LOUISVILLE, Ky.–(BUSINESS WIRE)–DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisors (“RIAs”), today announced the launch of a unique, commission-free registered index linked annuity (RILA) that combines various levels of protection against market risk during accumulation with guaranteed income options for investors. Currently, Allianz Index Advantage Income ADV℠ Variable Annuity is the only RILA in the advisory market with a guaranteed lifetime withdrawal benefit.

The Allianz Index Advantage Income ADV℠ Variable Annuity, from Allianz Life Insurance Company of North America (Allianz Life), is available now on DPL’s platform for registered investment advisors. Investors in the annuity product and its associated Income Benefit rider¹ can select from an array of crediting methods (also called index strategies) with varying levels of protection against market downturns; and income features that offer a flat payout or one that offers the opportunity for increases over time, thereby potentially addressing the impact of inflation. The product enables advisors to bill directly from the annuity rather than needing to pull their fee from a separate account.

“This product is a timely addition to the DPL platform because it addresses two investor concerns we’re hearing a lot about today,” said DPL Founder & CEO David Lau. “One, the desire to participate in market gains while mitigating some of the risk in the portfolio, and two, concern about the potential impact of inflation on their retirement income. Allianz asked our members what is important to them in a RILA product; they’ll appreciate the downside customization options, the rising income feature, and the ability to bill their fee.”

Investor demand for RILAs has been strong, with flows up 104% year over year in the first half of 2021 according to LIMRA.

“As part of our broad product innovation process, we spoke with DPL members to gather direct input on product design, fee-billing needs and integration requirements,” said Heather Kelly, senior vice president of Advisory and Strategic Accounts at Allianz Life. “Given market conditions and the ongoing need to help protect against the many risks that come with retirement, we believe this product delivers tremendous consumer value, all while meeting the unique needs of the RIA business model.”

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

¹ A .25% product fee and 0.70% Income Benefit rider fee are accrued daily and deducted on each quarterly contract anniversary, calculated as a percentage of the contract value The Income Benefit rider is automatically included in the contract at issue and cannot be removed.

Guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.

Products are issued by Allianz Life Insurance Company of North America and are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. (L40538-IADV)

Neither Allianz Life Insurance Company of North America nor Allianz Life Financial Services, LLC are affiliated with DPL Financial Partners

For more complete information about Allianz Index Advantage Income ADVSM Variable Annuity, call your financial professional or Allianz Life Financial Services, LLC at 800.624.0197 to obtain a prospectus about the variable annuity and variable option. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and the variable option, which you should carefully consider. Please read the prospectuses thoroughly before sending money.

As with any investment vehicle, index variable annuities are subject to risk – including possible loss of principal. Investment returns and principal will fluctuate with market conditions so that contract values, upon distribution, may be worth more or less than the original cost.

Product and feature availability may vary by state and broker/dealer.

• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF