Legacy benefits

Making your money last for generations

Preparing for retirement means having a plan that provides income to cover expenses and to live the retirement you planned. It can also mean considering options that allow you to leave a legacy to your loved ones or to a charity that is important to you. Many types of annuities offer add-on benefits that make it possible for you to leave a lasting legacy. 

Benefits of trust-owned annuities

A trust can benefit from tax deferral, income protection, and diversified portfolio options. You can find all these features in a trust-owned annuity to serve generations to come.

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.

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.

Protecting your legacy

Advantages to protecting your legacy

To help protect and nurture the legacy you've created, you'll need a way to grow or distribute your money responsibly. Continued growth through tax deferral* and helping beneficiaries avoid probate are just two of the benefits of "Control from the Grave"— all without having to set up a trust.

Saving more for future generations

Efficiently transferring your money to the next generation—or several generations—is no small feat. The difficulty lies in state and federal estate taxes. Exploring options to avoid costs and fees, as well as lowering your tax bill can be well worth the time and effort. 

 

How will I be remembered?

There’s more to retirement than just having enough income and living comfortably. Explore death benefit options to help even after you're gone.

Jackson Charitable Foundation

The Jackson Charitable Foundation believes that the journey to financial freedom is to have strong personal finance skills—allowing people to live fuller, more self-directed lives. A charitable remainder trust is an irrevocable trust that can provide for you and your spouse, as well as the charity you designate—and any gifts to the charity are not subject to capital gains taxes. 

Annuities that offer benefits to the next generation

Variable annuities
With our variable annuities, you can choose from a range of add-on benefits that may help further grow your legacy potential. You can also preserve more of what you leave behind by deferring the income tax burden imposed on beneficiaries. Your legacy can be paid directly to beneficiaries instead of your estate, which helps them avoid time-consuming probate. 
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Registered index-linked annuities
Explore the multiple investment options, protection levels, and other ways to achieve growth opportunities with a registered index-linked annuity (RILA).
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Fixed index annuities
Jackson’s fixed index annuities offer preselected death benefit opportunities that can provide for your loved ones after your passing. 
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Fixed annuities
Make it simple and cost-effective for your heirs with a standard death benefit. Jackson’s fixed annuities offer a payout to your beneficiaries equal to its accumulated value in the event of your death. 
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See more annuity benefits

Income protection

Many people are living longer, healthier lives, so reliable income that lasts is essential to any retirement. Jackson annuities offer a variety of add-on benefits that can provide lifetime income to meet the challenges of longevity ahead.

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.

*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 Financial Inc., Jackson National Life Insurance Company®, and Jackson National Life Insurance Company of New York®.