Jackson Joins SIMON from iCapital’s Insurtech Platform

Rhea-AI Summary

Jackson National Life Insurance Company, a subsidiary of Jackson Financial Inc. (NYSE: JXN), announced the addition of its annuity solutions to iCapital's SIMON platform. This partnership aims to enhance access for wealth management firms to Jackson's retirement products, including the registered index-linked annuities (RILA) like Jackson Market Link Pro and Jackson Market Link Pro Advisory, now available on the platform. By enabling financial professionals to utilize advanced resources for their clients' portfolios, Jackson aims to simplify retirement planning and cater to evolving investment needs.

Positive

• Partnership with iCapital's SIMON platform enhances product accessibility for financial professionals.
• Introduction of registered index-linked annuities (RILA) expands Jackson's product offerings.

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• None.

LANSING, Mich.--(BUSINESS WIRE)-- Jackson National Life Insurance Company® (Jackson®), the main operating subsidiary of Jackson Financial Inc.¹ (NYSE: JXN), today announced plans to add a selection of its annuity solutions to SIMON from iCapital’s² insurtech platform. By integrating its product offerings with SIMON from iCapital’s marketplace, Jackson will provide wealth management firms with increased access to its suite of annuities and product education tools, giving financial professionals increased flexibility as they support the evolving portfolio needs of their clients.

Jackson’s suite of registered index-linked annuity (RILA) products — Jackson Market Link Pro^SM and Jackson Market Link Pro Advisory^SM — are now available on SIMON from iCapital’s marketplace. Additional Jackson product offerings will be added to the marketplace by the end of March 2023.

“As one of the leading annuity providers in the U.S., we’re excited to be integrating with SIMON from iCapital’s annuities platform, which will further increase financial professionals’ access to our spectrum of retirement products,” said Tim Munsie, Head of RIA Platform Distribution and Planning, Jackson National Life Distributors LLC. “This announcement represents another step in our mission to help simplify retirement planning by making it easier for financial professionals to incorporate annuities as part of a holistic portfolio and serve their clients’ retirement income planning needs.”

With SIMON from iCapital’s platform for annuities, financial professionals gain centralized access to the tools and resources they need to analyze marketplace products based on their clients’ unique risk profiles and investment horizons, including the ability to explore various benefit rider illustrations, leverage powerful allocation analytics, view fund options and their performance statistics, and explore the historical performance of allocations and funds.

“This partnership with Jackson demonstrates our commitment to creating opportunities for financial professionals to efficiently access annuity options for their clients through SIMON from iCapital’s marketplace,” said Scott Beshany, Managing Director and Head of Annuities Solutions, iCapital Solutions. "We are thrilled to welcome Jackson as our newest carrier partner and look forward to supporting the firm as they engage with our platform.”

To learn more about the full suite of Jackson annuities currently and soon to be available to financial professionals through SIMON from iCapital’s marketplace, please visit Jackson.com.

ABOUT JACKSON

Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

*SQM (Service Quality Measurement Group) Contact Center Awards Program for 2004 and 2006-2021, for the financial services industry. (To achieve world-class certification, 80% or more of call-center customers surveyed must have rated their experience as very satisfied, the highest rating possible).

ABOUT ICAPITAL

iCapital is the leading global fintech company powering the world’s alternative investment marketplace. We have transformed how the wealth management, banking, and asset management industries facilitate access for clients to private investments, including equity, credit, real estate, infrastructure, structured investments, annuities, and risk-managed solutions. We do this through intuitive, end-to-end technology and supporting services; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities. For more information, visit icapital.com.

Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).

Registered index-linked annuities are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan). Registered index-linked annuities are distributed by Jackson National Life Distributors LLC, member FINRA. These contracts have limitations and restrictions. Jackson issues other annuities with similar features, benefits, limitations, and charges. Discuss them with your financial professional or contact Jackson for more information.

Guarantees are backed by the claims-paying ability of the issuing insurance company.

The material herein has been provided to you for informational purposes only by Institutional Capital Network, Inc. (“iCapital”).

This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by iCapital. You should consult your personal accounting, tax and legal advisors to understand the implications of any investment specific to your personal financial situation. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors.

The information contained herein is an opinion only, as of the date indicated, and should not be relied upon as the only important information available. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. The information contained herein is subject to change, incomplete, and may include information and/or data obtained from third party sources that iCapital believes, but does not guarantee, to be accurate. iCapital considers this third-party data reliable, but does not represent that it is accurate, complete and/or up to date, and it should not be relied on as such. iCapital makes no representation as to the accuracy or completeness of this material and accepts no liability for losses arising from the use of the material presented. No representation or warranty is made by iCapital as to the reasonableness or completeness of such forward looking statements or to any other financial information contained herein.

Alternative investment products and services may be offered through iCapital Securities, LLC. Structured investment products and services may be offered through Axio Financial LLC and/or SIMON Markets LLC. iCapital Securities LLC, Axio Financial LLC, and SIMON Markets LLC are each a registered broker/dealer, member FINRA and SIPC, and an affiliate of Institutional Capital Network, Inc. (“iCapital”). Alaia Capital LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”), acts as a portfolio consultant to m+ funds and is an affiliate of iCapital. Outcome Driven Strategies, LLC and Cornerstone Advisory, each an investment adviser registered with the SEC, provide investment advisory services for the structured investment separately managed accounts described herein. Outcome Driven Strategies, LLC is jointly owned by Axio Advisors LLC and Cornerstone Advisory (not affiliated with iCapital).

© 2023 Institutional Capital Network, Inc. All Rights Reserved

¹ Jackson Financial Inc. is a U.S. holding company and the direct parent of Jackson Holdings LLC (JHLLC). The wholly-owned direct and indirect subsidiaries of JHLLC include Jackson National Life Insurance Company, Brooke Life Insurance Company, PPM America, Inc. and Jackson National Asset Management, LLC.

² Institutional Capital Network, Inc., and its affiliates (together, “iCapital Network” or “iCapital”)

View source version on businesswire.com: https://www.businesswire.com/news/home/20230216005790/en/

Patrick Rich

Jackson

patrick.rich@jackson.com

Morgan Miller

iCapital via The Neibart Group

icapital@neibartgroup.com

Source: Jackson Financial Inc.

FAQ

What did Jackson Financial announce regarding its annuity solutions on March 2023?

Jackson Financial announced the integration of its annuity products with iCapital's SIMON platform to improve access for financial professionals.

Which annuity products from Jackson are now available on the SIMON platform?

The Jackson Market Link Pro and Jackson Market Link Pro Advisory registered index-linked annuity products are now available on the SIMON platform.

What is the significance of Jackson's partnership with iCapital?

The partnership allows wealth management firms to access Jackson's annuity products more efficiently, aiding financial professionals in meeting their clients' retirement planning needs.

When will additional Jackson products be available on the SIMON platform?

Additional Jackson product offerings are expected to be added to the SIMON platform by the end of March 2023.