Anyone have any opinion on their annuity products?
Appreciate any feedback on this company and its products.
Appreciate any feedback on this company and its products.
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Anyone have any opinion on their annuity products?
Appreciate any feedback on this company and its products.
I use Jackson. The National Western ratings leave me cold, especially the S&P "A"... 6th highest.
Jackson just dropped some FIAs because the guaranteed minimum caps were too high. Now it's back to their "Elite Choice" but the caps on new business have all but guaranteed a best case scenario of around 3%.
Anyone have any opinion on their annuity products?
Appreciate any feedback on this company and its products.
I just went back to look at the new Jackson caps and I underestimated earlier. Using the Elite Choice at $100k+ will give you between 3.5% and 4% best case, unless you roll the dice and put some of the money in Monthly Sum. I don't like their Monthly Sum because it's a 2-year deal. Caps but no floor over 2 years can ruin the gains made in the Monthly Average and the Point-to-Point.That is the problem with FIAs right now in this environment best case is where existing money is already sitting at older annuities with guaranteed minimums of 3%.