Aspida Advisory MYGA provides a competitive short-term alternative to bank CDs
LOUISVILLE, KY, October 05, 2022 /24-7PressRelease/ — DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisors, announced today that it has added new multi-year guaranteed annuity (MYGA) options from Aspida Life Insurance Company (“Aspida”) to its MYGA Marketplace. The Aspida Advisory MYGA includes the first two-year duration on a MYGA product available through DPL’s suite of commission-free MYGAs.
“We’ve seen growing demand for no-load MYGAs since launching our MYGA Marketplace almost 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 can typically be achieved with a comparable CD or government bond. We are now able to offer our members durations from two to 10 years on these compelling fixed annuity products and expect this will drive even further interest. It’s great to have Aspida on board.”
Aspida’s offerings in the Marketplace 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 short-term interest rate volatility.
“In developing the Aspida Advisory MYGA with DPL, we strategically looked at both the market climate and client needs,” said Aspida Chief Distribution Officer Chad Burns. “We wanted to develop a fixed annuity product that could add stability to a well-rounded retirement portfolio, both for individuals looking for a shorter duration and for those seeking more standard annuity terms. We think our Aspida Advisory MYGA does just that by offering a secure, low-risk way to grow tax-deferred money for retirement.”
More information about DPL’s MYGA marketplace can be found here.
About DPL Financial Partners
DPL Financial Partners is the leading commission-free insurance marketplace that brings solutions from a variety of the nation’s top carriers to registered investment advisors (RIAs) and their clients. DPL’s products, proprietary tools and embedded technology enable RIAs to incorporate insurance and annuities into their practices to more holistically serve their clients. Clients benefit from products that offer competitive pricing and fiduciary implementation rather than commissioned, sales-driven ones.www.dplfp.com
Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the U.S. 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 leveraging technology and agility to help clients achieve – 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 its clients’ financial security while driving its growth by doing good for the communities it serves. Aspida is an indirect subsidiary of Ares Management Corporation. For more information, please visit www.aspida.com or follow them on LinkedIn, Facebook or Instagram.
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