In the age of COVID-19, the concept of protection is more important than ever. As retirement looms, a new set of risks comes into view: sequence-of-returns risk, longevity risk and long-term care risk. To explore today’s financial climate and challenges, Jackson® recently completed a new holistic annuity study that surveyed financial professionals and investors on the issue of preparing for retirement.
The Jackson Holistic Annuity Study surveyed 289 investors and 214 financial professionals on investing for retirement. The investors were age 40 to 84 who had investable assets of $100,000 to $4 million and were financial decision makers in their households. We asked investors this key question:
What does retirement income safety and Security mean to you?
1. Jackson National Annuities Survey, October 2020.
3. CANNEX, 2020 Guaranteed Lifetime Income Study, Consumer Report.
Annuities are long-term, tax-deferred vehicles designed for retirement. Variable annuities involve investment risks and may lose value. 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. There is no guarantee that a variable annuity with an add-on living benefit will provide sufficient supplemental retirement income.
Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses, which are contained in the same document, provide this and other important information. Please contact your representative or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.
Jackson, its distributors, and their respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Tax laws are complicated and subject to change. Tax results may depend on each taxpayer's individual set of facts and circumstances. [You should rely on your] [Clients should rely on their] own independent advisors as to any tax, accounting, or legal statements made herein.
Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company or Jackson National Life Insurance Company of New York and do not apply to the principal amount or investment performance of a variable annuity’s separate account or its underlying investments. They are not backed by the broker/dealer from which this annuity contract is purchased, by the insurance agency from which this annuity contract is purchased or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of Jackson National Life Insurance Company or Jackson National Life Insurance Company of New York.
Annuities are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and in New York, annuities are issued by Jackson National Life Insurance Company of New York (Home Office: Purchase, New York). Variable products are distributed by Jackson National Life Distributors LLC, member FINRA. May not be available in all states and state variations may apply. These products have limitations and restrictions. Contact the Company for more information.
Jackson® is the marketing name for Jackson National Life Insurance Company® and Jackson National Life Insurance Company of New York®. Jackson National Life Distributors LLC.