10 Apr 2007
Jackson expands Denver operation with move to new tech center
New building to accommodate 400 new jobs in support of corporate growth
DENVER — April 10, 2007 — Jackson National Life Insurance Company ® (Jackson) today announced that its Denver operations have moved into the former Oracle I building at 7601 Technology Way in the Denver Tech Center. The 183,000 square-foot location will enable Jackson, a leading provider of retirement planning products, to accommodate the company's rapid growth.
Headquartered in Lansing, Michigan, Jackson employs nearly 3,000 professionals nationwide. The company manufactures and distributes a diverse portfolio of financial products that can be used by independent broker-dealers and advisors as they help their clients plan for retirement. In 2006, the company recorded more than $10 billion in total retail sales of its annuity, life insurance and SMA products, including $7 billion of variable annuity sales, a 48-percent increase from the prior year.
"The Denver market is an ideal fit for Jackson because of its large population of highly-skilled workers and the overall quality of life that our associates can enjoy here," said Clifford Jack, executive vice president and chief distribution officer for Jackson. "By moving to a state-of-the-art facility in the Tech Center, we're not only investing in our current employee base, we're also strengthening Jackson's ability to attract the best financial services professionals in the area."
The company's business units in Denver include Jackson National Life Distributors LLC, Jackson's distribution arm; Curian Capital, LLC, an affiliated registered investment advisor that offers a separately managed accounts platform to financial planners and representatives; and Operations and Service Center personnel. Jackson has maintained business operations in Denver since 1995 and has since grown its work force to nearly 650 employees. The company expects to add an additional 400 employees to the Denver office over the next several years.
"On behalf of the people of Colorado, I congratulate Jackson for its recent successes and its ongoing contributions to Colorado's economy," said Colorado Governor Bill Ritter. "The company's commitment to Colorado is another strong indicator that Colorado is superbly situated to help companies and their employees realize their full potential."
"Jackson's growing presence in Denver provides jobs, long-term planning services and community partnerships with organizations serving our children and senior citizens," said Denver Mayor John Hickenlooper. "We are thrilled to see this national company strengthening its investment in Denver and our residents."
To enhance its position in what has become a highly competitive retirement marketplace, Jackson continues to strengthen its in-house technology capabilities, develop innovative products and services to help financial advisors meet the needs of their clients, and cultivate the professional growth of its employee base. In each of its locations across the country, Jackson adheres to a disciplined business model that has enabled the company to become one of the fastest-growing firms in the financial services industry.
To learn more about Jackson's career opportunities and retirement planning products, please visit www.jnl.com or call 800/711-JNLD (5653).
About Jackson National Life Insurance Company
With more than $74 billion in assets (GAAP)*, Jackson National Life Insurance Company (Jackson) is an industry leader in variable, fixed and fixed index annuities. The company also offers life insurance and institutional products. Jackson markets its products in 49 states and the District of Columbia through independent and regional broker-dealers, financial institutions and independent insurance agents. Jackson's subsidiary, Jackson National Life Insurance Company of New York ® , markets annuity products in the state of New York. Through its affiliates and subsidiaries, Jackson also provides asset management, retail mutual funds and retail brokerage services. For more information, visit www.jnl.com.
*Jackson had more than $74 billion in total GAAP assets and more than $67 billion in GAAP policy liabilities set aside to pay primarily future policyowner benefits (as of 12/31/06).
Annuities and life insurance products are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan). Variable products are distributed by Jackson National Life Distributors LLC. May not be available in all states and state variations may apply. These contracts have limitations and restrictions, including possible withdrawal charges, recapture charges and excess interest adjustments. Contact your representative or the Company for more information.