Jackson National Life Insurance Company has fixed annuities to thank for it’s increasing sales in the first quarter of 2009. While sales of their variable annuities were down compared to last year, sales of traditional fixed annuities almost doubled from the same period last year. And their fixed index annuity sales increased by 83% from first quarter 2008 to first quarter 2009.
Financial strength ratings for Jackson have ranged from good (Moody’s) to superior (A.M. Best) and have been solid for six years. According to President and CEO Clark Manning, “Jackson’s prudent approach to product pricing and risk management is a significant competitive advantage in the current market environment.” They could be worth checking out for those seeking new financial opportunities.