Luis Pazos 
Life insurance is a key part of any solid financial plan. Choosing Jackson National Life Insurance can help protect the assets you’ve built and support the people you care about.
Jackson National Life Insurance Overview
Jackson National Life Insurance Company has a strong foundation and operates nationwide. Established in 1961 and headquartered in Lansing, Michigan, it maintains a robust financial standing with an A rating from A.M. Best. For any inquiries, they can be reached at 1 (877) 565-2968.
Company Breakdown
The company operates through three main entities: Jackson National Life Insurance Company, Jackson National Life Insurance Company of New York, and Brooke Life Insurance Company. To assure their long-term stability, Jackson National ensures they have ample assets to cover claims.
Curian Capital, LLC, a subsidiary of Jackson National, provides a comprehensive range of investment strategies and asset management solutions. This company uses advanced technology to aid advisors and enhance efficiency and profitability for clients’ financial and retirement planning needs.
Another subsidiary, Jackson National Asset Management, LLC, offers valuable services like investment advisory and fund accounting for Jackson’s variable products and employee 401(k) plans. Additionally, National Planning Holdings, Inc., encompasses four independent broker-dealers: INVEST Financial Corporation, Investment Centers of America, Inc., National Planning Corporation, and Sll Investments, Inc.
Financial Strength
Jackson National Life Insurance Company receives top ratings from major agencies, highlighting its strong financial foundation:
- A.M. Best: A (Excellent)
- Fitch Ratings: A (Strong)
- Standard & Poor’s: A (Strong)
- Moody’s Investors Service: A2 (Good)
Product Offerings
Though it might seem surprising, Jackson National Life Insurance doesn’t offer typical life insurance policies. Instead, they focus on annuities, including fixed, fixed-indexed, and variable options.
Fixed Annuities
A fixed annuity offers a steady interest rate annually, prioritizing the safety of the principal. This ensures that your saved money is secure, although the returns are modest. They also offer a guaranteed income for life if you opt for the lifetime income option, making them a robust choice for retirees concerned about outliving their savings.
Jackson National provides several fixed annuity options, such as Jackson RateProtector and Immediate Annuity, catering to both long-term and short-term investment needs. They also offer fixed-indexed annuities, which provide stable returns without the market risk.
Variable Annuities
Variable annuities function as contracts that provide periodic payments, either immediately or in the future, and are tax-deferred. They offer market appreciation opportunities through various investment options and benefits like tax-deferred growth, liquidity, and spouse or heir benefits.
Jackson National offers multiple variable annuities, such as Elite Access II®, Elite Access Advisory II®, and Perspective II®, catering to clients up to 90 years old, each with distinct benefits and investment limits.
Fixed Index Annuities
For a balance between steady growth and market risk, Jackson National offers fixed index annuities like MarketProtector®. These products are designed to protect retirement investments from market fluctuations while allowing for growth.
How Does Jackson National Compare?
Comparing Jackson National with others like Allstate, Haven Life, and Metlife, Jackson National stands out for its claims paid feature, although Haven Life and Metlife excel in quick coverage and policy variety, respectively.
Company History
Since its founding in 1961, Jackson National Life Insurance has grown impressively. Named after President Andrew Jackson, it primarily focuses on retirement annuities and investments. By 1989, sales hit $2 billion, and in 1998, they expanded nationwide and opened Jackson National Life Insurance Company of New York. They’ve continually broadened their offerings and market presence, including the acquisition of Life Insurance Company of Georgia in 2005.
Summary
Get started with your application using our efficient quote calculator. Should you have any questions about Jackson National Life Insurance, our advisors are readily available to assist you and guide you through the process, from choosing the right policy to understanding how much coverage you need.
Review Approach
Good Financial Cents aims to provide a balanced and comprehensive review of U.S. insurance companies, focusing on policy offerings, customer experiences, and reliability. We gather information directly from companies and consider customer feedback to offer a holistic evaluation. Each company gets rated based on various criteria, ultimately producing a one- to five-star rating.
Jackson National Review Summary
Jackson National is known for its commitment to providing solutions tailored to modern financial challenges, with a range of annuities that offer stability and growth. Their additional investment and advisory products, along with a strong focus on financial education and customer service, make them a dependable choice for investors.
Cost and Fees Customer Service User Experience Product Offerings Overall 3.9
Pros:
- Diverse range of retirement and investment products
- Strong industry reputation
- Excellent educational resources
- Client-centric customer service
Cons:
- Complexity of products may require professional guidance
- Certain services may have high fees
- Some product limitations based on age or investment amount
