Jackson National Life Insurance Company Perspective II ??Plan Type Min-Max Age Life(ives) Initial Subsequent Qualified 0-90 Owner Annuitant $5,000 $500 Non ... Jackson National Life Insurance Company

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  • Report generated 1-31-2012 Page 1 of 12

    2012 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, and therefore must be preceded or accompanied by a prospectus and disclosure statement. Please read the prospectus carefully.

    Jackson National Life Insurance CompanyPerspective II (7-year CDSC)

    Annuity Profile Report

    Contract Operation

    Controlling Life: Owner

    Owner Joint Owner Annuitant At Death of Contract Pays to

    Husband Wife Husband Husband Joint Owner

    Husband Wife Husband Wife Joint Owner

    Husband Wife Husband Primary Beneficiary

    Husband Wife Wife No Payout

    Trust Husband Husband *

    *JNL pays a death claim on the death of the beneficial owner of the trust; consult a JNL representative for specific details.

    Contract Information

    Share Class B

    Prospectus Date 05-01-2010

    Supplement Date N/A

    Date of Last Update 05-01-2010

    AM Best Rating A+ (as of 05-01-2010)

    Website www.jackson.com

    Phone Number (800) 873-5654

    State Availability Available in all states except New York. L&C share surrender schedule options are also available with this contract.

    Spousal Benefits and Continuation

    Can either spouse trigger the Guaranteed Death Benefit? Yes*

    If spousally continued is death benefit credited? Yes**

    If spousally continued is CDSC waived? No

    *If jointly owned, only upon the older spouses death. **Not applicable. Spousal beneficiaries who are not named joint owners must be 85 or younger to continue the contract.

    Sample Titling for Obtaining Spousal Benefits on a Non-Qualified Contract

    Owner Joint Annuitant Joint Primary Secondary Owner Annuitant Beneficiary Beneficiary

    Husband Wife Husband/Wife Anybody Anybody

    Death benefit is only paid upon death of older owner.

    Issue Ages and Contributions

    Plan Type Min-Max Age Life(ives) Initial Subsequent

    Qualified 0-90 Owner & Annuitant $5,000 $500

    Non-Qualified 0-90 Owner & Annuitant $2,000 $500

    $50 minimum subsequent automatic payments. Purchase payments in first only for contracts issued in OR or with 5% bonus, or first 90 days only when GMAB is elected.

    Subaccount Information

    Number of Subaccount Free Transfers TransferSubaccounts Fee Range Per Year Fee

    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 disruptive transfer policy and can restrict transfers. Company reserves the right to charge up to $35 for transfers exceeding 12 in a contract year (not applicable for contracts issued in CT).

    Plan Availability

    Non-Qualified, 401k, 403b, 457 Deferred Compensation, IRA, Roth IRA, HR10/Keogh, IRA Rollover

    Surrender Schedule

    Duration (Years) 7*

    Surrender Charge 8.5, 8, 7, 6, 5, 4, 2Schedule (%)

    Free Withdrawals Greater of earnings or 10% of purchase payments. Optional 20% feature available for 0.30% annual charge.

    *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.

    Expenses and Fees

    Mortality and Expense Risk (M&E) 1.10%*

    Administrative Charge 0.15%

    Distribution Charge 0.00%

    Total Annual Expense 1.25%

    Annual Policy Fee $35*

    Anniversary Contract Fee Waived at $50,000

    *For contract issued prior to 9/28/2009, the Mortaility and Expense fee was 1.50%. **Max annual policy fee is $60.

    Surrender Charge Waivers

    Death, Nursing Home, Hospitalization, Long term Care

    Premium Based Charges

    Low Breakpoint $ High Breakpoint $ Charge %

    0 49,999 0.70

    50,000 99,999 0.60

    100,000 999,999 0.50

    500,000 999,999 0.40

    1,000,000 0.30

    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.

  • Report generated 1-31-2012 Page 2 of 12

    2012 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, and therefore must be preceded or accompanied by a prospectus and disclosure statement. Please read the prospectus carefully.

    Jackson National Life Insurance CompanyPerspective II (7-year CDSC)

    Annuity Profile Report

    Summary of Available and Historic Benefits

    Benefit Name Inception Date Close Date Benefit Type Impact of Withdrawals

    Jackson Select 05-03-2010 Open Lifetime GMWB Dollar-for-dollar up to limit; excess proportionateJackson Select w/ Joint Option 05-03-2010 Open Lifetime GMWB Dollar-for-dollar up to limit; excess proportionateLifeguard Freedom 6 Net (Single) 05-03-2010 Open Lifetime GMWB & GMWB Dollar-for-dollar up to limit; excess proportionateLifeguard Freedom 6 Net w/ Joint Option 05-03-2010 Open Lifetime GMWB & GMWB Dollar-for-dollar up to limit; excess proportionateLifeguard Freedom 6 (Single) 09-28-2009 Open Lifetime GMWB & GMWB Dollar-for-dollar up to limit; excess proportionate

    Lifeguard Freedom 6 w/ Joint Option 09-28-2009 Open Lifetime GMWB & GMWB Dollar-for-dollar up to limit; excess proportionateLifeguard Freedom 6 w/ DB (Single) 09-28-2009 Open Lifetime GMWB, GMWB & DB Dollar-for-dollar up to limit; excess proportionateSafeguard Max (effective 05-01-10) 05-03-2010 Open GMWB Dollar-for-dollar up to limit; excess proportionateAutoGuard 5 (5% GMWB with Annual Step-Up) 12-04-2007 Open GMWB Dollar-for-dollar up to 5%; excess proportionateAutoGuard 6 (6% GMWB with Annual Step-Up) 09-28-2009 Open GMWB Dollar-for-dollar up to 6%; excess proportionate

    Guaranteed Minimum Accumulation Benefit Open GMAB ProportionateBasic Death Benefit 01-15-2002 Open Death Benefit ProportionateHighest Anniversary Value Death Benefit (NY Only) 08-18-2003 Open Death Benefit ProportionateHighest Quarterly Anniversary Value DB 10-06-2008 Open Death Benefit Proportionate5% Roll-Up Death Benefit 05-01-2005 Open Death Benefit Dollar-for-dollar up to 5%; excess proportionate

    6% Roll-Up Death Benefit Open Death Benefit Dollar-for-dollar up to 6%; excess proportionateCombo 5% Roll-Up and Highest Quarterly Anniv. DB 10-06-2008 Open Death Benefit Dollar-for-dollar & proportionateCombo 6% Roll-Up and Highest Quarterly Anniv. DB 01-15-2002 Open Death Benefit Dollar-for-dollar & proportionateEarningsMax 01-15-2002 Open Earnings Enhancement Dollar-for-dollar2% Credit Enhancement 05-03-2010 Open Other Subject to recapture

    3% Credit Enhancement 05-03-2010 Open Other Subject to recapture4% Credit Enhancement 05-03-2010 Open Other Subject to recapture5% Credit Enhancement 05-03-2010 Open Other Subject to recaptureLifeguard Ascent (Joint) (closed) Lifetime GMWB Dollar-for-dollar up to limit; excess proportionateLifeguard Ascent (Single) (closed) Lifetime GMWB Dollar-for-dollar up to limit; excess proportionate

    Lifeguard Select (Single) (closed) 03-31-2008 09-25-2009 Lifetime GMWB Dollar-for-dollar up to limit; excess proportionateLifeguard Select w/ Joint Option (closed) 03-31-2008 09-25-2009 Lifetime GMWB Dollar-for-dollar up to limit; excess proportionateLifeguard Advantage (closed) Lifetime GMWB & GMWB Dollar-for-dollar up to 5%; excess proportionateLifeguard Freedom (Joint) (closed) 10-06-2008 09-25-2009 Lifetime GMWB & GMWB Dollar-for-dollar up to limit; excess proportionateLifeguard Freedom (Single) (closed) 10-06-2008 09-25-2009 Lifetime GMWB & GMWB Dollar-for-dollar up to limit; excess proportionate

    Lifeguard Protector (Joint) (closed) Lifetime GMWB & GMWB No impact up to 5%; excess resets benefitLifeguard Protector (Single) (closed) Lifetime GMWB & GMWB No impact up to 5%; excess resets benefitLifeguard Protector Plus (Joint) (closed) Lifetime GMWB & GMWB No impact up to 5%; excess resets benefitLifeguard Protector Plus (Single) (closed) Lifetime GMWB & GMWB No impact up to 5%; excess resets benefitLifeguard Freedom w/ Death Benefit (Single) (closed) 03-31-2008 09-28-2009 Lifetime GMWB, GMWB & DB No impact up to limit; excess proportionate

    MarketGuard 5 (5% GMWB - No Step-Up) (closed) GMWB Dollar-for-dollar up to 5%; excess proportionateSafeguard 7 Plus GMWB Dollar-for-dollar up to 7%; excess proportionateSafeguard Max (closed) 05-01-2008 GMWB No impact up to limit; excess proportionateFutureGuard (closed) GMIB Dollar-for-dollar & proportionateFutureGuard 6 (closed) 12-03-2007 04-03-