In the past, annuities have often been misunderstood as complex investment vehicles. After all, they’re known for their high commissions and opaque fees. Furthermore, these commissions often line the pockets of salespeople. As a result, returns can be substantially eroded.
In recent years, however, a new breed of annuities has emerged: commission-free annuities. DPL Financial Partners, a leading provider of commission-free annuities, has sold more than $2 billion in no-load annuities, more than doubling its sales in 2022.