497 1 flex.htm

SUPPLEMENT DATED OCTOBER 4 , 2021
TO
PROSPECTUSES DATED APRIL 30, 2021
FOR MASTERS CHOICE, MASTERS CHOICE II, MASTERS EXTRA, MASTERS FLEX AND MASTERS FLEX II




PROSPECTUSES DATED APRIL 29, 2011
FOR MASTERS ACCESS AND MASTERS EXTRA II



ISSUED BY DELAWARE LIFE INSURANCE COMPANY
VARIABLE ACCOUNT F


This supplement contains information about the Rational Insider Buying VA Fund (the “Fund”) that is available as an investment option under your Contract. The Board of Trustees of the Fund and Variable Insurance Trust has approved a plan to close the Fund and redeem all outstanding shares on or about November 30, 2021 (the “Liquidation Date”).
If you currently have Account Value allocated to the Rational Insider Buying Sub-Account (the “Liquidating Sub-Account”), then effective immediately, a single transfer of that allocation to any other Sub-Account available under your Contract, or to the Fixed Account, if available, will not count against the contractual transfer limitations. If you participate in an optional living benefit, any transfer to a non-Designated Fund may cancel that benefit. You can request copies of fund prospectuses for the other available Sub-Accounts by calling us at (877) 253-2323 or access them via the customer documentation center on our web site at www.delawarelife.com/solutions.

As of the close of business on the Liquidation Date, any Variable Account Value remaining in the Liquidating Sub-Account will be automatically transferred to the MFS U.S. Government Money Market Portfolio Sub-Account. This automatic transfer will not count against the contractual transfer limitations. If you submit a new purchase payment on or after the Liquidation Date and your standing allocation instructions include the Liquidating Sub-Account, the purchase payment will be rejected and returned to you.  You may contact us at any time to update your standing allocation instructions, or you may submit new allocation instructions with your new purchase payment.

After the Liquidation Date, any Dollar-Cost Averaging, Portfolio Rebalancing or automatic investment programs that have not been changed to replace the Liquidating Sub-Account will continue with the MFS U.S. Government Money Market Portfolio Sub-Account as the replacement.


THE CONTRACTS  REFERENCED IN THIS SUPPLEMENT ARE NO LONGER FOR SALE.

PLEASE RETAIN THIS SUPPLEMENT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.