Retirement income for life. Guaranteed.
Let’s fast forward to the point where you’ve decided to retire. It’s now time to put the GLWB to work creating Guaranteed Annual Lifetime Income. When you elect to begin: • The amount of income you’ll receive depends on whether you elect single or joint life payments, the amount of your Benefit Base, and your age as of the Income Start Date. • The withdrawals come from your account value. If your account value declines or reduces to zero, your income payments will continue for the remainder of your life, or your life and your spouse’s life if you elect joint life income. 1, 2
• Your Guaranteed Annual Lifetime Income locks in, but still can capture account value growth for income purposes.
GLWB Lifetime Payout Factors Age Single Life Joint Life Age Single Life Joint Life Age Single Life Joint Life 50 3.95% 3.30% 62 5.75% 5.10% 74 7.05% 6.40% 51 4.10% 3.45% 63 5.85% 5.20% 75 7.20% 6.55% 52 4.25% 3.60% 64 5.95% 5.30% 76 7.35% 6.70% 53 4.40% 3.75% 65 6.05% 5.40% 77 7.50% 6.85% 54 4.55% 3.90% 66 6.15% 5.50% 78 7.65% 7.00% 55 4.70% 4.05% 67 6.25% 5.60% 79 7.80% 7.15% 56 4.85% 4.20% 68 6.35% 5.70% 80 7.95% 7.30% 57 5.00% 4.35% 69 6.45% 5.80% 81 8.10% 7.45% 58 5.15% 4.50% 70 6.55% 5.90% 82 8.25% 7.60% 59 5.30% 4.65% 71 6.65% 6.00% 83+ 8.40% 7.75% 60 5.45% 4.80% 72 6.75% 6.10% 61 5.60% 4.95% 73 6.90% 6.25%
1 As long as you follow the rules set out in your Target Income 10 ® contract or if your account value hasn’t gone to zero because of excess withdrawals. 2 If you elect joint life income payments, the income start age is based on life of youngest spouse.
Delaware Life Target Income 10 ® Fixed Index Annuity
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