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Jackson National Life

Jackson National Life Insurance Company Details

Jackson National Life logo.svg
Type
SubsidiaryIndustryFinancial ServicesGenreFinancialFounded1961Headquarters
Jackson Headquarters
Lansing, Michigan

,

U.S.
Area served
Nationwide
Key people
Michael A. Falcon
CEO
Scott Romine
PresidentProductsRetirement
AnnuityTotal assets US$ 218.9 billion (2015)
Number of employees
4,800 (2015)ParentPrudential plcWebsitejackson.com

Jackson National Life Plans details Review

Jackson National Life Insurance Company (often referred to as simply Jackson) is a U.S. company that offers annuities for retail investors and fixed income products for institutional investors. Jackson subsidiaries and affiliates provide specialized asset management and retail brokerage services. Jackson is a subsidiary of the British insurer, Prudential plc, which acquired the company for $608 million in 1986. The company is unrelated to the American insurance conglomerate, Prudential Financial.

Founded in 1961, Jackson is headquartered in Alaiedon Township, Lansing, Michigan. The company and its affiliates also have offices in Denver, Colorado; Nashville, Tennessee; El Segundo, California; Chicago, Illinois; Tampa, Florida; Appleton, Wisconsin; Purchase, New York; and Bismarck, North Dakota.

Jackson markets its products in 49 states and the District of Columbia through independent and regional broker-dealers, wirehouses, financial institutions and independent insurance agents. A subsidiary of Jackson, Jackson National Life Insurance Company of New York, markets products similarly within the state of New York.

Jackson National Life citation needed

] In the early years, the company focused on offering term insurance to individuals as an alternative to whole life products. Jackson was an early adopter of the independent distribution model, eliminating its captive agency sales force in 1970 to sell products through independent agents. By 1984, Jackson had grown to $1 billion in assets. The company’s growth attracted the attention of Prudential plc, which acquired Jackson in 1986.

In 1995, the company launched its first variable annuity and began selling guaranteed investment contracts and funding agreements through its Institutional Products Department.[citation needed] In 1996, Jackson introduced its first fixed index annuity (FIA).[citation needed] In 1998, National Planning Holdings (NPH), Jackson’s affiliated independent broker-dealer network, was formed with the launch of National Planning Corporation and the acquisition of SII Investments, Inc.[citation needed] In 2000, NPH acquired INVEST Financial Corporation and Investment Centers of America.[citation needed]

In March 2003, Jackson entered the registered investment adviser channel with the launch of Curian Capital LLC. Jackson’s acquisitions of Life Insurance Company of Georgia in 2005 and SRLC America Holding Corp. (SRLC) in 2012 each added 1.5 million in-force life insurance and annuity policies to Jackson’s books.[citation needed] SRLC is the Swiss holding company of Reassure America Life Insurance Company, which was the US primary operating company of Swiss Re’s Admin Re business unit.

In February 2020,

Jackson National Life biography Net worth, Details Reference

  • Official Website
Updated: April 22, 2020 — 11:33 pm

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