DPL Financial Partners named WealthManagement.com Industry Awards Finalist for Designing Innovative Fee-Friendly Annuity for Income and Personal Care

    LOUISVILLE, KY, July 27, 2021 /24-7PressRelease/ -- DPL Financial Partners ("DPL"), the leading turnkey insurance platform for registered investment advisors ("RIAs"), has been named a 2021 WealthManagement.com Industry Awards finalist for the Commission‑free Fixed Index Annuity with Health‑Activated Income Multiplier, Capital Income, created in partnership with Midland National® Life Insurance Company (Midland National). The finalist nomination is in the Insurance: Service category, which honors initiatives that improve advisors' understanding, usage, and management of insurance in their practices.

"The Capital Income Fixed Index Annuity is a great example of how DPL works with carriers to bring value-driven, differentiated solutions to market for RIAs and their clients," said DPL Founder and CEO David Lau. "By partnering with Midland National, we are able to provide an innovative tool for fiduciary advisors to help address the challenge of planning for personal care costs. We are proud to be included among this year's finalists and to be recognized for our efforts to drive innovation that empowers advisors to better meet clients' needs."

The Commission‑free Fixed Index Annuity with Health‑Activated Income Multiplier has all the features of a competitive, modern fixed index annuity, and includes a rider that can double income payments for up to five years if the policyowner is unable to perform certain Activities of Daily Living (ADLs).

"Registered Investment Advisors seek to solve the changing income needs of their clients," said Rob TeKolste, president of Sammons Independent Annuity Group, a division of Midland National. "A commission-free, fixed index annuity with an income rider and a health-activated income benefit feature is a great solution; we are delighted that our combined effort to bring this innovative product to market for RIAs is being recognized."

The awards program, known as the "Wealthies," celebrates the companies, individuals and organizations that demonstrate outstanding achievement in support of financial advisor success. In its seventh year, the program expanded to include more than 100 firm and individual categories. Winners will be announced Sept. 9.

A list of finalists can be found here.

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 commission-free insurance products that enables 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

About Midland National Life Insurance Company

For more than 115 years, Midland National® Life Insurance Company (Midland National) has been an industry leader, crediting the company's strength to its commitment to stability, innovation, and dedicated customer service. Midland National is accredited by the Better Business Bureau, and has earned an A+ (Superior) rating from A.M. Best, a large third-party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance, and ability to meet its ongoing obligations to policyowners. This rating is the second highest out of 15 categories and was affirmed by A.M. Best for Midland National as part Sammons® Financial Group, Inc. on Aug. 19, 2020.

Founded as Dakota Mutual Life Insurance Company in 1906, Midland National has protected families and preserved legacies for generations. Midland National is one of the leading insurance companies in the United States. Midland National is a member of Sammons Financial Group, a subsidiary of Sammons Enterprises, Inc. With its annuity division in West Des Moines, Iowa, and its life insurance operations in Sioux Falls, South Dakota, Midland National operates in 49 states and the District of Columbia through its 12,000 licensed sales professionals. For more information, click here.

# # #