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Company Details
Jackson National Life Insurance Company |
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Information about Jackson National Life Insurance Company
5901 Executive Drive, Lansing, MI 48911
About The Company: In their own words
Jackson National Life´s 39-year history is one of uninterrupted service and growth. As one of the largest life insurance and financial services organizations in the United States, JNL is an industry leader in the areas of fixed, indexed, and variable annuities, as well as term and permanent life insurance. JNL is wholly owned by England´s Prudential plc, founded in 1848 and one of the largest insurers in the world (not affiliated with Prudential Insurance Company of America).
Industry Ratings:
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| Service |
Rating |
Reviews |
| A.M. Best |
A+ |
Statutory Financial Condition |
| Fitch |
AA- |
Financial Strength |
| Standard & Poor´s |
AA |
Financial Strength |
| Moody´s |
A1 |
Financial Strength |
Industry Rankings:
- 11th largest U.S. life insurance company ranked by General Account Assets
- 20th largest life insurance company ranked by statutory surplus plus Asset Valuation Reserve and Interest Maintenance Reserve
- 21st largest U.S. life insurance company ranked by total assets
* Rankings compiled by Townsend & Schupp as of 12/02
2002 Financial Overview:
|
| GAAP Basis: |
2002 |
2001 |
2000 |
1999 |
| Total assets |
$55.0 billion |
$49.3 billion |
$45.3 billion |
$41.7 billion |
| Policy reserves* |
$99.7 billion |
$40.9 billion |
$38.4 billion |
$36.4 billion |
| Stockholder´s equity |
$3.8 billion |
$3.1 billion |
$2.9 billion |
$2.5 billion |
| Total statutory premium (excluding GIC rollovers) |
$8.9 billion |
$7.1 billion |
$7.8 billion |
$7.1 billion |
| Total revenues |
$2.1 billion |
$2.1 billion |
$3.1 billion |
$3.1 billion |
| Net investment income |
$2.4 billion |
$2.4 billion |
$2.6 billion |
$2.5 billion |
| Pretax operating income** |
$285.6 million |
$414.5 million |
$671.9 million |
$661.7 million |
| Net realized investment gains (losses) |
$408.4 million |
$293.9 million |
$(120.9) million |
$44.3 million |
| Net income |
$(277.3) million |
$(420.5) million |
$398.1 million |
$466.3 million |
Source: Jackson National Life
ratingsare determined by independent ratings services based on information provided by the life insurance company. Each ratings service has it´s own criteria used in determining the rating they assign to an insurance company. Ratings are updated annually. Ratings are not a guarantee of an insurance company´s present or future ability to meet its contractual obligations.
ratings, financial data, and descriptions of policies and benefits are provided by the insurance company and this information may change at any time.
Insurance policy information:
Level premium term insurance: Plan name: Reward Xtra
premiumperiods and policy form numbers:
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| Policy Name |
Level Premium Years |
Guaranteed Years |
Policy Form # |
| Reward Xtra 10 |
10 |
10 |
L1665 & state variations |
| Reward Xtra 15 |
15 |
15 |
L1665 & state variations |
| Reward Xtra 20 |
20 |
20 |
L1665 & state variations |
| Reward Xtra 30 |
30 |
30 |
L1665 & state variations |
Premiums increase annually after the initial level premium period
Riders and Options:
Waiver of Premium: Waiver of premium coverage ceases at age 60. The Company will waive up to 5 year´s premium if the primary insured is unable to work at his/her regular occupation. If after 5 years, the insured is unable to work at any occupation, the benefit will continue.
Conversion: Available at any time before attained age 80.
Terminal Illness Rider: (Form #9357) The Company will pay an accelerated benefit to the Owner if the insured is diagnosed with a non-correctable medical condition that will, with reasonable medical certainty, result in the death of the insured within 12 months. The amount of the accelerated benefit provided shall be that amount requested by the Owner up to 100% of the policy face amount, subject-to an aggregate maximum of $250,000. Certain adjustments apply, See rider language for specific provisions.
Modal Premium (multiply the annual premium by these factors): Semi-Annual: .51; Quarterly: .26; PAC Monthly: .0875.
*Rates for other classifications
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