INSURANEWS Logo
Top Stories
Life
Health
Medicare
Property & Casualty
Annuity
Industry

Jackson National Launches Flexible Fixed Index Annuities

Share:

Jackson National Life Insurance Company has launched two new fixed index annuities designed to safeguard retirement savings while offering growth opportunities.

In an effort to cater to varying retirement needs, Jackson National Life Insurance has rolled out the Jackson Fixed Index Accumulation and Jackson Fixed Index Accumulation Advisory annuities. These products, which come with both commission-based and fee-based structures, offer flexible 5- and 7-year options. Additionally, the Jackson Protection Advantage, a 10-year contract, is available directly through independent agents, further underscoring the company's commitment to providing tailored retirement solutions. Alison Reed, EVP and Head of Distribution at Jackson National Life Distributors LLC, highlights the importance of these offerings in addressing consumer demands and enhancing long-term retirement planning strategies.

Enhanced Product Flexibility for Financial Advisors

Jackson's recent product innovations include the integration of five indices and four crediting methods, enabling financial professionals to customize annuities to meet client-specific goals and preferences. This flexibility not only accommodates diverse client needs but also allows for strategic response to fluctuating market conditions, a critical factor for agents and advisors seeking to optimize retirement portfolios. Enhancements to Jackson's single premium immediate annuity (SPIA) further support this adaptability, allowing advisors more leeway in structuring retirement income streams tailored for individual clients, including options for spousal support and potential income growth.

Key Features of Jackson's New Annuities

  • Five indices available for tailoring annuity products.
  • Four crediting methods to match client financial goals.
  • Options in commission-based and fee-based formats.
  • 5-, 7-, and 10-year contract choices for varied retirement timelines.

These developments signify Jackson National's proactive approach in equipping insurance professionals with the tools needed to navigate the complexities of retirement planning while meeting evolving consumer expectations. By offering flexible solutions and expanded product options, Jackson positions itself as a leading player in the retirement savings market, empowering agents, brokers, and financial advisors to deliver comprehensive, dynamic services to their clients.