Updates offer additional growth, protection and
flexibility opportunities
Jackson National Life Insurance Company® (Jackson®), the main
operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today
launched Jackson Market Link Pro® II (JMLPII) and Jackson Market
Link Pro Advisory® II (JMLPAII), two new registered index-linked
annuities (RILAs). JMLPII (commission-based) and JMLPAII
(fee-based) provide consumers the opportunity to grow assets before
and during retirement while offering different degrees of
protection against unexpected market events.
“Registered index-linked annuities are attractive investment
strategies that provide flexibility, growth opportunities and
partial downside protection during times of market volatility,”
said Alison Reed, Chief Operating Officer of Jackson National Life
Distributors LLC (JNLD), the marketing and distribution business of
Jackson. “Since entering the RILA market in late 2021, Jackson is
committed to enhancing our suite of products to provide competitive
options that seek to address clients’ unique needs. As a leader in
the annuities space, we will continue to evolve our offerings and
find new ways for Americans to access retirement strategies as they
prepare for their financial futures.”
JMLPII and JMLPAII enhancements include the following:
- Exclusive Crediting Method: Jackson offers a unique, new
Performance Boost crediting method within JMLPII and JMLPAII. This
crediting method provides a positive Index Adjustment equal to the
index return, plus a 10% performance boost rate if the index return
is flat, positive or negative within the buffer, up to the
performance boost cap rate.
- Expanded Index Account Option Terms: A 3-year Index
Account Option term has been added to the existing 1-year and
6-year Index Account Option terms2. Any gains or losses in the
tracked index(es) (described below) are calculated at the end of
the term, and the contract value is adjusted accordingly.
- Intra-Term Performance Lock Feature: The new Performance
Lock option provides an increased level of transparency to contract
holders, enabling them to lock in their interim value at any point
during the Index Account Option term. In practice, the value at the
lock-in point moves to a short-duration fixed account until the
next contract anniversary.
- Index Participation Rate on Cap Crediting Method:
Jackson is adding an Index Participation Rate to the Cap crediting
method, which can provide even more upside growth opportunity when
the market conditions are favorable.
In addition to these enhancements, Jackson’s RILA suite offers
the following features:
- Multiple Index Options: Five index options that can be
allocated in any combination are available, including the S&P
500 Index, Russell 2000 Index, MSCI EAFE Index, MSCI Emerging
Markets Index and MSCI KLD 400 Social Index (an ESG option).
Jackson will not restrict which index options can be selected with
each crediting method or protection option, allowing consumers to
reallocate their assets without unwanted tax consequences and
invest in what matters most to them3.
- Allocation Flexibility: Crediting methods offer ways to
calculate and lock in potential index-linked returns to address
clients’ market expectations. In addition to the new Performance
Boost crediting method4, Jackson offers two additional crediting
methods — Cap and Performance Trigger.
- Protection Options: Clients may select from Buffer or
Floor protection options to help guard their retirement assets
against unforeseen market changes. The level of protection depends
on the crediting method selected.
- Legacy and Cost Control: Through the built-in death
benefit5 — available at no additional charge — investors can help
protect their retirement assets against market downturns while
providing a legacy for beneficiaries. Additionally, with no annual
contract fees6, more investable assets remain in clients’
accounts.
Jackson is also focused on improving the financial professional
and client experience. New digital enhancements include greater
transparency into various contract values, self-service options on
www.jackson.com and a robust Rate Center that enables financial
professionals and clients to sort, filter and export new business
and renewal rates. In addition, Jackson’s Market Link Pro Suite
Tool — a data-driven tool powered by Halo Investing — enables
clients to input personal data to generate hypothetical scenarios
of the various RILA options.
“Jackson is committed to modernizing our processes to further
improve the experience financial professionals and their clients
have when doing business with us,” said Brian Sward, Head of
Product Solutions, JNLD. “We place a strong emphasis on education
when launching new products, and our partnerships with financial
professionals have enabled us to provide expanded resources and
tools to help illustrate the ways in which RILAs can benefit client
portfolios.”
Financial professionals who would like to learn more about
Jackson’s RILA products can contact the company at 1-800-711-7397,
connect with their local wholesaler or visit
www.jackson.com/RILA.
ABOUT JACKSON
Jackson® (NYSE: JXN) is committed to helping clarify the
complexity of retirement planning—for financial professionals and
their clients. Through our range of annuity products, financial
know-how, history of award-winning service* and streamlined
experiences, we strive to reduce the confusion that complicates
retirement planning. We take a balanced, long-term approach to
responsibly serving all our stakeholders, including customers,
shareholders, distribution partners, employees, regulators and
community partners. We believe by providing clarity for all today,
we can help drive better outcomes for tomorrow. For more
information, visit www.jackson.com.
*SQM (Service Quality Measurement Group) Contact Center Awards
Program for 2004 and 2006-2022, for the financial services industry
(To achieve world-class certification, 80% or more of call-center
customers surveyed must have rated their experience as very
satisfied, the highest rating possible).
Jackson® is the marketing name for Jackson Financial Inc.,
Jackson National Life Insurance Company® (Home Office: Lansing,
Michigan) and Jackson National Life Insurance Company of New York®
(Home Office: Purchase, New York).
SAFE HARBOR STATEMENT
The information in this press release contains forward-looking
statements about future events and circumstances and their effects
upon revenues, expenses and business opportunities. Generally
speaking, any statement in this release not based upon historical
fact is a forward-looking statement. Forward-looking statements can
also be identified by the use of forward-looking or conditional
words, such as “could,” “should,” “can,” “continue,” “estimate,”
“forecast,” “intend,” “look,” “may,” “will,” “expect,” “believe,”
“anticipate,” “plan,” “remain,” “confident” and “commit” or similar
expressions. In particular, statements regarding plans, strategies,
prospects, targets and expectations regarding the business and
industry are forward-looking statements. They reflect expectations,
are not guarantees of performance and speak only as of the dates
the statements are made. We caution investors that these
forward-looking statements are subject to known and unknown risks
and uncertainties that may cause actual results to differ
materially from those projected, expressed, or implied. Factors
that could cause actual results to differ materially from those in
the forward-looking statements include those reflected in the
Company’s reports filed with the U.S. Securities and Exchange
Commission. Except as required by law, Jackson Financial Inc. does
not undertake to update such forward-looking statements. You should
not rely unduly on forward-looking statements.
This material is authorized for use only when preceded or
accompanied by the current contract prospectus. Before investing,
investors should carefully consider the investment objectives and
risks of the registered index-linked annuity. This and other
important information is contained in the current contract
prospectus at Jackson.com/ProspectusJMLP2 for the Jackson Market
Link Pro II prospectus or Jackson.com/ProspectusJMLPA2 for the
Jackson Market Link Pro Advisory II prospectus. Please read the
prospectus carefully before investing or sending money.
Jackson, its distributors, and their respective
representatives do not provide tax, accounting, or legal advice.
Any tax statements contained herein were not intended or written to
be used and cannot be used for the purpose of avoiding U.S.
federal, state, or local tax penalties. Tax laws are complicated
and subject to change. Tax results may depend on each taxpayer’s
individual set of facts and circumstances. You should rely on your
own independent advisors as to any tax, accounting, or legal
statements made herein.
Registered index-linked annuities are long-term, tax-deferred
insurance contracts designed for retirement. They are subject to
investment risk, the value will fluctuate, and loss of principal is
possible. 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.
Guarantees are backed by the claims-paying ability of Jackson
National Life Insurance Company. They are not backed by the
broker/dealer from which this annuity contract is purchased, by the
insurance agency from which this annuity contract is purchased or
any affiliates of those entities, and none makes any
representations or guarantees regarding the claims-paying ability
of Jackson National Life Insurance Company.
STANDARD & POOR’S®, S&P® and S&P 500® are registered
trademarks of Standard & Poor’s Financial Services LLC
(“S&P”) and Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones”) and have been licensed for use
by S&P Dow Jones Indices LLC. The S&P 500 is a product of
S&P Dow Jones Indices LLC, and has been licensed for use by
Jackson National Life Insurance Company (“Jackson”). Jackson Market
Link Pro is not sponsored, endorsed, sold or promoted by S&P
Dow Jones Indices LLC, Dow Jones, S&P, or any of their
respective affiliates (collectively, “S&P Dow Jones Indices”),
and S&P Dow Jones Indices LLC does not make any representation
or warranty, express or implied, to the owners of Jackson Market
Link Pro or any member of the public regarding the advisability of
investing in securities generally or in Jackson Market Link Pro
particularly or the ability of the S&P 500 to track general
market performance.
Jackson Market Link Pro Suite has been developed solely by
Jackson National Life Insurance Company. This/These products(s)
is/are not in any way connected to or sponsored, endorsed, sold or
promoted by the London Stock Exchange Group plc and its group
undertakings (collectively, the “LSE Group”). FTSE Russell is a
trading name of certain of the LSE Group companies.
All rights in the Russell® 2000 (the “Index”) vest in the
relevant LSE Group company which owns the Index. Russell® is a
trade mark of the relevant LSE Group company and is used by any
other LSE Group company under license.
The Index is calculated by or on behalf of FTSE International
Limited or its affiliate, agent or partner. The LSE Group does not
accept any liability whatsoever to any person arising out of (a)
the use of, reliance on or any error in the Index or (b) investment
in or operation of the Jackson Market Link Pro Suite. The LSE Group
makes no claim, prediction, warranty or representation either as to
the results to be obtained from the Jackson Market Link Pro Suite
or the suitability of the Index for the purpose to which it is
being put by Jackson National Life Insurance Company.
The Product referred to herein is not sponsored, endorsed, or
promoted by MSCI, and MSCI bears no liability with respect to any
such Products or any index on which such Products are based. The
Contract contains a more detailed description of the limited
relationship MSCI has with Jackson National Life Insurance Company
and any related Products.
Registered index-linked annuities (contract form numbers
RILA290, RILA290-CB1, RILA292, RILA292-CB1, RILA295, RILA295-FB1,
RILA297, RILA297-FB1) are issued by Jackson National Life Insurance
Company (Home Office: Lansing, Michigan) and distributed by Jackson
National Life Distributors LLC, member FINRA. These products have
limitations and restrictions, including withdrawal charges, market
value adjustment, and Interim Value Calculation. Jackson issues
other annuities with similar features, benefits, limitations, and
charges. Discuss them with your financial professional or contact
Jackson for more information.
Firm and state variations may apply. Additionally, products
not available in all states.
1 Jackson National Life Insurance Company is a wholly owned
subsidiary of Jackson Financial Inc. Jackson Financial Inc. is a
publicly traded company.
2 Not all crediting methods and/or protection options are
available with all Index Account Option terms.
3 Investors are not buying shares of any stock or index and
cannot invest directly in an index. The payment of dividends is not
reflected in the index return.
4 The Performance Boost crediting method is only available with
JMLPII and JMLPAII.
5 If the oldest owner’s age when the contract is issued is
between 0 and 80, the death benefit is equal to the greater of the
current contract value or premiums paid into the contract adjusted
for any withdrawals incurred since the issuance of the contract. If
the oldest owner’s age is between 81 and 85 when the contract is
issued, the death benefit is equal to the current contract
value.
6 Withdrawals during the first six years are subject to a
withdrawal charge or market value adjustment. Withdrawals before
the end of a term are subject to an interim value adjustment which
may have a positive or negative impact on the contract value at the
end of the term and may be significant.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230605005168/en/
Media Contact: Courtney Sipperley
courtney.sipperley@jackson.com
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