DPL Expands Commission-Free MYGA Marketplace with New Carrier and First Two-Year Offering
LOUISVILLE, KY, Oct. 05, 2022 /24-7PressRelease/ — DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisers, today announced that it has added new Multi-Year Guaranteed Annuity Options (MYGA) from Aspida Life Insurance Company (“Aspida”) on its MYGA marketplace. The Aspida Advisory MYGA includes the first two-year term on a MYGA product available through the MYGA suite without DPL commission.
“We have seen a growing demand for no-load MYGAs since we launched our MYGA Marketplace nearly two years ago,” said DPL Founder and CEO David Lau. “Aspida’s two-year Advisory MYGA offers a safe, short-term solution for clients seeking better returns than typically achieved with a CD or comparable government bond. We are now able to offer our members terms of two to 10 years on these attractive fixed annuity products and we hope this will generate even more interest. It’s great to have Aspida on board.
Aspida’s offerings in the market include three-, five-, and seven-year MYGAs, as well as the two-year version. The shorter duration may be attractive to advisors and clients concerned about volatility in short-term interest rates.
“In developing Aspida Advisory MYGA with DPL, we strategically considered both market sentiment and customer needs,” said Chad Burns, Chief Distribution Officer of Aspida. “We wanted to develop a fixed annuity product that could add stability to a well-balanced retirement portfolio, both for people looking for a shorter duration and for those looking for more standard annuity terms. We believe our Aspida Advisory MYGA does just that by providing a safe, low-risk way to grow tax-deferred money for retirement.
For more information on DPL’s MYGA marketplace, click here.
About DPL Financial Partners
DPL Financial Partners is the leading commission-free insurance marketplace offering solutions from a variety of the nation’s top carriers to Registered Investment Advisors (RIAs) and their clients. DPL’s products, proprietary tools and integrated technology enable RIAs to integrate insurance and annuities into their practices to serve their clients more holistically. Customers benefit from products that offer competitive pricing and fiduciary implementation rather than commissioned, sales-driven products. www.dplfp.com
Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the United States and Bermuda with total assets of 4.4 billion as of June 30, 2022. Aspida, through its U.S. platform, Aspida Life Insurance Company, is focused on technology and agility to help customers realize — and protect — their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions. Aspida seeks to be a trusted partner in the financial security of its customers while stimulating its growth by doing good in the communities it serves. Aspida is an indirect subsidiary of Ares Management Corporation. For more information, visit www.aspida.com or follow them on LinkedIn, Facebook or Instagram.
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