Jackson National Life(R) Expands Fixed Index Annuity Offerings; New FIA Products Allow Advisers Flexibility in Meeting Diverse Investor Needs

The addition of Elite Choice and Elite Choice Rewards has expandedJNL's FIA product portfolio to five, with each product linked to theS&P 500(R) Composite Stock Price Index.

"Jackson National Life was one of the first product providers tooffer indexed annuities in the mid-1990s," said Clifford Jack, JNLexecutive vice president and chief distribution officer. "Today, JNLcontinues to be an industry leader in the development ofcustomer-friendly FIA products and the implementation of FIAeducational support programs for advisers. Furthermore, the breadthand depth of JNL's product offering gives advisers the flexibility tochoose an appropriate solution when developing personalized retirementplans for their clients."

The 5-percent up-front bonus available with Elite Choice Rewardsis applied at the beginning of the chosen Index Option period, whichis available in 8-, 10- and 12-year terms. Policy owners will benefitfrom the ability to start compounding interest immediately, not onlyon their deposit amount, but on the up-front bonus as well.

Additionally, JNL now offers an easy-to-understand minimuminterest guarantee of 2 percent on 100 percent of premium for bothElite Choice and Elite Choice Rewards. These contracts also featuretwo new index interest crediting method options - biennial resetpoint-to-point and biennial reset monthly cap. The new options areavailable in conjunction with the annual reset with monthly averagingcrediting method that has previously been offered as a core componentof JNL's Elite Annual Reset contract. Funds can be allocated to one,two or all three crediting methods in any whole percentage, and canlater be reallocated, which ultimately allows advisers to customizeElite Choice and Elite Choice Rewards according to the unique needs oftheir clients.

Elite Annual Reset's 10-percent free withdrawal provision is nowbased on the accumulation value of the contract. Elite Annual Resetalso offers a 10-year Index Option period, replacing the 9-year IndexOption period that was available on the prior version of the contract.These changes do not apply to contracts in Oregon.

"In light of recent regulatory actions concerning the sales,marketing and distribution of fixed index annuities, Jackson NationalLife has been proactive in developing flexible FIA products that bothadvisers and their clients can comprehend," said Steve Kluever, seniorvice president of product management for Jackson National LifeDistributors, Inc. "Additionally, we require all non-securitieslicensed advisers who sell Jackson National Life's FIA products tocomplete a certification course, which is part of our ongoingcommitment to educating producers on the intricacies of fixed indexannuities."

In the latest rankings from Advantage Compendium, Jackson NationalLife was the top seller of index annuity products in both the bank andbroker-dealer channels, and ranked 7th in index annuity product salesacross all distribution channels during the third quarter of 2005(1).JNL recorded a company-record $1.1 billion of fixed index annuitysales in 2005, a 43-percent increase over the previous year.

Advisers who are interested in learning more about JNL's fixedindex annuity product lineup and wholesaling support team should call800/711-JNLD (5653).

(1) Source: Advantage Compendium, Advantage Index Product 3rdQuarter 2005 Sales Report

About JNL

With more than $65 billion in assets (GAAP)(a), Jackson NationalLife(R) is an industry leader in the areas of fixed, fixed index andvariable annuities. The company markets its products in 49 states andthe District of Columbia through independent and regionalbroker-dealers, financial institutions and independent insuranceagents. JNL's subsidiary, Jackson National Life Insurance Company ofNew York(R), similarly markets products in the state of New York.Through its affiliates and subsidiaries, JNL also provides assetmanagement and retail brokerage services. For more information, visitwww.jnl.com.

(a) As of 6/30/05. JNL also has more than $57 billion (GAAP) inpolicy liabilities set aside primarily to pay future policyownerbenefits.

Fixed index annuities (Elite Choice (FIA800), Elite Choice Rewards(FIA850) and Elite Annual Reset (FIA 700) and (ELI-DA600OR in Oregon))are issued by Jackson National Life Insurance Company, Home Office:Lansing, Michigan. Not available in all states and state variationsmay apply. These products are fixed annuities that do not participatein any stock or equity investments, and have limitations andrestrictions, including possible withdrawal charges and recapturecharges. During the withdrawal charge period, the annuity's cashwithdrawal value may be less than the principal allocation. For costsand complete details, contact your representative or the Company. ForElite Choice Rewards, the interest caps may be lower, withdrawalcharges may be higher, and the recapture period may be longer than forproducts that do not have this feature. It is possible that uponsurrender, you will receive less money back than you would have if youhad purchased a similar contract with no bonus. JNL offers other fixedindex annuities with different product features, benefits and charges,including different withdrawal charges and privileges, contractoptions, Index Participation Rates, and Caps. Fixed index annuitiesmay not be suitable for everyone. Contact your representative to helpdetermine if a JNL fixed index annuity is right for your situation.Please contact your representative to help select the JNL product thatis right for you.

Guarantees are backed by the claims-paying ability of JacksonNational Life Insurance Company. Tax deferral offers no additionalvalue if an annuity is used to fund a qualified plan, such as a 401(k)or IRA, and may not be available if the annuity is owned by a"non-natural person" such as a corporation or certain types of trusts.Annuities are long-term, tax-deferred vehicles designed forretirement. Earnings are taxable as ordinary income when distributed,and if withdrawn before age 59 1/2, may be subject to a 10% federaltax penalty. During the withdrawal charge period, the annuity's cashwithdrawal value may be less than the principal allocation.

S&P 500(R) and Standard & Poor's(R) are trademarks of TheMcGraw-Hill Companies, Inc. and have been licensed for use by JacksonNational Life Insurance Company. The product is not sponsored,endorsed, sold or promoted by Standard & Poor's, and Standard & Poor'smakes no representation regarding the advisability of purchasing anannuity.

The S&P 500 Index is a market capitalization-weighted index of 500stocks that are selected by Standard & Poor's to represent a broadarray of large companies in leading industries. The S&P 500 Index isunmanaged and not available for direct investment. Index performancedoes not include the reinvestment of dividends.