open quoteAccording to MORNINGSTAR data, on a $25,000 investment, Monument Advisor costs less than 91% of existing variable annuities. On a $100,000 investment, it costs less than all other variable annuities on the market today.

FOR IMMEDIATE RELEASE

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

Take the "Annuity Rescue Challenge" with Jefferson National

Compare Virtually any Variable Annuity vs. First and Only Flat-Insurance Fee VA

New York, NY and Louisville, KY - June 19, 2007 - On a mission to help Americans save more for retirement, Jefferson National invites consumers to take the "Annuity Rescue Challenge" at https://advsior.jeffnat.com. Now consumers have a simple, unbiased online tool using the latest data from Morningstar® to compare virtually any competing variable annuity—985 different products from 117 companies—versus Jefferson National's Monument Advisor, the first and only variable annuity with a flat-insurance fee of $20 per month1 and the industry's broadest selection of more than 170 underlying tax-deferred funds.2

"Americans still need to save more for retirement and rescuing an overpriced annuity is one way to help," said Laurence Greenberg, President and CEO of Jefferson National Life Insurance Company. A conservative estimate based on Morningstar® data suggests that consumers with variable annuities are paying at least $15 billion each year in insurance fees alone.3

"We're so confident in the value of Monument Advisor that we've made it easier for consumers to compare us to every other competing VA on the market, so they can be sure they're saving the most for their retirement," said Greenberg. "On a $50,000 VA, Monument Advisor's flat-insurance fee of $20 per month is lower than 99% of all other VAs, so consumers can pay less in fees and accumulate more in their nest egg."4,5

Jefferson National's Annuity Comparison Calculator is easy to use and provides five illustrations to help consumers understand how much they can save, how much more their account value can grow, and the break-even period that can help consumers get over the "surrender hurdle."4 According to Morningstar®, Monument Advisor's flat-insurance fee of $20 per month is the market's absolute lowest on a contract of $100,000 or more.5

"Our average customer saves more than $2,655 in insurance fees each year6—and the real value becomes clear over a lifetime of retirement saving," concluded Greenberg. According to Morningstar, average annual insurance charges are 1.35%, or $3,375 on a $250,000 VA, versus Monument Advisor's flat-insurance fee of just $240 per year. Over 20 years, assuming market growth of 6% per year, this translates to cumulative insurance fees averaging $110,058 for a typical VA, versus just $4,800 for Monument Advisor—a savings of $105,258. By saving thousands each year with a flat-insurance fee, re-investing those assets at an assumed market growth rate of 6%, and allowing those extra earnings to compound tax-deferred over 20 years, the Monument Advisor customer could earn more than $172,480 in extra account value.

About Jefferson National Life Insurance Company

Jefferson National Life Insurance Company offers retirement products for fee-based advisors and the clients they serve. Jefferson National believes that simple, low-cost variable annuities should be considered for 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 60,000 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.

Important Disclosure:

Variable annuities are subject to investment risk, including possible loss of the principal amount invested. 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 and insurance company charges may apply if you withdraw your money early. Withdrawal of tax-deferred accumulations may be subject to deferred sales charges and are subject to ordinary income tax. If owners who are less than age 59½ make withdrawals, those withdrawals may incur a 10% IRS tax penalty. Neither Jefferson National nor its representatives are qualified to give tax advice.

1Jefferson National's Monument Advisor has a $20 flat insurance fee on more than 97% of our underlying funds. Certain funds also have a transaction fee ranging from $19.99 to $49.99 per transaction, depending on the number of transactions per year. See the prospectus for details. Like other variable annuities, the customer pays fees of the underlying funds selected plus the fees of any advisor hired.

2The average variable annuity has 38 underlying fund options according to Morningstar data as of 12/31/06.

3 Based on $1.3 trillion in variable assets according to the National Association of Variable Annuities (NAVA) and Morningstar quarterly data reported as of 12/31/2006 and average insurance charges of 1.35% of assets per year based on Morningstar data as of 12/31/2006.

4Review current annuity for loss of benefits or surrender charges you may incur. Monument Advisor does not provide enhanced living, death or withdrawal benefits. Until distributed, the Death Benefit amount in the investment portfolios is subject to investment risk. Some of the fees you are paying in your current annuity could be for benefits Monument Advisor does not provide.

5Morningstar data as of 12/31/06.

6Annual savings are based on an industry average M&E charge of 1.35% (according to Morningstar 12/06), Monument Advisor's flat annual insurance fee of $240, and a Monument Advisor average contract value of $214,516.97 (as of 1/07).

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JNL2007CL088 06/07

 

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