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Jackson National Life Insurance Company



Jackson National Life Insurance Company

Jackson National Life Insurance Company (Jackson) is one of the largest life insurance companies in the US and provides retirement savings and income solutions in the mass and mass-affluent segments of the US market, primarily to retirees and those nearing retirement.

Financial highlights
— APE retail sales at £596 million in 2008 were at the highest level in the company’s history.
— In 2008, we ranked fourth in variable annuity net flows in the US, and experienced a very low level of outflows as a proportion of inflows compared to the rest of the industry.
— Overall new business APE sales in the US increased by seven per cent to £716 million.
— In the fourth quarter of 2008, we ranked in the top 10 for sales of total annuities, as well as for variable annuities, fixed annuities and fixed index annuities.

Awards
In 2008, Jackson earned its fourth World Class Customer Satisfaction award from the Service Quality Measurement (SQM) Group and also received SQM's award for Highest Customer Satisfaction by Industry for having the highest rate of customer satisfaction in the financial services industry.

Products
— Variable annuities
— Fixed and fixed index annuities
— Term and permanent life insurance
— Institutional products

Through its affiliates and subsidiaries, Jackson also provides asset management and retail brokerage services.

Distribution:
Jackson markets products in 50 states and the District of Columbia (in the State of New York through Jackson National Life Insurance Company of New York) through independent broker-dealers, independent agents, banks, regional broker-dealers and the registered investment advisor channel.

Jackson National Life Distributors is responsible for marketing and distributing Jackson’s retail products to independent broker-dealers, regional broker-dealers, independent agents and financial institutions. These products include variable, fixed and fixed index annuities, life insurance products and retail mutual funds.

JNL Southeast Agency was formed after Jackson’s acquisition of Life Insurance Company of Georgia in 2005. The JNL Southeast Agency consists of more than 100 career agents who sell Jackson’s traditional life insurance, fixed annuity and fixed index annuity products directly to customers residing in the South Eastern United States.

Jackson’s Institutional Products department markets guaranteed investment contracts (GICs), funding agreements, and medium term notes (MTNs) to institutional investors.

Curian Capital is a registered investment adviser that provides a fee-based separately managed account (SMA) platform to financial professionals. Curian expands Jackson’s access to advisers and allows the organisation to deliver innovative products and services that complement its core annuity product lines.

National Planning Holdings (NPH) is Jackson’s affiliated network of independent broker-dealers. NPH serves as the holding company for four individual firms: INVEST Financial Corporation, Investment Centres of America, Inc., National Planning Corporation, and SII Investments, Inc.

Jackson’s investment portfolio manager, PPM America Inc., manages over £46 billion of assets.

Customers: Over 2.8 million

Staff: 3,000 +

Locations: Headquartered in Lansing, Michigan

View the business history of Jackson National Life Insurance Company
Fact File 2009

Correct at 31 December 2008 unless otherwise stated.

 

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