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Maximizing the Value of Tax Deferral with Monument Advisor
JeffNat President Larry Greenberg says, “Monument Advisor was born, really, out of our desire to serve RIAs and fee-based advisors.” So why create another Variable Annuity in a confusing marketplace already flooded with VA products offering an alphabet soup of guarantees and riders? Larry explains, "Essentially, we deconstructed that annuity product. We took out the guarantees, the commissions, the surrender fees, essentially the lock-up charges." Couple that with nearly 400 underlying funds, and what remains is a low-cost, easy-to-use tax-deferred investment platform built for advisors who pride themselves on sitting on the same side of the table as their clients.
Variable Annuities are issued by Jefferson National Life Insurance Company, (Dallas, TX), or Jefferson National Life Insurance Company of New York (New York, NY) and distributed by Jefferson National Securities Corporation,FINRA member. All companies are affiliates of Nationwide Life Insurance Company. Policy series JNL-2300-1, JNL-2300-2, JNL-2300-3, JNL-2300-1-NY. Mentions of 'Monument Advisor' refer also to Monument Advisor of New York.
*Monument Advisor has a $20 monthly flat insurance fee. Additional low-cost fund platform fees ranging from .10% - .35% will be assessed for investors wishing to purchase shares of low-cost funds. See the prospectus for details. Certain low-cost funds may only be available to you if you retain certain investment advisors.
The average variable annuity has less than 60 underlying fund options according to Morningstar data as of 12/16. Monument Advisor has over 350 underlying investment options as of 12/16.
Minimum deposit of $15,000. Deposits in excess of $10 million are subject to company approval.
Annual savings are based on an industry average M&E charge of 1.35% (According to Morningstar® 12/16). Monument Advisor's flat annual insurance fee of $240, and a Monument Advisor average contract value of $226,500 (as of 12/16).
Review 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.
The IRS may charge a 10% tax penalty on any withdrawal made before age 59½.
Payments made pursuant to any guaranteed minimum death benefit are based on the claims paying ability of Jefferson National Life Insurance Company.
Testimonials may not be representative of the experience of other Jefferson National variable annuity contract holders. Testimonials are no guarantee of future performance or success. No fees were paid to the individuals who provided these testimonials.
There are no additional tax benefits associated with using a variable annuity inside a qualified plan.
The Jefferson National platform is defined as the website(s) and a combination of software applications, databases, and hardware which process transactions including opening new accounts, creating fund allocations, completing fund transactions, reporting, issuing statements, and managing administrative data, etc.
The cost of a typical variable annuity is about 135 basis points per year in M&E fees. Source: Morningstar® (12/16).
Before switching from one variable annuity to another, one should consider any surrender charges or expenses that may be incurred.
Total client savings derived from annual average Monument Advisor contract size multiplied by Morningstar® average M&E of 1.35%, minus the $240 flat-insurance fee of Monument Advisor, and then multiplied by the number of policies in force. Data spans May, 2005 through December, 2016.
Depending on a client’s time horizon, tax-inefficient asset classes may perform better in a tax-deferred account. Source: Vanguard Total Stock Market Index and Vanguard Total Bond Index. Based on return data from the CRSP Mutual Fund database, calculated for the highest Federal tax bracket. Average state taxes are also included. The 10-year returns are calculated for each 10 year period starting since the fund’s inception in 1993 through 1998.
Variable annuities involve risk, including possible loss of principle.
Past performance is no guarantee of future results.
When assets are withdrawn from the Monument Advisor variable annuity, earnings are taxed as ordinary income.
An investor should carefully consider the investment objectives, risks, charges and expenses of the investment before investing or sending money. For a prospectus and underlying fund prospectuses 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 59½ may incur a 10% IRS tax penalty. Jefferson National Life Insurance Company and Jefferson National Life Insurance Company of New York do not offer tax advice. Annuities are not deposits or obligations of, or guaranteed by any bank, nor are they FDIC insured.