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Annuities are the most efficient means of generating retirement income, and perhaps the only way to mitigate longevity risk. Commission-Free annuities can quickly outperform fixed income in generating retirement income, and provide payouts long after fixed income portfolios would be depleted. Use our Guaranteed Income tool to see how a no-load annuity can address your clients' retirement income needs.

The benefits of Commission-Free annuities for guaranteed income
Fixed Income Allocation

Academic research shows Commission-Free annuities can generate income 40% more efficiently than bonds.

Downside Protection

Commission-Free annuities can help protect assets from market volatility while providing upside potential.

Sequence of Returns Risk Mitigation

Annuities can provide guaranteed income, helping clients maintain their lifestyles as they enter retirement.

Jonathan Barth
Why Annuities Are the New "Plan A"

DPL Consultant Jonathan Barth examines why advisors are using annuities — not bonds or cash — to complement equities and help improve portfolio performance for their clients.

Why stocks and annuities are the new "Plan A"

DPL's Jonathan Barth explains why stocks and bonds are no longer the best solution for clients who want to de-risk their portfolio and why using both investments and Commission-Free insurance can provide the best value for clients. 

Type Carrier Name Sort descending Rating DPL Insights
Multi-Year Guaranteed Annuity Security Benefit Advanced Choice A-

Provides a 4-year guaranteed interest rate, with no surrender charge


Multi-Year Guaranteed Annuity MassMutual Ascend Advantage 5℠ Advisory A++

MYGA with 5-year duration and $50K minimum investment

Variable Annuity Ameritas Advisor No-Load VA A

Offers Vanguard and DFA funds and includes ROP

Multi-Year Guaranteed Annuity Corebridge Financial American Pathway Advisory A

MYGA with 3, 5, and 7-year durations, three rate bands based on premium, and MVA

Multi-Year Guaranteed Annuity Aspida Aspida Advisory MYGA A-

MYGA with multiple durations, including a 2 year option for shorter-term investment

Fixed Annuity Corebridge Financial Assured Edge® Advisory A

7-year fixed annuity with a GLWB

Fixed Index Annuity Security Benefit ClearLine A-

Provides access to exclusive Avantis Barclays VC Index. No surrender charge

Variable Annuity Security Benefit EliteDesigns® A-

Exclusion ratio applied on withdrawals without annuitization

Multi-Year Guaranteed Annuity American Life Fee-Based MYGA B++

MYGA with 3- and 5-year duration and $10K minimum investment

Multi-Year Guaranteed Annuity Guaranty Income Life Insurance Company Guaranty Rate Lock™ B++

MYGA with 3–10-year durations, and three rate bands based on premium

Single Premium Immediate Annuity Integrity Life IncomeSource® A+

Issued up to age 95 with multiple annuitization options

Deferred Income Annuity Integrity Life IncomeSource® Select A+

Deferred income product eligible for QLAC classification

Registered Index Linked Annuity MassMutual Ascend Index Achiever® Advisory A++

Surrender-free RILA for managing short-term volatility

Registered Index Linked Annuity Allianz Index Advantage ADV® A+

Customizable downside protection via four different blendable strategies

Registered Index Linked Annuity Allianz Index Advantage Income ADV℠ A+

Customizable growth opportunity and downside protection with guaranteed lifetime income

Fixed Index Annuity MassMutual Ascend Index Protector 4℠ A++

FIA with no market value adjustment

Fixed Index Annuity MassMutual Ascend Index Protector 5 MVA℠ A++

Surrender-free FIA with multiple participation rate strategies issued up to age 90

Fixed Index Annuity MassMutual Ascend Index Protector 7℠ A++

8% guaranteed roll-up on living benefit value, and advisory fee does not impact benefit base

Fixed Index Annuity Midland National® IndexMax Adv℠ A+

Accumulation-focused FIA featuring a BlackRock ESG index

Variable Annuity Equitable Investment Edge® 21 ADV A

No M&E annuity offers optional investment segments with defined protection, and an exclusion ratio on withdrawals

Registered Index Linked Annuity Jackson Market Link Pro Advisory II A

Surrender-free RILA providing 1, 3, and 6-year terms with floor and buffer options. State availability varies.

Fixed Index Annuity Jackson MarketProtector Advisory® A

Surrender-free FIA

Fixed Index Annuity Midland National® Midland National Capital Income℠ A+

FIA with ability to double income payments for up to 5 years with health-related trigger

Multi-Year Guaranteed Annuity Integrity Life MultiVantage® A+

4, 5, 7, and 10 year MYGA with a 1% interest rate enhancement in the first year.

Multi-Year Guaranteed Annuity Midland National® Oak ADVantage℠ A+

MYGA with 3-, 5-, and 7-year durations, and a $50K minimum investment

Fixed Index Annuity Pacific Life Pacific Advisory Fixed Indexed Annuity A+

FIA with free withdrawals and customizable interest-earning options

Variable Annuity Pacific Life Pacific Advisory Variable Annuity A+

Advisory fee-friendly annuity with a guaranteed minimum withdrawal benefit

Multi-Year Guaranteed Annuity Pacific Life Pacific Harbor A+

MYGA with 3- and 5-year duration and $25K minimum investment. No surrender, MVA only.

Fixed Index Annuity Pacific Life Pacific Index Advisory℠ A+

FIA with optional enhanced death benefit

Variable Annuity Pacific Life Pacific Odyssey® A+

ROP included in pricing, and living benefits can be added after issue

Variable Annuity Jackson Perspective Advisory II® A

Several living and death benefit options with complete investor freedom

Fixed Index Annuity Corebridge Financial Power Index Advisory® A

Fixed index annuity with two guaranteed lifetime withdrawal benefits

Variable Annuity Lombard International Private Placement VA A-

Non-traditional investments within a tax-deferred account for the high-net-worth client

Variable Annuity Protective Protective Investors Benefit Advisory Variable Annuity A+

Allows advisory fee without impacting the living benefit value

Fixed Index Annuity Allianz Retirement Foundation ADV® A+

Provides an increasing income option for clients who anticipate a greater income need later in retirement

Variable Annuity Jackson Retirement Investment Annuity A

Features investment freedom and a living benefit with pricing based on the phase of the policy

Registered Index Linked Annuity Equitable Structured Capital Strategies PLUS® 21 A

Surrender-free RILA with 9 indices

Registered Index Linked Annuity Equitable Structured Capital Strategies® Income A

Offers a "dual crediting" strategy and an optional living benefit for income, while being fee-friendly 

Variable Annuity TIAA The Intelligent Variable Annuity® A++

Lowest-cost variable annuity on the market for accounts over $500K, includes Vanguard and DFA funds

Variable Annuity Transamerica Variable Annuity I-Share II A

Low-cost VA with an optional protected growth living benefit


Apr 15, 2024
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Sep 28, 2023
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May 13, 2021
RIA Consultant, Jonathan Barth, shares the difference that using Commission-Free insurance and annuities makes for...


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Feb 07, 2019
DPL’s David Lau talks about the reasons why DPL believes that annuities are an important...
Willie Jones_Card TN


May 13, 2021
Senior Consultant, Willie Jones, explains why Structured Variable Annuities, also known as Buffer Annuities, can...


May 15, 2021
Listen to DPL's newest advisor podcast series; Advisor Revelations and A Day at DPL. You...

Case Study

Jan 30, 2023
Correct Capital Wealth Management, and advisor Colin Day, are utilizing the Advent Insurance Marketplace integration...


Aug 02, 2023
Creating a comprehensive financial plan involves careful consideration of your financial goals and the appropriate...

Common Questions

How can annuities help with wealth accumulation?

Annuities can help clients accumulate wealth in two ways: 1) through tax-deferred accumulation, and, 2) through the efficient funding of retirement income. The additional tax deferral that can be accessed through low-cost variable annuities can be beneficial to high income earners who quickly max out their 401(k)s and IRAs. Academic research shows that annuities can fund retirement income more efficiently than traditional fixed income portfolios. By requiring fewer assets to generate income than traditional fixed income strategies, allocating to an annuity to fund essential retirement expenses leaves a greater share of a client’s portfolio to be invested in long term equity strategies that leverage accumulation potential.

How can annuities improve legacies?

The basic premise is that by using an annuity to efficiently fund retirement income, more assets are available to be invested in equities to grow legacy assets. Clients with longer life expectancies will benefit most as they generate income from their annuities even after their cash balances have been exhausted.

My firm doesn’t address annuities clients already own, why should we?

Clients often can save thousands of dollars in product fees when it makes sense to move from a commissioned insurance product to a low-cost, commission-free product. In addition to providing potentially improved financial outcomes to your clients, offering insurance solutions as part of a holistic financial planning process enables you to expand services, potentially attract new clients, and increase AUM.

Does DPL perform analysis of annuities my clients already own?

DPL provides proprietary tools and the support of our team of licensed consultants to make it easy to evaluate clients' existing annuity policies. Using our Annuity Comparison Calculator, you can quickly compare a client's annuity to commission-free options to determine if it makes sense to exchange the policy for a no-load annuity that may be able to achieve client goals more efficiently.

Have more questions about our insurance offering?

Call us at 888.327.0049 to speak to a DPL Consultant.