Michael's Story

Michael, a 70-year-old retired orthopedic surgeon from Michigan, is an avid walker and podcast enthusiast. One day during a walk, he tuned into a podcast featuring David Lau, DPL's founder and CEO, who was discussing the benefits of commission-free annuities in modern retirement plans. Michael was intrigued — the idea of using a low-cost annuity to create a guaranteed income stream to cover basic retirement expenses immediately resonated with him.

He had become increasingly concerned about protecting his retirement savings following the 2022 bear market that wiped trillions of dollars from global stock and bond markets. After hearing the podcast, Michael raised the topic of annuities with his advisor and other financial professionals and was met with a wall of opposition. They were emphatic, telling him that annuities were the absolute last investment he should consider, despite his desire for guaranteed income.

Unsatisfied, Michael reached out to DPL to learn more. He explained his goal: to allocate a portion of his liquid net worth to create a reliable floor of retirement income that would also provide protection against inflation. DPL offered options based on his financial situation and goal. He decided on a commission-free fixed index annuity that will provide a secure and predictable stream of inflation-adjusted income to last his lifetime.  

Now, with peace of mind that their essential expenses are covered, Michael and his wife are confidently enjoying their retirement.

"I turned to DPL when my advisor wouldn't show me options for guaranteed income. I wanted to protect my retirement and create a secure income stream with an annuity. DPL understood my needs and provided options that enabled me to achieve my goal. Now my wife and I have a sense of security and confidence about our retirement we didn't have before."

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