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What is a Fixed Index Annuity?
Fixed annuities with index-linked interest are long-term, tax-deferred vehicles designed for retirement. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax if withdrawn before age 59½unless an exception to the tax is met.
Jackson, its distributors, and their respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Tax laws are complicated and subject to change. Tax results may depend on each taxpayer’s individual set of facts and circumstances. Clients should rely on their own independent advisors as to any tax, accounting, or legal statements made herein.
Index values are provided weekly. Values shown are determined after the markets close every Friday. If Friday is not a Business Day, the Index Determination Date shall be the following Business Day that the markets are open (typically, the following Monday). Values are determined weekly, because premium is only applied to a crediting method once a week.
Index Determination Date (IDD): Business days on which certain transactions regarding an Indexed Option may occur.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"), and has been licensed for use by Jackson National Life Insurance Company® ("Jackson"). Standard & Poor's®, S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by Jackson®. Jackson fixed index annuities are not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
MSCI EAFE is recognized as the preeminent benchmark in the U.S. to measure international equity performance. It is comprised of MSCI country indices that represent developed markets outside of North America, consisting of Europe, Australasia, and the Far East. The Product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such Products or any index on which such Products are based. The Contract contains a more detailed description of the limited relationship MSCI has with Jackson National Life Insurance Company and any related Products.
All indexes are unmanaged and not available for direct investment. The payment of dividends is not reflected in the index return.
Fixed index annuities are not available in New York.
Fixed Index Annuities are also referred to as Fixed Annuities with Index Linked Interest in the contract.
Fixed index annuities (contract form numbers ICC19 FIA265, ICC20 FIA265-FB2, FIA265, and FIA265-FB2) are 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. These products are fixed annuities that do not participate in any stock or equity investments. Limitations and restrictions apply, including withdrawal charges and market value adjustment or recapture charges (if applicable). During the Indexed Option Period the annuity’s cash withdrawal value may be less than the initial premium. Additional premium may be permitted in the first contract year, depending on the product. 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.
Jackson® is the marketing name for Jackson Financial Inc. and Jackson National Life Insurance Company®.