Jackson National Launches Two New OptiMAX Fixed Annuities
May 26, 2008
Jackson National Life Insurance Company has added two new offerings to its OptiMAX family of fixed annuities.
OptiMAX Level Rate One and OptiMAX Level Rate Two offer a choice of interest rate guarantee periods, guaranteed principal, and flexible withdrawal provisions. Both offer Jackson’s optional earnings protection death benefit, EarningsMAX, which pays contract holders’ beneficiaries up to an additional 40% of the contract earnings.
OptiMax Level Rate Two also has an accelerated benefit that lets people with certain medical conditions withdraw up to 25% of their accumulated value without a withdrawal charge. Owners of either product have the option to annuitize.
“As part of a client’s diversified portfolio, fixed annuities can provide an effective means of securing a portion of the investor’s assets while accumulating tax-deferred interest,” said Steve Kluever, senior vice president of product management for Jackson National Life Distributors.
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