Jackson National

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Jackson National Life Insurance Company is a multi-billion dollar, diversified provider of retirement solutions.

Jackson National was purchased by the British insurance company Prudential plc in 1986.  Prudential plc is not to be confused with the American insurance company Prudential Financial.

Jackson National is one of the top annuity providers in the United States in terms of sales volume, and the company continues to grow rapidly. The company's products include annuities, mutual funds and life insurance. Their annuity offerings include variable annuities, fixed annuities and fixed index annuities.

Through subsidiaries and affiliates such as Curian Capital, the company also provides asset management, retail mutual funds and retail brokerage services.

Jackson National Product Reviews
Product Review of Elite Access:
"This is one of the first variable annuities to offer alternative investments...."
Product Review of Elite Access:
"As the other reviewer indicates, the Elite Access variable annuity from Jackson..."
Product Review of Elite Access:
"There is, in fact, an optional liquidity rider that can be attached to the..."
Product Review of Elite Access:
"In addition to what would be lumped under the "alternative" investment category..."
Products Offered

General Information
Websitewww.jackson.com
TypeInsurance Company
Founded1961
Ownership
CountryUSA
Contact Information
Address
Lansing, MI 48909-4068
Phone877-565-2968
Fax800-701-0125

Information & Articles about Jackson National

Jackson Approaching Variable Annuity Capacity Limits

In yet another sign of variable annuity capacity constraints, Jackson National recently announced that they are approaching the upper range for 2012 sales of variable annuities with guaranteed living benefits.

Jackson’s November 8 press release indicates the company has roughly $1 billion worth of remaining 2012 capacity.

Jackson indicated that this remaining capacity will be used for new product sales and that they will no longer accept new 1035 exchange business or qualified transfers of of assets for variable annuities with GLBs as of November 13 2012.

What is Driving the Rush for the Variable Annuity Exit?

The variable annuity industry in the U.S. is highly concentrated.  Ten insurance companies generate roughly 80 percent of industry revenue, and the top 20 companies generate over 90 percent of total sales.

A meaningful signal is sent when five of the top 20 variable annuity companies announce that they are either exiting the business entirely or paring-back existing product lines.

This is exactly what has taken place over the past several months with the following companies dialing down their variable annuity exposure or pulling-out entirely:

Jackson National VA Strategy

Good article in Investment News about Jackson National's strategy for its variable annuity business.

A brief interview with the Jackson CEO.

Click here to read.

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