In a possible sign of further improvement in the life insurance and annuity industry, Jackson National Life Insurance Co. announced it will establish a regional headquarter in Franklin, Tenn., a suburb of Nashville. It plans to hire 400 people to staff the campus.
Additionally, in Lansing, Mich., where Jackson is headquartered, the company plans to hire 50-100 people and expand its office capacity to accommodate a total of 2,100 employees.
“[Our] business model is founded upon efficiency and low expenses, so any decision we make to expand our workforce is never taken lightly,” said Clark Manning, Jackson’s president and chief executive, in a prepared statement. “Given Jackson’s rapid growth — which resulted in record total sales and deposits last year — and our expectations for future growth opportunities, we must proactively expand.”