Best available rate
5.5%
7-yr guarantee · 7-yr surrender schedule · $100,000+ premium
Up to 5.5% depending on guarantee term and premium band.
View all rates and terms ↓10%
Free W/D
50
Available jurisdictions
Rates as of August 12, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for Apex MYGA
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this Delaware Life product.
Live product data
Rates as of August 12, 2026, from AdvisorWorld and CANNEX.
5-year guaranteed rate
5.5% guaranteed for 5 years
A multi-year guaranteed annuity from A-rated Delaware Life with 3-, 5-, and 7-year terms, contractually fixed rates, and standard nursing-home / terminal-illness surrender-charge waivers — built for buyers who want a known-rate accumulation lock without index-linked or rider-led complexity.
Best fit
Buyers who want a contractually fixed annual rate locked for their chosen term (3, 5, or 7 years), value an A-rated carrier with two independent financial-strength agency ratings, and prefer a clean rate-lock product to an index-linked or rider-led design.
Available guarantee terms
3, 5, and 7 years
AM Best
A- Excellent
Available surrender terms
3, 5, and 7 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- 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.
- Three contractually offered terms (3-year, 5-year, 7-year) give buyers a real menu — most MYGA filings expose one or two terms; this contract lets a buyer pick the deferral that matches their planning horizon rather than the carrier's preferred lead term.
- Free-withdrawal allowance and the surrender ladder are visible on this page, so the schedule of penalty-free liquidity is not gated behind a sales brochure.
- Surrender-charge waivers for nursing home and terminal illness are contractually included — the schedule of penalty-free exits in qualifying medical events is part of the policy, not a riders-only feature.
What to confirm
- Multiple rate bands exist at each term — the headline rate is the top-of-shelf band, typically tied to a minimum premium that the buyer should verify against their funding amount. A buyer funding below the band's threshold will receive a lower rate at the same nominal term.
- Term selection matters: each guarantee period inside this contract posts a different rate band, and the spread between adjacent terms can be small. A buyer who is open to multiple horizons should read the live rate sheet on this page and pick the term whose rate best matches their lock-up tolerance rather than defaulting to the shortest or longest term.
- There is no GLWB income rider on this contract. This is a fixed-rate accumulation product; do not compare its payout against a rider-led income annuity.
- The Delaware Life MYGA shelf includes three filings (Apex MYGA, Apex Control, Pinnacle Plus MYGA) all available in 50 states with materially overlapping rate sheets. Buyers should compare the three side-by-side rather than treat any one as the obvious pick — Pinnacle Plus offers a 10-year term that Apex MYGA does not.
Not ideal for
Buyers who want index-linked upside, need a guaranteed lifetime-withdrawal rider, or need a longer 10-year MYGA term — Delaware Life's Pinnacle Plus MYGA covers the 10-year deferral that this contract does not.
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Guaranteed Rates by Term
| Term | Surrender term | Rate effective | $5,000–$99,999Premium · comparable annual rate | $100,000+Premium · comparable annual rate |
|---|---|---|---|---|
| 3-Year | 3-Year schedule | Aug 10, 2026 | 4.85%Rate convention not stated | 5.15%Rate convention not stated |
| 5-Year | 5-Year schedule | Aug 10, 2026 | 5.2%Rate convention not stated | 5.5%Rate convention not stated |
| 7-Year | 7-Year schedule | Aug 10, 2026 | 5.25%Rate convention not stated | 5.5%Rate convention not stated |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
3-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
After
0%
5-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
7-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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See how Apex MYGA compares for your age, state, premium, and income goals alongside other Delaware Life MYGA options.