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January 17, 2006 at 12:30 PM
Jackson National Life Insurance Company is adding new variable annuity investment choices aimed at customers who want exposure to the stock market without the need to pick their own investments.
Jackson National, Lansing, Mich., a unit of Prudential P.L.C., London, says it has added 4 “Target Date” portfolios to its Perspective variable annuities and 1 Target portfolios that tries to diversify assets using a different strategy.
The new Target Date portfolios are designed for investors who intend to retire in 2015, 2020 or 2025, or are already retired.
