Delaware Life has launched Pinnacle MYGA, a new multi-year guaranteed fixed annuity, marking the first new product to be released by the company.
Pinnacle MYGA is a single-premium deferred annuity providing guarantee periods of three, five, seven or ten years.
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Delaware Life president David Sams said that the new product appeals to retirement-oriented investors looking for the peace of mind of guaranteed interest rates, tax-deferred growth, and lifetime income options.
"We are excited to bring this new choice to the market at a time when the demand for competitive, secure returns is high," Sams added.
Pinnacle MYGA will be sold in conjunction with a select group of independent Financial Marketing Organizations in 47 states across the US.
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