IN BRIEF

Jackson National Life Insurance Company has launched a series of mutual funds that will be available to advisers through Jackson National Life Distributors. The new funds focus on long-term diversification and asset growth needs of investors as they plan for retirement.

"Jackson is committed to providing advisors with the products they need to help their clients achieve financial security in retirement," said Clifford Jack, executive vice president and chief distribution officer for Jackson. "With more than $10 trillion in assets, the retail mutual fund market continues to gain momentum, especially among baby boomers. The launch of the Jackson Funds enables us to diversify our product offering to advisors and capture a larger share of the retirement market."

Each new fund features a distinct asset allocation strategy: Jackson Perspective 5 Fund, the Jackson Perspective Optimized 5 Fund, the Jackson Perspective Index 5 Fund, the Jackson Perspective 10×10 Fund and the Jackson Perspective Money Market Fund.

"Our mutual fund initiative is designed to expand Jackson's customer base to include those individuals who may be focused on accumulating assets for retirement, yet may not be concerned with principal guarantees and death benefits," explains Steve Kluever, senior vice president, product and investment management for Jackson.