Aspida partners with Flourish for enhanced annuity distribution

Aspida Life Insurance Company (Aspida), a life insurance and annuity company, has recently partnered with Flourish, a financial products provider, to distribute the Aspida Advisory Multi-Year Guaranteed Annuity (MYGA).

The Aspida Advisory MYGA offers a secure investment solution with guaranteed growth, unaffected by market fluctuations. This single premium deferred fixed multi-year guaranteed annuity is available for durations of two, three, five, and seven years, allowing advisors to customise solutions to individual client needs.

Aspida will utilise Flourish’s Annuities platform to simplify access to annuities online for Registered Investment Advisors (RIAs) and their clients, thereby enhancing efficiency and reducing complexity.

This partnership benefits both companies, as it broadens access to Aspida’s annuity products within the RIA community while enabling Flourish Annuities to offer its clients a leading annuity product.

Both companies prioritise technology-driven, innovative solutions, making the annuities landscape more user-friendly and efficient.

Chad Burns, Chief Distribution Officer at Aspida, expresses his enthusiasm for the partnership, stating, “We are excited to partner with Flourish and offer our annuities on their new digital platform, which expands access for RIAs.”

“Our Aspida Advisory MYGA supplies a secure, low-risk option to grow tax-deferred money for retirement and allows individuals to choose the timeline they prefer while ensuring direct access to their money when they need it,” Burns adds.

Max Lane, CEO of Flourish, comments, “​​The Flourish Annuities platform was created to alleviate the critical pain points that have prevented RIAs from including annuities in client portfolios. Flourish Annuities’ curated marketplace of fee-based annuities from carefully vetted carriers is a key part of bringing RIAs access to this growing asset class. We are pleased to offer the Aspida Advisory MYGA on our platform.”

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