Sep. 28, 2009 (Business Wire) -- Jackson National Life Insurance Company® (Jackson) today announced the launch of Perspective Rewards, a new variable annuity product that offers an automatic bonus of either 6 or 8 percent, depending on the amount of initial premium payments.1 Regardless of the premium amount, Perspective Rewards gives contract holders the opportunity to invest in any of Jackson’s available investment options, as well as the company’s entire suite of benefits.
Adjusted premium2 of $100,000 and greater will earn an 8-percent bonus, while adjusted premium under $100,000 will earn a 6-percent bonus. Additionally, the 6- or 8-percent bonus may be available for subsequent premium payments.3
“Jackson has a long-standing tradition of effectively balancing product innovation with financial discipline and a conservative approach to risk management,” said Clifford Jack, executive vice president and chief distribution officer for Jackson. “Our focus is on providing high-quality retirement income solutions that are priced to deliver value to the customer while supporting Jackson’s financial stability and long-term viability.”
Perspective Rewards also offers additional bonus crediting on new premiums received in the first contract year that cause the adjusted premium to meet or exceed $100,000.
Perspective Rewards is the fourth contract offered within Jackson’s PerspectiveSM family of variable annuities. As with all of Jackson’s Perspective VAs, contract holders have the ability to select and pay for the features and benefits that best meet their needs, including optional guaranteed living benefits, death benefits and earnings protection features.
“The modular design of our variable annuities has always been an important differentiator for Jackson,” said Steve Kluever, senior vice president of product and investment management for Jackson National Life Distributors LLC. “The flexibility and transparency we build into our products is more relevant than ever in today’s environment, as investors seek benefits and cost structures that are easy to understand and allow for true customization.”
Advisers who wish to learn more about Jackson, the support offered by the company’s wholesaling team, or the optional features and benefits available within Jackson’s variable annuity products, can contact Jackson at 800/711-JNLD (5653) or visit www.jackson.com.
About Jackson National Life Insurance Company
With nearly $77 billion in assets (IFRS unaudited)*, Jackson National Life Insurance Company (Jackson) is an industry leader in variable, fixed and fixed index annuities. The company also offers life insurance and institutional products.
