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By 1984, Jackson had grown to $1 billion in assets. The company's growth attracted the attention of Prudential plc, which acquired Jackson in 1986. [6] In 1995, the company launched its first variable annuity and began selling guaranteed investment contracts and funding agreements through its Institutional Products Department. [5]
Variable annuities have even higher fees and higher risk, so you’ll want to be extra thoughtful when considering if an annuity is the right investment for you. Here’s an overview of the pros ...
At its core, a variable annuity is designed to provide a steady stream of income during retirement. But these financial products are more complex, costlier and riskier than other types of ...
A variable annuity’s rate of return is based on the performance of underlying investments, similar to mutual funds, that invest in stocks, bonds or a mix of both. How much you receive depends on ...
A variable annuity lets you choose how to invest the money you put into the account. These investments typically involve mutual funds, and the rate of return depends on the performance of the funds.
McLellan has been an independent trustee for Jackson National Life Series Trust, an open-ended variable annuity equity fund launched and managed by Jackson National Asset Management, LLC since December 2003. He is chairman of Africa Continental Holdings, L.L.C., a consulting firm focusing on sub-Sahara Africa.
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