Form 497VPU DELAWARE LIFE VARIABLE
SUPPLEMENT DATED NOVEMBER 10, 2025
TO
PROSPECTUSES AND UPDATING SUMMARY PROSPECTUSES
EACH DATED MAY 1, 2025, FOR
LARGE CASE VARIABLE UNIVERAL LIFE INSURANCE
ISSUED BY DELAWARE LIFE INSURANCE COMPANY
DELAWARE LIFE VARIABLE ACCOUNT G
ISSUED BY DELAWARE LIFE INSURANCE COMPANY
DELAWARE LIFE VARIABLE ACCOUNT G
This Supplement supersedes and replaces the supplement dated October 20, 2025, to the
above-referenced Prospectuses.
This supplement provides important information regarding the following three investment options (collectively, the “Funds”) available under your Policy:
|
1.
|
Delaware VIP® Trust:
Macquarie VIP Small Cap Value Series
|
|
2.
|
Lincoln Variable Insurance Products Trust: LVIP
Macquarie SMID Cap Core Fund
|
|
3.
|
Lincoln Variable Insurance Products Trust: LVIP Macquarie U.S. REIT Fund
|
On April 21, 2025, Macquarie Group Limited, together with certain affiliates, and Nomura Holding America Inc. ("Nomura"), announced that they had entered
into an agreement for Nomura to acquire Macquarie Asset Management's US and European public investments business. The transaction is anticipated to close on or about December 1, 2025 (the “Closing Date”). As summarized in the table below, the Funds’
names will change on the Closing Date, and some of the Funds’ investment advisory arrangements will change as well.
|
FUND NAME
|
INVESTMENT MANAGEMENT ARRANGEMENT
|
||
|
Current
|
On Closing Date
|
Current
|
On Closing Date
|
|
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
|
For more information about the transaction and its effects, please refer to the Funds’ prospectuses.
THE POLICY REFERENCED IN THIS SUPPLEMENT IS NO LONGER FOR SALE
PLEASE RETAIN THIS SUPPLEMENT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE
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