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Perspective II®

Product Details

Contract Specifications

Create and adapt your portfolio based on your needs, with no asset allocation or bundling requirements. Along with optional guarantees that are available for an additional charge, Jackson® variable annuities include these standard benefits. (State variations may apply.)

Ages and Amounts:
  • Maximum issue age: 90
  • Minimum initial premium: $10,000 (nonqualified); $5,000 (qualified)
  • Maximum annuitization age: 95
Fees and Charges:
Contract Expenses:
  • Mortality and expense risk charge: 1.15% (1.25% in New York)
  • Administration charge: 0.15% — waived for contracts with quarterly contract anniversary values of $1 million or more
Annual Contract Maintenance Charge:
  • $35 ($30 in New York) — waived for contract anniversary values or surrender values of $50,000 or more
Withdrawal Charges:*
  • 7 years — 8.5%, 7.5%, 6.5%, 5.5%, 5%, 4%, 2%, 0%
    (7%, 6%, 5%, 4%, 3%, 2%, 1%, 0% in New York)

Standard Benefits

  • Investment Freedom – Choose from more than 90 professionally managed investment options in a wide range of investment classes and styles.†
  • Systematic Withdrawal Options – Choose a specific amount or percentage, or take earnings, on a monthly, quarterly, semiannual, or annual basis.
  • Free Withdrawals‡ – Each contract year, the greater of earnings at any time or 10% of remaining premium still subject to withdrawal charges (where applicable).
  • Automatic Investment Plan§ – Keep investing in your future with monthly or quarterly automatic transfers of as little as $50.
  • Tax-Free Transfers – Transfer between investment options up to 15 times each contract year without a transfer fee. (To prevent abusive trading practices, Jackson restricts the frequency of transfers among variable investment options.)
  • Nursing Home Waiver – Authorize a one-time free of charge withdrawal from your contract, up to $250,000 — as a result of a 90-day nursing home stay.
  • Jackson Accelerated Benefit – Make a one-time withdrawal of up to 25% of your contract value without a withdrawal charge if diagnosed with a particular disease. (Not available in New York.)
  • Terminal Illness Benefit – Withdraw as much as $250,000 from your contract if you suffer from a terminal illness that will result in death within 12 months. (Not available in New York.)
  • 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. (Minimum contract value of $15,000.)

    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.
  • Pre-selected Death Benefit Options – Select how and when to distribute your legacy to beneficiaries. (Available on nonqualified and IRA contracts only.)
  • Standard Death Benefit – Leave your beneficiaries the greater of the contract value or the total of all premium payments (less withdrawals and applicable charges). (All withdrawals reduce the standard death benefit in the same proportion that the contract value is reduced.)
  • Special Spousal Continuation – Give your spousal beneficiary the option to continue your contract and build assets for the future.
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%-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.

Optional Benefits (Optional benefit availability and charges may vary by state.)

Annual Asset-Based Charges:‡‡
  • Withdrawal option: 4-Year withdrawal charge (0.40%) (8%, 7%, 5.5%, 3.5%, 0%)
    (6.5%, 5.0%, 3.0%, 2.0%, 0% in New York)
  • Earnings protection: EarningsMax® — 0.30%
Annual Benefit-Based Charges:
  • Living benefit options: LifeGuard Freedom® suite of living benefits (please see your financial professional for options, availability, and charge information)
  • Return of premium benefit options (please see your financial professional for options, availability, and charge information)
  • Death benefit options: Enhanced death benefit options available (please see your financial professional for options, availability, and charge information)

*Withdrawal charges are expressed as a percentage of premium payments and are based on the number of completed years since each premium payment. Upon a full or partial withdrawal taken on or after the owner's 86th birthday, withdrawal charge percentages applied will be less than those in the normal duration of the schedule (does not apply in New York).

The freedom mentioned herein is not related to our LifeGuard Freedom Suite of living benefits.

Withdrawals that exceed the free withdrawal may be subject to withdrawal charges and excess interest adjustments (interest rate adjustment in New York), where applicable, which may reduce the contract value.

§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.

††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 or Jackson National Life Insurance Company of New York. Withdrawals from a fixed account prior to the end of the fixed period may be subject to withdrawal charges and excess interest adjustments (interest rate adjustments in New York), where applicable, which may reduce the contract value. Excess interest adjustments (interest rate adjustments in New York) do not apply on the 1-Year Fixed Account option.

‡‡If the 4-Year withdrawal charge option is elected, subsequent premium payments are only allowed in the first contract year. The additional charge is only for the first four years. If elected maximum issue age is 85.

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

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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.

We reserve the right to refuse any subsequent premium payments, subject to state applicability.

Optional benefits may be elected at issue and, once elected, may not be canceled. Only one optional living benefit and one optional death benefit may be elected per contract. May not be available in all states or on all products, and state variations may apply. 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 the option. The standard and optional death benefits are terminated if the contract value falls to zero.

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 II Variable and Fixed Annuity (VA620) is issued by Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and in New York, (VA620NY 09/12) 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. May not be available in all states and state variations may apply. This contract has limitations and restrictions including possible withdrawal charges and excess interest adjustments (interest rate adjustments in New York) where applicable. Jackson® issues other 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®.

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

CMV16050PD 04/17

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