Jackson National Life Insurance has introduced two registered index-linked annuities in commission-based and fee-based versions.
The Jackson Market Link Pro products offer five index choices, the company said in a release: the S&P 500, Russell 2000, MSCI EAFE, MSCI KLD 400 Social and MSCI Emerging Markets indexes. It said that investments may be allocated in any combination.
The company said that contract holders will be able to select one, or a combination, of two crediting methods: Cap crediting, which provides the opportunity to receive a positive index adjustment up to a stated cap rate if the index return is positive at the end of the index account option term, or a performance trigger crediting method providing the opportunity to receive a positive index adjustment equal to a stated performance trigger rate if the index return is flat or positive at the end of the index account option term.
One-year or six-year terms are available.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
