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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. They are particularly well-known for their variable annuity products and have been a leader in the registered index-linked annuity (RILA) space. Jackson offers a broad range of products suitable for both accumulation and income needs.
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How we scored them
Income Options89/100
Financial Strength90/100
Fees & Costs78/100
Flexibility92/100
Customer Service85/100
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The tradeoffs
What works
- Massive asset base ($350B+) providing stability
- Leader in variable and RILA annuities
- Competitive income rider payouts
- Strong investment management capabilities
- Wide distribution network
What to watch
- Variable annuity fees can be complex
- Recent corporate restructuring (IPO from Prudential plc)
- Fixed annuity rates not always top-tier
- Some products have high minimum investments
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What you could receive
Estimated guaranteed lifetime income based on a single premium payment. Actual rates may vary.
| Investment | Age | Monthly | Annual | Guarantee |
|---|---|---|---|---|
| $100,000 | 60 | $530 | $6,360 | Lifetime |
| $250,000 | 65 | $1,480 | $17,760 | Lifetime |
| $500,000 | 65 | $2,960 | $35,520 | Lifetime |
| $1,000,000 | 70 | $6,700 | $80,400 | Lifetime |
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Fee schedule
| Fee type | Amount | Description |
|---|---|---|
| Mortality & Expense | 1.10% - 1.50% | Annual M&E charge on variable products |
| Income Rider Fee | 0.90% - 1.35% | Annual fee for optional income rider |
| Surrender Charge | Varies | Declining surrender charge schedule |
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Early withdrawal penalties
Charges apply to amounts above the annual free withdrawal (typically 10%).
| Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | Yr 6 | Yr 7 |
|---|---|---|---|---|---|---|
| 7% | 7% | 6% | 5% | 4% | 3% | 2% |
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Best fit for these buyers
Investors comfortable with market exposure
Those seeking variable annuity flexibility
Retirees wanting RILA downside protection with upside
Ages 45-65 in accumulation phase
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Frequently asked questions
Is Jackson National a good annuity company?
Jackson National earns an average rating of 0.0/5 across the 0 products we've reviewed, with an AM Best rating of A and S&P rating of A+. Their financial strength is rated "Excellent" with $350+ Billion in total assets. Jackson National is particularly strong in financial strength.
How much income can I get from a Jackson National annuity?
Income depends on your investment amount and age. For example, a $500,000 investment at age 65 could generate approximately $35,520 per year in guaranteed lifetime income. A $250,000 investment at the same age could generate about $17,760 per year.
What are the fees for Jackson National annuities?
Jackson National charges Mortality & Expense: 1.10% - 1.50%, Income Rider Fee: 0.90% - 1.35%, Surrender Charge: Varies. Fee structures vary by product — review the specific product details before purchasing.
What is the surrender period for Jackson National annuities?
Jackson National annuities typically have a 7-year surrender period. Charges start at 7% in year one and decline to 2% in the final year. Most products allow 10% annual free withdrawals without penalty.