Income protection

Retirement income you can rely on

One of the biggest concerns around retirement is outliving your money. Let's face it, none of us can predict how many years of retirement—and the need for income—will last. There are ways to plan for an income that will last a lifetime. All Jackson annuities offer some form of an income stream that you can rely on. Lining up several sources of income —including an annuity—may put you in a better position for when you retire.

 

What is an Annuity?

Annuities are long-term, tax-deferred vehicles designed for retirement. 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. The principal value of the variable annuity will fluctuate based on the performance of the underlying investment options and may lose value.

Add-on living benefits are available for an extra charge in addition to the ongoing fees and expenses of the variable annuity and may be subject to conditions and limitations. There is no guarantee that a variable annuity with an add-on living benefit will provide sufficient supplemental retirement income.

Understanding the essentials of protected income

Why you may need to re-fund your retirement

You may not have the retirement savings needed to last in retirement—as many retirees don't. With most pensions a thing of the past and Social Security only going so far, lifetime income is important. Here's why.

Reaching retirement goals may be easier than you think

Making sure you have enough money saved is a priority for many Americans. Jackson is here to help take the guess-work out of your financial planning and achieve your retirement goals.

Jackson's Retirement Expense & Income Calculator

How much will you need in retirement? Jackson has a calculator that can answer that question. It can also present a clearer picture of what you'll need to make it all work.

How will I save for day-to-day essentials when I retire?

You shouldn’t be spending your retirement wondering how you’re going to continue to pay for essentials like housing, food, and healthcare. These everyday expenses can add up quickly and social security may not be enough. That’s why lining up additional sources of income before you retire can better position you to handle basic and unforeseen circumstances. To learn more about your options, view the videos featured here.

Dependable retirement income

For retirement income that won't run out, Social Security is a start, but it may only get you part of the way there. To help with your income needs in retirement, it could be worthwhile to consider the income-related benefits of an annuity. 

Variable annuities
If you’re looking to add a little extra growth to your portfolio while drawing down your retirement assets, Jackson offers a range of variable annuities—with an array of add-on benefits—to meet the challenges you foresee. 
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Fixed index annuities
Jackson's fixed index annuities can provide a powerful combination of protection, growth, and flexibility by linking assets to the performance of an index.
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Growth potential

The market can be intimidating for investors, but it can also be a powerful tool for growing your assets. Annuities that offer market access can provide opportunities for growth through a variety of investment options. Some annuities even offer protections against market ups and downs.

Growth potential from tax deferral

One of the great advantages of annuities is they defer your taxes on interest and investment earnings until you take income from them. This means you get to keep more of what you’ve earned to invest in your future retirement.

Legacy benefits

Sometimes there’s more to retirement than living a good life. With add-on benefits that preserve and grow assets in an annuity, planning for future generations has never been easier. And once it’s time to pass on your legacy, it can go directly to your beneficiaries, tax-deferred.

*Add-on benefits that provide income for the length of a designated life and/or lives may be available for an additional charge. The amount of income that these benefits may provide can vary depending on the age when income is taken, and how many lives are covered when the benefit is elected. The cost of these benefits may negatively impact the contract's cash value.

Lifetime income of the add-on lifetime benefits available with variable annuities becomes effective at issue if the designated life is age 59½ at issue, or upon the contract anniversary following designated life's 59½ birthday, provided the contract value is greater than zero and has not been annuitized.

Tax deferral offers no additional value if an annuity is used to fund a qualified plan, such as a 401(k) or IRA, and may be found at a lower cost in other investment products. It also may not be available if the annuity is owned by a legal entity such as a corporation or certain types of trusts.

Before investing, investors should carefully consider the investment objectives, risks, charges, and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses, which are contained in the same document, provide this and other important information. Please contact your financial professional or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.

This material on this website is prepared to support the promotion and marketing of Jackson annuities. 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. Clients should rely on their own independent advisors as to any tax, accounting, or legal statements made herein.

Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company® or Jackson National Life Insurance Company of New York® and do not apply to the principal amount or investment performance of a variable annuity’s separate account or its underlying investments. 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® or Jackson National Life Insurance Company of New York®.

Annuities are issued by Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and in New York, by Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).  Annuities are distributed by Jackson National Life Distributors LLC, member FINRA. These contracts have limitations and restrictions. Jackson issues other annuities with similar features, benefits, limitations, and charges. Contact Jackson for more information.

Jackson® is the marketing name for Jackson National Life Insurance Company® and Jackson National Life Insurance Company of New York®