Action One
Status:
Active
Group:
Jackson National
Product Type:
Fixed Annuity
Product Status:
Approved
Version:
0
Inception Date:
May 30, 2003
Closed Date:
March 23, 2020
Last Modified:
April 08, 2020 00:00
Description:
The Action One is a Flexible Premium Deferred Annuity. The initial minimum contribution is $2,000 qualified and $5,000 non-qualified. 10% of the contract value may be withdrawn in any policy year. Systematic withdrawals are an option. Surrender charges are nine years in duration (9,8,7,6,5,4,3,2,1), vary by state, and are waived in the event of death, entrance into a hospital or nursing home, diagnosis of a terminal illness, or serious illness (as defined by the Company). There is an optional death benefit rider available at the time of issue. Withdrawals may be subject to Federal/State income tax, and if taken prior to age 59 1/2, a 10% Federal Penalty tax. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not securities or bank products protected by the FDIC.
Fee Based:
No
Free Look:
Yes
Plan Types:
457 (b), 401 (k), HR-10 (Keogh), 403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Spousal IRA, Others, 401 (a)
Premium Types:
Flexible
States Available:
AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, KS, KY, IN, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
States Exception:
BERMUDA, GU, NY, PR, VI
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | |
| EarningsMax | EarningsMax | 2 |