Apex Control
Delaware Life
5.2%
5-yr guarantee
10%
Free W/D
50
Jurisdictions
Live product data
Rates as of May 28, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
5.2% guaranteed for 5 years
A multi-year guaranteed annuity from A-rated Delaware Life with 3-, 5-, and 7-year terms, contractually fixed rates, and standard nursing-home / terminal-illness surrender-charge waivers — Delaware Life's newer Apex chassis, positioned alongside the Apex MYGA shelf.
Best fit
Buyers who want a contractually fixed annual rate locked for 3, 5, or 7 years from an A-rated carrier and value whatever feature set Apex Control adds over Apex MYGA on the carrier's MYGA shelf.
AM Best
A- Excellent
Surrender period
7 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- Carrier financial strength is rated by two independent agencies (A.M. Best and S&P), so the strength view is not a single-source read.
- Three contractually offered terms (3-year, 5-year, 7-year) give buyers a clean menu without the duration-commitment of a 10-year MYGA — buyers who want a Delaware Life MYGA but don't want to lock for a decade have a real choice here.
- Free-withdrawal allowance and the seven-year surrender ladder are visible on this page rather than gated behind a brochure.
- Surrender-charge waivers for nursing home and terminal illness are contractually included — the schedule of penalty-free exits in qualifying medical events is part of the policy.
What to confirm
- The 'Control' chassis appears to trade a feature uplift for a rate position relative to the Apex MYGA filing on the same shelf — buyers should read the live rate sheets on both products and verify in the brochure what specifically Apex Control offers that Apex MYGA does not before defaulting to either.
- Multiple rate bands exist at each term — the headline rate is the top-of-shelf band, typically tied to a minimum premium that the buyer should verify against their funding amount.
- There is no GLWB income rider on this filing. This is a fixed-rate accumulation product; do not compare its payout against a rider-led income annuity.
- The Delaware Life MYGA shelf includes three filings (Apex MYGA, Apex Control, Pinnacle Plus MYGA). Apex Control is the newer chassis alongside the existing Apex MYGA shelf, and Pinnacle Plus extends the deferral menu to ten years. Buyers should compare all three live rate sheets side-by-side rather than assume the newer filing is the better pick.
Not ideal for
Buyers who want index-linked upside, need a guaranteed lifetime-withdrawal rider, or need a 10-year MYGA term — Pinnacle Plus is the only Delaware Life filing that covers a full ten-year deferral.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.9% |
| 5-Year | 5.2% |
| 7-Year | 5.25% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
8%
Yr 2
7%
Yr 3
6%
Yr 4
5%
Yr 5
4%
Yr 6
3%
Yr 7
2%
After
0%
Nursing home waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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