Income For Immediate Needs. When you need a steady income stream that begins within a year, a Jackson® Immediate Annuity can deliver regular payments that are dependable and predictable. Payments can be guaranteed to last as long as you do, so there is no need to worry about outliving your income. With a variety of optional payout methods, you have the flexibility to choose an option that fits your current lifestyle and needs.
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 Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before
Why a Jackson Immediate Annuity?
Jackson Immediate Annuities deliver steady income you can count on for life. They also offer a variety of income and legacy options giving you the ability to tailor the plan to suit your goals.
An immediate annuity from Jackson can provide several appealing benefits. Features include guaranteed income options, protection against market swings and interest rate volatility and protection against inflation with an optional Income Escalator®. The Income Escalator option guarantees that the immediate annuity payments you receive will increase by 3% every year. This protection is designed to help keep pace with inflation's historical average.†
Payment options include monthly, quarterly, semiannually and annually. Income payments received may be based on the amount you contribute, your age, gender and/or other factors. Once established, your income is steady and taxed only as you receive payments. Because a portion of your payment is considered a return of principal, only earnings are taxed on nonqualified contracts.
*Guarantees are backed by the claims paying ability of Jackson National Life Insurance Company® or Jackson National Life Insurance Company of New York®.
†Income Escalator is only available with Life Annuity with No Refund, Period Certain Annuity, and Life Annuity with Period Certain income options.