Below are frequently asked questions about Elite Access® and Jackson®. Click on a subject heading below to view questions and answers relating to your selection. For any further questions, please consult your advisor, the Elite Access Prospectus (in New York, please use the New York Elite Access Prospectus), or visit the Contact Us page.
1. What is Elite Access?
2. How has today´s volatility changed the investment landscape?
3. How does Elite Access go "Beyond Traditional Asset Allocation"?
4. Why should I add alternatives to my portfolio?
5. Where can I find a quick overview of Elite Access features and benefits?
6. What should I ask my advisor about Elite Access?
Elite Access is a variable annuity with underlying investments that actively seek to find growth and limit risk amid changing market conditions. By combining the added diversification1 of alternative investments with the quick-response capabilities of risk management and tactically managed strategies, Elite Access helps you to stay prudently invested no matter what the market is doing. In addition, Elite Access is a tax-deferred2 investment that allows you to tap into the skilled analysis and guidance of some of the industry´s most respected experts—an opportunity previously available only to the most elite investors. Unlock the Elite Access Story.
In the past, it made sense to invest traditionally, buying and holding a strategic selection of stocks and bonds. The theory being that the diversification1 between them would limit volatility within your portfolio over a long period of time. However, in the new global economy, markets are more unpredictable than ever and asset classes that previously provided diversification are now less diverse.
To find out more about volatility, watch this video.
Elite Access offers you entry into the world of alternative assets that are generally less correlated to stocks+ and provide a greater level of diversification1. Elite Access also goes beyond traditional investing by employing Strategic Opportunities as well as expertly guided Risk Management and Tactical Strategies designed to negotiate market swings, quickly moving your assets in and out of the market or between asset classes to minimize risk while seeking growth.
Continued market volatility requires us to look for new ways to manage portfolios. Alternative investments offer a way to further diversify1 the assets in a portfolio to help address volatility risk and have historically demonstrated a lower correlation to stocks. Jackson has offered alternative investments from some of the top money managers in the industry since 2005.
To learn how alternatives may help diversify your portfolio, click here.
Elite Access Offers:
More than 95 investment options, including:
Ages and Amounts
Fees and Charges:4
Annual Contract Maintenance Charge
Annual Fund Operating Expenses5
Talk with your advisor to see if Elite Access makes sense for you. Here are some questions you might ask your advisor:
Because of the complexities of investing, Elite Access is only offered through licensed financial advisors and is not sold directly to the public. Contact your financial advisor to learn more about how Elite Access can give you the confidence to invest during uncertain times.
|1||Diversification does not assure a profit or protect against loss in a declining market.|
|2||Tax deferral offers no additional value if an annuity is used to fund a qualified plan, such as a 401(k) or IRA, and may be found at a lower cost in other investment products. It also may not be available if the annuity is owned by a “non-natural person” such as a corporation or certain types of trusts.|
|3||There may be periods when Jackson restricts the amount of premium payments into, and the amount and frequency of transfers between, into and from, any fixed account option; to close any fixed account option; and to require transfers from a fixed account option. If the transfer restriction is imposed, then transfers from the 1-Year Fixed Account in the first contract year may not exceed one-third of the value of the fixed account; if the maximum transfer amount has been transferred in the previous contract year, in the following contract year transfers may not exceed one-half of the value of the fixed account. If the maximum transfer amount has been transferred in both of the two prior contract years, the remaining value of the fixed account may be transferred the next contract year. Transfers may not begin until 12 months after the last transfer. If the restrictions are imposed, you may elect automatic rebalancing, but the 1-Year Fixed Account may not be included in the allocation. The interest rate credited to the fixed accounts is backed by the claims-paying ability of Jackson National Life Insurance Company® or Jackson National Life Insurance Company of New York®. Withdrawals from a fixed account prior to the end of the fixed period may be subject to withdrawal charges and excess interest adjustments (interest rate adjustments in New York), where applicable, which may reduce the contract value. The 1- and 3-Year Fixed Account options are currently not available.|
|4||Annual asset-based charges include a mortality and expense charge of 0.85% and an administration charge of 0.15% as an annual percentage of the average daily net asset value of the variable investment options, plus a $50 ($30 in New York) annual contract maintenance charge, waived for contract anniversary values and surrender values of $50,000 or more. (Administration charge is waived if the contract value on the later of the issue date or the most recent contract quarterly anniversary is greater than or equal to $1 million.)|
|5||The range is based on the estimated expenses reflected for each of the portfolios in the current prospectus and subsequent prospectus supplements. Please see the prospectus to determine the charge associated with a specific investment option.|
|6||Withdrawals that exceed the free withdrawal may be subject to withdrawal charges and excess interest adjustments (interest rate adjustments in New York), where applicable, which may reduce the contract value. Although free withdrawals reduce the contract value, they do not reduce remaining premium. As a result, you will not receive the benefit of a free withdrawal if you take a full withdrawal. (Not applicable in Washington.)|
|7||Withdrawal charges are expressed as a percentage of premium payments and are based on the number of completed years since each premium payment. Upon a full or partial withdrawal taken on or after age 86 of the owner, withdrawal charge percentages applied will be less than those in the normal duration of the schedule. (Not applicable in New York.)|
|8||The optional liquidity benefit is available for an extra charge in addition to the ongoing fees and expenses of the variable annuity. If the liquidity option is elected, the 1-, 3-, 5- and 7-Year Fixed Account options are not available. It is important to note that the charges for this optional benefit are charged for the life of the contract.|
|*||This expense is for the Curian/The Boston Company Multi-Alpha Market Neutral Equity and the amount includes the estimated costs associated with the Administrative Fee of 0.20% and expenses related to the portfolio's short sales on equity securities of 2.78%. The effective expense ratio is 1.41%.|
Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses, which are contained in the same document, provide this and other information. Please contact your representative or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.
Diversification does not assure a profit or protect against loss in a declining market. Portfolios that have a greater percentage of alternatives may have greater risks, especially those including arbitrage, currency, leveraging, and commodities. This additional risk can offset the benefit of diversification.
Although asset allocation among different asset categories generally limits risk and exposure to any one category, the risk remains that management may favor an asset category that performs poorly relative to the other asset categories. The subaccounts expect to invest in positions that emphasize alternatives or nontraditional asset classes or investment strategies and, as a result, are subject to the risk factors of those asset classes. Some of those risks include general economic risk, geopolitical risk, commodity-price volatility, counterparty and settlement risk, currency risk, derivatives risk, emerging markets risk, foreign securities risk, high-yield bond exposure, noninvestment-grade bond exposure, index investing risk, industry concentration risk, leveraging risk, market risk, prepayment risk, liquidity risk, real estate investment risk, sector risk, short sales risk, temporary defensive positions, and large cash positions.
The investment companies (subaccounts) offered in Elite Access are registered as investment companies under the Investment Company Act of 1940, as amended (“1940 Act”), and their shares are registered under the Securities Act of 1933, as amended. There are many differences among 1940 Act registered subaccounts and unregistered hedge funds, including but not limited to liquidity, restrictions on leverage and diversification, fund reporting and transparency, fees, and availability.
The standard death benefit is equal to contract value on the date of the claim and does not include any additional guarantees.
The latest income date allowed is age 95, which is the required age to annuitize or take a lump sum. Please see the prospectus for important information regarding the annuitization of a contract.
Elite Access Fixed and Variable Annuity (VA650, VA660) is issued by Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and in New York (VA650NY, VA660NY) by Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York). Variable annuities are distributed by Jackson National Life Distributors LLC, member FINRA. May not be available in all states and state variations may apply. This product has limitations and restrictions, including withdrawal charges and excess interest adjustments (interest rate adjustments in New York) where applicable. Jackson issues other variable annuities with similar features, benefits, limitations and charges. Discuss them with your representative or contact Jackson for more information.
Jackson is the marketing name for Jackson National Life Insurance Company and Jackson National Life Insurance Company of New York.
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Jackson National Life Insurance Company
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Lansing, MI 48951