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Perspective Advisory II®

Product Details

Contract Specifications

Create and adapt your portfolio based on your needs, with no asset allocation or bundling requirements. Along with add-on guarantees that are available for an additional charge, Jackson® variable annuities include these standard benefits.

Ages and Amounts:
  • Maximum issue age: 85
  • Minimum initial premium: $25,000 (nonqualified) or (qualified)
  • Maximum annuitization age: 95
Fees and Charges:
Contract Expenses:
  • Core Contract Charge: 0.45% (The charge will reduce to 0.40% for contracts with quarterly anniversary values of $1 million or more)
Annual Contract Maintenance Charge:
  • $35 (waived for contract anniversary values or surrender values of $50,000 or more)
Withdrawal Charges:
  • None*

Standard Benefits

  • Investment Freedom – Choose from more than 140 professionally managed investment options
  • Investment Automation – The power of ongoing investing with dollar cost averaging
  • Penalty and Tax-Free Transfers – Transfer between investment options up to 25 days per year
  • Automatic Rebalancing, § – Helps ensure you’re invested the way you want
  • Systematic Withdrawals – Choose how to receive your income
  • Transfer Contract to Spouse** – Surviving spouse may choose to continue and build contract
  • Control Your Legacy†† – Select how and when to distribute to your beneficiaries
Fixed Account Options:
1-, 3-, 5-, and 7-Year Guarantee Periods‡‡
  • The premium earns interest in a fixed account at a rate never less than the Fixed Account Minimum Interest Rate (FAMIR) (1% to 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 Fixed Account options.

Add-on Benefits§§ (Add-on benefit availability.)

Living Benefit Options
  • AutoGuard 5® – 0.85%
  • LifeGuard Freedom® suite of living benefits – Please see your financial professional for options, availability, and charge information.
  • MarketGuard Stretch® – 1.10%
Death Benefit Options***
  • Return of Premium Death Benefit – 0.20%
  • EarningsMax 0.35% (after ROP)
  • Highest Quarterly Anniversary Value (HQAV) Death Benefit – 0.50%
  • 5% Roll-Up Death Benefit – 1.15%
  • 5% Roll-Up/HQAV Combination Death Benefit – 1.25%

*All or any portion of the contract may be withdrawn at any time prior to the Income Date. On contracts without a GMWB, if the contract value remaining after withdrawal is less than $2,000, any withdrawal will be treated as a total withdrawal and the withdrawal value will be paid and the contract will terminate.

Select up to a maximum of 99 investments and adjust options or allocations up to 25 times each contract year without transfer fees. 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.

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. May not be available in all states.

§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 terminate when contract value falls to 0 and upon spousal continuation.

††Preselected death benefit is available on non-qualified and IRA contracts only.

‡‡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. Jackson reserves the right 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. If the restrictions are imposed, the owner may elect automatic rebalancing, but the 1-Year Fixed Account may not be included in the allocation. 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 market value adjustments, where applicable, which may reduce the contract value. Market value 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, and is accumulated at the Fixed Account Minimum Interest Rate.

§§Add-on benefits are available for an extra charge in addition to the ongoing fees and expenses of the variable annuity. Only one optional living benefit and one optional death benefit may be elected per contract. Once elected, benefits may not be cancelled, please see prospectus for specific benefit availability. The long-term advantage of the optional 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. The total annual charges are calculated as a percentage of the benefit base (contract value for the Return of Premium death benefit) and deducted quarterly and upon termination on a pro-rata basis across the variable investment options and the Fixed Account Options. For Lifeguard Freedom Flex DB, Accelerator DB, and EarningsMax, the Roll Up Death Benefit or Combination Death Benefit the Fixed Account Options are not available, and the charges are deducted quarterly against the investment options only. For Lifeguard Freedom Flex DB a portion of the charge is calculated as a percentage of the GWB and a portion is calculated as a percentage of the GMWB death benefit. For MarketGuard Stretch, annual charges are calculated as a percentage of the GMWB Charge Base. For the Return of Premium death benefit, annual charges are calculated as a percentage of the GMWB Charge Base. On each 5th contract anniversary following the effective date of the endorsement, the company reserves the right to increase the charge subject to the maximum increase amount and maximum benefit charge stated in the contract supplemental data pages. If the Fixed Account Minimum Value of any Fixed Account has been reached, charges will not be taken from that Fixed Account but will be taken pro rata from any Fixed Accounts that have not reached the Fixed Account Minimum Value and the Investment options. If the Contract value falls to zero or at the time the benefit is terminated, the charge will be discontinued.

***The standard death benefit is equal to the contract value on the date of the claim and does not include any additional guarantees. The Fixed Account Options are unavailable with EarningsMax, the Roll-Up Death Benefit, and Combination Death Benefit. If the owner is age 70 or older on the election date, the roll-up Death Benefits Component compounds at 1% less until the contract anniversary immediately preceding the owner’s 81st birthday. Death benefits will terminate if the contract value is reduced to zero and upon spousal continuation.

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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. Only one add-on living benefit and one add-on death benefit may be elected per contract. 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.

Death benefits terminate if contract value falls to zero and upon spousal continuation.

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

Perspective Advisory II Variable and Fixed Annuity (VA790, ICC17 VA790, VA790-FB1, ICC17 VA790-FB1) is issued by Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and in New York, (VA790NY, VA790NY-FB1) by Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York). Variable annuities are distributed by Jackson National Life Distributors LLC, member FINRA. This product has limitations and restrictions. Jackson issues other variable annuities with similar features, benefits, limitations and charges. Discuss them with your representative or 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®.

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

CMV18875PD 06/19

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Jackson National Life Insurance Company
1 Corporate Way
Lansing, MI 48951