CUSIP Number:
46849B434
CUSIP Name:
7 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
25 Aug 2025
Close Date:
CUSIP Note:
Scrap Book:
Jackson Income Assurance 7 is an individual modified single premium deferred index annuity with a market value adjustment (MVA), designed for individuals between the ages of 50 and 80. It requires a minimum single premium of $25,000 for both qualified and non-qualified funds, with additional premiums permitted only during the first contract year. The contract allows for annual penalty-free withdrawals of up to 10% of the beginning-of-year accumulated value. Surrender charges apply for Seven years, though waivers are available for extended care, terminal illness, and death. Withdrawals and taxable distributions are subject to ordinary income tax and may incur a 10% federal tax penalty if taken before age 59½. Early surrender charges may also apply. All guarantees are based on the claims-paying ability of the issuing insurer, and the product is not FDIC-insured. Availability and features may vary by state.
Last Modified:
23 Feb 2026 11:13