Jackson National Life Insurance Company (often referred to as simply Jackson) is a
U.S.
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
company that provides annuities for retail investors and fixed income products for institutional investors. Jackson subsidiaries and affiliates provide specialized asset management and retail brokerage services. Jackson is a subsidiary of the British insurer,
Prudential plc
Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people.
Prudential has dual primary listings on the London Stock E ...
, which acquired the company for $608 million in 1986. The company is unrelated to the American insurance conglomerate,
Prudential Financial.
Founded in 1961, Jackson is headquartered in
Alaiedon Township,
Lansing, Michigan.
History
Jackson was named after
Andrew Jackson
Andrew Jackson (March 15, 1767 – June 8, 1845) was an American lawyer, planter, general, and statesman who served as the seventh president of the United States from 1829 to 1837. Before being elected to the presidency, he gained fame as ...
, the seventh President of the United States. Jackson was founded in 1961 in
Jackson, Michigan, and moved to its headquarters in Lansing, Michigan in 1976.
In the early years, the company focused on offering term insurance to individuals as an alternative to whole life products. Jackson was an early adopter of the independent distribution model, eliminating its captive agency sales force in 1970 to sell products through independent agents. 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.
In 1995, the company launched its first variable annuity and began selling guaranteed investment contracts and funding agreements through its Institutional Products Department.
In 1996, Jackson introduced its first fixed index annuity (FIA).
In March 2003, Jackson entered the registered investment adviser channel with the launch of Curian Capital LLC. Jackson's acquisitions of Life Insurance Company of Georgia in 2005 and SRLC America Holding Corp. (SRLC) in 2012 each added 1.5 million in-force life insurance and annuity policies to Jackson's books.
References
{{reflist
External links
Official Website
Prudential plc
Companies based in Lansing, Michigan
Life insurance companies of the United States
1961 establishments in Michigan
Financial services companies established in 1961