Jackson National seems to have emerged as one of the leaders in the U.S....
Jackson National
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.
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| Products Offered |
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| General Information | |
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| Website | http://www.jackson.com |
| Type | Insurance Company |
| Founded | 1961 |
| Ownership | |
| Country | USA |
| Contact Information | |
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| Address | Lansing, MI 48909-4068 |
| Phone | 877-565-2968 |
| Fax | 800-701-0125 |
Information & Articles about Jackson National
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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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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:
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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