Document:

a7790-pbendorsement

  7790-PB             PERFORMANCE BOOST WITH BUFFER 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:     "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  Performance Boost 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.    PERFORMANCE BOOST CAP RATE (PBCR). The PBCR 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 PBCR is declared at  the beginning of the Index Account Option term. The Interim Value uses a prorated PBCR  based on the elapsed portion of the Index Account Option term. If the Performance Boost with  Buffer Crediting Method is elected, the declared PBCR(s) applicable on the Issue Date will be  reflected in the transaction confirmation statement sent to You.     PERFORMANCE BOOST RATE (PBR). The PBR is an Index Adjustment Factor that  represents the amount that will be added to the Index Return, expressed as a percentage, that  will increase the value of the Index Adjustment credited to the Index Account Option value (up to  the stated Performance Boost Cap Rate) at the end of each Index Account Option Term, if the  performance criteria are met. The PBR will be equal to the Buffer percentage. The PBR is  declared at the beginning of the Index Account Option term. The Interim Value uses a prorated  PBR based on the elapsed portion of the Index Account Option term. If the Performance Boost  with Buffer Crediting Method is elected, the declared PBR(s) applicable on the Issue Date will  be reflected in the transaction confirmation statement sent to You.     ENDORSEMENT  

 

  7790-PB 2  PERFORMANCE BOOST WITH BUFFER CREDITING METHOD. The Performance Boost 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 plus the PBR percentage up to a maximum of the PBCR Rate.  When the Index performance is zero or negative, but not in excess of the Buffer, it will result in  an Index Adjustment equal to the negative Index performance plus the PBR percentage up to a  maximum of the PBCR. Negative Index performance in excess of the Buffer percentage will  result in a negative Index Adjustment."    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:    Performance Boost with Buffer    Index Adjustment = IF (Pe– Pb) / Pb >= -B THEN = IAOV x MINIMUM [PBCR, (Pe– Pb) / Pb + PBR]  = IF (Pe– Pb) / Pb < -B THEN = IAOV x [(Pe– Pb) / Pb+ B]    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.   PBCR =        ×   × the PBCR declared at the beginning of the Index   Account Option term.   B =        ×   × the Buffer declared at the beginning of the Index   Account Option term.   PBR =        ×   × the PBR 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-PB 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.   PBCR = the PBCR declared at the beginning of the Index Account Option term.   B = the Buffer declared at the beginning of the Index Account Option term.    PBR = the PBR 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  Presidenta7790-sdatapages

  7790-S       SUPPLEMENTAL CONTRACT DATA PAGES     Please refer to the attached Crediting Method endorsements for further explanation of  values shown on these Supplemental Contract Data Pages.    Contract Number: [1234567890]     Issue Date: [June 1, 2023]    Index Account Options. Subject to availability.     Index choices of:  [S&P 500®]  [Russell 2000®]  [MSCI Emerging Markets]  [MSCI KLD 400 Social]  [MSCI EAFE]    Crediting Method and term choices of:    Term Buffer Selection* Floor Selection* Crediting Method  1-Year 10%, 20% 10% Cap   3-Year 10%, 20% N/A Cap  6-Year 10%, 20% N/A Cap   1-Year 10% N/A Performance Boost  3-Year 10% N/A Performance Boost  6-Year 10% N/A Performance Boost  1-Year 10% 10% Performance Trigger    [*Buffer and Floor selections cannot be chosen together with the same Index Account Option.]      

 

  7790-S 2  Guaranteed Minimum Index Adjustment Factors: The Index Adjustment Factors are  determined and guaranteed for each Index Account Option term. These guaranteed Minimum  Index Adjustment Factors apply for the life of the Contract.      [Cap Rate (CR):  The CR will never be less than [1.00% for the 1-year,] [1.50% for the 3-year,] and [2.00% for  the 6-year].]     [Index Participation Rate (IPR):  The IPR will never be less than [100%].]     [Performance Boost Cap Rate (PBCR):  The PBR will never be less than [1.00% for the 1-year,] [1.50% for the 3-year,] and [2.00%  for the 6-year].]     [Performance Trigger Rate (PTR):  The PTR will never be less than [1.00%].]     [Performance Boost Rate (PBR):  The PBR will never be less than [5.00%].]     [Buffer:  The Buffer will never be less than [5.00%].]     [Floor:  The Floor will never be more than [50.00%].]    Discontinuation of or Substantial Change to an Index. If an Index is discontinued or if the  calculation is changed substantially, the Company may substitute a comparable Index. The  Company will obtain approval from Your state insurance department and will notify You and any  assignee before using a substitute Index.   

 

  7790-S 3    Current Index Account Options:    These are the Index Account Options You elected, applicable to Your Contract. Please refer to Your  transaction confirmation statement sent on Your Issue Date for the declared rates applicable to Your  Premiums.    Term Index Crediting Method    Buffer /  Floor  Current  Rate  IPR  1-year S&P 500 Cap with Buffer 10% 1.00% 100%  1-year S&P 500 Cap with Buffer 20% 1.00% 100%  1-year S&P 500 Cap with Floor 10% 1.00% 100%  1-year S&P 500 Performance Trigger with Buffer 10% 1.00% N/A  1-year S&P 500 Performance Trigger with Floor 10% 1.00% N/A  1-year S&P 500 Performance Boost with Buffer 10% 1.00% N/A  3-year S&P 500 Cap with Buffer 10% 1.50% 100%  3-year S&P 500 Cap with Buffer 20% 1.50% 100%  3-year S&P 500 Performance Boost with Buffer 10% 1.50% N/A  6-year S&P 500 Cap with Buffer 10% 2.00% 100%  6-year S&P 500 Cap with Buffer 20% 2.00% 100%  6-year S&P 500 Performance Boost with Buffer 10% 2.00% N/A  1-year Russell 2000 Cap with Buffer 10% 1.00% 100%  1-year Russell 2000 Cap with Buffer 20% 1.00% 100%  1-year Russell 2000 Cap with Floor 10% 1.00% 100%  1-year Russell 2000 Performance Trigger with Buffer 10% 1.00% N/A  1-year Russell 2000 Performance Trigger with Floor 10% 1.00% N/A  1-year Russell 2000 Performance Boost with Buffer 10% 1.00% N/A  3-year Russell 2000 Cap with Buffer 10% 1.50% 100%  3-year Russell 2000 Cap with Buffer 20% 1.50% 100%  3-year Russell 2000 Performance Boost with Buffer 10% 1.50% N/A  6-year Russell 2000 Cap with Buffer 10% 2.00% 100%  6-year Russell 2000 Cap with Buffer 20% 2.00% 100%  6-year Russell 2000 Performance Boost with Buffer 10% 2.00% N/A  1-year MSCI Emerging Markets Cap with Buffer 10% 1.00% 100%  1-year MSCI Emerging Markets Cap with Buffer 20% 1.00% 100%  1-year MSCI Emerging Markets Cap with Floor 10% 1.00% 100%  1-year MSCI Emerging Markets Performance Trigger with Buffer 10% 1.00% N/A  1-year MSCI Emerging Markets Performance Trigger with Floor 10% 1.00% N/A  1-year MSCI Emerging Markets Performance Boost with Buffer 10% 1.00% N/A  3-year MSCI Emerging Markets Cap with Buffer 10% 1.50% 100%  3-year MSCI Emerging Markets Cap with Buffer 20% 1.50% 100%  3-year MSCI Emerging Markets Performance Boost with Buffer 10% 1.50% N/A  6-year MSCI Emerging Markets Cap with Buffer 10% 2.00% 100%  6-year MSCI Emerging Markets Cap with Buffer 20% 2.00% 100%  6-year MSCI Emerging Markets Performance Boost with Buffer 10% 2.00% N/A  1-year MSCI KLD 400 Social Cap with Buffer 10% 1.00% 100%  1-year MSCI KLD 400 Social Cap with Buffer 20% 1.00% 100%  1-year MSCI KLD 400 Social Cap with Floor 10% 1.00% 100%  1-year MSCI KLD 400 Social Performance Trigger with Buffer 10% 1.00% N/A  1-year MSCI KLD 400 Social Performance Trigger with Floor 10% 1.00% N/A  1-year MSCI KLD 400 Social Performance Boost with Buffer 10% 1.00% N/A  3-year MSCI KLD 400 Social Cap with Buffer 10% 1.50% 100%  3-year MSCI KLD 400 Social Cap with Buffer 20% 1.50% 100%  3-year MSCI KLD 400 Social Performance Boost with Buffer 10% 1.50% N/A  6-year MSCI KLD 400 Social Cap with Buffer 10% 2.00% 100%  6-year MSCI KLD 400 Social Cap with Buffer 20% 2.00% 100%  6-year MSCI KLD 400 Social Performance Boost with Buffer 10% 2.00% N/A  

 

  7790-S 4  Term Index Crediting Method    Buffer /  Floor  Current  Rate  IPR  1-year MSCI EAFE Cap with Buffer 10% 1.00% 100%  1-year MSCI EAFE Cap with Buffer 20% 1.00% 100%  1-year MSCI EAFE Cap with Floor 10% 1.00% 100%  1-year MSCI EAFE Performance Trigger with Buffer 10% 1.00% N/A  1-year MSCI EAFE Performance Trigger with Floor 10% 1.00% N/A  1-year MSCI EAFE Performance Boost with Buffer 10% 1.00% N/A  3-year MSCI EAFE Cap with Buffer 10% 1.50% 100%  3-year MSCI EAFE Cap with Buffer 20% 1.50% 100%  3-year MSCI EAFE Performance Boost with Buffer 10% 1.50% N/A  6-year MSCI EAFE Cap with Buffer 10% 2.00% 100%  6-year MSCI EAFE Cap with Buffer 20% 2.00% 100%  6-year MSCI EAFE Performance Boost with Buffer 10% 2.00% N/A

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