ELITE CHOICE And ELITE CHOICE REWARDS Crediting Methods

Fixed index Annuities ELITE CHOICE And ELITE CHOICE REWARDS Crediting Methods Not FDIC/NCUA insured May lose value Not bank/cu guaranteed Not a deposit Not insured by any federal agency

Jackson ELITE CHOICE AND ELITE CHOICE REWARDS Crediting Methods Fixed index annuities, along with the advantages of guaranteed minimum interest, 1 tax-deferred earnings, 2 flexible retirement income options, and guaranteed death benefits, offer you the potential for additional interest linked to an index. The amount of interest earned, if any, is calculated by using a crediting method. Elite Choice and Elite Choice Rewards offer three crediting methods to choose from, and each tends to perform better during certain market conditions: Biennial Point-to-Point tends to perform better in steadily increasing market environments. Biennial Monthly Sum tends to perform better during bullish market environments. Annual Monthly Averaging tends to perform better in volatile market environments. What is a fixed index annuity? Fixed index annuities are long-term, tax-deferred vehicles designed for retirement. Earnings are taxable as ordinary income when distributed and may be subject to an additional tax if withdrawn before age 59½. 1 Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company. 2 Tax deferral offers no additional value if an annuity is used to fund a qualified plan, such as a 401(k) or an 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. chart your retirement path

BIENNIAL point-to-point Biennial Point-to-Point tends to perform better when the selected index declines early in the period, but then rebounds later in the period, or in moderate but steadily increasing periods. How it works 1. You begin with an initial index value. 2. At the end of the two-year term, the initial index value is compared to the ending index value. 3. If the ending index value is higher than the initial index value, the percentage increase is credited to the contract up to the Biennial Cap. 3 4. If the ending index value is lower, no interest will be credited; however, no interest will be lost, leaving the contract value protected. Favorable Scenario: Based on S&P 500 Index from 1990 1992 352.20 1990 Point-to-Point 415.10 1992 Initial 352.20 Ending 415.10 Percentage Change 17.86% 1.10% or 2.00% Interest Credited up to 9.00% (Hypothetical) When the ending index value is higher than the initial index value, the percentage increase is credited to the contract up to the Biennial Cap. 3 Unfavorable Scenario: Based on S&P 500 Index from 2001 2003 1298.35 Point-to-Point 2001 2003 927.57 Initial 1298.35 Ending 927.57 Percentage Change -28.56% 1.10% or 2.00% Interest Credited 0.00% When the ending index value is lower, no interest will be credited; however, no interest will be lost, leaving the contract value protected. 3 The Biennial Point-to-Point Cap (MBCI) will never be less than 1.10% for Elite Choice Rewards and 2% for Elite Choice regardless of index selected. Calculates and locks in interest every Crediting Method Term (CMT). Index change figures based on the S&P 500 Index (please see back for additional important information regarding this index). Does not reflect dividends paid on, or splits in, underlying stocks or monthly averaging. Charts are hypothetical and for illustrative purposes only. Past performance does not guarantee future results.

BIENNIAL Monthly Sum Biennial Monthly Sum tends to do better in a bullish environment. Because there is no Cap on monthly decreases, one or more bad months could limit or even wipe away gains for the period. How it works 1. You begin with an initial index value, with the index value being captured each month and compared to the prior month to determine the percentage change. 2. At the end of the two-year term, the contract s monthly percentage increases (up to the Monthly Cap) 4 are added with the monthly percentage decreases (with no Monthly Caps) for each of the 24 months. 3. If the final sum is positive at the end of the two-year term, the full amount is credited to the contract. 4. If the final sum is zero or negative, no interest will be credited; however, no interest will be lost, leaving the contract value protected. Favorable Scenario: Based on S&P 500 Index from 1998 2000 Monthly Index Change (%) 3.94% 4.27% 6.35% -1.30% 0.52% 3.90% -5.87% -10.61% 2.95% 13.81% 3.00% Monthly Cap 3.13% 4.36% 0.92% 2.91% 3.58% 1.81% 1998 2000-1.28% 4.78% -6.54% 4.38% -1.56% 2.56% 4.60% 0.57% 24-Month Sum up to 3% Monthly Cap Using Minimum Monthly Cap of 0.08% or 0.10% Interest Credited 18.08% -25.72 or -25.36 up to 18.08% (Hypothetical) When the final sum is positive at the end of the year, the full amount is credited to the contract. Initial Index Changing Index s 974.04 1012.46 1055.69 1122.70 1108.14 1113.86 1157.33 1089.45 973.89 1002.60 1141.01 1176.74 1228.10 1239.40 1275.47 1321.12 1345.00 1327.75 1391.22 1300.29 1357.24 1336.02 1370.23 1433.30 1441.47 Unfavorable Scenario: Based on S&P 500 Index from 2001 2003 Monthly Index Change (%) 1.26% -6.19% -8.51% 10.39% 1.55% -5.88% -0.04% -8.77% -1.33% 4.57% 3.39% -1.10% -4.31% 3.00% Monthly Cap 2001 2003 6.21% -3.57% -6.03% -2.06% -3.75% -8.13% -1.62% -6.56% 7.11% 1.95% 1.68% 24-Month Sum up to 3% Monthly Cap Using Minimum Monthly Cap of 0.08% or 0.10% -46.95% -67.67 or 67.49 Interest Credited 0.00% When the final sum is zero or negative, no interest will be credited; however, no interest will be lost, leaving the contract value protected. Initial Index Changing Index s 1298.35 1314.76 1233.42 1128.43 1245.67 1264.96 1190.59 1190.16 1085.78 1071.38 1120.31 1158.31 1145.60 1096.22 1164.31 1122.73 1054.99 1027.53 989.03 908.64 893.92 835.32 894.74 912.23 927.57 4 The Biennial Monthly Cap (MMCI) will never be less than 0.08% for Elite Choice Rewards and 0.10% for Elite Choice regardless of index selected. Calculates and locks in interest every CMT. Index change figures based on the S&P 500 Index (please see back for additional important information regarding this index). Does not reflect dividends paid on, or splits in, underlying stocks or monthly averaging. Charts are hypothetical and for illustrative purposes only. Past performance does not guarantee future results.

Annual Monthly Averaging Annual Monthly Averaging tends to perform better in volatile environments, particularly when the selected index increases early in the year, but then declines later in the year. How it works 1. You begin with an initial index value, with the index value captured each month over the following 12 months. 2. At the end of the year, the 12 monthly index values are added together and divided by 12 to determine the average, which is then compared to the initial index value. 3. If the ending average value is higher than the initial index value, the percentage increase is credited to the contract up to the Annual Cap. 5 4. If the ending average value is lower, no interest will be credited; however, no interest will be lost, leaving the contract value protected. Favorable Scenario: Based on S&P 500 Index from 1987-1988 246.45 Initial Index 280.04 1987 290.66 300.41 293.37 293.45 308.37 232.00 316.70 328.07 250.41 223.92 243.40 1988 12-Month Sum 3,360.80 12-Month Avg. 280.07 Initial 246.45 Percentage Change 13.64% 0.55% or 1.00% Interest Credited up to 7.00% (Hypothetical) When the ending average value is higher than the initial index value, the percentage increase is credited to the contract up to the Annual Cap. 4 Unfavorable Scenario: Based on S&P 500 Index from 2002-2003 1172.51 Initial Index 1096.22 2002 1164.31 1122.73 1054.99 1027.53 989.03 908.64 893.92 800.85 894.74 912.23 927.57 2003 12-Month Sum 11,792.76 12-Month Avg. 982.73 Initial 1172.51 Percentage Change -16.19% 0.55% or 1.00% Interest Credited 0.00% When the ending average value is lower, no interest will be credited; however, no interest will be lost, leaving the contract value protected. 5 The Maximum Annual Credited Interest (MACI) will never be less than 0.55% for Elite Choice Rewards and 1% for Elite Choice regardless of index selected. Calculates and locks in interest every CMT. Index change figures based on the S&P 500 Index (please see back for additional important information regarding this index). Does not reflect dividends paid on, or splits in, underlying stocks or monthly averaging. Charts are hypothetical and for illustrative purposes only. Past performance does not guarantee future results.

For more information on Jackson fixed index annuities, please contact your representative. Fixed index annuities are also known as fixed annuities with index-linked interest (equity-linked and fixed annuities in Oregon). As soon as your premium is received, 100% begins to earn interest in a fixed account offering a one-year interest rate that will never be less than 1%. On the first Friday after the contract is issued (or the next business day if the New York Stock Exchange is closed on Friday), Jackson National Life Insurance Company will transfer the appropriate amount (depending on the contract you selected), including interest earned, into the Indexed Option Period of your choice. On the date the money is transferred, your Index Participation Rate (IPR), Biennial Point-to-Point Cap (MBCI), Maximum Annual Credited Interest (MACI), Biennial Monthly Cap (MMCI), and initial index value are determined. This is your Index Determination Date (IDD). Elite Choice Single Premium Deferred Fixed Annuity with Index-Linked Interest (ICC13 FIA400, FIA400) and Elite Choice Rewards Single Premium Deferred Fixed Annuity with Index-Linked Interest and Bonus Provision (ICC13 FIA450, FIA450) are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and distributed by Jackson National Life Distributors LLC. Not available in all states and state variations may apply. These products are fixed annuities that do not participate in any stock or equity investments and have limitations and restrictions, including withdrawal charges and possible recapture charges. Recapture charges do not apply in CT. During the Indexed Option Period, the annuity s cash withdrawal value may be less than the initial premium. For costs and complete details, contact your representative or the Company. The design of these annuity contracts emphasizes the protection of credited interest rather than the maximization of interest rate crediting. Jackson issues other annuities with similar features, benefits, limitations and charges. Discuss them with your representative or contact Jackson for more information. Fixed index annuities may not be suitable for everyone. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ( SPDJI ), and has been licensed for use by Jackson National Life Insurance Company ( Jackson ). Standard & Poor s, S&P and S&P 500 are registered trademarks of Standard & Poor s Financial Services LLC ( S&P ); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ( Dow Jones ); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Jackson. Elite Choice and Elite Choice Rewards are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. The payment of dividends is not reflected in the index return. Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company. JMI4323 01/14 www.jackson.com