Jackson Adds Protected Lifetime Income Benefit to RILA Suite

Jackson National Life Insurance Company (Jackson), the main operating subsidiary of Jackson Financial Inc.¹ (NYSE: JXN), today launched +Income, an add-on benefit available for an additional charge, offering guaranteed² lifetime income³ through Jackson’s Market Link Pro suite of registered index-linked annuities (RILAs). +Income enables clients to create an immediate income stream or defer withdrawals, providing the opportunity to grow income over time.

RILAs are long-term, tax-deferred insurance contracts designed for retirement. They are subject to investment risk, the value will fluctuate, and loss of principal is possible. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met.

“Across the industry, RILAs are helping risk-averse consumers unlock protection opportunities and ways to potentially grow their assets,” said Brian Sward, Head of Product Solutions for Jackson National Life Distributors LLC (JNLD), the marketing and distribution business of Jackson. “With the addition of +Income, Jackson’s RILA offerings can now provide clients with guaranteed retirement income that can withstand unexpected market events, together with the same benefits they’ve become accustomed to when utilizing RILAs in their portfolio.”

Jackson’s Market Link Pro suite offers five index options that can be used in any combination, along with the flexibility to allocate funds through three crediting methods (not all crediting methods and/or protection options are available with all Index Account Option terms). Additionally, the suite can create a legacy through its built-in death benefits⁴, available at no additional charge. Enhancements to the suite were announced in June 2023, including the addition of an exclusive crediting method (Performance Boost), 3-year Index Account Option Terms and an intra-term Performance Lock feature.

Jackson continues to enrich its digital capabilities through its robust RILA Digital Ecosystem, a user-friendly, one-stop-shop for financial professionals and clients seeking more information about the company’s RILA offerings. The ecosystem showcases the features of the Jackson Market Link Pro Suite, including product benefits, marketing literature and current rates. It also provides access to a data-driven tool that enables clients to generate customized, hypothetical scenarios of the various RILA options. To coincide with the launch of +Income, the tool now includes a new option to illustrate how lifetime income can impact client portfolios.