Jackson AscenderPlus Select®
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Jackson AscenderPlus Select offers traditional fixed annuity benefits, such as guaranteed minimum interest and death benefits, tax-deferred earnings, and flexible retirement income options including LifePaySM, an optional income rider available for an additional charge. But it doesn't stop there. Jackson AscenderPlus Select takes retirement planning to another level with the potential for additional interest linked to the return of an index. Designed for retirement, Jackson AscenderPlus Select gives you the flexibility to choose from multiple timeframes, three crediting methods and up to three indexes to fit your unique retirement planning needs.
Retirement Vehicle with Choices and Growth Potential
Jackson AscenderPlus Select® deferred fixed annuity with index-linked interest offers minimum guarantees that allow you to prepare for retirement with confidence, while you benefit from growth potential linked to the return of an index and the power of tax-deferred earnings. You choose from a variety of options to tailor a plan that fits your unique situation.
Jackson AscenderPlus Select Highlights:
- Any index-linked earnings are locked in at the end of every contract year
- Index losses never decrease the contract value
- Minimum initial premium $10,000 (nonqualified); $5,000 (qualified), $25,000 if LifePaySM is elected
- Multiple contract terms
- Access to funds in the event of unforeseen circumstances
Jackson AscenderPlus Select Options to Fit Your Retirement Plan
You can customize your Jackson AscenderPlus Select contract with choices like these:
- Duration options to fit your time horizon
- Index options for potential index-linked growth
- Multiple crediting method options to measure your additional interest
- A fixed account option with competitive interest rates
- Additional guaranteed retirement income options
- Guaranteed death benefits with options to preselect an income stream for your beneficiaries
- Optional income rider, LifePay, provides income you cannot outlive
Flexibility to Choose Your Market Focus
You can choose a U.S. market focus by allocating your premium to the S&P 500 Index or Strategic4 IndexSM, or diversify your growth potential with the Multi-Strategy Index, a unique index based on a selection of U.S. and international stocks, available only at Jackson®. Or you may allocate your money to any combination of the three.
S&P 500 Index:
The S&P 500 Index is a market capitalization-weighted index of 500 stocks that are selected by the S&P Dow Jones Indices U.S. Investment Committee. The S&P 500 focuses on the large-cap sector of the market, and companies in the S&P 500 are considered leading companies in leading industries. Widely regarded as a single gauge of the U.S. equities market, this index includes companies in leading industries of the U.S. economy. Although the S&P 500 Index focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also used as a proxy for the total U.S. market.
The Strategic4 Index is made up of companies in the S&P 500 and can provide a more centered approach to growth. It is also a proprietary index created by and for the sole use of Jackson. The index is constructed by applying four pre-determined selection criteria. On or about January 1st, the index is reconstituted and an initial weight of approximately 25% is applied to each of the four criteria.
This index seeks broad diversification across its four distinct strategies to help ensure a consistent management style.
The Multi-Strategy Index is a proprietary index created by and for the sole use of Jackson National Life Insurance Company. The index is constructed by applying five predetermined selection criteria and contains approximately 160 stocks. On or about January 1, the index is reconstituted and an initial weight of approximately 20% is applied to each of the five criteria. By design, the five criteria are constructed to minimize company overlap. The index includes stocks from large, mid-sized and smaller U.S. and international companies, based on market capitalization.
This index seeks broad diversification across its five distinct strategies to help ensure a consistent management style.
How Does Additional Interest Grow?
An attraction of Jackson AscenderPlus Select® is the opportunity to earn additional interest based on the performance of an index. There are a variety of ways to calculate your index-linked interest, called crediting methods. Jackson AscenderPlus Select offers three alternatives that calculate, credit and lock in interest annually. You may select one or more of these options, in any combination.
- Any index growth is calculated at the end of each contract year.
- Additional interest earned is credited to the contract and locked in.
- If there is no index growth, the Indexed Option Value remains the same.
- The process begins again for the following contact year, and repeats every year until the end of your selected term.
Each crediting method uses a different formula to measure the annual change in the index value.
Annual Reset Monthly Averaging:
The monthly averaged ending value is compared with the index value at the beginning of the year. Follow this link for a complete, illustrated description.
Annual Reset Point-to-Point:
The actual ending value is compared with the index value at the beginning of the year. Follow this link for a complete, illustrated description.
Annual Reset Monthly Sum:
The change in index value is calculated separately for each month, and then the monthly results are added at the end of the year. Follow this link for a complete, illustrated description.
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Access to Your Money When You Need It
Even though annuities are long-term retirement vehicles, there are times when unexpected needs arise. Jackson AscenderPlus Select® provides for those situations with opportunities to take early withdrawals without penalty.
10% Free Withdrawals:
You may withdraw up to 10% of the accumulation value free of withdrawal charges.1
Required Minimum Distributions:
Withdrawals taken to satisfy IRS required minimum distributions are not subject to withdrawal charges, even if they exceed the 10% free withdrawal allowance.
Extended Care Benefit:
You or your joint owner will become eligible for this benefit beginning in the second contract year. If you or your joint owner is confined to a nursing home or hospital for 90 consecutive days by medical necessity, you may access up to 100% of the greater of the Contract Value or the Special Benefit Value free of withdrawal charges. The Extended Care Benefit is subject to a maximum withdrawal of $250,000.2
Terminal Illness Benefit:
You or your joint owner will become eligible for this benefit beginning in the second contract year. If you or your joint owner is diagnosed with a terminal illness expected to result in death within 12 months, you can access without charge the greater of the Contract Value or the Special Benefit Value. The Terminal Illness Benefit is subject to a maximum withdrawal of $250,000.3
Guaranteed Minimum Death Benefit:
In the event of your death, your beneficiaries will receive the greater of the Contract Value or the Special Benefit Value. They may elect a lump sum payment or a guaranteed life income. If you prefer, you may specify your beneficiaries’ payout option in advance. (Preselected Death Benefit is available for nonqualified and IRA contracts only.)4
|Withdrawal Charges (as a percentage of Accumulation Value)|
10-, 7- and 5-Year
|Contract Year||Owner's Issue
|1 or less||8.50%|
What is an Annuity?
An annuity is a long-term, tax-deferred vehicle designed for retirement. Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before age 59½.