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    Start Addressing Your Financial Concerns During Concerning Economic Times

    August 18, 2023

    See how financial professionals and investors are dealing with economic uncertainty, and what you can do to seek greater protection.

    Market volatility and inflation contribute to the economic uncertainty we see today.

    Stubborn inflation. Inflation reached a 40-year high in June last year1 and has remained above the 2% range considered normal.2
    Bond volatility. Often considered attractive when stocks plunge, bonds have swung wildly after experiencing their worst year ever in 2022.3
    Bear territory. In 2022, 3 major market indexes fell at least 20% from their peak.4 Yet some economic indicators remain strong, including unemployment that reached its lowest level in 50 years.5
     

    So we asked investors and financial professionals how they're managing through these challenging market conditions.6

     

    Investors

    Financial Professionals
    2/3 are working with a financial professional
    Nearly 50% say they're frequently fielding client concerns
    about inflation and market volatility
    About 70% are checking investments at least a few times per month
    93% are proactively providing investment guidance to clients


    What did we learn? Asset protection and guaranteed† income may be more important than ever.

     

    Nearly 1/2 of financial professionals find annuities more appealing than in the past decade7
    $310.6 billion in annuity sales is the record set in 2022 by investors seeking protection and guaranteed income8


    Investors who do not own an annuity are more likely to believe there is significant risk to preserving past investment gains and ensuring sufficient retirement income.9
     

    Contact your financial professional to see how an annuity may help provide investment protection and guaranteed income in retirement.

    Download our Start Addressing Your Financial Concerns During Concerning Economic Times infographic.

    Annuities are long-term, tax-deferred vehicles designed for retirement. Variable annuities involve investment risk 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.

    Add-on living benefits are available for an extra charge in addition to the ongoing fees and expenses of the variable annuity and may be subject to conditions and limitations.

     

    1. Lucy Bayly and Alicia Wallace, CNN Business, "US inflation hit 40-year high in June, driven by record gas prices," July 13, 2022.

    2. Board of Governors of the Federal Reserve System, "Why does the Federal Reserve aim for inflation of 2 percent over the longer run?" August 27, 2020.

    3. Greg Iacuci, CNBC, "2022 was the worst-ever year for U.S. bonds. How to position your portfolio for 2023," January 7, 2023.

    4. Caitlin Ostroff, The Wall Street Journal, "The Dow Is Officially in a Bear Market. Here's What to Know." September 26, 2022.

    5. Eric Wallerstein, The Wall Street Journal, "Robust Jobs Market Poses Threat to Stocks' Rally," June 1, 2023.

    6. Jackson's Perspectives on Economic Uncertainty Study, conducted in partnership with Advanis.*

    7. Ibid.

    8. LIMRA, "LIMRA: 2022 U.S. Retail Annuity Sales Shatter Annuity Sales Records Set in 2008," January 26, 2023.

    9. Jackson's Perspectives on Economic Uncertainty Study, conducted in partnership with Advanis.*

    *Surveyed 253 investors between 50 and 80 years of age, retired or within 10 years of retiring, with investable assets of at least $200,000, familiarity with financial products, and retirement income in addition to Social Security. Additionally, 150 financial professionals with two or more years of experience at a firm with at least $25 million in assets under management were surveyed. Surveys were conducted online from Oct. 13 to Nov. 1, 2022.

    †Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company (Home Office: Lansing, Michigan) or Jackson National Life Insurance Company of New York (Home Office: Purchase, New York) and do not apply to the investment performance of the separate account or its underlying investments.

    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 provide this and other important information. Please contact your financial professional or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.

    Annuities are issued by Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and in New York, by Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).  Variable annuities 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. Discuss them with your financial professional or contact Jackson for more information.

    Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company®,  and Jackson National Life Insurance Company of New York®. Jackson National Life Distributors LLC.