Delaware Life Introduces New Multi-Year Guaranteed Fixed Annuity

WELLESLEY, Mass., Nov. 4, 2013 /PRNewswire/ -- Delaware Life today announced the introduction of Pinnacle MYGA^SM, a new Multi-Year Guaranteed Fixed Annuity.  Pinnacle MYGA^SM is a single-premium deferred annuity offering guarantee periods of three, five, seven or 10 years.  

"Pinnacle MYGA^SM appeals to retirement-oriented investors looking for the peace of mind of guaranteed interest rates, tax-deferred growth, and lifetime income options," said David Sams, Delaware Life President. "We are excited to bring this new choice to the market at a time when the demand for competitive, secure returns is high."

Pinnacle MYGA^SM is the first new product to be released from Delaware Life, an organization which serves approximately 450,000 policyholders representing over $40 billion of in-force annuity and insurance business, and maintains a risk-based capital (RBC) ratio of 447%.  Pinnacle MYGA^SM will be distributed in conjunction with a select group of independent Financial Marketing Organizations in 47 states.

For more information about Pinnacle MYGA^SM  or the company, visit www.DelawareLife.com.

About Delaware Life

Delaware Life, through its insurance subsidiaries*, is a leading provider of annuity and life insurance products in the U.S.  Delaware Life was established in August 2013 with the purchase of the domestic U.S. annuity business and certain life and corporate market insurance businesses of Sun Life Financial Inc. (TSX & NYSE: SLF).  The terms and conditions of all Sun Life contracts and policies remain in-force and unchanged under Delaware Life.  Approximately 500 former Sun Life employees have joined Delaware Life, serving policyholders from facilities in Wellesley, Mass., Waterford, Ireland, and Lethbridge, Alberta, Canada.

*Delaware Life policies and contracts are issued by Sun Life Assurance Company of Canada (U.S.) (Wellesley Hills, MA) in all states except New York.  In New York, the policies and contracts are issued by Sun Life Insurance and Annuity Company of New York (New York, NY).  Variable contracts are distributed through Clarendon Insurance Agency, Inc.  All three companies are members of the Delaware Life group of companies and are not affiliated with Sun Life Financial.  Sun Life names and marks are used under license.

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SOURCE Delaware Life