Company Announcements

Enhancements also made to flagship traditional variable annuity product suite

LANSING, Mich.--(BUSINESS WIRE)--May 19, 2025-- Jackson National Life Insurance Company^® (Jackson^®), the main operating subsidiary of Jackson Financial Inc.¹ (NYSE: JXN), today launched Jackson Market Link Pro^® III (JMLPIII) and Jackson Market Link Pro Advisory^® III (JMLPAIII), further enhancing Jackson’s suite of registered index-linked annuities (RILAs). JMLPIII (commission-based) and JMLPAIII (fee-based) give consumers the potential to grow assets before and during retirement while offering different degrees of protection, including full principal protection, against unexpected market events. Additionally, Jackson recently made enhancements to its flagship traditional variable annuity product suite, offering financial professionals and their clients additional value and flexibility.

“As the popularity of RILA products continues to increase, Jackson is excited to announce the latest enhancements to its suite of RILA offerings,” said Brian Sward, EVP, Head of Product Solutions, Jackson National Life Distributors LLC (JNLD), the marketing and distribution business of Jackson. “The addition of the Nasdaq 100 index broadens our investment lineup and is a response to increased consumer interest in the tech sector, while the introduction of a 100% buffer allows full principal protection while maintaining the potential for equity-like returns. As interest in RILAs grow, Jackson will continue to seek new and innovative ways for financial professionals and their clients to access these products as they look to secure their financial future.”

JMLPIII and JMLPAIII enhancements include the following:

• Nasdaq 100 Added to Index Options: The new index option is now available along with the S&P 500, Russell 2000, MSCI EAFE and MSCI Emerging Markets. Jackson will not restrict which index options can be selected with each crediting method or protection option, allowing consumers to reallocate their assets without unwanted tax consequences and invest in what matters most to them².
• Full Principal Protection: Introducing a 100% Buffer³ protection option for the 1-year Cap⁴, 3-year Cap, 6-year Cap and 1-year Performance Trigger⁵ crediting methods, in addition to existing 10% and 20% options. Clients may also select a Floor⁶ protection option to help guard their retirement assets against unforeseen market changes. The level of protection depends on the crediting method selected⁷.

In addition to these enhancements, Jackson’s RILA suite offers the following competitive features:

• Flexible Index Account Option Terms: Jackson offers 1-year, 3-year and 6-year Index Account Option terms⁸. Any gains or losses in the tracked index(es) (described above) are calculated at the end of the term, and the contract value is adjusted accordingly.
• Multiple Crediting Methods: Jackson offers a diverse menu of crediting methods that allow consumers the ability to customize their contract both in terms of growth potential and protection level. This includes our exclusive Performance Boost⁹ methodology that can potentially result in positive crediting even in scenarios where the index return is flat or negative.
• Index Participation Rate on Cap Crediting Method: Jackson’s RILA suite features an Index Participation Rate¹⁰ to the Cap crediting method, which can provide greater upside growth opportunity when the market conditions are favorable.
• Intra-Term Performance Lock Feature: The Performance Lock option provides an increased level of transparency to contract holders, enabling them to lock in their interim value at any point during the Index Account Option term. In practice, the value at the lock-in point moves to a short-duration fixed account until the next contract anniversary¹¹.
• Legacy and Cost Control: Through the built-in death benefit¹² — available at no additional charge — investors can help protect their retirement assets against market downturns while providing a legacy for beneficiaries. Additionally, with no annual contract fees¹³, more investable assets remain in clients’ accounts.

Jackson also recently announced the following enhancements to its suite of variable annuities (VAs).

• Guaranteed Withdrawal Rates: Jackson has increased Single Life and Joint Life Guaranteed Annual Withdrawal Amount Percentages (GAWA%) across various living benefit options, including Flex Core, Flex Net Core, Flex DB Core, and Flex Plus¹⁴.
• Guaranteed Withdrawal Balance (GWB) Adjustments: Jackson has increased the GWB adjustment to 200% for its Flex Plus benefits, providing a higher level of guaranteed income growth for clients that wait until the later of age 70 or 12 contract years to take income. These updates apply to Perspective II^®, Perspective Advisory II^®, Jackson Advantage^® and Retirement Latitudes^®.

“As a leader in the variable annuity market, Jackson is continuously reviewing its products to ensure they meet both the needs of our financial professionals and the clients they serve,” said Matthew Lemieux, SVP, Product Management, JNLD. “With the latest enhancements to our VA product line, we are reinforcing our commitment to value and flexibility, providing clients more choice and control over their financial futures. These updates reflect our dedication to delivering a more personalized, transparent and efficient experience for all involved.”

Financial professionals who would like to learn more about Jackson’s recent product enhancements can contact the company at 1-800-711-7397, connect with their local wholesaler or visit www.jackson.com.

ABOUT JACKSON

Jackson^® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

*SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2024. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for 3 consecutive months or more.)

Jackson^® is the marketing name for Jackson Financial Inc. and Jackson National Life Insurance Company^®.

SAFE HARBOR STATEMENT

The information in this press release contains forward-looking statements about future events and circumstances and their effects upon revenues, expenses and business opportunities. Generally speaking, any statement in this release not based upon historical fact is a forward-looking statement. Forward-looking statements can also be identified by the use of forward-looking or conditional words, such as “could,” “should,” “can,” “continue,” “estimate,” “forecast,” “intend,” “look,” “may,” “will,” “expect,” “believe,” “anticipate,” “plan,” “predict,” “remain,” “future,” “confident” and “commit” or similar expressions. In particular, statements regarding plans, strategies, prospects, targets and expectations regarding the business and industry are forward-looking statements. They reflect expectations, are not guarantees of performance and speak only as of the dates the statements are made. We caution investors that these forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those projected, expressed, or implied. Factors that could cause actual results to differ materially from those in the forward-looking statements include those reflected in the Company’s reports filed with the U.S. Securities and Exchange Commission. Except as required by law, Jackson Financial Inc. does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements.

GENERAL DISCLOSURES

Jackson, its distributors, and their respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Tax laws are complicated and subject to change. Tax results may depend on each taxpayer’s individual set of facts and circumstances. You should rely on your own independent advisors as to any tax, accounting, or legal statements made herein.

Annuities are long-term, tax-deferred vehicles designed for retirement and are insurance contracts. Variable annuities and registered index-linked annuities involve investment risks and may lose value. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met.

Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company. They are not backed by the broker/dealer from which this annuity contract is purchased, by the insurance agency from which this annuity contract is purchased or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of Jackson National Life Insurance Company.

REGISTERED INDEX-LINKED ANNUITY (RILA) DISCLOSURES

This material is authorized for use only when preceded or accompanied by the current contract prospectus. Before investing, investors should carefully consider the investment objectives and risks of the registered index-linked annuity. This and other important information is contained in the current contract prospectus at Jackson.com/ProspectusJMLP3 for the Jackson Market Link Pro III prospectus or Jackson.com/ProspectusJMLPA3 for the Jackson Market Link Pro Advisory III prospectus. Please read the prospectus carefully before investing or sending money.

STANDARD & POOR’S^®, S&P^® and S&P 500^® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC. The S&P 500 is a product of S&P Dow Jones Indices LLC, and has been licensed for use by Jackson National Life Insurance Company (“Jackson”). The Jackson Market Link Pro Suite is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or any of their respective affiliates (collectively, “S&P Dow Jones Indices”), and S&P Dow Jones Indices LLC does not make any representation or warranty, express or implied, to the owners of Jackson Market Link Pro Suite or any member of the public regarding the advisability of investing in securities generally or in Jackson Market Link Pro Suite particularly or the ability of the S&P 500 to track general market performance.

The Jackson Market Link Pro Suite has been developed solely by Jackson National Life Insurance Company. These products are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.

All rights in the Russell^® 2000 (the “Index”) vest in the relevant LSE Group company which owns the Index. Russell^® is a trademark of the relevant LSE Group company and is used by any other LSE Group company under license.

The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Jackson Market Link Pro Suite. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Jackson Market Link Pro Suite or the suitability of the Index for the purpose to which it is being put by Jackson National Life Insurance Company.

Nasdaq^®, Nasdaq-100®, Nasdaq-100 Index^®, and NDX^® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Jackson National Life Insurance Company^® ("Jackson"). The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

The Product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such Products or any index on which such Products are based. The Contract contains a more detailed description of the limited relationship MSCI has with Jackson National Life Insurance Company and any related Products.

Jackson Market Link Pro ^® Suite of registered index-linked annuities (contract form numbers ICC24 RILA300, ICC24 RILA300-CB1, ICC24 RILA302, ICC24 RILA302-CB1, ICC24 RILA305-FB1, ICC24 RILA307, ICC24 RILA307-FB1) is issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and distributed by Jackson National Life Distributors LLC, member FINRA. These products have limitations and restrictions, including withdrawal charges, a market value adjustment, and an interim value adjustment. Jackson issues other annuities with similar features, benefits, limitations, and charges. Discuss them with your financial professional or contact Jackson for more information.

VARIABLE ANNUITY DISCLOSURES

This material is authorized for use only when preceded or accompanied by the current contract prospectus and underlying fund prospectuses. Before investing, investors should carefully consider the investment objectives, risks, charges, and expenses of the variable annuity and its underlying investment options. This and other important information are contained in the current contract prospectus and underlying fund prospectuses. Please read the prospectuses carefully before investing or sending money.

On the contract anniversary on or immediately following the designated life’s attained age 59½, the for-life guarantee becomes effective provided: 1) the contract value is greater than zero and 2) the contract has not been annuitized. If the designated life is age 59½ on the effective date of the endorsement, then the for-life guarantee becomes effective on that date.

The latest income date allowed on variable annuity contracts is age 95, which is the required age to annuitize or take a lump sum.

Add-on benefits are available for an extra charge in addition to the ongoing fees and expenses of the variable annuity.

Variable annuities (contract form numbers VA775, VA775-CB1, VA775-RLC, ICC18 VA775, ICC18 VA775-CB1, ICC18 VA775-RLC, VA710, VA710-CB1, ICC19 VA710, ICC19 VA710-CB1, VA720, VA720-CB1, ICC19 VA720, ICC19 VA720-CB1, VA790, VA790-FB1, ICC17 VA790, ICC17 VA790-FB1) are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan). Variable products are distributed by Jackson National Life Distributors LLC, member FINRA. These contracts have limitations and restrictions. Jackson issues other annuities with similar features, benefits, limitations, and charges. Discuss them with your financial professional or contact Jackson for more information.

Products and features may be limited by state availability, and/or your selling firm’s policies and regulatory requirements (including standard of conduct rules).

¹ Jackson National Life Insurance Company is a wholly owned subsidiary of Jackson Financial Inc.Jackson Financial Inc. is a publicly traded company.

² Investors are not buying shares of any stock or index and cannot invest directly in an index. The payment of dividends is not reflected in the index return.

³ A Buffer will protect from loss up to a stated percentage, and if the chosen index declines more than the stated buffer, will incur a loss.

⁴ The Cap rate is the stated maximum amount of potential gain, if the index return is positive, that could be credited for the selected term.

⁵ Performance Trigger is a stated rate of return, which may be greater than or less than the actual return of the index, that will be credited to the contract as long as the index return is not negative over the selected term.

⁶ A Floor protects from loss beyond a stated percentage, and if the chosen index declines up to the stated floor, will incur a loss.

⁷ Owners could see a substantial loss during an index period if the index declines more than the level of downside protection. If an owner does see a substantial loss during an index period, the owner may not be able to participate fully in a subsequent market recovery due to the capped upside potential in subsequent index periods.

⁸ Not all crediting methods and/or protection options are available with all Index Account Option terms.

⁹ Performance Boost is a 10% boost that is credited if the index return is flat, positive, or negative within the buffer up to the stated cap rate.

¹⁰ The percentage applied to any positive index return in the calculation of the index adjustment for the cap crediting method. The IPR is an index adjustment factor and is declared at the beginning of the index account option term.

¹¹ An intra-term performance lock ends the index account option term for the index account option out of which it is transferred, effectively terminating that index account option. Once an intra-term performance lock has been processed it is irrevocable. Therefore, when intra-term performance lock is processed, the owner will not participate in additional gains or losses their chosen index may experience.

¹² If the oldest owner’s age when the contract is issued is between 0 and 80, the death benefit is equal to the greater of the current contract value or premiums paid into the contract adjusted for any withdrawals incurred since the issuance of the contract. If the oldest owner’s age is between 81 and 85 when the contract is issued, the death benefit is equal to the current contract value.

¹³ Withdrawals during the first six years are subject to a withdrawal charge or market value adjustment. Withdrawals before the end of a term are subject to an interim value adjustment which may have a positive or negative impact on the contract value at the end of the term and may be significant.

¹⁴ Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250519908623/en/

Media Contact:
Patrick Rich
patrick.rich@jackson.com

Source: Jackson Financial Inc.