Form 497VPU DELAWARE LIFE VARIABLE
Tweet
Share
E-mailUPDATING SUMMARY PROSPECTUS
LARGE CASE CORPORATE VARIABLE UNIVERSAL LIFE INSURANCE
LARGE CASE CORPORATE VARIABLE UNIVERSAL LIFE INSURANCE
Issued By
DELAWARE LIFE INSURANCE COMPANY
June 30, 2026
The Large Case Corporate Variable Universal Life Insurance policy is a flexible premium corporate variable universal life insurance policy issued by Delaware Life Insurance Company (“the Company”). The
Policy is being offered to corporations to insure employees and other persons in whom they have an insurable interest on an individual basis.
This Updating Summary Prospectus summarizes key features of the Policy. This Updating Summary Prospectus also provides a summary of the Policy features that have changed since the prospectus dated May 1, 2025. This may not reflect all the changes
that have occurred since you entered into your Policy.
NOTICE REGARDING THE AVAILABILITY OF THE COMPANY’S
AUDITED FINANCIAL STATEMENTS
Audited financial statements
for the Company for the year-ended December 31, 2025 are now available to you online at https://dfinview.com/DelawareLife/TAHD/CUSIP0002?site=Life. Copies are also available to you upon request, without charge, by calling (888) 594-2654 or by sending an email request to [email protected]. As a reminder, the Company’s 2025 audited financial statements were delayed due to a review of the Company’s affiliate and related-party transactions, which has been completed. The review identified errors relating to the identification and presentation of certain related-party investments and, to correct the errors, the Company has restated certain 2024 disclosures in the Notes to the 2025 audited financial statements. Other than the corrected Notes disclosures, there has been no restatement of the 2024 information set forth in the 2025 financial statements. Please see the Company’s 2025 audited financial statements for additional information.
The financial guarantees we provide under your Policy are supported by the Company’s general account and are subject to the Company’s financial strength and claims-paying ability. The Company’s financial statements are relevant to the Company’s ability to meet its financial obligations under your Policy and should not be considered as having any bearing on the investment performance of the assets held in
Delaware Life Variable Account G (the “Variable Account.”).
Audited financial statements for the Variable Account for the year-ended December 31, 2025 are available to you online at https://dfinview.com/DelawareLife/TAHD/CUSIP0002?site=Life. Additional copies may be obtained upon request, without charge, by calling (888) 594-2654 or by sending an email request to [email protected].
*****************************************
The prospectus for the Policy contains more information about the Policy including its features, benefits, and risks. You can find the current prospectus and other information about the Policy at https://dfinview.com/DelawareLife/TAHD/CUSIP0002?site=Life. You can also request this information at no cost at https://dfinreports.com/delawareLife, by calling (888)
594-2654 or by sending an email request to
[email protected].
If you have any
questions about your Policy, please contact us at the Service Address:
Delaware Life Insurance Company
Attn: Corporate Markets
230 Third Avenue, 6th Floor
Waltham, MA 02451
Telephone: (888) 594-2654
Facsimile: (877) 795-5661
Attn: Corporate Markets
230 Third Avenue, 6th Floor
Waltham, MA 02451
Telephone: (888) 594-2654
Facsimile: (877) 795-5661
https://www.delawarelife.com/contact-us/contact-page
Additional information
about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission’s staff and is available at www.Investor.gov.
The Securities and Exchange Commission has not approved or
disapproved these securities or determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal
offense.
GLOSSARY OF POLICY TERMS
Account Value: The sum of the amounts in each Sub-Account of the Variable
Account, the Fixed Account and the amount of the Loan Account. Account Value does not include Policy Debt. Policy Debt, which includes the amount of loans and interest charged, is not deducted from Account Value. It is reflected in the amounts received upon surrender or payment of Policy Proceeds. It is also reflected in the amount of total Account Value that may be borrowed against.
Anniversary: The same day in each succeeding year as the day of the year corresponding to the Issue Date.
APB Rider: An Additional Protection Benefit Rider (APB Rider) with which
the Policy may be issued to provide additional life insurance coverage under the Policy. The APB Rider terminates no later than the Insured’s Attained Age 121 (100 if 1980 CSO applies).
APB Rider Death Benefit: The death benefit under the APB Rider.
Base Death Benefit: The death benefit under the Policy, exclusive of any APB Rider Death Benefit or any other supplemental
benefits.
Class: The risk, underwriting, and substandard table rating, if any, classification of the Insured.
CSO: The Commissioners Standard Ordinary (CSO) Mortality Table is
an actuarial table used to calculate reserve requirements for the Company. It is the legally recognized method for calculating required reserves and nonforfeiture values for the Company. There are three CSO tables in this Prospectus that are applied to your Policy, depending on the Investment Start Date of your Policy: the 1980 CSO, 2001 CSO, and 2017 CSO. The CSOs affect your cost of insurance, mortality and expense charge and APB Rider.
Death Benefit: The sum of the Base Death Benefit and any APB Rider Death
Benefit. For purposes of calculating the Death Benefit, the Account Value will be increased by the value provided by the Enhancement Benefit.
Deferred Expense Load on Policy Year 1 Premium: An expense charge, assessed in the second and subsequent Policy Years, up to and including Policy Year
7, based on premium paid during Policy Year 1.
Enhancement Benefit: a contractual benefit that represents a return of a portion
of the charges paid under the Policy upon surrender, at the discretion of the Company only if such surrender is not pursuant to an exchange under Section 1035 of the Code.
Fixed Account: The portion of the Account Value funded by assets invested in
our General Account.
Fund: A mutual fund in which a Sub-Account invests.
General Account: The assets held by us other than those allocated to the
Sub-Accounts of the Variable Account or any of our other separate accounts.
Insured: The person on whose life the Policy is issued.
Investment Option: The Fixed Account and any of the Sub-Accounts of the Variable Account.
Issue Date: The date specified in the Policy, from which Policy
Anniversaries, Policy Years and Policy Months are measured.
Policy: The form issued by Delaware Life Insurance Company which
evidences the insurance coverage provided and is a contract between the policyowner and the Company.
4
Policy
Debt: The principal amount of any outstanding loans against the Policy, plus accrued but unpaid interest on such
loans.
Policy Proceeds: The amount determined in accordance with the terms of the
Policy that is payable at the death of the Insured.
Policy Year: A one-year period commencing on the Issue Date or any
Anniversary and ending on the next Anniversary.
Premium Expense Load: The percentage charge applied to premium. It includes two
elements. One element is for State and Federal tax obligations and the other element is a sales load to cover costs related to policy issuance.
SEC: Securities and Exchange Commission.
Sub-Accounts: Sub-Accounts into which the assets of the Variable Account
are divided, each of which corresponds to an investment choice available to You. The Sub-Accounts are also known as variable Investment Options in the
Prospectus.
Target Premium: An amount of premium specified as such in the Policy, used to determine our Premium Expense Load and
Deferred Expense Load on Policy Year 1 Premium deductions.
Variable Account: Delaware Life Variable Account G, one of our separate
accounts, established for the purpose of funding variable insurance benefits payable under the Policy.
You: The owner of the Policy.
5
UPDATED INFORMATION ABOUT THE POLICY
The information in this Updating Summary Prospectus is a summary of the Policy features that have changed since the prospectus dated May 1, 2025. This may not reflect all the changes that have occurred since you entered into your Policy.
Changes Affecting the Funds
Adviser
For the Acorn Fund, effective July 7, 2025, Columbia Management Investment
Advisers, LLC replaced Wanger Asset Management LLC as adviser of the Fund.
Subadviser
For Templeton Growth VIP Fund, effective August 1, 2025, Templeton Asset Management Ltd. no longer served as sub-adviser of the Fund.
Fund Transaction
On December 1, 2025, Nomura Holding America Inc. acquired Macquarie Asset Management's US and European public investments business. As summarized in the table below, the Funds’ names changed and some of the Funds’ investment advisory arrangements changed as well.
| Fund Name |
Investment Management | ||
| Before Transaction |
December 1, 2025 |
Before Transaction |
December 1, 2025 |
| Macquarie VIP
Small Cap Value
Series |
Nomura VIP Small Cap
Value Series |
Adviser: Delaware
Management Company
Subadviser: Macquarie
Investment Management
Global Limited |
Adviser: Delaware
Management Company |
| LVIP Macquarie
SMID Cap Core
Fund |
LVIP Nomura SMID Cap
Core Fund |
Adviser: Lincoln
Financial Investments
Corporation
Subadviser: Delaware
Investments Fund
Advisers
Sub-Subadviser: Macquarie
Investment Management
Global Limited |
Adviser: Lincoln
Financial Investments
Corporation
Subadviser: Nomura
Investments Fund
Advisers |
| LVIP Macquarie
U.S. REIT Fund |
LVIP Nomura U.S. REIT
Fund |
Adviser: Lincoln
Financial Investments
Corporation
Subadviser: Delaware
Investments Fund
Advisers Sub-Subadviser: Macquarie Investment Management Global Limited |
Adviser: Lincoln Financial Investments Corporation Subadviser: Nomura Investments Fund Advisers Sub-Subadviser: Macquarie Investment Management Global Limited |
6
Name
Changes
| Current Fund Name |
New Fund Name |
| American Funds Insurance
Series®
International Fund |
American Funds Insurance
Series®
EUPACTM Fund |
| American Funds Insurance
Series® Global
Small Capitalization Fund |
American Funds Insurance
Series® SMALLCAP
World FundTM
|
| MFS® International Intrinsic Value Portfolio |
MFS® International Intrinsic Equity Portfolio |
| Wanger Acorn |
Columbia Variable Portfolio- Acorn Fund |
Expenses and Performance Information
The expenses and performance information have been updated and are reflected in Appendix A-Funds Available under the Policy and “IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY”, “FEES AND
EXPENSES” in this updating summary prospectus.
7
IMPORTANT INFORMATION
YOU
SHOULD CONSIDER ABOUT THE POLICY
| |
FEES AND EXPENSES |
Location In The
Prospectus | ||
| Transaction
Charges |
You may be charged for transactions under the Policy. A front-end load may
be charged on each premium payment. The front-end load for premiums up
to and including the Target Premium differs from the front-end load for
premiums in excess of the Target Premium. You may be charged for
requested Policy illustrations. |
FEE TABLE –
TRANSACTION
FEES
CHARGES,
DEDUCTIONS
AND
REFUNDS | ||
| Ongoing Fees
and Expenses
(annual
charges) |
In addition to transaction charges, an investment in the Policy is subject to
certain ongoing fees and expenses, including fees and expenses covering
the cost of insurance under the Policy and the cost of the Additional Protection
Benefit available under the Policy. Certain fees and expenses are set based
on characteristics of the insured (e.g., age, sex, and rating
classification). You should view your Policy specifications page for rates applicable to your
Policy. You will also bear expenses associated with the Funds under the Policy, as shown in the following table: |
FEE TABLE
CHARGES,
DEDUCTIONS
AND
REFUNDS
APPENDIX A -
INVESTMENT
OPTIONS
AVAILABLE
UNDER THE
POLICY | ||
| Annual Fee |
Minimum |
Maximum | ||
| Investment Options (Fund fees and expenses)1
|
0.27%1 |
3.38%1 | ||
| 1As a percentage of Fund net assets. | ||||
| |
RISKS |
Location In The
Prospectus | ||
| Risk of Loss |
You can lose money by investing in the Policy. |
PRINCIPAL
RISKS OF
INVESTING IN
THE POLICY | ||
| Not a Short-
Term
Investment |
●The Policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. ●Full surrender of this Policy is discouraged in the early Policy Years
because the front-end loads on premiums are higher in those
years. ●Upon partial surrender, your death benefit protection may be reduced and
your risk of lapse will increase. You may partially surrender the
Policy
only once per year and only after the Policy has been in force for one year.
●If You fully or partially surrender the Policy, You may be subject to income taxes and potential tax penalties. There may be tax consequences
associated with Policy loans. | |||
| Risks
Associated
with
Investment
Options |
●An investment in the Policy is subject to the risk of poor investment performance and can vary depending on the performance of the Investment Options available under the Policy (e.g., the Funds).
●Each Investment Option (including the Fixed Account) has its own unique risks. ●You should review the Investment Options before making an investment
decision. | |||
| Insurance
Company
Risks |
●An investment in the Policy is subject to the risks related to the Company. ●Any Company obligations (including under the Fixed Account),
guarantees, or benefits are subject to the claims-paying ability of the
Company.
●Additional information about the Company, including its financial
strength ratings, is available upon request by calling (888)-594-2654 or visiting https://www.delawarelife.com/our-company. |
PRINCIPAL RISKS OF INVESTING IN THE POLICY | ||
8
| |
RISKS (CONT.) |
Location In The
Prospectus | ||
| Policy
Lapse |
●Poor investment performance, insufficient premiums, fees and charges,
partial surrenders, and unpaid loans or loan interest could cause your
Policy to lapse and You could lose your insurance coverage. ●There are costs associated with reinstating a lapsed Policy.
●Death benefits will not be paid if the Policy has lapsed. |
POLICY LAPSE | ||
| |
RESTRICTIONS |
Location In The
Prospectus | ||
| Investments |
●Certain Investment Options may not be available under your Policy. ●Transfers from the Fixed Account are subject to special restrictions that
may prolong the time it takes to transfer Account Value from the Fixed Account.
●Transfers between the Fund options are subject to additional restrictions designed to prevent short-term and disruptive trading. ●All transfers are subject to our consent, and we reserve the
right to impose limitations on transfers.
●We reserve the right to remove or substitute Funds as Investment Options. |
APPENDIX A -
INVESTMENT
OPTIONS
AVAILABLE
UNDER THE
POLICY TRANSFER PRIVILEGES | ||
| Optional
Benefits |
●There are no additional restrictions or limitations relating to the
Policy’s
optional benefit (the Additional Protection Benefit
Rider). |
DEATH
BENEFIT – OPTIONAL ADDITIONAL PROTECTION BENEFIT RIDER (APB
RIDER) | ||
| |
TAXES |
Location In The
Prospectus | ||
| Tax
Implications |
●You should consult with a tax professional to determine the tax
implications of an investment in and payments received under the
Policy.
●There is no additional tax benefit if the Policy is purchased through a tax-qualified plan. ●Full and partial surrenders will be subject to ordinary
income tax, and may be subject to tax
penalties. |
ABOUT THE
POLICY
FEDERAL
INCOME
TAX
CONSIDERA-
TIONS | ||
| |
CONFLICTS OF INTEREST |
Location In The
Prospectus | ||
| Investment
Professional
Compensation |
Your investment professional may receive compensation for selling the
Policy to You, including commissions, other cash compensation, and non-cash compensation. We may share the revenue we earn on this
Policy
with your investment professional’s firm. As a result of these
compensation arrangements, your investment professional
may have a financial incentive to offer or recommend this
Policy over another investment. |
DISTRIBUTION OF POLICY | ||
| Exchanges |
Some investment professionals may have a financial incentive to offer
You a new policy in place of the one you already own. You
should only exchange a policy you already own if you
determine, after comparing the features, fees, and risks
of both policies, that it is better for you to purchase the new policy rather than continue to own your existing policy. | |||
9
APPENDIX A -
INVESTMENT OPTIONS
AVAILABLE UNDER THE POLICY
AVAILABLE UNDER THE POLICY
Variable Options
The following is a list of Funds available under the
Policy. More information about the Funds is available in the
prospectuses for the Funds, which may be amended from time to time and can be found online at
https://dfinview.com/DelawareLife/TAHD/CUSIP0002?site=Life. You can also request this
information at no cost at https://dfinreports.com/DelawareLife, by calling (888) 594-2654, or by sending an email request to [email protected].
The current expenses and performance information below reflects fees and expenses of the Funds, but does not reflect the other fees and expenses that your Policy
may charge. Expenses would be higher and performance would be lower if these other charges
were included. A Fund’s past performance is not necessarily an indication of future
performance.
| Type |
Fund |
Adviser/Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/25) | ||
| 1 Year |
5 Year |
10 Year | ||||
| Equity - US Small Cap |
AB Variable Products Series Fund, Inc.
Discovery Value Portfolio
Class A |
AllianceBernstein, L.P. |
0.82% |
2.89% |
8.75% |
8.55% |
| Equity - Global Large
Cap |
AB Variable Products Series Fund, Inc.
International Value Portfolio
Class A |
AllianceBernstein, L.P. |
0.92% |
41.70% |
10.47% |
6.64% |
| Equity - US Mid Cap |
The Alger Portfolios
Alger Mid Cap Growth Portfolio
Class I-2 |
Fred Alger Management, LLC |
0.92%1 |
16.77% |
3.01% |
11.68% |
| Equity - US Small Cap |
The Alger Portfolios
Alger Small Cap Growth Portfolio
Class I-2 |
Fred Alger Management, LLC |
0.97% |
5.91% |
-4.93% |
8.83% |
| Fixed Income - US |
American Funds Insurance Series®
American High-Income Trust®
Class 2 |
Capital Research and
Management Company |
0.62%1 |
8.24% |
5.60% |
6.96% |
| Equity - Global Large
Cap |
American Funds Insurance Series®
Capital World Growth and Income Fund®
Class 2 |
Capital Research and
Management Company |
0.66%1 |
24.80% |
10.29% |
11.02% |
| Equity - Global Large
Cap |
American Funds Insurance Series®
EUPAC Fund™2
Class 2 |
Capital Research and
Management Company |
0.72%1 |
26.77% |
3.40% |
7.00% |
| Equity - Global Large
Cap |
American Funds Insurance Series®
Global Growth Fund
Class 2 |
Capital Research and
Management Company |
0.65%1 |
21.62% |
8.23% |
12.17% |
| Equity - US Large Cap
Growth |
American Funds Insurance Series®
Growth Fund
Class 2 |
Capital Research and
Management Company |
0.58% |
20.24% |
13.37% |
17.97% |
| Equity - US Large Cap
Blend |
American Funds Insurance Series®
Growth-Income Fund
Class 2 |
Capital Research and
Management Company |
0.53% |
18.06% |
13.90% |
13.92% |
| Equity - Global Mid/
Small Cap |
American Funds Insurance Series®
SMALLCAP World Fund®3
Class 2 |
Capital Research and
Management Company |
0.90%1 |
14.64% |
0.49% |
7.23% |
| Fixed Income - US |
American Funds Insurance Series®
The Bond Fund of America®
Class 2 |
Capital Research and
Management Company |
0.47%1 |
7.26% |
-0.14% |
2.36% |
| Equity - US Large Cap
Value |
American Funds Insurance Series®
Washington Mutual Investors Fund
Class 2 |
Capital Research and
Management Company |
0.50%1 |
17.21% |
13.89% |
12.36% |
10
| Type |
Fund |
Adviser/Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/25) | ||
| 1 Year |
5 Year |
10 Year | ||||
| Equity - US Mid Cap |
BlackRock Variable Series Funds, Inc.
BlackRock Advantage SMID Cap V.I.
Fund
Class I |
BlackRock Advisors, LLC |
0.55%1 |
11.11% |
7.04% |
11.12% |
| Allocation - Moderate |
BlackRock Variable Series Funds, Inc.
BlackRock Global Allocation V.I. Fund
Class I |
BlackRock Advisors, LLC /
BlackRock International
Limited, BlackRock
(Singapore) Limited |
0.76%1 |
19.80% |
5.79% |
7.59% |
| Equity - US Large Cap
Blend |
BNY Mellon Variable Investment Fund:
Appreciation Portfolio
Initial Shares |
BNY Mellon Investment
Adviser, Inc. / Fayez Sarofim
& Co., LLC |
0.85% |
10.07% |
9.37% |
12.92% |
| Equity - US Mid Cap |
BNY Mellon Investment Portfolios:
MidCap Stock Portfolio
Initial Shares |
BNY Mellon Investment
Adviser, Inc. / Newton
Investment Management
North America, LLC |
0.87%1 |
10.07% |
9.67% |
8.78% |
| Equity - Technology
Sector |
BNY Mellon Investment Portfolios:
Technology Growth Portfolio
Initial Shares |
BNY Mellon Investment
Adviser, Inc. / Newton
Investment Management
North America, LLC |
0.82% |
28.16% |
9.24% |
17.27% |
| Equity - US Large Cap
Blend |
BNY Mellon Stock Index Fund, Inc.
Initial Shares |
BNY Mellon Investment
Adviser, Inc. / Mellon
Investments Corporation |
0.27% |
17.53% |
14.11% |
14.52% |
| Equity - US Small Cap |
Columbia Funds Variable Insurance Trust
Acorn Fund |
Columbia Management
Investment Advisers, LLC |
0.91%1 |
4.47% |
1.02% |
8.66% |
| Equity - Global Large
Cap |
Columbia Funds Variable Series Trust II
Columbia Variable Portfolio – Overseas
Core Fund
Class 2 |
Columbia Management
Investment Advisers, LLC |
1.04% |
37.96% |
8.92% |
7.55% |
| Equity - US Large Cap
Growth |
Columbia Funds Variable Series Trust II
CTIVP®–
Principal Large Cap Growth
Fund
Class 1 |
Columbia Management
Investment Advisers, LLC /
Principal Global Investors,
LLC |
0.69% |
13.78% |
10.47% |
14.66% |
| Equity - US Small Cap |
Delaware VIP® Trust
Nomura VIP Small Cap Value Series4
Standard Class |
Delaware Management
Company, a series of Nomura
Investment Management
Business Trust |
0.74% |
8.16% |
9.26% |
9.15% |
| Equity - US Large Cap
Value |
Deutsche DWS Variable Series II
DWS CROCI®
U.S. VIP Class A |
DWS Investment
Management Americas, Inc. |
0.71%1 |
17.19% |
12.30% |
8.17% |
| Equity - US Small Cap |
Deutsche DWS Investments VIT Funds
DWS Small Cap Index VIP
Class A5 |
DWS Investment
Management Americas, Inc. /
Northern Trust Investments,
Inc. |
0.37%1 |
12.64% |
5.84% |
9.33% |
| Equity - US Small Cap |
Deutsche DWS Variable Series II
DWS Small Mid Cap Value VIP
Class A |
DWS Investment
Management Americas, Inc. |
0.80%1 |
18.21% |
9.66% |
7.57% |
| Allocation - Moderate |
Variable Insurance Products Fund III
Fidelity®
Variable Insurance Products Balanced
Portfolio Initial Class
|
Fidelity Management &
Research Company, LLC /
FMR Investment
Management (UK) Limited,
Fidelity Management &
Research (Hong Kong)
Limited, Fidelity Management
& Research (Japan) Limited |
0.41% |
15.25% |
9.52% |
11.13% |
11
| Type |
Fund |
Adviser/Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/25) | ||
| 1 Year |
5 Year |
10 Year | ||||
| Equity - US Large Cap
Growth |
Variable Insurance Products Fund II
Fidelity®
Variable Insurance Products
Contrafund®
Portfolio Initial Class
|
Fidelity Management &
Research Company, LLC /
FMR Investment
Management (UK) Limited,
Fidelity Management &
Research (Hong Kong)
Limited, Fidelity Management
& Research (Japan) Limited |
0.54% |
21.52% |
15.37% |
15.78% |
| Equity - US Large Cap
Value |
Variable Insurance Products Fund
Fidelity®
Variable Insurance Products Equity-Income
Portfolio Initial Class
|
Fidelity Management &
Research Company, LLC /
FMR Investment
Management (UK) Limited,
Fidelity Management &
Research (Hong Kong)
Limited, Fidelity Management
& Research (Japan) Limited |
0.46% |
19.02% |
12.51% |
11.60% |
| Allocation - Target
Date |
Variable Insurance Products Fund V
Fidelity®
Variable Insurance Products Freedom 2015
Portfolio Initial Class
|
Fidelity Management &
Research Company, LLC |
0.41% |
11.87% |
3.99% |
6.60% |
| Allocation - Target
Date |
Variable Insurance Products Fund V
Fidelity®
Variable Insurance Products Freedom 2020
Portfolio Initial Class
|
Fidelity Management &
Research Company, LLC |
0.44% |
13.33% |
4.84% |
7.38% |
| Allocation - Target
Date |
Variable Insurance Products Fund V
Fidelity®
Variable Insurance Products Freedom 2030
Portfolio Initial Class
|
Fidelity Management &
Research Company, LLC |
0.49% |
15.52% |
6.25% |
8.88% |
| US Money Market |
Variable Insurance Products Fund V
Fidelity®
Variable Insurance Products Government
Money Market Portfolio Service
Class6 |
Fidelity Management &
Research Company, LLC /
FMR Investment
Management (UK) Limited,
Fidelity Management &
Research (Hong Kong)
Limited, Fidelity Management
& Research (Japan) Limited |
0.35% |
4.03% |
3.02% |
1.95% |
| Equity - US Large Cap
Value |
Variable Insurance Products Fund III
Fidelity®
Variable Insurance Products Growth &
Income Portfolio Initial
Class |
Fidelity Management &
Research Company, LLC /
FMR Investment
Management (UK) Limited,
Fidelity Management &
Research (Hong Kong)
Limited, Fidelity Management
& Research (Japan) Limited |
0.47% |
21.50% |
16.11% |
13.84% |
| Equity - US Large Cap
Growth |
Variable Insurance Products Fund
Fidelity®
Variable Insurance Products Growth
Portfolio Initial Class
|
Fidelity Management &
Research Company, LLC /
FMR Investment
Management (UK) Limited,
Fidelity Management &
Research (Hong Kong)
Limited, Fidelity Management
& Research (Japan) Limited |
0.55% |
14.92% |
13.70% |
17.45% |
| Fixed Income - US |
Variable Insurance Products Fund
Fidelity®
Variable Insurance Products High Income
Portfolio Initial Class
|
Fidelity Management &
Research Company, LLC /
FMR Investment
Management (UK) Limited,
Fidelity Management &
Research (Hong Kong)
Limited, Fidelity Management
& Research (Japan) Limited |
0.81%1 |
10.36% |
4.22% |
5.59% |
12
| Type |
Fund |
Adviser/Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/25) | ||
| 1 Year |
5 Year |
10 Year | ||||
| Fixed Income - US |
Variable Insurance Products Fund V
Fidelity®
Variable Insurance Products Investment
Grade Bond Portfolio Initial
Class |
Fidelity Management &
Research Company, LLC /
FMR Investment
Management (UK) Limited,
Fidelity Management &
Research (Hong Kong)
Limited, Fidelity Management
& Research (Japan) Limited |
0.37% |
7.22% |
0.06% |
2.71% |
| Equity - US Mid Cap |
Variable Insurance Products Fund III
Fidelity®
Variable Insurance Products Mid Cap
Portfolio Initial Class
|
Fidelity Management &
Research Company, LLC /
FMR Investment
Management (UK) Limited,
Fidelity Management &
Research (Hong Kong)
Limited, Fidelity Management
& Research (Japan) Limited |
0.55% |
11.75% |
10.10% |
10.59% |
| Equity - Global Large
Cap |
Variable Insurance Products Fund
Fidelity®
Variable Insurance Products Overseas
Portfolio Initial Class
|
Fidelity Management &
Research Company, LLC /
FIL Investment Advisors, FIL
Investment Advisors (UK)
Limited, FMR Investment
Management (UK) Limited,
Fidelity Management &
Research (Hong Kong)
Limited, Fidelity Management
& Research (Japan) Limited |
0.72% |
20.39% |
6.62% |
7.93% |
| Equity - International
All Cap |
First Eagle Variable Funds
First Eagle Overseas Variable Fund |
First Eagle Investment
Management, LLC |
1.21%1 |
37.47% |
9.02% |
7.61% |
| Equity - Real Estate
Sector |
Franklin Templeton Variable Insurance
Products Trust
Franklin Global Real Estate VIP Fund
Class 17 |
Franklin Advisers, Inc. |
1.00%1 |
8.22% |
2.64% |
3.29% |
| Allocation - Large Cap
Equity |
Franklin Templeton Variable Insurance
Products Trust
Franklin Mutual Shares VIP Fund
Class 1 |
Franklin Mutual Advisers,
LLC |
0.69% |
11.81% |
9.49% |
7.80% |
| Equity - US Mid Cap |
Franklin Templeton Variable Insurance
Products Trust
Franklin Small-Mid Cap Growth VIP
Fund
Class 15 |
Franklin Advisers, Inc. |
0.84% |
2.70% |
1.27% |
10.16% |
| Equity - US Large Cap
Value |
AIM Variable Insurance Funds (Invesco
Variable Insurance Funds)
Invesco V.I. Comstock Fund
Series I |
Invesco Advisers, Inc. |
0.75% |
17.45% |
15.43% |
11.95% |
| Equity - US Large Cap
Growth |
AIM Variable Insurance Funds (Invesco
Variable Insurance Funds)
Invesco V.I. Discovery Large Cap Fund
Series I |
Invesco Advisers, Inc. |
0.80%1 |
12.79% |
11.69% |
14.22% |
| Equity - Global Large
Cap |
AIM Variable Insurance Funds (Invesco
Variable Insurance Funds)
Invesco V.I. Global Fund
Series I |
Invesco Advisers, Inc. |
0.81% |
15.32% |
7.28% |
11.00% |
| Equity - US Large Cap
Value |
AIM Variable Insurance Funds (Invesco
Variable Insurance Funds)
Invesco V.I. Growth and Income Fund
Series I |
Invesco Advisers, Inc. |
0.75% |
15.62% |
12.85% |
10.73% |
| Equity - US Mid Cap |
AIM Variable Insurance Funds (Invesco
Variable Insurance Funds)
Invesco V.I. Main Street Mid Cap Fund®
Series I5 |
Invesco Advisers, Inc. |
0.94% |
9.19% |
9.11% |
9.35% |
13
| Type |
Fund |
Adviser/Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/25) | ||
| 1 Year |
5 Year |
10 Year | ||||
| Equity - US Small Cap |
AIM Variable Insurance Funds (Invesco
Variable Insurance Funds)
Invesco V.I. Main Street Small Cap Fund®
Series I |
Invesco Advisers, Inc. |
0.84% |
8.70% |
8.34% |
10.59% |
| Equity - US Mid Cap |
Janus Aspen Series
Janus Henderson Mid Cap Value Portfolio
Institutional Shares |
Janus Henderson Investors
US LLC |
0.83%1 |
6.50% |
8.69% |
8.66% |
| Equity - Global
Emerging Markets |
Lazard Retirement Series, Inc.
Lazard Retirement Emerging Markets
Equity Portfolio
Investor Shares |
Lazard Asset
Management LLC |
1.13%1 |
42.12% |
11.04% |
9.63% |
| Equity - US Small Cap |
Lincoln Variable Insurance Products Trust
LVIP Nomura SMID Cap Core Fund8
Standard Class |
Lincoln Financial Investments
Corporation / Nomura
Investments Fund Advisers |
0.80%1 |
8.85% |
9.10% |
9.65% |
| Equity - Real Estate
Sector |
Lincoln Variable Insurance Products Trust
LVIP Nomura U.S. REIT Fund9
Standard Class |
Lincoln Financial Investments
Corporation / Nomura
Investments Fund Advisers Sub-Subadviser: Macquarie Investment Management Global Limited |
0.83%1 |
1.02% |
5.57% |
4.04% |
| Equity - US Small Cap |
MFS® Variable Insurance Trust
III MFS®
Blended Research® Small Cap Equity Portfolio Initial Class |
Massachusetts Financial
Services Company |
0.58%1 |
5.76% |
6.92% |
9.10% |
| Fixed Income - US |
MFS® Variable Insurance Trust
II MFS®
Corporate Bond Portfolio Initial
Class |
Massachusetts Financial
Services Company |
0.63%1 |
7.56% |
-0.06% |
3.32% |
| Equity - Global
Emerging Markets |
MFS® Variable Insurance Trust
II MFS®
Emerging Markets Equity
Portfolio
Initial Class |
Massachusetts Financial
Services Company |
1.23%1 |
33.65% |
4.37% |
7.92% |
| Equity - Global Large
Cap |
MFS® Variable Insurance Trust
II MFS®
Global Growth Portfolio Initial
Class |
Massachusetts Financial
Services Company |
0.88%1 |
7.68% |
6.77% |
11.76% |
| Equity - Real Estate
Sector |
MFS® Variable Insurance Trust
III MFS®
Global Real Estate Portfolio Initial
Class |
Massachusetts Financial
Services Company |
0.90%1 |
3.53% |
1.32% |
5.01% |
| Fixed Income - US |
MFS® Variable Insurance Trust
II MFS®
Government Securities Portfolio Initial
Class |
Massachusetts Financial
Services Company |
0.56%1 |
6.99% |
-0.68% |
1.29% |
| Fixed Income - US |
MFS® Variable Insurance Trust
II MFS®
High Yield Portfolio Initial
Class |
Massachusetts Financial
Services Company |
0.72%1 |
8.65% |
3.87% |
5.56% |
| Equity - Global Large
Cap |
MFS® Variable Insurance Trust
II MFS®
International Growth Portfolio Initial
Class |
Massachusetts Financial
Services Company |
0.88%1 |
21.12% |
7.07% |
9.88% |
| Equity - Global Large
Cap |
MFS® Variable Insurance Trust
II MFS®
International Intrinsic Equity
Portfolio10
Initial Class |
Massachusetts Financial
Services Company |
0.89%1 |
33.26% |
7.28% |
9.95% |
| Fixed Income - US |
MFS® Variable Insurance Trust
III MFS®
Limited Maturity Portfolio Initial
Class |
Massachusetts Financial
Services Company |
0.48%1 |
5.83% |
2.56% |
2.70% |
| Equity - US Mid Cap |
MFS® Variable Insurance
Trust MFS®
Mid Cap Growth Series Initial
Class |
Massachusetts Financial
Services Company |
0.81%1 |
3.66% |
3.26% |
11.60% |
14
| Type |
Fund |
Adviser/Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/25) | ||
| 1 Year |
5 Year |
10 Year | ||||
| Equity - US Mid Cap |
MFS® Variable Insurance Trust
III MFS®
Mid Cap Value Portfolio Initial
Class |
Massachusetts Financial
Services Company |
0.79%1 |
5.98% |
10.18% |
9.95% |
| Equity - US Small Cap |
MFS® Variable Insurance
Trust MFS®
New Discovery Series Initial Class7 |
Massachusetts Financial
Services Company |
0.87%1 |
12.96% |
-0.28% |
10.74% |
| Equity - Global Large
Cap |
MFS® Variable Insurance Trust
II MFS®
Research International Portfolio Initial
Class |
Massachusetts Financial
Services Company |
0.90%1 |
22.05% |
5.51% |
7.54% |
| Equity - US Large Cap
Blend |
MFS® Variable Insurance
Trust MFS®
Research Series Initial Class
|
Massachusetts Financial
Services Company |
0.74%1 |
12.85% |
11.15% |
12.93% |
| Allocation - Moderate |
MFS® Variable Insurance
Trust MFS®
Total Return Series Initial
Class |
Massachusetts Financial
Services Company |
0.61%1 |
11.16% |
6.42% |
7.63% |
| US Money Market |
MFS® Variable Insurance Trust
II MFS®
U.S. Government Money Market
Portfolio
Initial Class6 |
Massachusetts Financial
Services Company |
0.45%1 |
3.85% |
2.87% |
1.77% |
| Equity - Utilities
Sector |
MFS® Variable Insurance
Trust MFS®
Utilities Series Initial
Class |
Massachusetts Financial
Services Company |
0.78%1 |
15.01% |
7.64% |
9.49% |
| Equity - US Large Cap
Value |
MFS® Variable Insurance
Trust MFS®
Value Series Initial Class
|
Massachusetts Financial
Services Company |
0.69%1 |
13.01% |
9.95% |
10.05% |
| Equity - US Mid Cap |
Morgan Stanley Variable Insurance Fund,
Inc.
Discovery Portfolio
Class I |
Morgan Stanley Investment
Management, Inc. |
0.95%1 |
12.58% |
-5.36% |
14.16% |
| Commodities Broad
Basket |
PIMCO Variable Insurance Trust
PIMCO CommodityRealReturn® Strategy Portfolio Administrative Class |
Pacific Investment
Management Company LLC |
3.19%1 |
18.79% |
10.55% |
6.54% |
| Fixed Income -
Emerging Markets |
PIMCO Variable Insurance Trust
PIMCO Emerging Markets Bond
Portfolio
Administrative Class |
Pacific Investment
Management Company LLC |
1.17% |
14.98% |
2.44% |
5.06% |
| Fixed Income - US |
PIMCO Variable Insurance Trust
PIMCO Real Return Portfolio
Administrative Class |
Pacific Investment
Management Company LLC |
1.39% |
7.85% |
1.21% |
3.21% |
| Fixed Income - US |
PIMCO Variable Insurance Trust
PIMCO Total Return Portfolio
Administrative Class |
Pacific Investment
Management Company LLC |
0.73% |
8.89% |
0.02% |
2.36% |
| Equity - US Small Cap |
Royce Capital Fund
Royce Small-Cap Portfolio
Investment Class |
Royce & Associates, LP
(Royce Investment Partners) /
Royce Fund Services, LLC |
1.18% |
8.93% |
10.66% |
7.88% |
| Equity - US Large Cap
Growth |
T. Rowe Price Equity Series, Inc.
T. Rowe Price Blue Chip Growth Portfolio
|
T. Rowe Price Associates, Inc. |
0.75% |
18.74% |
11.68% |
15.54% |
| Equity - US Large Cap
Value |
T. Rowe Price Equity Series, Inc.
T. Rowe Price Equity Income Portfolio
|
T. Rowe Price Associates, Inc. |
0.74% |
14.36% |
11.17% |
10.51% |
15
| Type |
Fund |
Adviser/Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/25) | ||
| 1 Year |
5 Year |
10 Year | ||||
| Equity - Global Large
Cap |
Franklin Templeton Variable Insurance
Products Trust
Templeton Foreign VIP Fund
Class 1 |
Templeton Investment
Counsel, LLC |
0.83%1 |
29.51% |
8.52% |
6.01% |
| Equity - Global Large
Cap |
Franklin Templeton Variable Insurance
Products Trust
Templeton Growth VIP Fund
Class 1 |
Templeton Global Advisors
Limited / Templeton Asset
Management Ltd. |
0.87%1 |
24.16% |
8.23% |
7.31% |
1
The Fund’s current expenses are subject to a temporary expense reimbursement
and/or fee waiver. Please refer to the Fund’s prospectus for more information.
2
Prior to May 1, 2026, the name of this fund was International Fund.
3
Prior to
May 1, 2026, the name of this fund was Global Small Capitalization Fund.
4
Prior to November 3, 2025, the name of this fund was Macquarie VIP Small Cap Value Series.
5
Not available for investment of new premium or transfers on and after November 15,
2010.
6
There is
no assurance that this Fund will be able to maintain a stable net asset value per share. In addition, during periods of low interest rates, and partly as a result of asset
based separate account charges, the yield on this Fund may become low and possibly negative.
7
Not available for investment of new premium or transfers on and after July 1, 2008.
8
Prior to November 3, 2025, the name of this fund was LVIP Macquarie SMID Cap Core
Fund.
9
Prior to
November 3, 2025, the name of this fund was LVIP Macquarie U.S. REIT Fund.
10
Prior to April 30, 2026, the name of this fund was MFS® International Intrinsic Value Portfolio.
16
The prospectus and
statement of additional information (“SAI”) dated June 30, 2026, includes additional information. The prospectus and SAI are incorporated by reference into
this Updating Summary Prospectus. The prospectus and SAI are available, without charge, upon request. For a free copy of the prospectus and SAI, or to request other
information about the Policy or make other inquiries, call us at (888) 594-2654.
You may also request a free copy of the prospectus and SAI at https://dfinreports.com/delawareLife and the prospectus and SAI are also available on our website at https://dfinview.com/DelawareLife/TAHD/CUSIP0002?site=Life.
Reports and other information about the Variable Account are available on the SEC’s website at https://www.sec.gov/, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: [email protected]
EDGAR Contract Identifier No.: C000008740.
17
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Orca Bio’s TREGZI™ Receives U.S. FDA Approval as First and Only Precision-Engineered Cell Therapy for Allogeneic Transplant in Adults with Hematological Malignancies
- 'Aloha all around the world:' Hawaiian Airlines unveils oneworld alliance livery aircraft featuring ʻŌlelo Hawaiʻi
- Kitsault Energy: A Nation-Building Opportunity to Increase Canada's GDP, Exports, and Global Competitiveness
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
