RO
● Active
Return of Premium GMDB
Jackson National Life Insurance Company
DTCC ID
—
COMPANY
Jackson National Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Aug 16, 2021
Identity
Benefit name
Return of Premium GMDB
Internal benefit name
Return of Premium GMDB
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
Aug 16, 2021
Closed date
—
DTCC Rider ID
—
Last modified
Apr 25, 2025
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
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Not Applicable.
Partial withdrawals
Withdrawals, including advisory fee withdrawals, reduce the Benefit Base on a dollar-for-dollar basis in proportion to the reduction in the Contract Value.
Required min distributions
Not Applicable.
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
Available during accumulation phase, upon death of owner. Benefit will be greater of 1) contract value, or 2) all premiums paid (net of premium taxes and charges) reduced by any withdrawals. Charges may increase by 0.05% annually on each 5th contract anniversary and owner may elect to opt out of the current and future charges increases, upon such election, no future payments will be allowed. In case of Joint owners, the age of older owner cannot exceed the maximum election age, at the time of election. Advisory fee deductions from the Contract Value under the Return of Premium GMDB will be capped at a maximum of 1.25% of the Contract Value annually.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be cancelled.
Available when added
Only at contract issue.
Effect change ownership
Ownership changes are allowed, but Covered Lives cannot be changed.