What is the minimum guaranteed surrender value for Delaware Life – Apex MYGA (3-, 5-, 7-Year Terms)?

Apex MYGA is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire duration of each selected guarantee period. The owner makes a one-time premium payment and selects a 3-, 5-, or 7-year term (and may allocate premium to more than one guarantee period, subject to minimum allocation requirements). Interest grows tax-deferred during the term. The contract provides annual penalty-free withdrawals, while withdrawals above the free-withdrawal amount may be subject to surrender charges and a Market Value Adjustment (MVA). At the end of each guarantee period, a 30-day renewal window provides flexibility to renew, make changes, or access funds without penalty.

What is the minimum premium amount for Delaware Life – Apex MYGA (3-, 5-, 7-Year Terms)?

The minimum premium amount is $10,000.

What is the maximum issue age for Delaware Life – Apex MYGA (3-, 5-, 7-Year Terms)?

The maximum issue age is 85 years.

What is the current interest rate for Delaware Life – Apex MYGA (3-, 5-, 7-Year Terms)?

The current interest rate is 4.35%.

What is the surrender charge schedule for Delaware Life – Apex MYGA (3-, 5-, 7-Year Terms)?

Withdrawals exceeding the 10% annual free-withdrawal limit, or a full surrender during the guarantee period, are subject to surrender charges and may also incur a Market Value Adjustment (MVA). The MVA applies to withdrawals and surrenders greater than the free withdrawal amount, is linked to the Moody’s Bond Indices (corporate average rate), and is not applicable to annual penalty-free withdrawals, death benefit payments, waiver withdrawals, or amounts withdrawn during the 30-day window at the end of the guarantee period (state variations apply; California includes caps and floors). All funds become fully penalty-free at the end of the guarantee period or during the renewal window.

What are the best rates available for Delaware Life – Apex MYGA (3-, 5-, 7-Year Terms)?

The best available rate is 4.95% for a 7 year term.

Delaware Life

Delaware Life – Apex MYGA (3-, 5-, 7-Year Terms)

About this product

The Delaware Life Apex MYGA is a single-premium Multi-Year Guaranteed Annuity (MYGA) that provides fixed, tax-deferred interest growth and full principal protection across 3-, 5-, and 7-year guarantee periods. It offers predictable, contractually guaranteed rates insulated from market volatility, with the flexibility to allocate the premium across multiple guarantee periods within a single contract. This built-in laddering capability allows clients to combine short- and intermediate-term guarantees to manage reinvestment timing and enhance liquidity options.

Apex MYGA is designed for conservative savers seeking stable accumulation, tax deferral, penalty-free access each year, and optional conversion to guaranteed income. With straightforward mechanics, guaranteed growth, and protective features, it supports long-term retirement planning with clarity and reliability.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

3 Years	4.65%
5 Years	4.95%
7 Years	4.95%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$10,000.00 - $99,999.00	4.35%
$100,000.00 - $1,000,000.00	4.65%

Features
Maximum Issue Age	85 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage