Jackson National Separate Account I
04/27/2026 | Press release | Distributed by Public on 04/27/2026 09:34
Summary Prospectus for New Investors by Investment Company (Form 497VPI)
SUMMARY PROSPECTUS FOR NEW INVESTORS
April 27, 2026
JACKSON ADVANTAGE®
FLEXIBLE PREMIUM VARIABLE AND FIXED DEFERRED ANNUITY
Issued by
Jackson National Life Insurance Company® through
Jackson National Separate Account - I
This summary prospectus summarizes key features of the Jackson Advantage® Contract.
Before you invest, you should review the prospectus for the Jackson Advantage® Contract, which contains more information about the Contract's features, benefits, and risks. You can find this document and other information about the Contract online at www.jackson.com/product-literature-2.html. You can also obtain this information at no cost by calling 1-800-644-4565 or by sending an email request to [email protected].
You can sign up for electronic delivery of your summary prospectus, updates to the summary prospectus or other communications by logging into your account at www.jackson.com.
You may cancel your Contract within 10 days of delivery of the Contract. In some states, this cancellation period may be longer. Upon cancellation, you will receive either (i) a full refund of the amount you paid with your application, or (ii) Premiums paid to the Fixed Account, plus the Separate Account Contract Value, plus any fees (other than asset-based fees) and expenses deducted from the Premiums. You should review the prospectus, or consult with your financial professional, for additional information about the specific cancellation terms that apply.
Additional information about certain investment products, including variable annuities, has been prepared by the SEC's staff and is available at www.Investor.gov.
| TABLE OF CONTENTS | |||||
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DEFINITIONS
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1
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OVERVIEW OF THE CONTRACT
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2
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IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT
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4
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BENEFITS AVAILABLE UNDER THE CONTRACT
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7
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BUYING THE CONTRACT
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12
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MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT
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12
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ADDITIONAL INFORMATION ABOUT FEES
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14
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APPENDIX A (INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT)
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A-1
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BACK COVER PAGE
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B-1
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DEFINITIONS
Annuitant - the natural person on whose life annuity payments for this Contract are based. Any reference to the Annuitant includes any joint Annuitant.
Beneficiary - the natural person or legal entity designated to receive any Contract benefits upon the Owner's death. The Contract allows for the naming of multiple Beneficiaries.
Business Day - each day that the New York Stock Exchange is open for business.
Completed Year - the succeeding twelve months from the date on which we receive a Premium payment. Completed Years specify the years from the date of receipt of the Premium and does not refer to Contract Years.
For example, if the Premium receipt date is other than the Issue Date or a subsequent Contract Anniversary, there is no correlation of the Contract Anniversary date and Completed Years. For example, if the Issue Date is January 15, 2026 and a Premium payment is received on February 28, 2026 then, although the first Contract Anniversary is January 15, 2027, Completed Year 0-1 for that Premium payment would begin on February 28, 2026 and end on February 27, 2027. Completed Year 1-2 for that Premium payment would begin on February 28, 2027.
Contract - the individual deferred variable annuity contract and any optional endorsements you may have selected.
Contract Anniversary - each one-year anniversary of the Contract's Issue Date.
Contract Quarterly Anniversary - each three-month anniversary of the Contract's Issue Date.
Contract Value - the sum of allocations between the Contract's Investment Divisions and Fixed Account Options.
Contract Year - the succeeding twelve months from a Contract's Issue Date and every anniversary. The first Contract Year (Contract Year 0-1) starts on the Contract's Issue Date and extends to, but does not include, the first Contract Anniversary. Subsequent Contract Years start on an anniversary date and extend to, but do not include, the next anniversary date.
For example, if the Issue Date is January 15, 2026, then the end of Contract Year 0-1 would be January 14, 2027, and January 15, 2027, which is the first Contract Anniversary, begins Contract Year 1-2.
Fixed Account - part of our General Account to which the Contract Value you allocate is guaranteed to earn a stated rate of return over the specified period. The Fixed Account consists of the Fixed Account Options.
Fixed Account Option - a Contract option within the Fixed Account for a specific period under which a stated rate of return will be credited.
Fund - a registered investment company in which an Investment Division of the Separate Account invests.
General Account - the General Account includes all our assets, including any Contract Value allocated to the Fixed Account, which are available to our creditors.
Good Order - when our administrative requirements, including all information, documentation and instructions deemed necessary by us, in our sole discretion, are met in order to issue a Contract or execute any requested transaction pursuant to the terms of the Contract.
Income Date - the date on which you begin receiving annuity payments.
Investment Division - one of multiple variable options of the Separate Account to allocate your Contract's value, each of which exclusively invests in a different available Fund.
Issue Date - the date your Contract is issued.
Jackson, JNL, we, our, or us - Jackson National Life Insurance Company. (We do not capitalize "we," "our," or "us" in the prospectus.)
Latest Income Date - the Contract Anniversary on which the Owner will be 95 years old, or such date allowed by the Company on a non-discriminatory basis or as required by an applicable qualified plan, law or regulation.
Market Value Adjustment - an adjustment to the Contract Value allocated to the Fixed Account that is withdrawn, transferred, or annuitized from a Fixed Account Option before the end of the selected Fixed Account Option period.
Owner, you or your - the natural person or legal entity entitled to exercise all rights and privileges under the Contract. Any reference to the Owner includes any joint Owner.
Premium(s) - considerations paid into the Contract by or on behalf of the Owner.
Remaining Premium - total Premium paid into the Contract, reduced by withdrawals of Premium, including withdrawal charges, before withdrawals are adjusted for any applicable Market Value Adjustments or charges.
Separate Account - Jackson National Separate Account - I. The Separate Account is divided into sub-accounts generally referred to as Investment Divisions.
Separate Account Contract Value - the sum of all amounts allocated to any of the Contract's Investment Divisions.
1
OVERVIEW OF THE CONTRACT
Purpose of the Contract
The Jackson Advantage Contract is intended to help you save for retirement or another long-term investment purpose through investments in a variety of investment options during the accumulation phase. The Contract also offers death benefits to protect your designated Beneficiaries. Through the annuitization feature, the Contract can supplement your retirement income by providing a stream of income payments. The Contract also offers certain optional living benefits that provide you with the ability to take guaranteed withdrawals. This Contract may be appropriate if you have a long investment time horizon. It is not intended for people who may need to make early or frequent withdrawals or intend to engage in frequent trading in the Funds.
Phases of the Contract
Your Contract has two phases: the accumulation phase, when you make Premium payments to us, and the income phase, when we make income payments to you.
Accumulation Phase
During the accumulation phase, to help you accumulate assets, you can allocate your Premium payments to:
•a variety of Investment Divisions. Each Investment Division invests in a corresponding (mutual fund) Fund, each of which has its own investment strategies, investment adviser(s), expense ratios, and returns; and
•a variety of Fixed Account Options, subject to availability, which offer a guaranteed fixed interest rate for a specified period. The Fixed Account Options are not available if you elect certain add-on benefits.
A list of Funds and additional information about the Funds in which the Investment Divisions currently invest is provided in Appendix A: Investment Options Available Under the Contract.
Income Phase
You can elect to annuitize your Contract and turn your Contract Value into a stream of fixed and/or variable income payments from us. (Variable payments depend on the performance of the Investment Divisions.) Currently, we offer income options that provide payments for (i) the life of the Annuitant(s), (ii) a specified period, or (iii) a combination of life and a specified period. We may offer other options, at our discretion, where permitted by state law. At the Income Date, you can choose to receive fixed payments or variable payments.
Please note that if you annuitize, your Contract Value will be converted to income payments and you may no longer withdraw money at will from your Contract. All add-on benefits terminate when you begin taking income payments.
Contract Features
Accessing your money. Until you annuitize, you have full access to your money. You can choose to withdraw your Contract Value at any time (although if you withdraw early, you may have to pay a withdrawal charge, a contract maintenance charge, charges due under any optional endorsement, a Market Value Adjustment, and/or taxes, including tax penalties). Certain withdrawals could substantially reduce or even terminate the benefits available under the Contract.
Tax treatment. Your Premium payments accumulate on a tax-deferred basis. This means your earnings are not taxed until you take money out of your Contract, such as when (1) you make a withdrawal; (2) you receive an income payment from the Contract; or (3) upon payment of a death benefit.
Death benefits. Your Contract includes a Basic Death Benefit that will pay your designated Beneficiaries the greater of: (i) your Contract Value on the date we receive all required documentation from your Beneficiary; or (ii) the total Premiums you have paid since your Contract was issued reduced for prior withdrawals (including any applicable charges and adjustments) in the same proportion that the Contract Value was reduced on the date of the withdrawal. You can purchase optional add-on death benefits under the Contract that provide additional death benefits for an additional fee. These add-on death benefits may increase the amount of money payable to your designated Beneficiaries upon your death.
2
Add-on benefits that occur during your lifetime. For an additional fee, you can purchase a guaranteed minimum withdrawal benefit (GMWB) that guarantees the withdrawal of a minimum annual amount (GAWA) for a specified period or for life, regardless of the performance of the underlying investment options, subject to certain conditions. Some add-on benefits may provide significant incentives for not taking the guaranteed withdrawals. In addition, exercising your right to opt out of charge increases to the add-on benefits will impact your ability to make subsequent premium payments into your Contract, and cut off some of the features of the add-on benefits. All add-on benefits terminate when you annuitize your Contract voluntarily or on the Latest Income Date, including the For Life payments guaranteed by the benefits. Some add-on benefits may provide an income option that allows the equivalent of For Life payments when you annuitize on the Latest Income Date.
Terminal Illness Benefit/Extended Care Benefit. At no additional charge, we currently include a Terminal Illness Benefit/Extended Care Benefit with all Contracts. This benefit increases the amount that can be withdrawn from your Contract without a withdrawal charge when certain qualifying events occur.
Rebalancing. At no additional charge, you can arrange to have us automatically reallocate your Contract Value among Investment Divisions and the one-year Fixed Account Option (if currently available) periodically to maintain your selected allocation percentages. Certain restrictions apply.
Dollar Cost Averaging. Alternately, at no additional charge, you may select either (i) Dollar Cost Averaging, which automatically transfers a dollar amount or percentage of money periodically from the one-year Fixed Account Option or any of the Investment Divisions into the Investment Divisions and other Fixed Account Options, or (ii) Dollar Cost Averaging Plus (DCA+), which automatically transfers a dollar amount or percentage of money periodically from the DCA+ Fixed Account Option to Investment Divisions or other Fixed Account Options. Certain restrictions apply.
Earnings Sweep. At no additional charge, you can choose to move your earnings from the one-year Fixed Account Option, if currently available, and the JNL/Dreyfus Government Money Market Investment Division. Restrictions apply.
Contract Adjustments
Market Value Adjustment: A Market Value Adjustment ("MVA") may apply to amounts withdrawn, transferred or annuitized from the Fixed Account during a Fixed Account Option term. The Market Value Adjustment reflects changes in the level of interest rates since the Issue Date. Market Value Adjustments protect the Company from risks related to the value of the fixed investment instruments supporting the Contract guarantees if amounts are withdrawn prematurely. The Market Value Adjustment shifts the risk from the Company to you. The application of a Market Value Adjustment could result in a reduction in the amount you receive from a withdrawal, and in extreme circumstances, such losses could be as high as 12.5% of your investment. A Market Value Adjustment could also increase the amount you receive from a withdrawal in certain market conditions. A Market Value Adjustment will not otherwise affect the values under your Contract.
There is no Market Value Adjustment on: amounts taken from the one-year Fixed Account Option; death benefit payments; payments pursuant to a life contingent income option or an income option resulting in payments spread over at least five years; amounts withdrawn for Contract charges; free withdrawals; amounts removed from any Fixed Account Option on the Latest Income Date and amounts removed from any Fixed Account Option in the 30-day period following the end of a Fixed Account Option term. In no event will the amount of a total withdrawal, transfer or annuitization from the Fixed Account Options be less than the Fixed Account Minimum Value. In the case of a withdrawal or transfer from a Fixed Account Option, the amount withdrawn or transferred will have been credited with interest at a rate at least equal to the Fixed Account minimum interest rate, even if subject to a Market Value Adjustment that otherwise would have reduced it below that rate.
3
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT
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FEES, EXPENSES, AND ADJUSTMENTS
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LOCATION IN PROSPECTUS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Are There Charges or Adjustments for Early Withdrawals?
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Yes. If you withdraw money from your Contract within 7 Complete Years following your last Premium payment, you will be assessed a withdrawal charge. The maximum withdrawal charge is 8.5% of the Remaining Premium withdrawn during the first Completed Year. For example, if you make an early withdrawal within the first Completed Year, you could pay a withdrawal charge of up to $8,500 on a $100,000 investment. The withdrawal charge then declines by 2%, 1%, or 0.5% per year for each additional Completed Year, until the end of the seventh Completed Year, after which no charge is made.
In addition, if all or a portion of Contract Value is removed from a Fixed Account Option before the end of the Fixed Account Option term, we will apply a Market Value Adjustment, which may be negative. The Market Value Adjustment applies to partial or total withdrawals, transfers, or annuitizations from a Fixed Account Option prior to the end of the specified Fixed Account Option term. You could lose up to 12.5% of your investment due to this Market Value Adjustment. For example, if you allocate $100,000 to a 3-year Fixed Account Option and later withdraw the entire amount before the 3 years have ended, you could lose up to $12,500 of your investment. This loss will be greater if you also have to pay a Withdrawal Charge, taxes, and tax penalties.
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Charges and Adjustments- Transaction Expenses: Withdrawal Charge
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Are There Transaction Charges?
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Yes. In addition to withdrawal charges and contract adjustments, you also may be charged for other transactions, such as when you transfer cash value between investment options more than 25 times a year, or if you request expedited delivery or wire transfer of funds.
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Charges and Adjustments- Transaction Expenses
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Are There Ongoing Fees and Expenses?
(annual charges)
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Yes. The table below describes the fees and expenses that you may pay each year, depending on the options you choose. Please refer to your Contract Data Pages for information about the specific fees you will pay each year based on the options you have elected.
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Charges and Adjustments- Add-On Benefit Expenses
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| ANNUAL FEE | MINIMUM | MAXIMUM | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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1. Base Contract1
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1.06% | 1.06% |
Charges and Adjustments- Annual Contract Expenses: Core Contract Charge
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2. Fund fees and expenses2
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0.52% | 2.38% |
Charges and Adjustments- Fund Expenses
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3. Optional benefits available for an additional charge (for a single optional benefit, if elected)3
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See current Rate Sheet Prospectus Supplement
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See current Rate Sheet Prospectus Supplement
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Charges and Adjustments- Add-On Benefit Expenses
Rate Sheet Prospectus Supplement
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1.As a percentage of average daily Contract Value of the Investment Divisions.
2.As a percentage of average Fund net assets.
3.This prospectus utilizes Rate Sheet Prospectus Supplements to describe the current minimum and maximum charges you would pay for a single optional benefit, if elected. To obtain a copy of the most recent Rate Sheet Prospectus Supplement(s), please visit www.jackson.com/product-literature-2.html.
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Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add surrender (withdrawal) charges and negative Contract Adjustments that substantially increase costs.
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4
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LOWEST ANNUAL COST:
See Current Rate Sheet Prospectus Supplement
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HIGHEST ANNUAL COST: See Current Rate Sheet Prospectus Supplement |
Rate Sheet Prospectus Supplement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Assumes:
•Investment of $100,000
•5% annual appreciation
•Least expensive combination of Fund fees and expenses
•No add-on benefits
•No sales charges
•No additional purchase payments, transfers or withdrawals
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Assumes:
•Investment of $100,000
•5% annual appreciation
•Most expensive combination of add-on benefits and Fund fees and expenses
•No sales charges
•No additional purchase payments, transfers or withdrawals
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| RISKS | Location in Prospectus | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Is There a Risk of Loss from Poor Performance?
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Yes. You can lose money by investing in this Contract.
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Principal Risks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Is this a Short-Term Investment?
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No. This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash.
Withdrawal charges apply for up to 7 years following your last Premium payment. They will reduce the value of your Contract if you withdraw money during that time. Amounts removed from a Fixed Account Option prior to the end of a Fixed Account Option term may also result in a negative Market Value Adjustment.The benefits of tax deferral and living benefit protections also mean the Contract is more beneficial to investors with a long time horizon.
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Principal Risks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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What Are the Risks Associated with the Investment Options?
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An investment in this Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options you choose. Each investment option (Investment Divisions and Fixed Account Options) has its own unique risks. Early withdrawals from a Fixed Account Option are subject to a Market Value Adjustment. You should review the investment options before making an investment decision.
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Principal Risks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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What Are the Risks Related to the Insurance Company?
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Any obligations (including under the Fixed Account Options), guarantees, and benefits of the Contract are subject to the claims-paying ability of Jackson. More information about Jackson is available upon request by visiting our website at www.jackson.com or by calling 1-800-644-4565.
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Principal Risks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5
| RESTRICTIONS | Location in Prospectus | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Are There Restrictions on the Investment Options?
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Yes.
Premium Payments.
•The minimum initial Premium payment must be at least $50,000 for both non-qualified and qualified plan Contracts.
•The minimum subsequent Premium payment must be at least $500 ($50 for an automatic payment plan).
•The maximum aggregate Premium payments you may make without our prior approval is $1 million.
•There is a minimum allocation requirement of $100.
•We reserve the right, in our discretion, to limit, restrict, suspend or reject any or all initial or subsequent Premium payments and to limit the amount, frequency or timing of Premium payments, at any time on a non-discriminatory basis.
Transfers.
•We reserve the right to charge $25 for each transfer when you transfer money between Investment Divisions in excess of 25 times in a Contract Year.
Investment Restrictions.
•Jackson may remove or substitute Funds as investment options available under the Contract, and may limit or suspend availability of the Fixed Account Options.
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Purchases
Principal Risks
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Are There any Restrictions on Contract Benefits?
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Yes. Certain benefits may limit withdrawals or other rights under the Contract. Under certain benefits, a withdrawal could reduce the value of a benefit by more than the dollar amount of the withdrawal. An add-on benefit's availability may vary by state or date of purchase. We may modify or discontinue an add-on benefit at any time.
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Benefits Available Under the Contracts
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| TAXES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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What Are the Contract's Tax Implications?
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•Consult with a tax professional to determine the tax implications of an investment in and purchase payments received under this Contract.
•If you purchase the Contract through a tax-qualified plan or individual retirement account (IRA), you do not get any additional tax deferral.
•Earnings on your Contract are taxed at ordinary income tax rates when you withdraw them, and you may have to pay a penalty if you take a withdrawal before age 59 ½.
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Taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CONFLICTS OF INTEREST | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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How Are Investment
Professionals
Compensated?
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Your financial professional or other investment professionals may receive compensation for selling this Contract to you in the form of commissions, revenue sharing, and other compensation programs. Accordingly, investment professionals may have a financial incentive to offer or recommend this Contract over another investment. | Distribution of Contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Should I Exchange My Contract?
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Some investment professionals may have a financial incentive to offer you a new contract in place of the one you own. You should only consider exchanging your contract if you determine, after comparing the features, fees, and risks of both contracts, that it is in your best interest to purchase the new contract rather than continue to own your existing contract. | Non-Qualified Contracts - 1035 Exchanges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6
BENEFITS AVAILABLE UNDER THE CONTRACTS
Basic Death Benefit (automatically included with the Contract)
| NAME OF BENEFIT | PURPOSE | MAXIMUM FEE | BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS | ||||||||
| Basic Death Benefit | Guarantees your Beneficiaries will receive a benefit of at least equal to the greater of your Contract Value or your total Premiums paid. | No additional charge |
•Withdrawals could significantly reduce the benefit.
•Benefit terminates on annuitization.
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Add-On Death Benefits Available For a Fee
| NAME OF BENEFIT | PURPOSE | MAXIMUM FEE | BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS | ||||||||
| Contract Value Death Benefit | An alternative to the Contract's basic death benefit; changes your default death benefit to equal your Contract Value. Election of the Contract Value Death Benefit reduces your Core Contract Charge. The reduction in Core Contract Charge is relative to the standard charges associated with administering the Contract's basic death benefit. | No additional charge. |
•If you elect the Contract Value Death Benefit, no other add-on death benefits are available for election.
•Availability of all add-on death benefits are subject to age limitations.
•Only one add-on death benefit may be elected.
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| Roll-up GMDB |
Provides a death benefit that increases at an annual interest rate until the Contract Anniversary immediately preceding the oldest Covered Life's 81st birthday.
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Maximum 1.80% (as a percentage of benefit base) |
•Available to Owners age 79 or younger.
•Interest rate depends on age and date of election.
•Withdrawals could significantly reduce or terminate the benefit.
•Fee may be increased on each 5th Contract Anniversary (opting out will affect the benefit and the Contract).
•May provide value after the Income Date.
•Availability of all add-on death benefits are subject to age limitations.
•Only one add-on death benefit may be elected.
•The Fixed Account Options are not available if you elect the Roll-up GMDB add-on death benefit.
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| NAME OF BENEFIT | PURPOSE | MAXIMUM FEE | BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS | ||||||||
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Highest Quarterly Anniversary Value GMDB
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Provides a new locked-in higher death benefit on each Contract quarterly anniversary (prior to the oldest Covered Life's 81st birthday) if your investments increase in value
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Maximum 0.60% (as a percentage of benefit base) |
•Available to Owners age 79 or younger.
•Withdrawals could significantly reduce or terminate the benefit.
•Fee may be increased on each 5th Contract Anniversary (opting out will affect the benefit and the Contract).
•May provide value after the Income Date.
•Availability of all add-on death benefits are subject to age limitations.
•Only one add-on death benefit may be elected.
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| Combination Roll-up and Highest Quarterly Anniversary Value GMDB | Provides a minimum death benefit equal to the greater of (ii) the Roll-up GMDB and (ii) the Highest Quarterly Anniversary Value Guaranteed Minimum Death Benefit. |
Maximum 2.00% (as a percentage of benefit base) |
•Available to Owners age 79 or younger.
•Withdrawals could significantly reduce or terminate the benefit.
•Fee may be increased on each 5th Contract Anniversary (opting out will affect the benefit and the Contract).
•May provide value after the Income Date.
•Availability of all add-on death benefits are subject to age limitations.
•Only one add-on death benefit may be elected.
•The Fixed Account Options are not available if you elect the Combination Roll-up and Highest Quarterly Anniversary Value GMDB add-on death benefit.
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| NAME OF BENEFIT | PURPOSE | MAXIMUM FEE | BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS | ||||||||
| Flex DB (Previously called LifeGuard Freedom Flex DB) |
This death benefit works in connection with the Flex GMWB and provides a minimum death benefit equal to the Flex GMWB Guaranteed Withdrawal Balance (GWB), that is not reduced for your allowed annual withdrawals. This death benefit also provides a 7th Contract Anniversary step-up to potentially increase the death benefit.
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Maximum 1.60% (as a percentage of the GMWB Death Benefit) |
•Available to Owners age 35 to 75.
•Available only at issue and only with the certain benefit options under the Flex GMWB (previously called the LifeGuard Freedom Flex GMWB).
•Withdrawal percentages depend on age and date of election.
•Withdrawals could significantly reduce or terminate the benefit.
•Fee may be increased on each 5th Contract Anniversary (opting out will affect the benefit and the Contract).
•May provide value after the Income Date.
•Availability of all add-on death benefits are subject to age limitations.
•Only one add-on death benefit may be elected.
•The Fixed Account Options are not available if you elect the Flex DB add-on death benefit.
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Add-On Living Benefits Available For a Fee
| NAME OF BENEFIT | PURPOSE | MAXIMUM FEE | BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS | ||||||||
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Flex GMWB (Single) and (Joint) (Previously called LifeGuard Freedom Flex GMWB)
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Offers a unique level of flexibility because you can choose from a range of benefit options to increase your Guaranteed Withdrawal Balance ("GWB"). In down or flat market years, you can receive a bonus in years you don't take withdrawals, when your Contract does well, you can lock in investment gains with step-ups, and as your protected GWB steps up, your bonus amount can also grow.
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Single Life Option:
Maximum: 3.00%
(as a percentage of the GWB)
Joint Life Option:
Maximum: 3.00%
(as a percentage of the GWB)
(The maximum annual charges are based on election of the most expensive combination of options.)
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•Available to Owners age 35 to 80.
•GAWA% depends on age and income stream level included with selected benefit option at time of first withdrawal.
•Bonus applies for limited period and requires no withdrawals.
•Amount of guaranteed withdrawals depends on the benefit option and specified combination of optional features under the benefit.
•Jackson may prospectively change the GAWA%, including the age bands, on new GMWB endorsements.
•Withdrawals prior to start of For Life Guarantee and excess withdrawals could significantly reduce or terminate the benefit.
•May be added on the Issue Date or a Contract Anniversary (with advance notice, subject to availability).
•Subject to fee increases on each 5th Contract Anniversary (opting out will affect the benefit and the Contract).
•Subject to a maximum guaranteed withdrawal balance ("GWB") of $10 million.
•Terminates on the Income Date.
•Cannot be cancelled by you (except upon spousal continuation).
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Other Add-On Benefits Included With All Contracts At No Additional Cost
| NAME OF BENEFIT | PURPOSE | MAXIMUM FEE | BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS | ||||||||
| Terminal Illness Benefit/ Extended Care Benefit | Increases the amount that can be withdrawn from your Contract without a withdrawal charge if you experience certain qualifying events such as: (i) diagnosis with an illness that will result in your death within 12 months; or (ii) confinement to a nursing home or hospital for 90 consecutive days. | None |
•Maximum free withdrawal amount is $250,000 of your Contract Value.
•Can only be exercised once.
•Any Market Value Adjustment still applies.
•Physician's statement required.
•Qualifying event must occur after the Contract was issued.
|
||||||||
10
| NAME OF BENEFIT | PURPOSE | MAXIMUM FEE | BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS | ||||||||
| Rebalancing | Automatically reallocates your Contract Value among Investment Divisions and the one-year Fixed Account Option (if currently available) periodically to maintain your selected allocation percentages. | None |
•Rebalancing will terminate if your rebalancing program includes the one-year Fixed Account Option and we impose any transfer restrictions or requirements on the one-year Fixed Account Option.
|
||||||||
| Dollar Cost Averaging | Automatically transfers a dollar amount or percentage of money periodically from the one-year Fixed Account Option or any of the Investment Divisions into the Investment Divisions and other Fixed Account Options. | None |
•Restrictions may apply if we impose any transfer restrictions on the one-year Fixed Account Option You may cancel your Dollar Cost Averaging program using whatever methods you use to change your allocation instructions.
|
||||||||
| Dollar Cost Averaging Plus (DCA+) | If available, offers a fixed interest rate that we guarantee for a period of up to one year in connection with systematic transfers from the DCA+ Fixed Account Option to one or more of the Investment Divisions or other Fixed Account Options. From time to time, we will offer special enhanced rates on the DCA+ Fixed Account Option. | None |
•Restrictions may apply if we impose any transfer restrictions on the one-year Fixed Account Option.
•The DCA+ Fixed Account Option is only available for new Premiums.
•A Contract Value of $15,000 is required to participate.
|
||||||||
| Earnings Sweep |
Allows you to choose to move your earnings from the source accounts (only applicable from the one-year Fixed Account Option, if currently available, and the JNL/Dreyfus Government Money Market Investment Division).
|
None |
•May only be added within 30 days of the issue date of your Contract.
•You may cancel your Earnings Sweep program using whatever methods you use to change your allocation instructions.
|
||||||||
11
BUYING THE CONTRACT
Q. How do I purchase the Jackson Advantage® Contract?
A. To purchase a Contract, you must complete an application. Your financial professional will submit your application, along with your initial Premium payment, to us. Acceptance of applications is subject to Jackson's rules. We reserve the right to reject any application or initial Premium payment.
Q. How much can I contribute and how are my Premium payments invested?
A. You may allocate Premium payments in the available Investment Divisions and Fixed Account Options.
| NON-QUALIFIED CONTRACTS | QUALIFIED CONTRACTS | |||||||
| Minimum Initial Premium |
$50,000 (under most circumstances) |
$50,000 | ||||||
| Minimum Subsequent Premiums |
$500 ($50 for auto payment plan) |
$500 ($50 for auto payment plan) |
||||||
| Maximum Total Premiums |
$1,000,000 (without prior approval) Jackson reserves the right to lower the maximum. |
|||||||
You can pay additional Premiums at any time during the accumulation phase unless a specific add-on benefit or feature provides limitations. We can limit, restrict, suspend or reject any Premium payments for any reason. Allocation restrictions may apply to certain options.
Q. When will my Premium payments be credited to my account?
A. We will issue your Contract and allocate your first Premium within two Business Days (days when the New York Stock Exchange is open) after we receive your first Premium and all information that we require for the purchase of a Contract. If we do not receive all of the information that we require, we will contact you to get the necessary information. If for some reason we are unable to complete this process within five Business Days, we will return your money.
Subsequent Premium payments should be sent to one of the following addresses:
|
Regular Mail
P.O. Box 24068, Lansing, Michigan 48909-4068
|
Express Mail
1 Corporate Way, Lansing, Michigan 48951
|
||||
Subsequent Premiums are allocated on the Business Day that the Premium is received. Each Business Day ends when the New York Stock Exchange closes (usually 4:00 p.m. Eastern time).
MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT
Q. Can I access the money in my account during the accumulation phase?
A. Until you annuitize, you have full access to your money. You can choose to withdraw your Contract Value at any time (although if you withdraw early, you may have to pay a withdrawal charge, a contract maintenance charge, charges due under any add-on benefit, a Market Value Adjustment, and/or taxes, including tax penalties).
You can have access to the money in your Contract by making a partial or total withdrawal, by electing the Automatic Withdrawal Program, or by electing a Guaranteed Minimum Withdrawal Benefit. Withdrawals will reduce the Contract Value of your Contract (including the amount of the death benefit). However, withdrawing the Contract Value of your Contract below a certain level will terminate your Contract.
Certain benefits may limit withdrawals under the Contract. Certain withdrawals could substantially reduce or even terminate the benefits available under the Contract.
12
Q. Are there limitations and consequences associated with taking money out of my Contract during the accumulation phase?
A. Yes. These limitations and consequences include:
| Limitations on withdrawal amounts | The minimum withdrawal amount is the lesser of $500 or, if less, the entire amount in the applicable Investment Division or Fixed Account Option. The minimum withdrawal is $50 under the Automatic Withdrawal Program. | ||||
| Charges, Market Value Adjustment, and taxes | As described above, when you take out money, there may be withdrawal charges, a contract maintenance charge, charges due under any add-on benefit, a Market Value Adjustment, and applicable taxes. | ||||
| Negative impact of withdrawal on benefits and guarantees of your Contract | A withdrawal may have a negative impact on certain standard benefits or add-on benefits that you may elect. It may reduce the value of or even terminate certain benefits. | ||||
Q. What is the process to request a withdrawal of money from my Contract?
A. You can request a withdrawal from the Contract at any time before the Income Date. To request a partial or total withdrawal, you can send a written request in Good Order to one of the following addresses:
|
Regular Mail
P.O. Box 24068, Lansing, Michigan 48909-4068
|
Express Mail
1 Corporate Way, Lansing, Michigan 48951
|
||||
Generally, for partial or total withdrawal requests received in Good Order before the end of the Business Day, we will process your request that day. If we receive your request in Good Order after the close of the end of the Business Day, your request will be processed the next Business Day. Generally, Jackson will pay the withdrawal proceeds within seven days of a request in Good Order.
Q. Can I access the money in my account during the income phase?
A. The income phase of your Contract occurs when you begin receiving regular income payments from us. You can choose an income option and the date income payments begin (subject to a maximum age). All of the Contract Value must be annuitized. If you annuitize, you may no longer withdraw money at will from your Contract. However, under income options with a specified period, the Beneficiary may request a lump sum payment subject to a commutation fee.
13
ADDITIONAL INFORMATION ABOUT FEES
The following tables describe the fees, expenses and adjustments that you will pay when buying, owning, and making partial or total withdrawals from an Investment Option or from the Contract. Please refer to your Contract Data Pages for information about the specific fees you will pay each year based on the options you have elected.
The first table describes the fees and expenses that you will pay at the time that you buy the Contract, make a partial or total withdrawal from an Investment Option or from the Contract, or transfer Contract Value between Investment Options. State premium taxes may also be deducted.
Transaction Expenses
|
Withdrawal Charge (as a percentage of Remaining Premium)
|
||||||||||||||||||||||||||
| Completed Years Since Receipt of Premium | 0-1 | 1-2 | 2-3 | 3-4 | 4-5 | 5-6 | 6-7 | 7+ | ||||||||||||||||||
| 8.5% | 7.5% | 6.5% | 5.5% | 5.0% | 4.0% | 2.0% | 0.0% | |||||||||||||||||||
| Transfer Charge (per transfer after 25 in a Contract Year) | $25 | |||||||
|
Premium Taxes (Percentage of each Premium)1
|
Minimum |
0.0%
|
||||||
| Maximum | 3.5% | |||||||
|
Expedited Delivery Charge2
|
Highest Current Charge
|
$38 | ||||||
|
Wire Transfers (for withdrawals)3
|
Highest Current Charge
|
$25 | ||||||
1 Premium taxes generally range from 0.0% to 3.5% and vary by state.
2 We pass the current charges for requested expedited delivery services through to you directly, with no added fees or profits to us. This means these charges are subject to change and are not subject to a maximum. Between Monday and Friday, the current Expedited Delivery Charge is $23. On Saturday, the current Expedited Delivery Charge is $38.
3 We pass the current charges for requested wire transfer services through to you directly, with no added fees or profits to us. This means these charges are subject to change and are not subject to a maximum. Currently, standard wire fees are $20, and international wire fees are $25.
Adjustments
The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the Contract Value is removed from an Index Account Option or from the Contract before the expiration of a specified period.
|
Adjustments
|
Maximum Adjustment
|
|||||||||||||
|
Market Value Adjustment Maximum Potential Loss1 (as a percentage of investment)
|
12.5% | |||||||||||||
1.A Market Value Adjustment may apply to amounts withdrawn, transferred or annuitized from the Fixed Account prior to the end of the selected Fixed Account Option period.
The next table describes the fees and expenses that you will pay each year during the time that you own the Contract (not including Fund fees and expenses). If you choose to purchase an add-on benefit, you will pay additional charges, as shown below.
Annual Contract Expenses
| Administrative Charges |
Maximum
Charge
|
||||
|
Annual Contract Maintenance Charge1
|
$35 | ||||
|
Base Contract Charges (% of average daily account value of Investment Divisions) |
Maximum
Charge
|
||||
|
Core Contract Charge2, 3
|
1.05% | ||||
1. This charge is waived on Contract Value of $50,000 or more. This charge is deducted proportionally from allocations to the Investment Divisions and the Fixed Account either annually (on your Contract Anniversary) or in conjunction with a total withdrawal, as applicable.
14
2. This charge is reduced to 0.95% if the Contract Value on the later of the Issue Date or the most recent Contract Quarterly Anniversary is greater than or equal to $1 million.
3. If the Contract Value Death Benefit option is elected, the Core Contract Charge is 0.95%. The charge is reduced to 0.85% if the Contract Value on the later of the Issue Date or the most recent Contract Quarterly Anniversary is greater than or equal to $1 million.
The next table describes the maximum charges that you will pay each year if you choose to purchase an add-on benefit.
Add-On Benefit Expenses
| Optional Benefit Charges |
Maximum
Charge
|
||||
|
Roll-up Guaranteed Minimum Death Benefit ("GMDB")1,2
|
1.80% | ||||
|
Highest Quarterly Anniversary Value Guaranteed Minimum Death Benefit1,2
|
0.60% | ||||
|
Combination Roll-up and Highest Quarterly Anniversary Value Guaranteed Minimum Death Benefit ("GMDB")1
|
2.00% | ||||
|
Flex DB1,2,7 (only available with specified benefit options on the Flex GMWB8),3
|
1.60% | ||||
|
For Life GMWB With Bonus and Step-Up to the Highest Quarterly Contract Value ("Flex GMWB") 1,4,5, 8
|
3.00% | ||||
|
Joint For Life GMWB With Bonus and Step-Up to the Highest Quarterly Contract Value ("Flex With Joint Option GMWB")1,4,6, 9
|
3.00% | ||||
1. This add-on benefit charge is expressed as a percentage of benefit base.
2. The charge is calculated based on the applicable percentage of the GMWB Death Benefit.
3. The maximum annual charges used in the table are based on election of the Flex Core benefit option.
4. The charges for all the add-on guaranteed minimum withdrawal benefits are calculated based on the applicable percentage of the GWB.
5. The maximum annual charges used in the table are based on election of the most expensive benefit option under the Flex GMWB. The Flex GMWB includes different benefit options you may elect, and each benefit option results in different charges.
6. The maximum annual charges used in the table are based on election of the most expensive benefit option under Flex with Joint Option GMWB. The Flex with Joint Option GMWB includes different benefit options you may elect, and each benefit option results in different charges.
7. Prior to August 28, 2023, Flex DB was called LifeGuard Freedom Flex DB.
8. Prior to August 28, 2023, Flex GMWB was called LifeGuard Freedom Flex GMWB.
9. Prior to August 28, 2023, Flex With Joint Option GMWB was called LifeGuard Freedom Flex With Joint Option GMWB.
The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract (before any fee waiver or expense reimbursement). The expenses are expressed as a percentage of average net assets of the Funds and may be higher or lower in the future. A complete list of Investment Options available under the Contract, including their annual expenses, may be found in Appendix A.
Annual Fund Expenses
| Minimum | Maximum | |||||||
| Expenses that are deducted from the Fund assets, including management and administration fees, distribution and/or service (12b-1) fees, and other expenses as of December 31, 2025. | 0.52% | 2.38% | ||||||
EXAMPLE
The table below is intended to help you compare the cost of investing in the Investment Divisions with the cost of investing in other annuity contracts that offer variable options. These costs include transaction expenses, annual Contract expenses and annual Fund expenses.
The Example assumes all Contract Value is allocated to the Investment Divisions. The Example does not reflect any Contract Adjustment. Your costs could differ from those shown below if you invest in Fixed Account Options.
15
The Example assumes that you invest $100,000 in the Investment Divisions for the time periods indicated. The Example also assumes that your investment has a 5% return each year, and assumes the most expensive combination of annual Fund expenses and add-on benefits available for an additional charge (using the maximum possible charge). Although your actual costs may be higher or lower, based on these assumptions your costs would be:
| If you take a total withdrawal of your Contract Value at the end of the applicable time period | If you annuitize at the end of the applicable time period |
If you do not take a total withdrawal of your Contract Value
|
|||||||||||||||||||||||||||||||||
| 1 Year | 3 Years | 5 Years | 10 Years | 1 Year* | 3 Years | 5 Years | 10 Years | 1 Year | 3 Years | 5 Years | 10 Years | ||||||||||||||||||||||||
| $16,795 | $30,538 | $43,717 | $71,218 | $16,795 | $24,038 | $38,717 | $71,218 | $8,295 | $24,038 | $38,717 | $71,218 | ||||||||||||||||||||||||
*Withdrawal charges apply to annuitizations occurring within one year of the Contract's Issue Date.
The example does not represent past or future expenses. Your actual costs may be higher or lower.
16
APPENDIX A
INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT
The following is a list of Funds (all Class A shares) available under the Contract, which is subject to change, as discussed in the prospectus. Certain broker-dealers selling the Contracts may limit the Investment Divisions that are available to their customers. You can find the prospectuses and other information about the Funds online at www.jackson.com/fund-literature.html. You can also request this information at no cost by calling 1-800-644-4565 or by sending an email request to [email protected].
The current expenses and performance information below reflects fees and expenses of the Funds, but does not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these charges were included. Each Fund's past performance is not necessarily an indication of future performance.
| Fund Type |
Fund and Manager* (and Sub-Adviser, if applicable) *The investment manager for each Fund is Jackson National Asset Management, LLC |
Current Expenses | Average Annual Total Returns (as of 12/31/25) | ||||||||||||||
|
1 year
|
5 year
|
10 year
|
|||||||||||||||
| Allocation |
JNL/American Funds Balanced Fund1
|
||||||||||||||||
|
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
|
0.90%2
|
15.48%
|
8.58%
|
9.14%
|
|||||||||||||
| Fixed Income |
JNL/American Funds Bond Fund of America Fund1
|
||||||||||||||||
|
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
|
0.82%2
|
6.77%
|
N/A
|
N/A
|
|||||||||||||
| Allocation |
JNL/American Funds Capital Income Builder Fund1
|
||||||||||||||||
|
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
|
0.95%2
|
19.86%
|
8.63%
|
N/A
|
|||||||||||||
|
International/ Global Equity |
JNL/American Funds Global Growth Fund1
|
||||||||||||||||
|
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
|
1.05%2
|
21.20%
|
7.84%
|
11.82%
|
|||||||||||||
| U.S. Equity |
JNL/American Funds Growth Fund1
|
||||||||||||||||
|
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
|
0.89%2
|
19.87%
|
13.03%
|
17.58%
|
|||||||||||||
| U.S. Equity |
JNL/American Funds Growth-Income Fund1
|
||||||||||||||||
|
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
|
0.91%2
|
17.64%
|
13.48%
|
13.48%
|
|||||||||||||
|
International/ Global Equity |
JNL/American Funds International Fund1
|
||||||||||||||||
|
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
|
1.11%2
|
26.25%
|
3.00%
|
6.58%
|
|||||||||||||
|
International/ Global Equity |
JNL/American Funds New World Fund1
|
||||||||||||||||
|
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
|
1.26%2
|
27.74%
|
4.86%
|
8.80%
|
|||||||||||||
| U.S. Equity |
JNL/American Funds® Washington Mutual Investors Fund1
|
||||||||||||||||
|
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
|
0.91%2
|
16.75%
|
13.43%
|
11.95%
|
|||||||||||||
| Alternative |
JNL Multi-Manager Alternative Fund
|
||||||||||||||||
|
(Boston Partners Global Investors, Inc.; DoubleLine Capital LP; First Pacific Advisors, LP; Kayne Anderson Rudnick Investment Management, LLC; Lazard Asset Management LLC; Loomis, Sayles & Company, L.P.; Westchester Capital Management, LLC
|
2.30%2
|
9.53%
|
4.22%
|
4.14%
|
|||||||||||||
|
International/ Global Equity |
JNL Multi-Manager Emerging Markets Equity Fund
|
||||||||||||||||
|
(GQG Partners LLC, Kayne Anderson Rudnick Investment Management, LLC; T. Rowe Price Associates, Inc. (Sub-Sub-Adviser: T. Rowe Price Hong Kong Limited); WCM Investment Management, LLC
|
1.22%
|
24.27%
|
1.67%
|
5.73%
|
|||||||||||||
A-1
| Fund Type |
Fund and Manager* (and Sub-Adviser, if applicable) *The investment manager for each Fund is Jackson National Asset Management, LLC |
Current Expenses | Average Annual Total Returns (as of 12/31/25) | ||||||||||||||
|
1 year
|
5 year
|
10 year
|
|||||||||||||||
| Fixed Income |
JNL Multi-Manager Floating Rate Income Fund
|
||||||||||||||||
|
(PPM America, Inc.; FIAM LLC)
|
0.95%
|
3.83%
|
4.67%
|
4.29%
|
|||||||||||||
| Allocation |
JNL Multi-Manager Global Small Cap Fund
|
||||||||||||||||
|
1.16%
|
14.20%
|
0.15%
|
6.89%
|
||||||||||||||
|
International/ Global Equity |
JNL Multi-Manager International Equity Fund
|
||||||||||||||||
|
(Causeway Capital Management LLC; Lazard Asset Management LLC; WCM Investment Management, LLC; William Blair Investment Management, LLC)
|
0.97%
|
23.50%
|
1.90%
|
5.17%
|
|||||||||||||
| U.S. Equity |
JNL Multi-Manager Mid Cap Fund
|
||||||||||||||||
|
(Champlain Investment Partners, LLC; Kayne Anderson Rudnick Investment Management, LLC; River Road Asset Management, LLC; Victory Capital Management Inc.)
|
1.06%
|
1.83%
|
4.90%
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL Multi-Manager Select Equity Fund
|
||||||||||||||||
|
(GQG Partners, LLC; River Road Asset Management, LLC; WCM Investment Management, LLC)
|
0.99%2
|
16.02%
|
N/A
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL Multi-Manager Small Cap Growth Fund
|
||||||||||||||||
|
(BAMCO, Inc.; Driehaus Capital Management, LLC; Granahan Investment Management, Inc.; Kayne Anderson Rudnick Investment Management, LLC; Segall Bryant & Hamill, LLC; WCM Investment Management, LLC)
|
0.98%
|
3.56%
|
-1.29%
|
9.41%
|
|||||||||||||
| U.S. Equity |
JNL Multi-Manager Small Cap Value Fund
|
||||||||||||||||
|
(Congress Asset Management Company, LLP; Cooke & Bieler, L.P.; Reinhart Partners, Inc.; River Road Asset Management, LLC; WCM Investment Management, LLC
|
1.07%
|
2.69%
|
8.00%
|
8.59%
|
|||||||||||||
| Allocation |
JNL Moderate ETF Allocation Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.83%
|
12.18%
|
4.18%
|
5.44%
|
|||||||||||||
| Allocation |
JNL Moderate Growth ETF Allocation Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.83%
|
14.60%
|
5.90%
|
7.22%
|
|||||||||||||
| Allocation |
JNL Growth ETF Allocation Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.85%
|
16.64%
|
7.58%
|
8.76%
|
|||||||||||||
| Allocation |
JNL/American Funds Moderate Allocation Fund
|
||||||||||||||||
|
0.97%
|
13.14%
|
N/A
|
N/A
|
||||||||||||||
| Allocation |
JNL/American Funds Moderate Growth Allocation Fund
|
||||||||||||||||
|
0.98%
|
16.29%
|
5.73%
|
8.10%
|
||||||||||||||
| Allocation |
JNL/American Funds Growth Allocation Fund
|
||||||||||||||||
|
0.99%
|
18.49%
|
7.52%
|
10.07%
|
||||||||||||||
| Allocation |
JNL/BlackRock Global Allocation Fund
|
||||||||||||||||
|
(BlackRock Investment Management, LLC; Sub-Sub-Advisers: BlackRock International Limited and BlackRock (Singapore) Limited)
|
1.06%
|
18.76%
|
6.07%
|
7.47%
|
|||||||||||||
| U.S. Equity |
JNL/BlackRock Large Cap Select Growth Fund
|
||||||||||||||||
|
(BlackRock Investment Management, LLC)
|
0.83%2
|
11.41%
|
10.41%
|
15.18%
|
|||||||||||||
|
International/ Global Equity |
JNL/DFA International Core Equity Fund
|
||||||||||||||||
|
(Dimensional Fund Advisors LP)
|
0.91%
|
35.29%
|
9.74%
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL/DFA U.S. Core Equity Fund
|
||||||||||||||||
|
(Dimensional Fund Advisors LP)
|
0.80%
|
15.09%
|
12.66%
|
13.16%
|
|||||||||||||
| U.S. Equity |
JNL/DFA U.S. Small Cap Fund
|
||||||||||||||||
|
(Dimensional Fund Advisors LP)
|
0.99%
|
7.01%
|
8.45%
|
9.52%
|
|||||||||||||
A-2
| Fund Type |
Fund and Manager* (and Sub-Adviser, if applicable) *The investment manager for each Fund is Jackson National Asset Management, LLC |
Current Expenses | Average Annual Total Returns (as of 12/31/25) | ||||||||||||||
|
1 year
|
5 year
|
10 year
|
|||||||||||||||
| Fixed Income |
JNL/DoubleLine® Core Fixed Income Fund
|
||||||||||||||||
|
(DoubleLine Capital LP)
|
0.78%
|
7.18%
|
0.07%
|
2.05%
|
|||||||||||||
| Fixed Income |
JNL/DoubleLine® Emerging Markets Fixed Income Fund
|
||||||||||||||||
|
(DoubleLine Capital LP)
|
1.08%
|
8.52%
|
1.66%
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL/DoubleLine® Shiller Enhanced CAPE® Fund
|
||||||||||||||||
|
(DoubleLine Capital LP)
|
0.99%
|
8.98%
|
8.23%
|
12.17%
|
|||||||||||||
| Fixed Income |
JNL/DoubleLine® Total Return Fund
|
||||||||||||||||
|
(DoubleLine Capital LP)
|
0.83%
|
7.59%
|
0.09%
|
1.65%
|
|||||||||||||
| Fixed Income |
JNL/Dreyfus Government Money Market Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.56%
|
3.78%
|
2.75%
|
1.67%
|
|||||||||||||
| U.S. Equity |
JNL/Fidelity Institutional AM® & JPMorgan Large Cap Growth Fund
|
||||||||||||||||
|
(FIAM LLC; J.P. Morgan Investment Management Inc.)
|
0.94%
|
9.05%
|
10.46%
|
N/A
|
|||||||||||||
| Fixed Income |
JNL/Fidelity Institutional AM® Total Bond Fund
|
||||||||||||||||
|
(FIAM LLC)
|
0.76%
|
7.49%
|
0.06%
|
2.09%
|
|||||||||||||
| Allocation |
JNL/Franklin Templeton Income Fund
|
||||||||||||||||
|
(Franklin Advisers, Inc.)
|
0.92%
|
12.00%
|
7.17%
|
7.11%
|
|||||||||||||
| U.S. Equity |
JNL/Goldman Sachs 4 Fund
|
||||||||||||||||
|
(Goldman Sachs Asset Management, L.P.)
|
0.70%
|
16.69%
|
13.95%
|
11.59%
|
|||||||||||||
|
International/ Global Equity |
JNL/GQG Emerging Markets Equity Fund
|
||||||||||||||||
|
(GQG Partners LLC)
|
1.34%
|
10.25%
|
2.64%
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL/Invesco Small Cap Growth Fund
|
||||||||||||||||
|
(Invesco Advisers, Inc.)
|
1.02%
|
6.17%
|
-0.73%
|
9.05%
|
|||||||||||||
| Alternative |
JNL/JPMorgan Hedged Equity Fund
|
||||||||||||||||
|
(J.P. Morgan Investment Management Inc.)
|
0.96%
|
7.04%
|
8.58%
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL/JPMorgan MidCap Growth Fund
|
||||||||||||||||
|
(J.P. Morgan Investment Management Inc.)
|
0.89%
|
8.08%
|
4.23%
|
12.15%
|
|||||||||||||
| Alternative |
JNL/JPMorgan Nasdaq® Hedged Equity Fund
|
||||||||||||||||
|
(J.P. Morgan Investment Management Inc.)
|
0.99%
|
8.83%
|
N/A
|
N/A
|
|||||||||||||
| Fixed Income |
JNL/JPMorgan U.S. Government & Quality Bond Fund
|
||||||||||||||||
|
(J.P. Morgan Investment Management Inc.)
|
0.69%
|
6.61%
|
-0.59%
|
1.45%
|
|||||||||||||
| U.S. Equity |
JNL/JPMorgan U.S. Value Fund
|
||||||||||||||||
|
(J.P. Morgan Investment Management Inc.)
|
0.89%
|
13.86%
|
11.97%
|
9.01%
|
|||||||||||||
|
International/ Global Equity |
JNL/Loomis Sayles Global Growth Fund
|
||||||||||||||||
|
(Loomis, Sayles & Company, L.P.)
|
0.99%
|
17.45%
|
8.85%
|
N/A
|
|||||||||||||
| Fixed Income |
JNL/Lord Abbett Short Duration Income Fund
|
||||||||||||||||
|
(Lord, Abbett & Co. LLC)
|
0.80%
|
5.84%
|
2.25%
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL/Mellon DowSM Index Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.65%
|
14.17%
|
10.85%
|
12.41%
|
|||||||||||||
|
International/ Global Equity |
JNL/Mellon Emerging Markets Index Fund3
|
||||||||||||||||
|
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)
|
0.75%2
|
30.92%
|
3.38%
|
7.55%
|
|||||||||||||
|
International/ Global Equity |
JNL/Mellon World Index Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.65%
|
20.79%
|
11.80%
|
11.75%
|
|||||||||||||
| U.S. Equity |
JNL/Mellon Nasdaq® 100 Index Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.63%
|
20.28%
|
14.58%
|
19.09%
|
|||||||||||||
A-3
| Fund Type |
Fund and Manager* (and Sub-Adviser, if applicable) *The investment manager for each Fund is Jackson National Asset Management, LLC |
Current Expenses | Average Annual Total Returns (as of 12/31/25) | ||||||||||||||
|
1 year
|
5 year
|
10 year
|
|||||||||||||||
| U.S. Equity |
JNL/Mellon S&P 500 Index Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.52%
|
17.28%
|
13.86%
|
14.24%
|
|||||||||||||
| U.S. Equity |
JNL/Mellon S&P 400 MidCap Index Fund3
|
||||||||||||||||
|
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)
|
0.56%2
|
6.90%
|
8.53%
|
10.13%
|
|||||||||||||
| U.S. Equity |
JNL/Mellon Small Cap Index Fund3
|
||||||||||||||||
|
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)
|
0.56%2
|
5.57%
|
6.74%
|
9.27%
|
|||||||||||||
|
International/ Global Equity |
JNL/Mellon International Index Fund3
|
||||||||||||||||
|
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)
|
0.61%2
|
31.50%
|
8.50%
|
7.85%
|
|||||||||||||
| Fixed Income |
JNL/Mellon Bond Index Fund3
|
||||||||||||||||
|
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)
|
0.58%2
|
6.67%
|
-0.95%
|
1.41%
|
|||||||||||||
| U.S. Equity |
JNL/Mellon U.S. Stock Market Index Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.61%
|
16.64%
|
12.68%
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL/MFS Equity Income Fund
|
||||||||||||||||
|
(Massachusetts Financial Services Company (d/b/a MFS Investment Management))
|
0.92%
|
15.31%
|
10.39%
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL/MFS Mid Cap Value Fund
|
||||||||||||||||
|
(Massachusetts Financial Services Company (d/b/a MFS Investment Management))
|
0.95%
|
6.01%
|
10.00%
|
9.52%
|
|||||||||||||
| U.S. Equity |
JNL/Morningstar SMID Moat Focus Index Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.76%
|
6.23%
|
N/A
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL/Morningstar U.S. Sustainability Index Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.71%
|
13.40%
|
12.44%
|
N/A
|
|||||||||||||
| Fixed Income |
JNL/Neuberger Berman Strategic Income Fund
|
||||||||||||||||
|
(Neuberger Berman Investment Advisers LLC)
|
0.95%
|
9.30%
|
3.00%
|
4.09%
|
|||||||||||||
| U.S. Equity |
JNL/Newton Equity Income Fund
|
||||||||||||||||
|
(Newton Investment Management North America, LLC)
|
0.86%
|
18.97%
|
16.19%
|
13.21%
|
|||||||||||||
| Fixed Income |
JNL/PIMCO Income Fund
|
||||||||||||||||
|
(Pacific Investment Management Company LLC)
|
0.99%
|
11.07%
|
3.40%
|
N/A
|
|||||||||||||
| Fixed Income |
JNL/PIMCO Real Return Fund
|
||||||||||||||||
|
(Pacific Investment Management Company LLC)
|
1.68%
|
7.82%
|
1.24%
|
3.14%
|
|||||||||||||
| Fixed Income |
JNL/PPM America Emerging Markets Debt Fund
|
||||||||||||||||
|
(PPM America, Inc.)
|
0.93%2
|
N/A
|
N/A
|
N/A
|
|||||||||||||
| Fixed Income |
JNL/PPM America High Yield Bond Fund
|
||||||||||||||||
|
(PPM America, Inc.)
|
0.76%
|
8.43%
|
4.27%
|
5.89%
|
|||||||||||||
| Fixed Income |
JNL/PPM America Investment Grade Credit Fund
|
||||||||||||||||
|
(PPM America, Inc.)
|
0.83%
|
7.20%
|
N/A
|
N/A
|
|||||||||||||
| Fixed Income |
JNL/PPM America Total Return Fund
|
||||||||||||||||
|
(PPM America, Inc.)
|
0.79%
|
6.75%
|
-0.26%
|
2.65%
|
|||||||||||||
| U.S. Equity |
JNL/RAFI® Multi-Factor U.S. Equity Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.67%
|
16.21%
|
12.43%
|
10.83%
|
|||||||||||||
| Allocation |
JNL/T. Rowe Price Capital Appreciation Fund
|
||||||||||||||||
|
(T. Rowe Price Associates, Inc.; Sub-Sub-Adviser: T. Rowe Price Investment Management, Inc.)
|
0.95%2
|
11.46%
|
9.00%
|
10.79%
|
|||||||||||||
A-4
| Fund Type |
Fund and Manager* (and Sub-Adviser, if applicable) *The investment manager for each Fund is Jackson National Asset Management, LLC |
Current Expenses | Average Annual Total Returns (as of 12/31/25) | ||||||||||||||
|
1 year
|
5 year
|
10 year
|
|||||||||||||||
| U.S. Equity |
JNL/T. Rowe Price Capital Appreciation Equity Fund
|
||||||||||||||||
|
(T. Rowe Price Associates, Inc.; Sub-Sub-Adviser: T. Rowe Price Investment Management, Inc.)
|
0.97%2
|
14.63%
|
N/A
|
N/A
|
|||||||||||||
| U.S. Equity |
JNL/T. Rowe Price Growth Stock Fund
|
||||||||||||||||
|
(T. Rowe Price Associates, Inc.)
|
0.83%2
|
15.26%
|
9.19%
|
14.06%
|
|||||||||||||
| U.S. Equity |
JNL/T. Rowe Price Mid-Cap Growth Fund
|
||||||||||||||||
|
(T. Rowe Price Associates, Inc.; Sub-Sub-Adviser: T. Rowe Price Investment Management, Inc.)
|
0.95%2
|
3.14%
|
3.52%
|
9.54%
|
|||||||||||||
| Fixed Income |
JNL/T. Rowe Price Short-Term Bond Fund
|
||||||||||||||||
|
(T. Rowe Price Associates, Inc.)
|
0.72%2
|
5.44%
|
1.91%
|
2.12%
|
|||||||||||||
| U.S. Equity |
JNL/T. Rowe Price Value Fund
|
||||||||||||||||
|
(T. Rowe Price Associates, Inc.)
|
0.85%2
|
12.00%
|
10.54%
|
10.56%
|
|||||||||||||
| Allocation |
JNL/Vanguard Moderate ETF Allocation Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.69%
|
11.75%
|
3.80%
|
N/A
|
|||||||||||||
| Allocation |
JNL/Vanguard Moderate Growth ETF Allocation Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.69%
|
14.14%
|
5.56%
|
N/A
|
|||||||||||||
| Allocation |
JNL/Vanguard Growth ETF Allocation Fund
|
||||||||||||||||
|
(Mellon Investments Corporation)
|
0.68%
|
16.06%
|
7.18%
|
N/A
|
|||||||||||||
|
International/ Global Equity |
JNL/WCM Focused International Equity Fund
|
||||||||||||||||
|
(WCM Investment Management, LLC)
|
1.10%
|
21.41%
|
4.80%
|
10.63%
|
|||||||||||||
|
Allocation
|
JNL/WMC Balanced Fund
|
||||||||||||||||
|
(Wellington Management Company LLP)
|
0.71%
|
15.69%
|
8.90%
|
9.27%
|
|||||||||||||
|
U.S. Equity
|
JNL/WMC Equity Income Fund
|
||||||||||||||||
|
(Wellington Management Company LLP)
|
0.89%
|
16.72%
|
12.08%
|
N/A
|
|||||||||||||
|
U.S. Equity
|
JNL/WMC Value Fund
|
||||||||||||||||
|
(Wellington Management Company LLP)
|
0.79%
|
14.67%
|
10.91%
|
9.80%
|
|||||||||||||
|
Allocation
|
JNL/JPMorgan Managed Conservative Fund
|
||||||||||||||||
|
(J.P. Morgan Investment Management Inc.)
|
1.16%
|
9.28%
|
1.92%
|
3.83%
|
|||||||||||||
|
Allocation
|
JNL/JPMorgan Managed Moderate Fund
|
||||||||||||||||
|
(J.P. Morgan Investment Management Inc.)
|
1.13%
|
10.83%
|
3.48%
|
5.67%
|
|||||||||||||
|
Allocation
|
JNL/JPMorgan Managed Moderate Growth Fund
|
||||||||||||||||
|
(J.P. Morgan Investment Management Inc.)
|
1.12%
|
12.26%
|
5.13%
|
7.50%
|
|||||||||||||
|
Allocation
|
JNL/JPMorgan Managed Growth Fund
|
||||||||||||||||
|
(J.P. Morgan Investment Management Inc.)
|
1.13%
|
13.92%
|
6.76%
|
9.47%
|
|||||||||||||
|
Allocation
|
JNL/JPMorgan Managed Aggressive Growth Fund
|
||||||||||||||||
|
(J.P. Morgan Investment Management Inc.)
|
1.15%
|
14.72%
|
7.60%
|
10.35%
|
|||||||||||||
|
Allocation
|
JNL Conservative Allocation Fund
|
||||||||||||||||
|
1.23%
|
9.29%
|
2.57%
|
4.13%
|
||||||||||||||
|
Allocation
|
JNL Moderate Allocation Fund
|
||||||||||||||||
|
1.22%
|
10.75%
|
4.10%
|
5.68%
|
||||||||||||||
|
Allocation
|
JNL Moderate Growth Allocation Fund
|
||||||||||||||||
|
1.21%
|
12.62%
|
5.36%
|
7.22%
|
||||||||||||||
|
Allocation
|
JNL Growth Allocation Fund
|
||||||||||||||||
|
1.19%
|
14.81%
|
6.38%
|
8.47%
|
||||||||||||||
| Allocation |
JNL Aggressive Growth Allocation Fund
|
||||||||||||||||
|
1.16%
|
15.62%
|
7.24%
|
9.35%
|
||||||||||||||
A-5
|
1
|
Capital Research and Management Company is the investment adviser of the master fund in which this feeder fund invests. Under the master-feeder fund structure, the feeder fund does not buy individual securities directly. Rather, the feeder fund invests all of its investment assets in a corresponding master fund, which invests directly in individual securities. | ||||
|
2
|
The Fund's current expenses reflect temporary fee reductions. | ||||
|
3
|
Mellon Investments Corporation is the investment sub-adviser of the master fund in which this feeder fund invests. Under the master-feeder fund structure, the feeder fund does not buy individual securities directly. Rather, the feeder fund invests all of its investment assets in a corresponding master fund, which invests directly in individual securities. | ||||
The following is a list of Fixed Account Options currently available under the Contract. We may change the features of the Fixed Account Options listed below, offer new Fixed Account Options, and terminate existing Fixed Account Options. We will provide you with written notice before doing so.
Note: If amounts are withdrawn from a Fixed Account Option before the end of its term, we may apply a Contract Adjustment. This may result in a significant reduction in your Contract Value.
| Name |
Term
|
Minimum Guaranteed Interest Rate
|
||||||
|
1-year Fixed Account Option
|
1 year
|
2.40%
|
||||||
The Fixed Account is not available if you have elected any of the following add-on death benefits:
•Roll-up GMDB,
•Combination Roll-up and Highest Quarterly Anniversary Value GMDB, or
•Flex DB (previously called LifeGuard Freedom Flex DB)
A-6
Back Cover Page
This summary prospectus incorporates by reference the Jackson Advantage® prospectus and Statement of Additional Information (SAI), both dated April 27, 2026, as amended or supplemented. The SAI may be obtained, free of charge, in the same manner as the prospectus.
Separate Account EDGAR contract identifier #C000218281
B-1
Jackson National Separate Account I published this content on April 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 27, 2026 at 15:34 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]