Jackson and State Farm Announce Marketing Alliance
Jackson National Life Insurance Company and State Farm, announced a new marketing alliance. Beginning in the second half of 2019, authorized State Farm agents will begin offering a select group of Jackson’s variable annuity and fixed index annuity products.
While State Farm has traditionally offered fixed annuity products, the addition of a select group of Jackson’s industry-leading variable and fixed index annuities will allow their agents to introduce a more robust suite of annuity products to consumers.
“Our goal is to help people live life confidently, and an important component of that is helping people grow their savings, then position those savings to last a lifetime. As a top provider of annuities in the country, Jackson brings a proven track record of strong product offerings, solid risk management, consistent financial strength and award-winning service. The addition of these annuity products positions State Farm agents to help customers in more ways.” – SVP, Financial Services at State Farm, Joe Monk.
Jackson and State Farm are both members of the Alliance for Lifetime Income, a nonprofit organization formed to raise awareness and educate consumers and financial professionals about the importance of protected lifetime income. “As a founding member and current co-chair of the Alliance, we believe it is critically important for our industry to work together to solve a significantly pressing social issue — millions of Americans are retiring every year without adequate financial security, and they are genuinely concerned about outliving their savings. This new relationship with State Farm is a prime example of how collaborating with others in our space, particularly those who share the same vision to alleviate our country’s retirement crisis, can increase Americans’ access to critical products that can help protect their income for as long as they live.” – CEO of Jackson Holdings and founding member and co-chair of the Alliance for Lifetime Income, Barry Stowe.