FD
● Active
Flex DB Core
Jackson National Life Insurance Company
DTCC ID
—
COMPANY
Jackson National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Apr 27, 2020
Identity
Benefit name
Flex DB Core
Internal benefit name
Flex DB Core
Product policy type
Variable Annuity
Status
● Active
Sequence
6
Inception date
Apr 27, 2020
Closed date
—
DTCC Rider ID
—
Last modified
Apr 27, 2026
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
—
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals 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 contract after the death of the owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Upon the death of the owner, the benefit is greater of - 1) basic death benefit, or 2) GMWB death benefit. GMWB death benefit is equal to initial premium payments net of any premium taxes applicable. It also provides a 7th Contract Anniversary step-up to potentially increase the death benefit. The step-up percentage will be 100% at the Contract Anniversary when elected. Charges may increase by 0.15% annually on each 5th Contract Anniversary, and the Owner may elect to opt out of current and future charge increases by forfeiting the 7th Contract Anniversary step-up and any other increases to the GMWB Death Benefit. Upon such election, no future payments will be allowed.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of Flex GMWB.
Available when added
Available only at contract issue, in conjunction with Flex GMWB - Core option.