Jackson National Life Insurance Company, based in Lansing, Michigan, is a leader in retirement planning. This company has chosen to dedicate its specialty to the retirement sector of investing. They believe, as a company, that retirement is an individualized thing that needs to be planned for on a personal basis, not a generalized plan. With this in mind, Jackson representative work with each of their clients on a personalized basis to create a retirement plan to fit there needs. The company specializes in annuities and offer three distinct products.
With an annuity you are creating an investment vehicle that will provide for your retirement. There are different types of annuities and risks involved in them. Understanding the different available products can help make retirement planning easier.
A variable annuity is a higher risk investment tool. Rate of return and possible monthly payments will be based on how well your individual investment does on the market. Jackson provides different investment options to choose from when you are purchasing your variable annuity.
There are over 35 different investment plans under this annuity structure and 90 money managers available. Working with a Jackson representative will help you make the right choices. You can, if you so choose, pick a guaranteed income for life option and guaranteed premium protection. There are no beneficiary benefits with a variable rate annuity.
Fixed Index Annuity
A fixed annuity is a lower risk product that guarantees a certain interest rate on your investment with the potential to earn more interest based on the index funds performance. This annuity also has beneficiary protection. If you die prior to receiving any payments, your heirs will inherit the premium amount plus any accrued interest.
Perhaps the safest of all annuity investments, fixed annuities will provide you with a lifetime of income once you reach 59 ½ and can give you a guaranteed interest rate as well as beneficiary protection. This annuity can be as adjusted to your income and your retirement plans.