Elite Choice: Variable Annuities

Elite Choice
https://www.jackson.com/annuities/fixedindex/EliteChoice.jsp?&fram...
My Dashboard | Profile | Forms | Contact Us | Sign Out
Welcome, VERNA DE-XI HUANG
Annuities
Retirement Planning
Annuities
Elite Choice
Print
Variable Annuities Fixed Index Annuities Jackson AscenderPlus Select Select Annual Reset Elite Choice Elite Choice Rewards Jackson Fixed Index Annuities at a Glance Fixed Annuities Understanding Annuities Overview Index Options Crediting Options Withdrawals Elite Choice offers traditional fixed annuity benefits, such as guaranteed minimum interest and death benefits, flexible retirement income options and tax-deferred earnings. But it doesnt stop there. Elite Choice takes retirement planning to another level with the potential for additional interest linked to the return of an index. Designed for retirement, Elite Choice gives you the flexibility to choose from four timeframes, three crediting methods and two indexes to fit your unique retirement planning needs.
Resources:
Elite Choice (PDF)
What is an Annuity?
An annuity is a long-term, tax-deferred investment designed for retirement. Earnings are taxable as ordinary income when distributed and, if withdrawn before age 59, may be subject to a 10% federal tax penalty.
Access to Your Money When You Need It

Even though annuities are long-term retirement vehicles, there are times when unexpected needs arise. Elite Choice without penalty.
provides for those situations with several opportunities to take early withdrawals
10% Free Withdrawals: On the first withdrawl within the contract year, you may withdraw up to 10% of the accumulation value free of withdrawal charges.* 1 Required Minimum Distributions: Withdrawals taken to satisfy IRS required minimum distributions are not subject to withdrawal charges, even when they exceed the 10% free withdrawal allowance.* Extended Care Benefit: Up to 20% of the accumulation value may be taken free of withdrawal charges, on the first withdrawal within the contract year, if you are confined by medical necessity to a nursing home or hospital for 90 consecutive days.*
2
Terminal Illness Benefit: During the Indexed Option Period up to 100% of the greater of your accumulation value or Special Benefit Value may be taken free of withdrawal charges if you are diagnosed with a medical condition expected to be terminal within 12 months. Guaranteed Minimum Death Benefit: In the event of your death, your beneficiaries will receive the greater of the accumulation value or the Special Benefit Value during the Indexed Option Period.
4 3
There may be withdrawal charges if more than one of these withdrawal benefits is taken within the same contract year.
Withdrawal Charges (as a percentage of Accumulation Value): Term Years Completed 1 or less 2 3 4 5 6 Issue Ages 0-78 (All Terms) 10.00% 9.50% 8.75% 8.00% 7.00% 6.25% Issue Ages 79-80 (10 YR) 8.75% 8.00% 7.00% 6.25% 5.50% 4.50% Issue Ages 79-83 (8 YR) 7.00% 6.25% 5.50% 4.50% 3.50% 2.50% Issue Ages 79-85 (6 YR) 5.50% 4.50% 3.50% 2.50% 1.50% 0.50%
1 of 2
6/5/2013 8:57 PM
Elite Choice
https://www.jackson.com/annuities/fixedindex/EliteChoice.jsp?&fram...
7 8 9 10 11 12 13+
1 If
5.50% 4.50% 3.50% 2.50% 1.50% 0.50% 0.00%
3.50% 2.50% 1.50% 0.50% 0.00%
1.50% 0.50% 0.00%
0.00%
you take full or partial withdrawals that exceed the benefit limits prior to the end of your selected term, they may be subject to withdrawal charges as shown in the table above. Withdrawal charges are based on age at issue, state of issue and years since contract issue, and will be waived after the expiration of the selected term. If withdrawn before age 59 1/2, withdrawals may be subject to a 10% federal tax penalty. All future gains related to any withdrawal amount will be lost forever at the time the withdrawal is taken.
2 The Company reserves the right to require proof of confinement each time the benefit is exercised. All other contract values will be reduced proportionately for the amount withdrawn. State variations may apply. 3 The Terminal Illness Benefit is subject to a maximum of $250,000 for all Jackson contracts. A payment under the Terminal Illness Benefit is payable only once, regardless of the subsequent occurrence of the same or a different condition. Diagnosis must be made by a U.S.-licensed physician. The Company reserves the right to order a second exam, at its own cost, by a physician of its own choice. All other contract values will be reduced proportionately for the amount withdrawn. State variations may apply. 4 The
Special Benefit Value is calculated as 100% of each premium accrued at 3% annually, credited daily.
JMI1265D 01/12
Legal and Privacy | Site Map | Contact Us

Not available in New York. 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 not be available if the annuity is owned by a non-natural person such as a corporation or certain types of trusts. The Maturity Date allowed under the contract is the owner's age 90 and is the required age to annuitize or to take a lump sum. Elite Choice Single Premium Deferred Fixed Index Annuity (contract form number FIA800) is issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and distributed by Jackson National Life Distributors LLC. Not available in all states and state variations may apply. This product is a fixed annuity that does not participate in any stock or equity investments and has limitations and restrictions, including withdrawal charges. During the first four contract years, the annuitys cash withdrawal value may be less than the principal allocation. Jackson issues other annuities with similar features, benefits, limitations and charges. Discuss them with your representative or contact Jackson for more information. Fixed index annuities may not be suitable for everyone. Jackson is the marketing name for Jackson National Life Insurance Company and Jackson National Life Insurance Company of New York . Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company. Not FDIC/NCUA insured Not bank/CU guaranteed May lose value Not a deposit Not insured by any federal agency JMI1265 01/12 2013. All rights reserved Jackson National Life Insurance Company 1 Corporate Way Lansing, MI 48951
2 of 2
6/5/2013 8:57 PM

Elite Choice: Variable Annuities

Uploaded by

Copyright:

Available Formats

Elite Choice: Variable Annuities

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Elite Choice: Variable Annuities

Uploaded by

Copyright:

Available Formats

Elite Choice

My Dashboard | Profile | Forms | Contact Us | Sign Out

Welcome, VERNA DE-XI HUANG

Access to Your Money When You Need It

5.50% 4.50% 3.50% 2.50% 1.50% 0.50% 0.00%

3.50% 2.50% 1.50% 0.50% 0.00%

1.50% 0.50% 0.00%

Legal and Privacy | Site Map | Contact Us

You might also like