This review is of the Jackson National Health Insurance Company. Jackson National is a major insurance and finance company offering life insurance, annuities, and retirement planning services. They currently do not, nor have they ever, sold health insurance policies. Jackson National is licensed in 49 states plus Washington D.C., and with its subsidiary Jackson National Life Insurance Company of New York, it sells life insurance in all 50 states. It receives solid ratings in financial strength and has received awards for its outstanding customer service and satisfaction.
Jackson National Insurance Company Information
Jackson National was founded in 1961 as a private, family-owned, life insurance company named after Andrew Jackson, the 7th U.S. President. In 1975, the company expanded and began offering retirement solutions and annuities. The British company Prudential Plc purchased Jackson National in 1986, but the name remained the same. Jackson National has continued to grow throughout the past decade, and in 2009, their sales topped $15 billion. Today, Jackson National is led by president and chief executive officer Michael A. Wells.
Jackson National Insurance Company Ratings and Awards
Jackson National is a highly rated life insurance and financial services company. The following ratings show the financial stability of the company at the present time:
A.M. Best – A+ Superior
Fitch – AA Very Strong
Standard and Poor’s – AA Very Strong
Moody’s – A1 Good
Jackson National is also known for its customer service and satisfaction. From 2004 to 2010, it earned the World Class Customer Satisfaction Award. During this time, it also was presented with the Highest Customer Satisfaction in the Financial Sector Award.
Jackson National Insurance Company Contact Information
Jackson National is headquartered in Lansing, Michigan. If you would like to contact Jackson National regarding a life insurance policy, annuity, or with retirement planning questions, you can reach the company via their online contact form or phone, mail, or fax.
P.O. Box 24068
Lansing, MI 48909-4068
Automated 24/7 Policy Information – (877) 565-2968
Annuity and Life Insurance Services – (800) 644-4565
Customer Service representatives are available to speak with you from 8am to 8pm Eastern Standard Time, Monday through Friday.
Life Insurance — (517) 706-5552
Variable Annuities — (800) 701-0125
Other Annuities — (517) 706-5519
Jackson National Life Insurance Products
The only insurance products sold by Jackson National are life insurance products. These include various forms of universal life insurance and term life insurance. Customers can speak with a representative to help them determine the type of life insurance and specific policy that best meets their needs. The following are the general types of policies offered with several options available for each:
Variable Universal Life Insurance – Several variable premium options are available for individuals ages 0-90 with differing payout amounts
Universal Life Insurance – Several fixed premium options available for those ages 18-90 or 0-90 depending on the policy with differing payout amounts
Term Life Insurance – Available in terms of 10, 15, or 20 year terms for those ages 18-75; all policies can be renewed or converted to universal life policies
Jackson National Insurance Company Annuities
Jackson National also offers several different types of annuities to help you with retirement planning. The money in these is not taxed until you cash them out. Designed as retirement income, annuities may come with a penalty if you cash them out prior to age 60. The following types of annuities are offered by Jackson National:
Variable Annuities – These offer the possibility of higher returns, but come with more risk and may lose value
Fixed Annuities and Fixed Index Annuities – These are longer-term investments but are more secure and come with less risk involved
Jackson National Insurance Company Careers
Jackson National is a growing company currently seeking committed and qualified individuals for several positions. If you are interested in a job within the life insurance industry or financial planning sector, you can visit their website to view the wide range of job opportunities. Some of these include:
- Lead Software Developer
- Annuity Support Specialist
- Internal Wholesaler
- Advertising Analyst
You can apply for a position at Jackson National via fax or mail; however online applications are preferred. Jackson National offers competitive salaries and a benefits package that includes:
- Retirement Plans
- Group Life Insurance
- Disability Coverage
- Dependent Tuition Program
- On-Site Daycare
- Personal Days and Paid Holidays
Wellness Program, which provides you with:
- Gym Discounts
- Fitness Classes
- Weight Watchers at Work
- Free Flu Shots
Jackson National does not sell health insurance policies. Search for a company in your area that does. Click here now and enter your zip code for a list of current health insurance providers and rates.