Key terms
Point-to-Point Crediting
The growth rate determined by comparing the index’s value at the beginning of the crediting period to its value at the end of the crediting period.
Index Cap Rate
The maximum percentage of interest, as part of an index strategy, that can be credited to any account value that is allocated to an index account for a given term.
Index Participation Rate
A factor applied to the performance of an index that is used to determine the index interest credit for an index strategy.
Interest Credited
The total amount of interest credited to the account value for both the fixed-rate and index-based strategies.
Crediting Period
The time period associated with each index account and fixed account, used to determine the interest credited. Each rate (Index participation rates, cap rates, and/or fixed interest rates) associated with a given index account or fixed account will not change during the term, but is subject to change at the start of each new term.
Delaware Life Target Growth 10 ® Fixed Index Annuity
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