National Life Group is a diversified financial services group comprising of National
Life Insurance Company, National Retirement Plan Advisors, Life Insurance Company of the Southwest, Sentinel
Asset Management and Equity Services, Inc.
Its flagship company, National Life Insurance Company, was founded in 1848. It is located in Montpelier, Vermont and is licensed to sell in all 50 states and the District of Columbia. National Life Group, through its subsidiary companies, provides insurance,
annuity and investment products to individuals, families and businesses. The product range includes term, whole and universal life insurance, fixed, indexed and variable annuities, and mutual funds. A high level description of products is as follows:
Life Insurance: National Life Group’s life insurance products include the whole life insurance that provides coverage for entire life, term life insurance that provides protection during the contracted period and universal life insurance that provides flexibility of premium payments and tax deferred cash value accumulation.
Fixed Annuities: Traditional tax-deferred annuities that provide accumulation at guaranteed rate of interest. The principal remains protected.
Fixed Indexed Annuities: The rate of return for indexed annuities is governed by the changes in the value of stock index to which the annuity is linked to. The principal is usually protected by the issuing company except in case of withdrawal or surrender.
Variable Annuities: In variable annuities, the money is invested in a portfolio of variable investment options. These annuities provide a potential for higher returns that are based on the market value of investments.
Mutual Funds: National Life Group provides mutual fund investment services to its clients through Sentinel Financial Services Company, one of its subsidiaries. Client’s money is invested in stocks, bonds and money market securities under the management and guidance of the company.
| National Life Product Reviews |
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| General Information |
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| Website | https://www.nationallife.com/ |
| Type | Insurance Company |
| Founded | 1848 |
| Ownership | |
| Country | USA |
Information & Articles about National Life
Variable annuity sales in the United States increased 9.7 percent to total $34 billion during the third quarter of 2010.
Variable annuity revenue figures continue to be concentrated among a handful of leading companies:
- Prudential Financial: $15.5 billion year to date.
- MetLife: $13.2 billion year to date.
- Jackson National Life: $10.47 billion year to date.
- TIAA-CREF: $10.42 billion year to date.
- Lincoln Financial: $6.6 billion.
The total amount of variable annuity sales in the first 9 months of 2010 is $102.8 billion. Variable annuity assets under management total $1.41 trillion.
As indicated above, the top 5 insurance companies comprise almost 55 percent of total sales.
LIMRA, an industry trade group, also indicated that 89 percent of variable annuity sales are accompanied by a guaranteed living benefit rider.
Source: Trading Markets
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Variable annuity sales are, to say the least, strong at Jackson National Life Insurance Company.
Jackson is a wholly owned subsidiary of Prudential plc (the UK Prudential which is unaffiliated with the U.S. based Prudential). Jackson recently reported $14.3 billion in total sales for the first 9 months of 2010. This represents a 37 percent increase over the same period in 2009.
Variable annuity sales rose 57 percent and totaled $10.5 billion for the first 9 months of 2010. This 9 month variable annuity sales figure exceeds the total annual variable annuity sales of any previous year.
Sales of deferred fixed annuities and fixed indexed annuities both decreases as the company seeks to preserve capital in a low interest rate environment.
Source: MarketWatch
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Jackson National is the latest in a list of insurance companies to report strong earnings and annuity sales.
Jackson National Life Insurance Company reported sales and deposits of $6.1 billion during the first six months of 2009.
Variable annuity sales were $3.8 billion for the first two quarters.
Fixed annuity sales were also strong at $1.9 billion.
Source: Investment News
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