Jackson Adds New Subaccounts and Fund Managers to Elite Access Variable Annuity
Apr 29th 2013 9:05AM
Updated Apr 29th 2013 9:35AM
Jackson Adds New Subaccounts and Fund Managers to Elite Access Variable Annuity
DENVER--(BUSINESS WIRE)-- Jackson National Life Insurance Company® (Jackson®), a leading provider of retirement solutions and educational resources for industry professionals and consumers, is adding several options to its Elite Access® variable annuity (VA) investment platform, including more than 20 new subaccounts and seven new fund managers. The offerings will provide investors and financial professionals with access to new strategies and investments - both alternative and traditional - including international opportunities and additional guidance portfolio options through Curian Capital®, LLC (Curian), Jackson's retail asset management subsidiary.
Launched by Jackson in March of last year, Elite Access is a VA designed to offer the opportunity for greater portfolio diversification1 through the utilization of both traditional and alternative asset classes in a tax-efficient vehicle2. Elite Access combines a robust lineup of investment options, risk management and tactical management to deliver an innovative approach to help address market volatility and provide the potential for higher returns with less risk3. The product also allows financial professionals to create personalized portfolios for their clients and manage each portfolio through a customized investment platform.
"Jackson has built great momentum with Elite Access due to our ability to effectively combine traditional and alternative asset classes into a product available for retail investors," said Clifford Jack, executive vice president and head of retail for Jackson. "With several new subaccount options to choose from, advisors can help their clients find a combination of investments and strategies that help address their individual financial goals and develop diversified retirement plans."
Jackson performed strongly during 2012, delivering record IFRS profits4 and record sales, Jack said. The company's 2012 VA sales totaled $19.7 billion, compared to $17.5 billion during 2011. Elite Access contributed more than $1.3 billion to Jackson's VA sales total during 2012.
"At Jackson, we continue to bolster our already stringent due diligence process, seeking the highest quality investment managers across the globe to provide access to international markets and traditional and alternative funds," said Jack.
Elite Access offers advisors and investors the option of creating their own portfolios or leveraging strategies built by leading third-party managers, including Curian, BlackRock® and Ivy Investment Management Company.
The newest Curian Guidance PortfoliosSM, which include both focused and diversified options, are designed to address a risk spectrum from conservative to the potential for maximum growth:
- Curian Guidance - Growth
- Curian Guidance - Institutional Alt 100 Conservative
- Curian Guidance - Institutional Alt 100 Growth
- Curian Guidance - International Opportunities Conservative
- Curian Guidance - International Opportunities Moderate
- Curian Guidance - International Opportunities Growth
In addition, the following new funds are designed to address low and rising interest rates or inflationary periods:
- Curian Guidance - Interest Rate Opportunities
- Curian Guidance - Multi-Strategy Income
- Curian Guidance - Real Assets
Elite Access now includes 18 alternative investment options, including managed futures, commodities, listed private equity, global infrastructure and convertible arbitrage that provide enhanced diversification potential. New alternative funds added to Elite Access include:
- Curian/BlackRock Global Long Short Credit
- Curian/Eaton Vance Global Macro Absolute Return Advantage
- Curian Long Short Credit
- Curian/UBS Global Long Short Income Opportunities
- Curian/Urdang International REIT
Elite Access also includes several traditional investment options from well-known, reputable active managers, such as American Funds, Franklin Templeton, J.P. Morgan and T. Rowe Price, that encompass a wide variety of investment styles and strategies. More than half of the investment options now available in Elite Access are traditional investments, providing an array of more than 50 options ranging from large-cap to micro-cap companies, with several focused on international opportunities. New traditional funds added to Elite Access include:
- Curian/Aberdeen Latin America
- Curian/Ashmore Emerging Market Small Cap Equity
- Curian/Baring International Fixed Income
- Curian/Lazard International Strategic Equity
- Curian/Schroder Emerging Europe
- JNL/Franklin Templeton Income
- JNL/Mellon Capital Utilities Sector
New fund managers in Elite Access include:
- Aberdeen Asset Managers Limited
- Ashmore EMM, L.L.C.
- Baring International Investment Limited
- Eaton Vance Investment Managers
- Schroder Investment Management North America Inc.
- UBS Global Asset Management (Americas) Inc.
- Urdang Securities Management, Inc.
In 2012, Jackson hosted hundreds of events to help educate advisors on how to effectively utilize alternative asset classes and confidently explain them to their clients. This year, Jackson has launched a more ambitious educational campaign to further support advisors and ensure they are comfortable with the nuances of the investment options available to them through the Elite Access platform, said Jack.
Financial professionals who wish to learn more about Elite Access and investing in alternatives can visit Elite-Access.com. To learn about the support offered by the company's wholesaling and marketing team and the optional features and benefits available within Jackson's variable annuity products, financial professionals can also contact Jackson at 800/711-JNLD (5653) or visit www.jackson.com.
Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of the product, including its underlying investment options. The current prospectus provides this and other important information. Please contact your representative or the Company to obtain the prospectus(es). Please read the prospectus(es) carefully before investing or sending money.
- Diversification does not assure a profit or protect against loss in a declining market. Portfolios that have a greater percentage of alternatives may have greater risks, especially those including arbitrage, currency, leveraging and commodities. This additional risk can offset the benefit of diversification.
- Tax deferral offers no additional value if an annuity is used to fund a qualified plan, such as a 401(k) or IRA, and may be found at a lower cost in other investment products. It also may not be available if the annuity is owned by a "nonnatural person" such as a corporation or certain types of trusts.
- Source: From 6/30/2002 - 6/30/2012, an equal-weighted average of 506 University Endowments returned 6.2%, compared to the S&P 500 Index average return of 5.3%. 2012 NACUBO Endowment Study, Annual Report of the National Association of College and University Business Officers of Endowment Performance and Management in Higher Education, 2013. The S&P 500 Index is unmanaged and not available for direct investment. Past performance is no guarantee of future results.
- International Financial Reporting Standards (IFRS) is a principles-based set of international accounting standards indicating how transactions and other events should be reported in financial statements. IFRS is issued by the International Accounting Standards Board in an effort to increase global comparability of financial statements and results. Jackson's parent, Prudential plc, uses IFRS to report the Group's financial results.
Jackson is a leading provider of retirement solutions for industry professionals and their clients. The company offers a diverse range of products including variable, fixed and fixed index annuities designed for tax-efficient accumulation and distribution of retirement income for retail customers, and fixed income products for institutional investors. Jackson subsidiaries and affiliates provide specialized asset management and retail brokerage services. With $165.4 billion in assets*, Jackson prides itself on product innovation, sound corporate risk management practices and strategic technology initiatives. Focused on thought leadership and education, the company develops proprietary research, industry insights and financial representative training on retirement planning and alternative investment strategies. Jackson is also dedicated to corporate social responsibility and supports charities focused on helping children and seniors in the communities where its employees live and work. For more information, visit www.jackson.com.
Jackson is the marketing name for Jackson National Life Insurance Company®, Jackson National Life Insurance Company of New York® and Jackson National Life Distributors LLC.
*Jackson has $165.4 billion in total IFRS assets and $150.9 billion in IFRS policy liabilities primarily set aside to pay future policyowner benefits (as of 12/31/12).
Jackson National Life Insurance Company is an indirect subsidiary of Prudential plc, a company incorporated and with its principal place of business in the United Kingdom. Prudential plc and its affiliated companies constitute one of the world's leading financial service groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world. It has been in existence for 165 years and had more than $658 billion in assets under management as of Dec. 31, 2012. 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.
Although asset allocation among different asset categories generally limits risk and exposure to any one category, the risk remains that management may favor an asset category that performs poorly relative to the other asset categories. The subaccounts expect to invest in positions that emphasize alternatives or nontraditional asset classes or investment strategies and, as a result, are subject to the risk factors of those asset classes. Some of those risks include general economic risk, geopolitical risk, commodity-price volatility, counterparty and settlement risk, currency risk, derivatives risk, emerging markets risk, foreign securities risk, high-yield bond exposure, noninvestment-grade bond exposure, index investing risk, industry concentration risk, leveraging risk, market risk, prepayment risk, liquidity risk, real estate investment risk, sector risk, short sales risk, temporary defensive positions and large cash positions.
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 investment companies (subaccounts) offered in Elite Access are registered as investment companies under the Investment Company Act of 1940, as amended ("1940 Act"), and their shares are registered under the Securities Act of 1933, as amended. There are many differences among 1940 Act registered subaccounts and unregistered hedge funds, including but not limited to liquidity, restrictions on leverage and diversification, fund reporting and transparency, fees, and availability.
International investing involves special risks, such as exposure to potentially adverse local political and economic developments, nationalization and exchange controls, potentially lower liquidity and higher volatility, possible problems arising from accounting, disclosure, settlement and regulatory practices that differ from U.S. standards, and the chance that fluctuations in foreign exchange rates will decrease the investment's value.
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.
The standard death benefit is equal to contract value on the date of the claim and does not include any additional guarantees.
Curian Capital® is a registered investment advisor and affiliate of Jackson National Life Distributors LLC.
Elite Access Fixed and Variable Annuity (VA650, VA 660) is issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and in New York (VA650NY, VA 660NY) 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. May not be available in all states, and state variations apply. This product has limitations and restrictions, including withdrawal charges and excess interest adjustments (interest rate adjustments in New York) where applicable. Jackson issues other variable annuities with similar features, benefits, limitations and charges. Discuss them with your representative or contact Jackson for more information.
Jackson National Life Insurance Company
Senior Media Relations Specialist
KEYWORDS: United States North America Colorado Michigan
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