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Jacksonmg history
Jacksonmg company history timeline
Another good move: Buying the Neverland Ranch for $20 million in 1987.
Seeking to expand its product line, in February of 1988 Jackson National became one of the first insurance companies in the United States to offer accelerated death benefits, or living benefits.
Tony Pasant died in 1990, and his son, David A. Pasant, who had worked at Jackson National for 20 years, became president and chief executive officer.
During 1992, the company formed Jackson National Life of Michigan as a wholly owned subsidiary, transferring all of its Michigan business to the new company.
In 1992 the company was ranked by Fortune magazine as the 23rd largest life insurance company, and assets were reported at $16.6 billion on earnings of $212 million.
In 2005 Jackson Life Insurance acquired the Life Insurance Company of Georgia which increased the policy count of the company to more than 3 million.
In 2010 Michael Jackson earned $275 million -- more than Beyoncé, Lady Gaga, Madonna and Jay-Z combined -- despite the fact that he was no longer alive.
By 2011 the company has achieved record sales with deposits and sales totaling $22 billion.
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Zippia gives an in-depth look into the details of Jacksonmg, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Jacksonmg. The employee data is based on information from people who have self-reported their past or current employments at Jacksonmg. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Jacksonmg. The data presented on this page does not represent the view of Jacksonmg and its employees or that of Zippia.
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