a7790-cfendorsement






  7790-CF             CAP WITH FLOOR CREDITING METHOD    Thank you for choosing Jackson National Life Insurance Company®, 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:     "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 Floor 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 FLOOR CREDITING METHOD. The Cap with Floor 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 Index performance multiplied by the  Index Participation Rate up to a maximum of the Cap Rate. When the Index performance is  zero, the Index Adjustment will be zero. When the Index performance is negative, it will result in  a negative Index Adjustment equal to the negative Index performance up to a maximum of the  Floor percentage.    FLOOR. The Floor is an Index Adjustment Factor. The Floor is the maximum negative Index  Adjustment that will be credited to the Index Account Option value at the end of the Index  Account Option term, expressed as a percentage. The Interim Value uses the Floor declared at  the beginning of the Index Account Option term. If the Cap with Floor Crediting Method is  elected, the declared Floor percentage(s) applicable on the Issue Date will be reflected in the  transaction confirmation statement sent to You.  ENDORSEMENT  





 






  7790-CF 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 Floor 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 Floor    Index Adjustment = IF Pe– Pb >= 0, THEN = IAOV x MINIMUM [CR, IPR x (Pe– Pb) / Pb],   IF Pe– Pb < 0, THEN = IAOV x MAXIMUM [(Pe– Pb) / Pb, -FLOOR]    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.   FLOOR= the Floor 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.  





 






  7790-CF 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.   FLOOR= the Floor 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  President