Benefits of Annuities

Potential for Growth and Protection

Fewer employer sponsored retirement plans means that individuals are solely responsible for funding their own retirement. That means looking for strategies that can help you grow and protect your hard-earned assets. Annuities may provide the opportunity for growth as well as protection for income that will last your lifetime. 

What is an Annuity?

An annuity is a long-term, tax-deferred vehicle designed for retirement. Variable annuities involve investment risks and may lose value. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met.

The principal value of a variable annuity will fluctuate based on the performance of the underlying investment options and may lose value and there is no guarantee that an add-on living benefit will provide sufficient supplemental retirement income.

Income Protection

Many people are living longer, healthier lives, so reliable income that lasts is essential to any retirement. Jackson annuities offer a variety of add-on benefits* that can provide lifetime income^ to meet the challenge of longevity head-on.

Growth Potential

The market can be intimidating for investors, but it also can be a powerful tool for growing your assets. Annuities that offer market access can provide opportunities for growth through a variety of investment options. Some annuities even offer protections against market ups and downs.

Growth Potential from Tax Deferral§

One of the great advantage of annuities is they defer your taxes on interest and investment earnings until you take income from them. This means you get to keep more of what you’ve earn to invest in your future retirement.

Legacy Benefits

Sometimes there’s more to retirement than living a good life. With add-on benefits that preserve and grow assets in an annuity, planning for future generations has never been easier. And once it’s time to pass your legacy, it can go directly to your beneficiaries, tax-deferred. 

Jackson Annuities

Tax deferral and protected lifetime income are just a few of the benefits that annuities can provide.

*Add-on benefits that provide income for the length of a designated life and/or lives may be available for additional charge. The amount of income that these benefits may provide can vary depending on age, when income is taken, and how many lives are covered when the benefit is elected. The cost of these benefits may negatively impact the contracts cash value.

^Lifetime income of the add-on lifetime benefits available with variable annuities becomes effective at issue if the designated life is age 59½ at issue, or upon the contract anniversary following designated life's 59½ birthday, provided the contract value is greater than zero and has not been annuitized.

§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 legal entity such as a corporation or certain types of trusts.

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

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. They are not backed by the broker/dealer from which this annuity contract is purchased, by the insurance agency from which this annuity contract is purchased or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of Jackson National Life Insurance Company or Jackson National Life Insurance Company of New York.

The latest maturity date or income date allowed under an annuity contract 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 variable annuity contract.

Annuities are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) or in New York 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. These products have limitations and restrictions. 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®.