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have an annuity question?

Jackson National Perspective II Lifeguard Freedom 6 Net

Having the freedom and flexibility to control your savings and investments can help you to guide your portfolio towards your specific financial goals – both now and in the future. So, if you own the Jackson National Perspective II annuity – or you’re considering purchasing it – then you may be happy to learn that this annuity also comes with an additional, optional rider that can help you to offset the impact of a rising tax environment and to receive additional retirement income down the road.
The LifeGuard Freedom 6 Net Guaranteed Minimum Withdrawal Benefit (GMWB) can, according to Jackson National, “give investors the opportunity to offset their tax liability by increasing their available withdrawal amounts to generate more income.”

How the Product is Described by Jackson National

According to the Jackson National prospectus, the LifeGuard Freedom 6 Net is a Guaranteed Minimum Withdrawal Benefit (GMWB) that “guarantees the withdrawal of a minimum annual amount for the duration of the life of the owner, regardless of the performance of the underlying investment options.” Because of that, this benefit could work well for those who are seeking greater access to earnings, in order to provide more income when the contract performs well, yet without negatively impacting the guarantees.

Going Over the LifeGuard Freedom 6 Net Rider’s Fine Print

Although the Freedom 6 Net may sound appealing at first glance, it is important to take a look at the product’s “fine print,” as there can be a number of “exceptions” which could alter the performance, or that even can void the rider altogether. So, in order to be sure that you have all your ducks in a row and that you don’t step into a myriad of do’s and don’ts, we will lay out some of the key points here. First, as with most other optional annuity riders, the LifeGuard Freedom 6 Net GMWB has an additional charge – which is in addition to the other ongoing fees and expenses that are already incurred with this product. Plus, based on the legal information that is also provided in the prospectus, the GMWB will guarantee withdrawals during the annuity contract’s accumulation phase (i.e. before it starts to pay out an income stream). This guarantee will last for the duration of the annuity owner’s lifetime if the “For Life Guarantee” is in effect. (The For Life Guarantee is based on the life of the single owner, or the first owner to die if there are joint owners on the annuity). However, if the For Life Guarantee is in effect, it will be terminated if a withdrawal exceeds the permissible amounts and reduces the annuity contract to zero. Also, if the For Life Guarantee is not yet in effect, withdrawals that cause the contract value to reduce to zero will actually end up voiding the For Life Guarantee. Confused? We were too! In fact, even for well-informed consumers, the fine print that revolves around annuities and their related features can literally make you feel like you’re on an endless scavenger hunt when trying to piece together your benefits. This is why it can be helpful to obtain an unbiased opinion before moving forward with an annuity purchase.  

Have Any Additional Questions? Want to Get an Unbiased Look at How the LifeGuard Freedom 6 Net Really Works?

Although reading the small print on an annuity – or most any financial or insurance product – can allow you the opportunity to get a more balanced view of how it really works, if the information that you’re reading came from the financial or insurance company itself, then there is still a chance that the details may still paint the product in a nice, bright picture kind of way – regardless of whether or not the features will truly work for you. So, if you are still in need of information in terms of whether or not the Jackson National Perspective II annuity with its LifeGuard Freedom 6 Net GMWB is right for your specific needs, feel free to reach out to us and chat with one of our annuity experts. We will provide you with an unbiased opinion on how this product works, which in turn, can help you in taking the additional steps that may be needed to determine whether or not it belongs in your portfolio.
  Jackson National Perspective II
  • Mark Haapala
    9:42 PM, 10 October 2021

    I want to expand my portfolio from seven funds to 10 funds at 10%dividend.
    Around 8% or higher annually

  • Annuity Gator
    1:49 PM, 11 October 2021

    Hi Mark– Thank you for your message.
    We would be happy to assist with this. In order to best support you, we would need some additional information from you. Rather than sending the info back and forth via email, it would be best to discuss it by phone. Please feel free to contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visit
    We look forward to hearing from you.
    Annuity Gator

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