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Reporting ordinary income from the sale of partnership interest involves identifying any gain realized from the sale. You will typically report the income on your tax return, classifying it based on the nature of the sale. It can be beneficial to consult a tax professional to ensure proper reporting, especially if you use a Sale of LLC interest form during the sale process. Accurate reporting helps avoid potential legal issues and tax complications.
Founded in 1970, Delaware Life is based in Waltham, Massachusetts. Formed as a separate subsidiary, Delaware Life Insurance Company came later in 2013 and is held as a member of Group One Thousand One, LLC.
Protection, and guaranteed income Pinnacle MYGA® is an insurance product that is designed to help you meet your long-term retirement needs. It is a simple, steady, guaranteed way to build retirement savings without the risk of investing in stocks, bonds, or mutual funds.
Delaware Life receives a rating of A- (Excellent) from AM Best. It is not the highest score available, but it is still an above-average score that denotes financial reliability.
Our Story. Delaware Life was founded in 2013 and is a proud subsidiary of Group 1001. As of April 2023, we crossed $20B in cumulative annuity sales, and we're gearing up to hit more milestones. At our core, we specialize in retirement services and helping people achieve their long-term financial goals.
Nassau Financial Group, L.P. has successfully completed the acquisition of Delaware Life Insurance Company of New York (DLNY) from Delaware Life Insurance Company, a subsidiary of Group 1001.
Headquartered in Waltham, MA., Delaware Life was founded in 2013 and is a proud subsidiary of Group 1001. Deep-rooted in annuities, we have recently passed $20B in cumulative annuity sales. We offer highly flexible, practical FA, FIA, and VA products to help save for retirement.
Delaware Life was acquired by Group One Thousand One, LLC ("Group1001") (formerly known as Delaware Life Holdings, LLC) from Sun Life Financial Inc. in August 2013. Since then, Delaware Life has launched seven annuities under the Delaware Life name, with more than $9 billion of total sales.