Jackson(SM) Enhances Living Benefit Options Within its Perspective Family of Variable Annuities

Jackson National Life Insurance Company® (Jackson) today announced the launch of three new guaranteed minimum withdrawal benefits (GMWBs), a new guaranteed minimum accumulation benefit (GMAB), and several new subadvised portfolio options within its PerspectiveSM family of variable annuities. Two of Jackson’s new GMWB options – LifeGuard AscentSM and LifeGuard Ascent with Joint OptionSM – will replace the company’s LifeGuard ProtectorSM and LifeGuard Protector PlusSM optional benefits, as well as the Joint Options on those benefits. The new LifeGuard Ascent GMWBs are available at an additional cost and offer an annual step-up, as well as a lifetime income structure that may provide higher guaranteed withdrawals, depending on the age of the contract holder when the first withdrawal is taken. For example, contract holders between the ages of 60 to 74 who elect one of the LifeGuard Ascent benefits and begin taking withdrawals receive a 5-percent annual withdrawal for life, while a 75-year-old owner may receive 6 percent. Additionally, the guaranteed annual withdrawal percentage could increase on a step-up if the contract owner crosses into a new age band and their contract exceeds its previous high watermark.1 The third new GMWB is AutoGuard 6, a 6-percent annual withdrawal variation on Jackson’s popular AutoGuard optional benefit.2 In addition to the GMWB enhancements, Jackson has added the first GMAB to its line of VA products. Available at an additional cost, the Jackson GMAB provides contract holders with a return-of-premium guarantee at the end of the guarantee period.3 "The consistent growth of Jackson’s variable annuity business is driven by a commitment to innovation and delivering the tools that advisors need to enhance the retirement income planning process,” said Clifford Jack, executive vice president and chief distribution officer for Jackson. "Jackson’s ability to anticipate evolving retirement planning needs is evidenced by our 2006 sales performance, where 81 percent of our retail sales came from products and benefits that were launched since the beginning of 2005.” Concurrent to the living benefit enhancements, Jackson has also added a number of new underlying investment options. Subadvised by Mellon Capital Management, the new portfolios each feature distinct, long-term asset allocation strategies that can help advisors meet the unique financial situations of their clients. They include: JNL/Mellon Capital Management S&P® SMid 60 – A growth portfolio that blends 60 mid-cap and small-cap securities into one portfolio, with 33 percent small-cap and 66 percent mid-cap holdings. JNL/Mellon Capital Management NYSE® International 25 – A value-oriented portfolio that seeks long-term capital growth and invests primarily in the leading equity securities of foreign issuers. JNL/Mellon Capital Management Index 5 – A portfolio that blends large-cap, mid-cap, small-cap, international and bond investment options by combining five popular index portfolios (S&P 500 Index, S&P 400 MidCap Index, Small Cap Index, International Index and Bond Index) in one portfolio. JNL/Mellon Capital Management 10x10 – A balanced portfolio that seeks to achieve its objective by initially allocating approximately 50 percent to the JNL/Mellon Capital Management JNL 5 – a value-oriented portfolio that seeks total return through capital appreciation and dividend income, and utilizes five popular asset allocation strategies – and 10 percent into each of the indices previously mentioned in the Index 5. These become the "underlying investment universe” for the 10x10 portfolio. "Through a disciplined approach to product management that encourages input from our advisor partners and utilizes advanced technology to build innovative, customer-friendly features and benefits, Jackson is able to outpace its competitors and deliver products to market with greater speed,” said Steve Kluever, senior vice president of product and investment management for Jackson National Life Distributors LLC. "As the Baby Boomer population continues to age, the demand for customizable retirement income products that can meet specific investor profiles is increasing. Through the modular design of our variable annuity products, Jackson gives advisors the flexibility to build a product where their clients select, and pay for, only those living benefits and investment options that fit their individual needs.” To help advisors and their clients recognize Jackson as a strong retirement planning partner, the company has updated the look and feel of its marketing materials across its suite of products and services. Appointed advisors who are interested in obtaining Jackson’s redesigned marketing materials can contact their Jackson wholesaler. Advisors who wish to learn more about Jackson, the support offered by the company’s wholesaling team, or the optional features and benefits available within Jackson’s variable annuity products, can contact Jackson at 800/711-JNLD (5653). About Jackson National Life Insurance Company With more than $74 billion in assets (GAAP)a, Jackson National Life Insurance Company (Jackson) is an industry leader in variable, fixed and fixed index annuities. The company also offers life insurance and institutional products. Jackson markets its products in 49 states and the District of Columbia through independent and regional broker-dealers, financial institutions and independent insurance agents. Jackson’s subsidiary, Jackson National Life Insurance Company of New York®, similarly markets fixed and variable annuities in the state of New York. Through its affiliates and subsidiaries, Jackson also provides asset management, retail mutual funds and retail brokerage services. For more information, visit www.jnl.com. (a) Jackson also has more than $67 billion in GAAP policy liabilities set aside to pay primarily future policyowner benefits (as of 12/31/06). 1. If a LifeGuard Ascent owner, or "Covered Life,” does not cross into a new age band or the contract value does not exceed its previous high watermark, the owner continues to receive their previous, established Guaranteed Annual Withdrawal Amount (GAWA) percentage. 2. Jackson’s AutoGuard optional GMWB has traditionally been offered with a 5% GAWA. AutoGuard 6 is available with a higher GAWA at an additional charge. 3. The return-of-premium guarantee will be reduced on a pro-rata basis if the contract holder elects to take a withdrawal. Optional benefits are available for an additional cost and once elected may not be cancelled, with the exception of the Jackson GMAB, which may be cancelled after the 7th contract anniversary. Optional benefits may not be available on all of Jackson’s variable annuity products, and may not be available in all states. State variations may apply. The long-term advantage of the optional benefits will vary with the terms of the benefit option, the investment performance of the variable investment options you select and the length of time you own the annuity. As a result, in some circumstances, the cost of an option may exceed the actual benefit paid under the option. See the prospectus for more details. The Perspective Family of Variable Annuities (VA210, VA220, VA250, VA410) and Jackson’s Retirement Latitudes Product (VA 310) are issued by Jackson National Life Insurance Company, Lansing, MI, and distributed by Jackson National Life Distributors LLC, member NASD. May not be available in all states and state variations may apply. The products have limitations and restrictions, including possible withdrawal charges, recapture charges, and excess interest adjustments. Please contact the company for more information. Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company and do not apply to the principal amount or investment performance of the separate account or its underlying investments. Variable annuities involve investment risks and may lose value. A variable annuity is a long-term, tax-deferred investment vehicle designed for retirement. An annuity's earnings are taxable as ordinary income when distributed and, if taken before age 59 1/2, may be subject to a 10% federal tax penalty. Before investing, investors should consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses, which are contained in the same document, provide this and other important information. Please contact your representative or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.