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 04-03-2009 GMIB Dollar-for-dollar & proportionateCombo 5% Roll-Up and Highest Anniv. Value (closed) 08-18-2003 04-29-2005 Death Benefit Proportionate

  • Report generated 1-31-2012 Page 3 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

    Benefit Detail

    Benefit Charges Current

    1.50% annually, assessed quarterly and calculated against the benefit base

    Maximum

    3.00%

    Details

    Charge may be increased following an anniversary value step-up on or after the 5th contract anniversary. Step-ups may be refused in order to keep fees from increasing, which also terminates the 6% benefit increase. Owner may opt in at a later contract anniversary and receive step-ups and applicable 6% benefit increases at the then current charge. Charge is assessed monthly for contracts issued in NY and WA.

    At time of applicationWhen Benefit Can be Elected

    SpousesBenefit Based on Life of

    45 to 80 (both spouses)Issue Ages

    Guarantees withdrawals up to a maximum withdrawal percentage each year for the lives of two spouses if the younger spouse is at least 59 1/2 at time of contract issue or first withdrawal.

    If added before the younger spouse attains age 59 1/2 the benefit operates as a non-lifetime withdrawal benefit, allowing 4% annual withdrawals of the benefit base. On the contract anniversary on or immediately following the younger spouse reaching age 59 1/2 the For Life guarantee becomes effective and the guaranteed annual withdrawal amount is recalculated against the then current benefit base.

    At the time of the first withdrawal the guaranteed withdrawal amount locks in at the applicable withdrawal percentage of the current benefit base determined by the age of the younger spouse and may be recalculated upon an anniversary value step-up if a new age band is crossed as follows:

    45 - 64 4%

    65 - 74 5%

    75 - 80 6%

    81+ 7%

    The amount of each withdrawal is increased by an Earnings-Sensitive Adjustment which is automatically included and equal to the lesser of 40% of the amount by which the account value exceeds the Earnings Determination Baseline (purchase payments less previous withdrawals in excess of GMWB Earnings); or 2/3 of the less of the remaining annual withdrawal amount or the current amount withdrawn.

    If the For Life guarantee is not in effect, the Earnings-Sensitive Adjustment equals the benefit base minus the remaining annual withdrawal amount if less than the two amounts calculated above.

    The withdrawal percentage may increase if a step-up occurs that is greater than the Benefit Determination Baseline and the younger spouse has crossed into a new age band. The Benefit Determination Baseline is originally equal to the initial purchase payment net of any applicable premium taxes. Upon an anniversary value step-up that is greater than the current Benefit Determination Baseline, the Benefit Determination Baseline is reset to the step-up amount.

    Benefit Description

    Benefit Name Benefit Type

    LifeGuard Freedom 6 Net w/ Joint Option GMWB & Lifetime GMWB

    The benefit base used to calculate the withdrawal amount is equal to the greatest of:r The account value on each anniversary, if greater than the current benefit base;rThe adjusted purchase payments increased by 6% simple interest annually for a period of 10 years provided no withdrawals are taken. Prior to the contract anniversary immediately following the younger spouses 80th birthday, if an anniversary step-up is greater than the benefit base calculated under this component, this benefit base resets and a new 10-year period begins; or,

    Step-Up Provisions

  • Report generated 1-31-2012 Page 4 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

    Benefit Detail Continued

    rProvided no withdrawals are taken, upon the later of the 10th contract anniversary or the younger spouses 70th birthday (76th in N...

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