Jackson National

1.15%
7 Year Term
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company Information

Company Name

Jackson National

product Name
RateProtector 7
Description
Jackson National opened its doors in 1961. They have grown from a family owned business to one of the largest sellers of annuities. Jackson wants to help Americans pursue financial freedom. Jackson National Life is under The Jackson family of companies. In 2019, Jackson was the largest sellers of variable annuities in the United States. LIMRA reported they were the #1 seller of annuities of the 58 they tracked in Q4 2019.
am best rating
A Excellent (3rd of 13 ratings)
Product Type
MYGA
Product description

Fixed annuities are for conservative investors who want safety, security, and guarantees.

You will preserve your principal and earn a fixed rate of return.

You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's).

If you are sensitive to loss and don't want to lose a penny, a fixed annuity might be a good fit for some of your savings.

Read our educational articles on fixed annuities to learn more.

Guaranteed Rate Lock Period:

The rate is locked for 60 days from the date of application. If the funds are received after that period the rate might be subject to change and will be the rate in effect at that time.

term
7 yrs
minimum investment
$ 10,000
maximum investment
$ 1,000,000
maximum age
85
withdrawal allowance
Throughout the life of the contract there is an opportunity each year to take a withdrawal of up to 10% of the account balance penalty-free.

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*Please provide an investment amount before applying.

Guaranteed Returns

Choose an investment amount and we’ll show you how much you can earn.

$
Should be at least $10,000
The maximum investment is $1,000,000
The field is required.
YEARRATEEARNINGSCUMULATIVE EARNINGSBALANCE
11.10%$ ?$ ?$ ?
21.10%$ ?$ ?$ ?
31.10%$ ?$ ?$ ?
41.10%$ ?$ ?$ ?
51.10%$ ?$ ?$ ?
61.10%$ ?$ ?$ ?
71.10%$ ?$ ?$ ?
Total$ ?$ ?$ ?

Enter an investment amount to calculate your earnings and account balance over the life of the contract.

Surrender Charge Schedule

Surrender charges are a penalty charged to early withdrawals of annuity contract. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends.

percentage charged to withdrawal

Year
Percentage
1
8%
2
8%
3
7%
4
6%
5
5%
6
4%
7
3%
market-value adjustment (MVA)

A market value adjustment is basically an additional charge or credit for taking money out early from an annuity.

They allow companies to pay a higher rate and make longer-term investments.

MVAs only affect you if you withdraw funds early. If you own the contract to maturity, they do not apply.

other Information

moody’s ratingA2 Good (6th of 21 ratings)
fitch ratingA Strong (6th of 21 ratings)
S&P ratingA Strong (6th of 21 ratings)
phone number(800) 644-4565
Product brochure
agent
commission
2.00 - 3.50%. We are paid from the insurance company general fund. It is not deducted from your account value. 100% of your money is working for you from day one. We could earn a higher commission based on sales volume and taking a more active role in the application process.
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Rate Effective DateMarch 30th 2020
premium TypeSingle Premium Annuity
account TypePersonal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b).
Not available inNY, PR, VI
options at
maturity

At the end of your contract term, you have to choose from the following options.

1. Withdrawal any amount free of charges and fees.
2. Renew the contract for the same term, if available.
3. Renew the contract for a different term, if available
4. If you do nothing, after the initial guaranteed option period, renewal interest rates will be guaranteed for one-year periods. The contract's declared guaranteed minimum interest rate is 1.00%.

death benefit provisionIf you pass away before the end of your annuity contract, your beneficiaries will receive the accumulated policy value. This value will include all interest you have earned and be passed without any charges or fees.
taxesAnnuities typically grow tax-deferred. If you withdrawal money that has never been taxed, withdrawals are 100% taxable. Non-qualified withdrawals have been taxed already, so only interest is taxed. This is called an exclusion ratio. Interest would be taxed, but the principal would not. Please work with a qualified specialist.
surrender schedule
8%, 8%, 7%, 6%, 5%, 4%, 3%
free-look period10 Days
RMDYes
market value adjustmentYes
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