Jackson National aims at fee-based, investment-only market

January 23, 2017 by Allison Bell

Jackson National Life Insurance Company is adding another type of fee-based annuity.

The Denver-based unit of Prudential PLC has introduced the Elite Access Advisory variable annuity contract.

The contract is a fee-based, investment-only variable annuity contract. An IOVA offers the same kinds of investment options as a traditional variable annuity contract, without any principal or income guarantees. 

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Originally Posted at LifeHealthPro on January 23, 2017 by Allison Bell.