Company Information
Company Name
Jackson National Life
Product Name
Jackson National Life RateProtector 5
Description
The RateProtector 5 is a single premium, fixed annuity with a five-year rate guarantee and an MVA. After five years, owners have a 30-day window to withdraw, transfer, or reinvest their entire account balance. If no action is taken, a one year rate is declared, but the annuity remains penalty-free and completely liquid.
Two rate bands are available. The highest rate applies to amounts above $100,000, while lower rates apply to deposits of $10,000-$99,999. Qualified and non-qualified funds are accepted. This policy is RMD-friendly for IRA holders. There are no surrender charges at death. An optional non-qualified stretch payout option is available for named beneficiaries.
AM Best Rating
A Excellent (3rd of 13 ratings)
Company Website
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
10% / 10%
Rates
| 5.00% | $100,000 | — | $1,000,000 |
| 4.70% | $10,000 | — | $99,999 |
Term
5 Years
Minimum Investment
$100,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
85
Surrender Schedule
8%, 8%, 7%, 6%, 5%, 0%
What We Like About This Annuity
Offered from an A rated carrier. The policy includes 10% free withdrawals in all years and health waivers. Policy does not automatically renew at the end of the term.
Notable Features
At no charge, Terminal Illness and Extended Care waivers are available subject to policy provisions. Non-qualified stretch options offered at passing to mitigate income taxes. Several annuitization options available as well.
Other Popular Products
Jackson National Life is well-know for their divers annuity offerings. Their income generating, fixed-indexed, and variable policies are also competitive in certain markets.
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About Jackson National Life Insurance Company
Founded in 1961, this A rated carrier specializes in several types of annuities with a focus on asset management. They operate under a family of companies and consistently rank among the largest annuity providers in the country.
Their customer-focused investments are designed to deliver value and accessibility while mitigating risk through their strong corporate governance. They are active in the communities they serve with a focus on environmentalism and sustainability.