Jan 14, 2025
Corporate
Delaware Life Insurance Company, a Group 1001 company, announces three new innovative fixed index annuities (FIAs) – Momentum Growth™, Momentum Growth Plus™, and DualTrack Income™. These FIAs offer investors all the features and benefits of a traditional FIA with the flexibility to control and customize their risk while helping capitalize on positive equity markets to help them reach their retirement goals faster. They are available exclusively through Independent Marketing Organizations (IMOs).
In today’s volatile markets, where investors grapple with uncertainty, diminished purchasing power from rising inflation, and fears of outliving their savings, Delaware Life designed these FIA products to help address clients’ evolving needs.
Momentum Growth™, Momentum Growth Plus™, and DualTrack Income™ offer real innovation in the traditionally stagnant world of FIAs, providing more attractive accumulation and income opportunities.
Momentum Growth™ allows clients to combine the power of enhanced growth potential, principal protection, and flexibility to help capitalize on positive market trends and accelerate savings growth. The unique VersaGain crediting feature allows clients to choose to protect the interest accrued over the previous term (100%, 50%, or 0% of interest) or reallocate some or all of it for higher cap rates and/or participation rates in the following year. Momentum Growth™ also offers Index Lock so clients can lock in index interest for any individual index, at any time during the year. This index lock feature can help clients secure gains to protect against potential market volatility.
Momentum Growth Plus™ offers the same features and benefits as Momentum Growth™, plus a 10% premium bonus for accelerated accumulation.
DualTrack Income™ features a Guaranteed Lifetime Withdrawal Benefit (GLWB) that offers the benefits of both performance-based and guaranteed growth, providing the best of both worlds by giving clients the greater of a 9% annual roll-up base and a 150% performance multiplier on earned interest. This approach helps ensure clients can enjoy the security of guaranteed income while still benefiting from market growth opportunities.
The FIA product suite also features advanced strategies and crediting options powered by indexes from Nasdaq, Barclays, and S&P, providing clients diverse opportunities for growth and financial security.
As the first provider to introduce an FIA* three decades ago, Delaware Life continues to innovate today. Momentum Growth™, Momentum Growth Plus™, and DualTrack Income™ demonstrate Delaware Life’s commitment to developing customizable, flexible products that respond directly to client needs in an evolving retirement landscape.
“Since our predecessor companies launched the first FIAs in 1995, and continued through today, Delaware Life is invested in supporting clients’ well-being,” said Robert Kelson, Delaware Life Co-Head of National Accounts, IMO Channel. “Our evolving and innovative industry-leading product suite is doing just that. We are also empowering financial professionals and clients with the products they need to navigate today’s uncertain economic environment and offer both growth and guaranteed income in retirement.”
For this product suite, Delaware Life collaborated with Genesis Development Group.
“Genesis helped Keyport Life launch the first FIA* nearly 30 years ago, so we are excited to announce a new collaboration with Delaware Life on the Momentum Growth™ line of products,” said Derek Ferguson, President, Genesis Financial Development, Inc. “With this new product suite, Genesis and Delaware Life continue their commitment to providing clients with innovative solutions for securing and growing their wealth.”
For more information about Momentum Growth™, Momentum Growth Plus™, and DualTrack Income™, click here and watch the video here.
*Launch of the Keyport KeyIndex fixed index annuity issued by Keyport Life Insurance Company on 2/25/95. Delaware Life acquired Sun Life Financial U.S. annuity business in 2013. Keyport Life Insurance was previously acquired by Sun Life Financial Inc. in 2001.
Dec 11, 2024
Corporate
Delaware Life Insurance Company (“Delaware Life”), a Group 1001 Insurance company, today announced that S&P Global Ratings (“S&P”) has upgraded its issuer credit and financial strength rating from BBB+ to A- with a stable outlook.
Delaware Life’s upgraded S&P rating was assigned based on several factors cite...
Nov 15, 2024
Corporate
This week, employees attended the Nasdaq Closing Bell to celebrate the recent launch of Delaware Life's select Fixed Indexed Annuity products featuring the innovative Nasdaq-100 Volatility Control 12%™ Index. We are proud to be a Nasdaq partner. Learn more about how our annuities can help you power your retirement...
Nov 7, 2024
Corporate
Group 1001, a leading financial services company, announces Tony Marichal as Vice President of Annuity Operations of Group 1001 Life & Annuity.
Reporting to Chief Operating Officer Martin Woll, Marichal oversees the annuity operations for two Group 1001 companies, Delaware Life Insurance Company and Clear Spring Lif...
Oct 31, 2024
Corporate
Group 1001 and Franklin Skills Partnership
One year ago, Group 1001 and Franklin Skills (formerly Franklin Apprenticeship) partnered to launch Group 1001’s first apprenticeship program. This program provides employees with on-the-job tech training under the supervision of skilled IT managers and mentors and customized i...
Oct 21, 2024
Corporate
Gainbridge®, through its Group 1001 affiliate, announced today a partnership with RetireOne, the leading independent platform in the annuity marketplace for registered investment advisors (RIAs). RetireOne, an outsourced insurance desk, provides RIAs and their customers valuable solutions that are simple to use, easy t...
Oct 7, 2024
Corporate
Group 1001 announces that Dan Healy has been appointed the Chief Risk Officer, Group 1001, and Mark McCallister has been promoted and will succeed Dan as Chief Internal Audit Officer.
Healy has been with Group 1001 for more than nine years and has been acting as the interim Chief Risk Officer for the Life & Annuity...
Aug 16, 2024
Corporate
Delaware Life Insurance Company, a Group 1001 company, announces its inclusion in the annual Barron’s list of “Top 100 Best Annuities.” This is the fifth consecutive year that Barron's has ranked Delaware Life Insurance Company annuities in the top 100.
Delaware Life Accelerator Prime® Variable Annuity was recogni...
Jul 24, 2024
Corporate
Group 1001 has won the 2024 U.S. Insurance Award for Community Outreach Project of the Year – Pro Bono and Volunteer for 1001 Hours of Impact.
This award from Business Insurance recognizes a community outreach project in 2023 by an organization operating in the commercial insurance and risk management sector that invol...
Jul 11, 2024
Corporate
Delaware Life Insurance Company, a Group 1001 company, has been named a Ward’s 50® top-performing life-health company for 2024. This placement positions Delaware Life Insurance Company in the top 50 of more than 700 life-health insurance companies for outstanding financial results in the areas of safety, consistency, a...
Jun 25, 2024
Corporate
Group 1001, a leading financial services company, announces Martin Woll as Chief Operating Officer of Group 1001 Life & Annuity. A member of the executive leadership team and reporting to Group 1001’s President and CEO, Woll will lead the operations team, including the client experience, facilities, and corporate r...
Jun 20, 2024
Corporate
By Dale Uthoff, Chief Product Officer, Group 1001 Life and Annuity
Annuities can offer flexibility both in how you save for and receive money in retirement. It comes down to knowing that there are different types of annuities, each designed to address a specific need or life stage.
According to LIMRA, U.S. annuity sales...
May 21, 2024
Corporate
To give consumers a simple, tailored way to diversify returns and guarantee higher minimum growth, Delaware Life Insurance Company (Delaware Life), a Group 1001 company, announces the addition of two diversified, multi-strategy Precision Portfolios as part of the Growth Pathway fixed index annuity (FIA). As an addition...
Apr 15, 2024
Corporate
Gainbridge®, a Group 1001 company, and Save®Advisers, LLC, a technology and wealth management company, announced the launch of Market+ to address the needs of savers who want market participation with a minimum guaranteed return.
Market+ offers a hybrid yield structure, featuring a 3% guaranteed annual yield (returned i...
Apr 11, 2024
Sponsorship
Corporate
Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company and a leader in annuity and life insurance products, and DUPR (Dynamic Universal Pickleball Rating), today announced a long-term partnership dedicated to driving growth and innovation in pickleball.
Under the agreement, Delaware Life is the exclusi...
Mar 25, 2024
Corporate
WALTHAM, Mass., March 25, 2024 - Delaware Life Insurance Company ("Delaware Life") has launched an innovative, flexible-premium fixed index annuity featuring a premium bonus. PrimeStart Bonus 10SM offers an exclusive trifecta of features combining the power of a 10% premium bonus, interest crediting that’s ba...
Mar 11, 2024
Corporate
Zionsville, Ind. (March 11, 2024) – Group 1001, a leading financial services company, announces Nick Boaknin as Chief Information Officer. Boaknin previously held the role of Technology Transformation Leader.
As Chief Information Officer, Boaknin will assist Group 1001’s Technology team in building and delivering high-...
Mar 7, 2024
Corporate
Sponsorship
Group 1001, a leading financial services company, is off to the races to recognize and honor women employees and financial advisors during Women’s History Month in March.
To celebrate women working for Group 1001, more than 450 woman employees’ names will be included Sunday, March 10 on two Group 1001 company race cars...
Mar 5, 2024
Corporate
Sponsorship
Gainbridge®, a Group 1001 company, announced today a multi-year partnership with Iowa women’s basketball star Caitlin Clark to serve as brand ambassador for the company. The company also announced a new product now available on the Gainbridge® platform, ParityFlex™, a multi-year guaranteed annuity product created for w...
Feb 27, 2024
Corporate
Zionsville, IN (February 27, 2024) - Group 1001, a leading financial services company, announced the addition of Tricia Borcherding as Vice President, Technology Governance and Walter Hjelmar as Vice President, Platforms and Cloud.
In the role of Vice President, Technology Governance, Borcherding will shape and oversee...
Feb 8, 2024
Work Life
Corporate
Every February, the United States honors the contributions, sacrifices, and achievements of Black Americans who have helped shape the nation. We’ve asked several Group 1001 employees how they celebrate Black History Month and what it means to them.
Black History Month originally started as National Negro History Week in...