Legacy Benefits

Assets That Can Last For Generations

Preparing for retirement means having a plan that provides income to cover expenses and to live the retirement you planned. It can also mean considering options that allow you to leave a legacy to your loved ones or to a charity that is important to you. Many types of annuities offer add-on benefits that make it possible for you to leave a lasting legacy. 

Learn More About Protecting Your Legacy

Advantages of Preserving Your Assets

To help protect and nurture the legacy you’ve created, you’ll need a way to grow or distribute your money responsibly. Continued growth through tax deferral and helping beneficiaries avoid probate are just two of the benefits of “Control from the Grave”—all without having to set up a trust. 

Benefits of Trust-Owned Annuities

A trust can benefit from tax deferral, income control, and diversified investment options, the same features that individuals find in annuities. Ultimately, a trust within an annuity can help serve generations to come.

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 the variable annuity will fluctuate based on the performance of the underlying investment options and may lose value.

Tax-Deferred Savings to Help Achieve Your Retirement Goals

Efficiently transferring assets to the next generation – or even two or three generations – is complicated task. It is made more so by the potential bite of state and federal estate taxes. Exploring planning options to avoid these taxes, transactional costs, and fees is well worth the time and effort for your financial future.

Jackson Charitable Foundation

The Jackson Charitable Foundation believes that the journey to financial freedom is to have strong personal finance skills—allowing people to live fuller, more self-directed lives. A charitable remainder trust is an irrevocable trust that can provide for you and your spouse, as well as the charity you designate—and any gifts to the charity are not subject to capital gains taxes. 

Leaving a Legacy

Preparing for retirement can be more than just ensuring you have enough income to live the life you planned. If you are considering leaving behind an inheritance to loved ones or perhaps a monetary donation to a special charity, a variable annuity with a guaranteed death benefit may allow you to provide the tax-efficient legacy you hope for. To learn more about your options view the videos featured here.

Products That Offer Multi-Generational Benefits

Fixed Annuities

Make it simple and cost-effective for your heirs with a standard death benefit. Jackson’s RateProtector fixed annuity offers a payout to your beneficiaries equal to its accumulated value in the event of your death. 

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Fixed-Index Annuities

Jackson’s MarketProtector Suite of fixed index annuities offers preselected death benefit opportunities that can  provide for your loved ones after your passing. 

Explore Jackson Fixed-Index Annuities
Variable Annuities

With our variable annuities, you can choose from a range of add-on benefits that may help further grow your legacy potential. You can also preserve more of what you leave behind by deferring the income tax burden imposed on beneficiaries. Your legacy can be paid directly to beneficiaries instead of your estate, which helps them avoid time-consuming probate. 

Explore Jackson Variable Annuities

See More Annuity Benefits

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.

*Each Contract Year, up to 10% of the Accumulation Value determined at the beginning of the Contract Year and 10% of subsequent premium payments may be taken free of withdrawal charges and MVA. Free withdrawals not taken in a Contract Year are not available in following Contract Years. If a requested partial withdrawal plus the sum of all prior withdrawals within a Contract Year (including any RMDs) exceeds the greater of 10% of the Accumulation Value determined at the beginning of the Contract Year plus 10% of subsequent premium payments, or – on or after the Activation Date – the greater of the LAIP and the RMD on a contract with an LIB, the amount of the partial withdrawal requested in excess of the free amount will be subject to withdrawal charges and MVA.

Tax deferral offers no additional value if an annuity is used to fund a qualified plan, such as a 401(k) or IRA. It also may not be available if the annuity is owned by a legal entity such as a corporation or certain types of trusts.

Add-on benefits are available for an extra charge in addition to the ongoing fees and expenses of the variable annuity, and may be subject to conditions and limitations. 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. Certain state variations may also apply. The cost of these benefits may negatively impact the contracts' cash value.  The lifetime income of the 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.

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.

Fixed index annuities are also referred to as fixed annuities with index-linked interest in the contract.

Fixed index annuities are not available in 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.

Fixed index annuities are issued by Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and distributed by Jackson National Life Distributors LLC, member FINRA. Not available in all states and state variations may apply. Depending on the product, additional premium may be permitted in the first contract year. These products are fixed annuities that do not participate in any stock or equity investments. Limitations and restrictions apply, including withdrawal charges, recapture charges or market value adjustments (MVA) on some products. Recapture charges and MVA may not apply in all states. During the Indexed Option Period, the annuity's cash withdrawal value may be less than the initial premium. For costs and complete details, contact your representative or the Company.

The design of these annuity contracts emphasizes the protection of credited interest rather than the maximization of interest rate crediting. Jackson issues other annuities with similar features, benefits, limitations, minimum Caps/Rates and charges. Similar products with different features, limitations and with either higher or lower Caps/Rates may be available through other broker-dealers. Fixed annuities with index-linked interest may not be suitable for everyone.

Variable annuities are issued by Jackson National Life Insurance Company and 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 contracts have limitations and restrictions. Jackson issues other annuities with similar features, benefits, limitations, and charges. Discuss them with your financial professional 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®. Jackson National Life Distributors LLC.

Firm and state variations may apply.