Fixed Indexed Annuity

Growth Pathway

Delaware Life

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9.75%

Best S&P 500 Annual Cap

10%

Free W/D

Jurisdictions

Product data status: July 13, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Growth Pathway would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer

Illustrative — live CANNEX rates as of July 13, 2026; not a projection or guarantee.

Premium$100,000

Your age60

Surrender term

Crediting strategy

Compare against

$150,842

Est. value at age 80 (Growth Pathway)

9.75%

Best S&P 500 1-yr point-to-point cap

Invesco QQQ Trust Series 1 — 8.9% Cap (Annual)

✦

How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →

Assumptions: illustrative — applies Growth Pathway's published cap rate (8.9% on Invesco QQQ Trust Series 1) to a calibrated proprietary/volatility-controlled hypothetical index path (~1.9%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of July 13, 2026.

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See how Growth Pathway compares for your age, state, premium, and income goals alongside other Delaware Life fixed indexed annuity options.

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Live rate data

Run live numbers for Growth Pathway

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Delaware Life product.

Live product data

Rates as of July 13, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual cap rate

9.75% cap on S&P 500

A seven-year-surrender fixed indexed annuity from A-rated Delaware Life, built for index-linked accumulation across cap and participation strategies on the S&P 500 plus a mix of proprietary participation benchmarks and an Invesco QQQ Trust exposure, with no income rider and no premium bonus.

1-year term7-year surrender$100,000+AdvisorWorld + CANNEX data

Best fit

Buyers who want index-linked accumulation but prefer a seven-year surrender term to a ten-year lock-up, value a mix of S&P 500 cap exposure and higher-participation proprietary strategies, and don't need a guaranteed lifetime-income rider built into the contract.

AM Best

A- Excellent

Surrender options

5 and 7 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Caps, participation rates, and declared rates are shown separately.

Index / strategyRate mechanicsCreditingSurrenderPremium

S&P 500

S&P 500 Index

9.5% cap rate

Annual cap

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

1-year term

5-year surrender

$100,000+

S&P 500

S&P 500 Index

9.75% cap rate

Annual cap

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

1-year term

7-year surrender

$100,000+

S&P 500

S&P 500 Index

7.4% trigger rate

Performance trigger

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

1-year term

5-year surrender

$100,000+

S&P 500

S&P 500 Index

7.65% trigger rate

Performance trigger

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

1-year term

7-year surrender

$100,000+

S&P 500

S&P 500 Index

50% participation rate

Participation

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

1-year term

5-year surrender

$100,000+

S&P 500

S&P 500 Index

55% participation rate

Participation

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

1-year term

7-year surrender

$100,000+

S&P 500

S&P 500 Index

7.45% cap rate

Annual cap

5-year term · 5-year surrender · $100,000+

Rate varies by premium band.

5-year term

5-year surrender

$100,000+

S&P 500

S&P 500 Index

100% participation rate + 6.3% declared rate

Participation

5-year term · 5-year surrender · $100,000+

Rate varies by premium band.

5-year term

5-year surrender

$100,000+

S&P 500

S&P 500 Index

7.55% cap rate

Annual cap

7-year term · 7-year surrender · $100,000+

Rate varies by premium band.

7-year term

7-year surrender

$100,000+

S&P 500

S&P 500 Index

100% participation rate + 6.5% declared rate

Participation

7-year term · 7-year surrender · $100,000+

Rate varies by premium band.

7-year term

7-year surrender

$100,000+

Fixed Account

4.55% declared rate

Fixed account

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

1-year term

5-year surrender

$100,000+

Fixed Account

4.6% declared rate

Fixed account

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

1-year term

7-year surrender

$100,000+

+ 30 additional crediting options (Invesco QQQ, Franklin, First Trust...)

Product analyst notes

How to think about this contract

Why it can stand out

Seven-year surrender term is on the shorter side of Delaware Life's FIA shelf — most of its accumulation-focused filings carry a ten-year ladder — so a buyer who wants index-linked growth without locking up capital for a full decade has a real choice here.
Carrier financial strength is rated by two independent agencies (A.M. Best and S&P), so the strength view is not a single-source read.
Index menu mixes the recognizable S&P 500 with proprietary participation strategies (Janus Henderson Adaptive Market Leaders, First Trust Capital Strength Barclays, Franklin SG Select) and a thematic Invesco QQQ Trust exposure, so the buyer can choose between like-for-like cap comparison and higher-participation alternatives.
Free-withdrawal allowance and the full seven-year surrender ladder are visible on this page, so the schedule of penalty-free liquidity is not gated behind a sales brochure.

What to confirm

This contract is not a guaranteed-lifetime-withdrawal product. There is no GLWB income rider attached — the live feed shows an empty income-rider list. Do not compare its payout side-by-side with a rider-led income FIA.
There is no premium bonus on this contract. Buyers who expect an upfront bonus to offset the surrender commitment should compare a bonus-bearing FIA before locking in.
The death benefit is the standard contract value with no guaranteed legacy roll-up. Buyers prioritizing a guaranteed death-benefit step-up should evaluate that separately.
Several of the listed indexes (Janus Henderson Adaptive Market Leaders, First Trust Capital Strength Barclays, Franklin SG Select) are proprietary participation strategies. Participation rates on these can look high in absolute terms but are not directly comparable to an uncontrolled S&P 500 cap, and caps and participation rates can reset down over the seven-year surrender term, with the buyer carrying that renewal risk for the full term.

Not ideal for

Buyers who need a contractually guaranteed GLWB-rider withdrawal rate, want a premium bonus to offset the surrender commitment, or want a death-benefit roll-up beyond the standard contract value — none of those are what this contract is built to deliver.

Free Comparison Report

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See how Growth Pathway compares for your age, state, premium, and income goals alongside other Delaware Life fixed indexed annuity options.

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All crediting strategies

View rate listings (63 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 130% · 1-yr

Janus Henderson Adaptive Market Leaders U.S. Index

participation

5-yr surrender$100,000+

Par: 115% · 1-yr

Franklin SG Select Index

participation

5-yr surrender$100,000+

Par: 80% · 1-yr

First Trust Capital Strength Barclays 10% Index

participation

5-yr surrender$100,000+

Par: 50% · 1-yr

S&P 500 Index

participation

5-yr surrender$100,000+

Cap: 9.5% · 1-yr

S&P 500 Index

cap

5-yr surrender$100,000+

Cap: 8.65% · 1-yr

Invesco QQQ Trust Series 1

cap

5-yr surrender$100,000+

Trigger: 7.4% · 1-yr

S&P 500 Index

trigger

5-yr surrender$100,000+

Fixed: 4.55% · 1-yr

Fixed Account

fixed

5-yr surrender$100,000+

Par: 100% + Declared: 6.3% · 5-yr

S&P 500 Index

trigger

5-yr surrender$100,000+

Cap: 7.45% · 5-yr

S&P 500 Index

cap

5-yr surrender$100,000+

Cap: 6.5% · 5-yr

Invesco QQQ Trust Series 1

cap

5-yr surrender$100,000+

Par: 120% · 1-yr

Janus Henderson Adaptive Market Leaders U.S. Index

participation