"jackson national life insurance company" - Jackson National Life Insurance (often referred to as Jackson) is an American company that offers life insurance and annuities. It is a subsidiary of insurer Prudential Plc, which bought the company for $ 608,000,000 in 1986. Founded in 1961, Jackson is in Lansing, Michigan. The company also has offices in Denver, Colorado. Santa Monica, California, Chicago, Illinois, Tampa, Florida, and Appleton, Wisconsin. The plans for a new office in Cool Springs, Tennessee were Announced 26 May 2010.
Jackson markets its products in 49 states and the District of Columbia through independent and regional broker, financial institutions and independent insurance agents. A subsidiary of Jackson, Jackson National Life Insurance Company of New York sold the same products in the U.S. state of New York.
Financial Information
In 2009, amid an economic downturn, growth in many key areas of Jackson has experienced. Sales of variable annuities rose 6500000000 $ in 2008 to U.S. $ 10 billion in 2009. Fixed index annuity increased by $ 928,000,000 in 2008-2200000000 in 2009. Net cash flow (total premium minus surrenders, exchanges and annuitizations) was $ 7.9 billion in 2009, an increase of 82% over 2008.
The sale of life insurance has fallen a total of $ 53,000,000 in 2009, down slightly from U.S. $ 58,000,000 in 2008. The sale of traditional fixed individual deferred annuities have also declined in 2009 to U.S. $ 1,600,000,000 of nearly 2008 U.S. $ 3200000000th
In 2009, Jackson ranked fourth in total retirement, variable annuities and fixed annuity sales. Jackson's market share for the entire pension sales increased by 4.0% in 2008 to 5.9% in 2009. The market share in sales of variable annuities by 4.3% in 2008 to 8.1% in 2009. Fixed market share of bond index by 3.5% in 2008 to 7.5% increase in 2009.
Curian Capital, a subsidiary of the separately managed accounts has grown from Michael Jackson in 2009. Deposits increased slightly to $ 1200000000 in 2009 to U.S. $ 1,100,000,000 in 2008, and assets under management have increased overall by 3.6 billion U.S. dollars in 2009 from U.S. $ 2, 6 billion in 2008.
have Jackson's financial strength ratings from major rating agencies unchanged for over seven years, even through the turbulent markets of 2009. In February 2010, the odds of Jackson the following [2]:
