Form 497VPU DELAWARE LIFE VARIABLE

June 30, 2026 4:50 PM EDT
UPDATING SUMMARY PROSPECTUS
REGATTA GOLD VARIABLE ANNUITY
Issued By
DELAWARE LIFE INSURANCE COMPANY
June 30, 2026
The Regatta Gold Variable Annuity (the “Contract”) is a flexible payment deferred variable annuity contract. Delaware Life Insurance Company (the”Company”) offers the Contract through personal retirement and deferred compensation plans. 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/866793607?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/866793607?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/866793607?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].
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:
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 365 days (366, if a leap year) from the date on which we issued your Contract. Your Account Anniversary is the last day of an Account Year. Each Account Year after the first is the 365-day period that begins on your Account Anniversary.
ANNUITANT: The person or persons to whom the first annuity payment is made. If either Annuitant dies prior to the Annuity Commencement Date, the surviving Annuitant will become the sole Annuitant.
ANNUITY COMMENCEMENT DATE: The date on which the first annuity payment under each Contract is to be made.
APPLICATION: The document signed by you or other evidence acceptable to us that serves as your application for participation under a Group Contract or purchase of an Individual Contract.
BUSINESS DAY: Any day the New York Stock Exchange is open for trading. Also, any day on which we make a determination of the value of a Variable Accumulation Unit.
CERTIFICATE: The document for each Participant which evidences the coverage of the Participant under a Group Contract.
COMPANY (“WE”, “US” “DELAWARE LIFE”): Delaware Life Insurance Company, which is subject to state supervision. It is the depositor of the Variable Account in which the Contract operates.
CONTRACT: Any Individual Contract, Group Contract, or Certificate issued under a Group Contract.
DOLLAR-COST AVERAGING (or “DCA”) PROGRAM: A Fixed Option you may elect when you make a Purchase Payment during the Accumulation Phase of your Contract. When you elect the DCA Program, your Purchase Payment is allocated initially to the Fixed Account, then reallocated, at regular time intervals over a specified time period, to one or more of the Investment Options we make available in connection with the program. If you have elected an optional living benefit, your ability to make Purchase Payments into the DCA Program may be limited.
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.
FIXED ACCOUNT VALUE: The value of that portion of your Account allocated to the Fixed Account.
FIXED OPTION: An Investment Option that is part of the Fixed Account. Guarantee Periods and the Dollar-Cost Averaging (or “DCA”) Program are Fixed Options. A Fixed Option will earn interest at a rate specified by the Company, subject to a minimum guaranteed rate under the Contract.
FUND: A registered management investment company, or series thereof, in which assets of a Sub-Account may be invested.
GROUP CONTRACT: A Contract issued by the Company on a group basis.
3
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.
INDIVIDUAL CONTRACT: A Contract issued by the Company on an individual basis.
INVESTMENT OPTION: A Fixed Option and/or Variable Option, as applicable, under the Contract.
ISSUE DATE: The date the Contract becomes effective which is the date we apply your initial Net Purchase Payment to your Account and issue your Contract.
NET PURCHASE PAYMENT: The portion of a Purchase Payment which remains after the deduction of any applicable premium tax or similar tax.
OWNER: The person, persons or entity entitled to the ownership rights stated in a Group Contract and in whose name or names the Group Contract is issued. The Owner may designate a trustee or custodian of a retirement plan which meets the requirements of Section 401, Section 408(c), Section 408(k), Section 408(p) or Section 408A of the Internal Revenue Code to serve as legal owner of assets of a retirement plan, but the term “Owner,” as used herein, shall refer to the organization entering into the Group Contract.
PARTICIPANT: In the case of an Individual Contract, the owner of the Contract. In the case of a Group Contract, the person named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract, except as reserved by the Owner.
PURCHASE PAYMENT (PAYMENT): An amount paid to the Company as consideration for the benefits provided by a Contract.
SERVICE ADDRESS: P.O. Box 758581, Topeka, KS 66675-8581 or such other address as we may hereafter specify to you by written notice.
SUB-ACCOUNT: That portion of the Variable Account which invests in shares of a specific Fund. A Sub-Account is also known as a Variable Option in the prospectus
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: Variable Account F of the Company, 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 used in the calculation of Variable Account Value.
VARIABLE ACCOUNT VALUE: The value of that portion of your Account allocated to the Variable Account.
VARIABLE OPTION: An Investment Option that is a Sub-Account of the Variable Account. A Sub-Account is that portion of the Variable Account that invests in shares of a specific Fund.
YOU and YOUR: The terms “you” and “your” refer to “Owner,” “Participant,” and/or “Covered Person” as those terms are identified in the Contract.
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
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 – 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 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 early 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
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 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 you have elected.
Fee Table -
Transaction
Expenses
Contract Charges
Benefits Available
Under the
Contract
Appendix A –
Investment
Options Available
Under the
Contract
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:
$1,588
Highest Annual Cost:
$2,793
 
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
6
 
RISKS
Location In The
Prospectus
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
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 in which
the Variable Options invest).
●Each Investment Option (including any Fixed 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 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.
Principal Risks of
Investing in the
Contract
The Variable
Account
The Fixed
Account
 
RESTRICTIONS
Location In The
Prospectus
Are There
Restrictions on
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 Variable
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 offered through the
Variable Options.
The Variable
Account
Options: The
Trusts
The Fixed
Account
Transfer Privilege
Appendix A –
Investment
Options Available
Under the
Contract
Are There Any
Restrictions on
Contract
Benefits?
N/A. The Contract does not offer optional benefits.
 
7
 
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
 
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.
8
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/866793607?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%
9
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 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
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.
 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 OPTIONS: THE GUARANTEE PERIODS”, the sub-section captioned “Dollar-Cost Averaging (or “DCA”) Program“ 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. 
10
Name
Term
Minimum Guaranteed Interest Rate
Guarantee Period
One (1) Year
3% (4% if Contract purchased
before November 1, 1994)
Dollar-Cost Averaging (or ”DCA”) Program
6 Months and 12 Months
3% (4% if Contract purchased
before November 1, 1994)
You can find out about our current Guaranteed Interest Rates by calling us at (877) 253-2323.
11
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, or by sending an email request to [email protected]. You can also access the prospectus, SAI and other information about the Contract online at https://dfinview.com/DelawareLife/TAHD/866793607?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
12

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