open quoteThe average annuity charges you 1.35% of your assets every year (Morningstar 12/31/06). The majority of that money goes to pay the commissioned salespeople that sell most variable annuities.

FOR IMMEDIATE RELEASE

INVIVA CONTACT:
Deborah Newman
Corporate Communications
212-220-5862
dnewman@jeffnat.com

JEFFERSON NATIONAL JOINS PERSHING'S SUBSCRIBE® PROGRAM

Leading Provider of Flat-Fee VAs Enlists Technology Solution to Help Advisors Streamline Business

New York, NY and Louisville, KY - August 18, 2006 - To better meet the needs of RIAs, fee-based and fee-only financial advisors, and the clients they serve, Jefferson National Life Insurance Company (Jefferson National) recently joined Pershing's Subscribe® program.

By joining the Subscribe® program, Jefferson National continues its commitment to help advisors spend less time on routine administration, so they can dedicate more time to advising clients and building new business. With Pershing's Subscribe® program, investment professionals can now consolidate clients' Jefferson National Monument Advisor variable annuity contracts within their brokerage accounts, allowing the valuation of the VA contracts to be updated online through NetExchange Pro® and reported on clients' brokerage account statements. Monument Advisor is Jefferson National's flagship product, the first no-load, no-commission, no-surrender charge variable annuity with a flat insurance fee of $20 per month no matter how much clients invest.

About Jefferson National Life Insurance Company

Jefferson National Life Insurance Company is a life insurance company offering retirement products for fee-based advisors and the clients they serve. We believe that simple, low-cost variable annuities should be a part of every American's retirement portfolio, and we've made it our mission to help all Americans save more for retirement by launching Monument Advisor, the first variable annuity with a flat insurance fee. Jefferson National serves more than 40,000 customers nationwide, and is domiciled in Dallas, Texas with authority in 49 states and the District of Columbia. To reach our advisor support desk, please call 1-866-WHY-FLAT (1-866-949-3528). To learn more, please visit www.jeffnat.com.

About Pershing

Pershing LLC is a leading global provider of clearing and financial services outsourcing solutions to more than 1,100 institutional and retail financial organizations and independent investment advisors who collectively represent nearly six million individual investors. Located in 18 offices worldwide, Pershing provides customers with innovative technology solutions and a wide range of value-added products and services, including asset-gathering products and managed account services, extensive trading and financing capabilities, and web site development. Pershing LLC (member NYSE/NASD/SIPC) is a member of every major U.S. securities exchange and its international affiliates are members of the Frankfurt, Irish and London Stock Exchanges. Pershing LLC is a subsidiary of The Bank of New York Company, Inc.

JNL2006G180 07/06

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An investor should carefully consider the investment objectives, risks, charges and expenses of the investment before investing or sending money. For a prospectus containing this and additional information, please contact your financial professional. Read it carefully before investing. The summary of product features is not intended to be all-inclusive. Restrictions may apply. The contracts have exclusions and limitations, and may not be available in all states or at all times.

Variable annuities are investments subject to market fluctuation and risk, including possible loss of principal. Your units, when you make a withdrawal or surrender, may be worth more or less than your original investment.

Variable annuities are long-term investments to help you meet retirement and other long-range goals. Withdrawal of tax-deferred accumulations are subject to ordinary income tax. Withdrawals made prior to age 59 ½ may incur a 10% IRS tax penalty. Jefferson National does not offer tax advice. Annuities are not deposits or obligations of, or guaranteed by any bank, nor are they FDIC insured.

Monument Advisor is issued by Jefferson National Life Insurance Company (Dallas, TX) and distributed by Jefferson National Securities Corporation, FINRA member. Policy series JNL-2300-1, JNL-2300-2.

Form #: jef-pr-20061207