The insurance network for registered investment advisors, DPL Financial Partners, has just announced an exclusive agreement with Security Benefit Life Insurance Company to offer a four-year version of Security Benefit’s Advanced Choice Fixed Annuity to RIAs across the country. According to a recent press release, Advanced Choice is a multi-year guaranteed rate annuity (MYGA) product, and it will only be offered commission-free through DPL.
“With volatility in the market and people moving to safe investments, advisors would have a difficult time finding a bond with yields that pay as well as this MYGA,” said DOL Founder and CEO David Lau. “Security Benefit has been serving the RIA market for more than fifteen years and has strong fixed annuity expertise. We are excited to help them bring this new product to market for fee-only advisors and their clients.”
“We believe a traditional fixed annuity can be a core product offering for fee-only advisors who are looking to provide a reliable fixed income rate for their clients,” added Doug Wolff, President of Security Benefit. “This MYGA delivers a very competitive four-year rate and Security Benefit is pleased to make it available to RIAs through DPL.”
The product, which is available now, can be purchased as an IRA, Roth IRA, 403(b) rollover or non-qualified contract.
DPL Financial Partners is an RIA insurance network specializing in bringing low-cost commission-free insurance solutions form a variety of the nation’s top carriers to RIA practices. Security Benefit Life Insurance Company is a Kansas-based insurance company that has been in business for more than 126 years and is a leader in the U.S. retirement market. For more information on this annuity or any other annuity product, contact AnnuityFYI at 1-866-223-2121, or email us at firstname.lastname@example.org.
Written by Rachel Summit