Jackson National unveils annuity

Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity. This product provides investors with a guaranteed minimum interest rate, plus a guaranteed minimum death benefit. By linking to either the proprietary Multi-Strategy Index or the Standard and Poor’s 500 Index—or a combination of both—investors can pick up additional interest. Jackson AscenderPlus Select provides advisers with the opportunity to choose between five, seven and 10-year indexed option periods. Advisers also have a choice between three index crediting options: annual reset point-to-point, annual reset monthly sum and annual reset with monthly averaging. Contract holders also have the choice of shifting their money among the fixed account and the two index accounts, as well as the selection of changing their index crediting method selection. “We have continued to focus on developing transparent fixed income annuity products that have features and benefits that help advisers create a diversified retirement portfolio for their clients,” said Steve Kluever, senior vice president, product management, Jackson National Life Distributors LLC of Denver. This new addition expands the company’s FIA product line to seven.