LF
● Terminated
LifeGuard Freedom Flex DB
Jackson National Life Insurance Company of New York
DTCC ID
—
COMPANY
Jackson National Life Insurance Company of New York
TYPE
Variable Annuity
INCEPTION
Jul 11, 2016
Identity
Benefit name
LifeGuard Freedom Flex DB
Internal benefit name
LifeGuard Freedom Flex DB
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
Jul 11, 2016
Closed date
Jun 23, 2019
DTCC Rider ID
—
Last modified
May 21, 2025
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
Withdrawals less than or equal to GAWA will not reduce GMWB death benefit, and in same proportion by excess withdrawal. Living benefit will reduce benefit base by dollar amount for portion of withdrawal not defined as excess withdrawal and in same proportion by excess withdrawal.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Benefit is only available in conjunction with LifeGuard Freedom Flex - 6% Bonus and Annual Step-Up GMWB. Upon death of owner, benefit is greater of - 1) basic death benefit, or 2) GMWB death benefit. Basic death benefit is greater of - a) contract value, or b) total purchase payments adjusted for withdrawals. GMWB death benefit is equal to initial purchase payments adjusted for additional purchase payments made, Contract Enhancements and withdrawals.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of LifeGuard Freedom Flex GMWB or the contract value becomes zero.
Available when added
No longer available for new purchases.