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As Of Filer Filing For·On·As Docs:Size 4/25/13 Jnlny Separate Account I 485BPOS 4/29/13 4:25M → Jnlny Separate Account I ⇒ Perspective II (Single Share) (Contracts offered for sale on & after September 10, 2012) |
Document/Exhibit Description Pages Size 1: 485BPOS Post-Effective Amendment HTML 11.25M 4: EX-99.10 Miscellaneous Exhibit HTML 5K 2: EX-99.5B Miscellaneous Exhibit HTML 5K 3: EX-99.9 Miscellaneous Exhibit HTML 11K
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REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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Pre-Effective Amendment No.
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[ ]
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Post-Effective Amendment No. 1
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[X]
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and/or
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Amendment No. 306
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[X]
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Approximate Date of Proposed Public Offering:
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It is proposed that this filing will become effective (check appropriate box)
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[ ]
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immediately upon filing pursuant to paragraph (b)
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[X]
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on April 29, 2013 pursuant to paragraph (b)
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[ ]
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60 days after filing pursuant to paragraph (a)(1)
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[ ]
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on (date) pursuant to paragraph (a)(1).
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If appropriate, check the following box:
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[ ]
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this post-effective amendment designates a new effective date for a previously filed post-effective amendment
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Title of Securities Being Registered: the variable portion of Flexible Premium Fixed and Variable Deferred Annuity contracts
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Jackson of NY Service Center
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P.O. Box 3031 3
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Lansing, Michigan 48909-781 3
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1-800-599-5651
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• Not FDIC/NCUA insured • Not Bank/CU guaranteed • May lose value • Not a deposit • Not insured by any federal agency
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JNL Series Trust
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JNL/American Funds Blue Chip Income and Growth Fund
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JNL/Mellon Capital Bond Index Fund (formerly, JNL/Mellon Capital
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JNL/American Funds Global Bond Fund
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Management Bond Index Fund )
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JNL/American Funds Global Small Capitalization Fund
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JNL/Mellon Capital Dow Jones U.S. Contrarian Opportunities Index
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JNL/American Funds Growth-Income Fund
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Fund (formerly, JNL/Mellon Capital Management Dow Jones U.S.
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JNL/American Funds International Fund
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Contrarian Opportunities Index Fund )
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JNL/American Funds New World Fund
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JNL/Morgan Stanley Mid Cap Growth Fund
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JNL Institutional Alt 20 Fund
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JNL/Neuberger Berman Strategic Income Fund
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JNL Institutional Alt 35 Fund
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JNL/Oppenheimer Global Growth Fund
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JNL Institutional Alt 50 Fund
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JNL/PIMCO Real Return Fund
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JNL/American Funds® Balanced Allocation Fund
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JNL/PIMCO Total Return Bond Fund
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JNL/American Funds Growth Allocation Fund
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JNL/PPM America Floating Rate Income Fund
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JNL/BlackRock Commodity Securities Strategy Fund (formerly,
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JNL/PPM America High Yield Bond Fund
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JNL/BlackRock Commodity Securities Fund )
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JNL/PPM America Mid Cap Value Fund
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JNL/BlackRock Global Allocation Fund
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JNL/PPM America Small Cap Value Fund
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JNL/Brookfield Global Infrastructure Fund
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JNL/PPM America Value Equity Fund
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JNL/Capital Guardian Global Balanced Fund
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JNL/T. Rowe Price Established Growth Fund
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JNL/Capital Guardian Global Diversified Research Fund
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JNL/T. Rowe Price Mid-Cap Growth Fund
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JNL/DFA U.S. Core Equity Fund
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JNL/T. Rowe Price Short-Term Bond Fund
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JNL/Eagle SmallCap Equity Fund
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JNL/T. Rowe Price Value Fund
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JNL/Eastspring Investments Asia ex-Japan Fund
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JNL/UBS Large Cap Select Growth Fund
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JNL/Eastspring Investments China-India Fund
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JNL/WMC Balanced Fund
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JNL/Franklin Templeton Founding Strategy Fund
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JNL/WMC Money Market Fund
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JNL/Franklin Templeton Global Growth Fund
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JNL/WMC Value Fund
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JNL/Franklin Templeton Global Multisector Bond Fund
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JNL/S&P Competitive Advantage Fund
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JNL/Franklin Templeton Income Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/Franklin Templeton International Small Cap Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/Franklin Templeton Mutual Shares Fund
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JNL/S&P Total Yield Fund
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JNL/Franklin Templeton Small Cap Value Fund
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JNL/S&P 4 Fund
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JNL/Goldman Sachs Core Plus Bond
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JNL/S&P Managed Conservative Fund
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JNL/Goldman Sachs Mid Cap Value Fund
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JNL/S&P Managed Moderate Fund
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JNL/Goldman Sachs U.S. Equity Flex Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/Invesco Global Real Estate Fund
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JNL/S&P Managed Growth Fund
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JNL/Invesco International Growth Fund
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JNL/S&P Managed Aggressive Growth Fund
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JNL/Invesco Large Cap Growth Fund
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JNL Disciplined Moderate Fund
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JNL/Invesco Small Cap Growth Fund
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JNL Disciplined Moderate Growth Fund
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JNL/Ivy Asset Strategy Fund
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JNL Disciplined Growth Fund
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JNL/JPMorgan International Value Fund
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JNL/JPMorgan MidCap Growth Fund
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JNL Variable Fund LLC
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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JNL/Lazard Mid Cap Equity Fund
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JNL/Mellon Capital Nasdaq ® 25 Fund (formerly, JNL/Mellon Capital
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JNL/M&G Global Basics Fund
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Management Nasdaq® 25 Fund )
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JNL/M&G Global Leaders Fund
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JNL/Mellon Capital Value Line ® 30 Fund (formerly, JNL/Mellon
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JNL/Mellon Capital 10 x 10 Fund (formerly, JNL/Mellon Capital
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Capital Management Value Line® 30 Fund )
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Management 10 x 10 Fund )
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JNL/Mellon Capital Dow SM Dividend Fund (formerly, JNL/Mellon
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JNL/Mellon Capital Index 5 Fund (formerly, JNL/Mellon Capital
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Capital Management DowSM Dividend Fund )
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Management Index 5 Fund )
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JNL/Mellon Capital S&P ® 24 Fund (formerly, JNL/Mellon Capital
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JNL/Mellon Capital Emerging Markets Index Fund (formerly,
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Management S&P® 24 Fund )
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JNL/Mellon Capital Management Emerging Markets Index Fund )
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JNL/Mellon Capital S&P ® SMid 60 Fund (formerly, JNL/Mellon
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JNL/Mellon Capital European 30 Fund (formerly, JNL/Mellon Capital
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Capital Management S&P® SMid 60 Fund )
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Management European 30 Fund )
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JNL/Mellon Capital NYSE ® International 25 Fund (formerly,
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JNL/Mellon Capital Pacific Rim 30 Fund (formerly, JNL/Mellon
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JNL/Mellon Capital Management NYSE® International 25 Fund )
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Capital Management Pacific Rim 30 Fund )
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JNL/Mellon Capital 25 Fund (formerly, JNL/Mellon Capital
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JNL/Mellon Capital S&P 500 Index Fund (formerly, JNL/Mellon
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Management 25 Fund )
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Capital Management S&P 500 Index Fund )
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JNL/Mellon Capital Select Small-Cap Fund (formerly, JNL/Mellon
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JNL/Mellon Capital S&P 400 MidCap Index Fund (formerly,
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Capital Management Select Small-Cap Fund )
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JNL/Mellon Capital Management S&P 400 MidCap Index Fund )
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JNL/Mellon Capital JNL 5 Fund (formerly, JNL/Mellon Capital
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JNL/Mellon Capital Small Cap Index Fund (formerly, JNL/Mellon
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Management JNL 5 Fund )
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Capital Management Small Cap Index Fund )
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JNL/Mellon Capital JNL Optimized 5 Fund (formerly, JNL/Mellon
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JNL/Mellon Capital International Index Fund (formerly, JNL/Mellon
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Capital Management JNL Optimized 5 Fund )
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Capital Management International Index Fund )
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JNL/Mellon Capital VIP Fund (formerly, JNL/Mellon Capital
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Management VIP Fund )
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JNL/Mellon Capital Communications Sector Fund (formerly,
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JNL/Mellon Capital Healthcare Sector Fund (formerly, JNL/Mellon
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JNL/Mellon Capital Management Communications Sector Fund )
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Capital Management Healthcare Sector Fund )
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JNL/Mellon Capital Consumer Brands Sector Fund (formerly,
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JNL/Mellon Capital Oil & Gas Sector Fund (formerly, JNL/Mellon
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JNL/Mellon Capital Management Consumer Brands Sector Fund )
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Capital Management Oil & Gas Sector Fund )
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JNL/Mellon Capital Financial Sector Fund (formerly, JNL/Mellon
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JNL/Mellon Capital Technology Sector Fund (formerly, JNL/Mellon
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Capital Management Financial Sector Fund )
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Capital Management Technology Sector Fund )
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11
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15
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28
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130
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A-1
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B-1
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C-1
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D-1
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Accumulation Unit – a unit of measure we use to calculate the value in an Investment Division prior to the Income Date.
Annuitant – the natural person on whose life annuity payments for this Contract are based. The Contract allows for the naming of joint Annuitants. Any reference to the Annuitant includes any joint Annuitant.
Annuity Unit – a unit of measure we use in calculating the value of a variable annuity payment on and after the Income Date.
Beneficiary – the natural person or legal entity designated to receive any Contract benefits upon the Owner's death. The Contract allows for the naming of multiple Beneficiaries.
Business Day – each day that the New York Stock Exchange is open for business.
Completed Year – the succeeding twelve months from the date on which we receive a Premium payment. Completed Years specify the years from the date of receipt of the Premium and does not refer to Contract Years. If the Premium receipt date is on the Issue Date of the Contract then Completed Year 0-1 does not include the first Contract Anniversary. The first Contract Anniversary begins Completed Year 1-2 and each successive Completed Year begins with the Contract Anniversary of the preceding Contract Year and ends the day before the next Contract Anniversary.
If the Premium receipt date is other than the Issue Date or a subsequent Contract Anniversary, there is no correlation of the Contract Anniversary date and Completed Years. For example, if the Issue Date is January 15, 2014 and a Premium payment is received on February 28, 2014 then, although the first Contract Anniversary is January 15, 2015 , Completed Year 0-1 for that Premium payment would begin on February 28, 2014 and end on February 27, 2015
. Completed Year 1-2 for that Premium payment would begin on February 28, 2015 .
Contract – the individual deferred variable and fixed annuity contract and any optional endorsements you may have selected.
Contract Anniversary – each one-year anniversary of the Contract's Issue Date.
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Contract Enhancement – a credit that we will make to your Contract Value at the end of any Business Day in the first seven Contract Years (five Contract Years for the 2% Contract Enhancement) during which we receive a Premium payment. The Contract Enhancement endorsements available are the 2% Contract Enhancement endorsement, 3% Contract Enhancement endorsement, or 4% Contract Enhancement endorsement. The actual Contract Enhancement percentage applied to the Premium payment varies, depending upon which Contract Enhancement you have elected and the Contract Year in which you make your payment.
Contract Month – the period of time between consecutive monthly anniversaries of the Contract's Issue Date.
Contract Monthly Anniversary – each one-month anniversary of the Contract's Issue Date.
Contract Quarter – the period of time between consecutive three-month anniversaries of the Contract’s Issue Date.
Contract Quarterly Anniversary – each three-month anniversary of the Contract's Issue Date.
Contract Value – the sum of your allocations between the Contract's Fixed Account and Investment Divisions.
Contract Year – the succeeding twelve months from a Contract's Issue Date and every anniversary. The first Contract Year (Contract Year 0-1) starts on the Contract's Issue Date and extends to, but does not include, the first Contract Anniversary. Subsequent Contract Years start on an anniversary date and extend to, but do not include, the next anniversary date.
For example, if the Issue Date is January 15, 2014 , then the end of Contract Year 0-1 would be January 14, 2015 , and January 15, 2015 , which is the first Contract Anniversary, begins Contract Year 1-2.
Fixed Account – part of our General Account to which the Contract Value you allocate is guaranteed to earn a stated rate of return over the specified period.
Fund – a registered management investment company in which an Investment Division of the Separate Account invests.
General Account – the General Account includes all our assets, including any Contract Value allocated to the Fixed Account, which are available to our creditors.
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Good Order – when our administrative requirements, including all information, documentation and instructions deemed necessary by us, in our sole discretion, are met in order to issue a Contract or execute any requested transaction pursuant to the terms of the Contract.
Income Date – the date on which you begin receiving annuity payments.
Interest Rate Adjustment – an adjustment to the Contract Value allocated to the Fixed Account that is withdrawn, transferred, or annuitized before the end of the period.
Issue Date – the date your Contract is issued.
Investment Division – one of multiple variable options of the Separate Account to allocate your Contract's value, each of which exclusively invests in a different available Fund. The Investment Divisions are called variable because the return on investment is not guaranteed.
Jackson of NY, JNLNY, we, our, or us – Jackson National Life Insurance Company of New York. (We do not capitalize “we,” “our,” or “us” in the prospectus.)
Latest Income Date – the Contract Anniversary on or next following the date on which the owner attains age 95 under a non-qualified contract, or such earlier date as required by the applicable qualified plan, law or regulation.
Owner, you or your – the natural person or legal entity entitled to exercise all rights and privileges under the Contract. Usually, but not always, the Owner is the Annuitant. The Contract allows for the naming of joint owners. (We do not capitalize “you” or “your” in the prospectus.) Any reference to the Owner includes any joint Owner.
Premium(s) – considerations paid into the Contract by or on behalf of the Owner. The maximum aggregate Premium payments you may make without prior approval is $1 million. This maximum amount is subject to further limitations at any time on both initial and subsequent Premium payments.
Remaining Premium – the total Premium paid reduced by withdrawals that incur withdrawal and/or recapture charges, and withdrawals of Premiums that are no longer subject to withdrawal and/or recapture charges.
Required Minimum Distributions (RMDs) – For certain qualified contracts, the amount defined under the Internal Revenue Code as the minimum distribution requirement as applied to your Contract only. This definition excludes any withdrawal necessary to satisfy the minimum distribution requirements of the Internal Revenue Code if the Contract is purchased with contributions from a nontaxable transfer after the death of the owner of a qualified contract. Different rules apply for the MarketGuard Stretch GMWB as described in the “MarketGuard Stretch GMWB” section.
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Separate Account – JNLNY Separate Account I. The Separate Account is divided into sub-accounts generally referred to as Investment Divisions.
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Allocation Options
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The Contract makes available a Fixed Account and Investment Divisions for allocation of your Premium payments and Contract Value. For more information about the fixed options, please see “THE FIXED ACCOUNT” beginning on page 13. For more information about the Investment Divisions, please see “INVESTMENT DIVISIONS” beginning on page 15.
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Investment Purpose
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The Contract is intended to help you save for retirement or another long-term investment purpose. The Contract is designed to provide tax deferral on your earnings, if it is not issued under a qualified retirement plan. Qualified plans confer their own tax deferral. For more information, please see “TAXES” beginning on page 123.
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Free Look
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If you change your mind about having purchased the Contract, you may return it without penalty. There are conditions and limitations, including time limitations. For more information, please see “FREE LOOK” beginning on page 127.
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Purchases
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There are minimum and maximum Premium requirements. The Contract also has a Premium protection option, namely the Capital Protection Program. For more information, please see “PURCHASES” beginning on page 43.
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Withdrawals
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Before the Income Date, there are a number of ways to access your Contract Value, generally subject to a charge or adjustment, particularly during the early Contract Years. There are also a number of optional withdrawal benefits available. The Contract has a free withdrawal provision and waives the charges and adjustments in the event you may require extended care. For more information, please see “ACCESS TO YOUR MONEY” beginning on page 50.
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Income Payments
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There are a number of income options available. For more information, please see “INCOME PAYMENTS (THE INCOME PHASE)” beginning on page 117.
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Death Benefit
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The Contract has a death benefit that becomes payable if you die before the Income Date. Optional death benefits are also available. For more information, please see “DEATH BENEFIT” beginning on page 118.
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Contract Charges
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Various charges apply under the Contract as summarized in the “FEES AND EXPENSES TABLES’ below. If the Contract Value is insufficient to pay the charges under the Contract, the Contract will terminate without value, unless you are eligible for continued payments under a Guaranteed Minimum Withdrawal Benefit.
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Front-end Sales Load
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None
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Maximum Withdrawal Charge 1
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Percentage of Premium withdrawn, if applicable
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7%
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Maximum Contract Enhancement Recapture Charge 2
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Percentage of the corresponding Premiums withdrawn with a Contract Enhancement
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4%
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Maximum Premium Taxes 3
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Percentage of each Premium
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2%
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Transfer Charge 4
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Per transfer after 15 in a Contract Year
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$25
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Expedited Delivery Charge 5
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$22.50
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1
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The withdrawal charge is a schedule lasting seven Completed Years following each Premium as shown in the table below, and there is an optional withdrawal charge schedule (that is shorter) available, also shown in the table below:
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Withdrawal Charge (as a percentage of Premium payments)
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Completed Years Since Receipt Of Premium
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0-1
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1-2
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2-3
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3-4
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4-5
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5-6
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6-7
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7+
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Base
Schedule
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7%
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6%
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5%
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4%
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3%
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2%
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1%
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0
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Four -year*
Schedule
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6.5%
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5%
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3%
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2%
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0%
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0
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0
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0
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For more information on withdrawal charges, please see “Withdrawal Charge” under “Contract Charges” beginning on page 31.
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*In addition, an annual asset based charge of 0.40% is deducted in Contract Years 1-4. Premium will only be accepted in Contract Year 1.
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2
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For more information about recapture charges, please see “Contract Enhancement Recapture Charge” under “Contract Charges”, beginning on page 32.
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4
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We do not count transfers in conjunction with dollar cost averaging, earnings sweep, and automatic rebalancing.
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5
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For overnight delivery on Saturday; otherwise, the overnight delivery charge is $10 for withdrawals. We also charge $20 for wire transfers in connection with withdrawals.
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Base Contract
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Annual Contract Maintenance Charge 6
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$30
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Separate Account Annual Expenses
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Annual percentage of average daily account value of Investment Divisions
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Mortality And Expense Risk Charge
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1.25%
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Administration Charge 7
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0.15%
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Total Separate Account Annual Expenses for Base Contract
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1.40%
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Optional Endorsements - A variety of optional endorsements to the Contract are available. The optional endorsements listed below include endorsements and applicable charges for endorsements that were previously sold but are not currently available to be added to a new Contract. Please see the footnotes for additional information on the various optional endorsement charges.
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The following optional endorsement charges are based on average daily Contract Value in the Investment Divisions and are deducted daily as part of the calculation of the value of the Accumulation Units. You may select one from each grouping below8:
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4% Contract Enhancement Maximum Annual Charge (not currently offered as of October 15, 2012) 9
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0.56%
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3% Contract Enhancement Maximum Annual Charge (not currently offered as of October 15, 2012) 9
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0.42%
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2% Contract Enhancement Maximum Annual Charge (not currently offered as of October 15, 2012) 10
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0.395%
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Four-year Withdrawal Schedule Maximum Annual Charge11
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0.40%
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The following optional death benefit endorsement charges are based on either average daily Contract Value in the Investment Divisions (deducted daily as part of the calculation of the value of the Accumulation Units ) or on a benefit base and are indicated as such. Please see the footnotes for additional information on the various optional death benefit endorsement charges. You may select one of the available benefits listed below8:
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|||||||
|
Average Daily Contract Value in the Investment Divisions Based Charges
|
|||||||
|
Highest Anniversary Value Death Benefit Maximum Annual Charge 12
|
0.40%
|
||||||
|
Benefit Based Charges
|
|||||||
|
LifeGuard Freedom Flex DB NY (only available with a specified combination of Options for the LifeGuard Freedom Flex® GMWB)13
|
0.42%
|
||||||
|
The following optional endorsement charges are benefit based. Please see the footnotes for additional information on the various optional endorsement charges. You may select one of the available benefits listed below8:
|
|||||||
|
Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up Maximum Annual Charge (“SafeGuard Max®”) (no longer offered as of April 29, 2013) 14
|
1.20%
|
||||||
|
5% GMWB With Annual Step-Up Maximum Annual Charge (“AutoGuard 5SM”) 15
|
1.74%
|
||||||
|
6% GMWB With Annual Step-Up Maximum Annual Charge (“AutoGuard 6SM”) (no longer offered as of April 29, 2013) 16
|
2.04%
|
||||||
|
For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount Maximum Annual Charge (“LifeGuard Freedom 6 Net®”) 17
|
2.52 %
|
||||||
|
For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount Maximum Annual Charge (“LifeGuard Freedom 6 Net”) with Optional Income Upgrade Table
|
3.00 %
|
||||||
|
Joint For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount Maximum Annual Charge (“LifeGuard Freedom 6 Net® With Joint Option”) (no longer offered as of October 15, 2012) 18
|
3.00%
|
||||||
|
Joint For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount Maximum Annual Charge (“LifeGuard Freedom 6 Net With Joint Option”) with Optional Income Upgrade Table (no longer offered as of October 15, 212)
|
3.00%
|
||||||
|
For Life GMWB With Bonus and Step-Up Maximum Annual Charge (“LifeGuard Freedom Flex® GMWB”)19
|
2.52%
|
||
|
For Life GMWB With Bonus and Step-Up Maximum Annual Charge (“LifeGuard Freedom Flex GMWB”) with Optional Income Upgrade Table
|
3.00%
|
||
|
Joint For Life GMWB With Bonus and Step-Up Maximum Annual Charge (“LifeGuard Freedom Flex® With Joint Option GMWB”) (no longer offered as of October 15, 2012) 20
|
2.52%
|
||
|
Joint For Life GMWB With Bonus and Step-Up Maximum Annual Charge (“LifeGuard Freedom Flex With Joint Option GMWB”) with Optional Income Upgrade Table (no longer offered as of October 15, 2012)
|
3.00%
|
||
|
Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard StretchSM GMWB”)21
|
2.22%
|
||
|
6
|
This charge is waived on Contract Value of $50,000 or more. This charge is deducted proportionally from your allocations to the Fixed Account and Investment Divisions either annually (on your Contract Anniversary) or in conjunction with a total withdrawal, as applicable.
|
|
7
|
This charge is waived if the Contract Value on the later of the Issue Date or the most recent Contract Quarterly Anniversary is greater than or equal to $1 million. If your Contract Value subsequently drops below $1 million on the most recent Contract Quarterly Anniversary, the Administration Charge will be reinstated as of that date.
|
|
8
|
Some optional endorsements are only available to select when purchasing the Contract and once purchased cannot be canceled.
|
|
9
|
This charge lasts for the first seven Contract Years. While this charge will be imposed based upon the average daily net asset value of your allocations to the Investment Divisions, this charge will also be assessed against any amounts allocated to the Fixed Account by reducing credited rates, but not below the minimum guaranteed interest rate (assuming no withdrawals). For more information, please see “Contract Enhancement Charge” under “Contract Charges”, beginning on page 32.
|
|
10
|
This charge lasts for the first five Contract Years. While this charge will be imposed based upon the average daily net asset value of your allocations to the Investment Divisions, this charge will also be assessed against any amounts allocated to the Fixed Account by reducing credited rates, but not below the minimum guaranteed interest rate (assuming no withdrawals). For more information, please see “Contract Enhancement Charge” under “Contract Charges”, beginning on page 32.
|
|
12
|
The current charge is 0.25%, on an annual basis, of the average daily net asset value of your allocations to the Investment Divisions.
|
|
14
|
1.20% of the GWB is the maximum annual charge, which charge is payable monthly. The tables below have the maximum and current charges.
|
|
Annual Charge
|
Maximum
|
Current
|
|
1.20%
|
0.60%
|
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
15
|
1.74% of the GWB is the maximum annual charge, which charge is payable monthly. The tables below have the maximum and current charges.
|
|
5% GMWB With Annual Step-Up
|
||
|
Annual Charge
|
Maximum
|
Current
|
|
1.74%
|
0.87%
|
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
|
For more information about the charge for this endorsement, please see “5% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up” beginning on page 34. For more information about how the endorsement works, including how the GWB is calculated, please see “5% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up” beginning on page 58.
|
|
16
|
2.04% of the GWB is the maximum annual charge, which charge is payable monthly. The tables below have the maximum and current charges.
|
|
6% GMWB With Annual Step-Up
|
||
|
Annual Charge
|
Maximum
|
Current
|
|
2.04%
|
1.02%
|
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
|
For more information about the charge for this endorsement, please see “6% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up” beginning on page 35. For more information about how the endorsement works, including how the GWB is calculated, please see “6% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up” beginning on page 61.
|
|
17
|
2.52 % is the maximum annual charge, which charge is payable monthly. The tables below have the maximum and current charges.
|
|
For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount
GMWBS ISSUED ON OR AFTER APRIL 29, 2013
|
||
|
Annual Charge
|
Maximum
|
Current
|
|
2.52%
|
1.26%
|
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount
GMWBS ISSUED BEFORE APRIL 29, 2013
|
||
|
Annual Charge
|
Maximum
|
Current
|
|
2.22%
|
1.11%
|
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
18
|
3.00% of the GWB is the maximum annual charge, which charge is payable monthly. The tables below have the maximum and current charges.
|
|
Joint For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive
Withdrawal Amount |
||
|
Annual Charge
|
Maximum
|
Current
|
|
3.00%
|
1.56%
|
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
|
For more information about the charge for this endorsement (with and without the Optional Income Upgrade Table) , please see “Joint For Life GMWB Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount (with and without the Optional Income Upgrade Table) (“LifeGuard Freedom 6 Net with Joint Option”) Charge” beginning on page 37. For more information about how the endorsement works, including how the GWB is calculated, please see “Joint For Life GMWB Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount” beginning on page 76.
|
|
19
|
2.52% of the GWB is the maximum annual charge, which charge is payable monthly. The tables below have the maximum and current charges.
|
| LifeGuard Freedom Flex GMWB | ||
|
GMWBS ISSUED ON OR AFTER APRIL 29, 2013
|
||
|
Annual Charge
|
||
|
Options
|
Maximum
|
Current
|
|
5% Bonus and Annual Step-Up
|
2.04%
|
1.02%
|
|
6% Bonus and Annual Step-Up
|
2.22%
|
1.11%
|
|
7% Bonus and Annual Step-Up
|
2.52%
|
1.26%
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
|
|
LifeGuard Freedom Flex GMWB
GMWBS ISSUED BEFORE APRIL 29, 2013
|
||
|
Annual Charge
|
||
|
Options
|
Maximum
|
Current
|
|
5% Bonus and Annual Step-Up
|
1.80%
|
0.90%
|
|
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)
|
2.04%
|
1.02%
|
|
6% Bonus and Annual Step-Up
|
1.92%
|
0.96%
|
|
6% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)
|
2.22%
|
1.11%
|
|
7% Bonus and Annual Step-Up
|
2.22%
|
1.11%
|
|
7% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)
|
2.52%
|
1.26%
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
|
|
|
For more information about the charge for this endorsement (with and without the Optional Income Upgrade Table) , please see “For Life GMWB With Bonus and Step-Up (with and without the Optional Income Upgrade Table) (“LifeGuard Freedom Flex GMWB”) Charge” beginning on page 37. For more information about how the endorsement works, including how the GWB is calculated, please see “LifeGuard Freedom Flex GMWB” beginning on page 90.
|
|
20
|
2.52% of the GWB is the maximum annual charge, which charge is payable monthly. The tables below have the maximum and current charges.
|
|
LifeGuard Freedom Flex With Joint Option GMWB
|
||
|
Annual Charge
|
||
|
Maximum
|
Current
|
|
|
5% Bonus and Annual Step-Up
|
2.10%
|
1.05%
|
|
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value
|
2.52%
|
1.26%
|
|
6% Bonus and Annual Step-Up
|
2.52%
|
1.26%
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
|
|
|
For more information about the charge for this endorsement (with and without the Optional Income Upgrade Table) , please see “Joint For Life GMWB With Bonus and Step-Up (with and without the Optional Income Upgrade Table) (“LifeGuard Freedom Flex with Joint Option GMWB”) Charge” beginning on page 39. For more information about how the endorsement works, including how the GWB is calculated, please see “LifeGuard Freedom Flex GMWB With Joint Option” beginning on page 100.
|
|
21
|
2.22% of the GMWB Charge Base is the maximum annual charge, which charge is payable monthly. The tables below have the maximum and current charges.
|
|
MarketGuard Stretch GMWB
|
||
|
Annual Charge
|
Maximum
|
Current
|
|
2.22%
|
1.11%
|
|
|
Charge Basis
|
GMWB Charge Base
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
|
For more information about the charge for this endorsement, please see “Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard Stretch GMWB”) Charge” beginning on page 40. For more information about how the endorsement works, including how the GMWB Charge Base is calculated, please see “Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard Stretch GMWB”)” beginning on page 111.
|
|
Minimum: 0.57%
|
|
Maximum: 2. 24 %
|
|
Fund Operating Expenses
(As an annual percentage of
each Fund's average
daily net assets)
Fund Name
|
Management
and Admin Fee
|
Distribution
and/or Service
(12b-1) Fees
|
Other
Expenses
|
Acquired Fund
Fees and
Expenses
|
Total Annual
Fund Operating Expenses
|
Contractual
Fee Waiver
and/or Expense Reimbursement
|
Net Total
Annual Fund Operating
Expenses
|
|
JNL/American Funds® Blue Chip Income and Growth
|
1.26% A
|
0.25% A
|
0.02% A
|
0.00%
|
1.53% A
|
0.45% B
|
1.08% A,B
|
|
JNL/American Funds Global Bond
|
1.38% A
|
0.25% A
|
0.03% A
|
0.00%
|
1.66% A
|
0.55% B
|
1.11% A,B
|
|
JNL/American Funds Global Small Capitalization
|
1.61% A
|
0.25% A
|
0.04% A
|
0.00%
|
1.90% A
|
0.60% B
|
1.30% A,B
|
|
JNL/American Funds Growth-Income
|
1.12% A
|
0.25% A
|
0.02% A
|
0.00%
|
1.39% A
|
0.40% B
|
0.99% A,B
|
|
JNL/American Funds International
|
1.50% A
|
0.25% A
|
0.04% A
|
0.00%
|
1.79% A
|
0.55% B
|
1.24% A,B
|
|
JNL/American Funds New World
|
1.94% A
|
0.25% A
|
0.05% A
|
0.00%
|
2.24% A
|
0.80% B
|
1.44% A,B
|
|
JNL/DFA U.S. Core Equity
|
0.72%
|
0.20%
|
0.00%
|
0.01%
|
0.93%
|
0.12% C
|
0.81%
|
|
JNL/ T. Rowe Price Value
|
0.72%
|
0.20%
|
0.01%
|
0.00%
|
0.93%
|
0.01% C
|
0.92%
|
|
JNL/WMC Money Market
|
0.36%
|
0.20%
|
0.01%
|
0.00%
|
0.57%
|
0.32% D
|
0.25% D
|
|
Fund Operating Expenses
(As an annual percentage
of each Fund's average
daily net assets)
Fund Name
|
Management
and Admin Fee
|
Distribution
and/or Service
(12b-1) Fees
|
Acquired
Fund
Fees and
Expenses
|
Other
Expenses
|
Total Annual
Fund Operating Expenses |
|
JNL Institutional Alt 20
|
0.17%
|
0.00%
|
0.83%
|
0.00%
|
1.00%
|
|
JNL Institutional Alt 35
|
0.16%
|
0.00%
|
0.95%
|
0.01%
|
1.12%
|
|
JNL Institutional Alt 50
|
0.16%
|
0.00%
|
1.06%
|
0.00%
|
1.22%
|
|
JNL/American Funds Balanced Allocation
|
0.45%
|
0.25%
|
0.48%
|
0.00%
|
1.18%
|
|
JNL/American Funds Growth Allocation
|
0.45%
|
0.25%
|
0.50%
|
0.00%
|
1.20%
|
|
JNL/BlackRock Commodity Securities Strategy
|
0.77%
|
0.20%
|
0.01%
|
0.01%
|
0.99%
|
|
JNL/BlackRock Global Allocation
|
0.89%
|
0.20%
|
0.01%
|
0.01%
|
1.11%
|
|
JNL/Brookfield Global Infrastructure
|
0.95%
|
0.20%
|
0.01%
|
0.00%
|
1.16%
|
|
JNL/Capital Guardian Global Balanced
|
0.80%
|
0.20%
|
0.01%
|
0.01%
|
1.02%
|
|
JNL/Capital Guardian Global Diversified Research
|
0.87%
|
0.20%
|
0.01%
|
0.01%
|
1.09%
|
|
JNL/Eagle SmallCap Equity
|
0.78%
|
0.20%
|
0.00%
|
0.00%
|
0.98%
|
|
JNL/Eastspring Investments Asia ex-Japan
|
1.05%
|
0.20%
|
0.00%
|
0.02%
|
1.27%
|
|
JNL/Eastspring Investments China-India
|
1.10%
|
0.20%
|
0.00%
|
0.01%
|
1.31%
|
|
JNL/Franklin Templeton Founding Strategy
|
0.05%
|
0.00%
|
1.03%
|
0.00%
|
1.08%
|
|
JNL/Franklin Templeton Global Growth
|
0.84%
|
0.20%
|
0.01%
|
0.01%
|
1.06%
|
|
JNL/Franklin Templeton Global Multisector Bond
|
0.90%
|
0.20%
|
0.03%
|
0.00%
|
1.13%
|
|
JNL/Franklin Templeton Income
|
0.73%
|
0.20%
|
0.02%
|
0.01%
|
0.96%
|
|
JNL/Franklin Templeton International Small Cap Growth
|
1.10%
|
0.20%
|
0.01%
|
0.00%
|
1.31%
|
|
JNL/Franklin Templeton Mutual Shares
|
0.83%
|
0.20%
|
0.02%
|
0.01%
|
1.06%
|
|
JNL/Franklin Templeton Small Cap Value
|
0.90%
|
0.20%
|
0.02%
|
0.00%
|
1.12%
|
|
JNL/Goldman Sachs Core Plus Bond
|
0.67%
|
0.20%
|
0.03%
|
0.01%
|
0.91%
|
|
JNL/Goldman Sachs Mid Cap Value
|
0.81%
|
0.20%
|
0.01%
|
0.00%
|
1.02%
|
|
JNL/Goldman Sachs U.S. Equity Flex
|
0.95%
|
0.20%
|
0.01%
|
0.98%
|
2.14%
|
|
JNL/Invesco Global Real Estate
|
0.85%
|
0.20%
|
0.01%
|
0.00%
|
1.06%
|
|
JNL/Invesco International Growth
|
0.80%
|
0.20%
|
0.02%
|
0.00%
|
1.02%
|
|
JNL/Invesco Large Cap Growth
|
0.76%
|
0.20%
|
0.01%
|
0.00%
|
0.97%
|
|
JNL/Invesco Small Cap Growth
|
0.95%
|
0.20%
|
0.01%
|
0.00%
|
1.16%
|
|
JNL/Ivy Asset Strategy
|
1.01%
|
0.20%
|
0.01%
|
0.00%
|
1.22%
|
|
JNL/JPMorgan International Value
|
0.80%
|
0.20%
|
0.00%
|
0.01%
|
1.01%
|
|
JNL/JPMorgan MidCap Growth
|
0.77%
|
0.20%
|
0.01%
|
0.00%
|
0.98%
|
|
JNL/JPMorgan U.S. Government & Quality Bond
|
0.48%
|
0.20%
|
0.01%
|
0.00%
|
0.69%
|
|
Fund Operating Expenses
(As an annual percentage
of each Fund's average
daily net assets)
Fund Name
|
Management
and Admin Fee
|
Distribution
and/or Service
(12b-1) Fees
|
Acquired
Fund Fees and
Expenses |
Other
Expenses
|
Total Annual
Fund Operating
Expenses |
|
JNL/Lazard Mid Cap Equity
|
0.81%
|
0.20%
|
0.01%
|
0.00%
|
1.02%
|
|
JNL/M&G Global Basics
|
1.00%
|
0.20%
|
0.00%
|
0.00%
|
1.20%
|
|
JNL/M&G Global Leaders
|
1.00%
|
0.20%
|
0.00%
|
0.00%
|
1.20%
|
|
JNL/Mellon Capital Emerging Markets Index
|
0.55%
|
0.20%
|
0.01%
|
0.04%
|
0.80%
|
|
JNL/Mellon Capital European 30
|
0.57%
|
0.20%
|
0.00%
|
0.00%
|
0.77%
|
|
JNL/Mellon Capital Pacific Rim 30
|
0.54%
|
0.20%
|
0.00%
|
0.01%
|
0.75%
|
|
JNL/Mellon Capital S&P 500 Index
|
0.35%
|
0.20%
|
0.01%
|
0.03%
|
0.59%
|
|
JNL/Mellon Capital S&P 400 MidCap Index
|
0.37%
|
0.20%
|
0.01%
|
0.02%
|
0.60%
|
|
JNL/Mellon Capital Small Cap Index
|
0.36%
|
0.20%
|
0.00%
|
0.02%
|
0.58%
|
|
JNL/Mellon Capital International Index
|
0.41%
|
0.20%
|
0.00%
|
0.04%
|
0.65%
|
|
JNL/Mellon Capital Bond Index
|
0.36%
|
0.20%
|
0.01%
|
0.00%
|
0.57%
|
|
JNL/Mellon Capital Dow Jones U.S. Contrarian Opportunities Index
|
0.48%
|
0.20%
|
0.00%
|
0.02%
|
0.70%
|
|
JNL/Mellon Capital Index 5
|
0.05%
|
0.00%
|
0.59%
|
0.00%
|
0.64%
|
|
JNL/Mellon Capital 10 x 10
|
0.05%
|
0.00%
|
0.62%
|
0.00%
|
0.67%
|
|
JNL/Morgan Stanley Mid Cap Growth
|
0.90%
|
0.20%
|
0.02%
|
0.01%
|
1.13%
|
|
JNL/Neuberger Berman Strategic Income
|
0.75%
|
0.20%
|
0.06%
|
0.00%
|
1.01%
|
|
JNL/Oppenheimer Global Growth
|
0.80%
|
0.20%
|
0.00%
|
0.01%
|
1.01%
|
|
JNL/PIMCO Real Return
|
0.58%
|
0.20%
|
0.00%
|
0.07%
|
0.85%
|
|
JNL/PIMCO Total Return Bond
|
0.60%
|
0.20%
|
0.00%
|
0.00%
|
0.80%
|
|
JNL/PPM America Floating Rate Income
|
0.80%
|
0.20%
|
0.01%
|
0.00%
|
1.01%
|
|
JNL/PPM America High Yield Bond
|
0.54%
|
0.20%
|
0.01%
|
0.00%
|
0.75%
|
|
JNL/PPM America Mid Cap Value
|
0.85%
|
0.20%
|
0.00%
|
0.01%
|
1.06%
|
|
JNL/PPM America Small Cap Value
|
0.85%
|
0.20%
|
0.00%
|
0.01%
|
1.06%
|
|
JNL/PPM America Value Equity
|
0.65%
|
0.20%
|
0.00%
|
0.01%
|
0.86%
|
|
JNL/T. Rowe Price Established Growth
|
0.66%
|
0.20%
|
0.00%
|
0.01%
|
0.87%
|
|
JNL/T. Rowe Price Mid-Cap Growth
|
0.80%
|
0.20%
|
0.00%
|
0.01%
|
1.01%
|
|
JNL/T. Rowe Price Short-Term Bond
|
0.51%
|
0.20%
|
0.00%
|
0.00%
|
0.71%
|
|
JNL/UBS Large Cap Select Growth
|
0.77%
|
0.20%
|
0.01%
|
0.00%
|
0.98%
|
|
JNL/WMC Balanced
|
0.54%
|
0.20%
|
0.01%
|
0.00%
|
0.75%
|
|
JNL/WMC Value
|
0.58%
|
0.20%
|
0.00%
|
0.00%
|
0.78%
|
|
JNL/S&P Managed Conservative
|
0.15%
|
0.00%
|
0.84%
|
0.00%
|
0.99%
|
|
JNL/S&P Managed Moderate
|
0.14%
|
0.00%
|
0.87%
|
0.00%
|
1.01%
|
|
JNL/S&P Managed Moderate Growth
|
0.14%
|
0.00%
|
0.91%
|
0.00%
|
1.05%
|
|
JNL/S&P Managed Growth
|
0.14%
|
0.00%
|
0.94%
|
0.00%
|
1.08%
|
|
JNL/S&P Managed Aggressive Growth
|
0.16%
|
0.00%
|
0.96%
|
0.00%
|
1.12%
|
|
JNL Disciplined Moderate
|
0.17%
|
0.00%
|
0.75%
|
0.00%
|
0.92%
|
|
JNL Disciplined Moderate Growth
|
0.17%
|
0.00%
|
0.72%
|
0.00%
|
0.89%
|
|
JNL Disciplined Growth
|
0.18%
|
0.00%
|
0.70%
|
0.00%
|
0.88%
|
|
JNL/S&P Competitive Advantage
|
0.49%
|
0.20%
|
0.00%
|
0.00%
|
0.69%
|
|
JNL/S&P Dividend Income & Growth
|
0.47%
|
0.20%
|
0.00%
|
0.00%
|
0.67%
|
|
JNL/S&P Intrinsic Value
|
0.49%
|
0.20%
|
0.00%
|
0.00%
|
0.69%
|
|
JNL/S&P Total Yield
|
0.50%
|
0.20%
|
0.00%
|
0.00%
|
0.70%
|
|
JNL/S&P 4
|
0.05%
|
0.00%
|
0.69%
|
0.00%
|
0.74%
|
|
JNL/Mellon Capital Nasdaq ® 25
|
0.44%
|
0.20%
|
0.00%
|
0.05%
|
0.69%
|
|
JNL/Mellon Capital Value Line ® 30
|
0.44%
|
0.20%
|
0.00%
|
0.10%
|
0.74%
|
|
JNL/Mellon Capital Dow SM Dividend
|
0.44%
|
0.20%
|
0.00%
|
0.03%
|
0.67%
|
|
JNL/Mellon Capital S&P ® 24
|
0.44%
|
0.20%
|
0.00%
|
0.02%
|
0.66%
|
|
JNL/Mellon Capital 25
|
0.44%
|
0.20%
|
0.00%
|
0.00%
|
0.64%
|
|
JNL/Mellon Capital Select Small-Cap
|
0.45%
|
0.20%
|
0.00%
|
0.00%
|
0.65%
|
|
JNL/Mellon Capital JNL 5
|
0.42%
|
0.20%
|
0.00%
|
0.02%
|
0.64%
|
|
JNL/Mellon Capital VIP
|
0.45%
|
0.20%
|
0.00%
|
0.03%
|
0.68%
|
|
JNL/Mellon Capital JNL Optimized 5
|
0.44%
|
0.20%
|
0.00%
|
0.04%
|
0.68%
|
|
JNL/Mellon Capital S&P ® SMid 60
|
0.44%
|
0.20%
|
0.00%
|
0.02%
|
0.66%
|
|
JNL/Mellon Capital NYSE ® International 25
|
0.53%
|
0.20%
|
0.00%
|
0.05%
|
0.78%
|
|
JNL/Mellon Capital Communications Sector
|
0.48%
|
0.20%
|
0.00%
|
0.02%
|
0.70%
|
|
JNL/Mellon Capital Consumer Brands Sector
|
0.46%
|
0.20%
|
0.00%
|
0.02%
|
0.68%
|
|
JNL/Mellon Capital Financial Sector
|
0.45%
|
0.20%
|
0.00%
|
0.03%
|
0.68%
|
|
JNL/Mellon Capital Healthcare Sector
|
0.44%
|
0.20%
|
0.00%
|
0.03%
|
0.67%
|
|
JNL/Mellon Capital Oil & Gas Sector
|
0.43%
|
0.20%
|
0.00%
|
0.03%
|
0.66%
|
|
Fund Operating Expenses
(As an annual percentage
of each Fund's average
daily net assets)
Fund Name
|
Management
and Admin Fee |
Distribution
and/or Service
(12b-1) Fees
|
Acquired
Fund Fees and
Expenses |
Other
Expenses
|
Total Annual
Fund Operating
Expenses |
|
JNL/Mellon Capital Technology Sector
|
0.44%
|
0.20%
|
0.00%
|
0.03%
|
0.67%
|
|
A
|
Fees and expenses at the Master Fund level for Class 1 shares of each respective Fund are as follows:
|
|
|
JNL/American Funds Blue Chip Income and Growth Fund: Management Fee: 0.41%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.02%; Total Annual Portfolio Operating Expenses: 0.43%.
|
|
|
JNL/American Funds Global Bond Fund: Management Fee: 0.53%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.03%; Total Annual Portfolio Operating Expenses: 0.56%.
|
|
|
JNL/American Funds Global Small Capitalization Fund: Management Fee: 0.71%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.04%; Total Annual Portfolio Operating Expenses: 0.75%.
|
|
|
JNL/American Funds Growth-Income Fund: Management Fee: 0.27%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.02%; Total Annual Portfolio Operating Expenses: 0.29%.
|
|
|
JNL/American Funds International Fund: Management Fee: 0.49%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.05%; Total Annual Portfolio Operating Expenses: 0.54%.
|
|
|
JNL/American Funds New World Fund: Management Fee: 0.73%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.06%; Total Annual Portfolio Operating Expenses: 0.79%.
|
|
B
|
JNAM has entered into a contractual agreement with the Fund under which it will waive a portion of its advisory fee for such time as the Fund is operated as a Feeder Fund, because during that time it will not be providing the portfolio management portion of the investment advisory and management services. This fee waiver will generally continue as long as the Fund is part of a master-feeder Fund structure, but in any event, the fee waiver will continue for at least one year from the date of this Prospectus, unless the Board of Trustees approves a change in or elimination of the waiver. This fee waiver is subject to yearly review and approval by the Board of Trustees. The Management and Admin Fee and the Annual Operating Expense columns in this table reflect the inclusion of the contractual fee waivers.
|
|
C
|
JNAM has entered into a contractual agreement with the Fund under which it will waive a portion of its advisory fee for at least one year from the date of this Prospectus. Thereafter, the waiver will automatically renew for one-year terms unless the Adviser provides written notice of the termination of the agreement to the Board of Trustees within 30 days of the end of the then current term.
|
|
D
|
JNAM has contractually agreed to waive fees and reimburse expenses of the Fund to the extent necessary to limit the total operating expenses of each class of shares of the Fund, exclusive of brokerage costs, interest, taxes and dividend and extraordinary expenses, to an annual rate (as a percentage of the average daily net assets of the Fund) equal to or less than the Fund’s investment income for the period. The fee waiver will continue for at least one year from the date of this Prospectus, unless the Board of Trustees approves a change in or elimination of the waiver. This fee waiver is subject to yearly review and approval by the Board of Trustees.
|
|
1 year
|
3 years
|
5 years
|
10 years
|
|
$1,76 6
|
$2,91 9
|
$4,0 71
|
$6, 849
|
|
1 year
|
3 years
|
5 years
|
10 years
|
|
$1,76 6
|
$2,61 9
|
$4,0 71
|
$6, 849
|
|
1 year
|
3 years
|
5 years
|
10 years
|
|
$81 6
|
$2,3 69
|
$3, 821
|
$6, 849
|
|
●
|
our Fixed Account, as may be made available by us, or as may be otherwise limited by us, or to
|
|
●
|
Investment Divisions of the Separate Account that invest in underlying Funds.
|
|
●
|
the accumulation phase, when you make Premium payments to us, and
|
|
●
|
the income phase, when we make income payments to you.
|
|
JNL/American Funds® Balanced Allocation
|
|
JNL/American Funds Growth Allocation
|
|
JNL Institutional Alt 20
|
|
JNL Institutional Alt 35
|
|
JNL Institutional Alt 50
|
|
JNL/Franklin Templeton Founding Strategy
|
|
JNL/Mellon Capital 10 x 10
|
|
JNL/Mellon Capital Index 5
|
|
JNL/S&P 4
|
|
JNL/S&P Managed Conservative
|
|
JNL/S&P Managed Moderate
|
|
JNL/S&P Managed Moderate Growth
|
|
JNL/S&P Managed Growth
|
|
JNL/S&P Managed Aggressive Growth
|
|
JNL Disciplined Moderate
|
|
JNL Disciplined Moderate Growth
|
|
JNL Disciplined Growth
|
|
·
|
to make income payments for the life of the Annuitant during the income phase;
|
|
·
|
to waive the withdrawal charge in the event of the Owner's death; and
|
|
·
|
to provide a basic death benefit prior to the Income Date.
|
|
·
|
Premiums that are no longer subject to a withdrawal charge (Premiums in your annuity for at least seven (four for the Four-Year Withdrawal Charge Period option) years without being withdrawn), plus
|
|
·
|
earnings (excess of your Contract Value allocated to the Investment Divisions and the Fixed Account over your Remaining Premium in these Options)
|
|
·
|
additional free withdrawals - during each Contract Year, 10% of Premiums that would otherwise incur a withdrawal charge, be subject to a Contract Enhancement recapture charge, or be reduced by an Interest Rate Adjustment, and that have not been previously withdrawn, minus earnings (required minimum distribution will reduce the 10% free withdrawal amount), or
|
|
·
|
partial withdrawals in excess of the free withdrawal amount (the withdrawal charge is imposed only on the excess amount above the free withdrawal amount), or
|
|
·
|
withdrawals under a tax-qualified Contract that exceeds its required minimum distribution (the entire withdrawal will be subject to the withdrawal charge), or
|
|
·
|
withdrawals in excess of the free withdrawal amounts to meet the required minimum distribution of a tax-qualified Contract purchased with contributions from a nontaxable transfer, after the Owner's death, of an Individual Retirement Annuity (IRA), or to meet the required minimum distribution of a Roth IRA annuity (the withdrawal charge is imposed only on the excess amount above the free withdrawal amount), or
|
|
·
|
total withdrawals.
|
|
Completed Years since Receipt of Premium
|
0-1
|
1-2
|
2-3
|
3-4
|
4-5
|
5-6
|
6-7
|
7+
|
|
Base Schedule
|
7%
|
6%
|
5%
|
4%
|
3%
|
2%
|
1%
|
0
|
|
Withdrawal Charge if Four-Year Period Applies
|
6.5%
|
5%
|
3%
|
2%
|
0
|
0
|
0
|
0
|
|
·
|
income payments during your Contract's income phase (but the withdrawal charge is deducted on the Income Date if that date is within 13 months of the Issue Date);
|
|
·
|
death benefits;
|
|
·
|
withdrawals necessary to satisfy the required minimum distribution of the Internal Revenue Code (but if the withdrawal requested exceeds the required minimum distribution; if the Contract was purchased with contributions from a nontaxable transfer, after the Owner's death, of an Individual Retirement Annuity (IRA); or is a Roth IRA annuity, then the entire withdrawal will be subject to the withdrawal charge); or
|
|
·
|
withdrawals of up to $250,000 from the Investment Divisions or from the Fixed Account if you need extended hospital or nursing home care as provided in your Contract.
|
|
Contract Enhancement
|
2%
|
3%
|
4%
|
|
Charge (on an annual basis)
|
0.395%
|
0.42%
|
0.56%
|
|
·
|
withdrawals are in excess of the free withdrawal amount (the recapture charge is imposed only on the excess amount above the free withdrawal amount);
|
|
·
|
withdrawals exceed the required minimum distribution of the Internal Revenue Code (the entire withdrawal will be assessed the applicable recapture charge);
|
|
Completed Years Since Receipt of Premium
|
0-1
|
1-2
|
2-3
|
3-4
|
4-5
|
5-6
|
6-7
|
7+
|
|
0-1
|
2%
|
2%
|
1.25%
|
1.25%
|
0.50%
|
0%
|
0%
|
0%
|
|
1-2
|
2%
|
1.25%
|
1.25%
|
0.50%
|
0%
|
0%
|
0%
|
0%
|
|
2-3
|
1.25%
|
1.25%
|
0.50%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
3-4
|
1.25%
|
0.50%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
4-5
|
0.50%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
5-6
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
6-7
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
7+
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
Completed Years Since Receipt of Premium
|
0-1
|
1-2
|
2-3
|
3-4
|
4-5
|
5-6
|
6-7
|
7+
|
|
0-1
|
3%
|
3%
|
2%
|
2%
|
2%
|
1%
|
1%
|
0%
|
|
1-2
|
3%
|
2%
|
2%
|
2%
|
1%
|
1%
|
0%
|
0%
|
|
2-3
|
2%
|
2%
|
1.25%
|
1%
|
1%
|
0%
|
0%
|
0%
|
|
3-4
|
2%
|
2%
|
1%
|
1%
|
0%
|
0%
|
0%
|
0%
|
|
4-5
|
2%
|
1%
|
1%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
5-6
|
1%
|
1%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
6-7
|
1%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
7+
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
Completed Years Since Receipt of Premium
|
0-1
|
1-2
|
2-3
|
3-4
|
4-5
|
5-6
|
6-7
|
7+
|
|
0-1
|
3%
|
3%
|
2.50%
|
2.50%
|
2.50%
|
1.25%
|
1.25%
|
0% |
|
1-2
|
3%
|
2.50%
|
2.50%
|
2.50%
|
1.25%
|
1.25%
|
0%
|
0%
|
|
2-3
|
2.50%
|
2.50%
|
2%
|
1.25%
|
1.25%
|
0%
|
0%
|
0%
|
|
3-4
|
2.50%
|
2.50%
|
1.25%
|
1.25%
|
0%
|
0%
|
0%
|
0%
|
|
4-5
|
2.50%
|
1.25%
|
1.25%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
5-6
|
1.25%
|
1.25%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
6-7
|
1.25%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
7+
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
·
|
death benefits;
|
|
·
|
income payments paid during the income phase;
|
|
·
|
withdrawals taken under your Contract's free withdrawal provision;
|
|
·
|
withdrawals necessary to satisfy the required minimum distribution of the Internal Revenue Code (but if the requested withdrawal exceeds the required minimum distribution, then the entire withdrawal will be assessed the applicable recapture charge); or
|
|
·
|
withdrawals of up to $250,000 from the Separate Account or from the Fixed Account if you need extended hospital or nursing home care as provided in your Contract.
|
|
5% GMWB With Annual Step-Up
|
||
|
Annual Charge
|
Maximum
|
Current
|
|
1.74%
|
0.87%
|
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
6% GMWB With Annual Step-Up
|
||
|
Annual Charge
|
Maximum
|
Current
|
|
2.04%
|
1.02%
|
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
LifeGuard Freedom Flex GMWB Without Optional Income
Upgrade Table
|
||
|
Annual Charge
|
||
|
Options
|
Maximum
|
Current
|
|
5% Bonus and Annual Step-Up
|
2.04%
|
1.02%
|
|
6% Bonus and Annual Step-Up
|
2.22%
|
1.11%
|
|
7% Bonus and Annual Step-Up
|
2.52%
|
1.26%
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
|
|
LifeGuard Freedom Flex GMWB With Optional Income
Upgrade Table
|
||
|
Options
|
Maximum
|
Current
|
|
5% Bonus and Annual Step-Up
|
2.52%
|
1.26%
|
|
6% Bonus and Annual Step-Up
|
2.70%
|
1.35%
|
|
7% Bonus and Annual Step-Up
|
3.00%
|
1.50%
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
LifeGuard Freedom Flex GMWB Without Optional Income
Upgrade Table
|
||
|
Annual Charge
|
||
|
Options
|
Maximum
|
Current
|
|
5% Bonus and Annual Step-Up
|
1.80%
|
0.90%
|
|
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)
|
2.04%
|
1.02%
|
|
6% Bonus and Annual Step-Up
|
1.92%
|
0.96%
|
|
6% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)
|
2.22%
|
1.11%
|
|
7% Bonus and Annual Step-Up
|
2.22%
|
1.11%
|
|
7% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)
|
2.52%
|
1.26%
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
|
|
LifeGuard Freedom Flex GMWB With Optional Income
Upgrade Table
|
||
|
Options
|
Maximum
|
Current
|
|
5% Bonus and Annual Step-Up
|
2.34%
|
1.17%
|
|
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)
|
2.52%
|
1.26%
|
|
6% Bonus and Annual Step-Up
|
2.40%
|
1.20%
|
|
6% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)
|
2.70%
|
1.35%
|
|
7% Bonus and Annual Step-Up
|
2.70%
|
1.35%
|
|
7% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)
|
3.00%
|
1.50%
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
LifeGuard Freedom Flex With Joint Option GMWB Without Optional Income Upgrade Table
|
||
|
Annual Charge
|
||
|
Options
|
Maximum
|
Current
|
|
5% Bonus and Annual Step-Up
|
2.10%
|
1.05%
|
|
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value
|
2.52%
|
1.26%
|
|
6% Bonus and Annual Step-Up
|
2.52%
|
1.26%
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
|
|
LifeGuard Freedom Flex With Joint Option GMWB With Optional
Income Upgrade Table
|
||
|
Annual Charge
|
||
|
Options
|
Maximum
|
Current
|
|
5% Bonus and Annual Step-Up
|
2.64%
|
1.32%
|
|
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value
|
3.00%
|
1.50%
|
|
6% Bonus and Annual Step-Up
|
3.00%
|
1.50%
|
|
Charge Basis
|
GWB
|
|
|
Charge Frequency
|
Monthly
|
|
|
Annual Charge
|
Maximum
|
Current
|
|
2.22%
|
1.11%
|
|
|
Charge Basis
|
GMWB Charge Base
|
|
|
Charge Frequency
|
Monthly
|
Monthly
|
|
●
|
The total amount of the current partial withdrawal, Or
|
|
●
|
The amount by which the cumulative partial withdrawals for the current Contract Year exceeds the greater of the GAWA or the Stretch RMD, as applicable.
|
|
Commonwealth Financial Network
|
|
CUSO Financial Services
|
|
ING Financial Partners Inc
|
|
INVEST Financial Corporation
|
|
Lincoln Financial Advisors
|
|
LPL Financial Corporation
|
|
Merrill Lynch
|
|
MML Investors Services Inc
|
|
Morgan Keegan
|
|
Morgan Stanley Smith Barney
|
|
National Planning Corporation
|
|
Raymond James
|
|
RBC Capital Markets Corp
|
|
Securities America
|
|
Signator Investors, Inc
|
|
SII Investments
|
|
Transamerica Financial Advisors, Inc
|
|
UBS Financial Services Inc
|
|
Wells Fargo Advisors
|
|
Woodbury Financial Services Inc
|
|
·
|
National Planning Corporation,
|
|
·
|
SII Investments, Inc.,
|
|
·
|
IFC Holdings, Inc. d/b/a Invest Financial Corporation,
|
|
·
|
Investment Centers of America, Inc., and
|
|
·
|
Curian Clearing LLC
|
|
·
|
$5,000 under most circumstances
|
|
·
|
$2,000 for a qualified plan Contract
|
|
·
|
$500 for a qualified or non-qualified plan
|
|
·
|
$50 for an automatic payment plan
|
|
·
|
You can pay additional Premiums at any time during the accumulation phase unless a specific optional benefit or feature provides limitations. However, if the Four-Year Withdrawal Charge Period is elected, no Premium will be accepted after the first Contract Year.
|
|
·
|
The maximum aggregate Premiums you may make without our prior approval is $1 million.
|
|
Contract Year Premium is Received
|
||||||
|
0-1
|
1-2
|
2-3
|
3-4
|
4-5
|
5+
|
|
|
Contract Enhancement Percentage of the Premium Payment
|
2.00%
|
2.00%
|
1.25%
|
1.25%
|
0.50%
|
0%
|
|
Contract Year Premium is Received
|
||||||||
|
0-1
|
1-2
|
2-3
|
3-4
|
4-5
|
5-6
|
6-7
|
7+
|
|
|
Contract Enhancement Percentage of the Premium Payment
|
3.00%
|
3.00%
|
2.25%
|
2.00%
|
2.00%
|
1.00%
|
1.00%
|
0%
|
|
Contract Year Premium is Received
|
||||||||
|
0-1
|
1-2
|
2-3
|
3-4
|
4-5
|
5-6
|
6-7
|
7+
|
|
|
Contract Enhancement Percentage of the Premium Payment
|
4.00%
|
4.00%
|
3.00%
|
2.50%
|
2.50%
|
1.25%
|
1.25%
|
0%
|
|
·
|
make a total withdrawal within the recapture charge schedule or a partial withdrawal within the recapture charge schedule in excess of the free withdrawals permitted by your Contract (or an additional free withdrawal endorsement if elected) (the recapture charge is imposed only on the excess amount above the free withdrawal amount),
|
|
·
|
make a partial withdrawal within the recapture charge schedule in excess of the required minimum distribution of the Internal Revenue Code (the entire withdrawal will be assessed the applicable recapture charge), or
|
|
·
|
return your Contract during the Free Look period. (If you return your Contract during the Free Look period, the entire amount of the Contract Enhancement will be recaptured.)
|
|
·
|
earnings (excess of your Contract Value allocated to the Investment Divisions and the Fixed Account over your Remaining Premium in these Options);
|
|
·
|
death benefits;
|
|
·
|
income payments paid during the income phase;
|
|
·
|
withdrawals taken under your Contract's free withdrawal provisions;
|
|
·
|
withdrawals necessary to satisfy the required minimum distribution of the Internal Revenue Code (but if the requested withdrawal exceeds the required minimum distribution, then the entire withdrawal will be assessed the applicable recapture charge); or
|
|
·
|
withdrawals of up to $250,000 from the Separate Account or from the Fixed Account if you need extended hospital or nursing home care as provided in your Contract (see "Waiver of Withdrawal and Recapture Charges for Extended Care" on page 51 for more information).
|
|
·
|
death benefits computed on the basis of Contract Value;
|
|
·
|
withdrawals taken under the 10% free withdrawal provision
|
|
·
|
withdrawals necessary to satisfy the required minimum distribution of the Internal Revenue Code;
|
|
·
|
withdrawals under our extended care benefit. For more information, please see “Waiver of Withdrawal and Recapture Charges for Extended Care” beginning on page 51.
|
|
·
|
determining the total amount of assets held in the particular Investment Division;
|
|
·
|
subtracting any asset-based charges and taxes chargeable under the Contract; and
|
|
·
|
dividing this amount by the number of outstanding Accumulation Units.
|
|
·
|
Maximum transfers during the first Contract Year in which you have Contract Value in the one-year Fixed Account Option subject to these restrictions: 1/3 of your Contract Value in the one-year Fixed Account Option as of the most recent Contract Anniversary;
|
|
·
|
Maximum transfers during any subsequent Contract Year, if you had Contract Value subject to these restrictions during the preceding Contract year:
|
|
i.
|
1/3 of your Contract Value in the one-year Fixed Account Option as of the most recent Contract Anniversary if you did not make a 1/3 transfer in the preceding year as mentioned above or
|
|
ii.
|
1/2 of your Contract Value in the one-year Fixed Account Option as of the most recent Contract Anniversary if you did make such a 1/3 transfer in the preceding year; or
|
|
·
|
Maximum transfers during any Contract Year, if you had Contract Value subject to these restrictions during both of the preceding two Contract Years and, in those years, you made the 1/3 maximum transfer in the first year and 1/2 maximum transfer in the second year as mentioned above: all of your remaining Contract Value in the one-year Fixed Account Option.
|
|
·
|
limiting the number of transfers over a period of time;
|
|
·
|
requiring a minimum time period between each transfer;
|
|
·
|
limiting transfer requests from an agent acting on behalf of one or more Owners or under a power of attorney on behalf of one or more Owners; or
|
|
·
|
limiting the dollar amount that you may transfer at any one time.
|
|
·
|
by making either a partial or complete withdrawal;
|
|
·
|
by electing the Systematic Withdrawal Program;
|
|
·
|
by electing a Guaranteed Minimum Withdrawal Benefit; or
|
|
·
|
by electing to receive income payments.
|
|
●
|
If the Contract Value falls to zero, benefit payments under the endorsement will continue until the death of the last surviving Covered Life if the For Life Guarantee is effective. (For more information about the For Life Guarantee and for information on who is a Covered Life under this form of GMWB, please see the “LifeGuard Freedom Flex GMWB With Joint Option” subsection beginning on page 100 and the For Life GMWB with Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount with the Joint Option subsection beginning on page 76.)
|
|
●
|
If an Owner dies before the automatic payment of benefits begins, the surviving Covered Life may continue the Contract and the For Life Guarantee is not automatically terminated (as it is on the For Life GMWBs without the Joint Option).
|
|
RMD NOTES: Notice of an RMD is required at the time of your withdrawal request, and there is an administrative form for such notice. The administrative form allows for one time or systematic withdrawals. Eligible withdrawals that are specified as RMDs may only be taken based on the value of the Contract to which the endorsement applies, even where the Internal Revenue Code allows for the taking of RMDs for multiple contracts from a single contract. You, as Owner, are responsible for complying with the Internal Revenue Code's RMD requirements. If your requested RMD exceeds our calculation of the RMD for your Contract, your request will not be eligible for the waiver of any applicable charges (i.e., withdrawal charges and recapture charges) and we will impose those charges, which will be reflected in the confirmation of the transaction. An RMD exceeding our calculation may also result in an Excess Withdrawal
for purposes of your GMWB. For information regarding the RMD calculation for your Contract, please contact our Annuity Service Center. Our contact information is on the cover page of this prospectus.
|
|
Under the Internal Revenue Code, RMDs are calculated and taken on a calendar year basis. But with a GMWB, the GAWA is based on Contract Years. Because the intervals for the GAWA and RMDs are different, the endorsement's guarantees may be more susceptible to being compromised. With tax-qualified Contracts, if the sum of your total partial withdrawals in a Contract Year exceed the greatest of the RMD for each of the two calendar years occurring in that Contract Year and the GAWA for that Contract Year, then the GWB and GAWA could be adversely recalculated, as described above. (If your Contract Year is the same as the calendar year, then the sum of your total partial withdrawals should not exceed the greater of the RMD and the GAWA.) Below is an example of how this modified limit would apply.
|
|
Assume a tax-qualified Contract with a Contract Year that runs from July 1 to June 30, and that there are no withdrawals other than as described. The GAWA for the 2014 Contract Year (ending June 30) is $10. The RMDs for calendar years 2013 and 2014 are $14 and $16, respectively.
|
|
If the Owner takes $7 in each of the two halves of calendar year 2013 and $8 in each of the two halves of calendar year 2014 , then at the time the withdrawal in the first half of calendar year 2014 is taken, the Owner will have withdrawn $15. Because the sum of the Owner's withdrawals for the 2014 Contract Year is less than the higher RMD for either of the two calendar years occurring in that Contract Year, the GWB and GAWA would not be adversely recalculated.
|
|
An exception to this general rule permits that with the calendar year in which your RMDs are to begin (generally, when you reach age 70 1/2), you may take your RMDs for the current and next calendar years during the same Contract Year, as necessary (see example below).
|
|
The following example illustrates this exception. It assumes an individual Owner, born January 1, 1943 , of a tax-qualified Contract with a Contract Year that runs from July 1 to June 30.
|
|
If the Owner delays taking his first RMD (the 2013 RMD) until March 30, 2014 , he may still take the 2014 RMD before the next Contract Year begins, June 30, 2014 without exposing the GWB and GAWA to the possibility of adverse recalculation. However, if he takes his second RMD (the 2014 RMD) after June 30, 2014 , he should wait until the next Contract Year begins (that is after June 30, 2015 ) to take his third RMD (the 2015 RMD). Because, except for the calendar year in which RMDs begin, taking two RMDs in a single Contract Year could cause the GWB and GAWA to be adversely recalculated (if the two RMDs exceeded the applicable GAWA for that Contract Year).
|
|
Examples that are relevant or specific to tax-qualified Contracts in varying circumstances and with specific factual assumption, are at the end of the prospectus in Appendix D, specifically examples 4, 5, and 7 under sections “I. SafeGuard Max,” “II. AutoGuard 5, AutoGuard 6,” “III. Jackson Select Protector,” and “VI. MarketGuard Stretch,” or examples 6, 7, and 9 under sections “IV. LifeGuard Freedom 6 Net” and “V. LifeGuard Freedom Flex” . Please consult the representative who is helping, or who helped, you purchase your tax-qualified Contract, and your tax adviser, to be sure that a particular GMWB ultimately suits your needs relative to your RMD.
|
|
●
|
The Owner's (or any joint Owner's) death;
|
|
|
Or
|
||
|
●
|
Until all withdrawals under the Contract equal the Guaranteed Withdrawal Balance (GWB), without regard to Contract Value.
|
|
|
The GWB is the guaranteed amount available for future periodic withdrawals.
|
||
|
PLEASE NOTE: The guarantees of this GMWB are subject to the endorsement's terms, conditions, and limitations that are explained below.
|
||
|
When this GMWB is added to the Contract on the Issue Date –
|
The GWB equals initial Premium net of any applicable Premium taxes.
|
|
The GAWA is determined based on the Owner's attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the partial withdrawal. See the GAWA percentage table below.
|
|
When this GMWB is added to the Contract on any Contract Anniversary, as subject to availability –
|
The GWB equals Contract Value less the recapture charge on any Contract Enhancement.
|
|
The GAWA is determined based on the Owner's attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the partial withdrawal. See the GAWA percentage table below.
|
|
Ages
|
GAWA Percentage
|
|
0 – 74
|
7%
|
|
75 – 79
|
8%
|
|
80 – 84
|
9%
|
|
85+
|
10%
|
|
When a withdrawal, plus all prior withdrawals in the current Contract Year, is less than or equal to the greater of the GAWA or RMD, as applicable –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the withdrawal less the withdrawal; Or
|
||
|
●
|
Zero.
|
||
|
The GAWA is unchanged. At the end of each Contract Year, if the GWB is less than the GAWA, the GAWA is set equal to the GWB.
|
|||
|
●
|
The total amount of the current partial withdrawal, Or
|
|
●
|
The amount by which the cumulative partial withdrawals for the current Contract Year exceeds the greater of the GAWA or the RMD, as applicable.
|
|
With each subsequent Premium payment on the Contract –
|
The GWB is recalculated, increasing by the amount of the Premium net of any applicable Premium taxes.
|
||
|
If the Premium payment is received after the first withdrawal, the GAWA is also recalculated, increasing by:
|
|||
|
●
|
The GAWA percentage multiplied by the subsequent Premium payment net of any applicable Premium taxes; Or
|
||
|
●
|
The GAWA percentage multiplied by the increase in the GWB – if the maximum GWB is hit.
|
||
|
With a Step-Up –
|
The GWB equals Contract Value (subject to a $5 million maximum).
|
||
|
If the step-up occurs after the first withdrawal, the GAWA is recalculated, equaling the greater of:
|
|||
|
●
|
The GAWA percentage multiplied by the new GWB, Or
|
||
|
●
|
The GAWA prior to step-up.
|
||
|
After each payment when the Contract
|
The GWB is recalculated, equaling the greater of:
|
||
|
Value is zero –
|
●
|
The GWB before the payment less the payment; Or
|
|
|
●
|
Zero.
|
||
|
The GAWA is recalculated, equaling the lesser of:
|
|||
|
●
|
The GAWA before the payment; Or
|
||
|
●
|
The GWB after the payment.
|
||
|
●
|
The Income Date;
|
|
|
●
|
The date of complete withdrawal of Contract Value (full surrender of the Contract);
|
|
|
In surrendering your Contract, you will receive the Contract Value less any applicable charges and adjustments and not the GWB or the GAWA you would have received under this GMWB.
|
||
|
●
|
The date of the Owner's death (or the first Owner's death with joint Owners), unless the Beneficiary who is the Owner's spouse elects to continue the Contract with the GMWB;
|
|
|
●
|
The first date both the GWB and the Contract Value equals zero; or
|
|
|
●
|
The date all obligations under this GMWB are satisfied after the Contract has been terminated.
|
|
|
·
|
the GWB prior to the partial withdrawal less the partial withdrawal; or
|
|
·
|
zero.
|
|
●
|
the GWB prior to the partial withdrawal, first reduced dollar-for-dollar for any portion of the partial withdrawal not defined as an Excess Withdrawal (see below),
|
|
|
then reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal; or
|
|
●
|
zero.
|
|
●
|
the GAWA prior to the partial withdrawal reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal, or
|
|
●
|
the GWB after the partial withdrawal.
|
|
●
|
the total amount of the current partial withdrawal, or
|
|
●
|
the amount by which the cumulative partial withdrawals for the current Contract Year exceeds the greater of the GAWA or the RMD, as applicable.
|
|
●
|
the GWB prior to the partial withdrawal less the partial withdrawal; or
|
|
●
|
zero.
|
|
●
|
the GWB prior to the partial withdrawal, first reduced dollar-for-dollar for any portion of the partial withdrawal not defined as an Excess Withdrawal (see below), then reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal; or
|
|
●
|
zero.
|
|
●
|
the GAWA prior to the partial withdrawal reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal, or
|
|
●
|
the GWB after the partial withdrawal.
|
|
●
|
the total amount of the current partial withdrawal, or
|
|
●
|
the amount by which the cumulative partial withdrawals for the current Contract Year exceeds the greater of the GAWA or the RMD, as applicable.
|
|
●
|
This guarantee lasts for the duration of the Owner's life (the “For Life Guarantee”) if the For Life Guarantee is in effect;
|
|
|
The For Life Guarantee is based on the life of the single Owner or the first Owner to die
|
||
|
if there are joint Owners. There are also other GMWB options for joint Owners that are spouses, as described below.
For the Owner that is a legal entity, the For Life Guarantee is based on the Annuitant's life (or the life of the first Annuitant to die if there is more than one Annuitant).
The For Life Guarantee becomes effective on the Contract Anniversary on or immediately following the Owner (or with joint Owners, the oldest Owner) attaining the age of 59 1/2. If the Owner (or oldest Owner) is 59 1/2 years old or older on the endorsement's effective date, then the For Life Guarantee is effective when this GMWB is added to the Contract.
If the For Life Guarantee is in effect, it will be terminated if a withdrawal exceeds the permissible amounts and reduces the Contract Value to zero. (Please see the "Contract Value is Zero" subsection below to understand what happens when the Contract Value is reduced to zero.) Otherwise, the For Life Guarantee remains effective until the date this GMWB endorsement is terminated or until the Continuation Date on which this GMWB endorsement is continued under spousal continuation. Please see the “Termination” subsection below to understand under what conditions this GMWB endorsement and, accordingly, the For Life Guarantee can be terminated.
|
||
|
In addition, if the For Life Guarantee is not yet in effect, withdrawals that cause the Contract Value to reduce to zero void the For Life Guarantee. See “Contract Value is Zero” below for more information.
|
||
|
●
|
If the For Life Guarantee is not in effect, the guarantee lasts until the earlier of (1) the date of death of the Owner (or any joint Owner) or (2) the date when all withdrawals under the Contract equal the Guaranteed Withdrawal Balance (GWB), without regard to Contract Value.
|
|
|
The GWB is the guaranteed amount available for future periodic withdrawals.
|
||
|
In the event of the Owner's death, a spousal Beneficiary may continue this GMWB endorsement under spousal continuation. In that event, the GWB is payable until depleted. (Please see the “Spousal Continuation” subsection below for more information.) If the Beneficiary is a non-spousal Beneficiary, the GWB is void and this endorsement is terminated; therefore, the Owner's death may have a significant negative impact on the value of this GMWB endorsement and cause the endorsement to prematurely terminate.
|
||
|
When this GMWB is added to
the Contract on the Issue Date –
|
The GWB equals initial Premium net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013 ) any Contract Enhancement.
|
|
The GAWA is determined based on the Owner's attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the withdrawal. See the GAWA percentage table below.
|
|
When this GMWB is added to the Contract on any Contract Anniversary –
|
The GWB equals Contract Value , minus (for endorsements issued on or after April 29, 2013 ) any recapture charges that would be assessed on a full withdrawal .
The GAWA is determined based on the Owner's attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the withdrawal. See the GAWA percentage table below.
|
|
Ages
|
Base GAWA% Table
(Endorsements issued on or after April 29, 2013) |
Optional Income Upgrade Table
(Endorsements issued on or after April 29, 2013) |
|
35 – 64
|
3.75%
|
4.00%
|
|
65 – 74
|
4.75%
|
5.00%
|
|
75 – 80
|
5.25 %
|
5.50 %
|
|
81+
|
5.75 %
|
6.00 %
|
|
When a withdrawal, plus all
prior withdrawals in the current Contract Year, is less than or equal to the greater of the GAWA or RMD, plus the Earnings-
Sensitive Adjustments during that Contract Year, if any –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the withdrawal less the withdrawal; Or
|
||
|
●
|
Zero.
|
||
|
The GAWA is unchanged.
|
|||
|
●
|
The amount by which the cumulative withdrawals for the current Contract Year (including the current withdrawal) exceeds the greater of the GAWA or the RMD, plus the Earnings-Sensitive Adjustments during that Contract Year, if any.
|
|
|
c. all withdrawals previously made in the current Contract Year, including Earnings-Sensitive Adjustments.
|
|
|
2.
|
2/3 of the lesser of the MEWAR and the withdrawal amount prior to any Earnings-Sensitive Adjustment.
|
|
|
2.
|
2/3 of the lesser of the MEWAR and the withdrawal amount prior to any Earnings-Sensitive Adjustment; or
|
| · |
You are age 65
|
· |
You have a non-qualified Contract (so there is no applicable RMD)
|
| · |
Your initial Premium payment was $100,000
|
· |
You have not made any additional Premium payments or any withdrawals in the prior Contract Years or the current Contract Year
|
| · |
The For Life Guarantee is in effect
|
||
| · |
Your GWB is $100,000
|
· |
Your GAWA percentage is 5%
|
| · |
Your GAWA is $5,000
|
· |
Your Contract Value is $108,000
|
|
●
|
The Contract Anniversary on or immediately following the Owner's (or oldest joint Owner's) 70 th birthday (71 st birthday for endorsements issued before April 29, 2013 ) , Or
|
|
●
|
The 12 th Contract Anniversary (10 th Contract Anniversary for endorsements issued before April 29, 2013 ) following the effective date of this endorsement.
|
|
●
|
On the effective date of this endorsement, the GWB adjustment is equal to 200% of the GWB, subject to a maximum of $5,000,000.
|
|
●
|
With each subsequent Premium received after this GMWB is effective and prior to the first Contract Anniversary following this GMWB's effective date, the GWB adjustment is recalculated to equal the GWB adjustment prior to the Premium payment plus 200% of the sum of i) the Premium payment net of any applicable Premium taxes, and ii) (for endorsements issued before April 29, 2013 ) any Contract Enhancement, subject to a maximum of $5,000,000. (See Example s 4 and 5 in Appendix D under section “III. LifeGuard Freedom 6 Net”.)
|
|
●
|
With each subsequent Premium received on or after the first Contract Anniversary following this GMWB's effective date, the GWB adjustment is recalculated to equal the GWB adjustment prior to the Premium payment plus the amount of the Premium payment, net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013 ) any Contract Enhancement, subject to a maximum of $5,000,000. (See Example s 4 and 5 in Appendix D under section “III. LifeGuard Freedom 6 Net”.)
|
|
With each subsequent Premium payment on the Contract –
|
The GWB is recalculated, increasing by the amount of the Premium net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013 ) any Contract Enhancement.
|
||
|
If the Premium payment is received after the first withdrawal, the GAWA is also recalculated, increasing by:
|
|||
|
●
|
The GAWA percentage multiplied by the sum of i) the subsequent Premium payment net of any applicable Premium taxes, and ii) (for endorsements issued before April 29, 2013 ) any Contract Enhancement; Or
|
||
|
●
|
The GAWA percentage multiplied by the increase in the GWB – if the maximum GWB is hit.
|
||
|
With a step-up –
|
The GWB equals the Contract Value (subject to a $5 million maximum).
|
||
|
If the Contract Value is greater than the BDB prior to the step-up, then the BDB is set to equal the Contract Value (not subject to any maximum amount); and, if the step-up occurs after the first withdrawal, the GAWA percentage is recalculated based on the attained age of the Owner.
|
|||
|
●
|
If there are joint Owners, the GAWA percentage is recalculated based on the oldest joint Owner.
|
||
|
●
|
The GAWA percentage will not be recalculated upon step-ups following Spousal Continuation.
|
||
|
For all Contracts to which this GMWB is added, if the step-up occurs after the first withdrawal, the GAWA is recalculated, equaling the greater of:
|
|||
|
●
|
The GAWA percentage multiplied by the new GWB, Or
|
||
|
●
|
The GAWA prior to step-up.
|
||
|
After each payment when the Contract Value is zero –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the payment less the payment; Or
|
||
|
●
|
Zero.
|
||
|
The GAWA is unchanged. At the end of each Contract Year, if the GWB is less than the GAWA and the For Life Guarantee is not in effect, the GAWA is set equal to the GWB.
|
|||
|
●
|
Continue the Contract with this GMWB – so long as Contract Value is greater than zero, and the Contract is still in the accumulation phase. (The date the spousal Beneficiary's election to continue the Contract is in Good Order is called the Continuation Date.)
|
||
|
○
|
Upon the Owner's death, the For Life Guarantee is void.
|
||
|
○
|
Only the GWB is payable while there is value to it (until depleted).
|
||
|
○
|
The GWB adjustment provision is void.
|
||
|
○
|
Step-Ups will continue as permitted in accordance with the step-up rules above.
|
||
|
○
|
Contract Anniversaries will continue to be based on the Contract's Issue Date.
|
||
|
○
|
If the GAWA percentage has not yet been determined, the GAWA percentage will be based on the original Owner's (or oldest joint Owner's) attained age on the continuation date. The GAWA percentage will not change on future step-ups, even if the Contract Value exceeds the BDB.
|
||
|
○
|
The Latest Income Date is based on the age of the surviving spouse. Please refer to “Annuitization” subsection below for information regarding the availability of the “Specified Period Income of the GAWA” option if the GWB has been continued by a spousal Beneficiary upon the death of the original Owner.
|
||
|
●
|
Continue the Contract without this GMWB (GMWB is terminated).
|
||
|
●
|
Add this GMWB to the Contract on any Contract Anniversary after the Continuation Date, subject to the Beneficiary's eligibility – if the spousal Beneficiary terminated the GMWB in continuing the Contract.
|
||
|
●
|
The Income Date;
|
|
|
●
|
The date of complete withdrawal of Contract Value (full surrender of the Contract);
|
|
|
In surrendering your Contract, you will receive the Contract Value less any applicable charges and adjustments and not the GWB or the GAWA you would have received under this GMWB.
|
||
|
●
|
Conversion of this GMWB (if conversion is permitted);
|
|
|
●
|
The date of the Owner's death (or the first Owner's death with joint Owners), unless the Beneficiary who is the Owner's spouse elects to continue the Contract with the GMWB;
|
|
●
|
The Continuation Date if the spousal Beneficiary elects to continue the Contract without the GMWB; or
|
|
The date all obligations under this GMWB are satisfied after the Contract has been terminated.
|
|
●
|
How the bonus is calculated;
|
|
●
|
What happens to the Bonus Base (and bonus) with a withdrawal, Premium payment, and any step-up;
|
|
●
|
For how long the bonus is available; and
|
|
●
|
When and what happens when the bonus is applied to the GWB.
|
|
|
||||
|
●
|
When this GMWB is added to the Contract, the Bonus Base equals the GWB.
|
|||
|
●
|
With a withdrawal, if that withdrawal, and all prior withdrawals in the current Contract Year, exceeds the Earnings-Sensitive Adjustments during that Contract Year plus the greater of the GAWA or the RMD, as applicable, then the Bonus Base is set to the lesser of the GWB after, and the Bonus Base before, the withdrawal. Otherwise, there is no adjustment to the Bonus Base with withdrawals.
|
|||
|
○
|
All withdrawals count, including: systematic withdrawals; RMDs for certain tax-qualified Contracts; withdrawals of asset allocation and advisory fees; and free withdrawals under the Contract.
|
|||
|
○
|
A withdrawal in a Contract Year during the Bonus Period (defined below) precludes a bonus for that Contract Year.
|
|||
|
●
|
With a Premium payment, the Bonus Base increases by the amount of the Premium payment net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013 ) any Contract Enhancement.
|
|||
|
●
|
With any step-up (if the GWB increases upon step-up), the Bonus Base is set to the greater of the GWB after, and the Bonus Base before, the step-up.
|
|||
|
The Bonus Base can never be more than $5 million.
|
||||
|
The bonus is applied at the end of each Contract Year during the Bonus Period, if there have been no withdrawals during that Contract Year. Conversely, any withdrawal, including but not limited to systematic withdrawals and required minimum distributions, taken in a Contract Year during the Bonus Period causes the bonus not to be applied.
When the bonus is applied:
|
||||
|
●
|
The GWB is recalculated, increasing by 6% of the Bonus Base.
|
|||
|
●
|
If the Bonus is applied after the first withdrawal (in a prior year), the GAWA is then recalculated, equaling the greater of the GAWA percentage multiplied by the new GWB or the GAWA before the bonus.
|
|||
|
Applying the bonus to the GWB does not affect the Bonus Base, GWB adjustment or BDB.
|
||||
|
The Bonus is only available during the Bonus Period. The Bonus Period begins on the effective date of this GMWB endorsement. In addition, the Bonus Period will re-start at the time the Bonus Base increases due to a step-up so long as the step-up occurs on or before the Contract Anniversary immediately following the Owner’s (if Joint Owners, the oldest Owner’s) 80th birthday. (See example below.)
|
||||
|
●
|
The tenth Contract Anniversary following (1) the effective date of the endorsement or (2) the most recent increase to the Bonus Base due to a step-up, if later; or
|
|||
|
●
|
The date the Contract Value is zero.
|
|||
|
The Bonus Base will continue to be calculated even after the Bonus Period expires. Therefore, it is possible for the Bonus Period to expire and then re-start on a later Contract Anniversary if the Bonus Base increases due to a step-up.
|
||||
|
The purpose of the re-start provision is to extend the period of time over which the Owner is eligible to receive a bonus. For example, assume this GMWB was added to a Contract on December 1, 2013 . At that time, the bonus period is scheduled to expire on December 1, 2023 (which is the tenth Contract Anniversary following the effective date of the endorsement). If a step-up increasing the Bonus Base occurs on the third Contract Anniversary following the effective date of the endorsement (December 1, 2016 ), and the Owner is younger than age 80, the Bonus Period will re-start and will be scheduled to expire on December 1, 2026 . Further, assuming that the next Bonus Base increase due to a step-up does not occur until December
1, 2028 (which is two years after the Bonus Period in this example expired) and that the Owner is still younger than age 80 at that time, the Bonus Period would re-start on December 1, 2028 , and would be scheduled to expire on December 1, 2038 . (Please also see Examples 8 and 9 in Appendix D under section “III. LifeGuard Freedom 6 Net for more information regarding the re-start provision.)
|
|
Spousal continuation of a Contract with this GMWB does not affect the Bonus Period; Contract Anniversaries are based on the Contract's Issue Date.
|
|
●
|
This guarantee lasts for the duration of the life of the last surviving Covered Life (the "For Life Guarantee") if the For Life Guarantee is in effect;
|
|
●
|
If the For Life Guarantee is not in effect, the guarantee lasts until the earlier of (1) the date of the death of the last surviving Covered Life or (2) the date when all withdrawals under the Contract equal the Guaranteed Withdrawal Balance (GWB), without regard to Contract Value.
|
|
The GWB is the guaranteed amount available for future periodic withdrawals.
|
|
|
In the event of the last surviving Covered Life's death, a spousal Beneficiary who is not a Covered Life may continue this GMWB endorsement under spousal continuation. In that event, the GWB is payable until depleted. (Please see the “Spousal Continuation” subsection below for more information.) If the Beneficiary is a non-spousal Beneficiary, the GWB is void and this endorsement is terminated; therefore, the death of the last surviving Covered Life may have a significant negative impact on the value of this GMWB endorsement and cause the endorsement to prematurely terminate.
|
|
When this GMWB is added to
the Contract on the Issue Date –
|
The GWB equals initial Premium net of any applicable Premium taxes, plus any Contract Enhancement.
|
|
The GAWA is determined based on the youngest Covered Life's attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the withdrawal. See the GAWA percentage table below.
|
|
When this GMWB is added to
the Contract on any Contract Anniversary –
|
The GWB equals Contract Value.
The GAWA is determined based on the youngest Covered Life’s attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the withdrawal. See the GAWA percentage table below.
|
|
Ages
|
Base GAWA% Table
|
Optional Income
Upgrade Table
|
|
35 – 64
|
3.75%
|
4.00%
|
|
65 – 69
|
4.25%
|
4.50%
|
|
70 – 74
|
4.75%
|
5.00%
|
|
75 – 80
|
5.75%
|
6.00%
|
|
81+
|
6.75%
|
7.00%
|
|
When a withdrawal, plus all prior withdrawals in the current Contract Year, is less than or equal to the greater of
the GAWA or RMD, plus the Earnings-Sensitive Adjustments during that Contract Year, if any –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the withdrawal less the withdrawal; Or
|
||
|
●
|
Zero.
|
||
|
|
The GAWA is unchanged.
|
||
|
●
|
The amount by which the cumulative withdrawals for the current Contract Year (including the current withdrawal) exceeds the greater of the GAWA or the RMD, plus the Earnings-Sensitive Adjustments during that Contract Year, if any.
|
|
|
c. all withdrawals previously made in the current Contract Year, including Earnings-Sensitive Adjustments.
|
|
|
2.
|
2/3 of the lesser of the MEWAR and the withdrawal amount prior to any Earnings-Sensitive Adjustment.
|
|
|
2.
|
2/3 of the lesser of the MEWAR and the withdrawal amount prior to any Earnings-Sensitive Adjustment; or
|
| · |
You and your spouse are age 65
|
· |
You have a non-qualified Contract (so there is no applicable RMD)
|
| · |
Your initial Premium payment was $100,000
|
· |
You have not made any additional Premium payments or any withdrawals in the prior Contract Years or the current Contract Year
|
| · |
The For Life Guarantee is in effect
|
||
| · |
Your GWB is $100,000
|
· |
Your GAWA percentage is 5%
|
| · |
Your GAWA is $5,000
|
· |
Your Contract Value is $108,000
|
|
●
|
The Contract Anniversary on or immediately following the youngest Covered Life's 82nd birthday, Or
|
|
●
|
On the effective date of this endorsement, the GWB adjustment is equal to 200% of the GWB, subject to a maximum of $5,000,000.
|
|
●
|
With each subsequent Premium received after this GMWB is effective and prior to the first Contract Anniversary following this GMWB's effective date, the GWB adjustment is recalculated to equal the GWB adjustment prior to the Premium payment plus 200% of the sum of i) the Premium payment net of any applicable Premium taxes, and ii) any Contract Enhancement, subject to a maximum of $5,000,000. (See Example 5 in Appendix D under section “III. LifeGuard Freedom 6 Net.)
|
|
●
|
With each subsequent Premium received on or after the first Contract Anniversary following this GMWB's effective date, the GWB adjustment is recalculated to equal the GWB adjustment prior to the Premium payment plus the amount of the Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement subject to a maximum of $5,000,000. (See Example 5 in Appendix D under section “III. LifeGuard Freedom 6 Net.)
|
|
With each subsequent Premium payment on the Contract –
|
The GWB is recalculated, increasing by the amount of the Premium net of any applicable Premium taxes, plus any Contract Enhancement.
|
||
|
If the Premium payment is received after the first withdrawal, the GAWA is also recalculated, increasing by:
|
|||
|
●
|
The GAWA percentage multiplied by the sum of i) the subsequent Premium payment net of any applicable Premium taxes, and ii) any Contract Enhancement; Or
|
||
|
●
|
The GAWA percentage multiplied by the increase in the GWB – if the maximum GWB is hit.
|
||
|
With a step-up –
|
The GWB equals the Contract Value (subject to a $5 million maximum).
|
||
|
If the Contract Value is greater than the BDB prior to the step-up, then the BDB is set to equal the Contract Value (not subject to any maximum amount); and, if the step-up occurs after the first withdrawal, the GAWA percentage is recalculated based on the attained age of the youngest Covered Life.
|
|||
|
●
|
The GAWA percentage will not be recalculated upon step-ups following Spousal Continuation if the spouse electing Spousal Continuation is not a Covered Life.
|
||
|
For all Contracts to which this GMWB is added, if the step-up occurs after the first withdrawal, the GAWA is recalculated, equaling the greater of:
|
|||
|
●
|
The GAWA percentage multiplied by the new GWB, Or
|
||
|
●
|
The GAWA prior to step-up.
|
||
|
After each payment when the Contract
Value is zero –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the payment less the payment; Or
|
||
|
●
|
Zero.
|
||
|
The GAWA is unchanged. At the end of each Contract Year, if the GWB is less than the GAWA and the For Life Guarantee is not in effect, the GAWA is set equal to the GWB.
|
|||
|
●
|
Continue the Contract with this GMWB – so long as Contract Value is greater than zero, and the Contract is still in the accumulation phase. (The date the spousal Beneficiary's election to continue the Contract is in Good Order is called the Continuation Date.)
|
||
|
○
|
If the surviving spouse is a Covered Life, then the For Life Guarantee remains effective on and after the Continuation Date.
If the surviving spouse is not a Covered Life, the For Life Guarantee is null and void. However, the surviving spouse will be entitled to make withdrawals until the GWB is exhausted.
|
||
|
○
|
For a surviving spouse who is a Covered Life, continuing the Contract with this GMWB is necessary to be able to fully realize the benefit of the For Life Guarantee. The For Life Guarantee is not a separate guarantee and only applies if the related GMWB has not terminated.
|
||
|
○
|
If the surviving spouse is a Covered Life and a GWB adjustment provision is in force on the continuation date then the provision will continue to apply in accordance with the applicable GWB adjustment provision rules above. The GWB adjustment date will continue to be based on the original effective date of the endorsement or the youngest Covered Life's attained age, as applicable.
If the surviving spouse is not a Covered Life, any GWB adjustment is null and void.
|
||
|
○
|
Step-Ups will continue as permitted in accordance with the step-up rules above.
New GAWA percentages will continue to be determined in accordance with the step-up rules above if the continuing spouse is a Covered Life. No such new GAWA percentages will be determined subsequent to continuation by a spouse who is not a Covered Life.
|
||
|
○
|
Contract Anniversaries will continue to be based on the Contract's Issue Date.
|
||
|
○
|
If the surviving spouse is a Covered Life, the GAWA percentage will continue to be calculated and/or recalculated based on the youngest Covered Life's attained age.
|
||
|
○
|
If the surviving spouse is not a Covered Life and if the GAWA percentage has not yet been determined, the GAWA percentage will be based on the youngest Covered Life's attained age on the continuation date. The GAWA percentage will not change on future step-ups.
|
||
|
○
|
The Latest Income Date is based on the age of the surviving spouse. Please refer to “Annuitization” subsection below for information regarding the additional Income Options available on the Latest Income Date.
|
||
|
○
|
A new joint Owner may not be added in a non-qualified Contract if a surviving spouse continues the Contract.
|
||
|
●
|
Continue the Contract without this GMWB (GMWB is terminated) if the surviving spouse is not a Covered Life. Thereafter, no GMWB charge will be assessed. If the surviving spouse is a Covered Life, the Contract cannot be continued without this GMWB.
|
|
●
|
The Income Date;
|
|
●
|
The date of complete withdrawal of Contract Value (full surrender of the Contract);
|
|
In surrendering your Contract, you will receive the Contract Value less any applicable charges and adjustments and not the GWB or the GAWA you would have received under this GMWB.
|
|
●
|
Conversion of this GMWB (if conversion is permitted);
|
|
●
|
The date of death of the Owner (or either joint Owner), unless the Beneficiary who is the Owner's spouse elects to continue the Contract with the GMWB (continuing the Contract with this GMWB is necessary to be able to fully realize the benefit of the For Life Guarantee if the surviving spouse is a Covered Life);
|
|
●
|
The Continuation Date on a Contract if the spousal Beneficiary, who is not a Covered Life, elects to continue the Contract without the GMWB; or
|
|
●
|
The date all obligations under this GMWB are satisfied after the Contract has been terminated.
|
|
●
|
How the bonus is calculated;
|
|
●
|
What happens to the Bonus Base (and bonus) with a withdrawal, Premium payment, and any step-up;
|
|
●
|
For how long the bonus is available; and
|
|
●
|
When and what happens when the bonus is applied to the GWB.
|
|
|
|||||
|
●
|
When this GMWB is added to the Contract, the Bonus Base equals the GWB.
|
||||
|
●
|
With a withdrawal, if that withdrawal, and all prior withdrawals in the current Contract Year, exceeds the Earnings-Sensitive Adjustments during that Contract Year plus the greater of the GAWA or the RMD, as applicable, then the Bonus Base is set to the lesser of the GWB after, and the Bonus Base before, the withdrawal. Otherwise, there is no adjustment to the Bonus Base with withdrawals.
|
||||
|
○
|
All withdrawals count, including: systematic withdrawals; RMDs for certain tax-qualified Contracts; withdrawals of asset allocation and advisory fees; and free withdrawals under the Contract.
|
||||
|
○
|
A withdrawal in a Contract Year during the Bonus Period (defined below) precludes a bonus for that Contract Year.
|
||||
|
●
|
With a Premium payment, the Bonus Base increases by the amount of the Premium payment net of any applicable Premium taxes, plus any Contract Enhancement.
|
||||
|
●
|
With any step-up (if the GWB increases upon step-up), the Bonus Base is set to the greater of the GWB after, and the Bonus Base before, the step-up.
|
||||
|
The Bonus Base can never be more than $5 million.
|
|||||
|
The bonus is applied at the end of each Contract Year during the Bonus Period, if there have been no withdrawals during that Contract Year. Conversely, any withdrawal, including but not limited to systematic withdrawals and required minimum distributions, taken in a Contract Year during the Bonus Period causes the bonus not to be applied.
When the bonus is applied:
|
|||||
|
●
|
The GWB is recalculated, increasing by 6% of the Bonus Base.
|
||||
|
●
|
If the Bonus is applied after the first withdrawal (in a prior year), the GAWA is then recalculated, equaling the greater of the GAWA percentage multiplied by the new GWB or the GAWA before the bonus.
|
||||
|
Applying the bonus to the GWB does not affect the Bonus Base, GWB adjustment or BDB.
|
|||||
|
The Bonus is only available during the Bonus Period. The Bonus Period begins on the effective date of this GMWB endorsement. In addition, the Bonus Period will re-start at the time the Bonus Base increases due to a step-up so long as the step-up occurs on or before the Contract Anniversary immediately following the youngest Covered Life's 80th birthday. (See example below.)
|
||
|
●
|
The tenth Contract Anniversary following (1) the effective date of the endorsement or (2) the most recent increase to the Bonus Base due to a step-up, if later; or
|
|
|
●
|
The date the Contract Value is zero.
|
|
|
The Bonus Base will continue to be calculated even after the Bonus Period expires. Therefore, it is possible for the Bonus Period to expire and then re-start on a later Contract Anniversary if the Bonus Base increases due to a step-up.
|
||
|
The purpose of the re-start provision is to extend the period of time over which the Owner is eligible to receive a bonus. For example, assume this GMWB was added to a Contract on December 1, 2013 . At that time, the bonus period is scheduled to expire on December 1, 2023 (which is the tenth Contract Anniversary following the effective date of the endorsement). If a step-up increasing the Bonus Base occurs on the third Contract Anniversary following the effective date of the endorsement (December 1, 2016 ), and the youngest Covered Life is younger than age 80, the Bonus Period will re-start and will be scheduled to expire on December 1, 2026 . Further, assuming that the next Bonus Base increase due to a step-up does not occur
until December 1, 2028 (which is two years after the Bonus Period in this example expired) and that the youngest Covered Life is still younger than age 80 at that time, the Bonus Period would re-start on December 1, 2028 , and would be scheduled to expire on December 1, 2038 . (Please also see Examples 8 and 9 in Appendix D under section “III. LifeGuard Freedom 6 Net for more information regarding the re-start provision.)
|
||
|
Spousal continuation of a Contract with this GMWB does not affect the Bonus Period; Contract Anniversaries are based on the Contract's Issue Date.
|
||
|
·
|
annual or quarterly Contract Value step-ups (quarterly step-ups are applied annually based on the highest quarterly Contract Value), and
|
|
LifeGuard Freedom Flex GMWB -
Available Option Combinations
|
|||
|
Step-Up
|
|||
|
Bonus
|
Annual or Highest Quarterly
Contract Value
|
Freedom Flex
Death Benefit (DB) NY
|
|
5%
|
Annual
|
|
|
5% **
|
Quarterly
|
|
|
6%
|
Annual
|
Yes*
|
|
6% **
|
Quarterly
|
|
|
7%
|
Annual
|
|
|
7% **
|
Quarterly
|
|
LifeGuard Freedom Flex with Joint Option GMWB-
|
||
|
Available Option Combinations
(No longer available effective October 15, 2012)
|
||
|
Bonus
|
Step-Up
Annual or Highest Quarterly
Contract Value
|
|
|
5%
|
Annual
|
|
|
5%
|
Quarterly
|
|
|
6%
|
Annual
|
|
|
●
|
The guarantee lasts for the duration of the Owner's life (the “For Life Guarantee”) if the For Life Guarantee is in effect;
|
|
|
The For Life Guarantee is based on the life of the single Owner or the first Owner to die if there are joint Owners. There are also other GMWB options for joint Owners that are spouses, as described below.
|
||
|
For the Owner that is a legal entity, the For Life Guarantee is based on the Annuitant's life (or the life of the first Annuitant to die if there is more than one Annuitant).
|
||
|
The For Life Guarantee becomes effective on the Contract Anniversary on or immediately following the Owner (or with joint Owners, the oldest Owner) attaining the age of 59 1/2. If the Owner (or oldest Owner) is 59 1/2 years old or older on the endorsement's effective date, then the For Life Guarantee is effective when this GMWB is added to the Contract.
|
||
|
If the For Life Guarantee is in effect, it will be terminated if a withdrawal exceeds the permissible amounts and reduces the Contract Value to zero. (Please see the "Contract Value is Zero" subsection below to understand what happens when the Contract Value is reduced to zero.) Otherwise, the For Life Guarantee remains effective until the date this GMWB endorsement is terminated or until the Continuation Date on which this GMWB endorsement is continued under spousal continuation. Please see the “Termination” subsection below to understand under what conditions this GMWB endorsement and, accordingly, the For Life Guarantee can be terminated.
In addition, if the For Life Guarantee is not yet in effect, withdrawals that cause the Contract Value to reduce to zero void the For Life Guarantee and it will never become effective. See “Contract Value is Zero” below for more information.
|
||
|
●
|
If the For Life Guarantee is not in effect, the guarantee lasts until the earlier of (1) the date of death of the Owner (or any joint Owner) or (2) the date when all withdrawals under the Contract equal the Guaranteed Withdrawal Balance (GWB), without regard to Contract Value.
|
|
|
The GWB is the guaranteed amount available for future periodic withdrawals.
|
||
|
In the event of the Owner's death, a spousal Beneficiary may continue this GMWB endorsement under spousal continuation. In that event, the GWB is payable until depleted. (Please see the “Spousal Continuation” subsection below for more information.) If the Beneficiary is a non-spousal Beneficiary, the GWB is void and this endorsement is terminated; therefore, the Owner's death may have a significant negative impact on the value of this GMWB endorsement and cause the endorsement to prematurely terminate.
|
||
|
On the Contract Issue Date –
|
The GWB equals initial Premium net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013 ) any Contract Enhancement.
|
|
The GAWA is determined based on the Owner's (or oldest joint Owner’s) attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the partial withdrawal. See the GAWA percentage table below.
|
|
When this GMWB is added to the Contract on any Contract Anniversary, as subject to availability –
|
The GWB equals Contract Value , minus (for endorsements issued on or after April 29, 2013 ) any recapture charges that would be assessed on a full withdrawal .
|
|
The GAWA is determined based on the Owner's (or oldest joint Owner’s) attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the partial withdrawal. See the GAWA percentage table below.
|
|
5% and 6% Bonus Options
|
7% Bonus Option
|
|||||
|
Ages
|
Base GAWA% Table
|
Optional Income Upgrade Table
|
Ages
|
Base GAWA% Table
|
Optional Income Upgrade Table
|
|
|
35 – 64
|
3.75%
|
4.00%
|
35 – 64
|
3.75%
|
4.00%
|
|
|
65 – 74
|
4.75%
|
5.00%
|
65 – 69
|
4.25%
|
4.50%
|
|
|
75 – 80
|
5.25 %
|
5.50 %
|
70 – 74
|
4.75%
|
5.00%
|
|
|
81+
|
5.75 %
|
6.00 %
|
75 – 80
|
5.25 %
|
5.50 %
|
|
|
81+
|
5.75 %
|
6.00 %
|
||||
|
When a withdrawal,
plus all prior withdrawals in the current Contract Year, is less than or equal to the greater of
the GAWA or RMD, as applicable –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the withdrawal less the withdrawal; Or
|
||
|
●
|
Zero.
|
||
|
The GAWA is unchanged.
|
|||
|
●
|
The amount by which the cumulative partial withdrawals for the current Contract Year exceeds the greater of the GAWA or the RMD, as applicable.
|
|
●
|
The Contract Anniversary on or immediately following the Owner's (or oldest joint Owner's) 70 th birthday (71 st birthday for endorsements issued before April 29, 2013 ) , Or
|
|
●
|
The 12 th Contract Anniversary (10 th Contract Anniversary for endorsements issued before April 29, 2013 ) following the effective date of this endorsement.
|
|
●
|
On the effective date of this endorsement, the GWB Adjustment is equal to 200% of the GWB, subject to a maximum of $5,000,000.
|
|
●
|
With each subsequent Premium received after this GMWB is effective and prior to the first Contract Anniversary following this GMWB's effective date, the GWB Adjustment is recalculated to equal the GWB Adjustment prior to the Premium payment plus 200% of the sum of i) the Premium payment net of any applicable Premium taxes, and ii) (for endorsements issued before April 29, 2013 ) any Contract Enhancement, subject to a maximum of $5,000,000. (See Example s 4 and 5 in Appendix D under section “IV. LifeGuard Freedom Flex”.)
|
|
●
|
With each subsequent Premium received on or after the first Contract Anniversary following this GMWB's effective date, the GWB Adjustment is recalculated to equal the GWB Adjustment prior to the Premium payment plus the amount of the Premium payment, net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013 ) any Contract Enhancements, subject to a maximum of $5,000,000. (See Example s 4 and 5 in Appendix D under section “IV. LifeGuard Freedom Flex”.)
|
|
With each subsequent Premium payment on the Contract –
|
The GWB is recalculated, increasing by the amount of the Premium net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013 ) any Contract Enhancement.
|
||
|
If the Premium payment is received after the first withdrawal, the GAWA is also recalculated, increasing by:
|
|||
|
●
|
The GAWA percentage multiplied by the sum of i) the subsequent Premium payment net of any applicable Premium taxes, and ii) (for endorsements issued before April 29, 2013 ) any Contract Enhancement; Or
|
||
|
●
|
The GAWA percentage multiplied by the increase in the GWB – if the maximum GWB is hit.
|
||
|
When a withdrawal, plus all prior withdrawals in the current Contract Year, is less than or equal to the greater of the GAWA or RMD, as applicable –
|
The quarterly adjusted Contract Value is equal to the greater of:
|
||
|
●
|
The quarterly adjusted Contract Value before the withdrawal less the withdrawal; Or
|
||
|
●
|
Zero.
|
||
|
When a withdrawal, plus all prior withdrawals in the current Contract Year, exceeds the greater of the GAWA or RMD, as applicable –
|
The quarterly adjusted Contract Value is equal to the greater of:
|
||
|
●
|
The quarterly adjusted Contract Value prior to the partial withdrawal, first reduced dollar-for-dollar for any portion of the partial withdrawal not defined as an Excess Withdrawal (see above), then reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal; Or
|
||
|
●
|
Zero.
|
||
|
With a step-up –
|
The GWB equals the Contract Value, as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value. (subject to a $5 million maximum).
|
||
|
If the Contract Value, as determined based on (as applicable) the Contract Anniversary Value or the Highest Quarterly Contract Value, is greater than the BDB is prior to the step-up, then the BDB is set to equal that greater Contract Value (not subject to any maximum amount); and, if the step-up occurs after the first withdrawal, the GAWA percentage is recalculated based on the attained age of the Owner.
|
|||
|
●
|
If there are joint Owners, the GAWA percentage is recalculated based on the oldest joint Owner.
|
||
|
●
|
The GAWA percentage will not be recalculated upon step-ups following Spousal Continuation.
|
||
|
For all Contracts to which this GMWB is added, if the step-up occurs after the first withdrawal, the GAWA is recalculated, equaling the greater of:
|
|||
|
●
|
The GAWA percentage (as adjusted by any increase that occurs pursuant to the same step-up) multiplied by the new GWB, Or
|
||
|
●
|
The GAWA prior to step-up.
|
||
|
After each payment when the Contract Value is zero –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the payment less the payment; Or
|
||
|
●
|
Zero.
|
||
|
The GAWA is unchanged. At the end of each Contract Year, if the GWB is less than the GAWA and the For Life Guarantee is not in effect, the GAWA is set equal to the GWB.
|
|||
|
●
|
Continue the Contract with this GMWB – so long as Contract Value is greater than zero, and the Contract is still in the accumulation phase. (The date the spousal Beneficiary's election to continue the Contract is in Good Order is called the Continuation Date.)
|
||
|
○
|
Upon the Owner's death, the For Life Guarantee is void.
|
||
|
○
|
Only the GWB is payable while there is value to it (until depleted).
|
||
|
○
|
The GWB Adjustment provision is void.
|
||
|
○
|
Step-ups will continue as permitted in accordance with the step-up rules above.
|
||
|
○
|
Contract Anniversaries will continue to be based on the Contract's Issue Date.
|
||
|
○
|
If the GAWA percentage has not yet been determined, the GAWA percentage will be based on the original Owner's (or oldest joint Owner's) attained age on the continuation date (as if that person survived to that date). The GAWA percentage will not change on future step-ups, even if the Contract Value, as determined based on (as applicable) either the Contract Anniversary Value or the Highest Quarterly Contract Value, exceeds the BDB.
|
||
|
○
|
The Latest Income Date is based on the age of the surviving spouse. Please refer to “Annuitization” subsection below for information regarding the availability of the “Specified Period Income of the GAWA” option if the GWB has been continued by a spousal Beneficiary upon the death of the original Owner.
|
||
|
●
|
Continue the Contract without this GMWB (GMWB is terminated).
|
||
|
●
|
Add this GMWB to the Contract on any Contract Anniversary after the Continuation Date, subject to the Beneficiary's eligibility – if the spousal Beneficiary terminated the GMWB in continuing the Contract.
|
||
|
●
|
The Income Date;
|
|
|
●
|
The date of complete withdrawal of Contract Value (full surrender of the Contract);
|
|
|
In surrendering your Contract, you will receive the Contract Value less any applicable charges and adjustments and not the GWB or the GAWA you would have received under this GMWB.
|
||
|
●
|
Conversion of this GMWB (if conversion is permitted);
|
|
|
●
|
The date of the Owner's death (or any Owner's death with joint Owners), unless the Beneficiary who is the Owner's spouse elects to continue the Contract with the GMWB;
|
|
|
●
|
The Continuation Date if the spousal Beneficiary elects to continue the Contract without the GMWB; or
|
|
|
●
|
The date all obligations for payment under this GMWB are satisfied after the Contract has terminated pursuant to the termination provisions of the Contract.
|
|
|
●
|
How the bonus is calculated;
|
|
●
|
What happens to the Bonus Base (and bonus) with a withdrawal, Premium payment, and any step-up;
|
|
●
|
For how long the bonus is available; and
|
|
●
|
When and what happens when the bonus is applied to the GWB.
|
|
The bonus equals 5, 6 or 7% of the Bonus Base. The Bonus Base may vary after this GMWB is added to the Contract, as described immediately below.
|
||||
|
●
|
When this GMWB is added to the Contract, the Bonus Base equals the GWB.
|
|||
|
●
|
With a withdrawal, if that withdrawal, and all prior withdrawals in the current Contract Year, exceeds the greater of the GAWA and the RMD, as applicable, then the Bonus Base is set to the lesser of the GWB after, and the Bonus Base before, the withdrawal. Otherwise, there is no adjustment to the Bonus Base with withdrawals.
|
|||
|
○
|
All withdrawals count, including: systematic withdrawals; RMDs for certain tax-qualified Contracts; withdrawals of asset allocation and advisory fees; and free withdrawals under the Contract.
|
|||
|
○
|
A withdrawal in a Contract Year during the Bonus Period (defined below) precludes a bonus for that Contract Year.
|
|||
|
●
|
With a Premium payment, the Bonus Base increases by the amount of the Premium payment net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013 ) any Contract Enhancements.
|
|||
|
●
|
With any step-up (if the GWB increases upon step-up), the Bonus Base is set to the greater of the GWB after, and the Bonus Base before, the step-up.
|
|||
|
The Bonus Base can never be more than $5 million.
|
||||
|
The bonus is applied at the end of each Contract Year during the Bonus Period, if there have been no withdrawals during that Contract Year. Conversely, any withdrawal, including but not limited to systematic withdrawals and required minimum distributions, taken in a Contract Year during the Bonus Period causes the bonus not to be applied.
When the bonus is applied:
|
||||
|
●
|
The GWB is recalculated, increasing by 5, 6 or 7% (as applicable) of the Bonus Base.
|
|||
|
●
|
If the Bonus is applied after the first withdrawal (in a prior year), the GAWA is then recalculated, equaling the greater of the GAWA percentage multiplied by the new GWB or the GAWA before the bonus.
|
|||
|
Applying the bonus to the GWB does not affect the Bonus Base, GWB Adjustment or BDB.
|
||||
|
The Bonus is only available during the Bonus Period. The Bonus Period begins on the effective date of this GMWB endorsement. In addition, the Bonus Period will re-start at the time the Bonus Base increases due to a step-up so long as the step-up occurs on or before the Contract Anniversary immediately following the Owner’s (if joint Owners, the oldest Owner’s) 80th birthday. (See example below.)
|
||||
|
●
|
The tenth Contract Anniversary following (1) the effective date of the endorsement or (2) the most recent increase to the Bonus Base due to a step-up, if later; or
|
|||
|
●
|
The date the Contract Value is zero.
|
|||
|
The Bonus Base will continue to be calculated even after the Bonus Period expires. Therefore, it is possible for the Bonus Period to expire and then re-start on a later Contract Anniversary if the Bonus Base increases due to a step-up Such a restart, however, will not reinstate any bonus that would have been credited on a prior date that was not within a Bonus Period.
|
||||
|
The purpose of the re-start provision is to extend the period of time over which the Owner is eligible to receive a bonus. For example, assume this GMWB is added to a Contract on December 1, 2013 . At that time, the bonus period is scheduled to expire on December 1, 2023 (which is the tenth Contract Anniversary following the effective date of the endorsement). If a step-up increasing the Bonus Base occurs on the third Contract Anniversary following the effective date of the endorsement (December 1, 2016 ), and the Owner is younger than age 80, the Bonus Period will re-start and will be scheduled to expire on December 1, 2026 . Further, assuming that the next Bonus Base increase due to a step-up does not occur until December
1, 2028 (which is two years after the Bonus Period in this example expired) and that the Owner is still younger than age 80 at that time, the Bonus Period would re-start on December 1, 2028 , and would be scheduled to expire on December 1, 2038 . (Please also see Examples 8 and 9 in Appendix D under section “IV. LifeGuard Freedom Flex” for more information regarding the re-start provision.)
|
||||
|
Spousal continuation of a Contract with this GMWB does not affect the Bonus Period; Contract Anniversaries are based on the Contract's Issue Date.
|
||||
|
●
|
This guarantee lasts for the duration of the life of the last surviving Covered Life (the "For Life Guarantee") if the For Life Guarantee is in effect;
|
|
|
The For Life Guarantee becomes effective on the Contract Anniversary on or immediately following the youngest Covered Life attaining the age of 59 1/2. If the youngest Covered Life is 59 1/2 years old or older on the endorsement's effective date, then the For Life Guarantee is effective when this GMWB is added to the Contract.
|
||
|
If the For Life Guarantee is in effect, it will be terminated if a withdrawal exceeds the permissible amounts and reduces the Contract Value to zero. (Please see the "Contract Value is Zero" subsection below to understand what happens when the Contract Value is reduced to zero.) Otherwise, the For Life Guarantee remains effective until the date this GMWB endorsement is terminated or until the Continuation Date on which a spousal Beneficiary who is not a Covered Life continues this GMWB endorsement under spousal continuation. Please see the “Termination” subsection below to understand under what conditions this GMWB endorsement and, accordingly, the For Life Guarantee can be terminated.
|
||
|
In addition, if the For Life Guarantee is not yet in effect, withdrawals that cause the Contract Value to reduce to zero void the For Life Guarantee, and it will never become effective. See “Contract Value is Zero” below for more information.
|
||
|
●
|
If the For Life Guarantee is not in effect, the guarantee lasts until the earlier of (1) the date of the death of the last surviving Covered Life or (2) the date when all withdrawals under the Contract equal the Guaranteed Withdrawal Balance (GWB), without regard to Contract Value.
|
|
|
The GWB is the guaranteed amount available for future periodic withdrawals.
|
||
|
In the event of the last surviving Covered Life's death, a spousal Beneficiary who is not a Covered Life may continue this GMWB endorsement under spousal continuation. In that event, the GWB is payable until depleted. (Please see the “Spousal Continuation” subsection below for more information.) If the Beneficiary is a non-spousal Beneficiary, the GWB is void and this endorsement is terminated; therefore, the death of the last surviving Covered Life may have a significant negative impact on the value of this GMWB endorsement and cause the endorsement to prematurely terminate.
|
||
|
When this GMWB is added to
the Contract on the Issue Date –
|
The GWB equals initial Premium net of any applicable Premium taxes, plus any Contract Enhancements.
|
|
The GAWA is determined based on the youngest Covered Life's attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the partial withdrawal. See the GAWA percentage table below.
|
|
When this GMWB is added to
the Contract on any Contract
|
The GWB equals Contract Value.
|
|
Anniversary –
|
The GAWA is determined based on the youngest Covered Life's attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the partial withdrawal. See the GAWA percentage table below.
|
|
Ages
|
Base GAWA% Table
|
Optional Income Upgrade Table
|
|
35 – 64
|
3.75%
|
4.00%
|
|
65 – 69
|
4.25%
|
4.50%
|
|
70 – 74
|
4.75%
|
5.00%
|
|
75 – 80
|
5.75%
|
6.00%
|
|
81+
|
6.75%
|
7.00%
|
|
When a withdrawal, plus all prior withdrawals in the current Contract Year, is less than or equal to the greater of the
GAWA or RMD, as applicable –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the withdrawal less the withdrawal; Or
|
||
|
●
|
Zero.
|
||
|
The GAWA is unchanged.
|
|||
|
●
|
The amount by which the cumulative partial withdrawals for the current Contract Year exceeds the greater of the GAWA or the RMD, as applicable.
|
|
●
|
The Contract Anniversary on or immediately following the youngest Covered Life's 82nd birthday, Or
|
|
●
|
On the effective date of this endorsement, the GWB Adjustment is equal to 200% of the GWB, subject to a maximum of $5,000,000.
|
|
●
|
With each subsequent Premium received after this GMWB is effective and prior to the first Contract Anniversary following this GMWB's effective date, the GWB Adjustment is recalculated to equal the GWB Adjustment prior to the Premium payment plus 200% of the sum of i) the Premium payment, net of any
|
|
|
applicable Premium taxes, and ii) any Contract Enhancement, subject to a maximum of $5,000,000. (See Example 5 in Appendix D under section “IV. LifeGuard Freedom Flex”.)
|
|
●
|
With each subsequent Premium received on or after the first Contract Anniversary following this GMWB's effective date, the GWB Adjustment is recalculated to equal the GWB Adjustment prior to the Premium payment plus the amount of the Premium payment, net of any applicable Premium taxes, plus any Contract Enhancements, subject to a maximum of $5,000,000. (See Example 5 in Appendix D under section “IV. LifeGuard Freedom Flex”.)
|
|
With each subsequent Premium payment on the Contract –
|
The GWB is recalculated, increasing by the amount of the Premium net of any applicable Premium taxes, plus any Contract Enhancements.
|
||
|
If the Premium payment is received after the first withdrawal, the GAWA is also recalculated, increasing by:
|
|||
|
●
|
The GAWA percentage multiplied by the sum of i) the subsequent Premium payment net of any applicable Premium taxes, and ii) any Contract Enhancement; Or
|
||
|
●
|
The GAWA percentage multiplied by the increase in the GWB – if the maximum GWB is hit.
|
||
|
When a withdrawal, plus all prior withdrawals in the current Contract Year, is less than or equal to the greater of the GAWA or RMD, as applicable –
|
The quarterly adjusted Contract Value is equal to the greater of:
|
||
|
●
|
The quarterly adjusted Contract Value before the withdrawal less the withdrawal; Or
|
||
|
●
|
Zero.
|
||
|
When a withdrawal,
plus all prior withdrawals in the current Contract Year, exceeds the greater of the GAWA or RMD, as applicable – |
The quarterly adjusted Contract Value is equal to the greater of:
|
||
|
●
|
The quarterly adjusted Contract Value prior to the partial withdrawal, first reduced dollar-for-dollar for any portion of the partial withdrawal not defined as an Excess Withdrawal (see above), then reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal; Or
|
||
|
●
|
Zero.
|
||
|
With a Step-up –
|
The GWB equals the Contract Value, as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, subject to a $5 million maximum.
|
||
|
If the Contract Value, as determined based on (as applicable) the Contract Anniversary Value or the Highest Quarterly Contract Value is greater than the BDB is prior to the step-up, then the BDB is set to equal that greater Contract Value (not subject to any maximum amount); and, if the step-up occurs after the first withdrawal, the GAWA percentage is recalculated based on the attained age of the youngest Covered Life.
|
|||
|
●
|
The GAWA percentage will not be recalculated upon step-ups following Spousal Continuation if the spouse electing Spousal Continuation is not a Covered Life.
|
||
|
For all Contracts to which this GMWB is added, if the step-up occurs after the first withdrawal, the GAWA is recalculated, equaling the greater of:
|
|||
|
●
|
The GAWA percentage (as adjusted by any increase that occurs pursuant to the same step-up) multiplied by the new GWB, Or
|
||
|
●
|
The GAWA prior to step-up.
|
||
|
After each payment when the Contract Value is
zero –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the payment less the payment; Or
|
||
|
●
|
Zero.
|
||
|
The GAWA is unchanged. At the end of each Contract Year, if the GWB is less than the GAWA and the For Life Guarantee is not in effect, the GAWA is set equal to the GWB.
|
|||
|
●
|
Continue the Contract with this GMWB – so long as Contract Value is greater than zero, and the Contract is still in the accumulation phase. (The date the spousal Beneficiary's election to continue the Contract is in Good Order is called the Continuation Date.)
|
||
|
○
|
If the surviving spouse is a Covered Life, then the For Life Guarantee remains effective on and after the Continuation Date.
|
||
|
If the surviving spouse is not a Covered Life, the For Life Guarantee is null and void. However, the surviving spouse will be entitled to make withdrawals until the GWB is exhausted.
|
|||
|
○
|
For a surviving spouse who is a Covered Life, continuing the Contract with this GMWB is necessary to be able to fully realize the benefit of the For Life Guarantee. The For Life Guarantee is not a separate guarantee and only applies if the related GMWB has not terminated.
|
||
|
○
|
If the surviving spouse is a Covered Life and a GWB Adjustment provision is in force on the Continuation Date then the provision will continue to apply in accordance with the applicable GWB Adjustment provision rules above. The GWB Adjustment date will continue to be based on the original effective date of the endorsement or the youngest Covered Life's attained age, as applicable.
If the surviving spouse is not a Covered Life, any GWB Adjustment is null and void.
|
||
|
○
|
Step-ups will continue as permitted in accordance with the step-up rules above.
New GAWA percentages will continue to be determined in accordance with the step-up rules above if the continuing spouse is a Covered Life. No such new GAWA percentages will be determined subsequent to continuation by a spouse who is not a Covered Life.
|
||
|
○
|
Contract Anniversaries will continue to be based on the original Contract's Issue Date.
|
||
|
○
|
If the surviving spouse is a Covered Life, the GAWA percentage will continue to be calculated and/or recalculated based on the youngest Covered Life's attained age.
|
||
|
○
|
If the surviving spouse is not a Covered Life and if the GAWA percentage has not yet been determined, the GAWA percentage will be based on the youngest Covered Life's attained age on the Continuation Date (as if that person survived to that date).
|
||
|
○
|
The Latest Income Date is based on the age of the surviving spouse. Please refer to “Annuitization” subsection below for information regarding the additional Income Options available on the Latest Income Date.
|
||
|
○
|
A new joint Owner may not be added in a non-qualified Contract if a surviving spouse continues the Contract.
|
||
|
●
|
Continue the Contract without this GMWB (GMWB is terminated) if the surviving spouse is not a Covered Life. Thereafter, no GMWB charge will be assessed. If the surviving spouse is a Covered Life, the Contract cannot be continued without this GMWB.
|
||
|
●
|
The Income Date;
|
|
|
●
|
The date of complete withdrawal of Contract Value (full surrender of the Contract);
|
|
|
In surrendering your Contract, you will receive the Contract Value less any applicable charges and adjustments and not the GWB or the GAWA you would have received under this GMWB.
|
||
|
●
|
Conversion of this GMWB (if conversion is permitted);
|
|
|
●
|
The date of death of the Owner (or any joint Owner), unless the Beneficiary who is the Owner's spouse elects to continue the Contract with the GMWB (continuing the Contract with this GMWB is necessary to be able to fully realize the benefit of the For Life Guarantee if the surviving spouse is a Covered Life);
|
|
|
●
|
The Continuation Date on a Contract if the spousal Beneficiary, who is not a Covered Life, elects to continue the Contract without the GMWB; or
|
|
|
●
|
The date all obligations for payment under this GMWB are satisfied after the Contract has terminated pursuant to the termination provisions of the Contract.
|
|
|
●
|
How the bonus is calculated;
|
|
●
|
What happens to the Bonus Base (and bonus) with a withdrawal, Premium payment, and any step-up;
|
|
●
|
For how long the bonus is available; and
|
|
●
|
When and what happens when the bonus is applied to the GWB.
|
|
The purpose of the re-start provision is to extend the period of time over which the Owner is eligible to receive a bonus. For example, assume this GMWB was added to a Contract on December 1, 2013 . At that time, the bonus period is scheduled to expire on December 1, 2023 (which is the tenth Contract Anniversary following the effective date of the endorsement). If a step-up increasing the Bonus Base occurs on the third Contract Anniversary following the effective date of the endorsement (December 1, 2016 ), and the youngest Covered Life is younger than age 80, the Bonus Period will re-start and will be scheduled to expire on December 1, 2026 . Further, assuming that the next Bonus Base increase due to a step-up does not occur
until December 1, 2028 (which is two years after the Bonus Period in this example expired) and that the youngest Covered Life is still younger than age 80 at that time, the Bonus Period would re-start on December 1, 2028 , and would be scheduled to expire on December 1, 2038 . (Please also see Examples 8 and 9 in Appendix D under section “IV. LifeGuard Freedom Flex” for more information regarding the re-start provision.)
|
|
Spousal continuation of a Contract with this GMWB does not affect the Bonus Period; Contract Anniversaries are based on the Contract's Issue Date.
|
|
·
|
For Owners age 70 or younger on the date this GMWB is issued, this GMWB must be elected no later than five years after the date of the death of the original owner. For Owners age 71 through age 80 on the date this GMWB is issued, this GMWB must be elected before the Owner begins taking distributions (or is required to begin taking distributions) to meet the stretch minimum distribution requirements. For endorsements issued before April 29, 2013, eligible owners of any age must have elected the GMWB before the Owner began taking distributions (or was required to begin taking distributions) to meet the stretch minimum distribution requirements.
|
|
·
|
This GMWB is not available if a trust was the designated beneficiary of the death benefit proceeds and as a result the Owner must apply the life expectancy payout method using an age different from his or her own.
|
|
·
|
The Owner must meet the applicable minimum distribution requirements by electing the life expectancy payout method as defined under the Code applicable to beneficiaries. This GMWB is not available if the Owner uses other payout methods, including payout methods available only for surviving spouses under special Code rules.
|
|
·
|
The Owner must commence the minimum distributions not later than 1 year after the deceased owner’s death (for non-qualified Contracts) or not later than the end of the calendar year following the calendar year in which the deceased owner died (for tax-qualified Contracts).
|
|
·
|
Until all withdrawals under the Contract equal the Guaranteed Withdrawal Balance (GWB), without regard to Contract Value (The GWB is the guaranteed amount available for future periodic withdrawals); or
|
|
·
|
The Contract Anniversary occurring in the GMWB Maturity Year (please see the “GMWB Maturity Year” section on page 115).
|
|
When this GMWB is added to the Contract on the Issue Date –
|
The GWB equals initial Premium net of any applicable Premium taxes.
|
|
The GAWA is determined based on the Owner's attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the partial withdrawal. See the GAWA percentage table below.
|
|
When this GMWB is added to the Contract after the Issue Date –
|
The GWB equals Contract Value less the recapture charge on any Contract Enhancement.
|
|
The GAWA is determined based on the Owner's attained age at the time of first withdrawal and equals the GAWA percentage multiplied by the GWB prior to the partial withdrawal. See the GAWA percentage table below.
|
|
Ages
|
GAWA Percentage
|
|
0 – 54
|
4.5%
|
|
55 – 59
|
5.0%
|
|
60+
|
5.5%
|
|
When a withdrawal, plus all prior withdrawals in the current Contract Year, is less than or equal to the greater of the GAWA or Stretch RMD, as applicable –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the withdrawal less the withdrawal; Or
|
||
|
●
|
Zero.
|
||
|
The GAWA and the GMWB Charge Base are unchanged. At the end of each Contract Year, if the GWB is less than the GAWA, the GAWA is set equal to the GWB.
|
|||
|
●
|
The total amount of the current partial withdrawal, Or
|
|
●
|
The amount by which the cumulative partial withdrawals for the current Contract Year exceeds the greater of the GAWA or the Stretch RMD, as applicable.
|
|
STRETCH RMD NOTES: Notice of a Stretch RMD is required at the time of your withdrawal request, and there is an administrative form for such notice. The administrative form allows for one time or systematic withdrawals. We may require you to set up a systematic withdrawal program to meet the Stretch RMDs. Eligible withdrawals that are specified as Stretch RMDs may only be taken based on the value of the Contract to which the endorsement applies, even where the Internal Revenue Code allows for the taking of Stretch RMDs for multiple contracts from a single contract. You, as Owner, are responsible for complying with the Internal Revenue Code's Stretch RMD requirements. If your requested Stretch RMD exceeds our calculation of the Stretch RMD for your contract, your request will not be eligible for the waiver of any applicable charges (i.e. withdrawal charges and recapture charges) and we will impose those
charges, which will be reflected in the confirmation of the transaction. For information regarding the Stretch RMD calculation for your Contract, please contact our Annuity Service Center. Our contact information is on the cover page of this prospectus.
Under the Internal Revenue Code, Stretch RMDs are calculated and taken on a calendar year basis. But with this GMWB, the GAWA is based on Contract Years. Because the intervals for the GAWA and Stretch RMDs are different, the endorsement's guarantees may be more susceptible to being compromised. With tax-qualified Contracts, if the sum of your total partial withdrawals in a Contract Year exceeds the greatest of the Stretch RMD for each of the two calendar years occurring in that Contract Year and the GAWA for that Contract Year, then the GWB and GAWA could be adversely recalculated, as described above. (If your Contract Year is the same as the calendar year, then the sum of your total partial withdrawals should
|
|
not exceed the greater of the Stretch RMD and the GAWA.) Below is an example of how this modified limit would apply.
|
|
Assume a tax-qualified Contract with a Contract Year that runs from July 1 to June 30, and that there are no withdrawals other than as described. The GAWA for the 2014 Contract Year (ending June 30) is $10. The Stretch RMDs for calendar years 2013 and 2014 are $14 and $16, respectively.
|
|
If the Owner takes $7 in each of the two halves of calendar year 2013 and $8 in each of the two halves of calendar year 2014 , then at the time the withdrawal in the first half of calendar year 2014 is taken, the Owner will have withdrawn $15. Because the sum of the Owner's withdrawals for the 2014 Contract Year is less than the higher Stretch RMD for either of the two calendar years occurring in that Contract Year, the GWB and GAWA would not be adversely recalculated.
|
|
Examples that are relevant or specific to tax-qualified Contracts, illustrating this GMWB, in varying circumstances and with specific factual assumptions, are at the end of the prospectus in Appendix D under section “V. MarketGuard Stretch”, particularly examples 4 and 5. Please consult the representative who is helping, or who helped, you purchase your tax-qualified Contract, and your tax adviser, to be sure that this GMWB ultimately suits your needs relative to your Stretch RMD.
|
|
With each subsequent Premium payment on the Contract -
|
The GWB is recalculated, increasing by the amount of the Premium net of any applicable Premium taxes.
|
||
|
If the Premium payment is received after the first withdrawal, the GAWA is also recalculated, increasing by:
|
|||
|
●
|
The GAWA percentage multiplied by the subsequent Premium payment net of any applicable Premium taxes; Or
|
||
|
●
|
The GAWA percentage multiplied by the increase in the GWB – if the maximum GWB is hit.
|
||
|
Age
|
GMWB Maturity Year
|
Age
|
GMWB Maturity Year
|
Age
|
GMWB Maturity Year
|
||
|
0
|
82
|
27
|
56
|
54
|
30
|
||
|
1
|
81
|
28
|
55
|
55
|
29
|
||
|
2
|
80
|
29
|
54
|
56
|
28
|
||
|
3
|
79
|
30
|
53
|
57
|
27
|
||
|
4
|
78
|
31
|
52
|
58
|
26
|
||
|
5
|
77
|
32
|
51
|
59
|
26
|
||
|
6
|
76
|
33
|
50
|
60
|
25
|
||
|
7
|
75
|
34
|
49
|
61
|
24
|
||
|
8
|
74
|
35
|
48
|
62
|
23
|
||
|
9
|
73
|
36
|
47
|
63
|
22
|
||
|
10
|
72
|
37
|
46
|
64
|
21
|
||
|
11
|
71
|
38
|
45
|
65
|
20
|
|
12
|
70
|
39
|
44
|
66
|
20
|
||
|
13
|
69
|
40
|
43
|
67
|
19
|
||
|
14
|
68
|
41
|
42
|
68
|
18
|
||
|
15
|
67
|
42
|
41
|
69
|
17
|
||
|
16
|
66
|
43
|
40
|
70
|
16
|
||
|
17
|
65
|
44
|
39
|
71
|
16
|
||
|
18
|
64
|
45
|
38
|
72
|
15
|
||
|
19
|
63
|
46
|
37
|
73
|
14
|
||
|
20
|
62
|
47
|
36
|
74
|
14
|
||
|
21
|
62
|
48
|
35
|
75
|
13
|
||
|
22
|
61
|
49
|
35
|
76
|
12
|
||
|
23
|
60
|
50
|
34
|
77
|
12
|
||
|
24
|
59
|
51
|
33
|
78
|
11
|
||
|
25
|
58
|
52
|
32
|
79
|
10
|
||
|
26
|
57
|
53
|
31
|
80
|
10
|
|
After each payment when the Contract Value is zero –
|
The GWB is recalculated, equaling the greater of:
|
||
|
●
|
The GWB before the payment less the payment; Or
|
||
|
●
|
Zero.
|
||
|
The GAWA is unchanged. At the end of each Contract Year, if the GWB is less than the GAWA, the GAWA is set equal to the GWB.
|
|||
|
●
|
The Income Date;
|
|
●
|
The date of complete withdrawal of Contract Value (full surrender of the Contract);
|
|
In surrendering your Contract, you will receive the Contract Value less any applicable charges and adjustments and not the GWB or the GAWA you would have received under this GMWB.
|
|
●
|
the New York Stock Exchange is closed (other than customary weekend and holiday closings);
|
|
●
|
under applicable SEC rules, trading on the New York Stock Exchange is restricted;
|
|
●
|
under applicable SEC rules, an emergency exists so that it is not reasonably practicable to dispose of securities in an Investment Division or determine the value of its assets; or,
|
|
●
|
the SEC, by order, may permit for the protection of Contract Owners.
|
|
●
|
the amount of your Contract Value you allocate to the Investment Division(s) on the Income Date;
|
|
●
|
the amount of any applicable Premium taxes, recapture charges or withdrawal charges and any Interest Rate Adjustment deducted from your Contract Value on the Income Date;
|
|
●
|
which income option you select; and
|
|
●
|
the investment factors listed in your Contract that translate the amount of your Contract Value (as adjusted for applicable charges, frequency of payment and commencement date) into initial payment amounts that are measured by the number of Annuity Units of the Investment Division(s) you select credited to your Contract.
|
|
●
|
your Contract Value on the date we receive all required documentation from your Beneficiary; or
|
|
●
|
the total Premiums you have paid since your Contract was issued reduced for prior withdrawals (including any applicable charges and adjustments) in the same proportion that the Contract Value was reduced on the date of the withdrawal.
|
|
(a)
|
your Contract Value as of the end of the Business Day on which we receive all required documentation from your Beneficiary; or
|
|
(b)
|
total Net Premiums since your Contract was issued; or
|
|
(c)
|
your greatest Contract Value on any Contract Anniversary prior to your 81st birthday, minus any withdrawals (including any applicable withdrawal charges and adjustments), the Annual Contract Maintenance Charges, transfer charges, any applicable charges due under any optional endorsement and taxes subsequent to that Contract Anniversary, plus any Premiums paid (net of any applicable Premium taxes) subsequent to that Contract Anniversary. Annual Contract Maintenance Charges, transfer charges, any applicable charges due under any optional endorsement and taxes subsequent to that Contract Anniversary will not be deducted from your greatest Contract Value.
|
|
(a) = the GMDB Benefit Base on the Income Date; and
|
|
(b) = the Contract Value on the Income Date.
|
|
●
|
Life Income of the GAWA. If this income option is elected, the death benefit payable to the Beneficiary when due proof of the Owner’s (or either joint Owner’s) death is received by the Company in Good Order is equal to the GMWB Death Benefit as of the Income Date.
|
|
●
|
Specified Period Income of the GAWA. If this income option is elected, the death benefit payable to the Beneficiary when due proof of the Owner’s (or either joint Owner’s) death is received by the Company in Good Order is equal to the GMWB Death Benefit as of the Income Date.
If, under this income option, no Owner is deceased as of the date that the final payment of the remaining GWB is due, the death benefit will be payable in a lump sum to the Owner(s) along with the remaining GWB.
|
|
●
|
Life Income. If this income option is elected and the Owner is the Annuitant or is a non-natural person, the death benefit payable to the Beneficiary when due proof of the Annuitant’s death is received by the Company in Good Order is equal to the excess, if any, of (a) minus (b) where:
(a) = the GMWB Death Benefit on the Income Date; and
(b) = the Contract Value on the Income Date.
|
|
●
|
Joint and Survivor. If this income option is elected and the Owner is the Annuitant or is a non-natural person, the death benefit payable to the Beneficiary when due proof of the survivor payee’s death is received by the Company in Good Order is equal to the excess, if any, of (a) minus (b) where:
(a) = the GMWB Death Benefit on the Income Date; and
(b) = the Contract Value on the Income Date.
|
|
●
|
Life Annuity With at Least 120 Monthly Payments. If this income option is elected and the Owner is the Annuitant or is a non-natural person, the death benefit payable to the Beneficiary when due proof of the Annuitant’s death is received by the Company in Good Order is equal to the excess, if any, of (a) minus (b) where:
(a) = the GMWB Death Benefit on the Income Date; and
(b) = the Contract Value on the Income Date.
|
|
●
|
single lump sum payment; or
|
|
●
|
payment of entire death benefit within 5 years of the date of death; or
|
|
●
|
payment of the entire death benefit under an income option over the Beneficiary's lifetime or for a period not extending beyond the Beneficiary's life expectancy; or payment of a portion of the death benefit under an income option over the Beneficiary's lifetime or for a period not extending beyond the Beneficiary's life expectancy, with the balance of the death benefit payable to the Beneficiary. Any portion of the death benefit not applied under an income option within one year of the Owner's death, however, must be paid within five years of the date of the Owner's death.
|
|
●
|
paid on or after the date you reach age 59 1/2;
|
|
●
|
paid to your Beneficiary after you die;
|
|
●
|
paid if you become totally disabled (as that term is defined in the Code);
|
|
●
|
paid in a series of substantially equal periodic payments made annually (or more frequently) for your life (or life expectancy) or for a period not exceeding the joint lives (or joint life expectancies) of you and your Beneficiary;
|
|
●
|
paid under an immediate annuity; or
|
|
●
|
which come from Premiums made prior to August 14, 1982.
|
|
●
|
reaches age 59 1/2;
|
|
●
|
leaves his/her job;
|
|
●
|
dies;
|
|
●
|
becomes disabled (as that term is defined in the Code); or
|
|
●
|
experiences hardship. However, in the case of hardship, the Owner can only withdraw the Premium and not any earnings.
|
|
●
|
there was a written agreement providing for payments of the fees solely from the annuity Contract,
|
|
●
|
the Contract Owner had no liability for the fees and
|
|
●
|
the fees were paid solely from the annuity Contract to the adviser.
|
|
(a)
|
one of a series of substantially equal annual (or more frequent) payments made (a) over the life or life expectancy of the employee, (b) the joint lives or joint life expectancies of the employee and the employee's Beneficiary, or (c) for a specified period of ten years or more;
|
|
(b)
|
a required minimum distribution; or
|
|
(c)
|
a hardship withdrawal.
|
|
●
|
the Contract Value in the Investment Divisions, plus
|
|
●
|
any fees and expenses deducted from the Premium prior to allocation to the Investment Divisions, plus
|
|
●
|
the full amount of Premium you allocated to the Fixed Account (minus any withdrawals), minus
|
|
●
|
any withdrawals from the Fixed Account and applicable Contract Enhancement recapture charge.
|
|
●
|
Total return is the overall change in the value of an investment in an Investment Division over a given period of time.
|
|
●
|
Standardized average annual total return is calculated in accordance with SEC guidelines.
|
|
●
|
Non-standardized total return may be for periods other than those required by, or may otherwise differ from, standardized average annual total return. For example, if a Fund has been in existence longer than the Investment Division, we may show non-standardized performance for periods that begin on the inception date of the Fund, rather than the inception date of the Investment Division.
|
|
●
|
Yield refers to the income generated by an investment over a given period of time.
|
|
FACTS
|
WHAT DOES JACKSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK (Jackson of New York) DO WITH YOUR PERSONAL INFORMATION?
|
|
Why?
|
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
|
|
What?
|
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
· Social Security Number
· Birth Date
· Address
· Financial Information
· Medical History
When you are no longer our customer, we continue to share your information as described in this notice.
|
|
How?
|
All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Jackson of New York chooses to share; and whether you can limit this sharing.
|
|
Reasons we can share your personal information
|
Does Jackson of New York share?
|
Can you limit this sharing?
|
|
|
For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
|
Yes
|
No
|
|
|
For our marketing purposes – to offer our products and services to you
|
No
|
We don’t share
|
|
|
For joint marketing with other financial companies
|
No
|
We don’t share
|
|
|
For our affiliates’ everyday business purposes – information about your transactions and experiences
|
No
|
We don’t share
|
|
|
For our affiliates’ everyday business purposes – information about your creditworthiness
|
No
|
We don’t share
|
|
|
For nonaffiliates to market to you
|
No
|
We don’t share
|
|
|
Questions?
|
Call 1(800) 644-4565 or go to www.jackson.com
|
||
|
WHAT WE DO
|
|
|
How does Jackson of New York protect my personal information?
|
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
Employees are bound to a Code of Conduct requiring all information be kept in strict confidence, and are subject to disciplinary action for violation of the Code. We restrict access to nonpublic personal information to those employees who need to know that information to provide products and services to you.
|
|
How does Jackson of New York collect my personal information?
|
We collect your personal information, for example, from
· information we receive from you on applications and forms;
· information about your transactions with us;
· information we receive from a consumer reporting agency;
· information we obtain from others in the process of verifying information you provide us; and
· individually identifiable health information, such as your medical history, when you have applied for a life insurance policy.
|
|
Why can’t I limit all sharing?
|
Federal law gives you the right to limit only
· sharing for affiliates’ everyday business purposes – information about your credit worthiness
· affiliates from using your information to market to you
· sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
|
|
Definitions
|
|
|
Affiliates
|
Jackson of New York does not share with our affiliates.
|
|
Nonaffiliates
|
Jackson of New York does not share with nonaffiliates so they can market to you.
|
|
Joint Marketing
|
Jackson of New York does not jointly market.
|
|
THE STATEMENT OF ADDITIONAL INFORMATION
|
|
|
General Information and History
|
|
|
Services
|
|
|
Purchase of Securities Being Offered
|
|
|
Underwriters
|
|
|
Calculation of Performance
|
|
|
Additional Tax Information
|
|
|
Annuity Provisions
|
|
|
Net Investment Factor
|
|
|
Financial Statements of the Separate Account
|
|
|
Financial Statements of Jackson of NY
|
|
|
·
|
Have any responsibility or liability for or make any decisions about the timing, amount or pricing of the Products.
|
|
·
|
Have any responsibility or liability for the administration, management or marketing of the Products.
|
|
·
|
Consider the needs of the Products or the owners of the Products in determining, composing or calculating the Indexes or have any obligation to do so.
|
|
D ow Jones, SPDJI and their respective affiliates will not have any liability in connection with the Products. Specifically,
|
| ● |
Dow Jones, SPDJI and their respective affiliates do not make any warranty, express or implied, and Dow Jones, SPDJI and their respective affiliates disclaim any warranty about:
|
|
| ● |
The results to be obtained by the Products, the owners of the Products or any other person in connection with the use of the DJIA and the data included in the Indexes;
|
|
| ● |
The accuracy or completeness of the Indexes and its data;
|
|
| ● |
The merchantability and the fitness for a particular purpose or use of the Indexes and its data;
|
|
| ● |
Dow Jones, SPDJI and/or their respective affiliates will have no liability for any errors, omissions or interruptions in the Indexes or its data;
|
|
| ● |
Under no circumstances will Dow Jones, SPDJI and/or their respective affiliates be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if they know that they might occur.
|
|
|
T he licensing agreement relating to the use of the Indexes and trademarks referred to above by Jackson and SPDJI is solely for the benefit of the Products and not for any other third parties.
|
||
|
Goldman Sachs is a registered service mark of Goldman, Sachs & Co.
|
|
The Product(s) is not sponsored, endorsed, sold or promoted by The Nasdaq Stock Market, Inc. (including its affiliates) (Nasdaq, with its affiliates, are referred to as the Corporations). The Corporations have not passed on the legality or suitability of or the accuracy or adequacy of descriptions and disclosures relating to the Product(s). The Corporations make no representation or warranty, express or implied to the Owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly, or the ability of the Nasdaq-100 Index® to track general stock market performance. The Corporations’ only relationship to Jackson (Licensee) is in the licensing of the Nasdaq-100®, Nasdaq-100 Index® and Nasdaq® trademarks
or service marks, and certain trade names of the Corporations and the use of the Nasdaq-100 Index® which
|
| is determined, composed and calculated by Nasdaq without regard to Licensee or the Product(s). Nasdaq has no obligation to take the needs of the Licensee or the Owners of the Product(s) into consideration in determining, composing or calculating the Nasdaq-100 Index®. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Product(s).
The Corporations do not guarantee the accuracy and/or uninterrupted calculation of the Nasdaq-100 index® or any data included therein. The Corporations make no warranty, express or implied, as to results to be obtained by Licensee, Owners of the product(s) or any other person or entity from the use of the Nasdaq-100 Index® or any data included therein. The Corporations make no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Nasdaq-100 Index® or any data included therein. Without limiting any of the foregoing, in no event shall the Corporations have any liability for any lost profits or special, incidental, punitive, indirect or consequential damages,
even if notified of the possibility of such damages.
“The Nasdaq-100®,” “Nasdaq-100 Index®,” “Nasdaq Stock Market®” and “Nasdaq®” are trade or service marks of The Nasdaq, Inc. (which with its affiliates are the “Corporations”) and have been licensed for use by Jackson. The Corporations have not passed on the legality or suitability of the JNL/Mellon Capital Nasdaq®25 Fund, the JNL/Mellon Capital JNL Optimized 5 Fund, or the JNL/Mellon Capital VIP Fund. The JNL/Mellon Capital Nasdaq® 25 Fund, the JNL/Mellon Capital VIP Fund and the JNL/Mellon Capital JNL Optimized 5 Fund are not issued, endorsed, sponsored, managed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE JNL/MELLON CAPITAL NASDAQ®
25 FUND, THE JNL/MELLON CAPITAL VIP FUND AND THE JNL/MELLON CAPITAL JNL OPTIMIZED 5 FUND.
|
|
“NYSE®” is a registered mark of, and “NYSE International 100 IndexSM” is a service mark of, the New York Stock Exchange, Inc. (“NYSE”) and have been licensed for use for certain purposes by Jackson National Asset Management, LLC. The JNL/Mellon Capital NYSE® International 25 Fund is not sponsored, endorsed, sold or promoted by NYSE, and NYSE makes no representation regarding the advisability of investing in the JNL/Mellon Capital NYSE® International 25 Fund.
“NYSE International 100 IndexSM” is a service mark of NYSE Group, Inc. NYSE Group, Inc. has no relationship to Jackson National Asset Management, LLC, other than the licensing of the “NYSE International 100 IndexSM” (the “Index”) and its service marks for use in connection with the JNL/Mellon Capital NYSE® International 25 Fund.
NYSE Group, Inc. does not:
|
| ● |
Sponsor, endorse, sell or promote the JNL/Mellon Capital NYSE® International 25 Fund.
|
| ● |
Recommend that any person invest in the JNL/Mellon Capital NYSE® International 25 Fund or any other securities.
|
| ● |
Have any responsibility or liability for or make any decisions about the timing, amount or pricing of JNL/Mellon Capital NYSE® International 25 Fund.
|
| ● |
Have any responsibility or liability for the administration, management or marketing of the JNL/Mellon Capital NYSE® International 25 Fund.
|
| ● |
Consider the needs of the JNL/Mellon Capital NYSE® International 25 Fund or the owners of the JNL/Mellon Capital NYSE® International 25 Fund in determining, composing or calculating the NYSE International 100 IndexSM or have any obligation to do so.
|
|
NYSE Group, Inc. and its affiliates will not have any liability in connection with the JNL/Mellon Capital NYSE® International 25 Fund. Specifically,
|
||
| ● | NYSE Group, Inc. and its affiliates make no warranty, express or implied, and NYSE Group, Inc. and its affiliates disclaim any warranty about: | |
| ● |
The results to be obtained by the JNL/Mellon Capital NYSE® International 25 Fund, the owner of the JNL/Mellon Capital NYSE® International 25 Fund or any other person in connection with the use of the Index and the data included in the NYSE International 100 IndexSM;
|
|
| ● |
The accuracy or completeness of the Index and its data;
|
|
| ● |
The merchantability and the fitness for a particular purpose or use of the Index and its data;
|
|
| ● | NYSE Group, Inc. will have no liability for any errors, omissions or interruptions in the Index or its data; | |
| ● |
Under no circumstances will NYSE Group, Inc. or any of its affiliates be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if NYSE Group, Inc. knows that they might occur.
|
|
|
The licensing agreement between Jackson National Asset Management, LLC and NYSE Group, Inc. is solely for their benefit and not for the benefit of the owners of the JNL/Mellon Capital NYSE® International 25 Fund or any other third parties.
|
||
|
Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell is a trademark of Russell Investment Group.
JNL/Mellon Capital Small Cap Index Fund is not promoted, sponsored or endorsed by, nor in any way affiliated with Russell Investment Group (“Russell”). Russell is not responsible for and has not reviewed JNL/Mellon Capital Small Cap Index Fund nor any associated literature or publications and Russell makes no representation or warranty, express or implied, as to their accuracy, or completeness, or otherwise.
Russell reserves the right, at any time and without notice, to alter, amend, terminate or in any way change the Russell Indexes. Russell has no obligation to take the needs of any particular fund or its participants or any other product or person into consideration in determining, composing or calculating any of the Russell Indexes.
Russell’s publication of the Russell Indexes in no way suggests or implies an opinion by Russell as to the attractiveness or appropriateness of investment in any or all securities upon which the Russell Indexes are based. RUSSELL MAKES NO REPRESENTATION, WARRANTY, OR GUARANTEE AS TO THE ACCURACY COMPLETENESS, RELIABILITY, OR OTHERWISE OF THE RUSSELL INDEXES. RUSSELL MAKES NO REPRESENTATION, WARRANTY OR GUARANTEE REGARDING THE USE, OR THE RESULTS OF USE, OF THE RUSSELL INDEXES OR ANY DATA INCLUDED THEREIN, OR ANY SECURITY (OR COMBINATION THEREOF) COMPRISING THE RUSSELL INDEXES. RUSSELL MAKES NO OTHER EXPRESS OR IMPLIED WARRANTY, AND EXPRESSLY DISCLAIMS ANY WARRANTY, OF ANY KIND, INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTIBILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE RUSSELL INDEX(ES) OR ANY DATA OR ANY SECURITY (OR COMBINATION THEREOF) INCLUDED THEREIN.
|
|
|
|
“Value Line®,” “The Value Line Investment Survey,” and “Value Line TimelinessTM Ranking System” are trademarks of Value Line Securities, Inc. or Value Line Publishing, Inc. that have been licensed to Jackson. The JNL/Mellon Capital Value Line® 30 Fund, the JNL/Mellon Capital VIP Fund, and the JNL/Mellon Capital JNL Optimized 5 Fund are not sponsored, recommended, sold or promoted by Value Line Publishing, Inc., Value Line, Inc. or Value Line Securities, Inc. (“Value Line”). Value Line makes no representation regarding the advisability of investing in the JNL/Mellon Capital Value Line® 30 Fund, the JNL/Mellon Capital VIP Fund, and the JNL/Mellon Capital JNL Optimized 5 Fund. Jackson is not affiliated with any Value Line Company.
|
|
THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND ARE NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. (“MSCI”), ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY, THE “MSCI PARTIES”). THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY JACKSON NATIONAL ASSET MANAGEMENT, LLC. NONE OF THE MSCI PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND OR ANY OTHER
|
| PERSON OR ENTITY REGARDING THE ADVISABILITY OF INVESTING IN FUNDS GENERALLY OR IN THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE MSCI INDEXES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND OR THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND OR ANY OTHER PERSON OR ENTITY. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS OF THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND OR ANY OTHER PERSON
OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDEXES. NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY OR THE CONSIDERATION INTO WHICH THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND IS REDEEMABLE. FURTHER, NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND.
ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS RELIABLE, NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI PARTIES MAKES ANY
EXPRESS OR IMPLIED WARRANTIES OF ANY KIND, AND THE MSCI PARTIES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
|
|
Example 1
|
||||||
|
10/1/2012
|
: Contract Issue Date
|
|||||
|
$100,000.00
|
: Premium
|
|||||
|
4.00%
|
: Contract Enhancement Percentage
|
|||||
|
$4,000.00
|
: Contract Enhancement (Premium ($100,000) multiplied by the Contract Enhancement Percentage (4.00%))
|
|||||
|
6.00%
|
: Withdrawal Charge Percentage for Completed Year 3-4 (WC%)
|
|||||
|
2.50%
|
: Recapture Charge Percentage for Completed Year 3-4 (RC%)
|
|||||
|
5.50%
|
: Hypothetical Net Return
|
|||||
|
At end of Year 4
|
||||||
|
9/30/2016
|
||||||
|
$128,837.76
|
: Contract Value at end of Year 4
|
|||||
|
$100,000.00
|
: Net Withdrawal Amount (The amount requested to be sent.)
|
|||||
|
$28,837.76
|
: Earnings (Contract Value ($128,837.76) less Premium ($100,000)), which are presumed to be
|
|||||
|
withdrawn first and without charges.
|
||||||
|
$71,162.24
|
: Net Withdrawal Amount requested ($100,000) minus Earnings ($28,837.76).
|
|||||
|
$77,772.94
|
: Corresponding Premium. The amount to which the appropriate recapture charge percentage and withdrawal charge percentage are applied. This amount is determined by multiplying the Net Withdrawal Amount requested minus Earnings ($71,162.24) by a factor determined by the percentage amounts of the applicable charges. It is the actual amount of Premium that will need to be withdrawn to send the Contract Owner the Net Withdrawal Amount and apply the remainder to pay the charges to us. In this example, the corresponding Premium is specifically calculated as follows: $71,162.24 X (1/[1 – (6.00% + 2.50%)]) = $77,772.94. In this calculation, the 6.00% represents the WC%, and the 2.50% represents the RC%.
|
|||||
|
$100,000.00
|
: Net Withdrawal Amount
|
|||||
|
$4,666.38
|
: Withdrawal Charge: $77,772.94 multiplied by WC% (6.00%)
|
|||||
|
$1,944.32
|
: Recapture Charge: $77,772.94 multiplied by RC% (2.50%)
|
|||||
|
$106,610.70
|
: Total Withdrawal Amount (Net Withdrawal requested $100,000.00) plus the Withdrawal Charge ($4,666.38) and the Recapture Charge ($1,944.32) that is imposed on the withdrawal of Premium that is the total amount deducted from the Contract Value
|
|||||
|
$22,227.06
|
: Contract Value after Total Withdrawal ($128,837.76 less $106,610.70)
|
|||||
|
Example 2
|
||||||
|
10/1/2012
|
: Contract Issue Date
|
|||||
|
$100,000.00
|
: Premium 1
|
|||||
|
4.00%
|
: Contract Enhancement Percentage
|
|||||
|
$4,000.00
|
: Contract Enhancement (Premium ($100,000) multiplied by the Contract Enhancement Percentage (4.00%))
|
|||||
|
7.00%
|
: Withdrawal Charge Percentage for Completed Year 2-3 (WC%1)
|
|||||
|
2.50%
|
: Recapture Charge Percentage for Completed Year 2-3 (RC%1)
|
|||||
|
11/1/2014
|
||||||
|
$100,000.00
|
: Premium 2 received in Contract Year 2-3
|
|||||
|
3.00%
|
: Contract Enhancement Percentage for Premium received in Contract Year 2-3
|
|||||
|
$3,000.00
|
: Contract Enhancement (Premium ($100,000) multiplied by the Contract Enhancement Percentage (3.00%))
|
|||||
|
8.50%
|
: Withdrawal Charge Percentage for Completed Year 0-1 (since the receipt of the Premium) (WC%2)
|
|||||
|
2.50%
|
: Recapture Charge Percentage for Completed Year 0-1 (since the receipt of the Premium) (RC%2)
|
|||||
|
0.00%
|
: Hypothetical Net Return
|
|||||
|
12/15/2014
|
||||||
|
$207,000.00
|
: Contract Value
|
|||||
|
$150,000.00
|
: Net Withdrawal Amount (The amount requested to be sent.)
|
|||||
|
$7,000.00
|
: Earnings (Contract Value ($207,000) less Premiums ($200,000)), which are presumed to be
|
|||||
|
withdrawn first and without charges.
|
||||||
|
$13,000.00
|
: Amount available for withdrawal under the free withdrawal provision [(Premium ($200,000) multiplied by 10%) less Earnings ($7,000)]
|
|||||
|
$130,000.00
|
: Net Withdrawal Amount ($150,000) requested minus Earnings ($7,000) and minus the free withdrawal amount ($13,000)).
|
|||||
|
$100,000.00
|
: Total Corresponding Premium 1,which is the oldest Remaining Premium. All of this Premium must be withdrawn to meet the requested Net Withdrawal Amount.
|
|||||
|
$90,500.00
|
: The amount of Premium 1 withdrawn after deducting the Withdrawal Charge and the Recapture Charge paid to us (Total Corresponding Premium 1 withdrawn ($100,000) less the Withdrawal Charge from Premium 1($100,000 multiplied by WC%1 (7.00%) equals $7,000) less the Recapture Charge from Premium 1($100,000 multiplied by RC%1 (2.50%) equals $2,500))
|
|||||
|
$39,500.00
|
: Net withdrawal amount needed from Premium 2, which is equal to the Net Withdrawal Amount requested ($150,000), minus Earnings ($7,000), minus the free withdrawal amount ($13,000), and minus the amount withdrawn from Premium 1 after deducting the Withdrawal Charge and the Recapture Charge ($90,500)
|
|||||
|
$44,382.02
|
: Total Corresponding Premium 2. The amount of Premium 2 to which the appropriate recapture charge percentage and withdrawal charge percentage are applied. This amount is determined by multiplying the net withdrawal amount needed from Premium 2 ($39,500) by a factor determined by the percentage amounts of the applicable charges. In this example, the corresponding Premium 2 is specifically calculated as follows: $39,500 X (1/[1 – (8.50% + 2.50%)]) = $44,382.02. In this calculation, the 8.50% represents the WC%2, and the 2.50% represents the RC%2.
|
|||||
|
$150,000.00
|
: Net Withdrawal Amount
|
|||||
|
$7,000.00
|
: Withdrawal Charge from Premium 1: $100,000 multiplied by WC%1(7.00%)
|
|||||
|
$2,500.00
|
: Recapture Charge from Premium 1: $100,000 multiplied by RC%1(2.50%)
|
|||||
|
$3,772.47
|
: Withdrawal Charge from Premium 2: $44,382.02 multiplied by WC%2(8.50%)
|
|||||
|
$1,109.55
|
: Recapture Charge from Premium 2: $44,382.02 multiplied by RC%2 (2.50%)
|
|||||
|
$164,382.02
|
: Total Withdrawal Amount (Net Withdrawal requested ($150,000.00) plus the Withdrawal Charge ($7,000.00 plus $2,500.00 equals $9,500.00 in total Withdrawal Charges) and the Recapture Charge ($3,772.47 plus $1,109.55 equals $4,882.02 in total Recapture Charges) that is imposed on the withdrawal of Premium) which is the total amount deducted from the Contract Value)
|
|||||
|
$42,617.98
|
: Contract Value after Total Withdrawal ($207,000.00 less $164,382.02)
|
|||||
|
1st Global Capital Corporation
|
Bankers & Investors Co
|
Center Street Securities
|
Deutsche Bank Securities, Inc.
|
|||
|
Adirondack Trading Group LLC
|
BB&T Investment Services Inc
|
Century Securities & Associates, Inc.
|
DeWaay Financial Network, LLC
|
|||
|
Advest, Inc.
|
BBVA Compass Investment Solutions Inc.
|
Ceros Financial Services INC
|
DFPG Investments
|
|||
|
Advisory Group Equity Services
|
BCG Securities
|
Cetera Advisors LLC
|
Dorsey and Company, Inc.
|
|||
|
Aegis Capital Corp
|
Benjamin F Edwards & Co Inc
|
Cetera Financial Specialists
|
Double Eagle Securities of America Inc.
|
|||
|
Affinity Financial Services, LLC
|
Berthel Fisher & Co Financial Services
|
CFD Investments, Inc.
|
Downstate Securities Group, Inc.
|
|||
|
Alamo Capital
|
BestVest Investments, Ltd.
|
Chelsea Financial Services
|
Duncan Williams Inc.
|
|||
|
Allegheny Investments, Ltd.
|
BFT Financial Group
|
CIM Securities LLC
|
EDI Financial Inc.
|
|||
|
Allegiance Capital
|
BMO Harris Financial Advisors, Inc.
|
Client One Securities LLC
|
Edward Jones
|
|||
|
Allegiant Securities
|
BOSC Inc
|
Coastal Equities
|
EK Riley Investments, LLC
|
|||
|
Allen & Company
|
Brecek & Young Advisors, Inc.
|
Colorado Financial Service Corporation
|
ePlanning Securities
|
|||
|
Allen, Mooney & Barnes Brokerage
|
Broker Dealer Financial
|
Comerica Insurance Services, Inc.
|
Equable Securities Corp.
|
|||
|
Brokers International Financial Services
|
Commonwealth Financial Network
|
Equity Services Inc
|
||||
|
Allied Beacon Partners Inc
|
Bruce A. Lefavi Securities, Inc.
|
Community Investment Services
|
Essex Financial Services Inc
|
|||
|
Allstate Financial Services LLC
|
Cadaret, Grant & Company
|
Comprehensive Asset Management and
|
Essex National Securities Inc
|
|||
|
American Equity Investment Corp
|
Calton & Associates Inc
|
Fairport Capital, Inc.
|
||||
|
American General Securities, Inc.
|
Cambridge Investment Research
|
Concorde Investment Services
|
FCG Advisors, LLC
|
|||
|
American Independent Securities Group, LLC
|
Cantella & Co, Inc
|
Coombe Financial Services Inc.
|
Fenwick Securities, Inc.
|
|||
|
American Investors Company
|
Cape Fear Securities, Inc.
|
Coordinated Capital Securities
|
Fifth Third Securities
|
|||
|
American Municipal Securities, Inc.
|
Cape Securities
|
Country Club Financial Services Inc.
|
Financial Advisers Of America
|
|||
|
American Portfolios Financial Services, Inc.
|
Capital Analysts Inc
|
Crowell, Weedon & Co
|
Financial Advisors of America
|
|||
|
Ameriprise Advisor Services Inc.
|
Capital Financial Services
|
Crown Capital Securities LP
|
Financial Network Investment
|
|||
|
Ameritas Investment Corp
|
Capital Guardian LLC
|
CUE Financial Group
|
Financial Partners Credit Union
|
|||
|
Arete Wealth Management LLC
|
Capital Investment Group
|
CUNA Brokerage Services, Inc.
|
Financial Planning Consultants
|
|||
|
Arque Capital Ltd
|
Capital Management Securities
|
Cuna Mutual Insurance Agency
|
Financial Security Management
|
|||
|
Arvest Asset Management
|
Capital One Investment Services, LLC
|
CUSO Financial Services
|
Financial Telesis Inc
|
|||
|
Associated Investment Services
|
Capitol Securities Management, Inc.
|
CW Securities LLC
|
Financial West Investment Group
|
|||
|
Ausdal Financial Partners Inc
|
Capwest Securities, Inc.
|
D A Davidson
|
Fintegra, LLC
|
|||
|
Avalon Investment & Securities Group Inc.
|
Cary Street Partners LLC
|
D H Hill Securities LLP
|
First Allied Securities, Inc
|
|||
|
AXA Advisors LLC
|
CBIZ Financial Solutions, Inc.
|
Dalton Strategic Investment
|
First American Securities
|
|||
|
B B Graham & Co Inc
|
CCF Investments, Inc.
|
Davenport & Company
|
First Brokerage America LLC
|
|||
|
B C Ziegler and Company
|
CCO Investment Services
|
David A Noyes & Company
|
First Citizens Financial Plus Inc.
|
|||
|
Bancorpsouth Investment Services, Inc.
|
Centara Capital Securities Inc.
|
Delta Equity Services Corporation
|
First Citizens Investor Services
|
|||
|
Bancwest Investment Services, Inc.
|
Centaurus Financial Inc
|
Dempsey Lord Smith LLC
|
First Citizens Securities Corp.
|
|||
|
Bank of America
|
Centennial Securities Company
|
Despain Financial Corporation
|
First Financial Equity
|
|
First Heartland Capital Inc
|
Hancock Securities Group LLC
|
Investment Professionals Inc
|
Lucia Securities LLC
|
|||
|
First Independent Financial Services
|
Hantz Financial Services
|
Investors Capital Corporation
|
M & T Securities
|
|||
|
First Midwest Securities
|
Harbor Financial Services
|
Investors Security Co Inc
|
M. Holdings Securities, Inc.
|
|||
|
First National Capital Markets
|
Harbour Investment Inc
|
J P Turner & Co LLC
|
M&I Financial Advisors, Inc
|
|||
|
First Southeast Investor
|
Harger & Company
|
J W Cole Financial Inc.
|
Madison Ave Securities
|
|||
|
First Tennessee Brokerage Direct
|
Harold Dance Investments
|
J. Alden Associates, Inc.
|
Mark Stewart Securities Inc.
|
|||
|
First Western Advisors
|
Harris Bancorp Insurance Services, Inc.
|
James T Borello & Company
|
McLaughlin Ryder Investments
|
|||
|
First Western Securities, Inc.
|
Harvest Capital LLC
|
Janney Montgomery Scott LLC
|
McNally Financial Services Corp
|
|||
|
FirstMerit Financial Services, Inc.
|
Hazard & Siegel Inc
|
JHS Capital Advisors
|
Means Investment Co. Inc.
|
|||
|
Five Star Investment Services
|
HBW Securities
|
JJB Hilliard WL Lyons Inc
|
MerCap Securities, LLC
|
|||
|
Focus Insurance Agency Inc.
|
Hefren-Tillotson, Inc.
|
JRL Capital Corporation
|
Mercer Allied
|
|||
|
Foothill Securities, Inc
|
High Street Securities
|
K.W. Chambers & Co.
|
Meridian United
|
|||
|
Foresters Equity Services Inc.
|
Hightower Securities LLC
|
Kaiser and Company
|
Merrill Lynch
|
|||
|
Forsyth Securities
|
Hilliard Lyons
|
Kalos Capital Inc
|
Merrimac Corp Securities
|
|||
|
Fortune Financial Services, Inc.
|
Homestreet Insurance
|
KCD Financial
|
Mesirow Financial Inc
|
|||
|
Founders Financial Securities
|
Hornor Townsend & Kent Inc
|
KCG Securities LLC
|
Metlife Securities
|
|||
|
Freedom Investors Corp.
|
HSBC Securities
|
Kehrer Saltzman & Associates
|
Metropolitan Investment Securities Inc.
|
|||
|
Frost Brokerage Services, Inc.
|
Humana MarketPoint Inc.
|
Kenai Investments Inc
|
Michigan Securities, Inc.
|
|||
|
FSC Securities Corporation
|
Huntington Ins. Inc.
|
Key Investment Services
|
Mid Atlantic Capital Corp
|
|||
|
Fulcrum Securities Inc
|
Huntington Investment Company
|
KMS Financial Services Inc
|
MidAmerica Financial Services
|
|||
|
G F Investment Services
|
Huntleigh Securities Corp.
|
Koehler Financial LLC
|
Mid-Atlantic Securities Inc
|
|||
|
G. W. Sherwold Associates Inc.
|
IBN Financial Services
|
Kovack Securities, Inc
|
Midwestern Securities Trading Co.
|
|||
|
GA Repple & Company
|
IFG Network Securities
|
L.M. Kohn & Company, Inc.
|
Milkie/Ferguson Investments, Inc.
|
|||
|
Garden State Securities
|
IFS Securities
|
Labrunerie Financial Inc
|
Mischler Financial Group, Inc.
|
|||
|
GBS Financial Corporation
|
IMS Securities
|
Lamar Enterprises Inc.
|
MML Investors Services Inc
|
|||
|
Geneos Wealth Management Inc
|
Independence Capital Co
|
Landolt Securities Inc
|
Moloney Securities Co., Inc.
|
|||
|
Gentry Partners Ltd
|
Independent Financial Group
|
Larson Financial Securities
|
Money Concepts Capital Corp
|
|||
|
Genworth Financial Securities Corporation
|
Infinex Investments Inc
|
Lasalle St Securities LLC
|
Moors & Cabot, Inc.
|
|||
|
Gilford Securities Incorporated
|
Infinity Securities Inc.
|
Legacy Financial Services, Inc.
|
Morgan Keegan
|
|||
|
Girard Securities, Inc.
|
ING Financial Advisers LLC
|
Legend Equities Corp
|
Morgan Stanley Smith Barney
|
|||
|
Glen Eagle Advisors, LLC
|
ING Financial Partners Inc
|
Leigh Baldwin & Co LLC Inc
|
Morris Group Inc
|
|||
|
Global Brokerage Services, Inc.
|
Institutional Securities Corp
|
Leonard & Company
|
MSC – BD LLC
|
|||
|
Gold Coast Securities, Inc.
|
Intercarolina Financial Services, Inc.
|
Liberty Group, LLC
|
MTL Equity Products, Inc.
|
|||
|
Gradient Securities
|
Intercontinental Asset Management Group
|
Liberty Partners Financial
|
Multi-Financial Securities Corp
|
|||
|
Grant Williams LP
|
International Assets Advisory
|
LifeMark Securities Corp
|
Mutual of Omaha Investor Services
|
|||
|
Great American Investors Inc.
|
Intervest International Equities Corp.
|
Lincoln Financial Advisors
|
Mutual Securities Inc
|
|||
|
Great Nation Investment Corporation
|
INVEST Financial Corporation
|
Lincoln Financial Securities
|
Mutual Trust Company
|
|||
|
Great Southern Bank
|
Investacorp, Inc.
|
Lincoln Investment Planning
|
MWA Financial Services, Inc.
|
|||
|
GWN Securities Inc
|
Investment Advisors & Consultants, Inc.
|
Lombard Securities
|
National Planning Corporation
|
|||
|
H Beck Inc
|
Investment Centers Of America
|
Longevity Capital LLC
|
National Securities Corp
|
|||
|
H D Vest Investment Securities
|
Investment Network, Inc.
|
Lowell & Company Inc
|
Nationwide Planning Associates
|
|||
|
Hancock Investment Services
|
Investment Planners, Inc.
|
LPL Financial Corporation
|
Nationwide Securities, LLC
|
|
Navy Federal Brokerage Services
|
Pro Equities, Inc
|
Sigma Financial Corporation
|
Thrivent Investment Management
|
|||
|
NBC Securities Inc
|
Prospera Financial Services Inc
|
Signator Investors, Inc
|
Thurston, Springer, Miller, Herd & Titak, Inc
|
|||
|
New England Securities
|
Protected Investors of America
|
Signature Securities Group Corp.
|
Tower Square Securities
|
|||
|
Newbridge Securities Corp
|
PTS Brokerage LLC
|
SII Investments
|
Transamerica Financial Advisors, Inc
|
|||
|
Newport Coast Securities
|
Puplava Securities Inc.
|
Silver Oak Securities
|
Triad Advisors, Inc.
|
|||
|
NEXT Financial Group, Inc.
|
Purshe Kaplan Sterling
|
Singer Xenos Securities Corp.
|
Tricor Financial, LLC
|
|||
|
NFP Securities Inc
|
QA3 Financial Corporation
|
Small Business Insurance Agency
|
Triune Capital Advisors
|
|||
|
NIA Securities LLC
|
Quest Capital Strategies, Inc.
|
SMH Capital Inc
|
Trustmont Financial Group
|
|||
|
Northeast Capital Management, Inc.
|
Quest Securities
|
Smith Brown & Groover, Inc.
|
U.S. Bancorp Investments, Inc.
|
|||
|
Northeast Securities, Inc.
|
Questar Capital Corporation
|
Smith Moore & Co
|
UBS Financial Services Inc
|
|||
|
Northland Securities, Inc.
|
Quick and Reilly Inc.
|
Sorrento Pacific Financial
|
UMB Insurance, Inc.
|
|||
|
Northridge Securities Corp
|
R.M. Stark & Co., Inc.
|
South Valley Wealth Management
|
Umpqua Investments Inc
|
|||
|
Northwestern Mutual Investment Services, LLC
|
Rampart Financial Services, Inc.
|
Southeast Investments
|
Unionbanc Investment Services
|
|||
|
NPB Financial Group
|
Raymond James
|
Southwest Securities Financial Services
|
United Brokerage Services, Inc.
|
|||
|
NYLife Securities
|
RBC Capital Markets Corp
|
Spire Securities LLC
|
United Global Securities Inc
|
|||
|
OFG Financial Services, Inc.
|
RDM Investment Services, Inc.
|
St Bernard Financial Services
|
United Planners Financial Services Of
|
|||
|
Ogilvie Security Advisors
|
Regal Securities Inc
|
Stephens Inc
|
||||
|
OneAmerica Securities
|
Rendler Sales Consulting, LLC
|
Sterne Agee & Leach Group Inc
|
Univest Insurance Inc.
|
|||
|
Online Brokerage Services Inc.
|
Resource Horizons Group
|
Sterne Agee Financial Services
|
USA Financial Securities Corp
|
|||
|
Oppenheimer & Co
|
Rhodes Securities, Inc.
|
Stifel Nicolaus & Company
|
USI Securities, Inc.
|
|||
|
Pacific West
|
Ridgeway & Conger Inc
|
Strategic Financial Alliance
|
UVEST
|
|||
|
Packerland Brokerage Services
|
River Stone Wealth Management
|
Summit Brokerage Services Inc
|
Valic Financial Advisors Inc
|
|||
|
Paradigm Equities, Inc.
|
RNR Securities LLC
|
Summit Equities Inc
|
Valley National Investments
|
|||
|
Park Avenue Securities
|
Robert W Baird & Co Inc
|
Sunbelt Securities
|
ValMark Securities Inc
|
|||
|
Parsonex Securities, LLC
|
Rogan and Associates
|
Sunset Financial Services, Inc
|
Vanderbilt Securities LLC Inc
|
|||
|
Peak Brokerage Services
|
Royal Alliance Associates Inc
|
SunTrust Investment Services, Inc.
|
Veritrust Financial LLC
|
|||
|
Penn Plaza Associates
|
Royal Securities
|
SWBC Investment Services LLC
|
Vorpahl Wing Securities
|
|||
|
People's Securities Inc
|
RSG Capital Corporation
|
SWS Financial Service, Inc.
|
VSR Financial Services, Inc.
|
|||
|
PFA Security Asset Management
|
S. G. Long & Company
|
Symetra Investment Services
|
Waddell & Reed, Inc
|
|||
|
PIM Financial Services
|
Sagepoint Financial
|
Synergy Investment Group
|
Wall Street Financial Group
|
|||
|
PlanMember Securities
|
Sammons Securities
|
Synovus Securities Inc.
|
Wall Street Strategies Inc.
|
|||
|
PMK Securities & Research, Inc.
|
Santander Securities LLC
|
Tandem Securities Inc.
|
Walnut Street Securities
|
|||
|
PNC Investments LLC
|
Saxony Securities Inc
|
TD Wealth Mangement Services, Inc.
|
Waterford Investor Services, Inc.
|
|||
|
PPA Investments, Inc.
|
SCF Secuties, Inc.
|
TFS Securities
|
Wayne Hummer Investments LLC
|
|||
|
Presidential Brokerage, Inc
|
Scott & Stringfellow Inc
|
The Huntington Investment
|
WBB Securities
|
|||
|
Prime Capital Services Inc
|
Secure Planning Inc
|
Wedbush Securities Inc.
|
||||
|
Prime Solutions Securities, Inc.
|
Securian Financial Services
|
The Investment Center Inc
|
Weitzel Financial Services Inc
|
|||
|
Prime Vest Financial Services
|
Securities America
|
The Leaders Group
|
Wells Fargo Advisors
|
|||
|
Princor Financial Services
|
Securities Mangement & Research, Inc.
|
The O.N. Equity Sales Company
|
WesBanco Securities
|
|||
|
Private Client Services LLC
|
Securities Service Network
|
The Windmill Group
|
Wescom Financial Services
|
|
Westco Investment Corp
|
|
|
Western Equity Group
|
|
|
Western International Securities Inc
|
|
|
Westminster Financial Securities
|
|
|
Westport Resources Investment Services, Inc
|
|
|
WFG Investments Inc
|
|
|
Wilbanks Securities, Inc.
|
|
|
Williams Financial Group
|
|
|
Windsor Sheffield & Co, Inc
|
|
|
Woodbury Financial Services Inc
|
|
|
Woodmen Financial Services, Inc.
|
|
|
World Equity Group, Inc.
|
|
|
World Financial Group
|
|
|
Worth Financial Group Inc.
|
|
|
WR Rice Financial Services, Inc.
|
|
|
WRP Investments Inc
|
|
|
Wunderlich Securities
|
|
§
|
Example 1b: If the GMWB is elected after issue (if permitted) when the Contract Value is $105,000 and your Contract includes a Contract Enhancement with a total Recapture Charge of $5,000 at the time the GMWB is elected:
|
|
¨
|
Your initial GWB is $100,000, which is your Contract Value ($105,000) less the Recapture Charge ($5,000) on the effective date of the endorsement.
|
|
§
|
Example 1c: If the GMWB is elected after issue (if permitted) or you convert to another GMWB, if permitted, when the Contract Value is $110,000 and your Contract includes a Contract Enhancement with a total Recapture Charge of $5,000 at the time the GMWB is elected or converted:
|
|
¨
|
Your initial GWB in your new GMWB is $105,000, which is your Contract Value ($110,000) less the Recapture Charge ($5,000) on the effective date of the endorsement. If you converted your GMWB when the GWB for your former GMWB was $120,000 and the Contract Value less the Recapture Charge declined to $105,000 prior to the conversion date, the conversion to the new GMWB would result in a $15,000 reduction in the GWB.
|
|
¨
|
Your GAWA% and GAWA are not determined until the earlier of the time of your first withdrawal or the date that your Contract Value reduces to zero.
|
|
§
|
If, at the time the GAWA% is determined, your GAWA% is 7% based on your attained age and your GWB is $100,000, your initial GAWA is $7,000, which is your GAWA% multiplied by your GWB at that time ($100,000 * 0.07 = $7,000).
|
|
§
|
Example 3a: This example demonstrates what happens if you make an additional Premium payment of $50,000, your GWB is $100,000 at the time of payment, and your Contract includes a Contract Enhancement provision which provides $2,500 to your Contract at the time of the Premium payment:
|
|
¨
|
Your new GWB is $150,000, which is your GWB prior to the additional Premium payment ($100,000) plus your additional Premium payment ($50,000). Your GWB is subject to a maximum of $5,000,000 (see Example 3b).
|
|
¨
|
Your GAWA is $10,500, which is your GAWA prior to the additional Premium payment ($7,000) plus 7% of your additional Premium payment ($50,000*0.07 = $3,500).
|
|
§
|
Example 3b: This example demonstrates how GWB and GAWA are affected by the GWB $5,000,000 maximum, upon payment of a subsequent Premium. If you make an additional Premium payment of $100,000 and your GWB is $4,950,000 and your GAWA is $346,500 at the time of payment:
|
|
¨
|
Your new GWB is $5,000,000, which is the maximum, since your GWB prior to the additional Premium payment ($4,950,000) plus your additional Premium payment ($100,000) exceeds the maximum of $5,000,000.
|
|
¨
|
Your GAWA is $350,000, which is your GAWA prior to the additional Premium payment ($346,500) plus 7% of the allowable $50,000 increase in your GWB (($5,000,000 - $4,950,000)*0.07 = $3,500).
|
|
¨
|
Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA % has been determined.
|
|
§
|
Example 4a: This example demonstrates what happens if you withdraw an amount equal to your GAWA ($7,000) when your GWB is $100,000:
|
|
¨
|
Your new GWB is $93,000, which is your GWB prior to the withdrawal ($100,000) less the amount of the withdrawal ($7,000).
|
|
¨
|
Your GAWA for the next year remains $7,000, since you did not withdraw an amount that exceeds your GAWA.
|
|
¨
|
If you continued to take annual withdrawals equal to your GAWA, it would take an additional 14 years to deplete your GWB ($93,000 / $7,000 per year = 14 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
§
|
Example 4b: This example demonstrates what happens if you withdraw an amount equal to your RMD ($7,500), which is greater than your GAWA ($7,000) when your GWB is $100,000 and the RMD provision is in effect for your endorsement:
|
|
¨
|
Your new GWB is $92,500, which is your GWB prior to the withdrawal ($100,000) less the amount of the withdrawal ($7,500).
|
|
¨
|
Your GAWA for the next year remains $7,000, since your withdrawal did not exceed the greater of your GAWA ($7,000) or your RMD ($7,500).
|
|
¨
|
If you continued to take annual withdrawals equal to your GAWA, it would take an additional 14 years to deplete your GWB ($92,500 / $7,000 per year = 14 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
¨
|
If your GAWA falls below your GWB at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
|
|
¨
|
Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
|
|
§
|
Example 5a – SafeGuard Max: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($7,000) when your Contract Value is $146,500 and your GWB is $100,000:
|
|
¨
|
Your new GWB is $91,000, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $7,000)*(1 - ($10,000 - $7,000) / ($146,500 - $7,000)) = $91,000].
|
|
¨
|
Your GAWA is recalculated to equal $6,849, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$7,000 * (1 - ($10,000 - $7,000) / ($146,500 - $7,000)) = $6,849]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 14 years to deplete your GWB ($91,000 / $6849 per year = 14 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
§
|
Example 5b: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($7,000) when your Contract Value is $105,000 and your GWB is $100,000:
|
|
¨
|
Your new GWB is $90,153, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $7,000)*(1 - ($10,000 -
|
|
¨
|
Your GAWA is recalculated to equal $6,786, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$7,000 * (1 - ($10,000 - $7,000)/($105,000 - $7,000)) = $6,785]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 14 years to deplete your GWB ($90,153 / $6,786 per year = 14 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
§
|
Example 5c: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($7,000) when your Contract Value is $55,000 and your GWB is $100,000:
|
|
¨
|
Your new GWB is $87,188, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $7,000) * (1 - ($10,000 - $7,000) / ($55,000 - $7,000)) = $87,188].
|
|
¨
|
Your GAWA is recalculated to equal $6,563, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$7,000*(1-($10,000-$7,000)/($55,000 - $7,000))=$6,563]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 14 years to deplete your GWB ($87,188 / $6,563 per year = 14 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
¨
|
If your GAWA falls below your GWB at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
|
|
¨
|
Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
|
|
§
|
Example 6a: This example demonstrates what happens if at the time of step-up your Contract Value is $200,000, your GWB is $90,000, and your GAWA is $7,000:
|
|
¨
|
Your GAWA for the next year is recalculated to equal $14,000, which is the greater of 1) your GAWA prior to the step-up ($7,000) or 2) 7% of your new GWB ($200,000*0.07 = $14,000).
|
|
-
|
After step-up, if you continued to take annual withdrawals equal to your GAWA, it would take an additional 15 years to deplete your GWB ($200,000 / $14,000 per year = 15 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
§
|
Example 6b: This example demonstrates what happens if at the time of step-up your Contract Value is $90,000, your GWB is $80,000, and your GAWA is $7,000:
|
|
¨
|
Your GAWA for the next year remains $7,000, which is the greater of 1) your GAWA prior to the step-up ($7,000) or 2) 7% of your new GWB ($90,000*0.07 = $6,300).
|
|
-
|
After step-up, if you continued to take annual withdrawals equal to your GAWA, it would take an additional 13 years to deplete your GWB ($90,000 / $7,000 per year = 13 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
¨
|
The Company may increase the GMWB charge upon step-up. By not electing to step-up, you can avoid the potential increase in charge due to step-up. You should carefully consider this decision and consult your representative.
|
|
¨
|
Your GAWA is recalculated upon step-up (as described above) only if the step-up occurs after your GAWA% has been determined.
|
|
§
|
Example 7a: This example demonstrates what happens if prior to any transactions your Contract Value is $200,000, your GAWA is $7,000, your GAWA% is not eligible for re-determination upon step-up, your GWB is $100,000 and you wish to step-up your GWB (or your GWB is due to step-up automatically) and you also wish to take a withdrawal of an amount equal to $7,000:
|
|
¨
|
If you request the withdrawal the day after the step-up, upon step-up, your GWB is set equal to $200,000, which is your Contract Value. At that time, your GAWA is recalculated and is equal to $14,000, which is the greater of 1) your
|
|
¨
|
If you request the withdrawal prior to the step-up, immediately following the withdrawal transaction, your new GWB is $93,000, which is your GWB less the amount of the withdrawal ($100,000 - $7,000 = $93,000) and your Contract Value becomes $193,000, which is your Contract Value prior to the withdrawal less the amount of the withdrawal ($200,000 - $7,000 = $193,000). Upon step-up following the withdrawal, your GWB is set equal to $193,000, which is your Contract Value. At that time, your GAWA is recalculated and is equal to $13,510, which is the greater of 1) your GAWA prior to the step-up ($7,000) or 2) 7% of your new GWB ($193,000*0.07 = $13,510). If you continued to take annual withdrawals equal to your GAWA, it would take an additional 15 years to deplete your GWB ($193,000 / $13,510 per year = 15 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your
GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
¨
|
As the example illustrates, when considering a request for a withdrawal at or near the same time as the election of a step-up, the order of the transactions may impact your GAWA.
|
|
-
|
If the step-up would result in an increase in your GAWA and the requested withdrawal is less than or equal to your new GAWA, your GAWA resulting after the two transactions would be greater if the withdrawal is requested after the step-up is applied.
|
|
-
|
If the step-up would result in an increase in your GAWA, and the requested withdrawal is greater than your new GAWA, your GAWA resulting after the two transactions would be greater if the withdrawal is requested after the step-up is applied.
|
|
|
-
|
Otherwise, your GAWA resulting from the transactions is the same regardless of the order of transactions.
|
|
¨
|
This example would also apply in situations when the withdrawal exceeded your GAWA but not your permissible RMD.
|
|
¨
|
If your GAWA falls below your GWB at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
|
|
¨
|
Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
|
|
§
|
Example 1b : If the GMWB is elected after issue (if permitted) when the Contract Value is $105,000 and your Contract includes a Contract Enhancement at the time the GMWB is elected:
|
|
¨
|
Your initial GWB is $105,000, which is your Contract Value ($105,000) on the effective date of the endorsement.
|
|
§
|
If your GAWA% is 5% based on your Contract and your GWB is $100,000, your initial GAWA is $5,000, which is your GAWA% multiplied by your GWB at that time ($100,000 * 0.05 = $5,000).
|
|
§
|
Example 3a: This example demonstrates what happens if you make an additional Premium payment of $50,000, your GWB is $100,000 at the time of payment, and your Contract includes a Contract Enhancement provision which provides $2,500 to your Contract at the time of the Premium payment:
|
|
¨
|
Your new GWB is $152,500, which is your GWB prior to the additional Premium payment ($100,000) plus your additional Premium payment ($50,000) plus the Contract Enhancement resulting from the Premium payment ($2,500). Your GWB is subject to a maximum of $5,000,000 (see Example 3b).
|
|
¨
|
Your GAWA is $7,625, which is your GAWA prior to the additional Premium payment ($5,000) plus 5% of the amount of increase in your GWB resulting from the additional Premium payment
|
|
§
|
Example 3b: This example demonstrates how GWB and GAWA are affected by the GWB $5,000,000 maximum, upon payment of a subsequent Premium. If you make an additional Premium payment of $100,000 and your GWB is $4,950,000 and your GAWA is $247,500 at the time of payment:
|
|
¨
|
Your new GWB is $5,000,000, which is the maximum, since your GWB prior to the additional Premium payment ($4,950,000) plus your additional Premium payment ($100,000) exceeds the maximum of $5,000,000.
|
|
¨
|
Your GAWA is $250,000, which is your GAWA prior to the additional Premium payment ($247,500) plus 5% of the allowable $50,000 increase in your GWB (($5,000,000 - $4,950,000)*0.05 = $2,500).
|
|
§
|
Example 4a: This example demonstrates what happens if you withdraw an amount equal to your GAWA ($5,000) when your GWB is $100,000:
|
|
¨
|
Your new GWB is $95,000, which is your GWB prior to the withdrawal ($100,000) less the amount of the withdrawal ($5,000).
|
|
¨
|
Your GAWA for the next year remains $5,000, since you did not withdraw an amount that exceeds your GAWA.
|
|
¨
|
If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($95,000 / $5,000 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
§
|
Example 4b: This example demonstrates what happens if you withdraw an amount equal to your RMD ($7,500), which is greater than your GAWA ($5,000) when your GWB is $100,000 and the RMD provision is in effect for your endorsement:
|
|
¨
|
Your new GWB is $92,500, which is your GWB prior to the withdrawal ($100,000) less the amount of the withdrawal ($7,500).
|
|
¨
|
Your GAWA for the next year remains $5,000, since your withdrawal did not exceed the greater of your GAWA ($5,000) or your RMD ($7,500).
|
|
¨
|
If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($92,500 / $5,000 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
¨
|
If your GAWA falls below your GWB at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
|
|
¨
|
Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
|
|
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Example 5a: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $130,000 and your GWB is $100,000:
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Your new GWB is $91,200, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $5,000)*(1 - ($10,000 - $5,000) / ($130,000 - $5,000)) = $91,200].
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Your GAWA is recalculated to equal $4,800, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000 * (1 - ($10,000 -
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Example 5b: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $105,000 and your GWB is $100,000:
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Your new GWB is $90,250, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $5,000)*(1 - ($10,000 - $5,000) / ($105,000 - $5,000)) = $90,250].
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Your GAWA is recalculated to equal $4,750, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000 * (1 - ($10,000 - $5,000)/($105,000 - $5,000)) = $4,750]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($90,250 / $4,750 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
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Example 5c: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $55,000 and your GWB is $100,000:
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Your new GWB is $85,500, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $5,000) * (1 - ($10,000 - $5,000) / ($55,000 - $5,000)) = $85,500].
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Your GAWA is recalculated to equal $4,500, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000*(1-($10,000-$5,000)/($55,000 - $5,000))=$4,500]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($85,500 / $4,500 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
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Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
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Example 6a: This example demonstrates what happens if at the time of step-up your Contract Value is $200,000, your GWB is $90,000, and your GAWA is $5,000:
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Your GAWA for the next year is recalculated to equal $10,000, which is the greater of 1) your GAWA prior to the step-up ($5,000) or 2) 5% of your new GWB ($200,000*0.05 = $10,000).
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After step-up, if you continued to take annual withdrawals equal to your GAWA, it would take an additional 20 years to deplete your GWB ($200,000 / $10,000 per year = 20 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
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Example 6b: This example demonstrates what happens if at the time of step-up your Contract Value is $90,000, your GWB is $80,000, and your GAWA is $5,000:
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Your GAWA for the next year remains $5,000, which is the greater of 1) your GAWA prior to the step-up ($5,000) or 2) 5% of your new GWB ($90,000*0.05 = $4,500).
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After step-up, if you continued to take annual withdrawals equal to your GAWA, it would take an additional 18 years to deplete your GWB ($90,000 / $5,000 per year = 18 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
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The Company may increase the GMWB charge upon step-up. You will have an opportunity to discontinue the automatic step-ups and avoid the potential increase in charge due to step-up. You should carefully consider this decision and consult your representative.
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Your GWB will only step-up to the Contract Value if the Contract Value is greater than your GWB at the time of the automatic step-up.
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Your GAWA is recalculated upon step-up (as described above) only if the step-up occurs after your GAWA% has been determined.
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Example 7a: This example demonstrates what happens if prior to any transactions your Contract Value is $200,000, your GAWA is $5,000, your GWB is $100,000 and you wish to step-up your GWB (or your GWB is due to step-up automatically) and you also wish to take a withdrawal of an amount equal to $5,000:
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If you request the withdrawal the day after the step-up, upon step-up, your GWB is set equal to $200,000, which is your Contract Value. At that time, your GAWA is recalculated and is equal to $10,000, which is the greater of 1) your GAWA prior to the step-up ($5,000) or 2) 5% of your new GWB ($200,000*0.05 = $10,000). On the day following the step-up and after the withdrawal of $5,000, your new GWB is $195,000, which is your GWB less the amount of the withdrawal ($200,000 - $5,000 = $195,000) and your GAWA will remain at $10,000 since the amount of the withdrawal does not exceed your GAWA. If you continued to take annual withdrawals equal to your GAWA, it would take approximately an additional 20 years to deplete your GWB ($195,000 / $10,000 per year = approximately 20 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal)
and that the withdrawals are taken prior to the Latest Income Date.
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If you request the withdrawal prior to the step-up, immediately following the withdrawal transaction, your new GWB is $95,000, which is your GWB less the amount of the withdrawal ($100,000 - $5,000 = $95,000) and your Contract Value becomes $195,000, which is your Contract Value prior to the withdrawal less the amount of the withdrawal ($200,000 - $5,000 = $195,000). Upon step-up following the withdrawal, your GWB is set equal to $195,000, which is your Contract Value. At that time, your GAWA is recalculated and is equal to $9,750, which is the greater of 1) your GAWA prior to the step-up ($5,000) or 2) 5% of your new GWB ($195,000*0.05 = $9,750). If you continued to take annual withdrawals equal to your GAWA, it would take an additional 20 years to deplete your GWB ($195,000 / $9,750 per year = 20 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your
GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
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As the example illustrates, when considering a request for a withdrawal at or near the same time as the election or automatic application of a step-up, the order of the transactions may impact your GAWA.
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If the step-up would result in an increase in your GAWA and the requested withdrawal is less than or equal to your new GAWA, your GAWA resulting after the two transactions would be greater if the withdrawal is requested after the step-up is applied.
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If the step-up would result in an increase in your GAWA and the requested withdrawal is greater than your new GAWA, your GAWA resulting after the two transactions would be greater if the withdrawal is requested after the step-up is applied.
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Otherwise, your GAWA resulting from the transactions is the same regardless of the order of transactions.
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This example would also apply in situations when the withdrawal exceeded your GAWA but not your permissible RMD.
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Your GWB will only step-up to the Contract Value if the Contract Value is greater than your GWB at the time of the automatic step-up.
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If your GAWA falls below your GWB at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
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Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
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Example 1b: If the GMWB is elected after issue (subject to availability) when the Contract Value is $105,000 and your Contract includes a Contract Enhancement with a total Recapture Charge of $5,000 at the time the GMWB is elected:
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Your initial GWB is $100,000, which is your Contract Value ($105,000) less the Recapture Charge ($5,000) on the effective date of the endorsement.
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Example 1c: If the GMWB is elected after issue (subject to availability) or you convert to another GMWB, if permitted, when the Contract Value is $110,000 and your Contract includes a Contract Enhancement with a total Recapture Charge of $5,000 at the time the GMWB is elected or converted:
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Your initial GWB in your new GMWB is $105,000, which is your Contract Value ($110,000) less the Recapture Charge ($5,000) on the effective date of the endorsement. If you converted your GMWB when the GWB for your former GMWB was $120,000 and the Contract Value less the Recapture Charge declined to $105,000 prior to the conversion date, the conversion to the new GMWB would result in a $15,000 reduction in the GWB.
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Your initial Benefit Determination Baseline (BDB) is set equal to your initial Premium payment if the endorsement is elected at issue or your Contract Value less any applicable Recapture Charge if the endorsement is elected after issuance of the Contract (subject to availability).
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Your initial GMWB Earnings Determination Baseline is set equal to your initial Premium payment if the endorsement is elected at issue or your Contract Value less any applicable Recapture Charge if the endorsement is elected after issuance of the Contract (subject to availability).
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Your initial GWB is $105,000, which is your initial Premium payment ($100,000) plus any Contract Enhancement ($100,000*0.05=$5,000).
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Example 2 b: If the GMWB is elected after issue (subject to availability) when the Contract Value is $105,000:
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Your initial GWB is $105,000, which is your Contract Value on the effective date of the endorsement.
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Example 2 c: If the GMWB is elected after issue (subject to availability) or you convert to another GMWB, if permitted, when the Contract Value is $110,000 the time the GMWB is elected or converted:
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Your initial GWB in your new GMWB is $110,000, which is your Contract Value ($110,000) on the effective date of the endorsement.
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Your initial Benefit Determination Baseline (BDB) is set equal to your initial Premium payment plus any Contract Enhancement, if the endorsement is elected at issue or your Contract Value if the endorsement is elected after issuance of the Contract (subject to availability).
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If, at the time the GAWA% is determined, your GAWA% is 5% based on your attained age and your GWB is $100,000, your initial GAWA is $5,000, which is your GAWA% multiplied by your GWB at that time ($100,000 * 0.05 = $5,000).
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Your GAWA% will be re-determined based on your attained age if your Contract Value at the time of a step-up is greater than the BDB.
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Example 4a: This example demonstrates what happens if you make an additional Premium payment of $50,000, and your GWB is $100,000 at the time of payment:
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Your new GWB is $150,000, which is your GWB prior to the additional Premium payment ($100,000) plus your additional Premium payment ($50,000). Your GWB is subject to a maximum of $5,000,000 (see Example 4b).
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Your GAWA is $7,500, which is your GAWA prior to the additional Premium payment ($5,000) plus 5% of your additional Premium payment ($50,000*0.05 = $2,500).
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Example 4b: This example demonstrates how GWB and GAWA are affected by the GWB $5,000,000 maximum, upon payment of a subsequent Premium. If you make an additional Premium payment of $100,000 and your GWB is $4,950,000 and your GAWA is $247,500 at the time of payment:
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Your new GWB is $5,000,000, which is the maximum, since your GWB prior to the additional Premium payment ($4,950,000) plus your additional Premium payment ($100,000) exceeds the maximum of $5,000,000.
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Your GAWA is $250,000, which is your GAWA prior to the additional Premium payment ($247,500) plus 5% of the allowable $50,000 increase in your GWB (($5,000,000 - $4,950,000)*0.05 = $2,500).
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Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA % has been determined.
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If the Premium payment occurs prior to the first Contract Anniversary following the effective date of the endorsement, your GWB Adjustment is increased by the Premium payment times 200%, subject to a maximum of $5,000,000. For example, if you make an additional Premium payment of $50,000 prior to your first Contract Anniversary following the effective date of the endorsement, and your GWB Adjustment value before the additional Premium payment is $200,000, then the GWB Adjustment is increased by 200% of the additional Premium payment. The resulting GWB Adjustment is $200,000 + $100,000 = $300,000.
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If the Premium payment occurs on or after the first Contract Anniversary following the effective date of the endorsement, your GWB Adjustment is increased by the Premium payment, subject to a maximum of $5,000,000. For example, if you make an additional Premium payment of $50,000 after your first Contract Anniversary following the effective date of the endorsement, and your GWB Adjustment value before the additional Premium payment is $200,000, then the GWB Adjustment is increased by 100% of the additional Premium payment. The resulting GWB Adjustment is $200,000 + $50,000 = $250,000.
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Your GMWB Earnings Determination Baseline is increased by the Premium payment. The GMWB Earnings Determination Baseline is not subject to a maximum of $5,000,000.
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Example 5 a: This example demonstrates what happens if you make an additional Premium payment of $50,000, your GWB is $100,000 at the time of payment, and your Contract includes a Contract Enhancement provision which provides $2,500 to your Contract at the time of the Premium payment:
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Your new GWB is $152,500, which is your GWB prior to the additional Premium payment ($100,000) plus your additional Premium payment ($50,000) plus your Contract Enhancement ($2,500). Your GWB is subject to a maximum of $5,000,000 (see Example 3b).
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Your GAWA is $7,625, which is your GAWA prior to the additional Premium payment ($5,000) plus 5% of your additional Premium payment plus any Contract Enhancement (($50,000+$2,500)*0.05 = $2,625).
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Example 5 b: This example demonstrates how GWB and GAWA are affected by the GWB $5,000,000 maximum, upon payment of a subsequent Premium. If you make an additional Premium payment, plus any Contract Enhancement, of $100,000 and your GWB is $4,950,000 and your GAWA is $247,500 at the time of payment:
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Your new GWB is $5,000,000, which is the maximum, since your GWB prior to the additional Premium payment ($4,950,000) plus your additional Premium payment, plus any Contract Enhancement ($100,000) exceeds the maximum of $5,000,000.
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Your GAWA is $250,000, which is your GAWA prior to the additional Premium payment ($247,500) plus 5% of the allowable $50,000 increase in your GWB (($5,000,000 - $4,950,000)*0.05 = $2,500).
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Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA% has been determined.
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Your BDB is increased by the Premium payment, plus any Contract Enhancement. The BDB is not subject to a maximum of $5,000,000.
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Your Bonus Base is increased by the Premium payment, plus any Contract Enhancement, subject to a maximum of $5,000,000.
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If the Premium payment occurs prior to the first Contract Anniversary following the effective date of the endorsement, your GWB Adjustment is increased by the Premium payment, plus any Contract Enhancement times 200%, subject to a maximum of $5,000,000. For example, if you make an additional Premium payment, plus any Contract Enhancement of $ 52,500 prior to your first Contract Anniversary following the effective date of the endorsement, and your GWB Adjustment value before the additional Premium payment is $200,000, then the GWB Adjustment is increased by 200% of the additional Premium payment, plus any Contract Enhancement. The resulting GWB Adjustment is $200,000 + $ 105,000 = $ 305,000 .
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If the Premium payment occurs on or after the first Contract Anniversary following the effective date of the endorsement, your GWB Adjustment is increased by the Premium payment, plus any Contract Enhancement, subject to a maximum of $5,000,000. For example, if you make an additional Premium payment, plus any Contract Enhancement of $ 52,500 after your first Contract Anniversary following the effective date of the endorsement, and your GWB Adjustment value before the additional Premium payment is $200,000, then the GWB Adjustment is increased by 100% of the additional Premium payment, plus any Contract Enhancement. The resulting GWB Adjustment is $200,000 + $ 52,500 = $ 252,500 .
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Your GMWB Earnings Determination Baseline is increased by the Premium payment but does not include the Contract Enhancement. The GMWB Earnings Determination Baseline is not subject to a maximum of $5,000,000 .
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Example 6 a: This example demonstrates what happens if you withdraw an amount equal to your GAWA ($5,000) when your GWB is $100,000:
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Your new GWB is $95,000, which is your GWB prior to the withdrawal ($100,000) less the amount of the withdrawal ($5,000).
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Your GAWA for the next year remains $5,000, since you did not withdraw an amount that exceeds your GAWA.
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If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($95,000 / $5,000 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), even beyond 19 years, provided that the withdrawals are taken prior to the Latest Income Date.
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Example 6 b: This example demonstrates what happens if you withdraw an amount equal to your RMD ($7,500), which is greater than your GAWA ($5,000) when your GWB is $100,000 and the RMD provision is in effect for your endorsement:
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Your new GWB is $92,500, which is your GWB prior to the withdrawal ($100,000) less the amount of the withdrawal ($7,500).
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Your GAWA for the next year remains $5,000, since your withdrawal did not exceed the greater of your GAWA ($5,000) or your RMD ($7,500).
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If you continued to take annual withdrawals equal to your GAWA, it would take approximately an additional 19 years to deplete your GWB ($92,500 / $5,000 per year = approximately 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or until the death of the last surviving Covered
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Your Bonus Base remains unchanged since the withdrawal did not exceed the guaranteed amount; however, no bonus will be applied to your GWB at the end of the Contract Year in which the withdrawal is taken.
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Your Guaranteed Withdrawal Balance Adjustment provision is terminated since a withdrawal is taken.
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If the For Life Guarantee is not in effect, and if your GWB falls below your GAWA at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
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Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
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The GMWB Earnings Determination Baseline will be reduced by the amount of the withdrawal in excess of GMWB Earnings. The GMWB Earnings Determination Baseline cannot be reduced below zero, however. See Example 14.
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An Earnings-Sensitive Adjustment will apply to your withdrawal, which will allow you to withdraw additional amounts from your Contract during that Contract Year without causing a proportional reduction of your GMWB. See Examples 14a and 14b.
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Example 7 a: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $130,000 and your GWB is $100,000:
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Your new GWB is $91,200, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $5,000)*(1 - ($10,000 - $5,000) / ($130,000 - $5,000)) = $91,200].
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Your GAWA is recalculated to equal $4,800, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000 * (1 - ($10,000 - $5,000) / ($130,000 - $5,000)) = $4,800]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($91,200 / $4,800 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life
GMWB with Joint Option), even beyond 19 years, provided that the withdrawals are taken prior to the Latest Income Date.
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Example 7 b: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $105,000 and your GWB is $100,000:
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Your new GWB is $90,250, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $5,000)*(1 - ($10,000 - $5,000) / ($105,000 - $5,000)) = $90,250].
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Your GAWA is recalculated to equal $4,750, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000 * (1 - ($10,000 - $5,000)/($105,000 - $5,000)) = $4,750]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($90,250 / $4,750 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB
with Joint Option), even beyond 19 years, provided that the withdrawals are taken prior to the Latest Income Date.
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Example 7 c: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $55,000 and your GWB is $100,000:
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Your new GWB is $85,500, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $5,000) * (1 - ($10,000 - $5,000) / ($55,000 - $5,000)) = $85,500].
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Your GAWA is recalculated to equal $4,500, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000*(1-($10,000-
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Your Bonus Base is recalculated to equal the lesser of 1) your Bonus Base prior to the withdrawal or 2) your GWB following the withdrawal. In addition, no bonus will be applied to your GWB at the end of the Contract Year in which the withdrawal is taken.
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Your Guaranteed Withdrawal Balance Adjustment provision is terminated since a withdrawal is taken.
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If the For Life Guarantee is not in effect, and if your GWB falls below your GAWA at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
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Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
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The GMWB Earnings Determination Baseline will be reduced by the amount of the withdrawal in excess of GMWB Earnings. The GMWB Earnings Determination Baseline cannot be reduced below zero, however. See Example 14.
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Your GWB will be reduced dollar-for-dollar for up to the sum of the Earnings-Sensitive Adjustments during that Contract Year and the GAWA, and your GWB and GAWA will be reduced proportionally only for the portion of the withdrawal in excess of that amount. See Example 14c.
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Example 8 a: This example demonstrates what happens if at the time of step-up your Contract Value is $200,000, your GWB is $90,000, and your GAWA is $5,000:
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If the step-up occurs after the initial determination of your GAWA%, the GAWA% will be re-determined based on your attained age (or the youngest Covered Life’s attained age if your endorsement is a For Life GMWB with Joint Option) if your Contract Value at the time of the step-up is greater than your BDB.
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If, in the example above, your BDB is $100,000 and the GAWA% at the applicable attained age is 6%:
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Your GAWA% is set to 6%, since your Contract Value ($200,000) is greater than your BDB ($100,000).
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Your GAWA is equal to $12,000, which is your new GWB multiplied by your new GAWA% ($200,000 * 0.06 = $12,000).
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·
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Your BDB is recalculated to equal $200,000, which is the greater of 1) your BDB prior to the step-up ($100,000) or 2) your Contract Value at the time of step-up ($200,000).
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If your Bonus Base is $100,000 just prior to the step-up, your Bonus Base is recalculated to equal $200,000, which is the greater of 1) your Bonus Base prior to the step-up ($100,000) or 2) your GWB following the step-up ($200,000).
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If you have not passed your Contract Anniversary immediately following your 80th birthday (or the youngest Covered Life’s 80th birthday if your endorsement is a For Life GMWB with Joint Option), your Bonus Period will re-start since your Bonus Base has been increased due to the step-up.
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Example 8 b: This example demonstrates what happens if at the time of step-up your Contract Value is $90,000, your GWB is $80,000, and your GAWA is $5,000:
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Your GAWA for the next year remains $5,000, which is the greater of 1) your GAWA prior to the step-up ($5,000) or 2) 5% of your new GWB ($90,000*0.05 = $4,500).
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After step-up, if you continued to take annual withdrawals equal to your GAWA, it would take an additional 18 years to deplete your GWB ($90,000 / $5,000 per year = 18 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), even beyond 18 years, provided that the withdrawals are taken prior to the Latest Income Date.
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If the step-up occurs after the initial determination of your GAWA%, the GAWA% will be re-determined based on your attained age (or the youngest Covered Life’s attained age if your endorsement is a For Life GMWB with Joint Option) if your Contract Value is greater than your BDB. However, in this case, it is assumed that your BDB is $100,000. See examples 1, 2, 4, and 5 for a description of how the BDB is determined. Your BDB remains $100,000, which is the greater of 1) your BDB prior to the step-up ($100,000) or 2) your Contract Value at the time of step-up ($90,000). Because the BDB did not increase upon step-up, this is not an opportunity for a redetermination of the GAWA%. Your GAWA for the next year remains $5,000, which is the greater of 1) your GAWA prior to the step-up ($5,000) or 2) 5% of your new GWB ($90,000*0.05 = $4,500
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If your Bonus Base is $100,000 just prior to the step-up, your Bonus Base remains $100,000, which is the greater of 1) your Bonus Base prior to the step-up ($100,000) or 2) your GWB following the step-up ($90,000).
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Even though this endorsement allows for the Bonus Period to re-start, your Bonus Period will not re-start since your Bonus Base has not been increased due to the step-up.
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The Company may increase the GMWB charge upon step-up. You will have an opportunity to discontinue the automatic step-ups and avoid the potential increase in charge due to step-up. You should carefully consider this decision and consult your representative.
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Your GWB will only step-up to the Contract Value if the Contract Value is greater than your GWB at the time of the automatic step-up.
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Your Bonus Base will be re-determined only if your GWB is increased upon step-up to a value above your Bonus Base just prior to the step-up.
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Your GAWA is recalculated upon step-up (as described above) only if the step-up occurs after your GAWA% has been determined.
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Your GMWB Earnings Determination Baseline remains unchanged since step-ups do not impact the GMWB Earnings Determination Baseline.
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Example 9a: This example demonstrates what happens if prior to any transactions your Contract Value is $200,000, your GAWA is $5,000, your GAWA% is not eligible for re-determination upon step-up your GWB is $100,000 and you wish to step-up your GWB (or your GWB is due to step-up automatically) and you also wish to take a withdrawal of an amount equal to $5,000:
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If you request the withdrawal the day after the step-up, upon step-up, your GWB is set equal to $200,000, which is your Contract Value. At that time, your GAWA is recalculated and is equal to $10,000, which is the greater of 1) your GAWA prior to the step-up ($5,000) or 2) 5% of your new GWB ($200,000*0.05 = $10,000). On the day following the step-up and after the withdrawal of $5,000, your new GWB is $195,000, which is your GWB less the amount of the withdrawal ($200,000 - $5,000 = $195,000) and your GAWA will remain at $10,000 since the amount of the withdrawal does not exceed your GAWA. If you continued to take annual withdrawals equal to your GAWA, it would take approximately an additional 20 years to deplete your GWB ($195,000 / $10,000 per year = approximately 20 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal)
and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), even beyond 20 years, provided that the withdrawals are taken prior to the Latest Income Date.
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If your Bonus Base is $100,000 just prior to the step-up, at the time of step-up, your Bonus Base is recalculated and is equal to $200,000, which is the greater of 1) your Bonus Base prior to the step-up ($100,000) or 2) your GWB following the step-up ($200,000). Your Bonus Base is not adjusted upon withdrawal since the amount of the withdrawal does not exceed your GAWA.
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- If you have not passed the Contract Anniversary immediately following your 80th birthday (or the youngest Covered Life’s 80th birthday if your endorsement is a For Life GMWB with Joint Option), your Bonus Period will re-start since your Bonus Base has been increased due to the step-up.
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If your BDB is $100,000 just prior to the step-up, then at the time of step-up, your BDB is recalculated and is equal to $200,000, which is the greater of 1) your BDB prior to the step-up ($100,000) or 2) your Contract Value at the time of step-up ($200,000). Your BDB is not adjusted upon withdrawal since the BDB is not reduced for partial withdrawals.
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If you request the withdrawal prior to the step-up, immediately following the withdrawal transaction, your new GWB is $95,000, which is your GWB less the amount of the withdrawal ($100,000 - $5,000 = $95,000) and your Contract Value becomes $195,000, which is your
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If your Bonus Base is $100,000 just prior to the withdrawal, then at the time of the withdrawal, your Bonus Base is not adjusted since the amount of the withdrawal does not exceed your GAWA. At the time of step-up, your Bonus Base is recalculated and is equal to $195,000, which is the greater of 1) your Bonus Base prior to the step-up ($100,000) or 2) your GWB following the step-up ($195,000).
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If you have not passed the Contract Anniversary immediately following your 80th birthday (or the youngest Covered Life’s 80th birthday if your endorsement is a For Life GMWB with Joint Option), your Bonus Period will re-start since your Bonus Base has been increased due to the step-up.
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If your BDB is $100,000 just prior to the withdrawal, then at the time of the withdrawal, your BDB is not adjusted since the BDB is not reduced for partial withdrawals. At the time of step-up, your BDB is recalculated and is equal to $195,000, which is the greater of 1) your BDB prior to the step-up ($100,000) or 2) your Contract Value at the time of step-up ($195,000).
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As the example illustrates, when considering a request for a withdrawal at or near the same time as the election or automatic application of a step-up, the order of the transactions may impact your GAWA.
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If the step-up would result in an increase in your GAWA and the requested withdrawal is less than or equal to your new GAWA, your GAWA resulting after the two transactions would be greater if the withdrawal is requested after the step-up is applied. This is especially true if your endorsement allows for re-determination of the GAWA% and the step-up would result in a re-determination of the GAWA%.
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If the step-up would result in an increase in your GAWA, and the withdrawal requested is greater than your new GAWA, your GAWA resulting after the two transactions would be greater if the withdrawal is requested after the step-up is applied.
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Otherwise, your GAWA resulting from the transactions is the same regardless of the order of transactions.
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This example would also apply in situations when the withdrawal exceeded your GAWA but not your permissible RMD.
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Your GWB will only step-up to the Contract Value if the Contract Value is greater than your GWB at the time of the automatic step-up.
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Your Bonus Base will be re-determined only if your GWB is increased upon step-up to a value above your Bonus Base just prior to the step-up.
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Your Guaranteed Withdrawal Balance Adjustment provision is terminated at the time of the withdrawal.
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If the For Life Guarantee is not in effect, and if your GWB falls below your GAWA at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
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Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
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Your GMWB Earnings Determination Baseline would not be adjusted for the step-up since step-ups do not impact the GMWB Earnings Determination Baseline, but your GMWB Earnings Determination Baseline may be reduced for the withdrawal. See example 14 to see how the GMWB Earnings Determination Baseline is re-determined on a withdrawal.
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Example 10 a: This example demonstrates what happens if at the end of a Contract Year in which you have taken no withdrawals, your GWB is $100,000, your Bonus Base is $100,000, and your GAWA is $5,000:
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Your new GWB is recalculated to equal $106,000, which is equal to your GWB plus 6% of your Bonus Base ($100,000 + $100,000*0.06 = $106,000).
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Your GAWA for the next year is recalculated to equal $ 5,300 , which is the greater of 1) your GAWA prior to the application of the bonus ($5,000) or 2) 5% of your new GWB ($106,000*0.05 = $5,300).
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After the application of the bonus, if you continued to take annual withdrawals equal to your GAWA, it would take an additional 20 years to deplete your GWB ($106,000 / $5,300 per year = 20 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), even beyond 20 years, provided that the withdrawals are taken prior to the Latest Income Date.
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Example 10 b: This example demonstrates what happens if at the end of a Contract Year in which you have taken no withdrawals, your GWB is $90,000, your Bonus Base is $100,000, and your GAWA is $5,000:
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Your new GWB is recalculated to equal $96,000, which is equal to your GWB plus 6% of your Bonus Base ($90,000 + $100,000*0.06 = $96,000).
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Your GAWA for the next year remains $5,000, which is the greater of 1) your GAWA prior to the application of the bonus ($5,000) or 2) 5% of your new GWB ($96,000*0.05 = $4,800).
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After the application of the bonus, if you continued to take annual withdrawals equal to your GAWA, it would take approximately an additional 20 years to deplete your GWB ($96,000 / $5,000 per year = approximately 20 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by
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¨
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Your GAWA is recalculated upon the application of the bonus (as described above) only if the application of the bonus occurs after your GAWA% has been determined.
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Your GWB Adjustment remains unchanged since the GWB Adjustment is not impacted by the application of the bonus.
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If the For Life Guarantee is not in effect, and if your GWB falls below your GAWA at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
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Your GMWB Earnings Determination Baseline remains unchanged since the GMWB Earnings Determination Baseline is not impacted by the application of the bonus.
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Example 11 a: This example demonstrates what happens if on the reset date your Contract Value is $30,000, your GWB is $50,000, and your GAWA is $5,000:
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Your GAWA for the next year is recalculated to equal $2,500, which is equal to 5% of the current GWB ($50,000*0.05 = $2,500).
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The For Life Guarantee becomes effective, thus allowing you to make annual withdrawals equal to your GAWA for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), provided that the withdrawals are taken prior to the Latest Income Date. Once the For Life Guarantee becomes effective, it remains in effect until the endorsement is terminated, as described in the Access to Your Money section of this prospectus, or upon continuation of the Contract by the spouse (unless your endorsement is a For Life GMWB with Joint Option and the spouse continuing the Contract is a Covered Life in which case the For Life Guarantee remains in effect upon continuation of the Contract by the spouse).
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Example 11 b: This example demonstrates what happens if your Contract Value has fallen to $0 prior to the reset date, your GWB is $50,000 and your GAWA is $5,000:
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You will continue to receive automatic payments of a total annual amount that equals your GAWA until your GWB is depleted. However, your GAWA would not be permitted to exceed your remaining GWB. Your GAWA is not recalculated since the Contract Value is $0.
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The For Life Guarantee does not become effective due to the depletion of the Contract Value prior to the effective date of the For Life Guarantee.
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Example 11 c: This example demonstrates what happens if on the reset date, your Contract Value is $50,000, your GWB is $0, and your GAWA is $5,000:
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Your GAWA for the next year is recalculated to equal $0, which is equal to 5% of the current GWB ($0*0.05 = $0).
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The For Life Guarantee becomes effective, thus allowing you to make annual withdrawals equal to your GAWA for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), provided that the withdrawals are
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Although your GAWA is $0, upon step-up or subsequent Premium payments, your GWB and your GAWA would increase to values greater than $0 and since the For Life Guarantee has become effective, you could withdraw an annual amount equal to your GAWA for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), provided that the withdrawals are taken prior to the Latest Income Date.
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Your reset date is the Contract Anniversary on or immediately following the date you attain age 59 1/2 ( or in the case of Joint Owners, the oldest Joint Owner attains age 59 1/2 or the date the youngest Covered Life attains, or would have attained, age 59 1/2 if your endorsement is a For Life GMWB with Joint Option).
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This example demonstrates what happens if at the time of the death of the Owner (or either Joint Owner) the Contract Value is $105,000 and your GWB is $100,000:
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If your endorsement has a For Life Guarantee that becomes effective after the effective date of the endorsement, the surviving Covered Life may continue the Contract and the For Life Guarantee will remain in effect or become effective on the Contract Anniversary on the reset date. Once the For Life Guarantee becomes effective, the surviving Covered Life will be able to take annual withdrawals equal to the GAWA for the rest of his or her life, provided that the withdrawals are taken prior to the Latest Income Date.
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If your endorsement has a For Life Guarantee that becomes effective on the effective date of the endorsement, the surviving Covered Life may continue the Contract and the For Life Guarantee will remain in effect. The GAWA% and the GAWA will continue to be determined or re-determined based on the youngest Covered Life’s attained age (or the age he or she would have attained). The surviving Covered Life will be able to take annual withdrawals equal to the GAWA for the rest of his or her life, provided that the withdrawals are taken prior to the Latest Income Date.
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The surviving spouse who is not a Covered Life may continue the Contract and the For Life Guarantee is null and void. However, the surviving spouse will be entitled to make withdrawals until the GWB is exhausted, provided that the withdrawals are taken prior to the Latest Income Date.
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If your endorsement has a For Life Guarantee that becomes effective after the effective date of the endorsement, your reset date is the Contract Anniversary on or immediately following the date that the youngest Covered Life attains (or would have attained) age 59 1/2.
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Example 13 a: This example demonstrates what happens if on the GWB Adjustment Date, your GWB is $160,000, your GWB Adjustment is $200,000, and you have taken no withdrawals on or prior to the GWB Adjustment Date:
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Your new GWB is recalculated to equal $200,000, which is the greater of 1) your GWB prior to the application of the GWB Adjustment ($160,000) or 2) the GWB Adjustment ($200,000).
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Example 13 b: This example demonstrates what happens if on the GWB Adjustment Date, your GWB is $210,000, your GWB Adjustment is $200,000, and you have taken no withdrawals on or prior to the GWB Adjustment Date:
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Your new GWB is recalculated to equal $210,000, which is the greater of 1) your GWB prior to the application of the GWB Adjustment ($210,000) or 2) the GWB Adjustment ($200,000).
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The GWB Adjustment provision is terminated on the GWB Adjustment Date after the GWB Adjustment is applied (if any).
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Since you have taken no withdrawals, your GAWA% and GAWA have not yet been determined, thus no adjustment is made to your GAWA.
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No adjustment is made to your Bonus Base since the Bonus Base is not impacted by the GWB Adjustment.
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No adjustment is made to your GMWB Earnings Determination Baseline since the GMWB Earnings Determination Baseline is not impacted by the GWB Adjustment.
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Example 14 a: This example demonstrates how the Earnings-Sensitive Adjustment is applied if the GMWB Earnings are in excess of the total withdrawal. This example assumes that you request a withdrawal that includes the applicable Earnings-Sensitive Adjustment, if any, where at the time of the withdrawal your Contract Value is $118,000, your GWB is $100,000, your GAWA is $5,000, your GMWB Earnings Determination Baseline is $100,000, and the For Life Guarantee is in effect. You have taken no other partial withdrawals during the current Contract Year. Thus, your requested withdrawal amount (before the application of the Earnings-Sensitive Adjustment) is $5,000:
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Your GMWB Earnings are equal to $18,000, which is the greater of zero and your Contract Value less your GMWB Earnings Determination Baseline ($118,000 - $100,000 = $18,000).
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Your MEWAR is equal to $5,000, which is the greater of zero and the Earnings-Sensitive Adjustments thus far in the current Contract Year plus the GAWA less all partial withdrawals thus far in the current Contract Year ($0 + $5,000 - $0 = $5,000). Since no withdrawals have been taken in the current Contract Year the MEWAR equals the GAWA.
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$3,333, which is equal to 2/3 of the lesser of the MEWAR and the withdrawal amount prior to the Earnings-Sensitive Adjustment (2/3 * $5,000 = $3,333).
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The total withdrawal amount is equal to $8,333, which is the requested withdrawal amount before the Earnings-Sensitive Adjustment (or your MEWAR) plus the Earnings-Sensitive Adjustment ($5,000 + $3,333 = $8,333).
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Your Contract Value after the withdrawal is equal to $109,667, which is the Contract Value prior to the withdrawal less the total withdrawal amount ($118,000 - $8,333 = $109,667).
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Your GMWB Earnings Determination Baseline after the withdrawal is equal to $100,000, which is the GMWB Earnings Determination Baseline prior to the withdrawal ($100,000) reduced by the amount of the withdrawal in excess of GMWB Earnings ($0, since the withdrawal of $8,333 is less than the GMWB Earnings of $18,000). Since the GMWB Earnings is in excess of the total withdrawal the GMWB Earnings Determination Baseline is not reduced.
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Your MEWAR after the withdrawal is equal to $0, which is the greater of zero and the Earnings-Sensitive Adjustments thus far in the current Contract Year plus the GAWA less all partial withdrawals thus far in the current Contract Year ($3,333 + $5,000 - $8,333 = 0).
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Your GWB after the withdrawal is equal to $91,667, which is the GWB before the withdrawal less the total partial withdrawal ($100,000 - $8,333 = $91,667). Since the total partial withdrawals for the year do not exceed the total Earnings-Sensitive Adjustments for the current Contract Year ($3,333) plus the GAWA ($5,000), no proportional reduction applies to your GWB for this withdrawal.
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Since the total partial withdrawals for the year do not exceed the total Earnings-Sensitive Adjustments for the current Contract Year ($3,333) plus the GAWA ($5,000), your GAWA is unchanged after the withdrawal.
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Example 14 b: This example demonstrates how the Earnings-Sensitive Adjustment is applied if there are no GMWB Earnings in the Contract, i.e. your Contract Value is less than the GMWB Earnings Determination Baseline at the time of your total withdrawal. This example assumes that you request a withdrawal that includes the applicable Earnings-Sensitive Adjustment, if any, where at the time of the withdrawal your Contract Value is $98,000, your GWB is $100,000, your GAWA is $5,000, your GMWB Earnings Determination Baseline is $100,000, and the For Life Guarantee is in effect. You have taken no other partial withdrawals during the current Contract Year. Thus, your requested withdrawal amount (before the application of the Earnings-Sensitive Adjustment) is $5,000:
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Your GMWB Earnings are equal to $0, which is the greater of zero and your Contract Value less your GMWB Earnings Determination Baseline ($98,000 - $100,000 = -$2,000 which is less than zero).
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Your MEWAR is equal to $5,000, which is the greater of zero and the Earnings-Sensitive Adjustments thus far in the current Contract Year plus the GAWA less all partial withdrawals thus far in the current Contract Year ($0 + $5,000 - $0 = $5,000). Since no withdrawals have been taken in the current Contract Year the MEWAR equals the GAWA.
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$3,333, which is equal to 2/3 of the lesser of the MEWAR and the withdrawal amount prior to the Earnings-Sensitive Adjustment (2/3 * $5,000 = $3,333).
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The total withdrawal amount is equal to $5,000, which is the requested withdrawal amount before the Earnings-Sensitive Adjustment (or your MEWAR) plus the Earnings-Sensitive Adjustment ($5,000 + $0 = $5,000).
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Your Contract Value after the withdrawal is equal to $93,000, which is the Contract Value prior to the withdrawal less the total withdrawal amount ($98,000 - $5,000 = $93,000).
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Your GMWB Earnings Determination Baseline after the withdrawal is equal to $95,000, which is the GMWB Earnings Determination Baseline prior to the withdrawal ($100,000) reduced by the amount of the withdrawal in excess of GMWB Earnings ($5,000 - $0 = $5,000). Since there are no GMWB Earnings at the time of the withdrawal the GMWB Earnings Determination Baseline is reduced by the total withdrawal amount.
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Your MEWAR after the withdrawal is equal to $0, which is the greater of zero and the Earnings-Sensitive Adjustments thus far in the current Contract Year plus the GAWA less all partial withdrawals thus far in the current Contract Year ($0 + $5,000 - $5,000 = 0).
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Your GWB after the withdrawal is equal to $95,000, which is the GWB before the withdrawal less the total partial withdrawal ($100,000 - $5,000 = $95,000). Since the total partial withdrawals for the year do not exceed the total Earnings-Sensitive Adjustments for the current Contract Year ($0) plus the GAWA ($5,000), no proportional reduction applies to your GWB for this withdrawal.
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Since the total partial withdrawals for the year do not exceed the total Earnings-Sensitive Adjustments for the current Contract Year ($0) plus the GAWA ($5,000), your GAWA is unchanged after the withdrawal.
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Example 14 c: This example demonstrates an Excess Withdrawal that results in a re-determination of your GWB and GAWA. This example assumes that you request a withdrawal for $15,000 where at the time of the withdrawal your Contract Value is $108,000, your GWB is $100,000, your GAWA is $5,000, your GMWB Earnings Determination Baseline is $100,000, and the For Life Guarantee is in effect. You have taken no other partial withdrawals during the current Contract Year.
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Your GMWB Earnings are equal to $8,000, which is the greater of zero and your Contract Value less your GMWB Earnings Determination Baseline ($108,000 - $100,000 = $8,000).
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¨
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Your MEWAR is equal to $5,000, which is the greater of zero and the Earnings-Sensitive Adjustments thus far in the current Contract Year plus the GAWA less all partial withdrawals thus far in the current Contract Year ($0 + $5,000 - $0 = $5,000). Since no withdrawals have been taken in the current Contract Year the MEWAR equals the GAWA.
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Because you specified a withdrawal of exactly $15,000 including the Earnings-Sensitive Adjustment, the amount of the Earnings-Sensitive Adjustment for that withdrawal must be calculated. This requires a couple of steps.
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First, the Earnings-Sensitive Adjustment that would apply to a withdrawal of the MEWAR is calculated. This is the maximum Earnings-Sensitive Adjustment that could apply to a withdrawal of any size at that time. The maximum Earnings-Sensitive Adjustment is equal to $3,200, which is the lesser of two quantities:
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Second, your requested withdrawal is compared to the withdrawal of the MEWAR ($5,000) plus the maximum Earnings-Sensitive Adjustment ($3,200). Your requested withdrawal of $15,000 is greater than $8,200 ($5,000 + $3,200), so your Earnings-Sensitive Adjustment is equal to the maximum Earnings-Sensitive Adjustment ($3,200).
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Thus, your $15,000 withdrawal has a $3,200 Earnings-Sensitive Adjustment. Note that the result is the same as if you had requested a withdrawal of $11,800 plus the Earnings-Sensitive Adjustment, since your total withdrawal would also have been $15,000 in that case.
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The total withdrawal amount is equal to $15,000. Thus, your requested withdrawal exceeds your GAWA plus the Earnings-Sensitive Adjustment.
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¨
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Your Contract Value after the withdrawal is equal to $93,000, which is the Contract Value prior to the withdrawal less the total withdrawal amount ($108,000 - $15,000 = $93,000).
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¨
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Your GMWB Earnings Determination Baseline after the withdrawal is equal to $93,000, which is the GMWB Earnings Determination Baseline prior to the withdrawal ($100,000) reduced by the amount of the withdrawal in excess of GMWB Earnings ($15,000 - $8,000 = $7,000). Since a portion of the total withdrawal ($7,000) is in excess of GMWB Earnings, the GMWB Earnings Determination Baseline is reduced by the amount of the withdrawal in excess of GMWB Earnings.
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Your MEWAR after the withdrawal is equal to $0, which is the greater of zero and the Earnings-Sensitive Adjustments thus far in the current Contract Year plus the GAWA less all partial withdrawals thus far in the current Contract Year ($3,200 + $5,000 - $15,000 = -$6,800 which is less than zero).
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Your GWB after the withdrawal is equal to $85,545, which is your GWB reduced dollar-for-dollar for your GAWA plus the Earnings-Sensitive Adjustments in the current Contract Year, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA plus the Earnings-Sensitive Adjustments for the current Contract Year [($100,000 - $8,200) * (1 - ($15,000 - $8,200) / ($108,000 - $8,200)) = $85,545].
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¨
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Since the total partial withdrawals for the year ($15,000) then exceeds the total Earnings-Sensitive Adjustments for the current Contract Year ($3,200) plus the GAWA ($5,000), your GAWA after the withdrawal is equal to $4,659, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal
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¨
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If your For Life Guarantee is not in effect, your Earnings-Sensitive Adjustment may not exceed the greater of zero or your GWB less the MEWAR.
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¨
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If you request a withdrawal of an exact amount (for example, you wish to take a withdrawal from your Contract Value of only your GAWA, and no more), an Earnings-Sensitive Adjustment will still be calculated. The effect of that Earnings-Sensitive Adjustment will be to potentially allow for an additional amount available for withdrawal during the current Contract Year without incurring proportional reduction of your benefit. In other words, due to the Earnings-Sensitive Adjustment your GAWA may decrease by less than the total amount of Contract Value withdrawn.
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Your initial GWB is $100,000, which is your initial Premium payment, net of any applicable Premium taxes.
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§
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Example 1b: If the GMWB is elected after issue (subject to availability) when the Contract Value is $105,000 and your Contract includes a Contract Enhancement with a total Recapture Charge of $5,000 at the time the GMWB is elected:
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Your initial GWB is $100,000, which is your Contract Value ($105,000) less the Recapture Charge ($5,000) on the effective date of the endorsement.
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Your initial Benefit Determination Baseline (BDB) is set equal to your initial Premium payment , net of any applicable Premium taxes, if the endorsement is elected at issue or your Contract Value less any applicable Recapture Charge if the endorsement is elected after issuance of the Contract (subject to availability) .
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If your endorsement includes a GMWB Death Benefit provision, your initial GMWB Death Benefit is set equal to your initial GWB.
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Your initial GWB is $ 105,000 , which is your initial Premium payment, net of any applicable Premium taxes ($100,000) , plus any Contract Enhancement ($100,000*0.05=$5,000) .
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Example 2 b: If the GMWB is added after issue (subject to availability) when the Contract Value is $105,000:
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¨
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Your initial GWB is $105,000, which is your Contract Value on the effective date of the endorsement.
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Your initial Benefit Determination Baseline (BDB) is set equal to your initial Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement, if the endorsement is elected at issue or your Contract Value if the endorsement is elected after issuance of the Contract, subject to availability.
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If your endorsement includes a GMWB Death Benefit provision, your initial GMWB Death Benefit is set equal to your initial GWB.
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If, at the time the GAWA% is determined, your GAWA% is 5% based on your attained age and your GWB is $100,000, your initial GAWA is $5,000, which is your GAWA% multiplied by your GWB at that time ($100,000 * 0.05 = $5,000).
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Your GAWA% will be re-determined based on your attained age if your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) at the time of a step-up is greater than the BDB.
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Example 4a: This example demonstrates what happens if you make an additional Premium payment, net of applicable premium taxes, of $50,000, and your GWB is $100,000 at the time of payment:
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Your new GWB is $150,000, which is your GWB prior to the additional Premium payment ($100,000) plus your additional Premium payment, net of any applicable Premium taxes ($50,000). Your GWB is subject to a maximum of $5,000,000 (see Example 4b).
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Your GAWA is $7,500, which is your GAWA prior to the additional Premium payment ($5,000) plus 5% of your additional Premium payment, net of any applicable Premium taxes ($50,000*0.05 = $2,500).
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Example 4b: This example demonstrates how GWB and GAWA are affected by the GWB $5,000,000 maximum, upon payment of a subsequent Premium. If you make an additional Premium payment, net of any applicable Premium taxes, of $100,000 and your GWB is $4,950,000 and your GAWA is $247,500 at the time of payment:
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Your new GWB is $5,000,000, which is the maximum, since your GWB prior to the additional Premium payment ($4,950,000) plus your additional Premium payment, net of any applicable Premium taxes ($100,000) exceeds the maximum of $5,000,000.
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Your GAWA is $250,000, which is your GAWA prior to the additional Premium payment ($247,500) plus 5% of the allowable $50,000 increase in your GWB (($5,000,000 - $4,950,000)*0.05 = $2,500).
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Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA% has been determined.
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Your BDB is increased by the Premium payment, net of any applicable Premium taxes. The BDB is not subject to a maximum of $5,000,000.
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Your Bonus Base is increased by the Premium payment, net of any applicable Premium taxes, subject to a maximum of $5,000,000.
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If the Premium payment occurs prior to the first Contract Anniversary following the effective date of the endorsement, your 200% GWB Adjustment is increased by the Premium payment, net of any applicable Premium taxes, times 200%, subject to a maximum of $5,000,000. For example, if, as in Example 4a, you make an additional Premium payment, net of any applicable Premium taxes, of $50,000 prior to your first Contract Anniversary following the effective date of the endorsement, and your 200% GWB Adjustment value before the additional Premium payment is $200,000, then the 200% GWB Adjustment is increased by 200% of the additional Premium payment, net of any applicable Premium taxes. The resulting 200% GWB Adjustment is $200,000 + $100,000 = $300,000.
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If the Premium payment occurs on or after the first Contract Anniversary following the effective date of the endorsement, your 200% GWB Adjustment is increased by the Premium payment, net of any applicable Premium taxes, subject to a maximum of $5,000,000. For example, if you make an additional Premium payment, net of any applicable Premium taxes, of $50,000 after your first Contract Anniversary following the effective date of the endorsement, and your 200% GWB Adjustment value before the additional Premium payment is $200,000, then the 200% GWB Adjustment is increased by 100% of the additional Premium payment, net of any applicable Premium taxes. The resulting 200% GWB Adjustment is $200,000 + $50,000 = $250,000.
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If your endorsement includes a GMWB Death Benefit provision, your GMWB Death Benefit is increased by the Premium payment, net of any applicable Premium taxes, subject to a maximum of $5,000,000.
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Example 5 a: This example demonstrates what happens if you make an additional Premium payment, net of any applicable Premium taxes, of $50,000 and your GWB is $100,000 at the time of payment , and your Contract includes a Contract Enhancement provision which provides $2,500 to your Contract :
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Your new GWB is $ 152,500 , which is your GWB prior to the additional Premium payment ($100,000) plus your additional Premium payment, net of any applicable Premium taxes ($50,000) , plus any Contract Enhancement ($2,500) . Your GWB is subject to a maximum of $5,000,000 (see Example 5 b).
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Your GAWA is $ 7,625 , which is your GAWA prior to the additional Premium payment ($5,000) plus 5% of your additional Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement ( ( $50,000 +$2,500) *0.05 = $ 2,625 ).
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Example 5 b: This example demonstrates how GWB and GAWA are affected by the GWB $5,000,000 maximum, upon payment of a subsequent Premium. If you make an additional Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement of $100,000 and your GWB is $4,950,000 and your GAWA is $247,500 at the time of payment:
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Your new GWB is $5,000,000, which is the maximum, since your GWB prior to the additional Premium payment ($4,950,000) plus your additional Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement ($100,000) exceeds the maximum of $5,000,000.
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Your GAWA is $250,000, which is your GAWA prior to the additional Premium payment ($247,500) plus 5% of the allowable $50,000 increase in your GWB (($5,000,000 - $4,950,000)*0.05 = $2,500).
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Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA% has been determined.
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Your BDB is increased by the Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement. The BDB is not subject to a maximum of $5,000,000.
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Your Bonus Base is increased by the Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement, subject to a maximum of $5,000,000.
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If the Premium payment occurs prior to the first Contract Anniversary following the effective date of the endorsement, your GWB Adjustment is increased by the Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement times 200%, subject to a maximum of $5,000,000. For example, if, as in Example 5 a, you make an additional Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement of $ 52,500 prior to your first Contract Anniversary following the effective date of the endorsement, and your GWB Adjustment value before the additional Premium payment is $200,000, then the GWB Adjustment is increased by 200% of the additional Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement. The resulting GWB Adjustment is $200,000 + $ 105,000 = $ 305,000 .
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If the Premium payment occurs on or after the first Contract Anniversary following the effective date of the endorsement, your GWB Adjustment is increased by the Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement, subject to a maximum of $5,000,000. For example, if you make an additional Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement of $ 52,500 after your first Contract Anniversary following the effective date of the endorsement, and your GWB Adjustment value before the additional Premium payment is $200,000, then the GWB Adjustment is increased by 100% of the additional Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement. The resulting GWB Adjustment is $200,000 + $ 52,500 = $ 252,500 .
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If your endorsement includes a GMWB Death Benefit provision, your GMWB Death Benefit is increased by the Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement, subject to a maximum of $5,000,000.
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Example 6 a: This example demonstrates what happens if you withdraw an amount equal to your GAWA ($5,000) when your GWB is $100,000:
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Your new GWB is $95,000, which is your GWB prior to the withdrawal ($100,000) less the amount of the withdrawal ($5,000).
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Your GAWA for the next year remains $5,000, since you did not withdraw an amount that exceeds your GAWA.
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If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($95,000 / $5,000 per year = 19 years), provided that there are no further adjustments made to your GWB or your
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Example 6 b: This example demonstrates what happens if you withdraw an amount equal to your RMD ($7,500), which is greater than your GAWA ($5,000) when your GWB is $100,000 and the RMD provision is in effect for your endorsement:
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Your new GWB is $92,500, which is your GWB prior to the withdrawal ($100,000) less the amount of the withdrawal ($7,500).
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Your GAWA for the next year remains $5,000, since your withdrawal did not exceed the greater of your GAWA ($5,000) or your RMD ($7,500).
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If you continued to take annual withdrawals equal to your initial and unchanged RMD ($7,500), it would take approximately an additional 12 years to deplete your GWB ($92,500 / $7,500 per year = approximately 12 years), provided that there are no further adjustments made to your GWB or your RMD (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your RMD could continue for the rest of your life (or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), even beyond 12 years, provided that the withdrawals are taken prior to the Latest Income Date.
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Your Bonus Base remains unchanged since the withdrawal did not exceed the guaranteed amount; however, no Bonus will be applied to your GWB at the end of the Contract Year in which the withdrawal is taken.
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If your endorsement includes a GMWB Death Benefit provision, your GMWB Death Benefit will be reduced by the amount of the withdrawal.
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If the For Life Guarantee is not in effect, and if your GWB falls below your GAWA at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
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Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract.
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Example 7 a: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $130,000 and your GWB is $100,000:
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Your new GWB is $91,200, which is your GWB, first reduced dollar-for-dollar for any portion of the partial withdrawal not defined as an Excess Withdrawal (see below), then reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal [($100,000 - $5,000)*(1 - ($10,000 - $5,000) / ($130,000 - $5,000)) = $91,200].
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Your GAWA is recalculated to equal $4,800, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000 * (1 - ($10,000 - $5,000) / ($130,000 - $5,000)) = $4,800]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($91,200 / $4,800 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if your For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the any death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB
with Joint Option), even beyond 19 years, provided that the withdrawals are taken prior to the Latest Income Date.
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Example 7 b: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $105,000 and your GWB is $100,000:
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Your new GWB is $90,250, which is your GWB, first reduced dollar-for-dollar for any portion of the partial withdrawal not defined as an Excess Withdrawal (see below), then reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal [($100,000 - $5,000)*(1 - ($10,000 - $5,000) / ($105,000 - $5,000)) = $90,250].
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Your GAWA is recalculated to equal $4,750, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000 * (1 - ($10,000 - $5,000)/($105,000 - $5,000)) = $4,750]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($90,250 / $4,750 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if your For Life Guarantee is in
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Example 7 c: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $55,000 and your GWB is $100,000:
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Your new GWB is $85,500, which is your GWB, first reduced dollar-for-dollar for any portion of the partial withdrawal not defined as an Excess Withdrawal (see below), then reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal [($100,000 - $5,000) * (1 - ($10,000 - $5,000) / ($55,000 - $5,000)) = $85,500].
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Your GAWA is recalculated to equal $4,500, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000*(1-($10,000-$5,000)/($55,000 - $5,000))=$4,500]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($85,500 / $4,500 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if your For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint
Option), even beyond 19 years, provided that the withdrawals are taken prior to the Latest Income Date.
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Your Bonus Base is recalculated to equal the lesser of 1) your Bonus Base prior to the withdrawal or 2) your GWB following the withdrawal. In addition, no Bonus will be applied to your GWB at the end of the Contract Year in which the withdrawal is taken.
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If your endorsement includes a GMWB Death Benefit provision, your GMWB Death Benefit will first be reduced dollar-for-dollar for any portion of the withdrawal not defined as an Excess Withdrawal, then be reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal.
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If the For Life Guarantee is not in effect, and if your GWB falls below your GAWA at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
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The Excess Withdrawal is defined to be the lesser of the total amount of the current partial withdrawal, or the amount by which the cumulative partial withdrawals for the current Contract Year exceeds the greater of the GAWA or the RMD, as applicable.
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Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
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Example 8 a: This example demonstrates what happens if at the time of step-up your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) is $200,000, your GWB is $90,000, and your GAWA is $5,000:
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Your new GWB is recalculated to equal $200,000, which is equal to your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable).
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If the step-up occurs after the initial determination of your GAWA%, the GAWA% will be re-determined based on your attained age (or the youngest Covered Life's attained age if your endorsement is a For Life GMWB with Joint Option) if your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) at the time of the step-up is greater than your BDB.
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If, in the example above, your BDB is $100,000 and the GAWA% at the applicable attained age is 6%:
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·
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Your GAWA% is set to 6%, since your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) ($200,000) is greater than your BDB ($100,000).
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·
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Your GAWA is equal to $12,000, which is your new GWB multiplied by your new GAWA% ($200,000 * 0.06 = $12,000).
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·
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Your BDB is recalculated to equal $200,000, which is the greater of 1) your BDB prior to the step-up ($100,000) or 2) your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) at the time of step-up ($200,000).
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If your Bonus Base is $100,000 just prior to the step-up, your Bonus Base is recalculated to equal $200,000, which is the greater of 1) your Bonus Base prior to the step-up ($100,000) or 2) your GWB following the step-up ($200,000).
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If you have not passed your Contract Anniversary immediately following your 80th birthday (or the youngest Covered Life's 80th birthday if your endorsement is a For Life GMWB with Joint Option), your Bonus Period will re-start since your Bonus Base has been increased due to the step-up.
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Example 8 b: This example demonstrates what happens if at the time of step-up your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) is $90,000, your GWB is $80,000, and your GAWA is $5,000:
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Your new GWB is recalculated to equal $90,000, which is equal to your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable).
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Your GAWA for the next year remains $5,000, which is the greater of 1) your GAWA prior to the step-up ($5,000) or 2) 5% of your new GWB ($90,000*0.05 = $4,500).
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After step-up, if you continued to take annual withdrawals equal to your GAWA, it would take an additional 18 years to deplete your GWB ($90,000 / $5,000 per year = 18 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), even beyond 18 years, provided that the withdrawals are taken prior to the Latest Income Date.
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If the step-up occurs after the initial determination of your GAWA%, the GAWA% will be re-determined based on your attained age (or the youngest Covered Life's attained age if your endorsement is a For Life GMWB with Joint Option) if your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) is greater than your BDB. However, in this case, it is assumed BDB is $100,000. See examples 1, 2, 4, and 5 for a description of how the BDB is determined. Your BDB remains $100,000, which is the greater of 1) your BDB prior to the step-up ($100,000) or 2) your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) at the time of step-up ($90,000). Because the BDB did not increase upon step-up, this is not an opportunity for a redetermination of the GAWA%. Your GAWA for the
next year remains $5,000, which is the greater of 1) your GAWA prior to the step-up ($5,000) or 2) 5% of your new GWB ($90,000*0.05 = $4,500).
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If your Bonus Base is $100,000 just prior to the step-up, your Bonus Base remains $100,000, which is the greater of 1) your Bonus Base prior to the step-up ($100,000) or 2) your GWB following the step-up ($90,000).
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Though this endorsement allows for the Bonus Period to re-start, your Bonus Period will not re-start since your Bonus Base has not been increased due to the step-up.
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The Company may increase the GMWB charge upon step-up. You will have an opportunity to discontinue the automatic step-ups and avoid the potential increase in charge due to step-up. You should carefully consider this decision and consult your representative.
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Your GWB will only step-up to the Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) if the Contract Value is greater than your GWB at the time of the automatic step-up.
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Your Bonus Base will be re-determined only if your GWB is increased upon step-up to a value above your Bonus Base just prior to the step-up.
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¨
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Your GAWA is recalculated upon step-up (as described above) only if the step-up occurs after your GAWA% has been determined.
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If your endorsement contains a GMWB Death Benefit provision, your GMWB Death Benefit remains unchanged since step-ups do not impact the GMWB Death Benefit.
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If your endorsement was issued on or after 04/29/2013 and if your endorsement bases step-ups on the highest quarterly Contract Value, the highest quarterly Contract Value is equal to the highest of the quarterly adjusted Contract Values from the four most recent Contract Quarterly Anniversaries, including the Contract Anniversary upon which the step-up is determined. The quarterly adjusted Contract Value is equal to the Contract Value on the Contract Quarterly Anniversary, plus any Premium paid subsequent to that Contract Quarterly Anniversary, net of any applicable Premium taxes, adjusted for any partial withdrawals taken subsequent to that Contract Quarterly Anniversary.
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If your endorsement was issued before 04/29/2013 and if your endorsement bases step-ups on the Highest Quarterly Contract Value, the Highest Quarterly Contract Value is equal to the highest of the quarterly adjusted Contract Values from the four most recent Contract Quarterly Anniversaries, including the Contract Anniversary upon which the step-up is determined. The quarterly adjusted Contract Value is equal to the Contract Value on the Contract Quarterly Anniversary, plus any Premium paid subsequent to that Contract Quarterly Anniversary, net of any applicable Premium taxes, plus any Contract Enhancement, adjusted for any partial withdrawals taken subsequent to that Contract Quarterly Anniversary.
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Example 9 a: This example demonstrates what happens if prior to any transactions your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) is $200,000, your GAWA is $5,000, your GWB is $100,000, your GWB is due to step-up automatically, and you also wish to take a withdrawal of an amount equal to $5,000:
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If you request the withdrawal the day after the step-up, upon step-up, your GWB is set equal to $200,000, which is your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable). At that time, your GAWA is equal to $10,000, which is 5% of your new GWB ($200,000*0.05 = $10,000). On the day following the step-up and after the withdrawal of $5,000, your new GWB is $195,000, which is your GWB less the amount of the withdrawal ($200,000 - $5,000 = $195,000) and your GAWA will remain at $10,000 since the amount of the withdrawal does not exceed your GAWA. If you continued to take annual withdrawals equal to your GAWA, it would take approximately an additional 20 years to deplete your GWB ($195,000 / $10,000 per year = approximately 20 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your
GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), even beyond 20 years, provided that the withdrawals are taken prior to the Latest Income Date.
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If your Bonus Base is $100,000 just prior to the step-up, at the time of step-up, your Bonus Base is recalculated and is equal to $200,000, which is the greater of 1) your Bonus Base prior to the step-up ($100,000) or 2) your GWB following the step-up ($200,000). Your Bonus Base is not adjusted upon withdrawal since the amount of the withdrawal does not exceed your GAWA.
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If you have not passed the Contract Anniversary immediately following your 80th birthday (or the youngest Covered Life's 80th birthday if your endorsement is a For Life GMWB with Joint Option), your Bonus Period will re-start since your Bonus Base has been increased due to the step-up.
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If your BDB is $100,000 just prior to the step-up, then at the time of step-up, your BDB is recalculated and is equal to $200,000, which is the greater of 1) your BDB prior to the step-up ($100,000) or 2) your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) at the time of step-up ($200,000). Your BDB is not adjusted upon withdrawal since the BDB is not reduced for partial withdrawals.
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If you request the withdrawal prior to the step-up, immediately following the withdrawal transaction, your new GWB is $95,000, which is your GWB less the amount of the withdrawal ($100,000 - $5,000 = $95,000) and your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) becomes $195,000, which is your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) prior to the withdrawal less the amount of the withdrawal ($200,000 - $5,000 = $195,000). Upon step-up following the withdrawal, your GWB is set equal to $195,000, which is your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable). At that time, your GAWA is recalculated and is equal to $9,750, which is the greater of 1) your GAWA prior
to the step-up ($5,000) or 2) 5% of your new GWB ($195,000*0.05 = $9,750). If you continued to take annual withdrawals equal to your GAWA, it would take an additional 20 years to deplete your GWB ($195,000 / $9,750 per year = 20 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), even beyond 20 years, provided that the withdrawals are taken prior to the Latest Income Date.
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If your Bonus Base is $100,000 just prior to the withdrawal, then at the time of the withdrawal, your Bonus Base is not adjusted since the amount of the withdrawal does not exceed your GAWA. At the time of step-up, your Bonus Base is recalculated and is equal to $195,000, which is the greater of 1) your Bonus Base prior to the step-up ($100,000) or 2) your GWB following the step-up ($195,000).
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If you have not passed the Contract Anniversary immediately following your 80th birthday (or the youngest Covered Life's 80th birthday if your endorsement is a For Life GMWB with Joint Option), your Bonus Period will re-start since your Bonus Base has been increased due to the step-up.
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If your BDB is $100,000 just prior to the withdrawal, then at the time of the withdrawal, your BDB is not adjusted since the BDB is not reduced for partial withdrawals. At the time of step-up, your BDB is recalculated and is equal to $195,000, which is the greater of 1) your BDB prior to the step-up ($100,000) or 2) your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) at the time of step-up ($195,000).
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As the example illustrates, when considering a request for a withdrawal at or near the same time as application of a step-up, the order of the two transactions may impact your GAWA.
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If the step-up would result in an increase in your GAWA and the requested withdrawal is less than or equal to your new GAWA, your GAWA resulting after the two transactions would be greater if the withdrawal is requested after the step-up is applied.
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If the step-up would result in an increase in your GAWA, and the withdrawal requested is greater than your new GAWA, your GAWA resulting after the two transactions would be greater if the withdrawal is requested after the step-up is applied.
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Otherwise, your GAWA resulting from the transactions is the same regardless of the order of transactions.
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This example would also apply in situations when the withdrawal exceeded your GAWA but not your permissible RMD.
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Your Bonus Base will be re-determined only if your GWB is increased upon step-up to a value above your Bonus Base just prior to the step-up.
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The GAWA% is re-determined upon step-up if your Contract Value (as determined based on either the Contract Anniversary Value or the Highest Quarterly Contract Value, as applicable) is greater than your BDB.
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If your endorsement contains a GMWB Death Benefit provision, the GMWB Death Benefit would not be adjusted for the step-up since step-ups do not impact the GMWB Death Benefit, but your GMWB Death Benefit may be reduced for the withdrawal.
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If your endorsement was issued on or after 04/29/2013 and if your endorsement bases step-ups on the highest quarterly Contract Value, the highest quarterly Contract Value is equal to the highest of the quarterly adjusted Contract Values from the four most recent Contract Quarterly Anniversaries, including the Contract Anniversary upon which the step-up is determined. The quarterly adjusted Contract Value is equal to the Contract Value on the Contract Quarterly Anniversary, plus any Premium paid subsequent to that Contract Quarterly Anniversary, net of any applicable Premium taxes, adjusted for any partial withdrawals taken subsequent to that Contract Quarterly Anniversary.
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If your endorsement was issued before 04/29/2013 and if your endorsement bases step-ups on the Highest Quarterly Contract Value, the Highest Quarterly Contract Value is equal to the highest of the quarterly adjusted Contract Values from the four most recent Contract Quarterly Anniversaries, including the Contract Anniversary upon which the step-up is determined. The quarterly adjusted Contract Value is equal to the Contract Value on the Contract Quarterly Anniversary, plus any Premium paid subsequent to that Contract Quarterly Anniversary, net of any applicable Premium taxes, plus any Contract Enhancement, adjusted for any partial withdrawals taken subsequent to that Contract Quarterly Anniversary.
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If the For Life Guarantee is not in effect, and if your GWB falls below your GAWA at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
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Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where a minimum death benefit is reduced proportionately for withdrawals, the death benefit may be reduced by more than the amount of the withdrawal.
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Example 10 a: This example demonstrates what happens if at the end of a Contract Year in which you have taken no withdrawals, your GWB is $100,000, your Bonus Base is $100,000, and your GAWA is $5,000:
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Your new GWB is recalculated to equal $107,000, which is equal to your GWB plus 7% of your Bonus Base ($100,000 + $100,000*0.07 = $107,000).
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Your GAWA for the next year is equal $5,350, which is 5% of your new GWB ($107,000*0.05 = $5,350).
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After the application of the Bonus, if you continued to take annual withdrawals equal to your GAWA, it would take approximately an additional 20 years to deplete your GWB ($107,000 / $5,350 per year = approximately 20 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), even beyond 20 years, provided that the withdrawals are taken prior to the Latest Income Date.
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Example 10 b: This example demonstrates what happens if at the end of a Contract Year in which you have taken no withdrawals, your GWB is $90,000, your Bonus Base is $100,000, and your GAWA is $5,000:
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Your new GWB is recalculated to equal $97,000, which is equal to your GWB plus 7% of your Bonus Base ($90,000 + $100,000*0.07 = $97,000).
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Your GAWA for the next year remains $5,000, which is the greater of 1) your GAWA prior to the application of the Bonus ($5,000) or 2) 5% of your new GWB ($97,000*0.05 = $4,850).
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After the application of the Bonus, if you continued to take annual withdrawals equal to your GAWA, it would take approximately an additional 20 years to deplete your GWB ($97,000 / $5,000 per year = approximately 20 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date. However, if the For Life Guarantee is in effect, withdrawals equal to your GAWA could continue for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), even beyond 20 years, provided that the withdrawals are taken prior to the Latest Income Date.
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Your GAWA is recalculated upon the application of the Bonus (as described above) only if the application of the Bonus occurs after your GAWA% has been determined.
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Your GWB Adjustment remains unchanged since the GWB Adjustment is not impacted by the application of the Bonus.
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If your endorsement includes a GMWB Death Benefit provision, your GMWB Death Benefit remains unchanged since the GMWB Death Benefit is not impacted by the application of the Bonus.
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If the For Life Guarantee is not in effect, and if your GWB falls below your GAWA at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
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Example 11 a: This example demonstrates what happens if on the date the For Life Guarantee becomes effective, your Contract Value is $30,000, your GWB is $50,000, and your GAWA is $5,000:
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Your GAWA for the next year is recalculated to equal $2,500, which is equal to 5% of the current GWB ($50,000*0.05 = $2,500).
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The For Life Guarantee becomes effective, thus allowing you to make annual withdrawals equal to your GAWA for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), provided that the withdrawals are taken prior to the Latest Income Date. Once the For Life Guarantee becomes effective, it remains in effect until the endorsement is terminated, as described in the Access to Your Money section of this prospectus, or upon continuation of the Contract by the spouse (unless your endorsement is a For Life GMWB with Joint Option and the spouse continuing the Contract is a Covered Life in which case the For Life Guarantee remains in effect upon continuation of the Contract by the spouse).
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Example 11 b: This example demonstrates what happens if your Contract Value has fallen to $0 prior to the date the For Life Guarantee becomes effective, your GWB is $50,000 and your GAWA is $5,000:
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You will continue to receive automatic payments of a total annual amount that equals your GAWA until your GWB is depleted. However, your GAWA would not be permitted to exceed your remaining GWB. Your GAWA is not recalculated since the Contract Value is $0.
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The For Life Guarantee does not become effective due to the depletion of the Contract Value prior to the effective date of the For Life Guarantee.
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Example 11 c: This example demonstrates what happens if on the date the For Life Guarantee becomes effective, your Contract Value is $50,000, your GWB is $0, and your GAWA is $5,000:
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Your GAWA for the next year is recalculated to equal $0, which is equal to 5% of the current GWB ($0*0.05 = $0).
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The For Life Guarantee becomes effective, thus allowing you to make annual withdrawals equal to your GAWA for the rest of your life (or in the case of Joint Owners, until the first death of the Joint Owners or until the death of the last surviving Covered Life if your endorsement is a For Life GMWB with Joint Option), provided that the withdrawals are taken prior to the Latest Income Date. Once the For Life Guarantee becomes effective, it remains in effect until the endorsement is terminated, as described in the Access to Your Money section of this prospectus, or upon continuation of the Contract by the spouse (unless your endorsement is a For Life GMWB with Joint Option and the spouse continuing the Contract is a Covered Life in which case the For Life Guarantee remains in effect upon continuation of the Contract by the spouse).
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Although your GAWA is $0, upon step-up or subsequent Premium payments, your GWB and your GAWA would increase to values greater than $0 and since the For Life Guarantee has become effective, you could withdraw an annual amount equal to your GAWA for the rest of your life (or in the case of Joint Owners, until the first death of the Joint
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This example demonstrates what happens if at the time of the death of the Owner (or either Joint Owner) the Contract Value is $105,000 and your GWB is $100,000:
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If your endorsement has a For Life Guarantee that becomes effective after the effective date of the endorsement, the surviving Covered Life may continue the Contract and the For Life Guarantee will remain in effect or begin on the date the For Life Guarantee becomes effective. The GAWA% and the GAWA will continue to be determined or re-determined based on the youngest Covered Life’s attained age (or the age he or she would have attained). Once the For Life Guarantee becomes effective, the surviving Covered Life will be able to take annual withdrawals equal to the GAWA for the rest of his or her life, provided that the withdrawals are taken prior to the Latest Income Date.
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If your endorsement has a For Life Guarantee that becomes effective on the effective date of the endorsement, the surviving Covered Life may continue the Contract and the For Life Guarantee will remain in effect. The GAWA% and the GAWA will continue to be determined or re-determined based on the youngest Covered Life’s attained age (or the age he or she would have attained). The surviving Covered Life will be able to take annual withdrawals equal to the GAWA for the rest of his or her life, provided that the withdrawals are taken prior to the Latest Income Date.
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The surviving spouse who is not a Covered Life may continue the Contract and the For Life Guarantee is null and void. However, the surviving spouse will be entitled to make withdrawals until the GWB is exhausted, provided that the withdrawals are taken prior to the Latest Income Date.
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If your endorsement has a For Life Guarantee that becomes effective after the effective date of the endorsement, your reset date is the Contract Anniversary on or immediately following the youngest Covered Life attaining the age of 59 ½. Your Bonus Base remains unchanged at the time of continuation.
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Example 13 a: This example demonstrates what happens if on the GWB Adjustment Date, your GWB is $160,000, your GWB Adjustment is $200,000, and you have taken no withdrawals on or prior to the GWB Adjustment Date:
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Your new GWB is recalculated to equal $200,000, which is the greater of 1) your GWB prior to the application of the GWB Adjustment ($160,000) or 2) the GWB Adjustment ($200,000).
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Example 13 b: This example demonstrates what happens if on the GWB Adjustment Date, your GWB is $210,000, your GWB Adjustment is $200,000, and you have taken no withdrawals on or prior to the GWB Adjustment Date:
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Your new GWB is recalculated to equal $210,000, which is the greater of 1) your GWB prior to the application of the GWB Adjustment ($210,000) or 2) the GWB Adjustment ($200,000).
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The GWB Adjustment provision is terminated on the GWB Adjustment Date after the GWB Adjustment is applied (if any).
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Since you have taken no withdrawals, your GAWA% and GAWA have not yet been determined, thus no adjustment is made to your GAWA.
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No adjustment is made to your Bonus Base since the Bonus Base is not impacted by the GWB Adjustment.
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If your endorsement includes a GMWB Death Benefit provision, no adjustment is made to your GMWB Death Benefit since the GMWB Death Benefit is not impacted by the GWB Adjustment.
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Example 1b: If the GMWB is elected after issue (if permitted) when the Contract Value is $105,000 and your Contract includes a Contract Enhancement with a total Recapture Charge of $5,000 at the time the GMWB is elected:
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Your initial GWB is $100,000, which is your Contract Value ($105,000) less the Recapture Charge ($5,000) on the effective date of the endorsement.
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Example 1c: If the GMWB is elected after issue (if permitted) or you convert to the GMWB from another GMWB (if permitted) when the Contract Value is $110,000 and your Contract includes a Contract Enhancement with a total Recapture Charge of $5,000 at the time the GMWB is elected or converted:
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Your initial GWB in your new GMWB is $105,000, which is your Contract Value ($110,000) less the Recapture Charge ($5,000) on the effective date of the endorsement. If you converted your GMWB when the GWB for your former GMWB was $120,000 and the Contract Value less the Recapture Charge declined to $105,000 prior to the conversion date, the conversion to the new GMWB would result in a $15,000 reduction in the GWB.
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Your GAWA% and GAWA are not determined until the earlier of the time of your first withdrawal or the date that your Contract Value reduces to zero.
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If, at the time the GAWA% is determined, your GAWA% is 5% based on your attained age and your GWB is $100,000, your initial GAWA is $5,000, which is your GAWA% multiplied by your GWB at that time ($100,000 * 0.05 = $5,000).
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Example 3a: This example demonstrates what happens if you make an additional Premium payment of $50,000, your GWB is $100,000, your GAWA is $5,000, your GMWB Charge Base is $100,000, and your Contract includes a Contract Enhancement provision which provides $2,500 to your Contract at the time of the Premium payment:
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Your new GWB is $150,000, which is your GWB prior to the additional Premium payment ($100,000) plus your additional Premium payment ($50,000). Your GWB is subject to a maximum of $5,000,000 (see Example 3b).
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Your GAWA is $7,500, which is your GAWA prior to the additional Premium payment ($5,000) plus 5% of your additional Premium payment ($50,000*0.05 = $2,500).
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Your new GMWB Charge Base is $150,000, which is your GMWB Charge Base prior to the additional Premium payment ($100,000) plus your additional Premium payment ($50,000). Your GMWB Charge Base is subject to a maximum of $5,000,000 (see Example 3b).
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Example 3b: This example demonstrates how GWB and GAWA are affected by the GWB $5,000,000 maximum, upon payment of a subsequent Premium. If you make an additional Premium payment of $100,000, your GWB is $4,950,000, your GAWA is $247,500, and your GMWB Charge Base is $4,950,000 at the time of payment:
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Your new GWB is $5,000,000, which is the maximum, since your GWB prior to the additional Premium payment ($4,950,000) plus your additional Premium payment ($100,000) exceeds the maximum of $5,000,000.
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Your GAWA is $250,000, which is your GAWA prior to the additional Premium payment ($247,500) plus 5% of the allowable $50,000 increase in your GWB (($5,000,000 - $4,950,000)*0.05 = $2,500).
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Your new GMWB Charge Base is $5,000,000, which is the maximum, since your GMWB Charge Base prior to the additional Premium payment ($4,950,000) plus your additional Premium payment ($100,000) exceeds the maximum of $5,000,000.
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Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA % has been determined.
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Example 4a: This example demonstrates what happens if you withdraw an amount equal to your GAWA ($5,000) when your GWB is $100,000 and your GMWB Charge Base is $100,000:
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Your new GWB is $95,000, which is your GWB prior to the withdrawal ($100,000) less the amount of the withdrawal ($5,000).
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Your GAWA for the next year remains $5,000, since you did not withdraw an amount that exceeds your GAWA.
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Your GMWB Charge Base remains $100,000, since you did not withdraw an amount that exceeds your GAWA.
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If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($95,000 / $5,000 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
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Example 4b: This example demonstrates what happens if you withdraw an amount equal to your Stretch RMD ($7,500), which is greater than your GAWA ($5,000) when your GWB is $100,000 and your GMWB Charge Base is $100,000:
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Your new GWB is $92,500, which is your GWB prior to the withdrawal ($100,000) less the amount of the withdrawal ($7,500).
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Your GAWA for the next year remains $5,000, since your withdrawal did not exceed the greater of your GAWA ($5,000) or your Stretch RMD ($7,500).
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Your GMWB Charge Base remains $100,000, since your withdrawal did not exceed the greater of your GAWA ($5,000) or your Stretch RMD ($7,500).
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If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($92,500 / $5,000 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
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If your GAWA falls below your GWB at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
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Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
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Example 5a –This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $130,000, your GWB is $100,000, and your GMWB Charge Base is $100,000:
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Your new GWB is $91,200, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $5,000)*(1 - ($10,000 - $5,000) / ($130,000 - $5,000)) = $91,200].
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Your GAWA is recalculated to equal $4,800, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000 * (1 - ($10,000 - $5,000) / ($130,000 - $5,000)) = $4,800]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($91,200 / $4,800 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
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Your GMWB Charge Base is recalculated to equal $96,000, which is your current GMWB Charge Base reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$100,000,000 * (1 - ($10,000 - $5,000) / ($130,000 - $5,000)) = $96,000].
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Example 5b: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $105,000, your GWB is $100,000, and your GMWB Charge Base is $100,000:
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Your new GWB is $90,250, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $5,000)*(1 - ($10,000 - $5,000) / ($105,000 - $5,000)) = $90,250].
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Your GAWA is recalculated to equal $4,750, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000 * (1 - ($10,000 - $5,000)/($105,000 - $5,000)) = $4,750]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($90,250 / $4,750 per year = 19 years), provided that there are no
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Your GMWB Charge Base is recalculated to equal $95,000, which is your current GMWB Charge Base reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$100,000,000 * (1 - ($10,000 - $5,000) / ($105,000 - $5,000)) = $95,000].
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Example 5c: This example demonstrates what happens if you withdraw an amount ($10,000) that exceeds your GAWA ($5,000) when your Contract Value is $55,000, your GWB is $100,000, and your GMWB Charge Base is $100,000:
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Your new GWB is $85,500, which is your GWB reduced dollar-for-dollar for your GAWA, then reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [($100,000 - $5,000) * (1 - ($10,000 - $5,000) / ($55,000 - $5,000)) = $85,500].
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¨
|
Your GAWA is recalculated to equal $4,500, which is your current GAWA reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$5,000*(1-($10,000-$5,000)/($55,000 - $5,000))=$4,500]. If you continued to take annual withdrawals equal to your GAWA, it would take an additional 19 years to deplete your GWB ($85,500 / $4,500 per year = 19 years), provided that there are no further adjustments made to your GWB or your GAWA (besides the annual reduction of your GWB by the amount of the withdrawal) and that the withdrawals are taken prior to the Latest Income Date.
|
|
¨
|
Your GMWB Charge Base is recalculated to equal $90,000, which is your current GMWB Charge Base reduced in the same proportion that the Contract Value is reduced for the portion of the withdrawal that is in excess of the GAWA [$100,000,000 * (1 - ($10,000 - $5,000) / ($55,000 - $5,000)) = $90,000].
|
|
¨
|
If your GAWA falls below your GWB at the end of your Contract Year, your GAWA will be adjusted to equal your GWB.
|
|
¨
|
Withdrawals taken in connection with a GMWB are considered the same as any other withdrawal for the purpose of determining all other values under the Contract. In the case where your minimum death benefit is reduced proportionately for withdrawals, your death benefit may be reduced by more than the amount of the withdrawal.
|
|
§
|
Example 6a: This example demonstrates what happens if your Contract Value is $5,000 and your GWB is $8,000 on the Contract Anniversary occurring in your GMWB Maturity Year:
|
|
¨
|
Your GMWB Maturity Year payment equals $3,000, which is the excess of your GWB ($8,000) over your Contract Value ($5,000).
|
|
§
|
Example 6b: This example demonstrates what happens if your Contract Value is $15,000 and your GWB is $8,000 on the Contract Anniversary occurring in your GMWB Maturity Year:
|
|
¨
|
Your GMWB Maturity Year payment equals zero, since your GWB ($8,000) does not exceed your Contract Value ($15,000).
|
|
¨
|
Your GMWB Maturity Year is determined on the effective date of the endorsement and will not change, even if the GMWB is continued by your Beneficiary.
|
|
Questions: If you have any questions about your Contract, you may contact us at:
|
||
|
Jackson of NY Service Center:
|
1 (800) 599-5651 (8 a.m. - 8 p.m. ET)
|
|
|
Mail Address:
|
P.O. Box 3031 3 , Lansing, Michigan 48909-781 3
|
|
|
Delivery Address:
|
||
|
Jackson of NY IMG Service Center:
|
1 (888) 464-7779 (8 a.m. - 8 p.m. ET)
|
|
|
(for Contracts purchased through a bank or another financial institution)
|
||
|
Mail Address:
|
P.O. Box 30901 , Lansing, Michigan 48909- 8401
|
|
|
Delivery Address:
|
||
|
Home Office:
|
||
|
Page
|
|
|
General Information and History
|
2
|
|
Services
|
9
|
|
Purchase of Securities Being Offered
|
10
|
|
Underwriters
|
10
|
|
Calculation of Performance
|
10
|
|
Additional Tax Information
|
12
|
|
Annuity Provisions
|
22
|
|
Net Investment Factor
|
22
|
|
Financial Statements of the Separate Account
|
Appendix A
|
|
Financial Statements of Jackson of NY
|
Appendix B
|
|
Jackson has entered into a License Agreement with Value Line®. Value Line Publishing, Inc.'s ("VLPI") only relationship to Jackson is VLPI's licensing to Jackson of certain VLPI trademarks and trade names and the Value Line Timeliness Ranking System (the "System"), which is composed by VLPI without regard to Jackson, this Product or any investor. VLPI has no obligation to take the needs of Jackson or any investor in the Product into consideration in composing the System. The Product results may differ from the hypothetical or published results of the Value Line Timeliness Ranking System. VLPI is not responsible for and has not participated in the determination of the prices and composition of the Product or the timing of the issuance for sale of the Product or in the calculation of the equations by which the Product is to be converted into cash.
VLPI MAKES NO WARRANTY CONCERNING THE SYSTEM, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR ANY IMPLIED WARRANTIES ARISING FROM USAGE OF TRADE, COURSE OF DEALING OR COURSE OF PERFORMANCE, AND VLPI MAKES NO WARRANTY AS TO THE POTENTIAL PROFITS OR ANY OTHER BENEFITS THAT MAY BE ACHIEVED BY USING THE SYSTEM OR ANY INFORMATION OR MATERIALS GENERATED THEREFROM. VLPI DOES NOT WARRANT THAT THE SYSTEM WILL MEET ANY REQUIREMENTS OR THAT IT WILL BE ACCURATE OR ERROR-FREE. VLPI ALSO DOES NOT GUARANTEE ANY USES, INFORMATION, DATA OR OTHER RESULTS GENERATED FROM THE SYSTEM. VLPI HAS NO OBLIGATION OR LIABILITY (I) IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR TRADING OF THE PRODUCT; OR (II) FOR ANY LOSS, DAMAGE, COST OR EXPENSE SUFFERED OR INCURRED BY ANY INVESTOR OR OTHER PERSON OR ENTITY IN CONNECTION WITH THIS PRODUCT, AND IN NO EVENT SHALL
VLPI BE LIABLE FOR ANY LOST PROFITS OR OTHER CONSEQUENTIAL, SPECIAL, PUNITIVE, INCIDENTAL, INDIRECT OR EXEMPLARY DAMAGES IN CONNECTION WITH THE PRODUCT.
|
|
THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND AND THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND ARE NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. (“MSCI”), ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY, THE “MSCI PARTIES”). THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY JACKSON NATIONAL ASSET MANAGEMENT, LLC. NONE OF THE MSCI PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND OR ANY OTHER PERSON OR ENTITY REGARDING
THE ADVISABILITY OF INVESTING IN FUNDS GENERALLY OR IN THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE MSCI INDEXES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND OR THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND OR ANY OTHER PERSON OR ENTITY. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS OF THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND OR
ANY OTHER PERSON OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDEXES. NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY OR THE CONSIDERATION INTO WHICH THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND IS REDEEMABLE. FURTHER, NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON
CAPITAL EMERGING MARKETS INDEX FUND.
ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS RELIABLE, NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND OR THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI PARTIES MAKES ANY EXPRESS OR IMPLIED
WARRANTIES OF ANY KIND, AND THE MSCI PARTIES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
|
|
a
|
=
|
net investment income earned during the period by the Fund attributable to shares owned by the Investment Division.
|
|
b
|
=
|
expenses for the Investment Division accrued for the period (net of reimbursements).
|
|
c
|
=
|
the average daily number of accumulation units outstanding during the period.
|
|
d
|
=
|
the maximum offering price per accumulation unit on the last day of the period.
|
|
●
|
attains age 70 1/2,
|
|
●
|
severs employment,
|
|
●
|
dies, or
|
|
●
|
suffers an unforeseeable financial emergency as defined in the regulations.
|
|
(a)
|
is the net result of:
|
|
|
(1)
|
the net asset value of a Fund's share held in the Investment Division determined as of the valuation date at the end of the valuation period, plus
|
|
|
(2)
|
the per share amount of any dividend or other distribution declared by the Fund if the "ex-dividend" date occurs during the valuation period, plus or minus
|
|
|
(3)
|
a per share credit or charge with respect to any taxes paid or reserved for by Jackson of NY during the valuation period which are determined by Jackson of NY to be attributable to the operation of the Investment Division (no federal income taxes are applicable under present law);
|
|
|
(b)
|
is the net asset value of the Fund share held in the Investment Division determined as of the valuation date at the end of the preceding valuation period; and
|
|
|
(c)
|
is the asset charge factor determined by Jackson of NY for the valuation period to reflect the asset-based charges (the mortality and expense risk charge), administration charge, and any applicable charges for optional benefits.
|
|
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Statements of Assets and Liabilities
|
||||||||||||||||||||
| Curian Dynamic Risk Advantage - Aggressive Portfolio |
Curian Dynamic Risk Advantage - Diversified Portfolio |
Curian Dynamic Risk Advantage - Income Portfolio |
Curian Guidance - Balanced Income Portfolio |
Curian Guidance - Equity 100 Portfolio |
Curian Guidance - Fixed 100 Portfolio |
Curian Guidance - Institutional Alt 100 Portfolio |
Curian Guidance - Institutional Alt 65 Portfolio |
Curian Guidance - Maximize Income Portfolio |
Curian Guidance - Maximum Growth Portfolio |
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 941,025 | $ | 2,515,049 | $ | 2,504,428 | $ | 2,454,605 | $ | 291,615 | $ | 278,023 | $ | 6,324,401 | $ | 2,615,218 | $ | 797,205 | $ | 890,114 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
87 | 9,969 | 218 | 213 | 21 | 28 | 575 | 13,861 | 71 | 73 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
- | 30,877 | 7,920 | 3,960 | 39,506 | - | - | 14,532 | - | 35,794 | ||||||||||||||||||||||||||||||
|
Total assets
|
941,112 | 2,555,895 | 2,512,566 | 2,458,778 | 331,142 | 278,051 | 6,324,976 | 2,643,611 | 797,276 | 925,981 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
- | 30,877 | 7,920 | 3,960 | 39,506 | - | - | 14,532 | - | 35,794 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
- | 9,741 | - | - | - | - | - | 13,632 | - | - | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
|
||||||||||||||||||||||||||||||||||||||||
|
of New York
|
87 | 228 | 218 | 213 | 21 | 28 | 575 | 229 | 71 | 73 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
87 | 40,846 | 8,138 | 4,173 | 39,527 | 28 | 575 | 28,393 | 71 | 35,867 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 941,025 | $ | 2,515,049 | $ | 2,504,428 | $ | 2,454,605 | $ | 291,615 | $ | 278,023 | $ | 6,324,401 | $ | 2,615,218 | $ | 797,205 | $ | 890,114 | ||||||||||||||||||||
|
(a) Investment shares
|
98,640 | 251,505 | 244,812 | 233,106 | 28,257 | 27,582 | 618,221 | 250,500 | 75,066 | 85,753 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 956,699 | $ | 2,522,778 | $ | 2,476,191 | $ | 2,410,845 | $ | 286,733 | $ | 277,536 | $ | 6,159,030 | $ | 2,526,800 | $ | 776,965 | $ | 857,740 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Statements of Assets and Liabilities
|
||||||||||||||||||||
|
Curian Guidance -
Moderate
Growth Portfolio |
Curian Guidance -
Rising
Income Portfolio |
Curian Guidance -
Tactical
Maximum Growth Portfolio
|
Curian Guidance -
Tactical
Moderate Growth Portfolio
|
Curian
Tactical Advantage 35 Portfolio
|
Curian Tactical Advantage 60 Portfolio |
Curian Tactical Advantage 75 Portfolio |
Curian/ American Funds Growth Portfolio |
Curian/ DFA U.S. Micro Cap Portfolio |
Curian/Epoch
Global Shareholder
Yield
Portfolio |
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 4,376,528 | $ | 1,462,790 | $ | 1,446,409 | $ | 4,623,016 | $ | 1,394,233 | $ | 1,450,674 | $ | 800,888 | $ | 444,616 | $ | 13,912 | $ | 140,804 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
375 | 131 | 127 | 437 | 135 | 10,378 | 69 | 41 | 1 | 12 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
35,794 | - | 10,000 | 7,000 | 3,960 | 35,794 | - | - | - | - | ||||||||||||||||||||||||||||||
|
Total assets
|
4,412,697 | 1,462,921 | 1,456,536 | 4,630,453 | 1,398,328 | 1,496,846 | 800,957 | 444,657 | 13,913 | 140,816 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
35,794 | - | 10,000 | 7,000 | 3,960 | 35,794 | - | - | - | - | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
- | - | - | - | - | 10,250 | - | - | - | - | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
|
||||||||||||||||||||||||||||||||||||||||
|
of New York
|
375 | 131 | 127 | 437 | 135 | 128 | 69 | 41 | 1 | 12 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
36,169 | 131 | 10,127 | 7,437 | 4,095 | 46,172 | 69 | 41 | 1 | 12 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 4,376,528 | $ | 1,462,790 | $ | 1,446,409 | $ | 4,623,016 | $ | 1,394,233 | $ | 1,450,674 | $ | 800,888 | $ | 444,616 | $ | 13,912 | $ | 140,804 | ||||||||||||||||||||
|
(a) Investment shares
|
415,625 | 139,446 | 140,976 | 447,100 | 134,839 | 139,220 | 76,348 | 41,631 | 1,376 | 13,309 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 4,210,845 | $ | 1,424,390 | $ | 1,403,507 | $ | 4,495,522 | $ | 1,384,837 | $ | 1,417,788 | $ | 772,526 | $ | 429,271 | $ | 13,037 | $ | 140,868 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Statements of Assets and Liabilities
|
||||||||||||||||||||
|
Curian/FAMCO
|
Curian/Franklin
|
Curian/Franklin
|
Curian/
|
Curian/Nicholas
|
Curian/
|
Curian/
|
Curian/The
|
Curian/The Boston
|
Curian/
|
|||||||||||||||||||||||||||||||
|
Flex Core
|
Templeton Frontier
|
Templeton Natural
|
Neuberger Berman
|
Convertible
|
PIMCO
|
Pinebridge Merger
|
Boston Company
|
Company Multi-
|
Van Eck
|
|||||||||||||||||||||||||||||||
|
Covered Call
|
Markets
|
Resources
|
Currency
|
Arbitrage
|
Credit Income
|
Arbitrage
|
Equity Income
|
Alpha Market Neutral
|
International Gold
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Equity Portfolio
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 1,103,849 | $ | 508 | $ | 473,709 | $ | 184,233 | $ | 1,101,196 | $ | 639,570 | $ | 2,265,542 | $ | 257,739 | $ | 821,892 | $ | 182,419 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
98 | - | 40 | 16 | 99 | 55 | 204 | 22 | 74 | 16 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
9,239 | - | 7,249 | 9,711 | 14,248 | 40,000 | 17,248 | 5,043 | 4,507 | 7,747 | ||||||||||||||||||||||||||||||
|
Total assets
|
1,113,186 | 508 | 480,998 | 193,960 | 1,115,543 | 679,625 | 2,282,994 | 262,804 | 826,473 | 190,182 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
9,239 | - | 7,249 | 9,711 | 14,248 | 40,000 | 17,248 | 5,043 | 4,507 | 7,747 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
|
||||||||||||||||||||||||||||||||||||||||
|
of New York
|
98 | - | 40 | 16 | 99 | 55 | 204 | 22 | 74 | 16 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
9,337 | - | 7,289 | 9,727 | 14,347 | 40,055 | 17,452 | 5,065 | 4,581 | 7,763 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 1,103,849 | $ | 508 | $ | 473,709 | $ | 184,233 | $ | 1,101,196 | $ | 639,570 | $ | 2,265,542 | $ | 257,739 | $ | 821,892 | $ | 182,419 | ||||||||||||||||||||
|
(a) Investment shares
|
108,220 | 49 | 53,831 | 18,241 | 107,329 | 60,680 | 224,756 | 24,088 | 80,815 | 20,224 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 1,110,907 | $ | 500 | $ | 471,342 | $ | 183,892 | $ | 1,091,448 | $ | 632,359 | $ | 2,253,928 | $ | 250,226 | $ | 827,767 | $ | 194,652 | ||||||||||||||||||||
|
JNL Disciplined
Growth Portfolio |
JNL Disciplined
Moderate Portfolio |
JNL Disciplined
Moderate Growth Portfolio |
JNL Institutional
Alt 20 Portfolio |
JNL Institutional
Alt 35 Portfolio |
JNL Institutional
Alt 50 Portfolio |
JNL Institutional
Alt 65 Portfolio |
JNL/American
Funds Balanced Allocation Portfolio |
JNL/American
Funds Blue Chip Income and Growth Portfolio |
JNL/American
Funds Global Bond Portfolio |
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 17,076,038 | $ | 49,738,492 | $ | 51,478,741 | $ | 57,284,828 | $ | 65,669,046 | $ | 94,135,826 | $ | 42,385,896 | $ | 5,737,072 | $ | 40,132,456 | $ | 20,920,859 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
4,153 | 10,803 | 89,657 | 13,017 | 13,822 | 24,393 | 7,570 | 1,146 | 14,217 | 4,913 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
250 | 9,279 | 1,566 | 116,767 | 22,369 | 103,946 | 1,736 | 63,662 | 126,003 | 167,142 | ||||||||||||||||||||||||||||||
|
Total assets
|
17,080,441 | 49,758,574 | 51,569,964 | 57,414,612 | 65,705,237 | 94,264,165 | 42,395,202 | 5,801,880 | 40,272,676 | 21,092,914 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
250 | 9,279 | 1,566 | 116,767 | 22,369 | 103,946 | 1,736 | 63,662 | 126,003 | 167,142 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
1,941 | 4,380 | 83,200 | 5,769 | 5,256 | 12,273 | 2,314 | 396 | 9,122 | 2,207 | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
of New York |
2,212 | 6,423 | 6,457 | 7,248 | 8,566 | 12,120 | 5,256 | 750 | 5,095 | 2,706 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
4,403 | 20,082 | 91,223 | 129,784 | 36,191 | 128,339 | 9,306 | 64,808 | 140,220 | 172,055 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 17,076,038 | $ | 49,738,492 | $ | 51,478,741 | $ | 57,284,828 | $ | 65,669,046 | $ | 94,135,826 | $ | 42,385,896 | $ | 5,737,072 | $ | 40,132,456 | $ | 20,920,859 | ||||||||||||||||||||
|
(a) Investment shares
|
1,895,232 | 4,683,474 | 5,274,461 | 3,865,373 | 4,294,902 | 6,045,975 | 2,764,899 | 550,583 | 3,498,906 | 1,876,310 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 15,523,622 | $ | 45,846,356 | $ | 47,688,262 | $ | 54,335,709 | $ | 63,507,788 | $ | 91,139,929 | $ | 42,981,159 | $ | 5,538,255 | $ | 36,926,158 | $ | 20,507,623 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
JNL/American
Funds Global Small Capitalization Portfolio |
JNL/American
Funds Growth Allocation Portfolio |
JNL/American
Funds Growth-Income Portfolio |
JNL/American
Funds International Portfolio |
JNL/American
Funds New World Portfolio |
JNL/AQR
Managed Futures Strategy Portfolio |
JNL/BlackRock
Commodity Securities Portfolio |
JNL/BlackRock
Global Allocation Portfolio |
JNL/Brookfield
Global Infrastructure Portfolio |
JNL/Capital
Guardian Global Balanced Portfolio |
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 13,337,403 | $ | 4,260,308 | $ | 48,187,652 | $ | 19,106,585 | $ | 21,332,231 | $ | 1,647,411 | $ | 43,539,664 | $ | 66,293,202 | $ | 4,763,215 | $ | 20,484,618 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
4,416 | 865 | 14,982 | 21,062 | 29,365 | 143 | 31,383 | 13,308 | 994 | 28,183 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
41,217 | - | 18,367 | 18,057 | 77,310 | 15,413 | 62,245 | 121,701 | 20,585 | 3,589 | ||||||||||||||||||||||||||||||
|
Total assets
|
13,383,036 | 4,261,173 | 48,221,001 | 19,145,704 | 21,438,906 | 1,662,967 | 43,633,292 | 66,428,211 | 4,784,794 | 20,516,390 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
41,217 | - | 18,367 | 18,057 | 77,310 | 15,413 | 62,245 | 121,701 | 20,585 | 3,589 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
2,716 | 274 | 8,956 | 18,594 | 26,587 | - | 25,730 | 4,850 | 434 | 25,492 | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
|
||||||||||||||||||||||||||||||||||||||||
|
of New York
|
1,700 | 591 | 6,026 | 2,468 | 2,778 | 143 | 5,653 | 8,458 | 560 | 2,691 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
45,633 | 865 | 33,349 | 39,119 | 106,675 | 15,556 | 93,628 | 135,009 | 21,579 | 31,772 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 13,337,403 | $ | 4,260,308 | $ | 48,187,652 | $ | 19,106,585 | $ | 21,332,231 | $ | 1,647,411 | $ | 43,539,664 | $ | 66,293,202 | $ | 4,763,215 | $ | 20,484,618 | ||||||||||||||||||||
|
(a) Investment shares
|
1,282,443 | 408,075 | 4,083,699 | 1,783,995 | 1,899,575 | 164,906 | 4,256,077 | 6,104,346 | 387,568 | 2,060,827 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 13,018,852 | $ | 4,105,899 | $ | 43,287,247 | $ | 18,166,929 | $ | 20,048,326 | $ | 1,577,560 | $ | 43,044,909 | $ | 63,503,830 | $ | 4,477,804 | $ | 19,313,017 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
JNL/Capital
Guardian Global Diversified Research Portfolio |
JNL/DFA U.S.
Core Equity Portfolio |
JNL/Eagle
SmallCap Equity Portfolio |
JNL/Eastspring
Investments Asia ex-Japan Portfolio |
JNL/Eastspring
Investments China-India Portfolio |
JNL/Franklin
Templeton Founding Strategy Portfolio |
JNL/Franklin
Templeton Global Growth Portfolio |
JNL/Franklin
Templeton Global Multisector Bond Portfolio |
JNL/Franklin
Templeton Income Portfolio |
JNL/Franklin
Templeton Inter- national Small Cap Growth Portfolio |
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 11,953,005 | $ | 9,007,936 | $ | 46,088,757 | $ | 11,644,501 | $ | 26,374,969 | $ | 71,830,814 | $ | 15,856,082 | $ | 11,176,090 | $ | 85,710,826 | $ | 13,432,458 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
25,304 | 2,757 | 21,132 | 6,873 | 11,418 | 83,478 | 14,194 | 8,091 | 93,312 | 52,280 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
729 | 61,961 | 59,902 | 46,831 | 317,652 | 1,029 | 32,044 | 45,073 | 59,129 | 33,694 | ||||||||||||||||||||||||||||||
|
Total assets
|
11,979,038 | 9,072,654 | 46,169,791 | 11,698,205 | 26,704,039 | 71,915,321 | 15,902,320 | 11,229,254 | 85,863,267 | 13,518,432 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
729 | 61,961 | 59,902 | 46,831 | 317,652 | 1,029 | 32,044 | 45,073 | 59,129 | 33,694 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
23,771 | 1,598 | 15,041 | 5,349 | 7,958 | 74,099 | 12,182 | 6,628 | 82,316 | 50,502 | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
|
||||||||||||||||||||||||||||||||||||||||
|
of New York
|
1,533 | 1,159 | 6,091 | 1,524 | 3,460 | 9,379 | 2,012 | 1,463 | 10,996 | 1,778 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
26,033 | 64,718 | 81,034 | 53,704 | 329,070 | 84,507 | 46,238 | 53,164 | 152,441 | 85,974 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 11,953,005 | $ | 9,007,936 | $ | 46,088,757 | $ | 11,644,501 | $ | 26,374,969 | $ | 71,830,814 | $ | 15,856,082 | $ | 11,176,090 | $ | 85,710,826 | $ | 13,432,458 | ||||||||||||||||||||
|
(a) Investment shares
|
470,406 | 1,105,268 | 2,024,100 | 1,416,606 | 3,573,844 | 7,374,827 | 1,752,053 | 943,927 | 8,032,880 | 1,552,885 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 10,396,648 | $ | 8,270,654 | $ | 42,782,606 | $ | 11,405,929 | $ | 26,073,998 | $ | 65,088,816 | $ | 14,192,291 | $ | 10,443,536 | $ | 81,162,697 | $ | 11,366,213 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
JNL/Franklin
Templeton Mutual Shares Portfolio |
JNL/Franklin
Templeton Small Cap Value Portfolio |
JNL/
Goldman Sachs Core Plus Bond Portfolio |
JNL/Goldman
Sachs Emerging Markets Debt Portfolio |
JNL/
Goldman Sachs Mid Cap Value Portfolio |
JNL/Goldman
Sachs U.S. Equity Flex Portfolio |
JNL/Invesco
Global Real Estate Portfolio |
JNL/Invesco
International Growth Portfolio |
JNL/Invesco
Large Cap Growth Portfolio |
JNL/Invesco
Small Cap Growth Portfolio |
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 28,473,350 | $ | 22,556,820 | $ | 41,803,856 | $ | 17,699,908 | $ | 26,407,147 | $ | 6,830,643 | $ | 36,326,284 | $ | 23,664,147 | $ | 21,018,147 | $ | 15,231,396 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
19,172 | 9,476 | 15,364 | 6,715 | 7,773 | 34,147 | 39,061 | 18,244 | 4,513 | 4,150 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
3,339 | 8,981 | 389,712 | - | 31,279 | 4,788 | 61,956 | 28,653 | 7,956 | 17,410 | ||||||||||||||||||||||||||||||
|
Total assets
|
28,495,861 | 22,575,277 | 42,208,932 | 17,706,623 | 26,446,199 | 6,869,578 | 36,427,301 | 23,711,044 | 21,030,616 | 15,252,956 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
3,339 | 8,981 | 389,712 | - | 31,279 | 4,788 | 61,956 | 28,653 | 7,956 | 17,410 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
15,579 | 6,510 | 9,949 | 4,450 | 4,363 | 33,256 | 34,347 | 15,181 | 1,805 | 2,179 | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
|
||||||||||||||||||||||||||||||||||||||||
|
of New York
|
3,593 | 2,966 | 5,415 | 2,265 | 3,410 | 891 | 4,714 | 3,063 | 2,708 | 1,971 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
22,511 | 18,457 | 405,076 | 6,715 | 39,052 | 38,935 | 101,017 | 46,897 | 12,469 | 21,560 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 28,473,350 | $ | 22,556,820 | $ | 41,803,856 | $ | 17,699,908 | $ | 26,407,147 | $ | 6,830,643 | $ | 36,326,284 | $ | 23,664,147 | $ | 21,018,147 | $ | 15,231,396 | ||||||||||||||||||||
|
(a) Investment shares
|
3,091,569 | 1,800,225 | 3,360,439 | 1,253,535 | 2,387,626 | 784,230 | 3,676,749 | 2,173,016 | 1,640,761 | 1,065,133 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 25,726,778 | $ | 18,799,648 | $ | 41,644,824 | $ | 16,663,933 | $ | 24,124,968 | $ | 6,095,472 | $ | 31,898,078 | $ | 22,090,700 | $ | 20,159,080 | $ | 13,965,190 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Assets and Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/JPMorgan
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/Ivy
|
JNL/JPMorgan
|
JNL/JPMorgan
|
U.S. Government
|
JNL/Lazard
|
JNL/Lazard
|
JNL/M&G
|
JNL/M&G
|
JNL/MCM
|
||||||||||||||||||||||||||||||||
|
Asset Strategy
|
International
|
MidCap Growth
|
& Quality Bond
|
Emerging Markets
|
Mid Cap
|
Global Basics
|
Global Leaders
|
10 x 10 |
JNL/MCM
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Value Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Equity Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
25 Portfolio
|
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 81,632,635 | $ | 21,941,720 | $ | 17,298,627 | $ | 41,936,655 | $ | 45,232,631 | $ | 15,966,519 | $ | 3,676,345 | $ | 2,503,847 | $ | 34,975,056 | $ | 32,851,876 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
79,903 | 33,493 | 3,828 | 9,520 | 58,288 | 25,978 | 660 | 537 | 7,265 | 22,401 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
122,837 | 3,841 | 15,618 | 66,900 | 73 | 6,064 | 449 | 5 | 1,310 | 23,015 | ||||||||||||||||||||||||||||||
|
Total assets
|
81,835,375 | 21,979,054 | 17,318,073 | 42,013,075 | 45,290,992 | 15,998,561 | 3,677,454 | 2,504,389 | 34,983,631 | 32,897,292 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
122,837 | 3,841 | 15,618 | 66,900 | 73 | 6,064 | 449 | 5 | 1,310 | 23,015 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
69,197 | 30,611 | 1,659 | 4,045 | 52,417 | 23,840 | 194 | 202 | 2,844 | 18,024 | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
of New York |
10,706 | 2,882 | 2,169 | 5,475 | 5,871 | 2,138 | 466 | 335 | 4,421 | 4,377 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
202,740 | 37,334 | 19,446 | 76,420 | 58,361 | 32,042 | 1,109 | 542 | 8,575 | 45,416 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 81,632,635 | $ | 21,941,720 | $ | 17,298,627 | $ | 41,936,655 | $ | 45,232,631 | $ | 15,966,519 | $ | 3,676,345 | $ | 2,503,847 | $ | 34,975,056 | $ | 32,851,876 | ||||||||||||||||||||
|
(a) Investment shares
|
6,599,243 | 3,086,037 | 789,892 | 2,976,342 | 3,943,560 | 1,368,168 | 269,132 | 211,831 | 3,929,782 | 2,159,887 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 74,158,849 | $ | 23,888,991 | $ | 14,494,796 | $ | 40,576,810 | $ | 42,550,623 | $ | 15,328,645 | $ | 3,656,552 | $ | 2,406,036 | $ | 31,482,058 | $ | 28,518,114 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Assets and Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/MCM Dow
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
Jones U.S. Contrarian
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
|||||||||||||||||||||||||||||||
|
Bond Index
|
Communications
|
Consumer Brands
|
Dow Dividend
|
Opportunities
|
Emerging Markets
|
European 30
|
Financial
|
Global Alpha
|
Healthcare
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Sector Portfolio
|
Sector Portfolio
|
Portfolio
|
Index Portfolio
|
Index Portfolio
|
Portfolio
|
Sector Portfolio
|
Portfolio
|
Sector Portfolio
|
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 32,939,031 | $ | 10,005,035 | $ | 12,971,577 | $ | 29,351,739 | $ | 432,517 | $ | 8,490,579 | $ | 1,887,352 | $ | 19,350,480 | $ | 2,443,875 | $ | 27,338,903 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
12,646 | 1,768 | 10,843 | 7,815 | 81 | 2,004 | 1,179 | 16,171 | 428 | 10,115 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
132,776 | 3,020 | 9,505 | 3,273 | 5,000 | - | - | 35,467 | 10,354 | 15,035 | ||||||||||||||||||||||||||||||
|
Total assets
|
33,084,453 | 10,009,823 | 12,991,925 | 29,362,827 | 437,598 | 8,492,583 | 1,888,531 | 19,402,118 | 2,454,657 | 27,364,053 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
132,776 | 3,020 | 9,505 | 3,273 | 5,000 | - | - | 35,467 | 10,354 | 15,035 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
8,309 | 498 | 9,145 | 3,941 | 19 | 928 | 935 | 13,586 | 138 | 6,523 | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
of New York |
4,337 | 1,270 | 1,698 | 3,874 | 62 | 1,076 | 244 | 2,585 | 290 | 3,592 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
145,422 | 4,788 | 20,348 | 11,088 | 5,081 | 2,004 | 1,179 | 51,638 | 10,782 | 25,150 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 32,939,031 | $ | 10,005,035 | $ | 12,971,577 | $ | 29,351,739 | $ | 432,517 | $ | 8,490,579 | $ | 1,887,352 | $ | 19,350,480 | $ | 2,443,875 | $ | 27,338,903 | ||||||||||||||||||||
|
(a) Investment shares
|
2,695,502 | 2,605,478 | 1,031,127 | 3,966,451 | 42,321 | 795,743 | 185,763 | 2,493,619 | 239,596 | 1,869,966 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 32,022,312 | $ | 9,724,466 | $ | 11,769,392 | $ | 28,256,227 | $ | 418,951 | $ | 7,975,464 | $ | 1,969,886 | $ | 17,511,849 | $ | 2,497,907 | $ | 23,645,801 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Assets and Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
|||||||||||||||||||||||||||||||
|
Index 5
|
International
|
JNL 5
|
JNL Optimized
|
Nasdaq 25
|
NYSE International
|
Oil & Gas
|
Pacific Rim 30
|
S&P 24
|
S&P 400 MidCap
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Index Portfolio
|
Portfolio
|
5 Portfolio
|
Portfolio
|
25 Portfolio
|
Sector Portfolio
|
Portfolio
|
Portfolio
|
Index Portfolio
|
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 50,449,226 | $ | 36,273,145 | $ | 229,094,158 | $ | 31,818,153 | $ | 14,651,467 | $ | 5,790,870 | $ | 46,920,660 | $ | 4,073,645 | $ | 2,336,780 | $ | 40,766,118 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
15,790 | 51,100 | 145,533 | 7,780 | 6,474 | 3,180 | 25,372 | 914 | 589 | 81,891 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
245,093 | 5,008 | 289,547 | 1,731 | 7,966 | 332 | 57,850 | 26 | - | 6,366 | ||||||||||||||||||||||||||||||
|
Total assets
|
50,710,109 | 36,329,253 | 229,529,238 | 31,827,664 | 14,665,907 | 5,794,382 | 47,003,882 | 4,074,585 | 2,337,369 | 40,854,375 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
245,093 | 5,008 | 289,547 | 1,731 | 7,966 | 332 | 57,850 | 26 | - | 6,366 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
9,097 | 46,237 | 114,567 | 3,441 | 4,541 | 2,368 | 19,153 | 392 | 288 | 76,527 | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
of New York |
6,693 | 4,863 | 30,966 | 4,339 | 1,933 | 812 | 6,219 | 522 | 301 | 5,364 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
260,883 | 56,108 | 435,080 | 9,511 | 14,440 | 3,512 | 83,222 | 940 | 589 | 88,257 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 50,449,226 | $ | 36,273,145 | $ | 229,094,158 | $ | 31,818,153 | $ | 14,651,467 | $ | 5,790,870 | $ | 46,920,660 | $ | 4,073,645 | $ | 2,336,780 | $ | 40,766,118 | ||||||||||||||||||||
|
(a) Investment shares
|
4,965,475 | 2,968,342 | 24,294,184 | 3,648,871 | 1,058,632 | 989,892 | 1,663,263 | 318,752 | 215,371 | 2,819,234 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 43,441,842 | $ | 37,106,700 | $ | 242,805,783 | $ | 31,476,550 | $ | 13,356,675 | $ | 6,756,058 | $ | 45,414,426 | $ | 3,878,786 | $ | 2,162,079 | $ | 37,208,734 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Assets and Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/Morgan
|
JNL/Neuberger
|
JNL/
|
||||||||||||||||||||||||||||||||||||||
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
Stanley Mid
|
Berman
|
Oppenheimer
|
||||||||||||||||||||||||||||||||
|
S&P 500
|
S&P SMid
|
Select Small-Cap
|
Small Cap
|
Technology
|
Value Line 30
|
JNL/MCM
|
Cap Growth
|
Strategic Income
|
Global Growth
|
|||||||||||||||||||||||||||||||
|
Index Portfolio
|
60 Portfolio
|
Portfolio
|
Index Portfolio
|
Sector Portfolio
|
Portfolio
|
VIP Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 123,527,232 | $ | 6,871,198 | $ | 8,647,025 | $ | 34,921,556 | $ | 32,856,335 | $ | 23,651,955 | $ | 12,771,060 | $ | 702,259 | $ | 3,679,521 | $ | 32,151,640 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
66,152 | 2,371 | 2,250 | 87,996 | 7,665 | 8,539 | 3,457 | 140 | 707 | 95,411 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
365,153 | 2,359 | 1,874 | 2,670 | 24,448 | 22,083 | 732 | - | 1,917 | 4,051 | ||||||||||||||||||||||||||||||
|
Total assets
|
123,958,537 | 6,875,928 | 8,651,149 | 35,012,222 | 32,888,448 | 23,682,577 | 12,775,249 | 702,399 | 3,682,145 | 32,251,102 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
365,153 | 2,359 | 1,874 | 2,670 | 24,448 | 22,083 | 732 | - | 1,917 | 4,051 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
50,156 | 1,447 | 1,142 | 83,292 | 3,272 | 5,351 | 1,701 | 47 | 230 | 91,208 | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
of New York |
15,996 | 924 | 1,108 | 4,704 | 4,393 | 3,188 | 1,756 | 93 | 477 | 4,203 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
431,305 | 4,730 | 4,124 | 90,666 | 32,113 | 30,622 | 4,189 | 140 | 2,624 | 99,462 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 123,527,232 | $ | 6,871,198 | $ | 8,647,025 | $ | 34,921,556 | $ | 32,856,335 | $ | 23,651,955 | $ | 12,771,060 | $ | 702,259 | $ | 3,679,521 | $ | 32,151,640 | ||||||||||||||||||||
|
(a) Investment shares
|
10,450,696 | 658,792 | 671,875 | 2,723,990 | 4,446,053 | 2,142,387 | 1,756,680 | 73,535 | 349,101 | 2,820,319 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 112,370,433 | $ | 6,575,745 | $ | 8,505,138 | $ | 31,437,046 | $ | 33,391,279 | $ | 27,838,986 | $ | 13,721,947 | $ | 680,636 | $ | 3,590,837 | $ | 28,836,872 | ||||||||||||||||||||
|
JNL/PIMCO
Real Return
Portfolio
|
JNL/PIMCO
Total Return
Bond Portfolio
|
JNL/PPM
America Floating
Rate Income
Portfolio
|
JNL/
PPM America
High Yield
Bond Portfolio
|
JNL/
PPM America
Mid Cap Value
Portfolio
|
JNL/
PPM America
Small Cap Value
Portfolio
|
JNL/
PPM America
Value Equity
Portfolio
|
JNL/
Red Rocks Listed
Private Equity
Portfolio
|
JNL/S&P 4
Portfolio
|
JNL/S&P
Competitive
Advantage
Portfolio
|
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 111,530,096 | $ | 259,260,755 | $ | 14,169,753 | $ | 71,645,790 | $ | 5,314,032 | $ | 4,598,282 | $ | 5,002,537 | $ | 12,551,919 | $ | 67,213,715 | $ | 14,020,729 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
36,156 | 668,218 | 3,541 | 28,781 | 2,653 | 2,750 | 5,532 | 7,870 | 14,433 | 3,076 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
183,510 | 752,992 | 91,851 | 198,773 | 2,079 | - | 5,190 | 14,893 | 19,655 | 8,336 | ||||||||||||||||||||||||||||||
|
Total assets
|
111,749,762 | 260,681,965 | 14,265,145 | 71,873,344 | 5,318,764 | 4,601,032 | 5,013,259 | 12,574,682 | 67,247,803 | 14,032,141 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
183,510 | 752,992 | 91,851 | 198,773 | 2,079 | - | 5,190 | 14,893 | 19,655 | 8,336 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
21,639 | 634,354 | 1,693 | 19,393 | 1,974 | 2,185 | 4,907 | 6,257 | 5,754 | 1,270 | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
of New York |
14,517 | 33,864 | 1,848 | 9,388 | 679 | 565 | 625 | 1,613 | 8,679 | 1,806 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
219,666 | 1,421,210 | 95,392 | 227,554 | 4,732 | 2,750 | 10,722 | 22,763 | 34,088 | 11,412 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 111,530,096 | $ | 259,260,755 | $ | 14,169,753 | $ | 71,645,790 | $ | 5,314,032 | $ | 4,598,282 | $ | 5,002,537 | $ | 12,551,919 | $ | 67,213,715 | $ | 14,020,729 | ||||||||||||||||||||
|
(a) Investment shares
|
8,652,451 | 19,851,513 | 1,336,769 | 9,937,003 | 499,439 | 472,103 | 385,998 | 1,345,329 | 5,601,143 | 1,118,080 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 110,974,139 | $ | 254,835,487 | $ | 13,839,405 | $ | 67,827,686 | $ | 5,262,329 | $ | 4,309,748 | $ | 4,650,537 | $ | 12,967,470 | $ | 56,528,024 | $ | 13,328,373 | ||||||||||||||||||||
|
JNL/S&P
Dividend Income
& Growth
Portfolio
|
JNL/S&P
Intrinsic Value
Portfolio
|
JNL/
S&P Managed
Aggressive
Growth Portfolio
|
JNL/
S&P Managed
Conservative
Portfolio
|
JNL/
S&P Managed
Growth Portfolio
|
JNL/
S&P Managed
Moderate
Portfolio
|
JNL/
S&P Managed
Moderate
Growth Portfolio
|
JNL/S&P
Total Yield
Portfolio
|
JNL/T. Rowe
Price Established
Growth Portfolio
|
JNL/T. Rowe
Price Mid-Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 55,100,331 | $ | 13,730,943 | $ | 77,047,755 | $ | 146,423,862 | $ | 221,039,821 | $ | 236,191,700 | $ | 325,921,448 | $ | 5,496,383 | $ | 101,080,085 | $ | 95,964,608 | ||||||||||||||||||||
|
Receivables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities sold
|
18,554 | 3,889 | 67,162 | 47,088 | 73,433 | 170,333 | 140,300 | 2,663 | 66,620 | 79,024 | ||||||||||||||||||||||||||||||
|
Sub-account units sold
|
60,207 | 15,045 | 136,882 | 8,297 | 2,891 | 69,006 | 113,570 | - | 92,472 | 48,949 | ||||||||||||||||||||||||||||||
|
Total assets
|
55,179,092 | 13,749,877 | 77,251,799 | 146,479,247 | 221,116,145 | 236,431,039 | 326,175,318 | 5,499,046 | 101,239,177 | 96,092,581 | ||||||||||||||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||||||||||||||||||
|
Investment securities purchased
|
60,207 | 15,045 | 136,882 | 8,297 | 2,891 | 69,006 | 113,570 | - | 92,472 | 48,949 | ||||||||||||||||||||||||||||||
|
Sub-account units redeemed
|
11,428 | 2,110 | 56,569 | 27,833 | 44,759 | 139,749 | 98,301 | 1,960 | 53,501 | 66,545 | ||||||||||||||||||||||||||||||
|
Insurance fees due to Jackson
of New York |
7,126 | 1,779 | 10,593 | 19,255 | 28,674 | 30,584 | 41,999 | 703 | 13,119 | 12,479 | ||||||||||||||||||||||||||||||
|
Total liabilities
|
78,761 | 18,934 | 204,044 | 55,385 | 76,324 | 239,339 | 253,870 | 2,663 | 159,092 | 127,973 | ||||||||||||||||||||||||||||||
|
Net assets (Note 7)
|
$ | 55,100,331 | $ | 13,730,943 | $ | 77,047,755 | $ | 146,423,862 | $ | 221,039,821 | $ | 236,191,700 | $ | 325,921,448 | $ | 5,496,383 | $ | 101,080,085 | $ | 95,964,608 | ||||||||||||||||||||
|
(a) Investment shares
|
4,837,606 | 1,256,262 | 5,828,121 | 12,721,448 | 18,668,904 | 19,948,623 | 26,627,569 | 530,539 | 4,056,183 | 3,293,226 | ||||||||||||||||||||||||||||||
|
Investments at cost
|
$ | 53,253,578 | $ | 13,544,381 | $ | 70,422,992 | $ | 141,208,332 | $ | 204,114,969 | $ | 225,385,608 | $ | 307,675,526 | $ | 5,072,732 | $ | 86,700,973 | $ | 91,549,489 | ||||||||||||||||||||
|
JNL/T. Rowe
Price Short-Term
Bond Portfolio
|
JNL/T. Rowe
Price Value
Portfolio
|
JNL/UBS
Large Cap
Select Growth
Portfolio
|
JNL/WMC
Balanced
Portfolio
|
JNL/WMC
Money Market
Portfolio
|
JNL/WMC
Value
Portfolio
|
|||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||
|
Investments, at value (a)
|
$ | 31,282,681 | $ | 47,218,037 | $ | 24,074,798 | $ | 98,608,356 | $ | 45,025,672 | $ | 27,687,894 | ||||||||||||
|
Receivables:
|
||||||||||||||||||||||||
|
Investment securities sold
|
55,126 | 38,008 | 32,144 | 57,038 | 25,090 | 33,611 | ||||||||||||||||||
|
Sub-account units sold
|
63,770 | 36,125 | 8,010 | 52,366 | 40,765 | 41,347 | ||||||||||||||||||
|
Total assets
|
31,401,577 | 47,292,170 | 24,114,952 | 98,717,760 | 45,091,527 | 27,762,852 | ||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||
|
Payables:
|
||||||||||||||||||||||||
|
Investment securities purchased
|
63,770 | 36,125 | 8,010 | 52,366 | 40,765 | 41,347 | ||||||||||||||||||
|
Sub-account units redeemed
|
51,076 | 31,889 | 29,018 | 44,687 | 19,320 | 29,956 | ||||||||||||||||||
|
Insurance fees due to Jackson
of New York |
4,050 | 6,119 | 3,126 | 12,351 | 5,770 | 3,655 | ||||||||||||||||||
|
Total liabilities
|
118,896 | 74,133 | 40,154 | 109,404 | 65,855 | 74,958 | ||||||||||||||||||
|
Net assets (Note 7)
|
$ | 31,282,681 | $ | 47,218,037 | $ | 24,074,798 | $ | 98,608,356 | $ | 45,025,672 | $ | 27,687,894 | ||||||||||||
|
(a) Investment shares
|
3,109,610 | 3,826,421 | 1,118,717 | 5,432,967 | 45,025,672 | 1,493,414 | ||||||||||||||||||
|
Investments at cost
|
$ | 31,257,412 | $ | 42,686,364 | $ | 22,408,018 | $ | 88,748,076 | $ | 45,025,672 | $ | 25,130,191 | ||||||||||||
| Curian Dynamic
Risk Advantage-
Aggressive Portfolio(a) |
Curian Dynamic Risk Advantage - Diversified
Portfolio(a) |
Curian Dynamic Risk Advantage - Income Portfolio(a) |
Curian Guidance- Balanced Income Portfolio(a) |
Curian Guidance- Equity 100 Portfolio(b) |
Curian Guidance- Fixed 100 Portfolio(b) |
Curian Guidance- Institutional Alt 100 Portfolio(a) |
Curian Guidance- Institutional Alt 65 Portfolio(a) |
Curian Guidance- Maximize Income Portfolio(a) |
Curian Guidance- Maximum Growth Portfolio(a) |
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | - | $ | - | $ | 25,473 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
3,775 | 7,768 | 7,848 | 5,675 | 163 | 787 | 21,098 | 7,541 | 2,729 | 3,039 | ||||||||||||||||||||||||||||||
|
Total expenses
|
3,775 | 7,768 | 7,848 | 5,675 | 163 | 787 | 21,098 | 7,541 | 2,729 | 3,039 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
(3,775 | ) | (7,768 | ) | 17,625 | (5,675 | ) | (163 | ) | (787 | ) | (21,098 | ) | (7,541 | ) | (2,729 | ) | (3,039 | ) | |||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
- | 23,595 | 6,736 | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Investments
|
(204 | ) | 128 | 245 | 90 | (565 | ) | 1 | 3,126 | 748 | 255 | 486 | ||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(15,674 | ) | (7,729 | ) | 28,237 | 43,760 | 4,882 | 487 | 165,371 | 88,418 | 20,240 | 32,374 | ||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
(15,878 | ) | 15,994 | 35,218 | 43,850 | 4,317 | 488 | 168,497 | 89,166 | 20,495 | 32,860 | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | (19,653 | ) | $ | 8,226 | $ | 52,843 | $ | 38,175 | $ | 4,154 | $ | (299 | ) | $ | 147,399 | $ | 81,625 | $ | 17,766 | $ | 29,821 | ||||||||||||||||||
|
(a) Commencement of operations February 6, 2012.
|
|||||||||||||||||||||||||||||||||||||
| (b) Commencement of operations September 10, 2012. |
| Curian Guidance- Moderate Growth Portfolio(a) |
Curian Guidance - Rising Income Portfolio(a) |
Curian Guidance - Tactical Maximum Growth Portfolio(a) |
Curian Guidance - Tactical Moderate Growth Portfolio(a) |
Curian Tactical Advantage 35 Portfolio(a) |
Curian Tactical Advantage 60 Portfolio(a) |
Curian Tactical Advantage 75 Portfolio(a) |
Curian/ American Funds Growth Portfolio(a) |
Curian/ DFA U.S. Micro Cap Portfolio(b) |
Curian/Epoch Global Shareholder Yield Portfolio(a) |
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | - | $ | - | $ | - | $ | - | $ | 10,102 | $ | 12,168 | $ | 7,345 | $ | - | $ | - | $ | 1,615 | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
14,556 | 4,249 | 5,007 | 16,008 | 3,178 | 4,833 | 3,725 | 1,254 | 14 | 193 | ||||||||||||||||||||||||||||||
|
Total expenses
|
14,556 | 4,249 | 5,007 | 16,008 | 3,178 | 4,833 | 3,725 | 1,254 | 14 | 193 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
(14,556 | ) | (4,249 | ) | (5,007 | ) | (16,008 | ) | 6,924 | 7,335 | 3,620 | (1,254 | ) | (14 | ) | 1,422 | ||||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
- | - | - | - | 1,800 | 2,596 | 2,979 | - | - | - | ||||||||||||||||||||||||||||||
|
Investments
|
4,711 | 155 | 386 | 347 | 1,058 | 450 | (27,629 | ) | 192 | 1 | 1 | |||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
165,683 | 38,400 | 42,902 | 127,494 | 9,396 | 32,886 | 28,362 | 15,345 | 875 | (64 | ) | |||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
170,394 | 38,555 | 43,288 | 127,841 | 12,254 | 35,932 | 3,712 | 15,537 | 876 | (63 | ) | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | 155,838 | $ | 34,306 | $ | 38,281 | $ | 111,833 | $ | 19,178 | $ | 43,267 | $ | 7,332 | $ | 14,283 | $ | 862 | $ | 1,359 | ||||||||||||||||||||
|
(a) Commencement of operations February 6, 2012.
|
|
(b) Commencement of operations September 10, 2012.
|
|
Curian/FAMCO
Flex Core Covered Call Portfolio(a) |
Curian/Franklin
Templeton Frontier Markets Portfolio(b) |
Curian/Franklin
Templeton Natural Resources Portfolio(a) |
Curian/
Neuberger Berman Currency Portfolio(b) |
Curian/Nicholas
Convertible Arbitrage Portfolio(a) |
Curian/
PIMCO Credit Income Portfolio(a) |
Curian/
Pinebridge Merger Arbitrage Portfolio(a) |
Curian/The
Boston Company Equity Income Portfolio(a) |
Curian/The Boston Company Multi- Alpha Market Neutral Equity Portfolio(a) |
Curian/
Van Eck International Gold Portfolio(b) |
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 8,892 | $ | - | $ | 2,167 | $ | - | $ | - | $ | 5,570 | $ | - | $ | 2,450 | $ | - | $ | - | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
2,636 | - | 1,292 | 338 | 3,078 | 2,362 | 6,488 | 637 | 2,239 | 309 | ||||||||||||||||||||||||||||||
|
Total expenses
|
2,636 | - | 1,292 | 338 | 3,078 | 2,362 | 6,488 | 637 | 2,239 | 309 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
6,256 | - | 875 | (338 | ) | (3,078 | ) | 3,208 | (6,488 | ) | 1,813 | (2,239 | ) | (309 | ) | |||||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
- | - | 854 | - | - | 1,003 | - | 718 | - | - | ||||||||||||||||||||||||||||||
|
Investments
|
(126 | ) | - | (339 | ) | 47 | 565 | 1,278 | (144 | ) | 17 | (188 | ) | (2,637 | ) | |||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(7,058 | ) | 8 | 2,367 | 341 | 9,748 | 7,211 | 11,614 | 7,513 | (5,875 | ) | (12,233 | ) | |||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
(7,184 | ) | 8 | 2,882 | 388 | 10,313 | 9,492 | 11,470 | 8,248 | (6,063 | ) | (14,870 | ) | |||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | (928 | ) | $ | 8 | $ | 3,757 | $ | 50 | $ | 7,235 | $ | 12,700 | $ | 4,982 | $ | 10,061 | $ | (8,302 | ) | $ | (15,179 | ) | |||||||||||||||||
|
(a) Commencement of operations February 6, 2012.
|
|
(b) Commencement of operations September 10, 2012.
|
|
JNLNY Separate Account I
|
|
Statements of Operations
|
|
For the Year Ended December 31, 2012
|
|
JNL/American
|
JNL/American
|
|||||||||||||||||||||||||||||||||||||||
|
JNL Disciplined
|
JNL Disciplined
|
JNL Disciplined
|
JNL Institutional
|
JNL Institutional
|
JNL Institutional
|
JNL Institutional
|
Funds Balanced
|
Funds Blue Chip
|
JNL/American
|
|||||||||||||||||||||||||||||||
|
Growth
|
Moderate
|
Moderate
|
Alt 20
|
Alt 35
|
Alt 50
|
Alt 65
|
Allocation
|
Income and
|
Funds Global
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Portfolio
|
Growth Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio(a)
|
Growth Portfolio
|
Bond Portfolio
|
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 176,652 | $ | 648,585 | $ | 619,516 | $ | 778,074 | $ | 952,453 | $ | 1,471,251 | $ | 1,065,050 | $ | - | $ | 332,544 | $ | 371,959 | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
237,876 | 669,640 | 653,661 | 738,598 | 804,666 | 1,190,361 | 676,536 | 27,509 | 507,196 | 299,387 | ||||||||||||||||||||||||||||||
|
Total expenses
|
237,876 | 669,640 | 653,661 | 738,598 | 804,666 | 1,190,361 | 676,536 | 27,509 | 507,196 | 299,387 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
(61,224 | ) | (21,055 | ) | (34,145 | ) | 39,476 | 147,787 | 280,890 | 388,514 | (27,509 | ) | (174,652 | ) | 72,572 | |||||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
447,080 | 1,450,298 | 1,480,559 | 1,193,439 | 1,672,937 | 2,300,516 | 2,396,186 | - | 41,573 | 158,634 | ||||||||||||||||||||||||||||||
|
Investments
|
213,060 | 560,825 | 473,291 | 334,342 | 272,407 | 358,643 | 223,330 | 10,930 | 450,098 | 132,484 | ||||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
1,206,147 | 2,537,717 | 3,034,832 | 2,582,511 | 2,494,072 | 3,367,262 | 905,495 | 198,817 | 2,860,524 | 346,300 | ||||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
1,866,287 | 4,548,840 | 4,988,682 | 4,110,292 | 4,439,416 | 6,026,421 | 3,525,011 | 209,747 | 3,352,195 | 637,418 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | 1,805,063 | $ | 4,527,785 | $ | 4,954,537 | $ | 4,149,768 | $ | 4,587,203 | $ | 6,307,311 | $ | 3,913,525 | $ | 182,238 | $ | 3,177,543 | $ | 709,990 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Operations
|
|
For the Year Ended December 31, 2012
|
|
JNL/American
|
JNL/American
|
JNL/American
|
JNL/American
|
JNL/AQR
|
JNL/BlackRock
|
JNL/Brookfield
|
JNL/Capital
|
|||||||||||||||||||||||||||||||||
|
Funds Global
|
Funds Growth
|
Funds
|
Funds
|
JNL/American
|
Managed Futures
|
Commodity
|
JNL/BlackRock
|
Global
|
Guardian Global
|
|||||||||||||||||||||||||||||||
|
Small Capitalization
|
Allocation
|
Growth-Income
|
International
|
Funds New
|
Strategy
|
Securities
|
Global Allocation
|
Infrastructure
|
Balanced
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Portfolio(a)
|
Portfolio
|
Portfolio
|
World Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 81,180 | $ | - | $ | 321,444 | $ | 184,707 | $ | 184,936 | $ | - | $ | - | $ | - | $ | 1,303 | $ | 402,678 | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
169,934 | 16,911 | 608,670 | 243,861 | 271,935 | 4,588 | 684,912 | 676,514 | 30,991 | 319,881 | ||||||||||||||||||||||||||||||
|
Total expenses
|
169,934 | 16,911 | 608,670 | 243,861 | 271,935 | 4,588 | 684,912 | 676,514 | 30,991 | 319,881 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
(88,754 | ) | (16,911 | ) | (287,226 | ) | (59,154 | ) | (86,999 | ) | (4,588 | ) | (684,912 | ) | (676,514 | ) | (29,688 | ) | 82,797 | |||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
99,933 | - | 38,776 | 32,862 | 74,410 | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Investments
|
(59,592 | ) | 6,380 | 532,513 | (84,243 | ) | (27,696 | ) | 650 | 75,918 | 202,300 | 37,677 | 107,584 | |||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
1,617,547 | 154,409 | 4,950,540 | 2,372,871 | 2,520,253 | 69,851 | 104,638 | 3,236,115 | 284,046 | 1,916,450 | ||||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
1,657,888 | 160,789 | 5,521,829 | 2,321,490 | 2,566,967 | 70,501 | 180,556 | 3,438,415 | 321,723 | 2,024,034 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | 1,569,134 | $ | 143,878 | $ | 5,234,603 | $ | 2,262,336 | $ | 2,479,968 | $ | 65,913 | $ | (504,356 | ) | $ | 2,761,901 | $ | 292,035 | $ | 2,106,831 | |||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Operations
|
|
For the Year Ended December 31, 2012
|
|
JNL/Capital
|
JNL/Eastspring
|
JNL/Eastspring
|
JNL/Franklin
|
JNL/Franklin
|
JNL/Franklin
|
|||||||||||||||||||||||||||||||||||
|
Guardian Global
|
JNL/DFA U.S.
|
JNL/Eagle
|
Investments
|
Investments
|
JNL/Franklin
|
Templeton
|
Templeton Global
|
JNL/Franklin
|
Templeton Inter-
|
|||||||||||||||||||||||||||||||
|
Diversified
|
Core Equity
|
SmallCap Equity
|
Asia ex-Japan
|
China-India
|
Templeton Founding
|
Global Growth
|
Multisector Bond
|
Templeton
|
national Small Cap
|
|||||||||||||||||||||||||||||||
|
Research Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Strategy Portfolio
|
Portfolio
|
Portfolio
|
Income Portfolio
|
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 137,172 | $ | 74,724 | $ | - | $ | 67,764 | $ | 175,805 | $ | 1,476,745 | $ | 215,372 | $ | 18,002 | $ | 3,654,826 | $ | 172,628 | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
182,319 | 132,946 | 664,702 | 158,944 | 364,699 | 1,074,334 | 216,532 | 84,039 | 1,232,762 | 170,364 | ||||||||||||||||||||||||||||||
|
Total expenses
|
182,319 | 132,946 | 664,702 | 158,944 | 364,699 | 1,074,334 | 216,532 | 84,039 | 1,232,762 | 170,364 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
(45,147 | ) | (58,222 | ) | (664,702 | ) | (91,180 | ) | (188,894 | ) | 402,411 | (1,160 | ) | (66,037 | ) | 2,422,064 | 2,264 | |||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
- | - | 344,130 | 458,446 | - | - | - | 333 | - | - | ||||||||||||||||||||||||||||||
|
Investments
|
198,544 | 145,307 | 327,419 | (57,355 | ) | (792,629 | ) | 663,746 | 123,838 | 59,185 | 961,393 | 101,042 | ||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
1,419,746 | 821,579 | 4,339,371 | 1,493,871 | 5,518,026 | 7,724,363 | 2,418,508 | 732,554 | 4,216,780 | 2,378,559 | ||||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
1,618,290 | 966,886 | 5,010,920 | 1,894,962 | 4,725,397 | 8,388,109 | 2,542,346 | 792,072 | 5,178,173 | 2,479,601 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | 1,573,143 | $ | 908,664 | $ | 4,346,218 | $ | 1,803,782 | $ | 4,536,503 | $ | 8,790,520 | $ | 2,541,186 | $ | 726,035 | $ | 7,600,237 | $ | 2,481,865 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Operations
|
|
For the Year Ended December 31, 2012
|
|
JNL/Franklin
|
JNL/
|
JNL/Goldman
|
JNL/
|
JNL/Goldman
|
||||||||||||||||||||||||||||||||||||
|
JNL/Franklin
|
Templeton
|
Goldman Sachs
|
Sachs Emerging
|
Goldman Sachs
|
Sachs U.S.
|
JNL/Invesco
|
JNL/Invesco
|
JNL/Invesco
|
JNL/Invesco
|
|||||||||||||||||||||||||||||||
|
Templeton Mutual
|
Small Cap
|
Core Plus
|
Markets Debt
|
Mid Cap
|
Equity Flex
|
Global Real Estate
|
International
|
Large Cap
|
Small Cap
|
|||||||||||||||||||||||||||||||
|
Shares Portfolio
|
Value Portfolio
|
Bond Portfolio
|
Portfolio
|
Value Portfolio
|
Portfolio
|
Portfolio
|
Growth Portfolio
|
Growth Portfolio
|
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 398,864 | $ | 49,568 | $ | 888,707 | $ | - | $ | 263,751 | $ | 24,760 | $ | 221,831 | $ | 369,383 | $ | - | $ | - | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
398,574 | 301,517 | 577,043 | 271,547 | 354,835 | 100,007 | 453,989 | 340,279 | 299,508 | 231,785 | ||||||||||||||||||||||||||||||
|
Total expenses
|
398,574 | 301,517 | 577,043 | 271,547 | 354,835 | 100,007 | 453,989 | 340,279 | 299,508 | 231,785 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
290 | (251,949 | ) | 311,664 | (271,547 | ) | (91,084 | ) | (75,247 | ) | (232,158 | ) | 29,104 | (299,508 | ) | (231,785 | ) | |||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
- | 25,486 | 1,383,654 | 386,220 | 255,160 | - | - | - | 599,571 | 471,659 | ||||||||||||||||||||||||||||||
|
Investments
|
343,464 | 420,677 | 300,329 | (24,191 | ) | 52,256 | 119,160 | 857,034 | 91,804 | 298,826 | 633,949 | |||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
2,487,460 | 2,641,641 | 68,687 | 2,790,665 | 3,075,322 | 953,169 | 5,783,573 | 2,702,162 | 1,185,108 | 1,018,552 | ||||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
2,830,924 | 3,087,804 | 1,752,670 | 3,152,694 | 3,382,738 | 1,072,329 | 6,640,607 | 2,793,966 | 2,083,505 | 2,124,160 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | 2,831,214 | $ | 2,835,855 | $ | 2,064,334 | $ | 2,881,147 | $ | 3,291,654 | $ | 997,082 | $ | 6,408,449 | $ | 2,823,070 | $ | 1,783,997 | $ | 1,892,375 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Operations
|
|
For the Year Ended December 31, 2012
|
|
JNL/JPMorgan
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/Ivy
|
JNL/JPMorgan
|
JNL/JPMorgan
|
U.S. Government
|
JNL/Lazard
|
JNL/Lazard
|
JNL/M&G
|
JNL/M&G
|
JNL/MCM
|
||||||||||||||||||||||||||||||||
|
Asset Strategy
|
International
|
MidCap Growth
|
& Quality Bond
|
Emerging Markets
|
Mid Cap
|
Global Basics
|
Global Leaders
|
10 x 10 |
JNL/MCM
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Value Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Equity Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
25 Portfolio
|
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 76,890 | $ | 933,631 | $ | - | $ | 926,060 | $ | 882,117 | $ | 41,192 | $ | 39,672 | $ | 25,204 | $ | 785,950 | $ | 660,853 | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
1,089,780 | 312,480 | 317,241 | 651,683 | 697,417 | 250,995 | 51,984 | 36,417 | 513,626 | 462,262 | ||||||||||||||||||||||||||||||
|
Total expenses
|
1,089,780 | 312,480 | 317,241 | 651,683 | 697,417 | 250,995 | 51,984 | 36,417 | 513,626 | 462,262 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
(1,012,890 | ) | 621,151 | (317,241 | ) | 274,377 | 184,700 | (209,803 | ) | (12,312 | ) | (11,213 | ) | 272,324 | 198,591 | |||||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
- | - | - | - | 1,064,825 | - | 95,283 | 4,400 | 315,712 | 152,998 | ||||||||||||||||||||||||||||||
|
Investments
|
461,763 | (695,597 | ) | 2,017,300 | 879,639 | 135,008 | 115,399 | (10,151 | ) | 6,493 | 292,730 | 1,024,170 | ||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
9,932,722 | 2,914,609 | 948,263 | (365,976 | ) | 6,667,333 | 956,931 | 102,653 | 280,431 | 3,517,826 | 2,657,089 | |||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
10,394,485 | 2,219,012 | 2,965,563 | 513,663 | 7,867,166 | 1,072,330 | 187,785 | 291,324 | 4,126,268 | 3,834,257 | ||||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | 9,381,595 | $ | 2,840,163 | $ | 2,648,322 | $ | 788,040 | $ | 8,051,866 | $ | 862,527 | $ | 175,473 | $ | 280,111 | $ | 4,398,592 | $ | 4,032,848 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Operations
|
|
For the Year Ended December 31, 2012
|
|
JNL/MCM Dow
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
Jones U.S. Contrarian
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
|||||||||||||||||||||||||||||||
|
Bond Index
|
Communications
|
Consumer Brands
|
Dow Dividend
|
Opportunities
|
Emerging Markets
|
European 30
|
Financial
|
Global Alpha
|
Healthcare
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Sector Portfolio
|
Sector Portfolio
|
Portfolio
|
Index Portfolio(a)
|
Index Portfolio
|
Portfolio
|
Sector Portfolio
|
Portfolio
|
Sector Portfolio
|
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 713,137 | $ | 209,661 | $ | 50,367 | $ | 811,939 | $ | - | $ | 2,850 | $ | 62,449 | $ | 171,972 | $ | - | $ | 202,554 | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
494,606 | 97,078 | 139,799 | 435,695 | 1,527 | 107,218 | 27,624 | 267,942 | 33,881 | 374,100 | ||||||||||||||||||||||||||||||
|
Total expenses
|
494,606 | 97,078 | 139,799 | 435,695 | 1,527 | 107,218 | 27,624 | 267,942 | 33,881 | 374,100 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
218,531 | 112,583 | (89,432 | ) | 376,244 | (1,527 | ) | (104,368 | ) | 34,825 | (95,970 | ) | (33,881 | ) | (171,546 | ) | ||||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
139,201 | - | 379,442 | - | - | - | 27,611 | - | 39,663 | 123,878 | ||||||||||||||||||||||||||||||
|
Investments
|
371,966 | 51,950 | 320,764 | 90,234 | 4,758 | (29,190 | ) | (26,570 | ) | 223,553 | 5,711 | 764,152 | ||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(166,497 | ) | 453,434 | 880,309 | 1,896,014 | 13,566 | 515,520 | 101,443 | 2,779,326 | (90,843 | ) | 2,626,202 | ||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
344,670 | 505,384 | 1,580,515 | 1,986,248 | 18,324 | 486,330 | 102,484 | 3,002,879 | (45,469 | ) | 3,514,232 | |||||||||||||||||||||||||||||
| Net increase (decrease) in assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | 563,201 | $ | 617,967 | $ | 1,491,083 | $ | 2,362,492 | $ | 16,797 | $ | 381,962 | $ | 137,309 | $ | 2,906,909 | $ | (79,350 | ) | $ | 3,342,686 | |||||||||||||||||||
|
(a) Commencement of operations April 30, 2012.
|
||||||||||||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Operations
|
|
For the Year Ended December 31, 2012
|
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
|||||||||||||||||||||||||||||||
|
Index 5
|
International
|
JNL 5
|
JNL Optimized
|
Nasdaq 25
|
NYSE International
|
Oil & Gas
|
Pacific Rim 30
|
S&P 24
|
S&P 400 MidCap
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Index Portfolio
|
Portfolio
|
5 Portfolio
|
Portfolio
|
25 Portfolio
|
Sector Portfolio
|
Portfolio
|
Portfolio
|
Index Portfolio
|
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 713,676 | $ | 907,949 | $ | 6,662,641 | $ | 900,051 | $ | 28,645 | $ | 213,096 | $ | 504,887 | $ | 70,280 | $ | 10,880 | $ | 394,371 | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
780,654 | 556,678 | 3,846,577 | 534,765 | 175,690 | 95,244 | 729,233 | 57,751 | 36,501 | 637,517 | ||||||||||||||||||||||||||||||
|
Total expenses
|
780,654 | 556,678 | 3,846,577 | 534,765 | 175,690 | 95,244 | 729,233 | 57,751 | 36,501 | 637,517 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
(66,978 | ) | 351,271 | 2,816,064 | 365,286 | (147,045 | ) | 117,852 | (224,346 | ) | 12,529 | (25,621 | ) | (243,146 | ) | |||||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
1,378,999 | - | - | - | 96,189 | - | 163,613 | 87,976 | 182,671 | 1,092,496 | ||||||||||||||||||||||||||||||
|
Investments
|
907,317 | (1,019,153 | ) | (6,523,630 | ) | (124,266 | ) | 410,014 | (456,091 | ) | 453,917 | 26,669 | 115,471 | 972,065 | ||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
3,141,736 | 5,706,522 | 38,036,245 | 3,465,234 | 966,832 | 882,647 | 727,065 | 237,385 | (60,193 | ) | 3,653,096 | |||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
5,428,052 | 4,687,369 | 31,512,615 | 3,340,968 | 1,473,035 | 426,556 | 1,344,595 | 352,030 | 237,949 | 5,717,657 | ||||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | 5,361,074 | $ | 5,038,640 | $ | 34,328,679 | $ | 3,706,254 | $ | 1,325,990 | $ | 544,408 | $ | 1,120,249 | $ | 364,559 | $ | 212,328 | $ | 5,474,511 | ||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Operations
|
|
For the Year Ended December 31, 2012
|
|
JNL/Morgan
|
JNL/Neuberger
|
JNL/
|
||||||||||||||||||||||||||||||||||||||
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
Stanley Mid
|
Berman
|
Oppenheimer
|
||||||||||||||||||||||||||||||||
|
S&P 500
|
S&P SMid
|
Select Small-Cap
|
Small Cap
|
Technology
|
Value Line 30
|
JNL/MCM
|
Cap Growth
|
Strategic Income
|
Global Growth
|
|||||||||||||||||||||||||||||||
|
Index Portfolio
|
60 Portfolio
|
Portfolio
|
Index Portfolio
|
Sector Portfolio
|
Portfolio
|
VIP Portfolio
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 1,802,636 | $ | 53,014 | $ | 13,102 | $ | 545,650 | $ | 90,365 | $ | 15,737 | $ | 263,376 | $ | 2,688 | $ | - | $ | 304,755 | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
1,736,746 | 129,667 | 130,697 | 546,305 | 533,952 | 421,521 | 210,528 | 3,616 | 17,108 | 459,988 | ||||||||||||||||||||||||||||||
|
Total expenses
|
1,736,746 | 129,667 | 130,697 | 546,305 | 533,952 | 421,521 | 210,528 | 3,616 | 17,108 | 459,988 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
65,890 | (76,653 | ) | (117,595 | ) | (655 | ) | (443,587 | ) | (405,784 | ) | 52,848 | (928 | ) | (17,108 | ) | (155,233 | ) | ||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
960,875 | 460,832 | - | 956,874 | 1,726,856 | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Investments
|
3,349,202 | 397,543 | (46,012 | ) | 807,663 | 1,215,605 | (2,740,895 | ) | (299,860 | ) | (668 | ) | 1,731 | 163,825 | ||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
8,409,990 | 161,270 | 1,253,449 | 2,445,233 | (1,690,618 | ) | 5,286,994 | 1,478,700 | 21,623 | 88,684 | 4,926,547 | |||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
12,720,067 | 1,019,645 | 1,207,437 | 4,209,770 | 1,251,843 | 2,546,099 | 1,178,840 | 20,955 | 90,415 | 5,090,372 | ||||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
$ | 12,785,957 | $ | 942,992 | $ | 1,089,842 | $ | 4,209,115 | $ | 808,256 | $ | 2,140,315 | $ | 1,231,688 | $ | 20,027 | $ | 73,307 | $ | 4,935,139 | ||||||||||||||||||||
|
(a) Commencement of operations April 30, 2012.
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/PIMCO
Real Return
Portfolio
|
JNL/PIMCO
Total Return
Bond Portfolio
|
JNL/PPM
America Floating
Rate Income
Portfolio
|
JNL/
PPM America
High Yield
Bond Portfolio
|
JNL/
PPM America
Mid Cap Value
Portfolio
|
JNL/
PPM America
Small Cap Value
Portfolio
|
JNL/
PPM America
Value Equity
Portfolio
|
JNL/
Red Rocks Listed
Private Equity
Portfolio
|
JNL/S&P 4
Portfolio
|
JNL/S&P
Competitive
Advantage
Portfolio
|
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 1,972,493 | $ | 4,779,775 | $ | 310,252 | $ | 3,655,291 | $ | 21,306 | $ | 42,438 | $ | 69,149 | $ | - | $ | 1,178,870 | $ | 71,276 | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
1,523,355 | 3,629,273 | 150,793 | 991,322 | 92,754 | 59,537 | 76,818 | 175,964 | 999,528 | 161,967 | ||||||||||||||||||||||||||||||
|
Total expenses
|
1,523,355 | 3,629,273 | 150,793 | 991,322 | 92,754 | 59,537 | 76,818 | 175,964 | 999,528 | 161,967 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
449,138 | 1,150,502 | 159,459 | 2,663,969 | (71,448 | ) | (17,099 | ) | (7,669 | ) | (175,964 | ) | 179,342 | (90,691 | ) | |||||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
6,178,528 | 4,973,024 | - | - | 312,631 | 106,228 | - | 144,483 | 2,489,962 | 175,319 | ||||||||||||||||||||||||||||||
|
Investments
|
1,591,266 | 2,387,316 | 72,186 | 1,227,458 | 50,452 | (4,956 | ) | 65,988 | (336,736 | ) | 2,370,155 | 443,132 | ||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
(depreciation) on investments |
(2,385,725 | ) | 4,771,291 | 292,882 | 4,456,995 | 98,449 | 528,451 | 538,731 | 3,047,111 | 3,044,553 | 555,984 | |||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
5,384,069 | 12,131,631 | 365,068 | 5,684,453 | 461,532 | 629,723 | 604,719 | 2,854,858 | 7,904,670 | 1,174,435 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
from operations |
$ | 5,833,207 | $ | 13,282,133 | $ | 524,527 | $ | 8,348,422 | $ | 390,084 | $ | 612,624 | $ | 597,050 | $ | 2,678,894 | $ | 8,084,012 | $ | 1,083,744 | ||||||||||||||||||||
|
JNL/S&P
Dividend Income
& Growth
Portfolio
|
JNL/S&P
Intrinsic Value
Portfolio
|
JNL/
S&P Managed
Aggressive
Growth Portfolio
|
JNL/
S&P Managed
Conservative
Portfolio
|
JNL/
S&P Managed
Growth Portfolio
|
JNL/
S&P Managed
Moderate
Portfolio
|
JNL/
S&P Managed
Moderate
Growth Portfolio
|
JNL/S&P
Total Yield
Portfolio
|
JNL/T. Rowe
Price Established
Growth Portfolio
|
JNL/T. Rowe
Price Mid-Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||||||||||||||||||
|
Dividends
|
$ | 798,691 | $ | 129,553 | $ | 651,583 | $ | 3,197,209 | $ | 2,504,092 | $ | 3,937,428 | $ | 4,448,750 | $ | 44,628 | $ | - | $ | 185,399 | ||||||||||||||||||||
|
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
709,406 | 262,692 | 1,219,566 | 2,046,796 | 3,304,588 | 3,385,280 | 4,708,624 | 66,086 | 1,369,389 | 1,379,989 | ||||||||||||||||||||||||||||||
|
Total expenses
|
709,406 | 262,692 | 1,219,566 | 2,046,796 | 3,304,588 | 3,385,280 | 4,708,624 | 66,086 | 1,369,389 | 1,379,989 | ||||||||||||||||||||||||||||||
|
Net investment gain (loss)
|
89,285 | (133,139 | ) | (567,983 | ) | 1,150,413 | (800,496 | ) | 552,148 | (259,874 | ) | (21,458 | ) | (1,369,389 | ) | (1,194,590 | ) | |||||||||||||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||||||||||||||||||
|
Distributions from investment companies
|
2,253,070 | 312,755 | - | 1,862,542 | 6,415,844 | 6,748,601 | 10,182,680 | 51,073 | - | 4,146,958 | ||||||||||||||||||||||||||||||
|
Investments
|
2,040,316 | (118,897 | ) | 1,587,330 | 898,949 | 2,958,310 | 2,544,808 | 3,114,085 | 29,363 | 2,888,230 | 1,512,892 | |||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
(depreciation) on investments |
(184,294 | ) | 1,671,075 | 7,895,559 | 4,416,025 | 17,038,150 | 8,045,593 | 19,516,744 | 649,348 | 10,309,235 | 4,701,229 | |||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)
|
4,109,092 | 1,864,933 | 9,482,889 | 7,177,516 | 26,412,304 | 17,339,002 | 32,813,509 | 729,784 | 13,197,465 | 10,361,079 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
from operations |
$ | 4,198,377 | $ | 1,731,794 | $ | 8,914,906 | $ | 8,327,929 | $ | 25,611,808 | $ | 17,891,150 | $ | 32,553,635 | $ | 708,326 | $ | 11,828,076 | $ | 9,166,489 | ||||||||||||||||||||
|
JNL/T. Rowe
Price Short-Term
Bond Portfolio
|
JNL/T. Rowe
Price Value
Portfolio
|
JNL/UBS
Large Cap
Select Growth
Portfolio
|
JNL/WMC
Balanced
Portfolio
|
JNL/WMC
Money Market
Portfolio
|
JNL/WMC
Value
Portfolio
|
|||||||||||||||||||
|
Investment income
|
||||||||||||||||||||||||
|
Dividends
|
$ | 271,262 | $ | 565,682 | $ | 36,144 | $ | 1,177,853 | $ | 359 | $ | 594,768 | ||||||||||||
|
Expenses
|
||||||||||||||||||||||||
|
Insurance charges (Note 3)
|
406,283 | 641,970 | 382,385 | 1,392,097 | 696,044 | 418,437 | ||||||||||||||||||
|
Total expenses
|
406,283 | 641,970 | 382,385 | 1,392,097 | 696,044 | 418,437 | ||||||||||||||||||
|
Net investment gain (loss)
|
(135,021 | ) | (76,288 | ) | (346,241 | ) | (214,244 | ) | (695,685 | ) | 176,331 | |||||||||||||
|
Realized and unrealized gain (loss)
|
||||||||||||||||||||||||
|
Net realized gain (loss) on:
|
||||||||||||||||||||||||
|
Distributions from investment companies
|
- | - | 2,002,491 | 719,433 | 135 | 891,948 | ||||||||||||||||||
|
Investments
|
135,700 | 619,932 | 523,124 | 1,392,582 | - | 592,716 | ||||||||||||||||||
|
Net change in unrealized appreciation
(depreciation) on investments |
154,565 | 5,684,098 | (269,135 | ) | 5,122,678 | - | 1,717,038 | |||||||||||||||||
|
Net realized and unrealized gain (loss)
|
290,265 | 6,304,030 | 2,256,480 | 7,234,693 | 135 | 3,201,702 | ||||||||||||||||||
|
Net increase (decrease) in net assets
from operations |
$ | 155,244 | $ | 6,227,742 | $ | 1,910,239 | $ | 7,020,449 | $ | (695,550 | ) | $ | 3,378,033 | |||||||||||
|
JNLNY Separate Account I
|
|
Statements of Changes in Net Assets
|
|
For the Year Ended December 31, 2012
|
|
Curian Dynamic
|
Curian Dynamic
|
Curian Dynamic
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
|||||||||||||||||||||||||||||||
|
Risk Advantage -
|
Risk Advantage -
|
Risk Advantage -
|
Balanced
|
Equity
|
Fixed
|
Institutional
|
Institutional
|
Maximize
|
Maximum
|
|||||||||||||||||||||||||||||||
|
Aggressive
|
Diversified
|
Income
|
Income
|
100 | 100 |
Alt 100
|
Alt 65
|
Income
|
Growth
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(b)
|
Portfolio(b)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (3,775 | ) | $ | (7,768 | ) | $ | 17,625 | $ | (5,675 | ) | $ | (163 | ) | $ | (787 | ) | $ | (21,098 | ) | $ | (7,541 | ) | $ | (2,729 | ) | $ | (3,039 | ) | |||||||||||
|
Net realized gain (loss) on investments
|
(204 | ) | 23,723 | 6,981 | 90 | (565 | ) | 1 | 3,126 | 748 | 255 | 486 | ||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(15,674 | ) | (7,729 | ) | 28,237 | 43,760 | 4,882 | 487 | 165,371 | 88,418 | 20,240 | 32,374 | ||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(19,653 | ) | 8,226 | 52,843 | 38,175 | 4,154 | (299 | ) | 147,399 | 81,625 | 17,766 | 29,821 | ||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
874,113 | 2,484,977 | 2,439,861 | 2,384,678 | 312,217 | 278,322 | 6,093,097 | 2,317,373 | 790,707 | 842,958 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(13,021 | ) | (7,164 | ) | (5,122 | ) | (4,233 | ) | (58 | ) | - | (3,416 | ) | (59 | ) | (11,268 | ) | - | ||||||||||||||||||||||
|
Transfers between portfolios
|
99,586 | 29,020 | 16,846 | 35,985 | (24,698 | ) | - | 87,321 | 216,279 | - | 17,335 | |||||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
- | (10 | ) | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets from
|
||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
960,678 | 2,506,823 | 2,451,585 | 2,416,430 | 287,461 | 278,322 | 6,177,002 | 2,533,593 | 779,439 | 860,293 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
941,025 | 2,515,049 | 2,504,428 | 2,454,605 | 291,615 | 278,023 | 6,324,401 | 2,615,218 | 797,205 | 890,114 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 941,025 | $ | 2,515,049 | $ | 2,504,428 | $ | 2,454,605 | $ | 291,615 | $ | 278,023 | $ | 6,324,401 | $ | 2,615,218 | $ | 797,205 | $ | 890,114 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Units Issued
|
101,422 | 253,686 | 244,591 | 235,773 | 30,865 | 27,684 | 627,043 | 254,423 | 76,893 | 88,391 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(1,778 | ) | (2,217 | ) | (767 | ) | (427 | ) | (2,521 | ) | - | (2,618 | ) | (1,499 | ) | (1,084 | ) | (1,837 | ) | |||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
99,644 | 251,469 | 243,824 | 235,346 | 28,344 | 27,684 | 624,425 | 252,924 | 75,809 | 86,554 | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Changes in Net Assets
|
|
For the Year Ended December 31, 2012
|
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian
|
Curian
|
Curian
|
Curian/
|
Curian/
|
Curian/Epoch
|
|||||||||||||||||||||||||||||||
|
Moderate
|
Rising
|
Tactical
|
Tactical
|
Tactical
|
Tactical
|
Tactical
|
American Funds
|
DFA U.S.
|
Global Shareholder
|
|||||||||||||||||||||||||||||||
|
Growth
|
Income
|
Maximum Growth
|
Moderate Growth
|
Advantage 35
|
Advantage 60
|
Advantage 75
|
Growth
|
Micro Cap
|
Yield
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(b)
|
Portfolio(a)
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (14,556 | ) | $ | (4,249 | ) | $ | (5,007 | ) | $ | (16,008 | ) | $ | 6,924 | $ | 7,335 | $ | 3,620 | $ | (1,254 | ) | $ | (14 | ) | $ | 1,422 | ||||||||||||||
|
Net realized gain (loss) on investments
|
4,711 | 155 | 386 | 347 | 2,858 | 3,046 | (24,650 | ) | 192 | 1 | 1 | |||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
165,683 | 38,400 | 42,902 | 127,494 | 9,396 | 32,886 | 28,362 | 15,345 | 875 | (64 | ) | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
155,838 | 34,306 | 38,281 | 111,833 | 19,178 | 43,267 | 7,332 | 14,283 | 862 | 1,359 | ||||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
4,199,841 | 1,426,970 | 1,214,745 | 4,423,660 | 1,434,046 | 1,411,011 | 1,358,937 | 419,967 | 13,050 | 139,445 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(11,230 | ) | (465 | ) | (2,960 | ) | (4,751 | ) | (2,268 | ) | (4,551 | ) | (2,213 | ) | (2,900 | ) | - | - | ||||||||||||||||||||||
|
Transfers between portfolios
|
32,101 | 1,979 | 196,373 | 92,274 | (56,723 | ) | 957 | (563,168 | ) | 13,287 | - | - | ||||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(22 | ) | - | (30 | ) | - | - | (10 | ) | - | (21 | ) | - | - | ||||||||||||||||||||||||||
|
Net increase (decrease) in net assets from
|
||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
4,220,690 | 1,428,484 | 1,408,128 | 4,511,183 | 1,375,055 | 1,407,407 | 793,556 | 430,333 | 13,050 | 139,445 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
4,376,528 | 1,462,790 | 1,446,409 | 4,623,016 | 1,394,233 | 1,450,674 | 800,888 | 444,616 | 13,912 | 140,804 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 4,376,528 | $ | 1,462,790 | $ | 1,446,409 | $ | 4,623,016 | $ | 1,394,233 | $ | 1,450,674 | $ | 800,888 | $ | 444,616 | $ | 13,912 | $ | 140,804 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Units Issued
|
438,299 | 140,868 | 144,646 | 452,296 | 141,548 | 140,564 | 135,043 | 42,648 | 1,381 | 13,269 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(18,716 | ) | (48 | ) | (2,289 | ) | (527 | ) | (6,568 | ) | (1,462 | ) | (58,970 | ) | (598 | ) | - | - | ||||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
419,583 | 140,820 | 142,357 | 451,769 | 134,980 | 139,102 | 76,073 | 42,050 | 1,381 | 13,269 | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Changes in Net Assets
|
|
For the Year Ended December 31, 2012
|
|
Curian/FAMCO
|
Curian/Franklin
|
Curian/Franklin
|
Curian/
|
Curian/Nicholas
|
Curian/
|
Curian/
|
Curian/The
|
Curian/The Boston
|
Curian/
|
|||||||||||||||||||||||||||||||
|
Flex Core
|
Templeton Frontier
|
Templeton Natural
|
Neuberger Berman
|
Convertible
|
PIMCO
|
Pinebridge Merger
|
Boston Company
|
Company Multi-
|
Van Eck
|
|||||||||||||||||||||||||||||||
|
Covered Call
|
Markets
|
Resources
|
Currency
|
Arbitrage
|
Credit Income
|
Arbitrage
|
Equity Income
|
Alpha Market Neutral
|
International Gold
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(b)
|
Portfolio(a)
|
Portfolio(b)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Equity Portfolio(a)
|
Portfolio(b)
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | 6,256 | $ | - | $ | 875 | $ | (338 | ) | $ | (3,078 | ) | $ | 3,208 | $ | (6,488 | ) | $ | 1,813 | $ | (2,239 | ) | $ | (309 | ) | |||||||||||||||
|
Net realized gain (loss) on investments
|
(126 | ) | - | 515 | 47 | 565 | 2,281 | (144 | ) | 735 | (188 | ) | (2,637 | ) | ||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(7,058 | ) | 8 | 2,367 | 341 | 9,748 | 7,211 | 11,614 | 7,513 | (5,875 | ) | (12,233 | ) | |||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(928 | ) | 8 | 3,757 | 50 | 7,235 | 12,700 | 4,982 | 10,061 | (8,302 | ) | (15,179 | ) | |||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
1,057,201 | 500 | 453,698 | 171,061 | 1,064,099 | 680,506 | 2,240,007 | 242,696 | 831,051 | 198,122 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(9,302 | ) | - | (557 | ) | - | (8,422 | ) | (3,514 | ) | (11,661 | ) | - | (8,791 | ) | (120 | ) | |||||||||||||||||||||||
|
Transfers between portfolios
|
56,878 | - | 16,854 | 13,122 | 38,284 | (50,122 | ) | 32,214 | 4,982 | 7,934 | (404 | ) | ||||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
- | - | (43 | ) | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets from
|
||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
1,104,777 | 500 | 469,952 | 184,183 | 1,093,961 | 626,870 | 2,260,560 | 247,678 | 830,194 | 197,598 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
1,103,849 | 508 | 473,709 | 184,233 | 1,101,196 | 639,570 | 2,265,542 | 257,739 | 821,892 | 182,419 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 1,103,849 | $ | 508 | $ | 473,709 | $ | 184,233 | $ | 1,101,196 | $ | 639,570 | $ | 2,265,542 | $ | 257,739 | $ | 821,892 | $ | 182,419 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Units Issued
|
109,736 | 49 | 60,798 | 19,145 | 121,290 | 65,715 | 242,087 | 23,996 | 94,490 | 21,801 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(1,340 | ) | - | (6,808 | ) | (843 | ) | (12,889 | ) | (5,159 | ) | (15,076 | ) | (6 | ) | (12,864 | ) | (1,510 | ) | |||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
108,396 | 49 | 53,990 | 18,302 | 108,401 | 60,556 | 227,011 | 23,990 | 81,626 | 20,291 | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Changes in Net Assets
|
|
For the Year Ended December 31, 2012
|
|
JNL/American
|
JNL/American
|
|||||||||||||||||||||||||||||||||||||||
|
JNL Disciplined
|
JNL Disciplined
|
JNL Disciplined
|
JNL Institutional
|
JNL Institutional
|
JNL Institutional
|
JNL Institutional
|
Funds Balanced
|
Funds Blue Chip
|
JNL/American
|
|||||||||||||||||||||||||||||||
|
Growth
|
Moderate
|
Moderate
|
Alt 20
|
Alt 35
|
Alt 50
|
Alt 65
|
Allocation
|
Income and
|
Funds Global
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Portfolio
|
Growth Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio(a)
|
Growth Portfolio
|
Bond Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (61,224 | ) | $ | (21,055 | ) | $ | (34,145 | ) | $ | 39,476 | $ | 147,787 | $ | 280,890 | $ | 388,514 | $ | (27,509 | ) | $ | (174,652 | ) | $ | 72,572 | |||||||||||||||
|
Net realized gain (loss) on investments
|
660,140 | 2,011,123 | 1,953,850 | 1,527,781 | 1,945,344 | 2,659,159 | 2,619,516 | 10,930 | 491,671 | 291,118 | ||||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
1,206,147 | 2,537,717 | 3,034,832 | 2,582,511 | 2,494,072 | 3,367,262 | 905,495 | 198,817 | 2,860,524 | 346,300 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
1,805,063 | 4,527,785 | 4,954,537 | 4,149,768 | 4,587,203 | 6,307,311 | 3,913,525 | 182,238 | 3,177,543 | 709,990 | ||||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
3,662,460 | 9,999,485 | 13,342,572 | 17,322,569 | 15,071,879 | 27,836,262 | (600 | ) | 4,942,551 | 13,570,670 | 4,443,753 | |||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(671,363 | ) | (1,466,576 | ) | (1,340,473 | ) | (1,953,786 | ) | (1,110,167 | ) | (1,478,321 | ) | (4,086,366 | ) | (15,058 | ) | (939,893 | ) | (621,027 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
(456,740 | ) | 1,709,590 | 72,624 | 165,617 | 7,376,090 | 4,237,073 | (1,173,803 | ) | 645,448 | 1,074,951 | 40,194 | ||||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | - | - | - | - | (5,607 | ) | - | |||||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(146,324 | ) | (418,547 | ) | (374,776 | ) | (468,832 | ) | (611,926 | ) | (840,032 | ) | (280,654 | ) | (18,107 | ) | (422,754 | ) | (252,411 | ) | ||||||||||||||||||||
|
Net increase (decrease) in net assets from
|
||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
2,388,033 | 9,823,952 | 11,699,947 | 15,065,568 | 20,725,876 | 29,754,982 | (5,541,423 | ) | 5,554,834 | 13,277,367 | 3,610,509 | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
4,193,096 | 14,351,737 | 16,654,484 | 19,215,336 | 25,313,079 | 36,062,293 | (1,627,898 | ) | 5,737,072 | 16,454,910 | 4,320,499 | |||||||||||||||||||||||||||||
|
Net assets beginning of period
|
12,882,942 | 35,386,755 | 34,824,257 | 38,069,492 | 40,355,967 | 58,073,533 | 44,013,794 | - | 23,677,546 | 16,600,360 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 17,076,038 | $ | 49,738,492 | $ | 51,478,741 | $ | 57,284,828 | $ | 65,669,046 | $ | 94,135,826 | $ | 42,385,896 | $ | 5,737,072 | $ | 40,132,456 | $ | 20,920,859 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
1,571,969 | 3,671,834 | 3,911,919 | 2,833,235 | 2,890,742 | 4,075,978 | 2,999,681 | - | 2,367,529 | 1,563,311 | ||||||||||||||||||||||||||||||
|
Units Issued
|
529,151 | 1,388,210 | 1,763,423 | 1,409,088 | 1,692,973 | 2,400,166 | 73,578 | 593,093 | 1,533,886 | 688,414 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(253,906 | ) | (433,749 | ) | (531,329 | ) | (348,061 | ) | (284,857 | ) | (420,924 | ) | (432,186 | ) | (36,513 | ) | (307,238 | ) | (358,585 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
1,847,214 | 4,626,295 | 5,144,013 | 3,894,262 | 4,298,858 | 6,055,220 | 2,641,073 | 556,580 | 3,594,177 | 1,893,140 | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Changes in Net Assets
|
|
For the Year Ended December 31, 2012
|
|
JNL/American
|
JNL/American
|
JNL/American
|
JNL/American
|
JNL/AQR
|
JNL/BlackRock
|
JNL/Brookfield
|
JNL/Capital
|
|||||||||||||||||||||||||||||||||
|
Funds Global
|
Funds Growth
|
Funds
|
Funds
|
JNL/American
|
Managed Futures
|
Commodity
|
JNL/BlackRock
|
Global
|
Guardian Global
|
|||||||||||||||||||||||||||||||
|
Small Capitalization
|
Allocation
|
Growth-Income
|
International
|
Funds New
|
Strategy
|
Securities
|
Global Allocation
|
Infrastructure
|
Balanced
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Portfolio(a)
|
Portfolio
|
Portfolio
|
World Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (88,754 | ) | $ | (16,911 | ) | $ | (287,226 | ) | $ | (59,154 | ) | $ | (86,999 | ) | $ | (4,588 | ) | $ | (684,912 | ) | $ | (676,514 | ) | $ | (29,688 | ) | $ | 82,797 | |||||||||||
|
Net realized gain (loss) on investments
|
40,341 | 6,380 | 571,289 | (51,381 | ) | 46,714 | 650 | 75,918 | 202,300 | 37,677 | 107,584 | |||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
1,617,547 | 154,409 | 4,950,540 | 2,372,871 | 2,520,253 | 69,851 | 104,638 | 3,236,115 | 284,046 | 1,916,450 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
1,569,134 | 143,878 | 5,234,603 | 2,262,336 | 2,479,968 | 65,913 | (504,356 | ) | 2,761,901 | 292,035 | 2,106,831 | |||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
3,166,589 | 2,969,745 | 13,785,470 | 5,073,151 | 5,400,767 | 1,494,966 | 7,252,381 | 35,979,757 | 2,860,086 | 1,657,195 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(200,371 | ) | (13,348 | ) | (2,427,999 | ) | (832,342 | ) | (397,260 | ) | (4,744 | ) | (1,835,844 | ) | (2,285,276 | ) | (35,730 | ) | (1,475,483 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
276,879 | 1,171,065 | 2,121,442 | 810,342 | 936,448 | 91,298 | (1,183,242 | ) | 11,723,432 | 1,313,087 | (203,026 | ) | ||||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | (2,600 | ) | - | (7,123 | ) | (3,938 | ) | - | (154,032 | ) | ||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(128,288 | ) | (11,032 | ) | (509,353 | ) | (193,512 | ) | (202,052 | ) | (22 | ) | (342,587 | ) | (461,907 | ) | (16,548 | ) | (121,857 | ) | ||||||||||||||||||||
|
Net increase (decrease) in net assets from
|
||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
3,114,809 | 4,116,430 | 12,969,560 | 4,857,639 | 5,735,303 | 1,581,498 | 3,883,585 | 44,952,068 | 4,120,895 | (297,203 | ) | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
4,683,943 | 4,260,308 | 18,204,163 | 7,119,975 | 8,215,271 | 1,647,411 | 3,379,229 | 47,713,969 | 4,412,930 | 1,809,628 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
8,653,460 | - | 29,983,489 | 11,986,610 | 13,116,960 | - | 40,160,435 | 18,579,233 | 350,285 | 18,674,990 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 13,337,403 | $ | 4,260,308 | $ | 48,187,652 | $ | 19,106,585 | $ | 21,332,231 | $ | 1,647,411 | $ | 43,539,664 | $ | 66,293,202 | $ | 4,763,215 | $ | 20,484,618 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
988,420 | - | 3,011,671 | 1,324,305 | 1,382,811 | - | 3,938,935 | 1,902,158 | 33,842 | 1,721,631 | ||||||||||||||||||||||||||||||
|
Units Issued
|
455,711 | 429,237 | 1,649,123 | 790,103 | 780,588 | 187,087 | 1,197,569 | 5,000,124 | 455,459 | 238,942 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(131,399 | ) | (16,501 | ) | (456,292 | ) | (287,470 | ) | (215,531 | ) | (19,804 | ) | (842,992 | ) | (610,646 | ) | (95,938 | ) | (264,106 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
1,312,732 | 412,736 | 4,204,502 | 1,826,938 | 1,947,868 | 167,283 | 4,293,512 | 6,291,636 | 393,363 | 1,696,467 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
JNL/Capital
Guardian Global Diversified Research Portfolio |
JNL/DFA U.S.
Core Equity Portfolio |
JNL/Eagle
SmallCap Equity Portfolio |
JNL/Eastspring
Investments Asia ex-Japan Portfolio |
JNL/Eastspring
Investments China-India Portfolio |
JNL/Franklin
Templeton Founding Strategy Portfolio |
JNL/Franklin
Templeton Global Growth Portfolio |
JNL/Franklin
Templeton Global Multisector Bond Portfolio |
JNL/Franklin
Templeton Income Portfolio |
JNL/Franklin
Templeton Inter- national Small Cap Growth Portfolio |
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (45,147 | ) | $ | (58,222 | ) | $ | (664,702 | ) | $ | (91,180 | ) | $ | (188,894 | ) | $ | 402,411 | $ | (1,160 | ) | $ | (66,037 | ) | $ | 2,422,064 | $ | 2,264 | |||||||||||||
|
Net realized gain (loss) on investments
|
198,544 | 145,307 | 671,549 | 401,091 | (792,629 | ) | 663,746 | 123,838 | 59,518 | 961,393 | 101,042 | |||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
1,419,746 | 821,579 | 4,339,371 | 1,493,871 | 5,518,026 | 7,724,363 | 2,418,508 | 732,554 | 4,216,780 | 2,378,559 | ||||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
1,573,143 | 908,664 | 4,346,218 | 1,803,782 | 4,536,503 | 8,790,520 | 2,541,186 | 726,035 | 7,600,237 | 2,481,865 | ||||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
878,913 | 1,450,922 | 7,794,032 | 2,055,553 | 3,349,161 | 7,344,760 | 2,164,658 | 5,037,116 | 17,354,187 | 1,723,562 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(589,372 | ) | (544,410 | ) | (1,760,866 | ) | (291,345 | ) | (699,645 | ) | (3,737,366 | ) | (733,771 | ) | (127,689 | ) | (4,562,615 | ) | (353,680 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
(628,807 | ) | (255,377 | ) | (2,923,399 | ) | 407,077 | (122,227 | ) | (1,626,953 | ) | (117,292 | ) | 5,585,321 | (1,194,105 | ) | 925,304 | |||||||||||||||||||||||
|
Net annuitization transactions
|
- | (9,725 | ) | - | - | (852 | ) | (6,388 | ) | - | - | (90,046 | ) | - | ||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(73,064 | ) | (75,195 | ) | (324,022 | ) | (81,188 | ) | (210,007 | ) | (447,320 | ) | (113,114 | ) | (44,693 | ) | (613,291 | ) | (86,073 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
(412,330 | ) | 566,215 | 2,785,745 | 2,090,097 | 2,316,430 | 1,526,733 | 1,200,481 | 10,450,055 | 10,894,130 | 2,209,113 | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
1,160,813 | 1,474,879 | 7,131,963 | 3,893,879 | 6,852,933 | 10,317,253 | 3,741,667 | 11,176,090 | 18,494,367 | 4,690,978 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
10,792,192 | 7,533,057 | 38,956,794 | 7,750,622 | 19,522,036 | 61,513,561 | 12,114,415 | - | 67,216,459 | 8,741,480 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 11,953,005 | $ | 9,007,936 | $ | 46,088,757 | $ | 11,644,501 | $ | 26,374,969 | $ | 71,830,814 | $ | 15,856,082 | $ | 11,176,090 | $ | 85,710,826 | $ | 13,432,458 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
490,918 | 482,052 | 1,490,214 | 1,059,720 | 3,207,448 | 7,294,891 | 1,665,414 | - | 6,100,360 | 1,302,324 | ||||||||||||||||||||||||||||||
|
Units Issued
|
60,908 | 122,965 | 445,760 | 614,141 | 1,134,272 | 1,043,561 | 376,623 | 1,044,425 | 1,961,724 | 476,002 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(83,591 | ) | (93,353 | ) | (360,166 | ) | (353,686 | ) | (774,200 | ) | (879,004 | ) | (229,383 | ) | (85,785 | ) | (1,026,073 | ) | (179,550 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
468,235 | 511,664 | 1,575,808 | 1,320,175 | 3,567,520 | 7,459,448 | 1,812,654 | 958,640 | 7,036,011 | 1,598,776 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
JNL/Franklin
Templeton Mutual Shares Portfolio |
JNL/Franklin
Templeton Small Cap Value Portfolio |
JNL/
Goldman Sachs Core Plus Bond Portfolio |
JNL/Goldman
Sachs Emerging Markets Debt Portfolio |
JNL/
Goldman Sachs Mid Cap Value Portfolio |
JNL/Goldman
Sachs U.S. Equity Flex Portfolio |
JNL/Invesco
Global Real Estate Portfolio |
JNL/Invesco
International Growth Portfolio |
JNL/Invesco
Large Cap Growth Portfolio |
JNL/Invesco
Small Cap Growth Portfolio |
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | 290 | $ | (251,949 | ) | $ | 311,664 | $ | (271,547 | ) | $ | (91,084 | ) | $ | (75,247 | ) | $ | (232,158 | ) | $ | 29,104 | $ | (299,508 | ) | $ | (231,785 | ) | |||||||||||||
|
Net realized gain (loss) on investments
|
343,464 | 446,163 | 1,683,983 | 362,029 | 307,416 | 119,160 | 857,034 | 91,804 | 898,397 | 1,105,608 | ||||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
2,487,460 | 2,641,641 | 68,687 | 2,790,665 | 3,075,322 | 953,169 | 5,783,573 | 2,702,162 | 1,185,108 | 1,018,552 | ||||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
2,831,214 | 2,835,855 | 2,064,334 | 2,881,147 | 3,291,654 | 997,082 | 6,408,449 | 2,823,070 | 1,783,997 | 1,892,375 | ||||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
4,935,733 | 3,410,487 | 7,175,727 | 856,343 | 5,047,632 | 815,140 | 6,136,901 | 3,739,778 | 4,258,718 | 3,462,534 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(899,352 | ) | (589,493 | ) | (3,088,484 | ) | (914,112 | ) | (658,023 | ) | (274,767 | ) | (922,202 | ) | (1,130,201 | ) | (1,141,068 | ) | (611,768 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
(553,356 | ) | 865,820 | 5,762,556 | (2,192,025 | ) | (3,964,734 | ) | 66,983 | 5,699,215 | (464,736 | ) | 60,708 | (399,854 | ) | |||||||||||||||||||||||||
|
Net annuitization transactions
|
(6,240 | ) | (17,182 | ) | (27,082 | ) | - | - | - | (15,079 | ) | (7,148 | ) | (7,921 | ) | - | ||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(229,994 | ) | (165,437 | ) | (282,461 | ) | (164,739 | ) | (202,994 | ) | (51,029 | ) | (202,422 | ) | (150,302 | ) | (136,114 | ) | (99,394 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
3,246,791 | 3,504,195 | 9,540,256 | (2,414,533 | ) | 221,881 | 556,327 | 10,696,413 | 1,987,391 | 3,034,323 | 2,351,518 | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
6,078,005 | 6,340,050 | 11,604,590 | 466,614 | 3,513,535 | 1,553,409 | 17,104,862 | 4,810,461 | 4,818,320 | 4,243,893 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
22,395,345 | 16,216,770 | 30,199,266 | 17,233,294 | 22,893,612 | 5,277,234 | 19,221,422 | 18,853,686 | 16,199,827 | 10,987,503 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 28,473,350 | $ | 22,556,820 | $ | 41,803,856 | $ | 17,699,908 | $ | 26,407,147 | $ | 6,830,643 | $ | 36,326,284 | $ | 23,664,147 | $ | 21,018,147 | $ | 15,231,396 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
2,771,279 | 1,344,943 | 1,310,039 | 1,378,245 | 1,902,348 | 696,297 | 1,687,856 | 1,283,451 | 1,433,079 | 743,350 | ||||||||||||||||||||||||||||||
|
Units Issued
|
726,815 | 454,826 | 809,154 | 89,142 | 518,560 | 198,061 | 1,565,789 | 330,236 | 496,501 | 587,509 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(353,451 | ) | (184,918 | ) | (417,935 | ) | (270,846 | ) | (529,596 | ) | (128,941 | ) | (733,823 | ) | (208,591 | ) | (251,616 | ) | (444,288 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
3,144,643 | 1,614,851 | 1,701,258 | 1,196,541 | 1,891,312 | 765,417 | 2,519,822 | 1,405,096 | 1,677,964 | 886,571 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
JNL/Ivy
Asset Strategy Portfolio |
JNL/JPMorgan
International Value Portfolio |
JNL/JPMorgan
MidCap Growth Portfolio |
JNL/JPMorgan
U.S. Government & Quality Bond Portfolio |
JNL/Lazard
Emerging Markets Portfolio |
JNL/Lazard
Mid Cap Equity Portfolio |
JNL/M&G
Global Basics Portfolio |
JNL/M&G
Global Leaders Portfolio |
JNL/MCM
10 x 10 Portfolio |
JNL/MCM
25 Portfolio |
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (1,012,890 | ) | $ | 621,151 | $ | (317,241 | ) | $ | 274,377 | $ | 184,700 | $ | (209,803 | ) | $ | (12,312 | ) | $ | (11,213 | ) | $ | 272,324 | $ | 198,591 | |||||||||||||||
|
Net realized gain (loss) on investments
|
461,763 | (695,597 | ) | 2,017,300 | 879,639 | 1,199,833 | 115,399 | 85,132 | 10,893 | 608,442 | 1,177,168 | |||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
9,932,722 | 2,914,609 | 948,263 | (365,976 | ) | 6,667,333 | 956,931 | 102,653 | 280,431 | 3,517,826 | 2,657,089 | |||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
9,381,595 | 2,840,163 | 2,648,322 | 788,040 | 8,051,866 | 862,527 | 175,473 | 280,111 | 4,398,592 | 4,032,848 | ||||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
17,459,699 | 2,870,025 | 3,676,657 | 10,641,156 | 353,329 | 2,322,456 | 612,596 | 1,067,539 | 1,958,837 | 4,061,912 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(2,067,681 | ) | (1,042,182 | ) | (1,520,188 | ) | (2,630,142 | ) | (1,956,919 | ) | (987,614 | ) | (169,548 | ) | (79,804 | ) | (1,869,159 | ) | (2,710,155 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
4,417,597 | 8,535 | (7,021,521 | ) | (1,975,948 | ) | (2,027,951 | ) | (225,129 | ) | 532,077 | (635,795 | ) | (307,212 | ) | 5,312,214 | ||||||||||||||||||||||||
|
Net annuitization transactions
|
(79,497 | ) | (3,820 | ) | (4,096 | ) | (30,070 | ) | (6,375 | ) | (654 | ) | - | - | - | (43,383 | ) | |||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(787,830 | ) | (109,678 | ) | (119,590 | ) | (288,587 | ) | (342,264 | ) | (92,736 | ) | (30,055 | ) | (18,487 | ) | (215,691 | ) | (152,657 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
18,942,288 | 1,722,880 | (4,988,738 | ) | 5,716,409 | (3,980,180 | ) | 1,016,323 | 945,070 | 333,453 | (433,225 | ) | 6,467,931 | |||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
28,323,883 | 4,563,043 | (2,340,416 | ) | 6,504,449 | 4,071,686 | 1,878,850 | 1,120,543 | 613,564 | 3,965,367 | 10,500,779 | |||||||||||||||||||||||||||||
|
Net assets beginning of period
|
53,308,752 | 17,378,677 | 19,639,043 | 35,432,206 | 41,160,945 | 14,087,669 | 2,555,802 | 1,890,283 | 31,009,689 | 22,351,097 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 81,632,635 | $ | 21,941,720 | $ | 17,298,627 | $ | 41,936,655 | $ | 45,232,631 | $ | 15,966,519 | $ | 3,676,345 | $ | 2,503,847 | $ | 34,975,056 | $ | 32,851,876 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
5,224,782 | 1,585,919 | 945,470 | 1,790,542 | 3,617,959 | 781,882 | 200,223 | 173,369 | 3,709,837 | 1,519,940 | ||||||||||||||||||||||||||||||
|
Units Issued
|
2,348,915 | 382,196 | 254,027 | 949,209 | 86,109 | 180,747 | 109,617 | 126,810 | 319,517 | 712,691 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(637,342 | ) | (235,261 | ) | (468,311 | ) | (671,194 | ) | (402,844 | ) | (131,389 | ) | (38,797 | ) | (96,586 | ) | (364,202 | ) | (319,565 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
6,936,355 | 1,732,854 | 731,186 | 2,068,557 | 3,301,224 | 831,240 | 271,043 | 203,593 | 3,665,152 | 1,913,066 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
JNL/MCM
Bond Index Portfolio |
JNL/MCM
Communications Sector Portfolio |
JNL/MCM
Consumer Brands Sector Portfolio |
JNL/MCM
Dow Dividend Portfolio |
JNL/MCM Dow
Jones U.S. Contrarian Opportunities Index Portfolio(a) |
JNL/MCM
Emerging Markets Index Portfolio |
JNL/MCM
European 30 Portfolio |
JNL/MCM
Financial Sector Portfolio |
JNL/MCM
Global Alpha Portfolio |
JNL/MCM
Healthcare Sector Portfolio |
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | 218,531 | $ | 112,583 | $ | (89,432 | ) | $ | 376,244 | $ | (1,527 | ) | $ | (104,368 | ) | $ | 34,825 | $ | (95,970 | ) | $ | (33,881 | ) | $ | (171,546 | ) | ||||||||||||||
|
Net realized gain (loss) on investments
|
511,167 | 51,950 | 700,206 | 90,234 | 4,758 | (29,190 | ) | 1,041 | 223,553 | 45,374 | 888,030 | |||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(166,497 | ) | 453,434 | 880,309 | 1,896,014 | 13,566 | 515,520 | 101,443 | 2,779,326 | (90,843 | ) | 2,626,202 | ||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
563,201 | 617,967 | 1,491,083 | 2,362,492 | 16,797 | 381,962 | 137,309 | 2,906,909 | (79,350 | ) | 3,342,686 | |||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
5,908,901 | 1,009,517 | 2,168,603 | 7,029,102 | 278,567 | 4,612,687 | 287,432 | 2,448,527 | 718,246 | 5,924,757 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(2,431,007 | ) | (196,438 | ) | (275,038 | ) | (1,156,336 | ) | (1,666 | ) | (419,051 | ) | (37,687 | ) | (540,886 | ) | (112,433 | ) | (1,077,029 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
908,693 | 2,559,653 | 4,184,792 | (187,570 | ) | 139,640 | 3,843,480 | 24,800 | 5,005,727 | (152,632 | ) | 1,188,654 | ||||||||||||||||||||||||||||
|
Net annuitization transactions
|
(2,577 | ) | - | (815 | ) | (147,298 | ) | - | (522 | ) | - | - | - | (16,393 | ) | |||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(149,176 | ) | (39,779 | ) | (62,484 | ) | (185,158 | ) | (821 | ) | (41,160 | ) | (16,713 | ) | (124,108 | ) | (21,571 | ) | (173,615 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
4,234,834 | 3,332,953 | 6,015,058 | 5,352,740 | 415,720 | 7,995,434 | 257,832 | 6,789,260 | 431,610 | 5,846,374 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
4,798,035 | 3,950,920 | 7,506,141 | 7,715,232 | 432,517 | 8,377,396 | 395,141 | 9,696,169 | 352,260 | 9,189,060 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
28,140,996 | 6,054,115 | 5,465,436 | 21,636,507 | - | 113,183 | 1,492,211 | 9,654,311 | 2,091,615 | 18,149,843 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 32,939,031 | $ | 10,005,035 | $ | 12,971,577 | $ | 29,351,739 | $ | 432,517 | $ | 8,490,579 | $ | 1,887,352 | $ | 19,350,480 | $ | 2,443,875 | $ | 27,338,903 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
2,044,305 | 1,182,141 | 462,620 | 3,067,395 | - | 12,527 | 136,783 | 1,509,426 | 201,348 | 1,448,921 | ||||||||||||||||||||||||||||||
|
Units Issued
|
692,924 | 1,153,686 | 598,718 | 1,450,106 | 54,202 | 1,641,912 | 66,217 | 1,511,804 | 95,189 | 714,367 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(392,581 | ) | (724,369 | ) | (155,042 | ) | (734,795 | ) | (11,379 | ) | (842,355 | ) | (41,610 | ) | (588,693 | ) | (54,130 | ) | (298,210 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
2,344,648 | 1,611,458 | 906,296 | 3,782,706 | 42,823 | 812,084 | 161,390 | 2,432,537 | 242,407 | 1,865,078 | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Statements of Changes in Net Assets
|
|
For the Year Ended December 31, 2012
|
|
JNL/MCM
Index 5
Portfolio
|
JNL/MCM
International
Index Portfolio
|
JNL/MCM
JNL 5
Portfolio
|
JNL/MCM
JNL Optimized
5 Portfolio
|
JNL/MCM
Nasdaq 25
Portfolio
|
JNL/MCM
NYSE International
25 Portfolio
|
JNL/MCM
Oil & Gas
Sector Portfolio
|
JNL/MCM
Pacific Rim 30
Portfolio
|
JNL/MCM
S&P 24
Portfolio
|
JNL/MCM
S&P 400 MidCap
Index Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (66,978 | ) | $ | 351,271 | $ | 2,816,064 | $ | 365,286 | $ | (147,045 | ) | $ | 117,852 | $ | (224,346 | ) | $ | 12,529 | $ | (25,621 | ) | $ | (243,146 | ) | |||||||||||||||
|
Net realized gain (loss) on investments
|
2,286,316 | (1,019,153 | ) | (6,523,630 | ) | (124,266 | ) | 506,203 | (456,091 | ) | 617,530 | 114,645 | 298,142 | 2,064,561 | ||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
3,141,736 | 5,706,522 | 38,036,245 | 3,465,234 | 966,832 | 882,647 | 727,065 | 237,385 | (60,193 | ) | 3,653,096 | |||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
5,361,074 | 5,038,640 | 34,328,679 | 3,706,254 | 1,325,990 | 544,408 | 1,120,249 | 364,559 | 212,328 | 5,474,511 | ||||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
4,963,987 | 3,820,376 | 7,258,535 | 1,670,264 | 2,386,446 | 639,808 | 7,214,192 | 632,200 | 266,292 | 6,077,593 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(1,962,794 | ) | (2,719,262 | ) | (21,846,013 | ) | (2,154,111 | ) | (611,730 | ) | (206,048 | ) | (2,066,250 | ) | (150,887 | ) | (127,471 | ) | (3,471,675 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
(470,837 | ) | (997,791 | ) | (14,307,698 | ) | (1,901,685 | ) | 4,707,862 | (401,671 | ) | 101,431 | 52,461 | (306,399 | ) | (2,500,496 | ) | |||||||||||||||||||||||
|
Net annuitization transactions
|
- | (63,270 | ) | (636,347 | ) | (1,906 | ) | (1,193 | ) | - | (12,518 | ) | (1,017 | ) | - | (52,383 | ) | |||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(326,001 | ) | (162,526 | ) | (491,425 | ) | (162,081 | ) | (62,332 | ) | (29,752 | ) | (321,627 | ) | (35,510 | ) | (13,611 | ) | (190,671 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
2,204,355 | (122,473 | ) | (30,022,948 | ) | (2,549,519 | ) | 6,419,053 | 2,337 | 4,915,228 | 497,247 | (181,189 | ) | (137,632 | ) | |||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
7,565,429 | 4,916,167 | 4,305,731 | 1,156,735 | 7,745,043 | 546,745 | 6,035,477 | 861,806 | 31,139 | 5,336,879 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
42,883,797 | 31,356,978 | 224,788,427 | 30,661,418 | 6,906,424 | 5,244,125 | 40,885,183 | 3,211,839 | 2,305,641 | 35,429,239 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 50,449,226 | $ | 36,273,145 | $ | 229,094,158 | $ | 31,818,153 | $ | 14,651,467 | $ | 5,790,870 | $ | 46,920,660 | $ | 4,073,645 | $ | 2,336,780 | $ | 40,766,118 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
4,652,313 | 2,402,205 | 21,249,678 | 3,600,972 | 620,214 | 850,400 | 1,302,170 | 256,020 | 233,399 | 2,218,086 | ||||||||||||||||||||||||||||||
|
Units Issued
|
697,264 | 483,329 | 1,100,380 | 369,326 | 713,040 | 229,113 | 404,738 | 82,697 | 50,376 | 514,508 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(470,358 | ) | (498,836 | ) | (3,728,365 | ) | (648,709 | ) | (221,556 | ) | (225,459 | ) | (256,997 | ) | (44,398 | ) | (68,854 | ) | (526,861 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
4,879,219 | 2,386,698 | 18,621,693 | 3,321,589 | 1,111,698 | 854,054 | 1,449,911 | 294,319 | 214,921 | 2,205,733 | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Changes in Net Assets
|
||||||||||||||||||||||||||||||||||||||||
|
For the Year Ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/Morgan
|
JNL/Neuberger
|
JNL/
|
||||||||||||||||||||||||||||||||||||||
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
JNL/MCM
|
Stanley Mid
|
Berman
|
Oppenheimer
|
||||||||||||||||||||||||||||||||
|
S&P 500
|
S&P SMid
|
Select Small-Cap
|
Small Cap
|
Technology
|
Value Line 30
|
JNL/MCM
|
Cap Growth
|
Strategic Income
|
Global Growth
|
|||||||||||||||||||||||||||||||
|
Index Portfolio
|
60 Portfolio
|
Portfolio
|
Index Portfolio
|
Sector Portfolio
|
Portfolio
|
VIP Portfolio
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | 65,890 | $ | (76,653 | ) | $ | (117,595 | ) | $ | (655 | ) | $ | (443,587 | ) | $ | (405,784 | ) | $ | 52,848 | $ | (928 | ) | $ | (17,108 | ) | $ | (155,233 | ) | ||||||||||||
|
Net realized gain (loss) on investments
|
4,310,077 | 858,375 | (46,012 | ) | 1,764,537 | 2,942,461 | (2,740,895 | ) | (299,860 | ) | (668 | ) | 1,731 | 163,825 | ||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
8,409,990 | 161,270 | 1,253,449 | 2,445,233 | (1,690,618 | ) | 5,286,994 | 1,478,700 | 21,623 | 88,684 | 4,926,547 | |||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
12,785,957 | 942,992 | 1,089,842 | 4,209,115 | 808,256 | 2,140,315 | 1,231,688 | 20,027 | 73,307 | 4,935,139 | ||||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
22,915,713 | 894,514 | 772,672 | 4,239,330 | 5,412,439 | 1,133,309 | 1,386,085 | 621,263 | 3,075,283 | 4,255,347 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(6,725,934 | ) | (419,811 | ) | (656,842 | ) | (2,996,248 | ) | (1,634,092 | ) | (2,084,260 | ) | (797,591 | ) | (28,121 | ) | (15,630 | ) | (1,429,230 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
491,868 | (5,834,501 | ) | 79,826 | 317,385 | 7,731,771 | (6,564,107 | ) | (371,918 | ) | 91,451 | 554,892 | (937,257 | ) | ||||||||||||||||||||||||||
|
Net annuitization transactions
|
(200,571 | ) | - | (18,193 | ) | (27,554 | ) | (8,564 | ) | (75,952 | ) | (20,216 | ) | - | - | (19,076 | ) | |||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(894,867 | ) | (45,480 | ) | (32,725 | ) | (164,635 | ) | (240,393 | ) | (56,361 | ) | (49,764 | ) | (2,361 | ) | (8,331 | ) | (194,039 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
15,586,209 | (5,405,278 | ) | 144,738 | 1,368,278 | 11,261,161 | (7,647,371 | ) | 146,596 | 682,232 | 3,606,214 | 1,675,745 | ||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
28,372,166 | (4,462,286 | ) | 1,234,580 | 5,577,393 | 12,069,417 | (5,507,056 | ) | 1,378,284 | 702,259 | 3,679,521 | 6,610,884 | ||||||||||||||||||||||||||||
|
Net assets beginning of period
|
95,155,066 | 11,333,484 | 7,412,445 | 29,344,163 | 20,786,918 | 29,159,011 | 11,392,776 | - | - | 25,540,756 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 123,527,232 | $ | 6,871,198 | $ | 8,647,025 | $ | 34,921,556 | $ | 32,856,335 | $ | 23,651,955 | $ | 12,771,060 | $ | 702,259 | $ | 3,679,521 | $ | 32,151,640 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
8,846,932 | 1,089,975 | 582,500 | 2,094,482 | 3,099,309 | 3,089,330 | 1,079,679 | - | - | 2,059,450 | ||||||||||||||||||||||||||||||
|
Units Issued
|
3,527,083 | 187,596 | 161,018 | 451,243 | 3,487,139 | 267,017 | 182,935 | 79,306 | 357,104 | 425,197 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(2,277,946 | ) | (687,102 | ) | (152,429 | ) | (367,582 | ) | (2,116,932 | ) | (1,023,838 | ) | (167,489 | ) | (5,253 | ) | (4,282 | ) | (302,922 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
10,096,069 | 590,469 | 591,089 | 2,178,143 | 4,469,516 | 2,332,509 | 1,095,125 | 74,053 | 352,822 | 2,181,725 | ||||||||||||||||||||||||||||||
|
(a) Commencement of operations April 30, 2012.
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/PIMCO
Real Return
Portfolio
|
JNL/PIMCO
Total Return
Bond Portfolio
|
JNL/PPM
America Floating
Rate Income
Portfolio
|
JNL/
PPM America
High Yield
Bond Portfolio
|
JNL/
PPM America
Mid Cap Value
Portfolio
|
JNL/
PPM America
Small Cap Value
Portfolio
|
JNL/
PPM America
Value Equity
Portfolio
|
JNL/
Red Rocks Listed
Private Equity
Portfolio
|
JNL/S&P 4
Portfolio
|
JNL/S&P
Competitive
Advantage
Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | 449,138 | $ | 1,150,502 | $ | 159,459 | $ | 2,663,969 | $ | (71,448 | ) | $ | (17,099 | ) | $ | (7,669 | ) | $ | (175,964 | ) | $ | 179,342 | $ | (90,691 | ) | |||||||||||||||
|
Net realized gain (loss) on investments
|
7,769,794 | 7,360,340 | 72,186 | 1,227,458 | 363,083 | 101,272 | 65,988 | (192,253 | ) | 4,860,117 | 618,451 | |||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
(depreciation) on investments |
(2,385,725 | ) | 4,771,291 | 292,882 | 4,456,995 | 98,449 | 528,451 | 538,731 | 3,047,111 | 3,044,553 | 555,984 | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
from operations |
5,833,207 | 13,282,133 | 524,527 | 8,348,422 | 390,084 | 612,624 | 597,050 | 2,678,894 | 8,084,012 | 1,083,744 | ||||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
26,610,099 | 53,499,004 | 5,804,390 | 13,842,045 | 732,011 | 1,017,580 | 412,446 | 1,235,745 | 8,498,173 | 2,868,400 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(4,958,696 | ) | (13,985,847 | ) | (407,467 | ) | (3,808,771 | ) | (134,783 | ) | (123,513 | ) | (601,039 | ) | (482,160 | ) | (2,368,697 | ) | (419,570 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
8,654,633 | 17,494,705 | 2,530,678 | 3,772,392 | 676,207 | 38,359 | 469,027 | (199,931 | ) | 195,454 | 6,808,261 | |||||||||||||||||||||||||||||
|
Net annuitization transactions
|
(37,932 | ) | (178,565 | ) | - | (33,486 | ) | - | - | (7,279 | ) | - | (1,973 | ) | (9,206 | ) | ||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(785,953 | ) | (1,941,638 | ) | (89,962 | ) | (433,995 | ) | (49,624 | ) | (44,103 | ) | (33,056 | ) | (103,966 | ) | (329,607 | ) | (74,050 | ) | ||||||||||||||||||||
|
Net increase (decrease) in net assets from
contract transactions |
29,482,151 | 54,887,659 | 7,837,639 | 13,338,185 | 1,223,811 | 888,323 | 240,099 | 449,688 | 5,993,350 | 9,173,835 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
35,315,358 | 68,169,792 | 8,362,166 | 21,686,607 | 1,613,895 | 1,500,947 | 837,149 | 3,128,582 | 14,077,362 | 10,257,579 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
76,214,738 | 191,090,963 | 5,807,587 | 49,959,183 | 3,700,137 | 3,097,335 | 4,165,388 | 9,423,337 | 53,136,353 | 3,763,150 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 111,530,096 | $ | 259,260,755 | $ | 14,169,753 | $ | 71,645,790 | $ | 5,314,032 | $ | 4,598,282 | $ | 5,002,537 | $ | 12,551,919 | $ | 67,213,715 | $ | 14,020,729 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
5,478,004 | 10,424,936 | 586,059 | 3,231,192 | 389,582 | 329,843 | 320,083 | 1,150,240 | 4,884,938 | 318,270 | ||||||||||||||||||||||||||||||
|
Units Issued
|
3,075,495 | 5,008,401 | 941,224 | 1,740,101 | 631,410 | 166,206 | 73,599 | 196,299 | 1,317,504 | 1,116,129 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(1,045,987 | ) | (2,191,027 | ) | (179,779 | ) | (967,727 | ) | (533,337 | ) | (80,934 | ) | (73,354 | ) | (155,071 | ) | (803,548 | ) | (399,263 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
7,507,512 | 13,242,310 | 1,347,504 | 4,003,566 | 487,655 | 415,115 | 320,328 | 1,191,468 | 5,398,894 | 1,035,136 | ||||||||||||||||||||||||||||||
|
JNL/S&P
Dividend Income
& Growth
Portfolio
|
JNL/S&P
Intrinsic Value
Portfolio
|
JNL/
S&P Managed
Aggressive
Growth Portfolio
|
JNL/
S&P Managed
Conservative
Portfolio
|
JNL/
S&P Managed
Growth Portfolio
|
JNL/
S&P Managed
Moderate
Portfolio
|
JNL/
S&P Managed
Moderate
Growth Portfolio
|
JNL/S&P
Total Yield
Portfolio
|
JNL/T. Rowe
Price Established
Growth Portfolio
|
JNL/T. Rowe
Price Mid-Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | 89,285 | $ | (133,139 | ) | $ | (567,983 | ) | $ | 1,150,413 | $ | (800,496 | ) | $ | 552,148 | $ | (259,874 | ) | $ | (21,458 | ) | $ | (1,369,389 | ) | $ | (1,194,590 | ) | |||||||||||||
|
Net realized gain (loss) on investments
|
4,293,386 | 193,858 | 1,587,330 | 2,761,491 | 9,374,154 | 9,293,409 | 13,296,765 | 80,436 | 2,888,230 | 5,659,850 | ||||||||||||||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(184,294 | ) | 1,671,075 | 7,895,559 | 4,416,025 | 17,038,150 | 8,045,593 | 19,516,744 | 649,348 | 10,309,235 | 4,701,229 | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
4,198,377 | 1,731,794 | 8,914,906 | 8,327,929 | 25,611,808 | 17,891,150 | 32,553,635 | 708,326 | 11,828,076 | 9,166,489 | ||||||||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
13,774,222 | 2,819,734 | 9,550,358 | 30,850,296 | 28,796,985 | 50,867,763 | 57,919,659 | 1,589,213 | 14,245,573 | 13,793,168 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(2,279,040 | ) | (1,299,271 | ) | (6,773,474 | ) | (7,938,466 | ) | (10,781,363 | ) | (15,164,211 | ) | (18,116,712 | ) | (97,515 | ) | (5,729,911 | ) | (6,007,661 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
11,775,538 | (5,155,295 | ) | (2,052,551 | ) | 10,722,766 | (5,711,907 | ) | 1,375,482 | (1,517,626 | ) | 338,719 | 15,406,430 | 4,482,466 | ||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | (2,058 | ) | (81,996 | ) | (236,405 | ) | (175,926 | ) | (24,490 | ) | (58,405 | ) | - | (123,964 | ) | (141,050 | ) | ||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(416,750 | ) | (101,424 | ) | (487,915 | ) | (1,057,010 | ) | (1,428,154 | ) | (1,786,478 | ) | (2,320,050 | ) | (43,771 | ) | (572,830 | ) | (544,021 | ) | ||||||||||||||||||||
|
Net increase (decrease) in net assets from
|
||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
22,853,970 | (3,738,314 | ) | 154,422 | 32,341,181 | 10,699,635 | 35,268,066 | 35,906,866 | 1,786,646 | 23,225,298 | 11,582,902 | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
27,052,347 | (2,006,520 | ) | 9,069,328 | 40,669,110 | 36,311,443 | 53,159,216 | 68,460,501 | 2,494,972 | 35,053,374 | 20,749,391 | |||||||||||||||||||||||||||||
|
Net assets beginning of period
|
28,047,984 | 15,737,463 | 67,978,427 | 105,754,752 | 184,728,378 | 183,032,484 | 257,460,947 | 3,001,411 | 66,026,711 | 75,215,217 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 55,100,331 | $ | 13,730,943 | $ | 77,047,755 | $ | 146,423,862 | $ | 221,039,821 | $ | 236,191,700 | $ | 325,921,448 | $ | 5,496,383 | $ | 101,080,085 | $ | 95,964,608 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
2,515,548 | 1,379,340 | 5,126,298 | 8,785,135 | 13,103,816 | 14,881,901 | 17,870,289 | 331,841 | 2,451,111 | 1,675,627 | ||||||||||||||||||||||||||||||
|
Units Issued
|
3,549,284 | 486,635 | 1,664,381 | 3,689,118 | 2,210,853 | 4,747,851 | 4,592,471 | 237,104 | 1,141,190 | 548,895 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(1,611,350 | ) | (795,070 | ) | (1,735,083 | ) | (1,096,633 | ) | (1,546,276 | ) | (2,055,815 | ) | (2,314,757 | ) | (62,499 | ) | (435,902 | ) | (322,473 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2012
|
4,453,482 | 1,070,905 | 5,055,596 | 11,377,620 | 13,768,393 | 17,573,937 | 20,148,003 | 506,446 | 3,156,399 | 1,902,049 | ||||||||||||||||||||||||||||||
|
JNL/T. Rowe
Price Short-Term
Bond Portfolio
|
JNL/T. Rowe
Price Value
Portfolio
|
JNL/UBS
Large Cap
Select Growth
Portfolio
|
JNL/WMC
Balanced
Portfolio
|
JNL/WMC
Money Market
Portfolio
|
JNL/WMC
Value
Portfolio
|
|||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (135,021 | ) | $ | (76,288 | ) | $ | (346,241 | ) | $ | (214,244 | ) | $ | (695,685 | ) | $ | 176,331 | |||||||
|
Net realized gain (loss) on investments
|
135,700 | 619,932 | 2,525,615 | 2,112,015 | 135 | 1,484,664 | ||||||||||||||||||
|
Net change in unrealized appreciation
|
||||||||||||||||||||||||
|
(depreciation) on investments
|
154,565 | 5,684,098 | (269,135 | ) | 5,122,678 | - | 1,717,038 | |||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||
|
from operations
|
155,244 | 6,227,742 | 1,910,239 | 7,020,449 | (695,550 | ) | 3,378,033 | |||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
8,114,239 | 6,536,695 | 2,275,002 | 15,797,913 | 43,291,947 | 3,439,978 | ||||||||||||||||||
|
Surrenders and terminations
|
(1,926,404 | ) | (2,726,790 | ) | (1,268,171 | ) | (5,119,673 | ) | (6,315,764 | ) | (1,573,150 | ) | ||||||||||||
|
Transfers between portfolios
|
5,172,251 | 2,402,016 | (509,602 | ) | 5,221,965 | (31,813,465 | ) | (287,116 | ) | |||||||||||||||
|
Net annuitization transactions
|
- | (110,003 | ) | (16,180 | ) | (491,579 | ) | - | (20,201 | ) | ||||||||||||||
|
Policyholder charges (Note 3)
|
(233,518 | ) | (209,539 | ) | (167,171 | ) | (841,629 | ) | (373,259 | ) | (162,819 | ) | ||||||||||||
|
Net increase (decrease) in net assets from
|
||||||||||||||||||||||||
|
contract transactions
|
11,126,568 | 5,892,379 | 313,878 | 14,566,997 | 4,789,459 | 1,396,692 | ||||||||||||||||||
|
Net increase (decrease) in net assets
|
11,281,812 | 12,120,121 | 2,224,117 | 21,587,446 | 4,093,909 | 4,774,725 | ||||||||||||||||||
|
Net assets beginning of period
|
20,000,869 | 35,097,916 | 21,850,681 | 77,020,910 | 40,931,763 | 22,913,169 | ||||||||||||||||||
|
Net assets end of period
|
$ | 31,282,681 | $ | 47,218,037 | $ | 24,074,798 | $ | 98,608,356 | $ | 45,025,672 | $ | 27,687,894 | ||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
1,918,367 | 2,522,690 | 976,667 | 2,738,957 | 3,340,013 | 1,208,693 | ||||||||||||||||||
|
Units Issued
|
2,574,853 | 800,806 | 139,421 | 782,862 | 5,224,552 | 267,714 | ||||||||||||||||||
|
Units Redeemed
|
(1,520,238 | ) | (440,775 | ) | (144,989 | ) | (309,339 | ) | (4,875,287 | ) | (201,688 | ) | ||||||||||||
|
Units Outstanding at December 31, 2012
|
2,972,982 | 2,882,721 | 971,099 | 3,212,480 | 3,689,278 | 1,274,719 | ||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Changes in Net Assets
|
||||||||||||||||||||||||||||||||||||||||
|
For the Year Ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/American
|
JNL/American
|
|||||||||||||||||||||||||||||||||||||||
|
JNL Disciplined
|
JNL Disciplined
|
JNL Disciplined
|
JNL Institutional
|
JNL Institutional
|
JNL Institutional
|
JNL Institutional
|
Funds Blue Chip
|
JNL/American
|
Funds Global
|
|||||||||||||||||||||||||||||||
|
Growth
|
Moderate
|
Moderate
|
Alt 20
|
Alt 35
|
Alt 50
|
Alt 65
|
Income and
|
Funds Global
|
Small Capitalization
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Portfolio
|
Growth Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Portfolio
|
Growth Portfolio
|
Bond Portfolio
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (43,148 | ) | $ | (51,356 | ) | $ | (130,157 | ) | $ | (165,926 | ) | $ | (170,668 | ) | $ | (323,153 | ) | $ | (399,833 | ) | $ | (139,888 | ) | $ | (61,700 | ) | $ | (91,113 | ) | ||||||||||
|
Net realized gain (loss) on investments
|
197,655 | 297,648 | 1,223,491 | 234,206 | 159,252 | 296,716 | 539,036 | 123,524 | 73,454 | 149,809 | ||||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(777,623 | ) | (726,288 | ) | (2,047,227 | ) | (1,721,359 | ) | (2,319,161 | ) | (3,739,691 | ) | (3,658,511 | ) | (488,152 | ) | 29,321 | (1,921,027 | ) | |||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(623,116 | ) | (479,996 | ) | (953,893 | ) | (1,653,079 | ) | (2,330,577 | ) | (3,766,128 | ) | (3,519,308 | ) | (504,516 | ) | 41,075 | (1,862,331 | ) | |||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
3,930,127 | 9,223,207 | 11,122,863 | 15,141,639 | 23,250,096 | 23,235,890 | 8,009,474 | 13,746,621 | 8,099,602 | 5,146,715 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(306,773 | ) | (1,045,728 | ) | (1,518,508 | ) | (1,350,521 | ) | (523,625 | ) | (898,505 | ) | (2,725,728 | ) | (438,378 | ) | (429,290 | ) | (162,959 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
1,064,843 | 4,194,166 | 1,832,326 | 3,803,573 | 2,061,123 | 7,509,480 | 367,128 | 1,698,964 | 3,352,949 | (795,851 | ) | |||||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(89,325 | ) | (281,794 | ) | (288,877 | ) | (289,598 | ) | (330,353 | ) | (494,078 | ) | (244,205 | ) | (221,556 | ) | (170,831 | ) | (81,282 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
4,598,872 | 12,089,851 | 11,147,804 | 17,305,093 | 24,457,241 | 29,352,787 | 5,406,669 | 14,785,651 | 10,852,430 | 4,106,623 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
3,975,756 | 11,609,855 | 10,193,911 | 15,652,014 | 22,126,664 | 25,586,659 | 1,887,361 | 14,281,135 | 10,893,505 | 2,244,292 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
8,907,186 | 23,776,900 | 24,630,346 | 22,417,478 | 18,229,303 | 32,486,874 | 42,126,433 | 9,396,411 | 5,706,855 | 6,409,168 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 12,882,942 | $ | 35,386,755 | $ | 34,824,257 | $ | 38,069,492 | $ | 40,355,967 | $ | 58,073,533 | $ | 44,013,794 | $ | 23,677,546 | $ | 16,600,360 | $ | 8,653,460 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2010
|
1,036,416 | 2,448,593 | 2,702,881 | 1,600,520 | 1,236,822 | 2,140,218 | 2,674,819 | 913,530 | 552,064 | 581,255 | ||||||||||||||||||||||||||||||
|
Units Issued
|
716,513 | 1,561,276 | 2,696,041 | 1,416,169 | 1,825,977 | 2,119,940 | 719,593 | 1,675,042 | 1,353,147 | 708,408 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(180,960 | ) | (338,035 | ) | (1,487,003 | ) | (183,454 | ) | (172,057 | ) | (184,180 | ) | (394,731 | ) | (221,043 | ) | (341,900 | ) | (301,243 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
1,571,969 | 3,671,834 | 3,911,919 | 2,833,235 | 2,890,742 | 4,075,978 | 2,999,681 | 2,367,529 | 1,563,311 | 988,420 | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Changes in Net Assets
|
||||||||||||||||||||||||||||||||||||||||
|
For the Year Ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/American
|
JNL/American
|
JNL/BlackRock
|
JNL/Brookfield
|
JNL/Capital
|
JNL/Capital
|
JNL/Capital
|
||||||||||||||||||||||||||||||||||
|
Funds
|
Funds
|
JNL/American
|
Commodity
|
JNL/BlackRock
|
Global
|
Guardian Global
|
Guardian Global
|
Guardian U.S.
|
JNL/Eagle
|
|||||||||||||||||||||||||||||||
|
Growth-Income
|
International
|
Funds New
|
Securities
|
Global Allocation
|
Infrastructure
|
Balanced
|
Diversified
|
Growth Equity
|
Core Equity
|
|||||||||||||||||||||||||||||||
|
Portfolio
|
Portfolio
|
World Portfolio
|
Portfolio
|
Portfolio
|
Portfolio(a)
|
Portfolio
|
Research Portfolio
|
Portfolio
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (192,297 | ) | $ | (73,370 | ) | $ | (88,620 | ) | $ | (391,538 | ) | $ | (124,782 | ) | $ | (62 | ) | $ | (99,686 | ) | $ | (72,154 | ) | $ | (272,285 | ) | $ | (68,751 | ) | ||||||||||
|
Net realized gain (loss) on investments
|
27,995 | (137,056 | ) | (44,404 | ) | 1,019,573 | 22,465 | 38 | 41,548 | 166,007 | 563,142 | 55,179 | ||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(912,721 | ) | (1,806,743 | ) | (1,654,962 | ) | (4,485,704 | ) | (587,321 | ) | 1,365 | (1,173,980 | ) | (785,547 | ) | (580,299 | ) | (190,575 | ) | |||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(1,077,023 | ) | (2,017,169 | ) | (1,787,986 | ) | (3,857,669 | ) | (689,638 | ) | 1,341 | (1,232,118 | ) | (691,694 | ) | (289,442 | ) | (204,147 | ) | |||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
18,072,215 | 7,690,620 | 7,679,989 | 12,024,922 | 9,926,977 | 29,753 | 3,182,311 | 1,453,043 | 3,763,913 | 2,486,045 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(395,043 | ) | (221,438 | ) | (317,483 | ) | (1,839,274 | ) | (347,405 | ) | - | (1,442,946 | ) | (439,771 | ) | (1,066,675 | ) | (747,472 | ) | |||||||||||||||||||||
|
Transfers between portfolios
|
3,803,880 | 1,821,291 | 2,492,354 | 2,461,950 | 2,538,015 | 319,264 | 132,182 | (536,887 | ) | (462,713 | ) | 493,891 | ||||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | (4,384 | ) | - | - | - | - | - | - | |||||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(274,650 | ) | (111,365 | ) | (109,647 | ) | (248,410 | ) | (146,909 | ) | (73 | ) | (97,616 | ) | (55,855 | ) | (119,083 | ) | (44,847 | ) | ||||||||||||||||||||
|
Net increase (decrease) in net assets from
|
||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
21,206,402 | 9,179,108 | 9,745,213 | 12,394,804 | 11,970,678 | 348,944 | 1,773,931 | 420,530 | 2,115,442 | 2,187,617 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
20,129,379 | 7,161,939 | 7,957,227 | 8,537,135 | 11,281,040 | 350,285 | 541,813 | (271,164 | ) | 1,826,000 | 1,983,470 | |||||||||||||||||||||||||||||
|
Net assets beginning of period
|
9,854,110 | 4,824,671 | 5,159,733 | 31,623,300 | 7,298,193 | - | 18,133,177 | 11,063,356 | 20,024,681 | 5,549,587 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 29,983,489 | $ | 11,986,610 | $ | 13,116,960 | $ | 40,160,435 | $ | 18,579,233 | $ | 350,285 | $ | 18,674,990 | $ | 10,792,192 | $ | 21,850,681 | $ | 7,533,057 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2010
|
952,515 | 449,274 | 458,931 | 2,830,894 | 707,594 | - | 1,567,859 | 481,535 | 908,743 | 353,553 | ||||||||||||||||||||||||||||||
|
Units Issued
|
2,251,023 | 1,025,829 | 1,118,584 | 1,816,322 | 1,344,473 | 35,690 | 425,816 | 94,666 | 254,026 | 238,695 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(191,867 | ) | (150,798 | ) | (194,704 | ) | (708,281 | ) | (149,909 | ) | (1,848 | ) | (272,044 | ) | (85,283 | ) | (186,102 | ) | (110,196 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
3,011,671 | 1,324,305 | 1,382,811 | 3,938,935 | 1,902,158 | 33,842 | 1,721,631 | 490,918 | 976,667 | 482,052 | ||||||||||||||||||||||||||||||
|
(a) Commencement of operations December 12, 2011.
|
||||||||||||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Changes in Net Assets
|
||||||||||||||||||||||||||||||||||||||||
|
For the Year Ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/Eagle
SmallCap Equity
Portfolio
|
JNL/Franklin
Templeton Founding
Strategy Portfolio
|
JNL/Franklin
Templeton
Global Growth
Portfolio
|
JNL/Franklin
Templeton Global
Multisector Bond
Portfolio(a)
|
JNL/Franklin
Templeton
Income Portfolio
|
JNL/Franklin
Templeton Inter-
national Small Cap
Growth Portfolio
|
JNL/Franklin
Templeton Mutual
Shares Portfolio
|
JNL/Franklin
Templeton
Small Cap
Value Portfolio
|
JNL/
Goldman Sachs
Core Plus
Bond Portfolio
|
JNL/Goldman
Sachs Emerging
Markets Debt
Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (569,178 | ) | $ | (81,182 | ) | $ | (68,474 | ) | $ | - | $ | 1,641,720 | $ | (12,807 | ) | $ | 213,292 | $ | (179,393 | ) | $ | 120,831 | $ | 628,676 | |||||||||||||||
|
Net realized gain (loss) on investments
|
3,878,778 | 392,221 | (23,072 | ) | - | 609,413 | 212,930 | 253,856 | 581,411 | 1,374,893 | 671,608 | |||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(5,443,996 | ) | (2,387,698 | ) | (952,827 | ) | - | (2,095,475 | ) | (1,806,554 | ) | (972,922 | ) | (819,214 | ) | (294,254 | ) | (2,641,681 | ) | |||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(2,134,396 | ) | (2,076,659 | ) | (1,044,373 | ) | - | 155,658 | (1,606,431 | ) | (505,774 | ) | (417,196 | ) | 1,201,470 | (1,341,397 | ) | |||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
11,926,687 | 11,441,170 | 3,029,767 | - | 16,271,078 | 2,443,809 | 6,321,439 | 5,130,400 | 6,187,876 | 4,991,421 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(1,625,849 | ) | (2,899,013 | ) | (880,372 | ) | - | (4,595,595 | ) | (235,738 | ) | (1,252,305 | ) | (612,123 | ) | (1,782,924 | ) | (599,866 | ) | |||||||||||||||||||||
|
Transfers between portfolios
|
1,044,082 | (1,778,878 | ) | 1,740,675 | - | 1,908,196 | (111,634 | ) | 933,983 | (842,414 | ) | 1,085,686 | (151,275 | ) | ||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | - | - | - | - | - | (1,137 | ) | |||||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(189,846 | ) | (358,535 | ) | (80,542 | ) | - | (420,337 | ) | (59,301 | ) | (175,031 | ) | (105,714 | ) | (171,189 | ) | (146,078 | ) | |||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
11,155,074 | 6,404,744 | 3,809,528 | - | 13,163,342 | 2,037,136 | 5,828,086 | 3,570,149 | 5,319,449 | 4,093,065 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
9,020,678 | 4,328,085 | 2,765,155 | - | 13,319,000 | 430,705 | 5,322,312 | 3,152,953 | 6,520,919 | 2,751,668 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
29,936,116 | 57,185,476 | 9,349,260 | - | 53,897,459 | 8,310,775 | 17,073,033 | 13,063,817 | 23,678,347 | 14,481,626 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 38,956,794 | $ | 61,513,561 | $ | 12,114,415 | $ | - | $ | 67,216,459 | $ | 8,741,480 | $ | 22,395,345 | $ | 16,216,770 | $ | 30,199,266 | $ | 17,233,294 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2010
|
1,107,065 | 6,588,284 | 1,188,452 | - | 4,941,355 | 1,043,553 | 2,068,582 | 1,037,531 | 1,083,581 | 1,086,663 | ||||||||||||||||||||||||||||||
|
Units Issued
|
984,432 | 1,990,996 | 712,848 | - | 2,173,405 | 534,035 | 1,138,585 | 643,420 | 521,604 | 646,974 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(601,283 | ) | (1,284,389 | ) | (235,886 | ) | - | (1,014,400 | ) | (275,264 | ) | (435,888 | ) | (336,008 | ) | (295,146 | ) | (355,392 | ) | |||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
1,490,214 | 7,294,891 | 1,665,414 | - | 6,100,360 | 1,302,324 | 2,771,279 | 1,344,943 | 1,310,039 | 1,378,245 | ||||||||||||||||||||||||||||||
|
(a) Commencement of operations December 12, 2011.
|
||||||||||||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Changes in Net Assets
|
||||||||||||||||||||||||||||||||||||||||
|
For the Year Ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/
Goldman Sachs
Mid Cap
Value Portfolio
|
JNL/Goldman
Sachs U.S.
Equity Flex
Portfolio
|
JNL/Invesco
Global Real Estate
Portfolio
|
JNL/Invesco
International
Growth Portfolio
|
JNL/Invesco
Large Cap
Growth Portfolio
|
JNL/Invesco
Small Cap
Growth Portfolio
|
JNL/Ivy
Asset Strategy
Portfolio
|
JNL/JPMorgan
International
Value Portfolio
|
JNL/JPMorgan
MidCap Growth
Portfolio
|
JNL/JPMorgan
U.S. Government
& Quality Bond
Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (114,812 | ) | $ | (81,688 | ) | $ | 202,658 | $ | (172,027 | ) | $ | (236,031 | ) | $ | (186,064 | ) | $ | (639,121 | ) | $ | 230,106 | $ | (312,424 | ) | $ | 292,857 | |||||||||||||
|
Net realized gain (loss) on investments
|
858,687 | 13,017 | (112,238 | ) | 149,080 | 589,825 | 751,685 | 218,782 | (1,956,253 | ) | 1,432,347 | 573,920 | ||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(2,233,766 | ) | (658,329 | ) | (1,929,432 | ) | (1,620,755 | ) | (2,007,500 | ) | (1,694,091 | ) | (5,051,118 | ) | (2,109,131 | ) | (2,887,937 | ) | 1,284,344 | |||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(1,489,891 | ) | (727,000 | ) | (1,839,012 | ) | (1,643,702 | ) | (1,653,706 | ) | (1,128,470 | ) | (5,471,457 | ) | (3,835,278 | ) | (1,768,014 | ) | 2,151,121 | |||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
6,286,104 | 766,938 | 6,547,668 | 4,874,271 | 4,315,826 | 3,566,212 | 21,381,188 | 3,203,538 | 3,073,873 | 8,522,818 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(440,022 | ) | (180,257 | ) | (828,406 | ) | (1,232,389 | ) | (1,023,272 | ) | (926,678 | ) | (1,138,777 | ) | (1,244,228 | ) | (1,467,490 | ) | (2,816,580 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
6,727,363 | (143,480 | ) | (1,225,700 | ) | (1,725,151 | ) | 884,912 | (148,080 | ) | 8,826,484 | 1,127,019 | 570,869 | 3,696,936 | ||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | - | - | (4,728 | ) | (25,578 | ) | - | (450,471 | ) | |||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(117,610 | ) | (36,694 | ) | (124,341 | ) | (110,286 | ) | (105,208 | ) | (56,596 | ) | (498,449 | ) | (83,742 | ) | (75,296 | ) | (204,787 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
12,455,835 | 406,507 | 4,369,221 | 1,806,445 | 4,072,258 | 2,434,858 | 28,565,718 | 2,977,009 | 2,101,956 | 8,747,916 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
10,965,944 | (320,493 | ) | 2,530,209 | 162,743 | 2,418,552 | 1,306,388 | 23,094,261 | (858,269 | ) | 333,942 | 10,899,037 | ||||||||||||||||||||||||||||
|
Net assets beginning of period
|
11,927,668 | 5,597,727 | 16,691,213 | 18,690,943 | 13,781,275 | 9,681,115 | 30,214,491 | 18,236,946 | 19,305,101 | 24,533,169 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 22,893,612 | $ | 5,277,234 | $ | 19,221,422 | $ | 18,853,686 | $ | 16,199,827 | $ | 10,987,503 | $ | 53,308,752 | $ | 17,378,677 | $ | 19,639,043 | $ | 35,432,206 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2010
|
913,592 | 649,725 | 1,354,231 | 1,181,437 | 1,123,950 | 637,395 | 2,696,388 | 1,431,547 | 883,839 | 1,348,797 | ||||||||||||||||||||||||||||||
|
Units Issued
|
1,188,652 | 193,489 | 838,837 | 434,187 | 857,356 | 668,214 | 2,810,121 | 846,447 | 355,348 | 940,962 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(199,896 | ) | (146,917 | ) | (505,212 | ) | (332,173 | ) | (548,227 | ) | (562,259 | ) | (281,727 | ) | (692,075 | ) | (293,717 | ) | (499,217 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
1,902,348 | 696,297 | 1,687,856 | 1,283,451 | 1,433,079 | 743,350 | 5,224,782 | 1,585,919 | 945,470 | 1,790,542 | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Changes in Net Assets
|
||||||||||||||||||||||||||||||||||||||||
|
For the Year Ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/Lazard
Emerging Markets
Portfolio
|
JNL/Lazard
Mid Cap
Equity Portfolio
|
JNL/M&G
Global Basics
Portfolio
|
JNL/M&G
Global Leaders
Portfolio
|
JNL/MCM
10 x 10
Portfolio
|
JNL/MCM
25 Portfolio
|
JNL/MCM
Bond Index
Portfolio
|
JNL/MCM
Communications
Sector Portfolio
|
JNL/MCM
Consumer Brands
Sector Portfolio
|
JNL/MCM
Dow Dividend
Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (275,904 | ) | $ | (140,289 | ) | $ | (28,749 | ) | $ | (13,279 | ) | $ | (17,570 | ) | $ | 191,444 | $ | 343,223 | $ | 64,250 | $ | (42,856 | ) | $ | 281,615 | ||||||||||||||
|
Net realized gain (loss) on investments
|
2,108,870 | 168,243 | 63,740 | 142,505 | 162,167 | 1,626,366 | 589,727 | 27,350 | 205,670 | (399,389 | ) | |||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(11,983,217 | ) | (1,053,757 | ) | (359,888 | ) | (363,923 | ) | (1,475,553 | ) | (299,409 | ) | 366,651 | (332,919 | ) | (52,060 | ) | 936,900 | ||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(10,150,251 | ) | (1,025,803 | ) | (324,897 | ) | (234,697 | ) | (1,330,956 | ) | 1,518,401 | 1,299,601 | (241,319 | ) | 110,754 | 819,126 | ||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
10,609,313 | 3,113,410 | 983,113 | 1,032,171 | 6,862,031 | 3,878,184 | 3,924,543 | 1,193,091 | 1,558,458 | 4,945,844 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(2,186,872 | ) | (1,156,972 | ) | (117,284 | ) | (34,663 | ) | (1,522,506 | ) | (1,297,113 | ) | (2,171,658 | ) | (189,667 | ) | (146,736 | ) | (761,046 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
(13,713,217 | ) | (582,150 | ) | 367,255 | (157,272 | ) | (1,179,651 | ) | (8,323,579 | ) | 2,715,514 | 1,251,964 | 774,042 | (547,507 | ) | ||||||||||||||||||||||||
|
Net annuitization transactions
|
(4,966 | ) | - | - | - | - | - | - | - | (24,291 | ) | (32,253 | ) | |||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(323,598 | ) | (60,345 | ) | (16,761 | ) | (12,087 | ) | (170,070 | ) | (85,216 | ) | (87,722 | ) | (23,316 | ) | (27,051 | ) | (105,753 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
(5,619,340 | ) | 1,313,943 | 1,216,323 | 828,149 | 3,989,804 | (5,827,724 | ) | 4,380,677 | 2,232,072 | 2,134,422 | 3,499,285 | ||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
(15,769,591 | ) | 288,140 | 891,426 | 593,452 | 2,658,848 | (4,309,323 | ) | 5,680,278 | 1,990,753 | 2,245,176 | 4,318,411 | ||||||||||||||||||||||||||||
|
Net assets beginning of period
|
56,930,536 | 13,799,529 | 1,664,376 | 1,296,831 | 28,350,841 | 26,660,420 | 22,460,718 | 4,063,362 | 3,220,260 | 17,318,096 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 41,160,945 | $ | 14,087,669 | $ | 2,555,802 | $ | 1,890,283 | $ | 31,009,689 | $ | 22,351,097 | $ | 28,140,996 | $ | 6,054,115 | $ | 5,465,436 | $ | 21,636,507 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2010
|
4,060,448 | 716,317 | 113,388 | 103,443 | 3,273,453 | 1,940,572 | 1,725,391 | 746,329 | 286,581 | 2,557,810 | ||||||||||||||||||||||||||||||
|
Units Issued
|
1,243,739 | 231,466 | 124,328 | 123,539 | 991,136 | 681,907 | 650,156 | 1,171,414 | 406,873 | 1,151,117 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(1,686,228 | ) | (165,901 | ) | (37,493 | ) | (53,613 | ) | (554,752 | ) | (1,102,539 | ) | (331,242 | ) | (735,602 | ) | (230,834 | ) | (641,532 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
3,617,959 | 781,882 | 200,223 | 173,369 | 3,709,837 | 1,519,940 | 2,044,305 | 1,182,141 | 462,620 | 3,067,395 | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Statements of Changes in Net Assets
|
||||||||||||||||||||||||||||||||||||||||
|
For the Year Ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/MCM
Emerging Markets
Index Portfolio(a)
|
JNL/MCM
European 30
Portfolio
|
JNL/MCM
Financial
Sector Portfolio
|
JNL/MCM
Global Alpha
Portfolio
|
JNL/MCM
Healthcare
Sector Portfolio
|
JNL/MCM
Index 5
Portfolio
|
JNL/MCM
International
Index Portfolio
|
JNL/MCM
JNL 5
Portfolio
|
JNL/MCM
JNL Optimized
5 Portfolio
|
JNL/MCM
Nasdaq 25
Portfolio
|
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (21 | ) | $ | 6,452 | $ | (118,104 | ) | $ | (11,409 | ) | $ | (103,600 | ) | $ | (195,808 | ) | $ | 336,218 | $ | 3,655,629 | $ | 75,515 | $ | (74,966 | ) | ||||||||||||||
|
Net realized gain (loss) on investments
|
- | 85,388 | 7,631 | 32,863 | 425,765 | 641,909 | (950,740 | ) | (11,457,932 | ) | (104,422 | ) | 320,621 | |||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(405 | ) | (238,093 | ) | (1,606,161 | ) | 4,766 | 753,815 | (2,155,084 | ) | (4,544,059 | ) | (1,152,747 | ) | (4,063,834 | ) | (217,300 | ) | ||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(426 | ) | (146,253 | ) | (1,716,634 | ) | 26,220 | 1,075,980 | (1,708,983 | ) | (5,158,581 | ) | (8,955,050 | ) | (4,092,741 | ) | 28,355 | |||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
38,472 | 435,627 | 2,040,376 | 1,020,185 | 5,074,526 | 13,905,311 | 5,464,143 | 12,582,781 | 3,065,324 | 1,434,130 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(31 | ) | (69,818 | ) | (609,108 | ) | (37,650 | ) | (829,803 | ) | (1,148,133 | ) | (3,417,919 | ) | (19,195,144 | ) | (1,415,091 | ) | (225,821 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
75,168 | (21,298 | ) | 692,937 | 181,549 | 1,819,808 | 2,157,719 | 534,328 | (14,324,177 | ) | (541,611 | ) | 153,094 | |||||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | - | - | (7,727 | ) | (224,608 | ) | - | - | ||||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
- | (11,784 | ) | (57,394 | ) | (15,704 | ) | (98,876 | ) | (188,945 | ) | (133,295 | ) | (442,354 | ) | (140,264 | ) | (28,076 | ) | |||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
113,609 | 332,727 | 2,066,811 | 1,148,380 | 5,965,655 | 14,725,952 | 2,439,530 | (21,603,502 | ) | 968,358 | 1,333,327 | |||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
113,183 | 186,474 | 350,177 | 1,174,600 | 7,041,635 | 13,016,969 | (2,719,051 | ) | (30,558,552 | ) | (3,124,383 | ) | 1,361,682 | |||||||||||||||||||||||||||
|
Net assets beginning of period
|
- | 1,305,737 | 9,304,134 | 917,015 | 11,108,208 | 29,866,828 | 34,076,029 | 255,346,979 | 33,785,801 | 5,544,742 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 113,183 | $ | 1,492,211 | $ | 9,654,311 | $ | 2,091,615 | $ | 18,149,843 | $ | 42,883,797 | $ | 31,356,978 | $ | 224,788,427 | $ | 30,661,418 | $ | 6,906,424 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2010
|
- | 109,176 | 1,247,372 | 89,304 | 971,115 | 3,123,404 | 2,261,041 | 23,278,571 | 3,516,407 | 500,625 | ||||||||||||||||||||||||||||||
|
Units Issued
|
12,530 | 77,630 | 2,677,756 | 139,937 | 1,015,195 | 1,804,521 | 737,174 | 1,751,428 | 709,545 | 395,046 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(3 | ) | (50,023 | ) | (2,415,702 | ) | (27,893 | ) | (537,389 | ) | (275,612 | ) | (596,010 | ) | (3,780,321 | ) | (624,980 | ) | (275,457 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
12,527 | 136,783 | 1,509,426 | 201,348 | 1,448,921 | 4,652,313 | 2,402,205 | 21,249,678 | 3,600,972 | 620,214 | ||||||||||||||||||||||||||||||
|
(a) Commencement of operations August 29, 2011.
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/MCM
NYSE International 25 Portfolio |
JNL/MCM
Oil & Gas Sector Portfolio |
JNL/MCM
Pacific Rim 30 Portfolio |
JNL/MCM
S&P 24 Portfolio |
JNL/MCM
S&P 400 MidCap Index Portfolio |
JNL/MCM
S&P 500 Index Portfolio |
JNL/MCM
S&P SMid 60 Portfolio |
JNL/MCM
Select Small-Cap Portfolio |
JNL/MCM
Small Cap Index Portfolio |
JNL/MCM
Technology Sector Portfolio |
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | 40,618 | $ | (353,344 | ) | $ | (4,174 | ) | $ | (21,185 | ) | $ | (382,645 | ) | $ | 435,741 | $ | (98,431 | ) | $ | (40,621 | ) | $ | (282,066 | ) | $ | (329,972 | ) | ||||||||||||
|
Net realized gain (loss) on investments
|
(201,959 | ) | 1,349,302 | 231,094 | 45,428 | 3,100,479 | 2,407,797 | 784,102 | (507,488 | ) | 2,194,552 | 2,182,597 | ||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(1,595,909 | ) | (1,354,684 | ) | (301,672 | ) | 41,766 | (4,248,170 | ) | (3,475,197 | ) | (1,780,557 | ) | 522,757 | (3,786,988 | ) | (2,512,658 | ) | ||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(1,757,250 | ) | (358,726 | ) | (74,752 | ) | 66,009 | (1,530,336 | ) | (631,659 | ) | (1,094,886 | ) | (25,352 | ) | (1,874,502 | ) | (660,033 | ) | |||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
915,366 | 10,812,484 | 1,178,941 | 446,232 | 6,056,238 | 14,441,334 | 1,608,953 | 1,057,755 | 4,445,554 | 5,505,963 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(260,770 | ) | (2,394,673 | ) | (166,168 | ) | (44,068 | ) | (3,786,727 | ) | (5,662,667 | ) | (370,916 | ) | (612,368 | ) | (3,185,836 | ) | (760,030 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
349,274 | 2,565,949 | (1,075,385 | ) | 292,176 | (1,064,625 | ) | 21,605,106 | 56,101 | (1,055,518 | ) | (1,019,831 | ) | (2,483,615 | ) | |||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(22,059 | ) | (233,130 | ) | (26,331 | ) | (7,046 | ) | (116,306 | ) | (524,741 | ) | (32,375 | ) | (19,756 | ) | (87,191 | ) | (132,085 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
981,811 | 10,750,630 | (88,943 | ) | 687,294 | 1,088,580 | 29,859,032 | 1,261,763 | (629,887 | ) | 152,696 | 2,130,233 | ||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
(775,439 | ) | 10,391,904 | (163,695 | ) | 753,303 | (441,756 | ) | 29,227,373 | 166,877 | (655,239 | ) | (1,721,806 | ) | 1,470,200 | |||||||||||||||||||||||||
|
Net assets beginning of period
|
6,019,564 | 30,493,279 | 3,375,534 | 1,552,338 | 35,870,995 | 65,927,693 | 11,166,607 | 8,067,684 | 31,065,969 | 19,316,718 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 5,244,125 | $ | 40,885,183 | $ | 3,211,839 | $ | 2,305,641 | $ | 35,429,239 | $ | 95,155,066 | $ | 11,333,484 | $ | 7,412,445 | $ | 29,344,163 | $ | 20,786,918 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2010
|
730,488 | 993,661 | 259,887 | 162,583 | 2,175,353 | 6,111,514 | 976,568 | 638,919 | 2,092,402 | 2,843,086 | ||||||||||||||||||||||||||||||
|
Units Issued
|
305,633 | 801,581 | 143,547 | 113,223 | 663,488 | 4,390,757 | 335,207 | 145,006 | 509,271 | 2,745,823 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(185,721 | ) | (493,072 | ) | (147,414 | ) | (42,407 | ) | (620,755 | ) | (1,655,339 | ) | (221,800 | ) | (201,425 | ) | (507,191 | ) | (2,489,600 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
850,400 | 1,302,170 | 256,020 | 233,399 | 2,218,086 | 8,846,932 | 1,089,975 | 582,500 | 2,094,482 | 3,099,309 | ||||||||||||||||||||||||||||||
|
JNL/MCM
Value Line 30 Portfolio |
JNL/MCM
VIP Portfolio |
JNL/
Oppenheimer Global Growth Portfolio |
JNL/PAM
Asia ex-Japan Portfolio |
JNL/PAM
China-India Portfolio |
JNL/PIMCO
Real Return Portfolio |
JNL/PIMCO
Total Return Bond Portfolio |
JNL/PPM
America Floating Rate Income Portfolio |
JNL/
PPM America High Yield Bond Portfolio |
JNL/
PPM America Mid Cap Value Portfolio |
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (579,632 | ) | $ | (38,639 | ) | $ | (242,860 | ) | $ | (92,385 | ) | $ | (270,883 | ) | $ | (362,676 | ) | $ | 2,671,585 | $ | (36,754 | ) | $ | 2,573,396 | $ | (51,917 | ) | ||||||||||||
|
Net realized gain (loss) on investments
|
(1,467,707 | ) | (700,254 | ) | 155,968 | 898,161 | 1,398,753 | 3,959,714 | 618,631 | (58,952 | ) | 1,205,448 | 106,414 | |||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(7,092,780 | ) | 173,810 | (2,706,797 | ) | (2,853,575 | ) | (8,309,173 | ) | 1,816,291 | 1,798,849 | 37,466 | (2,400,116 | ) | (493,446 | ) | ||||||||||||||||||||||||
| Net increase (decrease) in net assets | ||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(9,140,119 | ) | (565,083 | ) | (2,793,689 | ) | (2,047,799 | ) | (7,181,303 | ) | 5,413,329 | 5,089,065 | (58,240 | ) | 1,378,728 | (438,949 | ) | |||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
1,642,446 | 1,713,625 | 6,657,149 | 1,942,966 | 6,732,945 | 19,255,097 | 44,664,632 | 5,247,091 | 11,520,272 | 1,265,373 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(2,280,646 | ) | (662,668 | ) | (1,259,745 | ) | (283,587 | ) | (635,739 | ) | (3,482,823 | ) | (11,964,074 | ) | (31,387 | ) | (2,772,506 | ) | (91,438 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
7,148,859 | (964,815 | ) | 1,610,432 | (999,110 | ) | (850,918 | ) | 9,640,694 | (765,468 | ) | 673,986 | 1,943,688 | 120,769 | ||||||||||||||||||||||||||
|
Net annuitization transactions
|
(4,483 | ) | - | - | - | - | (12,228 | ) | (1,106 | ) | - | - | - | |||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(60,718 | ) | (32,794 | ) | (135,121 | ) | (54,656 | ) | (160,710 | ) | (467,079 | ) | (1,327,791 | ) | (23,863 | ) | (249,200 | ) | (34,330 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
6,445,458 | 53,348 | 6,872,715 | 605,613 | 5,085,578 | 24,933,661 | 30,606,193 | 5,865,827 | 10,442,254 | 1,260,374 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
(2,694,661 | ) | (511,735 | ) | 4,079,026 | (1,442,186 | ) | (2,095,725 | ) | 30,346,990 | 35,695,258 | 5,807,587 | 11,820,982 | 821,425 | ||||||||||||||||||||||||||
|
Net assets beginning of period
|
31,853,672 | 11,904,511 | 21,461,730 | 9,192,808 | 21,617,761 | 45,867,748 | 155,395,705 | - | 38,138,201 | 2,878,712 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 29,159,011 | $ | 11,392,776 | $ | 25,540,756 | $ | 7,750,622 | $ | 19,522,036 | $ | 76,214,738 | $ | 191,090,963 | $ | 5,807,587 | $ | 49,959,183 | $ | 3,700,137 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2010
|
2,563,555 | 1,069,134 | 1,569,805 | 975,198 | 2,520,101 | 3,628,265 | 8,811,512 | - | 2,558,222 | 276,200 | ||||||||||||||||||||||||||||||
|
Units Issued
|
1,129,731 | 221,986 | 739,264 | 437,901 | 1,470,853 | 2,607,961 | 3,445,033 | 790,659 | 1,921,908 | 266,254 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(603,956 | ) | (211,441 | ) | (249,619 | ) | (353,379 | ) | (783,506 | ) | (758,222 | ) | (1,831,609 | ) | (204,600 | ) | (1,248,938 | ) | (152,872 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
3,089,330 | 1,079,679 | 2,059,450 | 1,059,720 | 3,207,448 | 5,478,004 | 10,424,936 | 586,059 | 3,231,192 | 389,582 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
JNL/
PPM America Small Cap Value Portfolio |
JNL/
PPM America Value Equity Portfolio |
JNL/
Red Rocks Listed Private Equity Portfolio |
JNL/S&P 4
Portfolio |
JNL/S&P
Competitive Advantage Portfolio |
JNL/S&P
Dividend Income & Growth Portfolio |
JNL/S&P
Intrinsic Value Portfolio |
JNL/
S&P Managed Aggressive Growth Portfolio |
JNL/
S&P Managed Conservative Portfolio |
JNL/
S&P Managed Growth Portfolio |
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | (37,328 | ) | $ | (19,295 | ) | $ | 810,483 | $ | 1,606,336 | $ | (51,628 | ) | $ | 51,137 | $ | (51,757 | ) | $ | (799,788 | ) | $ | 649,250 | $ | (1,647,932 | ) | ||||||||||||||
|
Net realized gain (loss) on investments
|
313,086 | 121,165 | 413,338 | 2,800,548 | 960,225 | 1,036,145 | 378,372 | 1,871,139 | 2,296,866 | 3,623,215 | ||||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(543,059 | ) | (348,137 | ) | (4,471,121 | ) | (2,490,691 | ) | (706,741 | ) | 816,192 | (1,541,317 | ) | (6,625,446 | ) | (1,582,996 | ) | (11,928,207 | ) | |||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(267,301 | ) | (246,267 | ) | (3,247,300 | ) | 1,916,193 | 201,856 | 1,903,474 | (1,214,702 | ) | (5,554,095 | ) | 1,363,120 | (9,952,924 | ) | ||||||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
907,970 | 596,528 | 3,734,797 | 9,531,039 | 756,489 | 8,058,709 | 2,629,962 | 11,525,292 | 24,360,606 | 40,116,321 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(63,450 | ) | (509,086 | ) | (586,448 | ) | (1,950,017 | ) | (216,659 | ) | (617,998 | ) | (430,434 | ) | (8,684,852 | ) | (7,848,230 | ) | (11,517,781 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
(40,709 | ) | (1,068,838 | ) | 3,636,473 | (2,806,666 | ) | (2,077,751 | ) | 7,421,151 | 10,287,726 | 1,609,750 | 442,788 | (1,871,343 | ) | |||||||||||||||||||||||||
|
Net annuitization transactions
|
- | - | - | - | - | - | - | (4,861 | ) | - | - | |||||||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(28,371 | ) | (21,099 | ) | (91,627 | ) | (209,674 | ) | (18,014 | ) | (174,267 | ) | (43,235 | ) | (372,227 | ) | (722,035 | ) | (954,427 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
775,440 | (1,002,495 | ) | 6,693,195 | 4,564,682 | (1,555,935 | ) | 14,687,595 | 12,444,019 | 4,073,102 | 16,233,129 | 25,772,770 | ||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
508,139 | (1,248,762 | ) | 3,445,895 | 6,480,875 | (1,354,079 | ) | 16,591,069 | 11,229,317 | (1,480,993 | ) | 17,596,249 | 15,819,846 | |||||||||||||||||||||||||||
|
Net assets beginning of period
|
2,589,196 | 5,414,150 | 5,977,442 | 46,655,478 | 5,117,229 | 11,456,915 | 4,508,146 | 69,459,420 | 88,158,503 | 168,908,532 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 3,097,335 | $ | 4,165,388 | $ | 9,423,337 | $ | 53,136,353 | $ | 3,763,150 | $ | 28,047,984 | $ | 15,737,463 | $ | 67,978,427 | $ | 105,754,752 | $ | 184,728,378 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2010
|
249,923 | 394,928 | 587,609 | 4,471,298 | 474,282 | 1,136,030 | 414,392 | 4,957,226 | 7,440,699 | 11,485,332 | ||||||||||||||||||||||||||||||
|
Units Issued
|
204,566 | 96,795 | 1,474,031 | 1,571,797 | 492,360 | 2,077,503 | 1,718,789 | 2,897,829 | 2,830,046 | 4,041,597 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(124,646 | ) | (171,640 | ) | (911,400 | ) | (1,158,157 | ) | (648,372 | ) | (697,985 | ) | (753,841 | ) | (2,728,757 | ) | (1,485,610 | ) | (2,423,113 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
329,843 | 320,083 | 1,150,240 | 4,884,938 | 318,270 | 2,515,548 | 1,379,340 | 5,126,298 | 8,785,135 | 13,103,816 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
JNL/
S&P Managed Moderate Portfolio |
JNL/
S&P Managed Moderate Growth Portfolio |
JNL/S&P
Total Yield Portfolio |
JNL/T. Rowe
Price Established Growth Portfolio |
JNL/T. Rowe
Price Mid-Cap Growth Portfolio |
JNL/T. Rowe
Price Short-Term Bond Portfolio |
JNL/T. Rowe
Price Value Portfolio |
JNL/WMC
Balanced Portfolio |
JNL/WMC
Money Market Portfolio |
JNL/WMC
Value Portfolio |
|||||||||||||||||||||||||||||||
|
Operations
|
||||||||||||||||||||||||||||||||||||||||
|
Net investment income (loss)
|
$ | 567,368 | $ | 88,258 | $ | (8,985 | ) | $ | (979,195 | ) | $ | (1,159,432 | ) | $ | (61,918 | ) | $ | (51,839 | ) | $ | (248,252 | ) | $ | (584,033 | ) | $ | (121,941 | ) | ||||||||||||
|
Net realized gain (loss) on investments
|
3,142,139 | 6,908,538 | 95,491 | 1,924,263 | 9,252,257 | (1,235 | ) | (66,621 | ) | 914,609 | 324 | 360,193 | ||||||||||||||||||||||||||||
| Net change in unrealized appreciation | ||||||||||||||||||||||||||||||||||||||||
|
(depreciation) on investments
|
(5,661,360 | ) | (15,182,441 | ) | (367,102 | ) | (3,379,476 | ) | (10,850,935 | ) | (1,436 | ) | (1,266,310 | ) | 332,819 | - | (1,137,830 | ) | ||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
||||||||||||||||||||||||||||||||||||||||
|
from operations
|
(1,951,853 | ) | (8,185,645 | ) | (280,596 | ) | (2,434,408 | ) | (2,758,110 | ) | (64,589 | ) | (1,384,770 | ) | 999,176 | (583,709 | ) | (899,578 | ) | |||||||||||||||||||||
|
Contract transactions 1
|
||||||||||||||||||||||||||||||||||||||||
|
Purchase payments (Note 4)
|
45,817,231 | 64,141,307 | 1,032,915 | 13,458,483 | 14,974,889 | 6,514,391 | 6,042,973 | 22,027,862 | 43,625,361 | 4,848,995 | ||||||||||||||||||||||||||||||
|
Surrenders and terminations
|
(9,457,762 | ) | (14,501,478 | ) | (50,039 | ) | (4,318,191 | ) | (4,284,209 | ) | (1,173,668 | ) | (2,583,889 | ) | (3,672,215 | ) | (10,664,313 | ) | (1,132,734 | ) | ||||||||||||||||||||
|
Transfers between portfolios
|
3,467,800 | 7,040,293 | 391,433 | 5,491,525 | (570,000 | ) | 1,091,963 | 2,559,882 | 2,159,090 | (16,551,079 | ) | 890,164 | ||||||||||||||||||||||||||||
|
Net annuitization transactions
|
(55,499 | ) | (127,547 | ) | - | - | (2,438 | ) | - | - | (18,745 | ) | - | (1,197 | ) | |||||||||||||||||||||||||
|
Policyholder charges (Note 3)
|
(1,238,496 | ) | (1,622,100 | ) | (25,214 | ) | (344,413 | ) | (343,142 | ) | (137,336 | ) | (135,529 | ) | (552,670 | ) | (275,251 | ) | (111,174 | ) | ||||||||||||||||||||
| Net increase (decrease) in net assets from | ||||||||||||||||||||||||||||||||||||||||
|
contract transactions
|
38,533,274 | 54,930,475 | 1,349,095 | 14,287,404 | 9,775,100 | 6,295,350 | 5,883,437 | 19,943,322 | 16,134,718 | 4,494,054 | ||||||||||||||||||||||||||||||
|
Net increase (decrease) in net assets
|
36,581,421 | 46,744,830 | 1,068,499 | 11,852,996 | 7,016,990 | 6,230,761 | 4,498,667 | 20,942,498 | 15,551,009 | 3,594,476 | ||||||||||||||||||||||||||||||
|
Net assets beginning of period
|
146,451,063 | 210,716,117 | 1,932,912 | 54,173,715 | 68,198,227 | 13,770,108 | 30,599,249 | 56,078,412 | 25,380,754 | 19,318,693 | ||||||||||||||||||||||||||||||
|
Net assets end of period
|
$ | 183,032,484 | $ | 257,460,947 | $ | 3,001,411 | $ | 66,026,711 | $ | 75,215,217 | $ | 20,000,869 | $ | 35,097,916 | $ | 77,020,910 | $ | 40,931,763 | $ | 22,913,169 | ||||||||||||||||||||
|
1 Contract unit transactions
|
||||||||||||||||||||||||||||||||||||||||
|
Units Outstanding at December 31, 2010
|
11,837,377 | 14,293,300 | 199,339 | 2,000,459 | 1,490,061 | 1,319,661 | 2,125,744 | 2,044,650 | 2,031,293 | 984,256 | ||||||||||||||||||||||||||||||
|
Units Issued
|
4,626,555 | 5,529,822 | 226,121 | 997,210 | 555,733 | 1,275,636 | 1,005,550 | 1,006,321 | 9,590,935 | 404,002 | ||||||||||||||||||||||||||||||
|
Units Redeemed
|
(1,582,031 | ) | (1,952,833 | ) | (93,619 | ) | (546,558 | ) | (370,167 | ) | (676,930 | ) | (608,604 | ) | (312,014 | ) | (8,282,215 | ) | (179,565 | ) | ||||||||||||||||||||
|
Units Outstanding at December 31, 2011
|
14,881,901 | 17,870,289 | 331,841 | 2,451,111 | 1,675,627 | 1,918,367 | 2,522,690 | 2,738,957 | 3,340,013 | 1,208,693 | ||||||||||||||||||||||||||||||
|
Curian Variable Series Trust
|
||||
|
Curian Dynamic Risk Advantage – Aggressive Fund
|
Curian Guidance – Moderate Growth Fund(1)
|
Curian/FAMCO Flex Core Covered Call Fund
|
||
|
Curian Dynamic Risk Advantage – Diversified Fund
|
Curian Guidance – Rising Income Fund(1)
|
Curian/Franklin Templeton Frontier Markets Fund
|
||
|
Curian Dynamic Risk Advantage – Income Fund
|
Curian Guidance – Tactical Maximum Growth Fund(1)
|
Curian/Franklin Templeton Natural Resources Fund
|
||
|
Curian Guidance – Balanced Income Fund(1)
|
Curian Guidance – Tactical Moderate Growth Fund(1)
|
Curian/Neuberger Berman Currency Fund
|
||
|
Curian Guidance – Equity 100 Fund(1)
|
Curian Tactical Advantage 35 Fund
|
Curian/Nicholas Convertible Arbitrage Fund
|
||
|
Curian Guidance – Fixed Income 100 Fund(1)
|
Curian Tactical Advantage 60 Fund
|
Curian/PIMCO Credit Income Fund
|
||
|
Curian Guidance – Institutional Alt 65 Fund(1)
|
Curian Tactical Advantage 75 Fund
|
Curian/PineBridge Merger Arbitrage Fund
|
||
|
Curian Guidance – Institutional Alt 100 Fund(1)
|
Curian/American Funds Growth Fund
|
Curian/The Boston Company Equity Income Fund
|
||
|
Curian Guidance – Maximize Income Fund(1)
|
Curian/DFA U.S. Micro Cap Fund
|
Curian/The Boston Company Multi-Alpha Market Neutral Equity Fund
|
||
|
Curian Guidance – Maximum Growth Fund(1)
|
Curian/Epoch Global Shareholder Yield Fund
|
Curian/Van Eck International Gold Fund
|
||
|
JNL Series Trust
|
||||
|
JNL Disciplined Growth Fund(1)
|
JNL/Brookfield Global Infrastructure Fund
|
JNL/Invesco Global Real Estate Fund
|
||
|
JNL Disciplined Moderate Fund(1)
|
JNL/Capital Guardian Global Balanced Fund
|
JNL/Invesco International Growth Fund
|
||
|
JNL Disciplined Moderate Growth Fund(1)
|
JNL/Capital Guardian Global Diversified Research Fund
|
JNL/Invesco Large Cap Growth Fund
|
||
|
JNL Institutional Alt 20 Fund(1)
|
JNL/DFA U.S. Core Equity Fund
|
JNL/Invesco Small Cap Growth Fund
|
||
|
JNL Institutional Alt 35 Fund(1)
|
JNL/Eagle SmallCap Equity Fund
|
JNL/Ivy Asset Strategy Fund
|
||
|
JNL Institutional Alt 50 Fund(1)
|
JNL/Eastspring Investments Asia ex-Japan Fund(1)
|
JNL/JPMorgan International Value Fund
|
||
|
JNL Institutional Alt 65 Fund(1) (2)
|
JNL/Eastspring Investments China-India Fund(1)
|
JNL/JPMorgan MidCap Growth Fund
|
||
|
JNL/American Funds Balanced Allocation Fund(1)
|
JNL/Franklin Templeton Founding Strategy Fund(1)
|
JNL/JPMorgan U.S. Government & Quality Bond Fund
|
||
|
JNL/American Funds Blue Chip Income and Growth Fund
|
JNL/Franklin Templeton Global Growth Fund
|
JNL/Lazard Emerging Markets Fund
|
||
|
JNL/American Funds Global Bond Fund
|
JNL/Franklin Templeton Global Multisector Bond Fund
|
JNL/Lazard Mid Cap Equity Fund
|
||
|
JNL/American Funds Global Small Capitalization Fund
|
JNL/Franklin Templeton Income Fund
|
JNL/M&G Global Basics Fund(1)
|
||
|
JNL/American Funds Growth Allocation Fund(1)
|
JNL/Franklin Templeton International Small Cap Growth Fund
|
JNL/M&G Global Leaders Fund(1)
|
||
|
JNL/American Funds Growth-Income Fund
|
JNL/Franklin Templeton Mutual Shares Fund
|
JNL/MCM 10 x 10 Fund(1) (3)
|
||
|
JNL/American Funds International Fund
|
JNL/Franklin Templeton Small Cap Value Fund
|
JNL/MCM Bond Index Fund(3)
|
||
|
JNL/American Funds New World Fund
|
JNL/Goldman Sachs Core Plus Bond Fund
|
JNL/MCM Dow Jones U.S. Contrarian Opportunities Index Fund(3)
|
||
|
JNL/AQR Managed Futures Strategy Fund
|
JNL/Goldman Sachs Emerging Markets Debt Fund
|
JNL/MCM Emerging Markets Index Fund(3)
|
||
|
JNL/BlackRock Commodity Securities Fund
|
JNL/Goldman Sachs Mid Cap Value Fund
|
JNL/MCM European 30 Fund(3)
|
||
|
JNL/BlackRock Global Allocation Fund
|
JNL/Goldman Sachs U.S. Equity Flex Fund
|
JNL/MCM Global Alpha Fund(3)
|
||
|
JNL Series Trust (continued)
|
||||
|
JNL/MCM Index 5 Fund(1) (3)
|
JNL/PPM America High Yield Bond Fund(1)
|
JNL/S&P Managed Moderate Fund
|
||
|
JNL/MCM International Index Fund(3)
|
JNL/PPM America Mid Cap Value Fund(1)
|
JNL/S&P Managed Moderate Growth Fund
|
||
|
JNL/MCM Pacific Rim 30 Fund(3)
|
JNL/PPM America Small Cap Value Fund(1)
|
JNL/S&P Total Yield Fund
|
||
|
JNL/MCM S&P 400 MidCap Index Fund(3)
|
JNL/PPM America Value Equity Fund(1)
|
JNL/T. Rowe Price Established Growth Fund
|
||
|
JNL/MCM S&P 500 Index Fund(3)
|
JNL/Red Rocks Listed Private Equity Fund
|
JNL/T. Rowe Price Mid-Cap Growth Fund
|
||
|
JNL/MCM Small Cap Index Fund(3)
|
JNL/S&P 4 Fund(1)
|
JNL/T. Rowe Price Short-Term Bond Fund
|
||
|
JNL/Morgan Stanley Mid Cap Growth Fund
|
JNL/S&P Competitive Advantage Fund
|
JNL/T. Rowe Price Value Fund
|
||
|
JNL/Neuberger Berman Strategic Income Fund
|
JNL/S&P Dividend Income & Growth Fund
|
JNL/UBS Large Cap Select Growth Fund
|
||
|
JNL/Oppenheimer Global Growth Fund
|
JNL/S&P Intrinsic Value Fund
|
JNL/WMC Balanced Fund
|
||
|
JNL/PIMCO Real Return Fund
|
JNL/S&P Managed Aggressive Growth Fund
|
JNL/WMC Money Market Fund
|
||
|
JNL/PIMCO Total Return Bond Fund
|
JNL/S&P Managed Conservative Fund
|
JNL/WMC Value Fund
|
||
|
JNL/PPM America Floating Rate Income Fund(1)
|
JNL/S&P Managed Growth Fund
|
|||
|
JNL Variable Fund LLC
|
||||
|
JNL/MCM 25 Fund(3)
|
JNL/MCM JNL 5 Fund(3)
|
JNL/MCM S&P® SMid 60 Fund(3)
|
||
|
JNL/MCM Communications Sector Fund(3)
|
JNL/MCM JNL Optimized 5 Fund(3)
|
JNL/MCM Select Small-Cap Fund(3)
|
||
|
JNL/MCM Consumer Brands Sector Fund(3)
|
JNL/MCM Nasdaq® 25 Fund(3)
|
JNL/MCM Technology Sector Fund(3)
|
||
|
JNL/MCM Dow SM Dividend Fund(3)
|
JNL/MCM NYSE® International 25 Fund(3)
|
JNL/MCM Value Line® 30 Fund(3)
|
||
|
JNL/MCM Financial Sector Fund(3)
|
JNL/MCM Oil & Gas Sector Fund(3)
|
JNL/MCM VIP Fund(3)
|
||
|
JNL/MCM Healthcare Sector Fund(3)
|
JNL/MCM S&P® 24 Fund(3)
|
|||
|
PRIOR FUND NAME
|
CURRENT FUND NAME
|
EFFECTIVE DATE
|
|
JNL/Capital Guardian U.S. Growth Equity Fund
|
JNL/UBS Large Cap Select Growth Fund(4)
|
|
|
JNL/Eagle Core Equity Fund
|
JNL/DFA U.S. Core Equity Fund(4)
|
|
|
JNL/PAM Asia ex-Japan Fund
|
JNL/Eastspring Investments Asia ex-Japan Fund(5)
|
|
|
JNL/PAM China-India Fund
|
JNL/Eastspring Investments China-India Fund(5)
|
|
Curian Variable Series Trust
|
|||||||||
|
Cost of
Purchases |
Proceeds
from Sales |
Cost of
Purchases |
Proceeds from Sales |
||||||
|
Curian Dynamic Risk Advantage – Aggressive Fund
|
$977,608
|
$20,704
|
Curian Tactical Advantage 60 Fund
|
$1,437,326
|
$19,987
|
||||
|
Curian Dynamic Risk Advantage – Diversified Fund
|
2,552,542
|
29,892
|
Curian Tactical Advantage 75 Fund
|
1,370,750
|
570,595
|
||||
|
Curian Dynamic Risk Advantage – Income Fund
|
2,491,555
|
15,609
|
Curian/American Funds Growth Fund
|
436,523
|
7,443
|
||||
|
Curian Guidance – Balanced Income Fund
|
2,420,663
|
9,908
|
Curian/DFA U.S. Micro Cap Fund
|
13,050
|
14
|
||||
|
Curian Guidance – Equity 100 Fund
|
312,217
|
24,919
|
Curian/Epoch Global Shareholder Yield Fund
|
141,060
|
193
|
||||
|
Curian Guidance – Fixed Income 100 Fund
|
278,322
|
787
|
Curian/FAMCO Flex Core Covered Call Fund
|
1,148,077
|
37,045
|
||||
|
Curian Guidance – Institutional Alt 65 Fund
|
2,549,106
|
23,054
|
Curian/Franklin Templeton Frontier Markets Fund
|
500
|
-
|
||||
|
Curian Guidance – Institutional Alt 100 Fund
|
6,272,251
|
116,347
|
Curian/Franklin Templeton Natural Resources Fund
|
544,678
|
72,997
|
||||
|
Curian Guidance – Maximize Income Fund
|
790,707
|
13,997
|
Curian/Neuberger Berman Currency Fund
|
192,673
|
8,828
|
||||
|
Curian Guidance – Maximum Growth Fund
|
880,878
|
23,624
|
Curian/Nicholas Convertible Arbitrage Fund
|
1,229,620
|
138,738
|
||||
|
Curian Guidance – Moderate Growth Fund
|
4,445,756
|
239,622
|
Curian/PIMCO Credit Income Fund
|
693,018
|
61,936
|
||||
|
Curian Guidance – Rising Income Fund
|
1,428,978
|
4,743
|
Curian/PineBridge Merger Arbitrage Fund
|
2,434,223
|
180,152
|
||||
|
Curian Guidance – Tactical Maximum Growth Fund
|
1,431,095
|
27,973
|
Curian/TBC Equity Income Fund*
|
250,906
|
697
|
||||
|
Curian Guidance – Tactical Moderate Growth Fund
|
4,516,468
|
21,294
|
Curian/TBC Multi-Alpha Market Neutral Equity Fund*
|
968,869
|
140,914
|
||||
|
Curian Tactical Advantage 35 Fund
|
1,454,291
|
70,512
|
Curian/Van Eck International Gold Fund
|
226,669
|
29,380
|
||||
|
JNL Series Trust
|
|||||||||
|
Cost of Purchases
|
Proceeds
from Sales
|
Cost of Purchases
|
Proceeds from Sales |
||||||
|
JNL Disciplined Growth Fund
|
$5,364,265
|
$2,590,375
|
JNL/American Funds New World Fund
|
$9,373,843
|
$3,651,129
|
||||
|
JNL Disciplined Moderate Fund
|
17,656,157
|
6,402,962
|
JNL/AQR Managed Futures Strategy Fund
|
1,792,767
|
215,858
|
||||
|
JNL Disciplined Moderate Growth Fund
|
19,184,995
|
6,038,634
|
JNL/BlackRock Commodity Securities Fund
|
16,441,560
|
13,242,887
|
||||
|
JNL Institutional Alt 20 Fund
|
22,533,461
|
6,234,978
|
JNL/BlackRock Global Allocation Fund
|
55,383,166
|
11,107,612
|
||||
|
JNL Institutional Alt 35 Fund
|
28,660,366
|
6,113,766
|
JNL/Brookfield Global Infrastructure Fund
|
5,358,979
|
1,267,772
|
||||
|
JNL Institutional Alt 50 Fund
|
41,204,693
|
8,868,305
|
JNL/Capital Guardian Global Balanced Fund
|
3,752,903
|
3,967,310
|
||||
|
JNL Institutional Alt 65 Fund
|
6,275,887
|
9,032,610
|
JNL/Capital Guardian Global Diversified Research Fund
|
2,191,747
|
2,649,224
|
||||
|
JNL/American Funds Balanced Allocation Fund
|
5,959,556
|
432,230
|
JNL/DFA U.S. Core Equity Fund
|
2,873,003
|
2,365,011
|
||||
|
JNL/American Funds Blue Chip Income and Growth Fund
|
19,084,295
|
5,940,007
|
JNL/Eagle SmallCap Equity Fund
|
16,656,285
|
14,191,112
|
||||
|
JNL/American Funds Global Bond Fund
|
9,105,638
|
5,263,923
|
JNL/Eastspring Investments Asia ex-Japan Fund
|
6,060,808
|
3,603,445
|
||||
|
JNL/American Funds Global Small Capitalization Fund
|
4,879,294
|
1,753,306
|
JNL/Eastspring Investments China-India Fund
|
9,341,791
|
7,214,254
|
||||
|
JNL/American Funds Growth Allocation Fund
|
4,298,307
|
198,788
|
JNL/Franklin Templeton Founding Strategy Fund
|
13,597,870
|
11,668,726
|
||||
|
JNL/American Funds Growth-Income Fund
|
20,258,798
|
7,537,688
|
JNL/Franklin Templeton Global Growth Fund
|
4,722,669
|
3,523,347
|
||||
|
JNL/American Funds International Fund
|
9,298,906
|
4,467,559
|
JNL/Franklin Templeton Global Multisector Bond Fund
|
12,436,088
|
2,051,737
|
||||
|
JNL Series Trust (continued)
|
|||||||||
|
Cost of Purchases
|
Proceeds
from Sales |
Cost of Purchases
|
Proceeds
from Sales
|
||||||
|
JNL/Franklin Templeton Income Fund
|
$30,223,873
|
$16,907,679
|
JNL/MCM Small Cap Index Fund
|
$10,061,769
|
$7,737,272
|
||||
|
JNL/Franklin Templeton International Small Cap Growth Fund
|
4,042,394
|
1,831,017
|
JNL/Morgan Stanley Mid Cap Growth Fund
|
732,433
|
51,128
|
||||
|
JNL/Franklin Templeton Mutual Shares Fund
|
7,926,927
|
4,679,846
|
JNL/Neuberger Berman Strategic Income Fund
|
3,684,829
|
95,724
|
||||
|
JNL/Franklin Templeton Small Cap Value Fund
|
7,004,479
|
3,726,746
|
JNL/Oppenheimer Global Growth Fund
|
7,249,888
|
5,729,376
|
||||
|
JNL/Goldman Sachs Core Plus Bond Fund
|
23,843,881
|
12,608,307
|
JNL/PIMCO Real Return Fund
|
61,214,900
|
25,105,083
|
||||
|
JNL/Goldman Sachs Emerging Markets Debt Fund
|
2,068,524
|
4,368,384
|
JNL/PIMCO Total Return Bond Fund
|
124,278,350
|
63,267,165
|
||||
|
JNL/Goldman Sachs Mid Cap Value Fund
|
8,311,500
|
7,925,542
|
JNL/PPM America Floating Rate Income Fund
|
10,366,016
|
2,368,918
|
||||
|
JNL/Goldman Sachs U.S. Equity Flex Fund
|
2,027,340
|
1,546,260
|
JNL/PPM America High Yield Bond Fund
|
36,977,162
|
20,975,008
|
||||
|
JNL/Invesco Global Real Estate Fund
|
22,539,597
|
12,075,341
|
JNL/PPM America Mid Cap Value Fund
|
7,636,744
|
6,171,750
|
||||
|
JNL/Invesco International Growth Fund
|
6,354,083
|
4,337,589
|
JNL/PPM America Small Cap Value Fund
|
2,120,927
|
1,143,475
|
||||
|
JNL/Invesco Large Cap Growth Fund
|
7,701,744
|
4,367,358
|
JNL/PPM America Value Equity Fund
|
1,431,374
|
1,198,944
|
||||
|
JNL/Invesco Small Cap Growth Fund
|
10,925,541
|
8,334,149
|
JNL/Red Rocks Listed Private Equity Fund
|
2,298,661
|
1,880,455
|
||||
|
JNL/Ivy Asset Strategy Fund
|
29,244,798
|
11,315,401
|
JNL/S&P 4 Fund
|
21,269,557
|
12,606,903
|
||||
|
JNL/JPMorgan International Value Fund
|
6,338,637
|
3,994,607
|
JNL/S&P Competitive Advantage Fund
|
15,837,219
|
6,578,755
|
||||
|
JNL/JPMorgan MidCap Growth Fund
|
7,850,694
|
13,156,673
|
JNL/S&P Dividend Income & Growth Fund
|
47,873,882
|
22,677,558
|
||||
|
JNL/JPMorgan U.S. Government & Quality Bond Fund
|
22,512,239
|
16,521,452
|
JNL/S&P Intrinsic Value Fund
|
9,520,873
|
13,079,572
|
||||
|
JNL/Lazard Emerging Markets Fund
|
4,558,827
|
7,289,483
|
JNL/S&P Managed Aggressive Growth Fund
|
30,682,556
|
31,096,117
|
||||
|
JNL/Lazard Mid Cap Equity Fund
|
4,389,240
|
3,582,720
|
JNL/S&P Managed Conservative Fund
|
53,392,204
|
18,038,067
|
||||
|
JNL/M&G Global Basics Fund
|
1,748,275
|
720,234
|
JNL/S&P Managed Growth Fund
|
54,299,894
|
37,984,912
|
||||
|
JNL/M&G Global Leaders Fund
|
1,564,375
|
1,237,735
|
JNL/S&P Managed Moderate Fund
|
81,552,281
|
38,983,466
|
||||
|
JNL/MCM 10 x 10 Fund
|
4,101,423
|
3,946,612
|
JNL/S&P Managed Moderate Growth Fund
|
96,421,475
|
50,591,802
|
||||
|
JNL/MCM Bond Index Fund
|
12,499,361
|
7,906,795
|
JNL/S&P Total Yield Fund
|
$2,585,475
|
$769,214
|
||||
|
JNL/MCM Dow Jones U.S. Contrarian Opportunities Index Fund
|
532,106
|
117,913
|
JNL/T. Rowe Price Established Growth Fund
|
40,535,399
|
18,679,489
|
||||
|
JNL/MCM Emerging Markets Index Fund
|
17,113,664
|
9,222,598
|
JNL/T. Rowe Price Mid-Cap Growth Fund
|
37,651,537
|
23,116,266
|
||||
|
JNL/MCM European 30 Fund
|
864,315
|
544,047
|
JNL/T. Rowe Price Short-Term Bond Fund
|
28,750,072
|
17,758,525
|
||||
|
JNL/MCM Global Alpha Fund
|
1,049,821
|
612,430
|
JNL/T. Rowe Price Value Fund
|
16,835,989
|
11,019,897
|
||||
|
JNL/MCM Index 5 Fund
|
9,568,187
|
6,051,811
|
JNL/UBS Large Cap Select Growth Fund
|
5,967,819
|
3,997,691
|
||||
|
JNL/MCM International Index Fund
|
9,264,021
|
9,035,223
|
JNL/WMC Balanced Fund
|
28,847,867
|
13,775,681
|
||||
|
JNL/MCM Pacific Rim 30 Fund
|
1,265,833
|
668,081
|
JNL/WMC Money Market Fund
|
75,775,738
|
71,681,828
|
||||
|
JNL/MCM S&P 400 MidCap Index Fund
|
12,562,030
|
11,850,311
|
JNL/WMC Value Fund
|
7,762,547
|
5,297,576
|
||||
|
JNL/MCM S&P 500 Index Fund
|
54,395,800
|
37,782,827
|
|||||||
|
JNL Variable Fund LLC
|
|||||||||
|
Cost of Purchases
|
Proceeds
from Sales |
Cost of Purchases
|
Proceeds from Sales |
||||||
|
JNL/MCM 25 Fund
|
$15,450,318
|
$8,630,798
|
JNL/MCM NYSE® International 25 Fund
|
$1,766,124
|
$1,645,935
|
||||
|
JNL/MCM Communications Sector Fund
|
7,528,848
|
4,083,312
|
JNL/MCM Oil & Gas Sector Fund
|
17,890,420
|
13,035,925
|
||||
|
JNL/MCM Consumer Brands Sector Fund
|
9,179,679
|
2,874,610
|
JNL/MCM S&P® 24 Fund
|
791,864
|
816,002
|
||||
|
JNL/MCM Dow SM Dividend Fund
|
13,677,325
|
7,948,341
|
JNL/MCM S&P® SMid 60 Fund
|
2,740,677
|
7,761,776
|
||||
|
JNL/MCM Financial Sector Fund
|
12,006,821
|
5,313,531
|
JNL/MCM Select Small-Cap Fund
|
2,743,935
|
2,716,793
|
||||
|
JNL/MCM Healthcare Sector Fund
|
11,704,835
|
5,906,128
|
JNL/MCM Technology Sector Fund
|
31,953,659
|
19,409,230
|
||||
|
JNL/MCM JNL 5 Fund
|
31,635,869
|
58,842,753
|
JNL/MCM Value Line® 30 Fund
|
4,298,659
|
12,351,814
|
||||
|
JNL/MCM JNL Optimized 5 Fund
|
4,756,994
|
6,941,228
|
JNL/MCM VIP Fund
|
2,753,690
|
2,554,246
|
||||
|
JNL/MCM Nasdaq® 25 Fund
|
10,131,030
|
3,762,833
|
|||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||
|
Note 7 - Financial Highlights
|
||||||||||||||||||||
|
The following is a summary for each period in the five-year period ended December 31, 2012, of unit values, total returns and expense ratios for variable annuity contracts with the highest and lowest expense ratios in addition to certain other Portfolio data. Unit values for Portfolios that do not have any assets at period end are calculated based on the net asset value of the underlying Fund less expenses charged directly to that Portfolio of the Separate Account.
|
||||||||||||||||||||
|
Curian Dynamic
|
Curian Dynamic
|
Curian Dynamic
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
|||||||||||||||||||||||||||||||
|
Risk Advantage -
|
Risk Advantage -
|
Risk Advantage -
|
Balanced
|
Equity
|
Fixed
|
Institutional
|
Institutional
|
Maximize
|
Maximum
|
|||||||||||||||||||||||||||||||
|
Aggressive
|
Diversified
|
Income
|
Income
|
100 | 100 |
Alt 100
|
Alt 65
|
Income
|
Growth
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(b)
|
Portfolio(b)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.433310 | $ | 9.989137 | $ | 10.254443 | $ | 10.412254 | $ | 10.280677 | $ | 10.041492 | $ | 10.115590 | $ | 10.323284 | $ | 10.501299 | $ | 10.263934 | ||||||||||||||||||||
|
Total Return *
|
-4.51 | %*** | 0.39 | %*** | 2.45 | %*** | 3.86 | %*** | 3.38 | %*** | -0.11 | %*** | 3.27 | %*** | 4.12 | %*** | 4.19 | %*** | 2.16 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
| * |
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
| ** |
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
| *** |
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
| (a) |
Commencement of operations February 6, 2012.
|
| (b) |
Commencement of operations September 10, 2012.
|
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||
|
Note 7 - Financial Highlights (continued)
|
||||||||||||||||||||
|
Curian Dynamic
|
Curian Dynamic
|
Curian Dynamic
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
|||||||||||||||||||||||||||||||
|
Risk Advantage -
|
Risk Advantage -
|
Risk Advantage -
|
Balanced
|
Equity
|
Fixed
|
Institutional
|
Institutional
|
Maximize
|
Maximum
|
|||||||||||||||||||||||||||||||
|
Aggressive
|
Diversified
|
Income
|
Income
|
100 | 100 |
Alt 100
|
Alt 65
|
Income
|
Growth
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(b)
|
Portfolio(b)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.454752 | $ | 10.011633 | $ | 10.277535 | $ | 10.435657 | $ | 10.288426 | $ | 10.049233 | $ | 10.138417 | $ | 10.346523 | $ | 10.524862 | $ | 10.287058 | ||||||||||||||||||||
|
Total Return *
|
-5.60 | %*** | -0.15 | %*** | 5.00 | %*** | 0.76 | %*** | 6.81 | %*** | 0.31 | %*** | 2.29 | %*** | 5.79 | %*** | 1.45 | %*** | 0.28 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
| * |
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,
inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
| ** |
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
| *** |
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
| (a) |
Commencement of operations February 6, 2012.
|
| (b) |
Commencement of operations September 10, 2012.
|
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||
|
Note 7 - Financial Highlights (continued)
|
||||||||||||||||||||
|
Curian Dynamic
|
Curian Dynamic
|
Curian Dynamic
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
|||||||||||||||||||||||||||||||
|
Risk Advantage -
|
Risk Advantage -
|
Risk Advantage -
|
Balanced
|
Equity
|
Fixed
|
Institutional
|
Institutional
|
Maximize
|
Maximum
|
|||||||||||||||||||||||||||||||
|
Aggressive
|
Diversified
|
Income
|
Income
|
100 | 100 |
Alt 100
|
Alt 65
|
Income
|
Growth
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(b)
|
Portfolio(b)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 941 | $ | 2,515 | $ | 2,504 | $ | 2,455 | $ | 292 | $ | 278 | $ | 6,324 | $ | 2,615 | $ | 797 | $ | 890 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
100 | 251 | 244 | 235 | 28 | 28 | 624 | 253 | 76 | 87 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.00 | % | 0.00 | % | 2.72 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
| * |
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
| (a) |
Commencement of operations February 6, 2012.
|
| (b) |
Commencement of operations September 10, 2012.
|
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||
|
Note 7 - Financial Highlights (continued)
|
||||||||||||||||||||
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian
|
Curian
|
Curian
|
Curian/
|
Curian/
|
Curian/Epoch
|
|||||||||||||||||||||||||||||||
|
Moderate
|
Rising
|
Tactical
|
Tactical
|
Tactical
|
Tactical
|
Tactical
|
American Funds
|
DFA U.S.
|
Global Shareholder
|
|||||||||||||||||||||||||||||||
|
Growth
|
Income
|
Maximum Growth
|
Moderate Growth
|
Advantage 35
|
Advantage 60
|
Advantage 75
|
Growth
|
Micro Cap
|
Yield
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(b)
|
Portfolio(a)
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.412243 | $ | 10.372682 | $ | 10.145070 | $ | 10.224384 | $ | 10.323518 | $ | 10.413985 | $ | 10.508894 | $ | 10.560607 | $ | 10.071412 | $ | 10.609000 | ||||||||||||||||||||
|
Total Return *
|
3.08 | %*** | 6.99 | %*** | 0.44 | %*** | 2.23 | %*** | 5.41 | %*** | 2.70 | %*** | 5.47 | %*** | 2.78 | %*** | 3.58 | %*** | 1.28 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.10 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
| * |
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
| ** |
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
| *** |
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
| (a) |
Commencement of operations February 6, 2012.
|
| (b) |
Commencement of operations September 10, 2012.
|
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||
|
Note 7 - Financial Highlights (continued)
|
||||||||||||||||||||
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian
|
Curian
|
Curian
|
Curian/
|
Curian/
|
Curian/Epoch
|
|||||||||||||||||||||||||||||||
|
Moderate
|
Rising
|
Tactical
|
Tactical
|
Tactical
|
Tactical
|
Tactical
|
American Funds
|
DFA U.S.
|
Global Shareholder
|
|||||||||||||||||||||||||||||||
|
Growth
|
Income
|
Maximum Growth
|
Moderate Growth
|
Advantage 35
|
Advantage 60
|
Advantage 75
|
Growth
|
Micro Cap
|
Yield
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(b)
|
Portfolio(a)
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.435693 | $ | 10.396091 | $ | 10.168140 | $ | 10.247414 | $ | 10.346749 | $ | 10.437409 | $ | 10.532592 | $ | 10.584333 | $ | 10.079057 | $ | 10.618625 | ||||||||||||||||||||
|
Total Return *
|
3.72 | %*** | 3.77 | %*** | 5.54 | %*** | 2.21 | %*** | 3.79 | %*** | 5.42 | %*** | 0.75 | %*** | 7.76 | %*** | 6.20 | %*** | 1.47 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
| * |
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
| ** |
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
| *** |
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
| (a) |
Commencement of operations February 6, 2012.
|
| (b) |
Commencement of operations September 10, 2012.
|
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||
|
Note 7 - Financial Highlights (continued)
|
||||||||||||||||||||
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian Guidance -
|
Curian
|
Curian
|
Curian
|
Curian/
|
Curian/
|
Curian/Epoch
|
|||||||||||||||||||||||||||||||
|
Moderate
|
Rising
|
Tactical
|
Tactical
|
Tactical
|
Tactical
|
Tactical
|
American Funds
|
DFA U.S.
|
Global Shareholder
|
|||||||||||||||||||||||||||||||
|
Growth
|
Income
|
Maximum Growth
|
Moderate Growth
|
Advantage 35
|
Advantage 60
|
Advantage 75
|
Growth
|
Micro Cap
|
Yield
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(a)
|
Portfolio(b)
|
Portfolio(a)
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 4,377 | $ | 1,463 | $ | 1,446 | $ | 4,623 | $ | 1,394 | $ | 1,451 | $ | 801 | $ | 445 | $ | 14 | $ | 141 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
420 | 141 | 142 | 452 | 135 | 139 | 76 | 42 | 1 | 13 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | 2.89 | % | 2.05 | % | 1.53 | % | 0.00 | % | 0.00 | % | 4.29 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
| * |
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
| (a) |
Commencement of operations February 6, 2012.
|
| (b) |
Commencement of operations September 10, 2012.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
Curian/FAMCO
Flex Core
Covered Call
Portfolio(a)
|
Curian/Franklin
Templeton Frontier
Markets
Portfolio(b)
|
Curian/Franklin
Templeton Natural
Resources
Portfolio(a)
|
Curian/
Neuberger Berman
Currency
Portfolio(b)
|
Curian/Nicholas
Convertible
Arbitrage
Portfolio(a)
|
Curian/
PIMCO
Credit Income
Portfolio(a)
|
Curian/
Pinebridge Merger
Arbitrage
Portfolio(a)
|
Curian/The
Boston Company
Equity Income
Portfolio(a)
|
Curian/The Boston
Company Multi-
Alpha Market Neutral
Equity Portfolio(a)
|
Curian/
Van Eck
International Gold
Portfolio(b)
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.169153 | $ | 10.408022 | $ | 8.760110 | $ | 10.061422 | $ | 10.145372 | $ | 10.549023 | $ | 9.966882 | $ | 10.727021 | $ | 10.056181 | $ | 8.985544 | ||||||||||||||||||||
|
Total Return *
|
0.34 | %*** | 1.64 | %*** | -3.74 | %*** | 0.77 | %*** | 1.88 | %*** | 4.88 | %*** | -0.02 | %*** | 11.78 | %*** | -1.87 | %*** | -15.10 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.00 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
Curian/FAMCO
Flex Core
Covered Call
Portfolio(a)
|
Curian/Franklin
Templeton Frontier
Markets
Portfolio(b)
|
Curian/Franklin
Templeton Natural
Resources
Portfolio(a)
|
Curian/
Neuberger Berman
Currency
Portfolio(b)
|
Curian/Nicholas
Convertible
Arbitrage
Portfolio(a)
|
Curian/
PIMCO
Credit Income
Portfolio(a)
|
Curian/
Pinebridge Merger
Arbitrage
Portfolio(a)
|
Curian/The
Boston Company
Equity Income
Portfolio(a)
|
Curian/The Boston
Company Multi-
Alpha Market Neutral
Equity Portfolio(a)
|
Curian/
Van Eck
International Gold
Portfolio(b)
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.191700 | $ | 10.408022 | $ | 8.791537 | $ | 10.069089 | $ | 10.182201 | $ | 10.572784 | $ | 10.003438 | $ | 10.751499 | $ | 10.092394 | $ | 8.992422 | ||||||||||||||||||||
|
Total Return *
|
-1.03 | %*** | 0.86 | %*** | 14.55 | %*** | -0.70 | %*** | 3.40 | %*** | 3.46 | %*** | 0.26 | %*** | 15.43 | %*** | -0.44 | %*** | -12.71 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.00 | % | 1.00 | % | 0.85 | % | 1.00 | % | 0.85 | % | 1.00 | % | 0.85 | % | 1.00 | % | 0.85 | % | 1.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
Curian/FAMCO
Flex Core
Covered Call
Portfolio(a)
|
Curian/Franklin
Templeton Frontier
Markets
Portfolio(b)
|
Curian/Franklin
Templeton Natural
Resources
Portfolio(a)
|
Curian/
Neuberger Berman
Currency
Portfolio(b)
|
Curian/Nicholas
Convertible
Arbitrage
Portfolio(a)
|
Curian/
PIMCO
Credit Income
Portfolio(a)
|
Curian/
Pinebridge Merger
Arbitrage
Portfolio(a)
|
Curian/The
Boston Company
Equity Income
Portfolio(a)
|
Curian/The Boston
Company Multi-
Alpha Market Neutral
Equity Portfolio(a)
|
Curian/
Van Eck
International Gold
Portfolio(b)
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 1,104 | $ | 1 | $ | 474 | $ | 184 | $ | 1,101 | $ | 640 | $ | 2,266 | $ | 258 | $ | 822 | $ | 182 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
108 | 0 | 54 | 18 | 108 | 61 | 227 | 24 | 82 | 20 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
2.91 | % | 0.00 | % | 1.42 | % | 0.00 | % | 0.00 | % | 1.92 | % | 0.00 | % | 2.90 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL Disciplined
Growth
Portfolio
|
JNL Disciplined
Moderate
Portfolio
|
JNL Disciplined
Moderate
Growth Portfolio
|
JNL Institutional
Alt 20
Portfolio(a)
|
JNL Institutional
Alt 35
Portfolio(a)
|
JNL Institutional
Alt 50
Portfolio(a)
|
JNL Institutional
Alt 65
Portfolio(a)
|
JNL/American
Funds Balanced
Allocation
Portfolio(c)
|
JNL/American
Funds Blue Chip
Income and
Growth Portfolio(b)
|
JNL/American
Funds Global
Bond Portfolio(b)
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.720397 | $ | 10.140190 | $ | 9.467785 | $ | 14.163042 | $ | 14.789750 | $ | 14.979408 | $ | 15.432167 | $ | 10.260003 | $ | 10.900227 | $ | 10.698246 | ||||||||||||||||||||
|
Total Return *
|
11.68 | % | 10.42 | % | 11.43 | % | 6.71 | %*** | 8.62 | % | 8.07 | % | 8.14 | % | 8.40 | %*** | 10.67 | % | 2.82 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.56 | % | 2.57 | % | 2.46 | % | 2.56 | % | 2.46 | % | 2.56 | % | 2.56 | % | 2.31 | % | 2.46 | % | 2.81 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 7.808324 | $ | 9.183228 | $ | 8.496595 | $ | 13.107121 | $ | 13.616571 | $ | 13.861468 | $ | 14.270232 | n/a | $ | 9.849416 | $ | 10.404360 | |||||||||||||||||||||
|
Total Return *
|
5.91 | %*** | -1.83 | % | -3.27 | % | -4.94 | % | -8.03 | %*** | -7.05 | % | -7.82 | % | n/a | -3.64 | % | 1.44 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
2.56 | % | 2.57 | % | 2.46 | % | 2.47 | % | 2.46 | % | 2.56 | % | 2.56 | % | n/a | 2.46 | % | 2.81 | % | |||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.303223 | $ | 9.354633 | $ | 8.783516 | $ | 13.787812 | $ | 14.530009 | $ | 14.913342 | $ | 15.480283 | n/a | $ | 10.221876 | $ | 10.257107 | |||||||||||||||||||||
|
Total Return *
|
10.00 | % | 8.28 | % | 10.54 | % | 6.99 | %*** | 13.85 | %*** | 14.50 | %*** | 15.60 | %*** | n/a | 2.98 | %*** | -2.81 | %*** | |||||||||||||||||||||
|
Ratio of Expenses **
|
2.46 | % | 2.57 | % | 2.46 | % | 2.47 | % | 2.37 | % | 2.56 | % | 2.56 | % | n/a | 2.46 | % | 2.81 | % | |||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 7.548666 | $ | 8.639117 | $ | 7.946322 | $ | 12.511871 | $ | 13.013149 | $ | 13.337478 | $ | 13.718944 | n/a | n/a | n/a | |||||||||||||||||||||||
|
Total Return *
|
22.34 | % | 15.66 | % | 19.79 | % | -0.03 | %*** | 0.04 | %*** | 0.11 | %*** | 22.37 | %*** | n/a | n/a | n/a | |||||||||||||||||||||||
|
Ratio of Expenses **
|
2.46 | % | 2.57 | % | 2.46 | % | 2.345 | % | 2.345 | % | 2.345 | % | 2.46 | % | n/a | n/a | n/a | |||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 6.170041 | $ | 7.469150 | $ | 6.633553 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |||||||||||||||||||||||||||
|
Total Return *
|
-40.69 | % | -28.46 | % | -36.35 | % | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |||||||||||||||||||||||||||
|
Ratio of Expenses **
|
2.46 | % | 2.57 | % | 2.46 | % | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL Disciplined
Growth
Portfolio
|
JNL Disciplined
Moderate
Portfolio
|
JNL Disciplined
Moderate
Growth Portfolio
|
JNL Institutional
Alt 20
Portfolio(a)
|
JNL Institutional
Alt 35
Portfolio(a)
|
JNL Institutional
Alt 50
Portfolio(a)
|
JNL Institutional
Alt 65
Portfolio(a)
|
JNL/American
Funds Balanced
Allocation
Portfolio(c)
|
JNL/American
Funds Blue Chip
Income and
Growth Portfolio(b)
|
JNL/American
Funds Global
Bond Portfolio(b)
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.598504 | $ | 11.166780 | $ | 10.358582 | $ | 14.902370 | $ | 15.416154 | $ | 15.764688 | $ | 16.206761 | $ | 10.326225 | $ | 11.271931 | $ | 11.166907 | ||||||||||||||||||||
|
Total Return *
|
13.50 | % | 12.23 | % | 13.13 | % | 9.82 | % | 9.83 | % | 9.55 | % | 9.56 | % | 5.95 | %*** | 12.07 | % | 4.50 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
0.95 | % | 0.95 | % | 0.95 | % | 1.20 | % | 1.35 | % | 1.20 | % | 1.25 | % | 1.35 | % | 1.20 | % | 1.20 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.456944 | $ | 9.949985 | $ | 9.156359 | $ | 13.570222 | $ | 14.036179 | $ | 14.390549 | $ | 14.792110 | n/a | $ | 10.057527 | $ | 10.686235 | |||||||||||||||||||||
|
Total Return *
|
-4.05 | % | -0.23 | %*** | -1.80 | %*** | -3.73 | % | -5.10 | % | -5.76 | % | -6.60 | % | n/a | -2.43 | % | 3.08 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
0.95 | % | 0.95 | % | 0.95 | % | 1.20 | % | 1.35 | % | 1.20 | % | 1.25 | % | n/a | 1.20 | % | 1.20 | % | |||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.814252 | $ | 9.802583 | $ | 9.177843 | $ | 14.095348 | $ | 14.790255 | $ | 15.270726 | $ | 15.838026 | n/a | $ | 10.307663 | $ | 10.367188 | |||||||||||||||||||||
|
Total Return *
|
11.67 | % | 9.61 | % | 11.77 | % | 11.71 | % | 12.83 | % | 13.53 | % | 14.41 | % | n/a | 5.03 | %*** | 0.99 | %*** | |||||||||||||||||||||
|
Ratio of Expenses **
|
0.95 | % | 1.35 | % | 1.35 | % | 1.20 | % | 1.35 | % | 1.20 | % | 1.25 | % | n/a | 1.20 | % | 1.20 | % | |||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 7.893102 | $ | 8.943025 | $ | 8.211421 | $ | 12.617915 | $ | 13.108918 | $ | 13.450517 | $ | 13.842677 | n/a | n/a | n/a | |||||||||||||||||||||||
|
Total Return *
|
33.84 | %*** | 17.08 | % | 21.13 | % | 4.23 | %*** | 20.14 | %*** | 1.37 | %*** | 2.20 | %*** | n/a | n/a | n/a | |||||||||||||||||||||||
|
Ratio of Expenses **
|
0.95 | % | 1.35 | % | 1.35 | % | 1.20 | % | 1.35 | % | 1.20 | % | 1.25 | % | n/a | n/a | n/a | |||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 6.305552 | $ | 7.638164 | $ | 6.779177 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |||||||||||||||||||||||||||
|
Total Return *
|
-40.02 | % | -27.58 | % | -35.64 | % | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |||||||||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.35 | % | 1.35 | % | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL Disciplined
Growth
Portfolio
|
JNL Disciplined
Moderate
Portfolio
|
JNL Disciplined
Moderate
Growth Portfolio
|
JNL Institutional
Alt 20
Portfolio(a)
|
JNL Institutional
Alt 35
Portfolio(a)
|
JNL Institutional
Alt 50
Portfolio(a)
|
JNL Institutional
Alt 65
Portfolio(a)
|
JNL/American
Funds Balanced
Allocation
Portfolio(c)
|
JNL/American
Funds Blue Chip
Income and
Growth Portfolio(b)
|
JNL/American
Funds Global
Bond Portfolio(b)
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 17,076 | $ | 49,738 | $ | 51,479 | $ | 57,285 | $ | 65,669 | $ | 94,136 | $ | 42,386 | $ | 5,737 | $ | 40,132 | $ | 20,921 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
1,847 | 4,626 | 5,144 | 3,894 | 4,299 | 6,055 | 2,641 | 557 | 3,594 | 1,893 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.18 | % | 1.53 | % | 1.44 | % | 1.64 | % | 1.85 | % | 1.94 | % | 2.42 | % | 0.00 | % | 1.02 | % | 1.98 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 12,883 | $ | 35,387 | $ | 34,824 | $ | 38,069 | $ | 40,356 | $ | 58,074 | $ | 44,014 | n/a | $ | 23,678 | $ | 16,600 | |||||||||||||||||||||
|
Units Outstanding (in thousands)
|
1,572 | 3,672 | 3,912 | 2,833 | 2,891 | 4,076 | 3,000 | n/a | 2,368 | 1,563 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.18 | % | 1.41 | % | 1.10 | % | 1.03 | % | 0.97 | % | 0.86 | % | 0.68 | % | n/a | 0.67 | % | 1.01 | % | |||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 8,907 | $ | 23,777 | $ | 24,630 | $ | 22,417 | $ | 18,229 | $ | 32,487 | $ | 42,126 | n/a | $ | 9,396 | $ | 5,707 | |||||||||||||||||||||
|
Units Outstanding (in thousands)
|
1,036 | 2,449 | 2,703 | 1,601 | 1,237 | 2,140 | 2,675 | n/a | 914 | 552 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.35 | % | 1.19 | % | 1.28 | % | 0.80 | % | 0.90 | % | 0.84 | % | 1.51 | % | n/a | 0.00 | % | 0.00 | % | |||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 5,843 | $ | 9,460 | $ | 11,757 | $ | 4,545 | $ | 4,543 | $ | 10,572 | $ | 4,143 | n/a | n/a | n/a | |||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
755 | 1,067 | 1,443 | 361 | 347 | 788 | 300 | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
3.62 | % | 3.34 | % | 3.26 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | n/a | n/a | n/a | |||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 1,078 | $ | 2,187 | $ | 2,967 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
172 | 288 | 440 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.63 | % | 1.42 | % | 1.45 | % | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||
|
Note 7 - Financial Highlights (continued)
|
||||||||||||||||||||
|
JNL/American
|
JNL/American
|
JNL/American
|
JNL/American
|
JNL/AQR
|
JNL/BlackRock
|
JNL/Brookfield
|
JNL/Capital
|
|||||||||||||||||||||||||||||||||
|
Funds Global
|
Funds Growth
|
Funds
|
Funds
|
JNL/American
|
Managed Futures
|
Commodity
|
JNL/BlackRock
|
Global
|
Guardian Global
|
|||||||||||||||||||||||||||||||
|
Small Capitalization
|
Allocation
|
Growth-Income
|
International
|
Funds New
|
Strategy
|
Securities
|
Global Allocation
|
Infrastructure
|
Balanced
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(e)
|
Portfolio(a)
|
Portfolio(a)
|
World Portfolio(a)
|
Portfolio(c)
|
Portfolio
|
Portfolio(b)
|
Portfolio(d)
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.893015 | $ | 10.271827 | $ | 11.179782 | $ | 10.178122 | $ | 10.673864 | $ | 9.823886 | $ | 9.289162 | $ | 10.305240 | $ | 11.979817 | $ | 8.899463 | ||||||||||||||||||||
|
Total Return *
|
10.28 | %*** | 1.49 | %*** | 14.07 | % | 14.39 | % | 13.45 | %*** | 6.56 | %*** | -2.26 | % | 6.81 | % | 15.78 | % | 8.60 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.56 | % | 2.42 | % | 2.46 | % | 2.595 | % | 2.56 | % | 1.25 | % | 3.06 | % | 2.56 | % | 2.46 | % | 4.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.623965 | n/a | $ | 9.800553 | $ | 8.897912 | $ | 9.345775 | n/a | $ | 9.503708 | $ | 9.648319 | $ | 10.347437 | $ | 8.194877 | ||||||||||||||||||||||
|
Total Return *
|
-21.38 | % | n/a | -4.67 | % | -19.11 | %*** | -16.38 | % | n/a | -10.15 | % | -4.98 | %*** | 0.27 | %*** | -8.48 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
2.46 | % | n/a | 2.46 | % | 2.595 | % | 2.46 | % | n/a | 3.06 | % | 2.56 | % | 2.46 | % | 4.00 | % | ||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.969575 | n/a | $ | 10.280893 | $ | 10.674432 | $ | 11.176281 | n/a | $ | 10.577556 | $ | 10.294555 | n/a | $ | 8.954289 | |||||||||||||||||||||||
|
Total Return *
|
1.76 | %*** | n/a | 2.86 | %*** | 4.24 | %*** | 6.16 | %*** | n/a | 13.90 | % | 3.61 | %*** | n/a | 4.74 | % | |||||||||||||||||||||||
|
Ratio of Expenses **
|
2.46 | % | n/a | 2.46 | % | 2.46 | % | 2.46 | % | n/a | 3.06 | % | 2.42 | % | n/a | 4.00 | % | |||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | $ | 9.286455 | n/a | n/a | $ | 8.549148 | ||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | 45.41 | % | n/a | n/a | 17.68 | % | ||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | 3.06 | % | n/a | n/a | 4.00 | % | ||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | $ | 6.386254 | n/a | n/a | $ | 7.264910 | ||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | -52.69 | % | n/a | n/a | -31.10 | % | ||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | 3.06 | % | n/a | n/a | 4.00 | % | ||||||||||||||||||||||||||||
| * | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account. |
| ** |
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
| *** |
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
| (a) |
Commencement of operations May 3, 2010.
|
| (b) |
Commencement of operations October 11, 2010.
|
| (c) |
Commencement of operations August 29, 2011.
|
| (d) |
Commencement of operations December 12, 2011.
|
| (e) |
Commencement of operations April 29, 2012.
|
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||
|
Note 7 - Financial Highlights (continued)
|
||||||||||||||||||||
|
JNL/American
|
JNL/American
|
JNL/American
|
JNL/American
|
JNL/AQR
|
JNL/BlackRock
|
JNL/Brookfield
|
JNL/Capital
|
|||||||||||||||||||||||||||||||||
|
Funds Global
|
Funds Growth
|
Funds
|
Funds
|
JNL/American
|
Managed Futures
|
Commodity
|
JNL/BlackRock
|
Global
|
Guardian Global
|
|||||||||||||||||||||||||||||||
|
Small Capitalization
|
Allocation
|
Growth-Income
|
International
|
Funds New
|
Strategy
|
Securities
|
Global Allocation
|
Infrastructure
|
Balanced
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(e)
|
Portfolio(a)
|
Portfolio(a)
|
World Portfolio(a)
|
Portfolio(c)
|
Portfolio
|
Portfolio(b)
|
Portfolio(d)
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.258146 | $ | 10.346059 | $ | 11.622914 | $ | 10.563954 | $ | 11.067687 | $ | 9.876802 | $ | 10.595859 | $ | 10.668681 | $ | 12.184240 | $ | 12.609448 | ||||||||||||||||||||
|
Total Return *
|
16.49 | % | 2.62 | %*** | -0.19 | %*** | -1.86 | % | 15.97 | % | 3.82 | %*** | 14.31 | %*** | 0.79 | %*** | 13.75 | %*** | 11.63 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.35 | % | 1.00 | % | 1.20 | % | 1.20 | % | 0.85 | % | 0.85 | % | 1.00 | % | 0.85 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.806076 | n/a | $ | 10.007812 | $ | 9.106416 | $ | 9.543319 | n/a | $ | 10.420986 | $ | 9.809639 | $ | 10.353105 | $ | 11.295328 | ||||||||||||||||||||||
|
Total Return *
|
-20.39 | % | n/a | -3.47 | % | -15.40 | % | -15.32 | % | n/a | -8.47 | % | -4.97 | % | 1.63 | %*** | -5.94 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | n/a | 1.20 | % | 1.20 | % | 1.20 | % | n/a | 1.20 | % | 1.20 | % | 1.35 | % | 1.25 | % | ||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.061642 | n/a | $ | 10.367185 | $ | 10.764025 | $ | 11.269970 | n/a | $ | 11.385308 | $ | 10.322473 | n/a | $ | 12.008142 | |||||||||||||||||||||||
|
Total Return *
|
3.98 | %*** | n/a | 1.98 | %*** | 12.99 | %*** | 3.10 | %*** | n/a | 16.04 | % | 1.12 | %*** | n/a | 7.66 | % | |||||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | n/a | 1.20 | % | 1.20 | % | 1.20 | % | n/a | 1.20 | % | 1.20 | % | n/a | 1.25 | % | |||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | $ | 9.811404 | n/a | n/a | $ | 11.153827 | ||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | 48.14 | % | n/a | n/a | 20.96 | % | ||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | 1.20 | % | n/a | n/a | 1.25 | % | ||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | n/a | n/a | n/a | n/a | n/a | $ | 6.622915 | n/a | n/a | $ | 9.221201 | ||||||||||||||||||||||||||||
|
Total Return *
|
n/a | n/a | n/a | n/a | n/a | n/a | -50.26 | %*** | n/a | n/a | -29.18 | % | ||||||||||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | n/a | n/a | n/a | n/a | n/a | 1.20 | % | n/a | n/a | 1.25 | % | ||||||||||||||||||||||||||||
| * | Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account. |
| ** | Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded. |
| *** |
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
| (a) |
Commencement of operations May 3, 2010.
|
| (b) |
Commencement of operations October 11, 2010.
|
| (c) |
Commencement of operations August 29, 2011.
|
| (d) |
Commencement of operations December 12, 2011.
|
| (e) |
Commencement of operations April 29, 2012.
|
|
JNLNY Separate Account I
|
||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||
|
Note 7 - Financial Highlights (continued)
|
||||||||||||||||||||
|
JNL/American
|
JNL/American
|
JNL/American
|
JNL/American
|
JNL/AQR
|
JNL/BlackRock
|
JNL/Brookfield
|
JNL/Capital
|
|||||||||||||||||||||||||||||||||
|
Funds Global
|
Funds Growth
|
Funds
|
Funds
|
JNL/American
|
Managed Futures
|
Commodity
|
JNL/BlackRock
|
Global
|
Guardian Global
|
|||||||||||||||||||||||||||||||
|
Small Capitalization
|
Allocation
|
Growth-Income
|
International
|
Funds New
|
Strategy
|
Securities
|
Global Allocation
|
Infrastructure
|
Balanced
|
|||||||||||||||||||||||||||||||
|
Portfolio(a)
|
Portfolio(e)
|
Portfolio(a)
|
Portfolio(a)
|
World Portfolio(a)
|
Portfolio(c)
|
Portfolio
|
Portfolio(b)
|
Portfolio(d)
|
Portfolio
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 13,337 | $ | 4,260 | $ | 48,188 | $ | 19,107 | $ | 21,332 | $ | 1,647 | $ | 43,540 | $ | 66,293 | $ | 4,763 | $ | 20,485 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
1,313 | 413 | 4,205 | 1,827 | 1,948 | 167 | 4,294 | 6,292 | 393 | 1,696 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.74 | % | 0.00 | % | 0.80 | % | 1.19 | % | 1.07 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.06 | % | 2.03 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 8,653 | n/a | $ | 29,983 | $ | 11,987 | $ | 13,117 | n/a | $ | 40,160 | $ | 18,579 | $ | 350 | $ | 18,675 | ||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
988 | n/a | 3,012 | 1,324 | 1,383 | n/a | 3,939 | 1,902 | 34 | 1,722 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.36 | % | n/a | 0.55 | % | 0.75 | % | 0.63 | % | n/a | 0.62 | % | 0.57 | % | 0.00 | % | 1.08 | % | ||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 6,409 | n/a | $ | 9,854 | $ | 4,825 | $ | 5,160 | n/a | $ | 31,623 | $ | 7,298 | n/a | $ | 18,133 | |||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
581 | n/a | 953 | 449 | 459 | n/a | 2,831 | 708 | n/a | 1,568 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.00 | % | n/a | 0.00 | % | 0.00 | % | 0.00 | % | n/a | 0.32 | % | 0.00 | % | n/a | 1.13 | % | |||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | $ | 28,331 | n/a | n/a | $ | 13,985 | ||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | 2,934 | n/a | n/a | 1,299 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | 0.86 | % | n/a | n/a | 2.46 | % | ||||||||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | $ | 17,074 | n/a | n/a | $ | 9,625 | ||||||||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | n/a | n/a | n/a | n/a | n/a | 2,612 | n/a | n/a | 1,077 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | n/a | n/a | n/a | n/a | n/a | 0.08 | % | n/a | n/a | 1.10 | % | ||||||||||||||||||||||||||||
| * | These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund. |
| (a) |
Commencement of operations May 3, 2010.
|
| (b) |
Commencement of operations October 11, 2010.
|
| (c) |
Commencement of operations August 29, 2011.
|
| (d) |
Commencement of operations December 12, 2011.
|
| (e) |
Commencement of operations April 29, 2012.
|
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||||||||||||||||||||||
|
Note 7 - Financial Highlights (continued)
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/Capital
Guardian Global
Diversified
Research Portfolio
|
JNL/DFA U.S.
Core Equity
Portfolio
|
JNL/Eagle
SmallCap Equity
Portfolio
|
JNL/Eastspring
Investments
Asia ex-Japan
Portfolio
|
JNL/Eastspring
Investments
China-India
Portfolio
|
JNL/Franklin
Templeton Founding
Strategy Portfolio
|
JNL/Franklin
Templeton
Global Growth
Portfolio
|
JNL/Franklin
Templeton Global
Multisector Bond
Portfolio(a)
|
JNL/Franklin
Templeton
Income Portfolio
|
JNL/Franklin
Templeton Inter-
national Small Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 21.955160 | $ | 13.235343 | $ | 23.775844 | $ | 8.310648 | $ | 6.959027 | $ | 8.897691 | $ | 8.063049 | $ | 11.557034 | $ | 11.026824 | $ | 7.973159 | ||||||||||||||||||||
|
Total Return *
|
13.65 | % | 9.84 | % | 10.55 | % | 19.19 | % | 20.04 | % | 12.61 | % | 18.53 | % | 8.29 | %*** | 8.81 | % | 23.93 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.92 | % | 3.445 | % | 2.92 | % | 2.77 | % | 2.81 | % | 2.92 | % | 2.92 | % | 2.46 | % | 3.06 | % | 2.645 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 19.319006 | $ | 12.050048 | $ | 21.507223 | $ | 6.972502 | $ | 5.797024 | $ | 7.901322 | $ | 6.802345 | $ | 10.050974 | $ | 10.134060 | $ | 6.433521 | ||||||||||||||||||||
|
Total Return *
|
-7.25 | % | -4.19 | % | -5.11 | % | -23.34 | % | -29.88 | % | -4.19 | % | -8.78 | % | 0.51 | %*** | -0.55 | % | -16.61 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.92 | % | 3.445 | % | 2.92 | % | 2.77 | % | 2.81 | % | 2.92 | % | 2.92 | % | 1.82 | % | 3.06 | % | 2.645 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 20.828884 | $ | 12.577079 | $ | 22.666493 | $ | 9.095534 | $ | 8.267688 | $ | 8.247152 | $ | 7.456868 | n/a | $ | 10.190111 | $ | 7.714890 | |||||||||||||||||||||
|
Total Return *
|
8.56 | % | 8.07 | % | 31.74 | % | 16.14 | % | -1.16 | %*** | 7.21 | % | 3.99 | % | n/a | 9.17 | % | 17.40 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
2.92 | % | 3.45 | % | 2.92 | % | 2.77 | % | 2.81 | % | 2.92 | % | 2.92 | % | n/a | 3.06 | % | 2.645 | % | |||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 19.186964 | $ | 11.638017 | $ | 17.205430 | $ | 7.831456 | $ | 7.278544 | $ | 7.692367 | $ | 7.171023 | n/a | $ | 9.333800 | $ | 6.571401 | |||||||||||||||||||||
|
Total Return *
|
34.25 | % | 29.30 | % | 31.59 | % | 15.78 | %*** | 20.08 | %*** | 26.39 | % | 27.07 | % | n/a | 28.91 | % | 48.61 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
2.92 | % | 3.45 | % | 2.92 | % | 2.77 | % | 2.77 | % | 2.92 | % | 2.92 | % | n/a | 3.06 | % | 2.645 | % | |||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 14.291823 | $ | 9.000976 | $ | 13.075035 | $ | 4.752767 | $ | 4.118907 | $ | 6.086256 | $ | 5.643363 | n/a | $ | 7.240302 | $ | 4.421985 | |||||||||||||||||||||
|
Total Return *
|
-41.86 | %*** | -41.10 | % | -40.06 | % | -23.20 | %*** | -47.23 | %*** | -37.97 | % | -42.33 | % | n/a | -31.85 | % | -55.11 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
2.92 | % | 3.45 | % | 2.92 | % | 2.67 | % | 2.47 | % | 2.92 | % | 2.92 | % | n/a | 3.06 | % | 2.645 | % | |||||||||||||||||||||
|
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
||||||||||||||||||||||||||||||||||||||||
|
** Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values.
|
||||||||||||||||||||||||||||||||||||||||
|
Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
||||||||||||||||||||||||||||||||||||||||
|
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
||||||||||||||||||||||||||||||||||||||||
|
(a) Commencement of operations December 12, 2011.
|
||||||||||||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
||||||||||||||||||||||||||||||||||||||||
|
Notes to Financial Statements (continued)
|
||||||||||||||||||||||||||||||||||||||||
|
Note 7 - Financial Highlights (continued)
|
||||||||||||||||||||||||||||||||||||||||
|
JNL/Capital
Guardian Global
Diversified
Research Portfolio
|
JNL/DFA U.S.
Core Equity
Portfolio
|
JNL/Eagle
SmallCap Equity
Portfolio
|
JNL/Eastspring
Investments
Asia ex-Japan
Portfolio
|
JNL/Eastspring
Investments
China-India
Portfolio
|
JNL/Franklin
Templeton Founding
Strategy Portfolio
|
JNL/Franklin
Templeton
Global Growth
Portfolio
|
JNL/Franklin
Templeton Global
Multisector Bond
Portfolio(a)
|
JNL/Franklin
Templeton
Income Portfolio
|
JNL/Franklin
Templeton Inter-
national Small Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 29.737379 | $ | 19.712406 | $ | 31.984710 | $ | 9.092134 | $ | 7.629376 | $ | 9.857235 | $ | 8.932659 | $ | 11.736107 | $ | 12.482631 | $ | 8.667349 | ||||||||||||||||||||
|
Total Return *
|
15.62 | %*** | 1.42 | %*** | 8.78 | % | 6.96 | %*** | 3.02 | %*** | 14.57 | % | 20.60 | % | 3.09 | %*** | 10.86 | % | 17.64 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.00 | % | 1.10 | % | 1.00 | % | 1.00 | % | 1.20 | % | 1.20 | % | 1.00 | % | 1.20 | % | 1.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 25.507270 | $ | 17.247755 | $ | 28.409569 | $ | 7.418200 | $ | 6.177716 | $ | 8.603731 | $ | 7.407117 | $ | 10.053056 | $ | 11.260011 | $ | 6.823433 | ||||||||||||||||||||
|
Total Return *
|
-5.69 | % | -1.92 | % | -3.38 | % | -22.17 | % | -28.78 | % | -6.63 | %*** | -7.20 | %*** | 0.53 | %*** | 1.31 | % | -15.40 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.10 | % | 1.10 | % | 1.25 | % | 1.25 | % | 1.20 | % | 1.20 | % | 1.40 | % | 1.20 | % | 1.20 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 27.046552 | $ | 17.585979 | $ | 29.402331 | $ | 9.531443 | $ | 8.674606 | $ | 8.810426 | $ | 7.966199 | n/a | $ | 11.114211 | $ | 8.065387 | |||||||||||||||||||||
|
Total Return *
|
10.39 | % | 10.63 | % | 34.17 | % | 17.92 | % | 15.47 | % | 9.02 | % | 5.74 | % | n/a | 11.22 | % | 19.11 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.10 | % | 1.10 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | n/a | 1.20 | % | 1.20 | % | |||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 24.501862 | $ | 15.895750 | $ | 21.915024 | $ | 8.082935 | $ | 7.512174 | $ | 8.081629 | $ | 7.533953 | n/a | $ | 9.992628 | $ | 6.771385 | |||||||||||||||||||||
|
Total Return *
|
36.51 | % | 32.37 | % | 34.00 | % | 1.99 | %*** | 12.28 | %*** | 28.52 | % | 29.21 | % | n/a | 4.97 | %*** | 0.84 | %*** | |||||||||||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.10 | % | 1.10 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | n/a | 1.20 | % | 1.20 | % | |||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 17.948440 | $ | 12.009007 | $ | 16.353961 | $ | 4.820984 | $ | 4.168903 | $ | 6.288338 | $ | 5.830781 | n/a | $ | 7.598687 | $ | 4.484082 | |||||||||||||||||||||
|
Total Return *
|
-43.20 | % | -39.70 | % | -38.96 | % | -48.71 | %*** | -46.57 | %*** | -36.93 | % | -41.36 | % | n/a | -30.61 | % | -54.52 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.10 | % | 1.10 | % | 1.35 | % | 1.35 | % | 1.25 | % | 1.25 | % | n/a | 1.25 | % | 1.35 | % | |||||||||||||||||||||
|
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
||||||||||||||||||||||||||||||||||||||||
|
** Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values.
|
||||||||||||||||||||||||||||||||||||||||
|
Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
||||||||||||||||||||||||||||||||||||||||
|
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
||||||||||||||||||||||||||||||||||||||||
|
(a) Commencement of operations December 12, 2011.
|
||||||||||||||||||||||||||||||||||||||||
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/Capital
Guardian Global
Diversified
Research Portfolio
|
JNL/DFA U.S.
Core Equity
Portfolio
|
JNL/Eagle
SmallCap Equity
Portfolio
|
JNL/Eastspring
Investments
Asia ex-Japan
Portfolio
|
JNL/Eastspring
Investments
China-India
Portfolio
|
JNL/Franklin
Templeton Founding
Strategy Portfolio
|
JNL/Franklin
Templeton
Global Growth
Portfolio
|
JNL/Franklin
Templeton Global
Multisector Bond
Portfolio(a)
|
JNL/Franklin
Templeton
Income Portfolio
|
JNL/Franklin
Templeton Inter-
national Small Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 11,953 | $ | 9,008 | $ | 46,089 | $ | 11,645 | $ | 26,375 | $ | 71,831 | $ | 15,856 | $ | 11,176 | $ | 85,711 | $ | 13,432 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
468 | 512 | 1,576 | 1,320 | 3,568 | 7,459 | 1,813 | 959 | 7,036 | 1,599 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.19 | % | 0.89 | % | 0.00 | % | 0.68 | % | 0.78 | % | 2.20 | % | 1.55 | % | 0.34 | % | 4.68 | % | 1.63 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 10,792 | $ | 7,533 | $ | 38,957 | $ | 7,751 | $ | 19,522 | $ | 61,514 | $ | 12,114 | $ | - | $ | 67,216 | $ | 8,741 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
491 | 482 | 1,490 | 1,060 | 3,207 | 7,295 | 1,665 | - | 6,100 | 1,302 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.94 | % | 0.58 | % | 0.00 | % | 0.46 | % | 0.36 | % | 1.48 | % | 0.96 | % | 0.00 | % | 4.18 | % | 1.46 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 11,063 | $ | 5,550 | $ | 29,936 | $ | 9,193 | $ | 21,618 | $ | 57,185 | $ | 9,349 | n/a | $ | 53,897 | $ | 8,311 | |||||||||||||||||||||
|
Units Outstanding (in thousands)
|
482 | 354 | 1,107 | 975 | 2,520 | 6,588 | 1,188 | n/a | 4,941 | 1,044 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.73 | % | 0.32 | % | 0.23 | % | 0.13 | % | 0.00 | % | 3.14 | % | 1.55 | % | n/a | 4.20 | % | 1.29 | % | |||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 8,855 | $ | 4,315 | $ | 10,264 | $ | 5,941 | $ | 16,155 | $ | 41,621 | $ | 5,832 | n/a | $ | 34,693 | $ | 5,539 | |||||||||||||||||||||
|
Units Outstanding (in thousands)
|
446 | 328 | 521 | 741 | 2,160 | 5,214 | 782 | n/a | 3,531 | 826 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.86 | % | 1.31 | % | 0.00 | % | 0.01 | % | 0.00 | % | 0.07 | % | 2.26 | % | n/a | 7.00 | % | 2.36 | % | |||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 4,641 | $ | 2,152 | $ | 4,286 | $ | 497 | $ | 1,081 | $ | 26,679 | $ | 3,094 | n/a | $ | 23,604 | $ | 709 | |||||||||||||||||||||
|
Units Outstanding (in thousands)
|
347 | 235 | 299 | 104 | 259 | 4,280 | 535 | n/a | 3,144 | 159 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.00 | % | 2.51 | % | 0.00 | % | 1.70 | % | 0.00 | % | 1.39 | % | 0.02 | % | n/a | 0.09 | % | 0.22 | % | |||||||||||||||||||||
|
*
|
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
|
(a)
|
Commencement of operations December 12, 2011.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/Franklin
Templeton Mutual
Shares Portfolio
|
JNL/Franklin
Templeton
Small Cap
Value Portfolio
|
JNL/
Goldman Sachs
Core Plus
Bond Portfolio
|
JNL/Goldman
Sachs Emerging
Markets Debt
Portfolio(a)
|
JNL/
Goldman Sachs
Mid Cap
Value Portfolio
|
JNL/Goldman
Sachs U.S.
Equity Flex
Portfolio
|
JNL/Invesco
Global Real Estate
Portfolio
|
JNL/Invesco
International
Growth Portfolio
|
JNL/Invesco
Large Cap
Growth Portfolio
|
JNL/Invesco
Small Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.521104 | $ | 12.631682 | $ | 18.268639 | $ | 14.032145 | $ | 12.464803 | $ | 8.295683 | $ | 12.877546 | $ | 13.120420 | $ | 9.560387 | $ | 13.724219 | ||||||||||||||||||||
|
Total Return *
|
10.78 | % | 14.23 | % | 4.26 | % | 16.71 | % | 14.45 | % | 16.27 | % | 24.44 | % | 12.26 | % | 8.07 | % | 13.50 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.56 | % | 2.92 | % | 3.30 | % | 2.81 | % | 3.06 | % | 2.81 | % | 3.06 | % | 3.06 | % | 4.00 | % | 3.60 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 7.691597 | $ | 11.058315 | $ | 17.522972 | $ | 12.023017 | $ | 10.891241 | $ | 7.134821 | $ | 10.348752 | $ | 11.687458 | $ | 8.846506 | $ | 12.091397 | ||||||||||||||||||||
|
Total Return *
|
-3.16 | % | -5.52 | % | 2.82 | % | -7.31 | % | -9.35 | % | -13.10 | % | -9.08 | % | -9.68 | % | -10.33 | % | -4.84 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.56 | % | 2.92 | % | 3.30 | % | 2.81 | % | 3.06 | % | 2.81 | % | 3.06 | % | 3.06 | % | 4.00 | % | 3.60 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 7.942977 | $ | 11.704333 | $ | 17.043066 | $ | 12.970732 | $ | 12.014464 | $ | 8.210392 | $ | 11.382358 | $ | 12.940614 | $ | 9.866017 | $ | 12.706377 | ||||||||||||||||||||
|
Total Return *
|
8.64 | % | 23.18 | % | 4.13 | % | -1.70 | %*** | 20.65 | % | 1.33 | %*** | 13.62 | % | 8.92 | % | 12.80 | % | 21.75 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.56 | % | 2.92 | % | 3.30 | % | 2.81 | % | 3.06 | % | 2.81 | % | 3.06 | % | 3.06 | % | 4.00 | % | 3.60 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 7.311457 | $ | 9.501581 | $ | 16.366352 | $ | 11.542313 | $ | 9.958343 | $ | 7.830309 | $ | 10.018332 | $ | 11.880546 | $ | 8.746244 | $ | 10.436552 | ||||||||||||||||||||
|
Total Return *
|
23.54 | % | 29.77 | % | 10.45 | % | 9.49 | %*** | 28.66 | % | 22.16 | %*** | 28.54 | % | 32.86 | % | 19.42 | % | 30.03 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.56 | % | 2.92 | % | 3.30 | % | 2.56 | % | 3.06 | % | 2.56 | % | 3.06 | % | 3.06 | % | 4.00 | % | 3.60 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 5.918448 | $ | 7.322015 | $ | 14.817905 | $ | 9.627208 | $ | 7.740295 | $ | 6.443505 | $ | 7.794000 | $ | 8.941970 | $ | 7.324091 | $ | 8.026065 | ||||||||||||||||||||
|
Total Return *
|
-39.47 | % | -35.05 | % | -8.25 | % | 1.68 | %*** | -38.02 | % | -39.20 | % | -37.64 | % | -42.72 | % | -40.11 | % | -41.86 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.56 | % | 2.92 | % | 3.30 | % | 2.32 | % | 3.06 | % | 2.46 | % | 3.06 | % | 3.06 | % | 4.00 | % | 3.60 | % | ||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values.
|
|
Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/Franklin
Templeton Mutual
Shares Portfolio
|
JNL/Franklin
Templeton
Small Cap
Value Portfolio
|
JNL/
Goldman Sachs
Core Plus
Bond Portfolio
|
JNL/Goldman
Sachs Emerging
Markets Debt
Portfolio(a)
|
JNL/
Goldman Sachs
Mid Cap
Value Portfolio
|
JNL/Goldman
Sachs U.S.
Equity Flex
Portfolio
|
JNL/Invesco
Global Real Estate
Portfolio
|
JNL/Invesco
International
Growth Portfolio
|
JNL/Invesco
Large Cap
Growth Portfolio
|
JNL/Invesco
Small Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.240017 | $ | 14.633484 | $ | 26.929413 | $ | 15.246170 | $ | 14.374973 | $ | 9.131280 | $ | 15.254481 | $ | 18.868951 | $ | 13.219647 | $ | 18.350522 | ||||||||||||||||||||
|
Total Return *
|
12.30 | % | 11.16 | %*** | 6.58 | % | 13.03 | %*** | 16.60 | % | 18.16 | % | 16.75 | %*** | 8.78 | %*** | 11.26 | % | 7.02 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.00 | % | 1.10 | % | 0.85 | % | 1.20 | % | 1.20 | % | 0.85 | % | 1.00 | % | 1.10 | % | 1.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.227627 | $ | 12.358621 | $ | 25.266640 | $ | 12.665430 | $ | 12.328155 | $ | 7.727713 | $ | 11.713852 | $ | 15.926058 | $ | 11.881918 | $ | 15.356308 | ||||||||||||||||||||
|
Total Return *
|
-1.84 | % | -9.55 | %*** | 5.10 | % | -5.81 | % | -7.65 | % | -11.69 | % | -7.38 | %*** | -7.99 | % | -7.70 | % | -2.58 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.25 | % | 1.10 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.10 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.382027 | $ | 12.792624 | $ | 24.041331 | $ | 13.446113 | $ | 13.349617 | $ | 8.751043 | $ | 12.611990 | $ | 17.309587 | $ | 12.873477 | $ | 15.763517 | ||||||||||||||||||||
|
Total Return *
|
10.12 | % | 25.14 | % | 6.45 | % | 3.93 | %*** | 22.91 | % | 7.40 | % | 15.68 | % | 10.97 | % | 16.12 | % | 24.64 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.35 | % | 1.10 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.10 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 7.611388 | $ | 10.222878 | $ | 22.584355 | $ | 11.702888 | $ | 10.861081 | $ | 8.148045 | $ | 10.902034 | $ | 15.598755 | $ | 11.086130 | $ | 12.646845 | ||||||||||||||||||||
|
Total Return *
|
25.23 | % | 31.81 | % | 12.91 | % | 21.28 | % | 2.03 | %*** | 23.37 | % | 30.89 | % | 35.36 | % | 22.93 | % | 33.13 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.35 | % | 1.10 | % | 1.35 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.10 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 6.077994 | $ | 7.755973 | $ | 20.002660 | $ | 9.649295 | $ | 8.241286 | $ | 6.604318 | $ | 8.329075 | $ | 11.524130 | $ | 9.018126 | $ | 9.499926 | ||||||||||||||||||||
|
Total Return *
|
-34.06 | %*** | -34.03 | % | -6.21 | % | 7.15 | %*** | -36.95 | % | -32.20 | %*** | -36.50 | % | -35.61 | %*** | -38.35 | % | -40.48 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.35 | % | 1.10 | % | 1.35 | % | 1.35 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.10 | % | 1.25 | % | ||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values.
|
|
Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/Franklin
Templeton Mutual
Shares Portfolio
|
JNL/Franklin
Templeton
Small Cap
Value Portfolio
|
JNL/
Goldman Sachs
Core Plus
Bond Portfolio
|
JNL/Goldman
Sachs Emerging
Markets Debt
Portfolio(a)
|
JNL/
Goldman Sachs
Mid Cap
Value Portfolio
|
JNL/Goldman
Sachs U.S.
Equity Flex
Portfolio
|
JNL/Invesco
Global Real Estate
Portfolio
|
JNL/Invesco
International
Growth Portfolio
|
JNL/Invesco
Large Cap
Growth Portfolio
|
JNL/Invesco
Small Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 28,473 | $ | 22,557 | $ | 41,804 | $ | 17,700 | $ | 26,407 | $ | 6,831 | $ | 36,326 | $ | 23,664 | $ | 21,018 | $ | 15,231 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
3,145 | 1,615 | 1,701 | 1,197 | 1,891 | 765 | 2,520 | 1,405 | 1,678 | 887 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.55 | % | 0.27 | % | 2.46 | % | 0.00 | % | 1.18 | % | 0.39 | % | 0.78 | % | 1.73 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 22,395 | $ | 16,217 | $ | 30,199 | $ | 17,233 | $ | 22,894 | $ | 5,277 | $ | 19,221 | $ | 18,854 | $ | 16,200 | $ | 10,988 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
2,771 | 1,345 | 1,310 | 1,378 | 1,902 | 696 | 1,688 | 1,283 | 1,433 | 743 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
2.62 | % | 0.32 | % | 2.07 | % | 5.19 | % | 0.86 | % | 0.12 | % | 2.67 | % | 0.71 | % | 0.16 | % | 0.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 17,073 | $ | 13,064 | $ | 23,678 | $ | 14,482 | $ | 11,928 | $ | 5,598 | $ | 16,691 | $ | 18,691 | $ | 13,781 | $ | 9,681 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
2,069 | 1,038 | 1,084 | 1,087 | 914 | 650 | 1,354 | 1,181 | 1,124 | 637 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.03 | % | 0.56 | % | 2.74 | % | 1.32 | % | 0.64 | % | 0.76 | % | 5.36 | % | 0.67 | % | 0.30 | % | 0.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 10,152 | $ | 5,783 | $ | 18,061 | $ | 3,676 | $ | 5,694 | $ | 3,506 | $ | 9,829 | $ | 16,218 | $ | 9,404 | $ | 6,353 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
1,351 | 574 | 886 | 316 | 536 | 436 | 919 | 1,140 | 892 | 522 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
4.44 | % | 0.99 | % | 4.89 | % | 0.22 | % | 1.33 | % | 0.97 | % | 3.02 | % | 2.22 | % | 0.31 | % | 0.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 5,576 | $ | 2,371 | $ | 14,518 | $ | 90 | $ | 2,680 | $ | 1,601 | $ | 4,718 | $ | 9,437 | $ | 5,553 | $ | 2,303 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
925 | 310 | 825 | 9 | 331 | 245 | 577 | 906 | 650 | 254 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.00 | % | 1.14 | % | 3.90 | % | 0.00 | % | 0.99 | % | 0.00 | % | 2.10 | % | 0.45 | % | 0.15 | % | 0.00 | % | ||||||||||||||||||||
|
*
|
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/Ivy
Asset Strategy
Portfolio(b)
|
JNL/JPMorgan
International
Value Portfolio
|
JNL/JPMorgan
MidCap Growth
Portfolio
|
JNL/JPMorgan
U.S. Government
& Quality Bond
Portfolio
|
JNL/Lazard
Emerging Markets
Portfolio
|
JNL/Lazard
Mid Cap
Equity Portfolio
|
JNL/M&G
Global Basics
Portfolio(a)
|
JNL/M&G
Global Leaders
Portfolio(a)
|
JNL/MCM
10 x 10
Portfolio
|
JNL/MCM
25 Portfolio
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.314614 | $ | 9.288562 | $ | 20.131128 | $ | 13.368705 | $ | 12.416942 | $ | 14.354642 | $ | 13.050297 | $ | 11.881228 | $ | 9.054294 | $ | 14.435226 | ||||||||||||||||||||
|
Total Return *
|
14.00 | % | 12.92 | % | 12.89 | % | -0.43 | % | 18.51 | % | 3.90 | % | 5.27 | % | 11.97 | % | 13.13 | % | 14.31 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.81 | % | 3.67 | % | 2.92 | % | 4.00 | % | 3.06 | % | 3.62 | % | 2.46 | % | 2.45 | % | 2.47 | % | 2.92 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.925279 | $ | 8.225484 | $ | 17.832882 | $ | 13.426724 | $ | 10.477346 | $ | 13.815382 | $ | 12.396903 | $ | 10.610784 | $ | 8.003769 | $ | 12.628671 | ||||||||||||||||||||
|
Total Return *
|
-10.05 | % | -16.00 | % | -8.60 | % | 5.54 | % | -20.22 | % | -9.01 | % | -14.03 | % | -13.80 | % | -4.47 | % | 5.75 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.81 | % | 3.67 | % | 2.92 | % | 4.00 | % | 3.06 | % | 3.62 | % | 2.46 | % | 2.45 | % | 2.47 | % | 2.92 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.034330 | $ | 9.791874 | $ | 19.509756 | $ | 12.722158 | $ | 13.133006 | $ | 15.183516 | $ | 14.419391 | $ | 12.310144 | $ | 8.378355 | $ | 11.942160 | ||||||||||||||||||||
|
Total Return *
|
5.25 | %*** | 3.71 | % | 21.98 | % | 3.13 | % | 18.23 | % | 18.69 | % | 20.95 | %*** | 10.48 | % | 13.59 | % | 19.32 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.81 | % | 3.67 | % | 2.92 | % | 4.00 | % | 3.06 | % | 3.62 | % | 2.46 | % | 2.45 | % | 2.47 | % | 2.92 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.346684 | $ | 9.442039 | $ | 15.994559 | $ | 12.335502 | $ | 11.107627 | $ | 12.792119 | $ | 12.027677 | $ | 11.142480 | $ | 7.375850 | $ | 10.008869 | ||||||||||||||||||||
|
Total Return *
|
-0.34 | %*** | 25.48 | % | 38.84 | % | -0.37 | % | 66.56 | % | 34.69 | % | 2.20 | %*** | 52.64 | %*** | 21.55 | % | 48.54 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.37 | % | 3.67 | % | 2.92 | % | 4.00 | % | 3.06 | % | 3.62 | % | 2.32 | % | 2.45 | % | 2.47 | % | 2.92 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | $ | 7.524892 | $ | 11.519886 | $ | 12.381527 | $ | 6.668671 | $ | 9.497574 | $ | 8.387379 | $ | 8.317768 | $ | 6.068298 | $ | 6.738050 | |||||||||||||||||||||
|
Total Return *
|
n/a | -46.49 | % | -46.04 | % | 2.36 | % | -51.55 | % | -41.13 | % | 3.40 | %*** | 12.15 | %*** | -37.80 | % | -37.09 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | 3.67 | % | 2.92 | % | 4.00 | % | 3.06 | % | 3.62 | % | 1.65 | % | 2.00 | % | 2.47 | % | 2.92 | % | |||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,
|
|
inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values.
|
|
Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
(b)
|
Commencement of operations September 28, 2009.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/Ivy
Asset Strategy
Portfolio(b)
|
JNL/JPMorgan
International
Value Portfolio
|
JNL/JPMorgan
MidCap Growth
Portfolio
|
JNL/JPMorgan
U.S. Government
& Quality Bond
Portfolio
|
JNL/Lazard
Emerging Markets
Portfolio
|
JNL/Lazard
Mid Cap
Equity Portfolio
|
JNL/M&G
Global Basics
Portfolio(a)
|
JNL/M&G
Global Leaders
Portfolio(a)
|
JNL/MCM
10 x 10
Portfolio
|
JNL/MCM
25 Portfolio
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 12.001718 | $ | 13.600982 | $ | 28.245166 | $ | 21.902507 | $ | 14.245087 | $ | 20.863336 | $ | 13.765150 | $ | 12.500932 | $ | 9.702499 | $ | 18.209120 | ||||||||||||||||||||
|
Total Return *
|
2.38 | %*** | 15.87 | % | 2.12 | %*** | 2.40 | % | 6.77 | %*** | 6.56 | % | 3.05 | %*** | 13.33 | % | 14.52 | % | 15.04 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.00 | % | 1.10 | % | 1.00 | % | 1.20 | % | 1.00 | % | 1.10 | % | 1.20 | % | 1.25 | % | 1.25 | % | 1.20 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.292229 | $ | 11.737899 | $ | 23.739928 | $ | 21.388486 | $ | 11.641544 | $ | 19.578498 | $ | 12.850625 | $ | 11.030677 | $ | 8.472480 | $ | 15.560870 | ||||||||||||||||||||
|
Total Return *
|
-8.59 | %*** | -13.82 | % | -7.01 | %*** | 8.53 | % | -18.73 | % | -6.69 | % | -13.07 | % | -2.30 | %*** | -3.31 | % | 7.52 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.10 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.10 | % | 1.35 | % | 1.25 | % | 1.25 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.238795 | $ | 13.619569 | $ | 25.333583 | $ | 19.708034 | $ | 14.324101 | $ | 20.983331 | $ | 14.782825 | $ | 12.613218 | $ | 8.762104 | $ | 14.471906 | ||||||||||||||||||||
|
Total Return *
|
8.34 | % | 6.41 | % | 24.04 | % | 6.06 | % | 20.45 | % | 21.72 | % | 21.43 | % | 11.70 | % | 14.99 | % | 21.33 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.10 | % | 1.25 | % | 1.20 | % | 1.20 | % | 1.10 | % | 1.35 | % | 1.35 | % | 1.25 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.373870 | $ | 12.799740 | $ | 20.424376 | $ | 18.581407 | $ | 11.891765 | $ | 17.238509 | $ | 12.173516 | $ | 11.291894 | $ | 7.620194 | $ | 11.928181 | ||||||||||||||||||||
|
Total Return *
|
4.38 | %*** | 28.74 | % | 41.18 | % | 2.46 | % | 2.85 | %*** | 38.13 | % | 45.03 | % | 35.55 | % | 23.04 | % | 51.04 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.10 | % | 1.25 | % | 1.20 | % | 1.20 | % | 1.10 | % | 1.35 | % | 1.35 | % | 1.25 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
n/a | $ | 9.942002 | $ | 14.466516 | $ | 18.135712 | $ | 6.998757 | $ | 12.480293 | $ | 8.393798 | $ | 8.330475 | $ | 6.193316 | $ | 7.897156 | |||||||||||||||||||||
|
Total Return *
|
n/a | -45.10 | % | -45.13 | % | 5.26 | % | -50.67 | % | -39.63 | % | 11.48 | %*** | 12.21 | %*** | -37.04 | % | -36.03 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
n/a | 1.10 | % | 1.25 | % | 1.20 | % | 1.25 | % | 1.10 | % | 1.35 | % | 1.35 | % | 1.25 | % | 1.25 | % | |||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values.
|
|
Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
(b)
|
Commencement of operations September 28, 2009.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/Ivy
Asset Strategy
Portfolio(b)
|
JNL/JPMorgan
International
Value Portfolio
|
JNL/JPMorgan
MidCap Growth
Portfolio
|
JNL/JPMorgan
U.S. Government
& Quality Bond
Portfolio
|
JNL/Lazard
Emerging Markets
Portfolio
|
JNL/Lazard
Mid Cap
Equity Portfolio
|
JNL/M&G
Global Basics
Portfolio(a)
|
JNL/M&G
Global Leaders
Portfolio(a)
|
JNL/MCM
10 x 10
Portfolio
|
JNL/MCM
25 Portfolio
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 81,633 | $ | 21,942 | $ | 17,299 | $ | 41,937 | $ | 45,233 | $ | 15,967 | $ | 3,676 | $ | 2,504 | $ | 34,975 | $ | 32,852 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
6,936 | 1,733 | 731 | 2,069 | 3,301 | 831 | 271 | 204 | 3,665 | 1,913 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.11 | % | 4.83 | % | 0.00 | % | 2.28 | % | 2.02 | % | 0.27 | % | 1.19 | % | 1.13 | % | 2.36 | % | 2.37 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 53,309 | $ | 17,379 | $ | 19,639 | $ | 35,432 | $ | 41,161 | $ | 14,088 | $ | 2,556 | $ | 1,890 | $ | 31,010 | $ | 22,351 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
5,225 | 1,586 | 945 | 1,791 | 3,618 | 782 | 200 | 173 | 3,710 | 1,520 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.16 | % | 2.80 | % | 0.00 | % | 2.62 | % | 1.04 | % | 0.68 | % | 0.22 | % | 0.81 | % | 1.48 | % | 2.58 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 30,214 | $ | 18,237 | $ | 19,305 | $ | 24,533 | $ | 56,931 | $ | 13,800 | $ | 1,664 | $ | 1,297 | $ | 28,351 | $ | 26,660 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
2,696 | 1,432 | 884 | 1,349 | 4,060 | 716 | 113 | 103 | 3,273 | 1,941 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.01 | % | 2.40 | % | 0.00 | % | 3.28 | % | 0.55 | % | 0.53 | % | 0.75 | % | 0.48 | % | 2.05 | % | 3.13 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 4,687 | $ | 19,101 | $ | 15,041 | $ | 17,065 | $ | 30,651 | $ | 10,301 | $ | 616 | $ | 465 | $ | 21,284 | $ | 9,395 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
452 | 1,587 | 882 | 1,008 | 2,620 | 654 | 51 | 41 | 2,818 | 838 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.00 | % | 4.38 | % | 0.00 | % | 2.66 | % | 2.46 | % | 0.83 | % | 0.61 | % | 1.25 | % | 4.74 | % | 3.81 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
n/a | $ | 14,626 | $ | 3,832 | $ | 14,559 | $ | 7,602 | $ | 7,070 | $ | 22 | $ | 38 | $ | 11,357 | $ | 11,781 | |||||||||||||||||||||
|
Units Outstanding (in thousands)
|
n/a | 1,560 | 397 | 896 | 1,100 | 619 | 3 | 5 | 1,845 | 1,607 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
n/a | 2.14 | % | 0.00 | % | 2.39 | % | 0.68 | % | 1.32 | % | 0.00 | % | 0.18 | % | 1.06 | % | 4.52 | % | |||||||||||||||||||||
|
*
|
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
(b)
|
Commencement of operations September 28, 2009.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/MCM
Bond Index
Portfolio
|
JNL/MCM
Communications
Sector Portfolio
|
JNL/MCM
Consumer Brands
Sector Portfolio
|
JNL/MCM
Dow Dividend
Portfolio
|
JNL/MCM Dow
Jones U.S. Contrarian
Opportunities
Index Portfolio(d)
|
JNL/MCM
Emerging Markets
Index Portfolio(c)
|
JNL/MCM
European 30
Portfolio(a)
|
JNL/MCM
Financial
Sector Portfolio
|
JNL/MCM
Global Alpha
Portfolio(b)
|
JNL/MCM
Healthcare
Sector Portfolio
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.037020 | $ | 5.059207 | $ | 10.936346 | $ | 7.085946 | $ | 10.046457 | $ | 10.327566 | $ | 11.268651 | $ | 6.565716 | $ | 9.801287 | $ | 11.173519 | ||||||||||||||||||||
|
Total Return *
|
-0.28 | % | 16.70 | % | 19.10 | % | 8.27 | % | -0.09 | %*** | 11.21 | %*** | 6.00 | % | 22.26 | % | -4.15 | % | 14.33 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
3.82 | % | 3.06 | % | 3.595 | % | 2.92 | % | 2.56 | % | 2.46 | % | 2.46 | % | 3.10 | % | 2.32 | % | 3.62 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.068043 | $ | 4.335113 | $ | 9.182378 | $ | 6.544599 | n/a | $ | 9.041881 | $ | 10.631165 | $ | 5.370175 | $ | 10.225383 | $ | 9.773195 | |||||||||||||||||||||
|
Total Return *
|
3.15 | % | -6.10 | % | 2.78 | % | 2.74 | % | n/a | -0.09 | %*** | -9.60 | % | -15.54 | % | 0.52 | % | 6.95 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
3.82 | % | 3.06 | % | 3.595 | % | 2.92 | % | n/a | 1.82 | % | 2.46 | % | 3.10 | % | 2.32 | % | 3.62 | % | |||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.730476 | $ | 4.616627 | $ | 8.933898 | $ | 6.370230 | n/a | n/a | $ | 11.760139 | $ | 6.358391 | $ | 10.172833 | $ | 9.138311 | ||||||||||||||||||||||
|
Total Return *
|
1.91 | % | 18.84 | % | 18.42 | % | 8.82 | % | n/a | n/a | -0.35 | % | 10.02 | % | 3.21 | %*** | 0.18 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
3.82 | % | 3.06 | % | 3.595 | % | 2.92 | % | n/a | n/a | 2.46 | % | 3.10 | % | 2.32 | % | 3.62 | % | ||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.529872 | $ | 3.884787 | $ | 7.544110 | $ | 5.853775 | n/a | n/a | $ | 11.801059 | $ | 5.779211 | $ | 9.824164 | $ | 9.121715 | ||||||||||||||||||||||
|
Total Return *
|
1.78 | % | 21.81 | % | 28.44 | % | 16.79 | % | n/a | n/a | 37.60 | % | 15.00 | % | -2.35 | %*** | 16.67 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
3.82 | % | 3.06 | % | 3.595 | % | 2.92 | % | n/a | n/a | 2.46 | % | 3.10 | % | 2.21 | % | 3.62 | % | ||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.345302 | $ | 3.189306 | $ | 5.873650 | $ | 5.012113 | n/a | n/a | $ | 8.576221 | $ | 5.025586 | n/a | $ | 7.818485 | |||||||||||||||||||||||
|
Total Return *
|
-0.19 | % | -41.46 | % | -33.72 | % | -50.82 | % | n/a | n/a | 16.18 | %*** | -52.15 | % | n/a | -25.93 | % | |||||||||||||||||||||||
|
Ratio of Expenses **
|
3.82 | % | 3.06 | % | 3.595 | % | 2.92 | % | n/a | n/a | 2.46 | % | 3.10 | % | n/a | 3.62 | % | |||||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
(b)
|
Commencement of operations September 28, 2009.
|
|
(c)
|
Commencement of operations August 29, 2011.
|
|
(d)
|
Commencement of operations April 30, 2012.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/MCM
Bond Index
Portfolio
|
JNL/MCM
Communications
Sector Portfolio
|
JNL/MCM
Consumer Brands
Sector Portfolio
|
JNL/MCM
Dow Dividend
Portfolio
|
JNL/MCM Dow
Jones U.S. Contrarian
Opportunities
Index Portfolio(d)
|
JNL/MCM
Emerging Markets
Index Portfolio(c)
|
JNL/MCM
European 30
Portfolio(a)
|
JNL/MCM
Financial
Sector Portfolio
|
JNL/MCM
Global Alpha
Portfolio(b)
|
JNL/MCM
Healthcare
Sector Portfolio
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 15.031760 | $ | 6.681594 | $ | 15.518465 | $ | 7.985981 | $ | 10.128567 | $ | 10.531884 | $ | 11.860954 | $ | 8.482107 | $ | 10.282229 | $ | 15.909183 | ||||||||||||||||||||
|
Total Return *
|
-0.04 | %*** | -0.81 | %*** | 0.76 | %*** | 10.16 | % | 6.40 | %*** | 0.73 | %*** | 7.29 | % | 24.61 | % | -0.24 | %*** | -1.98 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.00 | % | 1.00 | % | 1.00 | % | 1.20 | % | 1.35 | % | 1.00 | % | 1.25 | % | 1.20 | % | 0.85 | % | 1.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 14.509875 | $ | 5.437031 | $ | 12.304904 | $ | 7.249745 | n/a | $ | 9.038785 | $ | 11.055224 | $ | 6.806673 | $ | 10.451281 | $ | 13.145097 | |||||||||||||||||||||
|
Total Return *
|
5.98 | % | -4.39 | % | 5.21 | % | 1.46 | %*** | n/a | -0.03 | %*** | -8.50 | % | -13.93 | % | 1.51 | % | 9.50 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
1.10 | % | 1.25 | % | 1.25 | % | 1.20 | % | n/a | 1.35 | % | 1.25 | % | 1.20 | % | 1.35 | % | 1.25 | % | |||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 13.690850 | $ | 5.686513 | $ | 11.695318 | $ | 6.919764 | n/a | n/a | $ | 12.082548 | $ | 7.907944 | $ | 10.296112 | $ | 12.004152 | ||||||||||||||||||||||
|
Total Return *
|
4.72 | % | 21.01 | % | 21.23 | % | 10.66 | % | n/a | n/a | 0.87 | % | 12.13 | % | 4.57 | % | 2.59 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
1.10 | % | 1.25 | % | 1.25 | % | 1.25 | % | n/a | n/a | 1.25 | % | 1.20 | % | 1.35 | % | 1.25 | % | ||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 13.074377 | $ | 4.699190 | $ | 9.647037 | $ | 6.253416 | n/a | n/a | $ | 11.978916 | $ | 7.052330 | $ | 9.845736 | $ | 11.701635 | ||||||||||||||||||||||
|
Total Return *
|
4.59 | % | 24.03 | % | 31.49 | % | 18.76 | % | n/a | n/a | 14.71 | %*** | 17.20 | % | -0.82 | %*** | 19.47 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
1.10 | % | 1.25 | % | 1.25 | % | 1.25 | % | n/a | n/a | 1.25 | % | 1.20 | % | 1.35 | % | 1.25 | % | ||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 12.500500 | $ | 3.788673 | $ | 7.336631 | $ | 5.265477 | n/a | n/a | $ | 8.598569 | $ | 6.017266 | n/a | $ | 9.794926 | |||||||||||||||||||||||
|
Total Return *
|
2.56 | % | -40.39 | % | -32.14 | % | -49.99 | % | n/a | n/a | 9.77 | %*** | -45.11 | %*** | n/a | -24.16 | % | |||||||||||||||||||||||
|
Ratio of Expenses **
|
1.10 | % | 1.25 | % | 1.25 | % | 1.25 | % | n/a | n/a | 1.35 | % | 1.20 | % | n/a | 1.25 | % | |||||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
(b)
|
Commencement of operations September 28, 2009.
|
|
(c)
|
Commencement of operations August 29, 2011.
|
|
(d)
|
Commencement of operations April 30, 2012.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/MCM
Bond Index
Portfolio
|
JNL/MCM
Communications
Sector Portfolio
|
JNL/MCM
Consumer Brands
Sector Portfolio
|
JNL/MCM
Dow Dividend
Portfolio
|
JNL/MCM Dow
Jones U.S. Contrarian
Opportunities
Index Portfolio(d)
|
JNL/MCM
Emerging Markets
Index Portfolio(c)
|
JNL/MCM
European 30
Portfolio(a)
|
JNL/MCM
Financial
Sector Portfolio
|
JNL/MCM
Global Alpha
Portfolio(b)
|
JNL/MCM
Healthcare
Sector Portfolio
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 32,939 | $ | 10,005 | $ | 12,972 | $ | 29,352 | $ | 433 | $ | 8,491 | $ | 1,887 | $ | 19,350 | $ | 2,444 | $ | 27,339 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
2,345 | 1,611 | 906 | 3,783 | 43 | 812 | 161 | 2,433 | 242 | 1,865 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
2.34 | % | 3.49 | % | 0.57 | % | 3.04 | % | 0.00 | % | 0.04 | % | 3.62 | % | 1.05 | % | 0.00 | % | 0.88 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 28,141 | $ | 6,054 | $ | 5,465 | $ | 21,637 | n/a | $ | 113 | $ | 1,492 | $ | 9,654 | $ | 2,092 | $ | 18,150 | |||||||||||||||||||||
|
Units Outstanding (in thousands)
|
2,044 | 1,182 | 463 | 3,067 | n/a | 13 | 137 | 1,509 | 201 | 1,449 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
3.03 | % | 3.27 | % | 0.56 | % | 3.16 | % | n/a | 0.00 | % | 2.08 | % | 0.69 | % | 0.95 | % | 0.94 | % | |||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 22,461 | $ | 4,063 | $ | 3,220 | $ | 17,318 | n/a | n/a | $ | 1,306 | $ | 9,304 | $ | 917 | $ | 11,108 | ||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
1,725 | 746 | 287 | 2,558 | n/a | n/a | 109 | 1,247 | 89 | 971 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
2.69 | % | 3.28 | % | 0.49 | % | 3.09 | % | n/a | n/a | 0.07 | % | 1.31 | % | 0.00 | % | 1.16 | % | ||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 18,998 | $ | 1,568 | $ | 1,673 | $ | 13,360 | n/a | n/a | $ | 930 | $ | 6,988 | $ | 114 | $ | 8,822 | ||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
1,527 | 346 | 182 | 2,177 | n/a | n/a | 78 | 1,049 | 12 | 793 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
2.67 | % | 4.72 | % | 0.66 | % | 7.65 | % | n/a | n/a | 6.05 | % | 1.90 | % | 0.00 | % | 1.48 | % | ||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 19,683 | $ | 1,047 | $ | 1,088 | $ | 9,598 | n/a | n/a | $ | 23 | $ | 3,204 | n/a | $ | 8,686 | |||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
1,652 | 285 | 155 | 1,851 | n/a | n/a | 3 | 566 | n/a | 937 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
4.16 | % | 3.49 | % | 0.37 | % | 0.39 | % | n/a | n/a | 0.59 | % | 1.69 | % | n/a | 1.03 | % | |||||||||||||||||||||||
|
*
|
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
(b)
|
Commencement of operations September 28, 2009.
|
|
(c)
|
Commencement of operations August 29, 2011.
|
|
(d)
|
Commencement of operations April 30, 2012.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/MCM
Index 5
Portfolio
|
JNL/MCM
International
Index Portfolio
|
JNL/MCM
JNL 5
Portfolio
|
JNL/MCM
JNL Optimized
5 Portfolio
|
JNL/MCM
Nasdaq 25
Portfolio
|
JNL/MCM
NYSE International
25 Portfolio
|
JNL/MCM
Oil & Gas
Sector Portfolio
|
JNL/MCM
Pacific Rim 30
Portfolio(a)
|
JNL/MCM
S&P 24
Portfolio
|
JNL/MCM
S&P 400 MidCap
Index Portfolio
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.732936 | $ | 11.954577 | $ | 10.687935 | $ | 8.793140 | $ | 11.932755 | $ | 6.443828 | $ | 24.570833 | $ | 13.152889 | $ | 10.092357 | $ | 14.480131 | ||||||||||||||||||||
|
Total Return *
|
10.92 | % | 13.58 | % | 14.13 | % | 10.98 | % | 16.32 | % | 8.80 | % | 0.58 | % | 8.96 | % | 8.55 | % | 12.84 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.695 | % | 3.82 | % | 3.36 | % | 2.95 | % | 2.82 | % | 2.61 | % | 3.67 | % | 2.77 | % | 2.695 | % | 3.82 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.774960 | $ | 10.525030 | $ | 9.364430 | $ | 7.923453 | $ | 10.258367 | $ | 5.922364 | $ | 24.429425 | $ | 12.071817 | $ | 9.297026 | $ | 12.832940 | ||||||||||||||||||||
|
Total Return *
|
-4.68 | %*** | -15.54 | % | -5.30 | % | -12.46 | % | -0.84 | % | -25.82 | % | -0.44 | % | -4.55 | % | 2.13 | %*** | -5.80 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.695 | % | 3.82 | % | 3.36 | % | 2.95 | % | 2.82 | % | 2.61 | % | 3.67 | % | 2.77 | % | 2.695 | % | 3.82 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.205757 | $ | 12.461897 | $ | 9.888075 | $ | 9.050921 | $ | 10.345784 | $ | 7.983385 | $ | 24.537470 | $ | 12.646784 | $ | 9.103383 | $ | 13.623110 | ||||||||||||||||||||
|
Total Return *
|
12.70 | % | 2.81 | % | 13.24 | % | 10.36 | % | 13.94 | % | -0.37 | % | 14.82 | % | 2.81 | %*** | 13.46 | % | 21.12 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.695 | % | 3.82 | % | 3.36 | % | 2.95 | % | 2.82 | % | 2.61 | % | 3.67 | % | 2.77 | % | 2.695 | % | 3.82 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.168040 | $ | 12.121486 | $ | 8.732037 | $ | 8.200923 | $ | 9.079936 | $ | 8.013086 | $ | 21.371032 | $ | 11.581197 | $ | 8.023137 | $ | 11.247860 | ||||||||||||||||||||
|
Total Return *
|
21.83 | % | 24.44 | % | 20.03 | % | 33.72 | % | 30.38 | % | 32.54 | % | 15.76 | % | -1.43 | %*** | 15.68 | % | 32.86 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.695 | % | 3.82 | % | 3.36 | % | 2.95 | % | 2.82 | % | 2.61 | % | 3.67 | % | 2.32 | % | 2.695 | % | 3.82 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 6.704217 | $ | 9.741185 | $ | 7.274603 | $ | 6.132935 | $ | 6.964356 | $ | 6.045943 | $ | 18.461967 | $ | 9.557205 | $ | 6.935855 | $ | 8.465989 | ||||||||||||||||||||
|
Total Return *
|
-31.73 | % | -45.06 | % | -44.44 | % | -47.65 | % | -43.14 | % | -47.32 | % | -40.10 | % | 15.95 | %*** | -26.69 | %*** | -39.92 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.695 | % | 3.82 | % | 3.36 | % | 2.95 | % | 2.82 | % | 2.61 | % | 3.67 | % | 1.90 | % | 2.695 | % | 3.82 | % | ||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/MCM
Index 5
Portfolio
|
JNL/MCM
International
Index Portfolio
|
JNL/MCM
JNL 5
Portfolio
|
JNL/MCM
JNL Optimized
5 Portfolio
|
JNL/MCM
Nasdaq 25
Portfolio
|
JNL/MCM
NYSE International
25 Portfolio
|
JNL/MCM
Oil & Gas
Sector Portfolio
|
JNL/MCM
Pacific Rim 30
Portfolio(a)
|
JNL/MCM
S&P 24
Portfolio
|
JNL/MCM
S&P 400 MidCap
Index Portfolio
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.504460 | $ | 16.283294 | $ | 12.770439 | $ | 9.881606 | $ | 13.863086 | $ | 6.961858 | $ | 35.236162 | $ | 14.176473 | $ | 11.040021 | $ | 19.723854 | ||||||||||||||||||||
|
Total Return *
|
12.42 | % | 2.01 | %*** | 16.63 | % | 12.94 | % | -1.45 | %*** | 10.33 | % | -3.63 | %*** | 0.31 | %*** | 10.03 | % | 3.32 | %*** | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.00 | % | 1.20 | % | 1.20 | % | 1.00 | % | 1.25 | % | 1.00 | % | 1.00 | % | 1.35 | % | 1.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.343671 | $ | 13.662299 | $ | 10.949320 | $ | 8.749376 | $ | 11.534623 | $ | 6.309939 | $ | 33.267572 | $ | 12.679823 | $ | 10.033768 | $ | 16.658478 | ||||||||||||||||||||
|
Total Return *
|
-3.39 | % | -13.31 | % | -3.23 | % | -10.92 | % | 0.77 | % | -24.80 | % | 2.04 | % | -3.09 | % | 3.51 | % | -3.31 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.25 | % | 1.35 | % | 1.20 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.671778 | $ | 15.759270 | $ | 11.315208 | $ | 9.821450 | $ | 11.446489 | $ | 8.391196 | $ | 32.601597 | $ | 13.084010 | $ | 9.693872 | $ | 17.228089 | ||||||||||||||||||||
|
Total Return *
|
14.23 | % | 5.54 | % | 15.71 | % | 12.31 | % | 15.80 | % | 0.99 | % | 17.69 | % | 11.49 | % | 15.00 | % | 24.33 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.25 | % | 1.35 | % | 1.20 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.466867 | $ | 14.932353 | $ | 9.778792 | $ | 8.744697 | $ | 9.884589 | $ | 8.309309 | $ | 27.701731 | $ | 11.735522 | $ | 8.429408 | $ | 13.856434 | ||||||||||||||||||||
|
Total Return *
|
23.48 | % | 27.74 | % | 22.66 | % | 36.08 | % | 32.51 | % | -9.47 | %*** | 18.65 | % | 6.47 | %*** | 17.24 | % | 36.39 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.25 | % | 1.35 | % | 1.20 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 6.856637 | $ | 11.689743 | $ | 7.972541 | $ | 6.426124 | $ | 7.459688 | $ | 6.174597 | $ | 23.347075 | $ | 9.563759 | $ | 7.189709 | $ | 10.159610 | ||||||||||||||||||||
|
Total Return *
|
-30.81 | % | -43.60 | % | -43.22 | % | -39.81 | %*** | -33.11 | %*** | -46.66 | % | -38.60 | % | 7.51 | %*** | -33.63 | % | -38.33 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.35 | % | 1.20 | % | 1.60 | % | 1.35 | % | 1.20 | % | ||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/MCM
Index 5
Portfolio
|
JNL/MCM
International
Index Portfolio
|
JNL/MCM
JNL 5
Portfolio
|
JNL/MCM
JNL Optimized
5 Portfolio
|
JNL/MCM
Nasdaq 25
Portfolio
|
JNL/MCM
NYSE International
25 Portfolio
|
JNL/MCM
Oil & Gas
Sector Portfolio
|
JNL/MCM
Pacific Rim 30
Portfolio(a)
|
JNL/MCM
S&P 24
Portfolio
|
JNL/MCM
S&P 400 MidCap
Index Portfolio
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 50,449 | $ | 36,273 | $ | 229,094 | $ | 31,818 | $ | 14,651 | $ | 5,791 | $ | 46,921 | $ | 4,074 | $ | 2,337 | $ | 40,766 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
4,879 | 2,387 | 18,622 | 3,322 | 1,112 | 854 | 1,450 | 294 | 215 | 2,206 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.50 | % | 2.69 | % | 2.89 | % | 2.82 | % | 0.27 | % | 3.86 | % | 1.13 | % | 1.92 | % | 0.48 | % | 1.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 42,884 | $ | 31,357 | $ | 224,788 | $ | 30,661 | $ | 6,906 | $ | 5,244 | $ | 40,885 | $ | 3,212 | $ | 2,306 | $ | 35,429 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
4,652 | 2,402 | 21,250 | 3,601 | 620 | 850 | 1,302 | 256 | 233 | 2,218 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.11 | % | 2.64 | % | 3.20 | % | 1.89 | % | 0.53 | % | 2.39 | % | 0.77 | % | 1.44 | % | 0.52 | % | 0.63 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 29,867 | $ | 34,076 | $ | 255,347 | $ | 33,786 | $ | 5,545 | $ | 6,020 | $ | 30,493 | $ | 3,376 | $ | 1,552 | $ | 35,871 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
3,123 | 2,261 | 23,279 | 3,516 | 501 | 730 | 994 | 260 | 163 | 2,175 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.02 | % | 1.93 | % | 2.06 | % | 2.13 | % | 0.21 | % | 2.23 | % | 1.09 | % | 0.00 | % | 0.34 | % | 0.70 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 23,007 | $ | 32,115 | $ | 249,705 | $ | 26,986 | $ | 4,233 | $ | 5,157 | $ | 20,183 | $ | 850 | $ | 977 | $ | 24,246 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
2,742 | 2,238 | 26,219 | 3,139 | 441 | 629 | 772 | 73 | 118 | 1,820 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.37 | % | 2.70 | % | 3.68 | % | 2.95 | % | 0.00 | % | 5.16 | % | 1.05 | % | 3.01 | % | 0.09 | % | 1.18 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 4,148 | $ | 22,887 | $ | 219,942 | $ | 16,995 | $ | 2,841 | $ | 3,077 | $ | 13,205 | $ | 26 | $ | 6,139 | $ | 19,157 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
608 | 2,030 | 28,207 | 2,678 | 391 | 501 | 599 | 3 | 875 | 1,964 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.32 | % | 1.79 | % | 2.19 | % | 0.01 | % | 0.03 | % | 0.01 | % | 0.58 | % | 0.00 | % | 0.00 | % | 1.09 | % | ||||||||||||||||||||
|
*
|
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
|
(a)
|
Commencement of operations October 6, 2008.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/MCM
S&P 500
Index Portfolio
|
JNL/MCM
S&P SMid
60 Portfolio
|
JNL/MCM
Select Small-Cap
Portfolio
|
JNL/MCM
Small Cap
Index Portfolio
|
JNL/MCM
Technology
Sector Portfolio
|
JNL/MCM
Value Line 30
Portfolio
|
JNL/MCM
VIP Portfolio
|
JNL/Morgan
Stanley Mid
Cap Growth
Portfolio(a)
|
JNL/Neuberger
Berman
Strategic Income
Portfolio(a)
|
JNL/
Oppenheimer
Global Growth
Portfolio
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.557977 | $ | 10.898391 | $ | 11.518951 | $ | 12.577766 | $ | 6.033679 | $ | 8.825143 | $ | 10.408229 | $ | 9.430240 | $ | 10.378186 | $ | 12.087946 | ||||||||||||||||||||
|
Total Return *
|
11.04 | % | 10.70 | % | 12.06 | % | 11.53 | % | 7.83 | % | 5.55 | % | 8.75 | % | 3.41 | %*** | 4.46 | %*** | 16.62 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
3.82 | % | 2.80 | % | 3.36 | % | 3.82 | % | 3.10 | % | 3.36 | % | 3.06 | % | 2.45 | % | 2.31 | % | 3.30 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.607958 | $ | 9.845349 | $ | 10.279034 | $ | 11.277101 | $ | 5.595727 | $ | 8.361326 | $ | 9.570563 | n/a | n/a | $ | 10.365544 | ||||||||||||||||||||||
|
Total Return *
|
-2.32 | % | -10.26 | % | -1.98 | % | -7.92 | % | -3.36 | % | -25.52 | % | -6.56 | % | n/a | n/a | -11.19 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
3.82 | % | 2.80 | % | 3.36 | % | 3.82 | % | 3.10 | % | 3.36 | % | 3.06 | % | n/a | n/a | 3.30 | % | ||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.812777 | $ | 10.970531 | $ | 10.486936 | $ | 12.246469 | $ | 5.790370 | $ | 11.226452 | $ | 10.242365 | n/a | n/a | $ | 11.671742 | ||||||||||||||||||||||
|
Total Return *
|
10.15 | % | 17.43 | % | 11.43 | % | 21.59 | % | 8.69 | % | 18.41 | % | 11.84 | % | n/a | n/a | 11.63 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
3.82 | % | 2.80 | % | 3.36 | % | 3.82 | % | 3.10 | % | 3.36 | % | 3.06 | % | n/a | n/a | 3.30 | % | ||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.000841 | $ | 9.342505 | $ | 9.411601 | $ | 10.072059 | $ | 5.327626 | $ | 9.481303 | $ | 9.158067 | n/a | n/a | $ | 10.455341 | ||||||||||||||||||||||
|
Total Return *
|
21.25 | % | 57.13 | % | 1.43 | % | 22.60 | % | 58.82 | % | 10.89 | % | 20.21 | % | n/a | n/a | 34.90 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
3.82 | % | 2.80 | % | 3.36 | % | 3.82 | % | 3.10 | % | 3.36 | % | 3.06 | % | n/a | n/a | 3.30 | % | ||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 6.598750 | $ | 5.945811 | $ | 9.279117 | $ | 8.215282 | $ | 3.354513 | $ | 8.549882 | $ | 7.618122 | n/a | n/a | $ | 7.750635 | ||||||||||||||||||||||
|
Total Return *
|
-39.98 | % | -32.15 | % | -42.04 | % | -37.37 | % | -45.15 | % | -49.18 | % | -44.51 | % | n/a | n/a | -42.78 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
3.82 | % | 2.80 | % | 3.36 | % | 3.82 | % | 3.10 | % | 3.36 | % | 3.06 | % | n/a | n/a | 3.30 | % | ||||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations April 30, 2012.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/MCM
S&P 500
Index Portfolio
|
JNL/MCM
S&P SMid
60 Portfolio
|
JNL/MCM
Select Small-Cap
Portfolio
|
JNL/MCM
Small Cap
Index Portfolio
|
JNL/MCM
Technology
Sector Portfolio
|
JNL/MCM
Value Line 30
Portfolio
|
JNL/MCM
VIP Portfolio
|
JNL/Morgan
Stanley Mid
Cap Growth
Portfolio(a)
|
JNL/Neuberger
Berman
Strategic Income
Portfolio(a)
|
JNL/
Oppenheimer
Global Growth
Portfolio
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 13.018981 | $ | 12.068857 | $ | 15.419966 | $ | 17.132383 | $ | 8.007603 | $ | 10.544705 | $ | 12.082783 | $ | 9.500450 | $ | 10.445070 | $ | 15.626425 | ||||||||||||||||||||
|
Total Return *
|
-1.54 | %*** | 3.64 | %*** | 14.52 | % | 1.32 | %*** | -5.30 | %*** | 7.86 | % | 10.74 | % | 3.94 | %*** | 0.81 | %*** | 19.22 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.00 | % | 1.00 | % | 1.20 | % | 1.00 | % | 1.00 | % | 1.20 | % | 1.25 | % | 1.35 | % | 1.35 | % | 1.10 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.285867 | $ | 10.583722 | $ | 13.465318 | $ | 14.638349 | $ | 7.052998 | $ | 9.776439 | $ | 10.910497 | n/a | n/a | $ | 13.107449 | ||||||||||||||||||||||
|
Total Return *
|
0.36 | % | -8.86 | % | 0.15 | % | -5.48 | % | -1.56 | % | -23.90 | % | -4.86 | % | n/a | n/a | -9.22 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
1.10 | % | 1.25 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.25 | % | n/a | n/a | 1.10 | % | ||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.245180 | $ | 11.612498 | $ | 13.444909 | $ | 15.486630 | $ | 7.164897 | $ | 12.846735 | $ | 11.467586 | n/a | n/a | $ | 14.438869 | ||||||||||||||||||||||
|
Total Return *
|
13.19 | % | 19.26 | % | 13.86 | % | 24.82 | % | 10.71 | % | 20.99 | % | 13.88 | % | n/a | n/a | 14.12 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
1.10 | % | 1.25 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.25 | % | n/a | n/a | 1.10 | % | ||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.935174 | $ | 9.737114 | $ | 11.808406 | $ | 12.407508 | $ | 6.471498 | $ | 10.617842 | $ | 10.069636 | n/a | n/a | $ | 12.652627 | ||||||||||||||||||||||
|
Total Return *
|
24.59 | % | 21.01 | %*** | 4.40 | %*** | 25.86 | % | 61.78 | % | 13.32 | % | 22.41 | % | n/a | n/a | 37.90 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
1.10 | % | 1.25 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.25 | % | n/a | n/a | 1.10 | % | ||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 7.974214 | $ | 6.091650 | $ | 11.339771 | $ | 9.858535 | $ | 4.000061 | $ | 9.370137 | $ | 8.226249 | n/a | n/a | $ | 9.175389 | ||||||||||||||||||||||
|
Total Return *
|
-38.32 | % | -31.15 | % | -40.80 | % | -35.71 | % | -44.12 | % | -48.07 | % | -43.50 | % | n/a | n/a | -41.51 | % | ||||||||||||||||||||||
|
Ratio of Expenses **
|
1.10 | % | 1.35 | % | 1.25 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.25 | % | n/a | n/a | 1.10 | % | ||||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations April 30, 2012.
|
|
JNLNY Separate Account I
|
|
Notes to Financial Statements (continued)
|
|
Note 7 - Financial Highlights (continued)
|
|
JNL/MCM
S&P 500
Index Portfolio
|
JNL/MCM
S&P SMid
60 Portfolio
|
JNL/MCM
Select Small-Cap
Portfolio
|
JNL/MCM
Small Cap
Index Portfolio
|
JNL/MCM
Technology
Sector Portfolio
|
JNL/MCM
Value Line 30
Portfolio
|
JNL/MCM
VIP Portfolio
|
JNL/Morgan
Stanley Mid
Cap Growth
Portfolio(a)
|
JNL/Neuberger
Berman
Strategic Income
Portfolio(a)
|
JNL/
Oppenheimer
Global Growth
Portfolio
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 123,527 | $ | 6,871 | $ | 8,647 | $ | 34,922 | $ | 32,856 | $ | 23,652 | $ | 12,771 | $ | 702 | $ | 3,680 | $ | 32,152 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
10,096 | 590 | 591 | 2,178 | 4,470 | 2,333 | 1,095 | 74 | 353 | 2,182 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.66 | % | 0.67 | % | 0.16 | % | 1.66 | % | 0.28 | % | 0.06 | % | 2.13 | % | 0.76 | % | 0.00 | % | 1.06 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 95,155 | $ | 11,333 | $ | 7,412 | $ | 29,344 | $ | 20,787 | $ | 29,159 | $ | 11,393 | n/a | n/a | $ | 25,541 | ||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
8,847 | 1,090 | 583 | 2,094 | 3,099 | 3,089 | 1,080 | n/a | n/a | 2,059 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
2.17 | % | 0.75 | % | 1.09 | % | 0.78 | % | 0.18 | % | 0.00 | % | 1.36 | % | n/a | n/a | 0.64 | % | ||||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 65,928 | $ | 11,167 | $ | 8,068 | $ | 31,066 | $ | 19,317 | $ | 31,854 | $ | 11,905 | n/a | n/a | $ | 21,462 | ||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
6,112 | 977 | 639 | 2,092 | 2,843 | 2,564 | 1,069 | n/a | n/a | 1,570 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.42 | % | 0.09 | % | 0.52 | % | 0.65 | % | 0.14 | % | 0.59 | % | 2.35 | % | n/a | n/a | 0.84 | % | ||||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 45,164 | $ | 9,384 | $ | 6,319 | $ | 25,412 | $ | 20,520 | $ | 29,692 | $ | 11,754 | n/a | n/a | $ | 15,773 | ||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
4,736 | 976 | 572 | 2,128 | 3,339 | 2,880 | 1,196 | n/a | n/a | 1,314 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.67 | % | 1.10 | % | 1.07 | % | 0.82 | % | 0.12 | % | 0.13 | % | 1.81 | % | n/a | n/a | 1.61 | % | ||||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 25,662 | $ | 4,163 | $ | 4,986 | $ | 18,450 | $ | 2,878 | $ | 33,476 | $ | 10,219 | n/a | n/a | $ | 9,571 | ||||||||||||||||||||||
|
Units Outstanding (in thousands)
|
3,354 | 689 | 473 | 1,941 | 758 | 3,670 | 1,268 | n/a | n/a | 1,098 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.57 | % | 0.03 | % | 0.29 | % | 1.38 | % | 0.02 | % | 0.32 | % | 1.51 | % | n/a | n/a | 1.38 | % | ||||||||||||||||||||||
|
*
|
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
|
(a)
|
Commencement of operations April 30, 2012.
|
|
JNL/PIMCO
Real Return
Portfolio
|
JNL/PIMCO
Total Return
Bond Portfolio
|
JNL/PPM
America Floating
Rate Income
Portfolio
|
JNL/
PPM America
High Yield
Bond Portfolio
|
JNL/
PPM America
Mid Cap Value
Portfolio(a)
|
JNL/
PPM America
Small Cap Value
Portfolio(a)
|
JNL/
PPM America
Value Equity
Portfolio
|
JNL/
Red Rocks Listed
Private Equity
Portfolio(b)
|
JNL/S&P 4
Portfolio
|
JNL/S&P
Competitive
Advantage
Portfolio
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 13.725632 | $ | 13.745677 | $ | 10.264129 | $ | 14.539145 | $ | 10.287545 | $ | 10.532033 | $ | 13.171132 | $ | 10.076497 | $ | 11.610352 | $ | 12.843302 | ||||||||||||||||||||
|
Total Return *
|
5.30 | % | 3.84 | % | 2.69 | %*** | 13.22 | % | 13.24 | % | 16.65 | % | 11.54 | % | 26.89 | % | 12.84 | % | 13.60 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.92 | % | 4.00 | % | 2.81 | % | 3.06 | % | 2.77 | % | 2.56 | % | 3.62 | % | 2.62 | % | 2.95 | % | 2.62 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 13.034508 | $ | 13.237441 | $ | 9.813265 | $ | 12.840972 | $ | 9.084554 | $ | 9.028677 | $ | 11.808634 | $ | 7.941350 | $ | 10.288829 | $ | 11.305556 | ||||||||||||||||||||
|
Total Return *
|
8.51 | % | 0.73 | % | 3.29 | %*** | 1.52 | % | -9.93 | % | -10.34 | % | -8.62 | % | -20.08 | % | 2.80 | % | 7.68 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.92 | % | 4.00 | % | 2.595 | % | 3.06 | % | 2.77 | % | 2.56 | % | 3.62 | % | 2.62 | % | 2.95 | % | 2.62 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 12.012545 | $ | 13.141741 | n/a | $ | 12.648094 | $ | 10.086549 | $ | 10.070203 | $ | 12.922995 | $ | 9.937014 | $ | 10.008757 | $ | 10.499543 | |||||||||||||||||||||
|
Total Return *
|
4.62 | % | 3.35 | % | n/a | 12.15 | % | 14.61 | %*** | 24.48 | % | 13.28 | % | 23.05 | %*** | 10.49 | %*** | 9.71 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
2.92 | % | 4.00 | % | n/a | 3.06 | % | 2.77 | % | 2.56 | % | 3.62 | % | 2.62 | % | 2.95 | % | 2.62 | % | |||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.481733 | $ | 12.715484 | n/a | $ | 11.278177 | $ | 8.032651 | $ | 8.089606 | $ | 11.407772 | $ | 8.083713 | $ | 9.084017 | $ | 9.570035 | |||||||||||||||||||||
|
Total Return *
|
13.87 | % | 10.93 | % | n/a | 41.89 | % | 43.66 | % | 30.59 | % | 39.44 | % | 27.38 | %*** | 37.90 | % | 19.06 | %*** | |||||||||||||||||||||
|
Ratio of Expenses **
|
2.92 | % | 4.00 | % | n/a | 3.06 | % | 2.56 | % | 2.56 | % | 3.62 | % | 2.56 | % | 2.82 | % | 2.62 | % | |||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.083121 | $ | 11.462899 | n/a | $ | 7.948482 | $ | 5.591445 | $ | 6.194830 | $ | 8.181282 | $ | 5.911761 | $ | 6.587250 | $ | 6.824072 | |||||||||||||||||||||
|
Total Return *
|
-8.65 | %*** | -3.54 | % | n/a | -32.84 | % | -47.33 | %*** | -41.04 | %*** | -49.09 | % | -20.15 | %*** | -28.12 | %*** | -29.32 | %*** | |||||||||||||||||||||
|
Ratio of Expenses **
|
2.92 | % | 4.00 | % | n/a | 3.06 | % | 2.56 | % | 2.56 | % | 3.62 | % | 2.32 | % | 2.82 | % | 2.46 | % | |||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations March 31, 2008.
|
|
(b)
|
Commencement of operations October 6, 2008.
|
|
JNL/PIMCO
Real Return
Portfolio
|
JNL/PIMCO
Total Return
Bond Portfolio
|
JNL/PPM
America Floating
Rate Income
Portfolio
|
JNL/
PPM America
High Yield
Bond Portfolio
|
JNL/
PPM America
Mid Cap Value
Portfolio(a)
|
JNL/
PPM America
Small Cap Value
Portfolio(a)
|
JNL/
PPM America
Value Equity
Portfolio
|
JNL/
Red Rocks Listed
Private Equity
Portfolio(b)
|
JNL/S&P 4
Portfolio
|
JNL/S&P
Competitive
Advantage
Portfolio
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 15.388594 | $ | 21.452391 | $ | 10.642622 | $ | 19.736528 | $ | 11.190626 | $ | 11.234940 | $ | 20.023195 | $ | 10.861067 | $ | 12.819083 | $ | 13.769500 | ||||||||||||||||||||
|
Total Return *
|
6.33 | %*** | 0.53 | %*** | 1.40 | %*** | 10.16 | %*** | 6.15 | %*** | 18.25 | %*** | 14.22 | % | 20.39 | %*** | -0.52 | %*** | 15.17 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | 1.20 | % | 1.25 | % | 0.85 | % | 1.00 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 14.193702 | $ | 19.772736 | $ | 9.950207 | $ | 16.850240 | $ | 9.581893 | $ | 9.483068 | $ | 17.530227 | $ | 8.301161 | $ | 11.049760 | $ | 11.955476 | ||||||||||||||||||||
|
Total Return *
|
10.38 | % | 3.68 | % | -0.95 | %*** | 3.53 | % | -8.65 | % | -9.16 | %*** | -6.44 | % | -23.94 | %*** | 4.61 | % | 9.16 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.10 | % | 1.20 | % | 1.10 | % | 1.35 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.20 | % | 1.25 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 12.858377 | $ | 19.070164 | n/a | $ | 16.275861 | $ | 10.489142 | $ | 10.411098 | $ | 18.736365 | $ | 10.223513 | $ | 10.562974 | $ | 10.952490 | |||||||||||||||||||||
|
Total Return *
|
6.44 | % | 6.39 | % | n/a | 14.37 | % | 27.84 | % | 26.00 | % | 16.00 | % | 24.62 | % | 12.44 | % | 11.23 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.10 | % | n/a | 1.10 | % | 1.35 | % | 1.35 | % | 1.25 | % | 1.35 | % | 1.20 | % | 1.25 | % | |||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 12.080609 | $ | 17.924159 | n/a | $ | 14.231312 | $ | 8.204833 | $ | 8.262864 | $ | 16.152117 | $ | 8.203565 | $ | 9.394582 | $ | 9.846991 | |||||||||||||||||||||
|
Total Return *
|
-1.16 | %*** | 14.19 | % | n/a | 44.70 | % | 45.41 | % | 32.18 | % | 42.78 | % | 38.45 | % | -1.36 | %*** | 42.43 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.10 | % | n/a | 1.10 | % | 1.35 | % | 1.35 | % | 1.25 | % | 1.35 | % | 1.20 | % | 1.25 | % | |||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.418261 | $ | 15.696593 | n/a | $ | 9.834823 | $ | 5.642615 | $ | 6.251399 | $ | 11.312423 | $ | 5.925490 | $ | 6.699490 | $ | 6.913687 | |||||||||||||||||||||
|
Total Return *
|
-4.93 | % | -0.70 | % | n/a | -31.51 | % | -47.13 | %*** | -40.54 | %*** | -47.87 | % | -24.16 | %*** | -30.46 | %*** | -30.28 | % | |||||||||||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.10 | % | n/a | 1.10 | % | 1.35 | % | 1.35 | % | 1.25 | % | 1.35 | % | 1.25 | % | 1.25 | % | |||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
(a)
|
Commencement of operations March 31, 2008.
|
|
(b)
|
Commencement of operations October 6, 2008.
|
|
JNL/PIMCO
Real Return
Portfolio
|
JNL/PIMCO
Total Return
Bond Portfolio
|
JNL/PPM
America Floating
Rate Income
Portfolio
|
JNL/
PPM America
High Yield
Bond Portfolio
|
JNL/
PPM America
Mid Cap Value
Portfolio(a)
|
JNL/
PPM America
Small Cap Value
Portfolio(a)
|
JNL/
PPM America
Value Equity
Portfolio
|
JNL/
Red Rocks Listed
Private Equity
Portfolio(b)
|
JNL/S&P 4
Portfolio
|
JNL/S&P
Competitive
Advantage
Portfolio
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 111,530 | $ | 259,261 | $ | 14,170 | $ | 71,646 | $ | 5,314 | $ | 4,598 | $ | 5,003 | $ | 12,552 | $ | 67,214 | $ | 14,021 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
7,508 | 13,242 | 1,348 | 4,004 | 488 | 415 | 320 | 1,191 | 5,399 | 1,035 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
2.07 | % | 2.12 | % | 3.29 | % | 5.98 | % | 0.36 | % | 1.08 | % | 1.38 | % | 0.00 | % | 1.88 | % | 0.69 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 76,215 | $ | 191,091 | $ | 5,808 | $ | 49,959 | $ | 3,700 | $ | 3,097 | $ | 4,165 | $ | 9,423 | $ | 53,136 | $ | 3,763 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
5,478 | 10,425 | 586 | 3,231 | 390 | 330 | 320 | 1,150 | 4,885 | 318 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.99 | % | 3.19 | % | 0.00 | % | 7.50 | % | 0.13 | % | 0.23 | % | 1.12 | % | 9.14 | % | 4.77 | % | 0.59 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 45,868 | $ | 155,396 | n/a | $ | 38,138 | $ | 2,879 | $ | 2,589 | $ | 5,414 | $ | 5,977 | $ | 46,655 | $ | 5,117 | |||||||||||||||||||||
|
Units Outstanding (in thousands)
|
3,628 | 8,812 | n/a | 2,558 | 276 | 250 | 395 | 588 | 4,471 | 474 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.65 | % | 2.46 | % | n/a | 7.46 | % | 0.00 | % | 0.22 | % | 1.56 | % | 0.29 | % | 0.00 | % | 0.58 | % | |||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 27,003 | $ | 95,964 | n/a | $ | 28,838 | $ | 770 | $ | 780 | $ | 3,170 | $ | 1,654 | $ | 35,257 | $ | 11,377 | |||||||||||||||||||||
|
Units Outstanding (in thousands)
|
2,267 | 5,847 | n/a | 2,221 | 94 | 95 | 299 | 202 | 3,785 | 1,169 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
3.10 | % | 3.55 | % | n/a | 8.43 | % | 0.79 | % | 0.74 | % | 5.57 | % | 5.56 | % | 1.29 | % | 0.02 | % | |||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 15,786 | $ | 39,877 | n/a | $ | 11,560 | $ | 188 | $ | 166 | $ | 2,063 | $ | 238 | $ | 9,167 | $ | 2,164 | |||||||||||||||||||||
|
Units Outstanding (in thousands)
|
1,530 | 2,782 | n/a | 1,306 | 33 | 27 | 305 | 40 | 1,374 | 315 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.75 | % | 4.39 | % | n/a | 8.74 | % | 0.98 | % | 0.49 | % | 2.45 | % | 0.99 | % | 0.01 | % | 1.26 | % | |||||||||||||||||||||
|
*
|
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
|
(a)
|
Commencement of operations March 31, 2008.
|
|
(b)
|
Commencement of operations October 6, 2008.
|
|
JNL/S&P
Dividend Income
& Growth
Portfolio
|
JNL/S&P
Intrinsic Value
Portfolio
|
JNL/
S&P Managed
Aggressive
Growth Portfolio
|
JNL/
S&P Managed
Conservative
Portfolio
|
JNL/
S&P Managed
Growth Portfolio
|
JNL/
S&P Managed
Moderate
Portfolio
|
JNL/
S&P Managed
Moderate
Growth Portfolio
|
JNL/S&P
Total Yield
Portfolio
|
JNL/T. Rowe
Price Established
Growth Portfolio
|
JNL/T. Rowe
Price Mid-Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.741770 | $ | 12.146108 | $ | 11.772322 | $ | 11.550775 | $ | 11.825962 | $ | 11.895904 | $ | 11.988953 | $ | 10.185716 | $ | 21.770550 | $ | 33.706054 | ||||||||||||||||||||
|
Total Return *
|
9.89 | % | 11.12 | % | 11.88 | % | 5.63 | % | 11.17 | % | 7.57 | % | 9.68 | % | 18.45 | % | 14.16 | % | 9.12 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.61 | % | 2.645 | % | 3.47 | % | 2.92 | % | 3.67 | % | 3.06 | % | 3.62 | % | 2.81 | % | 4.00 | % | 4.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.684731 | $ | 10.930285 | $ | 10.522116 | $ | 10.934617 | $ | 10.637647 | $ | 11.058493 | $ | 10.930358 | $ | 8.599454 | $ | 19.069527 | $ | 30.888728 | ||||||||||||||||||||
|
Total Return *
|
1.23 | %*** | 3.74 | % | -8.03 | % | 0.16 | % | -6.62 | % | -2.19 | % | -4.77 | % | -8.01 | % | -5.04 | % | -5.31 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.61 | % | 2.645 | % | 3.47 | % | 2.92 | % | 3.67 | % | 3.06 | % | 3.62 | % | 2.81 | % | 4.00 | % | 4.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 9.769767 | $ | 10.535984 | $ | 11.441106 | $ | 10.916993 | $ | 11.391867 | $ | 11.306591 | $ | 11.477855 | $ | 9.348699 | $ | 20.082226 | $ | 32.621795 | ||||||||||||||||||||
|
Total Return *
|
13.82 | %*** | 11.41 | % | 13.09 | % | 5.57 | % | 11.93 | % | 7.95 | % | 9.16 | % | 3.18 | %*** | 12.18 | % | 22.85 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.56 | % | 2.645 | % | 3.47 | % | 2.92 | % | 3.67 | % | 3.06 | % | 3.62 | % | 2.81 | % | 4.00 | % | 4.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.495170 | $ | 9.457344 | $ | 10.116666 | $ | 10.340832 | $ | 10.177303 | $ | 10.474041 | $ | 10.514921 | $ | 8.799258 | $ | 17.901009 | $ | 26.554492 | ||||||||||||||||||||
|
Total Return *
|
20.47 | % | 52.93 | % | 26.58 | % | 10.26 | % | 23.45 | % | 15.05 | % | 19.07 | % | 39.41 | % | 37.87 | % | 41.08 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.46 | % | 2.645 | % | 3.47 | % | 2.92 | % | 3.67 | % | 3.06 | % | 3.62 | % | 2.46 | % | 4.00 | % | 4.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 7.051872 | $ | 6.183952 | $ | 7.992469 | $ | 9.378612 | $ | 8.244253 | $ | 9.103785 | $ | 8.831129 | $ | 6.311926 | $ | 12.984192 | $ | 18.822510 | ||||||||||||||||||||
|
Total Return *
|
-26.05 | %*** | -27.31 | %*** | -41.23 | % | -16.23 | % | -37.69 | % | -23.61 | % | -30.08 | % | -34.62 | %*** | -45.09 | % | -42.97 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
2.46 | % | 2.645 | % | 3.47 | % | 2.92 | % | 3.67 | % | 3.06 | % | 3.62 | % | 2.46 | % | 4.00 | % | 4.00 | % | ||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
JNL/S&P
Dividend Income
& Growth
Portfolio
|
JNL/S&P
Intrinsic Value
Portfolio
|
JNL/
S&P Managed
Aggressive
Growth Portfolio
|
JNL/
S&P Managed
Conservative
Portfolio
|
JNL/
S&P Managed
Growth Portfolio
|
JNL/
S&P Managed
Moderate
Portfolio
|
JNL/
S&P Managed
Moderate
Growth Portfolio
|
JNL/S&P
Total Yield
Portfolio
|
JNL/T. Rowe
Price Established
Growth Portfolio
|
JNL/T. Rowe
Price Mid-Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 12.613424 | $ | 13.040569 | $ | 16.448262 | $ | 13.309324 | $ | 17.017523 | $ | 13.866156 | $ | 17.123982 | $ | 11.053407 | $ | 36.952947 | $ | 56.214659 | ||||||||||||||||||||
|
Total Return *
|
11.46 | % | 12.69 | % | 14.46 | % | 7.47 | % | 13.96 | % | 9.60 | %*** | 12.38 | % | 1.63 | %*** | 10.06 | %*** | 12.34 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.25 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.00 | % | 1.10 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 11.316966 | $ | 11.572214 | $ | 14.370593 | $ | 12.383906 | $ | 14.933032 | $ | 12.606526 | $ | 15.237672 | $ | 9.164285 | $ | 30.892401 | $ | 50.039375 | ||||||||||||||||||||
|
Total Return *
|
11.09 | %*** | -8.15 | %*** | -5.93 | %*** | 1.89 | % | -4.29 | % | -0.41 | % | -2.44 | %*** | -6.57 | % | -2.26 | % | -2.53 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.25 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.25 | % | 1.10 | % | 1.10 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 10.141014 | $ | 10.967120 | $ | 15.182008 | $ | 12.153673 | $ | 15.602672 | $ | 12.658765 | $ | 15.521078 | $ | 9.808930 | $ | 31.605518 | $ | 51.340354 | ||||||||||||||||||||
|
Total Return *
|
16.66 | % | 12.86 | % | 15.63 | % | 7.40 | % | 14.73 | % | 9.92 | % | 11.78 | % | 8.71 | % | 15.49 | % | 26.46 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.35 | % | 1.25 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.10 | % | 1.10 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 8.693155 | $ | 9.717690 | $ | 13.129751 | $ | 11.315908 | $ | 13.599063 | $ | 11.516303 | $ | 13.885882 | $ | 9.022914 | $ | 27.367367 | $ | 40.596956 | ||||||||||||||||||||
|
Total Return *
|
21.81 | % | 54.93 | % | 29.42 | % | 15.33 | %*** | 1.53 | %*** | 17.15 | % | 21.92 | % | 41.11 | % | 41.92 | % | 45.23 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.35 | % | 1.25 | % | 1.20 | % | 1.20 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.10 | % | 1.10 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Unit Value
|
$ | 7.136553 | $ | 6.272336 | $ | 10.145138 | $ | 10.066931 | $ | 10.690473 | $ | 9.830150 | $ | 11.389116 | $ | 6.394459 | $ | 19.283022 | $ | 27.953583 | ||||||||||||||||||||
|
Total Return *
|
-26.92 | % | -35.26 | %*** | -39.91 | % | -14.82 | % | -36.16 | % | -22.22 | % | -28.40 | % | -32.77 | %*** | -43.47 | % | -41.30 | % | ||||||||||||||||||||
|
Ratio of Expenses **
|
1.35 | % | 1.35 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.10 | % | 1.10 | % | ||||||||||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
JNL/S&P
Dividend Income
& Growth
Portfolio
|
JNL/S&P
Intrinsic Value
Portfolio
|
JNL/
S&P Managed
Aggressive
Growth Portfolio
|
JNL/
S&P Managed
Conservative
Portfolio
|
JNL/
S&P Managed
Growth Portfolio
|
JNL/
S&P Managed
Moderate
Portfolio
|
JNL/
S&P Managed
Moderate
Growth Portfolio
|
JNL/S&P
Total Yield
Portfolio
|
JNL/T. Rowe
Price Established
Growth Portfolio
|
JNL/T. Rowe
Price Mid-Cap
Growth Portfolio
|
|||||||||||||||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 55,100 | $ | 13,731 | $ | 77,048 | $ | 146,424 | $ | 221,040 | $ | 236,192 | $ | 325,921 | $ | 5,496 | $ | 101,080 | $ | 95,965 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
4,453 | 1,071 | 5,056 | 11,378 | 13,768 | 17,574 | 20,148 | 506 | 3,156 | 1,902 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.77 | % | 0.78 | % | 0.92 | % | 2.50 | % | 1.21 | % | 1.85 | % | 1.50 | % | 1.07 | % | 0.00 | % | 0.21 | % | ||||||||||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 28,048 | $ | 15,737 | $ | 67,978 | $ | 105,755 | $ | 184,728 | $ | 183,032 | $ | 257,461 | $ | 3,001 | $ | 66,027 | $ | 75,215 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
2,516 | 1,379 | 5,126 | 8,785 | 13,104 | 14,882 | 17,870 | 332 | 2,451 | 1,676 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.83 | % | 1.10 | % | 0.64 | % | 2.25 | % | 0.71 | % | 1.93 | % | 1.64 | % | 1.24 | % | 0.00 | % | 0.02 | % | ||||||||||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 11,457 | $ | 4,508 | $ | 69,459 | $ | 88,159 | $ | 168,909 | $ | 146,451 | $ | 210,716 | $ | 1,933 | $ | 54,174 | $ | 68,198 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
1,136 | 414 | 4,957 | 7,441 | 11,485 | 11,837 | 14,293 | 199 | 2,000 | 1,490 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
1.69 | % | 0.77 | % | 0.74 | % | 2.92 | % | 1.03 | % | 2.20 | % | 1.37 | % | 1.09 | % | 0.04 | % | 0.19 | % | ||||||||||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 3,914 | $ | 1,824 | $ | 53,254 | $ | 47,358 | $ | 122,493 | $ | 87,075 | $ | 129,482 | $ | 754 | $ | 38,909 | $ | 43,237 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
453 | 189 | 4,404 | 4,287 | 9,602 | 7,740 | 9,880 | 84 | 1,719 | 1,215 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
0.04 | % | 0.04 | % | 2.48 | % | 2.07 | % | 2.27 | % | 1.59 | % | 0.83 | % | 0.01 | % | 0.32 | % | 0.00 | % | ||||||||||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 1,234 | $ | 214 | $ | 35,527 | $ | 29,567 | $ | 63,433 | $ | 43,694 | $ | 75,924 | $ | 4,842 | $ | 20,911 | $ | 20,335 | ||||||||||||||||||||
|
Units Outstanding (in thousands)
|
173 | 34 | 3,829 | 2,996 | 6,345 | 4,548 | 7,111 | 762 | 1,395 | 868 | ||||||||||||||||||||||||||||||
|
Investment Income Ratio *
|
4.76 | % | 2.56 | % | 0.37 | % | 4.28 | % | 0.53 | % | 3.86 | % | 2.22 | % | 4.10 | % | 0.09 | % | 0.00 | % | ||||||||||||||||||||
|
*
|
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
|
JNL/T. Rowe
Price Short-Term
Bond Portfolio
|
JNL/T. Rowe
Price Value
Portfolio
|
JNL/UBS
Large Cap
Select Growth
Portfolio
|
JNL/WMC
Balanced
Portfolio
|
JNL/WMC
Money Market
Portfolio
|
JNL/WMC
Value
Portfolio
|
|||||||||||||||||||
|
Highest expense ratio
|
||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||
|
Unit Value
|
$ | 9.694295 | $ | 12.707361 | $ | 21.357364 | $ | 22.649504 | $ | 9.392217 | $ | 17.682097 | ||||||||||||
|
Total Return *
|
-0.40 | % | 15.11 | % | 7.39 | % | 6.51 | % | -3.02 | % | 12.20 | % | ||||||||||||
|
Ratio of Expenses **
|
2.81 | % | 3.595 | % | 2.95 | % | 3.30 | % | 3.06 | % | 3.62 | % | ||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||
|
Unit Value
|
$ | 9.733370 | $ | 11.039639 | $ | 19.887664 | $ | 21.264551 | $ | 9.684774 | $ | 15.759197 | ||||||||||||
|
Total Return *
|
-1.42 | % | -5.52 | %*** | -2.17 | % | -0.07 | % | -3.00 | % | -5.53 | % | ||||||||||||
|
Ratio of Expenses **
|
2.81 | % | 3.595 | % | 2.95 | % | 3.30 | % | 3.06 | % | 3.62 | % | ||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||
|
Unit Value
|
$ | 9.873781 | $ | 11.685060 | $ | 20.329402 | $ | 21.280258 | $ | 9.984433 | $ | 16.682091 | ||||||||||||
|
Total Return *
|
-1.10 | %*** | 11.80 | % | 9.40 | % | 7.23 | % | -3.01 | % | 9.65 | % | ||||||||||||
|
Ratio of Expenses **
|
2.81 | % | 3.595 | % | 2.95 | % | 3.30 | % | 3.06 | % | 3.62 | % | ||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||
|
Unit Value
|
$ | 9.897810 | $ | 10.451914 | $ | 18.582853 | $ | 19.845416 | $ | 10.294710 | $ | 15.213383 | ||||||||||||
|
Total Return *
|
4.03 | %*** | 32.25 | % | 30.89 | % | 15.80 | % | -2.87 | % | 19.57 | % | ||||||||||||
|
Ratio of Expenses **
|
2.72 | % | 3.595 | % | 2.95 | % | 3.30 | % | 3.06 | % | 3.62 | % | ||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||
|
Unit Value
|
$ | 9.489982 | $ | 7.903368 | $ | 14.196883 | $ | 17.137028 | $ | 10.598972 | $ | 12.723152 | ||||||||||||
|
Total Return *
|
-6.12 | %*** | -42.57 | % | -42.60 | % | -23.30 | % | -0.89 | % | -35.72 | % | ||||||||||||
|
Ratio of Expenses **
|
2.56 | % | 3.595 | % | 2.95 | % | 3.30 | % | 3.06 | % | 3.62 | % | ||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
JNL/T. Rowe
Price Short-Term
Bond Portfolio
|
JNL/T. Rowe
Price Value
Portfolio
|
JNL/UBS
Large Cap
Select Growth
Portfolio
|
JNL/WMC
Balanced
Portfolio
|
JNL/WMC
Money Market
Portfolio
|
JNL/WMC
Value
Portfolio
|
|||||||||||||||||||
|
Lowest expense ratio
|
||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||
|
Unit Value
|
$ | 10.938309 | $ | 17.653107 | $ | 29.081001 | $ | 33.979116 | $ | 13.505871 | $ | 22.895903 | ||||||||||||
|
Total Return *
|
-0.14 | %*** | 10.65 | %*** | 9.29 | % | -0.95 | %*** | -0.56 | %*** | 15.07 | % | ||||||||||||
|
Ratio of Expenses **
|
1.00 | % | 1.00 | % | 1.20 | % | 1.00 | % | 1.00 | % | 1.10 | % | ||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||
|
Unit Value
|
$ | 10.663490 | $ | 14.769881 | $ | 26.608782 | $ | 30.154336 | $ | 13.196508 | $ | 19.896804 | ||||||||||||
|
Total Return *
|
0.17 | %*** | -3.14 | % | -0.45 | % | 2.04 | % | -1.19 | % | -3.13 | % | ||||||||||||
|
Ratio of Expenses **
|
1.20 | % | 1.10 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.10 | % | ||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||
|
Unit Value
|
$ | 10.620291 | $ | 15.249172 | $ | 26.729247 | $ | 29.551180 | $ | 13.354786 | $ | 20.539277 | ||||||||||||
|
Total Return *
|
1.66 | % | 14.62 | % | 11.33 | % | 9.51 | % | -1.19 | % | 12.45 | % | ||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.10 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.10 | % | ||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||
|
Unit Value
|
$ | 10.447023 | $ | 13.303769 | $ | 24.008993 | $ | 26.985943 | $ | 13.516004 | $ | 18.264828 | ||||||||||||
|
Total Return *
|
6.30 | % | 35.59 | % | 33.21 | % | -0.06 | %*** | -1.05 | % | 22.62 | % | ||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.10 | % | 1.20 | % | 1.20 | % | 1.20 | % | 1.10 | % | ||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||
|
Unit Value
|
$ | 9.827941 | $ | 9.811921 | $ | 18.024075 | $ | 22.665125 | $ | 13.658998 | $ | 14.894958 | ||||||||||||
|
Total Return *
|
-8.05 | %*** | -41.12 | % | -37.16 | %*** | -21.71 | % | 0.97 | % | -34.07 | % | ||||||||||||
|
Ratio of Expenses **
|
1.25 | % | 1.10 | % | 1.20 | % | 1.25 | % | 1.20 | % | 1.10 | % | ||||||||||||
|
*
|
Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Portfolios with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Portfolio of the Separate Account.
|
|
**
|
Annualized contract expenses of Portfolios of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
|
|
***
|
Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
|
|
JNL/T. Rowe
Price Short-Term
Bond Portfolio
|
JNL/T. Rowe
Price Value
Portfolio
|
JNL/UBS
Large Cap
Select Growth
Portfolio
|
JNL/WMC
Balanced
Portfolio
|
JNL/WMC
Money Market
Portfolio
|
JNL/WMC
Value
Portfolio
|
|||||||||||||||||||
|
Portfolio data
|
||||||||||||||||||||||||
|
Period ended December 31, 2012
|
||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 31,283 | $ | 47,218 | $ | 24,075 | $ | 98,608 | $ | 45,026 | $ | 27,688 | ||||||||||||
|
Units Outstanding (in thousands)
|
2,973 | 2,883 | 971 | 3,212 | 3,689 | 1,275 | ||||||||||||||||||
|
Investment Income Ratio *
|
1.07 | % | 1.41 | % | 0.15 | % | 1.30 | % | 0.00 | % | 2.30 | % | ||||||||||||
|
Period ended December 31, 2011
|
||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 20,001 | $ | 35,098 | $ | 21,851 | $ | 77,021 | $ | 40,932 | $ | 22,913 | ||||||||||||
|
Units Outstanding (in thousands)
|
1,918 | 2,523 | 977 | 2,739 | 3,340 | 1,209 | ||||||||||||||||||
|
Investment Income Ratio *
|
1.24 | % | 1.45 | % | 0.33 | % | 1.17 | % | 0.00 | % | 1.07 | % | ||||||||||||
|
Period ended December 31, 2010
|
||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 13,770 | $ | 30,599 | $ | 20,025 | $ | 56,078 | $ | 25,381 | $ | 19,319 | ||||||||||||
|
Units Outstanding (in thousands)
|
1,320 | 2,126 | 909 | 2,045 | 2,031 | 984 | ||||||||||||||||||
|
Investment Income Ratio *
|
1.46 | % | 1.04 | % | 0.26 | % | 1.44 | % | 0.00 | % | 1.03 | % | ||||||||||||
|
Period ended December 31, 2009
|
||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 7,691 | $ | 24,491 | $ | 14,962 | $ | 30,956 | $ | 24,500 | $ | 13,294 | ||||||||||||
|
Units Outstanding (in thousands)
|
749 | 1,943 | 800 | 1,261 | 1,961 | 760 | ||||||||||||||||||
|
Investment Income Ratio *
|
4.06 | % | 1.66 | % | 0.18 | % | 3.09 | % | 0.16 | % | 1.79 | % | ||||||||||||
|
Period ended December 31, 2008
|
||||||||||||||||||||||||
|
Net Assets (in thousands)
|
$ | 3,960 | $ | 17,289 | $ | 6,682 | $ | 15,324 | $ | 34,271 | $ | 8,649 | ||||||||||||
|
Units Outstanding (in thousands)
|
409 | 1,856 | 557 | 774 | 2,740 | 607 | ||||||||||||||||||
|
Investment Income Ratio *
|
4.34 | % | 1.90 | % | 0.00 | % | 2.61 | % | 2.12 | % | 0.03 | % | ||||||||||||
|
*
|
These amounts represent the dividends, excluding distributions of capital gains, received by the Portfolio from the underlying Fund divided by the average net assets. In some instances, the investment income ratio may be rounded to 0.00% even though the Portfolio received dividend income from the underlying Fund.
|
 |
|
|
KPMG LLP is a Delaware limited liability partnership,
the U.S. member firm of KPMG International Cooperative (“KPMG International”), a Swiss entity.
|
 |
||
| Chicago, Illinois | ||
|
KPMG LLP is a Delaware limited liability partnership,
the U.S. member firm of KPMG International Cooperative
(“KPMG International”), a Swiss entity.
|
|
(a wholly owned subsidiary of Jackson National Life Insurance Company)
|
||||||||
|
Balance Sheets
|
||||||||
|
(In thousands, except per share information)
|
|
December 31,
|
||||||||
|
Assets
|
2012
|
2011
|
||||||
|
Investments:
|
||||||||
|
Securities available for sale, at fair value:
|
||||||||
|
Fixed maturities (amortized cost: 2012, $1,633,602; 2011, $1,554,182)
|
$ | 1,810,458 | $ | 1,666,318 | ||||
|
Trading securities, at fair value
|
647 | 573 | ||||||
|
Policy loans
|
301 | 269 | ||||||
|
Total investments
|
1,811,406 | 1,667,160 | ||||||
|
Cash and cash equivalents
|
105,956 | 73,287 | ||||||
|
Accrued investment income
|
16,726 | 17,222 | ||||||
|
Deferred acquisition costs
|
216,638 | 227,263 | ||||||
|
Deferred sales inducements
|
9,617 | 11,172 | ||||||
|
Receivable for securities sold
|
- | 40,000 | ||||||
|
Reinsurance recoverable
|
56,079 | 77,210 | ||||||
|
Income taxes receivable from Parent
|
62,083 | 70,527 | ||||||
|
Receivable from Parent
|
426 | 285 | ||||||
|
Separate account assets
|
4,576,989 | 3,450,977 | ||||||
|
Total assets
|
$ | 6,855,920 | $ | 5,635,103 | ||||
|
Liabilities and Equity
|
||||||||
|
Liabilities
|
||||||||
|
Reserves for future policy benefits and claims payable
|
$ | 108,456 | $ | 170,173 | ||||
|
Deposits on investment contracts
|
1,556,001 | 1,518,169 | ||||||
|
Securities lending payable
|
9,622 | 2,540 | ||||||
|
Deferred income taxes, net
|
47,555 | 32,252 | ||||||
|
Other liabilities
|
30,648 | 18,523 | ||||||
|
Separate account liabilities
|
4,576,989 | 3,450,977 | ||||||
|
Total liabilities
|
6,329,271 | 5,192,634 | ||||||
|
Equity
|
||||||||
|
Common stock, $1,000 par value; 2,000 shares
|
||||||||
|
authorized, issued and outstanding
|
2,000 | 2,000 | ||||||
|
Additional paid-in capital
|
256,000 | 256,000 | ||||||
|
Accumulated other comprehensive income, net of
|
||||||||
|
tax of $32,179 in 2012 and $16,030 in 2011
|
81,392 | 51,401 | ||||||
|
Retained earnings
|
187,257 | 133,068 | ||||||
|
Total stockholder's equity
|
526,649 | 442,469 | ||||||
|
Total liabilities and stockholder's equity
|
$ | 6,855,920 | $ | 5,635,103 | ||||
|
(a wholly owned subsidiary of Jackson National Life Insurance Company)
|
|||||||||
|
Income Statements
|
|||||||||
|
(In thousands)
|
|
Years Ended December 31,
|
||||||||||||
|
2011
|
2010
|
|||||||||||
|
Revenues
|
||||||||||||
|
Fee income
|
$ | 110,187 | $ | 86,921 | $ | 59,419 | ||||||
|
Premium, net of reinsurance
|
(7,371 | ) | (7,769 | ) | (7,855 | ) | ||||||
|
Net investment income
|
80,912 | 84,154 | 85,696 | |||||||||
|
Net realized losses on investments:
|
||||||||||||
|
Total other-than-temporary impairments
|
(7,260 | ) | (13,103 | ) | (17,261 | ) | ||||||
|
Portion of other-than-temporary impairments included in
|
||||||||||||
|
other comprehensive income
|
5,095 | 11,040 | 7,556 | |||||||||
|
Net other-than-temporary impairments
|
(2,165 | ) | (2,063 | ) | (9,705 | ) | ||||||
|
Other investment (losses) gains
|
(344 | ) | 860 | (6,341 | ) | |||||||
|
Total net realized losses on investments
|
(2,509 | ) | (1,203 | ) | (16,046 | ) | ||||||
|
Other income
|
158 | 158 | 155 | |||||||||
|
Total revenues
|
181,377 | 162,261 | 121,369 | |||||||||
|
Benefits and Expenses
|
||||||||||||
|
Death, other policy benefits and change in policy reserves, net of deferrals
|
(35,479 | ) | 68,914 | 6,114 | ||||||||
|
Interest credited on deposit liabilities, net of deferrals
|
42,517 | 42,532 | 40,516 | |||||||||
|
Operating costs and other expenses, net of deferrals
|
51,739 | 36,214 | 29,032 | |||||||||
|
Amortization of deferred acquisition and sales inducement costs
|
51,019 | 6,702 | 20,903 | |||||||||
|
Total benefits and expenses
|
109,796 | 154,362 | 96,565 | |||||||||
|
Pretax income
|
71,581 | 7,899 | 24,804 | |||||||||
|
Income tax expense (benefit)
|
17,392 | (43 | ) | 5,138 | ||||||||
|
Net income
|
$ | 54,189 | $ | 7,942 | $ | 19,666 | ||||||
|
(a wholly owned subsidiary of Jackson National Life Insurance Company)
|
|||||||||
|
Statements of Comprehensive Income
|
|||||||||
|
(In thousands)
|
|
Years Ended December 31,
|
||||||||||||
|
2011
|
2010
|
|||||||||||
|
Net income
|
$ | 54,189 | $ | 7,942 | $ | 19,666 | ||||||
|
Other comprehensive income, net of tax:
|
||||||||||||
|
Net unrealized gains on securities not other-than-temporarily impaired (net of tax expense of: 2012 $17,564; 2011 $15,329; 2010 $15,381)
|
32,617 | 28,466 | 28,566 | |||||||||
|
Net unrealized losses on other-than-temporarily impaired securities (net of tax benefit of: 2012 $1,416; 2011 $3,074; 2010 $2,119)
|
(2,629 | ) | (5,708 | ) | (3,934 | ) | ||||||
|
Reclassification adjustment for (losses) gains included in net income (net of tax expense (benefit) of: 2012 $1; 2011 $(342); 2010 $3,271)
|
3 | (635 | ) | 6,074 | ||||||||
|
Total other comprehensive income
|
29,991 | 22,123 | 30,706 | |||||||||
|
Comprehensive income
|
$ | 84,180 | $ | 30,065 | $ | 50,372 | ||||||
|
(a wholly owned subsidiary of Jackson National Life Insurance Company)
|
||||||||||||
|
Statements of Equity
|
||||||||||||
|
(In thousands)
|
|
Accumulated
|
||||||||||||||||||||
|
Additional
|
Other
|
Total
|
||||||||||||||||||
|
Common
|
Paid-In
|
Comprehensive
|
Retained
|
Stockholder's
|
||||||||||||||||
|
Stock
|
Capital
|
Income
|
Earnings
|
Equity
|
||||||||||||||||
|
Balances as of December 31, 2009
|
$ | 2,000 | $ | 256,000 | $ | (1,428 | ) | $ | 105,460 | $ | 362,032 | |||||||||
|
Net income
|
- | - | - | 19,666 | 19,666 | |||||||||||||||
|
Change in unrealized investment gains, net of tax
|
- | - | 30,706 | - | 30,706 | |||||||||||||||
|
Balances as of December 31, 2010
|
2,000 | 256,000 | 29,278 | 125,126 | 412,404 | |||||||||||||||
|
Net income
|
- | - | - | 7,942 | 7,942 | |||||||||||||||
|
Change in unrealized investment gains, net of tax
|
- | - | 22,123 | - | 22,123 | |||||||||||||||
|
Balances as of December 31, 2011
|
2,000 | 256,000 | 51,401 | 133,068 | 442,469 | |||||||||||||||
|
Net income
|
- | - | - | 54,189 | 54,189 | |||||||||||||||
|
Change in unrealized investment gains, net of tax
|
- | - | 29,991 | - | 29,991 | |||||||||||||||
|
Balances as of December 31, 2012
|
$ | 2,000 | $ | 256,000 | $ | 81,392 | $ | 187,257 | $ | 526,649 | ||||||||||
|
(a wholly owned subsidiary of Jackson National Life Insurance Company)
|
||||||||||
|
Statements of Cash Flows
|
||||||||||
|
(In thousands)
|
|
Years Ended December 31,
|
||||||||||||
|
2011
|
2010
|
|||||||||||
|
Cash flows from operating activities:
|
||||||||||||
|
Net income
|
$ | 54,189 | $ | 7,942 | $ | 19,666 | ||||||
|
Adjustments to reconcile net income to net cash
|
||||||||||||
|
provided by operating activities:
|
||||||||||||
|
Net realized losses on investments
|
2,509 | 1,203 | 16,046 | |||||||||
|
Interest credited on deposit liabilities, gross
|
42,625 | 42,814 | 40,921 | |||||||||
|
Amortization of discount and premium on investments
|
(1,065 | ) | (840 | ) | 459 | |||||||
|
Deferred income tax provision
|
(845 | ) | (4,328 | ) | (2,507 | ) | ||||||
|
Change in:
|
||||||||||||
|
Accrued investment income
|
496 | (699 | ) | (966 | ) | |||||||
|
Deferred sales inducements and acquisition costs
|
(6,400 | ) | (53,782 | ) | (41,415 | ) | ||||||
|
Trading portfolio activity, net
|
(74 | ) | (142 | ) | 1,710 | |||||||
|
Income taxes payable to (receivable from) Parent
|
8,444 | (5,049 | ) | (6,726 | ) | |||||||
|
Claims payable
|
(3,043 | ) | 7,071 | 5,454 | ||||||||
|
Receivable from Parent
|
(141 | ) | 2,573 | (1,214 | ) | |||||||
|
Other assets and liabilities, net
|
9,458 | 24,741 | (461 | ) | ||||||||
|
Net cash provided by operating activities
|
106,153 | 21,504 | 30,967 | |||||||||
|
Cash flows from investing activities:
|
||||||||||||
|
Fixed maturities:
|
||||||||||||
|
Proceeds from sales, maturities and repayments
|
211,958 | 277,120 | 324,365 | |||||||||
|
Purchases
|
(292,823 | ) | (299,891 | ) | (476,419 | ) | ||||||
|
Other investing activities
|
7,050 | (7,080 | ) | 8,494 | ||||||||
|
Net cash used in investing activities
|
(73,815 | ) | (29,851 | ) | (143,560 | ) | ||||||
|
Cash flows from financing activities:
|
||||||||||||
|
Policyholders' account balances:
|
||||||||||||
|
Deposits
|
1,091,816 | 1,112,100 | 1,071,851 | |||||||||
|
Withdrawals
|
(387,958 | ) | (381,805 | ) | (302,015 | ) | ||||||
|
Net transfers to separate accounts
|
(703,527 | ) | (737,248 | ) | (667,382 | ) | ||||||
|
Net cash provided by (used in) financing activities
|
331 | (6,953 | ) | 102,454 | ||||||||
|
Net increase (decrease) in cash and cash equivalents
|
32,669 | (15,300 | ) | (10,139 | ) | |||||||
|
Cash and cash equivalents, beginning of year
|
73,287 | 88,587 | 98,726 | |||||||||
|
Total cash and cash equivalents, end of year
|
$ | 105,956 | $ | 73,287 | $ | 88,587 | ||||||
|
Supplemental Cash Flow Information
|
||||||||||||
|
Income tax paid
|
$ | 9,794 | $ | 9,356 | $ | 14,401 | ||||||
|
As of December 31, 2011
|
As of December 31, 2010
|
|||||||||||||||||||||||
|
As previously
reported
|
Effect of
DAC change
|
As adjusted
|
As previously
reported
|
Effect of
DAC change
|
As adjusted
|
|||||||||||||||||||
|
Deferred acquisition costs
|
$ | 263,271 | $ | (36,008 | ) | $ | 227,263 | $ | 224,796 | $ | (30,211 | ) | $ | 194,585 | ||||||||||
|
Deferred income taxes, net
|
$ | 44,964 | $ | (12,712 | ) | $ | 32,252 | $ | 35,350 | $ | (10,683 | ) | $ | 24,667 | ||||||||||
|
Other comprehensive income
|
$ | 47,150 | $ | 4,251 | $ | 51,401 | $ | 26,898 | $ | 2,380 | $ | 29,278 | ||||||||||||
|
Retained earnings
|
$ | 160,615 | $ | (27,547 | ) | $ | 133,068 | $ | 147,034 | $ | (21,908 | ) | $ | 125,126 | ||||||||||
|
Years ended December 31,
|
||||||||||||||||||||||||
|
2010
|
||||||||||||||||||||||||
|
As previously
reported
|
Effect of
DAC change
|
As adjusted
|
As previously
reported
|
Effect of
DAC change
|
As adjusted
|
|||||||||||||||||||
|
Operating costs
|
$ | 26,568 | $ | 9,646 | $ | 36,214 | $ | 19,272 | $ | 9,760 | $ | 29,032 | ||||||||||||
|
Amortization of deferred
|
||||||||||||||||||||||||
|
acquisition costs
|
$ | 7,673 | $ | (971 | ) | $ | 6,702 | $ | 23,190 | $ | (2,287 | ) | $ | 20,903 | ||||||||||
|
Income tax expense (benefit)
|
$ | 2,993 | $ | (3,036 | ) | $ | (43 | ) | $ | 7,754 | $ | (2,616 | ) | $ | 5,138 | |||||||||
|
Net income
|
$ | 13,581 | $ | (5,639 | ) | $ | 7,942 | $ | 24,523 | $ | (4,857 | ) | $ | 19,666 | ||||||||||
|
|
Level 1
|
Observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. Level 1 securities include U.S. Treasury securities and exchange traded equity securities.
|
|
|
Level 2
|
Observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets and liabilities. Most fixed maturity securities that are model priced using observable inputs are classified within Level 2.
|
|
|
Level 3
|
Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk). Embedded derivative instruments that are valued using unobservable inputs are included in Level 3. Because Level 3 fair values, by their nature, contain unobservable market inputs, considerable judgment may be used to determine the Level 3 fair values. Level 3 fair values represent the Company’s best estimate of an amount that could be realized in a current market exchange absent actual market exchanges.
|
|
Percent of Total
|
||||
|
Fixed Maturities
|
||||
|
Investment Rating
|
||||
|
AAA
|
21.0 | % | ||
|
AA
|
6.5 | % | ||
|
A
|
31.7 | % | ||
|
BBB
|
35.4 | % | ||
|
Investment grade
|
94.6 | % | ||
|
BB
|
2.1 | % | ||
|
B and below
|
3.3 | % | ||
|
Below investment grade
|
5.4 | % | ||
|
Total fixed maturities
|
100.0 | % | ||
|
Gross
|
Gross
|
|||||||||||||||||||
|
Amortized
|
Unrealized
|
Unrealized
|
Fair
|
Non-credit
|
||||||||||||||||
|
Cost
|
Gains
|
Losses
|
Value
|
OTTI (1)
|
||||||||||||||||
|
Fixed Maturities
|
||||||||||||||||||||
|
Government securities
|
$ | 78,483 | $ | 8,883 | $ | - | $ | 87,366 | $ | - | ||||||||||
|
Public utilities
|
124,400 | 18,762 | 80 | 143,082 | - | |||||||||||||||
|
Corporate securities
|
1,024,586 | 117,280 | 599 | 1,141,267 | - | |||||||||||||||
|
Residential mortgage-backed
|
111,279 | 4,363 | 5,853 | 109,789 | (2,227 | ) | ||||||||||||||
|
Commercial mortgage-backed
|
214,848 | 37,414 | 3,491 | 248,771 | (715 | ) | ||||||||||||||
|
Other asset-backed securities
|
80,006 | 1,815 | 1,638 | 80,183 | - | |||||||||||||||
|
Total fixed maturities
|
$ | 1,633,602 | $ | 188,517 | $ | 11,661 | $ | 1,810,458 | $ | (2,942 | ) | |||||||||
|
Gross
|
Gross
|
|||||||||||||||||||
|
Amortized
|
Unrealized
|
Unrealized
|
Fair
|
Non-credit
|
||||||||||||||||
|
Cost
|
Gains
|
Losses
|
Value
|
OTTI (1)
|
||||||||||||||||
|
Fixed Maturities
|
||||||||||||||||||||
|
Government securities
|
$ | 78,589 | $ | 8,283 | $ | - | $ | 86,872 | $ | - | ||||||||||
|
Public utilities
|
67,200 | 8,323 | 10 | 75,513 | - | |||||||||||||||
|
Corporate securities
|
987,695 | 89,463 | 1,843 | 1,075,315 | (59 | ) | ||||||||||||||
|
Residential mortgage-backed
|
137,132 | 3,899 | 13,371 | 127,660 | (7,957 | ) | ||||||||||||||
|
Commercial mortgage-backed
|
207,902 | 25,351 | 4,579 | 228,674 | (1,733 | ) | ||||||||||||||
|
Other asset-backed securities
|
75,664 | 771 | 4,151 | 72,284 | (740 | ) | ||||||||||||||
|
Total fixed maturities
|
$ | 1,554,182 | $ | 136,090 | $ | 23,954 | $ | 1,666,318 | $ | (10,489 | ) | |||||||||
|
(1) Represents the amount of cumulative non-credit OTTI gains (losses) recognized in other comprehensive income for securities on which credit impairments have been recorded.
|
||||||||||||||||||||
|
Gross
|
Gross
|
|||||||||||||||
|
Amortized
|
Unrealized
|
Unrealized
|
Fair
|
|||||||||||||
|
Cost
|
Gains
|
Losses
|
Value
|
|||||||||||||
|
Due in 1 year or less
|
$ | 35,995 | $ | 290 | $ | - | $ | 36,285 | ||||||||
|
Due after 1 year through 5 years
|
238,708 | 22,555 | - | 261,263 | ||||||||||||
|
Due after 5 years through 10 years
|
837,971 | 104,338 | 460 | 941,849 | ||||||||||||
|
Due after 10 years through 20 years
|
92,357 | 12,157 | 219 | 104,295 | ||||||||||||
|
Due after 20 years
|
22,438 | 5,585 | - | 28,023 | ||||||||||||
|
Residential mortgage-backed
|
111,279 | 4,363 | 5,853 | 109,789 | ||||||||||||
|
Commercial mortgage-backed
|
214,848 | 37,414 | 3,491 | 248,771 | ||||||||||||
|
Other asset-backed securities
|
80,006 | 1,815 | 1,638 | 80,183 | ||||||||||||
|
Total
|
$ | 1,633,602 | $ | 188,517 | $ | 11,661 | $ | 1,810,458 | ||||||||
|
Gross
|
Gross
|
|||||||||||||||
|
Amortized
|
Unrealized
|
Unrealized
|
Fair
|
|||||||||||||
|
Cost
|
Gains
|
Losses
|
Value
|
|||||||||||||
|
Prime
|
$ | 25,770 | $ | 618 | $ | 1,336 | $ | 25,052 | ||||||||
|
Alt-A
|
19,491 | 338 | 234 | 19,595 | ||||||||||||
|
Subprime
|
25,017 | 104 | 4,283 | 20,838 | ||||||||||||
|
Total non-agency RMBS
|
$ | 70,278 | $ | 1,060 | $ | 5,853 | $ | 65,485 | ||||||||
|
Gross
|
Gross
|
|||||||||||||||
|
Amortized
|
Unrealized
|
Unrealized
|
Fair
|
|||||||||||||
|
Cost
|
Gains
|
Losses
|
Value
|
|||||||||||||
|
Prime
|
$ | 35,268 | $ | 68 | $ | 3,299 | $ | 32,037 | ||||||||
|
Alt-A
|
24,437 | 194 | 2,592 | 22,039 | ||||||||||||
|
Subprime
|
22,628 | 5 | 7,480 | 15,153 | ||||||||||||
|
Total non-agency RMBS
|
$ | 82,333 | $ | 267 | $ | 13,371 | $ | 69,229 | ||||||||
|
Less than 12 months
|
Less than 12 months
|
|||||||||||||||||||||||
|
Gross
|
Gross
|
|||||||||||||||||||||||
|
Unrealized
|
Fair
|
# of
|
Unrealized
|
Fair
|
# of
|
|||||||||||||||||||
|
Losses
|
Value
|
securities
|
Losses
|
Value
|
securities
|
|||||||||||||||||||
|
Fixed Maturities
|
||||||||||||||||||||||||
|
Public utilities
|
$ | 80 | $ | 2,359 | 3 | $ | 10 | $ | 490 | 1 | ||||||||||||||
|
Corporate securities
|
599 | 48,398 | 20 | 1,636 | 50,958 | 28 | ||||||||||||||||||
|
Residential mortgage-backed
|
- | - | - | 8,685 | 28,488 | 14 | ||||||||||||||||||
|
Commercial mortgage-backed
|
- | - | - | - | - | - | ||||||||||||||||||
|
Other asset-backed securities
|
7 | 10,121 | 8 | 882 | 16,053 | 16 | ||||||||||||||||||
|
Total temporarily impaired
|
||||||||||||||||||||||||
|
securities
|
$ | 686 | $ | 60,878 | 31 | $ | 11,213 | $ | 95,989 | 59 | ||||||||||||||
|
12 months or longer
|
12 months or longer
|
|||||||||||||||||||||||
|
Gross
|
Gross
|
|||||||||||||||||||||||
|
Unrealized
|
Fair
|
# of
|
Unrealized
|
Fair
|
# of
|
|||||||||||||||||||
|
Losses
|
Value
|
securities
|
Losses
|
Value
|
securities
|
|||||||||||||||||||
|
Fixed Maturities
|
||||||||||||||||||||||||
|
Public utilities
|
$ | - | $ | - | - | $ | - | $ | - | - | ||||||||||||||
|
Corporate securities
|
- | - | - | 207 | 9,780 | 4 | ||||||||||||||||||
|
Residential mortgage-backed
|
5,853 | 29,822 | 18 | 4,686 | 26,532 | 25 | ||||||||||||||||||
|
Commercial mortgage-backed
|
3,491 | 3,311 | 2 | 4,579 | 3,221 | 3 | ||||||||||||||||||
|
Other asset-backed securities
|
1,631 | 9,211 | 9 | 3,269 | 18,027 | 15 | ||||||||||||||||||
|
Total temporarily impaired
|
||||||||||||||||||||||||
|
securities
|
$ | 10,975 | $ | 42,344 | 29 | $ | 12,741 | $ | 57,560 | 47 | ||||||||||||||
|
Total
|
Total
|
|||||||||||||||||||||||
|
Gross
|
Gross
|
|||||||||||||||||||||||
|
Unrealized
|
Fair
|
# of
|
Unrealized
|
Fair
|
# of
|
|||||||||||||||||||
|
Losses
|
Value
|
securities
|
Losses
|
Value
|
securities
|
|||||||||||||||||||
|
Fixed Maturities
|
||||||||||||||||||||||||
|
Public utilities
|
$ | 80 | $ | 2,359 | 3 | $ | 10 | $ | 490 | 1 | ||||||||||||||
|
Corporate securities
|
599 | 48,398 | 20 | 1,843 | 60,738 | 32 | ||||||||||||||||||
|
Residential mortgage-backed
|
5,853 | 29,822 | 18 | 13,371 | 55,020 | 39 | ||||||||||||||||||
|
Commercial mortgage-backed
|
3,491 | 3,311 | 2 | 4,579 | 3,221 | 3 | ||||||||||||||||||
|
Other asset-backed securities
|
1,638 | 19,332 | 17 | 4,151 | 34,080 | 31 | ||||||||||||||||||
|
Total temporarily impaired
|
||||||||||||||||||||||||
|
securities
|
$ | 11,661 | $ | 103,222 | 60 | $ | 23,954 | $ | 153,549 | 106 | ||||||||||||||
|
·
|
The Company does not expect full recovery of the amortized cost based on the discounted cash flows estimated to be collected;
|
|
·
|
It is more likely than not that the Company will be required to sell a security prior to recovery.
|
|
Years Ended December 31,
|
||||||||||||
|
2011
|
2010
|
|||||||||||
|
Available-for-sale securities
|
||||||||||||
|
Realized gains on sale
|
$ | 2,449 | $ | 3,966 | $ | 10,273 | ||||||
|
Realized losses on sale
|
(2,793 | ) | (3,106 | ) | (16,614 | ) | ||||||
|
Impairments:
|
||||||||||||
|
Total other-than-temporary impairments
|
(7,260 | ) | (13,103 | ) | (17,261 | ) | ||||||
|
Portion of other-than-temporary impairments
|
||||||||||||
|
included in other comprehensive income
|
5,095 | 11,040 | 7,556 | |||||||||
|
Net other-than-temporary impairments
|
(2,165 | ) | (2,063 | ) | (9,705 | ) | ||||||
|
Net realized losses on investments
|
$ | (2,509 | ) | $ | (1,203 | ) | $ | (16,046 | ) | |||
|
Years Ended December 31,
|
||||||||
|
2011
|
||||||||
|
Cumulative credit loss beginning balance
|
$ | 9,519 | $ | 16,808 | ||||
|
Additions:
|
||||||||
|
New credit losses
|
167 | 538 | ||||||
|
Incremental credit losses
|
1,997 | 1,525 | ||||||
|
Reductions:
|
||||||||
|
Securities sold, paid down or disposed of
|
(3,434 | ) | (9,352 | ) | ||||
|
Cumulative credit loss ending balance
|
$ | 8,249 | $ | 9,519 | ||||
|
Carrying Value
|
Fair Value
|
Carrying Value
|
Fair Value
|
|||||||||||||
|
Assets
|
||||||||||||||||
|
Cash and cash equivalents
|
$ | 105,956 | $ | 105,956 | $ | 73,287 | $ | 73,287 | ||||||||
|
Fixed maturities
|
1,810,458 | 1,810,458 | 1,666,318 | 1,666,318 | ||||||||||||
|
Trading securities
|
647 | 647 | 573 | 573 | ||||||||||||
|
Policy loans
|
301 | 301 | 269 | 269 | ||||||||||||
|
GMIB reinsurance recoverable
|
21,374 | 21,374 | 22,145 | 22,145 | ||||||||||||
|
Separate account assets
|
4,576,989 | 4,576,989 | 3,450,977 | 3,450,977 | ||||||||||||
|
Liabilities
|
||||||||||||||||
|
Annuity reserves (1)
|
$ | 1,547,365 | $ | 1,624,699 | $ | 1,554,452 | $ | 1,437,318 | ||||||||
|
Separate account liabilities
|
4,576,989 | 4,576,989 | 3,450,977 | 3,450,977 | ||||||||||||
|
(1) - Annuity reserves represent only the components of deposits on investment contracts that are considered to be financial instruments and includes the applicable guaranteed benefit liabilities. GMWB reserves are presented net of reinsurance ceded to Jackson to illustrate the net effect on Jackson-NY's results.
|
||||||||||||||||
|
|
Level 1
|
Observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. Level 1 securities include U.S. Treasury securities and exchange traded equity securities.
|
|
|
Level 2
|
Observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets and liabilities. Most fixed maturity securities that are model priced using observable inputs are classified within Level 2.
|
|
|
Level 3
|
Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk). Embedded derivative instruments that are valued using unobservable inputs are included in Level 3. Because Level 3 fair values, by their nature, contain unobservable market inputs, considerable judgment may be used to determine the Level 3 fair values. Level 3 fair values represent the Company’s best estimate of an amount that could be realized in a current market exchange absent actual market exchanges.
|
|
Total
|
Level 1
|
Level 2
|
Level 3
|
|||||||||||||
|
Assets
|
||||||||||||||||
|
Fixed maturities
|
||||||||||||||||
|
Government securities
|
$ | 87,366 | $ | 87,366 | $ | - | $ | - | ||||||||
|
Public utilities
|
143,082 | - | 143,082 | - | ||||||||||||
|
Corporate securities
|
1,141,267 | - | 1,141,267 | - | ||||||||||||
|
Residential mortgage-backed
|
109,789 | - | 109,789 | - | ||||||||||||
|
Commercial mortgage-backed
|
248,771 | - | 248,771 | - | ||||||||||||
|
Other asset-backed securities
|
80,183 | - | 80,183 | - | ||||||||||||
|
Trading securities
|
647 | 647 | - | - | ||||||||||||
|
GMIB reinsurance recoverable
|
21,374 | - | - | 21,374 | ||||||||||||
|
Separate account assets (1)
|
4,576,989 | 4,576,989 | - | - | ||||||||||||
|
Total
|
$ | 6,409,468 | $ | 4,665,002 | $ | 1,723,092 | $ | 21,374 | ||||||||
|
Liabilities
|
||||||||||||||||
|
GMWB reserves (2)
|
$ | 41,546 | $ | - | $ | - | $ | 41,546 | ||||||||
|
Separate account liabilities
|
4,576,989 | 4,576,989 | - | - | ||||||||||||
|
Total
|
$ | 4,618,535 | $ | 4,576,989 | $ | - | $ | 41,546 | ||||||||
|
Total
|
Level 1
|
Level 2
|
Level 3
|
|||||||||||||
|
Assets
|
||||||||||||||||
|
Fixed maturities
|
||||||||||||||||
|
Government securities
|
$ | 86,872 | $ | 86,872 | $ | - | $ | - | ||||||||
|
Public utilities
|
75,513 | - | 75,513 | - | ||||||||||||
|
Corporate securities
|
1,075,315 | - | 1,075,315 | - | ||||||||||||
|
Residential mortgage-backed
|
127,660 | - | 127,660 | - | ||||||||||||
|
Commercial mortgage-backed
|
228,674 | - | 228,674 | - | ||||||||||||
|
Other asset-backed securities
|
72,284 | - | 72,284 | - | ||||||||||||
|
Trading securities
|
573 | 573 | - | - | ||||||||||||
|
GMIB reinsurance recoverable
|
22,145 | - | - | 22,145 | ||||||||||||
|
Separate account assets (1)
|
3,450,977 | 3,450,977 | - | - | ||||||||||||
|
Total
|
$ | 5,140,013 | $ | 3,538,422 | $ | 1,579,446 | $ | 22,145 | ||||||||
|
Liabilities
|
||||||||||||||||
|
GMWB reserves (2)
|
$ | 79,784 | $ | - | $ | - | $ | 79,784 | ||||||||
|
Separate account liabilities
|
3,450,977 | 3,450,977 | - | - | ||||||||||||
|
Total
|
$ | 3,530,761 | $ | 3,450,977 | $ | - | $ | 79,784 | ||||||||
|
(1) The value of the separate account liabilities is set equal to the value of the separate account assets.
|
||||||||||||||||
|
(2) GMWB reserves are presented net of reinsurance ceded to Jackson to illustrate the net effect on Jackson-NY's results.
|
||||||||||||||||
|
Assets
|
Total
|
Internal
|
External
|
|||||||||
|
GMIB reinsurance recoverable
|
$ | 21,374 | $ | 21,374 | $ | - | ||||||
|
Liabilities
|
||||||||||||
|
GMWB reserves
|
$ | 41,546 | $ | 41,546 | $ | - | ||||||
|
As of December 31, 2012
|
||||||||||||
|
Fair Value
|
Valuation
Technique(s)
|
Unobservable
Input(s)
|
Range
(Weighted Average)
|
Impact of Increase in
Input on Fair Value
|
||||||||
|
Assets
|
||||||||||||
|
GMIB reinsurance recoverable
|
$ | 21,374 |
Discounted cash flow
|
Policyholder behavior
|
See below
|
See below
|
||||||
|
Liabilities
|
||||||||||||
|
GMWB reserves
|
$ | 41,546 |
Discounted cash flow
|
Policyholder behavior
|
See below
|
See below
|
||||||
|
Total Realized/Unrealized Gains
(Losses) Included in
|
||||||||||||||||||||||||
|
Purchases,
|
||||||||||||||||||||||||
|
Fair Value
|
Sales,
|
Fair Value
|
||||||||||||||||||||||
|
as of
|
Other
|
Issuances
|
Transfers in
|
as of
|
||||||||||||||||||||
|
January 1,
|
Net
|
Comprehensive
|
and
|
and/or out
|
December 31,
|
|||||||||||||||||||
|
(in thousands)
|
2012
|
Income
|
Income
|
Settlements
|
of Level 3
|
2012
|
||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||
|
GMIB reinsurance recoverable
|
$ | 22,145 | $ | (771 | ) | $ | - | $ | - | $ | - | $ | 21,374 | |||||||||||
|
Liabilities
|
||||||||||||||||||||||||
|
GMWB reserves
|
$ | (79,784 | ) | $ | 38,238 | $ | - | $ | - | $ | - | $ | (41,546 | ) | ||||||||||
|
Total Realized/Unrealized Gains
(Losses) Included in
|
||||||||||||||||||||||||
|
Purchases,
|
||||||||||||||||||||||||
|
Fair Value
|
Sales,
|
Fair Value
|
||||||||||||||||||||||
|
as of
|
Other
|
Issuances
|
Transfers in
|
as of
|
||||||||||||||||||||
|
January 1,
|
Net
|
Comprehensive
|
and
|
and/or out
|
December 31,
|
|||||||||||||||||||
|
(in thousands)
|
2011 |
Income
|
Income
|
Settlements
|
of Level 3
|
2011 | ||||||||||||||||||
|
Assets
|
||||||||||||||||||||||||
|
Fixed maturities
|
||||||||||||||||||||||||
|
Corporate securities
|
$ | - | $ | 6 | $ | - | $ | (6 | ) | $ | - | $ | - | |||||||||||
|
GMIB reinsurance recoverable
|
6,980 | 15,165 | - | - | - | 22,145 | ||||||||||||||||||
|
Liabilities
|
||||||||||||||||||||||||
|
GMWB reserves
|
$ | (692 | ) | $ | (79,092 | ) | $ | - | $ | - | $ | - | $ | (79,784 | ) | |||||||||
|
Purchases
|
Sales
|
Issuances
|
Settlements
|
Total
|
||||||||||||||||
|
Assets
|
||||||||||||||||||||
|
Fixed maturities
|
||||||||||||||||||||
|
Corporate securities
|
$ | - | $ | (6 | ) | $ | - | $ | - | $ | (6 | ) | ||||||||
|
Total
|
$ | - | $ | (6 | ) | $ | - | $ | - | $ | (6 | ) | ||||||||
|
2012
|
2011
|
|||||||
|
Assets
|
||||||||
|
Corporate securities
|
$ | - | $ | 6 | ||||
|
GMIB reinsurance recoverable
|
(771 | ) | 15,165 | |||||
|
Liabilities
|
||||||||
| GMWB reserves | $ | 38,238 | $ | (79,092 | ) | |||
|
Fair Value
Hierarchy Level
|
Carrying
Value
|
Fair
Value
|
Carrying
Value
|
Fair
Value
|
|||||||||||||
|
Assets
|
|||||||||||||||||
|
Cash and cash equivalents
|
Level 1
|
$ | 105,956 | $ | 105,956 | $ | 73,287 | $ | 73,287 | ||||||||
|
Policy loans
|
Level 3
|
301 | 301 | 269 | 269 | ||||||||||||
|
Liabilities
|
|||||||||||||||||
|
Annuity reserves (1)
|
Level 3
|
$ | 1,505,819 | $ | 1,583,153 | $ | 1,474,668 | $ | 1,357,534 | ||||||||
|
(1) Annuity reserves represent only the components of deposits on investment contracts that are considered to be financial instruments.
|
|||||||||||||||||
|
2012
|
2011
|
2010
|
||||||||||
|
Balance, beginning of year
|
$ | 227,263 | $ | 194,585 | $ | 186,477 | ||||||
|
Deferrals of acquisition costs
|
53,832 | 56,114 | 57,254 | |||||||||
|
Amortization related to:
|
||||||||||||
|
Operations
|
(47,750 | ) | (3,019 | ) | (20,577 | ) | ||||||
|
Net realized losses
|
478 | 226 | 2,919 | |||||||||
|
Total amortization
|
(47,272 | ) | (2,793 | ) | (17,658 | ) | ||||||
|
Unrealized investment gains
|
(17,185 | ) | (20,652 | ) | (31,496 | ) | ||||||
|
Other
|
- | 9 | 8 | |||||||||
|
Balance, end of year
|
$ | 216,638 | $ | 227,263 | $ | 194,585 | ||||||
|
2012
|
2011
|
2010
|
||||||||||
|
Balance, beginning of year
|
$ | 11,172 | $ | 12,526 | $ | 14,084 | ||||||
|
Deferrals of sales inducements
|
3,586 | 4,371 | 5,065 | |||||||||
|
Amortization related to:
|
||||||||||||
|
Operations
|
(3,786 | ) | (3,929 | ) | (3,517 | ) | ||||||
|
Net realized losses
|
39 | 20 | 272 | |||||||||
|
Total amortization
|
(3,747 | ) | (3,909 | ) | (3,245 | ) | ||||||
|
Unrealized investment gains
|
(1,394 | ) | (1,816 | ) | (3,378 | ) | ||||||
|
Balance, end of year
|
$ | 9,617 | $ | 11,172 | $ | 12,526 | ||||||
|
Years Ended December 31,
|
||||||||||||
|
2011
|
2010
|
|||||||||||
|
Direct premiums
|
$ | 529 | $ | 523 | $ | 558 | ||||||
|
Less reinsurance ceded:
|
||||||||||||
|
Life
|
(443 | ) | (442 | ) | (438 | ) | ||||||
|
Guaranteed annuity benefits
|
(7,457 | ) | (7,850 | ) | (7,975 | ) | ||||||
|
Net premiums
|
$ | (7,371 | ) | $ | (7,769 | ) | $ | (7,855 | ) | |||
|
2011
|
||||||||
|
Ceded reserves
|
$ | 55,985 | $ | 77,076 | ||||
|
Ceded claims liability
|
90 | 125 | ||||||
|
Ceded other
|
4 | 9 | ||||||
|
Total
|
$ | 56,079 | $ | 77,210 | ||||
|
2011
|
||||||||
|
Direct life insurance in-force
|
$ | 314,775 | $ | 329,196 | ||||
|
Amounts ceded to other companies
|
(243,173 | ) | (255,574 | ) | ||||
|
Net life insurance in-force
|
$ | 71,602 | $ | 73,622 | ||||
|
2012
|
2011
|
|||||||
|
Traditional life
|
$ | 2,611 | $ | 2,560 | ||||
|
Guarantee benefits
|
81,698 | 140,430 | ||||||
|
Claims payable
|
24,043 | 27,086 | ||||||
|
Other
|
104 | 97 | ||||||
|
Total
|
$ | 108,456 | $ | 170,173 | ||||
|
2012
|
2011
|
|||||||
|
Interest-sensitive life
|
$ | 7,412 | $ | 6,826 | ||||
|
Variable annuity fixed option
|
857,077 | 792,322 | ||||||
|
Fixed annuity
|
691,512 | 719,021 | ||||||
|
Total
|
$ | 1,556,001 | $ | 1,518,169 | ||||
|
2012
|
||||||||||||
|
Account Value
|
||||||||||||
| Minimum Guaranteed Interest Rate |
Fixed
|
Variable
|
Total
|
|||||||||
|
1.0%
|
$ | 16.1 | $ | 174.3 | $ | 190.4 | ||||||
|
>1.0% - 2.0%
|
99.4 | 296.5 | 395.9 | |||||||||
|
>2.0% - 3.0%
|
521.9 | 386.3 | 908.2 | |||||||||
|
Total
|
$ | 637.4 | $ | 857.1 | $ | 1,494.5 | ||||||
|
2011
|
||||||||||||
|
Account Value
|
||||||||||||
| Minimum Guaranteed Interest Rate |
Fixed
|
Variable
|
Total
|
|||||||||
|
1.0%
|
$ | 7.1 | $ | 105.8 | $ | 112.9 | ||||||
|
>1.0% - 2.0%
|
104.9 | 301.1 | 406.0 | |||||||||
|
>2.0% - 3.0%
|
559.3 | 385.5 | 944.8 | |||||||||
|
Total
|
$ | 671.3 | $ | 792.4 | $ | 1,463.7 | ||||||
|
Average
|
||||||||||||||||
|
Period
|
||||||||||||||||
|
Weighted
|
until
|
|||||||||||||||
|
Minimum
|
Account
|
Net Amount
|
Average
|
Expected
|
||||||||||||
|
Return
|
Value
|
at Risk
|
Attained Age
|
Annuitization
|
||||||||||||
|
Return of net deposits plus a minimum return
|
||||||||||||||||
|
GMDB
|
0 | % | $ | 3,513.9 | $ | 67.5 |
64.0 years
|
|
||||||||
|
GMWB - Premium only
|
0 | % | 274.4 | 9.2 | ||||||||||||
|
GMWB - For life
|
0-5 | %* | 206.5 | 3.9 | ||||||||||||
|
Highest specified anniversary account value minus
|
||||||||||||||||
|
withdrawals post-anniversary
|
||||||||||||||||
|
GMDB
|
988.8 | 75.7 |
64.3 years
|
|||||||||||||
|
GMWB - Highest anniversary only
|
214.3 | 27.2 | ||||||||||||||
|
GMWB - For life
|
61.6 | 10.5 | ||||||||||||||
|
Combination net deposits plus minimum return, highest
|
||||||||||||||||
|
specified anniversary account value minus
|
||||||||||||||||
|
withdrawals post-anniversary
|
||||||||||||||||
|
GMIB
|
0-6 | % | 120.4 | 36.6 |
3.2 years
|
|||||||||||
|
GMWB - For life
|
0-8 | %* | 3,061.5 | 189.7 | ||||||||||||
|
Average
|
||||||||||||||||
|
Period
|
||||||||||||||||
|
Weighted
|
until
|
|||||||||||||||
|
Minimum
|
Account
|
Net Amount
|
Average
|
Expected
|
||||||||||||
|
Return
|
Value
|
at Risk
|
Attained Age
|
Annuitization
|
||||||||||||
|
Return of net deposits plus a minimum return
|
||||||||||||||||
|
GMDB
|
0 | % | $ | 2,637.5 | $ | 147.5 |
63.8 years
|
|
||||||||
|
GMWB - Premium only
|
0 | % | 275.0 | 20.5 | ||||||||||||
|
GMWB - For life
|
0-5 | %* | 148.9 | 51.5 | ||||||||||||
|
Highest specified anniversary account value minus
|
||||||||||||||||
|
withdrawals post-anniversary
|
||||||||||||||||
|
GMDB
|
812.8 | 141.6 |
64.1 years
|
|||||||||||||
|
GMWB - Highest anniversary only
|
201.6 | 46.8 | ||||||||||||||
|
GMWB - For life
|
60.2 | 16.7 | ||||||||||||||
|
Combination net deposits plus minimum return, highest
|
||||||||||||||||
|
specified anniversary account value minus
|
||||||||||||||||
|
withdrawals post-anniversary
|
||||||||||||||||
|
GMIB
|
0-6 | % | 118.1 | 43.2 |
4.1 years
|
|||||||||||
|
GMWB - For life
|
0-8 | %* | 2,150.9 | 212.8 | ||||||||||||
|
* Ranges shown based on simple interest. The upper limits of 5% or 8% simple interest are approximately equal to 4.1% and 6%, respectively, on a compound interest basis over a typical 10-year bonus period.
|
||||||||||||||||
|
December 31,
|
||||||||
|
Fund type:
|
2012
|
2011
|
||||||
|
Equity
|
$ | 3,610.0 | $ | 2,718.9 | ||||
|
Bond
|
490.1 | 354.9 | ||||||
|
Balanced
|
431.3 | 335.8 | ||||||
|
Money market
|
45.0 | 40.9 | ||||||
|
Total
|
$ | 4,576.4 | $ | 3,450.5 | ||||
|
2012
|
2011
|
2010
|
||||||||||
|
Balance at January 1
|
$ | 7.1 | $ | 4.1 | $ | 4.8 | ||||||
|
Incurred guaranteed benefits
|
2.4 | 4.4 | 2.5 | |||||||||
|
Paid guaranteed benefits
|
(2.8 | ) | (1.4 | ) | (3.2 | ) | ||||||
|
Balance at December 31
|
$ | 6.7 | $ | 7.1 | $ | 4.1 | ||||||
|
1)
|
Use of a series of deterministic investment performance scenarios, based on historical average market volatility.
|
|
2)
|
Mean investment performance assumption of 8.4% after investment management fees, but before investment advisory fees and mortality and expense charges.
|
|
3)
|
Mortality equal to 78.0% to 100% of the Annuity 2000 table at December 31, 2012, and 80% of the Annuity 2000 table at December 31, 2011.
|
|
4)
|
Lapse rates varying by contract type, duration and degree the benefit is in-the-money and ranging from 0.50% to 40.0%, with an average of 4.0% during the surrender charge period and 9.0% thereafter at December 31, 2012 and from 0.13% to 44.0%, with an average of 4.0% during the surrender charge period and 11.0% thereafter at December 31, 2011.
|
|
Years Ended December 31,
|
||||||||||||
|
2011
|
2010
|
|||||||||||
|
Current tax expense
|
$ | 18,237 | $ | 4,285 | $ | 7,645 | ||||||
|
Deferred tax benefit
|
(845 | ) | (4,328 | ) | (2,507 | ) | ||||||
|
Income tax expense (benefit)
|
$ | 17,392 | $ | (43 | ) | $ | 5,138 | |||||
|
Years Ended December 31,
|
||||||||||||
|
2011
|
2010
|
|||||||||||
|
Income taxes at statutory rate
|
$ | 25,053 | $ | 2,765 | $ | 8,681 | ||||||
|
Dividends received deduction
|
(7,233 | ) | (3,301 | ) | (3,581 | ) | ||||||
|
Other
|
(428 | ) | 493 | 38 | ||||||||
|
Income tax expense (benefit)
|
$ | 17,392 | $ | (43 | ) | $ | 5,138 | |||||
|
Effective tax rate
|
24.3 | % | -0.5 | % | 20.7 | % | ||||||
|
2011
|
||||||||
|
Gross deferred tax asset
|
||||||||
|
Difference between financial reporting and the tax basis of:
|
||||||||
|
Policy reserves and other insurance items
|
$ | 74,019 | $ | 73,888 | ||||
|
Other-than-temporary impairments and other investment related items
|
7,059 | 7,449 | ||||||
|
Other, net
|
3,257 | 686 | ||||||
|
Total gross deferred tax asset
|
84,335 | 82,023 | ||||||
|
Gross deferred tax liability
|
||||||||
|
Difference between financial reporting and the tax basis of:
|
||||||||
|
Deferred acquisition costs and sales inducements
|
(69,990 | ) | (75,028 | ) | ||||
|
Net unrealized gains on available for sale securities
|
(61,900 | ) | (39,247 | ) | ||||
|
Total gross deferred tax liability
|
(131,890 | ) | (114,275 | ) | ||||
|
Net deferred tax liability
|
$ | (47,555 | ) | $ | (32,252 | ) | ||
|
2012
|
2011
|
|||||||
|
Unrecognized tax benefit, beginning of year
|
$ | 2,036 | $ | - | ||||
|
Additions for tax positions identified
|
- | 2,036 | ||||||
|
Reduction of tax positions of closed prior years
|
- | - | ||||||
|
Reduction of reserve (1)
|
2,036 | - | ||||||
|
Unrecognized tax benefit, end of year
|
$ | - | $ | 2,036 | ||||
|
(1) Elimination of reserve due to issuance of new IRS guidance.
|
||||||||
|
1.
|
Resolution of Depositor's Board of Directors authorizing the establishment of the Registrant, incorporated herein by reference to the Registrant’s Registration Statement filed on October 3, 1997 (File Nos. 333-37175 and 811-08401).
|
|
a.
|
Amended and Restated General Distributor Agreement dated June 1, 2006, incorporated herein by reference to the Registrant's Registration Statement filed on August 10, 2006 (File Nos. 333-136472 and 811-08401).
|
|
b.
|
Selling Agreement between Jackson National Life Insurance Company of New York and Jackson National Life Distributors, LLC (N2565 01/12), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 1, filed on April 25, 2012 (File Nos. 333-175720 and 811-08401).
|
|
c.
|
Selling Agreement between Jackson National Life Insurance Company of New York and Jackson National Life Distributors, LLC (N2565 08/12), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183046 and 811-08401).
|
|
a.
|
Specimen of Tax Sheltered Annuity Endorsement, incorporated herein by reference to the Registrant’s Registration Statement filed on August 19, 2004 (File Nos. 333-118370 and 811-08401).
|
|
b.
|
Specimen of Retirement Plan Endorsement, incorporated herein by reference to the Registrant’s Registration Statement filed on August 19, 2004 (File Nos. 333-118370 and 811-08401).
|
|
c.
|
Specimen of Individual Retirement Annuity Endorsement, incorporated herein by reference to the Registrant’s Registration Statement filed on August 19, 2004 (File Nos. 333-118370 and 811-08401).
|
|
d.
|
Specimen of Roth IRA Endorsement, incorporated herein by reference to the Registrant’s Registration Statement filed on August 19, 2004 (File Nos. 333-118370 and 811-08401).
|
|
e.
|
Specimen of Charitable Remainder Trust Endorsement, incorporated herein by reference to the Registrant’s Pre-Effective Amendment filed on December 30, 2004 (File Nos. 333-119659 and 811-08401).
|
|
f.
|
Specimen of the Highest Anniversary Value Death Benefit Option (HAV) Endorsement (7595NY 04/09), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 38, filed on April 2, 2009 (File Nos. 333-70384 and 811-08401).
|
|
g.
|
Specimen of DOMA Endorsement, incorporated herein by reference to Registrant's Initial Registration, filed on July 22, 2011 (File Nos. 333-175721 and 811-08401).
|
|
h.
|
Specimen of Special Dollar Cost Averaging Endorsement (7408NY 02/06), to be incorporated by amendment.
|
|
i.
|
Specimen of the Reduced Administration Charge Endorsement (7536 09/09), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 39, filed on September 24, 2009 (File Nos. 333-70384 and 811-08401).
|
|
j.
|
Specimen of the [2%] Contract Enhancement Endorsement (7567NY 01/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 47, filed on April 30, 2010 (File Nos. 333-70384 and 811-08401).
|
|
k.
|
Specimen of the [3%] Contract Enhancement Endorsement (7568NY 01/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 47, filed on April 30, 2010 (File Nos. 333-70384 and 811-08401).
|
|
l.
|
Specimen of the [4%] Contract Enhancement Endorsement (7569NY 01/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 47, filed on April 30, 2010 (File Nos. 333-70384 and 811-08401).
|
|
m.
|
Specimen of the Guaranteed Minimum Withdrawal Benefit With [5] Year Step-Up (SafeGuard Max) Endorsement (7633ANY-A 05/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 47, filed on April 30, 2010 (File Nos. 333-70384 and 811-08401).
|
|
n.
|
Specimen of the Perspective II Fixed and Variable Annuity Contract (VA620NY), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 49, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
o.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With [5%] Bonus and Annual Step-Up (7640ANY-A 10/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 49, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
p.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With [5%] Bonus and Annual Step-Up to the Highest Quarterly Contract Value (7641ANY-A 10/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 49, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
q.
|
Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [5%] Bonus and Annual Step-Up (7642ANY-A 10/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 49, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
r.
|
Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [5%] Bonus and Annual Step-Up to the Highest Quarterly Contract Value (7643ANY-A 10/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 49, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
s.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With [6%] Bonus and Annual Step-Up (7646ANY-A 10/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 49, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
t.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With [6%] Bonus and Annual Step-Up to the Highest Quarterly Contract Value (7647ANY-A 10/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 49, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
u.
|
Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [6%] Bonus and Annual Step-Up (7648ANY-A 10/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 49, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
v.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With [7%] Bonus and Annual Step-Up (7652ANY-A 10/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 49, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
w.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With [7%] Bonus and Annual Step-Up to the Highest Quarterly Contract Value (7653ANY-A 10/10), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 49, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
x.
|
Specimen of [5%] Guaranteed Minimum Withdrawal Benefit with Annual Step-Up (AutoGuard 5) Endorsement (7659ANY-A 05/11), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 50, filed on January 20, 2011 (File Nos. 333-70384 and 811-08664.
|
|
y.
|
Specimen of [6%] Guaranteed Minimum Withdrawal Benefit with Annual Step-Up (AutoGuard 6) Endorsement (7660ANY-A 05/11), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 50, filed on January 20, 2011 (File Nos. 333-70384 and 811-08664.
|
|
z.
|
Specimen of 4 Year Withdrawal Charge Schedule Endorsement (7499NY 01/11), incorporated herein by reference to the Registrant’s Registration Statement, filed on March 16, 2011 (File Nos. 333-172873 and 811-08401).
|
|
aa.
|
Specimen of Guaranteed Minimum Withdrawal Benefit for Stretch RMDs Endorsement (MarketGuard Stretch) (7668ANY A 04/12), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 1, filed on April 25, 2012 (File Nos. 333-175720 and 811-08401).
|
|
bb.
|
Form of Freedom Flex GMWB with HAV Death Benefit Endorsement (7675ANY-A 04/12), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 6, filed on January 20, 2012 (File Nos. 333-172873 and 811-08401).
|
|
cc.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount (LifeGuard Freedom 6 Net) Endorsement, incorporated herein by reference to Registrant’s Post-Effective Amendment, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
dd.
|
Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount (LifeGuard Freedom 6 Net with Joint Option) Endorsement, incorporated herein by reference to Registrant’s Post-Effective Amendment, filed on October 5, 2010 (File Nos. 333-70384 and 811-08401).
|
|
ee.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With [5]% Bonus And Annual Step-Up Endorsement (7700ANY-A 04/13), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183046 and 811-08401).
|
|
ff.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With [6]% Bonus And Annual Step-Up Endorsement (7701ANY-A 04/13), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183046 and 811-08401).
|
|
gg.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With [7]% Bonus And Annual Step-Up Endorsement (7702ANY-A 04/13), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183046 and 811-08401).
|
|
hh.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With [6]% Bonus, Annual Step-Up, And Highest Anniversary Value Death Benefit Endorsement (7712ANY-A 04/13), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183046 and 811-08401).
|
|
ii.
|
Form of For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount Endorsement (7713ANY-A 04/13), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183046 and 811-08401).
|
|
jj.
|
Form of Guaranteed Minimum Withdrawal Benefit Endorsement (7678ANY-A 04/13), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183046 and 811-08401).
|
|
Form of the Perspective II Fixed and Variable Annuity Application (NV7173 09/12), incorporated herein by reference to Registrant’s Registration Statement, filed on September 4, 2012 (File Nos. 333-183047 and 811-08401).
|
|
a.
|
Declaration and Charter of Depositor, incorporated herein by reference to Registrant's to the Registrant’s Registration Statement filed on October 3, 1997 (File Nos. 333-37175 and 811-08401).
|
|
b.
|
By-laws of Depositor, incorporated herein by reference to the Registrant’s Registration Statement filed on October 3, 1997 (File Nos. 333-37175 and 811-08401).
|
|
c.
|
Amended By-Laws of Jackson National Life Insurance Company of New York, incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183046 and 811-08401).
|
|
8.
|
Amended and Restated Administrative Services Agreement between Jackson National Asset Management, LLC and Jackson National Life Insurance Company, incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183048 and 811-08664).
|
|
Name and Principal Business Address
|
Positions and Offices with Depositor
|
|
Director
|
|
|
4A Rivermere Apartments
|
|
|
Director
|
|
|
20434 Crestview Drive
|
|
|
Director
|
|
|
200 Manor Road
|
|
|
Director
|
|
|
220 West Congress
|
|
|
Director
|
|
|
1640 Haslett Road, Suite 160
|
|
|
Richard David Ash
|
Senior Vice President, Chief Actuary & Appointed
|
|
1 Corporate Way
|
Actuary
|
|
Savvas (Steve) Panagiotis
|
Vice President
|
|
Binioris
|
|
|
1 Corporate Way
|
|
|
Michele M. Binkley
|
Vice President
|
|
1 Corporate Way
|
|
|
Dennis Allen Blue
|
Vice President
|
|
1 Corporate Way
|
|
|
Barrett M. Bonemer
|
Vice President
|
|
1 Corporate Way
|
|
|
Jeffrey Ross Borton
|
Vice President
|
|
1 Corporate Way
|
|
|
David L. Bowers
|
Vice President
|
|
300 Innovation Drive
|
|
|
John Howard Brown
|
Vice President & Director
|
|
1 Corporate Way
|
|
|
James T. Carter
|
Vice President
|
|
1 Corporate Way
|
|
|
David A. Collins
|
Vice President
|
|
1 Corporate Way
|
|
|
Michael Alan Costello
|
Senior Vice President, Controller, Treasurer & Director
|
|
1 Corporate Way
|
|
|
Joseph Mark Clark
|
Senior Vice President, Chief Information Officer
|
|
1 Corporate Way
|
& Director
|
|
James Bradley Croom
|
Vice President
|
|
1 Corporate Way
|
|
|
Phillip Brian Eaves
|
Vice President
|
|
1 Corporate Way
|
|
|
Charles Fox Field, Jr.
|
Vice President
|
|
6550 Carothers Pkwy.
|
|
|
Suite 170
|
|
|
Dana R. Malesky Flegler
|
Vice President
|
|
1 Corporate Way
|
|
|
James Douglas Garrison
|
Vice President
|
|
1 Corporate Way
|
|
|
Julia Anne Goatley
|
Vice President, Assistant Secretary &
|
|
1 Corporate Way
|
Director
|
|
Matthew Phillip Gonring
|
Vice President
|
|
300 Innovation Drive
|
|
|
John A. Gorgenson, Jr.
|
Vice President
|
|
1 Corporate Way
|
|
|
Robert William Hajdu
|
Vice President
|
|
1 Corporate Way
|
|
|
Laura Louise Hanson
|
Vice President & Director
|
|
1 Corporate Way
|
|
|
Robert L. Hill
|
Vice President
|
|
1 Corporate Way
|
|
|
Herald Dean Hosfield
|
Vice President
|
|
1 Corporate Way
|
|
|
Clifford James Jack
|
Executive Vice President,
|
|
7601 Technology Way
|
Head of Retail, Chairman & Director
|
|
Scott Francis Klus
|
Vice President
|
|
1 Corporate Way
|
|
|
Herbert George May III
|
Chief Administrative Officer &
|
|
275 Grove St Building
|
Director
|
|
4th floor
|
|
|
Machelle Antoinette McAdory
|
Senior Vice President
|
|
1 Corporate Way
|
|
|
Diahn M. McHenry
|
Vice President
|
|
1 Corporate Way
|
|
|
Thomas John Meyer
|
Senior Vice President, General
|
|
1 Corporate Way
|
Counsel, Secretary & Director
|
|
Karen M. Minor
|
Vice President
|
|
1 Corporate Way
|
|
|
Keith Richard Moore
|
Senior Vice President
|
|
1 Corporate Way
|
|
|
Paul Chad Myers
|
Executive Vice President and Chief Financial Officer
|
|
1 Corporate Way
|
|
|
Russell Erwin Peck
|
Vice President
|
|
1 Corporate Way
|
|
|
Laura Louene Prieskorn
|
Senior Vice President
|
|
1 Corporate Way
|
|
|
Dana S. Rapier
|
Vice President
|
|
1 Corporate Way
|
|
|
William Robert Schulz
|
Vice President
|
|
1 Corporate Way
|
|
|
Muhammad Sajid Shami
|
Vice President
|
|
1 Corporate Way
|
|
|
James Ronald Sopha
|
Chief Operating Officer
|
|
1 Corporate Way
|
|
|
Kenneth Harold Stewart
|
Senior Vice President
|
|
1 Corporate Way
|
|
|
Heather Rachelle Strang
|
Vice President
|
|
1 Corporate Way
|
|
|
Marcia Lynn Wadsten
|
Vice President
|
|
1 Corporate Way
|
|
|
Bonnie Goshlin Wasgatt
|
Vice President
|
|
300 Innovation Drive
|
|
|
Michael Andrew Wells
|
President & Chief Executive Officer
|
|
300 Innovation Drive
|
|
|
Company
|
State of Organization
|
Control/Ownership
|
|
Allied Life Brokerage Agency, Inc.
|
Iowa
|
100% Jackson National Life Insurance Company
|
|
Ascent Holdings Limited
|
England
|
50% Prudential Property Investment Managers Limited
|
|
Ascent Insurance Brokers (Corporate) Limited
|
England
|
100% Ascent Insurance Brokers Limited
|
|
Ascent Insurance Brokers Limited
|
England
|
100% Ascent Holdings Limited
|
|
Ascent Insurance Management Limited
|
England
|
100% Ascent Holdings Limited
|
|
BOCI – Prudential Asset Management Limited
|
Hong Kong
|
36% Prudential Corporation Holdings Limited
|
|
BOCI – Prudential Trustee Limited
|
Hong Kong
|
36% Prudential Corporation Holdings Limited
|
|
Brooke LLC
|
Delaware
|
100% Prudential (US Holdco2) Limited
|
|
Brooke (Holdco1) Inc.
|
Delaware
|
100% Prudential (US Holdco 1) Limited
|
|
Brooke Holdings LLC
|
Delaware
|
100% Nicole Finance Inc.
|
|
Brooke Holdings (UK)
|
United Kingdom
|
100% Brooke UK LLC
|
|
Brooke (Jersey) Limited
|
Jersey
|
100% Prudential (US Holdco 2) Limited
|
|
Brooke Life Insurance Company
|
Michigan
|
100% Brooke Holdings LLC
|
|
Brooke UK LLC
|
Delaware
|
100% Brooke (Holdco 1) Inc.
|
|
CIMPL Pty Limited
|
Australia
|
100% PPM Capital (Holdings) Limited
|
|
CITIC Prudential Life Insurance Company Limited
|
China
|
50% Prudential Corporation Holdings Limited
|
|
CITIC – Prudential Fund Management Company Limited
|
China
|
49% Prudential Corporation Holdings Limited
|
|
CSU One Limited
|
United Kingdom
|
100% Prudential Group Holdings Limited
|
|
Calvin Asset Management Limited
|
England
|
100% Calvin Capital Limited
|
|
Calvin Capital Limited
|
England
|
100% Marlin Acquisitions Holdings Limited
|
|
Canada Property (Trustee) No 1 Limited
|
Jersey
|
100% Canada Property Holdings Limited
|
|
Canada Property Holdings Limited
|
England
|
100% M&G Limited
|
|
Curian Capital, LLC
|
Michigan
|
100% Jackson National Life Insurance Company
|
|
Curian Clearing LLC
|
Michigan
|
100% Jackson National Life Insurance Company
|
|
Earth and Wind Energias Removables, S.L.
|
Spain
|
100% Infracapital Solar B.V.
|
|
Eastspring Investments (Hong Kong) Limited
|
Hong Kong
|
100% Prudential Corporations Holdings Limited
|
|
Eastspring Investments (UK) Limited
|
England
|
100% Prudential Corporations Holdings Limited
|
|
Eastspring Investments Fund Management Limited Liability Company
|
Vietnam
|
100% Prudential Vietnam Assurance Private Ltd
|
|
Eastspring Securities Investment Trust Co. Ltd.
|
Taiwan
|
99.54% Prudential Corporation Holdings Limited
|
|
FA II Limited
|
England
|
100% FA III Limited
|
|
FA III Limited
|
England
|
100% Infracapital Nominees Limited
|
|
Falcon Acquisitions Limited
|
England
|
100% FA II Limited
|
|
Falcon Acquisitions Holdings Limited
|
England
|
100% Infracapital Nominees Limited
|
|
First Dakota, Inc.
|
North Dakota
|
100% IFC Holdings, Inc.
|
|
First Dakota of Montana, Inc.
|
Montana
|
100% IFC Holdings, Inc.
|
|
First Dakota of New Mexico, Inc.
|
New Mexico
|
100% IFC Holdings, Inc.
|
|
First Dakota of Texas, Inc.
|
Texas
|
100% IFC Holdings, Inc.
|
|
First Dakota of Wyoming, Inc.
|
Wyoming
|
100% IFC Holdings, Inc.
|
|
Furnival Insurance Company PCC Limited
|
Guernsey
|
100% Prudential Corporation Holdings Limited
|
|
GS Twenty Two Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
Geoffrey Snushall Limited
|
England
|
100% Snushalls Team Limited
|
|
Giang Vo Development JV Company
|
Vietnam
|
65% Prudential Vietnam Assurance Private Limited
|
|
Hermitage Management, LLC
|
Michigan
|
100% Jackson National Life Company Insurance
|
|
Holborn Bars Nominees Limited
|
England
|
100% M&G Investment Management Limited
|
|
Holborn Delaware LLC
|
Delaware
|
100% Prudential Four Limited
|
|
Holborn Finance Holding Company
|
England
|
100% Prudential Securities Limited
|
|
Hyde Holdco 1 Limited
|
England
|
100% Prudential Corporation Holdings Limited
|
|
Hyde Holdco 3 Limited
|
England
|
100% Prudential Capital Holding Company Limited
|
|
ICICI Prudential Asset Management Company Limited
|
India
|
49% Prudential Corporation Holdings Limited
|
|
ICICI Prudential Life Insurance Company Limited
|
India
|
25.96% Prudential Corporation Holdings Limited
|
|
ICICI Prudential Pension Funds Management Company Ltd.
|
India
|
100% ICICI Prudential Life Insurance Company Limited
|
|
ICICI Prudential Trust Limited
|
India
|
49% Prudential Corporation Holdings Limited
|
|
IFC Holdings, Inc.
d/b/a INVEST Financial Corporation
|
Delaware
|
100% National Planning Holdings Inc.
|
|
INVEST Financial Corporation Insurance Agency Inc. of Alabama
|
Alabama
|
100% INVEST Financial Corporation Insurance Agency, Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Connecticut
|
Connecticut
|
100% INVEST Financial Corporation Insurance Agency, Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
Delaware
|
100% IFC Holdings, Inc. d/b/a INVEST Financial Corporation
|
|
INVEST Financial Corporation Insurance Agency Inc. of Georgia
|
Georgia
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Illinois
|
Illinois
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Maryland
|
Maryland
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Massachusetts
|
Massachusetts
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Montana
|
Montana
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Nevada
|
Nevada
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of New Mexico
|
New Mexico
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Ohio
|
Ohio
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Oklahoma
|
Oklahoma
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of South Carolina
|
South Carolina
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Texas
|
Texas
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency Inc. of Wyoming
|
Wyoming
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
INVEST Financial Corporation Insurance Agency PA of Mississippi
|
Mississippi
|
100% INVEST Financial Corporation Insurance Agency Inc. of Delaware
|
|
Infracapital CI II Limited
|
Scotland
|
100% M&G Limited
|
|
Infracapital EF II Limited
|
Scotland
|
100% M&G Limited
|
|
Infracapital Employee Feeder GP Limited
|
Scotland
|
100% M&G Limited
|
|
Infracapital F1 S.a.r.l.
|
Luxembourg
|
100% Infracapital F1 Holdings S.a.r.l
|
|
Infracapital F1 Holdings S.a.r.l.
|
Luxembourg
|
100% Infracapital Nominees Limited
|
|
Infracapital GP Limited
|
England
|
100% M&G Limited
|
|
Infracapital GP II Limited
|
England
|
100% M&G Limited
|
|
Infracapital Nominees Limited
|
England
|
100% M&G Limited
|
|
Infracapital SLP Limited
|
England
|
100% M&G Limited
|
|
Infracapital Solar B.V.
|
Netherlands
|
100% Infracapital F1 S.a.r.l.
|
|
Innisfree M&G PPP LLP
|
England
|
35% M&G IMPPP1 Limited
|
|
Investment Centers of America, Inc.
|
North Dakota
|
100% IFC Holdings, Inc.
|
|
Jackson National Asset Management, LLC
|
Michigan
|
100% Jackson National Life Insurance Company
|
|
Jackson National Life (Bermuda) Ltd.
|
Bermuda
|
100% Jackson National Life Insurance Company
|
|
Jackson National Life Distributors LLC
|
Delaware
|
100% Jackson National Life Insurance Company
|
|
Jackson National Life Insurance Company of New York
|
New York
|
100% Jackson National Life Insurance Company
|
|
JNL Southeast Agency, LLC
|
Michigan
|
100% Jackson National Life Insurance Company
|
|
M&G (Guernsey) Limited
|
Guernsey
|
100% M&G Limited
|
|
M&G Financial Services Limited
|
United Kingdom
|
100% M&G Limited
|
|
M&G Founders 1 Limited
|
United Kingdom
|
100% M&G Limited
|
|
M&G General Partner Inc.
|
Cayman Islands
|
100% M&G Limited
|
|
M&G Group Limited
|
England
|
100% Prudential plc
|
|
M&G IMPPP 1 Limited
|
United Kingdom
|
100% M&G Limited
|
|
M&G International Investments Limited
|
England
|
100% M&G Limited
|
|
M&G International Investments Limited
|
Austria
(Representative Bureau)
|
100% M&G International Investments Limited
|
|
M&G International Investments Limited
|
France
(Representative Bureau)
|
100% M&G International Investments Limited
|
|
M&G International Investments Limited
|
Germany
(Branch only)
|
100% M&G International Investments Limited
|
|
M&G International Investments Limited
|
Italy
(Branch only)
|
100% M&G International Investments Limited
|
|
M&G International Investments Limited
|
Spain
(Representative Bureau)
|
100% M&G International Investments Limited
|
|
M&G International Investments Nominees Limited
|
England
|
100% M&G International Investments Limited
|
|
M&G Investment Management Limited
|
England
|
100% M&G Limited
|
|
M&G Investments (Singapore) Pte. Ltd.
|
Singapore
|
100% M&G Limited
|
|
M&G Limited
|
England
|
100% M&G Group Limited
|
|
M&G Management Services Limited
|
England
|
100% M&G Limited
|
|
M&G Nominees Limited
|
United Kingdom
|
100% M&G Limited
|
|
M&G Pensions and Annuity Company Limited
|
United Kingdom
|
100% M&G Limited
|
|
M&G RED Employee Feeder GP Limited
|
Scotland
|
100% M&G Limited
|
|
M&G RED GP Limited
|
Guernsey
|
100% M&G Limited
|
|
M&G RED SLP GP Limited
|
Scotland
|
100% M&G Limited
|
|
M&G Real Estate Finance 1 Co S.a.r.l
|
Luxemborg
|
100% M&G RED GP Limited
|
|
M&G Securities Limited
|
United Kingdom
|
100% M&G Limited
|
|
M&G Support Services Limited
|
United Kingdom
|
100% M&G Limited
|
|
MM&S (2375) Limited
|
Scotland
|
100% The Prudential Assurance Company Limited
|
|
Marlin Acquisitions Holdings Limited
|
England
|
100% Infracapital GP Limited
|
|
Mission Plans of America, Inc.
|
Texas
|
100% Jackson National Life Insurance Company
|
|
National Planning Corporation
|
Delaware
|
100% National Planning Holdings, Inc.
|
|
National Planning Corporation Insurance Agency Inc. of Nevada
|
Nevada
|
100% National Planning Corporation
|
|
National Planning Holdings, Inc.
|
Delaware
|
100% Brooke Holdings LLC
|
|
National Planning Insurance Agency Inc.
|
Alabama
|
100% National Planning Corporation
|
|
National Planning Insurance Agency Inc.
|
Florida
|
100% National Planning Corporation
|
|
National Planning Insurance Agency Inc.
|
Georgia
|
100% National Planning Corporation
|
|
National Planning Insurance Agency Inc.
|
Idaho
|
100% National Planning Corporation
|
|
National Planning Insurance Agency Inc.
|
Massachusetts
|
100% National Planning Corporation
|
|
National Planning Insurance Agency Inc.
|
Montana
|
100% National Planning Corporation
|
|
National Planning Insurance Agency Inc.
|
Oklahoma
|
100% National Planning Corporation
|
|
National Planning Insurance Agency Inc.
|
Texas
|
100% National Planning Corporation
|
|
National Planning Insurance Agency Inc.
|
Wyoming
|
100% National Planning Corporation
|
|
Nicole Finance Inc.
|
Delaware
|
100% Brooke UK LLC
|
|
North Sathorn Holdings Company Limited
|
Thailand
|
100% Prudential Corporation Holdings Limited
|
|
Northstreet IP Services Singapore Pte Ltd.
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
Nova Sepadu Sdn Bhd
|
Malaysia
|
96% Sri Han Suria Sdn Berhad
|
|
P&A Holdco Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
P&A Opco Limited
|
England
|
100% P&A Holdco Limited
|
|
PCA Asset Management Limited
|
Japan
|
100% Prudential Corporation Holdings Limited
|
|
PCA Asset Management Co. Ltd.
|
Korea
|
100% Prudential Corporation Holdings Limited
|
|
PCA Life Assurance Company Limited
|
Taiwan
|
99.81% Prudential Corporation Holdings Limited
|
|
PCA Life Insurance Company Limited (Japan)
|
Japan
|
100% Prudential Corporation Holdings Limited
|
|
PCA Life Insurance Company Limited (Korea)
|
Korea
|
100% Prudential Corporation Holdings Limited
|
|
PGDS (UK One) Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
PGDS (UK Two) Limited
|
England
|
100% PDGS (UK One) Limited
|
|
PGDS (US One) LLC
|
Delaware
|
100% Jackson National Life Insurance Company
|
|
PPEM Pte. Limited
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
PPM America, Inc.
|
Delaware
|
100% PPM Holdings, Inc.
|
|
PPM Capital (Holdings) Limited
|
England
|
100% M&G Limited
|
|
PPM Finance, Inc.
|
Delaware
|
100% PPM Holdings, Inc.
|
|
PPM Holdings, Inc.
|
Delaware
|
100% Brooke Holdings LLC
|
|
PPM Ventures (Asia) Limited
|
Hong Kong
|
100% PPM Capital (Holdings) Limited
|
|
PPMC First Nominees Limited
|
England
|
100% M&G Limited
|
|
PPS Five Limited
|
England
|
100% Reeds Rains Prudential Limited
|
|
PPS Nine Limited
|
United Kingdom
|
100% Prudential Property Services Limited
|
|
PPS Twelve Limited
|
United Kingdom
|
100% Prudential Property Services Limited
|
|
PRUPIM France
|
France
(Branch Only)
|
100% Prudential Property Investment Managers Limited
|
|
PT Paja Indonesia
|
Indonesia
|
100% PT Prudential Life Assurance
|
|
PT Prudential Asset Management Indonesia
|
Indonesia
|
99% Prudential Asset Management (Hong Kong) Limited
|
|
PT Prudential Life Assurance
|
Indonesia
|
94.6% Prudential Corporation Holdings Limited
|
|
PVM Partnerships Limited
|
United Kingdom
|
100% The Prudential Assurance Company Limited
|
|
Pacus (UK) Limited
|
United Kingdom
|
100% The Prudential Assurance Company Limited
|
|
Park Avenue (Singapore Two) Limited
|
Gibraltar
|
100% Prudential Group Holdings Limited
|
|
Pru Life Assurance Limited
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
Pru Life Insurance Corporation of UK
|
Philippines
|
100% Prudential Corporation Holdings Limited
|
|
Pru Pte Limited
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
Prudence Foundation Limited
|
Hong Kong
|
100% Prudential Corporation Holdings Limited
|
|
Prudential (AN) Limited
|
United Kingdom
|
100% The Prudential Assurance Company Limited
|
|
Prudential (B1) Limited
|
Gibraltar
|
100% Prudential (Netherlands) BV
|
|
Prudential (B2) Limited
|
Gibraltar
|
100% Prudential (Netherlands) BV
|
|
Prudential (Gibraltar Five)
|
Gibraltar
|
100% Prudential (Gibraltar Four) Limited
|
|
Prudential (Gibraltar Four)
|
Gibraltar
|
100% Prudential (US Holdco 1) Limited
|
|
Prudential (Gibraltar Three)
|
Gibraltar
|
100% Prudential (Gibraltar Four) Limited
|
|
Prudential (Gibraltar Two) S.a.r.l.
|
Luxembourg
|
100% Prudential Capital Holding Company Limited
|
|
Prudential (Gibraltar) Limited
|
Gibraltar
|
100% Prudential Group Holdings Limited
|
|
Prudential (Namibia) Unit Trusts Limited
|
Namibia
|
93% Prudential Portfolio Managers (Namibia) (Pty) Limited
|
|
Prudential (Netherlands One) Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
Prudential (Netherlands) BV
|
Netherlands
|
100% Prudential Group Holdings Limited
|
|
Prudential (US Holdco 1) Limited
|
England
|
100% Prudential US Limited
|
|
Prudential (US Holdco 2)
|
Gibraltar
|
100% Holborn Delaware LLC
|
|
Prudential / M&G UKCF GP Limited
|
England
|
100% M&G Limited
|
|
Prudential Al-Wara’ Asset Management Berhad
|
Malaysia
|
100% Prudential Corporation Holdings Limited
|
|
Prudential Annuities Limited
|
England
|
100% The Prudential Assurance Company Limited
|
|
Prudential Asset Management (Hong Kong) Limited
|
Hong Kong
|
100% Prudential Corporation Holdings Limited
|
|
Prudential Asset Management (Singapore) Limited
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
Prudential Asset Management Limited
|
United Arab Emirates
|
100% Prudential Corporation Holdings Limited
|
|
Prudential Assurance Company Singapore (Pte) Limited
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
Prudential Assurance Malaysia Bhd
|
Malaysia
|
100% Sri Han Suria Sdn Berhad
|
|
Prudential Assurance Singapore (Property Services) Pte Limited
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
Prudential Atlantic Reinsurance Company Limited
|
Ireland
|
100% Prudential Corporation Holdings Limited
|
|
Prudential Australia One Limited
|
England
|
100% Prudential Corporation Holdings Limited
|
|
Prudential BSN Takaful Berhad
|
Malaysia
|
49% Prudential Corporation Holdings Limited
|
|
Prudential Capital (Singapore) Pte. Ltd.
|
Singapore
|
100% Prudential Capital Holding Company Ltd.
|
|
Prudential Capital Holding Company Limited
|
England
|
100% Prudential plc
|
|
Prudential Capital PLC
|
England
|
100% Prudential Capital Holding Company Limited
|
|
Prudential Capital Luxembourg S.a.r.l.
|
Luxembourg
|
100% Prudential Capital Holding Company Ltd.
|
|
Prudential Corporate Pensions Trustee Limited
|
England
|
100% The Prudential Assurance Company Limited
|
|
Prudential Corporation Asia Limited
|
Hong Kong
|
100% Prudential Corporation Holdings Limited
|
|
Prudential Corporation Australasia Holdings Pty Limited
|
Australia
|
100% Prudential Group Holdings Limited
|
|
Prudential plc
|
England
|
Publicly Traded
|
|
Prudential Corporation Holdings Limited
|
England
|
100% Prudential Holdings Limited
|
|
Prudential Corporation Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
Prudential Distribution Limited
|
Scotland
|
100% Prudential Financial Services Limited
|
|
Prudential Europe Assurance Holdings plc
|
Scotland
|
100% MM&S (2375) Limited
|
|
Prudential Finance BV
|
Netherlands
|
100% Prudential Corporation Holdings Limited
|
|
Prudential Financial Services Limited
|
England
|
100% Prudential plc
|
|
Prudential Five Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
Prudential Four Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
Prudential Fund Management Berhad
|
Malaysia
|
100% Nova Sepadu Sdn Bhd
|
|
Prudential Fund Management Services Private Limited
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
Prudential GP Limited
|
Scotland
|
100% M&G Limited
|
|
Prudential General Insurance Hong Kong Limited
|
Hong Kong
|
100% The Prudential Assurance Company Limited
|
|
Prudential Group Holdings Limited
|
England
|
100% Prudential plc
|
|
Prudential Group Pensions Limited
|
England
|
100% Prudential Financial Services Limited
|
|
Prudential Group Secretarial Services Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
Prudential Health Holdings Limited
|
England
|
25% The Prudential Assurance Company Limited
|
|
Prudential Health Limited
|
England
|
100% Prudential Health Insurance Limited
|
|
Prudential Health Insurance Limited
|
England
|
100% Prudential Health Holdings Limited
|
|
Prudential Health Services Limited
|
England
|
100% Prudential Health Holdings Limited
|
|
Prudential Holborn Life Limited
|
England
|
100% The Prudential Assurance Company Limited
|
|
Prudential Holdings Limited
|
Scotland
|
100% Prudential plc
|
|
Prudential Hong Kong Limited
|
Hong Kong
|
100% The Prudential Assurance Company Limited
|
|
Prudential IP Services Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
Prudential International Assurance plc
|
Ireland
|
100% Prudential Europe Assurance Holdings plc
|
|
Prudential International Management Services Limited
|
Ireland
|
100% Prudential Europe Assurance Holdings plc
|
|
Prudential Investments (UK) Limited
|
United Kingdom
|
100% Prudential Capital Holding Company
|
|
Prudential Jersey (No 2) Limited
|
Jersey
|
100% Prudential Group Holdings Limited
|
|
Prudential Jersey Limited
|
Jersey
|
100% Prudential Group Holdings Limited
|
|
Prudential Lalondes Limited
|
England
|
100% Prudential Property Services Limited
|
|
Prudential Life Assurance (Thailand) Public Company Limited
|
Thailand
|
42.59% North Sathorn Holdings Company Limited
32.11% Staple Limited
24.82% Prudential Corporation Holdings Limited
0.48% Others
|
|
Prudential Lifetime Mortgages Limited
|
Scotland
|
100% The Prudential Assurance Company Limited
|
|
Prudential Pensions Limited
|
England
|
100% The Prudential Assurance Company Limited
|
|
Prudential Personal Equity Plans Limited
|
England
|
100% M&G Limited
|
|
Prudential Portfolio Managers (Namibia) (Pty) Limited
|
Namibia
|
75% Prudential Portfolio Managers (South Africa) (Pty) Limited
|
|
Prudential Portfolio Managers (South Africa) (Pty) Limited
|
South Africa
|
75% M&G Limited
|
|
Prudential Portfolio Managers (South Africa) Life Limited
|
South Africa
|
99.4% Prudential Portfolio Managers (South Africa) (Pty) Limited
|
|
Prudential Portfolio Managers Unit Trusts Limited
|
South Africa
|
94% Prudential Portfolio Managers (South Africa) (Pty) Limited
|
|
Prudential Process Management Services India Private Limited
|
India
|
99.97% Prudential Corporation Holdings Limited
0.03% Prudential UK Services Limited
|
|
Prudential Properties Trusty Pty Limited
|
Australia
|
100% The Prudential Assurance Company Limited
|
|
Prudential Property Investment Management (Singapore) Pte Limited
|
Singapore
|
50% Prudential Singapore Holdings Pte Limited
50% Prudential Property Investment Managers Limited
|
|
Prudential Property Investment Managers Limited
|
United Kingdom
|
100% M&G Limited
|
|
Prudential Property Services (Bristol) Limited
|
England
|
100% Prudential Property Services Limited
|
|
Prudential Property Services Limited
|
England
|
100% Prudential plc
|
|
Prudential Protect Limited
|
England
|
100% Prudential Health Holdings Limited
|
|
Prudential Pte Ltd
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
Prudential Quest Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
Prudential Retirement Income Limited
|
Scotland
|
100% The Prudential Assurance Company Limited
|
|
Prudential Securities Limited
|
England
|
50% Prudential (B1) Limited
50% Prudential (B2) Limited
|
|
Prudential Services Asia Sdn Bhd
|
Malaysia
|
100% Prudential Corporation Holdings Limited
|
|
Prudential Services Limited
|
England
|
100% Prudential Corporation Holdings Limited
|
|
Prudential Services Singapore Pte Limited
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
Prudential Singapore Holdings Pte Limited
|
Singapore
|
100% Prudential Corporation Holdings Limited
|
|
Prudential Staff Pensions Limited
|
England
|
100% Prudential Group Holdings Limited
|
|
Prudential Trustee Company Limited
|
England
|
100% M&G Limited
|
|
Prudential UK Services Limited
|
Scotland
|
100% Prudential Financial Services Limited
|
|
Prudential US Limited
|
England
|
100% Prudential plc
|
|
Prudential Unit Trusts Limited
|
England
|
100% M&G Limited
|
|
Prudential Vietnam Assurance Private Limited
|
Vietnam
|
100% Prudential Corporation Holdings Limited
|
|
Prudential Vietnam Finance Company Limited
|
Vietnam
|
100% Prudential Holborn Life Limited
|
|
Prulink Pte Limited
|
Singapore
|
100% Prudential Singapore Holdings Pte Limited
|
|
Prutec Limited
|
England
|
100% The Prudential Assurance Company Limited
|
|
Quinner AG
|
Germany
|
100% Prudential Group Holdings Limited
|
|
REALIC of Jacksonville Plans, Inc.
|
Texas
|
100% Jackson National Life Insurance Company
|
|
Reeds Rain Prudential Limited
|
United Kingdom
|
100% Prudential Property Services Limited
|
|
ROP, Inc.
|
Delaware
|
100% Jackson National Life Insurance Company
|
|
SII Insurance Agency, Inc.
|
Massachusetts
|
100% SII Investments, Inc.
|
|
SII Insurance Agency, Inc.
|
Wisconsin
|
100% SII Investments, Inc.
|
|
SII Investments, Inc.
|
Wisconsin
|
100% National Planning Holdings, Inc.
|
|
SII Ohio Insurance Agency, Inc.
|
Ohio
|
100% SII Investments, Inc.
|
|
Scottish Amicable Finance plc
|
Scotland
|
100% The Prudential Assurance Company Limited
|
|
Scottish Amicable ISA Managers Limited
|
Scotland
|
100% The Prudential Assurance Company Limited
|
|
Scottish Amicable Life Assurance Society
|
Scotland
|
100% The Prudential Assurance Company Limited
|
|
Scottish Amicable PEP and ISA Nominees Limited
|
Scotland
|
100% Scottish Amicable Life Assurance Society
|
|
Snushalls Team Limited
|
England
|
100% Prudential Property Services Limited
|
|
Squire Reassurance Company LLC
|
Michigan
|
100% Jackson National Life Insurance Company
|
|
Squire Capital I LLC
|
Michigan
|
100% Jackson National Life Insurance Company
|
|
Squire Capital II LLC
|
Michigan
|
100% Jackson National Life Insurance Company
|
|
Sri Han Suria Sdn Berhad
|
Malaysia
|
51% Prudential Corporation Holdings Limited
|
|
SRLC Management America Corp.
|
Delaware
|
100% Jackson National Life Insurance Company
|
|
Stableview Limited
|
England
|
100% M&G Limited
|
|
Staple Limited
|
Thailand
|
100% Prudential Corporation Holdings Limited
|
|
Staple Nominees Limited
|
England
|
100% Prudential Personal Equity Plans Limited
|
|
Thames Insurance Brokers Limited
|
England
|
100% Ascent Insurance Brokers Limited
|
|
The First British Fixed Trust Company Limited
|
England
|
100% M&G Limited
|
|
The Forum, Solent, Management Company Limited
|
England
|
100% The Prudential Assurance Company Limited
|
|
The Prudential Assurance Company Limited
|
England
|
100% Prudential plc
|
|
True Prospect Limited
|
British Virgin Islands
|
100% Prudential Corporation Holdings Limited
|
|
VFL International Life Company SPC, Ltd.
|
Cayman Islands
|
100% Jackson National Life Insurance Company
|
|
Wharfedale Acquisitions Limited
|
England
|
100% Wharfedale Acquisitions Subholdings Limited
|
|
Wharfedale Acquisitions Holdings Limited
|
England
|
100% Infracapital Nominees Limited
|
|
Wharfedale Acquisitions Subholdings Limited
|
England
|
100% Wharfedale Acquisitions Holdings Limited
|
|
Yeslink Interco Limited
|
United Kingdom
|
100% Prudential Group Holdings Limited
|
|
Zelda Acquisitions Holdings Limited
|
England
|
100% Infracapital Nominees Limited
|
|
Zelda Acquisitions Limited
|
England
|
100% Zelda Acquisitions Holdings Limited
|
|
Name and Business Address
|
Positions and Offices with Underwriter
|
|
Greg Cicotte
|
Manager, President & Chief Executive Officer
|
|
7601 Technology Way
|
|
|
Manager
|
|
|
7601 Technology Way
|
|
|
Manager & Secretary
|
|
|
1 Corporate Way
|
|
|
Paul Chad Myers
|
Manager
|
|
1 Corporate Way
|
|
|
Stephen M. Ash
|
Vice President
|
|
7601 Technology Way
|
|
|
Jeffrey Bain
|
Vice President
|
|
7601 Technology Way
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Brad Baker
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Vice President
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7601 Technology Way
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Mercedes Biretto
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Vice President
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7601 Technology Way
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James Bossert
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Senior Vice President
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7601 Technology Way
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Tori Bullen
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Senior Vice President
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210 Interstate North Parkway
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Suite 401
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Bill J. Burrow
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Senior Vice President
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7601 Technology Way
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Maura Collins
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Executive Vice President, Chief Financial Officer & FinOP
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7601 Technology Way
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Paul Fitzgerald
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Senior Vice President
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7601 Technology Way
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Assistant Secretary
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1 Corporate Way
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Luis Gomez
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Vice President
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7601 Technology Way
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Kevin Grant
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Senior Vice President
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7601 Technology Way
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Thomas Hurley
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Senior Vice President
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7601 Technology Way
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Mark Jones
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Vice President
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7601 Technology Way
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Jim Livingston
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Executive Vice President, Operations
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7601 Technology Way
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Doug Mantelli
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Vice President
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7601 Technology Way
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Brook Meyer
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Vice President
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1 Corporate Way
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Jack Mishler
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Senior Vice President
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7601 Technology Way
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Steven O’Connor
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Vice President
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7601 Technology Way
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Jeremy D. Rafferty
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Vice President
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7601 Technology Way
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Alison Reed
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Senior Vice President
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7601 Technology Way
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Scott Romine
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Executive Vice President, National Sales Manager
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7601 Technology Way
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Marilynn Scherer
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Vice President
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7601 Technology Way
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Kathleen Schofield
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Vice President
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7601 Technology Way
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Daniel Starishevsky
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Senior Vice President
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7601 Technology Way
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Ryan Strauser
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Vice President
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7601 Technology Way
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Denver, VO 80237
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Brian Sward
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Vice President
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7601 Technology Way
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Jeremy Swartz
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Vice President
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7601 Technology Way
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Robin Tallman
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Vice President & Controller
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7601 Technology Way
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Katie Turner
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Vice President
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7601 Technology Way
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Brad Whiting
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Vice President
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7601 Technology Way
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Daniel Wright
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Senior Vice President & Chief Compliance Officer
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7601 Technology Way
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Phil Wright
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Vice President
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7601 Technology Way
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Name of Principal Underwriter
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Net Underwriting Discounts and Commissions
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Compensation on Redemption or Annuitization
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Brokerage Commissions
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Compensation
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|
Jackson National Life Distributors LLC
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Not Applicable
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Not Applicable
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Not Applicable
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Not Applicable
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a)
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Jackson National Life Insurance Company of New York hereby undertakes to file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than sixteen (16) months old for so long as payment under the variable annuity contracts may be accepted.
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b)
|
Jackson National Life Insurance Company of New York hereby undertakes to include either (1) as part of any application to purchase a contract offered by the Prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a postcard or similar written communication affixed to or included in the Prospectus that the applicant can remove to send for a Statement of Additional Information.
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c)
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Jackson National Life Insurance Company of New York hereby undertakes to deliver any Statement of Additional Information and any financial statement required to be made available under this Form promptly upon written or oral request.
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d)
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Jackson National Life Insurance Company of New York represents that the fees and charges deducted under the contract, in the aggregate, are reasonable in relation to the services rendered, the expenses to be incurred, and the risks assumed by Jackson National Life Insurance Company of New York.
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e)
|
The Registrant hereby represents that any contract offered by the prospectus and which is issued pursuant to Section 403(b) of the Internal Revenue Code of 1986 as amended, is issued by the Registrant in reliance upon, and in compliance with, the Securities and Exchange Commission's industry-wide no-action letter to the American Council of Life Insurance (publicly available November 28, 1988) which permits withdrawal restrictions to the extent necessary to comply with IRS Section 403(b)(11).
|
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*
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Michael A. Wells, President and
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Chief Executive Officer
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*
|
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James R. Sopha, Chief Operating Officer
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*
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Clifford J. Jack, Executive Vice President,
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Head of Retail & Chairman
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|
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*
|
|
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P. Chad Myers, Executive Vice President,
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|
|
and Chief Financial Officer
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*
|
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Herbert G. May III, Chief Administrative Officer
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and Director
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*
|
|
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Joseph M. Clark, Senior Vice President,
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|
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Chief Information Officer and Director
|
|
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Thomas J. Meyer, Senior Vice President,
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|
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General Counsel, Secretary and Director
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|
|
*
|
|
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Laura L. Hanson, Vice President and
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|
|
Director
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|
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*
|
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John H. Brown, Vice President and Director
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|
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*
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Michael A. Costello, Senior Vice President,
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Controller, Treasurer and Director
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|
|
*
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Julia A. Goatley, Vice President,
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|
Assistant Secretary and Director
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|
|
*
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|
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Donald B. Henderson, Jr., Director
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|
|
*
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David L. Porteous, Director
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|
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*
|
|
|
Donald T. DeCarlo, Director
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*
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|
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Gary H. Torgow, Director
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|
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*
|
|
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John C. Colpean, Director
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|
/s/ MICHAEL A. WELLS
|
|
______________________________________________
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|
Michael A. Wells, President and Chief Executive Officer
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|
/s/ JAMES R. SOPHA
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|
______________________________________________
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|
James R. Sopha, Chief Operating Officer
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|
/s/ CLIFFORD J. JACK
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|
______________________________________________
|
|
Clifford J. Jack, Executive Vice President, Head of Retail
|
|
and Chairman
|
|
/s/ P. CHAD MYERS
|
|
______________________________________________
|
|
P. Chad Myers, Executive Vice President and Chief Financial Officer
|
|
______________________________________________
|
|
Herbert G. May III, Chief Administrative Officer and Director
|
|
/s/ JOSEPH M. CLARK
|
|
_____________________________________________
|
|
Joseph M. Clark, Senior Vice president, Chief
|
|
Information Officer and Director
|
|
/s/ THOMAS J. MEYER
|
|
______________________________________________
|
|
Thomas J. Meyer, Senior Vice President, General
|
|
Counsel, Secretary and Director
|
|
_____________________________________________
|
|
Laura L. Prieskorn, Senior Vice President and Director
|
|
/s/ JOHN H. BROWN
|
|
______________________________________________
|
|
John H. Brown, Vice President and Director
|
|
______________________________________________
|
|
Michael A. Costello, Vice President, Treasurer and Director
|
|
/s/ JULIA A. GOATLEY
|
|
______________________________________________
|
|
Julia A. Goatley, Vice President, Assistant Secretary and Director
|
|
______________________________________________
|
|
Donald B. Henderson, Jr., Director
|
|
______________________________________________
|
|
David L. Porteous, Director
|
|
______________________________________________
|
|
Donald T. DeCarlo, Director
|
|
/s/ GARY H. TORGOW
|
|
______________________________________________
|
|
Director
|
|
/s/ JOHN C. COLPEAN
|
|
______________________________________________
|
|
Director
|
|
______________________________________________
|
|
Michael A. Costello, Senior Vice President, Controller,
Treasurer and Director
|
|
/s/ LAURA L. HANSON
|
|
_____________________________________________
|
|
Laura L. Hanson, Vice President & Director
|
| This ‘485BPOS’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/1/28 | ||||
| 12/1/26 | ||||
| 12/1/23 | ||||
| 12/1/16 | ||||
| 9/30/16 | ||||
| 6/30/15 | ||||
| 2/28/15 | ||||
| 2/27/15 | ||||
| 1/15/15 | ||||
| 1/14/15 | ||||
| 12/15/14 | ||||
| 11/1/14 | ||||
| 6/30/14 | ||||
| 3/30/14 | ||||
| 2/28/14 | NSAR-U | |||
| 1/15/14 | 485APOS | |||
| 12/1/13 | ||||
| Effective on: | 4/29/13 | 485BPOS | ||
| Filed on: | 4/25/13 | 485BPOS | ||
| 4/23/13 | 485APOS, 485BPOS | |||
| 3/18/13 | ||||
| 3/6/13 | ||||
| 2/28/13 | NSAR-U | |||
| 1/1/13 | ||||
| 12/31/12 | 24F-2NT, NSAR-U | |||
| 10/15/12 | ||||
| 10/1/12 | ||||
| 9/10/12 | 485BPOS | |||
| 9/4/12 | 485BPOS, N-4/A | |||
| 7/31/12 | ||||
| 4/30/12 | 485BPOS | |||
| 4/29/12 | ||||
| 4/25/12 | 485BPOS | |||
| 2/6/12 | ||||
| 1/20/12 | 485APOS | |||
| 1/1/12 | ||||
| 12/31/11 | 24F-2NT, NSAR-U | |||
| 12/15/11 | ||||
| 12/12/11 | 485BPOS | |||
| 10/31/11 | ||||
| 8/29/11 | 485BPOS | |||
| 7/22/11 | N-4 | |||
| 3/16/11 | N-4 | |||
| 1/20/11 | 485APOS | |||
| 12/31/10 | 24F-2NT, NSAR-U | |||
| 10/11/10 | 485BPOS | |||
| 10/5/10 | 485BPOS | |||
| 5/3/10 | ||||
| 4/30/10 | 485BPOS, 497 | |||
| 12/31/09 | 24F-2NT, NSAR-U | |||
| 9/28/09 | 485BPOS | |||
| 9/24/09 | 485BPOS | |||
| 4/6/09 | 485BPOS | |||
| 4/2/09 | 485BPOS | |||
| 12/31/08 | 24F-2NT, 485BPOS, NSAR-U | |||
| 10/6/08 | 485BPOS | |||
| 3/31/08 | 485BPOS | |||
| 8/10/06 | ||||
| 6/1/06 | ||||
| 12/30/04 | N-4/A | |||
| 8/19/04 | N-4 | |||
| 11/27/98 | ||||
| 10/3/97 | N-4 EL, N-8A | |||
| 9/12/97 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/25/24 Jnlny Separate Account I 485BPOS 4/29/24 3:3.9M 4/27/23 Jnlny Separate Account I 485BPOS 5/01/23 3:3.7M 4/21/22 Jnlny Separate Account I 485BPOS 4/25/22 3:3.8M 4/23/21 Jnlny Separate Account I 485BPOS 4/26/21 3:21M |
