA. 3 With a non-rolling surrender charge, all premiums are free from surrender charges at the end of the surrender charge schedule. Below are the state-specific and California-only surrender schedules. The state-specific surrender schedule is for use in the following states: AK, CT, DE, FL, IA, ID, IN, MA, MD, MN, MO, MT, NJ, OH, OR, PA, SC, TX, UT, WA. Year 1 2 3 4 5 6 7 8 9 10 11+ State-specific schedule 10-Year 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0%

California schedule

9-Year

9.20% 8.20% 7.20% 6.20% 5.20% 4.15% 3.15% 2.10% 1.05% 0% 0%

4 We may offer other options other than those listed. Please refer to the contract for details. 5 Must meet certain criteria. Subject to state availability. Please refer to the contract for details.

Delaware Life Target Growth 10 ® Fixed Index Annuity

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