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Insurance network for RIAs says MYGA is the future for annuity sales

MYGA

DPL added 11 more multi-year guaranteed annuities, or MYGAs, to its commission-free marketplace, which previously included a single product in that category.

DPL Financial Partners is betting on demand among RIAs for a simple type of annuity, the MYGA, to use as an alternative to bonds, savings accounts and certificates of deposit.

On Wednesday, the company added 11 more multi-year guaranteed annuities, or MYGAs, to its commission-free marketplace, wh

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