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Action® Family

Product Details

Contract Specifications

Ages and Amounts:
  • Maximum issue age: 90
  • Minimum initial premium: $5,000 (nonqualified); $2,000 (qualified)
  • Maximum annuitization age: 95
Interest Rate Guarantee:
  • The initial rate is guaranteed for the first contract year. The guaranteed minimum interest rate will be declared each calendar year and will fall between 1%-3%. Once a contract is issued, the guaranteed minimum interest rate will not change.
Withdrawal Charges (state variations apply):
  • 9 years — 8.25%, 7.25%, 6.50%, 5.50%, 4.50%, 3.75%, 2.75%, 1.75%, 0.75%
    (Action 7 (sold in new York only) has a 7 year withdrawal charge schedule - 7%, 7%, 7%, 6%, 5%, 4%, 2%.)

Additional Benefits

  • Extended Care Benefit: If you (or a joint owner) are by medical necessity confined to a nursing home or hospital for 90 consecutive days, you may withdraw (one time only) up to 100% of the accumulated contract value without incurring a withdrawal charge.*
  • Terminal Illness Benefit: If you (or a joint owner) are diagnosed with a medical condition expected to result in death within 12 months, you may withdraw (one time only) up to 100% of your contract value without incurring a withdrawal charge.
  • Accelerated Benefit: If you suffer from a qualified medical condition you may withdraw up to 25% of your accumulated value without incurring a withdrawal charge (one time only).
  • Death Benefit: Guaranteed death benefits for family protection, with options to preselect an income stream for your beneficiaries§, and add an extra benefit to help lessen the impact of taxes**.
  • Withdrawals: Every contract year, you may withdraw up to 10%-15% (depending on product) of the accumulated value, free of withdrawal charges.

Guarantees are backed by the claims paying ability of Jackson National Life Insurance Company® or Jackson National Life Insurance Company of New York®.

*If you or your joint owner is confined to a nursing home or hospital for 90 consecutive days by medical necessity beginning at least 30 days after the issue of your contract, you may access up to 100% of the Accumulation Value free of withdrawal charges. The Extended Care Benefit is subject to a maximum of $250,000 for all Jackson contracts. State variations may apply. Not available on Action 7 or NY Action 200.

If you or your joint owner is diagnosed with a terminal illness, you may access up to 100% of your Accumulation Value free of withdrawal charges. The Terminal Illness Benefit is subject to a maximum of $250,000 for all Jackson contracts. State variations may apply. Not available on Action 7, NY Action or NY Action 200.

If you suffer from a qualified condition, you may access up to 25% of your Accumulation Value free of withdrawal charges. Qualified conditions defined by the Company include: heart attack, stroke, Alzheimer's disease, renal failure, life-threatening cancer or coronary artery surgery. In the case of joint owners, this benefit applies to each of them for 12.5% of the Accumulation Value. State variations may apply.

§Preselected death benefit election available for nonqualified and IRA contracts only.

**Jackson's earnings protection benefit, EarningsMax, offers an optional additional death benefit. For owners of contracts issued up to age 69, EarningsMax will pay your beneficiaries an additional 40% of the contract earnings (earnings not to exceed a maximum of 100% of premium payments, excluding subsequent premium less than 12 months old and adjusted for withdrawals). For owners aged 70-75 at issue, EarningsMax is calculated at 25% of contract earnings (earnings not to exceed a maximum of 100% of premium payments, excluding subsequent premium less than 12 months old and adjusted for withdrawals). EarningsMax is not available if the owner is older than age 75 on the date of issue. Election of this benefit will result in credited interest rate(s) of 0.20% less than the annual credited interest rate(s) that would apply to your accumulated value if EarningsMax had not been elected. EarningsMax can only be elected at the time of issue and, once elected, is irrevocable. Not available in all states and availability of the EarningsMax option is subject to change.

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Action Family of Flexible Premium Deferred Fixed Annuities (contract form number A720B) is issued by Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and in New York Annuity (contract form numbers A720BNY, A740BPNY) by Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).Subsequent premium may be restricted in some states. These products may not be available in all states and state variations may apply. These contracts have limitations and restrictions, including withdrawal charges. 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®.

• Not FDIC/NCUA insured • Not bank/CU guaranteed • May lose value •
Not a deposit • Not insured by any federal agency

CMF16061PD 07/16

© 2017. All rights reserved
Jackson National Life Insurance Company
1 Corporate Way
Lansing, MI 48951