Jackson Life Insurance Review

Written by Ross Quade

1 Corporate Way

Lansing, MI 48951

Phone: 800-873-5654

Fax: 517-706-5552

Jackson National Life Insurance provides life insurance products that not only help you in retirement but on your next journey in life. They do not view life insurance as a final arrangement for you – they prefer to view it as planning for the next stage in your life; the stage where you are supposed to have fun and enjoy life without any financial worries. Their products also help you plan for the time when you are gone and your beneficiaries need caring, but their main focus is on how you will enjoy your money in retirement.

History

Jackson National Life Insurance received its name in honor of our 7th president, Andrew Jackson. The company opened in 1961 as a small company with just family members as employees. Today, it is a thriving life insurance company providing the same level of service you would expect from a family-owned company while providing its clients with the amazing benefits that a large corporation can offer.

Products

Products that are offered are geared toward preparing clients for retirement. Their products run the gamut of risky investments for those that have money and time to invest along with fixed products with a guaranteed return. Their main products are the variable annuity, a product that pays out after a specified period of time and fluctuates with the market. An index annuity is a product that fluctuates with the corresponding index, such as S&P but has a guarantee that it will not go below $0. Last but not least, a fixed annuity that is a product that provides investors with a guaranteed rate of return.

Positives

Jackson National Life Insurance continues to receive outstanding ratings from the nation’s most reputable insurance company rating agencies. In 2014 alone, Jackson National was the top seller of annuities throughout the U.S.  It also ranks high in terms of its assets, both statutory and general assets, making it a profitable and reputable company to purchase life insurance from.

Negatives

Some people report difficulty with dealing with the customer service at Jackson National Life Insurance. They report that Jackson National makes it difficult to make changes to a policy or to get questions answered once they start paying their premiums. However, Most people that filed a complaint reported that their concerns were addressed and resolved.

Popular Products

The products Jackson National Life offers are unlike those offered anywhere else. Their annuities set them apart from the competition. They do not offer standard life insurance products, such as term or whole life insurance; instead, they offer investment products that enable clients to plan for the future whether that future is in a few short years or many years away. They help clients determine which annuity is right for them given their needs for future funds and their ability to handle a certain level of risk.

Employees

Jackson National Life Insurance employs more than 3,000 people throughout the United States. Jackson National considers its employee’s associates because of the integral part they play in the company’s success. The company provides ongoing education and support to its employees to ensure that every client receives the right information that they need to make the important decisions necessary regarding their retirement income.

Ratings

Jackson National Life Insurance received top ratings from many agencies. A.M. Best rated them with an A+, which is a superior rating. Fitch rates this company an AA rating, which is a very strong rating. Standard & Poor’s gave them an AA, which is a very strong rating and Moody’s gave them an A rating, which is considered good.

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Ross Quade
Ross Quade has been a licensed insurance agent since 2008. State of Texas license #1702965. He has a Bachelor Degree in Psychology from University of Minnesota and minored in Applied Economics. He has been quoted in several online publications including Huffington Post, Young Startups and various financial blogs. Ross frequently writes about issues related to the insurance and finance industry.
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