Jackson National Life Insurance Company launched Principal Guard on October 21, 2024, an add-on guaranteed minimum accumulation benefit (GMAB) for its Elite Access® Suite of variable annuities. This new benefit allows clients to invest their money with no downside risk through a selected term, addressing a key market demand for protection-oriented products.
Principal Guard offers specific guarantees based on the chosen term. For a 7-year guarantee term option, the contract value at the end of the term will be at least 100% of the original investment. If a 10-year guarantee term option is selected, the contract value is guaranteed to be at least 110% of the original investment.
This product enhancement is expected to strengthen Jackson's position in the variable annuity market by providing greater flexibility and security to financial professionals and their clients. The company also offers a user-friendly digital ecosystem to educate on product features and benefits, including a data-driven performance tool for customized scenarios.
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