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Jackson Income Assurance 7

First founded in 1961, Jackson National Life Insurance Company has grown into a reputable force in the annuity and investment market. With a focus on providing various types of annuities, including variable, fixed, or indexed, the company plays a role in securing their clientele’s financial stability, particularly in retirement. Jackson National aims to help those approaching retirement better plan for their golden years by demonstrating expertise in investment management and offering personalized guidance for customers. Lately, they have diversified their product model by acquiring other insurance companies, such as the Life Insurance Company of Georgia and the SRLC America Holding Corp.

Jackson Income Assurance 7

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

7 Years

Surrender schedule

8.25%

7.25%

6.5%

5.5%

4.5%

3.75%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$2,500,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Traditional IRA, IRA Rollover, IRA Transfer, 1035 Exchange, TSP, Roth Conversion (Partial), and Roth Conversion (Full)

Launch Date

08/25/2025

Jackson National Life Insurance Company suite of fixed index annuities includes an embedded living benefit that provides guaranteed lifetime income. Designed to offer guaranteed lifetime income through an embedded living benefit along with growth potential and capital preservation opportunities.
A fixed index annuity is a long-term, tax-deferred vehicle designed for retirement, combining the advantages of a traditional fixed annuity with the potential for additional interest linked to the return of an index. 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.

Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	2.65% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	4.5% Cap
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	4.15% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6	7
Penalty	9%	8%	7%	7%	6%	5%	4%

Riders

Name	Inbuilt	Fee
Jackson Income Assurance GMWB Rider	Yes	1.10% annually

Waivers

Hospital

If you (or your joint owner) are by medical necessity confined to a hospital for 90 consecutive days, you may withdraw up to 100% of the accumulated contract value without incurring a withdrawal charge (one time only). Please contact your financial professional for options and availability.

Nursing Home

If you (or your joint owner) are by medical necessity confined to a nursing home for 90 consecutive days, you may withdraw up to 100% of the accumulated contract value without incurring a withdrawal charge (one time only). Please contact your financial professional for options and availability.

Terminal Illness

If you (or your joint owner) are diagnosed with a medical condition expected to result in death within 12 months, you may withdraw up to 100% of your contract's accumulated contract value without incurring a withdrawal charge (one time only). Please contact your financial professional for options and availability.

RMD

Jackson Income Assurance 7 is RMD friendly, so qualified contracts may not be subject to withdrawal charges or MVA.

Premium Notes

Maximum Issue Age is 80.

Minimum Single Premium is $25,000
Minimum of $500 (permitted in first contract year), with a maximum not to exceed the greater of 20% of initial premium or $25,000.
Maximum Single Premium $2,500,000

Withdrawal Provisions

Free WithdrawalsIn the first contract year, up to 10% of initial and additional premium, and in subsequent years, up to 10% of the accumulation value determined at the beginning of the contract year may be taken without a withdrawal charge or market value adjustment.RMD- FriendlyRequired Minimum Distributions (RMDs for this contract may be taken from your qualified contract with no withdrawal charges and free of market value adjustments (if applicable), even if the amount exceeds the 10% withdrawal provision. All withdrawals, including systematic withdrawals, required minimum distributions (RMDs) and free withdrawals, apply to the total amount withdrawn in an indexed option year. The RMD withdrawal must be for this contract only and you must specify that the withdrawal is an RMD. Partial withdrawals reduce the Contract Value on a dollar for dollar basis and may be subject to applicable withdrawal charges and MVA. A reduced Contract Value results in a lower basis for future income payment calculations if the add-on benefit is elected. The RMD for this contract may be taken from a qualified MarketProtector Suite contract free of withdrawal charges, even if the amount exceeds the 10% free withdrawal provision. 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 applicable withdrawal charges and MVA. Free withdrawals not taken in a Contract Year are not available in the following Contract Years. The RMD withdrawal value is based on the Contract Value plus the value of any additional benefits. If a withdrawal taken before the end of the initial Indexed Option Period exceeds the greater of the RMD requirement or the 10% free withdrawal benefit, the excess amount withdrawn will be subject to withdrawal charges.

Company Founded: 1961

Excellent Rated Company

Jackson National Life Insurance Company

Company Ratings

4.8