DPL Teams With Transamerica; Adds Low-cost Variable Annuity With Several Living Benefit Options
May 12 2020 - 8:57AM
Business Wire
RIA network adds carrier’s commission-free I-Share VA featuring
dozens of investment options from leading investment managers
DPL Financial Partners (“DPL”), the leading insurance network
for registered investment advisors (“RIAs”), today announced an
agreement with Transamerica to offer the insurer’s I-Share variable
annuity to DPL’s 800 RIA member firms. The annuity features
subaccount options from leading investment managers in equity,
fixed-income and alternatives, along with several living benefits
expected to appeal to fee-only advisors and their clients.
“Recent market volatility has exposed vulnerabilities in
investment-only portfolios, so advisors are looking for products
that can bring some protection and security to their clients,” said
DPL Founder and CEO David Lau. “Transamerica’s I-Shares variable
annuity offers clients market participation with several principal
protection options, as well as the ability to create guaranteed
income. This is exactly the type of solution our members have been
seeking in this volatile market,” he concluded.
“We know fee-only advisors are increasingly embracing annuity
products and view the space as a natural opportunity to expand our
accessibility in the market. We’re excited to work with DPL to
bring the Transamerica Variable Annuity I-Share to their large and
fast-growing network of RIA firms,” said Joe Boan, Senior Managing
Director, Wholesale Distribution and Marketing of Individual
Solutions for Transamerica.
In addition to its investment options from some of the
industry’s top managers such as American Funds, BlackRock, T. Rowe
Price and Janus, the annuity’s optional living benefits provides
the opportunity to lock in account value annually, based on the
highest monthly policy value (versus quarterly or annually), as
well as several other living benefit riders with customizable
features. DPL will begin offering the product on its platform in
mid-May 2020.
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 marketplace of no-load insurance
products that enables RIAs to incorporate insurance and annuities
into their practice to more holistically serve their clients.
Clients benefit from products with improved pricing and fiduciary
implementation rather than a commissioned, sales-driven one.
www.dplfp.com
About Transamerica
With a history that dates back more than 100 years, Transamerica
is recognized as a leading provider of life insurance, retirement
and investment solutions, serving millions of customers throughout
the United States. Recognizing the necessity of health and wellness
during peak working life, Transamerica’s dedicated professionals
work to help people take the steps necessary to live better today
so they can worry less about tomorrow. Transamerica serves nearly
every customer segment, providing a broad range of quality life
insurance and investment products, individual and group pension
plans, as well as asset management services. In 2019, Transamerica
fulfilled its promises to customers, paying more than $50 billion
in insurance, retirement, and annuity claims and benefits,
including return of annuity premiums paid by the customer.
Transamerica’s corporate headquarters is located in Baltimore,
Maryland, with other major operations in Cedar Rapids, Iowa.
Transamerica is part of the Aegon group of companies. Based in the
Netherlands, Aegon is one of the world’s largest providers of life
insurance, pension solutions and asset management products,
operating in more than 20 markets worldwide. For the full year of
2019, Aegon managed over $1 trillion in revenue generating
investments. For more information, please visit
www.transamerica.com.
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