Jackson National Life Insurance Company has introduced 2 guaranteed minimum withdrawal benefit options for its Perspective variable annuity products.[@@]
The AutoGuard feature gives purchasers the ability to take out up to 5% of a designated value each year, regardless of market performance, according to Jackson National, Lansing, Mich. Automatic annual increases in the guaranteed value are available for the first 12 years.
The MarketGuard feature guarantees purchasers the ability to take annual withdrawals of up to 5%, but without providing increases in the amount of benefits guaranteed.
