Jackson Financial has launched two fixed index annuities: Jackson Income Assurance℠ and Jackson Income Assurance℠ Advisory. These products offer protected lifetime income and opportunities for guaranteed withdrawal balance growth. The new products aim to provide investors with a stable and predictable income stream.
Jackson Financial Inc. (NYSE: JXN) has recently launched two fixed index annuities, Jackson Income Assurance℠ and Jackson Income Assurance℠ Advisory, designed to provide investors with a stable and predictable income stream. These new products aim to meet the growing demand for guaranteed income and protected growth in retirement planning.
The Jackson Income Assurance℠ Suite includes an embedded guaranteed minimum withdrawal benefit (GMWB) that offers protected lifetime income and additional opportunities for guaranteed withdrawal balance (GWB) growth. The suite features an 8% annual roll-up credited daily for a maximum of 10 years, with partial withdrawals during the deferral period not reducing the roll-up. Additionally, the suite offers a 30% GWB premium bonus immediately applied to the GWB on initial and additional premiums received in the first year.
The new products are available in 7- and 10-year options, catering to different retirement timelines and individual needs. Both the commission-based Jackson Income Assurance and the fee-based Jackson Income Assurance Advisory offer these options, providing flexibility for financial professionals and their clients.
The advisory-friendly version of the annuity allows financial professionals to take the fee from the contract without negatively impacting the living benefit. This feature expands access to registered investment advisors who are increasingly utilizing annuities as part of their clients' retirement plans.
Jackson Financial's commitment to innovation and addressing evolving consumer needs is evident in the launch of these new fixed index annuities. The company aims to support a wide range of retirement planning goals and help more individuals achieve financial security with confidence.
For more information, financial professionals can contact Jackson Financial at 1-800-711-7397, connect with their local wholesaler, or visit [Jackson Financial's website](http://www.jackson.com/financial-professional).
References:
[1] https://finance.yahoo.com/news/jackson-launches-fixed-index-annuity-131500626.html
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