Jackson National Life Insurance Company recently added several enhancements to its existing family of variable annuities, in the form of new investment options sub-advised by Franklin Templeton Investments, Credit Suisse Asset Management, and Pacific Investment Management Company LLC (PIMCO).
These products have been added to the portfolio lineup within Jackson's variable annuity offerings, and each features a distinct, long-term asset allocation strategy, which enable advisors to choose an appropriate investment option for their individual clients, depending on their unique financial objectives, the company said in a statement.
The joint option on two of Jackson's guaranteed minimum withdrawal benefits (GMWBs), which are now available within ERISA-qualified contracts, has also been upgraded and a 5% premium credit option, which applies to each premium payment received during the first year of the contract, has been added, the company stated.
"Jackson's approach to product development is based on two key factors--the input we gather from our advisor partners and a culture of innovation," Steve Kluever, senior vice president of product and investment management for Jackson National Life Distributors LLC said in the statement. "Together, these factors enable Jackson to offer advisers new living benefits and a diversified range of investment options from the industry's top money managers in a timely manner. In addition, the unbundled design of our variable annuity products allows advisers the flexibility to build a product with only those living benefits and investment options that fit their clients' individual financial situations."