Because variable annuities like the Jackson Perspective II variable annuity include equity investments, these products are considered to be securities, and in turn, a prospectus must be provided to you by your financial advisor before you move forward with a purchase.
Why a Variable Annuity Prospectus is Important
If you’ve invested in equity related products in the past, then you are likely familiar with the fact that the prospectus that is affiliated with your purchase can be about as exciting to read as going to the dentist – and equally as painful!
However, being stuck in a financial product that you are not comfortable with – and that charges high surrender penalties if you want to get out of it – can be just as painful. This is especially true because an annuity can often times require a sizeable chunk of your overall retirement assets.
A variable annuity prospectus like the one that is affiliated with the Jackson Perspective II can outline all of the key details that you need regarding:
- How the product works
- The way in which your return is calculated
- Any fees that you will be charged – either on a recurring basis, such as administrative and investment management fees – as well as one-time charges such as the commission that goes to the advisor who sells you the annuity
- The list of investments that may be chosen (which are included on page 6 of the Perspective II annuity prospectus).
The prospectus will also include any updated information that you may need if there are changes made to the annuity, its underlying investment options, and/or the way in which you can receive your funds from the product.
As an example, the Jackson National Perspective II variable annuity prospectus includes updates that were included as of April 24, 2017.
These updates include funds that have been merged into the annuity that was not previously available. This, and other updated information, can also be obtained by reading page 164 of the prospectus, or by contacting Jackson National directly and requesting a copy of these details.
Need Additional Information About the Jackson National Perspective II Annuity?
Even though an annuity’s prospectus can provide you with a plethora of details about the product that you’re considering, by having to read through a document that can easily exceed 50 or 100 pages, you may find that you are even more confused after going through it.
If this is the case – or if by going over this information it has prompted even more questions or concerns – then please feel free to contact our annuity experts here via our secure contact form.
We will provide you with unbiased annuity advice about how the Jackson National Perspective II, or any other financial product, may or may not fit in with your particular financial needs and goals, both now and in the long term.