Form 497VPU DELAWARE LIFE VARIABLE

May 1, 2026 9:59 AM EDT
SUPPLEMENT DATED MAY 1, 2026
TO PROSPECTUS AND UPDATING SUMMARY PROSPECTUS DATED MAY 1, 2025
FOR REGATTA PLATINUM VARIABLE ANNUITY
ISSUED BY
DELAWARE LIFE INSURANCE COMPANY
DELAWARE LIFE VARIABLE ACCOUNT F
The Regatta Platinum Variable Annuity (the “Contract”) is a flexible payment deferred variable annuity contract. Delaware Life Insurance Company (the “Company”) offered the Contract to personal retirement and deferred compensation plans. The Contract is no longer available for sale.
This supplement provides certain updated information about your Contract. This supplement also provides a summary of the Contract 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 Contract.
The prospectus for the Contract dated May 1, 2025, as supplemented, contains more information about the Contract including its features, benefits, and risks. If you have any questions about the Contract and wish to talk to a representative, you may call (877) 253-2323. You can find the May 1, 2025 Contract prospectus, the current prospectuses for the Funds and other information about the Contract online at https://dfinview.com/DelawareLife/TAHD/866793854?site=Annuity. You can also obtain this information at no cost at https://dfinreports.com/delawarelife, by calling (800) 477-6545, or by sending an email request to [email protected].
Financial statements of Delaware Life Variable Account F (the “Variable Account”) for the year ended December 31, 2025 can be found online at https://dfinview.com/DelawareLife/TAHD/866793854?site=Annuity. You can also obtain these financial statements at no cost at https://dfinreports.com/delawarelife, by calling (800) 477-6545, or by sending an email request to [email protected].
NOTE REGARDING THE AVAILABILITY OF THE COMPANY’S AUDITED FINANCIAL STATEMENTS
The financial guarantees we provide under your Contract are supported by the Company’s general account and are subject to the Company’s financial strength and claims-paying ability. Audited financial statements for the Company for the year-ended December 31, 2025 are not yet available, pending completion of the audit by the Company’s independent certified public accountant. The Company’s audited financial statements are delayed due to an ongoing review of the Company’s affiliate and related-party transactions. As of the date of this supplement, it is uncertain when the Company’s 2025 audited financial statements will become available.
The variable investment options offered under the Contract are supported by the Variable Account, not the Company’s general account. Financial statements of the Variable Account for the year-ended December 31, 2025 are available and may be obtained as instructed above.
During the delay in finalizing the Company’s 2025 audited financial statements, you may continue to make transactions under the terms of your Contract, including:
●
Making additional purchase payments into your Contract (if otherwise permitted);
●
Transferring or reallocating your Contract Value among investment options; and
●
Any other transactions permitted under your Contract.
Notice will be provided once the Company’s 2025 audited financial statements are available. Please contact us at (800) 477-6545 with any questions regarding the Company’s financial statements or your Contract.
The Contract is a complex investment and involves risks, including potential loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. If you take a withdrawal or surrender, you may be subject to a withdrawal charge and income taxes, including a 10% additional federal tax if you are younger than age 59 1∕2. Any obligations (including under any Fixed Account investment options) or guarantees under the Contract are subject to the Company’s financial strength and claims-paying ability.
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 supplement is accurate or complete. Any representation to the contrary is a criminal offense.
SPECIAL TERMS
The following terms as used in this supplement have the indicated meanings:
ACCOUNT or PARTICIPANT ACCOUNT:
An account established for each Participant to which Net Purchase Payments are credited.
ACCOUNT VALUE:
The Variable Account Value, if any, plus the Fixed Account Value, if any, of your Account for any Valuation Period.
ACCOUNT YEAR and ACCOUNT ANNIVERSARY:
Your first Account Year is the period of (a) 12 full calendar months plus (b) the part of the calendar month in which we issue your Contract (if not on the first day of the month), beginning with the Contract Date. Your Account Anniversary is the first day immediately after the end of an Account Year. Each Account Year after the first is the 12 calendar month period that begins on your Account Anniversary. If, for example, the Contract Date is in March, the first Account Year will be determined from the Contract Date but will end on the last day of March in the following year; your Account Anniversary is April 1 and all Account Years after the first will be measured from April 1.
ANNUITY COMMENCEMENT DATE:
The date on which the first annuity payment under each Contract is to be made.
CERTIFICATE:
The document for each Participant which evidences the coverage of the Participant under a Group Contract.
COMPANY (“WE”, “US”, “OUR”, “DELAWARE LIFE”):
Delaware Life Insurance Company, which is subject to state supervision. It is the depositor of the Variable Account in which the Contract participates.
FIXED ACCOUNT:
The general account of the Company, consisting of all assets of the Company other than those allocated to a separate account of the Company.
GUARANTEE PERIOD:
The period for which a Guaranteed Interest Rate is credited.
GUARANTEED INTEREST RATE:
The rate of interest we credit on a compound annual basis during any Guarantee Period.
PURCHASE PAYMENT (PAYMENT):
An amount paid to the Company as consideration for the benefits provided by a Contract.
4
VALUATION PERIOD:
The period of time from one determination of Variable Accumulation Unit or Annuity Unit values to the next subsequent determination of these values. Value determinations are made as of the close of the New York Stock Exchange on each day that the Exchange is open for trading.
VARIABLE ACCOUNT:
Delaware Life Variable Account F, which is a separate account of the Company registered under the Investment Company Act of 1940 and consisting of assets set aside by the Company, the investment performance of which is kept separate from that of the general assets of the Company and which is not chargeable with liabilities arising out of any other business of the Company.
5
UPDATED INFORMATION ABOUT THE CONTRACT
The information in this supplement is a summary of the Contract 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 Contract.
Audited financial statements for the Company for the year ended December 31, 2025 are not yet available. Please refer to the Cover Page for more information.
Changes Affecting the Funds
Name
On or about April 30, 2026, the MFS® International Intrinsic Value Portfolio changed its name to the MFS® International Intrinsic Equity Portfolio.
Expenses and Performance Information
The expenses and performance information have been updated and are reflected in Appendix A - Funds Available under the Contract and Fees and Expenses in this supplement.
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT 
 
FEES AND EXPENSES
Location In The
Prospectus
Are There
Charges for
Early
Withdrawals?
Yes. If you withdraw money from your Contract within 7 years following
your last Purchase Payment, you will be assessed a withdrawal charge of up
to 6.0% (as a percentage of Purchase Payments withdrawn), declining to 0%
over that time period.
For example, if you make a withdrawal, you could pay a withdrawal charge
of up to $6,000 on a $100,000 investment. This loss will be greater if there
are taxes or tax penalties.
Fee Table –
Transaction
Expenses
Withdrawals,
Withdrawal
Charges, and
Market Value
Adjustment
Are There
Transaction
Charges?
Yes. In addition to charges for withdrawals, you may also be charged for
other transactions. There may be taxes on Purchase Payments and charges
for transfers between investment options. Currently, we do not charge for
transfers. However, we reserve the right to charge $15 per transfer. There
may be fees for wire transfers or other expedited forms of payment of
Contract proceeds.
Fee Table -
Transaction
Expenses
Transfer Privilege
Contract Charges
6
 
FEES AND EXPENSES (CONT.)
Location In The
Prospectus
Are There
Ongoing Fees
and Expenses?
Yes.The table below describes the fees and expenses that you may pay each
year, depending on the investment options and you choose. Please refer to
your Contract specifications page for information about the specific fees
you will pay each year based on the options you have elected.
Fee Table -
Transaction
Expenses
Contract Charges
Benefits Available
Under the
Contract
Appendix A –
Funds Available
Under the
Contract (Located
In This
Supplement)
Annual Fee
Minimum
Maximum
Base Contract
1.40%1
1.40%1
Investment Options
(Fund fees and expenses)
0.31%2
1.89%2
 
1.As a percentage of average daily net Variable Account assets.
2.As a percentage of Fund net assets.
Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning your
Contract, the following table shows the lowest and highest cost you
could pay each year, based on current charges. This estimate assumes
that you do not take withdrawals from the Contract, which could add
withdrawal charges that substantially increase costs.
 
Lowest Annual Cost:
$1,582
Highest Annual Cost:
$2,788
 
Assumes:
●Investment of $100,000
●5% annual appreciation
●Least expensive Fund fees and
expenses
●No sales charges
●No additional Purchase Payments,
transfers or withdrawals
Assumes:
●Investment of $100,000
●5% annual appreciation
●Most expensive Fund fees and
expenses
●No sales charges
●No additional Purchase
Payments, transfers or
withdrawals
 
RISKS
Location In The
Prospectus
Is There a Risk
of Loss from
Poor
Performance?
Yes. You can lose money by investing in the Contract.
Principal Risks of
Investing in the
Contract
Transfer Privilege
Is This a
Short-Term
Investment?
No.
●The Contract is not a short-term investment and is not appropriate for an
investor who needs ready access to cash.
●The benefits of tax deferral and long-term income mean the Contract is
generally more beneficial to investors with a long-term horizon. You
should not use the Contract as a short-term investment.
●Withdrawal charges may apply to withdrawals taken within 7 years after a
Purchase Payment. If you take a withdrawal, a withdrawal charge may
reduce the withdrawal amount that you actually receive and the value of
your investment. Withdrawals may also reduce or terminate Contract
guarantees.
●Withdrawals may be subject to taxes, including a 10% additional tax if you
take a withdrawal before age 59 1∕2.
Principal Risks of
Investing in the
Contract
Withdrawals,
Withdrawal
Charges, and
Market Value
Adjustment
Tax
Considerations
7
 
RISKS
Location In The
Prospectus
What are the
Risks Associated
with the
Investment
Options?
●An investment in the Contract is subject to the risk of poor investment
performance and can vary depending on the performance of the
investment options available under the Contract (e.g., the Funds).
●Each investment option (including any Fixed Account investment option)
will have its own unique risks.
●You should review the investment options before making an investment
decision.
Principal Risks of
Investing in the
Contract
The Variable
Account
What are the
Risks Related to
the Insurance
Company?
An investment in the Contract is subject to the risks related to the Company.
Any obligations (including under any Fixed Account investment options),
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 (877)
253-2323 or visiting https://www.delawarelife.com/contact-us/contact-page.
Audited financial statements for the Company for the year ended
December 31, 2025 are not yet available. Please refer to the Cover Page
for more information.
Principal Risks of
Investing in the
Contract
The Variable
Account
The Fixed
Account
 
RESTRICTIONS
Location In The
Prospectus
Are There
Limits to the
Investment
Options?
Yes.
●Certain investment options may not be available under the contract.
●You are allowed to make 12 transfers between investment options per
Account Year. We reserve the right to charge $15 per transfer. At least 6
days must elapse between transfers. Your transfers between Fund options
are subject to policies designed to deter frequent transfers. These transfer
restrictions do not apply to transfers under the Contract’s automatic
programs.
●We reserve the right to remove or substitute Funds as investment options.
The Variable
Account
Options: The
Trusts
The Fixed
Account
Transfer Privilege
Appendix A -
Funds Available
Under the
Contract (Located
In This
Supplement)
Are There Any
Restrictions on
Contract
Benefits?
N/A. The Contract does not offer optional benefits.
 
 
TAXES
Location In The
Prospectus
What are the
Contract’s Tax
Implications?
●You should consult with a tax professional to determine the tax
implications of an investment in and payments received under the
Contract.
●There is no additional tax benefit if you purchase the Contract through a
tax-qualified plan or an individual retirement account (IRA).
●Distributions from your Contract that are includible in income are taxed at
ordinary income rates. You may be subject to a 10% additional tax if you
take a withdrawal before age 59 1∕2.
Tax
Considerations
8
 
CONFLICTS OF INTEREST
Location In The
Prospectus
How is my
Investment
Professional
Compensated?
Your investment professional may receive compensation for selling the
Contract to you, including commissions, other cash compensation, and
non-cash compensation. We may share the revenue we earn on this Contract
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 Contract to you over another investment for
which the investment professional is not compensated or compensated less.
Distribution of
the Contract
Should I
Exchange my
Contract?
Some investment professionals may have a financial incentive to offer you a
new contract in place of the one you already own. You should only exchange
a contract you already own if you determine, after comparing the features,
fees, and risks of both contracts, and any fees or penalties to terminate the
existing contract, that it is better for you to purchase the new contract rather
than continue to own your existing contract.
9
APPENDIX A - FUNDS
AVAILABLE UNDER THE CONTRACT
The following is a list of Funds available under the Contract. 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/866793854?site=Annuity. You can also request this information at no cost at https://dfinreports.com/DelawareLife, by calling (800) 477-6545, 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 Contract 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 Large Cap
Blend
MFS® Variable Insurance Trust II
MFS® Blended Research® Core Equity
Portfolio
Initial Class
Massachusetts Financial
Services Company
0.30%1
16.10%
15.30%
13.88%
Equity - US Large Cap
Blend
MFS® Variable Insurance Trust II
MFS® Core Equity Portfolio
Initial Class
Massachusetts Financial
Services Company
0.78%1
12.50%
11.52%
13.81%
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%
Fixed Income - Global
MFS® Variable Insurance Trust II
MFS® Global Governments Portfolio
Initial Class
Massachusetts Financial
Services Company
0.70%1
6.54%
-4.43%
-0.07%
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 - Global Large
Cap
MFS® Variable Insurance Trust II
MFS® Global Research Portfolio
Initial Class
Massachusetts Financial
Services Company
0.85%1
16.36%
9.30%
11.21%
Allocation - Cautious
MFS® Variable Insurance Trust II
MFS® Global Tactical Allocation Portfolio
Initial Class
Massachusetts Financial
Services Company
0.78%1
15.48%
4.86%
5.67%
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%
Equity - US Large Cap
Growth
MFS® Variable Insurance Trust
MFS® Growth Series
Initial Class
Massachusetts Financial
Services Company
0.73%1
12.19%
11.10%
15.60%
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%
Fixed Income - US
MFS® Variable Insurance Trust II
MFS® Income Portfolio
Initial Class
Massachusetts Financial
Services Company
0.67%1
7.33%
0.66%
3.58%
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%
10
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
MFS® Variable Insurance Trust II
MFS® International Intrinsic Equity
Portfolio2
Initial Class
Massachusetts Financial
Services Company
0.89%1
33.26%
7.28%
9.95%
Equity - US Large Cap
Growth
MFS® Variable Insurance Trust II
MFS® Massachusetts Investors Growth
Stock Portfolio
Initial Class
Massachusetts Financial
Services Company
0.72%1
9.90%
10.02%
14.27%
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%
Equity - US Small Cap
MFS® Variable Insurance Trust
MFS® New Discovery Series
Initial Class
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 - Technology
Sector
MFS® Variable Insurance Trust II
MFS® Technology Portfolio
Initial Class
Massachusetts Financial
Services Company
0.82%1
16.57%
12.45%
18.64%
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 Class3
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%
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 April 30, 2026, the name of this fund was MFS® International Intrinsic Value Portfolio.
3
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.
11
APPENDIX A - FIXED OPTIONS AVAILABLE UNDER THE CONTRACT
The following is the list of the Fixed Account options currently available under the Contract. We may change the features of the Fixed Account options listed below, offer new Fixed Account options, and cease offering an existing Fixed Account option. We will provide you with written notice before doing so. See “THE FIXED ACCOUNT” and “BENEFITS AVAILABLE UNDER THE CONTRACT – Dollar-Cost Averaging Program”, “THE ACCUMULATION PHASE”, “Other Programs”, “Dollar-Cost Averaging” in the prospectus. 
Name
Term
Minimum Guaranteed Interest Rate
Guarantee Period
One (1) Year
3%
Dollar-Cost Averaging
6 Months and 12 Months
3%
12
The prospectus and statement of additional information (SAI) dated May 1, 2025, as supplemented, include additional information. The prospectus and SAI are available, without charge, upon request at https://dfinreports.com/DelawareLife. You can request the prospectus and SAI, or other information at no cost by calling (800) 477-6545, or by sending an email request to [email protected]. You can also access other information about the Contract online at https://dfinview.com/DelawareLife/TAHD/866793854?site=Annuity.
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.: C000021933
13

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 7/31/2026

1. META
2. MSFT
3. FTNT
4. QCOM
5. ARM
6. SBUX
7. TENB
8. CVNA
9. CMG
10. EQIX


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings