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LOUISVILLE, Ky .– (COMMERCIAL THREAD) – DPL Financial Partners (“DPLâ€), the leading turnkey insurance platform for Registered Investment Advisors (“RIAâ€), today announced the launch of a single, commission-free indexed annuity ( RILA) which combines different levels of protection against market risk when accumulating with guaranteed income options for investors. Currently, Allianz Index Advantage Income ADVâ„ Variable Annuity is the only RILA in the advisory market to offer a Lifetime Withdrawal Guarantee.
The The Allianz Index Advantage Income ADVâ„ variable annuity, from Allianz Life Insurance Company of North America (Allianz Life), is now available on DPL’s platform for registered investment advisers. Investors in the annuity product and its related income benefit rider1 can choose from a range of credit methods (also called index strategies) with varying levels of protection against market downturns; and income features that provide a lump sum payment or offer the potential to increase over time, thereby potentially addressing the impact of inflation. The product allows advisors to bill directly from the annuity rather than having to withdraw their fees from a separate account.
“This product is a welcome addition to the DPL platform because it addresses two investor concerns that we hear a lot about today,†said David Lau, Founder and CEO of DPL. “First, the desire to participate in market gains while mitigating some of the risk in the portfolio, and second, the concern about the potential impact of inflation on their retirement income. Allianz asked our members what is important to them in a RILA product; they will appreciate the downward customization options, the revenue boost feature, and the ability to charge their fees.
Investor demand for RILAs has been strong, with flows up 104% year-on-year in the first half of 2021 according to LIMRA.
“As part of our extensive product innovation process, we spoke with DPL members to gather direct feedback on product design, fee billing needs, and integration requirements,†said Heather Kelly, Senior Vice President of Consulting and Strategic Accounts at Allianz Life. “Given market conditions and the continued need to protect against the many risks associated with retirement, we believe this product offers tremendous value to the consumer, while meeting the unique needs of the RIA business model. ”
About DPL Financial Partners
DPL Financial Partners is the first and leading RIA turnkey insurance management platform that brings commission-free insurance solutions from a variety of the nation’s top carriers to RIA practices. DPL has created a market for commission-free insurance products that allows RIAs to integrate insurance and annuities into their practices in order to serve their clients more holistically. Customers benefit from products that offer competitive pricing and fiduciary implementation rather than ordered and sales-driven products. www.dplfp.com
1 A 0.25% Product Fee and 0.70% Income Advantage Rider Fee are accrued daily and deducted on each Quarterly Contract Anniversary, calculated as a percentage of the Contract Value. The income benefit rider is automatically included in the contract in question and cannot be deleted.
The guarantees are backed by the financial strength and claims-settling capacity of the issuing company and do not apply to the performance of the variable sub-accounts, which fluctuate according to market conditions.
The products are issued by Allianz Life Insurance Company of North America and are distributed by its subsidiary, Allianz Life Financial Services, LLC, FINRA member, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. (L40538-IADV)
Neither Allianz Life Insurance Company of North America nor Allianz Life Financial Services, LLC are affiliated with DPL Financial Partners
For more complete information on the Allianz Index Advantage Income ADVSM variable annuity, call your financial professional or Allianz Life Financial Services, LLC at 800.624.0197 to obtain a prospectus on the variable annuity and the variable option. The prospectuses contain details about the investment objectives, risks, fees and expenses, as well as other information about the variable annuity and the variable option, which you should consider carefully. Please read the prospectuses carefully before sending money.
As with any investment vehicle, variable index annuities are subject to risk, including possible loss of capital. Investment returns and capital fluctuate with market conditions, so the values ​​of contracts, upon distribution, may be worth more or less than the original cost.
Product and feature availability may vary by state and broker / dealer.
• Not FDIC insured • May lose value • No bank or credit union guarantees • No deposit • Not insured by any federal government agency or NCUA / NCUSIF
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