Jackson National
Short Company Name:
Jackson National
Long Company Name:
Jackson National Life
Company Type:
Insurance Company
Web Site:
Phone Number:
877-565-2968
Fax Number:
800-701-0125
Year Founded:
1961
Key Phrases:
Glossary:
An annuity with payouts that commence shortly (within months) after the annuity has been purchased. Immediate annuities are purchased with a single (lump sum) premium payment. Immediate annuity payments can be either fixed or variable. The payout period can be a certain amount of time such as 10 years, or can be guaranteed for the duration of the annuitant’s life (a life annuity). With an immediate annuity: 1) money goes in immediately as a single premium payment; 2) the money can be invested at a guaranteed rate or a variable rate, and; 3) payments from the annuity start right away.
Privately held Fidelity Investments is one of the largest investment companies in the United States.