Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

GMWB’s and Death Benefits From Jackson


By

Jackson National Life Insurance Company had a press release Monday introducing their newest annuity option, “Jackson Introduces LifeGuard Freedom 6SM Net GMWB.”  The guaranteed minimum withdrawal benefit allows investors to increase their withdrawal amounts, thereby increasing their overall income and reducing their tax liability.  The benefit is optional and comes at an extra charge.  It is available on all of the variable annuities in Jackson’s Perspective group of products.  Those who opt for this LifeGuard Freedom 6 Net can lock in yearly increases to the guaranteed withdrawal balance if there is an increase in the value of the contract greater than the withdrawal adjusted premium payments.  Investors may also be able to receive a bonus of 6% annually by not taking withdrawals for the first ten years of the contract.

Annuities with this GMWB may allow for a 4 to 7% withdrawal, depending on the age at which they take their first withdrawal.  A portion of taxable earnings on this annuity can be covered by investors’ ability to gross up their withdrawals.  Jackson’s goal with this new product is to offer more flexibility and customization to advisers.  The LifeGuard Freedom 6 Net also offers a Joint Option which will provide death benefits to spouses.  The options available from Jackson are all meant so that investors can take advantage of what works for them and their individual goals.  Investors only pay for the options they want and have no obligation to use those they do not.

For more information about the product mentioned in this article contact us here:

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).