RIA membership network DPL Financial Partners and insurance carrier Midland National have launched a commission free fixed indexed annuity (FIA) aimed at aiding investors by doubling income payments for up to five years to accommodate retirement investors increased personal care expenses.
The Midland National Capital Income annuity ensures guaranteed lifetime income to help safeguard retirement lifestyles and is tied to the S&P500 as well as the Fidelity Multifactor Yield Index 5% ER indices. The Fidelity index was deployed in May by North American and was previously made available to North American’s parent Sammons Financial in February 2020 via a partnership with Fidelity Investments. The Fidelity Multifactor Yield Index 5% ER is a rules-based index that blends six
Continue reading with a subscription to the SRP market intelligence platform.
Request DemoAlready a subscriber? Login