7 Steps to Prepare for Tax Season

By midnight on April 15, taxpayers must e-file or mail their federal and, if applicable, state tax returns for the previous calendar tax year without penalty. Well before the deadline, have you hunted and gathered all your documents, looked for a tax pro or software, and learned about any new tax credits or deductions you might be eligible for?

You should have received a Form W-2 by Jan. 31 or, with any mail delay, soon thereafter. The same deadline applies to certain 1099-MISC forms for independent contractors. Each financial institution that paid you at least $10 of interest during the year must send you a copy of the 1099-INT by Jan. 31 as well.

Waiting until the last minute to prepare for tax filing is never advisable. If taxpayers work for one employer, their taxes may not be complicated, but if they have side gigs or they’re self-employed, tax returns can take a while to fill out.

7 Tax Prep Tips for 2021

Before taxpayers file, here are some tasks they need to do.

1. Decide on Hiring a Pro or DIY

Taxpayers can either prepare and file their taxes on their own or hire a professional. If they choose the latter, they can go to a tax preparation service like H&R Block or contact a local accountant or other tax pro.

The costs for a professional vary, and the more complicated a return is, the higher the costs will be.

The IRS has a tool where taxpayers can find a tax preparer near them with credentials or select qualifications.

If you’re going it alone, IRS Free File lets you prepare and file your federal income tax online for free. There are two options, based on income.

•  You can file on an IRS partner site if your adjusted gross income was $72,000 or less. This is a guided preparation, and the online service does all the math.
•  Those with income above $72,000 who know how to prepare paper forms and can do basic calculations can fill out and file electronic federal tax forms. (There is no state tax filing with this option.)

2. Collect Tax Documents

By the end of January, you should have received tax documents from employers, brokerage firms, and others you did business with. They include a W-2 for a salaried worker and 1099s for contract workers or freelancers.

Employers will send the documents in the mail or electronically.

Investors might receive these forms:

•  1099-B, which reports capital gains and losses
•  1099-DIV, which reports dividend income and capital gains distributions
•  1099-INT, which reports interest income
•  1099-R, which reports retirement account distributions

Other 1099 forms include:

•  1099-MISC, which reports payments in lieu of dividends
•  1099-Q, which reports distributions from education savings accounts and 529 accounts

If taxpayers won anything while gambling, they’ll need to fill out Form W-2G. If they paid at least $600 in mortgage interest during the year, they’ll receive Form 1098, whose information can be used to claim a mortgage interest tax deduction.

A list of income-related forms can be found on the IRS website.

Last year’s federal return, and, if applicable, state return could be good reminders of what was filed last year and the documents used.

3. Look Into Deductions and Credits

Take the standard deduction or itemize deductions? The higher figure is the winner.

The vast majority of Americans claim the standard deduction, the number subtracted from your income before you calculate the amount of tax you owe.

For tax year 2020, the standard deductions are:

•  $12,400 for a single filer
•  $24,800 for a married couple filing jointly
•  $12,400 for a married couple filing separately
•  $18,650 for a head of household

Individuals interested in itemizing tax deductions can look into whether they’re eligible for a long list of deductions like a home office (and, if eligible, whether to use the simplified option for computing the deduction), education deductions, health care deductions, and investment-related deductions.

The IRS notes that you may benefit from itemizing deductions if any of these apply:

•  Don’t qualify for the standard deduction.
•  Had large uninsured medical or dental expenses during the year.
•  Paid interest and taxes on your home.
•  Had large uninsured casualty or theft losses.
•  Made large contributions to qualified charities.
•  Have total itemized deductions that are more than the standard deduction to which you otherwise are entitled.

Then there are tax credits, a dollar-for-dollar reduction of the income tax you owe. So if you owe, say, $1,500 in federal taxes but are eligible for $1,500 in tax credits, your tax liability is zero.

There are family and dependent credits, health care credits, education credits, homeowner credits, and income and savings credits.

Taxpayers can see the entire tax credits and deductions list on the IRS website.

4. Make a Final Estimated Tax Payment

Taxpayers who do not have taxes withheld from their paychecks can pay estimated taxes every quarter to avoid owing a big chunk of change.

In 2020, the first two quarters of taxes were due on July 15. The third was due on Sept. 15, and the fourth was due on Jan. 15, 2021.

5. Apply for a Payment Plan If Needed

Another way to prepare for taxes is to apply for a payment plan with the IRS, if that seems necessary.

Just know that penalties and interest will accrue until you pay off the balance.

For the 2020 tax year the IRS issued revised COVID-related collection procedures . They include:

•  Taxpayers who qualify for a short-term payment plan may now have up to 180 days to resolve their tax liabilities instead of 120 days.
•  Qualified individual taxpayers who owe less than $250,000 may set up installment agreements without providing substantiation or a financial statement if their monthly payment proposal is sufficient.
•  The IRS is offering flexibility to some taxpayers who are temporarily unable to meet the payment terms of an accepted offer in compromise (settlement of a tax bill for less than the amount owed).
With a long-term payment plan, taxpayers may pay taxes for a period of more than 120 days with monthly payments.

In general, the payment plans are available to individuals who owe $50,000 or less in combined income tax, penalties, and interest or businesses that owe $25,000 or less, combined, that have filed all tax returns.

A short-term payment plan has a $0 setup fee online, by phone or mail, or in person.

A long-term payment plan has a $31 setup fee online, or $107 by phone, mail, or in person. (The setup fee is waived for low-income payers.)

Taxpayers can pay for the plans on the IRS’s website.

6. Decide Whether to File for an Extension

If you need more time to prepare your federal tax return, you can electronically request an extension until Oct. 15 to file a return.

To get the extension, you must estimate your tax liability and pay any amount due by April 15 to avoid penalties.

7. Look Into CARES Act Provisions

The CARES Act was passed in March 2020 to help Americans during the COVID-19 crisis. The act included the Federal Pandemic Unemployment Compensation program, which gave people who were collecting unemployment compensation an extra $600 per week through July.

At the end of 2020, the president signed a $900 billion coronavirus relief bill, which gave people earning unemployment an extra $300 per week for up to 11 weeks.

Unemployment assistance does count as income, which means the base amount and the enhancements of $600 and $300 are taxable.

Most government agencies were to provide a paper copy of Form 1099-G, reporting unemployment compensation, by Jan. 31 of the year after the year of payment.

Other programs under the CARES Act aimed to assist struggling business owners. They include the Paycheck Protection Program, the Employee Retention Credit, Economic Injury Disaster Loans, and Payroll Tax Postponement.

The PPP program gave employers the chance to borrow up to 2.5 times their average monthly payroll, or up to $10 million, to cover workers’ paychecks. A forgiven PPP loan is not taxable under federal law, and business owners can deduct qualifying expenses paid with the money from the forgiven PPP loan, according to the U.S. Small Business Administration.

With Economic Injury Disaster Loans, business owners could borrow up to $2 million or they could receive a cash advance, which would not need to be repaid, up to $10,000. Emergency EIDL advances aren’t included in income, and taxpayers can deduct business expenses they paid using the advance, Bloomberg Tax notes.

The Employee Retention Credit , which gave employers a tax credit for keeping workers on the job, could reduce expenses that business owners would otherwise pay on their federal return and is not counted as income, according to the IRS.

Special Distribution Provisions

Another CARES Act provision provides for special distribution options and rollover rules for retirement plans and IRAs and expands permissible loans from certain retirement plans.

The IRS lays out the rules in a piece titled “Coronavirus-related relief for retirement plans and IRAs, questions and answers.”

In general, an individual could take a distribution of up to $100,000 from employer retirement plans, such as section 401(k) and 403(b) plans, and IRAs without the typical 10% additional tax on early distributions (before age 59½).

The provision also increases the limit on the amount that a qualified individual can borrow from a retirement plan. An IRA does not count. It permits a plan sponsor to offer qualified individuals up to one additional year to repay their plan loans, too.

The criteria for qualified individuals can be found on the IRS’s website, but it basically says that individuals who had the coronavirus or had a spouse or dependent with the virus, or who experienced financial hardship because of coronavirus would be eligible.

The Takeaway

“Tax prep” isn’t a phrase signaling that big fun is on the way, but putting off the inevitable isn’t the best choice. Prepare for tax season as early as possible by gathering documents and information, choosing a preparer or getting ready to DIY, and learning about new tax credits and deductions.

Still have questions about preparing for taxes? SoFi’s Tax Help Center can answer tax questions as they apply to investing, stock options, loans, college, and retirement accounts.

You can also find out more about coronavirus tax relief, check your tax refund status, and make a tax payment from the hub.


Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
External Websites: The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Third Party Brand Mentions: No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third party trademarks referenced herein are property of their respective owners.
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Source: sofi.com

What is Cardano (ADA)? How to Buy ADA

Cardano (ADA) is a cryptocurrency that lets its owners help operate the network and vote on changes to it. Developers are able to make use of the Cardano blockchain to write smart contracts and decentralized applications (dApps). ADA crypto is required to run programs like dApps. Cardano boasts a large library of academic research that its founders point to as a factor that makes the blockchain unique. Cardano’s creators also hope that the platform will be used by “innovators and visionaries” to create positive change in the world. This article serves as a cryptocurrency guide for ADA.

What is ADA Cryptocurrency?

In 2017, Cardano was created by two technologists named Jeremy Wood and Charles Hoskinson. Hoskinson co-founded Ethereum (ETH), the second-largest cryptocurrency by market cap. It makes sense, then, that Cardano and Ethereum have a lot of similarities. Namely, both networks are primarily used for programming based on smart contract technology.

A smart contract is a program that initiates a digital transfer between parties when specific conditions have been met. It’s not unlike a regular, written paper contract. The big difference lies in the fact that smart contracts require no third-party intermediary and can be programmed to execute automatically when the right conditions are met.

Cardano claims to be different by focusing its design on research and academics, believing this could help accelerate its adoption. Cardano is written in a sophisticated programming language known as Haskell, which is also used by banks and governments.

The company that built Cardano, IOHK, has a strong reputation in the world of academia. IOHK has published over 60 academic research papers (as of 2020) describing its technology. Research can be found on the official website of Cardano , where the team also publishes blogs posts and videos to educate users.

ADA Crypto Proof-of-Stake Blockchain

Cardano (ADA) is a proof-of-stake blockchain. This differs from Bitcoin and most mineable cryptocurrencies which use the proof-of-work consensus method. On the Bitcoin network, miners solve complex mathematical problems to process transactions (“work”) in a race to solve the next block and receive the rewards that it yields. Mining difficulty is constantly increasing and there is a limited amount of bitcoin that can ever be created.

On Cardano, things work a little differently. All of the ADA coins that will ever exist have already been created. ADA was a “pre-mined” coin, meaning there’s no work to be done to mine additional coins.

Instead, ADA holders can participate in the Cardano network and “stake” their coins, effectively locking them up for a period of time, in hopes of receiving the next reward in a lottery-like format. The more “stake” one has in ADA, the greater their chances of receiving winning the next block.

Proof-of-stake blockchains have a few advantages over proof-of-work blockchains. Perhaps most notably, they use far less energy. Mining requires servers to be running at all times, consuming a huge amount of electricity. There is a constant “search” for more bitcoin. Proof-of-stake removes the search aspect, since the coins already exist.

What is Cardano ADA Used For?

Like many other cryptographic tokens and coins, ADA cryptocurrency can be used as a medium of exchange. People can send each other ADA through digital wallets for whatever purposes they like. ADA can also be used for speculative purposes. Traders can try to buy coins when the price is low and sell them after the price rises.

When asking the question “what is Cardano cryptocurrency,” however, it’s important to look at the specific use case for ADA on the Cardano blockchain. The ADA crypto is used as fuel to run programs, much like ETH is used as “gas” on Ethereum.

Ethereum and Cardano are both smart contract platforms. Because smart contracts represent decentralized agreements that execute themselves when certain conditions are met, there is no intermediary (like a bank or a notary) to facilitate the transaction. Instead of paying a fee to a third-party provider, users on these blockchains must use the appropriate crypto token as a tool to conduct business, run programs, play games, etc.

Some examples of projects that have been created on the platform include a workplace incentive platform and an enterprise traceability solution.

Is Cardano ADA a Good Investment?

Ultimately, the question of whether Cardano ADA is a good investment is one the individual investor must answer for themselves.

Investing in any cryptocurrency like ADA crypto is generally seen as a speculative investment that comes with high risk and lots of volatility.

Someone with a high risk tolerance who doesn’t mind the potential losses might see ADA as a good investment, if they’re looking for potentially quick profits without a dividend.

Like all cryptocurrencies, ADA doesn’t yield any interest or pay a dividend. Some investors assert that based on this metric alone, the entire crypto asset class doesn’t qualify as an investment. Altcoins like ADA also aren’t accepted by many online merchants, so the only way to profit is to buy low, sell high, and take profits in bitcoin or a stablecoin like USDT. (Here are 6 things to know before investing in crypto.)

On the other hand, when considering any of the other hundreds of altcoins, by some metrics Cardano (ADA) might be considered a better choice than many. The coin currently sits in the 6th spot for largest cryptocurrencies by market cap, meaning there are only 5 cryptos in the world larger than ADA. Cardano has remained in the top ten cryptocurrencies spot since its inception in 2017.

Investors who believe in technology that enables decentralized applications might find ADA to be a more appealing investment than other types of cryptocurrency. And crypto enthusiasts who believe in the future of proof-of-stake blockchains might also decide to hold ADA.

What is the Price of Cardano?

At the time of writing, one ADA coin is worth about $0.31. To reach a valuation of $1 would imply a rise of roughly 220%. Such moves are not unheard of in the cryptocurrency space. But they tend to take some time, unless there is a big news item that causes people to rush into a particular digital asset.

In the case of ADA crypto specifically, the one factor most likely to drive higher prices might be use of the platform itself. That’s because people need ADA tokens to run decentralized applications (dApps) on the Cardano network. So, the more people use the network, the more demand for tokens increases, and the price of ADA could, in theory, keep rising.

This is the dynamic thought to be behind the rise of Ether (ETH), the token of the Ethereum network, which is used for much the same purpose. ETH has soared from under $10 in 2016 to over $1,100 at the time of writing.

How to Buy ADA Cryptocurrency

Now that we’ve answered the question “what is Cardano cryptocurrency,” let’s quickly run down how to buy ADA.

Buying ADA is not unlike buying any other cryptocurrency. ADA is traded on many of the prominent crypto exchanges. Binance, Upbit, and Huobi all trade ADA, for example. There are often both ADA/BTC and ADA/USDT trading pairs available, meaning users can exchange either bitcoin or the Tether stablecoin for ADA.

To buy ADA, a user will need to take the following steps:

1. Create an account on an exchange that trades ADA.
2. Deposit some BTC or USDT to your wallet.
3. Exchange your BTC or USDT for ADA.

After the third step, you will hold ADA in your exchange-hosted wallet. From there, users can either hold coins, send them to another secure cryptocurrency wallet, or trade them for a different cryptocurrency.

The Takeaway

Cardano ADA is a proof-of-stake cryptocurrency that currently ranks as the 6th largest cryptocurrency by market cap. Developed in 2017, the Cardano platform was intended to be used by “innovators and visionaries” to create positive change in the world, according to its founders.

Cardano is just one of many cryptocurrencies investors might explore as they look to investing in this relatively new digital asset class. Others include Ethereum, Bitcoin, Litecoin, and more.

Buying cryptocurrency with SoFi Invest® is simple—and the app safely stores your crypto investments for you.

Find out how to get started with SoFi Invest today.



SoFi Invest®
The information provided is not meant to provide investment or financial advice. Investment decisions should be based on an individual’s specific financial needs, goals and risk profile. SoFi can’t guarantee future financial performance. Advisory services offered through SoFi Wealth, LLC. SoFi Securities, LLC, member FINRA / SIPC . The umbrella term “SoFi Invest” refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.
1) Automated Investing—The Automated Investing platform is owned by SoFi Wealth LLC, an SEC Registered Investment Advisor (“Sofi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC, an affiliated SEC registered broker dealer and member FINRA/SIPC, (“Sofi Securities).

2) Active Investing—The Active Investing platform is owned by SoFi Securities LLC. Clearing and custody of all securities are provided by APEX Clearing Corporation.

3) Digital Assets—The Digital Assets platform is owned by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.

For additional disclosures related to the SoFi Invest platforms described above, including state licensure of Sofi Digital Assets, LLC, http://www.sofi.com/legal.

Crypto: Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, and involve a high degree of risk. Consumer protection and securities laws don’t regulate cryptocurrencies to the same degree as traditional brokerage and investment products. Research and knowledge are essential prerequisites before engaging with any cryptocurrency. US regulators, including FINRA , the SEC , and the CFPB , have issued public advisories concerning digital asset risk. Cryptocurrency purchases should not be made with funds drawn from financial products including student loans, personal loans, mortgage refinancing, savings, retirement funds or traditional investments.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
External Websites: The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

SOIN21014

Source: sofi.com

Jackson National Life Insurance Company Review

Life insurance is an important component of any good financial plan. Choosing a company like Jackson National Life Insurance can help you to protect the assets that you have built, in addition to the people that you love.

Table of Contents

Jackson National Life Insurance At A Glance

Premiums written 21,511,557
Financial Strength A from A.M. Best.
Year Founded 1961
Coverage Area Nationwide
HQ Address 1 Corporate Way Lansing, MI 48951 
Phone Number 1 (877) 565-2968

Get started with Jackson National Life Insurance today!

Jackson National Life Insurance Company Information

The firm currently consists of three separate entities, including Jackson National Life Insurance Company, Jackson National Life Insurance Company of New York, and Brooke Life Insurance Company.

When it comes to being secure and stable for a long time you want to make sure an insurance company has plenty of assets to cover claims. Jackson performs well here too and their leaders understand that staying in business it’s important to have large assets.

As a subsidiary of Jackson National, Curian Capital, LLC, manufactures and distributes a very comprehensive suite of various investment strategies and asset management solutions for institutions, advisors, and their clients. This company uses a highly technologically advanced platform for doing so, which can, in turn, assist advisors in terms of efficiency and profitability.

It can also help clients with a very highly customized investment management solution for their financial and retirement planning needs.

Another Jackson subsidiary, Jackson National Asset Management, LLC, provides investment advisory, transfer agency, fund accounting, and administration services for funds and separate accounts that support Jackson’s variable products, and employee 401(k) plans.

National Planning Holdings, Inc, a network of four independent broker-dealers, consists of the following:

  • INVEST Financial Corporation
  • Investment Centers of America, Inc.
  • National Planning Corporation
  • Sll Investments, Inc.

Financial Strength

Jackson National Life Insurance Company garners high remarks from the insurance company rating agencies. These include the following:

  • An (Excellent) from A.M. Best. This is the third-highest rating out of 16 rating categories.
  • AA (Very Strong) from Fitch Ratings. This is the third highest out of 19 rating categories.
  • AA (Very Strong) from Standard & Poor’s. This is the third highest out of 21 rating categories.
  • A1 (Good) from Moody’s Investors Service, Inc. This is the fifth-highest out of 21 rating categories.

Jackson National Life Insurance Products

Contrary to the name of the company, Jackson National Life Insurance does not offer life insurance policies. Jackson National instead offers fixed, fixed-indexed and variable annuities.

The products are sold through 2 outlets, including Jackson National Life Distributors, LLC, (JNLD), and the Institutional Products department. JNLD handles the Jackson National retail products – including annuities – to both independent and regional broker-dealers, warehouses, independent agents, and other financial institutions.

The Institutional Products department at Jackson National sells medium-term notes, funding agreements, and guaranteed investment contracts – to banks, investors and pension providers.

Fixed Annuities

A fixed annuity will offer its owner a fixed amount of interest that is credited on an annual basis. The key benefit with fixed annuities is the safety of the principal that they allow their owners – along with the satisfaction knowing that they will not be losing the money that they have oftentimes worked a lifetime to save. The tradeoff for this safety, however, is that the return on fixed annuities is somewhat low.

These types of annuities will offer their holders a fixed income stream – and, for those who choose the lifetime income option, they can offer a guaranteed income for the remainder of the individual’s life, no matter how long they live. This can be a great way to ensure that a retiree does not outlive his or her assets – especially given that life expectancies are so much longer today than ever before.

Jackson National sells 5 different options:

  • MAX Family
  • BonusMAX
  • Action Family
  • SuperMAX Family
  • Immediate Annuity

Each of these is slightly different in how they operate and how they should be used. Some of them are for longer investments, while others are more of a short-term investment.

They also sell some fixed index annuities as well. Fixed indexed options offer stable returns without the risk of other investments.

Variable Annuities

A variable annuity works like a contract between an individual or business and an insurance company, under the terms of the contract insurance company will make periodic payments to the annuity investor, beginning either immediately or at some future date.

Variable annuities are also considered to be tax-deferred investments, meaning that the contract owner pays no taxes on the income and investment gains from the variable annuity until they withdraw the money.

Variable annuities provide the opportunity for market appreciation through a number of different investment options. They also provide for the tax-deferred accumulation of funds, and future income. Variable annuities offer numerous benefits including, tax-deferred growth, the opportunity for market appreciation, liquidity, benefits to spouses, and benefits to heirs.

Variable annuities may also have an optional life insurance provider that offers a death benefit.
If the annuity contract owner passes away prior to the time that the insurance company has begun making income payments to the annuitant, then a named beneficiary will be guaranteed to receive at least a specified amount of money, which is generally the amount of the purchase payments, or the total amount of the premiums that were deposited.

Variable annuities are designed for people who may be willing to take more risk with their investment in return for more growth potential. Historically, variable annuities have offered better returns than fixed rate annuities. However, it is important to keep in mind the added risk associated with this product.

With Jackson National, they have four variable annuities options:

  • Elite Access
  • Elite Access Advisory
  • Perspective II
  • Perspective Advisory

The Elite Access, Perspective II, and the Perspective Advisory allow people who are older to invest in an annuity. The Elite Access allows anyone who is up to 85 to invest. The Perspective Advisory has a limit of 85 as well, and the Perspective II has a higher limit of 90-years-old.

Each of these annuities has different advantages and limits. If you’re looking for annuities, then Jackson National can be an excellent start to your search.

Fixed Index Annuities

Jackson National also offers Fixed Index Annuities. A Fixed Index Annuity is a great option if you want steady growth without having to risk it all on the fluctuations of the market.

With Jackson National, they have four fixed index annuities options:

  • AscenderPlus Select
  • Elite Choice
  • Elite Choice Rewards
  • Select Annual Reset

The AscenderPlus Select option includes all classic annuity options such as fixed annuity benefits and a death benefit. In addition, this annuity also offers an optional income rider which can be attached for a charge.

Elite Choice offers additional interest linked to a single index. Elite Choice Rewards is a step up from the Elite Choice and offers regular 2.5% or 5% increases to the value of your annuity.
The Select Annual Reset is created to build a retirement fund linked to one of two indexes.

How Does Jackson National Compare?

How does Jackson National Insurance compare to other popular insurance companies? Check out this table where we compare Allstate, Have Life and Met Life.

Company Best For J.D. Power Score A.M. Best Rating
Jackson National Claims Paid N/A A
Haven Life Quick Coverage 751 A++
Met Life Variety of Policies 744 A+

While all three of these companies are very compatible, it is important to note that Haven Life offers only term life insurance.

For more information, you can check out the individual reviews of Haven Life and Met Life.

History Of Jackson National Life Insurance

Jackson National Life Insurance Company has been in business since 1961. The company is headquartered in Lansing, Michigan, and it was named after President Andrew Jackson, the seventh president of the United States. The firm primarily offers retirement annuities and investments.

Just twenty years after opening its doors, the company went from $50 million to more than $160 million in just annuity sales, and by 1989, its sales exceeded $2 billion. In 1998, National Planning Holdings, Inc. (NPH) was formed, and that same year, Jackson National Life Insurance Company of New York was opened, which expanded Jackson National’s sales and distribution to all 50 of the U.S. states.

The company has continued to expand throughout the years, and in 2003, it launched Curian Capital, LLC, a separately managed accounts provider. Just two years later, in 2005, the firm acquired Life Insurance Company of Georgia, which essentially doubled the company’s policy count to approximately 3 million.

Summary

Wanting to jump-start the application process? Our quote calculator is geared to find the best result for you. It’s quick, simple, and you can do it from the comfort of your own chair. To commence you need to complete the form on the right side of our website.

Should you discover that you have any additional questions as you move through the process regarding Jackson National Life Insurance Company – then you have come to the right place. Our advisors are here to serve you and can answer the questions and concerns that you may have.

We can also show you how the quoting process works, and give more focus on the details such as what type of life insurance policy is right for you, how much death benefit coverage you need for your survivors and their needs, and which of the many available life insurance carriers will be able to serve you best.

There are so many details to keep track of and the application can get tiring. That is why we got into the insurance business. We love helping people figure out the best way to protect their families.

About the Author

Jeff Rose, CFP®

Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur.

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