About Jackson National
Jackson National Life Insurance Company is one of the largest annuity providers in the United States, managing over $350 billion in assets. On this site Jackson is known for its RateProtector MYGA lineup, the MarketProtector fixed indexed annuity, and the Income Assurance income annuity. Jackson offers products suitable for both accumulation and income needs.
The tradeoffs
What works
- Massive asset base ($350B+) providing stability
- MYGA, fixed indexed and income annuities from one carrier
- Competitive income rider payouts
- Strong investment management capabilities
- Wide distribution network
What to watch
- Recent corporate restructuring (IPO from Prudential plc)
- Fixed annuity rates not always top-tier
- Some products have high minimum investments
What you could receive
Live projection for Income Assurance 10 with Income Assurance GMWB 10 year, single life, issue age 62, income beginning at age 75. Illustrative, not a quote; figures refresh from Annuity Rate Watch.
| Premium | Monthly | Annual |
|---|---|---|
| $250,000 | $5,064 | $60,770 |
| $500,000 | $10,128 | $121,539 |
| $1,000,000 | $20,257 | $243,078 |
Income rider fees
Disclosed charges for optional riders on Jackson products, live from Annuity Rate Watch. Product-level detail is on each review.
| Rider | Product | Fee |
|---|---|---|
| Income Assurance GMWB | Income Assurance 10 | 1.10% annually (3.00% max) |
| Income Assurance GMWB 10 year | Income Assurance 10 | 1.10% annually |
| Income Assurance GMWB 7 Year | Income Assurance 7 | 1.10% annually (3.00% max) |
| IncomeAccelerator | MarketProtector 7-Year | 1.10% annually (2.20% max) |
Best fit for these buyers
Savers wanting a 3, 5 or 7 year MYGA (RateProtector)
Retirees considering an income annuity with a 7 or 10 year surrender period (Income Assurance)
Ages 45-65 in accumulation phase
Frequently asked questions
Is Jackson National a good annuity company?
We have reviewed 7 Jackson National products, and A.M. Best rates the carrier A for financial strength. We describe its financial position as "Excellent" with $350+ Billion in total assets.
How much income can I get from a Jackson National annuity?
Income depends on your premium, age, and start date. At our benchmark scenario (single life, issue age 62, income beginning at age 75), Jackson National's highest-paying income product (Income Assurance 10) currently projects about $121,539 per year on a $500,000 premium, or $60,770 on $250,000. Figures are illustrative, based on live Annuity Rate Watch data, and are not a quote.
What are the fees for Jackson National annuities?
Fee structures vary by product. Optional income riders on Jackson National products carry disclosed charges, for example Income Assurance GMWB (Income Assurance 10): 1.10% annually (3.00% max); Income Assurance GMWB 10 year (Income Assurance 10): 1.10% annually ; Income Assurance GMWB 7 Year (Income Assurance 7): 1.10% annually (3.00% max). See each product review for the full fee detail.
What is the surrender period for Jackson National annuities?
Surrender periods on Jackson National's current lineup run 3–10 years, depending on the product. Most products allow an annual free-withdrawal amount before charges apply. The product table above shows each product's surrender length, and each review covers the exact schedule.