Jackson National: Life Insurance Policies And Plans

Jackson National Life Insurance Company, commonly referred to as Jackson, is a US company that provides annuities for retail investors and fixed-income products for institutional investors. Despite its name, Jackson National does not offer life insurance policies. Instead, the company specialises in annuities, particularly variable annuities, and is recognised for its commitment to providing security and stability for its customers' financial futures. Jackson National is a subsidiary of the British insurer Prudential plc, which acquired the company in 1986.

Jackson National's parent company

Jackson National Life Insurance Company, often referred to simply as "Jackson", is a subsidiary of Jackson Financial Inc., a publicly traded U.S. holding company. Jackson Financial Inc. is the direct parent of Jackson Holdings LLC, which in turn owns Jackson National.

Prior to 2021, Jackson was a subsidiary of the British insurer Prudential plc, which acquired the company in 1986. Prudential announced its intention to demerge Jackson in January 2021, resulting in two separately listed companies. Since the spinoff, Jackson shares have been traded on the New York Stock Exchange under the ticker “JXN”.

Jackson National's subsidiaries

Jackson National Life Insurance Company, commonly referred to as Jackson, is a subsidiary of Jackson Financial Inc., a publicly traded company. Jackson National offers a range of retirement and investment products, including annuities and life insurance. While the company's name includes "life insurance," it is important to note that Jackson National does not offer life insurance policies. Instead, the company focuses on providing annuities, particularly variable annuities.

Jackson National has several subsidiaries and affiliates that provide specialised services. Here is an overview of some of Jackson National's key subsidiaries:

• Jackson National Life Insurance Company of New York (Jackson of NY): This subsidiary is headquartered in Purchase, New York. Similar to its parent company, Jackson of NY offers products and services to help Americans pursue financial freedom and plan for retirement. By establishing this subsidiary, Jackson National was able to expand its reach and offer its products across all 50 states.
• Jackson National Asset Management, LLC (JNAM): JNAM serves as the investment manager for the JNL Funds, a series of proprietary mutual funds on the Jackson variable annuity platform. JNAM is responsible for selecting and monitoring the external asset managers of these funds and providing accounting and administrative services. Additionally, JNAM directly manages several risk-based multi-strategy fund-of-fund offerings exclusively available through Jackson products.
• Curian Capital, LLC: Curian Capital, a subsidiary established in 2003, manufactures and distributes a comprehensive suite of investment strategies and asset management solutions. This subsidiary utilises a highly advanced technological platform to assist advisors in enhancing efficiency and profitability. Curian Capital also provides customised investment management solutions for clients' financial and retirement planning needs.
• PPM America, Inc. (PPM): PPM is an investment manager that operates as an affiliate of Jackson National. It has the experience and resources to provide investment solutions across various markets, including fixed income, private equity, and commercial real estate. PPM maintains a nimble and responsive approach, similar to a smaller shop, while benefiting from the resources of a larger organisation.
• National Planning Holdings, Inc. (NPH): NPH is a network of four independent broker-dealers, including INVEST Financial Corporation, Investment Centers of America, Inc., National Planning Corporation, and SII Investments, Inc. The formation of NPH in 1998 contributed to the expansion of Jackson National's sales and distribution network nationwide.

Jackson National's financial strength

Jackson National's parent company is the British insurer, Prudential, which acquired the company in 1986. Jackson National Life Insurance Company is one of the youngest life insurance companies in the industry, having first opened for business in 1961. The company's headquarters are in Michigan, and it is named after Andrew Jackson, the seventh President of the United States.

Jackson National's product offering can be separated into three different categories: Fixed Index Annuities, Fixed Annuities, and Variable Annuities. The company has been built into a multi-billion-dollar business, with sales figures of over $2 billion by the beginning of the 1990s.

Jackson National has received high financial strength ratings from independent rating agencies:

• A.M. Best: A+ rating, equivalent to 'Superior'
• Standard & Poor's: AA rating, 'Very Strong'
• Moody's: A1 rating, 'Good'
• Fitch Ratings: AA rating, 'Very Strong'

These ratings indicate that Jackson National has strong financial security and is likely to pay out claims.

In addition to its financial strength, Jackson National also has a strong commitment to customer service, as evidenced by its A+ rating from the Better Business Bureau. The company provides multiple avenues for clients to contact them and offers robust support and advisory services.

Jackson National's subsidiaries, Curian Capital, LLC, and Jackson National Asset Management, LLC, further enhance the company's financial strength and ability to provide comprehensive investment solutions. Curian Capital utilizes a highly technologically advanced platform to assist advisors in terms of efficiency and profitability, while Jackson National Asset Management provides investment advisory, transfer agency, fund accounting, and administration services.

Overall, Jackson National's financial strength, commitment to customers, and diverse product range make it a trusted choice for many investors.

Jackson National's products

Jackson National, a subsidiary of the British insurer Prudential, is a Michigan-based company that offers a range of financial products. Despite its name, Jackson National does not offer life insurance policies. Instead, the company has chosen to focus on annuities, particularly variable annuities. Annuities are long-term, tax-deferred vehicles designed for retirement and are insurance contracts.

Jackson National's flagship product is its variable annuities. The company consistently ranks as the #1 seller of variable annuities in the U.S. and sold over $17 billion in variable annuities in 2016. Variable annuities are distributed by Jackson National Life Distributors LLC, a member of FINRA. They may be subject to state variations and may not be available in all states.

Jackson National offers four variable annuities products:

• Elite Access: Available up to the age of 85, with a minimum first investment of $5,000 if non-qualified and $2,000 if qualified. This annuity allows you to manage risk through the standard economic cycle and offers a diverse range of investment opportunities.
• Elite Access Advisory: The same as Elite Access, but with a minimum initial premium of $25,000, regardless of qualification. You can choose up to 99 investments from hundreds to build a unique portfolio.
• Perspective II: One of the best-selling annuities in the U.S., this annuity allows you to choose your own investments to prepare for retirement. It focuses on freedom and tax advantages.
• Perspective Advisory: While Perspective II allows investments up to 90 years of age, Perspective Advisory sets the limit to 85, but the amount you can invest is significantly higher. The minimum initial premium is $25,000, compared to $10,000 and $5,000 for Perspective II (non-qualified and qualified, respectively).

In addition to variable annuities, Jackson National also offers fixed annuities and fixed-index annuities. Fixed annuities offer a guaranteed interest rate, protecting your principal from market downturns and providing tax-deferred growth. Fixed-index annuities provide steady growth without the risk of market fluctuations.

Jackson National's range of annuity products demonstrates its commitment to providing security and stability for its customers' financial futures. By specialising in this niche market, the company has built a solid reputation and achieved high ratings from industry agencies.

Jackson National's history

Jackson National Life Insurance Company, often referred to as simply Jackson, was founded in 1961 in Jackson, Michigan, and moved to its current headquarters in Lansing, Michigan in 1976. The company was named after Andrew Jackson, the seventh President of the United States.

In its early years, Jackson focused on offering term insurance to individuals as an alternative to whole life products. In 1970, the company eliminated its captive agency sales force and adopted the independent distribution model, selling products through independent agents. By 1984, Jackson had grown to $1 billion in assets, attracting the attention of British insurer Prudential plc, which acquired Jackson in 1986 for $608 million.

In 1995, Jackson launched its first variable annuity and began selling guaranteed investment contracts and funding agreements through its Institutional Products Department. The following year, Jackson introduced its first fixed-index annuity (FIA). In 2003, Jackson entered the registered investment adviser channel with the launch of Curian Capital LLC, a separately managed accounts provider. In 2005, the company acquired Life Insurance Company of Georgia, which doubled its policy count to approximately 3 million. In 2012, Jackson acquired SRLC America Holding Corp., adding a further 1.5 million in-force life insurance and annuity policies to its books.

In January 2021, Prudential announced its intention to spin off Jackson, resulting in two separately listed companies. Since the spinoff, Jackson shares have been traded on the New York Stock Exchange under the ticker “JXN”.

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