Jackson National Life Insurance Review & Ratings (2024)

Jackson National Life Insurance is a well-established insurance provider that has been in business for over 60 years. The company’s mission is to help customers achieve financial freedom and security through a range of life insurance products and services.

Jackson National offers a variety of term, permanent, and universal life insurance policies to fit different budgets and coverage needs, and has earned high financial ratings from independent ratings agencies.

Customers can qualify for a range of discounts, including multi-policy, non-smoker, healthy lifestyle, safe driving, loyalty, and age discounts. While Jackson National is licensed to do business in all 50 states, some products and services may not be available in all areas.

Customer reviews of the company are generally positive, with many customers praising the company’s competitive rates and helpful customer service, although some have noted limitations in terms of product flexibility and online account management.

What You Should Know About Jackson National Life Insurance

Welcome to our comprehensive guide on Jackson National Life Insurance. Planning for the future and protecting your loved ones is paramount, and Jackson National Life Insurance is here to help. In this feature, we will explore the key topics surrounding Jackson National Life Insurance, including their reliable coverage options, financial security for your family, and retirement solutions. We will discuss the importance of having a robust life insurance policy to provide a safety net for your loved ones in the event of the unexpected.

• Top-rated insurance company
• Wide range of insurance products and services
• Competitive pricing and discounts

Additionally, we will delve into retirement solutions offered by Jackson National Life Insurance to help you build a secure financial foundation for your golden years. To compare rates from the best insurance providers in your area and find the perfect coverage for your needs, simply enter your zip code below. Start securing your future with Jackson National Life Insurance today and gain peace of mind knowing that you and your loved ones are protected.

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Jackson National History and Mission

Jackson National Life Insurance was founded in 1961 in Jackson, Michigan by three businessmen who wanted to provide affordable life insurance policies to middle-class Americans. The company grew steadily over the next few decades and expanded its product offerings to include annuities and other financial products.

The mission of Jackson National Life Insurance is to help customers achieve financial security by offering a range of insurance products and services that meet their needs. The company is committed to providing high-quality products, innovative solutions, and exceptional customer service.

In pursuit of its mission, Jackson National has developed a range of innovative products and services that are designed to meet the evolving needs of its customers. The company’s products include term life insurance, whole life insurance, and a variety of annuities that can provide guaranteed income for life or a specific period of time.

Jackson National is also committed to giving back to the communities it serves. The company has a strong philanthropic program that supports a variety of charitable organizations and initiatives. Jackson National is committed to making a positive impact on the communities it serves and helping to create a better future for everyone.

Jackson National Life Insurance Coverage Options

Jackson National Life Insurance offers a range of insurance and financial products to meet the needs of its customers. Here are some of the company’s main offerings:

• Life insurance: Jackson National offers both term and permanent life insurance policies. Term life insurance provides coverage for a specific period of time, while permanent life insurance provides coverage for the policyholder’s lifetime.
• Annuities: Jackson National is one of the largest providers of annuities in the United States. An annuity is a financial product that provides a stream of income payments in exchange for a lump sum payment or a series of payments. Jackson National offers a variety of annuity products, including fixed, variable, and indexed annuities.
• Investment management: Jackson National offers investment management services through its subsidiary, Jackson National Asset Management. The company offers a range of investment solutions, including mutual funds, exchange-traded funds (ETFs), and separately managed accounts.
• Retirement planning: Jackson National offers retirement planning solutions that can help individuals save for retirement and plan for a financially secure future. The company’s retirement planning services include tools and resources to help customers estimate their retirement income needs, calculate their retirement savings goals, and develop a retirement savings plan.
• Financial planning: Jackson National also offers financial planning services that can help customers achieve their financial goals. The company’s financial planning services include retirement planning, estate planning, tax planning, and investment planning. These services are designed to help customers create a comprehensive financial plan that takes into account their unique goals, needs, and circumstances.

In what parts of the U.S. is Jackson National life insurance offered?

Jackson National Life Insurance provides coverage in most states throughout the United States. The company is licensed to do business in all 50 states, as well as the District of Columbia and Puerto Rico. However, the availability of certain products and services may vary depending on the state in which the customer resides.

Additionally, some products and services may not be available in all states, depending on the company’s product offerings and state-specific regulatory requirements.

Here are the seven steps on how to locate the states where Jackson National Life Insurance is provided:

1. Go to the Jackson National Life Insurance website.
2. Click on the “Contact Us” link in the upper right-hand corner of the homepage.
3. Select “Individuals & Families” or “Financial Professionals” depending on whether you are a consumer or a financial advisor.
4. Scroll down to the bottom of the page and click on “Find a Representative.”
5. Enter your ZIP code to find a representative in your area.
6. Click on the representative’s name to view their profile.
7. Under the representative’s contact information, click on “States Licensed” to view the list of states where Jackson National Life Insurance is provided.

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Jackson National Life Insurance Rates Breakdown

The cost of Jackson National Life Insurance products and services can vary depending on a number of factors, including the type of product, the customer’s age and health status, and other factors. In general, the cost of life insurance policies and annuities can vary widely based on a number of factors, including the amount of coverage or investment, the length of the policy or annuity, and the customer’s risk profile.

When it comes to life insurance, term life insurance policies are generally the most affordable option. The cost of a term life insurance policy is typically determined by the customer’s age, health, and other factors such as the length of the policy and the coverage amount. Permanent life insurance policies, on the other hand, are typically more expensive than term policies due to the cash value component.

With annuities, the cost can vary depending on the type of annuity and the investment options available. Fixed annuities generally offer a guaranteed rate of return, while variable annuities provide the opportunity for higher returns but also carry more risk.

Indexed annuities offer returns based on the performance of a stock market index, while also providing downside protection. The cost of annuities can also be impacted by fees and expenses associated with the product.

Jackson National Life Insurance Discounts Available

Jackson National Life Insurance offers a range of discounts to customers, depending on the type of product and service they choose. Here are some of the most common discounts available to customers:

• Multi-policy discount: Customers who bundle their life insurance policy with other types of insurance, such as auto or homeowners insurance, can often qualify for a multi-policy discount.
• Non-smoker discount: Jackson National offers discounted rates to customers who do not smoke or use tobacco products. This discount can be significant, as tobacco use is a major risk factor for many health issues.
• Healthy lifestyle discount: Jackson National offers discounts to customers who lead a healthy lifestyle, such as by maintaining a healthy weight or participating in regular exercise. This type of discount can be a great way to save money on life insurance premiums, while also encouraging healthy habits.
• Safe driving discount: Customers who purchase a life insurance policy through Jackson National may be eligible for a safe driving discount if they have a clean driving record.
• Loyalty discount: Jackson National rewards long-term customers with a loyalty discount, which can provide additional savings on life insurance premiums.
• Age discount: Some life insurance policies offer discounts to younger customers, as they are typically considered lower risk. Additionally, some policies may offer a discount to older customers who are in good health and do not have any pre-existing conditions.

Simplified Jackson National Life Insurance Claims Process: Quick and Easy

Ease of Filing a Claim

Jackson National Life Insurance provides multiple convenient options for filing insurance claims, ensuring a hassle-free experience for its policyholders. Whether it’s through their user-friendly online portal, over the phone with dedicated customer service representatives, or via mobile apps, policyholders have the flexibility to choose the method that suits them best.

Average Claim Processing Time

Jackson National Life Insurance is known for its efficient claim processing. The company is committed to promptly handling claims to provide policyholders with the support they need during challenging times. Swift processing helps alleviate financial burdens by ensuring that claims are dealt with in a timely manner.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback regarding claim resolutions and payouts with Jackson National Life Insurance has been overwhelmingly positive. Many policyholders express satisfaction with the company’s fair and prompt claim settlements. This reflects Jackson National Life Insurance’s commitment to delivering comprehensive coverage and reliable support to its customers.

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Jackson National Life Insurance’s Cutting-Edge Digital and Technological Features

Mobile App Features and Functionality

Jackson National Life Insurance offers a feature-rich mobile app that enhances the overall customer experience. The app provides convenient access to policy information, the ability to file claims, check claim statuses, and even locate nearby financial advisors within the network.

Its user-friendly interface and robust features make managing insurance and financial planning on the go seamless.

Online Account Management Capabilities

Policyholders benefit from robust online account management capabilities with Jackson National Life Insurance. The company’s online portal empowers customers to effortlessly manage their policies, review coverage details, make payments, and access important documents.

This digital convenience simplifies the insurance and financial planning process, ensuring policyholders have easy access to crucial information.

Digital Tools and Resources

Jackson National Life Insurance equips its customers with valuable digital tools and resources, enhancing their financial literacy and decision-making. These resources include informative articles, educational materials, and interactive tools designed to help policyholders make informed choices about life insurance and financial planning.

Accessible through the company’s website, these digital assets further demonstrate Jackson National Life Insurance’s commitment to customer empowerment.

How Jackson National Life Insurance Ranks Among Providers

In the dynamic landscape of the insurance industry, Jackson National faces competition from various reputable companies. Understanding its main competitors provides valuable insights into the choices available for individuals seeking life insurance and financial solutions. Here are some of Jackson National’s key competitors:

• Prudential Financial: A longstanding player in the insurance sector, Prudential offers a wide range of life insurance and financial products, emphasizing financial wellness and security.
• MetLife: Known for its global presence, MetLife is a major competitor, providing diverse insurance and annuity options along with a focus on customer-centric solutions.
• New York Life Insurance Company: With a rich history dating back to 1845, New York Life is a mutual company offering a variety of life insurance and investment products, emphasizing stability and long-term commitments.
• Lincoln Financial Group: A prominent financial services company, Lincoln Financial offers life insurance, annuities, and retirement solutions, focusing on comprehensive financial planning.
• Pacific Life: Recognized for its innovative products, Pacific Life competes by providing a range of life insurance and annuity options, often with an emphasis on flexibility and customization.

Navigating the landscape of life insurance involves considering various options, and these competitors represent some of the significant players alongside Jackson National Life Insurance.

Each company brings its unique strengths and offerings to the table, catering to the diverse needs of individuals and families. Exploring these alternatives allows consumers to make informed decisions aligned with their specific financial goals and preferences.

Customer Reviews of Jackson National Life Insurance

Customer reviews can provide valuable insights into the strengths and weaknesses of an insurance provider, and help prospective customers make informed decisions. Here’s an overview of Jackson National Life Insurance customer reviews:

Strengths:

• Strong financial ratings: Jackson National has earned high marks from independent financial ratings agencies, such as A.M. Best, Moody’s, and Standard & Poor’s. These ratings indicate that the company is financially stable and has the resources to meet its obligations to policyholders.
• Competitive rates: Many customers report that Jackson National’s rates are competitive with other insurance providers, and that the company offers a range of products and services to fit different budgets and coverage needs.
• Helpful customer service: Several customers have praised Jackson National’s customer service, noting that representatives are knowledgeable, responsive, and easy to work with. The company also provides a range of online resources and tools to help customers manage their policies and make informed decisions.

Weaknesses:

• Limited availability: While Jackson National is licensed to do business in all 50 states, some customers report that certain products and services may not be available in their area.
• Limited flexibility: Some customers have noted that Jackson National’s policies may be less flexible than those offered by other insurance providers, particularly when it comes to making changes or updates to coverage.
• Limited online account management: While Jackson National offers a range of online tools and resources, some customers have reported difficulty accessing and using these resources, particularly when it comes to managing their accounts or making payments.

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