Market Link Pro II NY
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Highlights
The Jackson Market Link Pro II is an individual single Premium deferred registered index-linked annuity Contract issued by Jackson of NY. The Contract provides for the potential accumulation of retirement savings and partial downside protection in adverse market conditions. The Contract is a long-term, tax-deferred annuity designed for retirement or other long-term investment purposes. It is available for use in Non-Qualified plans, Qualified plans, Tax-Sheltered annuities, Traditional IRAs, and Roth IRAs.
Available in states:
NY
|
Type
|
Registered Index-Linked |
|---|---|
| Purpose | Accumulation |
|
Term
|
6 Years |
|
Surrender schedule
|
8%8%7%6%5%4% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
04/29/2024 |
|
Minimum contribution
|
$25,000 |
|
Maximum contribution
|
$1,000,000 |
|
Max Age Qualified
|
85 |
|
Types of funds
|
Non-Qualified, 401k, Profit Sharing, IRA, Pension, TSA 403b, KEOGH, IRA-Roth, and 1035 Exchange |
Brochure
|
Open brochure |
Find out if the Market Link Pro II NY is the right product for you.
Premium Notes
Maximum Issue Age is 85.
Minimum Single Premium is $25,000. Subsequent premiums not allowed.
Allocations of Premium
You may allocate Premium to any available Index Account Option or Fixed Account. Each allocation must be a whole percentage between 0% and 100%. The minimum amount you may allocate to an Index Account Option or Fixed Account is $100.
Minimum Single Premium is $25,000. Subsequent premiums not allowed.
Allocations of Premium
You may allocate Premium to any available Index Account Option or Fixed Account. Each allocation must be a whole percentage between 0% and 100%. The minimum amount you may allocate to an Index Account Option or Fixed Account is $100.
Withdrawal Provisions
Access to Your Money
You may withdraw some or all of your money at any time prior to the Income Date. For any withdrawal from an Index Account Option, an Interim Value adjustment as of the date of the withdrawal will apply and may substantially reduce your Index Account Option Value. In addition, a withdrawal taken in excess of the Free Withdrawal amount may be subject to additional Withdrawal Charges.
Free Withdrawal amount
The free withdrawal amount is equal to 10% of Remaining Premium during each Contract Year that would otherwise incur a Withdrawal Charge, minus earnings. The free withdrawal amount may be taken once or through multiple withdrawals throughout the Contract Year. Amounts withdrawn to satisfy required minimum distributions reduce the amount of available Free Withdrawal. If a required minimum distribution is applicable, the Free Withdrawal amount is equal to the required minimum distribution, less earnings.
You may withdraw some or all of your money at any time prior to the Income Date. For any withdrawal from an Index Account Option, an Interim Value adjustment as of the date of the withdrawal will apply and may substantially reduce your Index Account Option Value. In addition, a withdrawal taken in excess of the Free Withdrawal amount may be subject to additional Withdrawal Charges.
Free Withdrawal amount
The free withdrawal amount is equal to 10% of Remaining Premium during each Contract Year that would otherwise incur a Withdrawal Charge, minus earnings. The free withdrawal amount may be taken once or through multiple withdrawals throughout the Contract Year. Amounts withdrawn to satisfy required minimum distributions reduce the amount of available Free Withdrawal. If a required minimum distribution is applicable, the Free Withdrawal amount is equal to the required minimum distribution, less earnings.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
|
| 6-Year MSCI Emerging Markets PTP Cap with Participation Rate with 10% Buffer |
Point to Point
6-Year
|
130%
Participation
400%
Cap
|
| 3-Year MSCI EAFE PTP Cap with Participation Rate with 20% Buffer |
Point to Point
Triennial
|
105%
Participation
350%
Cap
|
| 6-Year MSCI EAFE PTP Cap with Participation Rate with 10% Buffer |
Point to Point
6-Year
|
130%
Participation
400%
Cap
|
| 6-Year MSCI EAFE PTP Cap with Participation Rate with 20% Buffer |
Point to Point
6-Year
|
115%
Participation
400%
Cap
|
| 1-Year MSCI Emerging Markets PTP Cap with Participation Rate with 10% Buffer |
Point to Point
Annual
|
100%
Participation
21%
Cap
|
| 1-Year MSCI Emerging Markets PTP Cap with Participation Rate with 20% Buffer |
Point to Point
Annual
|
100%
Participation
13.75%
Cap
|
| 3-Year MSCI Emerging Markets PTP Cap with Participation Rate with 10% Buffer |
Point to Point
Triennial
|
115%
Participation
350%
Cap
|
| 3-Year MSCI Emerging Markets PTP Cap with Participation Rate with 20% Buffer |
Point to Point
Triennial
|
100%
Participation
350%
Cap
|
| 3-Year MSCI EAFE PTP Cap with Participation Rate with 10% Buffer |
Point to Point
Triennial
|
120%
Participation
350%
Cap
|
| 6-Year MSCI Emerging Markets PTP Cap with Participation Rate with 20% Buffer |
Point to Point
6-Year
|
115%
Participation
400%
Cap
|
| 1-Year MSCI KLD 400 Social PTP Cap with Participation Rate with 10% Buffer |
Point to Point
Annual
|
100%
Participation
12%
Cap
|
| 1-Year MSCI KLD 400 Social PTP Cap with Participation Rate with 20% Buffer |
Point to Point
Annual
|
100%
Participation
9.5%
Cap
|
| 3-Year MSCI KLD 400 Social PTP Cap with Participation Rate with 10% Buffer |
Point to Point
Triennial
|
100%
Participation
38%
Cap
|
| 3-Year MSCI KLD 400 Social PTP Cap with Participation Rate with 20% Buffer |
Point to Point
Triennial
|
100%
Participation
30%
Cap
|
| 6-Year MSCI KLD 400 Social PTP Cap with Participation Rate with 10% Buffer |
Point to Point
6-Year
|
100%
Participation
400%
Cap
|
| 6-Year MSCI KLD 400 Social PTP Cap with Participation Rate with 20% Buffer |
Point to Point
6-Year
|
100%
Participation
96%
Cap
|
| 1-Year MSCI EAFE PTP Cap with Participation Rate with 10% Buffer |
Point to Point
Annual
|
100%
Participation
17%
Cap
|
| 1-Year S&P 500 PTP Cap with Participation Rate with 10% Buffer |
Point to Point
Annual
|
100%
Participation
13.5%
Cap
|
| 1-Year S&P 500 PTP Cap with Participation Rate with 20% Buffer |
Point to Point
Annual
|
100%
Participation
10.25%
Cap
|
| 3-Year S&P 500 PTP Cap with Participation Rate with 10% Buffer |
Point to Point
Triennial
|
100%
Participation
45%
Cap
|
| 3-Year S&P 500 PTP Cap with Participation Rate with 20% Buffer |
Point to Point
Triennial
|
100%
Participation
34%
Cap
|
| 6-Year S&P 500 PTP Cap with Participation Rate with 10% Buffer |
Point to Point
6-Year
|
110%
Participation
400%
Cap
|
| 6-Year S&P 500 PTP Cap with Participation Rate with 20% Buffer |
Point to Point
6-Year
|
105%
Participation
400%
Cap
|
| 1-Year Russell 2000 PTP Cap with Participation Rate with 10% Buffer |
Point to Point
Annual
|
100%
Participation
19.5%
Cap
|
| 1-Year Russell 2000 PTP Cap with Participation Rate with 20% Buffer |
Point to Point
Annual
|
100%
Participation
13%
Cap
|
| 3-Year Russell 2000 PTP Cap with Participation Rate with 10% Buffer |
Point to Point
Triennial
|
100%
Participation
64%
Cap
|
| 3-Year Russell 2000 PTP Cap with Participation Rate with 20% Buffer |
Point to Point
Triennial
|
100%
Participation
44%
Cap
|
| 6-Year Russell 2000 PTP Cap with Participation Rate with 10% Buffer |
Point to Point
6-Year
|
110%
Participation
400%
Cap
|
| 6-Year Russell 2000 PTP Cap with Participation Rate with 20% Buffer |
Point to Point
6-Year
|
105%
Participation
400%
Cap
|
| 1-Year MSCI EAFE PTP Cap with Participation Rate with 20% Buffer |
Point to Point
Annual
|
100%
Participation
11.25%
Cap
|
| 1-Year Russell 2000 Performance Trigger with 10% Buffer |
Performance Triggered
Annual
|
12.7%
Performance triggered
|
| 1-Year MSCI KLD 400 Social Performance Trigger with 10% Buffer |
Performance Triggered
Annual
|
9.1%
Performance triggered
|
| 1-Year MSCI Emerging Markets Performance Trigger with 10% Buffer |
Performance Triggered
Annual
|
13%
Performance triggered
|
| 1-Year MSCI EAFE Performance Trigger with 10% Buffer |
Performance Triggered
Annual
|
10.1%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger with 10% Buffer |
Performance Triggered
Annual
|
9.7%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for Market Link Pro II NY annuity.
Waivers
Extended Care
We will waive withdrawal Charges on up to $250,000 of Contract Value withdrawn, after you have provided us with a physician’s statement verifying that you have been confined to a nursing home or hospital for 90 consecutive days. Your confinement to the nursing home or hospital must begin after the Issue Date of this Contract. This waiver is available only once, no matter the amount withdrawn, or in the circumstances of multiple confinements for the same or a different medical condition and/or Joint Owners. Withdrawals made pursuant to this waiver from Index Account Options are subject to an Interim Value adjustment.
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