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  7790NY-CB   [2900 Westchester Avenue  Purchase, New York 10577]            CAP WITH BUFFER CREDITING METHOD    Thank you for choosing Jackson National Life Insurance Company of New York®, also  referred to as "the Company". This crediting method endorsement is made a part of the  Contract to which it is attached and is effective on the Issue Date. To the extent any  provisions contained in this endorsement are contrary to or inconsistent with those of  the Contract to which it is attached, the provisions of this endorsement will control. The  provisions of Your Contract remain in effect except where modified by this endorsement.    The Contract is revised as follows:    1) The following language is added to the DEFINITIONS of the Contract:     "BUFFER. The Buffer is an Index Adjustment Factor. The Buffer is the allowable decrease in  Index price before a negative Index Adjustment is credited to the Index Account Option value at  the end of the Index Account Option term, expressed as a percentage. The Interim Value uses a  prorated Buffer based on the elapsed portion of the Index Account Option term. If the Cap with  Buffer Crediting Method is elected, the declared Buffer percentage(s) applicable on the Issue  Date will be reflected in the transaction confirmation statement sent to You.    CAP RATE (CR). The CR is an Index Adjustment Factor that represents the maximum Index  Adjustment that will be credited to the Index Account Option at the end of each Index Account  Option term, expressed as a percentage. This limits the positive Index Adjustment that may be  credited to the Index Account Option. The CR is declared at the beginning of the Index Account  Option term. The Interim Value uses a prorated CR based on the elapsed portion of the Index  Account Option term. If the Cap with Buffer Crediting Method is elected, the declared CR(s)  applicable on the Issue Date will be reflected in the transaction confirmation statement sent to  You.     CAP WITH BUFFER CREDITING METHOD. The Cap with Buffer Crediting Method credits an  Index Adjustment to the Index Account Option value at the end of the Index Account Option  term based on the following Index performance criteria. When the Index performance is positive,  it will result in a positive Index Adjustment equal to the positive Index performance multiplied by  the Index Participation Rate up to a maximum of the Cap Rate. When the Index performance is  zero, it will result in an Index Adjustment of zero. Negative Index performance in excess of the  Buffer percentage will result in a negative Index Adjustment. ENDORSEMENT  





 






  7790NY-CB 2  INDEX PARTICIPATION RATE (IPR). The IPR is an Index Adjustment Factor. The IPR is the  percentage applied to any positive change in an underlying Index price over the initial Index  price of the Index Account Option term in the calculation of the Index Adjustment. The IPR is  declared at the beginning of the Index Account Option term. If the Cap with Buffer Crediting  Method is elected, the declared IPR(s) applicable on the Issue Date will be reflected in the  transaction confirmation statement sent to You."    2) The following language is added to the CONTRACT OPTION PROVISIONS of the Contract.    "Index-linked returns do not include the portion of returns generated by the underlying Index that  come from dividends. The Index Adjustment Factors used in determining the Index Adjustment  are not guaranteed and can be changed by the Company on any Index Account Option Term  Anniversary, subject to the guarantees in the Supplemental Contract Data pages. Any such  changes can affect the Index Adjustment.    The Index Adjustment is determined as follows:    Cap with Buffer    Index Adjustment = IF Pe– Pb >= 0, THEN = IAOV x MINIMUM [CR, IPR x (Pe– Pb) / Pb],   IF Pe– Pb < 0, THEN = IAOV x MINIMUM [(Pe– Pb) / Pb + B, 0]    During the Index Account Option term:     The Index Account Option value will be equal to the Interim Value. The Index Adjustment to the  Interim Value will be calculated according to the preceding formula using the following  definitions:    Pb = the Index price at the beginning of the Index Account Option term.   Pe = the Index price on the date the Interim Value is calculated.   IAOV = the greater of the Index Account Option value at the beginning of the Index  Account Option term, reduced for any Intra-Term Performance Locks and gross  partial withdrawals in the same proportion that the Interim Value was reduced on  the date of the Intra-Term Performance Lock or withdrawal, or zero.   CR =        ×   × the CR declared at the beginning of the Index   Account Option term.   B =        ×   × the Buffer declared at the beginning of the Index   Account Option term.  IPR = the IPR declared at the beginning of the Index Account Option term.     The Index Adjustment will be calculated by the Company based on the closing price of the Index  on the date the Interim Value is calculated.     





 






  7790NY-CB 3  Index Account Option Term Anniversary:    The Index Adjustment to the Index Account Option value will be calculated according to the  preceding formula using the following definitions:    Pb = the Index price at the beginning of the Index Account Option term.   Pe = the Index price on the Index Account Option Term Anniversary.   IAOV = the greater of the Index Account Option value at the beginning of the Index  Account Option term, reduced for any Intra-Term Performance Locks and gross  partial withdrawals in the same proportion that the Interim Value was reduced on  the date of the Intra-Term Performance Lock or withdrawal, or zero.   CR = the CR declared at the beginning of the Index Account Option term.   B = the Buffer declared at the beginning of the Index Account Option term.   IPR = the IPR declared at the beginning of the Index Account Option term.    The Index Adjustment will be calculated by the Company based on the closing price of the Index  for the applicable Index Account Option Term Anniversary."  Signed for the  Jackson National Life Insurance Company of New York  President