10.22.24

Jackson Gives a New Spin on Its Investment-Focused VAs

by: InvestmentNews

Jackson National is adding a living benefits rider to a variable annuity (VA) it debuted over a decade ago as a bare-bones investment-focused product. The company announced that it is pairing a guaranteed minimum account balance rider with its Elite Access line of variable annuities. That optional feature, which costs 90 basis points (bps) for a 10-year guarantee and 100 bps for a seven-year guarantee, ensures that account balances won’t go down, even if the underlying investments in it lose value. “The addition of Principal Guard to Jackson’s Elite Access Suite positions us to better meet the evolving market demand for protection-oriented products,” said Brian Sward, head of product solutions for Jackson National Life Distributors.

Read the full article on InvestmentNews