annuity comparison report - morningstar · pdf fileannuity comparison report. perspective ii...

Report generated 1-31-2012 Page 1 of 19
Annuity Comparison Report
Perspective II (7-year CDSC)Jackson National Life Insurance Company
Accumulator 2009AXA Equitable Life Assurance Company
Premier Retirement B SeriesPruco Life Insurance Company
Contract Information
Share Class
Prospectus Date
Supplement Date
Date of Last Update
AM Best Rating
Website
Phone Number
State Availability
B
10-11-2010
N/A
10-19-2010
A+ (as of 06-29-2010)
www.jackson.com
(800) 873-5654
Available in all states except NY. Optional 2-5% bonus available on first year payments (subject to recapture). If the 5% bonus option is elected payments will not be accepted after the first year.
B
05-01-2010
N/A
08-10-2010
A+ (as of 06-04-2010)
www.axa-equitable.com
(888) 517-9900
Available in all states as of 03-01-2010.
B
05-01-2010
N/A
08-10-2010
A+ (as of 06-04-2010)
www.axa-equitable.com
(888) 517-9900
Available in all states.
Expense & Fees
Mortality and Expense Risk (M&E)
Administration Charge
Distribution Charge
Total Annual Expense
Annual Contract Fee
AnniversaryAnnual Contract Fee Waived at
1.10%*
0.15%
0.00%
1.25%
$35
$50,000
*For contract issued prior to 9/28/2009, the Mortality and Expense fee was 1.50%. **Max annual policy fee is $60.
0.80%
0.30%
0.20%
1.30%
$30**
$50,000
**Max annual policy fee is $60.
1.15%
0.15%
0.00%
1.30%
$50
$100,000
Surrender Schedule
Duraction (Years)
Surrender Charge Schedule (%)
Free Withdrawals
7
8.5, 7.5, 6.5, 5.5, 4, 2
Greater of earnings or 10% of purchase payments. Optional 20% withdrawal feature available for a charge of 0.30%.
7*
7, 7, 6, 6, 5, 3, 1
*In New York the charge is 7.00% to 0.00% in 7 years; all other states as shown below. As a percent of purchase payments liquidated.
7
7, 7, 6, 6, 5, 5, 5
2011 Morningstar. All Rights Reserved. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by Morningstar, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement.
kloffreText BoxInception Date
kloffreText Box05-01-2012
kloffreText BoxNot Applicable
kloffreText BoxClose Date

Premium Based/Initial Sales Charges
Contract Operation
Controlling Life Owner Owner Owner
Sample Titling for Obtaining Spousal Benefits on a Non-Qualified Contract
Owner
Joint Owner
Annuitant
Joint Annuitant
Primary Beneficiary
Husband
Wife
Husband or Wife
Blank
Anybody
Husband
Wife
Husband or Wife
Blank
Anybody
Husband
Wife
Husband or Wife
Blank
Anybody
Class Name Max Charge %
$0 - $50,000 5.50%*
$50,000 - $100,000 4.50%
$100,000 - $250,000 3.50%
$250,000 - $500,000 2.50%
$500,000 - $1,000,000 2.00%
$1,000,000 or more 1.00%
*A quarterly charge, based on the total purchase payments in the contract, is assessed on each purchase payment for seven years. The charge is not a withdrawal for purposes of determining the free withdrawal amount, CDSCs or living benefit.
$0 - $50,000 5.50%*
$50,000 - $100,000 4.50%
$100,000 - $250,000 3.50%
$250,000 - $500,000 2.50%
$500,000 - $1,000,000 2.00%
$1,000,000 or more 1.00%
$0 - $50,000 5.50%*
$50,000 - $100,000 4.50%
$100,000 - $250,000 3.50%
$250,000 - $500,000 2.50%
$500,000 - $1,000,000 2.00%
$1,000,000 or more 1.00%
Spousal Benefits and & ContinuationGuaranteed death benefit pays at death of either spouse?
Death benefit credited at Spousal Continuation
CDSC waived at Spousal Continuation
Spousal Benefit and Continuation Notes
Yes
Yes
No
No
Yes
Yes
If jointly owned, only upon the older spouses death. Spousal beneficiaries who are not named joint owners must be 85 or younger to continue the contract.
Yes
Yes
Yes
Purchase payments made after continuation are subject to CDSC.

Issue Ages and Contributions
Non-Qualified
Min-Max Age
Life(ives)
Initial
Subsequent
Non-Qualified
Min-Max Age
Life(ives)
Initial
Subsequent
Notes
0-90
Owner & Annuitant
$5,000
$500
0-90
Owner & Annuitant
$2,000
$500
This product is also available as a group contract. Owner may allocate money into maximum of 18 variable investment options and Fixed Account at any one time. Additional premiums not permitted after first contract year if 5% Contract Enhancement is elected; additional premiums not permitted after 90 days after contract issue if GMAB is elected.
0-85
Owner & Annuitant
$5,000
$500
20-75
Owner & Annuitant
$5,000
$500
This product is also available as a group contract. QP contracts are not available in ORGEON. For other limita-tions and feature variations please consult prospectus or with issuer. No contributions after first contract year (other than QP contratcs). Additional minimum: $500 (NQ and QP contracts); $50 (IRA contratcs).
0-85
Owner & Annuitant
$10,000
$100
0-85
Owner & Annuitant
$1,000
$100
This product is also available as a group contract. Fixed Accounts are not available in Maryland, Nevada, Vermont, and Washington.
Sample Titling for Obtaining Spousal Benefits on a Non-Qualified Contract Continued
Secondary Beneficiary Anybody Anybody Anybody
Subaccount Information
Number of Subaccounts
Subaccount Fee Range
Free Transfers Per Year
Transfer Fee
Notes
99
0.57 - 2.41%
15
$25
Investors must choose between two investment programs that are available. Further restrictions may apply depending on the benefits elected. *Jackson has a disrup-tive transfer policy and can restrict transfers. Company reserves the rig

annuity comparison report - morningstar · pdf fileannuity comparison report. perspective ii...

Documents