Fixed Indexed Annuity

TruePath Income — Delaware Life

Name: TruePath Income
Brand: Delaware Life

Delaware Life

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Best S&P 500 Annual Cap

10%

Free W/D

Available jurisdictions

Product data status: October 2, 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 TruePath Income would do for you

Set your numbers and switch between growth, income, and liquidity. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.

Product analyzer

Illustrative — live CANNEX rates as of October 2, 2026; not a projection or guarantee.

Premium$100,000

Your age60

Crediting strategy

Compare against

$222,695

Gross crediting illustration at age 80 (TruePath Income)

Excludes the 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy; Rising Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Rising Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy; Rising Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Rising Income charge (income option; applicability depends on contract terms). This is not a net contract value.

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

Gross crediting illustration for each line; excludes the 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy; Rising Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Rising Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy; Rising Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Rising Income charge (income option; applicability depends on contract terms).

S&P 500 Index — 5% Cap (Annual)

✦

How crediting works: the cap limits positive index returns; a down index year has 0% index credit before rider charges. This illustration deducts no rider charge and is not a net contract value. A cap strategy tracks the index within its terms. What is a cap vs participation? →

Assumptions: illustrative — applies TruePath Income's published cap rate (5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Gross crediting only: this illustration excludes the 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy;Level Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy; Rising Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Rising Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Ready Strategy; Rising Income charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Rising Income charge (income option; applicability depends on contract terms) reported in the source. Applicable rider charges depend on contract terms; their deduction bases are not modeled. Each listed charge is not deducted, and no net contract value is shown. Not a projection, quote, or guarantee. Live CANNEX rates as of October 2, 2026.

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

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rate data

Run numbers for TruePath Income

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

Live product data

Rates as of October 2, 2026, from AdvisorWorld and CANNEX.

Guaranteed lifetime withdrawal rate (10-year deferral, single life, Build Strategy Rising Income)

6.89% lifetime payout + 6.75%/yr · compound · for up to 10 years roll-up

A ten-year-surrender, income-rider-led fixed indexed annuity from A-rated Delaware Life, built to deliver a Guaranteed Lifetime Withdrawal Benefit payout with the buyer choosing between Build/Ready chassis and Rising/Level income designs, posting top-of-shelf 10-year-deferral rider rates.

1.2% annual rider feeRMD-friendly income ridersAdvisorWorld + CANNEX data

Best fit

Buyers who want a contractually guaranteed lifetime income stream, are willing to wait the full ten-year deferral to realize the headline rider rate, and value the ability to pick between higher initial income (Ready/Level) and rising income with post-issue step-ups (Build/Rising) rather than being locked into a single design.

AM Best

A- Excellent

Surrender period

10 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

5% cap rate

Rate effective Oct 1, 2026

Annual point-to-point

Requested state: TX

1-year term · 10-year surrender · $100,000+

1-year term

10-year surrender

$100,000+

S&P 500

S&P 500 Index

4.6% trigger rate

Rate effective Oct 1, 2026

Performance trigger

Requested state: TX

1-year term · 10-year surrender · $100,000+

1-year term

10-year surrender

$100,000+

S&P 500

S&P 500 Index

32% participation rate

Rate effective Oct 1, 2026

Annual point-to-point

Requested state: TX

1-year term · 10-year surrender · $100,000+

1-year term

10-year surrender

$100,000+

Fixed Account

3.1% declared rate

Rate effective Oct 1, 2026

Fixed account

Requested state: TX

1-year term · 10-year surrender · $100,000+

1-year term

Why it can stand out

Buyer chooses between four named GLWB rider variants — Build Strategy Rising Income, Build Strategy Level Income, Ready Strategy Rising Income, and Ready Strategy Level Income — so the income design fits buyer preference for higher initial income (Ready / Level) vs lower initial income with post-issue step-ups (Build / Rising) rather than locking everyone into one design.
Top-tier 10-year-deferral single-life payout rates are among the strongest in Delaware Life's income lineup — read the headline rate on this page alongside the carrier's DualTrack Income and Target Income Choice product pages to compare at the same deferral and life-coverage tier.
RMD-friendly rider design — the rider supports IRS Required Minimum Distribution withdrawals without forfeiting the lifetime payout guarantee, which matters for qualified-account funding.
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.

What to confirm

The GLWB rider carries an explicit annual fee deducted from the contract value whether the index shown are positive or negative. The headline withdrawal rate is the rate the rider pays; the rider fee is the price the buyer pays for that guarantee. Compare net-of-fee against any rival income FIA.
The headline rate is the top-of-shelf 'Build Strategy Rising Income' single-life tier at the full 10-year deferral. A buyer who turns the rider on earlier, picks a Ready or Level variant, or elects joint-life coverage will see a materially lower rate. The full rider menu spans a wide range of tier-specific rates on this contract — read the tier match on the page's rider table before treating the headline as universal.
The ten-year surrender term sits at the long end of the FIA market. The income-rider value proposition assumes the buyer holds through the surrender ladder; an early exit forfeits the rider entirely.
Minimum issue age on the rider is 55, so this contract is not the right fit for a buyer who needs to start lifetime income before age 55. The Build / Rising variant trades lower initial income for post-issue step-ups — buyers should run a side-by-side income projection against the Ready / Level variant to confirm the Build/Rising design pays back in their realistic deferral window.

Not ideal for

Buyers who want index-linked accumulation rather than a rider payout, need to start lifetime income before age 55, can't commit to the full ten-year surrender to realize the rider's headline, or don't want to evaluate the trade-off between four named rider variants before purchase.

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See how TruePath Income 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 (20 strategies)

These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, or rate type.

Par: 122% · 1-yr

Franklin SG Select Index

Participation Rate, Boost & Knockout · Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrender$100,000+

Par: 122% · 1-yr

Franklin SG Select Index

Participation Rate, Boost & Knockout · Point-to-point

Requested state: TX10-yr surrender$100,000+

Par: 75% · 1-yr

Goldman Sachs Canopy Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrender$100,000+

Par: 75% · 1-yr

Goldman Sachs Canopy Index

Point-to-point

Requested state: TX10-yr surrender$100,000+

Par: 65% · 1-yr

First Trust Capital Strength Barclays 10% Index

Participation Rate & Volatility Limit · Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrender$100,000+

Par: 65% · 1-yr

First Trust Capital Strength Barclays 10% Index

Participation Rate & Volatility Limit · Point-to-point

Requested state: TX10-yr surrender$100,000+

Par: 45% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrender$100,000+

Par: 45% · 1-yr

S&P 500 Dynamic Intraday TCA Index (USD) ER

Point-to-point

Requested state: TX10-yr surrender$100,000+

Par: 43% · 1-yr

Nasdaq-100 Intraday Elite 15% Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrender$100,000+

Par: 43% · 1-yr

Nasdaq-100 Intraday Elite 15% Index

Point-to-point

Requested state: TX10-yr surrender$100,000+

Par: 40% · 1-yr

BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrender$100,000+

Par: 40% · 1-yr

BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index

Point-to-point

Requested state: TX10-yr surrender$100,000+

Par: 32% · 1-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrender$100,000+

Par: 32% · 1-yr

S&P 500 Index

Point-to-point

Requested state: TX10-yr surrender$100,000+

Cap: 5% · 1-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrender$100,000+

Cap: 5% · 1-yr

S&P 500 Index

Point-to-point

Requested state: TX10-yr surrender$100,000+

Trigger: 4.6% · 1-yr

S&P 500 Index

Performance trigger · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrender$100,000+

Trigger: 4.6% · 1-yr

S&P 500 Index

Performance trigger

Requested state: TX10-yr surrender$100,000+

Fixed: 3.1% · 1-yr

Fixed Account

Fixed account · 0% annual strategy fee

Deep review of TruePath Income FIA: crediting options, GLWB Ready vs Build, withdrawals, waivers, costs, pros/cons, insurer overview.

4.5/5Read review

Nikhil Bhauwala

Common questions about TruePath Income

● Can I lose money in TruePath Income?

A negative index return by itself does not reduce the contract's account value: TruePath Income credits 0% — the floor — for that indexed period. The account value can still decrease from the published rider fee, withdrawals, surrender charges, other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● Is the Guaranteed Lifetime Withdrawal Benefit- Ready Strategy;Level Income income rider worth the 1.2% fee?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the published roll-up (6.75%/yr · compound · for up to 10 years) and 6.89% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 10 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do TruePath Income's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available TruePath Income strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

Nursing home waiver, Terminal illness waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

0.25%

Minimum guaranteed cap for cap-based indexed strategies.

Declared-rate floor

1.00%

Minimum guaranteed declared rate for declared-rate or performance-trigger strategies.

Fixed account guarantee

1.00%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

10.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Joint life, Single life

Published payout options from the normalized contract facts.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

10%

Yr 2

Yr 3

Yr 4

Yr 5

Yr 6

Yr 7

Yr 8

Yr 9

Yr 10

After

Nursing home waiver, Terminal illness waiver

Documents

product guide

Brochure_-_TruePath_Income_FIA.pdf

Confidence: highReviewed Apr 7, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA-

S&PA-

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

TruePath Income currently shows 20 indexed or fixed crediting options, including S&P 500 Index, with 12 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

S&P 500 Index: 5% annual cap, 0% annual strategy fee
S&P 500 Index: 5% annual cap
S&P 500 Index: 4.6% annual trigger rate, 0% annual strategy fee
S&P 500 Index: 4.6% annual trigger rate

Income rider language

What to look for before treating the rider as income

Guaranteed Lifetime Withdrawal Benefit- Ready Strategy;Level Income is the main income rider listed for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

6.89% withdrawal rate
1.2% rider fee
10 deferral years
RMD friendly

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

10%/yr free withdrawal
10 surrender years
Nursing home waiver
Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as Brochure_-_TruePath_Income_FIA.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

Rates and rider terms can vary by state and issue age
Carrier guarantees depend on claims-paying ability
Current contract forms should be confirmed before purchase

Free Comparison Report

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

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Related Resources

TruePath Income — Delaware Life

See what TruePath Income would do for you

Get a TruePath Income rate report

Run numbers for TruePath Income

6.89% lifetime payout + 6.75%/yr · compound · for up to 10 years roll-up

Featured crediting strategies

Lifetime Income Riders

Guaranteed Withdrawal Benefit- Ready Strategy; Income

Guaranteed Withdrawal Benefit- Build Strategy; Income

Guaranteed Withdrawal Benefit- Ready Strategy; Rising Income

Guaranteed Withdrawal Benefit- Build Strategy;Rising Income

How to think about this contract

Why it can stand out

What to confirm

Get a TruePath Income rate report

All crediting strategies

Income riders

Guaranteed Lifetime Withdrawal Benefit- Ready Strategy;Level Income

Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Level Income

Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Level Income

Guaranteed Lifetime Withdrawal Benefit- Ready Strategy;Level Income

Guaranteed Lifetime Withdrawal Benefit- Ready Strategy; Rising Income

Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Rising Income

Guaranteed Lifetime Withdrawal Benefit- Ready Strategy; Rising Income

Guaranteed Lifetime Withdrawal Benefit- Build Strategy;Rising Income

TruePath Income review notes

Common questions about TruePath Income

Key Features

Free withdrawal

Surrender waivers

Death benefit

Cap-rate floor

Declared-rate floor

Fixed account guarantee

Participation-rate floor

Annuitization options

Fund types

Surrender schedule

Documents

Brochure_-_TruePath_Income_FIA.pdf

Carrier Ratings

Contract notes from product data

How the interest-crediting choices are framed

What to look for before treating the rider as income

Why access rules deserve as much attention as rates

Use carrier materials as term evidence, then confirm the current version

Get a TruePath Income rate report

Related Resources

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