- Jackson National Life Insurance Company adds Nasdaq 100 Index option to its registered index-linked annuities.
- New products offer full principal protection options, enhancing Jackson's annuity product suite.
- Enhancements include increased guaranteed withdrawal rates for variable annuities.
Jackson National Life Insurance Company, a subsidiary of Jackson Financial Inc. (JXN, Financial), recently announced the launch of its latest registered index-linked annuities (RILAs) - the Jackson Market Link Pro III (JMLPIII) and Jackson Market Link Pro Advisory III (JMLPAIII). These new products provide asset growth potential before and during retirement and offer protection options to safeguard against unforeseen market events.
A key feature of these annuities is the introduction of the Nasdaq 100 Index option, broadening the investment lineup to cater to increased consumer interest in the tech sector. The annuities include multiple index options without restrictions on selection, allowing consumers to manage their portfolios without tax consequences.
The new offerings also introduce a 100% buffer protection option, granting full principal protection across various crediting methods, such as the 1-year Cap, 3-year Cap, and 6-year Cap, ensuring clients can maintain equity-like returns even in volatile markets. Additionally, a Floor protection option is available to guard retirement assets against market downturns.
Moreover, Jackson has made enhancements to its variable annuities, increasing the Guaranteed Annual Withdrawal Amount Percentages (GAWA%) for single and joint life living benefits and raising the Guaranteed Withdrawal Balance (GWB) adjustments to 200% for its Flex Plus benefits. These enhancements are aimed at providing higher guaranteed income growth for clients.
For financial professionals interested in Jackson's recent product enhancements, they can contact the company directly or visit their website for more detailed information. Jackson remains committed to clarifying retirement planning complexities and providing innovative solutions for securing financial futures.
