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Elite Choice Rewards®

Fixed Index Annuity

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Elite Choice Rewards offers traditional fixed annuity benefits, such as guaranteed minimum interest and death benefits, flexible retirement income options and tax-deferred earnings. But it doesn´t stop there. Elite Choice Rewards takes retirement planning to another level with the potential for additional interest linked to the return of an index, plus either a 2.5% or a 5% bonus to give your contract value an instant boost. Designed for retirement, Elite Choice Rewards gives you the flexibility to choose from two timeframes, three crediting methods and two indexes to fit your unique retirement planning situation.

Learn more about:

  • Overview
  • Index Options
  • Crediting Options
  • Withdrawals

Retirement Vehicle with Choices and Growth Potential

Elite Choice Rewards® deferred fixed annuity with index-linked interest and bonus provision 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.

Elite Choice Rewards Highlights:

  • 2.5% or 5% bonus gives your contract value an instant boost
  • Any index-linked earnings are locked in at the end of every crediting method term (a choice of one or two years)
  • Index losses never decrease the contract value
  • Minimum initial premium $10,000 (nonqualified); $5,000 (qualified)
  • 8 or 10-year contract terms1
  • Recapture charges apply during the first 5 contract years
  • Access to funds in the event of unforeseen circumstances

Elite Choice Rewards Options to Fit Your Retirement Plan

You can customize your Elite Choice Rewards 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
  • Guaranteed retirement income options, including income for life2
  • Guaranteed death benefits with options to preselect an income stream for your beneficiaries2, 3

Flexibility to Choose Your Market Focus

You can choose a U.S. market focus by allocating your premium to the S&P 500 Index, and/or diversify your growth potential with the Multi-Strategy Index, a unique benchmark based on a selection of U.S. and international stocks, available only at Jackson®.

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.


Multi-Strategy Index:

The Multi-Strategy Index is a proprietary benchmark 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.

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How Does Additional Interest Grow?

The main attraction of Elite Choice Rewards® 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. Elite Choice Rewards offers three alternatives that calculate, credit and lock in interest either annually or biennially. You may select one or more of these options, in any combination.

  • Any index growth is calculated at the end of every one- or two-year period, depending on your selection
  • 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 one- or two-year period, and repeats 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.


Biennial Reset Point-to-Point:

The actual ending value is compared with the index value at the beginning of the two-year period. Follow this link for a complete, illustrated description.


Biennial 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 two-year period. Follow this link for a complete, illustrated description.


Access to Your Money When You Need It

Even though annuities are long-term retirement vehicles, there are times when unexpected needs arise. Elite Choice Rewards® provides for those situations with several 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 when 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 are confined to a nursing home or hospital for 90 consecutive days by medical necessity, up to 20% of your Accumulation Value may be taken annually free of withdrawal and recapture charges. 2

Terminal Illness Benefit:

You or your joint owner will become eligible for this benefit beginning in the second contract year. If, during the Indexed Option Period, you or your joint owner are diagnosed with a terminal illness expected to result in death within 12 months, you can access without charge the greater of the Accumulation Value or the Guaranteed Minimum Accumulation Value. The Terminal Illness Benefit is subject to a maximum withdrawal of $250,000. 3


Guaranteed Death Benefit:

In the event of your death during the Indexed Option Period, your beneficiaries will receive the greater of the Indexed Option Value or the Guaranteed Minimum Accumulation Value. They may elect a lump sum payment or a guaranteed lifetime income. If you prefer, you may specify your beneficiaries’ payout option in advance. Withdrawal and recapture charges will be waived.

Term Years Completed Issue Ages
0-78 (All Terms)
1 or less 8.75%
2 7.50%
3 7.25%
4 6.50%
5 5.50%
6 4.50%
7 3.75%
8 2.75%
9 1.75%
10 0.75%
11 0.00%


Term Years Completed Recapture Charge
2.5% Bonus
Recapture Charge
5.0% Bonus
1 or less 2.0% 4.5%
2 2.0% 4.5%
3 1.5% 3.0%
4 1.0% 2.5%
5 0.5% 1.0%
6 + 0.0% 0.0%