FOR IMMEDIATE RELEASE

Jefferson National Contact:
Deborah Newman
Director Corporate Communications
212-220-5862
dnewman@jeffnat.com

JEFFERSON NATIONAL PARTNERS WITH NAPFA TO LAUNCH ANNUITY RESCUE CENTER

Online Resource Helps Consumers and Fee-Only Advisors Get More From Their VA

New York, NY and Louisville, KY - November 16, 2006 - To help Fee-Only financial advisors, the clients they serve, and the millions of Americans who need to save more for retirement, Jefferson National Life Insurance Company (Jefferson National) has launched the Annuity Rescue Center in partnership with the National Association of Personal Financial Advisors (NAPFA), the nation's leading organization of Fee-Only comprehensive financial planning professionals.

Traditional VAs are criticized for costly asset-based fees that can erode principal and reduce performance. A conservative estimate based on Morningstar data suggests that consumers are paying at least $15 billion each year in insurance fees alone.¹ Now, the Annuity Rescue Center offers a valuable tool to help consumers pay less and accumulate substantially more for their retirement, while gaining access to four times more investment options than the typical VA², through a tax-free 1035 exchange from an overpriced traditional VA into a new no-commission, flat-insurance fee VA. Advisors and consumers can learn more by visiting the Annuity Rescue Center on NAPFA's official web site at www.napfa.org.

"With the availability of pension plans rapidly declining and Social Security's uncertain future, there are 76 million baby boomers nearing retirement who need to save more and secure a retirement income stream.The Annuity Rescue Center can help them understand how simple, flat insurance-fee variable annuities are a powerful tool to accomplish both goals," said Laurence Greenberg, President and CEO of Jefferson National Life Insurance Company. "We're very pleased that the Annuity Rescue Center has the support of NAPFA, an organization known for strict fiduciary standards and a commitment to consumers."

"The Annuity Rescue Center, the latest in our ongoing efforts to develop educational programs and public service campaigns, helps explain how Americans can secure their futures and save billions more for retirement by exchanging high-cost traditional VAs for new no-commission, flat-fee VAs," said Ellen Turf, CEO of NAPFA. "Jefferson National—the first company to develop a variable annuity that not only helps consumers save more, but also works nicely with the Fee-Only model—is an ideal Resource Partner to help advance NAPFA's mission."

Jefferson National's Monument Advisor is the only no-load, no-commission, no-surrender charge variable annuity with a flat insurance fee of $20 per month³ no matter how much clients invest.⁴ According to Morningstar, Monument Advisor's flat insurance fee of $240 per year is lower than 91% of all other VAs on a contract of $25,000, and is the market's absolute lowest on a contract of $100,000 or more. Monument Advisor also offers four times more tax-deferred investment options than the typical VA.² Monument Advisor provides no enhanced living, guaranteed death, or withdrawal benefits.

About Jefferson National Life Insurance Company

Jefferson National Life Insurance Company offers retirement products for Fee-Only 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 NAPFA

Since 1983, the National Association of Personal Financial Advisors (NAPFA), has provided Fee-Only financial planners across the country with some of the strictest guidelines possible for professional competency, comprehensive financial planning and Fee-Only compensation. With more than 1,000 members across the country, NAPFA has become the leading professional association in the United States dedicated to the advancement of Fee-Only, comprehensive financial planning. For more information on NAPFA, please visit www.napfa.org.

Important Disclosure:

Please see current product and underlying investment portfolio prospectuses for more complete information about Jefferson National's variable annuities and the underlying investment portfolios. Prospectuses may be obtained from Jefferson National by writing to us at the below address or from your financial advisor. Variable annuities are subject to market risk, including possible loss of principal. Due to the fluctuating market conditions at the time of distribution, your annuity value may be worth more or less that the total of all premium payments. Consider the investment objectives, risks and charges and expenses of the underlying investment portfolios carefully before investing. Prospectuses contain this, and other information about the investment portfolios. Please read all prospectuses carefully before investing. The summary of product features is not intended to be all-inclusive. Restrictions will apply. The contracts have exclusions and limitations. The products may not be available in all states or at all times. Please see the product prospectus for more information.

Variable annuities are long-term investments to help you meet retirement and other long-range goals. Variable annuities are complex products, however, and are not suitable for everyone. They are not designed for meeting short-term goals because substantial taxes may apply if you withdraw your money early. Withdrawal of tax-deferred accumulations are subject to ordinary income tax. If owners who are less than age 59 ½ make withdrawals, those withdrawals may incur a 10% IRS tax penalty. Neither Jefferson National nor its representatives are qualified to give tax advice.

Annuities are not FDIC insured; they are not deposits, obligations of or guaranteed by the bank or any federal government agency; and they involve risk, including the possible loss of principal. Jefferson National variable annuities are issued by Jefferson National Life Insurance Company, with Administrative Offices at 9920 Corporate Campus Drive, Suite 1000, Louisville KY 40223 and are offered by prospectus only. Jefferson National Securities Corporation is a member of the NASD and the principal underwriter of the variable annuities issued by Jefferson National. All policies and riders may vary by state, and may not be available in all states. Policy Series JNL-2300-1.

¹ Based on $1.2 trillion in variable assets according to the National Association of Variable Annuities (NAVA) and Morningstar quarterly data reported as of 12/31/2005 and average insurance charges of 1.35% of assets per year based on Morningstar data as of 12/31/2005.

² The average variable annuity has 38 underlying fund options according to Morningstar data as of 12/31/05.

³ Like other variable annuities, clients pay the fees of the underlying funds selected (currently ranging from 0.27% - 2.50%; except for Rydex VT Inverse Gov’t Long Bond Fund which is currently 5.11%) plus the fees of any advisor hired. The range of underlying fund fees reflect the minimum and maximum charges after contractual waivers that have been committed to through at least May 1, 2007.

⁴ Minimum contribution $25,000. Deposits in excess of $10 million are subject to company approval.

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JNL2006CL75 11/06

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