National Life Group and ESI – along with the NYSE and NASDAQ – will be closed on Monday, June 19, 2023 in observance of Juneteenth National Independence Day. Please be aware that many (if not all) of our strategic partners will be closed that day as well. We will re-open Tuesday June 20th with normal business hours.
While Juneteenth may be a newly federally recognized holiday, people in cities and towns across the U.S. have celebrated June 19th for a century and a half as on June 19, 1865, enslaved African Americans in Galveston, Texas were told they were free. The announcement in Galveston put into effect the Emancipation Proclamation, which had been issued more than two and a half years earlier on January 1, 1863, by President Abraham Lincoln. In recognition of Juneteenth, to honor the struggle for, and the progress made toward racial equity, National Life and ESI are adding this federal holiday to our list of office-closed holidays going forward.
Thank you for all you do for National Life and the communities we live in.
An AssetMark Guide To Client Feedback A common question advisors ask us is, “How can I improve the client experience?” The answer to this question is quite simple, ask your clients. Soliciting client feedback is a win-win for financial advisors. Responses provide advisors with an assessment of how they are doing and allow them to nip potential problems in the bud. In addition, asking for feedback reassures clients that their satisfaction is important to the financial advisor. What should your advisors ask clients? Here are six example questions to help gather meaningful responses.
JACKSON MARKET LINK PRO® SUITE Explore our new RILAs Jackson® brings you our new registered index-linked annuity (RILA) contract, Jackson Market Link Pro® II—available June 5, 2023.
NEW ENHANCEMENTS
3-year Index Account Option term
Performance Boost* crediting method, which allows for crediting even in down markets
Intra-term and End-term Performance Locks, allowing flexibility to lock in gains
ADDITIONAL DETAILS
Single premium
No explicit fees or contract charges†
Additional crediting methods include: Cap and Performance Trigger*
Caps/rates up to 999%‡
Five available indexes that can be allocated in any combination
Offers both Floor(-10%) and Buffer (10%, 20%) partial downside protection options on any index selection, ensuring investment freedom†
A built-in Return of Premium death benefit, available at no additional cost, for issue ages 0 to 80 (contract value death benefit for issue ages 81 to 85)
Additional Index Account Option terms available, including 1- and 6- year options, as well as a 1-year Fixed Account
WANT MORE INFORMATION? Reach out to your Jackson® representative.
Bank and Financial Institution Representatives: 800/777-7900
Independent and Non-Bank Broker/Dealer Representatives: 800/711-JNLD (5653)
A registered index-linked annuity (RILA) is a long-term, tax-deferred vehicle designed for retirement. It is subject to investment risk, its value will fluctuate, and loss of principal is possible. A RILA, which is an insurance contract, allows you to choose how you want to prioritize growth opportunities while managing the amount of loss you may assume. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met.
* Not all crediting methods and/or protection options are available with all Index Account Option Terms.
† For Jackson Market Link Pro II, withdrawals made during the first six contract years will be subject to withdrawal charges. For Jackson Market Link Pro Advisory II, withdrawals made during the first six contract years will be subject to a market value adjustment. An Interim Value Calculation may apply.
‡ Caps/rates can range between 1% and 999% and may represent extraordinary returns which may not be achieved by the underlying index over the selected term. A cap of 999% represents the maximum potential crediting available on the contract and is dependent on the performance of the underlying index selected.
This material is authorized for use only when preceded or accompanied by the current contract prospectus. Before investing, investors should carefully consider the investment objectives and risks of the registered index-linked annuity. This and other important information are contained in the current contract prospectus at Jackson.com/ProspectusJMLP2 for the Jackson Market Link Pro II prospectus or Jackson.com/ProspectusJMLPA2 for the Jackson Market Link Pro Advisory II prospectus. Please read the prospectus carefully before investing or sending money.
Jackson, its distributors, and their respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Tax laws are complicated and subject to change. Tax results may depend on each taxpayer’s individual set of facts and circumstances. Clients should rely on their own independent advisors as to any tax, accounting, or legal statements made herein.
Impact of Withdrawals: Withdrawals before the end of a term are subject to an interim value adjustment. The interim value adjustment may have a positive or negative impact on the contract value at the end of the term, which may be significant.
For Jackson Market Link Pro® II, withdrawal charges will apply to withdrawals during the first six years of the contract, which will result in a reduced contract value. The withdrawal charge schedule is 8%, 8%, 7%, 6%, 5%, 4%, 0%.
For Jackson Market Link Pro® Advisory II, a market value adjustment (MVA) will be applied to certain amounts withdrawn or annuitized during the first six contract years. The MVA may result in an increase or decrease to amounts removed from the contract.
A market value adjustment (MVA) may apply to withdrawals from fixed index annuities and registered index-linked annuities. The MVA may result in an increase or decrease to amounts removed from the contract. Additionally, withdrawals from registered index-linked annuities may be subject to an interim value calculation. The interim value adjustment may have a positive or negative impact on the contract value at the end of the term, which may be significant.
Owners could see a substantial loss during an index period if the index declines more than the level of downside protection. If an owner does see a substantial loss during an index period, the owner may not be able to participate fully in a subsequent market recovery due to the capped upside potential in subsequent index periods.
Registered index-linked annuities (contract form numbers RILA290, RILA290-CB1, RILA292, RILA292-CB1, RILA295, RILA295-FB1, RILA297, RILA297-FB1) are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and are distributed by Jackson National Life Distributors LLC, member FINRA. May not be available in all states and state variations may apply. These products have limitations and restrictions. Contact Jackson for more information.
Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company. They are not backed by the broker/dealer from which this annuity contract is purchased, by the insurance agency from which this annuity contract is purchased or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of Jackson National Life Insurance Company.
Jackson® is the marketing name for Jackson Financial Inc. and Jackson National Life Insurance Company®.
This Product and Investment Updates email may be considered advertising under federal law. If you do not want to receive Product and Investment Updates email or other email from Jackson, click HERE to modify your Jackson email communication preferences. Please note that even if you elect to receive communications in a certain category, based on your licensing agreement with Jackson, you may not be permitted to receive those communications.
Jackson 300 Innovation Drive Franklin, TN 37067 Phone: 800/565-8797
Firm and state variations may apply. Additionally, products may not be available in all states. For institutional use only. Not for public distribution or use with retail investors.
Not FDIC/NCUA insured • May lose value • Not bank/CU guaranteed
Register for the Conference In 2023 ESI will hold our first ESI Business Development Conference, an in-person event that will immerse attendees in training, education, sales ideas, and networking sessions. Let’s take your business to the next level!
Dates and Location The Business Development Conference will be held August 27-29, 2023 at the Westin Alexandria Old Town, Virginia. The conference timeline is structured as follows:
Sunday, August 27 – Welcome Reception in the evening Monday, August 28 – Full day of sessions Tuesday, August 29 – Sessions until 3:00pm EST
Costs and Attendees There are no qualifications to attend this conference, but attendees will be responsible for their own travel and hotel costs. Note that we will be offering a reduced room rate, and ESI will cover expenses for dinner on 8/27, breakfast and lunch on 8/28, and breakfast and lunch on 8/29. If you choose to arrive early or stay a couple of days late, the reduced room rate will apply from 8/24/23 – 9/2/23.
The event has been developed for Reps who are still building their experience and investment knowledge, and are looking for operational, technology, sales, marketing, and practice management training. The conference is open to all ESI Reps, Office Managers, and Administrative Staff, and attendance will be limited to the first 100 registrants.
Strategic Partners and Technology Partners will be participating as well. We’ll provide you with a list of Partner attendees prior to the event so that you can come prepared with your product/technology questions or even schedule time ahead of the conference.
Register To reserve a spot, Register Here. You will be able to reserve a room at our discounted rate through the registration site, if preferred.
What Makes This Conference Different? ESI recognizes the hard work that goes into establishing and building your business; this conference is designed to help you accelerate that process. Many of the sessions are interactive, and you are strongly encouraged to bring your laptop in order to be able to fully participate.
Mainstage presentations and three consecutive “tracks” (note that attendees do not have to adhere to just one track):
Operations and Technology Track
Sales and Marketing Track
Practice Management Track
Below are examples of the types of sessions we’ll be offering. A final agenda will be released soon. – Practice Management Ideas to Build Your Business – Creating Your Marketing Plan: Increasing Sales and Engaging Clients – The Impact and Opportunities of a Low Interest Rate Environment – Docupace 101: Docupace for Beginners – Navigating Wealthscape: Key Functionality and Reporting to Help You Be More Efficient – Opportunities in the Business Owner Market – How to Generate Referrals – How to Avoid NIGO – Illuminations 101: Using the Platform to Build your Advisory Business – How to Make Technology Work for Your Business – Best Practice Roundtables/Rep panels
We are writing to inform you that we will be closing a group of our portfolios to new investors effective as of Friday, June 30, 2023. The following Morningstar® Managed PortfoliosSM* are impacted:
All-Cap Equity (80/20, 65/35, 50/50)
Capital Appreciation (80/20, 65/35, 50/50)
Dividend (80/20, 65/35, 50/50)
Dividend Non-MLP (80/20, 65/35, 50/50)
Equity Income (80/20, 65/35, 50/50)
Hare (80/20, 65/35, 50/50)
Hare Non-MLP (80/20, 65/35, 50/50)
Tortoise (80/20, 65/35, 50/50)
Tortoise Non-MLP (80/20, 65/35, 50/50)
Please log into your accounts to see a list of impacted portfolios. After login, click on the “Account” tab and “Show Accounts.”
Existing investors will still be able to continue to invest in the current portfolios. Any proposals that have been created prior to the soft close date of Friday, June 30, 2023, have either six months from the proposal create date or until Saturday, September 30, 2023, to convert the proposals into new accounts, whichever comes first.
For new accounts we recommend considering our Unified Managed Account (“UMA”) strategies. Morningstar Wealth’s UMA’s provide increased flexibility for clients and offers potential cost savings. If this is also a more attractive solution for your existing clients, we are happy to help facilitate a transfer of funds. Please contact our support line for further assistance at +1 877 626-3227 or contact your local Morningstar representative.
We appreciate the trust and confidence that you have placed in us, and we remain committed to delivering the highest level of service and support to our clients. If you have any questions or concerns, please do not hesitate to reach out to our team, who will be happy to assist you.
Thank you for your continued support. Best Regards,
Morningstar Managed PortfoliosSM are offered by the entities within Morningstar’s Investment Management group, which includes subsidiaries of Morningstar, Inc. that are authorized in the appropriate jurisdiction to provide consulting or advisory services in North America, Europe, Asia, Australia, and Africa. In the United States, Morningstar Managed Portfolios are offered by Morningstar Investment Services LLC or Morningstar Investment Management LLC, both registered investment advisers, as part of a discretionary investment advisory service or as model portfolios to third party advisory programs on a discretionary or non-discretionary basis. Morningstar® Managed PortfoliosSM offered by Morningstar Investment Services LLC or Morningstar Investment Management LLC are intended for citizens or legal residents of the United States or its territories and can only be offered by a registered investment adviser or investment adviser representative.
