CIBC The RBA Select Equity Yield CIBC 5% Index TM (the “Index”) is the exclusive property of Canadian Imperial Bank of Commerce (Canadian Imperial Bank of Commerce, together with its affiliates, “CIBC”). CIBC has engaged Solactive AG (together with its affiliates, “Solactive”) to maintain and to make certain calculations related to the Index. “Canadian Imperial Bank of Commerce”, “CIBC” and the names of the “Index” (collectively, the “CIBC Marks”) are trademarks or service marks of CIBC. CIBC has licensed use of the Index and the CIBC Marks to Delaware Life Insurance Company (“DLIC”) for use in one or more products offered by DLIC (the “Product(s)”). CIBC developed the Index without considering the needs of DLIC or any annuity owner or annuitant. CIBC is not the issuer of the Products and its sole contractual relationship with DLIC is to license the use of the Index and the CIBC Marks to DLIC. Richard Bernstein Advisors LLC (“RBA”) contributed to the development of the Index without considering the needs of DLIC or any annuity owner or annuitant. Neither CIBC, RBA or Solactive make any representation or warranty, express or implied, regarding the Index or their development and have no responsibilities, obligations or liabilities with respect to the inception, adjustment, maintenance, operation or calculation of the Index. None of CIBC, RBA or Solactive are affiliated with each other or control or are controlled by each other. “RBA Richard Bernstein Advisors ® ” is a registered trademark of RBA. RBA has licensed certain rights to CIBC to use its name in connection with the Index. None of CIBC, RBA, Solactive or any other third-party licensor (collectively, the “Index Parties”) to CIBC is acting, or has been authorized to act, as an agent of DLIC or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Products or provided investment advice to DLIC. No Index Party is a fiduciary or agent of any purchaser, seller or holder of any Product, or has made any representation or warranty, express or implied, regarding the advisability of purchasing, selling or holding any Product or the ability of any Index to track corresponding or relative market performance. Purchasers of any Product neither acquire any interest in any Index nor enter into any relationship of any kind whatsoever with any of the Index Parties. No Index Party guarantees the timeliness, accurateness, or completeness of any Index or any data or information relating thereto and shall have no liability in connection with any Index or any data or information relating thereto. No Index Party shall have any liability with respect to any Product, nor any liability for any loss relating to any Product, whether arising directly or indirectly from the use of any Index, its methodology, or otherwise. The selection of any Index for use with any Product does not obligate DLIC to invest in the components of such Index. Any obligation to invest annuity premiums or other amounts received under the Products is determined solely by DLIC. Solactive is a trademark and service mark of Solactive AG. Solactive is not affiliated with DLIC or CIBC. Solactive’s association with CIBC is limited to Solactive’s role to act as the administrator and calculation agent of the Index, which is the exclusive property of CIBC. The Products are not sponsored, promoted, sold or supported in any other manner by Solactive nor does Solactive offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or any Index level at any time or in any other respect. In calculating the level of the Index, the index methodology may deduct a maintenance fee. This fee will reduce the level of the Index and thus the Index’s return, if any. Furthermore, any Index that includes a volatility control as part of the index methodology may result in less fluctuation in rates of return as compared to indices without volatility controls. It may also reduce the overall rate of return for products referencing such Index as compared to other indices not subject to volatility controls. Delaware Life In certain market scenarios, such as a rising equity market when volatility is high or increasing, reductions in positive performance of a volatility controlled index could result in less interest being credited to an index account than if the volatility controlled index did not use a volatility control strategy that can limit positive performance. Conversely, in a declining equity market, when volatility is high or increasing, reductions in negative performance of the volatility controlled index could result in more interest being credited to an index account than if the volatility controlled index did not use a volatility control strategy. However, in such a declining market, the benefit from the volatility control strategy would be limited by the floor to the contract. In general, we incur less expense for the hedging transactions we use to mitigate our risk in providing contract guarantees to you for a volatility controlled Index than for other indexes in the contract. 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. Please contact your financial professional for complete details. Guarantees are backed by the financial strength and claims-paying ability of Delaware Life Insurance Company (Waltham, MA). Policies and contracts are issued by Delaware Life Insurance Company. For use with policy forms ICC17-DLIC-FIA-17 and DLIC-FIA-17. 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. This material may not be approved in all states. Ask your financial professional for more information. Delaware Life Insurance Company (Waltham, MA) is authorized to transact business in all states (except New York), the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. This brochure is a general description of the product. Please read your contract and disclosure statement for definitions and complete terms and conditions, as this is a summary of the annuity’s features. This communication is for informational purposes only. It is not intended to provide, and should not be interpreted as, individualized investment, legal, or tax advice. To obtain such advice, please consult with your investment, legal, or tax professional.
Delaware Life Target Growth 10 ® Fixed Index Annuity
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