State Farm Deal A Huge Boost For Jackson National Distribution
October 9, 2018 by Cyril Tuohy
Now that the fiduciary rule is dead, the industry could see more distribution agreements like the one announced last week between Jackson National and State Farm, an analyst said.
The deal allows Jackson to distribute variable and index annuities through State Farm agents beginning in the second half of next year.
“It’s not groundbreaking, but it’s an expansion of the current distribution channels,” said Deep Banerjee, a director at S&P Global. “The DOL fiduciary rule is now behind us, which means expansion of distribution is a bit easier now with no fiduciary rule to deal with.