Jackson National Life Insurance Review & Ratings (2023)

Jackson National Life Insurance is a top-rated insurance company that offers a wide range of insurance products and services. With a rich history and strong mission to help customers achieve financial security, the company has built a reputation for excellence in the industry.

Jackson National offers policies in most states and provides competitive pricing and discounts to customers. Customers report high levels of satisfaction with the company’s products, services, and customer support, and few complaints have been filed against the company.

Key Attributes of Jackson National Life Insurance:

• Top-rated insurance company
• Wide range of insurance products and services
• Competitive pricing and discounts

Jackson National Life Insurance is a leading provider of life insurance and annuities. The company has a rich history that dates back over 60 years and a strong mission to help customers achieve financial security. Jackson National offers a wide range of insurance products and services, including term life insurance, whole life insurance, and annuities.

The company’s products are available in most states and are priced competitively. In this review, we will explore the history and mission of Jackson National Life Insurance, its products and services, pricing, discounts, customer reviews, strengths, and weaknesses.

Jackson National History and Mission

Jackson National Life Insurance was founded in 1961 in Jackson, Michigan by three businessmen who wanted to provide affordable life insurance policies to middle-class Americans. The company grew steadily over the next few decades and expanded its product offerings to include annuities and other financial products.

The mission of Jackson National Life Insurance is to help customers achieve financial security by offering a range of insurance products and services that meet their needs. The company is committed to providing high-quality products, innovative solutions, and exceptional customer service.

In pursuit of its mission, Jackson National has developed a range of innovative products and services that are designed to meet the evolving needs of its customers. The company’s products include term life insurance, whole life insurance, and a variety of annuities that can provide guaranteed income for life or a specific period of time.

Jackson National is also committed to giving back to the communities it serves. The company has a strong philanthropic program that supports a variety of charitable organizations and initiatives. Jackson National is committed to making a positive impact on the communities it serves and helping to create a better future for everyone.

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Products and Services Offered by Jackson National

Jackson National Life Insurance offers a range of insurance and financial products to meet the needs of its customers. Here are some of the company’s main offerings:

• Life insurance: Jackson National offers both term and permanent life insurance policies. Term life insurance provides coverage for a specific period of time, while permanent life insurance provides coverage for the policyholder’s lifetime.
• Annuities: Jackson National is one of the largest providers of annuities in the United States. An annuity is a financial product that provides a stream of income payments in exchange for a lump sum payment or a series of payments. Jackson National offers a variety of annuity products, including fixed, variable, and indexed annuities.
• Investment management: Jackson National offers investment management services through its subsidiary, Jackson National Asset Management. The company offers a range of investment solutions, including mutual funds, exchange-traded funds (ETFs), and separately managed accounts.
• Retirement planning: Jackson National offers retirement planning solutions that can help individuals save for retirement and plan for a financially secure future. The company’s retirement planning services include tools and resources to help customers estimate their retirement income needs, calculate their retirement savings goals, and develop a retirement savings plan.
• Financial planning: Jackson National also offers financial planning services that can help customers achieve their financial goals. The company’s financial planning services include retirement planning, estate planning, tax planning, and investment planning. These services are designed to help customers create a comprehensive financial plan that takes into account their unique goals, needs, and circumstances.

How much does Jackson National life insurance cost?

The cost of Jackson National Life Insurance products and services can vary depending on a number of factors, including the type of product, the customer’s age and health status, and other factors. In general, the cost of life insurance policies and annuities can vary widely based on a number of factors, including the amount of coverage or investment, the length of the policy or annuity, and the customer’s risk profile.

When it comes to life insurance, term life insurance policies are generally the most affordable option. The cost of a term life insurance policy is typically determined by the customer’s age, health, and other factors such as the length of the policy and the coverage amount. Permanent life insurance policies, on the other hand, are typically more expensive than term policies due to the cash value component.

With annuities, the cost can vary depending on the type of annuity and the investment options available. Fixed annuities generally offer a guaranteed rate of return, while variable annuities provide the opportunity for higher returns but also carry more risk.

Indexed annuities offer returns based on the performance of a stock market index, while also providing downside protection. The cost of annuities can also be impacted by fees and expenses associated with the product.

In what parts of the U.S. is Jackson National life insurance offered?

Jackson National Life Insurance provides coverage in most states throughout the United States. The company is licensed to do business in all 50 states, as well as the District of Columbia and Puerto Rico. However, the availability of certain products and services may vary depending on the state in which the customer resides.

Additionally, some products and services may not be available in all states, depending on the company’s product offerings and state-specific regulatory requirements.

Here are the seven steps on how to locate the states where Jackson National Life Insurance is provided:

1. Go to the Jackson National Life Insurance website.
2. Click on the “Contact Us” link in the upper right-hand corner of the homepage.
3. Select “Individuals & Families” or “Financial Professionals” depending on whether you are a consumer or a financial advisor.
4. Scroll down to the bottom of the page and click on “Find a Representative.”
5. Enter your ZIP code to find a representative in your area.
6. Click on the representative’s name to view their profile.
7. Under the representative’s contact information, click on “States Licensed” to view the list of states where Jackson National Life Insurance is provided.

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Jackson National Life Insurance Discounts Available

Jackson National Life Insurance offers a range of discounts to customers, depending on the type of product and service they choose. Here are some of the most common discounts available to customers:

• Multi-policy discount: Customers who bundle their life insurance policy with other types of insurance, such as auto or homeowners insurance, can often qualify for a multi-policy discount.
• Non-smoker discount: Jackson National offers discounted rates to customers who do not smoke or use tobacco products. This discount can be significant, as tobacco use is a major risk factor for many health issues.
• Healthy lifestyle discount: Jackson National offers discounts to customers who lead a healthy lifestyle, such as by maintaining a healthy weight or participating in regular exercise. This type of discount can be a great way to save money on life insurance premiums, while also encouraging healthy habits.
• Safe driving discount: Customers who purchase a life insurance policy through Jackson National may be eligible for a safe driving discount if they have a clean driving record.
• Loyalty discount: Jackson National rewards long-term customers with a loyalty discount, which can provide additional savings on life insurance premiums.
• Age discount: Some life insurance policies offer discounts to younger customers, as they are typically considered lower risk. Additionally, some policies may offer a discount to older customers who are in good health and do not have any pre-existing conditions.

Customer Reviews of Jackson National Life Insurance

Customer reviews can provide valuable insights into the strengths and weaknesses of an insurance provider, and help prospective customers make informed decisions. Here’s an overview of Jackson National Life Insurance customer reviews:

Strengths:

• Strong financial ratings: Jackson National has earned high marks from independent financial ratings agencies, such as A.M. Best, Moody’s, and Standard & Poor’s. These ratings indicate that the company is financially stable and has the resources to meet its obligations to policyholders.
• Competitive rates: Many customers report that Jackson National’s rates are competitive with other insurance providers, and that the company offers a range of products and services to fit different budgets and coverage needs.
• Helpful customer service: Several customers have praised Jackson National’s customer service, noting that representatives are knowledgeable, responsive, and easy to work with. The company also provides a range of online resources and tools to help customers manage their policies and make informed decisions.

Weaknesses:

• Limited availability: While Jackson National is licensed to do business in all 50 states, some customers report that certain products and services may not be available in their area.
• Limited flexibility: Some customers have noted that Jackson National’s policies may be less flexible than those offered by other insurance providers, particularly when it comes to making changes or updates to coverage.
• Limited online account management: While Jackson National offers a range of online tools and resources, some customers have reported difficulty accessing and using these resources, particularly when it comes to managing their accounts or making payments.

In Summary: Jackson National Life Insurance

Jackson National Life Insurance is a well-established insurance provider that has been in business for over 60 years. The company’s mission is to help customers achieve financial freedom and security through a range of life insurance products and services.

Jackson National offers a variety of term, permanent, and universal life insurance policies to fit different budgets and coverage needs, and has earned high financial ratings from independent ratings agencies.

Customers can qualify for a range of discounts, including multi-policy, non-smoker, healthy lifestyle, safe driving, loyalty, and age discounts. While Jackson National is licensed to do business in all 50 states, some products and services may not be available in all areas.

Customer reviews of the company are generally positive, with many customers praising the company’s competitive rates and helpful customer service, although some have noted limitations in terms of product flexibility and online account management.