Jackson National Offers Choice and Flexibility With New VA Contract

Jackson National Offers Choice and Flexibility With New VA Contract

    Business Editors

    LANSING, Mich.--(BUSINESS WIRE)--Jan. 18, 2005--Designed for investors who seek greater liquidity and control over their retirement assets, Jackson National Life Insurance Company(R) (JNL(R)) has launched Perspective Advisors II(SM) (Advisors II)(1), a flexible premium deferred fixed and variable annuity.
    Among the key features and optional benefits that are available within the Advisors II contract are:

--	More than 50 investment options from 15 of the top money managers in the industry
--	Three guaranteed minimum withdrawal benefits, two of which (LifeGuard 4(SM) and LifeGuard 5(SM)) can provide investors with a guaranteed minimum lifetime income stream through systematic withdrawals without having to annuitize the contract(2)
--	Surrender charge-free withdrawals(3)
--	Multiple death benefit options

    "We are committed to offering more choices in our product lineup, so that we can help advisers across multiple distribution channels to better serve their clients," said Clifford Jack, executive vice president and chief distribution officer, Jackson National Life. "JNL recognizes that no single product is appropriate for every investor; therefore, JNL's philosophy is to build a robust product portfolio that can meet the needs of any investor the company and its distribution partners may encounter."
    Advisors II features a modular architecture, which enables advisers to help their clients build a contract that is specific to their financial goals and needs. In addition, this design enables contract holders to pay for only those benefits they choose and maintain direct involvement in the asset allocation process.
    The structure of Advisors II is modeled after Perspective II(SM), JNL's flagship, unbundled variable annuity contract(1). Perspective II ranked as the top-selling variable annuity among independent financial advisers in 2003, and was also the top-ranked variable annuity contract by net flow(4) in the first nine months of 2004, according to the Variable Annuity Research & Data Service (VARDS(R)), a unit of Morningstar, Inc. JNL also offers Web-based illustration technology, a tool that enables advisers to compare multiple contract variations online, in order to build the most appropriate contract for their clients.
    Advisers who are interested in learning more about Perspective Advisors II and Jackson National's wholesaling support team should call 800/711-JNLD (5653).

    (1) The Perspective Advisors II Fixed and Variable Annuity and the Perspective II Fixed and Variable Annuity are not FDIC/NCUA insured, may lose value, are not Bank/CU guaranteed, are not a deposit and are not insured by any federal agency.
    (2) Restrictions and limitations apply to the lifetime guarantee. If all withdrawals taken in a contract year are greater than the Guaranteed Annual Withdrawal Amount (GAWA), the lifetime guarantee is null and void. Withdrawals in excess of GAWA also reduce the LifeGuard benefit. If elected at issue, this means you may not receive your original investment back.
    (3) Taxable amounts distributed are taxed as ordinary income and if taken before age 59 1/2, may be subject to a 10% federal tax penalty.
    (4) Calculated net flow estimates are based on the growth in quarterly assets under management net of monthly investment returns.

    About JNL

    With more than $60 billion in assets (GAAP)(5), Jackson National(R) is an industry leader in the areas of fixed, fixed index and variable annuities. The company markets its products in 49 states and the District of Columbia through independent and regional broker-dealers, financial institutions and independent insurance agents. JNL's subsidiary, Jackson National Life Insurance Company of New York(SM), similarly markets products in the state of New York. Through its affiliates and subsidiaries, JNL also provides asset management and retail brokerage services. For more information, visit www.jnl.com.

    (5) As of 6/30/04. JNL also has more than $51 billion (GAAP) in policy liabilities set aside primarily to pay future policyowner benefits.

    Before investing in variable products, investors should carefully consider the investment objectives, risks, charges and expenses of the variable product and its underlying investment options. The current contract prospectus and underlying fund prospectuses, which are contained in the same document, provide this and other important information. Please contact your representative or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.
    Perspective Advisors II Fixed and Variable Annuity (VA410 and VA410G) and Perspective II Fixed and Variable Annuity (VA220 and VA250. Product and/or features may not be available in all states and state variations may apply) are issued by Jackson National Life Insurance Company (Home Office: Lansing, MI) and distributed by Jackson National Life Distributors, Inc., member NASD. These products have restrictions and limitations. Please contact the company for more information.
    Variable annuities involve investment risks and may lose value. The long-term advantage of the benefit options will vary with the performance of the variable investment options you select and the length of time you own your annuity. Under certain market conditions, the cost of the options may exceed the actual benefit. All guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company and do not apply to the principal amount or investment performance of the separate account or its underlying investments. The value of the variable annuity fluctuates with that of the underlying portfolios. Please remember that a JNL variable annuity is intended to be a long-term, tax-deferred investment vehicle for retirement. An annuity's earnings are taxable as ordinary income when withdrawn and, if taken before age 59 1/2, may be subject to a 10% federal tax penalty.
    The following cautionary statement is included to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for any forward-looking statements made by, or on behalf of, the Company. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. However, as with any projection or forecast, forward-looking statements are inherently susceptible to a number of risks and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such forward-looking statements. There can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished.

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CONTACT: Jackson National Life Insurance Company Tim Padot, 800-565-9044, ext. 2425 Fax: 517-367-4710 tim.padot@jnli.com

KEYWORD: MICHIGAN NEW YORK INDUSTRY KEYWORD: INSURANCE BANKING PRODUCT SOURCE: Jackson National Life Insurance Company

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