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DPL launches MYGA Marketplace

A MYGA, or Multi-Year Guaranteed Annuity, is a simple product that offers a guaranteed rate of return over a fixed period of time, ranging from 3 to 10 years.  In this video DPL's Founder and CEO, David Lau, announces DPL's first ever Commission-Free MYGA Marketplace and explains which clients would benefit from using a MYGA.

What MYGA options are available on DPL's platform?

DPL offers advisors a suite of MYGA products, with durations ranging from three to ten years, and rates of return based on initial premium.

Is it possible to get money back before the product duration is over?

In order to provide competitive guaranteed rates of return, MYGAs require duration and encourage clients remain invested via surrender schedules and market value adjustments. However, all options in DPL's MYGA Marketplace offer some amount of annual penalty-free withdrawal.

What are the primary uses of a MYGA?

MYGAs can be used to protect principal while still providing a competitive rate of return. MYGAs can be useful for conservative clients wanting a to earn higher returns than a cash allocation, or for clients dissatisfied with current interest rates in comparable fixed income instruments.

How does a MYGA work?

A MYGA works similarly to a CD in that it provides a guaranteed rate of return for a specified duration. Like CDs, rates vary based on the amount invested and product duration.