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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]
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 ...
Jackson ® Approaches Upper Range for 2012 Variable Annuity Premium LANSING, Mich.--(BUSINESS WIRE)-- Jackson National Life Insurance Company® (Jackson) announced today the company is approaching ...
How a variable annuity works. There are two key components of a variable annuity: The accumulation phase and the payout phase. During the accumulation phase, which generally lasts several years ...
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
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 ...
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