Jackson Updates Variable Annuity Suite, Teams With Fidelity

In an effort to streamline a slew of add-on options to its variable annuity line, Jackson National Life Insurance Company® has just announced several benefit updates. Among those updated include Perspective II and Perspective Advisory II, according to a recent Yahoo!Finance article. In addition to the updates, Jackson also introduced LifeGuard Freedom Accelerator and Accelerator DB, two new benefits added to the Perspective family of VAs. LifeGuard Freedom Accelerator offers higher... Read More

Jackson National Launches New MYGA

Wink’s Sales and Market Report for the first quarter of 2019 shows that the sales of multi-year guaranteed annuities (MYGAs) have grown almost 80% in the last year, and Jackson National Life Insurance Company is jumping on board. The launch of Jackson RateProtector, a single premium MYGA was announced yesterday, offering consumers the opportunity to protect and grow their assets through guaranteed interest rates that will not fluctuate during a selected time period. The press release also... Read More

Jackson National Jumps On Fee-Based Annuity Wagon

Jackson National Life Insurance Company has just announced the launch of their new fee-based variable annuity, Perspective Advisory II (PAII), according to a recent press release. With the goal of helping people find financial freedom in retirement, the product boasts no surrender charge and, together with the expanded suite of offerings, establishes Jackson’s new relationship with Vanguard, one of the world’s largest investment management companies.“At Jackson, we’re committed to... Read More

Jackson’s Fee-Based Variable Annuity Forecasts the VA Market’s Future

It was no surprise that the Department of Labor enacted stringent rules on sellers of variable annuities within qualified plans in their new fiduciary rule. The new BICE guidelines require advisors and annuity distributors to ensure that any variable annuity sold is in the best interest of the person buying the product. There are many guidelines for annuity sellers to follow, something that will change the face of the variable annuity industry for the long haul. Investment News' Greg Iacurci... Read More

Variable Annuity Decline Shuffles Annuity Sales Leaders

The LIMRA Secure Retirement Institute just published their quarterly annuity sales report detailing the "Top 10 annuity sales leaders" from the first quarter. In an article for LifeHealthPro, Kristen Beckman listed the top sellers and discussed the big power shift between fixed and variable annuities. Their data includes information from 64 companies who make up 96% of all annuity sales. Total annuity sales were $59 billion in the first quarter. Fixed annuity sales of $32.3 billion were higher... Read More

Big Changes in Fixed Annuity Sales Leaders Indicates High Competition

Insurance News Net's Linda Koco said that the "FA Competition (is) Shifting into High Gear" in a recent article. This is in steep contrast to the variable annuity side of the business. The LIMRA Secure Retirement Institute's sales rankings revealed an interesting trend over the past few years. The quarterly sales rankings change the most, both up and down, when the annuity competition is stronger. Third quarter sales figures showed a lot of movement between annuity carriers for sales rankings... Read More

Jackson National, AIG Led Second Quarter Annuity Sales

The LIMRA Secure Retirement Institute recently collected annuity sales data for their quarterly U.S. Individual Annuities Sales Survey. This information came from Investment News's article "Top 10 annuity sellers in the second quarter." Here is a summary of the second quarter sales figures before third quarter results are announced. Annuity sales increased between the first and second quarters of this year. During the second quarter, total annuity sales were $60.2 billion. This was 10% higher... Read More

MetLife, Jackson National & AIG Lead Second Quarter Annuity Sales

Each quarter when annuity sales results are announced, there are some changes in leadership.  Although the fixed or variable annuity leaders sometimes stay the same for long periods of time, there is often a mix up in total annuity sales leaders.  During the second quarter of 2014, the top annuity seller was a company that actually had a pretty poor first quarter.  Life Health Pro's Emily Holbrook took the sales results from SNL Financial and summarized them for the article "The top 10... Read More

Jackson National Is The Variable Annuity Sales Leader

A lot of the players in the variable annuity game have scaled back their business.  This leaves opportunity for those insurers who are still interested in selling variable annuity products.  Jackson National Life is one of the companies who is taking advantage of this variable annuity exit by other insurers.  In the Bloomberg News article "Jackson National Takes Big Lead On Variable Annuities As Rivals Scale Back" posted by Financial Advisor Magazine, it says that Jackson National is still... Read More

Jackson National & New York Life Sold the Most Annuities In 2013

The total annuity sales for 2013 were released last month and included some surprises and some results that were expected.  Daniel Williams of LifeHealthPro summarized all of the sales results in the article "Top 20 annuity sales leaders for 2013".  The results are divided into total annuity sales, fixed annuity sales, and variable annuity sales.  Jackson National Life was the top seller in both total annuity sales and variable annuity sales.  They sold $23.2 billion of annuities, $20.9... Read More

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