What's Happening?
Delaware Life Insurance Company has launched TrackGuard+, a new bonus fixed index annuity designed to offer growth, protection, and flexibility to clients. The product features a high upfront premium bonus, a variety of index crediting strategies, and enhanced
liquidity options. TrackGuard+ aims to provide clients with a strong starting position for long-term financial goals by offering a premium bonus of 21-26% and allowing penalty-free withdrawals up to 28% in certain years. The annuity is available through Delaware Life's independent marketing organization partners and is intended to help clients manage retirement risks such as longevity, inflation, and market volatility.
Why It's Important?
The introduction of TrackGuard+ reflects a growing demand for financial products that offer both growth potential and liquidity. By providing a significant upfront bonus and flexible withdrawal options, Delaware Life aims to attract clients seeking to maximize their retirement savings while maintaining access to their funds. This product could appeal to individuals concerned about market fluctuations and the need for financial security in retirement. The annuity's design addresses common retirement challenges, potentially making it a valuable tool for financial advisors and their clients.
