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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