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Jackson Private WealthSM

Product Details

The Jackson Private Wealth Difference:

  • Designed specifically for the trust and private wealth world
  • Eliminates commissions, surrender charges, and 12(b)-1 fees found in most variable annuities
  • A fee-based advisory product that can be used in trust and agency accounts

Contract Specifications

Ages and Amounts:
  • Maximum issue age: 85
  • Minimum initial premium: $200,000 (qualified) and (nonqualified)
  • Maximum annuitization age: 95
Fees and Charges:
Contract Expenses:
  • Core Contract Charge: 0.35% annually (reduces to 0.30% if the contract value at the later of issue or latest quarterly contract anniversary is greater than or equal to $1 million)
  • Net fund expense range: 0.15% - 1.86%*, average 0.63%. Gross fund expense range: 0.26% to 1.86%. Expense ranges as of 6/24/2019.
Withdrawal Charges:
  • None

Standard Benefits

  • Investment Freedom – Choose from more than 140 investment options in a wide range of investment classes and styles.
  • All Class I Share Funds (no 12(b)-1 fees), additional waivers may apply.
  • Tax-Free Transfers – Transfer between investment options up to 25 times each contract year without a transfer fee. (To prevent abusive trading practices, Jackson restricts the frequency of transfers among variable investment options, including trading out of and back into the same subaccount within a 15-day period.) $25 for each transfer thereafter.
  • Dollar Cost Averaging – Automatically transfer assets from one variable option or the 1-Year Fixed Account: monthly, quarterly, semiannually, or annually. (Minimum contract value of $15,000.)
  • Earnings Sweep – Automatically transfer monthly earnings from the 1-Year Fixed Account or the JNL®/WMC Government Money Market into your choice of variable investment options.

    You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

  • Automatic Rebalancing‡, § – Ensure you're invested where you want to be — choose how often to rebalance your portfolio: monthly, quarterly, semiannually, or annually.
  • Standard Death Benefit** – Equal to contract value on the date of the claim and does not include any additional guarantees.
Fixed Account Options:
1-, 3-, 5-, and 7-Year available††
  • The premium earns interest in a fixed account at a rate never less than the Fixed Account Minimum Interest Rate (FAMIR) — 1%-3% depending on the five year Constant Maturity Treasury Rate. The FAMIR may be redetermined once a year in January on the contract anniversary date. Jackson reserves the right to restrict transfers to and from the 1-Year Fixed Account and the variable subaccounts.

Add-on Benefits (Add-on benefit availability and charges may vary by state.)

Annual Benefit-Based Charges:
  • Death benefit options: Return of Premium (ROP) death benefit available: 0.25%** (please see your financial professional for options, availability, and charge information.)

*Total annual fund operating expenses are calculated as an annual percentage of the average daily net assets. These are expenses deducted from fund assets, including management and administration fees and other expenses. This range is based on the estimated expenses reflected for each of the portfolios in the current prospectus and subsequent prospectus supplements

Select up to 99 investments and adjust options or allocations up to 15 times each contract year without transfer fees. To prevent abusive trading practices, Jackson restricts the frequency of transfers among variable investment options.

Systematic investment programs do not assure a profit or protect against loss in a declining market. They involve continuous investing regardless of fluctuating price levels. You should consider your ability to continue investing through periods of fluctuating market conditions.

§If fixed account restrictions are imposed, the owner may elect automatic rebalancing, but the 1-Year Fixed Account may not be included in the allocation.

**Add-on death benefits are available for an additional fee. Death benefits terminate if contract value falls to zero and upon spousal continuation.

††There may be periods when Jackson restricts the amount of premium payments into, and the amount and frequency of transfers between, into and from, any fixed account option; to close any fixed account option; and to require transfers from a fixed account option. If the transfer restriction is imposed, then transfers from the 1-Year Fixed Account in the first contract year may not exceed one-third of the value of the fixed account; if the maximum transfer amount has been transferred in the previous contract year, in the following contract year transfers may not exceed one-half of the value of the fixed account. If the maximum transfer amount has been transferred in both of the two prior contract years, the remaining value of the fixed account may be transferred the next contract year. Transfers may not begin until 12 months after the last transfer. The interest rate credited to the fixed account is backed by the claims-paying ability of Jackson National Life Insurance Company. Withdrawals from a fixed account prior to the end of the fixed period may be subject to withdrawal charges and excess interest adjustments, where applicable, which may reduce the contract value. Excess interest adjustments do not apply on the 1-Year Fixed Account option. Premium allocated to the fixed accounts are subject to a Fixed Account Minimum Value. The Fixed Account Minimum Value is equal to 87.5% of premiums allocated to the Fixed Account Options reduced by withdrawals and transfers from the Fixed Account Options, any applicable optional benefit charges, taxes, and a $50 annual deduction, accumulated at the Fixed Account Minimum Interest Rate.

Planning Calculators
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Use these calculators to help you create a retirement plan that suits your long-term goals.

Understanding Annuities
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Examine the potential benefits of variable annuities (VAs) as part of a balanced, long-term portfolio plan.

Build a Foundation
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Partner with a professional to help pursue your long-term financial goals.

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 representative or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.

The latest income date allowed is age 95, which is the required age to annuitize or take a lump sum. Please see the prospectus for important information regarding the annuitization of a contract.

In certain states, we reserve the right to refuse any subsequent premium payments.

Add-on benefits are available for an extra charge in addition to the ongoing fees and expenses of the variable annuity. Once elected, benefits may not be cancelled; please see prospectus for specific benefit availability. The long-term advantage of the add-on benefits will vary with the terms of the benefit option, the investment performance of the variable investment options selected, and the length of time the annuity is owned. As a result, in some circumstances the cost of an option may exceed the actual benefit paid under that option.

Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company® and do not apply to the principal amount or investment performance of a variable annuity's separate account or its underlying investments.

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 "non-natural person" such as a corporation or certain types of trusts.

Jackson Private Wealth Variable and Fixed Annuity (VA790, ICC17 VA790, VA790-T1, ICC17 VA790-T1) is issued by Jackson National Life Insurance Company® (Home Office: Lansing, Michigan). Distributed by Jackson National Life Distributors LLC, member FINRA. This product has 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 National Life Insurance Company®.

Firm and state variations may apply.

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

CMV18831PD 06/19

© 2019. All rights reserved
Jackson National Life Insurance Company
1 Corporate Way
Lansing, MI 48951