DPL Financial Partners, an insurance network for RIAs, has partnered with Security Benefit Life Insurance Co. to launch a fixed index annuity that reflects input from DPL’s RIA members. The annuity, called ClearLine, is commission-free, like all DPL products, and offers downside protection in exchange for limited upside gains. An income rider is optional and can be added at any time for an additional 50 basis points. Payouts start at age 55, rising at a rate of 2% each year. There is no surrender fee after seven years.

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