Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Jackson Adds Investment-Only Variable Annuity

By Allison Bell

X
Your article was successfully shared with the contacts you provided.

Jackson National Life Insurance Company has introduced a sequel to its Elite Access Advisory variable annuity contract.

The Nashville, Tennessee-based unit of Prudential P.L.C. has rolled out the Elite Access Advisory II contract.

Like the first version of the product, which was introduced two years ago, the product is an investment-only variable annuity (IOVA) contract aimed at fee-based advisors.

(Related: Jackson National Aims at Fee-Based, Investment-Only Market)

Contract holders pay no any mortality, expense or administration charges.

The is no surrender period, and there are no withdrawal charges.

Any portion of the contract can be withdrawn at any time prior to the income date.

Contract holders do have to pay a monthly contract charge of $20, and the funds in the investment subaccounts have charges for operating expenses.

The version of the contract introduced two years ago came with a three-year surrender period and a monthly contract charge of $10.

— Read Jackson Adds Annuities With Lifetime Benefits Option, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on LinkedIn and Twitter.

Allison Bell

Think_Allison

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.