Jackson Launches Elite Access AdvisorySM

Insurance Weekly News

By a News Reporter-Staff News Editor at Insurance Weekly News -- Jackson National Life Insurance Company® (Jackson®) announced the launch of Elite Access (EA) Advisory, the company's first fee-based investment only variable annuity (IOVA). EA Advisory is a variable annuity designed to enhance traditional investing with expertly-constructed portfolios, diverse investment options and tax advantages.

Greg Cicotte, executive vice president and chief distribution officer for Jackson, said the launch of EA Advisory broadens the company's entrance into the fee-based space, as this product is a fast follower to the introduction of Perspective AdvisorySM, Jackson's first fee-based variable annuity, released in September 2016.

"As advisors and their firms continue to determine how best to comply with the U.S. Department of Labor (DOL) fiduciary rules, we've seen increased market demand for products compatible with fee-based accounts," Cicotte said. "At Jackson, we've always made it a top priority to support our distribution partners and their clients. Our ability to continually evolve our suite of product offerings allows us to provide flexible, quality options for advisors to more effectively conduct their businesses and meet the needs of their clients."

EA Advisory's key features include: Compensation structure: Advisor compensation is fee-based, rather than commission-based. Product cost: Contract charge of $10 per month.1 There is no mortality, expense and administration charge. Surrender period: Three-year withdrawal charge schedule of 2 percent, 2 percent, 1 percent and 0 percent thereafter. Investment freedom: More than 100 investment options are available, offering access to world-class money managers and the flexibility to design a portfolio that meets consumers' unique investing needs.2 Free annual withdrawals: Ability to withdraw the greater of the contract's earnings or 10 percent of the contract's remaining premium each year, free of charge.3 In today's investing environment, advisors face a long list of considerations when recommending products for their clients, said Bill Burrow, national sales director of investment only and advisory variable annuities for Jackson National Life Distributors LLC (JNLD).

"Market volatility, interest rate uncertainty, tax burdens and the ever-changing regulatory environment are just a few of the investing hurdles that are present today," said Burrow. "EA Advisory is designed to address those challenges, allowing advisors and their clients to prepare for all market conditions, manage their risk tolerance and seek new growth opportunities. As a leader in the IOVA space since the launch of Elite Access® in 2012, we're proud to honor our commitment to investment freedom and offer a version of this innovative product that will appeal to advisors who prefer a fee-based business model."

Jackson is committed to providing education, service support and digital tools to increase the ease of doing business through a new product offering. Financial professionals who would like to learn more about EA Advisory can contact Jackson at 800/711-JNLD (5653) or visit www.jackson.com. About Jackson National Life Insurance Company Jackson is a leading provider of retirement products for industry professionals and their clients. The company offers a diverse range of products including variable, fixed and fixed index annuities designed for tax-efficient accumulation and distribution of retirement income for retail customers, and fixed income products for institutional investors. Jackson subsidiaries and affiliates provide specialized asset management and retail brokerage services. With $230.4 billion in IFRS assets*, Jackson prides itself on product innovation, sound corporate risk management practices and strategic technology initiatives. Focused on thought leadership and education, the company develops proprietary research, industry insights and financial representative training on retirement planning and alternative investment strategies. Jackson is also dedicated to corporate social responsibility and supports charities focused on helping children and seniors in the communities where its employees live and work. For more information, visit www.jackson.com.

Keywords for this news article include: Insurance Companies, Investment and Finance, Jackson National Life Insurance Company.