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Jackson National announced that they are exiting the life insurance business next month. Mr. Barney, would like your view of this and other changes carriers are making in the life business.
Another Player Hanging Up Their Cleats
- Thread starter bluemarlin08
- Start date
- 24,967
Just spoke to them.
They are not taking any more new business after 8/1
I asked about conversion options for the current book. They have no Idea. The current ULC is not a bad option but the AUL sucks!
They are not taking any more new business after 8/1
I asked about conversion options for the current book. They have no Idea. The current ULC is not a bad option but the AUL sucks!
gathbsinc
Expert
I have heard this from a few places but haven't seen it in writing from the company, does anyone have anything in writing talking about it?
- 111
FE marketing groups could be part of the problem.
- 379
I have a large term policy with Jackson National.
I also have lots of clients I sold JNL term to over the years.
I would really like to find out what the options are.
I believe we are in for a major shake up of Life an annuity carriers.
Shooter
- 18,987
- 3,764
If anything I would think some of the bigger insurers would introduce simplified whole life products
- 24,967
All Xs 2. They took a unscheduled rate increase on all non guaranteed premiums about 6 years ago. Watch for another. Also eliminating any good conversation options.
Chicken Coop
Expert
- 58
No more conversations with JNL?
Goodness gracious, I'm lonely enough in this business already.
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