Jackson National Life Insurance Review [2024]
Jackson National Life Insurance Company is a leading annuity provider in the United States. Jackson National offers fixed, fixed index, and variable annuities to serve as strong investment options. A first-time investment between $2,000 and $25,000 is required to get started.
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Jeffrey Manola
Licensed Life Insurance Agent
Jeffrey Manola is an experienced life insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for life insurance with the most affordable term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide consumers with t...
Licensed Life Insurance Agent
UPDATED: Aug 17, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Aug 17, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Jackson National Life Insurance Overview
| Key Info | Company Specifics |
|---|---|
| Year Founded | 1961 |
| Current Executives | CEO - Michael Wells CFO - Axel Andre VP - Kenneth Stewart |
| Number of Employees | 4,800 |
| Total Sales / Total Assets | $22,200,000,000 / $297,600,000,000 |
| HQ Address | Jackson 1 Corporate Way Lansing, MI 48951 |
| Phone Number | 1-877-565-2968 |
| Company Website | www.jackson.com |
| Premiums Written | $21,511,557 |
| Best For | Annuities |
Jackson National Life Insurance, a subsidiary of Prudential, is a leading annuity provider in the United States. Offering a sort of permanent life insurance, Jackson National serves as a great option for financial investments.
We get it, there are countless life insurance companies to choose from. We’ve worked to make matters easier by compiling the Jackson National Life Insurance reviews, ratings, and more.
Not sure if you’ll qualify for affordable Jackson National Life Insurance products? Thankfully, there are always other options. It’s important to do comparison shopping to find the best rates.
Who is Jackson National Life?
Jackson National Life is an annuities and investment company out of Lansing, Michigan. Jackson National is a subsidiary of the popular life insurance company, Prudential.
Despite being advertised as a life insurance company, Jackson National primarily offers an assortment of annuities. Annuities tend to rely more on cash value than a death benefit, and thus carry less risk for the insurer.
What does Jackson National Life do? Its website suggests they are experts in financial management. They can manage investments to promote financial growth through annuities, equity management, and even commercial real estate. To book an appointment with the company, you should get the free Jackson National life insurance forms online.
Jackson National life insurance company phone number for general information is : (517) 381-5500
Read more: Michigan Life Insurance
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Accessing Jackson National Life Insurance Policy Information
If you’re looking to check the status or details of your insurance policy, the Jackson National life insurance policy free lookup tool is a valuable resource. This online tool allows policyholders to access their policy information without any cost, making it easier to manage your insurance details from the comfort of your home. Simply visit the Jackson National life insurance website, where you can find the policy lookup option under the customer service section.
For those needing to visit in person or seek additional support, Jackson National Life locations are available across various regions. These locations offer face-to-face assistance for policy inquiries, claims, and other insurance-related services. It’s always a good idea to find the nearest location to ensure you receive personalized help.
The Jackson National Life ratings provide insight into the company’s financial stability and service quality. These ratings, available through various financial rating agencies, reflect the company’s ability to meet its obligations to policyholders and its overall reputation in the insurance industry. Checking these ratings can help you make informed decisions about your insurance needs and the reliability of your insurance provider.
Is Jackson National Life Insurance a good company?
When talking about your finances, you want to be sure they’re in good hands. This Jackson National Life Insurance review will cover how strong the company is financially and with consumers.
Is Jackson National a Fortune 500 company? Well, not quite. That said, the company does have oversight from Prudential, which is a Fortune 500 company. This should add some comfort when looking to buy Jackson National Life Insurance products.
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Are Jackson National consumer feedback and ratings positive?
Jackson National Life reviews need some improvement according to the Better Business Bureau. They currently hold a 1.11 out of 5 for their average review via the BBB. Most of the Jackson National Life Insurance complaints were about billing or issues with products/services.
The Jackson National Life Insurance Company complaint index, provided by the National Association of Insurance Commissioners (NAIC), showed the company has made few improvements to complaints over recent years.
The Jackson National Life Insurance Company A.M. Best ratings suggest that the company has a strong financial outlook. You always want to check life insurance company ratings. How does Jackson National compare to other companies?
You’ll notice the Jackson National Life Insurance ratings and reviews could use some improvement for customer satisfaction despite having high credit scores. Their J.D. Power score suggests they are right around the industry average.
What Jackson National Life Insurance products are there?
Jackson National Life Insurance doesn’t sell traditional term life insurance policies. Instead, they offer annuities that behave similarly to permanent life insurance.
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Annuities and permanent life insurance are designed to build cash value that serves as an income source at some point, depending on your needs. Most annuity providers will have options that offer immediate or future income assistance.
Permanent insurance? Cash value? Annuity? We know there are a lot of life insurance terms out there. Our life insurance glossary might help if these are new terms to you.
What annuity products are offered through Jackson National?
Jackson National Life offers a few different annuities. All its annuities will build cash value, but there are subtle differences that make each annuity slightly different, as shown below.
Fixed Annuity: Jackson National fixed annuities offer a consistent premium that also delivers a guaranteed and constant rate of return. This means you can anticipate a specific percentage of interest on your account each year.
Fixed annuities are predictable and easy to use. In most cases, the insurer will be responsible for choosing the investment sources to assure you get your guaranteed rate. There is little risk associated with fixed annuities.
Fixed Index Annuity: Jackson National fixed index annuities have some similarities to fixed annuities. The key difference with fixed index annuities is that they reach new milestones or increments each year.
This means that even without a guaranteed return, your account won’t be able to drop below your account balance from the beginning of the year. Since you will be more proactive with your investment sources, there is more risk than a fixed annuity.
An index basically provides a threshold that your account won’t go below again.
Variable Annuity: Jackson National variable annuities hold the most potential return but have the greatest risk. The policyholder will be responsible for the investment sources and how those sources perform.
If the market crashes as it did at the start of the COVID-19 crisis, your sources very well may have dwindled away. On the contrary, they may have boosted as the market was rejuvenated just a few months later.
A variable annuity through Jackson National Life might be best for an educated investor.
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How much does Jackson National Life cost?
There is a large variance in the Jackson National Life Insurance rates since they aren’t traditional life insurance policies. What should I expect from the cost of investment? Since Jackson National relies on annuities, the cost is more about your initial investment.
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Jackson National offers an assortment of annuities within each of the aforementioned categories. Of those, you could expect to invest as little as $2,000 and all the way up to $25,000 as an initial investment.
Some Jackson National annuities have minimum additional premiums and minimum terms. Their guaranteed interest rates were at 1.75% in 2019. They also offered first-year interest rates of up to 5.75% for a nine-year insurance contract.
Navigating Support and Services with Jackson Annuity Company
When dealing with financial products, having reliable support is essential, and Jackson, an annuity company provides several avenues for assistance. Their dedicated Jackson annuity customer service team is available to help address any queries or concerns you might have regarding your annuities. Whether you need guidance on your investment options, help with account management, or have specific questions about your policy, the customer service team is a valuable resource.
For immediate assistance, you can contact the Jackson annuity phone number, which connects you directly with customer support representatives. This contact number ensures that you can quickly get in touch with a professional who can provide personalized support. Additionally, the Jackson annuity service team is focused on maintaining a high standard of service, ensuring that your interactions are efficient and effective.
Understanding the Process of Jackson National Life Insurance Policy Lookup
When managing your Jackson National Life insurance, it’s crucial to know how to perform a policy lookup. This process allows policyholders to access important information, such as coverage details, policy benefits, and beneficiary designations. By conducting a Jackson National Life insurance policy lookup, you can stay informed about your policy’s status, make timely updates, and ensure that your beneficiaries are accurately listed. This service is especially helpful for those who may have lost their original policy documents or need to confirm specific policy details.
A policy lookup is typically straightforward, often involving an online portal where you can enter your policy number and personal information to retrieve the data. For those unfamiliar with the process, Jackson National Life’s customer service can assist in guiding you through the necessary steps. Keeping track of your policy through regular lookups not only provides peace of mind but also empowers you to manage your life insurance effectively, ensuring that your loved ones are well-protected.
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Comprehensive Guide to Jackson Annuities
Jackson annuities is a key offering in the world of financial products, providing various investment options and services. This guide will cover essential aspects of Jackson annuities, including customer service, login procedures, performance, and more.
Jackson Annuities Customer Service
For any inquiries or assistance related to Jackson annuities, you can reach the Jackson Annuity contact team directly through their dedicated phone number for personalized support. Here are key resources for support:
- Jackson Annuities Customer Service: 00 1 517-381-5500
- Jackson Annuities Phone Number: 800-437-8854
- Jackson Annuity Contact Number: (877) 565-2968
How to Access Your Jackson Annuities Account
To manage your annuities, you will need to access your account online. Follow these steps:
-
Jackson Annuities Login:
- Visit the official Jackson annuities website.
- Click on the login section.
- Enter your credentials to access your account.
-
Jackson Annuity Login:
- Use the same login procedure as above.
- Ensure you use your registered email or username and password.
Understanding Jackson Annuities
Jackson Annuities Performance
Evaluating the performance of Jackson annuities can help you make informed investment decisions. Key metrics include:
- Jackson Annuities Performance: Review the historical performance and growth rates of different annuity products.
- Jackson Annuity Rates: Check the current rates applicable to your annuity investment.
Jackson Annuity Products and Investment Options
Jackson offers a variety of annuity products, each with unique features and benefits:
- Jackson Annuity Products: Explore different types of annuities available.
- Jackson Annuity Investment Options: Choose from a range of investment options to match your financial goals.
Fees and Forms
Understanding the costs associated with Jackson annuities is crucial:
- Jackson Annuity Fees: Review any fees related to account management and transactions.
- Jackson Annuity Forms: Obtain necessary forms for transactions, updates, or claims.
Customer Feedback and Ratings
It’s important to consider customer experiences and reviews:
- Jackson Annuities Reviews: Read customer reviews to gauge overall satisfaction.
- Jackson Annuity Reviews: Look for specific feedback on different annuity products.
- Jackson Annuity Rating: Check ratings to assess the quality and reliability of Jackson annuities.
The Jackson annuity review examines Jackson National life insurance’s fixed, fixed index, and variable annuities, including the company’s financial stability and customer feedback.
How do I make claims with Jackson National Life Insurance?
The expense of an annuity might be your first concern, and rightfully so. What happens when it’s time for somebody to get your invested money? How are claims processed and how do I contact them?
Jackson National Life Insurance does have all of the claims forms you need on its website. You’ll need to weed through the large assortment of documents to find the one you need.
There are documents for claims on disabilities, death benefits, terminal illnesses, accelerated benefits, and more. Considering there are so many documents, it might be worthwhile to call the Jackson National life insurance customer service phone number listed in the overview atop the page.
If you are using your Jackson National annuity for a death benefit, you’ll want to be sure your beneficiaries are aware of the policy. Having information such as the account number is always helpful, too.
What is the history of Jackson National Life Insurance?
Jackson National Life Insurance was founded in 1961 and admitted to the NAIC in 1976. They are currently a subsidiary of Prudential and are considered one of the largest life insurance providers in the United States.
The Jackson National Life Insurance market share for annuities was at 4.64% in 2019 and at 3.46% for life and annuities. Since the new millennium, Life Insurance Company of Georgia and Reassure America Life Insurance Company have both merged with Jackson National.
Who owns Jackson National Life Insurance? Since Prudential technically owns Jackson National, John F. Dryden might be considered the owner. Dryden is the founder of Prudential.
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What are the pros and cons of Jackson National Life Insurance?
We’ve covered a substantial amount of information about Jackson National Life. Here, we’ll simplify the essentials for Jackson National.
Pros of Jackson National Life
- Strong financial ratings
- Market share leader for annuities
- Good investment options
Cons of Jackson National Life
- No term life insurance
- Require substantial first-time investments
- Could improve company reviews
Jackson National Life Insurance Company seems to be a better investment company than a true life insurance provider. This may or may not be the right fit for you.
Jackson National Life Insurance: What’s the bottom line?
Looking for cheap Jackson National Life Insurance quotes? You might have some trouble finding those. You will, however, be able to find a strong assortment of Jackson National annuities for immediate or future supplemental income.
It’s always good to find insurance companies with strong financial ratings. If you’re interested in finding options comparable to Jackson National Life Insurance, it’s a good idea to shop for multiple quotes.
Frequently Asked Questions
What is Jackson National Life Insurance?
Jackson National Life Insurance is an insurance company that offers a wide range of life insurance and annuity products to individuals and families. They provide financial protection and investment options to help people achieve their long-term goals and secure their financial future.
What types of life insurance does Jackson National offer?
Jackson National Life Insurance offers several types of life insurance policies, including term life insurance, universal life insurance, and variable universal life insurance. Each type of policy has its own features and benefits, allowing individuals to choose the coverage that best suits their needs.
What is term life insurance?
Term life insurance is a type of life insurance that provides coverage for a specific period, typically 10, 20, or 30 years. If the insured person passes away during the term, the policy pays out a death benefit to the beneficiaries. Term life insurance is often more affordable than other types of life insurance and is commonly used to provide financial protection during specific periods, such as when raising children or paying off a mortgage.
What is universal life insurance?
Universal life insurance is a type of permanent life insurance that offers both a death benefit and a cash value component. It provides lifetime coverage as long as the premiums are paid. The policyholder has the flexibility to adjust the death benefit amount and premium payments over time. The cash value portion of the policy can grow tax-deferred and can be accessed or borrowed during the insured person’s lifetime.
What is variable universal life insurance?
Variable universal life insurance combines the flexibility of universal life insurance with investment options. With variable universal life insurance, policyholders can allocate their premium payments into different investment accounts, such as stocks, bonds, or mutual funds. The cash value of the policy fluctuates based on the performance of the chosen investments. However, it’s important to note that the policy’s cash value is subject to market risks, and there is a potential for loss.
What happened to Jackson National Life Insurance Company?
Jackson National Life Insurance Company experienced a rating downgrade due to changes in its financial outlook or other influencing factors. This could affect its credit ratings, which in turn impacts how investors and policyholders view the company’s stability.
What happened to Jackson National Life Insurance policies?
Jackson National Life Insurance policies remain valid and enforceable. However, if there was a downgrade in the company’s ratings, it may have implications for policyholders regarding the company’s overall financial stability and long-term security.
Is Jackson annuity a good investment?
Whether Jackson annuity is a good investment depends on individual financial goals, risk tolerance, and investment preferences. Jackson annuities are designed to provide a steady income stream or growth potential, but it’s essential to review the specific terms, performance, and fees associated with Jackson annuity products before investing.
What is a Jackson annuity?
A Jackson annuity is a financial product offered by Jackson National Life Insurance Company that provides a stream of income or investment growth over time. It typically involves periodic payments and can include various investment options and benefits depending on the specific annuity product.
What is Jackson National Life Insurance Company?
Jackson National Life Insurance Company is a financial services firm specializing in life insurance, annuities, and other investment products. It is known for offering various insurance and annuity solutions to individuals seeking financial security and investment growth.
Who owns Jackson Life Insurance?
Jackson Life Insurance is owned by Jackson National Life Insurance Company, which operates under its parent company, Prudential Financial. Prudential Financial, a major player in the financial services industry, oversees the operations and management of Jackson Life Insurance and its related products.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Jeffrey Manola
Licensed Life Insurance Agent
Jeffrey Manola is an experienced life insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for life insurance with the most affordable term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide consumers with t...
Licensed Life Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
