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jackson national life insurance co. - All News and Analysis
Jackson Reports Total Sales and Deposits of $11.2 Billion
Diversified Product Portfolio Lifts Nine-Month Total 2% Higher than Same Period in 2007 LANSING, Mich. -- Jackson National Life Insurance Company([R]) (JacksonSM) generated $11.2 billion in total sales and deposits1 during the first three quarters of 2008, representing a 2-percent increase over the same period in 2007 and the...
Jackson First-Half Revenue Tops $2 Billion; Retail Sales Climb 22%
Company Achieves First $1-Billion Retail Sales Month in May LANSING, Mich. -- Jackson National Life Insurance Company([R]) Jackson recorded $2.1 billion in GAAP revenue in the first half of 2007, up 3 percent from the same period a year ago primarily due to an increase in fee income. Record...
Jackson Promotes Jim Binder to Senior Vice President and Treasurer
LANSING, Mich. -- Jackson National Life Insurance Company([R])Jackson, has promoted Jim Binder to senior vice president and treasurer. In this role, Binder, 44, is primarily responsible for overseeing the cash management and long-term financial planning processes across the US operations of Prudential plc (NYSE:PUK), Jackson's corporate parent. Binder also serves...
Jackson Closes in on Record Retail Sales
Company Variable Annuity Sales up Nearly 50% LANSING, Mich. -- Jackson National Life Insurance Company([R]) Jackson recorded retail sales of nearly $6.9 billion in its core life insurance and annuity product lines during the first nine months of 2006, up 25 percent from the same period a year ago....
Jackson National Life® Strengthens Corporate Giving Program; Jackson National Community Fund to Give $2 Million Over the Next Three Years
LANSING, Mich. -- Jackson National Life Insurance CompanyR Jackson today announced that it will dedicate a portion of its annual pretax profits to support community investment efforts in those locations where the company maintains a strong business presence. Through the newly formed Jackson National Community Fund JNCF, Jackson and its...
Jackson National Life® Unveils New Corporate Brand; New Look Reflects Jackson's Strength in the Retirement Market
LANSING, Mich. -- Jackson National Life Insurance CompanyR Jackson today announced a new corporate branding campaign designed to increase awareness of the company's rich tradition, bold vision and innovative approach to developing retirement planning solutions. The company's new logo and color scheme also strengthen brand synergy between Jackson and its...
Prudential-Jackson Nat'l connection prospering. (Prudential Corporation PLC's acquisition of Jackson National Life Insurance Co.)
Prudential-Jackson Nat'l Connection Prospering Five years ago London-based Prudential Corp. PLC broke takeover records when it paid $608 million for Jackson National Life Insurance Co. The 1986 buyout of Jackson National marked the biggest British invasion of the United States since...
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JacksonSM Recognized as World Class Customer Service Provider by SQM
LANSING, Mich. -- The Service Quality Measurement Group, Inc. SQM has recognized Jackson National Life Insurance Company([R]) Jackson as a World Class service provider in its latest benchmarking study of North American contact centers. Historically, only 5 percent of contact centers receive the World Class designation; 2008 marks the fourth...
Jackson Reports Total Sales and Deposits of $11.2 Billion
Diversified Product Portfolio Lifts Nine-Month Total 2% Higher than Same Period in 2007 LANSING, Mich. -- Jackson National Life Insurance Company([R]) (JacksonSM) generated $11.2 billion in total sales and deposits1 during the first three quarters of 2008, representing a 2-percent increase over the same period in 2007 and...
Jackson Enhances Variable Annuity Offering with LifeGuard Freedom DB
New GMWB Combines Guaranteed Income with Innovative Death Benefit Option LANSING, Mich. -- Jackson National Life Insurance Company([R]) Jackson today announced the launch of LifeGuard Freedom DB, a new guaranteed minimum withdrawal benefit GMWB that features an enhanced, innovative death benefit option. Available only with the election of...
Jackson Sets Company Record with $7.6 Billion in Total Sales and Deposits
LANSING, Mich. -- Jackson National Life Insurance Company([R]) Jackson generated nearly $7.6 billion in total sales and deposits in the first half of 2008, a company record for a six-month reporting period. Jackson's total sales and deposits rose 2 percent over the first half of 2007, driven primarily by a...
Corporate Travel: Under One Roof
For the Accident Fund Insurance Company and Jackson National Life Insurance Company, travel on land or by air is part of life for a sizeable percentage of their workforces. While modern methods of hooking people up can shave some the costs, many still get behind the wheel or take flight...
Jackson Introduces New OptiMAX Level Rate Fixed Annuities
LANSING, Mich. -- Jackson National Life Insurance Company([R]) Jackson today announced new additions to its OptiMAX family of fixed annuities. Designed specifically for the bank channel, Jackson's OptiMAX Level Rate OneSM and OptiMAX Level Rate TwoSM fixed annuity contracts offer a choice of interest rate guarantee periods, flexible withdrawal provisions...
New lifetime benefits added.(SPOTLIGHT)(Brief article)
March was another busy month in life insurance and annuity product development, particularly in the area of enhancements to guaranteed lifetime withdrawal benefits. AIG SunAmerica added a 7% annual retirement income bonus option to its Market-Lock for Life Plus withdrawal benefit. It guarantees...
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INVESTMENTS New Withdrawal Benefit from Jackson National LifeGuard Freedom, a new optional guaranteed minimum withdrawal benefit GMWB has been launched by Jackson National Life Insurance Company. LifeGuard was created to provide investors with guaranteed annual withdrawals and the opportunity to increase their retirement income....
Jackson Enhances Fixed Index Annuity Lineup with Launch of Select Annual Reset
New FIA Product Combines Principal Protection with Opportunity to Earn Additional Interest LANSING, Mich. -- Jackson National Life Insurance Company([R]) Jackson today announced the launch of Select Annual Reset, a new fixed index annuity FIA that combines the potential to earn additional interest with protection of principal. In...
Jackson Reports First Quarter 2008 Sales and Deposits of $3.5 Billion
LANSING, Mich. -- Jackson National Life Insurance Company([R]) (JacksonSM) generated $3.5 billion in total sales and deposits1, including $2.7 billion in retail sales and deposits2, during the first quarter of 2008. Both figures represent the second-highest first quarter total in the company's history. In 2007, Jackson set a company record...
Jackson Adds Overloan Protection Rider to VUL and UL Products
Policy PreserverSM Designed to Help Advisers and Their Clients Prevent Policy Lapse LANSING, Mich. -- Jackson National Life Insurance Company([R])Jackson today announced the introduction of Jackson Policy PreserverSM, a new rider designed to help advisers and their clients prevent a policy from lapsing if the policy's loan value...
Jackson Enhances Variable Annuity Lineup with Launch of LifeGuard Freedom GMWB
Optional Benefit Offers Annual 7% Increase If No Withdrawals Taken During First 10 Contract Years LANSING, Mich. -- Jackson National Life Insurance Company([R]) Jackson today announced the launch of LifeGuard Freedom, a new optional guaranteed minimum withdrawal benefit GMWB designed to provide investors with guaranteed annual withdrawals and...
Jackson Reports a 14% Rise in GAAP Net Income to $619 Million; GAAP Revenue up 11% to $4.1 Billion
LANSING, Mich. -- Jackson National Life Insurance Company([R]) Jackson generated $4.1 billion in GAAP revenue and $619 million in GAAP net income in 2007. The company's 14-percent increase in GAAP net income was driven primarily by record fee income of $1 billion, up 41 percent over 2006. Fee income comprised...
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