Delaware Life

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1 Sun Life Executive Park Wellesley Hills, MA 02481-5699

Customer Service: (877) 253-2323

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Delaware Life Financial Strength

Delaware Life, through its insurance subsidiaries*, is a leading provider of annuity and life insurance products in the United States, currently managing approximately 450,000 in-force annuity and life insurance policies representing over $40 billion in policyholder accounts.

Delaware Life was established in August 2013, in connection with the purchase by Delaware Life Holdings, LLC of the domestic U.S. annuity business and certain U.S. life and corporate markets insurance businesses of Sun Life Financial Inc.

*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). All 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.

About Us

Delaware Life, through its insurance subsidiaries*, is a leading provider of annuity and life insurance products in the United States. The organization currently manages about 450,000 in-force policies, including variable annuity, fixed annuity and fixed index annuity products, as well as variable life insurance products including corporate and bank-owned variable life.

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I was hesitant at first to buy an annuity on the internet. Once I got your quote report and read your reviews I was happy I found your website. Your phone reps were always very helpful. You made the whole thing go really simple. Thank you guys!
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Delaware Life was established in August 2013, in connection with the purchase by Delaware Life Holdings, LLC of the domestic U.S. annuity business and certain life and corporate markets insurance businesses of Sun Life Financial Inc. Approximately 500 former Sun Life employees joined Delaware Life, serving policyholders from facilities in Wellesley, Massachusetts, Waterford, Ireland and Lethbridge, Alberta, Canada. The terms and conditions of all Sun Life* contracts and policies remain in-force and unchanged as a result of the acquisition.

Financial Strength

Delaware Life is a financially strong and well-capitalized organization. Our $40 billion of in-force business includes significant blocks of variable annuities, fixed annuities, and variable life insurance (including a substantial block of corporate-owned and bank-owned life insurance). Delaware Life has invested assets of $13.4 billion, a Risk Based Capital Ratio of 447%, and approximately $1.3 billion of total adjusted capital.

Our products are issued by a Delaware domestic insurance company authorized to transact business in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, and a New York domestic insurance company authorized to transact business in New York. We adhere to sound risk management practices, including a sophisticated and proven variable annuity hedging program. Our organization also benefits from additional risk management expertise provided by Guggenheim Insurance Services, LLC.

Service Commitment

We are committed to providing exceptional service and support to our in-force policyholders, and to delivering compelling new options to help both new and existing policyholders maximize their financial security.

Management

Delaware Life is led by David Sams, its President. Prior to his current role, he served as President of Sammons Enterprises, Inc., President of Massachusetts Mutual Life Insurance Company, and Chairman, President and CEO of Connecticut Mutual Life Insurance Company. He is joined at Delaware Life by multiple veterans of Sun Life’s leadership team.

* 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. Sun Life names and marks are used under license.

** The 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. Sun Life names and marks are used under license.

***In August, Moody's removed the negative watch and reaffirmed stable rating. In a statement, Moody’s explained that the confirmed rating “reflects the company’s own current intrinsic business and financial profile under the private ownership of certain Guggenheim shareholders, with the expectation of improved profitability and strong capital adequacy.” The agency’s statement also noted Delaware Life’s plans to “refresh the company’s product portfolio and reactivate sales sometime in the future.”

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