Jackson issues its first structured annuity (RILA)
October 19, 2021 by Editorial Staff
Jackson National Life Insurance Company has entered the structured variable annuity market with two versions of a new registered index-linked annuity (RILA), one for securities-licensed advisers who earn sales commissions and one for those who charge asset-based fees.
The two contracts, Jackson Market Link Pro (JMLP) and Jackson Market Link Pro Advisory (JMLPA), represent Jackson’s first RILAs. The company, which recently separated from its long-time parent company, Prudential plc, which sells more traditional variable annuities by premium value in the US than any other insurer.
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