Jackson National Life
Jackson National Life acquired Life Insurance Company of Georgia in 2005 and America Life Insurance Company in 2012, which increased its overall policy count to over 1 million. Jackson National offers annuities to supplement retirement and increase income as a key component of financial planning. The Better Business Bureau has dropped the Jackson National Life Insurance rating from an A+ down to a C+ due to a few poorly handled complaints.
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UPDATED: Dec 29, 2020
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Mid-June, 2014: Assets: $206.8 billion
- Jackson National Life Insurance Co. of New York
- Brooke Life Insurance Company
Company History: Jackson National Life was founded in 1961. By 1975 the company had introduced its first flexible premium annuity and by 1998 the company had begun to distribute its products to all 50 states.
In 2005 Jackson acquired Life Insurance Company of Georgia which doubled its policy count and in 2012 the company acquired Reassure America Life Insurance Company which increased its policy count by over 1 million.
In 2013 Jackson was the #1 seller of annuities nationwide and the 8th largest life insurance company nationwide (ranked by total statutory assets).
Principle Sales Methods: Independent agents and brokers.
Life Annuity Business: Jackson National sells a variety of annuity choices. The company offers variable annuities, fixed index annuities, and fixed annuities. The company also offers retirement planning.