Oct. 5, 2022
Aspida Life Insurance Company (“Aspida”), a life insurance and annuity company, announced its partnership today with DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisors, in the distribution of its new Aspida Advisory Multi-Year Guaranteed Annuity (MYGA).
The Aspida Advisory MYGA is a single premium deferred fixed multi-year guaranteed annuity that offers multiple durations of two-, three-, five- and seven-years to help advisors address the needs of their clients and the changing markets.
“The Aspida Advisory MYGA is an effective and easy-to-understand option for clients looking for a better return on their time deposits than they can typically achieve with a comparable CD or government bond,” said DPL Founder and CEO, David Lau. “The Aspida products were natural additions to our online marketplace given the growing popularity of MYGAs.”
This new product offering features the first ever two-year duration product available through DPL’s suite of commission-free annuities. As designed, the shorter duration may be compelling for advisors and clients concerned with 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’s 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.”
The Aspida Advisory MYGA, combined with Aspida’s cutting-edge, client-centered platform and DPL’s best-in-class support, can help clients meet their financial goals and protect their retirement dreams. More information about the Aspida Advisory MYGA can be found here.
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.
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. DPL Financial Partners.