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0.000428939090649144 -0.000285959393766028 -0.00157277666571346 -0.00228767515012863 -0.00328853302830983 -0.00300257363454381 -0.00571918787532158 -0.00529024878467244
Stock impact report

Jackson Adds Protected Lifetime Income Benefit to RILA Suite [Yahoo! Finance]

Jackson Financial Inc. Class A (JXN) 
Company Research Source: Yahoo! Finance
LANSING, Mich., April 29, 2024 BUSINESS WIRE Jackson National Life Insurance Company ® (Jackson®), the main operating subsidiary of Jackson Financial Inc. (NYSE: JXN), today launched +Income, an add-on benefit available for an additional charge, offering guaranteed lifetime income through Jackson's Market Link Pro® suite of registered index-linked annuities (RILAs). +Income enables clients to create an immediate income stream or defer withdrawals, providing the opportunity to grow income over time. RILAs are long-term, tax-deferred insurance contracts designed for retirement. They are subject to investment risk, the value will fluctuate, and loss of principal is possible. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met. "Across the industry, RILAs are helping risk-averse consumers unlock protection opportunities and ways to potentially grow their asset Show less Read more
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