Limits
Jackson National Life
A Jackson of NY immediate annuity converts a lump sum into guaranteed lifetime or period-certain income payments. It's designed for retirees who want predictable income they can count on to cover essential expenses.
Key Features
Lifetime Income Guarantee
For life or life with period certainReceive guaranteed payments for as long as you live, backed by the claims-paying ability of Jackson National Life Insurance Company of New York
Income Escalator
3% guaranteed annual growthOptional rider that increases your payments by 3% annually to help protect against inflation's impact on purchasing power
Multiple Income Options
5 payout structuresChoose from life annuity with no refund, period certain (5-30 years), life with period certain, life with installment refund, or life with cash refund
Flexible Payment Schedules
4 payment frequency optionsReceive payments monthly, quarterly, semiannually, or annually ($50 minimum unless direct deposited)
Tax-Efficient Structure
Deferred taxation on principalIncome is taxed only as received; a portion of each payment is a return of principal, reducing taxable earnings on nonqualified contracts
Highlights
Guaranteed lifetime income you can count on, regardless of market conditions
Income Escalator option provides 3% annual payment increases to help combat inflation
Multiple income options tailored to your needs, including period certain and refund guarantees
Predictable, steady income taxed only as you receive payments
Protection against market swings and interest rate volatility
Best For
Retirees who have accumulated savings, want to eliminate market risk from a portion of their portfolio, and need guaranteed income to cover essential retirement expenses.
Consider Alternatives If
Individuals who may need access to their principal, expect to live a very short time, or prefer to maintain investment control and growth potential.
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