Jackson to offer advisory variable and fixed index annuities through
DPL in carrier’s first partnership targeting independent RIAs
LOUISVILLE, Ky.–(BUSINESS WIRE)–DPL Financial Partners (“DPL”), the insurance network for registered
investment advisors (“RIAs”), and Jackson
National Life Insurance Company® (“Jackson®”) announced that they
are teaming up to bring the carrier’s popular advisory annuity products
to fee-only advisors in what represents Jackson’s first distribution
partnership targeting the independent RIA channel. Three of the
carrier’s commission-free products are now available to RIAs nationwide
through DPL’s platform: two variable annuities – Perspective Advisory IISM
and Elite Access Advisory IISM – and one fixed index annuity,
“Jackson has long been a market leader in variable annuities, and we are
excited to be their partner in launching their fee-based products to the
independent RIA market,” said DPL Founder and CEO David Lau. “Between
Perspective Advisory II’s expansive rider options with investment
freedom, Elite Access Advisory II’s tax advantages with a robust
variable annuity investment platform and MarketProtector Advisory’s
downside protection without a surrender charge, it’s easy to see that
Jackson is at the forefront in developing commission-free annuities.”
Since its launch in 2017, Jackson’s Perspective Advisory II has been one
of the leading advisory variable annuities. The product’s many rider
options allow individuals to customize their choices to meet unique
needs and goals, while investment freedom gives RIAs the ability to work
with their clients to build a diversified portfolio that is customized
to meet their clients’ individual priorities and preferences, rather
than locking them into restrictive allocation models.
“Consumers want and need choices, and Jackson is committed to working
with advisors to provide a spectrum of options that meet consumer
preferences,” said Scott Romine, President, Advisory Solutions, Jackson
National Life Distributors LLC (JNLD). “DPL has been a valued partner as
we prepare to launch our commission-free products into the independent
RIA market. Their RIA-centric platform will help expand Jackson’s
distribution footprint and we are excited to partner with them.”
To learn more about the full suite of Jackson annuities now available
through DPL’s platform, please visit www.dplfp.com.
About DPL Financial Partners
DPL Financial Partners is an RIA insurance network that brings low-cost,
commission-free insurance solutions from a variety of the nation’s top
carriers to RIA practices. DPL insurance consultants are product and
carrier agnostic. Our consultants work for RIAs, not an insurance
carrier, and work to employ solutions that seek to optimize financial
outcomes for RIA clients. DPL offers a full suite of life and annuity
Jackson is a leading provider of retirement products for industry
professionals and their clients. The company and its affiliates offer
variable, fixed and fixed index annuities designed for tax-efficient
growth and distribution of retirement income for retail customers, as
well as products for institutional investors. Jackson is a proud
founding member and co-chair of the Alliance for Lifetime Income, a
nonprofit 501(c)(6) organization formed and supported by 24 of the
nation’s financial services organizations to create awareness and
educate Americans about the importance of protected lifetime income.
With $264.9 billion in IFRS assets*, the company prides itself on sound
corporate risk management practices and strategic technology
initiatives. Focused on thought leadership and education, Jackson
provides industry insights and financial representative training on
retirement planning and alternative investment strategies. The company
is also dedicated to corporate philanthropy and supports nonprofits
focused on strengthening families and creating economic opportunities in
the communities where its employees live and work. For more information,
*Jackson has $264.9 billion in total IFRS assets and $251.6 billion
in IFRS policy liabilities set aside to pay primarily future policyowner
benefits (as of June 30, 2018). International Financial Reporting
Standards (IFRS) is a principles-based set of international accounting
standards for reporting financial information. IFRS is issued by the
International Accounting Standards Board in an effort to increase global
comparability of financial statements and results. IFRS is used by
Jackson’s parent company.
Jackson is an indirect subsidiary of Prudential plc, a company
incorporated in England and Wales. Prudential plc and its affiliated
companies constitute one of the world’s leading financial services
groups, serving over 26 million customers with $877.2 billion in assets
under management (as of June 30, 2018). Prudential plc is not affiliated
in any manner with Prudential Financial, Inc., a company whose principal
place of business is in the United States of America.
Before investing, investors should carefully consider the investment
objectives, risks, charges and expenses of the variable annuity and its
underlying investment options. The current contract prospectus and
underlying fund prospectuses, which are contained in the same document,
provide this and other important information. Please contact your
representative or the Company to obtain the prospectuses. Please read
the prospectuses carefully before investing or sending money.
Variable annuities are long-term, tax-deferred investments designed for
retirement, involve investment risks and may lose value. Earnings are
taxable as ordinary income when distributed and may be subject to a 10%
additional tax if withdrawn before age 59½.
The latest income date allowed is age 95, which is the required age to
annuitize or take a lump sum. Please see the prospectus for important
information regarding the annuitization of a contract.
In certain states, we reserve the right to refuse any subsequent premium
Optional benefits are available for an extra charge in addition to the
ongoing fees and expenses of the variable annuity. Only one optional
living benefit and one optional death benefit may be elected per
contract. Once elected, benefits may not be canceled; please see
prospectus for specific benefit availability. The long-term advantage of
the optional benefits will vary with the terms of the benefit option,
the investment performance of the Variable Investment Options selected,
and the length of time the annuity is owned. As a result, in some
circumstances the cost of an option may exceed the actual benefit paid
under that option.
Perspective Advisory II Variable and Fixed AnnuitySM (VA790,
VA790-FB1, ICC17 VA790, ICC17 VA790-FB1) is issued by Jackson National
Life Insurance Company (Home Office: Lansing, Michigan) and in New York
(VA790NY, VA790NY-FB1) by Jackson National Life Insurance Company of New
York (Home Office: Purchase, New York). Variable annuities are
distributed by Jackson National Life Distributors LLC, member FINRA.
These contracts have limitations and restrictions. Jackson issues other
annuities with similar features, benefits, limitations and charges.
Discuss them with your representative or contact Jackson for more
Elite Access Advisory II (VA785, ICC18 VA785, VA785-FB1, ICC18
VA785-FB1) is issued by Jackson National Life Insurance Company® (Home
Office: Lansing, Michigan). Variable annuities are distributed by
Jackson National Life Distributors LLC, member FINRA. This product has
limitations and restrictions. Jackson issues other variable annuities
with similar features, benefits, limitations and charges. Contact
Jackson for more information.
MarketProtector Advisory Individual Modified Single Premium Deferred
Fixed Annuity with Index-Linked Interest Option and Market Value
Adjustment (contract form numbers FIA255, ICC17 FIA255) is issued by
Jackson National Life Insurance Company (Home Office: Lansing, Michigan)
and distributed by Jackson National Life Distributors LLC. This product
is a fixed annuity that does not participate in any stock or equity
investments and has limitations and restrictions, including market value
adjustment (MVA). MVA may not be applicable in all states. During the
Indexed Option Period the annuity’s cash withdrawal value may be less
than the initial premium. Additional premium is permitted in the first
contract year. For costs and complete details, contact your
representative or the Company.
The design of this annuity contract emphasizes the protection of
credited interest rather than the maximization of interest rate
crediting. Jackson issues other annuities with similar features,
benefits, limitations and charges. Discuss them with your representative
or contact Jackson for more information. Fixed annuities with
index-linked interest may not be suitable for everyone.
Fixed index annuities are also known as fixed annuities with
index-linked interest (equity indexed and fixed annuities in Oregon).
MarketProtector Advisory is not available in California.
Jackson is the marketing name for Jackson National Life Insurance
Company and Jackson National Life Insurance Company of New York. Jackson
National Life Distributors LLC.
Greg Joslyn, The Lowe Group
Patrick Rich, Director, External