Jefferson National

Jefferson National Life Insurance Company has been in business since 1937. The company is active in the variable annuity industry with products such as Monument Advisor.

Jefferson National is a leader and innovator in the field of variable annuities. The company was the first to offer a flat fee variable annuity.  

In contrast to conventional variable annuities which have fees that are a percentage of assets, the Monument Advisor Variable annuity comes with a flat fee of $20 per month.

Jefferson National has also been an innovator in the area of variable annuitiy distribution.  The company leverages technology to reach financial advisors and customers directly.  Jefferson National has also been very focused on the rapidly growing fee-based registered investment advisor (RIA) channel, with total sales through this channel recently surpassing $1 billion.

Jefferson National Product Reviews
Products Offered

General Information
TypeInsurance Company
Contact Information
Address435 Hudson Street
New York, NY 10014

Information & Articles about Jefferson National

It's difficult to provide an in depth response without having some more detail on the type of annuity and your overall financial profile.  That said, here are some points to consider and potentially present to your financial or tax advisor:

  • Let's assume that you have a variable annuity.  Variable annuities can be very expensive with total fees ranging from 1.5 - over 3 percent.  High fees are a huge drag on investment performance so this is a real consideration.  This site publishes a basic database that has fee information for hundreds of different variable annuities.  Think about doing some basic research or asking your financial advisor to understand what total fees are for your product.
  • You really need to understand whether you would incur surrender fees / surrender charges if you terminate your annuity.  You may be beyong the time-frame that these fees would apply, but you want to look at the product prospectus or ask your advisor if they apply to avoid any fees. 
  • Keep in mind that not all variable annuities come with high fees.  For example, Jefferson National provides a very interesting low fee variable annuity. 
  • Annuities--including variable annuities--are tax advantaged products.  These tax advantages are meaningful.  You should consider this in light of any change and discuss with your advisors.
  • The reality is that most people use variable annuities for investment growth and tax advantaged accumulation purposes.  In other words, the vast majority of people never turn-on or use the income generating features associated with their variable annuities.  Maybe this is relevant to you and maybe it's not.  If you are not going to use the income features, though, you may want to reconsider how much you are paying for what is simply being used as a tax advantaged investment vehicle.  There are lower cost options to capture tax advantages (such as the Jefferson National VA mentioned earlier).  In addition, if it is guaranteed lifetime income or pension like income (the real value of annuities) that is of interest to you, then there are possible more efficient and less expensive ways to achieve this such as deferred income annuities, longevity insurance and qualified longevity annuity contracts (QLACs).

Hope this is helpful.

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I get questions periodically about low or no fee annuities.

There are, in fact, annuity products (including variable annuities) that are being developed for fee only financial advisors (advisors who do not accept commissions on product sales).

Some of the companies that have recently developed or are developing these low fee based products include:

For more detail see the article that can be viewed by clicking here.


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