Delaware Life Pinnacle Plus — 10-year fixed annuity at 5.40%
- Locks in 5.40% for 10 years
- Open with $25,000 to $1,000,000
- Free withdrawals allowed for:
- 10% of your balance each year
- Required IRA distributions
- Your full investment for nursing home confinement or terminal illness
Rates as of May 8, 2026
Projected balance
over 10 years
Compounded at 5.40% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $5,400 | $105,400 |
| 2 | $5,692 | $111,092 |
| 3 | $5,999 | $117,091 |
| 4 | $6,323 | $123,413 |
| 5 | $6,664 | $130,078 |
| 6 | $7,024 | $137,102 |
| 7 | $7,404 | $144,505 |
| 8 | $7,803 | $152,309 |
| 9 | $8,225 | $160,533 |
| 10 | $8,669 | $169,202 |
| Total earnings | $69,202 | $169,202 |
Free-withdrawal allowance: 10% / yr after year 1. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #36 of 55 (top is 6.25% — Sentinel Security Personal Choice)
If you withdraw early
Surrender charge schedule
Surrender charges apply to withdrawals beyond the free-withdrawal allowance during the contract term. The charge is a percentage of the amount withdrawn, decreasing each year. They exist because the carrier matches your premium against long-duration assets — early redemption forces them to unwind those positions.
| Contract year | Charge |
|---|---|
| Year 1 | 8.0% |
| Year 2 | 7.0% |
| Year 3 | 6.0% |
| Year 4 | 5.0% |
| Year 5 | 4.0% |
| Year 6 | 3.0% |
| Year 7 | 2.0% |
| Year 8 | 1.0% |
| Year 9 | 1.0% |
| Year 10 | 0.5% |
Contract terms
What else to know
Term
10 years guaranteed at 5.40% APY
Investment range
$25,000 – $1,000,000
Rate banding
Higher investment amounts qualify for higher rates.
| Premium band | Rate |
|---|---|
| $25,000 – $100,000 | 5.15% |
| $100,000 – $1,000,000 | 5.40% |
Funding sources accepted
Roth Conversion (Full), Traditional IRA, Non-Qualified, 1035 Exchange, IRA Rollover, IRA Transfer, IRA-Roth, SEP IRA
Owner age
18 to 85 years old
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- Terminal Illness Waiver
- Nursing Home Waiver
- Death Benefit Waiver
- RMD-Friendly (RMD withdrawals exempt from surrender charge)
Maturity
30-day window at the end of the term to withdraw, reinvest, or convert to guaranteed income via annuitization.
Tax treatment
Interest accumulates tax-deferred. Personal post-tax funds: only the interest is taxable on withdrawal. Withdrawals before age 59½ may be subject to a 10% IRS penalty.
Source: Delaware Life contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
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