Form 497VPU DELAWARE LIFE VARIABLE

June 30, 2026 4:50 PM EDT
UPDATING SUMMARY PROSPECTUS
DELAWARE LIFE MASTERS PRIME® VARIABLE ANNUITY
Issued By
DELAWARE LIFE INSURANCE COMPANY
June 30, 2026
The Delaware Life Masters Prime® Variable Annuity (the “Contract”) is a flexible payment deferred variable annuity contract. Delaware Life Insurance Company (the Company) offered the Contract to individuals and entities. The Contract is no longer available for sale.
This Updating Summary Prospectus summarizes key features of the Contract. This Updating Summary Prospectus 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.
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/246115166?site=Annuity. Copies are also available to you upon request, without charge, by calling (800) 477-6545 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 Contract 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 Contract and should not be considered as having any bearing on the investment performance of the assets held in Delaware Life Variable Account F (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/246115166?site=Annuity. Additional copies may be obtained upon request, without charge, by calling (800) 477-6545 or by sending an email request to [email protected].
*****************************************
The prospectus for the Contract 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 current prospectus and other information about the Contract online at https://dfinview.com/Delawarelife/TAHD/246115166?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]. The Contract is no longer available for sale.
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.
SPECIAL TERMS
The following terms as used in this supplement have the indicated meanings:
ANNUITY INCOME DATE: The date the annuity payments begin.
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.
CONTRACT VALUE: The sum of Variable Accumulation Value, if any, plus the Fixed Accumulation Value, if any, for that Valuation Period.
CONTRACT YEAR: A period of 365 days (366 days if a leap year) first measured from the Issue Date.
DESIGNATED FUND: The Subaccounts (and fixed Guarantee Period(s), if any) that we make available for use with the GLWB, the HAV Death Benefit, and the ROP Death Benefit riders.
DOLLAR-COST AVERAGING (or “DCA”) Program: You may elect to participate in the DCA Program, at no extra charge, by allocating a Purchase Payment to the Fixed Account prior to your Annuity Income Date. The 6 and 12-month DCA Program automatically transfers a fractional amount of your Purchase Payment, plus accrued interest, from the Fixed Account to your selected Subaccounts each month.
EARLY WITHDRAWAL: Under the GLWB, any withdrawal taken prior to the Income Start Date.
FIXED ACCOUNT: A part of the Company’s general account, consisting of all the Company’s assets other than those allocated to the Company’s separate accounts.
FUND: An open-end management investment company, registered under the Investment Company Act of 1940, in which the Subaccount invests.
GLWB: An optional living benefit rider that you may be eligible to elect on or before the Issue Date of your Contract, which guarantees that the Owner may withdraw and receive an annual amount each Contract Year.
GOOD ORDER: A complete instruction received by the Company, including legally and Company required information.
GUARANTEE PERIOD: The period for which a Guaranteed Interest Rate is credited. Each year in a Guarantee Period is 365 days (366 days if a leap year), first measured from the date of the allocation to the Guarantee Period. When available, the Company may offer different durations of Guarantee Periods. A Guarantee Period is also known as a Fixed Account option in the Prospectus.
HAV DEATH BENEFIT: An optional death benefit that you may be eligible to elect on or before the Issue Date of your Contract.
INVESTMENT OPTION: A division of the Variable Account which invests in shares of a Fund. An Investment Option is also known as a Subaccount in the Prospectus.
ISSUE DATE: The effective date of your Contract when we apply your initial Purchase Payment and issue your Contract.
OWNER: The person(s) or entity entitled to the ownership rights in the Contract. Joint Owners must be spouses recognized as such under federal tax laws.
PURCHASE PAYMENT: An amount paid to the Company as consideration for the benefits provided by the Contract.
3
RECEIVE (receipt, receives, received by the Company): Occurs when received by the Company in Good Order at our Service Address, or at such other location and by any means we identify as acceptable to us.
ROP DEATH BENEFIT: An optional death benefit that provides a death benefit equal to the higher of the Contract Value and the ROP Value.
ROP VALUE: Total Purchase Payments adjusted for any partial withdrawals under the ROP Death Benefit rider.
SERVICE ADDRESS: By mail, Delaware Life Insurance Company, P.O. Box 758581, Topeka, KS 66675-8581; by express mail, Delaware Life Insurance Company, Mail Zone 581, 5801 SW 6th Avenue, Topeka, KS 66636; and by facsimile at (785)286-6118, or such other address specified by written notice, to which all correspondence concerning your Contract should be sent.
SUBACCOUNT: A division of the Variable Account which invests in shares of a Fund. A Subaccount is also known as a Investment Option in the Prospectus.
VALUATION PERIOD: The period of time beginning at the close of regular trading on the NYSE each Business Day and ending at the close of such trading on the next Business Day.
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.
VARIABLE ACCUMULATION UNIT: A unit of measure, for each Subaccount of the Variable Account. It is used to calculate the Contract Value allocated to each Subaccount of the Variable Account during the Accumulation Phase.
VARIABLE ACCUMULATION VALUE: The sum of the values of all the Variable Accumulation Units in the Subaccounts supporting your Contract for a Valuation Period.
VARIABLE OPTION: An Investment Option that is a Subaccount of the Variable Account. The value of amounts allocated to a Variable Option will vary according to the investment experience of a Fund.
WITHDRAWAL BENEFIT BASE: Under the GLWB, the amount used to calculate the AWA and the GLWB Fee.
WITHDRAWAL CHARGE(S): The charge which will be applied in the event that you make a partial withdrawal or surrender your Contract during the period when the Withdrawal Charge applies.
YOU and YOUR: The terms “you” and “your” refer to the “Owner,” as that term is used in this Prospectus.
4
UPDATED INFORMATION ABOUT THE CONTRACT
The information in this Updating Summary Prospectus 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.
Changes Affecting the Funds
Subadviser
For Western Asset Core Plus VIT Portfolio, effective June 30, 2026, Western Asset Management Company, Ltd no longer serves as a subadviser.
Subclassification and Other Changes
For the Goldman Sachs U.S. Equity Insights Fund, effective June 12, 2026, the Fund’s subclassification under the Investment Company Act of 1940 has changed from “diversified” to “non-diversified” and related fundamental investment restrictions have been eliminated.
Name Changes  
Current Fund Name
New Fund Name
American Funds Insurance Series® International Fund
American Funds Insurance Series® EUPACTM Fund
Putnam VT Research Fund
Putnam VT U.S. Research Fund
Expenses and Performance Information
The expenses and performance information have been updated and are reflected in Appendix A-Investment Options Available under the Contract and “IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT”, “FEES AND EXPENSES” in this updating summary prospectus.
    
5
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 8.0% (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 $8,000 on a $100,000 investment. This
loss will be greater if there are taxes or tax penalties.
Fee Table -
Transaction
Expenses
Withdrawals,
Surrenders, and
Withdrawal
Charges
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 among Investment Options. Currently, we do not charge for
transfers. However, we reserve the right to charge $25 per transfer after the
first 12 transfers per Contract Year. There may be fees for wire transfers or
other expedited forms of payment of Contract proceeds.
Fee Table -
Transaction
Expenses
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 optional benefits you
choose. Please refer to your Contract specifications page for information
about the specific fees you will pay each year based on the Investment
Options and optional benefits you have elected.
Fee Table -
Annual Contract
Expenses
Contract Charges
Benefits Available
Under the
Contract
Appendix A:
Investment
Options Available
Under the
Contract
Annual Fee
Minimum
Maximum
Base contract:
1.20%1
1.20%1
Investment Options
(Fund fees and expenses)
0.71%2
3.48%2
Optional benefits available for an
additional charge (for a single
optional benefit, if elected)
0.05%3
1.95%4
 
1As a percentage of average Variable Accumulation Value, plus an amount attributable to
the Annual Contract Fee.
2As a percentage of Fund net assets.
3As a percentage of ROP Value for the optional death benefit riders.
4As a percentage of Withdrawal Benefit Base. This represents the maximum fee for the
rider.
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:
$1,724
Highest Annual Cost:
$6,403
Assumes:
●Investment of $100,000
●5% annual appreciation
●Least expensive Fund fees and
expenses
●No optional benefits
●No sales charges
●No additional Purchase Payments,
transfers or withdrawals
Assumes:
●Investment of $100,000
●5% annual appreciation
●Most expensive combination of
optional benefits and Fund fees
and expenses
●No sales charges
●No additional Purchase
Payments, transfers or
withdrawals
7
 
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
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, long-term income, and living benefit
guarantees 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. If you take a withdrawal, a
Withdrawal Charge may reduce the withdrawal amount that you actually
receive or 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.
What Are the
Risks Associated
with 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 Option) will have its own
unique risks.
●You should review the Investment Options before making an investment
decision.
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 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/our-company.
 
RESTRICTIONS
Location In The
Prospectus
Are There
Restrictions on
the Investment
Options?
Yes.
●The availability of certain Investment Options may vary depending on the
broker-dealer or other financial intermediary through which the Contract
is purchased.
●You are allowed to make 12 transfers between Investment Options per
Contract Year free of charge, after which we reserve the right to charge
$25 per transfer. At least 6 days must elapse between transfers. Your
transfers between Variable Options are subject to policies designed to deter
excessively frequent transfers. These transfer restrictions do not apply to
transfers under the Contract’s automatic transfer programs.
●We reserve the right to remove or substitute Funds as Investment Options.
Variable Account
Options: The
Funds
The Fixed
Account
Transfers Among
the Subaccounts
and the Fixed
Account
Appendix A:
Investment
Options Available
Under the
Contract
8
 
RESTRICTIONS (CONT.)
Location In The
Prospectus
Are There Any
Restrictions on
Contract
Benefits?
Yes. The availability of certain Contract benefits or other features may vary
depending on the broker-dealer or financial intermediary through which the
Contract is purchased.
●If you elected any of the optional benefit riders, your Purchase Payments
and Contract Value allocations are strictly limited to Designated Funds and
must be in compliance with the minimum and maximum aggregate
allocation percentage requirements. We may change these restrictions in
the future.
●Failure to satisfy applicable investment restrictions will result in the
termination of an optional benefit.
●Withdrawals that exceed limits specified by the terms of an optional
benefit may affect the availability of the benefit by reducing the benefit by
an amount greater than the value withdrawn and could terminate the
benefit.
●You may not purchase any additional optional benefits after the Issue
Date.
Benefits Available
Under the
Contract
Optional Living
Benefits
Death Benefit
Appendix B: List
of Designated
Funds and
Other Investment
Restrictions
 
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
Provisions
 
CONFLICTS OF INTEREST
Location In The
Prospectus
How are
Investment
Professionals
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 - INVESTMENT OPTIONS
AVAILABLE UNDER THE CONTRACT
Variable Options
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/246115166?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].  Depending on the optional benefits you choose, you may not be able to invest in certain Funds. See APPENDIX B - LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS.
Please note that there may be variations in Fund availability not included in this Appendix or otherwise described in this Prospectus. Variations may be imposed by some broker-dealers or other financial intermediaries without our knowledge, and given the number and size of the distribution partners through which the Contract is sold, the terms of our current agreements with our distribution partners and the limitations of their administrative systems to track such information, we cannot obtain information about such variations without unreasonable effort or expense. You should discuss with your financial adviser any limitations, restrictions, or other variations related to the Funds available to you.
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
Allocation - Moderate
AB Variable Products Series Fund, Inc.
Balanced Hedged Allocation Portfolio
Class B
AllianceBernstein, L.P.
0.98%1
17.36%
5.64%
6.74%
Equity - US Small Cap
AB Variable Products Series Fund, Inc.
Discovery Value Portfolio
Class B
AllianceBernstein, L.P.
1.07%
2.64%
8.48%
8.27%
Equity - US Large Cap
Growth
AB Variable Products Series Fund, Inc.
Large Cap Growth Portfolio
Class B
AllianceBernstein, L.P.
0.90%
12.85%
11.76%
15.88%
Allocation - Moderate
American Funds Insurance Series®
American Funds® Global Balanced Fund
Class 4
Capital Research and
Management Company
1.01%1
16.96%
5.85%
7.43%
Allocation - Moderate
American Funds Insurance Series®
Asset Allocation Fund
Class 4
Capital Research and
Management Company
0.79%
15.59%
8.70%
9.50%
Equity - Global Large
Cap
American Funds Insurance Series®
EUPAC Fund™2
Class 4
Capital Research and
Management Company
0.97%1
26.41%
3.14%
6.73%
Equity - Global Large
Cap
American Funds Insurance Series®
Global Growth Fund
Class 4
Capital Research and
Management Company
0.90%1
21.34%
7.97%
11.89%
Equity - US Large Cap
Growth
American Funds Insurance Series®
Growth Fund
Class 4
Capital Research and
Management Company
0.83%
19.93%
13.09%
17.67%
Equity - US Large Cap
Blend
American Funds Insurance Series®
Growth-Income Fund
Class 4
Capital Research and
Management Company
0.78%
17.77%
13.62%
13.63%
Equity - Global
Emerging Markets
American Funds Insurance Series®
New World Fund®
Class 4
Capital Research and
Management Company
1.07%1
27.92%
5.06%
8.98%
10
Type
Fund
Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of 12/31/25)
1 Year
5 Year
10 Year
Allocation - Moderate
BlackRock Variable Series Funds, Inc.
BlackRock Global Allocation V.I. Fund
Class III
BlackRock Advisors, LLC /
 BlackRock International
Limited, BlackRock
(Singapore) Limited
1.01%1
19.42%
5.51%
7.33%
Equity - US Mid Cap
Legg Mason Partners Variable Equity Trust
ClearBridge Variable Mid Cap Portfolio
Class II
Franklin Templeton Fund
Advisor, LLC / ClearBridge
Investments, LLC
1.07%
4.08%
4.23%
7.24%
Equity - US Large Cap
Value
Columbia Funds Variable Series Trust II
Columbia Variable Portfolio – Select
Large Cap Value Fund
Class 2
Columbia Management
Investment Advisers, LLC
0.94%
27.97%
13.32%
12.30%
Allocation - Moderate
First Trust Variable Insurance Trust
First Trust/Dow Jones Dividend & Income
Allocation Portfolio
Class I
First Trust Advisors L.P.
1.18%
5.30%
3.98%
6.68%
Equity - US Large Cap
Blend
Goldman Sachs Variable Insurance Trust
Goldman Sachs U.S. Equity Insights Fund
Service Shares
Goldman Sachs Asset
Management, L.P.
0.77%1
15.49%
13.56%
13.48%
Fixed Income - US
AIM Variable Insurance Funds (Invesco
Variable Insurance Funds)
Invesco V.I. Core Plus Bond Fund
Series II
Invesco Advisers, Inc.
0.87%1
6.96%
-0.36%
2.73%
Allocation - Moderate
AIM Variable Insurance Funds (Invesco
Variable Insurance Funds)
Invesco V.I. Equity and Income Fund
Series II
Invesco Advisers, Inc.
0.82%
12.52%
8.68%
8.64%
Allocation - Aggressive
Lazard Retirement Series, Inc.
Lazard Retirement Global Dynamic
Multi-Asset Portfolio
Service Shares
Lazard Asset
Management LLC
1.05%1
15.72%
5.19%
5.93%
Fixed Income - US
Lord Abbett Series Fund, Inc.
Bond Debenture Portfolio
Class VC
Lord, Abbett & Co. LLC
0.98%
8.33%
2.10%
4.72%
Equity - US Small Cap
MFS® Variable Insurance Trust III
MFS® Blended Research® Small Cap
Equity Portfolio
Service Class
Massachusetts Financial
Services Company
0.83%1
5.49%
6.62%
8.82%
Allocation - Cautious
MFS® Variable Insurance Trust III
MFS® Conservative Allocation Portfolio
Service Class
Massachusetts Financial
Services Company
0.95%
9.72%
2.83%
5.43%
Equity - US Large Cap
Blend
MFS® Variable Insurance Trust II
MFS® Core Equity Portfolio
Service Class
Massachusetts Financial
Services Company
1.03%1
12.22%
11.26%
13.53%
Equity - Global Large
Cap
MFS® Variable Insurance Trust II
MFS® Global Growth Portfolio
Service Class
Massachusetts Financial
Services Company
1.13%1
7.43%
6.50%
11.48%
Equity - Real Estate
Sector
MFS® Variable Insurance Trust III
MFS® Global Real Estate Portfolio
Service Class
Massachusetts Financial
Services Company
1.15%1
3.30%
1.08%
4.76%
Allocation - Aggressive
MFS® Variable Insurance Trust III
MFS® Growth Allocation Portfolio
Service Class
Massachusetts Financial
Services Company
1.05%
11.87%
5.93%
8.95%
Equity - US Mid Cap
MFS® Variable Insurance Trust
MFS® Mid Cap Growth Series
Service Class
Massachusetts Financial
Services Company
1.06%1
3.40%
3.03%
11.32%
Allocation - Moderate
MFS® Variable Insurance Trust III
MFS® Moderate Allocation Portfolio
Service Class
Massachusetts Financial
Services Company
0.97%
10.96%
4.55%
7.35%
11
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
MFS® Variable Insurance Trust
MFS® New Discovery Series
Service Class
Massachusetts Financial
Services Company
1.12%1
12.56%
-0.54%
10.46%
Equity - US Small Cap
MFS® Variable Insurance Trust III
MFS® New Discovery Value Portfolio
Service Class
Massachusetts Financial
Services Company
1.13%1
2.88%
8.22%
10.30%
Equity - Technology
Sector
MFS® Variable Insurance Trust II
MFS® Technology Portfolio
Service Class
Massachusetts Financial
Services Company
1.07%1
16.28%
12.17%
18.35%
Fixed Income - US
MFS® Variable Insurance Trust
MFS® Total Return Bond Series
Service Class
Massachusetts Financial
Services Company
0.78%1
6.94%
-0.09%
2.38%
Allocation - Moderate
MFS® Variable Insurance Trust
MFS® Total Return Series
Service Class
Massachusetts Financial
Services Company
0.86%1
10.91%
6.16%
7.36%
US Money Market
MFS® Variable Insurance Trust II
MFS® U.S. Government Money Market
Portfolio3
Service Class
Massachusetts Financial
Services Company
0.45%1
3.85%
2.87%
1.77%
Equity - US Large Cap
Value
MFS® Variable Insurance Trust
MFS® Value Series
Service Class
Massachusetts Financial
Services Company
0.94%1
12.77%
9.69%
9.77%
Allocation - Moderate
Morgan Stanley Variable Insurance Fund,
Inc.
Global Strategist Portfolio
Class II
Morgan Stanley Investment
Management, Inc. / Morgan
Stanley Investment
Management Limited
1.00%1
17.36%
5.21%
6.75%
Equity - US Large Cap
Growth
Morgan Stanley Variable Insurance Fund,
Inc.
Growth Portfolio
Class II
Morgan Stanley Investment
Management, Inc.
0.82%1
35.38%
3.15%
17.46%
Commodities Broad
Basket
PIMCO Variable Insurance Trust
PIMCO CommodityRealReturn®
Strategy Portfolio
Advisor Class
Pacific Investment
Management Company LLC
3.29%1
18.85%
10.47%
6.43%
Fixed Income - Global
PIMCO Variable Insurance Trust
PIMCO International Bond Portfolio
(U.S. Dollar-Hedged)
Advisor Class
Pacific Investment
Management Company LLC
1.19%
3.85%
0.93%
2.78%
Fixed Income - US
PIMCO Variable Insurance Trust
PIMCO Total Return Portfolio
Advisor Class
Pacific Investment
Management Company LLC
0.83%
8.78%
-0.08%
2.26%
Allocation - Moderate
Putnam Variable Trust
Putnam VT George Putnam Balanced
Fund
Class IB
Putnam Investment
Management, LLC / Franklin
Advisers, Inc, Franklin
Templeton Investment
Management Limited
0.88%
13.95%
8.85%
10.17%
Allocation - Moderate
Putnam Variable Trust
Putnam VT Global Asset Allocation Fund
Class IB
Franklin Advisers, Inc. / The
Putnam Advisory Company,
LLC, Putnam Investment
Management, LLC, Franklin
Templeton Investment
Management Limited
1.09%1
14.38%
8.39%
8.43%
Equity - Healthcare
Sector
Putnam Variable Trust
Putnam VT Global Health Care Fund
Class IB
Putnam Investment
Management, LLC / The
Putnam Advisory Company,
LLC, Franklin Advisers, Inc,
Franklin Templeton
Investment Management
Limited
1.00%
15.05%
7.71%
8.36%
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
Putnam Variable Trust
Putnam VT Income Fund
Class IB
Franklin Advisers, Inc. /
 Putnam Investment
Management, LLC, Franklin
Templeton Investment
Management Limited
0.82%
7.25%
-1.13%
1.89%
Equity - US Large Cap
Value
Putnam Variable Trust
Putnam VT Large Cap Value Fund
Class IB
Putnam Investment
Management, LLC / Franklin
Advisers, Inc, Franklin
Templeton Investment
Management Limited
0.79%
20.35%
15.38%
13.30%
Equity - US Large Cap
Blend
Putnam Variable Trust
Putnam VT U.S. Research Fund4
Class IB
Putnam Investment
Management, LLC / The
Putnam Advisory Company,
LLC, Franklin Advisers, Inc,
Franklin Templeton
Investment Management
Limited
0.93%
17.88%
14.52%
15.07%
Fixed Income - US
Legg Mason Partners Variable Income Trust
Western Asset Core Plus VIT Portfolio
Class II
Franklin Templeton Fund
Adviser, LLC / Western Asset
Management Company, LLC,
Western Asset Management
Company Limited, Western
Asset Management Company
Pte. Ltd. in Singapore
0.79%1
7.69%
-1.67%
1.85%
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
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.
4
Prior to May 1, 2026, the name of this fund was Putnam VT Research Fund.
 Fixed Options
The following is the list of the Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below, offer new Fixed Options, and cease offering an existing Fixed Option. We will provide you with written notice before doing so. In the prospectus, see the sections captioned “THE FIXED ACCOUNT” and “THE FIXED ACCOUNT: FIXED OPTIONS”, the sub-section captioned “Dollar-Cost Averaging“ under the “Other Programs” section in “THE ACCUMULATION PHASE” and the “Dollar-Cost Averaging” section of the table in “BENEFITS AVAILABLE UNDER THE CONTRACT” for more information. 
Name
Term
Minimum Guaranteed Interest Rate
Guarantee Period
One (1) Year
1%
Dollar-Cost Averaging
6 Months and 12 Months
1%
You can find out about our current Guaranteed Interest Rates by calling us at (800) 374-3714.
13
APPENDIX B -LIST
OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS
If you own any of the optional benefit riders listed below, your Contract is subject to investment restrictions that limit the Investment Options that are available to you:
●
GLWB
●
HAV Death Benefit
●
ROP Death Benefit
If you violate the investment restrictions applicable to your benefit, your benefit will terminate automatically.
Investment Restrictions
If you elected a GLWB, HAV Death Benefit, and/or ROP Death Benefit rider, you may not allocate Purchase Payments to the Fixed Options (DCA Program and Guarantee Periods) and you may not transfer Contract Value to a Guarantee Period.
If you own any of these optional benefit riders, only the Funds that we have designated as “Designated Funds” are available for investment. We limit the number and type of available Designated Funds and impose minimum and maximum allocation requirements for each Designated Fund category in our sole discretion. Currently, the Designated Funds and four category aggregate allocation percentages, are the following: 
Categories
Minimum/Maximum Aggregate
Allocation Percentages
Designated Funds
Category I
Minimum 20%
maximum 100%
American Funds Insurance Series®, Asset Allocation Fund
BlackRock Global Allocation V.I. Fund
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Invesco V.I. Core Plus Bond Fund
Lord Abbett Series Fund, Bond Debenture Portfolio
MFS® Conservative Allocation Portfolio
MFS® U.S. Government Money Market Portfolio
MFS® Total Return Bond Series
PIMCO Total Return Portfolio
PIMCO International Bond Portfolio (U.S. Dollar-Hedged)
Putnam VT Income Fund
Legg Mason Partners Variable Income Trust, Western Asset Core Plus
VIT Portfolio
Category II
Minimum 0%
maximum 80%
AB Balanced Hedged Allocation Portfolio
AB Large Cap Growth Portfolio
American Funds Insurance Series®, Global Balanced Fund
American Funds Insurance Series®, Global Growth Fund
American Funds Insurance Series®, Growth Fund
American Funds Insurance Series®, Growth-Income Fund
Columbia Variable Portfolio - Select Large Cap Value Fund
Goldman Sachs V.S. Equity Insights Fund
Invesco V.I. Equity and Income Fund
Lazard Retirement Global Dynamic Multi-Asset Portfolio
MFS® Core Equity Portfolio
MFS® Global Growth Portfolio
MFS® Growth Allocation Portfolio
MFS® Moderate Allocation Portfolio
MFS® Total Return Series
MFS® Value Series
Morgan Stanley Variable Insurance Fund, Inc., Global Strategist
Portfolio
14
Categories
Minimum/Maximum Aggregate
Allocation Percentages
Designated Funds
 
 
Putnam VT Large Cap Value Fund
Putnam VT George Putnam Balanced Fund
Putnam VT Global Asset Allocation Fund
Putnam VT U.S. Research Fund
Category III
Minimum 0%
maximum 25%
AB Discovery Value Portfolio
American Funds Insurance Series®, EUPACTM Fund
American Funds Insurance Series®, New World Fund®
Legg Mason Partners Variable Equity Trust, ClearBridge Variable Mid
Cap Portfolio
MFS® Blended Research® Small Cap Equity Portfolio
MFS® Mid Cap Growth Series
MFS® New Discovery Series
MFS® New Discovery Value Portfolio
Morgan Stanley Variable Insurance Fund, Inc., Growth Portfolio
Category IV
Minimum 0%
maximum 10%
MFS® Technology Portfolio
MFS® Global Real Estate Portfolio
PIMCO Commodity Real Return® Strategy Portfolio
Putnam VT Global Health Care Fund
You may transfer funds within the categories as long as your allocations remain within the percentage ranges we have established and may change from time to time, and you adhere to the transfer provisions of your Contract. (See “Transfers Among the Subaccounts and the Fixed Account” and “Restrictions on Frequent Transfers.”)
15
The prospectus and statement of additional information (“SAI”) dated June 30, 2026, include additional information. The prospectus and SAI are incorporated by reference into this Updating Summary Prospectus. You can request the prospectus and SAI, or other information at no cost at https://dfinreports.com/delawarelife, or by calling (800) 477- 6545, option 2 or by sending an email request to [email protected]. The prospectus and SAI are also available on our website at https://dfinview.com/DelawareLife/TAHD/246115166?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. C000204561
16

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