As filed with the Securities and Exchange Commission on April 23, 2014

Commission File Nos.  333-178774

811-08664

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

	Pre-Effective Amendment No.	[   ]
	Post-Effective Amendment No.  10	[X]
and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

Amendment No. 452 [X]

JACKSON NATIONAL SEPARATE ACCOUNT - I

(Exact Name of Registrant)

JACKSON NATIONAL LIFE INSURANCE COMPANY

(Name of Depositor)

1 Corporate Way, Lansing, Michigan 48951

(Address of Depositor's Principal Executive Offices)

Depositor's Telephone Number, including Area Code: (517) 381-5500

Thomas J. Meyer, Esq., Senior Vice President, Secretary and General Counsel

Jackson National Life Insurance Company, 1 Corporate Way, Lansing, MI 48951

(Name and Address of Agent for Service)

Copy to:

Frank J. Julian, Esq., Assistant Vice President, Legal

Jackson National Life Insurance Company, 1 Corporate Way, Lansing, MI 48951

Approximate Date of Proposed Public Offering:
It is proposed that this filing will become effective (check appropriate box)
[   ]	immediately upon filing pursuant to paragraph (b)
[X]	on April 28, 2014 pursuant to paragraph (b)
[   ]	60 days after filing pursuant to paragraph (a)(1)
[   ]	on (date) pursuant to paragraph (a)(1).
If appropriate, check the following box:
[  ]	this post-effective amendment designates a new effective date for a previously filed post-effective amendment
Title of Securities Being Registered: the variable portion of Flexible Premium Fixed and Variable Deferred Annuity contracts

PERSPECTIVE II®
FLEXIBLE PREMIUM FIXED AND VARIABLE DEFERRED ANNUITY
(Contracts offered for sale between April 30, 2012 and September 10, 2012)

Issued by
Jackson National Life Insurance Company® and through
Jackson National Separate Account – I

The date of this prospectus is April 28 , 2014.  This prospectus states the information about the separate account, the Contract, and Jackson National Life Insurance Company (“Jackson®”) you should know before investing.  This prospectus is a disclosure document and describes all of the Contract’s material features, benefits, rights, and obligations.  The description of the Contract’s material provisions in this prospectus is current as of the date of this prospectus.  If certain material provisions under the Contract are changed after the date of this prospectus, in accordance with the Contract, those changes will be described in a supplemented prospectus.  You should carefully read this prospectus in conjunction with any applicable supplements.  It is important that you also read the Contract and endorsements, which may reflect additional non-material state variations or other non-material variations.  This information is meant to help you decide if the Contract will meet your needs.  Please carefully read this prospectus and any related documents and keep everything together for future reference.  Additional information about the separate account can be found in the statement of additional information (“SAI”) dated April 28, 2014 that is available upon request without charge.  To obtain a copy, contact us at our:

Annuity Service Center

P.O. Box 30314

Lansing, Michigan 48909-7814

1-800-644-4565

www.jackson.com

This prospectus also describes a variety of optional features, not all of which may be available at the time you are interested in purchasing a Contract, as we reserve the right to prospectively restrict availability of the optional features.  The Contract is available through other Broker Dealers with optional surrender charge schedules and optional features not available under this version.  Broker-dealers selling the Contracts may limit the availability of an optional feature.  Ask your representative about what optional features are or are not offered.  If a particular optional feature that interests you is not offered, you may want to contact another broker-dealer to explore its availability.  In addition, not all optional features may be available in combination with other optional features, as we also reserve the right to prospectively restrict the availability to elect certain features if certain other optional features have been elected.  We reserve the right to limit the number of Contracts that you may purchase.  We also reserve the right to refuse initial and any or all subsequent Premium payments.  Some optional features, including certain living benefits and death benefits, contain withdrawal restrictions that, if exceeded, may have a significant negative impact on the value of the feature and may cause the feature to prematurely terminate.  Please confirm with us or your representative that you have the most current prospectus and supplements to the prospectus that describe the availability and any restrictions on the optional features.

Expenses for a Contract with a Contract Enhancement will be higher than those for a Contract without a Contract Enhancement, and in some cases the amount of a Contract Enhancement may be more than offset by those expenses.

We offer other variable annuity products with different product features, benefits and charges.  In some states, you may purchase the Contract through an automated electronic transmission/order ticket verification procedure.  Ask your representative about availability and the details.

The SAI is incorporated by reference into this prospectus, and its table of content s appears on page 149 .  The prospectus and SAI are part of the registration statement that we filed with the Securities and Exchange Commission (“SEC”) about this securities offering.  The registration statement, material incorporated by reference, and other information is available on the website the SEC maintains (http://www.sec.gov) regarding registrants that make electronic filings.

Jackson is relying on SEC Rule 12h-7, which exempts insurance companies from filing periodic reports under the Securities Exchange Act of 1934 with respect to variable annuity contracts that are registered under the Securities Act of 1933 and regulated as insurance under state law.

Neither the SEC nor any state securities commission has approved or disapproved these securities or passed upon the adequacy of this prospectus.  It is a criminal offense to represent otherwise.  We do not intend for this prospectus to be an offer to sell or a solicitation of an offer to buy these securities in any state where this is not permitted.

• Not FDIC/NCUA insured • Not Bank/CU guaranteed • May lose value • Not a deposit • Not insured by any federal agency

The Contract makes available for investment fixed and variable options.  The fixed options will have limited availability if you elect a Contract Enhancement. The variable options are Investment Divisions of the Separate Account, each of which invests in one of the following funds – all class A shares (the “Funds”):

JNL Series Trust
JNL/American Funds ® Blue Chip Income and Growth Fund	JNL/Mellon Capital S&P 400 MidCap Index Fund
JNL/American Funds Global Bond Fund	JNL/Mellon Capital Small Cap Index Fund
JNL/American Funds Global Small Capitalization Fund	JNL/Mellon Capital International Index Fund
JNL/American Funds Growth-Income Fund	JNL/Mellon Capital Bond Index Fund
JNL/American Funds International Fund	JNL/Mellon Capital Dow Jones U.S. Contrarian
JNL/American Funds New World Fund	Opportunities Index Fund
JNL Institutional Alt 20 Fund	JNL/Morgan Stanley Mid Cap Growth Fund
JNL Institutional Alt 35 Fund	JNL/Neuberger Berman Strategic Income Fund
JNL Institutional Alt 50 Fund	JNL/Oppenheimer Global Growth Fund
JNL/American Funds Balanced Allocation Fund	JNL/PIMCO Real Return Fund
JNL/American Funds Growth Allocation Fund	JNL/PIMCO Total Return Bond Fund
JNL/BlackRock Commodity Securities Strategy Fund	JNL/PPM America Floating Rate Income Fund
JNL/BlackRock Global Allocation Fund	JNL/PPM America High Yield Bond Fund
JNL/BlackRock Large Cap Select Growth Fund	JNL/PPM America Mid Cap Value Fund
JNL/Brookfield Global Infrastructure and MLP Fund	JNL/PPM America Small Cap Value Fund
(formerly, JNL/Brookfield Global Infrastructure Fund )	JNL/PPM America Value Equity Fund
JNL/Capital Guardian Global Balanced Fund	JNL/T. Rowe Price Established Growth Fund
JNL/Capital Guardian Global Diversified Research Fund	JNL/T. Rowe Price Mid-Cap Growth Fund
JNL/DFA U.S. Core Equity Fund	JNL/T. Rowe Price Short-Term Bond Fund
JNL/Eagle SmallCap Equity Fund	JNL/T. Rowe Price Value Fund
JNL/Eastspring Investments Asia ex-Japan Fund	JNL/WMC Balanced Fund
JNL/Eastspring Investments China-India Fund	JNL/WMC Money Market Fund
JNL/Franklin Templeton Founding Strategy Fund	JNL/WMC Value Fund
JNL/Franklin Templeton Global Growth Fund	JNL/S&P Competitive Advantage Fund
JNL/Franklin Templeton Global Multisector Bond Fund	JNL/S&P Dividend Income & Growth Fund
JNL/Franklin Templeton Income Fund	JNL/S&P Intrinsic Value Fund
JNL/Franklin Templeton International Small Cap	JNL/S&P Total Yield Fund
Growth Fund	JNL/S&P Mid 3 Fund
JNL/Franklin Templeton Mutual Shares Fund	JNL/S&P 4 Fund
JNL/Franklin Templeton Small Cap Value Fund	JNL/S&P Managed Conservative Fund
JNL/Goldman Sachs Core Plus Bond Fund	JNL/S&P Managed Moderate Fund
JNL/Goldman Sachs Mid Cap Value Fund	JNL/S&P Managed Moderate Growth Fund
JNL/Goldman Sachs U.S. Equity Flex Fund	JNL/S&P Managed Growth Fund
JNL/Invesco Global Real Estate Fund	JNL/S&P Managed Aggressive Growth Fund
JNL/Invesco International Growth Fund	JNL Disciplined Moderate Fund
JNL/Invesco Large Cap Growth Fund	JNL Disciplined Moderate Growth Fund
JNL/Invesco Mid Cap Value Fund	JNL Disciplined Growth Fund
JNL/Invesco Small Cap Growth Fund
JNL/Ivy Asset Strategy Fund	JNL Variable Fund LLC
JNL/JPMorgan International Value Fund
JNL/JPMorgan MidCap Growth Fund	JNL/Mellon Capital DowSM 10 Fund
JNL/JPMorgan U.S. Government & Quality Bond Fund	JNL/Mellon Capital Global 15 Fund
JNL/Mellon Capital 10 x 10 Fund	JNL/Mellon Capital Nasdaq® 25 Fund
JNL/Mellon Capital Index 5 Fund	JNL/Mellon Capital Value Line® 30 Fund
JNL/Mellon Capital Emerging Markets Index Fund	JNL/Mellon Capital S&P® 24 Fund
JNL/Mellon Capital European 30 Fund	JNL/Mellon Capital S&P® SMid 60 Fund
JNL/Mellon Capital Pacific Rim 30 Fund	JNL/Mellon Capital NYSE International 25 Fund
JNL/Mellon Capital S&P 500 Index Fund	JNL/Mellon Capital 25 Fund

JNL/Mellon Capital JNL 5 Fund	JNL/Mellon Capital Financial Sector Fund
JNL/Mellon Capital JNL Optimized 5 Fund	JNL/Mellon Capital Healthcare Sector Fund
JNL/Mellon Capital Communications Sector Fund	JNL/Mellon Capital Oil & Gas Sector Fund
JNL/Mellon Capital Consumer Brands Sector Fund	JNL/Mellon Capital Technology Sector Fund

Underscored are the Funds that are newly available or recently underwent name changes, as may be explained in the accompanying parenthetical. The Funds are not the same mutual funds that you would buy directly from a retail mutual fund or through your stockbroker.  The prospectuses for the Funds are attached to this prospectus.

In addition, the JNL/M&G Global Basics Fund, which was previously offered under this Contract, merged into the JNL/Oppenheimer Global Growth Fund effective April 28, 2014.

TABLE OF CONTENTS

GLOSSARY	1
KEY FACTS	3
FEES AND EXPENSES TABLES	4
Owner Transaction Expenses	4
Periodic Expenses	5
Total Annual Fund Operating Expenses	10
EXAMPLE	13
CONDENSED FINANCIAL INFORMATION	13
THE ANNUITY CONTRACT	13
JACKSON	14
THE FIXED ACCOUNT AND GMWB FIXED ACCOUNT	14
The Fixed Account	15
The GMWB Fixed Account	17
THE SEPARATE ACCOUNT	17
INVESTMENT DIVISIONS	18
JNL Series Trust	18
JNL Variable Fund LLC	28
Voting Privileges	30
Substitution	30
CONTRACT CHARGES	30
Mortality and Expense Risk Charge	30
Annual Contract Maintenance Charge	31
Administration Charge	31
Transfer Charge	31
Withdrawal Charge	31
Earnings Protection Benefit (“EarningsMax”) Charge	32
Contract Enhancement Charge	33
Contract Enhancement Recapture Charge	33
Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up (“SafeGuard Max”) Charge	35
5% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up (“AutoGuard 5”) Charge	36
6% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up (“AutoGuard 6”) Charge	36
For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up And Transfer Of Assets (“Jackson Select Protector GMWB”) Charge	37
For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount (with and without Optional Income Upgrade Table) (“LifeGuard Freedom 6 Net”) Charge	38
Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount (with and without Optional Income Upgrade Table) (“LifeGuard Freedom 6 Net with Joint Option”) Charge	39
For Life Guaranteed Minimum Withdrawal Benefit With Bonus And Step-Up (with and without Optional Income Upgrade Table) (“LifeGuard Freedom Flex GMWB”) Charge	40
Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus And Step-Up (with and without Optional Income Upgrade Table) (“LifeGuard Freedom Flex With Joint Option GMWB”) Charge	42
Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard Stretch GMWB”) Charge	44
Death Benefit Charges	44
Five-Year Withdrawal Charge Period	45
20% Additional Free Withdrawal Charge	45
Commutation Fee	45
Other Expenses	46

Premium Taxes	46
Income Taxes	46
DISTRIBUTION OF CONTRACTS	46
PURCHASES	48
Minimum Initial Premium	48
Minimum Additional Premiums	48
Maximum Premiums	48
Allocations of Premium	48
Optional Contract Enhancements	48
Capital Protection Program	51
Accumulation Units	52
TRANSFERS AND FREQUENT TRANSFER RESTRICTIONS	52
Potential Limits and Conditions on Fixed Account Transfers	52
Restrictions on Transfers: Market Timing	54
TELEPHONE AND INTERNET TRANSACTIONS	54
The Basics	54
What You Can Do and How	55
What You Can Do and When	55
How to Cancel a Transaction	55
Our Procedures	55
ACCESS TO YOUR MONEY	55
Waiver of Withdrawal and Recapture Charges for Certain Emergencies	56
Optional Five-Year Withdrawal Charge Period	57
20% Additional Free Withdrawal	57
Guaranteed Minimum Withdrawal Benefit Considerations	57
Guaranteed Minimum Withdrawal Benefit Important Special Considerations	58
Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up (“SafeGuard Max”)	59
5% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up (“AutoGuard 5”)	64
6% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up (“AutoGuard 6”)	67
For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up and Transfer Of Assets (“Jackson Select Protector GMWB”)	70
For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount (“LifeGuard Freedom 6 Net”)	80
Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount (“LifeGuard Freedom 6 Net with Joint Option”)	92
Guaranteed Minimum Withdrawal Benefits for a Single Life or two Covered Lives with Combinations of Optional Bonus Percentage Amounts, Annual or Quarterly Contract Value-Based Step-Ups, and Guaranteed Death Benefit (“LifeGuard Freedom Flex GMWB” and “LifeGuard Freedom Flex with Joint Option GMWB”)	104
LifeGuard Freedom Flex GMWB	106
LifeGuard Freedom Flex with Joint Option GMWB	116
Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard Stretch GMWB”)	127
Systematic Withdrawal Program	133
Suspension of Withdrawals or Transfers	133
INCOME PAYMENTS (THE INCOME PHASE)	134
Variable Income Payments	134
Income Options	135
DEATH BENEFIT	135
Basic Death Benefit	135
Earnings Protection Benefit (“EarningsMax”)	136
Optional Death Benefits	136
5% Roll-up Death Benefit	137

Highest Quarterly Anniversary Value Death Benefit	138
Combination 5% Roll-up and Highest Quarterly Anniversary Value Death Benefit	139
LifeGuard Freedom Flex DB	140
Payout Options	142
Pre-Selected Payout Options	142
Special Spousal Continuation Option	142
Death of Owner On or After the Income Date	143
Death of Annuitant	143
TAXES	143
Contract Owner Taxation	143
Tax-Qualified and Non-Qualified Contracts	143
Non-Qualified Contracts – General Taxation	144
Non-Qualified Contracts – Aggregation of Contracts	144
Non-Qualified Contracts – Withdrawals and Income Payments	144
Non-Qualified Contracts – Required Distributions	144
Tax-Qualified Contracts – Withdrawals and Income Payments	144
Withdrawals – Tax-Sheltered Annuities	145
Withdrawals – Roth IRAs	145
Constructive Withdrawals – Investment Adviser Fees	145
Death Benefits	145
IRS Approval	145
Assignment	145
Diversification	145
Owner Control	145
Withholding	146
Jackson Taxation	146
OTHER INFORMATION	146
Dollar Cost Averaging	146
Dollar Cost Averaging Plus (DCA+)	147
Earnings Sweep	147
Rebalancing	147
Free Look	147
Advertising	148
Restrictions Under the Texas Optional Retirement Program (ORP)	148
Modification of Your Contract	148
Confirmation of Transactions	148
Legal Proceedings	148
TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION	149
APPENDIX A (Trademarks, Services Marks, and Related Disclosures)	A-1
APPENDIX B (Contract Enhancement Recapture Charge Prospectus Examples)	B-1
APPENDIX C (Broker-Dealer Support)	C-1
APPENDIX D (GMWB Prospectus Examples)	D-1
APPENDIX E (Transfer of Assets Methodology)	E-1
APPENDIX F (Accumulation Unit Values)	F-1

GLOSSARY

These terms are capitalized when used throughout this prospectus because they have special meaning.  In reading this prospectus, please refer back to this glossary if you have any questions about these terms.

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, 201 5 and a Premium payment is received on February 28, 201 5 then, although the first Contract Anniversary is January 15, 201 6 , Completed Year 0-1 for that Premium payment would begin on February 28, 201 5 and end on February 27, 201 6 .  Completed Year 1-2 for that Premium payment would begin on February 28, 201 6 . 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. 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, 4% Contract Enhancement endorsement, or 5% 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 the allocations between the Contract’s Investment Divisions, Fixed Account and Guaranteed Minimum Withdrawal Benefit (GMWB) Fixed Account. 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, 201 5 , then the end of Contract Year 0-1 would be January 14, 201 6 , and January 15, 201 6 , which is the first Contract Anniversary, begins Contract Year 1-2. Earnings Protection Benefit – an optional benefit available at issue that may increase the amount of the death benefit payable at death. Excess Interest Adjustment – an adjustment to the Contract Value allocated to the Fixed Account that is withdrawn, transferred, or annuitized before the end of the period. 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.  The Fixed Account consists of the Fixed Account Options. Fixed Account Contract Value – the sum of the allocations between the Contract’s Fixed Account Options. Fixed Account Option – a Contract option within the Fixed Account for a specific period under which a stated rate of return will be credited. 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 and the GMWB Fixed Account, which are available to our creditors.

1

GLOSSARY

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.   Guaranteed Minimum Withdrawal Benefit (GMWB) Fixed Account – part of our General Account to and from which, if you elect a GMWB containing a Transfer of Assets provision (the Jackson Select Protector GMWB contains a Transfer of Assets provision), automatic transfers of your Contract Value may be required according to non-discretionary formulas.  The Contract Value allocated to the GMWB Fixed Account will earn a stated rate of return over a specified period.   GMWB Fixed Account Contract Value – the sum of the allocations to the Contract’s GMWB Fixed Account.   Income Date – the date on which you begin receiving annuity payments.   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, JNL, we, our, or us – Jackson National Life Insurance Company.  (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 Premium s 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.   Separate Account – Jackson National Separate Account – I.  The Separate Account is divided into sub-accounts generally referred to as Investment Divisions.   Separate Account Contract Value – the sum of the allocations between the Contract’s Investment Divisions.  

2

KEY FACTS

The immediately following two sections briefly introduce the Contract (and its benefits and features) and its costs; however, please carefully read the whole prospectus and any related documents before purchasing the Contract to be sure that it will meet your needs.

Allocation Options	The Contract makes available Investment Divisions and a Fixed Account for allocation of your Premium payments and Contract Value.  In addition, if you elect a GMWB containing a Transfer of Assets provision, automatic transfers of your Contract Value may be allocated to a GMWB Fixed Account.  For more information about the fixed accounts, please see “THE FIXED ACCOUNT AND GMWB FIXED ACCOUNT” beginning on page 14.  For more information about the Investment Divisions, please see “INVESTMENT DIVISIONS” beginning on page 18 .
Investment Purpose	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 143 .
Free Look	If you change your mind about having purchased the Contract, you may return it without penalty.  There are conditions and limitations, including time limitations, depending on where you live.  For more information, please see “Free Look” beginning on page 147 .  In some states, we are required to hold the Premiums of a senior citizen in the Fixed Account during the free look period, unless we are specifically directed to allocate the Premiums to the Investment Divisions.  State laws vary; your free look rights will depend on the laws of the state in which you purchased the Contract.
Purchases	There are minimum and maximum Premium requirements.  The Contract also has a Premium protection option, namely the Capital Protection Program.    For more information about this option, please see “PURCHASES” beginning on page 48.
Optional Endorsements	Not all optional endorsements are available in all states or through all broker-dealers.  The availability of optional endorsements may reflect state prohibitions and variations, Jackson’s reservation of the right not to offer certain optional endorsements, and broker-dealer selections.  The representative assisting you will advise you whether an optional benefit is available and of any variations.
Withdrawals	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 of some unforeseen emergencies.  For more information, please see “ACCESS TO YOUR MONEY” beginning on page 55 .
Income Payments	There are a number of income options available.  For more information, please see “INCOME PAYMENTS (THE INCOME PHASE)” beginning on page 134 .
Death Benefit	The Contract has a death benefit that becomes payable if you die before the Income Date.  There are also a number of optional death benefits available.  For more information, please see “DEATH BENEFIT” beginning on page 135 .

Contract Charges   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.

3

FEES AND EXPENSES TABLES

The following tables describe the fees and expenses that you will pay when purchasing, owning and surrendering the Contract.  The first table (and footnotes) describes the fees and expenses that you will pay at the time that you purchase the Contract, surrender the Contract or transfer cash value between investment options.  Fees and expenses also may apply after the Income Date.  For more information, please see “Commutation Fee” on page 45 , and “INCOME PAYMENTS (THE INCOME PHASE) ” beginning on page 134 .

Owner Transaction Expenses
	Front-end Sales Load		None
	Maximum Withdrawal Charge 1
		Percentage of Premium withdrawn, if applicable	8.5%
	Maximum Contract Enhancement Recapture Charge 2
		Percentage of the corresponding Premiums withdrawn with a Contract Enhancement	4.5%
	Maximum Premium Taxes 3
		Percentage of each Premium	3.5%
	Transfer Charge 4
		Per transfer after 15 in a Contract Year	$25
	Expedited Delivery Charge 5		$22.50

1 The withdrawal charge is a schedule lasting seven Completed Years as shown in the table below, and there is an optional withdrawal charge schedule (that is shorter) available (state variations may apply), also shown in the table below:

Withdrawal Charge (as a percentage of P remium payments)

	Completed Years Since Receipt Of Premium
	0-1	1-2	2-3	3-4	4-5	5-6	6-7	7+
Base Schedule	8.5%	7.5%	6.5%	5.5%	5%	4%	2%	0
Five-year Schedule	8%	7%	6%	4%	2%	0	0	0

For more information about withdrawal charges, please see “Withdrawal Charge” under “Contract Charges” beginning on page 31 .

2 For more information about recapture charges, please see “Contract Enhancement Recapture Charge” under “Contract Charges”, beginning on page 33 .

3 Premium taxes generally range from 0 to 3.5% and vary by state.

4 We do not count transfers in conjunction with dollar cost averaging, earnings sweep, automatic rebalancing, and periodic automatic transfers.

5 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.

4

The next table (and footnotes) describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including the Funds’ fees and expenses.

Periodic Expenses
	Base Contract
	Annual Contract Maintenance Charge 6			$35
	Separate Account Annual Expenses
		Annual percentage of average daily account value of Investment Divisions
		Mortality And Expense Risk Charge	1.10%
		Administration Charge 7	0.15%
	Total Separate Account Annual Expenses for Base Contract			1.25%

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 Contract.  Please see the footnotes for additional information on the various optional endorsement charges.
The following optional endorsement charges are based on average daily net asset value.  You may select one from each grouping below8:
	Earnings Protection Benefit Maximum Annual Charge (“EarningsMax®”) 9	0.45%
	5% Contract Enhancement Maximum Annual Charge (not currently offered as of October 15, 2012) 10	0.695%
	4% Contract Enhancement Maximum Annual Charge (not currently offered as of October 15, 2012) 10	0.56%
	3% Contract Enhancement Maximum Annual Charge (not currently offered as of October 15, 2012)10	0.42%
	2% Contract Enhancement Maximum Annual Charge (not currently offered as of October 15, 2012)11	0.395%
	Five-year Withdrawal Schedule Maximum Annual Charge	0.30%
	20% Additional Free Withdrawal Maximum Annual Charge	0.30%

The following optional death benefit endorsement charges are benefit based.  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:
Benefit Based Charges
5% Roll-up Death Benefit Maximum Annual Charge 12	1.20%
Highest Quarterly Anniversary Value Death Benefit Maximum Annual Charge 13	0.60%
Combination 5% Roll-up and Highest Quarterly Anniversary Value Death Benefit Maximum Annual Charge 14	1.40%
LifeGuard Freedom Flex DBSM Maximum Annual Charge (only available with a specified combination of Options for the LifeGuard Freedom Flex® GMWB) 15	0.72%
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) 16	1.20%
5% GMWB With Annual Step-Up Maximum Annual Charge (“AutoGuard 5SM”)17	1.74%
6% GMWB With Annual Step-Up Maximum Annual Charge (“AutoGuard 6SM”) (no longer offered as of April 29, 2013)18	2.04%

5

For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up and Transfer of Assets Charge (“Jackson Select Protector® GMWB”) (no longer offered as of April 29, 2013) 19	2.34%
For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount Maximum Annual Charge (“LifeGuard Freedom 6 Net®”) 20	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”) 21	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, 2012)	3.00%
For Life GMWB With Bonus and Step-Up Maximum Annual Charge (“LifeGuard Freedom Flex® GMWB”) 22	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”) 23	3.00%
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”) 24	2.22%

6 This charge is waived on Contract Value of $50,000 or more.  This charge is deducted proportionally from allocations to the Investment Divisions, the Fixed  Account and the GMWB Fixed Account 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.  The 5%, 4% and 3% Contract Enhancements are not available if you select the 20% Additional Free Withdrawal endorsement and vice versa.

9 The current charge is 0.30%.

10 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 Options and the GMWB 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 33 .

11 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 Options and the GMWB 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 33 .

12 The current charge is 0.20%of the GMDB Benefit Base each Contract Quarter (0.80% annually), subject to a maximum annual charge of 1.20% of the GMDB Benefit Base (as used in the Table).

For more information about the charge for this endorsement, please see “5% Roll-up Death Benefit” under “Death Benefit Charges”, beginning on page 44 .  For more information about how the endorsement works, including more details regarding the GMDB Benefit Base, please see “5% Roll-up Death Benefit” under “Optional Death Benefits”, beginning on page 137 .

13 The current charge is 0.075%of the GMDB Benefit Base each Contract Quarter (0.30% annually), subject to a maximum annual charge of 0.60% of the GMDB Benefit Base (as used in the Table).

For more information about the charge for this endorsement, please see “Highest Quarterly Anniversary Value Death Benefit” under “Death Benefit Charges”, beginning on page 44 .  For more information about how the endorsement works, including more details regarding the GMDB Benefit Base, please see “Highest Quarterly Anniversary Value Death Benefit” under “Optional Death Benefits”, beginning on page 138 .

14 The current charge is 0.225%of the GMDB Benefit Base each Contract Quarter (0.90% annually), subject to a maximum annual charge of 1.40% of the GMDB Benefit Base (as used in the Table).

For more information about the charge for this endorsement, please see “Combination 5% Roll-up and Highest Quarterly Anniversary Value Death Benefit” under “Death Benefit Charges”, beginning on page 45.  For more information about how the endorsement works, including more details regarding the GMDB Benefit Base, please see “Combination 5% Roll-up and Highest Quarterly Anniversary Value Death Benefit” under “Optional Death Benefits”, beginning on page 139 .

15 The current and maximum charge is 0.175% of the GMWB Death Benefit each Contract Quarter (0.70% annually).  However, for Contracts purchased in Washington State, the current and maximum charge is 0.06% of the GMWB Death Benefit each Contract Month (0.72% annually, as used in the table).

For more information about the charge for the LifeGuard Freedom Flex DB, please see “LifeGuard Freedom Flex DB” under “Death Benefit Charges”, beginning on page 45 .  For more information about how the LifeGuard Freedom Flex DB works, please see “LifeGuard Freedom Flex DB” under “Optional Death Benefits”, beginning on page 140 .

16 1.20% of the GWB is the maximum annual charge, which charge is payable quarterly.  However, for Contracts purchased in Washington State, you pay the charge each Contract Month.  The tables below have the maximum and current charges.

6

GMWB With 5-Year Step-Up
Annual Charge	Maximum		Current
	1.20%	(WA Only) 1.20%	0.60%	(WA Only) 0.60%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

For more information about the charge for this endorsement, please see “Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up (“SafeGuard Max)” Charge” beginning on page 35 .  For more information about how the endorsement works, including how the GWB is calculated, please see “Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up” beginning on page 59 .

17 1.70% of the GWB is the maximum annual charge, which charge is payable quarterly. However, for Contracts purchased in Washington State, the maximum annual charge is 1.74% of the GWB, which charge is payable each Contract Month.  The tables below have the maximum and current charges.

5% GMWB With Annual Step-Up
Annual Charge	Maximum		Current
	1.70%	(WA Only) 1.74%	0.85%	(WA Only) 0.87%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

For more information about the charge for this endorsement, please see “5% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up” beginning on page 36.  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 64 .

18 2.00% of the GWB is the maximum annual charge, which charge is payable quarterly. However, for Contracts purchased in Washington State, the maximum annual charge is 2.04% of the GWB, which charge is payable each Contract Month. The tables below have the maximum and current charges.

6% GMWB With Annual Step-Up
Annual Charge	Maximum		Current
	2.00%	(WA Only) 2.04%	1.00%	(WA Only) 1.02%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

For more information about the charge for this endorsement, please see “6% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up” beginning on page 36 .  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 67 .

19 2.30% of the GWB is the maximum annual charge, which charge is payable quarterly.  However, for Contracts purchased in Washington State, the maximum annual charge is 2.34% of the GWB, which charge is payable each Contract Month.  The tables below have the maximum and current charges.

For Life GMWB With Annual Step-Up and Transfer of Assets
Annual Charge	Maximum		Current
	2.30%	(WA Only) 2.34%	1.15%	(WA Only) 1.17%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

For more information about the charge for this endorsement, please see “For Life GMWB With Annual Step-Up and Transfer of Assets Charge” beginning on page 37 .  For more information about how the endorsement works, including how the GWB is calculated, please see “For Life GMWB With Annual Step-Up and Transfer of Assets” beginning on page 70 .

20 2.50% of the GWB is the maximum annual charge, which charge is payable quarterly.  However, for Contracts purchased in Missouri (for endorsements issued on or after September 16, 2013) and Washington State, the maximum annual charge is 2.52% of the GWB, which charge is payable each Contract Month. The tables below have the maximum and current charges.

7

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
	2.50%	( MO and WA Only) 2.52%	1.25%	( MO and WA Only) 1.26%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*In Missouri, these charges apply to GMWBs issued on or after September 16, 2013.

GMWBS ISSUED BEFORE APRIL 29, 2013 *
Annual Charge	Maximum		Current
	2.20%	(WA Only) 2.22%	1.10%	(WA Only) 1.11%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*In Missouri, these charges apply to GMWBs issued before September 16, 2013.

For more information about the charge for this endorsement (with and without the Optional Income Upgrade Table), please see “For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount (with and without the Optional Income Upgrade Table) (“LifeGuard Freedom 6 Net”) Charge” beginning on page 38 .  For more information about how the endorsement works, including how the GWB is calculated, please see “For Life GMWB with Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount” beginning on page 80 .

21 3.00% of the GWB is the maximum annual charge, which charge is payable quarterly.  However, for Contracts purchased in Missouri (for endorsements issued on or after September 16, 2013) and Washington State, you pay the charge each Contract Month. The tables below have the maximum and current charges.

Joint For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount GMWBS ISSUED ON OR AFTER SEPTEMBER 16, 2013*
Annual Charge	Maximum		Current
	3.00%	( MO and WA Only) 3.00%	1.60%	( MO and WA Only) 1.62%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*On or after September 16, 2013, the Optional Income Upgrade Table is no longer available with this GMWB.

GMWBS ISSUED BEFORE SEPTEMBER 16, 2013
Annual Charge	Maximum		Current
	3.00%	(WA Only) 3.00%	1.55%	(WA Only) 1.56%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	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 39 .  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 92 .

22 2.50% of the GWB is the maximum annual charge, which charge is payable quarterly.  However, for Contracts purchased in Missouri (for endorsements issued on or after September 16, 2013) and Washington State, the maximum annual charge is 2.52% of the GWB, which charge is payable each Contract Month.  The tables below have the maximum and current charges.

LifeGuard Freedom Flex GMWB GMWBS ISSUED ON OR AFTER APRIL 29, 2013 *
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	2.00%	( MO and WA Only) 2.04%	1.00%	( MO and WA Only) 1.02%
6% Bonus and Annual Step-Up	2.20%	2.22%	1.10%	1.11%
7% Bonus and Annual Step-Up	2.50%	2.52%	1.25%	1.26%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*In Missouri, these charges apply to GMWBs issued on or after September16, 2013.

8

GMWBS ISSUED BEFORE APRIL 29, 2013 *
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	1.80%	(WA Only) 1.80%	0.90%	(WA Only) 0.90%
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)	2.00%	2.04%	1.00%	1.02%
6% Bonus and Annual Step-Up	1.90%	1.92%	0.95%	0.96%
6% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)	2.20%	2.22%	1.10%	1.11%
7% Bonus and Annual Step-Up	2.20%	2.22%	1.10%	1.11%
7% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)	2.50%	2.52%	1.25%	1.26%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*In Missouri, these charges apply to GMWBs issued before September 16, 2013.

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 40 .  For more information about how the endorsement works, including how the GWB is calculated, please see “LifeGuard Freedom Flex GMWB” beginning on page 106 .

23 3.00% of the GWB is the maximum annual charge, which charge is payable quarterly.  However, for Contracts purchased in Missouri (for endorsements issued on or after September 16, 2013) and Washington State, you pay the charge each Contract Month.  The tables below have the maximum and current charges.

LifeGuard Freedom Flex With Joint Option GMWB

GMWBS ISSUED ON OR AFTER SEPTEMBER 16, 2013*
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	2.70%	( MO and WA Only) 2.70%	1.35%	( MO and WA Only) 1.35%
6% Bonus and Annual Step-Up	2.90%	2.94%	1.45%	1.47%
7% Bonus and Annual Step-Up	3.00%	3.00%	1.60%	1.62%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*On or after September 16, 2013, the Optional Income Upgrade Table is no longer available with this GMWB.

GMWBS ISSUED BEFORE SEPTEMBER 16, 2013
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	2.10%	(WA Only) 2.10%	1.05%	(WA Only) 1.05%
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value	2.50%	2.52%	1.25%	1.26%
6% Bonus and Annual Step-Up	2.50%	2.52%	1.25%	1.26%
6% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after September 10, 2012)	3.00%	3.00%	1.50%	1.50%
7% Bonus and Annual Step-Up (no longer offered on or after September 10, 2012)	3.00%	3.00%	1.50%	1.50%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	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 42 .  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 116 .

24 2.20% of the GMWB Charge Base is the maximum annual charge, which charge is payable quarterly.   However, for Contracts purchased in Washington State, the maximum annual charge is 2.22% of the GMWB Charge Base, which charge is payable each Contract Month.  The tables below have the maximum and current charges.

9

MarketGuard Stretch GMWB
Annual Charge	Maximum		Current
	2.20%	(WA Only) 2.22%	1.10%	(WA Only) 1.11%
Charge Basis	GMWB Charge Base
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

For more information about the charge for this endorsement, including how the GMWB Charge Base is calculated, please see “Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard Stretch GMWB”) Charge” beginning on page 44.  For more information about how the endorsement works, please see “Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard Stretch GMWB”)” beginning on page 127 .

The next item shows the minimum and maximum total annual operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract.

Total Annual Fund Operating Expenses

(Expenses that are deducted from Fund assets, including management and administration fees, 12b-1 service fees and other expenses.)

Minimum:  0.5 6 %

Maximum:  2.2 3 %

More detail concerning each Fund’s fees and expenses is below. But please refer to the Funds’ prospectuses for even more information, including investment objectives, performance, and information about Jackson National Asset Management, LLC® (“JNAM”) , the Funds’ Adviser and Administrator, as well as the sub-advisers.

Fund Operating Expenses (As an annual percentage of each Fund’s average daily net assets) Fund Name	Management 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	1.10%A	0.25% A	0.17%A, G	0.00%	1.52%A	0.48%B	1.04%A,B
JNL/American Funds Balanced Allocation	0.30%	0.25%	0.15%G	0.47%	1.17%	0.05%C	1.12%C
JNL/American Funds Global Bond	1.23%A	0.25% A	0.18%A, G	0.00%	1.66%A	0.55%B	1.11%A,B
JNL/American Funds Global Small Capitalization	1.45%A	0.25% A	0.19%A, G	0.00%	1.89%A	0.60%B	1.29%A,B
JNL/American Funds Growth Allocation	0.30%	0.25%	0.15%G	0.50%	1.20%	0.05%C	1.15%C
JNL/American Funds Growth-Income	0.96%A	0.25% A	0.17%A, G	0.00%	1.38%A	0.40%B	0.98%A,B
JNL/American Funds International	1.34%A	0.25% A	0.20%A, G	0.00%	1.79%A	0.60%B	1.19%A,B
JNL/American Funds New World	1.78%A	0.25% A	0.20%A, G	0.00%	2.23%A	0.80%B	1.43%A,B
JNL/DFA U.S. Core Equity	0.61%	0.20%	0.10%F	0.00%	0.91%	0.11%C	0.80%C
JNL/Franklin Templeton Global Multisector Bond	0.74%	0.20%	0.15%G	0.02%	1.11%	0.01%C	1.10%C
JNL/Goldman Sachs Mid Cap Value	0.70%	0.20%	0.11%F	0.00%	1.01%	0.02%C	0.99% C
JNL/Invesco Small Cap Growth	0.83%	0.20%	0.10%F	0.01%	1.14%	0.02%C	1.12%C
JNL/Mellon Capital S&P 500 Index	0.24%	0.20%	0.13%F	0.00%	0.57%	0.01%C	0.56%C
JNL/T. Rowe Price Value	0.62%	0.20%	0.10%F	0.00%	0.92%	0.01%C	0.91%C
JNL/WMC Money Market	0.26%	0.20%	0.11%F	0.00%	0.57%	0.38%D	0.19%D

10

Fund Operating Expenses (As an annual percentage of each Fund’s average daily net assets) Fund Name	Management Fee	Distribution and/or Service  (12b-1) Fees	Other  Expenses	Acquired  Fund Fees and  Expenses	Total Annual  Fund  Operating  Expenses
JNL Institutional Alt 20	0.12%	0.00%	0.05%E	0.91%	1.08%
JNL Institutional Alt 35	0.11%	0.00%	0.05%E	1.04%	1.20%
JNL Institutional Alt 50	0.11%	0.00%	0.05%E	1.16%	1.32%
JNL/BlackRock Commodity Securities Strategy	0.62%	0.20%	0.15%G	0.00%	0.97%
JNL/BlackRock Global Allocation	0.72%	0.20%	0.16%G	0.01%	1.09%
JNL/BlackRock Large Cap Select Growth	0.65%	0.20%	0.10%F	0.00%	0.95%
JNL/Brookfield Global Infrastructure and MLP	0.80%	0.20%	0.15%G	0.00%	1.15%
JNL/Capital Guardian Global Balanced	0.65%	0.20%	0.16%G	0.01%	1.02%
JNL/Capital Guardian Global Diversified Research	0.72%	0.20%	0.15%G	0.01%	1.08%
JNL/Eagle SmallCap Equity	0.67%	0.20%	0.10%F	0.00%	0.97%
JNL/Eastspring Investments Asia ex-Japan	0.90%	0.20%	0.17%G	0.00%	1.27%
JNL/Eastspring Investments China-India	0.90%	0.20%	0.21%H	0.00%	1.31%
JNL/Franklin Templeton Founding Strategy	0.00%	0.00%	0.05%E	1.01%	1.06%
JNL/Franklin Templeton Global Growth	0.67%	0.20%	0.15%G	0.01%	1.03%
JNL/Franklin Templeton Income	0.63%	0.20%	0.10%F	0.01%	0.94%
JNL/Franklin Templeton International Small Cap Growth	0.95%	0.20%	0.15%G	0.01%	1.31%
JNL/Franklin Templeton Mutual Shares	0.73%	0.20%	0.10%F	0.02%	1.05%
JNL/Franklin Templeton Small Cap Value	0.78%	0.20%	0.10%F	0.01%	1.09%
JNL/Goldman Sachs Core Plus Bond	0.58%	0.20%	0.10%F	0.02%	0.90%
JNL/Goldman Sachs U.S. Equity Flex	0.80%	0.20%	0.96%G	0.00%	1.96%
JNL/Invesco Global Real Estate	0.70%	0.20%	0.15%G	0.00%	1.05%
JNL/Invesco International Growth	0.63%	0.20%	0.16%G	0.02%	1.01%
JNL/Invesco Large Cap Growth	0.66%	0.20%	0.10%F	0.00%	0.96%
JNL/Invesco Mid Cap Value	0.70%	0.20%	0.11%F	0.01%	1.02%
JNL/Ivy Asset Strategy	0.85%	0.20%	0.15%G	0.00%	1.20%
JNL/JPMorgan International Value	0.66%	0.20%	0.15%G	0.00%	1.01%
JNL/JPMorgan MidCap Growth	0.65%	0.20%	0.11%F	0.01%	0.97%
JNL/JPMorgan U.S. Government & Quality Bond	0.38%	0.20%	0.11%F	0.01%	0.70%
JNL/Mellon Capital Emerging Markets Index	0.39%	0.20%	0.20%G	0.01%	0.80%
JNL/Mellon Capital European 30	0.35%	0.20%	0.20%H	0.00%	0.75%
JNL/Mellon Capital Pacific Rim 30	0.32%	0.20%	0.21%H	0.01%	0.74%
JNL/Mellon Capital S&P 400 MidCap Index	0.25%	0.20%	0.13%F	0.00%	0.58%
JNL/Mellon Capital Small Cap Index	0.25%	0.20%	0.11%F	0.00%	0.56%
JNL/Mellon Capital International Index	0.26%	0.20%	0.17%G	0.00%	0.63%
JNL/Mellon Capital Bond Index	0.26%	0.20%	0.10%F	0.01%	0.57%
JNL/Mellon Capital Dow Jones U.S. Contrarian Opportunities Index	0.32%	0.20%	0.18%G	0.00%	0.70%
JNL/Mellon Capital Index 5	0.00%	0.00%	0.05%E	0.58%	0.63%
JNL/Mellon Capital 10 x 10	0.00%	0.00%	0.05%E	0.61%	0.66%
JNL/Morgan Stanley Mid Cap Growth	0.75%	0.20%	0.15%G	0.01%	1.11%
JNL/Neuberger Berman Strategic Income	0.60%	0.20%	0.15%G	0.05%	1.00%
JNL/Oppenheimer Global Growth	0.64%	0.20%	0.15%G	0.00%	0.99%
JNL/PIMCO Real Return	0.49%	0.20%	0.17%F	0.00%	0.86%
JNL/PIMCO Total Return Bond	0.50%	0.20%	0.10%F	0.00%	0.80%
JNL/PPM America Floating Rate Income	0.62%	0.20%	0.16%G	0.01%	0.99%
JNL/PPM America High Yield Bond	0.43%	0.20%	0.11%F	0.02%	0.76%
JNL/PPM America Mid Cap Value	0.75%	0.20%	0.11%F	0.00%	1.06%
JNL/PPM America Small Cap Value	0.75%	0.20%	0.11%F	0.00%	1.06%
JNL/PPM America Value Equity	0.55%	0.20%	0.11%F	0.00%	0.86%
JNL/T. Rowe Price Established Growth	0.56%	0.20%	0.10%F	0.00%	0.86%
JNL/T. Rowe Price Mid-Cap Growth	0.70%	0.20%	0.11%F	0.00%	1.01%
JNL/T. Rowe Price Short-Term Bond	0.40%	0.20%	0.10%F	0.00%	0.70%
JNL/WMC Balanced	0.43%	0.20%	0.11%F	0.01%	0.75%
JNL/WMC Value	0.48%	0.20%	0.10%F	0.00%	0.78%
JNL/S&P Managed Conservative	0.09%	0.00%	0.06%E	0.84%	0.99%
JNL/S&P Managed Moderate	0.09%	0.00%	0.05%E	0.87%	1.01%
JNL/S&P Managed Moderate Growth	0.08%	0.00%	0.06%E	0.92%	1.06%
JNL/S&P Managed Growth	0.09%	0.00%	0.05%E	0.94%	1.08%
JNL/S&P Managed Aggressive Growth	0.10%	0.00%	0.05%E	0.96%	1.11%
JNL Disciplined Moderate	0.11%	0.00%	0.05%E	0.74%	0.90%

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Fund Operating Expenses (As an annual percentage of each Fund’s average daily net assets) Fund Name	Management Fee	Distribution and/or Service  (12b-1) Fees	Other  Expenses	Acquired  Fund Fees and  Expenses	Total Annual  Fund  Operating  Expenses
JNL Disciplined Moderate Growth	0.10%	0.00%	0.06%E	0.70%	0.86%
JNL Disciplined Growth	0.13%	0.00%	0.05%E	0.69%	0.87%
JNL/S&P Competitive Advantage	0.37%	0.20%	0.10%F	0.00%	0.67%
JNL/S&P Dividend Income & Growth	0.36%	0.20%	0.11%F	0.00%	0.67%
JNL/S&P Intrinsic Value	0.37%	0.20%	0.11%F	0.00%	0.68%
JNL/S&P Total Yield	0.38%	0.20%	0.10%F	0.00%	0.68%
JNL/S&P Mid 3	0.50%	0.20%	0.11%F	0.00%	0.81%
JNL/S&P 4	0.00%	0.00%	0.05%E	0.68%	0.73%
JNL/Mellon Capital DowSM 10	0.29%	0.20%	0.17%G	0.00%	0.66%
JNL/Mellon Capital Global 15	0.29%	0.20%	0.21%H	0.00%	0.70%
JNL/Mellon Capital Nasdaq® 25	0.29%	0.20%	0.19%G	0.00%	0.68%
JNL/Mellon Capital Value Line® 30	0.29%	0.20%	0.23%G	0.00%	0.72%
JNL/Mellon Capital S&P® 24	0.29%	0.20%	0.17%G	0.00%	0.66%
JNL/Mellon Capital 25	0.28%	0.20%	0.16%G	0.00%	0.64%
JNL/Mellon Capital JNL 5	0.27%	0.20%	0.17%G	0.00%	0.64%
JNL/Mellon Capital JNL Optimized 5	0.29%	0.20%	0.19%G	0.00%	0.68%
JNL/Mellon Capital S&P® SMid 60	0.29%	0.20%	0.17%G	0.00%	0.66%
JNL/Mellon Capital NYSE® International 25	0.33%	0.20%	0.25%H	0.00%	0.78%
JNL/Mellon Capital Communications Sector	0.32%	0.20%	0.18%G	0.00%	0.70%
JNL/Mellon Capital Consumer Brands Sector	0.29%	0.20%	0.18%G	0.00%	0.67%
JNL/Mellon Capital Financial Sector	0.29%	0.20%	0.18%G	0.00%	0.67%
JNL/Mellon Capital Healthcare Sector	0.29%	0.20%	0.17%G	0.00%	0.66%
JNL/Mellon Capital Oil & Gas Sector	0.28%	0.20%	0.18%G	0.00%	0.66%
JNL/Mellon Capital Technology Sector	0.29%	0.20%	0.18%G	0.00%	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: 0.40%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.02%; Total Annual Portfolio Operating Expenses: 0.42%.

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: 0.70%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.04%; Total Annual Portfolio Operating Expenses: 0.74%.

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: 0.05%; Total Annual Portfolio Operating Expenses: 0.78%.

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 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. 

E “Other Expenses” include an Administrative Fee of 0.05% which is payable to JNAM.

F “Other Expenses” include an Administrative Fee of 0.10% which is payable to JNAM.

G “Other Expenses” include an Administrative Fee of 0.15% which is payable to JNAM.

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H “Other Expenses” include an Administrative Fee of 0.20% which is payable to JNAM.

EXAMPLE

The example below is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts.These costs include Contract owner transaction expenses, Contract fees, Separate Account annual expenses and Fund fees and expenses.

(The Annual Contract Maintenance Charge is determined by dividing the total amount of such charges collected during the calendar year by the total market value of the Investment Divisions, the Fixed Account and the GMWB Fixed Account, if applicable.)

The example assumes that you invest $10,000 in the Contract for the time periods indicated.  Neither transfer fees nor Premium tax charges are reflected in the example.  The example also assumes that your investment has a 5% annual return on assets each year.

The following example includes maximum Fund fees and expenses and the cost if you select the optional Earnings Protection Benefit, the 5% Contract Enhancement, the most expensive Optional Death Benefit Endorsement, the Five-year Withdrawal Charge Period and the Guaranteed Minimum Withdrawal Benefit (using the maximum possible charge).  Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

If you surrender your Contract at the end of the applicable time period:

1 year	3 years	5 years	10 years
$2,19 5	$3,6 29	$4,70 3	$7,4 88

If you annuitize at the end of the applicable time period:

1 year *	3 years	5 years	10 years
$2,19 5	$3,0 29	$4,50 3	$7,4 88

*Withdrawal charges apply to annuitizations occurring within one year of the Contract’s Issue Date.

If you do not surrender your Contract:

1 year	3 years	5 years	10 years
$94 5	$2,70 4	$4,30 3	$7,4 88

The example does not represent past or future expenses.  Your actual costs may be higher or lower.

CONDENSED FINANCIAL INFORMATION

The information about the values of all Accumulation Units constitutes the condensed financial information.   Information about the values of Accumulation Units for a base Contract (with Administration Charge waiver and no optional endorsements) and for a Contract with the most expensive combination of charges and optional endorsements can be found in Appendix F.  Information about the values of all remaining Accumulation Units can be found in the Statement of Additional Information.   The value of an Accumulation Unit is determined on the basis of the per share value of an underlying Fund less applicable Separate Account charges , including any optional endorsement charges that are based on average daily Contract Value in the Investment Divisions and are deducted daily as part of the calculation of Accumulation Units.  Information about the Separate Account charges and charges for optional endorsements can be found in the “Periodic Expenses” tables above .

The financial statements of the Separate Account and Jackson can be found in the Statement of Additional Information.  The financial statements of the Separate Account include information about all the contracts offered through the Separate Account.  The financial statements of Jackson that are included should be considered only as bearing upon the company’s ability to meet its contractual obligations under the Contracts.  Jackson’s financial statements do not bear on the future investment experience of the assets held in the Separate Account.  For your copy of the Statement of Additional Information, please contact us at the Annuity Service Center.  Our contact information is on the cover page of this prospectus.

THE ANNUITY CONTRACT

Your Contract is a contract between you, the Owner, and us.  Your Contract is intended to help facilitate your retirement savings on a tax-deferred basis, or other long-term investment purposes, and provides for a death benefit.  Purchases under tax-qualified plans should be made for other than tax deferral reasons.  Tax-qualified plans provide tax deferral that does not rely on the purchase of an

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annuity contract.  We will not issue a Contract to someone older than age 90 (age 85 for Contracts purchased in Oklahoma).  Optional benefits may have different requirements, as noted.

Your Contract Value may be allocated to

● our Fixed Account, as may be made available by us, or as may be otherwise limited by us,  

● our GMWB Fixed Account (only if the optional Jackson Select Protector GMWB is elected), 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.

Your Contract, like all deferred annuity contracts, has two phases:

● the accumulation phase, when you make Premium payments to us, and  

● the income phase, when we make income payments to you.

As the Owner, you can exercise all the rights under your Contract.  You can assign your Contract at any time during your lifetime, but we will not be bound until we receive written notice of the assignment (there is an assignment form).  We reserve the right to refuse an assignment, and an assignment may be a taxable event.  Your ability to change ownership is limited on Contracts with one of the For Life GMWBs.  Please contact our Annuity Service Center for help and more information.

The Contract is a flexible Premium fixed and variable deferred annuity and may be issued as either an individual or a group contract.    Contracts issued in your state may provide different features and benefits than those described in this prospectus.  This prospectus provides a description of the material rights and obligations under the Contract.  Your Contract and any endorsements are the formal contractual agreement between you and the Company.  In those states where Contracts are issued as group contracts, references throughout the prospectus to “Contract(s)” shall also mean “certificate(s).”

JACKSON

We are a stock life insurance company organized under the laws of the state of Michigan in June 1961.  Our legal domicile and principal business address is 1 Corporate Way, Lansing, Michigan 48951.  We are admitted to conduct life insurance and annuity business in the District of Columbia and all states except New York.  We are ultimately a wholly owned subsidiary of Prudential plc (London, England).  Prudential plc is also the ultimate parent of PPM America, Inc. and Eastspring Investments (Singapore) Limited, each a sub-adviser. Jackson is the parent of Jackson National Asset Management, LLC (“JNAM”), the Funds’ investment adviser and administrator.  JNAM provides certain administrative services with respect to the Separate Account, including separate account administration services and financial and accounting services.  JNAM is located at 225 West Wacker Drive, Chicago, IL  60606.

We issue and administer the Contracts and the Separate Account.  We maintain records of the name, address, taxpayer identification number and other pertinent information for each Owner, the number and type of Contracts issued to each Owner and records with respect to the value of each Contract.

We are working to provide documentation electronically.  When this program is available, we will, as permitted, forward documentation electronically.  Please contact us at our Annuity Service Center for more information.

THE FIXED ACCOUNT AND GMWB FIXED ACCOUNT

Contract Value allocated to the Fixed Account and/or the GMWB Fixed Account will be placed with other assets in our General Account.  Unlike the Separate Account, the General Account is not segregated or insulated from the claims of the insurance company’s creditors.  Investors are looking to the financial strength of the insurance company for its obligations under the Contract, including, for example, guaranteed minimum death benefits and guaranteed minimum withdrawal benefits.  The Fixed Account and the GMWB Fixed Account are not registered with the SEC, and the SEC does not review the information we provide to you about them.  Disclosures regarding the Fixed Account and the GMWB Fixed Account, however, may be subject to the general provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses.  Both the availability of, and transfers into and out of, the Fixed Account (which consists of the Fixed Account Options) and the GMWB Fixed Account may be subject to contractual and administrative requirements.  For more information, please see the application, check with the registered representative helping you to purchase the Contract, or contact us at our Annuity Service Center.

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THE FIXED ACCOUNT

Fixed Account Options.  Each Fixed Account Option credits interest to your Contract Value in the Fixed Account for a specified period that you select (currently, one, three, five or seven years), subject to availability (and we reserve the right, in our sole discretion, to limit or suspend availability of the Fixed Account Options), so long as the Contract Value in that Fixed Account Option is not withdrawn, transferred, or annuitized until the end of the specified period.  You may not elect any Fixed Account Option that extends beyond the Income Date, other than the one-year option; and election of the one-year option will not extend the Income Date.  Rather, commencing on the Income Date, we will cease to credit interest under any one-year Fixed Account Option that has not yet reached the end of its term.

The following restrictions currently apply on Contracts with an optional Contract Enhancement endorsement during the first seven Contract Years (five Contract Years for the 2% Contract Enhancement).The three, five and seven year Fixed Account Options are not available and transfers to any Fixed Account Option are not permitted (including under the Dollar Cost Averaging program).  Premiums may be allocated to the one year Fixed Account Option.  However, any Premium allocated to the one year Fixed Account must be transferred out of the one year Fixed Account in a series of scheduled monthly transfers to your choice of Investment Divisions within either a 6 or 12 month period beginning on the date we received the Premium.  Therefore, at the end of the 6 or 12 month period, all amounts in the one year Fixed Account will have been transferred out of the one year Fixed Account.  See “Additional Information Concerning the One-Year Fixed Account Option” below for additional information on the transfer out provision. These restrictions may be modified, eliminated, or otherwise revised, at which time we will provide you with written notice of the changes.

Rates of Interest We Credit.  These Contracts guarantee a Fixed Account minimum interest rate that applies to every Fixed Account Option under any Contract, regardless of the term of that option.  The Fixed Account minimum interest rate guaranteed by the Contracts at least equals the minimum rate prescribed by the applicable non-forfeiture law in each state where the Contracts are sold.  In addition, we establish a declared rate of interest (“base interest rate”) at the time you allocate any Premium payment or other Contract Value to a Fixed Account Option, and that base interest rate will remain in effect for the entire term of the Fixed Account Option that you select for that allocation.  To the extent that the base interest rate that we establish for any allocation is higher than the Fixed Account minimum interest rate, we will credit that allocation with the higher base interest rate.  Thus, the declared base interest rate could be greater than the guaranteed Fixed Account minimum interest rate specified in your Contract, but will never cause you to be credited with less than the currently applicable Fixed Account minimum interest rate.  Subject to the Fixed Account minimum interest rate, we may declare different base interest rates at different times, although any new base interest rate Jackson declares for a Fixed Account Option will apply only to Premiums or other amounts allocated to that Fixed Account Option after the new rate goes into effect.

The Fixed Account minimum interest rate will be a rate, credited daily, that will be reset every January pursuant to a formula that is prescribed under applicable state nonforfeiture laws and that is set forth in the Contracts.  Specifically, the Fixed Account minimum interest rate will be reset each January to equal the average of the daily five-year Constant Maturity Treasury Rates reported by the Federal Reserve for the preceding October (rounded to the nearest 1/20 of a percent), less 1.25%, provided further that the Fixed Account minimum interest rate will never be less than 1% or more than 3%.  As noted above, these limits are prescribed by state non-forfeiture laws and set forth in the Contracts.  This means that the Fixed Account minimum interest rate applicable to your Contract will in no case ever exceed a maximum of 3%.Your Contract’s initial Fixed Account minimum interest rate will be stated in your Contract, and will be the rate that is in effect on the Contract’s Issue Date pursuant to the foregoing formula.  Thereafter, on the Contract Monthly Anniversary for each January, the Fixed Account minimum interest rate will be reset in accordance with the above formula. (The Contract Monthly Anniversary for any January is the Contract Monthly Anniversary that falls within that month).   If you allocate a Premium payment or other Contract Value to a Fixed Account Option, the Fixed Account minimum interest rate in effect at the time of the allocation would initially apply to that allocation.  Subsequent resets of the Fixed Account minimum interest rate on each January Contract Monthly Anniversary could change the amount of interest you would thereafter earn on that allocation.  Thus, if the new Fixed Account minimum interest rate is higher than the rate previously being credited to your allocation to a Fixed Account Option, the interest rate being credited would increase to that new higher rate.  On the other hand, if the new Fixed Account minimum interest rate is lower than the rate being credited to your allocation, the interest rate being credited would decrease to that lower rate, but never below the base interest rate.  We will advise you of any new Fixed Account minimum interest rate in the fourth quarter report for the calendar year preceding the January Contract Monthly Anniversary on which the change occurs.

For the most current information about applicable interest rates, you may contact your registered representative or (at the address and phone number on the cover page of this prospectus) our Annuity Service Center.

Excess Interest Adjustment.  An Excess Interest Adjustment may apply to amounts withdrawn, transferred or annuitized from a Fixed Account Option prior to the end of the specified period.  The Excess Interest Adjustment reflects changes in the level of interest rates since the beginning of the Fixed Account Option period.  In order to determine whether there will be an Excess Interest Adjustment, we first consider the base interest rate of the Fixed Account Option from which you are taking an amount as a withdrawal, transfer, or annuitization.  As discussed above under ‘Rates of Interest we Credit,’ the ‘base interest rate’ is a rate which we declare at the time you allocate any amount to a Fixed Account Option and which we credit to that Fixed Account Option if and when such base interest

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rate is higher than the Fixed Account minimum interest rate.  The Excess Interest Adjustment is based on the relationship of the base interest rate on your Fixed Account Option to the ‘current new business interest rate,’ which is a rate that we use solely for purposes of calculating the amount of any Excess Interest Adjustment.  The ‘current new business interest rate’ is .50% per annum greater than the base interest rate we are then offering on a new Fixed Account Option with the same duration as your Fixed Account Option.  If we are not then offering that duration, we will estimate a base interest rate for that duration based on the closest durations that we are then offering.

Generally, the Excess Interest Adjustment will (a) increase the amount withdrawn, transferred, or annuitized when the current new business rate is lower than the base interest rate being credited for the Fixed Account Option from which the amount is being taken and will (b) decrease the amount withdrawn, transferred, or annuitized when the current new business rate is higher than the base interest rate for the Fixed Account Option from which the amount is being taken. There will be no excess interest adjustment if these rates are the same. Any adjustment resulting from the Excess Interest Adjustment is applied to the amount that is being withdrawn, transferred, or annuitized from the Fixed Account Option.  However, an Excess Interest Adjustment will not otherwise affect the values under your Contract.

Moreover, even if the current new business interest rate is greater than the base interest rate for the Fixed Account Option from which the amount is being taken, there will be no Excess Interest Adjustment if the difference between the two is less than 0.50%.   This limitation avoids decreases in the amount withdrawn, transferred, or annuitized in situations where the general level of interest rates has declined but the current new business interest rate nevertheless exceeds the base interest rate for your Fixed Account Option because of the additional .50% that (as described above) is added when determining the current new business rate.

Also, there is no Excess Interest Adjustment on: amounts taken from the one-year Fixed Account Option; death benefit proceed payments; payments pursuant to a life contingent income option or an income option resulting in payments spread over at least five years; amounts withdrawn for Contract charges; and free withdrawals.  In no event will a total withdrawal, transfer or annuitization from the Fixed Account Options be less than the Fixed Account minimum value.  The Fixed Account minimum value at least equals the minimum value prescribed by the applicable non-forfeiture law in each state where the Contracts are sold.  The Fixed Amount minimum value for any Fixed Account Option is the amount that would result from (1) accumulating the following amounts at the Fixed Account minimum interest rate: (a) any Premium payments (net of any associated Premium taxes plus any Contract Enhancements) or transfers that you allocate to that Fixed Account Option less (b) any withdrawals, transfers, or charges that are taken out of that Fixed Account Option; and (2) deducting any withdrawal charges, recapture charges, or charge for taxes due in connection with the withdrawal.  In the case of a partial withdrawal or transfer from a Fixed Account Option, you will have been credited with interest on the amount withdrawn or transferred at a rate at least equal to the Fixed Account minimum interest rate, even if subject to an Excess Interest Adjustment that otherwise would have reduced it below that rate.

The following example illustrates how the Fixed Account minimum value may affect an Excess Interest Adjustment on a partial withdrawal.  If you allocated your initial Premium of $10,000 to the Fixed Account and your declared rate of interest was 3%, after one year (assuming no other transactions or withdrawal charges) your Contract Value in the Fixed Account would be $10,300. If the Fixed Account minimum interest rate was 1%, your Fixed Account minimum value would be $10,100. In this case, an Excess Interest Adjustment could not reduce the withdrawal by more than $200 (the difference between your Contract Value in the Fixed Account and the Fixed Account minimum value).  For example, if you request an $8,000 withdrawal and it is subject to a $200 negative Excess Interest Adjustment, the withdrawal would be adjusted to $7,800. However, if it were subject to a negative $400 Excess Interest Adjustment, the $8,000 withdrawal still would only be adjusted to $7,800, so that it does not invade the Fixed Account minimum value. Immediately after either of these withdrawals, there will be no difference between your Contract Value in the Fixed Account and Fixed Account minimum value, and no negative Excess Interest Adjustments will apply on subsequent withdrawals until the Contract Value in the Fixed Account again grows to be larger than the Fixed Account minimum value.

End of Fixed Account Option Periods.  Whenever a specified period ends, you will have 30 days to transfer or withdraw the Contract Value in the Fixed Account Option, and there will not be an Excess Interest Adjustment.  If you do nothing, then after 30 days, the Contract Value that remains in that Fixed Account Option will be subject to another specified period of the same duration, subject to availability, and provided that that specified period will not extend beyond the Income Date.  If such new Fixed Account Option would extend beyond the Income Date, we will use the longest Fixed Account Option that does not extend beyond the Income Date; or (if less than 1 year remains until the Income Date) we will credit interest at the current interest rate under the one-year Fixed Account Option up to the Income Date.  If the specified period of the same duration that has ended is no longer available, we will use the next shorter period that is then available.

Additional Information Concerning the One-Year Fixed Account Option.  If you allocate Premiums to the one-year Fixed Account Option, we may require that the amount in the one-year Fixed Account Option (including any Contract Enhancement) be automatically transferred on a monthly basis in installments to your choice of Investment Division within 12 months of the date we received the Premium, so that at the end of the period, all amounts in the one-year Fixed Account Option will have been transferred.  The amount will be determined based on the amount allocated to the one-year Fixed Account Option and the base interest rate.  Charges, withdrawals and additional transfers taken from the one-year Fixed Account Option will shorten the length of time it takes to deplete the account balance.  These automatic transfers will not count against the 15 free transfers in a Contract year or any maximum

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on amounts transferable from the one-year Fixed Account Option that we may impose as described in numbered paragraphs 1-4 under “Transfers and Frequent Transfer Restrictions” later in this prospectus.

Interest will continue to be credited daily on the account balance remaining in the one-year Fixed Account Option as funds are automatically transferred into your choice of Investment Divisions.  However, the effective yield over the 12-month automatic transfer period will be less than the base interest rate (or, if applicable, the Fixed Account minimum interest rate), as the applicable rate will be applied to a declining balance in the one-year Fixed Account Option.

Please also refer to “Transfers and Frequent Transfer Restrictions” later in this prospectus for information about certain restrictions, limits and requirements that may apply (or may in the future apply) to transfers to or from the Fixed Account Options.  In particular, we describe certain additional restrictions that may apply with respect to transfers from the one-year Fixed Account Option, including the possibility that, you might not be able to transfer all of your Contract Value out of the one-year Fixed Account Option for at least three years.  Accordingly, before allocating any Premium payments or other Contract Value to the one year Fixed Account Option, you should consider carefully the conditions we may impose upon your use of that option.

The DCA+ Fixed Account Option, if available, offers a fixed interest rate that we guarantee for a period of up to one year in connection with dollar-cost-averaging transfers to one or more of the Investment Divisions or systematic transfers to other Fixed Account Options.  From time to time, we will offer special enhanced rates on the DCA+ Fixed Account Option.  DCA+ Fixed Account Option is only available for new Premiums.  We provide more information about Dollar Cost Averaging, including DCA+, under “Other Information” later in this prospectus.

THE GMWB FIXED ACCOUNT

The Guaranteed Minimum Withdrawal Benefit (GMWB) Fixed Account.  The GMWB Fixed Account is available only in conjunction with the purchase of the Jackson Select Protector GMWB.  If you elect to purchase this GMWB, automatic transfers of your Contract Value may be required to and from the GMWB Fixed Account according to non-discretionary formulas.  You may not allocate additional monies to the GMWB Fixed Account.

The Contract Value in the GMWB Fixed Account is credited with a specific interest rate.  The interest rate initially declared for each transfer to the GMWB Fixed Account will remain in effect for a period of not less than one year.  GMWB Fixed Account interest rates for subsequent periods may be higher or lower than the rates previously declared.  The interest rate is credited daily to the Contract Value in the GMWB Fixed Account and the rate may vary by state but will never be less than the Fixed Account minimum interest rate applicable to the Contract, as discussed under “THE FIXED ACCOUNT” beginning on page 15 .  Please contact us at the Annuity Service Center or contact your representative to obtain the currently declared GMWB Fixed Account interest rate for your state.  Our contact information is on the cover page of this prospectus.

Contract charges deducted from the Fixed Account and Investment Divisions are also deducted from the GMWB Fixed Account in accordance with your Contract’s provisions.  DCA, DCA+, Earnings Sweep and Automatic Rebalancing are not available to or from the GMWB Fixed Account.  There is no Excess Interest Adjustment on transfers, withdrawals or deductions from the GMWB Fixed Account.  Transfers to and from the GMWB Fixed Account are automatic according to non-discretionary formulas; you may notchoose to transfer amounts to and from the GMWB Fixed Account.  These automatic transfers will not count against the 15 free transfers in a Contract Year.  You will receive a confirmation statement reflecting the automatic transfer of any Contract Value to and from the GMWB Fixed Account.

For more detailed information regarding Jackson Select Protector GMWB, including the GMWB Fixed Account, please see “For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up and Transfer of Assets Endorsement (Jackson Select Protector GMWB)” beginning on page 70 .

THE SEPARATE ACCOUNT

We established the Separate Account on June 14, 1993, pursuant to the provisions of Michigan law.  The Separate Account is a separate account under state insurance law and a unit investment trust under federal securities law and is registered as an investment company with the SEC.

The assets of the Separate Account legally belong to us and the obligations under the Contracts are our obligations.  However, we are not allowed to use the Contract assets in the Separate Account to pay our liabilities arising out of any other business we may conduct.  All of the income, gains and losses resulting from these assets (whether or not realized) are credited to or charged against the Contracts and not against any other Contracts we may issue.

The Separate Account is divided into Investment Divisions.  We do not guarantee the investment performance of the Separate Account or any of its Investment Divisions.

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INVESTMENT DIVISIONS

Your Contract Value may be allocated to no more than 18 Investment Divisions, the Fixed Account and the GMWB Fixed Account at any one time.  Each Investment Division purchases the shares of one underlying Fund (mutual fund portfolio) that has its own investment objective.  The Investment Divisions are designed to offer the potential for a higher return than the Fixed Account Options and the GMWB Fixed Account.  However, this is not guaranteed.  It is possible for you to lose your Contract Value allocated to any of the Investment Divisions.  If you allocate Contract Values to the Investment Divisions, the amounts you are able to accumulate in your Contract during the accumulation phase depend upon the performance of the Investment Divisions you select.  The amount of the income payments you receive during the income phase also will depend, in part, on the performance of the Investment Divisions you choose for the income phase.

The following Funds in which the Investment Divisions invest are each known as a Fund of Funds.  Funds offered in a Fund of Funds structure may have higher expenses than direct investments in the underlying Funds.  You should read the prospectus for the JNL Series Trust for more information.

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

In addition to the Fund of Funds structure, certain of the Funds operate as feeder funds that invest in master funds.  These Funds are identified in the following descriptions by the designation (“Feeder Fund”) following the name of the Fund.  For more information about a Feeder Fund, you should read the prospectus for the JNL Series Trust.

The names of the Funds that are available, along with the names of the advisers and sub-advisers and a brief statement of each investment objective, are below:

JNL Series Trust

JNL/American Funds Blue Chip Income and Growth Fund (“Feeder Fund”)

Jackson National Asset Management, LLC, investment adviser to the Feeder Fund (and Capital Research and Management CompanySM, investment adviser to the Master Fund)

Seeks both income exceeding the average yield on U.S. stocks generally and to provide an opportunity for growth of principal consistent with sound common stock investing through exclusive investment in the Class 1 shares of the American Funds Insurance Series® – Blue Chip Income and Growth FundSM (“Master Fund”). The Master Fund invests primarily in dividend-paying common stocks of larger, more established companies domiciled in the United States with market capitalizations greater than $4 billion.

JNL/American Funds Global Bond Fund (“Feeder Fund”)

Jackson National Asset Management, LLC, investment adviser to the Feeder Fund (and Capital Research and Management CompanySM, investment adviser to the Master Fund)

Seeks, over the long term, a high level of total return consistent with prudent investment management through exclusive investment in the Class 1 shares of the American Funds Insurance Series® – Global Bond FundSM (“Master Fund”). The Master Fund seeks to provide as high a level of total return as is consistent with prudent management, by investing at least 80% of its assets in bonds. As the Master Fund seeks to invest globally, the Master Fund will allocate its assets among securities of companies domiciled in various countries, including the United States and countries with emerging markets (but no fewer than three countries).

JNL/American Funds Global Small Capitalization Fund (“Feeder Fund”)

Jackson National Asset Management, LLC, investment adviser to the Feeder Fund (and Capital Research and Management CompanySM, investment adviser to the Master Fund)

Seeks growth of capital over time through exclusive investment in the Class 1 shares of the American Funds Insurance Series® – Global Small Capitalization FundSM (“Master Fund”). The Master Fund invests at least 80% of its net assets in growth-oriented common stocks

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and other equity-type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) of companies with small market capitalizations, measured at the time of purchase. As the Master Fund seeks to invest globally, the Master Fund will allocate its assets among securities of companies domiciled in various countries, including the United States and countries with emerging markets (but no fewer than three countries).

JNL/American Funds Growth-Income Fund (“Feeder Fund”)

Jackson National Asset Management, LLC, investment adviser to the Feeder Fund (and Capital Research and Management CompanySM, investment adviser to the Master Fund)

Seeks long-term growth of capital and income through exclusive investment in the Class 1 shares of the American Funds Insurance Series® – Growth-Income FundSM (“Master Fund”). The Master Fund seeks to make the investment grow and provide income by investing primarily in common stocks or other securities that the investment adviser to the Master Fund believes demonstrate the potential for appreciation and/or dividends. The Master Fund may invest up to 15% of its assets, at the time of purchase, in securities of issuers domiciled outside the United States.

JNL/American Funds International Fund (“Feeder Fund”)

Jackson National Asset Management, LLC, investment adviser to the Feeder Fund (and Capital Research and Management CompanySM, investment adviser to the Master Fund)

Seeks long-term growth of capital through exclusive investment in the Class 1 shares of the American Funds Insurance Series® – International FundSM (“Master Fund”). The Master Fund seeks to make the investment grow by investing primarily in common stocks of companies domiciled outside the United States, including companies domiciled in developing countries, that the investment adviser to the Master Fund believes have the potential for growth. Investors in the Master Fund should have a long-term perspective and, for example, be able to tolerate potentially sharp, short-term declines in value.

JNL/American Funds New World Fund (“Feeder Fund”)

Jackson National Asset Management, LLC, investment adviser to the Feeder Fund (and Capital Research and Management CompanySM, investment adviser to the Master Fund)

Seeks long-term capital appreciation through exclusive investment in the Class 1 shares of the American Funds Insurance Series® – New World Fund® (“Master Fund”). The Master Fund may invest in companies without regard to market capitalization, including companies with small market capitalizations.  Investors in the Master Fund should have a long-term perspective and, for example, be able to tolerate potentially sharp, short-term declines in value. Under normal market conditions, the Master Fund will invest at least 35% of its assets in equity and debt securities of issuers primarily based in qualified countries that have developing economies and/or markets.

JNL Institutional Alt 20 Fund

Jackson National Asset Management, LLC

Seeks long-term growth of capital and income by investing in Class A shares of a diversified group of other funds (“Underlying Funds”) that invest primarily in equity and fixed income securities.  The Underlying Funds in which the Fund may invest are series of the JNL Series Trust, the JNL Variable Fund LLC, and the Curian Variable Series Trust.  Not all funds of the JNL Series Trust, the JNL Variable Fund LLC, and the Curian Variable Series Trust are available as Underlying Funds.   The Fund allocates approximately 80% of its assets to traditional investment categories and approximately 20% to non-traditional investment categories. Investments may include Underlying Funds that invest in both domestic and international stocks of large established companies, in stocks of smaller companies with above-average growth potential.

JNL Institutional Alt 35 Fund

Jackson National Asset Management, LLC

Seeks long-term growth of capital and income by investing in Class A shares of a diversified group of other funds (“Underlying Funds”) that invest primarily in equity and fixed income securities.  The Underlying Funds in which the Fund may invest are series of the JNL Series Trust, the JNL Variable Fund LLC, and the Curian Variable Series Trust.  Not all funds of the JNL Series Trust, the JNL Variable Fund LLC, and the Curian Variable Series Trust are available as Underlying Funds.   The Fund allocates approximately 65% of its assets to traditional investment categories and approximately 35% to non-traditional investment categories. Investments may include Underlying Funds that invest in both domestic and international stocks of large established companies, in stocks of smaller companies with above-average growth potential.

JNL Institutional Alt 50 Fund

Jackson National Asset Management, LLC

Seeks long-term growth of capital and income by investing in Class A shares of a diversified group of other funds (“Underlying Funds”) that invest primarily in equity and fixed income securities.  The Underlying Funds in which the Fund may invest are series of the JNL Series Trust, the JNL Variable Fund LLC, and the Curian Variable Series Trust.  Not all funds of the JNL Series Trust, the JNL Variable Fund LLC, and the Curian Variable Series Trust are available as Underlying Funds.   The Fund allocates approximately 50% of its assets to traditional investment categories and approximately 50% to non-traditional investment categories. Investments may include Underlying Funds that invest in both domestic and international stocks of large established companies, in stocks of smaller companies with above-average growth potential.

JNL/American Funds® Balanced Allocation Fund

Jackson National Asset Management, LLC

Seeks a balance between current income and growth of capital by investing in Class 1 shares of a diversified group of other Funds (“Underlying Funds”).  The Underlying Funds in which the Fund may invest are a part of the American Funds Insurance Series® (“AFIS”).  Not all Funds of AFIS are available as Underlying Funds.  Under normal circumstances, the Fund allocates approximately 50%-80% of its

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assets to Underlying Funds that invest primarily in equity securities and 20%-50% of its assets to Underlying Funds that invest primarily in fixed income securities.

JNL/American Funds Growth Allocation Fund

Jackson National Asset Management, LLC

Seeks capital growth with a secondary emphasis on current income by investing in Class 1 shares of a diversified group of other Funds (“Underlying Funds”).  The Underlying Funds in which the Fund may invest are a part of the American Funds Insurance Series® (“AFIS”).  Not all Funds of AFIS are available as Underlying Funds.  Under normal circumstances, the Fund allocates approximately 70%-100% of its assets to Underlying Funds that invest primarily in equity securities and 0%-30% of its assets to Underlying Funds that invest primarily in fixed income securities.

JNL/BlackRock Commodity Securities Strategy Fund

Jackson National Asset Management, LLC (and BlackRock Investment Management, LLC)

Seeks long-term capital growth by investing in equity securities and commodity-linked derivative instruments that provide exposure to the natural resources sector, as well as fixed income securities.  

Under normal market conditions, the Fund will utilize two strategies and will invest approximately 50% - 75% of its assets in the “Natural Resources Strategy,” and 25% - 50% of its assets in the “Commodity Strategy.”  The “Natural Resources Strategy” will focus on companies active in the extraction, production, and processing of commodities and raw materials. The “Commodity Strategy” will focus on investments in commodity securities.

JNL/BlackRock Global Allocation Fund

Jackson National Asset Management, LLC (and BlackRock Investment Management, LLC)

Seeks high total investment return by investing in a portfolio of equity and debt securities, money market securities and other short-term securities or instruments of issuers located around the world.  Generally, the Fund will invest in both equity and debt securities and seeks diversification across markets, industries and issuers as one of its strategies to reduce volatility. Equity securities include common stock, rights and warrants, preferred stock, securities convertible into common stock, or securities or other instruments whose price is linked to the value of common stock.  

JNL/BlackRock Large Cap Select Growth Fund

Jackson National Asset Management, LLC (and BlackRock Investment Management, LLC)

Seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of its assets in equity securities of U.S. large capitalization companies.  The Fund defines large capitalization companies as those with a market capitalization of at least $2.5 billion at the time of investment. Investments in equity securities include common stock and preferred stock, as well as American Depository Receipts. In addition, up to 20% of the Fund’s net assets may be invested in foreign equity securities.  

JNL/Brookfield Global Infrastructure and MLP Fund (formerly, JNL/Brookfield Global Infrastructure Fund )

Jackson National Asset Management, LLC (and Brookfield Investment Management Inc.)

Seeks total return through growth of capital and current income by investing primarily in securities of publicly traded infrastructure companies.  Under normal market conditions, the Fund will invest at least 80% of its net assets in MLPs and publicly traded equity securities of infrastructure companies listed on a domestic or foreign exchange.  MLPs may derive income and gains from the exploration, development, mining or production, process, refining, transportation, or marketing of any mineral or natural gas.

JNL/Capital Guardian Global Balanced Fund

Jackson National Asset Management, LLC (and Capital Guardian Trust Company)

Seeks income and capital growth, consistent with reasonable risk through investments in stocks and fixed income securities of U.S. and non-U.S. issuers.  The Fund’s neutral position is a blend of 65% equities and 35% fixed income, but may allocate 55% to 75% of the Fund’s assets to equity securities and 25% to 45% of the Fund’s assets to fixed income securities.  The Fund may also invest in debt securities of developing country (emerging market) issuers.

JNL/Capital Guardian Global Diversified Research Fund

Jackson National Asset Management, LLC (and Capital Guardian Trust Company)

Seeks long-term growth of capital and income by investing at least 80% of its assets in a portfolio consisting of equity securities of U.S. and non-U.S. issuers.  The Fund normally will invest in common stocks, preferred shares and convertible securities of companies with market capitalization greater than $1 billion at the time of purchase.  The Fund may also invest in equity securities of developing country (emerging market) issuers.

JNL/DFA U.S. Core Equity Fund

Jackson National Asset Management, LLC (and Dimensional Fund Advisors LP)

Seeks long-term capital appreciation by investing, under normal market conditions, at least 80% of its assets in equity securities of U.S. companies.  The percentage allocation of the assets of the Fund to securities of the largest U.S. growth companies will generally be reduced from between 2.5% and 25% of their percentage weight in the U.S. universe.  The percentage by which the Fund’s allocation to securities of the largest U.S. growth companies is reduced will change due to market movements.   T he range by which the Fund’s percentage allocation to all securities as compared to the U.S. u niverse may be modified after considering other factors the Sub-Adviser determines to be appropriate.

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JNL/Eagle SmallCap Equity Fund

Jackson National Asset Management, LLC (and Eagle Asset Management, Inc.)

Seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of its assets in a diversified portfolio of equity securities of U.S. companies with market capitalizations in the range of the companies represented by the Russell 2000® Index.  The Fund’s equity holdings consist primarily of common stocks, but may also include preferred stocks and investment grade securities convertible into common stocks, and warrants.

JNL/Eastspring Investments Asia ex-Japan Fund

Jackson National Asset Management, LLC (and Eastspring Investments (Singapore) Limited)

Seeks long-term total return by investing under normal circumstances at least 80% of its assets in equity and equity-related securities of companies, which are listed, incorporated, or have their area of primary activity in the Asia ex-Japan region.  Consistent with the Fund’s objectives, the Fund may from time to time purchase derivative securities, including, but not limited to, forward currency contracts, futures, and options to, among other reasons, manage foreign currency and security exposure, provide liquidity, provide exposure not otherwise available, manage risk and implement investment strategies in a more efficient manner. 

JNL/Eastspring Investments China-India Fund

Jackson National Asset Management, LLC (and Eastspring Investments (Singapore) Limited)

Seeks long-term total return by investing normally, 80% of its assets in equity and equity-related securities (such as depositary receipts, convertible bonds and warrants) of corporations, which are incorporated in, or listed in, or have their area of primary activity in the People’s Republic of China and India.  Consistent with the Fund’s objectives, the Fund may from time to time purchase derivative securities, including, but not limited to, forward currency contracts, futures, and options to, among other reasons, manage foreign currency and security exposure, provide liquidity, provide exposure not otherwise available, manage risk and implement investment strategies in a more efficient manner. 

JNL/Franklin Templeton Founding Strategy Fund

Jackson National Asset Management, LLC

Seeks capital appreciation by investing in Class A shares of a diversified group of other Funds : JNL/Franklin Templeton Income Fund; JNL/Franklin Templeton Global Growth Fund; and , JNL/Franklin Templeton Mutual Shares Fund (“Underlying Funds”) . The Fund allocates approximately 33 1/3% of its assets and cash flow among the Underlying Funds. These Underlying Funds, in turn invest primarily in U.S. and foreign equity securities, and, to a lesser extent, fixed income and money market securities.

JNL/Franklin Templeton Global Growth Fund

Jackson National Asset Management, LLC (and Templeton Global Advisors Limited)

Seeks long-term capital growth by investing, under normal market conditions, primarily in the equity securities of companies located anywhere in the world, including emerging markets.  The equity securities in which the Fund primarily invests are common stock. Although the Fund seeks investments across a number of countries and sectors, from time to time, based on economic conditions, the Fund may have significant positions in particular countries or sectors.

JNL/Franklin Templeton Global Multisector Bond Fund

Jackson National Asset Management, LLC (and Franklin Advisers, Inc.)

Seeks total investment return consisting of a combination of interest income, capital appreciation, and currency gains .U nder normal market conditions the Fund invests primarily in fixed and floating rate debt securities and debt obligations (including convertible bonds) of governments, government-related issuers, or corporate issuers worldwide. The Fund may also invest in inflation-indexed securities and securities or structured products that are linked to or derive their value from another security, asset or currency of any nation. T he Fund’s assets will be invested in issuers located in at least three countries (including the U.S.).

JNL/Franklin Templeton Income Fund

Jackson National Asset Management, LLC (and Franklin Advisers, Inc.)

Seeks to maximize income while maintaining prospects for capital appreciation by investing, under normal market conditions, in a diversified portfolio of debt and equity securities.  The equity securities in which the Fund invests consist primarily of common stock. The Fund seeks income by selecting investments such as corporate, foreign and U.S. Treasury bonds, as well as stocks with attractive dividend yields.  

JNL/Franklin Templeton International Small Cap Growth Fund

Jackson National Asset Management, LLC (and Franklin Templeton Institutional, LLC and Templeton Investment Counsel, LLC)

Seeks long-term capital appreciation by investing, under normal market conditions, at least 80% of its assets in a diversified portfolio of investments  of smaller international companies, located outside of the U.S., including those of emerging or developing markets.  The Fund invests predominately in securities listed or traded on recognized international markets in developed countries included in MSCI EAFE Small Cap Index and All Country World exUS Small Cap Index.   The Fund may, from time to time, have significant investments in a particular sector or country.

JNL/Franklin Templeton Mutual Shares Fund

Jackson National Asset Management, LLC (and Franklin Mutual Advisers, LLC)

Seeks capital appreciation, which may occasionally be short-term (which is capital appreciation return on investment in less than 12 months), and secondarily, income .The Fund , under normal market conditions, invests primarily in equity securities (including securities

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convertible into, or that the sub-adviser expects to be exchanged for, common or preferred stock) of U.S. and foreign companies that the sub-adviser believes are available at market prices less than their value based on certain recognized or objective criteria (intrinsic value).  Following this value-oriented strategy, the Fund invests in undervalued securities (securities trading at a discount to intrinsic value). The equity securities in which the Fund invests are primarily common stock.

JNL/Franklin Templeton Small Cap Value Fund

Jackson National Asset Management, LLC (and Franklin Advisory Services, LLC)

Seeks long-term total return by investing, under normal market conditions, at least 80% of its assets in investments of small-capitalization companies with market capitalizations (the total market value of a company’s outstanding stock) under $3.5 billion at the time of purchase.  The Fund invests primarily in common stocks.  The Fund may invest up to 25% of its total assets in foreign securities.

JNL/Goldman Sachs Core Plus Bond Fund

Jackson National Asset Management, LLC (and Goldman Sachs Asset Management, L.P. and sub-sub-adviser: Goldman Sachs Asset Management International)

Seeks a high level of current income, with capital appreciation as a secondary objective .The Fund invest s , under normal circumstances, at least 80% of its assets in a globally diverse portfolio of bonds and other fixed income securities and related investments.  The Sub-Adviser has broad discretion to invest the Fund’s assets among certain segments of the fixed income market including in U.S. investment-grade bonds, collateralized loan obligations, high-yield non-investment grade debt securities, corporate debt securities, emerging market debt securities and in obligations of domestic and foreign issuers which may be denominated in currencies other than the U.S. dollar.  

JNL/Goldman Sachs Mid Cap Value Fund

Jackson National Asset Management, LLC (and Goldman Sachs Asset Management, L.P.)

Seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of its assets in securities within the market capitalization range of the Russell Midcap® Value Index and Russell 2500 Value Index.  The Fund may invest up to 25% of its net assets in foreign securities, including securities of issuers in emerging countries and securities denominated in foreign currencies.  The Fund may also invest in derivatives.

JNL/Goldman Sachs U.S. Equity Flex Fund

Jackson National Asset Management, LLC (Goldman Sachs Asset Management, L.P.)

Seeks long-term capital appreciation by investing in a broad mix of equity securities that aims to produce long-term capital appreciation and target attractive risk adjusted returns compared to the S&P 500 Index.  In seeking to outperform its benchmark index, the S&P 500 Index, the Fund will hold long securities that the Sub-Adviser believes are more likely to outperform the index, and will take short positions in securities the Sub-Adviser believes will underperform the index.

JNL/Invesco Global Real Estate Fund

Jackson National Asset Management, LLC (and Invesco Advisers, Inc. and sub-sub-adviser: Invesco Asset Management Limited)

Seeks high total return by investing, normally, at least 80% of its assets in securities of real estate and real estate-related companies , including real estate investment trusts and in derivatives and other instruments that have economic characteristics similar to such securities.  The companies will be located in at least three different countries, including the U . S.  

JNL/Invesco International Growth Fund

Jackson National Asset Management, LLC (and Invesco Advisers, Inc.)

Seeks long-term growth of capital by primarily investing in equity securities and depository receipts of foreign issuers. The Fund focuses its investments in common and preferred stock and invests, under normal circumstances in securities of companies located in at least three countries outside of the U.S.  The Fund may also invest no more than 30% in emerging markets securities.  

JNL/Invesco Large Cap Growth Fund

Jackson National Asset Management, LLC (and Invesco Advisers, Inc.)

Seeks long-term growth of capital by investing, normally, at least 80% of its assets in securities of large-capitalization companies.  The Fund considers a company to be a large-capitalization company if it has a market capitalization, at the time of purchase, no smaller than the smallest capitalized company included in the Russell 1000® Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month. The Fund may also invest up to 25% of its total assets in foreign securities.

JNL/Invesco Mid Cap Value Fund

Jackson National Asset Management, LLC (and Invesco Advisers, Inc.)

Seeks total return through growth of capital by investing at least 80% of its assets in a non-diversified portfolio of equity securities of U.S. companies with market capitalizations generally in the range of $2 billion to $10 billion or in the range of companies represented in the Russell Mid Cap Index and that the sub-adviser believes are undervalued.

JNL/Invesco Small Cap Growth Fund

Jackson National Asset Management, LLC (and Invesco Advisers, Inc.)

Seeks long-term growth of capital by investing, normally, at least 80% of its assets in equity securities of small-capitalization companies.  The Fund considers a company to be a small-capitalization company if it has a market capitalization, at the time of purchase, no larger than the largest capitalized company included in the Russell 2000® Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month. The Fund may also invest up to 20% of its assets in equity securities of issuers that have market

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capitalizations, at the time of purchase, in other market capitalization ranges, and in investment-grade non-convertible debt securities, U.S. government securities and high quality money market instruments. The Fund may also invest up to 25% of its total assets in foreign securities.

JNL/Ivy Asset Strategy Fund

Jackson National Asset Management, LLC (and Ivy Investment Management Company)

Seeks to provide total return by allocating its assets primarily among stocks, bonds, and short-term instruments of issuers in markets located around the globe, as well as investments in derivative instruments, precious metals and investments with exposure to various foreign currencies.  The Fund may invest up to 100% of its total assets in foreign securities.  

JNL/JPMorgan International Value Fund

Jackson National Asset Management, LLC (and J.P. Morgan Investment Management Inc.)

Seeks high total return from a portfolio of equity securities of foreign companies in developed and, to a lesser extent, developing markets by investing .The Fund invests, under normal circumstances, at least 80% of its assets in a diversified portfolio consisting primarily of value common stocks of non-U.S. companies .T he Fund seeks to invest mainly in, but is not limited to, securities included in the MSCI EAFE Value Index.  The Fund may also invest in the equity securities of companies in developing countries or “emerging markets.”

JNL/JPMorgan MidCap Growth Fund

Jackson National Asset Management, LLC (and J.P. Morgan Investment Management Inc.)

Seeks capital growth over the long-term by investing, under normal market circumstances, at least 80% of its assets in a broad portfolio of common stocks of companies with market capitalizations equal to those within the universe of Russell Midcap Growth Index stocks at the time of purchase.  Market capitalization is the total market value of a company’s shares.  The Fund may also invest up to 20% of its total assets in all types of foreign securities.

JNL/JPMorgan U.S. Government & Quality Bond Fund

Jackson National Asset Management, LLC (and J.P. Morgan Investment Management Inc.)

Seeks to obtain a high level of current income by investing, under normal circumstances, at least 80% of its assets in U . S . Treasury securities, obligations issued by agencies or instrumentalities of the U.S. government (which may not be backed by the U.S. government) and mortgage-backed securities, that are supported either by the full faith and credit of the U.S. government or their own credit, collateralized mortgage obligations issued by private issuers, repurchase agreements and derivatives related to the principal investments.  The Fund may also invest in high-quality corporate debt securities.

JNL/Mellon Capital 10 x 10 Fund

Jackson National Asset Management, LLC

Seeks capital appreciation and income by investing in Class A shares of the following Underlying Funds:

Ø   50% in the JNL/Mellon Capital JNL 5 Fund;

Ø   10% in the JNL/Mellon Capital S&P 500 Index Fund;

Ø   10% in the JNL/Mellon Capital S&P 400 MidCap Index Fund;

Ø   10% in the JNL/Mellon Capital Small Cap Index Fund;

Ø   10% in the JNL/Mellon Capital International Index Fund; and

Ø   10% in the JNL/Mellon Capital Bond Index Fund.

JNL/Mellon Capital Index 5 Fund

Jackson National Asset Management, LLC

Seeks capital appreciation by investing in Class A shares of the following Underlying Funds:

Ø   20% in the JNL/Mellon Capital S&P 500 Index Fund;

Ø   20% in the JNL/Mellon Capital S&P 400 MidCap Index Fund;

Ø   20% in the JNL/Mellon Capital Small Cap Index Fund;

Ø   20% in the JNL/Mellon Capital International Index Fund; and

Ø   20% in the JNL/Mellon Capital Bond Index Fund.

JNL/Mellon Capital Emerging Markets Index Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeksto track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries .The Fund invest s, under normal circumstances, at least 80% of its assets in stocks included in the MSCI Emerging Markets Index (“Index”), including depositary receipts representing securities of the Index.  The Fund attempts to replicate the Index by investing all or substantially all of its assets in the stocks that comprise the Index. 

JNL/Mellon Capital European 30 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks to provide capital appreciation by investing at least 80% of its assets in the common stock of 30 companies selected from the MSCI Europe Index.

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JNL/Mellon Capital Pacific Rim 30 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks to provide capital appreciation by investing under normal circumstances at least 80% of its assets in the common stock of 30 companies selected from the MSCI Pacific Index.

JNL/Mellon Capital S&P 500 Index Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks to match the performance of the S&P 500® Index.  The Fund seeks to invest under normal circumstances at least 80% of its assets in the stocks in the S&P 500 Index in proportion to their market capitalization weighting in the S&P 500 Index in order to provide long-term capital growth.

JNL/Mellon Capital S&P 400 MidCap Index Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks to match the performance of the S&P MidCap 400 Index.  The Fund invests in equity securities of medium capitalization-weighted domestic corporations .U nder normal circumstances the Fund invests at least 80% of its assets in the stocks in the S&P MidCap 400 Index in proportion to their market capitalization weighting in the S&P MidCap 400 Index in order to provide long-term capital growth.

JNL/Mellon Capital Small Cap Index Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks to match the performance of the Russell 2000® Index.  The Fund invests in equity securities of small- to mid-size domestic companies .U nder normal circumstances the Fund invests at least 80% of its assets in a portfolio of securities, which seeks to match performance and characteristics of the Russell 2000 Index through replicating a majority of the Russell 2000 Index and sampling from the remaining securities in order to provide long-term growth of capital.

JNL/Mellon Capital International Index Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks to match the performance of the Morgan Stanley Capital International (“MSCI”) Europe Australia Far East (“EAFE”) Index. The Fund invests in international equity securities attempting to match the characteristics of each country within the index .U nder normal circumstances the Fund invests at least 80% of its assets in the stocks included in the MCSI EAFE Index or derivative securities economically related to the MSCI EAFE Index in order to provide long-term capital growth.

JNL/Mellon Capital Bond Index Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks to match the performance of the Barclays U.S. Aggregate Bond Index by investing under normal circumstances at least 80% of its assets in fixed income securities.  The Fund seeks to provide a moderate rate of income by investing in domestic fixed income investments.

JNL/Mellon Capital Dow Jones U.S. Contrarian Opportunities Index Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks to match the performance of the Dow Jones U.S. Contrarian Opportunities Index.  The Fund is constructed to mirror the Dow Jones U.S. Contrarian Opportunities Index to systematically measure the performance of stocks that lag behind the broader market in terms of recent performance, but that outrank their peers based on fundamentals-based and other qualitative criteria.

JNL/Morgan Stanley Mid Cap Growth Fund

Jackson National Asset Management, LLC (and Morgan Stanley Investment Management Inc.)

Seeks long-term capital growth by investing, under normal circumstances, at least 80% of its assets in equity securities of mid cap companies, primarily in established and emerging companies with capitalizations within the range of companies included in the Russell Midcap® Growth Index.

JNL/Neuberger Berman Strategic Income Fund

Jackson National Asset Management, LLC (and Neuberger Berman Fixed Income LLC)

Seeks high current income with long-term capital appreciation as its secondary objective by investing primarily in a diversified mix of fixed rate and floating rate debt securities. The Fund’s investments may include securities issued by domestic and foreign governments, corporate entities, and trust structures. The Fund may invest in a broad array of securities, including: securities issued or guaranteed as to principal or interest by the U.S. government or any of its agencies or instrumentalities; corporate bonds; commercial paper; currencies and non-U.S. securities; mortgage-backed securities and other asset-backed securities; and loans.

JNL/Oppenheimer Global Growth Fund

Jackson National Asset Management, LLC (and OppenheimerFunds, Inc.)

Seeks capital appreciation by investing mainly in common stocks of companies in the U.S. and foreign countries.  The Fund can invest without limit in foreign securities and can invest in any country, including countries with developing or emerging markets.  However, the Fund currently emphasizes investments in developed markets such as the United States, Western European countries and Japan.  The Fund does not limit its investments to companies in a particular capitalization range, but currently focuses its investments in mid-capitalization and large-capitalization companies.

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JNL/PIMCO Real Return Fund

Jackson National Asset Management, LLC (and Pacific Investment Management Company LLC)

Seeks maximum real return, consistent with preservation of real capital and prudent investment management .The Fund invest s, under normal circumstances , at least 80% of its assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities, and corporations.  Assets not invested in inflation-indexed bonds may be invested in other types of Fixed Income Instruments, which include bonds, debt securities, and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities.

JNL/PIMCO Total Return Bond Fund

Jackson National Asset Management, LLC (and Pacific Investment Management Company LLC)

Seeks to realize maximum total return, consistent with the preservation of capital and prudent investment management .The Fund invest s, under normal circumstances , at least 80% of its assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements.

JNL/PPM America Floating Rate Income Fund

Jackson National Asset Management, LLC (and PPM America, Inc.)

Seeks to provide a high level of current income by investing, under normal circumstances, at least 80% of its net assets in floating rate loans and other floating rate investments, defined as floating rate loans, floating rate notes, other floating rate debt securities, structured products, money market securities of all types, repurchase agreements, shares of money market funds, short-term bond funds and floating rate funds.   Further, while not a principal investment strategy, the Fund may engage in derivatives transactions. Investment in such derivative or other synthetic instruments that have economic characteristics similar to the floating rate investments may be used for the purpose of satisfying the 80% minimum investment requirement.

JNL/PPM America High Yield Bond Fund

Jackson National Asset Management, LLC (and PPM America, Inc.)

Seeks to maximize current income, with capital appreciation as a secondary objective, by investing, under normal circumstances, at least 80% of its assets in high-yield, high-risk debt securities, commonly referred to as “junk bonds” and related investments.  Further, while not a principal investment strategy, the Fund may engage in derivatives transactions. Investment in derivatives instruments that have economic characteristics similar to the fixed income investments may be used for the purpose of satisfying the 80% minimum investment requirement.  The Fund may also invest in securities of foreign issuers.  To the extent that the Fund invests in emerging market debt, this will be considered as an investment in a high-yield security for purposes of the 80% investment minimum requirement.

JNL/PPM America Mid Cap Value Fund

Jackson National Asset Management, LLC (and PPM America, Inc.)

Seeks long-term growth of capital by investing, primarily, at least 80% of its assets in a diversified portfolio of equity securities of U.S. companies with market capitalizations within the range of companies constituting the Russell Midcap Index (“Index”) under normal market conditions at the time of the initial purchase.  The market capitalization range of the Index will vary with market conditions over time.  If the market capitalization of a company held by the Fund moves outside the then-current Index range, the Fund may, but is not required to, sell the securities.

JNL/PPM America Small Cap Value Fund

Jackson National Asset Management, LLC (and PPM America, Inc.)

Seeks long-term growth of capital by investing, primarily, at least 80% of its assets in a diversified portfolio of equity securities of U.S. companies within the range of securities of the S&P SmallCap 600 Index (“Index”) under normal market conditions at the time of initial purchase.  The market capitalization range of the Index will vary with market conditions over time.  If the market capitalization of a company held by the Fund moves outside the then-current Index range, the Fund may, but is not required to, sell the securities.

JNL/PPM America Value Equity Fund

Jackson National Asset Management, LLC (and PPM America, Inc.)

Seeks long-term growth of capital by investing, primarily, in a diversified portfolio of equity securities of domestic companies.  Such companies will typically have market capitalizations within the range of companies constituting the S&P 500 Index (“Index”) under normal market conditions at the time of the initial purchase.  The market capitalization range of the Index will vary with market conditions over time.  At least 80% of its assets will be invested, under normal circumstances, in equity securities.

JNL/T. Rowe Price Established Growth Fund

Jackson National Asset Management, LLC (and T. Rowe Price Associates, Inc.)

Seeks long-term growth of capital and increasing dividend income by investing generally in common stocks of large-capitalization companies .  The S ub- A dviser seeks investments in companies with one or more of the following characteristics:  strong cash flow and an above-average rate of earnings growth; the ability to sustain earnings momentum during economic downturns; and occupation of a lucrative niche in the economy and the ability to expand even during times of slow economic growth .  While the Fund invests principally in U.S. common stocks, other securities may also be purchased, including foreign stocks, futures and options.

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JNL/T. Rowe Price Mid-Cap Growth Fund

Jackson National Asset Management, LLC (and T. Rowe Price Associates, Inc.)

Seeks long-term growth of capital by investing at least 80% of its assets, under normal circumstances, in a broadly diversified portfolio of common stocks of medium-sized (mid-capitalization) companies whose earnings the sub-adviser expects to grow at a faster rate than the average company.

JNL/T. Rowe Price Short-Term Bond Fund

Jackson National Asset Management, LLC (and T. Rowe Price Associates, Inc.)

Seeks a high level of income consistent with minimal fluctuation in principal value and liquidity by investing in a diversified portfolio of short-and intermediate-term investment-grade corporate, government, and mortgage-backed securities.  The Fund may also invest in money market securities, bank obligations, collateralized mortgage obligations, and foreign securities. Normally, the Fund will invest at least 80% of its net assets in bonds.  The Fund will only purchase securities that are rated within the four highest credit categories (e.g. AAA, AA, A, BBB, or equivalent) at the time of purchase by at least one major credit rating agency or, if unrated, deemed to be of comparable quality by the S ub- A dviser.

JNL/T. Rowe Price Value Fund

Jackson National Asset Management, LLC (and T. Rowe Price Associates, Inc.)

Seeks long-term capital appreciation by investing, via a value approach investment selection process, at least 65% of total assets in common stocks believed to be undervalued.  Stock holdings are expected to consist primarily of large-company stocks, but may also include mid-cap and small-cap companies. The Fund may invest up to 25% of its total assets (excluding reserves) in foreign securities. Income is a secondary objective.

JNL/WMC Balanced Fund

Jackson National Asset Management, LLC (and Wellington Management Company, LLP)

Seeks reasonable income and long-term capital growth by investing primarily in a diversified portfolio of common stock and investment grade fixed income securities.  The Fund may invest in any type or class of security. The anticipated mix of the Fund’s holdings is typically 60-70% of its assets in equities and 30-40% in fixed income securities, including cash and cash equivalents.  

JNL/WMC Money Market Fund

Jackson National Asset Management, LLC (and Wellington Management Company, LLP)

Seeks a high level of current income as is consistent with the preservation of capital and maintenance of liquidity by investing in high quality, U.S. dollar-denominated short-term money market instruments that mature in 397 days or less. The Fund primarily invests in money market instruments rated in one of the two highest short-term credit rating categories, including: (i) obligations issued or guaranteed as to principal and interest by the U.S. government, its agencies and instrumentalities or by state and local governments; (ii) time deposits, certificates of deposit and bankers acceptances, issued by banks and other lending institutions; (iii) commercial paper and other short-term obligations of U.S. and foreign issuers (including asset-backed securities); (iv) obligations issued or guaranteed by foreign governments or any of their political subdivisions, agencies or instrumentalities, including obligations of supranational entities; and (v) repurchase agreements on obligations issued or guaranteed by the U.S. government, its agencies or instrumentalities.

JNL/WMC Value Fund

Jackson National Asset Management, LLC (and Wellington Management Company, LLP)

Seeks long-term growth of capital by investing under normal circumstances at least 65% of its total assets in common stocks of domestic companies.  Although the Fund may invest in companies with a broad range of market capitalizations, the Fund will tend to focus on companies with large market capitalizations (generally above $3 billion).  The Fund may invest up to 20% of its total assets in the securities of foreign issuers.

JNL/S&P Competitive Advantage Fund

Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC and Mellon Capital Management Corporation)

Seeks capital appreciation by investing approximately equal amounts in the common stock of 30 companies included in the S&P 500 that are, in the opinion of Standard & Poor’s Investment Advisory Services LLC (“SPIAS”), profitable and predominantly higher-quality.  In selecting companies, SPIAS looks for the 30 companies ranked by return on invested capital and lowest market-to-book multiples.

JNL/S&P Dividend Income & Growth Fund

Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC and Mellon Capital Management Corporation)

Seeks primarily capital appreciation with a secondary focus on current income by investing approximately equal amounts in the common stock of the 30 companies included in the S&P 500 that have the highest indicated annual dividend yields (“Dividend Yield”) within their sector.  The three companies with the highest Dividend Yield, are selected from each of 10 economic sectors in the S&P 500.

JNL/S&P Intrinsic Value Fund

Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC and Mellon Capital Management Corporation)

Seeks capital appreciation by investing approximately equal amounts in the common stock of 30 companies included in the S&P 500, excluding financial companies, that are, in the opinion of Standard & Poor’s Investment Advisory Services LLC, companies with positive free cash flows and low external financing needs.

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JNL/S&P Total Yield Fund

Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC and Mellon Capital Management Corporation)

Seeks capital appreciation by investing approximately equal amounts in the common stock of the 30 companies included in the S&P 500 that have the highest S&P Total Yield (a broad measure of cash returned to shareholders and bondholders).  Standard & Poor’s Investment Advisory Services LLC seeks companies that are significantly reducing their debt burden and/or increasing their equity distributions.  

JNL/S&P Mid 3 Fund

Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC and Mellon Capital Management Corporation)

Seeks capital appreciation by investing in common stocks of companies that are identified by a model based on three separate investment strategies.  The Fund invests approximately 1/3 of its net assets in the following strategies:

Ø    MID Competitive Advantage Strategy;

Ø    MID Intrinsic Value Strategy; and

Ø    MID Total Equity Yield Strategy.

JNL/S&P 4 Fund

Jackson National Asset Management, LLC

Seeks capital appreciation by making initial allocations (25%) of its assets and cash flows to the following four Underlying Funds (Class A) on a specific date each year:

Ø  25% in JNL/S&P Competitive Advantage Fund;

Ø  25% in JNL/S&P Dividend Income & Growth Fund;

Ø  25% in JNL/S&P Intrinsic Value Fund; and

Ø  25% in JNL/S&P Total Yield Fund.

JNL/S&P Managed Conservative Fund

Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC)

Seeks capital growth and current income by investing in Class A Shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Curian Variable Series Trust .  

Under normal circumstances, the Fund allocates approximately 10% - 30% of its assets to Underlying Funds that invest primarily in equity securities, 70% - 90% to Underlying Funds that invest primarily in fixed income securities and 0% - 30% to Underlying Funds that invest primarily in money market securities.  

JNL/S&P Managed Moderate Fund

Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC)

Seeks capital growth, with current income as a secondary objective, by investing in Class A Shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Curian Variable Series Trust .  

Under normal circumstances, the Fund allocates approximately 30% - 50% of its assets to Underlying Funds that invest primarily in equity securities, 50% - 70% to Underlying Funds that invest primarily in fixed income securities and 0-25% to Underlying Funds that invest primarily in money market securities.  

JNL/S&P Managed Moderate Growth Fund

Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC)

Seeks capital growth and current income by investing in Class A Shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Curian Variable Series Trust.

Under normal circumstances, the Fund allocates approximately 50% - 70% of its assets to Underlying Funds that invest primarily in equity securities, 30% - 50% to Underlying Funds that invest primarily in fixed income securities and 0% - 20% to Underlying Funds that invest primarily in money market securities.  

JNL/S&P Managed Growth Fund

Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC)

Seeks capital growth, with current income as a secondary objective, by investing in Class A Shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Curian Variable Series Trust .  

Under normal circumstances, the Fund allocates approximately 70% - 90% of its assets to Underlying Funds that invest primarily in equity securities, 10% - 30% to Underlying Funds that invest primarily in fixed income securities and 0-15% to Underlying Funds that invest primarily in money market securities.  

JNL/S&P Managed Aggressive Growth Fund

Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC)

Seeks capital growth by investing in Class A Shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Curian Variable Series Trust .  

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Under normal circumstances, the Fund allocates up to 80% - 100% of its assets to Underlying Funds that invest primarily in equity securities, 0% - 20% to Underlying Funds that invest primarily in fixed income securities and 0% - 10% to Underlying Funds that invest primarily in money market securities.  

JNL Disciplined Moderate Fund

Jackson National Asset Management, LLC

Seeks capital growth, and secondarily, current income by investing in Class A shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Curian Variable Series Trust .  

Under normal circumstances, the Fund allocates approximately 40% - 80% of its assets to Underlying Funds that invest primarily in equity securities, 20% - 60% to Underlying Funds that invest primarily in fixed income securities and 0% - 20% of its assets to Underlying Funds that invest primarily in money market securities.

JNL Disciplined Moderate Growth Fund

Jackson National Asset Management, LLC

Seeks capital growth and current income by investing in Class A shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Curian Variable Series Trust .  

Under normal circumstances, the Fund allocates approximately 60% - 90% of its assets to Underlying Funds that invest primarily in equity securities, 10% - 40% to Underlying Funds that invest primarily in fixed income securities and 0% - 20% of its assets to Underlying Funds that invest primarily in money market securities.

JNL Disciplined Growth Fund

Jackson National Asset Management, LLC

Seeks capital growth by investing in Class A shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Curian Variable Series Trust .

Under normal circumstances, the Fund allocates approximately 70% - 100% of its assets to Underlying Funds that invest primarily in equity securities, 0% - 30% to Underlying Funds that invest primarily in fixed income securities and 0% - 20% of its assets to Underlying Funds that invest primarily in money market securities.

JNL Variable Fund LLC

JNL/Mellon Capital DowSM 10 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through a combination of capital appreciation and dividend income by investing approximately equal amounts in the common stock of the ten companies included in the Dow Jones Industrial Average which have the highest indicated annual dividend yields.

JNL/Mellon Capital Global 15 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through a combination of capital appreciation and dividend income by investing in the common stocks of certain companies which are components of the Dow Jones Industrial Average, the Financial Times Ordinary Index and the Hang Seng Index.

JNL/Mellon Capital Nasdaq® 25 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return by investing in the common stocks of the 25 companies that are expected to have a potential for capital appreciation.  The Nasdaq 25 Strategy selects a portfolio of common stocks of 25 companies selected from stocks included in the Nasdaq-100 Index®.

JNL/Mellon Capital Value Line® 30 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks capital appreciation by investing in the common stocks of 30 companies that Value Line® gives a #1 ranking for TimelinessTM.  The 30 companies are selected each year by the S ub- A dviser based on certain positive financial attributes.  The #1 TimelinessTM top ranking given to only 100 stocks reflects Value Line’s view of their probable price performance during the next six months relative to the other stocks ranked by Value Line®.

JNL/Mellon Capital S&P® 24 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through capital appreciation by investing approximately equal amounts in the common stocks of 24 companies that have the potential for capital appreciation, on a specific date each year.

JNL/Mellon Capital S&P® SMid 60 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks capital appreciation by investing in the common stock of 30 companies included in the Standard & Poor’s MidCap 400 Index and 30 companies in the Standard & Poor’s SmallCap 600 Index.  The Fund seeks to achieve its objective by identifying small and mid-capitalization companies with improving fundamental performance and sentiment.  The Sub-Adviser follows a process that attempts to select small and mid-cap companies that are likely to be in an earlier stage of their economic life cycle than mature large-cap companies.

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JNL/Mellon Capital NYSE® International 25 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks capital appreciation by investing in foreign companies that trade on the New York Stock Exchange (“NYSE”).  The 25 companies are selected on a specific date each year by ranking the stocks on the NYSE International IndexSM based on two factors: price to book and price to cash flow. The sub-adviser then selects an equally-weighted portfolio of the 25 companies with the highest overall ranking on the two factors.  

JNL/Mellon Capital 25 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through a combination of capital appreciation and dividend income by investing the common stocks of 25 companies selected from a pre-screened subset of the stocks listed on the New York Stock Exchange (“NYSE”). The companies in the portfolio are determined by selecting all of the dividend-paying stocks listed on the NYSE. Next, the 400 highest market capitalization stocks are selected which are then ranked by dividend yield and 75 of the highest dividend yielding stocks are selected. From the remaining 75 stocks, the 50 highest dividend yielding stocks are eliminated and the remaining 25 companies are selected only once annually on a specific date each year.

JNL/Mellon Capital JNL 5 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through capital appreciation and dividend income by investing in the common stocks of companies that are identified by a model based on five different specialized strategies:

Ø   20% in the DowSM 10 Strategy, a dividend yielding strategy;

Ø  20% in the S&P® 10 Strategy, a blended valuation-momentum strategy;

Ø  20% in the Global 15 Strategy, a dividend yielding strategy;

Ø  20% in the 25 Strategy, a dividend yielding strategy; and

Ø  20% in the Select Small-Cap Strategy, a small capitalization strategy.

JNL/Mellon Capital JNL Optimized 5 Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks capital appreciation by investing in the common stocks of companies that are identified by a model based on five separate specialized strategies:

Ø  25% in the Nasdaq® 25 Strategy;

Ø  25% in the Value Line® 30 Strategy;

Ø  24% in the European 30 Strategy;

Ø  14% in the Global 15 Strategy; and

Ø  12% in the 25 Strategy.

JNL/Mellon Capital Communications Sector Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the stocks in the Dow Jones U.S. Telecommunications Index in proportion to their market capitalization weighting in the Dow Jones U.S. Telecommunications Index.

JNL/Mellon Capital Consumer Brands Sector Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the stocks in the Dow Jones U.S. Consumer Services Index in proportion to their market capitalization weighting in the Dow Jones U.S. Consumer Services Index.

JNL/Mellon Capital Financial Sector Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the stocks in the Dow Jones U.S. Financial Index in proportion to their market capitalization weighting in the Dow Jones U.S. Financials Index.

JNL/Mellon Capital Healthcare Sector Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the stocks in the Dow Jones U.S. Health Care Index in proportion to their market capitalization weighting in the Dow Jones U.S. Health Care Index.

JNL/Mellon Capital Oil & Gas Sector Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the stocks in the Dow Jones U.S. Oil & Gas Index in proportion to their market capitalization weighting in the Dow Jones U.S. Oil & Gas Index.

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JNL/Mellon Capital Technology Sector Fund

Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)

Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the stocks in the Dow Jones U.S. Technology Index in proportion to their market capitalization weighting in the Dow Jones U.S. Technology Index.

The investment objectives and policies of certain Funds are similar to the investment objectives and policies of other mutual funds that the Fund’s investment sub-advisers also manage.  Although the objectives and policies may be similar, the investment results of the Funds may be higher or lower than the results of those other mutual funds.  We cannot guarantee, and make no representation, that the investment results of similar Funds will be comparable even though the Funds have the same investment sub-advisers.  The Funds described are available only through variable annuity contracts issued by Jackson.  They are NOT offered or made available to the general public directly.

A Fund’s performance may be affected by risks specific to certain types of investments, such as foreign securities, derivative investments, non-investment grade debt securities, initial public offerings (IPOs) or companies with relatively small market capitalizations.  IPOs and other investment techniques may have a magnified performance impact on a Fund with a small asset base.  A Fund may not experience similar performance as its assets grow.

You should read the prospectuses for the JNL Series Trust and the JNL Variable Fund LLC carefully before investing.  Additional Funds and Investment Divisions may be available in the future.  The prospectuses for the JNL Series Trust and the JNL Variable Fund LLC are attached to this prospectus.  However, these prospectuses may also be obtained at no charge by calling 1-800-644-4565 (Annuity and Life Service Center) or 1-800-777-7779 (for contracts purchased through a bank or financial institution), by writing P.O. Box 30314, Lansing, Michigan 48909-7814, or by visiting www.jackson.com.

Voting Privileges.To the extent required by law, we will obtain instructions from you and other Owners about how to vote our shares of a Fund when there is a vote of shareholders of a Fund.  We will vote all the shares we own in proportion to those instructions from Owners.  An effect of this proportional voting is that a relatively small number of Owners may determine the outcome of a vote.

Substitution.We reserve the right to substitute a different Fund or a different mutual fund for the one in which any Investment Division is currently invested, or transfer money to the General Account.  We will not do this without any required approval of the SEC.  We will give you notice of any substitution.

CONTRACT CHARGES

There are charges associated with your Contract, the deduction of which will reduce the investment return of your Contract.  Charges are deducted proportionally from your Contract Value.  Some of these charges are for optional endorsements, as noted, so they are deducted from your Contract Value only if you elected to add that optional endorsement to your Contract.  These charges may be a lesser amount where required by state law or as described below, but will not be increased.  We expect to profit from certain charges assessed under the Contract.  These charges (and certain other expenses) are as follows:

Mortality and Expense Risk Charge.Each day, as part of our calculation of the value of the Accumulation Units and Annuity Units, we make a deduction for the Mortality and Expense Risk Charge.  On an annual basis, this charge equals 1.10% of the average daily net asset value of your allocations to the Investment Divisions.    This charge does not apply to the Fixed Account or the GMWB Fixed Account.

This charge compensates us for the risks we assume in connection with all the Contracts, not just your Contract.  Our mortality risks under the Contracts arise from our obligations:

● 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.

Our expense risks under the Contracts include the risk that our actual cost of administering the Contracts and the Investment Divisions may exceed the amount that we receive from the administration charge and the annual contract maintenance charge.  Included among these expense risks are those that we assume in connection with waivers of withdrawal charges under the Terminal Illness Benefit, the Specified Conditions Benefit and the Extended Care Benefit.

If your Contract Value were ever to become insufficient to pay this charge, your Contract would terminate without value.

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Annual Contract Maintenance Charge.During the accumulation phase, we deduct a $35 annual contract maintenance charge on the Contract Anniversary of the Issue Date.  We will also deduct the annual contract maintenance charge if you make a total withdrawal.  This charge is for administrative expenses.  The annual contract maintenance charge will be assessed on the Contract Anniversary or upon full withdrawal and generally is taken from the Investment Divisions, the Fixed Account and the GMWB Fixed Account based on the proportion their respective value bears to the Contract Value.  We will not deduct this charge if, when the deduction is to be made, the value of your Contract is $50,000 or more.

Administration Charge.Each day, as part of our calculation of the value of the Accumulation Units and Annuity Units, we make a deduction for administration charges.  On an annual basis, these charges equal 0.15% of the average daily net asset value of your allocations to the Investment Divisions.  This charge does not apply to the Fixed Account or the GMWB Fixed Account.  This charge compensates us for our expenses incurred in administering the Contracts and the Separate Account.

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.

Transfer Charge.You must pay $25 for each transfer in excess of 15 in a Contract Year.  For this purpose, all transfers that are processed on the same Business Day will be considered as one transfer. This charge is deducted from the amount that is transferred prior to the allocation to a different Investment Division or the Fixed Account, as applicable.  We waive the transfer charge in connection with Dollar Cost Averaging, Earnings Sweep, Rebalancing transfers and any transfers we require, and we may charge a lesser fee where required by state law.

Withdrawal Charge.At any time during the accumulation phase (if and to the extent that Contract Value is sufficient to pay any remaining withdrawal charges that remain after a withdrawal), you may withdraw the following with no withdrawal charge:

● Premiums that are no longer subject to a withdrawal charge (Premiums in your annuity for at least seven (five for the Five-Year Withdrawal Charge Period option) years without being withdrawn), plus  

● earnings (excess of your Contract Value allocated to the Investment Divisions, the Fixed Account and the GMWB Fixed Account over your Remaining Premiums allocated to those accounts)  

● during each Contract Year 10% (20% if you have elected the 20% Additional Free Withdrawal endorsement) of Premium (subject to certain exclusions)that would otherwise incur a withdrawal charge, be subject to a Contract Enhancement recapture charge, or be reduced by an Excess Interest Adjustment, and that has not been previously withdrawn (this can be withdrawn at once or in segments throughout the Contract Year), minus earnings (required minimum distributions will be counted as part of the free withdrawal amount).

We will deduct a withdrawal charge on:

● 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 exceed 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  

● amounts withdrawn in a total withdrawal, or  

● amounts applied to income payments on an Income Date that is within one year of the Issue Date.

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The amount of the withdrawal charge deducted varies (depending upon whether you have elected the Five-Year Withdrawal Charge Period option and how many years prior to the withdrawal you made the Premium payment(s) you are withdrawing) according to the following schedule (state variations may apply):

Withdrawal Charge (as a percentage of Premium payments):

Completed Years since Receipt of Premium	0-1	1-2	2-3	3-4	4-5	5-6	6-7	7+
Base Schedule	8.5%	7.5%	6.5%	5.5%	5%	4%	2%	0
Withdrawal Charge if Five-Year Period Applies	8%	7%	6%	4%	2%	0	0	0

For purposes of the withdrawal charge, we treat withdrawals as coming first from earnings and then from the oldest Remaining  Premium.  If you make a full withdrawal, or elect to commence income payments within one year of the date your Contract was issued, the withdrawal charge is based on Premiums remaining in the Contract and no free withdrawal amount applies.  If you withdraw only part of the value of your Contract, we deduct the withdrawal charge from the remaining value in your Contract.  The withdrawal charge compensates us for costs associated with selling the Contracts.

Note:  Withdrawals under a non-qualified Contract will be taxable on an “income first” basis.  This means that any withdrawal from a non-qualified Contract that does not exceed the accumulated income under the Contract will be taxable in full.  Any withdrawals under a tax-qualified Contract will be taxable except to the extent that they are allocable to an investment in the Contract (any after-tax contributions).  In most cases, there will be little or no investment in the Contract for a tax-qualified Contract because contributions will have been made on a pre-tax or tax-deductible basis.

We do not assess the withdrawal charge on any amounts paid out as:

● income payments during your Contract’s income phase (but the withdrawal charge is deducted at the Income Date if income payments are commenced in the first Contract Year);  

● 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);  

● if permitted by your state, withdrawals of up to $250,000 from the Investment Divisions, the Fixed Account (subject to certain exclusions) and the GMWB Fixed Account if you incur a terminal illness or if you need extended hospital or nursing home care as provided in your Contract; or  

● if permitted by your state, withdrawals of up to 25% (12 1/2% for each of two joint Owners) of your Contract Value from the Investment Divisions, the Fixed Account (subject to certain exclusions) and the GMWB Fixed Accountif you incur certain serious medical conditions specified in your Contract.

We may reduce or eliminate the amount of the withdrawal charge when the Contract is sold under circumstances that reduce our sales expense.  Some examples are the purchase of a Contract by a large group of individuals or an existing relationship between us and a prospective purchaser.  We may not deduct a withdrawal charge under a Contract issued to an officer, director, agent or employee of Jackson or any of our affiliates.

Earnings Protection Benefit (“EarningsMax”) Charge.If you select the Earnings Protection Benefit endorsement, you may pay us a charge that equals 0.30% (for a maximum of 0.45%) on an annual basis of the average daily net asset value of your allocations to the Investment Divisions.  The charge on currently offered Contracts may be less.  Please check with your representative to learn about the current level of the charge and its availability in your state.  This charge continues if you transfer ownership of the Contract to someone who would not have been eligible for the Earnings Protection Benefit upon application (75 years old or younger), even though the benefit is not payable.  If your spouse elects to continue the Contract under the Special Spousal Continuation Option

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(please see “Special Spousal Continuation Option”  on page 142 ), the charge will continue to be assessed unless your spouse elects to discontinue the Earnings Protection Benefit, at which time the charge will cease.  We stop deducting this charge on the date you annuitize.

Contract Enhancement Charge.

PLEASE NOTE: EFFECTIVE OCTOBER 15, 2012, THESE ENDORSEMENTS ARE NOT CURRENTLY AVAILABLE TO ADD TO A CONTRACT.

If you select one of the Contract Enhancements, then for a period of seven Contract Years (five for the 2% Contract Enhancement) a charge will be imposed based upon the average daily net asset value of your allocations to the Investment Divisions.  These charges will also be assessed against any amounts allocated to the Fixed Account Options and the GMWB Fixed Account by reducing credited rates by the applicable charge percentage, but not below the minimum guaranteed interest rate (assuming no withdrawals).  (For more information about the Fixed Account Options and the GMWB Fixed Account, please see “THE FIXED ACCOUNT AND GMWB FIXED ACCOUNT” beginning on page 14.)  The amounts of these charges (or reductions in credited rates) depends upon which of the Contract Enhancements you select:

Contract Enhancement	2%	3%	4%	5%
Charge (on an annual basis)	0.395%	0.42%	0.56%	0.695%

Due to the Contract Enhancement charges listed above, it is possible that upon a total withdrawal, you will receive less money back than if you had not elected the Contract Enhancement.

Contract Enhancement Recapture Charge.

PLEASE NOTE: EFFECTIVE OCTOBER 15, 2012, THESE ENDORSEMENTS ARE NOT CURRENTLY AVAILABLE TO ADD TO A CONTRACT.

If you select an optional Contract Enhancement and make a partial or total withdrawal from your Contract in the first seven Contract Years after a Premium is received (five Contract Years for the 2% Contract Enhancement), you will pay a Contract Enhancement recapture charge that reimburses us for all or part of the Contract Enhancements that we credited to your Contract based on your Premiums.  The recapture charge is applied to withdrawals when:

● the Contract is returned during the free look period;  

● 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);  

● there is a total withdrawal;  

● there is a total withdrawal due to annuitizing the Contract and the corresponding Income Date is within the recapture charge schedule (see Example 3 in Appendix B).

The percentage amount of the recapture charge depends upon (i) the corresponding declining amount of the Contract Enhancement based on the Contract Year when the Premium payment being withdrawn was received and (ii) when the charge is imposed based on the Completed Years since the receipt of the related Premium.  The percentage amounts of the recapture charges are as follows (please see the examples in Appendix B showing how these recapture charges are applied to withdrawals):

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Contract Enhancement Recapture Charge (as a percentage of the corresponding Premium payment withdrawn if an optional Contract Enhancement is selected)

2% Contract Enhancement

	Contract Year Premium is Received
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%

3% Contract Enhancement

	Contract Year Premium is Received
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%

4% Contract Enhancement

	Contract Year Premium is Received
Completed Years Since Receipt of Premium	0-1	1-2	2-3	3-4	4-5	5-6	6-7	7+
0-1	4%	4%	2.50%	2.50%	2.50%	1.25%	1.25%	0%
1-2	4%	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%

5% Contract Enhancement

	Contract Year Premium is Received
Completed Years Since Receipt of Premium	0-1	1-2	2-3	3-4	4-5	5-6	6-7	7+
0-1	4.50%	3.75%	3.25%	2.75%	2%	1.25%	1%	0%
1-2	3.75%	3.25%	2.75%	2%	1.25%	1%	0%	0%
2-3	3.25%	2.75%	2%	1.25%	1%	0%	0%	0%
3-4	2.75%	2%	1.25%	1%	0%	0%	0%	0%
4-5	2%	1.25%	1%	0%	0%	0%	0%	0%
5-6	1.25%	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%

If you return your Contract during the free look period, the entire amount of any Contract Enhancement will be recaptured.

The recapture charge percentage will be applied to the corresponding Premium reflected in the amount withdrawn or to the corresponding Premium reflected in the amount applied to income payments.  (Please see the examples in Appendix B.)  The amount recaptured will be taken from the Investment Divisions and the Fixed Account (and the GMWB Fixed Account, if applicable)in the proportion their respective values bear to the Contract Value.  The dollar amount recaptured from the corresponding Premium will

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never exceed the dollar amount of the Contract Enhancement added to the Contract with respect to that Premium payment.  Recapture charges will be applied upon electing to receive income payments if the corresponding Income Date is within the recapture charge schedule, even in a situation where the withdrawal charge is waived (see Example 3 in Appendix B).

We expect to make a profit on the recapture charge, and examples in Appendix B may assist you in understanding how the recapture charge works.  However, we do not assess the recapture charge on any amounts paid out as:

● death benefits;  

● withdrawals taken under the additional 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);  

● if permitted by your state, additional withdrawals of up to $250,000 from the Separate Account, the Fixed Account Options (subject to certain exclusions) and the GMWB Fixed Account if you incur a terminal illness or if you need extended hospital or nursing home care as provided in your Contract; or  

● if permitted by your state, additional withdrawals of up to 25% (12 1/2% for each of two joint Owners) of your Contract Value from the Separate Account, the Fixed Account Options (subject to certain exclusions) and the GMWB Fixed Account if you incur certain serious medical conditions specified in your Contract.

Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up (“SafeGuard Max”) Charge.

PLEASE NOTE: EFFECTIVE APRIL 29, 2013, THIS ENDORSEMENT IS NO LONGER AVAILABLE TO ADD TO A CONTRACT.

The charge for this GMWB begins when the endorsement is added to the Contract and is expressed as an annual percentage of the GWB (see table below).    For more information about the GWB, please see “Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up” beginning on page 59 .

Annual Charge	Maximum		Current
	1.20%	(WA Only) 1.20%	0.60%	(WA Only) 0.60%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

We deduct the charge from your Contract Value on a pro rata basis over each applicable Investment Division and the Fixed Account. In Washington State, the monthly charges are also pro rata, but deducted over the applicable Investment Divisions only.  With the Investment Divisions, we deduct the charge by canceling Accumulation Units rather than as part of the calculation to determine Accumulation Unit Value.  While the charge is deducted from Contract Value, it is based on the applicable percentage of the GWB.  Upon termination of the endorsement, the charge is prorated for the period since the last quarterly or monthly charge.

We reserve the right to prospectively change the charge: on new Contracts; if you elect this benefit after your Contract is issued (subject to availability); or upon election of a step-up – subject to the applicable maximum charge. The actual deduction of the charge will be reflected in your quarterly statement.  We stop deducting this charge on the earlier date that you annuitize the Contract, or your Contract Value is zero.  Please check with your representative to learn about the current level of the charge, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus.  In addition, please consult the representative to be sure if a step-up is right for you and about any increase in charges upon a step-up.  Upon election of the GMWB and a step-up, the applicable GMWB charge will be reflected in your confirmation.  For more information about how the endorsement works, please see “Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up” beginning on page 59 .  Also see “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  58 for additional important information to consider when purchasing a Guaranteed Minimum Withdrawal Benefit.

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5% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up (“AutoGuard 5”) Charge.

The charge for this GMWB begins when the endorsement is added to the Contract and is expressed as an annual percentage of the GWB (see table below).  For more information about the GWB, please see “5% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up” beginning on page 64 .

Annual Charge	Maximum		Current
	1.70%	(WA Only) 1.74%	0.85%	(WA Only) 0.87%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

You pay the applicable percentage of the GWB each Contract Quarter.  For Contracts purchased in Washington State, you pay the applicable percentage of the GWB each Contract Month.The actual deduction of the charge will be reflected in your quarterly statement.

We deduct the charge from your Contract Value on a pro rata basis over each applicable Investment Division and the Fixed Account.  In Washington State, the monthly charges are also pro rata, but deducted over the applicable Investment Divisions only.  With the Investment Divisions, we deduct the charge by canceling Accumulation Units rather than as part of the calculation to determine Accumulation Unit Value.  While the charge is deducted from the Contract Value, it is based on the applicable percentage of the GWB.  Upon termination of the endorsement, including upon conversion (if conversion is permitted), the charge is prorated for the period since the last quarterly or monthly charge.

We reserve the right to prospectively change the charge: on new Contracts or if you select this benefit after your Contract is issued (subject to availability), subject to the maximum annual charge. We may also change the charge when there is a step-up on or after the second Contract Anniversary, again subject to the maximum annual charge.  In this case, if the GMWB charge is to increase, a notice will be sent to you 45 days prior to the Contract Anniversary or Contract Quarterly Anniversary. You may then elect to discontinue the automatic step-up provision and the GMWB charge will not increase but remain at its then current level.  While electing to discontinue the automatic step-ups will prevent an increase in the charge, discontinuing step-ups also means foregoing possible increases in your GWB and/or GAWA, so carefully consider this decision should we notify you of a charge increase.  You may subsequently elect to reinstate the step-up provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary or Contract Quarterly Anniversary following receipt of the request in Good Order within 30 calendar days prior to the Contract Anniversary or Contract Quarterly Anniversary.

We stop deducting this charge on the earlier of the date that the GMWB is terminated or your Contract Value is zero.  Please check with your representative to learn about the current level of the charge, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus.  In addition, please consult the representative to be sure if a step-up is right for you and about any increase in charges upon a step-up.  Upon election of the GMWB and a step-up, the applicable GMWB charge will be reflected in your confirmation.  For more information about how the endorsement works, please see “5% Guaranteed Minimum Withdrawal Benefit with Annual Step-Up (AutoGuard 5)” beginning on page 64 .  Also see “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  58 for additional important information to consider when purchasing a Guaranteed Minimum Withdrawal Benefit.

6% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up (“AutoGuard 6”) Charge.

PLEASE NOTE: EFFECTIVE APRIL 29, 2013, THIS ENDORSEMENT IS NO LONGER AVAILABLE TO ADD TO A CONTRACT.

The charge for this GMWB begins when the endorsement is added to the Contract and is expressed as an annual percentage of the GWB (see table below). For more information about the GWB, please see “6% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up” beginning on page 67 .

Annual Charge	Maximum		Current
	2.00%	(WA Only) 2.04%	1.00%	(WA Only) 1.02%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

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You pay the applicable percentage of the GWB each Contract Quarter.  For Contracts purchased in Washington State, you pay the applicable percentage of the GWB each Contract Month.  The actual deduction of the charge will be reflected in your quarterly statement.

We deduct the charge from your Contract Value on a pro rata basis over each applicable Investment Division and the Fixed Account.  In Washington State, the monthly charges are also pro rata, but deducted over the applicable Investment Divisions only.  With the Investment Divisions, we deduct the charge by canceling Accumulation Units rather than as part of the calculation to determine Accumulation Unit Value.  While the charge is deducted from the Contract Value, it is based on the applicable percentage of the GWB.  Upon termination of the endorsement, including upon conversion (if conversion is permitted), the charge is prorated for the period since the last quarterly or monthly charge.

We reserve the right to prospectively change the charge: on new Contracts or if you select this benefit after your Contract is issued (subject to availability), subject to the maximum annual charge.  We may also change the charge when there is a step-up on or after the second Contract Anniversary, again subject to the maximum annual charge.  In this case, if the GMWB charge is to increase, a notice will be sent to you 45 days prior to the Contract Anniversary or Contract Quarterly Anniversary.  You may then elect to discontinue the automatic step-up provision and the GMWB charge will not increase but remain at its then current level.  While electing to discontinue the automatic step-ups will prevent an increase in the charge, discontinuing step-ups also means foregoing possible increases in your GWB and/or GAWA, so carefully consider this decision should we notify you of a charge increase.  Also know that you may subsequently elect to reinstate the step-up provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary or Contract Quarterly Anniversary following receipt of the request in Good Order within 30 calendar days prior to the Contract Anniversary or Contract Quarterly Anniversary.

We stop deducting this charge on the earlier of the date that the GMWB is terminated, or your Contract Value is zero.  Please check with your representative to learn about the current level of the charge, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus.  In addition, please consult the representative to be sure if a step-up is right for you and about any increase in charges upon a step-up.  Upon election of the GMWB and a step-up, the applicable GMWB charge will be reflected in your confirmation.  For more information about how the endorsement works, please see “6% Guaranteed Minimum Withdrawal Benefit with Annual Step-Up (AutoGuard 6)” beginning on page 67 .  Also see “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  58 for additional important information to consider when purchasing a Guaranteed Minimum Withdrawal Benefit.

For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up and Transfer of Assets (“Jackson Select Protector GMWB”) Charge.

PLEASE NOTE: EFFECTIVE APRIL 29, 2013, THIS ENDORSEMENT IS NO LONGER AVAILABLE TO ADD TO A CONTRACT.

The charge for this GMWB begins when the endorsement is added to the Contract and is expressed as an annual percentage of the GWB (see table below).  For more information about the GWB, please see “For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up and Transfer of Assets (Jackson Select Protector GMWB)” beginning on page 70 .

Annual Charge	Maximum		Current
	2.30%	(WA Only) 2.34%	1.15%	(WA Only) 1.17%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly		Monthly

You pay the applicable annual percentage of the GWB each Contract Quarter.  For Contracts purchased in Washington State, you pay the charge each Contract Month, which charge is waived at the end of a Contract Month to the extent it exceeds the amount of your Contract Value allocated to the Investment Divisions.  We deduct the charge from your Contract Value.  The deduction of the charge could cause an automatic transfer under this GMWB’s Transfer of Assets provision.  For more information, please see “Transfer of Assets” under “For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up and Transfer of Assets” beginning on page 76 .

Quarterly charges are pro rata deducted over each applicable Investment Division, the Fixed Account and the GMWB Fixed Account.  In Washington State, themonthly charges are also pro rata, but deducted overthe applicable Investment Divisions only.  With the Investment Divisions, we deduct the charge by canceling Accumulation Units rather than as part of the calculation to determine Accumulation Unit Value.  While the charge is deducted from the Contract Value, it is based on the applicable percentage of the GWB.  Upon termination of the endorsement, including upon conversion (if conversion is permitted), the charge is prorated for the period since the last quarterly or monthly charge.

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We reserve the right to prospectively change the charge on new Contracts or if you select this benefit after your Contract is issued (subject to availability), subject to the applicable maximum annual charge.  We may also change the charge when there is a step-up on or after the second Contract Anniversary, again subject to the applicable maximum annual charge.  If the GMWB charge is to increase, a notice will be sent to you 45 days prior to the Contract Anniversary.  You may then elect to discontinue the automatic step-up provision and the GMWB charge will not increase but remain at its then current level.  Such election must be received in Good Order prior to the Contract Anniversary.  While electing to discontinue the automatic step-ups will prevent an increase in charge, discontinuing step-ups also means foregoing possible increases in your GWB and/or GAWA so carefully consider this decision should we notify you of a charge increase.  Also know that you may subsequently elect to reinstate the step-up provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary following receipt of the request in Good Order within 30 calendar days prior to the Contract Anniversary.

The actual deduction of the charge will be reflected in your quarterly statement.  You will continue to pay the charge for the endorsement through the earlier of the date that you annuitize the Contract or your Contract Value is zero.  Also, we will stop deducting the charge under the other circumstances that would cause the endorsement to terminate.  For more information, please see “Termination” under “For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up and Transfer of Assets” beginning on page 79 .  Please check with your representative to learn about the current level of the charge and the current interest rate for the GMWB Fixed Account, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus.  In addition, please consult the representative to be sure if a step-up is right for you and about any increase in charges upon a step-up.  Upon election of the GMWB and upon automatic step-up on or after the second Contract Anniversary, the applicable GMWB charge will be reflected in your confirmation.  For more information about how the endorsement works, please see “For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up and Transfer of Assets” beginning on page 70 .  Also see “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  58 for additional important information to consider when purchasing a Guaranteed Minimum Withdrawal Benefit.

For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount (with and without Optional Income Upgrade Table) (“LifeGuard Freedom 6 Net”) Charge.  The charge for this GMWB begins when the endorsement is added to the Contract and is expressed as an annual percentage of the GWB.  The percentage varies depending on whether you elect the Optional Income Upgrade Table which provides a higher GAWA percentage at an increased charge (see table below).  For more information about the GWB, please see “For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount” beginning on page 80 .

GMWBS ISSUED ON OR AFTER APRIL 29, 2013 *

Annual Charge	Maximum		Current
For endorsements purchased without Optional Income Upgrade Table	2.50%	( MO and WA Only) 2.52%	1.25%	( MO and WA Only) 1.26%
For endorsements purchased with Optional Income Upgrade Table	3.00%	( MO and WA Only) 3.00%	1.50%	( MO and WA Only) 1.50%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*In Missouri, these charges apply to GMWBs issued on or after September 16, 2013.

GMWBS ISSUED BEFORE APRIL 29, 2013 *

Annual Charge	Maximum		Current
For endorsements purchased without Optional Income Upgrade Table	2.20%	(WA Only) 2.22%	1.10%	(WA Only) 1.11%
For endorsements purchased with Optional Income Upgrade Table	2.70%	(WA Only) 2.70%	1.35%	(WA Only) 1.35%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*In Missouri, these charges apply to GMWBs issued before September 16, 2013.

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You pay the applicable annual percentage of the GWB each Contract Quarter.  For Contracts purchased in Missouri (for endorsements issued on or after September 16, 2013) and Washington State, you pay the charge each Contract Month, which charge is waived at the end of a Contract Month to the extent it exceeds the amount of your Contract Value allocated to the Investment Divisions.

We deduct the charge from your Contract Value.  Quarterly charges are pro rata deducted over each applicable Investment Division and the Fixed Account.  In Missouri (for endorsements issued on or after September 16, 2013) and Washington State, the monthly charges are also pro rata, but deducted over the applicable Investment Divisions only.  With the Investment Divisions, we deduct the charge by canceling Accumulation Units rather than as part of the calculation to determine Accumulation Unit Value.  While the charge is deducted from Contract Value, it is based on the applicable percentage of the GWB.  Upon termination of the endorsement, including upon conversion (if conversion is permitted), the charge is prorated for the period since the last quarterly or monthly charge.

We reserve the right to prospectively change the charge on new Contracts or if you select this benefit after your Contract is issued (subject to availability), subject to the applicable maximum annual charge.  We may also change the charge when there is a step-up on or after the second Contract Anniversary, again subject to the maximum annual charge.  If the GMWB charge is to increase, a notice will be sent to you 45 days prior to the Contract Anniversary.  You may then elect to discontinue the automatic step-up provision and the GMWB charge will not increase but remain at its then current level.  Please be aware that election to discontinue the automatic step-ups will also discontinue the application of the GWB bonus.  While electing to discontinue the automatic step-ups will prevent an increase in charge, discontinuing step-ups and, therefore, discontinuing application of the GWB bonus also means foregoing possible increases in your GWB and/or GAWA so carefully consider this decision should we notify you of a charge increase.  Also know that you may subsequently elect to reinstate the step-up provision together with the GWB bonus provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary following receipt of the request in Good Order.

The actual deduction of the charge will be reflected in your quarterly statement.You will continue to pay the charge for the endorsement through the earlier date that you annuitize the Contract or your Contract Value is zero.  Also, we will stop deducting the charge under the other circumstances that would cause the endorsement to terminate.  For more information, please see “Termination” under “For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount” beginning on page 89 .  Please check with your representative to learn about the current level of the charge, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus.  In addition, please consult the representative to be sure if a step-up is right for you and about any increase in charges upon a step-up.  Upon election of the GMWB and a step-up, the applicable GMWB charge will be reflected in your confirmation.For more information about how the endorsement works, please see “For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount” beginning on page 80 .  Also see “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  58 for additional important information to consider when purchasing a Guaranteed Minimum Withdrawal Benefit.

Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount (with and without Optional Income Upgrade Table) (“LifeGuard Freedom 6 Net With Joint Option”) Charge. The charge for this GMWB begins when the endorsement is added to the Contract and is expressed as an annual percentage of the GWB.  The percentage varies depending on whether you elect the Optional Income Upgrade Table which provides a higher GAWA percentage at an increased charge (see table below).  For more information about the GWB, please see “Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount” beginning on page 92 .

GMWBS ISSUED ON OR AFTER SEPTEMBER 16, 2013*
Annual Charge	Maximum		Current
	3.00%	( MO and   WA Only) 3.00%	1.60%	( MO and WA Only) 1.62%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*On or after September 16, 2013, the Optional Income Upgrade Table is no longer available with this GMWB.

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GMWBS ISSUED BEFORE SEPTEMBER 16, 2013

Annual Charge	Maximum		Current
For endorsements purchased without Optional Income Upgrade Table	3.00%	(WA Only) 3.00%	1.55%	(WA Only) 1.56%
For endorsements purchased with Optional Income Upgrade Table	3.00%	(WA Only) 3.00%	1.80%	(WA Only) 1.80%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

You pay the applicable annual percentage of the GWB each Contract Quarter.  For Contracts purchased in Missouri (for endorsements issued on or after September 16, 2013) and Washington State, you pay the charge each Contract Month, which charge is waived at the end of a Contract Month to the extent it exceeds the amount of your Contract Value allocated to the Investment Divisions.

We deduct the charge from your Contract Value.  Quarterly charges are pro rata deducted over each applicable Investment Division and the Fixed Account.  In Missouri (for endorsements issued on or after September 16, 2013) and Washington State, the monthly charges are also pro rata, but deducted over the applicable Investment Divisions only.  With the Investment Divisions, we deduct the charge by canceling Accumulation Units rather than as part of the calculation to determine Accumulation Unit Value.  While the charge is deducted from Contract Value, it is based on the applicable percentage of the GWB.  Upon termination of the endorsement, including upon conversion (if conversion is permitted), the charge is prorated for the period since the last quarterly or monthly charge.

We reserve the right to prospectively change the charge on new Contracts or if you select this benefit after your Contract is issued (subject to availability), subject to the applicable maximum annual charge.  We may also change the charge when there is a step-up on or after the second Contract Anniversary, again subject to the maximum annual charge.  If the GMWB charge is to increase, a notice will be sent to you 45 days prior to the Contract Anniversary.  You may then elect to discontinue the automatic step-up provision and the GMWB charge will not increase but remain at its then current level.  Please be aware that election to discontinue the automatic step-ups will also discontinue the application of the GWB bonus.  While electing to discontinue the automatic step-ups will prevent an increase in charge, discontinuing step-ups and, therefore, discontinuing application of the GWB bonus also means foregoing possible increases in your GWB and/or GAWA so carefully consider this decision should we notify you of a charge increase.  Also know that you may subsequently elect to reinstate the step-up provision together with the GWB bonus provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary following receipt of the request in Good Order.

The actual deduction of the charge will be reflected in your quarterly statement.You will continue to pay the charge for the endorsement through the earlier date that you annuitize the Contract or your Contract Value is zero.  Also, we will stop deducting the charge under the other circumstances that would cause the endorsement to terminate.  For more information, please see “Termination” under “Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount” beginning on page 102 .  Please check with your representative to learn about the current level of the charge, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus.  In addition, please consult the representative to be sure if a step-up is right for you and about any increase in charges upon a step-up.  Upon election of the GMWB and a step-up, the applicable GMWB charge will be reflected in your confirmation.For more information about how the endorsement works, please see “Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount” beginning on page 92 .  Also see “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page 58 for additional important information to consider when purchasing a Guaranteed Minimum Withdrawal Benefit.

For Life Guaranteed Minimum Withdrawal Benefit With Bonus And Step-Up (with and without Optional Income Upgrade Table) (“LifeGuard Freedom Flex GMWB”) Charge.The charge for this GMWB begins when the endorsement is added to the Contract and is expressed as an annual percentage of the GWB.  The percentage varies depending on whether you elect the Optional Income Upgrade Table which provides a higher GAWA percentage at an increased charge (see tables below).  For more information about the GWB, please see “LifeGuard Freedom Flex GMWB” beginning on page 106 .

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GMWBS ISSUED ON OR AFTER APRIL 29, 2013 *

LifeGuard Freedom Flex GMWB Without Optional Income Upgrade Table
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	2.00%	( MO and WA Only) 2.04%	1.00%	( MO and WA Only) 1.02%
6% Bonus and Annual Step-Up	2.20%	2.22%	1.10%	1.11%
7% Bonus and Annual Step-Up	2.50%	2.52%	1.25%	1.26%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

LifeGuard Freedom Flex GMWB With Optional Income Upgrade Table
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	2.50%	( MO and WA Only) 2.52%	1.25%	( MO and WA Only) 1.26%
6% Bonus and Annual Step-Up	2.70%	2.70%	1.35%	1.35%
7% Bonus and Annual Step-Up	3.00%	3.00%	1.50%	1.50%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*In Missouri, these charges apply to GMWBs issued on or after September 16, 2013.

GMWBS ISSUED BEFORE APRIL 29, 2013 *

LifeGuard Freedom Flex GMWB Without Optional Income Upgrade Table
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	1.80%	(WA Only) 1.80%	0.90%	(WA Only) 0.90%
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)	2.00%	2.04%	1.00%	1.02%
6% Bonus and Annual Step-Up	1.90%	1.92%	0.95%	0.96%
6% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)	2.20%	2.22%	1.10%	1.11%
7% Bonus and Annual Step-Up	2.20%	2.22%	1.10%	1.11%
7% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)	2.50%	2.52%	1.25%	1.26%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

LifeGuard Freedom Flex GMWB With Optional Income Upgrade Table
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	2.30%	(WA Only) 2.34%	1.15%	(WA Only) 1.17%
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after April 29, 2013)	2.50%	2.52%	1.25%	1.26%
6% Bonus and Annual Step-Up	2.40%	2.40%	1.20%	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%	2.70%	1.35%	1.35%
7% Bonus and Annual Step-Up	2.70%	2.70%	1.35%	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%	3.00%	1.50%	1.50%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*In Missouri, these charges apply to GMWBs issued before September 16, 2013.

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You pay the applicable annual percentage of the GWB each Contract Quarter.  For Contracts purchased in Missouri (for endorsements issued on or after September 16, 2013) and Washington State, you pay the charge each Contract Month, which charge is waived at the end of a Contract Month to the extent it exceeds the amount of your Contract Value allocated to the Investment Divisions.

We deduct the charge from your Contract Value.  Quarterly charges are pro rata deducted over each applicable Investment Division and the Fixed Account.  In Missouri (for endorsements issued on or after September 16, 2013) and Washington State, the monthly charges are also pro rata, but deducted over the applicable Investment Divisions only.  With the Investment Divisions, we deduct the charge by canceling Accumulation Units rather than as part of the calculation to determine Accumulation Unit Value.  While the charge is deducted from Contract Value, it is based on the applicable percentage of the GWB.  Upon termination of the endorsement, including upon conversion (if conversion is permitted), the charge is prorated for the period since the last quarterly or monthly charge.

We reserve the right to prospectively change the charge on new Contracts, or if you select this benefit after your Contract is issued (subject to availability), subject to the applicable maximum annual charge.  We may also change the charge when there is a step-up on or after the second Contract Anniversary, again subject to the maximum annual charge.  If the GMWB charge is to increase, a notice will be sent to you 45 days prior to the Contract Anniversary.  You may then elect to discontinue the automatic step-up provision and the GMWB charge will not increase but remain at its then current level.  Please be aware that election to discontinue the automatic step-ups will also discontinue the application of the GWB bonus.  While electing to discontinue the automatic step-ups will prevent an increase in the charge, discontinuing step-ups and, therefore, discontinuing application of the GWB bonus also means foregoing possible increases in your GWB and/or GAWA so carefully consider this decision should we notify you of a charge increase.  Also know that you may subsequently elect to reinstate the step-up provision together with the GWB bonus provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary following receipt of the request in Good Order.

The actual deduction of the charge will be reflected in your quarterly statement.You will continue to pay the charge for the endorsement through the earlier date that you annuitize the Contract or your Contract Value is zero.  We will, however, stop deducting the charge under the other circumstances that would cause the endorsement to terminate.  For more information, please see “Termination” under “LifeGuard Freedom Flex GMWB” beginning on page 114 .  Please check with your representative to learn about the current level of the charge, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus.  In addition, please consult the representative to be sure if a step-up is right for you and about any increase in charges upon a step-up.  Upon election of the GMWB and a step-up, the applicable GMWB charge will be reflected in your confirmation.For more information about how the endorsement works, please see “LifeGuard Freedom Flex GMWB” beginning on page 106 .  Also see “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  58 for additional important information to consider when purchasing a Guaranteed Minimum Withdrawal Benefit.

Note: The above section describes the charge for the LifeGuard Freedom Flex GMWB only.  If you purchase the LifeGuard Freedom Flex DB, additional charges apply for that benefit.  Please see “LifeGuard Freedom Flex DB” under “Contract Charges”, in the part entitled “Death Benefit Charges”, beginning on page  45 for details.

Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus And Step-Up (with and without Optional Income Upgrade Table) (“LifeGuard Freedom Flex With Joint Option GMWB”) Charge. The charge for this GMWB begins when the endorsement is added to the Contract and is expressed as an annual percentage of the GWB.  The percentage varies depending on whether you elect the Optional Income Upgrade Table which provides a higher GAWA percentage at an increased charge (see table below).  For more information about the GWB, please see “LifeGuard Freedom Flex With Joint Option” beginning on page 116 .

GMWBS ISSUED ON OR AFTER SEPTEMBER 16, 2013* LifeGuard Freedom Flex With Joint Option GMWB
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	2.70%	( MO and WA Only) 2.70%	1.35%	( MO and WA Only) 1.35%
6% Bonus and Annual Step-Up	2.90%	2.94%	1.45%	1.47%
7% Bonus and Annual Step-Up	3.00%	3.00%	1.60%	1.62%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

*On or after September 16, 2013, the Optional Income Upgrade Table is no longer available with this GMWB.

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GMWBS ISSUED BEFORE SEPTEMBER 16, 2013

LifeGuard Freedom Flex With Joint Option GMWB Without Optional Income Upgrade Table
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	2.10%	(WA Only) 2.10%	1.05%	(WA Only) 1.05%
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value	2.50%	2.52%	1.25%	1.26%
6% Bonus and Annual Step-Up	2.50%	2.52%	1.25%	1.26%
6% Bonus and Annual Step-Up to the Highest Quarterly Contract Value (no longer offered on or after September 10, 2012)	3.00%	3.00%	1.50%	1.50%
7% Bonus and Annual Step-Up (no longer offered on or after September 10, 2012)	3.00%	3.00%	1.50%	1.50%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

LifeGuard Freedom Flex With Joint Option GMWB With Optional Income Upgrade Table
Options	Maximum Annual Charge		Current Annual Charge
5% Bonus and Annual Step-Up	2.60%	(WA Only) 2.64%	1.30%	(WA Only) 1.32%
5% Bonus and Annual Step-Up to the Highest Quarterly Contract Value	3.00%	3.00%	1.50%	1.50%
6% Bonus and Annual Step-Up	3.00%	3.00%	1.50%	1.50%
Charge Basis	GWB
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

You pay the applicable annual percentage of the GWB each Contract Quarter.  For Contracts purchased in Missouri (for endorsements issued on or after September 16, 2013) and Washington State, you pay the charge each Contract Month, which charge is waived at the end of a Contract Month to the extent it exceeds the amount of your Contract Value allocated to the Investment Divisions.

We deduct the charge from your Contract Value.  Quarterly charges are pro rata deducted over each applicable Investment Division and the Fixed Account.  In Missouri (for endorsements issued on or after September 16, 2013) and Washington State, the monthly charges are also pro rata, but deducted over the applicable Investment Divisions only.  With the Investment Divisions, we deduct the charge by canceling Accumulation Units rather than as part of the calculation to determine Accumulation Unit Value.  While the charge is deducted from Contract Value, it is based on the applicable percentage of the GWB.  Upon termination of the endorsement, including upon conversion (if conversion is permitted), the charge is prorated for the period since the last quarterly or monthly charge.

We reserve the right to prospectively change the charge on new Contracts, or if you select this benefit after your Contract is issued (subject to availability), subject to the applicable maximum annual charge.  We may also change the charge when there is a step-up on or after the second Contract Anniversary, again subject to the maximum annual charge.  If the GMWB charge is to increase, a notice will be sent to you 45 days prior to the Contract Anniversary.  You may then elect to discontinue the automatic step-up provision and the GMWB charge will not increase but remain at its then current level.  Please be aware that election to discontinue the automatic step-ups will also discontinue the application of the GWB bonus.  While electing to discontinue the automatic step-ups will prevent an increase in the charge, discontinuing step-ups and, therefore, discontinuing application of the GWB bonus also means foregoing possible increases in your GWB and/or GAWA so carefully consider this decision should we notify you of a charge increase.  Also know that you may subsequently elect to reinstate the step-up provision together with the GWB bonus provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary following receipt of the request in Good Order. The actual deduction of the charge will be reflected in your quarterly statement.You will continue to pay the charge for the endorsement through the earlier date that you annuitize the Contract or your Contract Value is zero.  We will, however, stop deducting the charge under the other circumstances that would cause the endorsement to terminate.  For more information, please see “Termination” under “LifeGuard Freedom Flex With Joint Option GMWB” beginning on page 125 .  Please check with your representative to learn about the current level of the charge, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus.  In addition, please consult the representative to be sure if a step-up is right for you and about any increase in charges upon a step-up.  Upon election of the GMWB and a step-up, the applicable GMWB charge will be reflected in your confirmation.For more information about how the endorsement works, please see “LifeGuard Freedom Flex With Joint Option GMWB” beginning on page 116 .  Also see “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  58 for additional important information to consider when purchasing a Guaranteed Minimum Withdrawal Benefit.

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Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard Stretch GMWB”) Charge.The charge for this GMWB begins when the endorsement is added to the Contract and is expressed as an annual percentage of the GMWB Charge Base (see table below).

Annual Charge	Maximum		Current
	2.20%	(WA Only) 2.22%	1.10%	(WA Only) 1.11%
Charge Basis	GMWB Charge Base
Charge Frequency	Quarterly	Monthly	Quarterly	Monthly

GMWB Charge Base.  At election, the GMWB Charge Base is equal to the Guaranteed Withdrawal Balance (“GWB”).  After each subsequent purchase payment, the GMWB Charge Base is increased by the amount of the purchase payment net of any applicable Premium taxes, subject to a maximum of $5,000,000.  The GMWB Charge Base is not reduced for withdrawals unless a withdrawal, plus all prior withdrawals in the current Contract Year, exceeds the greater of the GAWA or Stretch RMD, as applicable. In this case, the GMWB Charge Base is reduced for the Excess Withdrawal amount in the same proportion as the Contract Value is reduced by the Excess Withdrawal. 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 Stretch RMD, as applicable.

For more information about the GAWA and Stretch RMD, please see “Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard Stretch GMWB”) beginning on page 127 .

We deduct the charge from your Contract Value on a pro rata basis over each applicable Investment Division and the Fixed Account. In Washington State, the monthly charges are also pro rata, but deducted over the applicable Investment Divisions only.  With the Investment Divisions, we deduct the charge by canceling Accumulation Units rather than as part of the calculation to determine Accumulation Unit Value.  While the charge is deducted from Contract Value, it is based on the applicable percentage of the GMWB Charge Base.  Upon termination of the endorsement, the charge is prorated for the period since the last quarterly or monthly charge.

We reserve the right to prospectively change the charge on new Contracts, or elections after issue (subject to availability) subject to the applicable maximum charge. The actual deduction of the charge will be reflected in your quarterly statement.  We stop deducting this charge on the earlier of the date the endorsement terminates, or the date your Contract Value is zero.  Please check with your representative to learn about the current level of the charge, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus.  For more information about how the endorsement works, please see “Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (‘MarketGuard Stretch GMWB’)” beginning on page 127 .  Also see “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  58 for additional important information to consider when purchasing a Guaranteed Minimum Withdrawal Benefit.

Death Benefit Charges.There is no additional charge for the Contract’s basic death benefit.  However, for an additional charge, you may select one of the Contract’s available optional death benefits in place of the basic death benefit.  Please ask your agent whether there are variations on these benefits in your state or contact our Annuity Service Center.  Our contact information is on the cover page of this prospectus.

If you select the 5% Roll-up Death Benefit, you will pay 0.20% of the GMDB Benefit Base for this benefit each Contract Quarter (0.80% annually), subject to a maximum quarterly charge of 0.30% (1.20% annually) on new issues.  We deduct the charge from your Contract Value.  The charge is pro rata deducted over each applicable Investment Division and the Fixed Account.  The charge is deducted from the Investment Divisions by the redemption of Accumulation Units attributable to your Contract rather than as an asset based charge applied to the assets of all Contract Owners who elected the optional death benefit.  The charge is deducted from the Fixed Account by a dollar reduction in the Fixed Account Contract Value.  While the charge is deducted from Contract Value, it is calculated based on the applicable percentage of the GMDB Benefit Base.  Upon termination of the endorsement, the charge is prorated for the period since the last quarterly charge.  For more information about how the endorsement works, including this benefit’s GMDB Benefit Base, please see “5% Roll-up Death Benefit” under “Optional Death Benefits”, beginning on page 137 .

If you select the Highest Quarterly Anniversary Value Death Benefit, you will pay 0.075% of the GMDB Benefit Base for this benefit each Contract Quarter (0.30% annually), subject to a maximum quarterly charge of 0.15% (0.60% annually) on new issues.  We deduct the charge from your Contract Value.  The charge is pro rata deducted over each applicable Investment Division and the Fixed Account.  The charge is deducted from the Investment Divisions by the redemption of Accumulation Units attributable to your Contract rather than as an asset

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based charge applied to the assets of all Contract Owners who elected the optional death benefit.  The charge is deducted from the Fixed Account by a dollar reduction in the Fixed Account Contract Value.  While the charge is deducted from Contract Value, it is calculated based on the applicable percentage of the GMDB Benefit Base.  Upon termination of the endorsement, the charge is prorated for the period since the last quarterly charge.  For more information about how the endorsement works, including this benefit’s GMDB Benefit Base, please see “Highest Quarterly Anniversary Value Death Benefit” under “Optional Death Benefits”, beginning on page 138 .

If you select the Combination 5% Roll-up and Highest Quarterly Anniversary Value Death Benefit, you will pay 0.225% of the GMDB Benefit Base for this benefit each Contract Quarter (0.90% annually), subject to a maximum quarterly charge of 0.35% (1.40% annually) on new issues.  We deduct the charge from your Contract Value.  The charge is pro rata deducted over each applicable Investment Division and the Fixed Account.  The charge is deducted from the Investment Divisions by the redemption of Accumulation Units attributable to your Contract rather than as an asset based charge applied to the assets of all Contract Owners who elected the optional death benefit.  The charge is deducted from the Fixed Account by a dollar reduction in the Fixed Account Contract Value.  While the charge is deducted from Contract Value, it is calculated based on the applicable percentage of the GMDB Benefit Base.  Upon termination of the endorsement, the charge is prorated for the period since the last quarterly charge.  For more information about how the endorsement works, including this benefit’s GMDB Benefit Base, please see “Combination 5% Roll-up and Highest Quarterly Anniversary Value Death Benefit” under “Optional Death Benefits”, beginning on page 139 .

If you select the LifeGuard Freedom Flex DB optional death benefit, which is only available in conjunction with the purchase of the LifeGuard Freedom Flex GMWB (with 6% Bonus and Annual Step-Up Options), you will pay two separate charges for the combined benefit.  For LifeGuard Freedom Flex DB, you will pay 0.175% of the GMWB Death Benefit each Contract Quarter (0.70% annually).  For Contracts purchased in Washington State, the current and maximum charge for LifeGuard Freedom Flex DB is 0.06% of the GMWB Death Benefit each Contract Month (0.72% annually).The charge for LifeGuard Freedom Flex DB, which is based on a percentage of the GMWB Death Benefit, is separate from and in addition to the charge for the LifeGuard Freedom Flex GMWB .  The charge for the LifeGuard Freedom Flex GMWB without the Optional Income Upgrade , which is based on a percentage of the Guaranteed Withdrawal Balance (GWB) and paid each Contract Quarter,is 0.95% (for endorsements issued before April 29, 2013) annually.  For Contracts purchased in Washington State, the charge for LifeGuard Freedom Flex GMWB without the Optional Income Upgrade is 0.08% (for endorsements issued before April 29, 2013)of the GWB each Contract Month (0.96% (for endorsements issued before April 29, 2013) annually).  For more information about the GMWB Death Benefit, please see “LifeGuard Freedom Flex DB” under “Optional Death Benefits”, beginning on page 140.  For more information about the charges for LifeGuard Freedom Flex GMWB (with and without the Optional Income Upgrade), please see page 40, and for benefit information, including the GWB, please see “LifeGuard Freedom Flex GMWB” beginning on page 106.

We deduct the charge from your Contract Value.  The charge is pro rata deducted over each applicable Investment Division and the Fixed Account.  The charge is deducted from the Investment Divisions by the redemption of Accumulation Units attributable to your Contract rather than as an asset based charge applied to the assets of all Contract Owners who elected the optional death benefit.  The charge is deducted from the Fixed Account by a dollar reduction in the Fixed Account Contract Value.  While the charge is deducted from Contract Value, it is calculated based on the applicable percentage of the GMWB Death Benefit.  Upon termination of the endorsement, the charge is prorated for the period since the last quarterly charge.

Five-Year Withdrawal Charge Period.If you select the optional five-year withdrawal charge period feature, you will pay 0.30% on an annual basis of the average daily net asset value of your allocations to the Investment Divisions.  We stop deducting this charge on the date you annuitize.

20% Additional Free Withdrawal Charge.If you select the optional feature that permits you to withdraw up to 20% of Premiums (subject to certain exclusions) that are still subject to a withdrawal charge minus earnings during a Contract Year without a withdrawal charge, you will pay 0.30% on an annual basis of the average daily net asset value of your allocations to the Investment Divisions.  We stop deducting this charge on the date you annuitize.

Commutation Fee.If you make a total withdrawal from your Contract after income payments have commenced under income option 4, or if after your death during the period for which payments are guaranteed to be made under income option 3 your Beneficiary elects to receive a lump sum payment, the amount received will be reduced by (a) minus (b) where:

● (a) = the present value of the remaining income payments (as of the date of calculation) for the period for which payments are guaranteed to be made, discounted at the rate assumed in calculating the initial payment; and

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● (b) = the present value of the remaining income payments (as of the date of calculation) for the period for which payments are guaranteed to be made, discounted at a rate no more than 1.00% higher than the rate used in (a).

Other Expenses.We pay the operating expenses of the Separate Account, including those not covered by the mortality and expense and administrative charges.  There are deductions from and expenses paid out of the assets of the Funds.  These expenses are described in the attached prospectuses for the JNL Series Trust and the JNL Variable Fund LLC.  For more information, please see the “Fund Operating Expenses” table beginning on page 10.

Premium Taxes.Some states and other governmental entities charge Premium taxes or other similar taxes.  We pay these taxes and may make a deduction from your Contract Values for them.  Premium taxes generally range from 0% to 3.5% (the amount of state Premium tax, if any, will vary from state to state).

Income Taxes.  We reserve the right, when calculating unit values, to deduct a credit or charge with respect to any taxes we have paid or reserved for during the valuation period that we determine to be attributable to the operation of the Separate Account, or to a particular Investment Division.  No federal income taxes are applicable under present law and we are not presently making any such deduction.

DISTRIBUTION OF CONTRACTS

Jackson National Life Distributors LLC (“JNLD” or “Distributor”), located at 7601 Technology Way, Denver, Colorado 80237, serves as the distributor of the Contracts.  JNLD is a wholly owned subsidiary of Jackson National Life Insurance Company.  JNLD is registered as a broker-dealer with the Securities and Exchange Commission under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority (“FINRA”).  JNLD is not a member of the Securities Investor Protection Corporation (“SIPC”).  For more information on broker-dealers and their registered representatives, you may use the FINRA BrokerCheck program via telephone (1-800-289-9999) or internet (www.finra.org).

The Contract is offered to customers of various financial institutions, brokerage firms and their affiliate insurance agencies. No financial institution, brokerage firm or insurance agency has any legal responsibility to pay amounts that are owed under the Contract. The obligations and guarantees under the Contract are the sole responsibility of Jackson.  The financial institution, brokerage firm or insurance agency is responsible for delivery of various related disclosure documents and the accuracy of their oral description and recommendation of the purchase of the Contract.

Commissions are paid to broker-dealers who sell the Contracts.  While commissions may vary, they are not expected to exceed 8% of any Premium payment.  Where lower commissions are paid up front, we may also pay trail commissions.  We may also pay commissions on the Income Date if the annuity option selected involves a life contingency or a payout over a period of ten or more years.

Under certain circumstances, JNLD out of its own resources and/or Jackson may pay bonuses, overrides, and marketing allowances, in addition to the standard commissions.  These payments and/or reimbursements to broker-dealers are in recognition of their marketing and distribution and/or administrative services support.  They may not be offered to all broker-dealers, and the terms of any particular agreement may vary widely among broker-dealers depending on, among other things, the level and type of marketing and distribution support provided assets under management, and the volume and size of the sales of our insurance products.  They may provide us greater access to the registered representatives of the broker-dealers receiving such compensation or may otherwise influence the broker-dealer and/or registered representative to present the Contracts more favorably than other investment alternatives.  Such compensation is subject to applicable state insurance law and regulation and the FINRA rules of conduct.  While such compensation may be significant, it will not cause any additional direct charge by us to you.

The two primary forms of such compensation paid by JNLD and/or Jackson are overrides and marketing support payments.  Overrides are payments that are designed as consideration for product placement, assets under management and sales volume.  Overrides are generally based on a fixed percentage of product sales and generally range from 10 to 50 basis points (0.10% to 0.50%).  Marketing support payments may be in the form of cash and/or non-cash compensation and allow us to, among other things, participate in sales conferences (for example, national, regional and top producer meetings), sponsorships and educational seminars.  Examples of such payments include, but are not limited to, reimbursements for representative training or “due diligence” meetings (including travel and lodging expenses), client events, speaker fees and business development and educational enhancement items, including payments to third party vendors for such items.  Payments or reimbursements for meetings and seminars are generally based on the anticipated level of participation and/or accessibility and the size of the audience.  Subject to FINRA rules of conduct, we may also provide cash and/or non-cash compensation to registered representatives in the form of gifts, promotional items and occasional meals and entertainment.  Individual registered representatives may receive differing levels of sales and service support.   Some support services may benefit the prospective or current contract owner.

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Below is an alphabetical listing of the 20 broker-dealers that received the largest amounts of marketing and distribution and/or administrative support in 201 3 from the Distributor in relation to the sale of our variable insurance products:

Cetera Advisor Networks LLC

Cetera Investment Services LLC

Commonwealth Financial Network

CUSO Financial Services

ING Financial Partners Inc

INVEST Financial Corporation

LPL Financial Corporation

Merrill Lynch

Metlife Securities

MML Investors Services Inc

Morgan Stanley Smith Barney

National Planning Corporation

Raymond James

Securities America

Signator Investors, Inc

SII Investments

Transamerica Financial Advisors, Inc

UBS Financial Services Inc

Wells Fargo Advisors

Woodmen Financial Services, Inc.

Please see Appendix C for a complete list of broker-dealers that received amounts of marketing and distribution and/or administrative support in 201 3 from the Distributor in relation to the sale of our variable insurance products.  While we endeavor to update this list on an annual basis, please note that interim changes or new arrangements may not be listed.

We may use any of our corporate assets to cover the cost of distribution, including any profit from the Contract’s mortality and expense risk charge and other charges.  Besides Jackson National Life Distributors LLC, we are affiliated with the following broker-dealers:

● National Planning Corporation,

● SII Investments, Inc.,

● IFC Holdings, Inc. d/b/a Invest Financial Corporation,

● Investment Centers of America, Inc., and

● Curian Clearing LLC

The Distributor also has the following relationships with the sub-advisers and their affiliates.  The Distributor receives payments from certain sub-advisers to assist in defraying the costs of certain promotional and marketing meetings in which they participate.  The amounts paid depend on the nature of the meetings, the number of meetings attended, the costs expected to be incurred and the level of the sub-adviser’s participation.  Our affiliated broker-dealers may also sell the retail mutual funds of certain sub-advisers.  In addition, the Distributor acts as distributor of variable annuity contracts and variable life insurance policies (the “Other Contracts”) issued by Jackson and its subsidiary, Jackson National Life Insurance Company of New York.  Raymond James Financial Services, a brokerage affiliate of the sub-adviser to the JNL/Eagle Funds, participates in the sale of Contracts and is compensated by JNLD for its activities at the standard rates of compensation.  Unaffiliated broker-dealers are also compensated at the standard rates of compensation.  The compensation consists of commissions, trail commissions and other compensation or promotional incentives as described above and in the prospectus or statement of additional information for the Other Contracts.

All of the compensation described here, and other compensation or benefits provided by Jackson or our affiliates, may be greater or less than the total compensation on similar or other products.  The amount and/or structure of the compensation can possibly create a potential conflict of interest as it may influence your registered representative, broker-dealer or selling institution to present this Contract over other investment alternatives.  The variations in compensation, however, may also reflect differences in sales effort or ongoing customer services expected of the registered representative or the broker-dealer.  You may ask your registered representative about any variations and how he or she and his or her broker-dealer are compensated for selling the Contract.

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PURCHASES

Minimum Initial Premium:

● $5,000 under most circumstances

● $2,000 for a qualified plan Contract

Minimum Additional Premiums:

● $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.

These minimums apply to purchases, but do not preclude subsequent partial withdrawals that would reduce Contract Values below the minimum initial purchase amounts, as long as the amount left in the account is sufficient to pay the withdrawal charge.  We reserve the right to limit the number of Contracts that you may purchase.  We also reserve the right to refuse any Premium payment.  There is a $100 minimum balance requirement for each Investment Division and Fixed Account.  We reserve the right to restrict availability or impose restrictions on the Fixed Account and the GMWB Fixed Account.

Maximum Premiums:

● The maximum aggregate Premiums you may make without our prior approval is $1 million.

The payment of subsequent Premiums, depending on market conditions at the time they are made, may or may not contribute to the various benefits under your Contract, including the enhanced death benefits or any GMWB.  Our right to restrict Premiums to a lesser maximum amount may also affect the benefits under your Contract.

Allocations of Premium.  You may allocate your Premiums to one or more of the Investment Divisions and Fixed Account.  Each allocation must be a whole percentage between 0% and 100%.  The minimum amount you may allocate to the Investment Division or a Fixed Account is $100.  We will allocate any additional Premiums you pay in the same way unless you instruct us otherwise.

Although more than 18 Investment Divisions, the Fixed Account and the GMWB Fixed Account are available under your Contract, you may not allocate your Contract Values among more than 18 at any one time.  Additionally, you may not choose to allocate your Premiums to the GMWB Fixed Account; however, Contract Value may be automatically allocated to the GMWB Fixed Account according to non-discretionary formulas if you have purchased the optional Jackson Select Protector GMWB.   For more detailed information regarding Jackson Select Protector GMWB, please see “For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up and Transfer of Assets Endorsement” beginning on page 70 .

We will issue your Contract and allocate your first Premium within two Business Days (days when the New York Stock Exchange is open) after we receive your first Premium and all information that we require for the purchase of a Contract.  If we do not receive all of the information that we require, we will contact you to get the necessary information.  If for some reason we are unable to complete this process within five Business Days, we will return your money. Each Business Day ends when the New York Stock Exchange closes (usually 4:00 p.m. Eastern time).

Optional Contract Enhancements.

PLEASE NOTE:  EFFECTIVE OCTOBER 15, 2012, THESE ENDORSEMENTS ARE NOT CURRENTLY AVAILABLE TO ADD TO A CONTRACT.

You may elect one of our four optional Contract Enhancement endorsements.  The Contract Enhancement endorsements available are the 2% Contract Enhancement endorsement, 3% Contract Enhancement endorsement, 4% Contract Enhancement endorsement, or 5% Contract Enhancement endorsement.  Contract Enhancement endorsements are available only at the time you purchase your Contract and to Owners 87 years old and younger.  If elected, a Contract Enhancement endorsement cannot be canceled.  You may not elect the 3%, 4% or 5% Contract Enhancement endorsements with the 20% Additional Free Withdrawal endorsement.  In addition, if you elect any Contract Enhancement endorsement, you cannot select the Capital Protection Program.

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If you elect a Contract Enhancement endorsement, the following Fixed Account restrictions currently apply during the first seven Contract Years (five Contract Years for the 2% Contract Enhancement). The three, five and seven year Fixed Account Options are not available and transfers to any Fixed Account Option are not permitted (including under the Dollar Cost Averaging program).  Premiums may be allocated to the one year Fixed Account Option.  However, any Premium allocated to the one year Fixed Account must be transferred out of the one year Fixed Account in a series of scheduled monthly transfers to your choice of Investment Divisions within either a 6 or 12 month period beginning on the date we received the Premium.  Therefore, at the end of the 6 or 12 month period, all amounts in the one year Fixed Account will have been transferred out of the one year Fixed Account.  (See “Fixed Account Options” on page 14.)  These restrictions may be modified, eliminated, or otherwise revised, at which time we will provide you with written notice of the changes.

If an optional Contract Enhancement endorsement is elected, then at the end of any Business Day in the first seven Contract Years (five Contract Years for the 2% Contract Enhancement) when we receive a Premium payment, we will credit your Contract Value with a Contract Enhancement.  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.  Therefore, the dollar amount of the actual Contract Enhancement credited to your Contract Value also varies, depending on the Contract Enhancement percentage applied and the amount of the Premium payment.  The Contract Enhancement percentage applied to a Premium payment is generally a declining and lesser percentage for Premium payments received after the first Contract Year (see the schedules below).

In addition, since total expenses for a Contract with a Contract Enhancement are higher than those for a Contract without a Contract Enhancement, it is possible that upon surrender you will receive less money back than you would have if you had not elected a Contract Enhancement.  This is discussed further on page 51 .

2% Contract Enhancement endorsement

	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%

3% Contract Enhancement endorsement

	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%

4% Contract Enhancement endorsement

	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%

5% Contract Enhancement endorsement

	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	5.00%	4.50%	3.75%	3.00%	2.25%	1.75%	1.00%	0%

There is a charge for the optional Contract Enhancement endorsements that is assessed against the Investment Divisions, the Fixed Account and the GMWB Fixed Account for the Contract Enhancements, and its amount depends upon which Contract Enhancement endorsement you elect.  For more information about the charges for these endorsements, please see “Contract Enhancement Charge” on page 33 .

We will also impose a Contract Enhancement recapture charge if you:

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● 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),  

● elect to receive payment under an income option (see Example 3 in Appendix B) (for more information about these income options, see “INCOME PAYMENTS (THE INCOME PHASE)” beginning on page 134 ) within the recapture charge schedule, 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.)

The Recapture Charge schedule(s) can be found beginning on page 33 of this prospectus.  The percentage amount of the recapture charge depends upon (i) the corresponding declining amount of the Contract Enhancement based on the Contract Year when the Premium payment being withdrawn was received and (ii) when the recapture charge is imposed based on the Completed Years since the receipt of the related Premium.  (See the examples in Appendix B showing how these recapture charges are applied to withdrawals.)

We will not impose the Contract Enhancement recapture charge on any amounts paid out as:

● earnings(excess of your Contract Value allocated to the Investment Divisions, the Fixed Account and the GMWB Fixed Account over your Remaining Premiums allocated to those accounts)  

● death benefits;  

● withdrawals taken under the additional 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);  

● if permitted by your state, additional withdrawals of up to $250,000 from the Separate Account, the Fixed Account Options (subject to certain exclusions) and the GMWB Fixed Account if you incur a terminal illness or if you need extended hospital or nursing home care as provided in your Contract (see “Waiver of Withdrawal and Recapture Charges for Certain Emergencies” on page 56 for more information); or  

● if permitted by your state, additional withdrawals of up to 25% (12 1/2% for each of two joint Owners) of your Contract Value from the Separate Account, the Fixed Account Options (subject to certain exclusions) and the GMWB Fixed Account if you incur certain serious medical conditions specified in your Contract (see “Waiver of Withdrawal and Recapture Charges for Certain Emergencies” on page 56 for more information).

For purposes of the recapture charge, we treat withdrawals as coming first from earnings and then from the oldest Remaining Premium, based on the completed years (12 months) since the receipt of Premiums.  (See example 2 in Appendix B for an illustration.)  We expect to make a profit on these charges for the Contract Enhancements.  Examples in Appendix B may assist you in understanding how recapture charges for the Contract Enhancements work.  In certain situations, both a recapture charge and a withdrawal charge will be charged on your withdrawal amount (see examples 1 and 2 in Appendix B).

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Your Contract Value will reflect any gains or losses attributable to a Contract Enhancement.  Contract Enhancements, and any increase in value attributable to a Contract Enhancement, distributed under your Contract will be considered earnings under the Contract for tax purposes.

As referenced above, there is a charge for the optional Contract Enhancement endorsements.  This Contract Enhancement charge is based on the average daily net asset value of your allocations to the Investment Divisions and is deducted from the total value of the Separate Account.  In addition, for the Fixed Account and the GMWB Fixed Account, the Contract Enhancement charge lowers the credited rate that would apply if the Contract Enhancement had not been elected.  Therefore, you will incur charges on the entire amounts included in your Contract, which includes Premium payments made in the first seven Contract Years (five for the 2% Contract Enhancement), the Contract Enhancement and the earnings, if any, on such amounts for the first seven Contract Years (five for the 2% Contract Enhancement).  As a result, the aggregate charges assessed will be higher than those that would be charged if you did not elect a Contract Enhancement.  Accordingly, it is possible that upon surrender, you will receive less money back than you would have if you had not elected a Contract Enhancement.  We will impose a Contract Enhancement recapture charge if you make withdrawals in the first seven Contract Years (five Contract Years for the 2% Contract Enhancement).  We expect to profit from certain charges assessed under the Contract, including the withdrawal charge, the mortality and expense risk charge and the Contract Enhancement charge.

Charges for the Contract Enhancement are not assessed after the seventh Contract Year (fifth for the 2% Contract Enhancement).  Accordingly, the increased Contract Value resulting from a Contract Enhancement is reduced during the first seven Contract Years (five for the 2% Contract Enhancement) by the operation of the Contract Enhancement charge.  If you make Premium payments only in the first Contract Year and do not make a withdrawal during the first seven years (five for the 2% Contract Enhancement), at the end of the seven-year period (five for the 2% Contract Enhancement) that the Contract Enhancement charge is applicable, the Contract Value will be equal to or slightly higher than if you had not selected a Contract Enhancement, regardless of investment performance.  Contract Values may also be higher if you pay additional Premium payments in the first Contract Year, because those additional amounts will be subject to the Contract Enhancement charge for less than seven full years (five for the 2% Contract Enhancement).

In the first seven Contract Years (five for the 2% Contract Enhancement), the Contract Enhancement typically will be beneficial (even in circumstances where cash surrender value may not be higher than Contracts without the Contract Enhancement) in the following circumstances:

● death benefits computed on the basis of Contract Value;  

● withdrawals taken under the 10% free withdrawal provision (or the 20% Additional Free Withdrawal endorsement, if elected);  

● withdrawals necessary to satisfy the required minimum distribution of the Internal Revenue Code;  

● if permitted by your state, withdrawals under our:

○	Terminal Illness Benefit;
○	Specified Conditions Benefit; or
○	Extended Care Benefit.  (See page 57 below.)

You may not elect the 3%, 4% or 5% Contract Enhancement endorsements with the 20% Additional Free Withdrawal option.  In addition, you may not elect any Contract Enhancement endorsement with the Capital Protection Program.

Capital Protection Program.  If you select our Capital Protection Program at issue, we will allocate enough of your Premium to the Fixed Account you select to assure that the amount so allocated will equal, at the end of a selected period of 1, 3, 5, or 7 years, your total original Premium paid.  You may allocate the rest of your Premium to any Investment Division(s).  If any part of the Fixed Account value is surrendered or transferred before the end of the selected guaranteed period, the value at the end of that period will not equal the original Premium.  This program is available only if Fixed Account Options are available.  There is no charge for the Capital Protection Program.  You should consult your Jackson representative with respect to the current availability of Fixed Account Options, their limitations, and the availability of the Capital Protection Program.

Currently, the Capital Protection Program is not available if you elect a Contract Enhancement endorsement.

For an example of capital protection, assume you made a Premium payment of $10,000 when the interest rate for the three-year guaranteed period was 3% per year.  We would allocate $9,152 to that Guarantee Period because $9,152 would increase at that interest

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rate to $10,000 after three years, assuming no withdrawals are taken.  The remaining $848 of the payment would be allocated to the Investment Division(s) you selected.

Alternatively, assume Jackson receives a Premium payment of $10,000 when the interest rate for the 7-year period is 6.75% per year.  Jackson will allocate $6,331 to that Guarantee Period because $6,331 will increase at that interest rate to $10,000 after 7 years.  The remaining $3,669 of the payment will be allocated to the Investment Division(s) you selected.

Thus, as these examples demonstrate, the shorter Guarantee Periods require allocation of substantially all your Premium to achieve the intended result.  In each case, the results will depend on the interest rate declared for the Guarantee Period.

The Capital Protection Program will not be available if you purchase the Jackson Select Protector GMWB.

Accumulation Units.Your Contract Value allocated to the Investment Divisions will go up or down depending on the performance of the Investment Divisions you select.  In order to keep track of the value of your Contract during the accumulation phase, we use a unit of measure called an “Accumulation Unit.”  During the income phase we use a measure called an “Annuity Unit.”

Every Business Day, we determine the value of an Accumulation Unit for each of the Investment Divisions by:

● 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.

Charges deducted through the cancellation of units are not reflected in this computation.

The value of an Accumulation Unit may go up or down from day to day.  The base Contract has a different Accumulation Unit value than each combination of optional endorsements an Owner may elect, based on the differing amount of charges applied in calculating that Accumulation Unit value.

When you make a Premium payment, we credit your Contract with Accumulation Units.  The number of Accumulation Units we credit is determined at the close of that Business Day by dividing the amount of the Premium allocated to any Investment Division by the value of the Accumulation Unit for that Investment Division that reflects the combination of optional endorsements you have elected and their respective charges.

In connection with arrangements we have to transact business electronically, we may have agreements in place whereby the time when certain broker-dealers receive your initial Purchase Payment and all required information in Good Order will be used for initial pricing of your Contract values.  However, if we do not have an agreement with a broker-dealer providing for these pricing procedures, initial Purchase Payments received by the broker-dealer will not be priced until they are received by us. As of the date of this prospectus, we have such an agreement with Morgan Stanley Smith Barney LLC and SBHU Life Agency.  Please check with your financial representative to determine if his/her broker-dealer has an agreement with the Company that provides for these pricing procedures.

TRANSFERS AND FREQUENT TRANSFER RESTRICTIONS

You may transfer your Contract Value between and among the Investment Divisions at any time, unless transfers are subject to other limitations, but transfers between an Investment Division and the Fixed Account must occur prior to the Income Date.

You can make 15 transfers every Contract Year without charge.

A transfer will be effective as of the end of the Business Day when we receive your transfer request in Good Order, and we will disclaim all liability for transfers made based on your transfer instructions, or the instructions of a third party authorized to submit transfer requests on your behalf.

Transfers from the Fixed Account generally will be subject to any applicable Excess Interest Adjustment.

Potential Limits and Conditions on Fixed Account Transfers.There may be periods when we do not offer any Fixed Account.  We can prohibit or impose limitations or other requirements on transfers to or from the Fixed Account as permitted by applicable law.  Currently, for Contracts with an optional Contract Enhancement, transfers are not permitted to a Fixed Account Option during the first seven Contract Years (five Contract Years for the 2% Contract Enhancement).  This restriction may be modified, eliminated, or otherwise revised, at which time we will provide you with written notice of the changes.

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In addition, we also specifically reserve the right to impose the limitations and conditions set forth in 1-4 below with respect to the one-year Fixed Account Option.  Although we are not imposing these restrictions as of the date of this prospectus, if we do decide to impose them, they could provide as follows with respect to both new and already outstanding Contracts:

1.  During any Contract Year, the aggregate dollar amount of all transfers from the one-year Fixed Account Option (including transfers at the end of the one-year period) could not exceed whichever of the following three maximums apply to you for that year:

●	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.

2.  We could require that any transfer from the one-year Fixed Account Option in a Contract Year occur at least twelve months after the most recent such transfer in the previous Contract Year.

3.  We could restrict or prohibit your transfers into or allocations of any additional Premiums to the one-year Fixed Account Option in any Contract Year in which you make a transfer from the one-year Fixed Account Option.

4.  We could restrict or prohibit your transfers from the one-year Fixed Account Option in any Contract Year in which you make a transfer into or allocate any additional Premiums to the one-year Fixed Account Option.

We may impose restrictions 1-4 separately or in combination but we expect that they would be imposed as a group, so that you would be subject to all of these restrictions if you are subject to any of them.

Certain systematic investment programs could be excluded from the restrictions listed in 1-4 above, such that transfers under those programs would not count against the maximum amounts that may be transferred out of the one-year Fixed Account Option and the Contract Value under such programs would be excluded from the computation of such maximum amounts.

We also could permit or require that a systematic transfer program be used to make transfers from any Fixed Account Options. For example, you could be permitted to have the three transfers that are referred to in restriction 1 above automated through a systematic transfer out (“STO”) on each of your next three Contract Anniversaries.  The amount automatically transferred on each of such three Contract Anniversaries would be the maximum amount that would be permitted to be transferred on that date under restriction 1, such that following the automatic STO transfer on the third such Contract Anniversary you would no longer have any Contract Value in the one-year Fixed Account Option.   If we establish such an STO for you, however, we would (pursuant to restrictions 3 and 4 above) prohibit you from making any other transfer from, or any Premium payments or transfers into, the one-year Fixed Account Option during any Contract Year in which an automatic STO transfer is made for you.  Also (pursuant to restriction 2 above) you could elect such an STO only if (i) at least twelve calendar months have passed since your last STO program (if any) had ended and (ii) during the Contract Year in which you make the election, you have not made any transfers from, or any Premium payments or transfers into the one-year Fixed Account Option (unless you made the transfer or Premium payment before the time we had instituted restrictions 1-4). Transfers pursuant to any STO would not count toward your 15 free transfer limit.

If we require you to commence an STO at a time when, due to any of the foregoing restrictions, you would not be eligible to elect such a program, the three annual STO transfers will be delayed.  In that case, the first such STO transfer would occur on the first Contract Anniversary after you are eligible to elect an STO.

If we impose the restrictions described in 1-4 above, we would provide you prompt written notice of that fact, as well as any requirement or option to commence an STO.  In that case, the restrictions would be effective immediately and we would not expect to provide you with an opportunity to make transfers from the one-year Fixed Account Option, other than in compliance with and subject to the limitations in such restrictions.  Accordingly, you should consider whether you are willing to be subject to those limitations before you allocate any Premiums or transfers to the one-year Fixed Account Option.

We also may restrict your participation in any systematic investment program if you allocate any amounts to a Fixed Account Option.

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Restrictions on Transfers: Market Timing. The Contract is not designed for frequent transfers by anyone.  Frequent transfers between and among Investment Divisions may disrupt the underlying Funds and could negatively impact performance, by interfering with efficient management and reducing long-term returns, and increasing administrative costs.Frequent transfers may also dilute the value of shares of an underlying Fund.  Neither the Contracts nor the underlying Funds are meant to promote any active trading strategy, like market timing.  Allowing frequent transfers by one or some Owners could be at the expense of other Owners of the Contract.  To protect Owners and the underlying Funds, we have policies and procedures to deter frequent transfers between and among the Investment Divisions.

Under these policies and procedures, there is a $25 charge per transfer after 15 in a Contract Year, and no round trip transfers are allowed within 15 calendar days.  Also, we could restrict your ability to make transfers to or from one or more of the Investment Divisions, which possible restrictions may include, but are not limited to:

● 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.

To the extent permitted by applicable law, we reserve the right to restrict the number of transfers per year that you can request and to restrict you from making transfers on consecutive Business Days.  In addition, your right to make transfers between and among Investment Divisions may be modified if we determine that the exercise by one or more Owners is, or would be, to the disadvantage of other Owners.

We continuously monitor transfers under the Contract for disruptive activity based on frequency, pattern and size.  We will more closely monitor Contracts with disruptive activity, placing them on a watch list, and if the disruptive activity continues, we will restrict the availability of electronic or telephonic means to make a transfer, instead requiring that transfer instructions be mailed through regular U.S. postal service, and/or terminate the ability to make transfers completely, as necessary.  If we terminate your ability to make transfers, you may need to make a partial withdrawal to access the Contract Value in the Investment Division(s) from which you sought a transfer.  We will notify you and your representative in writing within five days of placing the Contract on a watch list.

Regarding round trip transfers, we will allow redemptions from an Investment Division; however, once a complete or partial redemption has been made from an Investment Division through an Investment Division transfer, you will not be permitted to transfer any value back into that Investment Division within 15 calendar days of the redemption.  We will treat as short-term trading activity any transfer that is requested into an Investment Division that was previously redeemed within the previous 15 calendar days, whether the transfer was requested by you or a third party.

Our policies and procedures do not apply to the money market Investment Division, the Fixed Account, the GMWB Fixed Account, Dollar Cost Averaging, Earnings Sweep or the Automatic Rebalancing program.  We may also make exceptions that involve an administrative error, or a personal unanticipated financial emergency of an Owner resulting from an identified health, employment, or other financial or personal event that makes the existing allocation imprudent or a hardship.  These limited exceptions will be granted by an oversight team pursuant to procedures designed to result in their consistent application.  Please contact our Annuity Service Center if you believe your transfer request entails a financial emergency.

Otherwise, we do not exempt any person or class of persons from our policies and procedures.  We have agreements allowing for asset allocation and investment advisory services that are not only subject to our policies and procedures, but also to additional conditions and limitations, intended to limit the potential adverse impact of these activities on other Owners of the Contract.  We expect to apply our policies and procedures uniformly, but because detection and deterrence involves judgments that are inherently subjective, we cannot guarantee that we will detect and deter every Contract engaging in frequent transfers every time.  If these policies and procedures are ineffective, the adverse consequences described above could occur.  We also expect to apply our policies and procedures in a manner reasonably designed to prevent transfers that we consider to be to the disadvantage of other Owners, and we may take whatever action we deem appropriate, without prior notice, to comply with or take advantage of any state or federal regulatory requirement.

TELEPHONE AND INTERNET TRANSACTIONS

The Basics.You can request certain transactions by telephone or at www.jackson.com, our Internet website, subject to our right to terminate electronic or telephonic transfer privileges described above.  Our Annuity Service Center representatives are available during business hours to provide you with information about your account.  We require that you provide proper identification before

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performing transactions over the telephone or through our Internet website.  For Internet transactions, this will include a Personal Identification Number (PIN).  You may establish or change your PIN at www.jackson.com.

What You Can Do and How.You may make transfers by telephone or through the Internet unless you elect not to have this privilege.  Any authorization you provide to us in an application, at our website, or through other means will authorize us to accept transaction instructions, including Investment Division transfers/allocations, by you and your financial representative unless you notify us to the contrary.  To notify us, please call us at the Annuity Service Center.  Our contact information is on the cover page of this prospectus and the number is referenced in your Contract or on your quarterly statement.

What You Can Do and When.When authorizing a transfer, you must complete your telephone call by the close of the New York Stock Exchange (usually 4:00 p.m. Eastern time) in order to receive that day’s Accumulation Unit value for an Investment Division.

Transfer instructions you send electronically are considered to be received by us at the time and date stated on the electronic acknowledgement we return to you.  If the time and date indicated on the acknowledgement is before the close of the New York Stock Exchange, the instructions will be carried out that day.  Otherwise the instructions will be carried out the next Business Day.  We will retain permanent records of all web-based transactions by confirmation number.  If you do not receive an electronic acknowledgement, you should telephone our Annuity Service Center immediately.

How to Cancel a Transaction.You may only cancel an earlier telephonic or electronic transfer request made on the same day by calling the Annuity Service Center before the New York Stock Exchange closes.  Otherwise, your cancellation instruction will not be allowed because of the round trip transfer restriction.

Our Procedures.Our procedures are designed to provide reasonable assurance that telephone or any other electronic authorizations are genuine.  Our procedures include requesting identifying information and tape-recording telephone communications and other specific details.  We and our affiliates disclaim all liability for any claim, loss or expense resulting from any alleged error or mistake in connection with a transaction requested by telephone or other electronic means that you did not authorize.  However, if we fail to employ reasonable procedures to ensure that all requested transactions are properly authorized, we may be held liable for such losses.

We do not guarantee access to telephonic and electronic information or that we will be able to accept transaction instructions via the telephone or electronic means at all times.  We also reserve the right to modify, limit, restrict, or discontinue at any time and without notice the acceptance of instruction from someone other than you and/or this telephonic and electronic transaction privilege.  Elections of any optional benefit or program must be in writing and will be effective upon receipt of the request in Good Order.

Upon notification of the Owner’s death, any telephone transfer authorization, other than by the surviving joint Owners, designated by the Owner ceases and we will not allow such transactions unless the executor/representative provides written authorization for a person or persons to act on the executor’s/representative’s behalf.

ACCESS TO YOUR MONEY

You can have access to the money in your Contract:

● 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.

Your Beneficiary can have access to the money in your Contract when a death benefit is paid.

Withdrawals under the Contract may be subject to a withdrawal charge.  For purposes of the withdrawal charge, we treat withdrawals as coming first from earnings and then from the oldest Remaining Premium.  When you make a complete withdrawal you will receive the value of your Contract as of the end of the Business Day your request is received by us in Good Order, minus any applicable taxes, the annual contract maintenance charge, charges due under any optional endorsement and all applicable withdrawal charges, adjusted for any applicable Excess Interest Adjustment.  For more information about withdrawal charges, please see “Withdrawal Charge” beginning on page 31 . We will pay the withdrawal proceeds within seven days of a request in Good Order. If a Purchase Payment made by personal check or electronic draft is received within the five days preceding a withdrawal request, we may delay payment of the withdrawal proceeds up to seven days after the date of the request, to ensure the check or electronic draft is not returned due to insufficient funds.

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Your withdrawal request must be in writing.  We will accept withdrawal requests submitted via facsimile.  There are risks associated with not requiring original signatures in order to disburse the money.  To minimize the risks, the proceeds will be sent to your last recorded address in our records, so be sure to notify us, in writing, with an original signature of any address change.  We do not assume responsibility for improper disbursements if you have failed to provide us with the current address to which the proceeds should be sent.

Except in connection with the Systematic Withdrawal Program, you must withdraw at least $500 or, if less, the entire amount in the Fixed Account Option or Investment Division from which you are making the withdrawal.  If you are not specific in your withdrawal request, your withdrawal will be taken from your allocations to the Investment Divisions, Fixed Account Options and the GMWB Fixed Account based on the proportion their respective values bear to the Contract Value.  If you are specific in your withdrawal request, please know that for Contracts with a GMWB containing a Transfer of Assets provision, the percentage of the partial withdrawal taken from the GMWB Fixed Account cannot exceed the ratio of the GMWB Fixed Account value to the Contract Value.

With the Systematic Withdrawal Program, you may withdraw a specified dollar amount (of at least $50 per withdrawal) or a specified percentage.  After your withdrawal, at least $100 must remain in each Fixed Account Option or Investment Division from which the withdrawal was taken.  A withdrawal request that would reduce the remaining Contract Value to less than $100 will be treated as a request for a complete withdrawal.  If your Contract contains a GMWB containing a Transfer of Assets provision, any systematic withdrawal request for a specified dollar amount or specified percentage from a particular Investment Division, the Fixed Account or the GMWB Fixed Account will be limited in that such withdrawals cannot be made from the GMWB Fixed Account.  If you wish your systematic withdrawal to include amounts allocated to GMWB Fixed Account, your systematic withdrawal must be taken proportionally from all of the allocations (to the Investment Divisions, the GMWB Fixed Account and the Fixed Account) based on their respective values in relation to the Contract Value.

If you have an investment adviser who, for a fee, manages your Contract Value, you may authorize payment of the fee from the Contract by requesting a partial withdrawal.  There are conditions and limitations, so please contact our Annuity Service Center for more information.  Our contact information is on the cover page of this prospectus.  We neither endorse any investment advisers, nor make any representations as to their qualifications.  The fee for this service would be covered in a separate agreement between the two of you, and would be in addition to the fees and expenses described in this prospectus.

Income taxes, tax penalties and certain restrictions may apply to any withdrawal you make.  There are limitations on withdrawals from qualified plans.  For more information, please see “TAXES” beginning on page 143 .

Waiver of Withdrawal and Recapture Charges for Certain Emergencies.We will waive the withdrawal charge (withdrawals from the Investment Divisions, the Fixed Account and the GMWB Fixed Account), but not any Excess Interest Adjustment that would otherwise apply in certain circumstances by providing you, at no charge, the following:

●	Terminal Illness Benefit,under which we will waive any withdrawal charges and recapture charges on amounts of up to $250,000 of your Contract Value from the Investment Divisions, Fixed Account (subject to certain exclusions) and the GMWB Fixed Account that you withdraw after providing us with a physician’s statement that you have been diagnosed with an illness after the Contract’s issue date that will result in your death within 12 months;
●	Specified Conditions Benefit,under which you may make a one-time withdrawal of up to 25% (for joint Owners, this benefit applies to each of them for 12 1/2%) of your Contract Value from the Investment Divisions, Fixed Account (subject to certain exclusions) and the GMWB Fixed Account with no withdrawal charge or recapture charge after having provided us with a physician’s statement that you have been diagnosed with one of the following conditions after the Contract’s issue date:
		○	Heart attack
		○	Stroke
		○	Coronary artery surgery
		○	Life-threatening cancer
		○	Renal failure or
		○	Alzheimer’s disease; and

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● Extended Care Benefit, under which we will waive any withdrawal charges and recapture charges on amounts of up to $250,000 of your Contract Value from the Investment Divisions, Fixed Account (subject to certain exclusions) and the GMWB Fixed Account that you withdraw after providing us with a physician’s statement that you have been confined to a nursing home or hospital for 90 consecutive days, beginning at least 30 days after your Contract was issued.

You may exercise these benefits once under your Contract.

Optional Five-Year Withdrawal Charge Period.If you are 85 years of age or younger, you may elect an endorsement to your Contract that substitutes for the Contract’s usual seven-year withdrawal period a five-year withdrawal period with withdrawal charges in contribution years one through five of 8%, 7%, 6%, 4% and 2%, respectively, and 0% thereafter.  The charge for this optional feature on an annualized basis is 0.30% of average daily net asset value of your allocations to the Investment Divisions.

The charges for the Five-Year Withdrawal Charge Period options continue for as long as one holds the Contract.  The potential benefits of those options normally will persist for no more than four to six years, depending on performance (the greater the performance the less the benefit) and payment patterns (large subsequent payments in relation to the initial payment make the benefits persist for a longer time than for a Contract where only the initial payment is made).  In the case of some surrenders in the third Contract year, the Five-Year Withdrawal Charge Period does not provide a benefit and may even impose a small detriment.

20% Additional Free Withdrawal.  If you elect the 20% Additional Free Withdrawal endorsement, you may withdraw an additional 20% of Premiums that are subject to a withdrawal charge (subject to certain exclusions), minus earnings, during a Contract Year without a withdrawal charge and you will pay 0.30% on an annual basis of the average daily net asset value of your allocations to the Investment Divisions.  This endorsement will replace the 10% Additional Free Withdrawal endorsement.  The 20% Additional Free Withdrawal endorsement is a liquidity feature that provides a benefit if you contemplate or need to take large withdrawals.  The 20% Additional Free Withdrawal endorsement provides extra liquidity in any market environment but, when it is elected in combination with any GMWB,taking full advantage of the endorsement may have an adverse effect on the GMWB if the withdrawal exceeds the GAWA, as a withdrawal in excess of the GAWA may always reduce the GAWA and potentially limit the benefits available.  In fact,any time you use the 20% Additional Free Withdrawal endorsement when the amount of the withdrawal exceeds the GAWA and the Contract Value is less than the GWB, it is disadvantageous.  You may not elect this option if you elect the 3%, 4% or 5% Contract Enhancement endorsements.

Guaranteed Minimum Withdrawal Benefit Considerations.  Most people who are managing their investments to provide retirement income want to provide themselves with sufficient lifetime income and also to provide for an inheritance for their beneficiaries.  The main obstacles they face in meeting these goals are the uncertainties as to (i) how much income their investments will produce, and (ii) how long they will live and will need to draw income from their investments.  A Guaranteed Minimum Withdrawal Benefit (GMWB) is designed to help reduce these uncertainties.

A GMWB is intended to address those concerns but does not provide any guarantee the income will be sufficient to cover any individual’s particular needs.  Moreover, the GMWB does not assure that you will receive any return on your investments.  The GMWB also does not protect against loss of purchasing power of assets covered by a GMWB due to inflation.  Even relatively low levels of inflation may have a significant effect on purchasing power if not offset by stronger positive investment returns.  The step-up feature on certain of the GMWBs may provide protection against inflation when there are strong investment returns that coincide with the availability of effecting a step-up.  However, strong investment performance will only help the GMWB guard against inflation if the endorsement includes a step-up feature.

Payments under the GMWB will first be made from your Contract Value.  Our obligations to pay you more than your Contract Value will only arise under limited circumstances.  Thus, in considering the election of any GMWB you need to consider whether the value to you of the level of protection that is provided by a GMWB and its costs, which reduce Contract Value and offset our risks, are consistent with your level of concern and the minimum level of assets that you want to be sure are guaranteed.

The Joint For Life GMWB with Bonus and Step-Up, and the Joint For Life GMWB with Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount endorsements are available only to spouses and differ from the For Life GMWB with Bonus and Step-Up without the Joint Option, and the For Life GMWB with Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount without the Joint Option endorsements (which are available to spouses and unrelated parties) and enjoy the following advantages:

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● 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 116 and the “Joint For Life GMWB with Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount ” subsection beginning on page 92 .)  

● 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).

The Joint For Life GMWBs have a higher charge than the respective For Life GMWBs without the Joint Option.

Additionally, the timing and amounts of withdrawals under a GMWB have a significant impact on the amount and duration of benefits.  The cumulative cost of a GMWB also is greater the longer the duration of ownership.  The closer you are to retirement the more reliably you may be able to forecast your needs to make withdrawals prior to the ages where the amounts of certain benefits (such as a For Life Guarantee (59 1/2) and a GWB a djustment (70)) are locked-in.  Conversely, forecasts at younger ages may prove less reliable.  You should undertake careful consideration and thorough consultation with your representative or retirement planning agent as to the financial resources and age of the Owner/Annuitant and the value to you of the potentially limited downside protection that a GMWB might provide.

Guaranteed Minimum Withdrawal Benefit Important Special Considerations.  Each of the GMWBs provides that the GMWB and all benefits thereunder will terminate on the Income Date, which is the date when annuity payments begin.  The Income Date is either a date that you choose or the Latest Income Date.  For Contracts issued, the Latest Income Date is the Contract Anniversary on or next following the Owner’s 95th birthday under a non-qualified Contract, or such earlier date as required by the applicable qualified plan, law or regulation.  For more information, please see “INCOME PAYMENTS (THE INCOME PHASE)” beginning on page 134 .

Before (1) electing a GMWB, (2) electing to annuitize your Contract after having purchased a GMWB, or (3) when the Latest Income Date is approaching and you are thinking about electing or have elected a GMWB, you should consider whether the termination of all benefits under the GMWB and annuitizing produces the better financial results for you.  Naturally, you should discuss with your Jackson representative whether a GMWB is even suitable for you.  Consultation with your financial and tax advisor is also recommended.

These considerations are of greater significance if you are thinking about electing or have elected a GMWB For Life, as the For Life payments will cease when you annuitize voluntarily or on the Latest Income Date.  Although each of the For Life GMWBs contain an annuitization option that may allow the equivalent of For Life payments when you annuitize on the Latest Income Date, all benefits under a GMWB For Life (and under the other GMWBs) will terminate when you annuitize.

Please note that withdrawals in excess of certain limits may have a significantly negative impact on the value of your GMWB through prematurely reducing the benefit’s Guaranteed Withdrawal Balance (GWB) and Guaranteed Annual Withdrawal Amount (GAWA) and, therefore, cause your GMWB to prematurely terminate.  Please see “Election” and “Withdrawals” under each GMWB for more information about the GWB and GAWA.  Please see the explanations of withdrawals under each of the following GMWB descriptions for more information concerning the effect of excess withdrawals.

Required Minimum Distributions under Certain Tax Qualified Plans (“RMDs”). The following RMD NOTES contain important information about withdrawals of RMDs from a Contract with a GMWB.  However, for the MarketGuard Stretch GMWB, please refer to the Stretch RMD Notes on page 131 .  For certain tax-qualified Contracts, GMWBs allow withdrawals greater than the Guaranteed Annual Withdrawal Amount (GAWA) to meet a Contract’s RMD without compromising the guarantees. The RMD NOTES describe conditions, limitations and special situations related to withdrawals involving a RMD.

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

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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 201 5 Contract Year (ending June 30) is $10. The RMDs for calendar years 201 4 and 201 5 are $14 and $16, respectively.

If the Owner takes $7 in each of the two halves of calendar year 201 4 and $8 in each of the two halves of calendar year 201 5 , then at the time the withdrawal in the first half of calendar year 201 5 is taken, the Owner will have withdrawn $15. Because the sum of the Owner’s withdrawals for the 201 5 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, 194 4 , 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 201 4 RMD) until March 30, 201 5 , he may still take the 201 5 RMD before the next Contract Year begins, June 30, 201 5 without exposing the GWB and GAWA to the possibility of adverse recalculation. However, if he takes his second RMD (the 201 5 RMD) after June 30, 201 5 , he should wait until the next Contract Year begins (that is after June 30, 201 6 ) to take his third RMD (the 201 6 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 assumptions, 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.

In addition, with regard to required minimum distributions (RMDs) under an IRA only, it is important to consult your financial and tax advisor to determine whether the benefits of a particular GMWB will satisfy your RMD requirements or whether there are other IRA holdings that can satisfy the aggregate RMD requirements.  With regard to other qualified plans, you must determine what your qualified plan permits.  Distributions under qualified plans and Tax-Sheltered Annuities must begin by the later of the calendar year in which you attain age 70 1/2 or the calendar year in which you retire.  You do not necessarily have to annuitize your Contract to meet the minimum distribution requirements.

Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up (“SafeGuard Max”).The following description of this GMWB is supplemented by the examples in Appendix D under section “I. SafeGuard Max”, particularly example 2 for the varying benefit percentage and examples 6 and 7 for the step-ups.

PLEASE NOTE:  EFFECTIVE APRIL 29, 2013, THIS ENDORSEMENT IS CURRENTLY NO LONGER AVAILABLE TO ADD TO A CONTRACT.

This GMWB guarantees partial withdrawals during the Contract’s accumulation phase (i.e., before the Income Date) until the earlier of:

●	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.

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PLEASE NOTE:  The guarantees of this GMWB are subject to the endorsement’s terms, conditions, and limitations that are explained below.

Please consult the representative who is helping, or who helped, you purchase your Contract to be sure that this GMWB ultimately suits your needs.

This GMWB is available to Owners up to 85 years old (proof of age is required); may be added to a Contract on the Issue Date or on any Contract Anniversary; and once added cannot be canceled.  If you want to elect this GMWB after the Contract Issue Date on a Contract Anniversary (subject to availability), we must receive a request in Good Order within 30 calendar days prior to the Contract Anniversary.  We allow ownership changes of a Contract with this GMWB when the Owner is a legal entity – to another legal entity or the Annuitant.  In certain circumstances, we may permit the elimination of a joint Owner in the event of divorce. For Contracts purchased in the state of Oregon, other ownership changes may be permitted, however any ownership change not described above as a permitted change will result in termination of the GMWB. Otherwise, ownership changes are not allowed.  When the Owner is a legal entity, changing Annuitants is not allowed.  Availability of this GMWB may be subject to further limitation.

There is a limit on withdrawals each Contract Year to keep the guarantees of this GMWB in full effect – the greater of the Guaranteed Annual Withdrawal Amount (GAWA) and for certain tax-qualified Contracts, the required minimum distribution (RMD) under the Internal Revenue Code.  Withdrawals exceeding the limit cause the GWB and GAWA to be recalculated.  Please see “Election” and “Withdrawals” below for more information about the GWB and GAWA.

Election.  The GWB depends on when this GMWB is added to the Contract, and the GAWA derives from the GWB.

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 –	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.

Contract Enhancements and the corresponding recapture charges are not included in the calculation of the GWB when this GMWB is added to the Contract on the Issue Date.  This is why Premium (net of any applicable Premium taxes) is used to calculate the GWB when this GMWB is added to the Contract on the Issue Date.  If you instead added this GMWB to your Contract post issue on a Contract Anniversary (subject to availability), the GWB was calculated based on Contract Value, which included any previously applied Contract Enhancements, and, as a result, we subtracted any applicable recapture charge from the Contract Value to calculate the GWB.  In any event, with Contract Enhancements, the result is a GWB that is less than Contract Value when this GMWB is added to the Contract.  (See Example 1 in Appendix D under section “I. SafeGuard Max”.)  The GWB can never be more than $5 million (including upon step-up), and the GWB is reduced by each withdrawal.

PLEASE NOTE:  Upon the Owner’s death, this GMWB might be continued by a spousal Beneficiary.  Please see the “Spousal Continuation” subsection below for more information.

Withdrawals.  The GAWA percentage and the GAWA are determined at the time of the first withdrawal.  Once the GAWA percentage is determined, it will not change.  The GAWA is equal to the GAWA percentage multiplied by the GWB prior to the partial withdrawal.  The GAWA percentage varies according to age group and is determined based on the Owner’s attained age at the time of the first withdrawal.  If there are joint Owners, the GAWA percentage is based on the attained age of the oldest joint Owner.  (Elsewhere in this prospectus we refer to this varying GAWA percentage structure as the “varying benefit percentage”.)  The GAWA percentage for each age group is:

Ages	GAWA Percentage
0 – 74	7%
75 – 79	8%
80 – 84	9%
85+	10%

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We reserve the right to prospectively change the GAWA percentages, including the age bands, on new GMWB endorsements. We recommend you check with your representative to learn about the current level of the GAWA percentages, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus. If we change the GAWA percentages described above, we will follow these procedures:

1) When we issue your Contract we will deliver a copy of the prospectus that includes the notice of change of GAWA percentages in the form of a prospectus update to you.  You will have until the end of the Free Look period to cancel your Contract and this GMWB by returning the Contract to us pursuant to the provisions of the Free Look section (please see “Free Look” on page 147 ).

2) If you are an existing Owner and are eligible to elect this GMWB after the Issue Date, at the time we change the GAWA percentages we will send you the notice of change of GAWA percentages in the form of a prospectus update. If you later elect this GMWB, when we receive your election, we will send you the required endorsement with a duplicate notice of change of GAWA percentages. You will have 30 days after receiving the notice to cancel your election of this GMWB by returning the endorsement to us.

In each case, the actual GAWA percentages will be reflected in your Contract endorsement.

Withdrawals cause the GWB to be recalculated.  Withdrawals may also cause the GAWA to be recalculated, depending on whether or not the withdrawal, plus all prior withdrawals in the current Contract Year, is less than or equal to the GAWA, or for certain tax-qualified Contracts only, the RMD (if greater than the GAWA).  If the GWB falls below the GAWA at the end of a Contract Year, the GAWA will be reset to equal the GWB.  This may occur, when over time, payment of guaranteed withdrawals is nearly complete and the GWB has been depleted.  The tables below clarify what happens in each instance.  RMD denotes the required minimum distribution under the Internal Revenue Code for certain tax-qualified Contracts only.  (There is no RMD for non-qualified Contracts.)

For certain tax-qualified Contracts, this GMWB allows withdrawals greater than GAWA to meet the Contract’s RMD without compromising the endorsement’s guarantees.  Examples 4, 5 and 7 in Appendix D under section “I. SafeGuard Max” supplement this description.  Because the intervals for the GAWA and RMDs are different, namely Contract Years versus calendar years, and because RMDs are subject to other conditions and limitations, if your Contract is a tax-qualified Contract, then please see “RMD NOTES” under “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” on page 58 , for more information.

When a withdrawal, plus all	The GWB is recalculated, equaling the greater of:
prior withdrawals in the
current Contract Year, is less		●	The GWB before the withdrawal less the withdrawal; Or
than or equal to the greater of
the GAWA or RMD, as		●	Zero.
applicable –
	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.

You may withdraw the greater of the GAWA or RMD, as applicable, all at once or throughout the Contract Year.  Withdrawing less than the greater of the GAWA or RMD, as applicable, in a Contract Year does not entitle you to withdraw more than the greater of the GAWA or RMD, as applicable, in the next Contract Year.  The amount you may withdraw each Contract Year and not cause the GWB and GAWA to be recalculated does not accumulate.

Withdrawing more than the greater of the GAWA or RMD, as applicable, in a Contract Year causes the GWB and GAWA to be recalculated (see below and Example 5 in Appendix D under section “I. SafeGuard Max”).  In recalculating the GWB, the GWB could be reduced by more than the withdrawal amount.  The GAWA is also likely to be reduced.  Therefore, please note that withdrawing more than the greater of the GAWA or RMD, as applicable, in a Contract Year may have a significantly negative impact on the value of this benefit and may lead to its premature termination.

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When a withdrawal, plus all	The GWB is recalculated, equaling the greater of:
prior withdrawals in
the current Contract Year, exceeds the greater of the GAWA or RMD, as applicable –		●	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 is recalculated, equaling:
		●	The GAWA prior to the partial withdrawal reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal.

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.

Withdrawals under this GMWB are assumed to be the total amount deducted from the Contract Value, including any withdrawal charges, recapture charges and other charges or adjustments.  Any withdrawals from Contract Value allocated to a Fixed Account Option may be subject to an Excess Interest Adjustment.  For more information, please see “THE FIXED ACCOUNT AND GMWB FIXED ACCOUNT” beginning on page 14.  Withdrawals may be subject to a recapture charge on any Contract Enhancement.  Withdrawals in excess of free withdrawals may be subject to a withdrawal charge.

Withdrawals under this GMWB are considered the same as any other partial withdrawals for the purposes of calculating any other values under the Contract and any other endorsements (for example, the Contract’s death benefit).  All withdrawals count toward the total amount withdrawn in a Contract Year, including systematic withdrawals, RMDs for certain tax-qualified Contracts, withdrawals of asset allocation and advisory fees, and free withdrawals under the Contract.  They are subject to the same restrictions and processing rules as described in the Contract.  They are also treated the same for federal income tax purposes.  For more information about tax-qualified and non-qualified Contracts, please see “TAXES” beginning on page 143 .

If the age of any Owner is incorrectly stated at the time of election of the GMWB, on the date the misstatement is discovered, the GWB and the GAWA will be recalculated based on the GAWA percentage applicable at the correct age.  Any future GAWA percentage recalculation will be based on the correct age.  If the age at election of the Owner (or oldest joint Owner) falls outside the allowable age range, the GMWB will be null and void and all GMWB charges will be refunded.

Withdrawals made under section 72(t) or section 72(q) of the Code are not considered RMDs for purposes of preserving the guarantees under this GMWB.  Such withdrawals that exceed the GAWA will have the same effect as any withdrawal or excess withdrawal as described above and, consistent with that description, may cause a significant negative impact to your benefit.

Premiums.

With each subsequent Premium payment on the	The GWB is recalculated, increasing by the amount of the Premium net of any applicable Premium taxes.
Contract-
	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.

We require prior approval for a subsequent Premium payment that would result in your Contract having $1 million of Premiums in the aggregate.  We also reserve the right to refuse subsequent Premium payments.  The GWB can never be more than $5 million.  See Example 3b in Appendix D under section “I. SafeGuard Max” to see how the GWB is recalculated when the $5 million maximum is hit.

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Step-Up.  In the event Contract Value is greater than the GWB, this GMWB allows the GWB to be reset to the Contract Value (a “step-up”).  (See Examples 6 and 7 in Appendix D under section “I. SafeGuard Max”.)

Upon election of a step-up, the GMWB charge may be increased, subject to the maximum charges listed above.

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.

The first opportunity for a step-up is the fifth Contract Anniversary after this GMWB is added to the Contract.  Thereafter, a step-up is allowed at any time, but there must always be at least five years between step-ups.  The GWB can never be more than $5 million with a step-up.  A request for step-up is processed and effective on the date received in Good Order.  Please consult the representative who helped you purchase your Contract to be sure if a step-up is right for you and about any increase in charges upon a step-up.  Upon election of a step-up, the applicable GMWB charge will be reflected in your confirmation.

Owner’s Death.  The Contract’s death benefit is not affected by this GMWB so long as Contract Value is greater than zero and the Contract is still in the accumulation phase.  Upon your death (or the first Owner’s death with joint Owners) while the Contract is still in force, this GMWB terminates without value.

Contract Value Is Zero.  If your Contract Value is reduced to zero as the result of a partial withdrawal, contract charges or poor Fund performance and the GWB is greater than zero, the GWB will be paid to you on a periodic basis elected by you, which will be no less frequently than annually, so long as the Contract is still in the accumulation phase.  The total annual payment will equal the GAWA, but will not exceed the current GWB.  If the GAWA percentage has not yet been determined, it will be set at the GAWA percentage corresponding to the Owner’s (or oldest joint Owner’s) attained age at the time the Contract Value is reduced to zero and the GAWA will be equal to the GAWA percentage multiplied by the GWB.

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 recalculated, equaling the lesser of:
		●	The GAWA before the payment; Or
		●	The GWB after the payment.

All other rights under your Contract cease and we will no longer accept subsequent Premium payments and all optional endorsements are terminated without value.  Upon your death as the Owner, no death benefit is payable, including the Earnings Protection Benefit.

Spousal Continuation.  If the Contract is continued by the spouse, the spouse retains all rights previously held by the Owner.

If the spouse continues the Contract and this endorsement already applies to the Contract, the GMWB will continue and no adjustment will be made to the GWB or the GAWA at the time of continuation.  If the GAWA percentage has not yet been determined, it will be set at the GAWA percentage corresponding to the Owner’s (or oldest joint Owner’s) attained age on the continuation date and the GAWA will be equal to the GAWA percentage multiplied by the GWB.  Your spouse may elect to step-up on the continuation date.  If the Contract is continued under the Special Spousal Continuation Option (please see “Special Spousal Continuation Option” on page 142 ), the value applicable upon step-up is the Contract Value, including any adjustments applied on the continuation date.  Any subsequent step-up must follow the step-up restrictions listed above (Contract Anniversaries will continue to be based on the anniversary of the original Contract’s Issue Date).  Upon spousal continuation of a Contract without the Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up, if the Guaranteed Minimum Withdrawal Benefit With 5-Year Step-Up is available at the time, the spouse may request to add this endorsement within 30 days before any Contract Anniversary, and the endorsement will take effect on the Contract Anniversary if the request is made in Good Order.

For more information about spousal continuation of a Contract, please see “Special Spousal Continuation Option” beginning on page 142 .

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Termination.  This GMWB terminates subject to a prorated GMWB Charge assessed for the period since the last quarterly or monthly charge and all benefits cease on the earliest of:

●	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.

Annuitization.

On the Latest Income Date, the Owner may choose the following income option instead of one of the other income options listed in the Contract:

Fixed Payment Income Option.  This income option provides payments in a fixed dollar amount for a specific number of years.  The actual number of years that payments will be made is determined on the calculation date by dividing the GWB by the GAWA.  Upon each payment, the GWB will be reduced by the payment amount.  The total annual amount payable will equal the GAWA but will never exceed the current GWB.  This annualized amount will be paid over the specific number of years in the frequency (no less frequently than annually) that you select.  If you should die (assuming you are the Owner) before the payments have been completed, the remaining payments will be made to the Beneficiary, as scheduled.

If the GAWA percentage has not yet been determined, the GAWA percentage will be based on the Owner’s (or oldest joint Owner’s) attained age at the time of election of this option and the GAWA will be equal to the GAWA percentage multiplied by the GWB.  The GAWA percentage will not change after election of this option.

This income option may not be available if the Contract is issued to qualify under Sections 401, 403, 408 or 457 of the Internal Revenue Code.  For such Contracts, this income option will only be available if the guaranteed period is less than the life expectancy of the Annuitant at the time the option becomes effective.

See “Guaranteed Minimum Withdrawal Benefit General Considerations” and “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page 57 for additional things to consider before electing a GMWB; when electing to annuitize your Contract after having purchased a GMWB; or when the Latest Income Date is approaching and you are thinking about electing or have elected a GMWB.

Effect of GMWB on Tax Deferral.  This GMWB may not be appropriate for Owners who have as a primary objective taking maximum advantage of the tax deferral that is available to them under an annuity contract to accumulate assets.  Please consult your tax and financial advisors before adding this GMWB to a Contract.

5% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up (“AutoGuard 5”).The following description is supplemented by the examples in Appendix D under section “II.  AutoGuard 5, AutoGuard 6”  that may assist you in understanding how calculations are made in certain circumstances.

This is a Guaranteed Minimum Withdrawal Benefit (GMWB) which permits an Owner to make partial withdrawals prior to the Income Date that, in total, are guaranteed to equal the Guaranteed Withdrawal Balance (GWB) (as defined below), regardless of your Contract Value.  This GMWB is available to add to a Contract on the Contract’s Issue Date or on any Contract Anniversary. This GMWB is not available on a Contract that already has a GMWB (one GMWB only per Contract).    We may further limit the availability of this optional endorsement.  Once selected, the 5% GMWB With Annual Step-Up cannot be canceled.

This GMWB is available to Owners 80 years old and younger on the date on which this endorsement is selected. If the age at election of the Owner (if Joint Owners, the oldest Joint Owner) falls outside the allowable age range, the GMWB will be null and void and all

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GMWB Charges will be refunded.  We allow ownership changes of a Contract with this GMWB (i) from an Owner that is a natural person to a trust, if that individual and the Annuitant are the same person or (ii) when the Owner is a legal entity, to another legal entity or the Annuitant, provided these changes are not taxable events under the Code.  In certain circumstances, we may permit the elimination of a joint Owner in the event of divorce.For Contracts purchased in the state of Oregon, other ownership changes may be permitted, however any ownership change not described above as a permitted change will result in termination of the GMWB. Otherwise, changes of Owner are not allowed.  When the Owner is a legal entity, changing Annuitants is not allowed.

If you select the 5% GMWB With Annual Step-Up when you purchase your Contract, your Premium payment net of any applicable taxes, plus any Contract Enhancement, will be used as the basis for determining the GWB.    The 5% GMWB With Annual Step-Up may also be selected after the Issue Date (subject to availability) within 30 days before any Contract Anniversary, and the endorsement will take effect on the Contract Anniversary if your request is in Good Order.  If you select the 5% GMWB With Annual Step-Up after the Issue Date, to determine the GWB, we will use your Contract Value.  The GWB can never be more than $5 million (including upon “step-up”), and the GWB is reduced with each withdrawal you take.

Once the GWB has been determined, we calculate the Guaranteed Annual Withdrawal Amount (GAWA), which is the maximum annual partial withdrawal amount, except for certain tax-qualified Contracts (as explained below).  Upon selection, the GAWA is equal to 5% of the GWB.  The GAWA will generally not be reduced if partial withdrawals taken within any one Contract Year do not exceed 5%.  However, withdrawals are not cumulative.  If you do not take 5% in one Contract Year, you may not take more than 5% the next Contract Year.  If you withdraw more than 5%, the GWB may be reduced by more than the amount of the withdrawal and the GAWA will likely be reduced.  The GAWA can be divided up and taken on a payment schedule that you request.  You can continue to take the GAWA each Contract Year until the GWB has been depleted. If the GWB falls below the GAWA at the time of an Excess Withdrawal (see below) or at the end of a Contract Year, the GAWA will be reset to equal the GWB.  This may occur, when over time, payment of guaranteed withdrawals is nearly complete and the GWB has been depleted.

Withdrawal charges, asset allocation fees, Contract Enhancement recapture charges, Excess Interest Adjustments and other charges and adjustments, as applicable, are taken into consideration in calculating the amount of your partial withdrawals pursuant to the 5% GMWB With Annual Step-Up, but these charges or adjustments are offset by your ability to make free withdrawals under the Contract.

Any time a subsequent Premium payment is made, we recalculate the GWB and the GAWA.  Each time you make a Premium payment, the GWB is increased by the amount of the Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement.  Also, the GAWA will increase by either (a) 5% of the sum of i) the subsequent Premium payment less any applicable taxes, plus ii) any Contract Enhancement, or (b) 5% of the increase in the GWB, if the maximum GWB is reached.  We require prior approval for a subsequent Premium payment that would result in your Contract having $1 million of Premiums in the aggregate.  We also reserve the right to refuse subsequent Premium payments.  See Example 3b in Appendix D under section “II.  AutoGuard 5, AutoGuard 6”to see how the GWB is recalculated when the $5 million maximum is reached.

If the total of your partial withdrawals made in the current Contract Year is greater than the GAWA, we will recalculate your GWB and your GAWA will likely be lower in the future.  In other words, withdrawing more than the GAWA in any Contract Year could cause the GWB to be reduced by more than the amount of the withdrawal(s), likely reducing the GAWA, as well.  Recalculation of the GWB and GAWA may result in reducing or extending the payout period.  Examples 4, 5, and 7 in Appendix D under section “II.  AutoGuard 5, AutoGuard 6”illustrate the impact of such withdrawals.

For certain tax-qualified Contracts, this GMWB allows for withdrawals greater than the GAWA to meet the Contract’s required minimum distributions (RMDs) under the Internal Revenue Code (Code) without compromising the endorsement’s guarantees.  Examples 4, 5, and 7 in Appendix D under section “II.  AutoGuard 5, AutoGuard 6” supplement this description.  Because the intervals for the GAWA and RMDs are different, namely Contract Years versus calendar years, and because RMDs are subject to other conditions and limitations, if your Contract is a tax-qualified Contract, please see “RMD Notes” under “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” on page 58 , for more information.

If the partial withdrawal plus all prior partial withdrawals made in the current Contract Year is less than or equal to the greater of the GAWA or RMD, as applicable, the GWB is equal to the greater of:

● the GWB prior to the partial withdrawal less the partial withdrawal; or  

● zero.

If the partial withdrawal plus all prior partial withdrawals made in the current Contract Year is less than or equal to the greater of the GAWA at the time of the partial withdrawal, or the RMD, as applicable, the GAWA is unchanged at the time of the withdrawal.  At the end of each Contract Year, if the GWB is less than the GAWA, the GAWA is set equal to the GWB.

If the partial withdrawal plus all prior partial withdrawals made in the current Contract Year exceeds the greater of the GAWA at the time of the partial withdrawal, or the RMD, as applicable, the GWB is equal to the greater of:

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● 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.

If the partial withdrawal plus all prior partial withdrawals made in the current Contract Year is greater than the GAWA or RMD, as applicable, the GAWA is equal to the lesser of:

● 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 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.

Consistent with the explanation above, withdrawals greater than the GAWA or RMD, as applicable, may have a significantly negative impact on the value of this benefit through prematurely reducing the GWB and GAWA and, therefore, cause the benefit to prematurely terminate (see Example 5 in Appendix D under section “II.  AutoGuard 5, AutoGuard 6”).  For purposes of all of these calculations, all partial withdrawals are assumed to be the total amount withdrawn, including any withdrawal charges, asset allocation fees, recapture charges, Excess Interest Adjustments and other charges and adjustments.

Withdrawals under this GMWB are considered the same as any other partial withdrawals for the purposes of calculating any other values under the Contract and any other endorsements (for example, the Contract’s standard death benefit).  All withdrawals count toward the total amount withdrawn in a Contract Year, including systematic withdrawals, RMDs for certain tax-qualified Contracts, withdrawals of asset allocation and advisory fees, partial 1035 exchanges and free withdrawals under the Contract.  They are subject to the same restrictions and processing rules as described in the Contract.  They are also treated the same for federal income tax purposes.  For more information about tax-qualified and non-qualified Contracts, please see “TAXES” beginning on page 143 .

Withdrawals made under section 72(t) or section 72(q) of the Code are not considered RMDs for purposes of preserving the guarantees under this GMWB.  Such withdrawals that exceed the GAWA will have the same effect as any withdrawal or excess withdrawal as described above and, consistent with that description, may cause a significant negative impact to your benefit.

Step-Up.If no withdrawals have been taken from the Contract following the date this GMWB is issued, on each Contract Quarterly Anniversary, if the Contract Value on that date is greater than the GWB, the GWB will be reset to the Contract Value on the Contract Quarterly Anniversary (a “step-up”).  After the first withdrawal has been taken from the Contract, step-ups will no longer be determined on Contract Quarterly Anniversaries. Instead, step-ups will be determined on each Contract Anniversary.  If the Contract Value is greater than the GWB on the Contract Anniversary, the GWB will be reset to the Contract Value on the Contract Anniversary.  If the first withdrawal from the Contract is taken on a Contract Quarterly Anniversary that is not a Contract Anniversary, there will be no step-up on that Contract Quarterly Anniversary and the next step-up determination will occur on the next Contract Anniversary.  Upon step-up on or after the 2nd Contract Anniversary following the effective date of this GMWB, the GMWB charge may be increased, subject to the maximum annual charge.  You will be notified in advance of a GMWB Charge increase and may elect to discontinue the automatic step-ups.  Such election must be received in Good Order prior to the Contract Anniversary or Contract Quarterly Anniversary.  While electing to discontinue the automatic step-ups will prevent an increase in the charge, discontinuing step-ups also means foregoing possible increases in your GWB and/or GAWA, so carefully consider this decision should we notify you of a charge increase.  Also know that you may subsequently elect to reinstate the step-up provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary or Contract Quarterly Anniversary following receipt of the request in Good Order within 30 days prior to the Contract Anniversary or Contract Quarterly Anniversary.

Spousal Continuation.  If you die before annuitizing a Contract with the 5% GMWB With Annual Step-Up, the Contract’s death benefit is still payable when the Contract Value is greater than zero.  Alternatively, the Contract allows the Beneficiary who is your spouse to continue it, retaining all rights previously held by the Owner.  If the spouse continues the Contract and the 5% GMWB With Annual Step-Up endorsement already applies to the Contract, the 5% GMWB With Annual Step-Up will continue and no adjustment will be made to the GWB or the GAWA at the time of continuation.  Step-ups will continue as permitted (as described above), and Contract Anniversaries and Contract Quarterly Anniversaries will continue to be based on the original Contract’s Issue Date.  Upon

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spousal continuation of a Contract without the 5% GMWB With Annual Step-Up, if the 5% GMWB With Annual Step-Up is available at the time, the Beneficiary may request to add this endorsement within 30 days before any Contract Anniversary, and the endorsement will take effect on the Contract Anniversary if the request is made in Good Order.

Termination.  The 5% GMWB With Annual Step-Up endorsement terminates subject to a prorated GMWB Charge assessed for the period since the last quarterly or monthly charge on the date you annuitize or surrender the Contract.  In surrendering the 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 the 5% GMWB With Annual Step-Up.  The 5% GMWB With Annual Step-Up also terminates: with the Contract upon your death (unless the beneficiary who is your spouse continues the Contract) or the death of a joint Owner; on the Latest Income Date; upon the first date both the GWB and Contract Value equal zero; or upon conversion, if available – whichever occurs first.

Contract Value Is Zero.  If your Contract Value is reduced to zero as the result of a partial withdrawal, contract charges or poor Fund performance and the GWB is greater than zero, the GWB will be paid automatically to you on a periodic basis elected by you, which will be no less frequently than annually, so long as the Contract is still in the accumulation phase.  The total annual payment will equal the GAWA, but will not exceed the current GWB.  The payments continue until the GWB is reduced to zero.

All other rights under your Contract cease and we will no longer accept subsequent Premium payments and all optional endorsements are terminated without value.    Upon your death as Owner, or the death of a joint Owner, all payments cease.  No other death benefit or Earnings Protection Benefit will be paid.

Annuitization.  If you decide to annuitize your Contract, you may choose the following income option instead of one of the other income options listed in your Contract:

Fixed Payment Income Option.  This income option provides payments in a fixed dollar amount for a specific number of years.  The actual number of years that payments will be made is determined on the calculation date by dividing the GWB by the GAWA.  Upon each payment, the GWB will be reduced by the payment amount.  The total annual amount payable will equal the GAWA but will never exceed the current GWB.  This annualized amount will be paid over the specific number of years in the frequency (no less frequently than annually) that you select.  If you should die (assuming you are the Owner) before the payments have been completed, the remaining payments will be made to the Beneficiary, as scheduled.

This income option may not be available if the Contract is issued to qualify under Sections 401, 403, 408 or 457 of the Internal Revenue Code.  For such Contracts, this income option will only be available if the guaranteed period is less than the life expectancy of the Annuitant at the time the option becomes effective.  In addition, no adjustments will be made to the GAWA after election of this option, nor will a commuted value be available.  This income option is only available on your Latest Income Date (see “Income Payments (the Income Phase)”) on page 134 .

See “Guaranteed Minimum Withdrawal Benefit General Considerations” and “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page 57 for additional things to consider before electing a GMWB; when electing to annuitize your Contract after having purchased a GMWB; or when the Latest Income Date is approaching and you are thinking about electing or have elected a GMWB.

Effect of GMWB on Tax Deferral.  The purchase of the 5% GMWB With Annual Step-Up may not be appropriate for the Owners of Contracts who have as a primary objective taking maximum advantage of the tax deferral that is available to them under an annuity contract to accumulate assets.  Please consult your tax and financial advisors on this and other matters prior to electing the 5% GMWB With Annual Step-Up.

6% Guaranteed Minimum Withdrawal Benefit With Annual Step-Up (“AutoGuard 6”).The following description is supplemented by the examples in Appendix D under section “II.  AutoGuard 5, AutoGuard 6” that may assist you in understanding how calculations are made in certain circumstances.

PLEASE NOTE:  EFFECTIVE APRIL 29, 2013, THIS ENDORSEMENT IS CURRENTLY NO LONGER AVAILABLE TO ADD TO A CONTRACT.

This is a Guaranteed Minimum Withdrawal Benefit (GMWB) which permits an Owner to make partial withdrawals prior to the Income Date that, in total, are guaranteed to equal the Guaranteed Withdrawal Balance (GWB)(as defined below), regardless of your Contract Value.  This GMWB is available to add to a Contract on the Contract’s Issue Date or on any Contract Anniversary.  This GMWB is not available on a Contract that already has a GMWB (one GMWB only per Contract).    We may further limit the availability of this optional endorsement.  Once selected, the 6% GMWB With Annual Step-Up cannot be canceled.

This GMWB is available to Owners 80 years old and younger on the date on which this endorsement is selected.  If the age at election of the Owner (if Joint Owners, the oldest Joint Owner) falls outside the allowable age range, the GMWB will be null and void and all

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GMWB Charges will be refunded.We allow ownership changes of a Contract with this GMWB (i) from an Owner that is a natural person to a trust, if that individual and the Annuitant are the same person or (ii) when the Owner is a legal entity, to another legal entity or the Annuitant, provided these changes are not taxable events under the Code.  In certain circumstances, we may permit the elimination of a joint Owner in the event of divorce. For Contracts purchased in the state of Oregon, other ownership changes may be permitted, however any ownership change not described above as a permitted change will result in termination of the GMWB. Otherwise, changes of Owner are not allowed.  When the Owner is a legal entity, changing Annuitants is not allowed.

If you select the 6% GMWB With Annual Step-Up when you purchase your Contract, your Premium payment net of any applicable taxes, plus any Contract Enhancement, will be used as the basis for determining the GWB.    The 6% GMWB With Annual Step-Up may also be selected after the Issue Date (subject to availability) within 30 days before any Contract Anniversary, and the endorsement will take effect on the Contract Anniversary if your request is in Good Order.  If you select the 6% GMWB With Annual Step-Up after the Issue Date, to determine the GWB, we will use your Contract Value.  The GWB can never be more than $5 million (including upon “step-up”), and the GWB is reduced with each withdrawal you take.

Once the GWB has been determined, we calculate the Guaranteed Annual Withdrawal Amount (GAWA), which is the maximum annual partial withdrawal amount, except for certain tax-qualified Contracts (as explained below).  Upon selection, the GAWA is equal to 6% of the GWB.  The GAWA will generally not be reduced if partial withdrawals taken within any one Contract Year do not exceed 6%.  However, withdrawals are not cumulative.  If you do not take 6% in one Contract Year, you may not take more than 6% the next Contract Year.  If you withdraw more than 6%, the GWB may be reduced by more than the amount of the withdrawal and the GAWA will likely be reduced.  The GAWA can be divided up and taken on a payment schedule that you request.  You can continue to take the GAWA each Contract Year until the GWB has been depleted. If the GWB falls below the GAWA at the time of an Excess Withdrawal (see below) or at the end of a Contract Year, the GAWA will be reset to equal the GWB.  This may occur, when over time, payment of guaranteed withdrawals is nearly complete and the GWB has been depleted.

Withdrawal charges, asset allocation fees, Contract Enhancement recapture charges, Excess Interest Adjustments and other charges and adjustments, as applicable, are taken into consideration in calculating the amount of your partial withdrawals pursuant to the 6% GMWB With Annual Step-Up, but these charges or adjustments are offset by your ability to make free withdrawals under the Contract.

Any time a subsequent Premium payment is made, we recalculate the GWB and the GAWA.  Each time you make a Premium payment, the GWB is increased by the amount of the Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement.  Also, the GAWA will increase by either (a) 6% of the  sum of i) the subsequent Premium payment less any applicable taxes, plus ii) any Contract Enhancement, or (b) 6% of the increase in the GWB, if the maximum GWB is reached.  We require prior approval for a subsequent Premium payment, that would result in your Contract having $1 million of Premiums in the aggregate.  We also reserve the right to refuse subsequent Premium payments. See Example 3b in Appendix D under section “II.  AutoGuard 5, AutoGuard 6” to see how the GWB is recalculated when the $5 million maximum is reached.

If the total of your partial withdrawals made in the current Contract Year is greater than the GAWA, we will recalculate your GWB and your GAWA will likely be lower in the future.  In other words, withdrawing more than the GAWA in any Contract Year could cause the GWB to be reduced by more than the amount of the withdrawal(s), likely reducing the GAWA, as well .  Recalculation of the GWB and GAWA may result in reducing or extending the payout period.  Examples 4, 5, and 7 in Appendix D under section “II.  AutoGuard 5, AutoGuard 6”illustrate the impact of such withdrawals.

For certain tax-qualified Contracts, this GMWB allows for withdrawals greater than the GAWA to meet the Contract’s required minimum distributions (RMDs) under the Internal Revenue Code (Code) without compromising the endorsement’s guarantees.  Examples 4, 5, and 7 in Appendix D under section “II.  AutoGuard 5, AutoGuard 6”supplement this description.  Because the intervals for the GAWA and RMDs are different, namely Contract Years versus calendar years, and because RMDs are subject to other conditions and limitations, if your Contract is a tax-qualified Contract, please see “RMD Notes” under “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” on page 58 , for more information.

If the partial withdrawal plus all prior partial withdrawals made in the current Contract Year is less than or equal to the greater of the GAWA or RMD, as applicable, the GWB is equal to the greater of:

● the GWB prior to the partial withdrawal less the partial withdrawal; or  

● zero.

If the partial withdrawal plus all prior partial withdrawals made in the current Contract Year is less than or equal to the greater of the GAWA at the time of the partial withdrawal, or the RMD, as applicable, the GAWA is unchanged at the time of the withdrawal. At the end of each Contract Year, if the GWB is less than the GAWA, the GAWA is set equal to the GWB.

If the partial withdrawal plus all prior partial withdrawals made in the current Contract Year exceeds the greater of the GAWA at the time of the partial withdrawal, or the RMD, as applicable, the GWB is equal to the greater of:

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● 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.

If the partial withdrawal plus all prior partial withdrawals made in the current Contract Year is greater than the GAWA or RMD, as applicable, the GAWA is equal to the lesser of:

● 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 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.

Consistent with the explanation above, withdrawals greater than the GAWA or RMD, as applicable, may have a significantly negative impact on the value of this benefit through prematurely reducing the GWB and GAWA and, therefore, cause the benefit to prematurely terminate (see Example 5 in Appendix D under section “II.  AutoGuard 5, AutoGuard 6”).  For purposes of all of these calculations, all partial withdrawals are assumed to be the total amount withdrawn, including any withdrawal charges, asset allocation fees, recapture charges, Excess Interest Adjustments and other charges and adjustments.

Withdrawals under this GMWB are considered the same as any other partial withdrawals for the purposes of calculating any other values under the Contract and any other endorsements (for example, the Contract’s standard death benefit).  All withdrawals count toward the total amount withdrawn in a Contract Year, including systematic withdrawals, RMDs for certain tax-qualified Contracts, withdrawals of asset allocation and advisory fees, partial 1035 exchanges, and free withdrawals under the Contract.  They are subject to the same restrictions and processing rules as described in the Contract.  They are also treated the same for federal income tax purposes.  For more information about tax-qualified and non-qualified Contracts, please see “TAXES” beginning on page 143 .

Withdrawals made under section 72(t) or section 72(q) of the Code are not considered RMDs for purposes of preserving the guarantees under this GMWB.  Such withdrawals that exceed the GAWA will have the same effect as any withdrawal or excess withdrawal as described above and, consistent with that description, may cause a significant negative impact to your benefit.

Step-Up.If no withdrawals have been taken from the Contract following the date this GMWB is issued, on each Contract Quarterly Anniversary, if the Contract Value on that date is greater than the GWB, the GWB will be reset to the Contract Value on the Contract Quarterly Anniversary (“step-up”). After the first withdrawal has been taken from the Contract, step-ups will no longer be determined on Contract Quarterly Anniversaries. Instead, step-ups will be determined on each Contract Anniversary.  If the Contract Value is greater than the GWB on the Contract Anniversary, the GWB will be reset to the Contract Value on the Contract Anniversary.  If the first withdrawal from the Contract is taken on a Contract Quarterly Anniversary that is not a Contract Anniversary, there will be no step-up on that Contract Quarterly Anniversary and the next step-up determination will occur on the next Contract Anniversary.  Upon step-up on or after the 2nd Contract Anniversary following the effective date of this GMWB, the GMWB charge may be increased, subject to the maximum annual charge.  You will be notified in advance of a GMWB Charge increase and may elect to discontinue the automatic step-ups.  Such election must be received in Good Order prior to the Contract Anniversary or Contract Quarterly Anniversary.  While electing to discontinue the automatic step-ups will prevent an increase in the charge, discontinuing step-ups also means foregoing possible increases in your GWB and/or GAWA, so carefully consider this decision should we notify you of a charge increase.  Also know that you may subsequently elect to reinstate the step-up provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary or Contract Quarterly Anniversary following receipt of the request in Good Order within 30 days prior to the Contract Anniversary or Contract Quarterly Anniversary.

Spousal Continuation.  If you die before annuitizing a Contract with the 6% GMWB With Annual Step-Up, the Contract’s death benefit is still payable when the Contract Value is greater than zero.  Alternatively, the Contract allows the Beneficiary who is your spouse to continue it, retaining all rights previously held by the Owner.  If the spouse continues the Contract and the 6% GMWB With Annual Step-Up endorsement already applies to the Contract, the 6% GMWB With Annual Step-Up will continue and no adjustment will be made to the GWB or the GAWA at the time of continuation.  Step-ups will continue as permitted (as described above), and Contract Anniversaries and Contract Quarterly Anniversaries will continue to be based on the original Contract’s Issue Date.  Upon

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spousal continuation of a Contract without the 6% GMWB With Annual Step-Up, if the 6% GMWB With Annual Step-Up is available at the time, the Beneficiary may request to add this endorsement within 30 days before any Contract Anniversary, and the endorsement will take effect on the Contract Anniversary if the request is made in Good Order.

Termination.  The 6% GMWB With Annual Step-Up endorsement terminates subject to a prorated GMWB Charge assessed for the period since the last quarterly or monthly charge on the date you annuitize or surrender the Contract.  In surrendering the 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 the 6% GMWB With Annual Step-Up.  The 6% GMWB With Annual Step-Up also terminates: with the Contract upon your death (unless the beneficiary who is your spouse continues the Contract) or the death of a joint Owner; on the Latest Income Date; upon the first date both the GWB and Contract Value equal zero;or upon conversion, if permitted – whichever occurs first.

Contract Value Is Zero.  If your Contract Value is reduced to zero as the result of a partial withdrawal, contract charges or poor Fund performance and the GWB is greater than zero, the GWB will be paid automatically to you on a periodic basis elected by you, which will be no less frequently than annually, so long as the Contract is still in the accumulation phase.  The total annual payment will equal the GAWA, but will not exceed the current GWB.  The payments continue until the GWB is reduced to zero.

All other rights under your Contract cease and we will no longer accept subsequent Premium payments and all optional endorsements are terminated without value.    Upon your death as Owner, or the death of a joint Owner, all payments cease.   No other death benefit or Earnings Protection Benefit will be paid.

Annuitization.  If you decide to annuitize your Contract, you may choose the following income option instead of one of the other income options listed in your Contract:

Fixed Payment Income Option.  This income option provides payments in a fixed dollar amount for a specific number of years.  The actual number of years that payments will be made is determined on the calculation date by dividing the GWB by the GAWA.  Upon each payment, the GWB will be reduced by the payment amount.  The total annual amount payable will equal the GAWA but will never exceed the current GWB.  This annualized amount will be paid over the specific number of years in the frequency (no less frequently than annually) that you select.  If you should die (assuming you are the Owner) before the payments have been completed, the remaining payments will be made to the Beneficiary, as scheduled.

This income option may not be available if the Contract is issued to qualify under Sections 401, 403, 408 or 457 of the Internal Revenue Code.  For such Contracts, this income option will only be available if the guaranteed period is less than the life expectancy of the Annuitant at the time the option becomes effective. In addition, no adjustments will be made to the GAWA after election of this option, nor will a commuted value be available.  This income option is only available on your Latest Income Date (see “Income Payments (the Income Phase)”) on page 134 .

See “Guaranteed Minimum Withdrawal Benefit General Considerations” and “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page 57 for additional things to consider before electing a GMWB; when electing to annuitize your Contract after having purchased a GMWB; or when the Latest Income Date is approaching and you are thinking about electing or have elected a GMWB.

Effect of GMWB on Tax Deferral.  The purchase of the 6% GMWB With Annual Step-Up may not be appropriate for the Owners of Contracts who have as a primary objective taking maximum advantage of the tax deferral that is available to them under an annuity contract to accumulate assets.  Please consult your tax and financial advisors on this and other matters prior to electing the 6% GMWB With Annual Step-Up.

For Life Guaranteed Minimum Withdrawal Benefit With Annual Step-Up and Transfer of Assets (“Jackson Select Protector GMWB”).

PLEASE NOTE:  EFFECTIVE APRIL 29, 2013, THIS ENDORSEMENT IS CURRENTLY NO LONGER AVAILABLE TO ADD TO A CONTRACT.

This is a Guaranteed Minimum Withdrawal Benefit (GMWB) that guarantees the withdrawal of a minimum annual amount for the duration of the life of the Owner (or, in the case of joint Owners, until the death of the first Owner to die) regardless of the performance of the underlying investment options. This benefit may be appropriate for those individuals who are looking for the combination of withdrawal benefit and death benefit available under this GMWB and who are not averse to allowing Jackson to transfer assets between investment options, on a formulaic basis, in order to protect its risk.

The following description of this GMWB is supplemented by the examples in Appendix D under section “III. Jackson Select Protector”, particularly example 2 for the varying benefit percentage, examples 6 and 7 for the step-ups and example 9 for transfer of assets.

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This GMWB guarantees partial withdrawals during the Contract’s accumulation phase (i.e., before the Income Date) for the longer 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 first Owner to die with joint Owners.  There are also other GMWB options for joint Owners that are spouses, as described elsewhere in this prospectus. 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 when this GMWB is added to the Contract.
		So long as the For Life Guarantee is in effect, withdrawals are guaranteed even in the event the Contract Value is reduced to zero.
Or

●	If the For Life Guarantee is not in effect, until the earlier of (1) the death of the Owner (or any joint Owner) or (2) 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 (as explained below).
Because of the For Life Guarantee, your withdrawals could amount to more than the GWB.  But PLEASE NOTE:  The guarantees of this GMWB are subject to the endorsement’s terms, conditions, and limitations that are explained below.

Please consult the representative who is helping, or who helped, you purchase your Contract to be sure that this GMWB ultimately suits your needs.

This GMWB is available to Owners 55 to 80 years old (proof of age is required) and may be added to a Contract on the Issue Date or on any Contract Anniversary.  If you want to elect this GMWB after the Contract Issue Date on a Contract Anniversary (subject to availability), we must receive a request in Good Order within 30 calendar days prior to the Contract Anniversary.  The Owner may terminate this GMWB on any Contract Anniversary but a request for termination and any election of a new GMWB, as may be made available, must be received in writing in Good Order within 30 calendar days prior to the Contract Anniversary.  This GMWB may also be terminated by a Beneficiary who is the Owner’s spouse, who, upon the Owner’s death, may elect to continue the Contract without the GMWB.  This GMWB is also not available on a Contract that has another GMWB (only one GMWB per Contract).  Availability of this GMWB may be subject to further limitation.

We allow ownership changes of a Contract with this GMWB (i) from an Owner that is a natural person to a trust, if that individual and the Annuitant are the same person or (ii) when the Owner is a legal entity, to another legal entity or the Annuitant, provided these changes are not taxable events under the Code.  For Contracts purchased in the state of Oregon, other ownership changes may be permitted, however any ownership change not described above as a permitted change will result in termination of the GMWB. Otherwise, changes of Owner are not allowed.  When the Owner is a legal entity, changing Annuitants is not allowed.
 

There is a limit on withdrawals each Contract Year to keep the guarantees of this GMWB in full effect – the greater of the Guaranteed Annual Withdrawal Amount (GAWA) and for certain tax-qualified Contracts, the required minimum distribution (RMD) under the Internal Revenue Code.  Withdrawals exceeding the limit do not invalidate the For Life Guarantee, but cause the GWB and GAWA to be recalculated.  Please see “Election” and “Withdrawals” below for more information about the GWB and GAWA.

Election.  The GWB depends on when this GMWB is added to the Contract, and the GAWA derives from the GWB.

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On the Contract Issue Date –

The GWB equals initial Premium net of any applicable Premium taxes, plus any Contract Enhancement.

Election After Issue, subject to availability −

The GWB equalsthe Contract Value. The endorsement will be effective on the Contract Anniversary following receipt of the request in Good Order. Requests must be received within the 30 calendar days prior to the Contract Anniversary. 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. The For Life Guarantee becomes effective on the Contract Issue Date, or the effective date of the endorsement.

Under the calculation of the GWB, Contract Enhancements are reflected in the GWB at issue, and as part of Contract Value after issue.  Potential recapture charges are not reflected either at issue or after issue in the GWB calculation.

The GWB can never be more than $5 million (including upon step-up) and the GWB is reduced by each withdrawal.

PLEASE NOTE:  Upon the Owner’s (or any joint Owner’s) death, the For Life Guarantee is void.  However, this GMWB may be continued by a spousal Beneficiary without the For Life Guarantee.  Please see the “Spousal Continuation” subsection below for more information.

Withdrawals.  The GAWA percentage and the GAWA are determined at the time of the first withdrawal.  The GAWA is equal to the GAWA percentage multiplied by the GWB prior to the partial withdrawal.  The GAWA percentage varies according to age group and is determined based on the Owner’s attained age at the time of the first withdrawal.  If there are joint Owners, the GAWA percentage is based on the attained age of the oldest joint Owner.  (Elsewhere in this prospectus we refer to this varying GAWA percentage structure as the “varying benefit percentage”.)  The GAWA percentage for each age group is:

Ages	GAWA Percentage
55 – 74	5%
75 – 84	6%
85+	7%

We reserve the right to prospectively change the GAWA percentages, including the age bands, on new GMWB endorsements. We recommend you check with your representative to learn about the current level of the GAWA percentages, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus. If we change the GAWA percentages described above, we will follow these procedures:

1) When we issue your Contract we will deliver a copy of the prospectus that includes the notice of change of GAWA percentages in the form of a prospectus update to you.  You will have until the end of the Free Look period to cancel your Contract and this GMWB by returning the Contract to us pursuant to the provisions of the Free Look section (please see “Free Look” on page 14 7 ).

2) If you are an existing Owner and are eligible to elect this GMWB after the Issue Date, at the time we change the GAWA percentages we will send you the notice of change of GAWA percentages in the form of a prospectus update. If you later elect this GMWB, when we receive your election, we will send you the required endorsement with a duplicate notice of change of GAWA percentages. You will have 30 days after receiving the notice to cancel your election of this GMWB by returning the endorsement to us.

In each case, the actual GAWA percentages will be reflected in your Contract endorsement.

Withdrawals cause the GWB to be recalculated.  Withdrawals will also cause the GAWA to be recalculated if the withdrawal, plus all prior withdrawals in the current Contract Year exceeds the GAWA, or for certain tax-qualified Contracts only, the RMD (if greater than the GAWA).  In such case, the recalculation of the GAWA will occur whether or not the For Life Guarantee is in effect.  If the GWB is less than the GAWA at the end of any Contract Year and the For Life Guarantee is not in effect, the GAWA will be set equal to the GWB.  This may occur, when over time, payment of the guaranteed withdrawals is nearly complete, the For Life Guarantee is not in effect and the GWB has been depleted to a level below the GAWA. The tables below clarify what happens in each instance. 

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(RMD denotes the required minimum distribution under the Internal Revenue Code for certain tax-qualified Contracts only.  There is no RMD for non-qualified Contracts.)

For certain tax-qualified Contracts, this GMWB allows withdrawals greater than GAWA to meet the Contract’s RMD without compromising the endorsement’s guarantees.  Examples 4, 5 and 7 in Appendix Dunder section “III. Jackson Select Protector” supplement this description. Because the intervals for the GAWA and RMDs are different, namely Contract Years versus calendar years, and because RMDs are subject to other conditions and limitations, if your Contract is a tax-qualified Contract, please see “RMD NOTES” under “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” on page 58 , for more information.
 

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 GAWA is not reduced if all withdrawals during any one Contract Year do not exceed the greater of the GAWA or RMD, as applicable.  The GAWA will be reduced at the end of a Contract Year  to equal the GWB if the For Life Guarantee is not effective and the GWB is nearly depleted, resulting in a GWB that is less than the GAWA. You may withdraw the greater of the GAWA or RMD, as applicable, all at once or throughout the Contract Year.  Withdrawing less than the greater of the GAWA or RMD, as applicable, in a Contract Year does not entitle you to withdraw more than the greater of the GAWA or RMD, as applicable, in the next Contract Year.  The amount you may withdraw each Contract Year and not cause the GWB and GAWA to be recalculated does not accumulate.

Withdrawing more than the greater of the GAWA or RMD, as applicable, in a Contract Year causes the GWB and GAWA to be recalculated (see below and Example 5 in Appendix Dunder section “III. Jackson Select Protector”).  In recalculating the GWB, the GWB could be reduced by more than the withdrawal amount.  The GAWA is also likely to be reduced.  Therefore, please note that withdrawing more than the greater of the GAWA or RMD, as applicable, in a Contract Year may have a significantly negative impact on the value of this benefit.
 

When a withdrawal, plus all prior withdrawals in the current Contract Year, exceeds the greater of the GAWA or RMD, as applicable –	The GWB is recalculated, equaling the greater of:
		●	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 is recalculated as follows:
		●	The GAWA prior to the partial withdrawal is reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal.

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.

Withdrawals under this GMWB are assumed to be the total amount deducted from the Contract Value, including any withdrawal charges, asset allocation fees, recapture charges and other charges or adjustments.  Withdrawals may be subject to a recapture charge on any Contract Enhancement.  Withdrawals in excess of free withdrawals may be subject to a withdrawal charge.

Withdrawals under this GMWB are considered the same as any other partial withdrawals for the purposes of calculating any other values under the Contract and any other endorsements (for example, the Contract’s standard death benefit).  All withdrawals count

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toward the total amount withdrawn in a Contract Year, including systematic withdrawals, RMDs for certain tax-qualified Contracts, withdrawals of asset allocation and advisory fees, and free withdrawals under the Contract.  They are subject to the same restrictions and processing rules as described in the Contract.  They are also treated the same for federal income tax purposes.  For more information about tax-qualified and non-qualified Contracts, please see “TAXES” beginning on page 143 .

If the age of any Owner is incorrectly stated at the time of election of the GMWB, on the date the misstatement is discovered, the GWB and the GAWA will be recalculated based on the GAWA percentage applicable at the correct age.  If the age at election of the Owner (or oldest joint Owner) falls outside the allowable age range, the GMWB will be null and void and all GMWB charges will be refunded.

Withdrawals made under section 72(t) or section 72(q) of the Code are not considered RMDs for purposes of preserving the guarantees under this GMWB.  Such withdrawals that exceed the GAWA will have the same effect as any withdrawal or excess withdrawal as described above and, consistent with that description, may cause a significant negative impact to your benefit.

Premiums.

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.

We require prior approval for a subsequent Premium payment that would result in your Contract having $1 million of Premiums in the aggregate.  We also reserve the right to refuse subsequent Premium payments.  The GWB can never be more than $5 million.  See Example 3b in Appendix Dunder section “III. Jackson Select Protector” to see how the GWB is recalculated when the $5 million maximum is hit.

Step-Up.  On each Contract Anniversary following the effective date of this GMWB, if the highest quarterly Contract Value is greater than the GWB, the GWB will be automatically re-set to the highest quarterly Contract Value (a “step-up”).  The manner in which the highest quarterly Contract Value is determined is discussed in detail further below.  (See Examples 6 and 7 in Appendix Dunder section “III. Jackson Select Protector”.)

With a step-up –	The GWB equals the highest quarterly 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 GAWAprior to step-up.

In addition to the above-described increase in the GWB, a step-up allows for a potential increase in the GAWA percentage in the event that the step-up occurs after the first withdrawal.  Whether there will be any such increase in the GAWA percentage will depend on a value called the Benefit Determination Baseline (BDB).

The initial BDB equals (a) the initial Premium, net of any applicable Premium taxes, plus any Contract Enhancement, if this GMWB is elected at Contract issue or (b) the Contract Value on the Contract Anniversary on which the GMWB is effective, if elected after Contract issue (subject to availability).  In the event that the highest quarterly Contract Value is greater than the BDB on a step-up, the BDB is increased to equal that highest quarterly Contract Value.  Withdrawals do not affect the BDB.  Subsequent Premium payments increase the BDB by the amount of the Premium, net of any applicable Premium taxes, plus any Contract Enhancement.  In addition, unlike the GWB, the BDB is not subject to any maximum amount.  Therefore, it is possible for the BDB to be morethan $5 million.

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Upon step-up, if the highest quarterly Contract Value is greater than the BDB and the step-up occurs after the first withdrawal, the GAWA percentage will be re-determined based on the attained age of the Owner (or oldest joint Owner).  If an age band is crossed, the GAWA percentage will be increased.  For example, assume the Owner was age 73 at the time of the first withdrawal resulting in, according to the table above, a GAWA percentage of 5%.  Also assume that, when the Owner is age 76, a step-up occurs and the highest quarterly Contract Value is greater than the BDB; in that case, the GAWA percentage will be re-determined based on the Owner’s attained age of 76, resulting in a new GAWA percentage of 6%.

If the highest quarterly Contract Value is not greater than the BDB prior to a step-up, the BDB does not change, and the GAWA percentage also remains unchanged regardless of whether an age band has been crossed.

In addition to any increase in the GWB described above, if the highest quarterly Contract Value is greater than the BDB prior to the step-up, then the BDB is set to equal the highest quarterly 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.

If the GAWA percentage is reset, the GAWA will be set to equal the greater of (a) the new GAWA percentage times the then current GWB (as adjusted by any increase therein that occurs pursuant to the same step-up) or (b) the GAWA as in effect prior to the step-up.

Regardless of when a GMWB is issued, the highest quarterly Contract Value equals 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 equals 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.  When determining the quarterly adjusted Contract Value on a Contract Anniversary, the quarterly adjusted Contract Value will be determined prior to any automatic transfer, as required under this GMWB’s Transfer of Assets provision (see below), occurring on the Contract Anniversary.

Partial withdrawals will affect the quarterly adjusted Contract Value as follows:

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, asapplicable –	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.

PLEASE NOTE: Withdrawals from the Contract reduce the GWB and highest quarterly Contract Value but do not affect the BDB.  In the event of withdrawals, the BDB remains unchanged.  Therefore, because the highest quarterly Contract Value must be greater than the BDB prior to step-up in order for the GAWA percentage to increase, a GAWA percentage increase may become less likely when withdrawals are made from the Contract.

Upon step-up on or after the 2nd Contract Anniversary following the effective date of this GMWB, the GMWB charge may be increased, subject to a maximum charge of 2.34%.  You will be notified of a GMWB Charge increase 45 days prior to the Contract Anniversary and may elect to discontinue the automatic step-ups of the GWB.  Such election must be received in Good Order prior to the Contract Anniversary.  While electing to discontinue the automatic step-ups will prevent an increase in the charge, discontinuing step-ups also means foregoing possible increases in your GWB and/or GAWA; so carefully consider this decision should we notify you of a charge increase.  Also know that you may subsequently elect to reinstate the step-up provision at the then current GMWB

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Charge. All requests will be effective on the Contract Anniversary following receipt of the request in Good Order within 30 calendar days prior to the Contract Anniversary.

The GWB can never be more than $5 million with a step-up. However, the BDB is not subject to a $5 million maximum.  Therefore, it is still possible for the GAWA percentage to increase even when the GWB has hit its $5 million maximum, because automatic step-ups of the BDB would continue to occur if the highest quarterly Contract Value is greater than the BDB.  For example, assume the GWB and BDB are equal to $5 million prior to a step-up.  Also assume that the GAWA percentage is 5% and the GAWA is $250,000.  If, at the time of step-up, the highest quarterly Contract Value is $6 million, a step-up will occur.  The GWB will remain at its maximum of $5 million but the BDB will be set equal to $6 million.  If an age band has been crossed and the new GAWA percentage for the Owner’s attained age is 6%, then the GAWA will be equal to $300,000 (6% x $5 million).

Please consult the representative who helped you purchase your Contract to be sure if a step-up is right for you and about any increase in charges upon a step-up. Upon step-up, the applicable GMWB charge will be reflected in your confirmation.

Select Protector Death Benefit.  Upon the death of the Owner (or death of any joint Owner) while the Contract is still in force, the Contract’s death benefit payable is guaranteed not to be less than the Select Protector Death Benefit.  On the effective date of this GMWB endorsement, the Select Protector Death Benefit is equal to the GWB.  With each subsequent Premium received after this endorsement is effective, the Select Protector Death Benefit is recalculated to equal the Select Protector Death Benefit prior to the Premium plus the amount of the Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement, subject to a maximum of $5 million.

Partial withdrawals will affect the Select Protector Death Benefit as follows:

When a withdrawal, plus all prior withdrawals in the currentContract Year, is less than or equal to the greater of the GAWA or RMD, as applicable –	The Select Protector Death Benefit is equal to the greater of:
		●	The Select Protector Death Benefit before the withdrawal less the withdrawal; Or
		●	Zero.

When a withdrawal, plus all prior withdrawals in the currentContract Year, exceeds the greater of the GAWA or RMD, as applicable –	The Select Protector Death Benefit is equal to the greater of:
		●	The Select Protector Death Benefit 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.

The Select Protector Death Benefit is not adjusted upon step-up.  The Select Protector Death Benefit will terminate on the date the Contract Value is zero and no death benefit will be payable, including this Contract’s basic death benefit or any optional death benefit (i.e., the Earnings Protection Benefit, the High Quarterly Anniversary Value Death Benefit, etc.).  The Select Protector Death Benefit will also terminate and will not be included in any applicable continuation adjustment (the amount by which the death benefit that would have been payable exceeds the Contract Value) should this GMWB be continued through Spousal Continuation of a Contract.

Transfer of Assets.  This GMWB requires automatic transfers between your elected Investment Divisions/Fixed Account Option and the GMWB Fixed Account in accordance with the non-discretionary formulas defined in the Transfer of Assets Methodology found in Appendix E.  The formulas are generally designed to mitigate the financial risks to which we are subjected by providing this GMWB’s guarantees.  By electing this GMWB, you are giving control to us of almost all or a portion of your Contract Value.  By way of the non-discretionary formulas, we determine whether to make a transfer and the amount of any transfer.

Under this automatic transfer provision, we monitor your Contract Value each Contract Monthly Anniversary and, if necessary, systematically transfer amounts between your elected Investment Divisions/1-year Fixed Account Option and the GMWB Fixed Account.  Amounts transferred to the GMWB Fixed Account will be transferred from each Investment Division/1-year Fixed Account Option in proportion to their current value. Please be aware that the 3, 5 and 7-year Fixed Account Options are not available on Contracts that elect this benefit.  Transfers to the GMWB Fixed Account from the 1-year Fixed Account Option are not subject to an Excess Interest Adjustment.

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Generally, automatic transfers to the GMWB Fixed Account from your elected Investment Divisions/Fixed Account Option will occur when your Contract Value declines due to withdrawals or negative investment returns.  However, there may be an automatic transfer to the GMWB Fixed Account even when you experience positive investment returns if your Contract Value does not sufficiently increase relative to the projected value of the benefits, as reflected in the use of the GAWA and annuity factors in the Liability calculation under the Transfer of Assets Methodology (see Appendix E for the Liability formula, the calculation of which is designed to represent the projected value of this GMWB’s benefits).  In other words, any increase in the GAWA (due to, for example, a Premium payment or a step-up) may also cause an automatic transfer to the GMWB Fixed Account from your elected Investment Divisions/Fixed Account Option.

For an example of how this Transfer of Assets provision and the non-discretionary formulas work, let us assume that, on your first Contract Monthly Anniversary, your annuity factor is 15.26, your GAWA is $6,000, your GMWB Fixed Account Contract Value is $0, your Separate Account Contract Value is $95,000 and your Fixed Account Contract Value is $5,000.  Your Liability would then be $91,560, which is your GAWA multiplied by your annuity factor.  Using the Liability amount, a ratio is then calculated that determines whether a transfer is necessary.  Generally, if the ratio is lower than 77%, funds will be transferred from the GMWB Fixed Account.  If the ratio is more than 83%, then funds are transferred to the GMWB Fixed Account.

In this example, the ratio is 91.56%, which is the Liability amount ($91,560) minus any GMWB Fixed Account Contract Value ($0), then divided by the sum of the Separate Account Contract Value ($95,000) and the Fixed Account Contract Value ($5,000).  Since the ratio is more than the 83%, funds are transferred to the GMWB Fixed Account from the Investment Divisions and the Fixed Account.

Regarding the amount to be transferred when the ratio is above 83%, the amount is determined by taking the lesser of (a) the Separate Account Value plus the Fixed Account Contract Value; or (b) the Liability amount minus the GMWB Fixed Account Contract Value, less 80% of the Separate Account Value and the Fixed Account Contract Value, divided by 20% (1-80%).  Applying this calculation to our example, (a) would be $100,000 [$95,000 + $5,000] and (b) would be $57,800 [($91,560 - $0 - 0.80*($95,000 + $5,000)) / (1 - .80)] (so the lesser of the two) and, therefore, the amount transferred to the GMWB Fixed Account is $57,800.

To determine how much of the $57,800 transfer is taken from the Fixed Account and how much from the Investment Divisions, we multiply the transfer amount by the proportion of the Contract Value in each the Fixed Account and the Investment Divisions before the transfer.  That is, of the $100,000 total Contract Value in our example, 5% of it was in the Fixed Account ($5,000 /$100,000) and 95% of it was in the Investment Divisions ($95,000/$100,000); therefore, $2,890 ($57,800 multiplied by 5%) is transferred from the Fixed Account to the GMWB Fixed Account and $54,910 ($57,800 multiplied by 95%) is transferred from the Investment Divisions to the GMWB Fixed Account.  After the transfer in this example, the GMWB Fixed Account Contract Value is $57,800, the Separate Account Contract Value is $40,090 and the Fixed Account Contract Value is $2,110.

If any transfer indicated by the above procedure would result in the GMWB Fixed Account Value exceeding 90% of the Contract Value, then the actual transfer will be such that exactly 90% of the Contract Value is allocated to the GMWB Fixed Account.  Otherwise, the indicated transfer will be the actual transfer.  For more information regarding the example above and to see this Transfer of Assets Provision applied using other assumptions, please see Example 9 in Appendix Dunder section “III. Jackson Select Protector”.  Please also see the Transfer of Assets Methodology in Appendix E, which contains the non-discretionary formulas.

Converse to the above example, automatic transfers from the GMWB Fixed Account into your elected Investment Divisions/Fixed Account Option will occur when you experience sufficient positive investment returns such that your Contract Value increases sufficiently relative to the Liability amount. Using the formulas in the above example, this would occur when the calculated ratio is less than 77%. For an example using assumptions that result in a ratio less than 77%, please see Example 9b in Appendix D under section “III. Jackson Select Protector”.

By electing this GMWB, it is possible that a significant amount of your Contract Value– possibly 90% of your entire Contract Value – may be transferred to the GMWB Fixed Account.  It is also possible that amounts in the GMWB Fixed Account will never be transferred back to your elected Investment Divisions/Fixed Account Option.  If any of your Contract Value is automatically transferred to and held in the GMWB Fixed Account, less of your Contract Value may be allocated to the Investment Divisions, which will limit your participation in any market gains and limit the potential for any step-ups and increases in your GAWA.  If you are uncomfortable with the possibility of some or almost all of your Contract Value being automatically moved into the GMWB Fixed Account, this particular GMWB may not be appropriate for you.

Amounts transferred from the GMWB Fixed Account will be allocated to the Investment Divisions and Fixed Account Option according to your most recent allocation instructions on file with us.  The automatic transfers under this Transfer of Assets provision will not count against the 15 free transfers in a Contract Year.  No adjustment will be made to the GWB, GAWA, BDB, or Select Protector Death Benefit as a result of these transfers.  You will receive a confirmation statement reflecting the automatic transfer of any Contract Value to and from the GMWB Fixed Account.

Once you purchase your Contract, the non-discretionary formulas are fixed and not subject to change.  However, we reserve the right to change the formulas for Contracts issued in the future.

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Guaranteed Minimum Withdrawal Benefit Fixed Account.  A certain percentage of the value in your Contract, as explained above, may be allocated to the GMWB Fixed Account in accordance with non-discretionary formulas.  You may not allocate additional monies to the GMWB Fixed Account.  The Contract Value in the GMWB Fixed Account is credited with a specific interest rate.  The interest rate initially declared for each transfer to the GMWB Fixed Account will remain in effect for a period of not less than one year.  GMWB Fixed Account interest rates for subsequent periods may be higher or lower than the rates previously declared.  The interest rate is credited daily to the Contract Value in the GMWB Fixed Account and the rate may vary by state but will never be less than the Fixed Account minimum interest rate applicable to the Contract, as discussed under “THE FIXED ACCOUNT AND THE GMWB FIXED ACCOUNT” beginning on page 14.  Please contact us at the Annuity Service Center or contact your representative to obtain the currently declared GMWB Fixed Account interest rate for your state.  Our contact information is on the cover page of this prospectus.

Contract charges deducted from the Fixed Account and Investment Divisions are also deducted from the GMWB Fixed Account in accordance with your Contract’s provisions.  The deduction of charges may cause an automatic transfer under the Transfer of Assets provision.DCA, DCA+, Earnings Sweep and Automatic Rebalancing are not available to or from the GMWB Fixed Account.  There is no Excess Interest Adjustment on transfers, withdrawals or deductions from the GMWB Fixed Account.  Transfers to and from the GMWB Fixed Account are automatic; you may not choose to transfer amounts to and from the GMWB Fixed Account.

Contract Value Is Zero.  With this GMWB, in the event the Contract Value is zero, the Owner will receive annual payments of the GAWA until the death of the Owner (or the death of any joint Owner), so long as the For Life Guarantee is in effect and the Contract is still in the accumulation phase.  If the For Life Guarantee is not in effect, the Owner will receive annual payments of the GAWA until the earlier of the death of the Owner (or the death of any joint Owner) or the date the GWB, if any, is depleted, so long as the Contract is still in the accumulation phase.  The last payment will not exceed the remaining GWB at the time of payment.  If the GAWA percentage has not yet been determined, it will be set at the GAWA percentage corresponding to the Owner’s (or oldest joint Owner’s) attained age at the time the Contract Value falls to zero and the GAWA will be equal to the GAWA percentage multiplied to the GWB.

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.

Payments are made on the periodic basis you elect, but no less frequently than annually.  If you die, all rights under your Contract cease.  No subsequent Premium payments will be accepted.  All optional endorsements terminate without value.  And no death benefit is payable, including the Select Protector Death Benefit and the Earnings Protection Benefit.

Spousal Continuation.  In the event of the Owner’s death (or the first Owner’s death with joint Owners), the Beneficiary who is the Owner’s spouse may elect to:

●	Continue the Contract with this GMWB – so long as the 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 Select Protector Death Benefit is void and will not be included in the continuation adjustment.
		○	Step-ups will continue as permitted in accordance with the step-up rules above.

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		○	Contract Anniversaries will continue to be based on the Contract’s Issue Date.
		○	The Liability factors for the transfer of assets formulas (see Appendix E) will continue to be based on the original Owner’s (or oldest joint Owner’s) attained age (as if that person had survived).
		○	If the GAWA percentage has not yet been determined, the GAWA percentage will be based on the Owner’s (or oldest joint Owner’s) attained age at the time of death.
		○	The Latest Income Date is based on the age of the surviving spouse.  Please refer to the “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.
		○	The spousal Beneficiary may terminate the GMWB on any subsequent Contract Anniversary.
●	Continue the Contract without this GMWB (GMWB is terminated).  Thereafter, no GMWB charge will be assessed.
		○	The Select Protector Death Benefit will be included in the calculation of the continuation adjustment.
		○	The GMWB Fixed Account value will be transferred to the Investment Divisions and Fixed Account Option based on the current Premium allocation for the Contract.
●	Add this GMWB to the Contract on any Contract Anniversary after the Continuation Date, subject to the Beneficiary’s eligibility – whether or not the spousal Beneficiary terminated the GMWB in continuing the Contract.

For more information about spousal continuation of a Contract, please see “Special Spousal Continuation Option” beginning on page 142 .

Termination.  This GMWB terminates subject to a prorated GMWB Charge, when applicable, assessed for the period since the last quarterly or monthly charge and all benefits cease on the earliest of:

● The Contract Anniversary following the Company’s receipt of the Owner’s written request for termination in Good Order if the request is made within 30 calendar days prior to the Contract Anniversary;  

● The Income Date;  

● The date of complete withdrawal of Contract Value (full surrender of the Contract);  

● 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;

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● 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.

If this GMWB is terminated and the Contract remains in force, the GMWB Fixed Account value will be transferred to the Investment Divisions and Fixed Account Option based on the current Premium allocation for the Contract.

Annuitization.

Life Income of GAWA.  On the Latest Income Date if the For Life Guarantee is in effect, the Owner may choose this income option instead of one of the other income options listed in the Contract.  This income option provides payments in a fixed dollar amount for the lifetime of the Owner (or, with joint Owners, the lifetime of the joint Owner who dies first).  The total annual amount payable will equal the GAWA in effect at the time of election of this option.  This annualized amount will be paid in the frequency (no less frequently than annually) that the Owner selects.  No further annuity payments are payable after the death of the Owner (or the first Owner’s death with joint Owners), and there is no provision for a death benefit payable to the Beneficiary.  Therefore, it is possible for only one annuity payment to be made under this Income Option if the Owner dies before the due date of the second payment.

If the GAWA percentage has not yet been determined, the GAWA percentage will be based on the Owner’s (or oldest joint Owner’s) attained age at the time of election of this option.  The GAWA percentage will not change after election of this option.

Specified Period Income of the GAWA.  On the Latest Income Date if the For Life Guarantee is not in effect, the Owner may choose this income option instead of one of the other income options listed in the Contract.  (This income option only applies if the GMWB has been continued by the spousal Beneficiary upon the death of the original Owner, in which case the spouse becomes the Owner of the Contract and the Latest Income Date is based on the age of the spouse.)

This income option provides payments in a fixed dollar amount for a specific number of years.  The actual number of years that payments will be made is determined on the calculation date by dividing the GWB by the GAWA.  Upon each payment, the GWB will be reduced by the payment amount.  The total annual amount payable will equal the GAWA but will never exceed the current GWB.  This annualized amount will be paid over the specific number of years in the frequency (no less frequently than annually) that the Owner selects.  If the Owner should die before the payments have been completed, the remaining payments will be made to the Beneficiary, as scheduled.

The “Specified Period Income of the GAWA” income option may not be available if the Contract is issued to qualify under Sections 401, 403, 408 or 457 of the Internal Revenue Code.  For such Contracts, this income option will only be available if the guaranteed period is less than the life expectancy of the spouse at the time the option becomes effective.

See “Guaranteed Minimum Withdrawal Benefit General Considerations” and “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  58 for additional things to consider before electing a GMWB; when electing to annuitize your Contract after having purchased a GMWB; or when the Latest Income Date is approaching and you are thinking about electing or have elected a GMWB.

Effect of GMWB on Tax Deferral.  This GMWB may not be appropriate for Owners who have as a primary objective taking maximum advantage of the tax deferral that is available to them under an annuity contract to accumulate assets.  Please consult your tax and financial advisors before adding this GMWB to a Contract.

For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount (“LifeGuard Freedom 6 Net”).

This Guaranteed Minimum Withdrawal Benefit (GMWB) guarantees the withdrawal of a minimum annual amount for the duration of the life of the Owner (or, in the case of joint Owners, until the death of the first Owner to die) regardless of the performance of the underlying investment options, subject to the conditions described below.  This benefit may be appropriate for those individuals who are looking for a number of features, within a GMWB, that may offer a higher level of guarantee and who are seeking greater access to earnings to provide more income when the Contract performs well, without negatively impacting the guarantees.  By allowing the Owner to add earnings to the amount of otherwise permissible withdrawals, referred to below as the Earnings-Sensitive Adjustment,

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he or she has the potential to take greater withdrawals and to receive the same after-tax withdrawal amount every Contract Year (assuming a 40% tax rate).

The following descriptions of this GMWB’s features are supplemented by a basic example below and the examples in Appendix D under section “IV.  LifeGuard Freedom 6 Net”.  The guarantees of this GMWB are subject to the endorsement’s terms, conditions, and limitations that are explained below.  Please consult the representative who is helping you purchase your Contract to be sure that this GMWB ultimately suits your needs.

This GMWB guarantees withdrawals during the Contract’s accumulation phase (i.e., before the Income Date), subject to the following:

●	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.

There is a limit on withdrawals each Contract Year to keep the guarantees of this GMWB in full effect – the greater of the Guaranteed Annual Withdrawal Amount (GAWA) or, for certain tax-qualified Contracts, the required minimum distribution (RMD), plus the Earnings-Sensitive Adjustments during a Contract Year, if any.  Please see “Withdrawals” below for more information about the GAWA and Earnings-Sensitive Adjustments. The withdrawals that exceed the limit are referred to as "Excess Withdrawals", as further described below, while those that do not exceed the limit are referred to as “permissible withdrawals” or “permissible amounts.”

This GMWB is available to Owners 35 to 80 years old (proof of age is required); may be added to a Contract on the Issue Date or on any Contract Anniversary; and once added cannot be canceled except by a Beneficiary who is the Owner’s spouse, who, upon the

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Owner’s death, may elect to continue the Contract without the GMWB.  If you want to elect this GMWB after the Contract Issue Date on a Contract Anniversary (subject to availability), we must receive a request in Good Order within 30 calendar days prior to the Contract Anniversary.  We allow ownership changes of a Contract with this GMWB (i) from an individual Owner that is a natural person to a trust, if that individual and the Annuitant are the same person or (ii) when the Owner is a legal entity, to another legal entity or the Annuitant.  However, we do not allow these Ownership changes if they are a taxable event under the Code.  In certain circumstances, we may permit the elimination of a joint Owner in the event of divorce. For Contracts purchased in the state of Oregon, other ownership changes may be permitted, however any ownership change not described above as a permitted change will result in termination of the GMWB. Otherwise, ownership changes are not allowed.  When the Owner is a legal entity, changing Annuitants is not allowed.  Availability of this GMWB may be subject to further limitation.

Election.  The GWB depends on when this GMWB is added to the Contract, and the GAWA derives from the GWB.

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.

For endorsements issued on or after April 29, 2013, Contract Enhancements and the corresponding recapture charges are not included in the calculation of the GWB when this GMWB is added to the Contract on the Issue Date.  This is why Premium (net of any applicable Premium taxes) is used to calculate the GWB.  On Contracts with a Contract Enhancement, the result is a GWB that is less than Contract Value when this GMWB is added to the Contract.  For endorsements issued before April 29, 2013, please note that while Contract Enhancements are effectively included in the GWB calculations at and after issue, potential recapture charges are not included at either time.  (See Examples 1 and 2 in Appendix D under section “IV.  LifeGuard Freedom 6 Net”.)

The GWB can never be more than $5 million (including upon step-up, the application of a GWB adjustment or the application of any bonus), and the GWB is reduced by each withdrawal.

Withdrawals.  The GAWA percentage and the GAWA are determined at the time of the first withdrawal.  The GAWA is equal to the GAWA percentage multiplied by the GWB prior to the withdrawal.  The GAWA percentage varies according to age group and is determined based on the Owner’s attained age at the time of the first withdrawal.  If there are joint Owners, the GAWA percentage is based on the attained age of the oldest joint Owner.  (Elsewhere in this prospectus we refer to this varying GAWA percentage structure as the “varying benefit percentage”.)

You may elect an Optional Income Upgrade Table for an additional charge (see “For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount Charge” beginning on page 38 ).  The Optional Income Upgrade Table provides higher GAWA percentages for each age group as reflected in the tables below.

The GAWA percentages for each age group, depending on whether you elected the Optional Income Upgrade Table, are as follows:

For Endorsements Issued On Or After April 29, 2013:

Ages	Base GAWA% Table	Optional Income Upgrade Table
35 – 64	3.75%	4.00%
65 – 74	4.75%	5.00%
75 – 80	5.25%	5.50%
81+	5.75%	6.00%

If your endorsement was issued before April 29, 2013, different GAWA percentages than those reflected in the above tables may apply. Please refer to your Contract endorsement and the related prospectus disclosure for the GAWA percentages applicable

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under your Contract at the time of purchase. If you need assistance finding this information, please contact your representative, or contact us at our Annuity Service Center. Our contact information is on the first page of the prospectus.

We reserve the right to prospectively change the GAWA percentages, including the age bands, on new GMWB endorsements.  We recommend you check with your representative to learn about the current level of the GAWA percentages, or contact us at our Annuity Service Center for more information.  Our contact information is on the first page of the prospectus. If we change the GAWA percentages described above, we will follow these procedures:

1) When we issue your Contract we will deliver a copy of the prospectus that includes the notice of change of GAWA percentages in the form of a prospectus update to you.  You will have until the end of the Free Look period to cancel your Contract and this GMWB by returning the Contract to us pursuant to the provisions of the Free Look section (please see “Free Look” on page 147 ).

2) If you are an existing Owner and are eligible to elect this GMWB after the Issue Date, at the time we change the GAWA percentages we will send you the notice of change of GAWA percentages in the form of a prospectus update. If you later elect this GMWB, when we receive your election, we will send you the required endorsement with a duplicate notice of change of GAWA percentages. You will have 30 days after receiving the notice to cancel your election of this GMWB by returning the endorsement to us.

In each case, the actual GAWA percentages will be reflected in your Contract endorsement.

In connection with a change of GAWA percentages, as described above, we may continue to offer the existing GAWA percentages, in effect prior to the change, as an Optional GAWA% table at an increased charge. The increased charge for this GMWB will not be greater than the maximum annual charge shown in the charge tables, which in no event exceeds 3.00%. For the charges for each GMWB, please see the section for the applicable GMWB appearing under “Contract Charges” beginning on page 30 . Also, please see the “Optional Endorsements” table under the “FEES AND EXPENSES TABLES” beginning on page 4. The Optional GAWA% table will maintain the GAWA percentages for each age group that were available before the change as reflected in the above table.  If we offer the Optional GAWA% table, the notice of change in the form of a prospectus update, that will be delivered to you, will describe both the change to the GAWA percentages, and the Optional GAWA% table and related charges. We reserve the right to prospectively change the GAWA percentages in the Optional GAWA% table, including the age bands, on new GMWB endorsements subject to the notices and procedures described above.

Withdrawals cause the GWB to be recalculated.  Withdrawals will also cause the GAWA to be recalculated if the withdrawal, plus all prior withdrawals in the current Contract Year, exceeds the greater of the GAWA or, for certain tax-qualified Contracts only, the RMD, plus the Earnings-Sensitive Adjustments during that Contract Year, if any.  In such case, the recalculation of the GAWA will occur whether or not the For Life Guarantee is in effect.  If the GWB is less than the GAWA at the end of any Contract Year and the For Life Guarantee is not in effect, the GAWA will be set equal to the GWB.  This may occur, when over time, payment of the guaranteed withdrawals is nearly complete, the For Life Guarantee is not in effect and the GWB has been depleted to a level below the GAWA. The tables below clarify what happens in each instance.  (Example 14 in Appendix D under section “IV. LifeGuard Freedom 6 Net” demonstrates how withdrawals affect this GMWB’s guaranteed values).  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.

(RMD denotes the required minimum distribution under the Internal Revenue Code for certain tax-qualified Contracts only.  There is no RMD for non-qualified Contracts.  For certain tax-qualified Contracts, this GMWB allows withdrawals greater than the GAWA plus the Earnings-Sensitive Adjustments during that Contract Year, if any, to meet the Contract’s RMD (when the RMD is higher than the GAWA) without compromising the endorsement’s guarantees. Because the intervals for the GAWA and RMDs are different, namely Contract Years versus calendar years, and because RMDs are subject to other conditions and limitations, if your Contract is a tax-qualified Contract, please see “RMD NOTES” under “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” on page 58 , for more information.)

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- SensitiveAdjustments 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 GAWA is not reduced if all withdrawals during any one Contract Year do not exceed the greater of the GAWA or RMD, plus the Earnings-Sensitive Adjustments during that Contract Year, if any. The GAWA will be reduced at the end of a Contract Year to equal the GWB if the For Life Guarantee is not in effect and the GWB is nearly depleted, resulting in a GWB that is less than the GAWA.  You may withdraw the greater of the GAWA or RMD, plus the Earnings-Sensitive Adjustments during that Contract Year, if any, all at once or throughout the Contract Year.  Withdrawing less than the greater of the GAWA or RMD, plus the Earnings-Sensitive Adjustments, in a Contract Year does not entitle you to withdraw more than the greater of the GAWA or RMD, plus the Earnings-

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Sensitive Adjustments, in the next Contract Year.  The amount you may withdraw each Contract Year and not cause the GWB and GAWA to be recalculated does not accumulate.

Withdrawing more than the greater of the GAWA or RMD, plus the Earnings-Sensitive Adjustments, if any, in a Contract Year causes the GWB and GAWA to be recalculated (see below and Example 14c in Appendix D under section “IV. LifeGuard Freedom 6 Net”).  In recalculating the GWB, the GWB could be reduced by more than the withdrawal amount.  The GAWA is also likely to be reduced.  Therefore, please note that withdrawing more than the greater of the GAWA or RMD, as applicable, plus the Earnings-Sensitive Adjustments, if any, in a Contract Year may have a significantly negative impact on the value of this benefit.

When a withdrawal, plus all prior withdrawals in the current Contract Year, exceeds 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 prior to the withdrawal, first reduced dollar-for-dollar for any portion of the 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 is recalculated as follows:
		●	The GAWA prior to the withdrawal is reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal.

The Excess Withdrawal is defined to be the lesser of:

● The total amount of the current withdrawal, or

● 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.

How the Earnings-Sensitive Adjustment works:  As previously stated, the Earnings-Sensitive Adjustment is an amount that the Owner may be allowed to withdraw each Contract Year in addition to the GAWA while keeping the guarantees of this GMWB fully effective.  An Earnings-Sensitive Adjustment calculation is done for each withdrawal taken and the amount, if any, depends on the withdrawal amount and the GMWB Earnings at the time of the withdrawal.  A withdrawal under the Contract that includes an Earnings-Sensitive Adjustment will reduce Contract Value and other values in the same manner as any other withdrawal.

When determining the amount of permissible withdrawals, the formula for this GMWB takes into account two additional factors in computing the Earnings-Sensitive Adjustment (the additional permissible amount attributable to earnings) after all the other standard values such as the GAWA and GWB used in all GMWB endorsements are determined.  The Guaranteed Withdrawal Balance Adjustment is also determined in the same manner without any special computational factors.  Thus, this GMWB is similar to all other GMWBs except with regard to calculating the amount of permissible withdrawals.

The first concept used is the Maximum Eligible Withdrawal Amount Remaining (MEWAR), which is the maximum withdrawal amount (before the application of any Earnings-Sensitive Adjustment) that is eligible for the Earnings-Sensitive Adjustment at a given time.  At any time, the MEWAR is the greater of:

1.   Zero; or

2.   The amount equal to:

a. the amount of previous Earnings-Sensitive Adjustments in the current Contract Year; plus,

b. the greater of the GAWA or the RMD; less

c. all withdrawals previously made in the current Contract Year, including Earnings-Sensitive Adjustments.

The second concept relates to determining what the eligible earnings (GMWB Earnings) were. This involves a calculation that provides that at any time, GMWB Earnings are the greater of:

1.   Zero; or

2.   The Contract Value minus the GMWB Earnings Determination Baseline.

The GMWB Earnings Determination Baseline is determined as follows:  If this GMWB is elected on the Contract’s Issue Date, the GMWB Earnings Determination Baseline is equal to the Premium, net of any applicable Premium taxes.  If this GMWB is elected on

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any Contract Anniversary, the GMWB Earnings Determination Baseline is equal to Contract Value less any recapture charges that would be assessed on a full withdrawal.

With each subsequent Premium received after the Contract Issue Date, the GMWB Earnings Determination Baseline is recalculated to equal the GMWB Earnings Determination Baseline prior to the Premium payment plus the amount of the Premium payment, net of any applicable Premium taxes.

With each withdrawal, the GMWB Earnings Determination Baseline is recalculated to equal the greater of:

1.   Zero; or

2.   GMWB Earnings Determination Baseline prior to the withdrawal less the greater of:

a. the withdrawal amount less the GMWB Earnings at the time of the withdrawal; or

b. zero.

In determining the GMWB Earnings and the GMWB Earnings Determination Baseline, the formulas utilize the greater of zero, which serves to limit negative earnings results from affecting the calculations.

Withdrawals exceeding the permissible amount do not invalidate the For Life Guarantee if the Contract Value remains greater than zero, but cause the GWB and GAWA to be recalculated.

Earnings-Sensitive Adjustment as applied:

If the For Life Guarantee is in effect at the time of the withdrawal, the Earnings-Sensitive Adjustment is equal to the lesser of:

1.   40% of the GMWB Earnings at the time of the withdrawal; or

2.   2/3 of the lesser of the MEWAR and the withdrawal amount prior to any Earnings-Sensitive Adjustment.

If the For Life Guarantee is not in effect at the time of the withdrawal, the Earnings-Sensitive Adjustment is equal to the lesser of:

1.   40% of the GMWB Earnings at the time of withdrawal;

2.   2/3 of the lesser of the MEWAR and the withdrawal amount prior to any Earnings-Sensitive Adjustment; or

3.   The greater of:

a. zero; or

b. the GWB less the MEWAR.

Example:  For an example of a contract that makes basic simple assumptions to show how this Earnings-Sensitive Adjustment provision and its various components (i.e., GMWB Earnings, MEWAR, GMWB Earnings Determination Baseline, etc.) work, assume that you request the maximum permissible withdrawal, including an Earnings Sensitive Adjustment, if any.  At the time of your withdrawal request, also assume that:

●	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
●	The For Life Guarantee is in effect		withdrawals in the prior Contract Years or the current Contract Year
●	Your GWB is $100,000	●	Your GAWA percentage is 5%
●	Your GAWA is $5,000	●	Your Contract Value is $108,000

Your GMWB Earnings Determination Baseline prior to the withdrawal is equal to your initial sole Premium payment of  $100,000.  Since you have not taken other withdrawals and, therefore, there have been no previous Earnings-Sensitive Adjustments during the current Contract Year, the MEWAR is $5,000 (which is the greater of: zero, or the Earnings-Sensitive Adjustments thus far in the current Contract Year ($0) plus the GAWA ($5,000) less all partial withdrawals thus far in the current Contract year ($0)) ($0 + $5,000 - $0 = $5,000).  As there have been no previous withdrawals taken in the current Contract Year, the MEWAR in this example equals the GAWA.

Your GMWB Earnings in this example are equal to $8,000, which is the greater of: zero, or your Contract Value less your GMWB Earnings Determination Baseline ($108,000 - $100,000 = $8,000).  The Earnings-Sensitive Adjustment is equal to $3,200, which is the lesser of two amounts: $3,200, which is equal to 40% of the GMWB Earnings (0.40 * $8,000 = $3,200); and $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).  The total withdrawal amount requested in this example, therefore, is $8,200, which is the GAWA plus the Earnings-Sensitive Adjustment ($5,000 + $3,200 = $8,200).

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Going forward adjustments are made to your various GMWB values and demonstrated by using the same assumptions as this example. Your Contract Value after the withdrawal is equal to $99,800, which is the Contract Value prior to the withdrawal less the total withdrawal amount ($108,000 - $8,200 = $99,800).  Your GMWB Earnings Determination Baseline after the withdrawal is also equal to $99,800, which is the GMWB Earnings Determination Baseline prior to the withdrawal ($100,000) reduced by the greater of: the withdrawal amount in excess of the GMWB Earnings ($8,200 - $8,000 = $200), or zero.  Your MEWAR after the withdrawal is equal to $0, which is the greater of: zero, or the Earnings-Sensitive Adjustments thus far in the current Contract Year plus the GAWA less all withdrawals thus far in the current Contract Year ($3,200 + $5,000 - $8,200 = 0).  Your GWB after the withdrawal is equal to $91,800, which is the GWB before the withdrawal less the total withdrawal ($100,000 - $8,200 = $91,800).

Since the total withdrawals for the year do not exceed the GAWA ($5,000) plus the total Earnings-Sensitive Adjustments for the current Contract Year ($3,200), no proportional reduction applies to your GWB for this withdrawal.  In addition, since the total withdrawals for the year do not exceed the GAWA ($5,000) plus the total Earnings-Sensitive Adjustments for the current Contract Year ($3,200), your GAWA is unchanged after the withdrawal.

For more examples showing how the Earnings-Sensitive Adjustment provision works, including an example involving an Excess Withdrawal, please see Example 14 in Appendix D under section “IV.  LifeGuard Freedom 6 Net”.

More on Withdrawals:  Withdrawals under this GMWB are assumed to be the total amount deducted from the Contract Value, including any withdrawal charges, recapture charges and other charges or adjustments.  Any withdrawals from Contract Value allocated to a Fixed Account Option may be subject to an Excess Interest Adjustment.  For more information, please see “THE FIXED ACCOUNT AND GMWB FIXED ACCOUNT” beginning on page 14.  Withdrawals may be subject to a recapture charge on any Contract Enhancement.  Withdrawals in excess of free withdrawals may be subject to a withdrawal charge.

Withdrawals under this GMWB are considered the same as any other withdrawals for the purposes of calculating any other values under the Contract and any other endorsements (for example, the Contract’s death benefit).  All withdrawals count toward the total amount withdrawn in a Contract Year, including systematic withdrawals, RMDs for certain tax-qualified Contracts, withdrawals of asset allocation and advisory fees, and free withdrawals under the Contract.  They are subject to the same restrictions and processing rules as described in the Contract.  They are also treated the same for federal income tax purposes.  For more information about tax-qualified and non-qualified Contracts, please see “TAXES” beginning on page 143 .

If the age of any Owner is incorrectly stated at the time of election of the GMWB, on the date the misstatement is discovered, the GWB and the GAWA will be recalculated based on the GAWA percentage applicable at the correct age.  Any future GAWA percentage recalculation will be based on the correct age.  If the age at election of the Owner (or oldest joint Owner) falls outside the allowable age range, the GMWB will be null and void and all GMWB charges will be refunded.

Withdrawals made under section 72(t) or section 72(q) of the Code are not considered RMDs for purposes of preserving the guarantees under this GMWB.  Such withdrawals that exceed the GAWA will have the same effect as any withdrawal or Excess Withdrawal as described above and, consistent with that description, may cause a significant negative impact to your benefit.

Guaranteed Withdrawal Balance Adjustment.  If no withdrawals are taken from the Contract on or prior to the GWB Adjustment Date (as defined below), then you will receive a GWB adjustment.  Tax-qualified plan Contract owners should consider the impact of Required Minimum Distributions on this benefit since any withdrawal from the Contract will void the GWB adjustment.

The GWB Adjustment Date is the later of:

● The Contract Anniversary on or immediately following the Owner’s (or oldest joint Owner’s) 70th birthday, Or

● The 12th  Contract Anniversary (10th Contract Anniversary for endorsements issued before April 29, 2013) following the effective date of this endorsement.

The GWB adjustment is determined as follows:

● 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 amount of the Premium payment, net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013) any Contract

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Enhancement -- subject to a maximum of $5,000,000.  (See Examples 4 and 5 in Appendix D under section “IV.  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 Examples 4 and 5 in Appendix D under section “IV.  LifeGuard Freedom 6 Net”.)

If no withdrawals are taken on or prior to the GWB Adjustment Date, the GWB will be re-set on that date to equal the greater of the current GWB or the GWB adjustment.  No adjustments are made to the Bonus Base, the GMWB Earnings Determination Baseline or the Benefit Determination Baseline (explained below under “Step-up”).  Once the GWB is re-set, this GWB adjustment provision terminates.  In addition, if a withdrawal is taken on or before the GWB Adjustment Date, this GWB adjustment provision terminates without value.  (Please see example 13 in Appendix D under section “IV.  LifeGuard Freedom 6 Net”  for an illustration of this GWB adjustment provision.)

Premiums.

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.

We require prior approval for a subsequent Premium payment that would result in your Contract having $1 million of Premiums in the aggregate.  We also reserve the right to refuse subsequent Premium payments.  The GWB can never be more than $5 million.  See Examples 4b and 5b in Appendix D under section “IV.  LifeGuard Freedom 6 Net” to see how the GWB is recalculated when the $5 million maximum is hit.

Step-Up.  On each Contract Anniversary following the effective date of this GMWB, if the Contract Value is greater than the GWB, the GWB will be automatically re-set to the Contract Value (a “step-up”). (See Examples 8 and 9 in Appendix D under section “IV.  LifeGuard Freedom 6 Net”.)

In addition to an increase in the GWB, a step-up allows for a potential increase in the GAWA percentage in the event that the step-up occurs after the first withdrawal.  The value used to determine whether the GAWA percentage will increase upon step-up is called the Benefit Determination Baseline (BDB).  If this GMWB is elected on the Contract’s Issue Date, the BDB equals initial Premium net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013) any Contract Enhancement.  If this GMWB is elected on any Contract Anniversary, the BDB equals Contract Value less (for endorsements issued on or after April 29, 2013) any recapture charges that would be assessed on a full withdrawal.

Upon step-up, if the Contract Value is greater than the BDB and the step-up occurs after the first withdrawal, the GAWA percentage will be re-determined based on the Owner’s attained age.  If an age band is crossed, the GAWA percentage will be increased.  For example, assume an Owner was age 73 at the time of the first withdrawal resulting in, according to the table above, a GAWA percentage of 4.75% (5.00% with the Optional Income Upgrade).  Also assume that, when the Owner is age 76, a step-up occurs and the Contract Value is greater than the BDB; in that case, the GAWA percentage will be re-determined based on the Owner’s attained age of 76, resulting in a new GAWA percentage of 5.25% (5.50% with the Optional Income Upgrade).

Upon step-up, if the Contract Value is not greater than the BDB, the GAWA percentage remains unchanged regardless of whether an age band has been crossed.

In the event that the Contract Value is greater than the BDB, the BDB is set equal to the Contract Value.  The purpose of this re-set is to increase the BDB that will be used to determine whether the GAWA percentage will increase upon a future step-up if an age band is crossed.

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Withdrawals do not affect the BDB.  Subsequent Premium payments increase the BDB by the amount of the Premium net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013) any Contract Enhancement.  In addition, unlike the GWB, the BDB is not subject to any maximum amount.  Therefore, it is possible for the BDB to be morethan $5 million.

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 GAWApercentage 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 GAWAprior to step-up.

PLEASE NOTE: Withdrawals from the Contract reduce the GWB and Contract Value but do not affect the BDB.  In the event of withdrawals, the BDB remains unchanged.  Therefore, because the Contract Value must be greater than the BDB prior to step-up in order for the GAWA percentage to increase, a GAWA percentage increase may become less likely when continuing withdrawals are made from the Contract.

Upon step-up on or after the 2nd Contract Anniversary following the effective date of this GMWB, the GMWB charge may be increased, subject to the applicable maximum annual charge.You will be notified in advance of a GMWB Charge increase and may elect to discontinue the automatic step-ups.  Such election must be received in Good Order prior to the Contract Anniversary.  Please be aware that election to discontinue the automatic step-ups will also discontinue the application of the GWB bonus.  While electing to discontinue the automatic step-ups will prevent an increase in charge, discontinuing step-ups and, therefore, discontinuing application of the GWB bonus also means foregoing possible increases in your GWB and/or GAWA so carefully consider this decision should we notify you of a charge increase.  (Please see the “Bonus” subsection below for more information.)  Also know that you may subsequently elect to reinstate the step-up provision together with the GWB bonus provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary following receipt of the request in Good Order.

The GWB can never be more than $5 million with a step-up. However, the BDB is not subject to a $5 million maximum; therefore, it is still possible for the GAWA percentage to increase even when the GWB has hit its $5 million maximum because automatic step-ups still occur if the Contract Value is greater than the BDB.  For example, assume the GWB and BDB are equal to $5 million prior to a step-up.  Also assume that the GAWA percentage is 4.7 5% and the GAWA is $ 237,500 .  If, at the time of step-up, the Contract Value is $6 million, a step-up will occur.  The GWB will remain at its maximum of $5 million but the BDB will be set equal to $6 million.  If an age band has been crossed and the GAWA percentage for the Owner’s attained age is 5.25 %, then the GAWA will be equal to $ 262,500 ( 5.25 % x $5 million).

Please consult the representative who helped you purchase your Contract to be sure if a step-up is right for you and about any increase in charges upon a step-up. Upon step-up, the applicable GMWB charge will be reflected in your confirmation.

Owner’s Death.  The Contract’s death benefit is not affected by this GMWB so long as Contract Value is greater than zero and the Contract is still in the accumulation phase.  Upon your death (or the first Owner’s death with joint Owners) while the Contract is still in force, this GMWB terminates without value, unless continued by the surviving spouse.

Contract Value Is Zero.  With this GMWB, in the event the Contract Value is zero, the Owner will receive annual payments of the GAWA until the death of the Owner (or the death of any joint Owner), so long as the For Life Guarantee is in effect and the Contract is still in the accumulation phase.  The For Life Guarantee will remain in effect if the Contract Value is reduced to zero by adverse investment performance or permissible withdrawals, but will terminate if reduced to zero by an Excess Withdrawal.  If the For Life Guarantee is not in effect, the Owner will receive annual payments of the GAWA until the earlier of the death of the Owner (or the death of any joint Owner) or the date the GWB, if any, is depleted, so long as the Contract is still in the accumulation phase.  The last payment will not exceed the remaining GWB at the time of payment.  If the GAWA percentage has not yet been determined, it will be

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set at the GAWA percentage corresponding to the Owner’s (or oldest joint Owner’s) attained age at the time the Contract Value falls to zero and the GAWA will be equal to the GAWA percentage multiplied to the GWB.

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.

Payments are made on the periodic basis you elect, but no less frequently than annually.  If you die, all rights under your Contract cease.  No subsequent Premium payments will be accepted.  All optional endorsements terminate without value.  And no death benefit is payable, including the Earnings Protection Benefit.

Spousal Continuation.  In the event of the Owner’s death (or the first Owner’s death with joint Owners), the Beneficiary who is the Owner’s spouse may elect to:

●	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.

For more information about spousal continuation of a Contract, please see “Special Spousal Continuation Option” beginning on page 142 .

Termination. This GMWB terminates subject to a prorated GMWB Charge assessed for the period since the last quarterly or monthly charge and all benefits cease on the earliest of:

● The Income Date;  

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●	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.

Annuitization.

Life Income of GAWA.  On the Latest Income Date if the For Life Guarantee is in effect, the Owner may choose this income option instead of one of the other income options listed in the Contract.  This income option provides payments in a fixed dollar amount for the lifetime of the Owner (or, with joint Owners, the lifetime of the joint Owner who dies first).  The total annual amount payable will equal the GAWA in effect at the time of election of this option.  This annualized amount will be paid in the frequency (no less frequently than annually) that the Owner selects.  No further annuity payments are payable after the death of the Owner (or the first Owner’s death with joint Owners), and there is no provision for a death benefit payable to the Beneficiary.  Therefore, it is possible for only one annuity payment to be made under this Income Option if the Owner dies before the due date of the second payment.

If the GAWA percentage has not yet been determined, the GAWA percentage will be based on the Owner’s (or oldest joint Owner’s) attained age at the time of election of this option.  The GAWA percentage will not change after election of this option.

Specified Period Income of the GAWA.  On the Latest Income Date if the For Life Guarantee is not in effect, the Owner may choose this income option instead of one of the other income options listed in the Contract.  (This income option only applies if the GMWB has been continued by the spousal Beneficiary upon the death of the original Owner, in which case the spouse becomes the Owner of the Contract and the Latest Income Date is based on the age of the spouse.)

This income option provides payments in a fixed dollar amount for a specific number of years.  The actual number of years that payments will be made is determined on the calculation date by dividing the GWB by the GAWA.  Upon each payment, the GWB will be reduced by the payment amount.  The total annual amount payable will equal the GAWA but will never exceed the current GWB.  This annualized amount will be paid over the specific number of years in the frequency (no less frequently than annually) that the Owner selects.  If the Owner should die before the payments have been completed, the remaining payments will be made to the Beneficiary, as scheduled.

The “Specified Period Income of the GAWA” income option may not be available if the Contract is issued to qualify under Sections 401, 403, 408 or 457 of the Internal Revenue Code.  For such Contracts, this income option will only be available if the guaranteed period is less than the life expectancy of the spouse at the time the option becomes effective.

See “Guaranteed Minimum Withdrawal Benefit General Considerations” and “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  57 for additional things to consider before electing a GMWB; when electing to annuitize your Contract after having purchased a GMWB; or when the Latest Income Date is approaching and you are thinking about electing or have elected a GMWB.

Effect of GMWB on Tax Deferral.  This GMWB may not be appropriate for Owners who have as a primary objective taking maximum advantage of the tax deferral that is available to them under an annuity contract to accumulate assets.  Please consult your tax and financial advisors before adding this GMWB to a Contract.

Bonus.  The primary purpose of the bonus is to act as an incentive for you to defer taking withdrawals.  A bonus equal to 6% of the Bonus Base (defined below) will be applied to the GWB at the end of each Contract Year within the Bonus Period (also defined below) if no withdrawals are taken during that Contract Year.  The bonus enables the GWB and GAWA to increase in a given

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Contract Year (even during a down market relative to your Contract Value allocated to the Investment Divisions).  The increase, however, may not equal the amount that your Contract Value has declined.  This description of the bonus feature is supplemented by the examples in Appendix D under section “IV.  LifeGuard Freedom 6 Net”, particularly example 10.  The box below has more information about the bonus, including:

● 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 6% of the Bonus Base, which is an amount that 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 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 Bonus Period ends on the earlier of:
	●	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.

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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, 201 4 .  At that time, the bonus period is scheduled to expire on December 1, 202 4 (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, 201 7 ), and the Owner is younger than age 80, the Bonus Period will re-start and will be scheduled to expire on December 1, 202 7 .  Further, assuming that the next Bonus Base increase due to a step-up does not occur until December 1, 202 9 (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, 202 9 , and would be scheduled to expire on December 1, 203 9 .  (Please also see Examples 8 and 9 in Appendix D under section “IV.  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.

Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount (“LifeGuard Freedom 6 Net With Joint Option”).

This Guaranteed Minimum Withdrawal Benefit (GMWB) guarantees the withdrawal of a minimum annual amount for the duration of the life of the Owner and the Owner’s spouse regardless of the performance of the underlying investment options, subject to the conditions described below.  This benefit may be appropriate for those individuals who are looking for a number of features, within a GMWB, that may offer a higher level of guarantee and who are seeking greater access to earnings to provide more income when the Contract performs well, without negatively impacting the guarantees.  By allowing the Owner and the Owner’s spouse to add earnings to the amount of otherwise permissible withdrawals, referred to below as the Earnings-Sensitive Adjustment, he or she has the potential to take greater withdrawals and to receive the same after-tax withdrawal amount every Contract Year (assuming a 40% tax rate).

The following descriptions of this GMWB’s features are supplemented by a basic example below and the examples in Appendix D under section “IV. LifeGuard Freedom 6 Net”.  The guarantees of this GMWB are subject to the endorsement’s terms, conditions, and limitations that are explained below.  Please consult the representative who is helping you purchase your Contract to be sure that this GMWB ultimately suits your needs.

The election of this GMWB under a non-qualified Contract requires the joint Owners to be spouses (as defined under the Internal Revenue Code) and each joint Owner is considered to be a “Covered Life.”

The Owners cannot be subsequently changed (except in the limited circumstances discussed below), and new Owners cannot be added.  Upon death of either joint Owner, the surviving joint Owner will be treated as the primary Beneficiary and all other Beneficiaries will be treated as contingent Beneficiaries.  The For Life Guarantee will not apply to these contingent Beneficiaries, as they are not Covered Lives.

This GMWB is available on a limited basis under non-qualified Contracts for certain kinds of legal entities, such as (i) custodial accounts where the spouses are the joint Annuitants and (ii) trusts where the spouses are the sole beneficial owners, and the For Life Guarantee is based on the Annuitant’s life who dies last.  We will allow changes (a) from joint individual ownership of non-qualified Contracts to ownership by the types of legal entities that we permit or (b) changes of ownership from such a legal entity to the Annuitants or to another such legal entity; however, we do not allow these ownership changes if they are a taxable event under the Code, and no changes of Annuitant subsequent to any such change are allowed.  For Contracts purchased in the state of Oregon, other ownership changes may be permitted, however any ownership change not specifically described above as a permitted change will result in termination of the GMWB.

Tax-qualified Contracts cannot be issued to joint Owners and require the Owner and Annuitant to be the same person.  Under a tax-qualified Contract, the election of this GMWB requires the Owner and primary Beneficiary to be spouses (as defined in the Internal Revenue Code).  The Owner and only the primary spousal Beneficiary named at the election of this GMWB under a tax-qualified Contract will also each be considered a Covered Life, and these Covered Lives cannot be subsequently changed.

In certain circumstances we may permit the elimination of a joint Owner Covered Life or primary spousal Beneficiary Covered Life in the event of divorce.  In such cases, new Covered Lives may not be named.

For tax-qualified Contracts, the Owner and primary spousal Beneficiary cannot be changed while both are living.  If the Owner dies first, the primary spousal Beneficiary will become the Owner upon Spousal Continuation and he or she may name a Beneficiary; however, that Beneficiary is not considered a Covered Life.  Likewise, if the primary spousal Beneficiary dies first, the Owner may name a new Beneficiary; however, that Beneficiary is also not considered a Covered Life and consequently the For Life Guarantee will not apply to the new Beneficiary.

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This GMWB is also available on a limited basis under Qualified Custodial Account Contracts, pursuant to which the Annuitant and a Contingent Annuitant named at election of the GMWB must be spouses and will be the Covered Lives.  The only changes in these arrangements that we permit are that (i) the custodial owner may be changed or (ii) the ownership of the Contract may be transferred to the Annuitant if, at the same time as that transfer, the Contingent Annuitant is designated as the primary (spousal) Beneficiary.

For both non-qualified and tax-qualified Contracts, this GMWB guarantees withdrawals during the Contract’s accumulation phase (i.e., before the Income Date), subject to the following:

●	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.  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.

There is a limit on withdrawals each Contract Year to keep the guarantees of this GMWB in full effect – the greater of the Guaranteed Annual Withdrawal Amount (GAWA) or, for certain tax-qualified Contracts, the required minimum distribution (RMD), plus the Earnings-Sensitive Adjustments during a Contract Year, if any.  Please see “Withdrawals” below for more information about the GAWA and Earnings-Sensitive Adjustments.  The withdrawals that exceed the limit are referred to as “Excess Withdrawals”, as further described below, while those that do not exceed the limit are referred to as “permissible withdrawals” or “permissible amounts.”

This GMWB is available to Covered Lives 35 to 80 years old (proof of age is required and both Covered Livesmust be within the eligible age range).  This GMWB may be added to a Contract on the Issue Date or on any Contract Anniversary and cannot be canceled except by a spousal Beneficiary who is not a Covered Life, who, upon the Owner’s death, may elect to continue the Contract without the GMWB.  To continue joint GMWB coverage upon the death of the Owner (or the death of either joint Owner of a non-qualified Contract), provided that the other Covered Life is still living, the Contract must be continued by election of Spousal Continuation.  Upon continuation, the spouse becomes the Owner and obtains all rights as the Owner.  If you want to elect this GMWB after the Contract Issue Date on a Contract Anniversary (subject to availability), we must receive a request in Good Order within 30 calendar days prior to theContract Anniversary.  This GMWB is not available on a Contract that already has a GMWB (only one GMWB per Contract).

Availability of this GMWB may be subject to further limitation.

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Election.  The GWB depends on when this GMWB is added to the Contract, and the GAWA derives from the GWB.

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 September 16, 2013) 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, minus (for endorsements issued on or after September 16, 2013) any recapture charges that would be assessed on a full withdrawal..
	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.

For endorsements issued on or after September 16, 2013, Contract Enhancements and the corresponding recapture charges are not included in the calculation of the GWB when this GMWB is added to the Contract on the Issue Date.  This is why Premium (net of any applicable Premium taxes) is used to calculate the GWB.  On Contracts with a Contract Enhancement, the result is a GWB that is less than Contract Value when this GMWB is added to the Contract.  For endorsements issued before September 16, 2013, please note that while Contract Enhancements are effectively included in the GWB calculations at and after issue, potential recapture charges are not included at either time. The GWB can never be more than $5 million (including upon step-up, the application of a GWB adjustment or the application of any bonus), and the GWB is reduced by each withdrawal.  (See Examples 1 and 2 in Appendix D under section “IV.  LifeGuard Freedom 6 Net”.)

PLEASE NOTE:  Upon the Owner’s death, the For Life Guarantee is void unless this GMWB is continued by a spousal Beneficiary who is a Covered Life.  However, it is possible for this GMWB to be continued without the For Life Guarantee by a spousal Beneficiary who is not a Covered Life.  Please see the “Spousal Continuation” subsection below for more information.

Withdrawals.  The GAWA percentage and the GAWA are determined at the time of the first withdrawal.  The GAWA is equal to the GAWA percentage multiplied by the GWB prior to the withdrawal.  The GAWA percentage varies according to age group and is determined based on the youngest Covered Life’s attained age at the time of the first withdrawal.  (Elsewhere in this prospectus we refer to this varying GAWA percentage structure as the “varying benefit percentage”.)

The GAWA percentage for each age group is as follows:

For Endorsements Issued On Or After September 16, 2013:

Ages	GAWA Percentage
35 – 64	3.50%
65 – 74	4.50%
75 – 80	5.00%
81+	5.50%

If your endorsement was issued before September 16, 2013, different GAWA percentages than those reflected in the above table may apply. Please refer to your Contract endorsement and the related prospectus disclosure for the GAWA percentages applicable under your Contract at the time of purchase. If you need assistance finding this information, please contact your representative, or contact us at our Annuity Service Center. Our contact information is on the first page of the prospectus.

We reserve the right to prospectively change the GAWA percentages, including the age bands, on new GMWB endorsements.  We recommend you check with your representative to learn about the current level of the GAWA percentages, or contact us at our Annuity Service Center for more information.  Our contact information is on the first page of the prospectus. If we change the GAWA percentages described above, we will follow these procedures:

1) When we issue your Contract we will deliver a copy of the prospectus that includes the notice of change of GAWA percentages in the form of a prospectus update to you.  You will have until the end of the Free Look period to cancel your Contract and this GMWB by returning the Contract to us pursuant to the provisions of the Free Look section (please see “Free Look” on page 147 ).

2) If you are an existing Owner and are eligible to elect this GMWB after the Issue Date, at the time we change the GAWA percentages we will send you the notice of change of GAWA percentages in the form of a prospectus update. If you later

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elect this GMWB, when we receive your election, we will send you the required endorsement with a duplicate notice of change of GAWA percentages. You will have 30 days after receiving the notice to cancel your election of this GMWB by returning the endorsement to us.

In each case, the actual GAWA percentages will be reflected in your Contract endorsement.

In connection with a change of GAWA percentages, as described above, we may continue to offer the existing GAWA percentages, in effect prior to the change, as an Optional GAWA% table at an increased charge. The increased charge for this GMWB will not be greater than the maximum annual charge shown in the charge tables, which in no event exceeds 3.00%. For the charges for each GMWB, please see the section for the applicable GMWB appearing under “Contract Charges” beginning on page 30 . Also, please see the “Optional Endorsements” table under the “FEES AND EXPENSES TABLES” beginning on page 4. The Optional GAWA% table will maintain the GAWA percentages for each age group that were available before the change as reflected in the above table.  If we offer the Optional GAWA% table, the notice of change in the form of a prospectus update, that will be delivered to you, will describe both the change to the GAWA percentages, and the Optional GAWA% table and related charges. We reserve the right to prospectively change the GAWA percentages in the Optional GAWA% table, including the age bands, on new GMWB endorsements subject to the notices and procedures described above.

Withdrawals cause the GWB to be recalculated.  Withdrawals will also cause the GAWA to be recalculated if the withdrawal, plus all prior withdrawals in the current Contract Year, exceeds the greater of the GAWA or, for certain tax-qualified Contracts only, the RMD, plus the Earnings-Sensitive Adjustments during that Contract Year, if any.  In such case, the recalculation of the GAWA will occur whether or not the For Life Guarantee is in effect.  If the GWB is less than the GAWA at the end of any Contract Year and the For Life Guarantee is not in effect, the GAWA will be set equal to the GWB.  This may occur, when over time, payment of the guaranteed withdrawals is nearly complete, the For Life Guarantee is not in effect and the GWB has been depleted to a level below the GAWA. The tables below clarify what happens in each instance.  (Example 14 in Appendix D under section “IV. LifeGuard Freedom 6 Net” demonstrates how withdrawals affect this GMWB’s guaranteed values).  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.

(RMD denotes the required minimum distribution under the Internal Revenue Code for certain tax-qualified Contracts only.  There is no RMD for non-qualified Contracts.  For certain tax-qualified Contracts, this GMWB allows withdrawals greater than the GAWA plus the Earnings-Sensitive Adjustments during that Contract Year, if any, to meet the Contract’s RMD (when the RMD is higher than the GAWA) without compromising the endorsement’s guarantees.  Because the intervals for the GAWA and RMDs are different, namely Contract Years versus calendar years, and because RMDs are subject to other conditions and limitations, if your Contract is a tax-qualified Contract, please see “RMD NOTES” under “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” on page 58 , for more information.)

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 GAWA is not reduced if all withdrawals during any one Contract Year do not exceed the greater of the GAWA or RMD, plus the Earnings-Sensitive Adjustments during that Contract Year, if any.  The GAWA will be reduced at the end of a Contract Year to equal the GWB if the For Life Guarantee is not in effect and the GWB is nearly depleted, resulting in a GWB that is less than the GAWA.  You may withdraw the greater of the GAWA or RMD, plus the Earnings-Sensitive Adjustments during that Contract Year, if any, all at once or throughout the Contract Year.  Withdrawing less than the greater of the GAWA or RMD, plus the Earnings-Sensitive Adjustments, in a Contract Year does not entitle you to withdraw more than the greater of the GAWA or RMD, plus the Earnings-Sensitive Adjustments, in the next Contract Year.  The amount you may withdraw each Contract Year and not cause the GWB and GAWA to be recalculated does not accumulate.

Withdrawing more than the greater of the GAWA or RMD, plus the Earnings-Sensitive Adjustments, if any, in a Contract Year causes the GWB and GAWA to be recalculated (see below and Example 14c in Appendix Dunder section “IV. LifeGuard Freedom 6 Net”).  In recalculating the GWB, the GWB could be reduced by more than the withdrawal amount.  The GAWA is also likely to be reduced.  Therefore, please note that withdrawing more than the greater of the GAWA or RMD, plus the Earnings-Sensitive Adjustments, if any in a Contract Year may have a significantly negative impact on the value of this benefit.

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When a withdrawal, plus all prior withdrawals in the current Contract Year, exceeds thegreater 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 prior to the withdrawal, first reduced dollar-for-dollar for any portion of the 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 is recalculated as follows:
		●	The GAWA prior to the withdrawal is reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal.

The Excess Withdrawal is defined to be the lesser of:

● The total amount of the current withdrawal, or

● 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.

How the Earnings-Sensitive Adjustment works:  As previously stated, the Earnings-Sensitive Adjustment is an amount that the Owner may be allowed to withdraw each Contract Year in addition to the GAWA while keeping the guarantees of this GMWB fully effective.  An Earnings-Sensitive Adjustment calculation is done for each withdrawal taken and the amount, if any, depends on the withdrawal amount and the GMWB Earnings at the time of the withdrawal.  A withdrawal under the Contract that includes an Earnings-Sensitive Adjustment will reduce Contract Value and other values in the same manner as any other withdrawal.

When determining the amount of permissible withdrawals, the formula for this GMWB takes into account two additional factors in computing the Earnings-Sensitive Adjustment (the additional permissible amount attributable to earnings) after all the other standard values such as the GAWA and GWB used in all GMWB endorsements are determined.  The Guaranteed Withdrawal Balance Adjustment is also determined in the same manner without any special computational factors.  Thus, this GMWB is similar to all other GMWBs except with regard to calculating the amount of permissible withdrawals.

The first concept used is the Maximum Eligible Withdrawal Amount Remaining (MEWAR), which is the maximum withdrawal amount (before the application of any Earnings-Sensitive Adjustment) that is eligible for the Earnings-Sensitive Adjustment at a given time.  At any time, the MEWAR is the greater of:

1.	Zero; or
2.	The amount equal to:
	a.	the amount of previous Earnings-Sensitive Adjustments in the current Contract Year; plus,
	b.	the greater of the GAWA or the RMD; less
	c.	all withdrawals previously made in the current Contract Year, including Earnings-Sensitive Adjustments.

The second concept relates to determining what the eligible earnings (GMWB Earnings) were. This involves a calculation that provides that at any time, GMWB Earnings are the greater of:

1.	Zero; or
2.	The Contract Value minus the GMWB Earnings Determination Baseline.

The GMWB Earnings Determination Baseline is determined as follows:  If this GMWB is elected on the Contract’s Issue Date, the GMWB Earnings Determination Baseline is equal to the Premium, net of any applicable Premium taxes.  If this GMWB is elected on any Contract Anniversary, the GMWB Earnings Determination Baseline is equal to Contract Value less any recapture charge that would be assessed on a full withdrawal.

With each subsequent Premium received after the Contract Issue Date, the GMWB Earnings Determination Baseline is recalculated to equal the GMWB Earnings Determination Baseline prior to the Premium payment plus the amount of the Premium payment, net of any applicable Premium taxes.

With each withdrawal, the GMWB Earnings Determination Baseline is recalculated to equal the greater of:

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1.	Zero; or
2.	GMWB Earnings Determination Baseline prior to the withdrawal less the greater of:
	a.	the withdrawal amount less the GMWB Earnings at the time of the withdrawal; or
	b.	zero.

In determining the GMWB Earnings and the GMWB Earnings Determination Baseline, the formulas utilize the greater of zero, which serves to limit negative earnings results from affecting the calculations.

Withdrawals exceeding the permissible amount do not invalidate the For Life Guarantee if the Contract Value remains greater than zero, but cause the GWB and GAWA to be recalculated.

Earnings-Sensitive Adjustment as applied:

If the For Life Guarantee is in effect at the time of the withdrawal, the Earnings-Sensitive Adjustment is equal to the lesser of:

1.	40% of the GMWB Earnings at the time of the withdrawal; or
2.	2/3 of the lesser of the MEWAR and the withdrawal amount prior to any Earnings-Sensitive Adjustment.

If the For Life Guarantee is not in effect at the time of the withdrawal, the Earnings-Sensitive Adjustment is equal to the lesser of:

1.	40% of the GMWB Earnings at the time of withdrawal;
2.	2/3 of the lesser of the MEWAR and the withdrawal amount prior to any Earnings-Sensitive Adjustment; or
3.	The greater of:
	a.	zero; or
	b.	the GWB less the MEWAR.

Example:  For an example of a contract that makes basic simple assumptions to show how this Earnings-Sensitive Adjustment provision and its various components (i.e., GMWB Earnings, MEWAR, GMWB Earnings Determination Baseline, etc.) work, assume that you request the maximum permissible withdrawal, including an Earnings Sensitive Adjustment, if any.  At the time of your withdrawal request, also assume that:

●      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
●      The For Life Guarantee is in effect	withdrawals in the prior Contract Years or the current Contract Year
●      Your GWB is $100,000	●      Your GAWA percentage is 5%
●      Your GAWA is $5,000	●      Your Contract Value is $108,000

Your GMWB Earnings Determination Baseline prior to the withdrawal is equal to your initial sole Premium payment of  $100,000.  Since you have not taken other withdrawals and, therefore, there have been no previous Earnings-Sensitive Adjustments during the current Contract Year, the MEWAR is $5,000 (which is the greater of: zero, or the Earnings-Sensitive Adjustments thus far in the current Contract Year ($0) plus the GAWA ($5,000) less all partial withdrawals thus far in the current Contract year ($0)) ($0 + $5,000 - $0 = $5,000).  As there have been no previous withdrawals taken in the current Contract Year, the MEWAR in this example equals the GAWA.

Your GMWB Earnings in this example are equal to $8,000, which is the greater of: zero, or your Contract Value less your GMWB Earnings Determination Baseline ($108,000 - $100,000 = $8,000).  The Earnings-Sensitive Adjustment is equal to $3,200, which is the lesser of two amounts: $3,200, which is equal to 40% of the GMWB Earnings (0.40 * $8,000 = $3,200); and $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).  The total withdrawal amount requested in this example, therefore, is $8,200, which is the MEWAR plus the Earnings-Sensitive Adjustment ($5,000 + $3,200 = $8,200).

Going forward adjustments are made to your various GMWB values and demonstrated by using the same assumptions as this example. Your Contract Value after the withdrawal is equal to $99,800, which is the Contract Value prior to the withdrawal less the total withdrawal amount ($108,000 - $8,200 = $99,800).  Your GMWB Earnings Determination Baseline after the withdrawal is also equal to $99,800, which is the GMWB Earnings Determination Baseline prior to the withdrawal ($100,000) reduced by the greater of: the withdrawal amount in excess of the GMWB Earnings ($8,200 - $8,000 = $200), or zero.  Your MEWAR after the withdrawal is equal to $0, which is the greater of: zero, or the Earnings-Sensitive Adjustments thus far in the current Contract Year plus the GAWA less all withdrawals thus far in the current Contract Year ($3,200 + $5,000 - $8,200 = 0).  Your GWB after the withdrawal is equal to $91,800, which is the GWB before the withdrawal less the total withdrawal ($100,000 - $8,200 = $91,800).

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Since the total withdrawals for the year do not exceed the total Earnings-Sensitive Adjustments for the current Contract Year ($3,200) plus the GAWA ($5,000), no proportional reduction applies to your GWB for this withdrawal.  In addition, since the total withdrawals for the year do not exceed the total Earnings-Sensitive Adjustments for the current Contract Year ($3,200) plus the GAWA ($5,000), your GAWA is unchanged after the withdrawal.

For more examples showing how the Earnings-Sensitive Adjustment provision works, including an example involving an Excess Withdrawal, please see Example 14 in Appendix Dunder section “IV. LifeGuard Freedom 6 Net”.

More on Withdrawals:  Withdrawals under this GMWB are assumed to be the total amount deducted from the Contract Value, including any withdrawal charges, recapture charges and other charges or adjustments.  Any withdrawals from Contract Value allocated to a Fixed Account Option may be subject to an Excess Interest Adjustment.  For more information, please see “THE FIXED ACCOUNT AND GMWB FIXED ACCOUNT” beginning on page 14.  Withdrawals may be subject to a recapture charge on any Contract Enhancement.  Withdrawals in excess of free withdrawals may be subject to a withdrawal charge.

Withdrawals under this GMWB are considered the same as any other withdrawals for the purposes of calculating any other values under the Contract and any other endorsements (for example, the Contract’s death benefit).  All withdrawals count toward the total amount withdrawn in a Contract Year, including systematic withdrawals, RMDs for certain tax-qualified Contracts, withdrawals of asset allocation and advisory fees, and free withdrawals under the Contract.  They are subject to the same restrictions and processing rules as described in the Contract.  They are also treated the same for federal income tax purposes.  For more information about tax-qualified and non-qualified Contracts, please see “TAXES” beginning on page 143 .

If the age of any Covered Life is incorrectly stated at the time of election of the GMWB, on the date the misstatement is discovered, the GWB and the GAWA will be recalculated based on the GAWA percentage applicable at the correct age.  Any future GAWA percentage recalculation will be based on the correct age.  If the age at election of either Covered Life falls outside the allowable age range, the GMWB will be null and void and all GMWB charges will be refunded.

Withdrawals made under section 72(t) or section 72(q) of the Code are not considered RMDs for purposes of preserving the guarantees under this GMWB.  Such withdrawals that exceed the GAWA will have the same effect as any withdrawal or excess withdrawal as described above and, consistent with that description, may cause a significant negative impact to your benefit.

Guaranteed Withdrawal Balance Adjustment.  If no withdrawals are taken from the Contract on or prior to the GWB Adjustment Date (as defined below), then you will receive a GWB adjustment.  Tax-qualified plan Contract owners should consider the impact of Required Minimum Distributions on this benefit since any withdrawal from the Contract will void the GWB adjustment.

The GWB Adjustment Date is the later of:

● The Contract Anniversary on or immediately following the youngest Covered Life’s 70th birthday, Or  

● The 12th Contract Anniversary (10th Contract Anniversary for endorsements issued before September 16, 2013) following the effective date of this endorsement.

The GWB adjustment is determined as follows:

● 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 amount of the Premium payment, net of any applicable Premium taxes, plus (for endorsements issued before September 16, 2013) any Contract Enhancement -- subject to a maximum of $5,000,000.  (See Examples 4 and 5 in Appendix D under section “IV. 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 September 16, 2013) any Contract Enhancement -- subject to a maximum of $5,000,000.  (See Examples 4 and 5 in Appendix D under section “IV. LifeGuard Freedom 6 Net”.)

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If no withdrawals are taken on or prior to the GWB Adjustment Date, the GWB will be re-set on that date to equal the greater of the current GWB or the GWB adjustment.  No adjustments are made to the Bonus Base, the GMWB Earnings Determination Baseline or the Benefit Determination Baseline (explained below under “Step-Up”).  Once the GWB is re-set, this GWB adjustment provision terminates.  In addition, if a withdrawal is taken on or before the GWB Adjustment Date, this GWB adjustment provision terminates without value.  (Please see example 13 in Appendix D under section “IV. LifeGuard Freedom 6 Net” for an illustration of this GWB adjustment provision.)

Premiums.

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 September 16, 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, plus ii) (for endorsements issued before September 16, 2013) any Contract Enhancement; Or
		●	The GAWA percentage multiplied by the increase in the GWB – if the maximum GWB is hit.

We require prior approval for a subsequent Premium payment that would result in your Contract having $1 million of Premiums in the aggregate.  We also reserve the right to refuse subsequent Premium payments.  The GWB can never be more than $5 million.  See Example s 4b and 5b in Appendix D under section “IV. LifeGuard Freedom 6 Net” to see how the GWB is recalculated when the $5 million maximum is hit.

Step-Up.  On each Contract Anniversary following the effective date of this GMWB, if the Contract Value is greater than the GWB, the GWB will be automatically re-set to the Contract Value (a “step-up”).  (See Examples 8 and 9 in Appendix Dunder section “IV. LifeGuard Freedom 6 Net”.)

In addition to an increase in the GWB, a step-up allows for a potential increase in the GAWA percentage in the event that the step-up occurs after the first withdrawal.  The value used to determine whether the GAWA percentage will increase upon step-up is called the Benefit Determination Baseline (BDB).  If this GMWB is elected on the Contract’s Issue Date, the BDB equals initial Premium net of any applicable Premium taxes, plus (for endorsements issued before September 16, 2013) any Contract Enhancement.  If this GMWB is elected on any Contract Anniversary (subject to availability), the BDB equals Contract Value less (for endorsements issued on or after September 16, 2013) any recapture charges that would be assessed on a full withdrawal.

Upon step-up, if the Contract Value is greater than the BDB and the step-up occurs after the first withdrawal, the GAWA percentage will be re-determined based on the youngest Covered Life’s attained age.  If an age band is crossed, the GAWA percentage will be increased.  For example, assume the youngest Covered Life was age 73 at the time of the first withdrawal resulting in, according to the table above, a GAWA percentage of 4.50%.  Also assume that, when the youngest Covered Life is age 76, a step-up occurs and the Contract Value is greater than the BDB; in that case, the GAWA percentage will be re-determined based on the youngest Covered Life’s attained age of 76, resulting in a new GAWA percentage of 5.00%.

Upon step-up, if the Contract Value is not greater than the BDB, the GAWA percentage remains unchanged regardless of whether an age band has been crossed.

In the event that the Contract Value is greater than the BDB, the BDB is set equal to the Contract Value.  The purpose of this re-set is to increase the BDB that will be used to determine whether the GAWA percentage will increase upon a future step-up if an age band is crossed.

Withdrawals do not affect the BDB.  Subsequent Premium payments increase the BDB by the amount of the Premium net of any applicable Premium taxes, plus (for endorsements issued before September 16, 2013) any Contract Enhancement.  In addition, unlike the GWB, the BDB is not subject to any maximum amount.  Therefore, it is possible for the BDB to be morethan $5 million.

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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 GAWApercentage 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 GAWAprior to step-up.

PLEASE NOTE: Withdrawals from the Contract reduce the GWB and Contract Value but do not affect the BDB.  In the event of withdrawals, the BDB remains unchanged.  Therefore, because the Contract Value must be greater than the BDB prior to step-up in order for the GAWA percentage to increase, a GAWA percentage increase may become less likely when continuing withdrawals are made from the Contract.

Upon step-up on or after the 2nd Contract Anniversary following the effective date of this GMWB, the GMWB charge may be increased, subject to the maximum annual charge of 3.00%.  You will be notified in advance of a GMWB Charge increase and may elect to discontinue the automatic step-ups.  Such election must be received in Good Order prior to the Contract Anniversary.  Please be aware that election to discontinue the automatic step-ups will also discontinue the application of the GWB bonus.  While electing to discontinue the automatic step-ups will prevent an increase in charge, discontinuing step-ups and, therefore, discontinuing application of the GWB bonus also means foregoing possible increases in your GWB and/or GAWA so carefully consider this decision should we notify you of a charge increase.  (Please see the “Bonus” subsection below for more information.)  Also know that you may subsequently elect to reinstate the step-up provision together with the GWB bonus provision at the then current GMWB Charge.  All requests will be effective on the Contract Anniversary following receipt of the request in Good Order.

The GWB can never be more than $5 million with a step-up.  However,the BDB is not subject to a $5 million maximum; therefore, it is still possible for the GAWA percentage to increase even when the GWB has hit its $5 million maximum because automatic step-ups still occur if the Contract Value is greater than the BDB.  For example, assume the GWB and BDB are equal to $5 million prior to a step-up.  Also assume that the GAWA percentage is 4. 5 0 % and the GAWA is $2 2 5,000.  If, at the time of step-up, the Contract Value is $6 million, a step-up will occur.  The GWB will remain at its maximum of $5 million but the BDB will be set equal to $6 million.  If an age band has been crossed and the GAWA percentage for the youngest Covered Life’s attained age is 5.00 %, then the GAWA will be equal to $ 25 0,000 ( 5.00 % x $5 million).

Please consult the representative who helped you purchase your Contract to be sure if a step-up is right for you and about any increase in charges upon a step-up. Upon step-up, the applicable GMWB charge will be reflected in your confirmation.

Owner’s Death.  The Contract’s death benefit is not affected by this GMWB so long as Contract Value is greater than zero and the Contract is still in the accumulation phase.  Upon the death of the sole Owner of a qualified Contract or the death of either joint Owner of a non-qualified Contract while the Contract is still in force, this GMWB terminates without value, unless continued by the surviving spouse.  Please see the information beginning on page  92 regarding the required ownership and beneficiary structure under both qualified and non-qualified Contracts when selecting this Joint For Life GMWB With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount benefit.

Contract Value Is Zero.  With this GMWB, in the event the Contract Value is zero, the Owner will receive annual payments of the GAWA until the death of the last surviving Covered Life, so long as the For Life Guarantee is in effect and the Contract is still in the accumulation phase.  The For Life Guarantee will remain in effect if the Contract Value is reduced to zero by adverse investment performance or permissible withdrawals, but will terminate if reduced to zero by an Excess Withdrawal.  If the For Life Guarantee is not in effect, the Owner will receive annual payments of the GAWA until the earlier of the death of the Owner (or the death of any joint Owner) or the date the GWB, if any, is depleted, so long as the Contract is still in the accumulation phase.  The last payment will not exceed the remaining GWB at the time of payment.  If the GAWA percentage has not yet been determined, it will be set at the GAWA percentage corresponding to the youngest Covered Life’s attained age at the time the Contract Value falls to zero and the GAWA will be equal to the GAWA percentage multiplied to the GWB.

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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.

Payments are made on the periodic basis you elect, but no less frequently than annually.  Upon death of the last surviving Covered Life, all rights under the Contract cease.  No subsequent Premium payments will be accepted.  All optional endorsements terminate without value.  And no death benefit is payable, including the Earnings Protection Benefit.

Spousal Continuation.  In the event of the Owner’s (or either joint Owner’s) death, the surviving spousal Beneficiary may elect to:

●	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 A djustment D ate 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.

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● 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.

For more information about spousal continuation of a Contract, please see “Special Spousal Continuation Option” beginning on page 142 .

Termination. This GMWB terminates subject to a prorated GMWB Charge assessed for the period since the last quarterly or monthly charge and all benefits cease on the earliest of:

●	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.

Annuitization.

Joint Life Income of GAWA.  On the Latest Income Date if the For Life Guarantee is in effect, the Owner may choose this income option instead of one of the other income options listed in the Contract.  This income option provides payments in a fixed dollar amount for the lifetime of last surviving Covered Life.  The total annual amount payable will equal the GAWA in effect at the time of election of this option.  This annualized amount will be paid in the frequency (no less frequently than annually) that the Owner selects.  No further annuity payments are payable after the death of the last surviving Covered Life, and there is no provision for a death benefit payable to the Beneficiary.  Therefore, it is possible for only one annuity payment to be made under this Income Option if both Covered Lives die before the due date of the second payment.

If the GAWA percentage has not yet been determined, the GAWA percentage will be based on the youngest Covered Life’s attained age at the time of election of this option.  The GAWA percentage will not change after election of this option.

Specified Period Income of the GAWA.  On the Latest Income Date if the For Life Guarantee is not in effect, the Owner may choose this income option instead of one of the other income options listed in the Contract.  (This income option only applies if the GMWB has been continued by the spousal Beneficiary and the spousal Beneficiary is not a Covered Life in which case the spouse becomes the Owner of the Contract and the Latest Income Date is based on the age of the spouse.)

This income option provides payments in a fixed dollar amount for a specific number of years.  The actual number of years that payments will be made is determined on the calculation date by dividing the GWB by the GAWA.  Upon each payment, the GWB will be reduced by the payment amount.  The total annual amount payable will equal the GAWA but will never exceed the current GWB.  This annualized amount will be paid over the specific number of years in the frequency (no less frequently than annually) that the Owner selects.  If the Owner should die before the payments have been completed, the remaining payments will be made to the Beneficiary, as scheduled.

The “Specified Period Income of the GAWA” income option may not be available if the Contract is issued to qualify under sections 401, 403, 408 or 457 of the Internal Revenue Code.  For such Contracts, this

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income option will only be available if the guaranteed period is less than the life expectancy of the spouse at the time the option becomes effective.

See “Guaranteed Minimum Withdrawal Benefit General Considerations” and “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page 57 for additional things to consider before electing a GMWB; when electing to annuitize your Contract after having purchased a GMWB; or when the Latest Income Date is approaching and you are thinking about electing or have elected a GMWB.

Effect of GMWB on Tax Deferral.  This GMWB may not be appropriate for Owners who have as a primary objective taking maximum advantage of the tax deferral that is available to them under an annuity contract to accumulate assets.  Please consult your tax and financial advisors before adding this GMWB to a Contract.

Bonus.  The primary purpose of the bonus is to act as an incentive for you to defer taking withdrawals.  A bonus equal to 6% of the Bonus Base (defined below) will be applied to the GWB at the end of each Contract Year within the Bonus Period (also defined below) if no withdrawals are taken during that Contract Year.  The bonus enables the GWB and GAWA to increase in a given Contract Year (even during a down market relative to your Contract Value allocated to the Investment Divisions).  The increase, however, may not equal the amount that your Contract Value has declined.  This description of the bonus feature is supplemented by the examples in Appendix Dunder section “IV. LifeGuard Freedom 6 Net”, particularly example 10.  The box below has more information about the bonus, including:

● 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 6% of the Bonus Base, which is an amount that 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 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 September 16, 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.

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	●	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 Bonus Period ends on the earlier of:
	●	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, 201 4 .  At that time, the bonus period is scheduled to expire on December 1, 202 4 (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, 201 7 ), 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, 202 7 .  Further, assuming that the next Bonus Base increase due to a step-up does not occur until December 1, 202 9 (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, 202 9 , and would be scheduled to expire on December 1, 203 9 .  (Please also see Examples 8 and 9 in Appendix D under section “IV. 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.

Guaranteed Minimum Withdrawal Benefits for a Single Life or two Covered Lives with Combinations of Optional Bonus Percentage Amounts, Annual or Quarterly Contract Value-Based Step-Ups, and Guaranteed Death Benefit (“LifeGuard Freedom Flex GMWB” and “LifeGuard Freedom Flex with Joint Option GMWB”).

PLEASE NOTE:  THE QUARTERLY STEP-UPS ARE NO LONGER AVAILABLE TO ADD TO A CONTRACT.

These are Guaranteed Minimum Withdrawal Benefits (GMWBs) that guarantee the withdrawal of minimum annual amounts for the duration of the life of the Owner (or, in the case of joint Owners, until the death of any joint Owner) and, if for two Covered Lives,* until the death of the Owner and the Owner’s spouse.  The amount of withdrawals that you can make will depend on how you combine the many optional features under these GMWBs, but we guarantee the minimum annual withdrawal amount regardless of the performance of the underlying investment options.

* LifeGuard Freedom Flex GMWB with Joint Option provides for coverage for the life of the Owner and Owner’s spouse (“Covered Lives”).  In the case of tax-qualified Contracts owned by a natural person, the Owner and the primary spousal Beneficiary named as of the effective date of this endorsement will each be considered a Covered Life. On non-qualified LifeGuard Freedom Flex GMWB with Joint Option Contracts owned by natural persons, the spousal joint Owners will each be considered a Covered Life.

These GMWBs permit, prior to being added to the Contract, a selection among combinations of the following optional features (Options):

● a range of bonus percentage amounts,

● annual or quarterly Contract Value step-ups (quarterly step-ups are applied annually based on the highest quarterly Contract Value), and

● an optional death benefit.

Following is a summary of the available combinations of Options:

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LifeGuard Freedom Flex GMWB -
Available Option Combinations

	Step-Up
	Annual or Highest Quarterly	Freedom Flex
Bonus	Contract Value	Death Benefit (DB)
5%	Annual
5%***	Quarterly
6%	Annual	*Yes
6%***	Quarterly
7%	Annual
7%***	Quarterly

LifeGuard Freedom Flex with Joint Option GMWB-
Available Option Combinations

	Step-Up
	Annual or Highest Quarterly
Bonus	Contract Value
5%	Annual
5%****	Quarterly
6%	Annual
6%**	Quarterly
7%	Annual

*This Guaranteed Death Benefit is only available in conjunction with the purchase of the 6% Bonus and Annual Step-Up combination of options within the LifeGuard Freedom Flex GMWB  (the “LifeGuard Freedom Flex GMWB 6% Bonus and Annual Step-Ups”).

** No longer offered on or after September 10, 2012.

*** No longer offered on or after April 29, 2013.

****No longer offered on or after October 15, 2012.

These GMWBs may be appropriate for those individuals who are looking for a combination of Options within a GMWB that differs from the combinations of specified similar features offered by Jackson under other GMWBs.  Thus, the LifeGuard Freedom Flex GMWB and LifeGuard Freedom Flex with Joint Option GMWB allow the Owner (or the Owner and the Owner’s spouse), with the assistance of his or her representative, to select an available combination of Options, consistent with a variety of considerations, such as: his or her expectations of market performance; anticipated timing of subsequent Premiums; needs for future guaranteed annual percentage of withdrawals; expectation of need for early or unscheduled withdrawals to fund then current living expenses and obligations; marital and family status; and tax-qualified or non-tax-qualified purpose of the investment.

Differences in the percentage of a Bonus Option or differences in the method of computing Contract Value for purposes of a step-up Option do not otherwise affect the operation of the resulting combination of Options.

References to “this GMWB” apply to each of the GMWBs, LifeGuard Freedom Flex GMWB and LifeGuard Freedom Flex with Joint Option GMWB, including all of the available combinations of Options that each provides, as discussed below.  In addition, as disclosed in the Fee s and Expenses Table s , the charges of each GMWB will vary depending on the mix of Options. Upon selection of the Options and a request for one of these GMWBs received in Good Order, the Owner will receive an endorsement to the Contract reflecting the selection of Options.

Each combination of Options, other than the combination that includes the LifeGuard Freedom Flex DB (for information about the LifeGuard Freedom Flex DB, please see “LifeGuard Freedom Flex DB” under “Optional Death Benefits”, beginning on page 140 ) is offered to Owners between the ages of 35 and 80.  As explained below with regard to both the LifeGuard Freedom Flex GMWB and LifeGuard Freedom Flex with Joint Option GMWB, the timing and amounts of withdrawals have a significant impact on the amount and duration of benefits.  The cumulative costs of these GMWBs also are greater the longer the duration of ownership.  The closer you are to retirement the more reliably you may be able to forecast your needs to make withdrawals prior to the ages where the amounts of certain benefits (such as the For Life Guarantee (59 1/2) and the GWB a djustment (70)) are locked-in.  Conversely, forecasts at younger ages may prove less reliable.  You should undertake careful consideration and thorough consultation with your representative or retirement planning agent as to the financial resources and age of the Owner/Annuitant and the value to you of the potentially limited downside protection that this GMWB might provide.

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These GMWBs may not be terminated by the Owner independently from the Contract to which they are attached.

LifeGuard Freedom Flex GMWB.
 

The following description of this GMWB is supplemented by the examples in Appendix D under section “V. LifeGuard Freedom Flex”, particularly example 3 for the varying benefit percentage, examples 8 and 9 for the step-ups and example 13 for the guaranteed withdrawal balance adjustment.

This GMWB guarantees partial withdrawals during the Contract’s accumulation phase (i.e., before the Income Date) subject to the following:

●	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.

Please consult the representative who is helping, or who helped, you purchase your Contract to be sure that this GMWB and the combination of Options you ultimately choose suit your needs and are consistent with your expectations.

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This GMWB is available to Owners 35 to 80 years old, or 35 to 67 (70 for endorsements issued before April 29, 2013) years old if you select the Option combination that includes the LifeGuard Freedom Flex DB, (proof of age is required).  This GMWB may be added to a Contract on the Issue Date or on any Contract Anniversary.  Please note, while this GMWB may be added to a Contract on any Contract Anniversary (subject to availability), the LifeGuard Freedom Flex DB is not available after issue and can only be added on the Issue Date.  Once added this GMWB cannot be cancelled except by a Beneficiary who is the Owner’s spouse, who, upon the Owner’s death, may elect to continue the Contract without the GMWB.  If you want to elect this GMWB after the Contract Issue Date on a Contract Anniversary (subject to availability), we must receive a request in Good Order within 30 calendar days prior to the Contract Anniversary.  This GMWB is not available on a Contract that already has a GMWB (only one GMWB per Contract).  Availability of the GMWB may be subject to further limitation.

We allow ownership changes of a Contract with this GMWB (i) from an individual Owner that is a natural person to a trust, if that individual and the Annuitant are the same person or (ii) when the Owner is a legal entity, to another legal entity or the Annuitant.  However, we do not allow these Ownership changes if they are a taxable event under the Code. In certain circumstances, we may permit the elimination of a joint Owner in the event of divorce. For Contracts purchased in the state of Oregon, other ownership changes may be permitted, however any ownership change not described above as a permitted change, will result in termination of the GMWB.  Otherwise, changes of Owner are not allowed.  When the Owner is a legal entity, changing Annuitants is not allowed.

There is a limit on withdrawals each Contract Year to keep the guarantees of this GMWB in full effect – the greater of the Guaranteed Annual Withdrawal Amount (GAWA) and for certain tax-qualified Contracts, the required minimum distribution (RMD) under the Internal Revenue Code.  Withdrawals exceeding the limit do not invalidate the For Life Guarantee, but cause the GWB and GAWA to be recalculated.  Please see “Election” and “Withdrawals” below for more information about the GWB and GAWA.

Election. The GWB depends on when this GMWB is added to the Contract, and the GAWA derives from the GWB for all combinations of Options.

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 Enhancements.
	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.

For endorsements issued on or after April 29, 2013, Contract Enhancements and the corresponding recapture charges are not included in the calculation of the GWB when this GMWB is added to the Contract on the Issue Date.  This is why Premium (net of any applicable Premium taxes) is used to calculate the GWB.  On Contracts with a Contract Enhancement, the result is a GWB that is less than Contract Value when this GMWB is added to the Contract. For endorsements issued before April 29, 2013, please note that while Contract Enhancements are effectively included in the GWB calculations at and after issue, potential recapture charges are not included at either time.  (See Examples 1 and 2 in Appendix D under section “V.  LifeGuard Freedom Flex”.)

The GWB can never be more than $5 million (including upon step-up, the application of a GWB a djustment or the application of any bonus), and the GWB is reduced by each withdrawal.

PLEASE NOTE:  Upon the Owner’s or any joint Owner’s death, the For Life Guarantee is void.  However, this GMWB might be continued by a spousal Beneficiary without the For Life Guarantee.  Please see the “Spousal Continuation” subsection below for more information. If the For Life Guarantee is not in effect, upon the death of the Owner or the death of any joint Owner or the depletion of the GWB, all payments will cease and Spousal Continuation is not available.

Withdrawals.  The GAWA percentage and the GAWA are determined at the time of the first withdrawal.  The GAWA is equal to the GAWA percentage multiplied by the GWB prior to the partial withdrawal.  The GAWA percentage varies according to age group and is determined based on the Owner’s attained age at the time of the first withdrawal.  If there are joint Owners, the GAWA percentage is based on the attained age of the oldest joint Owner.  (Elsewhere in this prospectus we refer to this varying GAWA percentage structure as the “varying benefit percentage”.)

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You may elect an Optional Income Upgrade Table for an additional charge (see “For Life GMWB With Bonus and Step-Up Charge” beginning on page 40 ).  The Optional Income Upgrade Table provides higher GAWA percentages for each age group as reflected in the tables below.

The GAWA percentages for each age group, depending on whether you elected the Optional Income Upgrade Table, are as follows:

For Endorsements Issued On Or After April 29, 2013:

Ages	Base GAWA% Table	Optional Income Upgrade Table
35 – 64	3.75%	4.00%
65 – 74	4.75%	5.00%
75 – 80	5.25%	5.50%
81+	5.75%	6.00%

If your endorsement was issued before April 29, 2013, different GAWA percentages than those reflected in the above tables may apply. Please refer to your Contract endorsement and the related prospectus disclosure for the GAWA percentages applicable under your Contract at the time of purchase. If you need assistance finding this information, please contact your representative, or contact us at our Annuity Service Center. Our contact information is on the first page of the prospectus.

We reserve the right to prospectively change the GAWA percentages, including the age bands, on new GMWB endorsements.  We recommend you check with your representative to learn about the current level of the GAWA percentages, or contact us at our Annuity Service Center for more information.  Our contact information is on the first page of the prospectus. If we change the GAWA percentages described above, we will follow these procedures:

1) When we issue your Contract we will deliver a copy of the prospectus that includes the notice of change of GAWA percentages in the form of a prospectus update to you.  You will have until the end of the Free Look period to cancel your Contract and this GMWB by returning the Contract to us pursuant to the provisions of the Free Look section (please see “Free Look” on page 147 ).

2) If you are an existing Owner and are eligible to elect this GMWB after the Issue Date, at the time we change the GAWA percentages we will send you the notice of change of GAWA percentages in the form of a prospectus update. If you later elect this GMWB, when we receive your election, we will send you the required endorsement with a duplicate notice of change of GAWA percentages. You will have 30 days after receiving the notice to cancel your election of this GMWB by returning the endorsement to us.

In each case, the actual GAWA percentages will be reflected in your Contract endorsement.

In connection with a change of GAWA percentages, as described above, we may continue to offer the existing GAWA percentages, in effect prior to the change, as an Optional GAWA% table at an increased charge. The increased charge for any combination of options under the Freedom Flex GMWB will not be greater than the maximum annual charges shown in the charge tables, which in no event exceed 3.00%. For the charges for each GMWB, please see the section for the applicable GMWB appearing under “Contract Charges” beginning on page 30 . Also, please see the “Optional Endorsements” table under the “FEES AND EXPENSES TABLES” beginning on page 4. The Optional GAWA% table will maintain the GAWA percentages for each age group that were available before the change as reflected in the above table.  If we offer the Optional GAWA% table, the notice of change in the form of a prospectus update, that will be delivered to you, will describe both the change to the GAWA percentages, and the Optional GAWA% table and related charges. We reserve the right to prospectively change the GAWA percentages in the Optional GAWA% table, including the age bands, on new GMWB endorsements subject to the notices and procedures described above.

Withdrawals cause the GWB to be recalculated.  Withdrawals will also cause the GAWA to be recalculated if the withdrawal, plus all prior withdrawals in the current Contract Year, exceeds the GAWA, or for certain tax-qualified Contracts only, the RMD (if greater than the GAWA).  In such case, the recalculation of the GAWA will occur whether or not the For Life Guarantee is in effect.  If the GWB is less than the GAWA at the end of any Contract Year and the For Life Guarantee is not in effect, the GAWA will be set equal to the GWB.  This may occur, when over time, payment of the guaranteed withdrawals is nearly complete, the For Life Guarantee is not in effect and the GWB has been depleted to a level below the GAWA. The tables below clarify what happens in each instance.  (RMD denotes the required minimum distribution under the Internal Revenue Code for certain tax-qualified Contracts only.  There is no RMD for non-qualified Contracts.)  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.

For certain tax-qualified Contracts, this GMWB allows withdrawals greater than GAWA to meet the Contract’s RMD without compromising the endorsement’s guarantees.  Examples 6, 7 and 9 in Appendix D under section “V. LifeGuard Freedom Flex”

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supplement this description.  Because the intervals for the GAWA and RMDs are different, namely Contract Years versus calendar years, and because RMDs are subject to other conditions and limitations, if your Contract is a tax-qualified Contract, please see “RMD NOTES” under “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” on page 58 , for more information.

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 GAWA is not reduced if all withdrawals during any one Contract Year do not exceed the greater of the GAWA or RMD, as applicable.  The GAWA will be reduced at the end of a Contract Year to equal the GWB if the For Life Guarantee is not in effect and the GWB is nearly depleted, resulting in a GWB that is less than the GAWA.  You may withdraw the greater of the GAWA or RMD, as applicable, all at once or throughout the Contract Year.  Withdrawing less than the greater of the GAWA or RMD, as applicable, in a Contract Year does not entitle you to withdraw more than the greater of the GAWA or RMD, as applicable, in the next Contract Year.  The amount you may withdraw each Contract Year and not cause the GWB and GAWA to be recalculated does not accumulate.

Withdrawing more than the greater of the GAWA or RMD, as applicable, in a Contract Year causes the GWB and GAWA to be recalculated (see below and Example 7 in Appendix D under section “V. LifeGuard Freedom Flex”). In recalculating the GWB, the GWB could be reduced by more than the withdrawal amount.  The GAWA is also likely to be reduced.  Therefore, please note that withdrawing more than the greater of the GAWA or RMD, as applicable, in a Contract Year may have a significantly negative impact on the value of this benefit.

When a withdrawal, plus all prior withdrawals in the current Contract Year, exceeds the greater of the GAWA or RMD, as applicable –	The GWB is recalculated, equaling the greater of:
		●	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 is recalculated as follows:
		●	The GAWA prior to the partial withdrawal is reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal.

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.

Withdrawals under this GMWB are assumed to be the total amount deducted from the Contract Value, including any withdrawal charges, asset allocation fees, recapture charges and other charges or adjustments.  Any withdrawals from Contract Value allocated to a Fixed Account Option may be subject to an Excess Interest Adjustment.  For more information, please see “THE FIXED ACCOUNT AND GMWB FIXED ACCOUNT” beginning on page 14. Withdrawals may be subject to a recapture charge on any Contract Enhancement.  Withdrawals in excess of free withdrawals may be subject to a withdrawal charge.

Withdrawals under this GMWB are considered the same as any other partial withdrawals for the purposes of calculating any other values under the Contract and any other endorsements (for example, the Contract’s death benefit).  All withdrawals count toward the total amount withdrawn in a Contract Year, including systematic withdrawals, RMDs for certain tax-qualified Contracts, withdrawals of asset allocation and advisory fees, and free withdrawals under the Contract.  They are subject to the same restrictions and processing rules as described in the Contract.  They are also treated the same for federal income tax purposes.  For more information about tax-qualified and non-qualified Contracts, please see “TAXES” beginning on page 143 .

If the age of any Owner is incorrectly stated at the time of election of the GMWB, on the date the misstatement is discovered, the GWB and the GAWA will be recalculated based on the GAWA percentage applicable at the correct age.  Any future GAWA percentage recalculation will be based on the correct age.  If the age at election of the Owner (or oldest joint Owner) falls outside the allowable age range, the GMWB will be null and void and all GMWB charges will be refunded.

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Withdrawals made under section 72(t) or section 72(q) of the Code are not considered RMDs for purposes of preserving the guarantees under this GMWB.  Such withdrawals that exceed the GAWA will have the same effect as any withdrawal or excess withdrawal as described above and, consistent with that description, may cause a significant negative impact to your benefit.

Guaranteed Withdrawal Balance Adjustment.  If no withdrawals are taken from the Contract on or prior to the GWB Adjustment Date (as defined below), then you will receive a GWB a djustment.  Tax-qualified plan Contract owners should consider the impact of Required Minimum Distributions on this benefit since any withdrawal from the Contract will void the GWB adjustment.

The GWB Adjustment Date is the later of:

● The Contract Anniversary on or immediately following the Owner’s (or oldest joint Owner’s) 70th birthday, Or  

● The 12th  Contract Anniversary (10th Contract Anniversary for endorsements issued before April 29, 2013) following the effective date of this endorsement.

The GWB a djustment is determined as follows:

● On the effective date of this endorsement, the GWB a djustment 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 a djustment is recalculated to equal the GWB a djustment 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 Examples 4 and 5 in Appendix D under section “V. LifeGuard Freedom Flex”.)

● With each subsequent Premium received on or after the first Contract Anniversary following this GMWB’s effective date, the GWB a djustment is recalculated to equal the GWB a djustment 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 Examples 4 and 5 in Appendix D under section “V. LifeGuard Freedom Flex”.)

If no partial withdrawals are taken on or prior to the GWB Adjustment Date, the GWB will be re-set on that date to equal the greater of the current GWB or the GWB a djustment.  No adjustments are made to the Bonus Base or the Benefit Determination Baseline (explained below under “Step-up”).  Once the GWB is re-set, this GWB a djustment provision terminates.  In addition, if a withdrawal is taken on or before the GWB Adjustment Date, this GWB a djustment provision terminates without value.  (Please see example 13 in Appendix D under section “V. LifeGuard Freedom Flex” for an illustration of this GWB adjustment provision.)

Premiums.

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 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) (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.

We require prior approval for a subsequent Premium payment that would result in your Contract having $1 million of Premiums in the aggregate.  We also reserve the right to refuse subsequent Premium payments.  The GWB can never be more than $5 million.  See Examples 4b and 5b in Appendix D under section “V. LifeGuard Freedom Flex” to see how the GWB is recalculated when the $5 million maximum is hit.

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Step-up.  On each Contract Anniversary following the effective date of this GMWB, if the Contract Value is greater than the GWB, the GWB will be automatically re-set to the Contract Value by one of two calculation methods, which must be selected by you at issue and once selected can not be changed.  Under one method the GWB will be reset to the Contract Value on that Contract Anniversary  (the “Contract Anniversary Value”) for the applicable 5, 6, and 7% Bonus Options. Under the other method the GWB will be reset annually on each Contract Anniversary to the highest quarterly Contract Value, as described immediately below for the applicable 5, 6, and 7% Bonus Options  (“Highest Quarterly Contract Value “).

The Contract Anniversary Value method, as opposed to the Highest Quarterly Contract Value method, is determined solely by reference to and use of the Contract Value on that Contract Anniversary.

The Highest Quarterly Contract Value is determined by reference to and use of the Contract Values on the highest of the four prior quarterly Contract Values as follows:

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 (for endorsements issued before April 29, 2013) any Contract Enhancements, adjusted for any partial withdrawals taken subsequent to that Contract Quarterly Anniversary.

Partial withdrawals will affect the quarterly adjusted Contract Value as follows:

When a withdrawal, plus all prior withdrawals in thecurrent 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 thecurrent 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.

In addition to an increase in the GWB, a step-up allows for a potential increase in the GAWA percentage in the event that the step-up occurs after the first withdrawal.  The value used to determine whether the GAWA percentage will increase upon step-up is called the Benefit Determination Baseline (BDB).  The initial BDB equals (a) the initial Premium net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013) any Contract Enhancements if this GMWB is elected at issue or (b) the Contract Value on the Contract Anniversary on which the endorsement is effective, if elected after issue, as subject to availability.

Upon step-up, 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 and the step-up occurs after the first withdrawal, the GAWA percentage will be re-determined based on the Owner’s (or the oldest joint Owner’s) attained age.  If an age band is crossed, the GAWA percentage will be increased.  For example, assume an Owner was age 73 at the time of the first withdrawal resulting in, according to the table above, a GAWA percentage of 4.75% (5.00% with the Optional Income Upgrade).  Also assume that, when the Owner is age 76, a step-up occurs and the applicable Contract Value is greater than the BDB; in that case, the GAWA percentage will be re-determined based on the Owner’s attained age of 76, resulting in a new GAWA percentage of 5.25% (5.50% with the Optional Income Upgrade).

Upon step-up, if the Contract Value, as determined based on (as applicable) the Contract Anniversary Value or the Highest Quarterly Contract Value, is not greater than the BDB prior to step-up, the GAWA percentage remains unchanged regardless of whether an age band has been crossed.

In the event that the Contract Value, as determined based on (as applicable) the Contract Anniversary Value or the Highest Quarterly Contract Value, is greater than the BDB, the BDB is set equal to that greater Contract Value.  The purpose of this re-set is to increase the BDB that will be used to determine whether the GAWA percentage will increase upon a future step-up if an age band is crossed.

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Withdrawals do not affect the BDB.  Subsequent Premium payments increase the BDB by the amount of the Premium net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013) any Contract Enhancements.  In addition, unlike the GWB, the BDB is not subject to any maximum amount.  Therefore, it is possible for the BDB to be morethan $5 million.

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 GAWApercentage 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 GAWAprior to step-up.

PLEASE NOTE: Withdrawals from the Contract reduce the GWB and Contract Value but do not affect the BDB.  In the event of withdrawals, the BDB remains unchanged.  Therefore, because the Contract Value must be greater than the BDB prior to step-up in order for the GAWA percentage to increase, a GAWA percentage increase may become less likely when withdrawals are made from the Contract.

Upon step-up on or after the 2nd Contract Anniversary following the effective date of this GMWB, the GMWB charge may be increased, subject to the maximum annual charge for each available combination of Options.

You will be notified in advance of a GMWB Charge increase and may elect to discontinue the automatic step-ups.  Such election must be received in Good Order prior to the Contract Anniversary.  Please be aware that election to discontinue the automatic step-ups will also discontinue the application of the GWB bonus.  While electing to discontinue the automatic step-ups will prevent an increase in the charge, discontinuing step-ups and, therefore, discontinuing application of the GWB bonus also means foregoing possible increases in your GWB and/or GAWA so carefully consider this decision should we notify you of a charge increase.  (Please see the “Bonus” subsection below for more information.)  Also know that you may subsequently elect to reinstate the step-up provision together with the GWB bonus provision at the then current GMWB Charge. All requests will be effective on the Contract Anniversary following receipt of the request in Good Order, and any reinstatement of the GWB bonus provision will not reinstate any bonus that would have been credited during the period when the GWB bonus provision was discontinued.

The GWB can never be more than $5 million with a step-up. However, the BDB is not subject to a $5 million maximum; therefore, it is still possible for the GAWA percentage to increase even when the GWB has hit its $5 million maximum because automatic step-ups still occur if the Contract Value is greater than the BDB.  For example, assume the GWB and BDB are equal to $5 million prior to a step-up.  Also assume that the GAWA percentage is 4.7 5% and the GAWA is $ 237,500 .  If, at the time of step-up, the Contract Value is $6 million, a step-up will occur.  The GWB will remain at its maximum of $5 million but the BDB will be set equal to $6 million.  If an age band has been crossed and the GAWA percentage for the Owner’s attained age is 5.25 %, then the GAWA will be equal to $ 262,500 ( 5.25 % x $5 million).

Please consult the representative who helped you purchase your Contract to be sure if a step-up is right for you, which Contract Value is used to calculate the step-up, and about any increase in charges upon a step-up. Upon step-up, the applicable GMWB charge will be reflected in your confirmation.

Owner’s Death.  The Contract’s death benefit is not affected by this GMWB so long as Contract Value is greater than zero and the Contract is still in the accumulation phase.  Upon your death (or any Owner’s death with joint Owners) while the Contract is still in force, this GMWB terminates without value, unless continued by the surviving spouse.

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Also see the “LifeGuard Freedom Flex DB” under “Optional Death Benefits”, beginning on page 140 , for the death benefit that differs from the Contract’s death benefit and is available only at issue and in combination with the selection of the 6% Bonus, and the Annual Anniversary Contract Value Step-up.

Contract Value Is Zero.  With this GMWB, in the event the Contract Value is zero, the Owner will receive annual payments of the GAWA until the death of the Owner (or the death of any joint Owner), so long as the For Life Guarantee is in effect and the Contract is still in the accumulation phase.  If the For Life Guarantee is not in effect, the Owner will receive annual payments of the GAWA until the earlier of the death of the Owner (or the death of any joint Owner) or the date the GWB, if any, is depleted, so long as the Contract is still in the accumulation phase.  The last payment will not exceed the remaining GWB at the time of payment.  If the GAWA percentage has not yet been determined, it will be set at the GAWA percentage corresponding to the Owner’s (or oldest joint Owner’s) attained age at the time the Contract Value falls to zero and the GAWA will be equal to the GAWA percentage multiplied to the GWB.

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.

Payments are made on the periodic basis you elect, but no less frequently than annually.  If you die when your Contract Value is zero, all rights under your Contract cease, no subsequent Premium payments will be accepted, all optional endorsements terminate without value and no death benefit is payable, including the Earnings Protection Benefit and the LifeGuard Freedom Flex DB.

Spousal Continuation.  In the event of the Owner’s death (or any Owner’s death with joint Owners), the Beneficiary who is the Owner’s spouse may elect to:

●	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 a djustment 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.

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● 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.

For more information about spousal continuation of a Contract, please see “Special Spousal Continuation Option” beginning on page 142 .

Termination. This GMWB terminates subject to a prorated GMWB Charge assessed for the period since the last quarterly or monthly charge and all benefits cease on the earliest of:

●	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.

This GMWB may not otherwise be terminated independently from termination of the Contract.

Annuitization.

Life Income of GAWA.  On the Latest Income Date if the For Life Guarantee is in effect, the Owner may choose this income option instead of one of the other income options listed in the Contract.  This income option provides payments in a fixed dollar amount for the lifetime of the Owner (or, with joint Owners, the lifetime of the joint Owner who dies first).  The total annual amount payable will equal the GAWA in effect at the time of election of this option.  This annualized amount will be paid in the frequency (no less frequently than annually) that the Owner selects.  No further annuity payments are payable after the death of the Owner (or any Owner’s death with joint Owners), and there is no provision for a death benefit payable to the Beneficiary.  Therefore, it is possible for only one annuity payment to be made under this Income Option if the Owner dies before the due date of the second payment.

If the GAWA percentage has not yet been determined, the GAWA percentage will be based on the Owner’s (or oldest joint Owner’s) attained age at the time of election of this option.  The GAWA percentage will not change after election of this option.

Specified Period Income of the GAWA.  On the Latest Income Date if the For Life Guarantee is not in effect, the Owner may choose this income option instead of one of the other income options listed in the Contract.  (This income option only applies if the GMWB has been continued by the spousal Beneficiary upon the death of the original Owner, in which case the spouse becomes the Owner of the Contract and the Latest Income Date is based on the age of the spouse.)

This income option provides payments in a fixed dollar amount for a specific number of years.  The actual number of years that payments will be made is determined on the calculation date by dividing the GWB by the GAWA. Upon each payment, the GWB will be reduced by the payment amount, and no payments will be made in excess of the remaining GWB. The annual amount payable will equal the GAWA, except that the last payment may be a smaller amount equal to the then-remaining GWB.  This annualized amount will be paid over the specific number of years in the frequency (no less frequently than annually) that the Owner selects.  If the Owner should die before the payments have been completed, the remaining payments will be made to the Beneficiary, as scheduled.

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The “Specified Period Income of the GAWA” income option may not be available if the Contract is issued as a tax qualified Contract under Sections 401, 403, 408 or 457 of the Internal Revenue Code.  For such Contracts, this income option will only be available if the guaranteed period is less than the life expectancy of the spouse at the time the option becomes effective.

See “Guaranteed Minimum Withdrawal Benefit General Considerations” and “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page 65 for additional things to consider before electing a GMWB; when electing to annuitize your Contract after having purchased a GMWB; or when the Latest Income Date is approaching and you are thinking about electing or have elected a GMWB.

Effect of GMWB on Tax Deferral.  This GMWB may not be appropriate for Owners who have as a primary objective taking maximum advantage of the tax deferral that is available to them under an annuity contract to accumulate assets.  Please consult your tax and financial advisors before adding this GMWB to a Contract.

Bonus.  The primary purpose of the bonus is to act as an incentive for you to defer taking withdrawals.  A bonus equal to 5, 6, or 7% of the Bonus Base (defined below) will be applied to the GWB at the end of each Contract Year within the Bonus Period (also defined below) if no withdrawals are taken during that Contract Year.  The percentage that actually applies under your GMWB is the one that is included as the bonus rate in the combination of Options that you elect. The bonus enables the GWB and GAWA to increase in a given Contract Year (even during a down market relative to your Contract Value allocated to the Investment Divisions).  The increase, however, may not equal the amount that your Contract Value has declined.  This description of the bonus feature is supplemented by the examples in Appendix D under section “V. LifeGuard Freedom Flex”, particularly example 10.  The box below has more information about the bonus, including:

● 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:

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	●	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 a djustment 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 Bonus Period ends on the earlier of:
	●	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, 201 4 .  At that time, the bonus period is scheduled to expire on December 1, 202 4 (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, 201 7 ), and the Owner is younger than age 80, the Bonus Period will re-start and will be scheduled to expire on December 1, 202 7 .  Further, assuming that the next Bonus Base increase due to a step-up does not occur until December 1, 202 9 (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, 202 9 , and would be scheduled to expire on December 1, 203 9 .  (Please also see Examples 8 and 9 in Appendix Dunder section “V. 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.

LifeGuard Freedom Flex with Joint OptionGMWB.

The description of this GMWB is supplemented by the examples in Appendix Dunder section “V. LifeGuard Freedom Flex”, particularly example 3 for the varying benefit percentage, examples 8 and 9 for the step-ups, example 12 for the For Life guarantees and example 13 for the guaranteed withdrawal balance adjustment.

Except as otherwise discussed below, the election of this GMWB under a non-tax-qualified contract requires the joint Owners to be spouses (as defined under the Internal Revenue Code) and each joint Owner is considered to be a “Covered Life.”   In such cases, the Owners cannot be subsequently changed (except in the limited circumstances discussed below), and new Owners cannot be added.  Upon the death of either joint Owner, the surviving joint Owner will be treated as the primary Beneficiary and all other Beneficiaries will be treated as contingent Beneficiaries.  The For Life Guarantee will not apply to these contingent Beneficiaries, as they are not Covered Lives.

This GMWB is available on a limited basis under non-qualified Contracts for certain kinds of legal entities, such as (i) custodial accounts where the spouses are the joint Annuitants and (ii) trusts where the spouses are the sole beneficial owners and joint Annuitants.  In these cases, the spouses are the Covered Lives, and the For Life Guarantee is based on the Annuitant’s life who dies last.  We will allow changes (a) from joint individual ownership of non-qualified Contracts to ownership by the types of legal entities that we permit or (b) changes of ownership from such a legal entity to the Annuitants or to another such legal entity; however, we do not allow these ownership changes if they are a taxable event under the Code, and no changes of Annuitant subsequent to any such change are allowed.  For Contracts purchased in the state of Oregon, other ownership changes may be permitted, however any ownership change not specifically described above as a permitted change, will result in termination of the GMWB.

Tax-qualified Contracts cannot be issued to joint Owners and require the Owner and Annuitant to be the same person.  Under a tax-qualified Contract, the election of this GMWB requires the Owner and primary Beneficiary to be spouses (as defined in the Internal Revenue Code).  The Owner and only the primary spousal Beneficiary named at the election of this GMWB under a tax-qualified Contract will also each be considered a Covered Life, and these Covered Lives cannot be subsequently changed.

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In certain circumstances we may permit the elimination of a joint Owner Covered Life or primary spousal Beneficiary Covered life in the event of divorce.  In such cases, new Covered Lives may not be named.

For tax-qualified Contracts, the Owner and primary spousal Beneficiary cannot be changed while both are living.  If the Owner dies first, the primary spousal Beneficiary will become the Owner upon Spousal Continuation and he or she may name a Beneficiary; however, that Beneficiary is not considered a Covered Life.  Likewise, if the primary spousal Beneficiary dies first, the Owner may name a new Beneficiary; however, that Beneficiary is also not considered a Covered Life and consequently the For Life Guarantee will not apply to the new Beneficiary.

This GMWB is also available on a limited basis under Qualified Custodial Account Contracts, pursuant to which the Annuitant and a Contingent Annuitant named at election of the GMWB must be spouses and will be the Covered Lives.  The only changes in these arrangements that we permit are that (i) the custodial owner may be changed or (ii) the ownership of the Contract may be transferred to the Annuitant if, at the same time as that transfer, the Contingent Annuitant is designated as the primary (spousal) Beneficiary.

For both non-qualified and tax-qualified Contracts, this GMWB guarantees partial withdrawals during the Contract’s accumulation phase (i.e., before the Income Date), subject to the following:

●	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.

Because of the For Life Guarantee, your withdrawals could amount to more than the GWB.  But PLEASE NOTE:  The guarantees of this GMWB are subject to the endorsement’s terms, conditions, and limitations that are explained below.

Please consult the representative who is helping, or who helped, you purchase your Contract to be sure that this GMWB  and the combination of Options you ultimately choose suit your needs and are consistent with your expectations.

This GMWB is available to Covered Lives 35 to 80 years old (proof of age is required and both Covered Livesmust be within the eligible age range). This GMWB may be added to a Contract on the Issue Date or on any Contract Anniversary.This GMWB cannot

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be canceled except by a spousal Beneficiary who is not a Covered Life, who, upon the Owner’s death, may elect to continue the Contract without the GMWB.  To continue Joint GMWB coverage upon the death of the Owner (or the death of either joint Owner of a non-qualified Contract), provided that the other Covered Life is still living, the Contract must be continued by election of Spousal Continuation.  Upon continuation, the spouse becomes the Owner and obtains all rights as the Owner.

If you want to elect this GMWB after the Contract Issue Date on a Contract Anniversary (subject to availability), we must receive a request in Good Order within 30 calendar days prior to the Contract Anniversary.  This GMWB is not available on a Contract that already has a GMWB (only one GMWB per Contract).  Availability of this GMWB may be subject to further limitation.

There is a limit on withdrawals each Contract Year to keep the guarantees of this GMWB in full effect – the greater of the Guaranteed Annual Withdrawal Amount (GAWA) and for certain tax-qualified Contracts, the required minimum distribution (RMD) under the Internal Revenue Code.  Withdrawals exceeding the limit do not invalidate the For Life Guarantee, but cause the GWB and GAWA to be recalculated.  Please see “Election” and “Withdrawals” below for more information about the GWB and GAWA.

Election.  The GWB depends on when this GMWB is added to the Contract, and the GAWA derives from the GWB for all combinations of Options.

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 September 16, 2013) 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 partial 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 September 16, 2013) any recapture charges that would be assessed on a full withdrawal.
	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.

For endorsements issued on or after September 16, 2013, Contract Enhancements and the corresponding recapture charges are not included in the calculation of the GWB when this GMWB is added to the Contract on the Issue Date.  This is why Premium (net of any applicable Premium taxes) is used to calculate the GWB.  On Contracts with a Contract Enhancement, the result is a GWB that is less than Contract Value when this GMWB is added to the Contract.  For endorsements issued before September 16, 2013, please note that while Contract Enhancements are effectively included in the GWB calculations at and after issue, potential recapture charges are not included at either time. The GWB can never be more than $5 million (including upon step-up, the application of a GWB adjustment or the application of any Bonus), and the GWB is reduced by each withdrawal.  (See Examples 1 and 2 in Appendix D under section “V.  LifeGuard Freedom Flex”.)

PLEASE NOTE:  Upon the Owner’s death, the For Life Guarantee is void unless this GMWB is continued by a spousal Beneficiary who is a Covered Life.  However, it is possible for this GMWB to be continued without the For Life Guarantee by a spousal Beneficiary who is not a Covered Life.  Please see the “Spousal Continuation” subsection below for more information.

Withdrawals.  The GAWA percentage and the GAWA are determined at the time of the first withdrawal.  The GAWA is equal to the GAWA percentage multiplied by the GWB prior to the partial withdrawal.  The GAWA percentage varies according to age group and is determined based on the youngest Covered Life’s attained age at the time of the first withdrawal.  (Elsewhere in this prospectus we refer to this varying GAWA percentage structure as the “varying benefit percentage”.)

The GAWA percentage for each age group is as follows:

For Endorsements Issued On Or After September 16, 2013:

Ages	GAWA Percentage
35 – 64	3.50%
65 – 74	4.50%
75 – 80	5.00%
81+	5.50%

If your endorsement was issued before September 16, 2013, different GAWA percentages than those reflected in the above table may apply. Please refer to your Contract endorsement and the related prospectus disclosure for the GAWA percentages

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applicable under your Contract at the time of purchase. If you need assistance finding this information, please contact your representative, or contact us at our Annuity Service Center. Our contact information is on the first page of the prospectus.

We reserve the right to prospectively change the GAWA percentages, including the age bands, on new GMWB endorsements.  We recommend you check with your representative to learn about the current level of the GAWA percentages, or contact us at our Annuity Service Center for more information.  Our contact information is on the first page of the prospectus. If we change the GAWA percentages described above, we will follow these procedures:

1) When we issue your Contract we will deliver a copy of the prospectus that includes the notice of change of GAWA percentages in the form of a prospectus update to you.  You will have until the end of the Free Look period to cancel your Contract and this GMWB by returning the Contract to us pursuant to the provisions of the Free Look section (please see “Free Look” on page 147 ).

2) If you are an existing Owner and are eligible to elect this GMWB after the Issue Date, at the time we change the GAWA percentages we will send you the notice of change of GAWA percentages in the form of a prospectus update. If you later elect this GMWB, when we receive your election, we will send you the required endorsement with a duplicate notice of change of GAWA percentages. You will have 30 days after receiving the notice to cancel your election of this GMWB by returning the endorsement to us.

In each case, the actual GAWA percentages will be reflected in your Contract endorsement.

In connection with a change of GAWA percentages, as described above, we may continue to offer the existing GAWA percentages, in effect prior to the change, as an Optional GAWA% table at an increased charge. The increased charge for any combination of options under the Freedom Flex GMWB will not be greater than the maximum annual charges shown in the charge tables, which in no event exceed 3.00%. For the charges for each GMWB, please see the section for the applicable GMWB appearing under “Contract Charges” beginning on page 30 . Also, please see the “Optional Endorsements” table under the “FEES AND EXPENSES TABLES” beginning on page 4. The Optional GAWA% table will maintain the GAWA percentages for each age group that were available before the change as reflected in the above table.  If we offer the Optional GAWA% table, the notice of change in the form of a prospectus update, that will be delivered to you, will describe both the change to the GAWA percentages, and the Optional GAWA% table and related charges. We reserve the right to prospectively change the GAWA percentages in the Optional GAWA% table, including the age bands, on new GMWB endorsements subject to the notices and procedures described above.

Withdrawals cause the GWB to be recalculated.  Withdrawals will also cause the GAWA to be recalculated if the withdrawal, plus all prior withdrawals in the current Contract Year, exceeds the GAWA, or for certain tax-qualified Contracts only, the RMD (if greater than the GAWA).  In such case, the recalculation of the GAWA will occur whether or not the For Life Guarantee is in effect.  If the GWB is less than the GAWA at the end of any Contract Year and the For Life Guarantee is not in effect, the GAWA will be set equal to the GWB.  This may occur, when over time, payment of the guaranteed withdrawals is nearly complete, the For Life Guarantee is not in effect and the GWB has been depleted to a level below the GAWA. The tables below clarify what happens in each instance.  (RMD denotes the required minimum distribution under the Internal Revenue Code for certain tax-qualified Contracts only.  There is no RMD for non-qualified Contracts.)  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.

For certain tax-qualified Contracts, this GMWB allows withdrawals greater than GAWA to meet the Contract’s RMD without compromising the endorsement’s guarantees.  Examples 6, 7 and 9 in Appendix D under section “V. LifeGuard Freedom Flex” supplement this description. Because the intervals for the GAWA and RMDs are different, namely Contract Years versus calendar years, and because RMDs are subject to other conditions and limitations, if your Contract is a tax-qualified Contract, please see “RMD NOTES” under Guaranteed Minimum Withdrawal Benefit Important Special Considerations” on page 58 , for more information.

When a withdrawal, plus all prior withdrawals in the currentContract Year, is less than or equal to the greater ofthe 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 GAWA is not reduced if all withdrawals during any one Contract Year do not exceed the greater of the GAWA or RMD, as applicable.  The GAWA will be reduced at the end of a Contract Year to equal the GWB if  the For Life Guarantee is not in effect and the GWB is nearly depleted, resulting in a GWB that is less than the GAWA.  You may withdraw the greater of the GAWA or RMD, as applicable, all at once or throughout the Contract Year.  Withdrawing less than the greater of the GAWA or RMD, as applicable, in a Contract Year does not entitle you to withdraw more than the greater of the GAWA or RMD, as applicable, in the next Contract Year.  The amount you may withdraw each Contract Year and not cause the GWB and GAWA to be recalculated does not accumulate.

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Withdrawing more than the greater of the GAWA or RMD, as applicable, in a Contract Year causes the GWB and GAWA to be recalculated (see below and Example 7 in Appendix D under section “V. LifeGuard Freedom Flex”).  In recalculating the GWB, the GWB could be reduced by more than the withdrawal amount.  The GAWA is also likely to be reduced.  Therefore, please note that withdrawing more than the greater of the GAWA or RMD, as applicable, in a Contract Year may have a significantly negative impact on the value of this benefit.

When a withdrawal, plus all prior withdrawals in the current Contract Year, exceeds	The GWB is recalculated, equaling the greater of:
the greater of the GAWA or RMD, as applicable –		●	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 is recalculated as follows:
		●	The GAWA prior to the partial withdrawal is reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal.

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.

Withdrawals under this GMWB are assumed to be the total amount deducted from the Contract Value, including any withdrawal charges, asset allocation fees, recapture charges and other charges or adjustments.  Any withdrawals from Contract Value allocated to a Fixed Account Option may be subject to an Excess Interest Adjustment.  For more information, please see “THE FIXED ACCOUNT AND GMWB FIXED ACCOUNT” beginning on page 14.  Withdrawals may be subject to a recapture charge on any Contract Enhancements.  Withdrawals in excess of free withdrawals may be subject to a withdrawal charge.

Withdrawals under this GMWB are considered the same as any other partial withdrawals for the purposes of calculating any other values under the Contract and any other endorsements (for example, the Contract’s death benefit).  All withdrawals count toward the total amount withdrawn in a Contract Year, including systematic withdrawals, RMDs for certain tax-qualified Contracts, withdrawals of asset allocation and advisory fees, and free withdrawals under the Contract.  They are subject to the same restrictions and processing rules as described in the Contract.  They are also treated the same for federal income tax purposes.  For more information about tax-qualified and non-qualified Contracts, please see “TAXES” beginning on page 143 .

If the age of any Covered Life is incorrectly stated at the time of election of the GMWB, on the date the misstatement is discovered, the GWB and the GAWA will be recalculated based on the GAWA percentage applicable at the correct age.  Any future GAWA percentage recalculation will be based on the correct age.  If the age at election of either Covered Life falls outside the allowable age range, the GMWB will be null and void and all GMWB charges will be refunded.

Withdrawals made under section 72(t) or section 72(q) of the Code are not considered RMDs for purposes of preserving the guarantees under this GMWB.  Such withdrawals that exceed the GAWA will have the same effect as any withdrawal or excess withdrawal as described above and, consistent with that description, may cause a significant negative impact to your benefit.

Guaranteed Withdrawal Balance Adjustment.  If no withdrawals are taken from the Contract on or prior to the GWB Adjustment Date (as defined below), then you will receive a GWB a djustment.  Tax-qualified plan Contract owners should consider the impact of Required Minimum Distributions on this benefit since any withdrawal from the Contract will void the GWB adjustment.

The GWB Adjustment Date is the later of:

● The Contract Anniversary on or immediately following the youngest Covered Life’s 70th birthday, Or  

● The 12th Contract Anniversary (10th Contract Anniversary for endorsements issued before September 16, 2013) following the effective date of this endorsement.

The GWB adjustment is determined as follows:

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● 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 September 16, 2013) any Contract Enhancement, subject to a maximum of $5,000,000.  (See Examples 4 and 5 in Appendix D under section “V. 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 September 16, 2013) any Contract Enhancements, subject to a maximum of $5,000,000.  (See Examples 4 and 5 in Appendix D under section “V. LifeGuard Freedom Flex”.)

If no partial withdrawals are taken on or prior to the GWB Adjustment Date, the GWB will be re-set on that date to equal the greater of the current GWB or the GWB a djustment.  No adjustments are made to the Bonus Base or the Benefit Determination Baseline (explained below under “Step-Up”).  Once the GWB is re-set, this GWB a djustment provision terminates.  In addition, if a withdrawal is taken on or before the GWB Adjustment Date, this GWB a djustment provision terminates without value.  (Please see example 13 in Appendix D under section “V. LifeGuard Freedom Flex” for an illustration of this GWB adjustment provision.)

Premiums.

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 September 16, 2013) 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) (for endorsements issued before September 16, 2013) any Contract Enhancement; Or
		●	The GAWA percentage multiplied by the increase in the GWB – if the maximum GWB is hit.

We require prior approval for a subsequent Premium payment that would result in your Contract having $1 million of Premiums in the aggregate.  We also reserve the right to refuse subsequent Premium payments.  The GWB can never be more than $5 million.  See Example s 4b and 5b in Appendix D under section “V. LifeGuard Freedom Flex” to see how the GWB is recalculated when the $5 million maximum is hit.

Step-Up.  On each Contract Anniversary following the effective date of this GMWB, if the Contract Value is greater than the GWB, the GWB will be automatically re-set to the Contract Value by one of two calculation methods, which must be selected by you at issue and once selected can not be changed .  Under one method the GWB will be reset to the Contract Value on that Contract Anniversary  (the “Contract Anniversary Value”) for the applicable 5, 6, and 7% Bonus Options (a “step-up”). Under the other method the GWB will be reset annually on each Contract Anniversary to the highest quarterly Contract Value, as described immediately below, for the applicable 5% Bonus Option (“Highest Quarterly Contract Value “).  The step-up for the 7% Bonus Option is only available with the Contract Anniversary Value Step-Up Option.  (See Examples 8 and 9 in Appendix D under section “V.  LifeGuard Freedom Flex” .)

The Contract Anniversary Value method, as opposed to the Highest Quarterly Contract Value method, is determined solely by reference to and use of the Contract Value on that Contract Anniversary.

The Highest Quarterly Contract Value is determined by reference to and use of the Contract Values on the highest of the four prior quarterly Contract Values as follows:

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

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Contract Quarterly Anniversary, net of any applicable Premium taxes, plus (for endorsements issued before September 16, 2013) any Contract Enhancements, adjusted for any partial withdrawals taken subsequent to that Contract Quarterly Anniversary.

Partial withdrawals will affect the quarterly adjusted Contract Value as follows:

When a withdrawal, plus all prior withdrawals in thecurrent Contract Year, is less than or equal to the greater of the GAWA or RMD, asapplicable –	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 thecurrent 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.

In addition to an increase in the GWB, a step-up allows for a potential increase in the GAWA percentage in the event that the step-up occurs after the first withdrawal.  The value used to determine whether the GAWA percentage will increase upon step-up is called the Benefit Determination Baseline (BDB).  The initial BDB equals (a) the initial Premium net of any applicable Premium taxes, plus (for endorsements issued before September 16, 2013) any Contract Enhancement, if this GMWB is elected at issue, or (b) the Contract Value less (for endorsements issued on or after September 16, 2013) any recapture charges that would be assessed on a full withdrawal, on the Contract Anniversary on which the endorsement is effective, if elected after issue, as subject to availability.

Upon step-up, 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 and the step-up occurs after the first withdrawal, the GAWA percentage will be re-determined based on the youngest Covered Life's attained age.  If an age band is crossed, the GAWA percentage will be increased.  For example, assume the youngest Covered Life was age 73 at the time of the first withdrawal resulting in, according to the table above, a GAWA percentage of 4.50%.  Also assume that, when the youngest Covered Life is age 76, a step-up occurs and the Contract Value, as determined based on (as applicable) the Contract Anniversary Value or the Highest Quarterly Contract Value is greater than the BDB; in that case, the GAWA percentage will be re-determined based on the youngest Covered Life's attained age of 76, resulting in a new GAWA percentage of 5.00%.

Upon step-up, if the Contract Value, as determined based on (as applicable) the Contract Anniversary Value or the Highest Quarterly Contract Value, is not greater than the BDB prior to step-up, the GAWA percentage remains unchanged regardless of whether an age band has been crossed.

In the event that the Contract Value, as determined based on (as applicable) the Contract Anniversary Value or the Highest Quarterly Contract Value, is greater than the BDB, the BDB is set equal to that greater Contract Value.  The purpose of this re-set is to increase the BDB that will be used to determine whether the GAWA percentage will increase upon a future step-up if an age band is crossed.

Withdrawals do not affect the BDB.  Subsequent Premium payments increase the BDB by the amount of the Premium net of any applicable Premium taxes, plus (for endorsements issued before September 16, 2013) any Contract Enhancement.  In addition, unlike the GWB, the BDB is not subject to any maximum amount.  Therefore, it is possible for the BDB to be morethan $5 million.

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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 GAWApercentage 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 GAWAprior to step-up.

PLEASE NOTE: Withdrawals from the Contract reduce the GWB and Contract Value but do not affect the BDB.  In the event of withdrawals, the BDB remains unchanged.  Therefore, because the Contract Value must be greater than the BDB prior to step-up in order for the GAWA percentage to increase, a GAWA percentage increase may become less likely when withdrawals are made from the Contract.

Upon step-up on or after the 2nd Contract Anniversary following the effective date of this GMWB, the GMWB charge may be increased, subject to the maximum annual charge for each available combination of Options. You will be notified in advance of a GMWB Charge increase and may elect to discontinue the automatic step-ups.  Such election must be received in Good Order prior to the Contract Anniversary.  Please be aware that election to discontinue the automatic step-ups will also discontinue the application of the GWB bonus.  While electing to discontinue the automatic step-ups will prevent an increase in charge, discontinuing step-ups and, therefore, discontinuing application of the GWB bonus also means foregoing possible increases in your GWB and/or GAWA so carefully consider this decision should we notify you of a charge increase.  (Please see the “Bonus” subsection below for more information.)  Also know that you may subsequently elect to reinstate the step-up provision together with the GWB bonus provision at the then current GMWB Charge.  All requests will be effective on the Contract Anniversary following receipt of the request in Good Order, and any reinstatement of the GWB bonus provision will not reinstate any bonuses that would have been credited during the period when the GWB bonus provision was discontinued.

The GWB can never be more than $5 million with a step-up.  However,the BDB is not subject to a $5 million maximum; therefore, it is still possible for the GAWA percentage to increase even when the GWB has hit its $5 million maximum because automatic step-ups still occur if the Contract Value is greater than the BDB.  For example, assume the GWB and BDB are equal to $5 million prior to a step-up.  Also assume that the GAWA percentage is 4. 5 0 % and the GAWA is $2 2 5,000.  If, at the time of step-up, the Contract Value is $6 million, a step-up will occur.  The GWB will remain at its maximum of $5 million but the BDB will be set equal to $6 million.  If an age band has been crossed and the GAWA percentage for the youngest Covered Life’s attained age is 5.00 %, then the GAWA will be equal to $ 25 0,000 ( 5.00 % x $5 million).

Please consult the representative who helped you purchase your Contract to be sure if a step-up is right for you and about any increase in charges upon a step-up. Upon step-up, the applicable GMWB charge will be reflected in your confirmation.

Owner's Death.  The Contract's death benefit is not affected by this GMWB so long as Contract Value is greater than zero and the Contract is still in the accumulation phase.  Upon the death of the sole Owner of a qualified Contract or the death of either joint Owner of a non-qualified Contract while the Contract is still in force, this GMWB terminates without value, unless continued by the surviving spouse.  Please see the information beginning on page  116 regarding the required ownership and beneficiary structure under both qualified and non-qualified Contracts when selecting this GMWB.

Contract Value Is Zero.  With this GMWB, in the event the Contract Value is zero, the Owner will receive annual payments of the GAWA until the death of the last surviving Covered Life, so long as the For Life Guarantee is in effect and the Contract is still in the accumulation phase.  If the For Life Guarantee is not in effect, the Owner will receive annual payments of the GAWA until the earlier of the death of the Owner (or the death of any joint Owner) or the date the GWB, if any, is depleted, so long as the Contract is still in the accumulation phase.  The last payment will not exceed the remaining GWB at the time of payment.  If the GAWA percentage has

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not yet been determined, it will be set at the GAWA percentage corresponding to the youngest Covered Life's attained age at the time the Contract Value falls to zero and the GAWA will be equal to the GAWA percentage multiplied to the GWB.

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.

Payments are made on the periodic basis you elect, but no less frequently than annually.  Upon death of the last surviving Covered Life, all rights under the Contract cease.  No subsequent Premium payments will be accepted.  All optional endorsements terminate without value.  And no death benefit is payable, including the Earnings Protection Benefit.

Spousal Continuation.  In the event of the Owner's (or either joint Owner's) death, the surviving spousal Beneficiary may elect to:

●	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 a djustment provision is in force on the Continuation Date then the provision will continue to apply in accordance with the applicable GWB a djustment provision rules above.  The GWB Adjustment D ate 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 a djustment 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).

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		○	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.

For more information about spousal continuation of a Contract, please see “Special Spousal Continuation Option” beginning on page 142 .

Termination.  This GMWB terminates, subject to a prorated GMWB Charge assessed for the period since the last quarterly or monthly charge, and all benefits cease on the earliest of:

●	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.

This GMWB may not otherwise be terminated independently from termination of the Contract.

Annuitization.

Joint Life Income of GAWA.  On the Latest Income Date if the For Life Guarantee is in effect, the Owner may choose this income option instead of one of the other income options listed in the Contract.  This income option provides payments in a fixed dollar amount for the lifetime of last surviving Covered Life.  The total annual amount payable will equal the GAWA in effect at the time of election of this option.  This annualized amount will be paid in the frequency (no less frequently than annually) that the Owner selects.  No further annuity payments are payable after the death of the last surviving Covered Life, and there is no provision for a death benefit payable to the Beneficiary.  Therefore, it is possible for only one annuity payment to be made under this Income Option if both Covered Lives die before the due date of the second payment.

If the GAWA percentage has not yet been determined, the GAWA percentage will be based on the youngest Covered Life's attained age at the time of election of this option.  The GAWA percentage will not change after election of this option.

Specified Period Income of the GAWA.  On the Latest Income Date if the For Life Guarantee is not in effect, the Owner may choose this income option instead of one of the other income options listed in the Contract.  (This income option only applies if the GMWB has been continued by the spousal Beneficiary and the spousal Beneficiary is not a Covered Life in which case the spouse becomes the Owner of the Contract and the Latest Income Date is based on the age of the spouse.)

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This income option provides payments in a fixed dollar amount for a specific number of years.  The actual number of years that payments will be made is determined on the calculation date by dividing the GWB by the GAWA. Upon each payment, the GWB will be reduced by the payment amount, and no payments will be made in excess of the remaining GWB. The annual amount payable will equal the GAWA, except that the last payment may be a smaller amount equal to the then-remaining GWB.  This annualized amount will be paid over the specific number of years in the frequency (no less frequently than annually) that the Owner selects.  If the Owner should die before the payments have been completed, the remaining payments will be made to the Beneficiary, as scheduled.

The “Specified Period Income of the GAWA” income option may not be available if the Contract is issued as a tax-qualified Contract under Sections 401, 403, 408 or 457 of the Internal Revenue Code.  For such Contracts, this income option will only be available if the guaranteed period is less than the life expectancy of the spouse at the time the option becomes effective.

See “Guaranteed Minimum Withdrawal Benefit General Considerations” and “Guaranteed Minimum Withdrawal Benefit Important Special Considerations” beginning on page  57 for additional things to consider before electing a GMWB; when electing to annuitize your Contract after having purchased a GMWB; or when the Latest Income Date is approaching and you are thinking about electing or have elected a GMWB.

Effect of GMWB on Tax Deferral.  This GMWB may not be appropriate for Owners who have as a primary objective taking maximum advantage of the tax deferral that is available to them under an annuity contract to accumulate assets.  Please consult your tax and financial advisors before adding this GMWB to a Contract.

Bonus.  The primary purpose of the bonus is to act as an incentive for you to defer taking withdrawals.  A bonus equal to 5, 6, or 7% of the Bonus Base (defined below) will be applied to the GWB at the end of each Contract Year within the Bonus Period (also defined below) if no withdrawals are taken during that Contract Year.  The percentage that actually applies under your GMWB is the one that is included as the bonus rate in the combination of Options that you elect.  The bonus enables the GWB and GAWA to increase in a given Contract Year (even during a down market relative to your Contract Value allocated to the Investment Divisions).  The increase, however, may not equal the amount that your Contract Value has declined.  This description of the bonus feature is supplemented by the examples in Appendix D under section “V. LifeGuard Freedom Flex”, particularly example 10.  The box below has more information about the bonus, including:

● 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 September 16, 2013) any Contract Enhancements.

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	●	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 a djustment 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 Bonus Period ends on the earlier of:

	●	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 was added to a Contract on December 1, 201 4 .  At that time, the bonus period is scheduled to expire on December 1, 202 4 (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, 201 7 ), 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, 202 7 .  Further, assuming that the next Bonus Base increase due to a step-up does not occur until December 1, 202 9 (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, 202 9 , and would be scheduled to expire on December 1, 203 9 .  (Please also see Examples 8 and 9 in Appendix D under section “V. 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.

Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard Stretch GMWB”).The following description of this GMWB is supplemented by the examples in Appendix D under section “VI.  MarketGuard Stretch”, particularly example 2 for the varying benefit.

This GMWB is available under Contracts which are purchased by the Owner with proceeds that are payable to the Owner as beneficiary of tax qualified or non-qualified death benefits as a result of the death of an owner of a qualified plan, or the death of an owner of a tax-qualified or non-qualified annuity contract. This GMWB is also available to an eligible Beneficiary entitled to death benefit payments under an existing Contract, who will be considered an Owner for purposes of this GMWB. The proceeds must be subject to the minimum distribution requirements of the Internal Revenue Code (the “Code”) applicable to beneficiaries.  The distributions that will be made under this GMWB are commonly referred to as “stretch” distributions since they allow beneficiaries to receive payments over a period of time not exceeding their life expectancies.

Availability of this GMWB is subject to the following additional requirements:

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● 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 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).

This GMWB guarantees partial withdrawals during the Contract's accumulation phase (i.e., before the Income Date) until the earliest of:

● The Owner’s death;

● 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 132 ).

PLEASE NOTE:  The guarantees of this GMWB are subject to the endorsement's terms, conditions, and limitations that are explained below.

Please consult the representative who is helping, or who helped, you purchase your Contract and your tax advisor to be sure that this GMWB ultimately suits your needs.

This GMWB is available to individual Owners up to 80 years old on the latest required date of the first minimum distribution under the Internal Revenue Code applicable to the Contract (proof of age is required); may be added to a Contract on or after the Issue Date ; and once added cannot be canceled.   If you want to elect this GMWB after the Contract Issue Date (subject to availability), we must receive a request in Good Order.  This GMWB is not available on a Contract that already has a GMWB (only one GMWB per Contract).

This GMWB is available to natural Owners on qualified and non-qualified Contracts. It is also available to non-natural Owners on qualified Contracts. Joint annuitants are not permitted if there is a non-natural Owner.

We allow ownership changes of a Contract with this GMWB only when the Owner is a trust and the ownership change is to the Annuitant.  For Contracts purchased in the state of Oregon, other ownership changes may be permitted, however any ownership change not described above as a permitted change will result in termination of the GMWB. Otherwise, ownership changes are not allowed.  Changing Annuitants is not allowed.  Availability of this GMWB may be subject to further limitation.

There is a limit on withdrawals each Contract Year to keep the guarantees of this GMWB in full effect – the greater of the Guaranteed Annual Withdrawal Amount (GAWA) and  the required minimum distribution under the Contract (Stretch RMD).  Please see “Election” and “Withdrawals” below for more information about the GAWA.   For purposes of this GMWB, the Stretch RMD is the amount defined by the Internal Revenue Code as the minimum distribution requirement under the life expectancy payout method applicable to the Contract which is attributable to the proceeds from the death of an owner of a qualified plan, or the death of an owner of a tax-qualified or non-qualified annuity contract. Withdrawals exceeding the above limit cause the GWB and GAWA to be recalculated.

Election.  The GWB depends on when this GMWB is added to the Contract, and the GAWA derives from the GWB.

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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.

Contract Enhancements and the corresponding recapture charges are not included in the calculation of the GWB when this GMWB is added to the Contract on the Issue Date.  This is why Premium (net of any applicable Premium taxes) is used to calculate the GWB when this GMWB is added to the Contract on the Issue Date.  If you instead add this GMWB to your Contract post issue (subject to availability), the GWB is calculated based on Contract Value, which includes any previously applied Contract Enhancements, and, as a result, we subtract any applicable recapture charge from the Contract Value to calculate the GWB.  In any event, with Contract Enhancements, the result is a GWB that is less than Contract Value when this GMWB is added to the Contract.  (See Example 1 in Appendix D under section “VI.  MarketGuard Stretch”.)  The GWB can never be more than $5 million, and the GWB is reduced by each withdrawal.

PLEASE NOTE:  Upon the Owner's death, this GMWB may be continued by a Beneficiary.  Please see the “Continuation By Beneficiary” subsection below for more information.

Withdrawals.  The GAWA percentage and the GAWA are determined at the time of the first withdrawal.  The GAWA is equal to the GAWA percentage multiplied by the GWB prior to the partial withdrawal.  The GAWA percentage varies according to age group and is determined based on the Owner's attained age at the time of the first withdrawal.  For a qualified Contract with a non-natural Owner, the age of the Annuitant is used to determine the GAWA percentage.  The GAWA percentage for each age group is:

Ages	GAWA Percentage
0 – 54	4.5%
55 – 59	5.0%
60+	5.5%

We reserve the right to prospectively change the GAWA percentages, including the age bands, on new GMWB endorsements. We recommend you check with your representative to learn about the current level of the GAWA percentages, or contact us at the Annuity Service Center for more information.  Our contact information is on the first page of the prospectus. If we change the GAWA percentages described above, we will follow these procedures:

1) When we issue your Contract we will deliver a copy of the prospectus that includes the notice of change of GAWA percentages in the form of a prospectus update to you.  You will have until the end of the Free Look period to cancel your Contract and this GMWB by returning the Contract to us pursuant to the provisions of the Free Look section (please see “Free Look” on page 142).

2) If you are an existing Owner and are eligible to elect this GMWB after the Issue Date, at the time we change the GAWA percentages we will send you the notice of change of GAWA percentages in the form of a prospectus update. If you later elect this GMWB, when we receive your election, we will send you the required endorsement with a duplicate notice of change of GAWA percentages. You will have 30 days after receiving the notice to cancel your election of this GMWB by returning the endorsement to us.

In each case, the actual GAWA percentages will be reflected in your Contract endorsement.

Withdrawals cause the GWB to be recalculated.  Withdrawals may also cause the GAWA  to be recalculated, depending on whether or not the withdrawal, plus all prior withdrawals in the current Contract Year, is less than or equal to the GAWA, or  the Stretch RMD (if greater than the GAWA).  If the GWB falls below the GAWA at the end of a Contract Year, the GAWA will be reset to equal the GWB.  This may occur, when over time, payment of guaranteed withdrawals is nearly complete and the GWB has been depleted.  The tables below clarify what happens in each instance.

This GMWB allows withdrawals greater than the GAWA to meet the Contract's Stretch RMD without compromising the endorsement's guarantees.  Examples 4 and 5 in Appendix D under section “VI.  MarketGuard Stretch” supplement this description.

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Because the intervals for the GAWA and Stretch RMDs are different, namely Contract Years versus calendar years, and because Stretch RMDs are subject to other conditions and limitations,  please see “Stretch RMD NOTES” below for more information.

When a withdrawal, plus all prior withdrawals in thecurrent Contract Year, is lessthan or equal to the greater of the GAWA or Stretch RMD, asapplicable –	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.

For more information about the GMWB Charge Base, please see “Guaranteed Minimum Withdrawal Benefit For Stretch RMDs (“MarketGuard Stretch GMWB”) Charge” on page 44 .

You may withdraw the greater of the GAWA or Stretch RMD, as applicable, all at once or throughout the Contract Year.  Withdrawing less than the greater of the GAWA or Stretch RMD, as applicable, in a Contract Year does not entitle you to withdraw more than the greater of the GAWA or Stretch RMD, as applicable, in the next Contract Year.  The amount you may withdraw each Contract Year and not cause the GWB and GAWA to be recalculated does not accumulate.

Withdrawing more than the greater of the GAWA or Stretch RMD, as applicable, in a Contract Year causes the GWB and GAWA to be recalculated (see below and Example 5 in Appendix D under section “VI.  MarketGuard Stretch”).  In recalculating the GWB, the GWB could be reduced by more than the withdrawal amount.  The GAWA is also likely to be reduced.  Therefore, please note that withdrawing more than the greater of the GAWA or Stretch RMD, as applicable, in a Contract Year may have a significantly negative impact on the value of this benefit and may lead to its premature termination.

When a withdrawal, plus all prior withdrawals inthe current Contract Year, exceeds the greater of the GAWA or Stretch RMD, as applicable –	The GWB is recalculated, equaling the greater of:
		●	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 is recalculated, equaling:
		●	The GAWA prior to the partial withdrawal reduced in the same proportion that the Contract Value is reduced by the Excess Withdrawal.

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 Stretch RMD, as applicable.

Withdrawals under this GMWB are assumed to be the total amount deducted from the Contract Value, including any withdrawal charges, recapture charges and other charges or adjustments.  Stretch RMD withdrawals in excess of the free withdrawal amount are not subject to a withdrawal charge.  Any withdrawals from Contract Value allocated to a Fixed Account Option may be subject to an Excess Interest Adjustment.  For more information, please see “THE FIXED ACCOUNT AND GMWB FIXED ACCOUNT” beginning on page 14.  Withdrawals may be subject to a recapture charge on any Contract Enhancement.  Withdrawals in excess of free withdrawals may be subject to a withdrawal charge.

Withdrawals under this GMWB are considered the same as any other partial withdrawals for the purposes of calculating any other values under the Contract and any other endorsements (for example, the Contract's death benefit).  All withdrawals count toward the total amount withdrawn in a Contract Year, including systematic withdrawals, Stretch RMDs, withdrawals of asset allocation and advisory fees, partial transfers and free withdrawals under the Contract.  They are subject to the same restrictions and processing rules as described in the Contract.  They are also treated the same for federal income tax purposes.  For more information about tax-qualified and non-qualified Contracts, please see “TAXES” beginning on page 143.

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If the age of any Owner is incorrectly stated at the time of election of the GMWB, on the date the misstatement is discovered, the GWB and the GAWA will be recalculated based on the GAWA percentage applicable at the correct age.  Any future GAWA percentage recalculation will be based on the correct age.  If the age at election of the Owner falls outside the allowable age range, the GMWB will be null and void and all GMWB charges will be refunded.  If the date of death of the previous owner is incorrectly stated at the time of election of the GMWB, on the date the misstatement is discovered, the eligibility of GMWB election will be re-determined based on the correct date of death.  If it is determined that the GMWB could not have been elected based on the correct date of death, the GMWB will be null and void and all GMWB charges will be refunded.

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 201 5 Contract Year (ending June 30) is $10.  The Stretch RMDs for calendar years 201 4 and 201 5 are $14 and $16, respectively.

If the Owner takes $7 in each of the two halves of calendar year 201 4 and $8 in each of the two halves of calendar year 201 5 , then at the time the withdrawal in the first half of calendar year 201 5 is taken, the Owner will have withdrawn $15.  Because the sum of the Owner's withdrawals for the 201 5 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 “VI. 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.

Premiums.

Subsequent Premium payments are only permitted on tax-qualified Contracts and must be a transfer from a qualified plan. Subsequent Premium payments must be received within 180 days of the Issue Date.

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.

We require prior approval for a subsequent Premium payment that would result in your Contract having $1 million of Premiums in the aggregate.  We also reserve the right to refuse subsequent Premium payments.  The GWB can never be more than $5 million.  See Example 3b in Appendix D under section “VI.  MarketGuard Stretch” to see how the GWB is recalculated when the $5 million maximum is hit.

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GMWB Maturity Year.On the Contract Anniversary occurring in GMWB Maturity Year, an amount equal to the excess of the GWB over Contract Value will be paid to the Owner. If the GWB is less than the Contract Value, no payment will be made.  In either case, the GWB will be set to zero and the GMWB will terminate. The GMWB Maturity Year is determined from the chart below based on the Owner’s attained age on the latest required date for the first Stretch RMD. When determining the GMWB Maturity Year for endorsements issued on or after April 29, 2013, the latest required date for the first Stretch RMD is considered the beginning of the first year. For endorsements issued before April 29, 2013, the endorsement effective date is considered the beginning of the first year.

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

See Example 6 in Appendix D under section “VI. MarketGuard Stretch” to see how the GMWB Maturity Year affects your GMWB.

Owner's Death.  The Contract's death benefit is not affected by this GMWB so long as Contract Value is greater than zero and the Contract is still in the accumulation phase.  Upon your death while the Contract is still in force, this GMWB terminates without value unless continued by the Beneficiary.

Contract Value Is Zero.  If your Contract Value is reduced to zero as the result of a partial withdrawal, contract charges or poor Fund performance and the GWB is greater than zero, the GWB will be paid to you on a periodic basis elected by you, which will be no less frequently than annually, so long as the Contract is still in the accumulation phase.  The total annual payment will equal the GAWA, but will not exceed the current GWB.  If the GAWA percentage has not yet been determined, it will be set at the GAWA percentage corresponding to the Owner's attained age at the time the Contract Value is reduced to zero and the GAWA will be equal to the GAWA percentage multiplied by the GWB. On the Contract Anniversary occurring in the GMWB Maturity Year, any remaining GWB will be paid to the Owner and no further payments will be made.

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.

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All other rights under your Contract cease and we will no longer accept subsequent Premium payments and all optional endorsements are terminated without value.  Upon your death as the Owner, all payments cease and no death benefit is payable, including the Earnings Protection Benefit.

 Continuation By Beneficiary.  Upon the death of the Owner under a Qualified Plan Contract with a single Beneficiary, the Beneficiary may elect to continue the GMWB. If elected, the GMWB will continue and may not be terminated subsequently. If the GAWA% has been determined, no adjustment will be made to the GWB, the GAWA, the GMWB Charge Base, or the GMWB Maturity Year, at the time of continuation.  If the GAWA percentage has not yet been determined, it will be set at the GAWA percentage corresponding to the original Owner's attained age on the continuation date and the GAWA will be equal to the GAWA percentage multiplied by the GWB.

Termination.  This GMWB terminates subject to a prorated GMWB Charge assessed for the period since the last quarterly or monthly charge and all benefits cease on the earliest of:

●	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, unless the Beneficiary elects to continue a qualified  Contract with the GMWB;
●	The first date the GWB equals zero.

Effect of GMWB on Tax Deferral.  This GMWB may not be appropriate for Owners who have as a primary objective taking maximum advantage of the tax deferral that is available to them under an annuity contract to accumulate assets.  Please consult your tax and financial advisors before adding this GMWB to a Contract.

Systematic Withdrawal Program.You can arrange to have money automatically sent to you periodically while your Contract is still in the accumulation phase.  You may withdraw a specified dollar amount (of at least $50 per withdrawal), a specified percentage or earnings.  Your withdrawals may be on a monthly, quarterly, semi-annual or annual basis.  If you have arranged for systematic withdrawals, schedule any planned step-up under a GMWB to occur prior to the withdrawal.  Example 7 in Appendix D under sections “I. Safe Guard Max,” “II. AutoGuard 5, AutoGuard 6,” and “III. Jackson Select Protector,” andExample 9 in Appendix Dunder sections “IV.  LifeGuard Freedom 6 Net” and “V. LifeGuard Freedom Flex” illustrate the consequences of a withdrawal preceding a step-up. There is no charge for the Systematic Withdrawal Program; however, you will have to pay taxes on the money you receive.  You may also be subject to a withdrawal charge and an Excess Interest Adjustment.

If your Contract contains a GMWB containing a Transfer of Assets provision, systematic withdrawals are only allowed on a pro-rata basis including all investment options (including the GMWB Fixed Account) or, in the alternative, may be requested from specified investment options, excluding the GMWB Fixed Account.  Specific to the GMWB Fixed Account, a specified withdrawal request may cause an automatic transfer from the GMWB Fixed Account on the following Contract Monthly Anniversary.

In addition, for Contracts with a GMWB containing a Transfer of Assets provision, the percentage of the partial withdrawal taken from the GMWB Fixed Account cannot exceed the ratio of the GMWB Fixed Account value to the Contract Value.

Suspension of Withdrawals or Transfers.We may be required to suspend or delay withdrawals or transfers to or from an Investment Division when:

● 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.

We have reserved the right to defer payment for a withdrawal or transfer from the Fixed Account and the GMWB Fixed Account for up to six months or the period permitted by law.

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INCOME PAYMENTS (THE INCOME PHASE)

The income phase of your Contract occurs when you begin receiving regular income payments from us.  The IncomeDate is the day those payments begin.  Once income payments begin, the Contract cannot be returned to the accumulation phase.  You can choose the Income Date and an income option.  All of the Contract Value must be annuitized.  The income options are described below.

If you do not choose an income option, we will assume that you selected option 3, which provides a life annuity with 120 months of guaranteed payments.

You can change the Income Date or income option at least seven days before the Income Date, but changes to the Income Date may only be to a later date.  You must give us written notice at least seven days before the scheduled Income Date.  Income payments must begin by the Contract Anniversary on or next following your 95th birthday under a non-qualified Contract, or by such earlier date as required by the applicable qualified plan, law or regulation.

Under a traditional Individual Retirement Annuity, required minimum distributions must begin in the calendar year in which you attain age 70 1/2 (or such other age as required by law).  Distributions under qualified plans and Tax-Sheltered Annuities must begin by the later of the calendar year in which you attain age 70 1/2 or the calendar year in which you retire.  You do not necessarily have to annuitize your Contract to meet the minimum distribution requirements for Individual Retirement Annuities, qualified plans, and Tax-Sheltered Annuities.  Distributions from Roth IRAs are not required prior to your death.

At the Income Date, you can choose to receive fixed payments or variable payments based on the Investment Divisions.  Unless you tell us otherwise, your income payments will be based on the fixed and variable options that were in place on the Income Date.

You can choose to have income payments made monthly, quarterly, semi-annually or annually.  Or you can choose a single lump sum payment.  If you have less than $5,000 to apply toward an income option and state law permits, we may provide your payment in a single lump sum, part of which may be taxable as Federal Income.  Likewise, if your first income payment would be less than $50 and state law permits, we may set the frequency of payments so that the first payment would be at least $50.

Variable Income Payments.If you choose to have any portion of your income payments based upon one or more Investment Divisions, the dollar amount of your initial annuity payment will depend primarily upon the following:

● 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 Excess Interest 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.

The investment factors in your Contract are calculated based upon a variety of factors, including an assumed investment rate of 1.5% for all options and, if you select an income option with a life contingency, the age and gender of the Annuitant.  State variations may apply.

If the actual net investment rate experienced by an Investment Division exceeds the assumed net investment rate, variable annuity payments will increase over time. Conversely, if the actual net investment rate is less than the assumed net investment rate, variable annuity payments will decrease over time. If the actual net investment rate equals the assumed net investment rate, the variable annuity payments will remain constant.

We calculate the dollar amount of subsequent income payments that you receive based upon the performance of the Investment Divisions you select.  If that performance (measured by changes in the value of Annuity Units) exceeds the assumed investment rate, then your income payments will increase; if that performance is less than the assumed investment rate, then your income payments will decrease.  Neither expenses actually incurred (other than taxes on investment return), nor mortality actually experienced, will adversely affect the dollar amount of subsequent income payments.

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Income Options.The Annuitant is the person whose life we look to when we make income payments (each description assumes that you are the Owner and Annuitant).  The following income options may not be available in all states.

Option 1 - Life Income.  This income option provides monthly payments for your life.  No further payments are payable after your death.  Thus, it is possible for you to receive only one payment if you died prior to the date the second payment was due.

Option 2 - Joint and Survivor.  This income option provides monthly payments for your life and for the life of another person (usually your spouse) selected by you.  Upon the death of either person, the monthly payments will continue during the lifetime of the survivor.  No further payments are payable after the death of the survivor.

Option 3 - Life Annuity With at Least 120 or 240 Monthly Payments.  This income option provides monthly payments for the Annuitant's life, but with payments continuing to the Beneficiary for the remainder of 10 or 20 years (as you select) if the Annuitant dies before the end of the selected period.  If the Beneficiary does not want to receive the remaining scheduled payments, a single lump sum may be requested, which will be equal to the present value of the remaining payments (as of the date of calculation) discounted at an interest rate that will be no more than 1% higher than the rate used to calculate the initial payment.  The calculation of the lump sum payment results in a Commutation Fee, which is further discussed on page 45 .

Option 4 - Income for a Specified Period.  This income option provides monthly payments for any number of years from 5 to 30.  If the Beneficiary does not want to receive the remaining scheduled payments, a single lump sum may be requested, which will be equal to the present value of the remaining payments (as of the date of calculation) discounted at an interest rate that will be no more than 1% higher than the rate used to calculate the initial payment.  The calculation of the lump sum payment results in a Commutation Fee, which is further discussed on page 45 .

Additional Options - We may make other income options available.

No withdrawals are permitted during the income phase under an income option that is life contingent.

DEATH BENEFIT

The Contract has a death benefit, namely the basic death benefit, which is payable during the accumulation phase.  Instead you may choose an optional death benefit for an additional charge, availability of which may vary by state.  For more information about the availability of an optional death benefit in your state, please see the application, check with the registered representative helping you to purchase the Contract or contact us at our Annuity Service Center.  Our contact information is on the first page of this prospectus.  With the exception of LifeGuard Freedom Flex DB, which currently may only be selected at issue in conjunction with the purchase of the LifeGuard Freedom Flex GMWB (with 6% Bonus and Annual Step-Up Options), the optional death benefits are only available upon application or upon conversion (if conversion is permitted).  In addition, once an optional death benefit is chosen, it cannot be canceled except upon conversion, (if conversion is permitted), or upon spousal continuation in the case of the LifeGuard Freedom Flex DB.

The effects of any GMWB on the amount payable to your beneficiaries upon your death should be considered in selecting the death benefits in combination with a GMWB.  Except as provided in certain of the GMWB endorsements, no death benefit will be paid upon your death in the event the Contract Value falls to zero.

The death benefit paid to your Beneficiary upon your death is calculated as of the date we receive all required documentation in Good Order which includes, but is not limited to, due proof of death and a completed claim form from the Beneficiary of record (if there are multiple beneficiaries, we will calculate the death benefit when we receive this documentation from the first Beneficiary).  Payment will include interest to the extent required by law.  The death benefit paid will be the basic death benefit unless you have selected the Earnings Protection Benefit and/or one of the other death benefit endorsements.  If you have a guaranteed minimum death benefit, the amount by which the guaranteed minimum death benefit exceeds the account value will be put into your account as of the date we receive all required documentation from the Beneficiary of record and will be allocated among the Investment Divisions and Fixed Account according to the current allocation instructions on file for your account as of that date.  Each Beneficiary will receive their portion of the remaining value, subject to market fluctuations, when their option election form is received at our Home Office in Lansing, Michigan.

Basic Death Benefit.If you die before moving to the income phase, the person you have chosen as your Beneficiary will receive a death benefit.  If you have a joint Owner, the death benefit will be paid when the first joint Owner dies.  The surviving joint Owner will be treated as the Beneficiary.  Any other Beneficiary designated will be treated as a contingent Beneficiary.  Only a spousal Beneficiary has the right to continue the Contract in force upon your death.

The death benefit equals the greater of:

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● 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.

Earnings Protection Benefit (“EarningsMax”).The Earnings Protection Benefit is an optional benefit that may increase the amount of the death benefit payable at your death.  If you are 75 years of age or younger when your Contract is issued, you may elect the Earnings Protection Benefit when the Contract is issued.

If you are under the age of 70 when your Contract is issued and you elect the Earnings Protection Benefit then, the amount that will be added to the death benefit that is otherwise payable is 40% of the earnings in your Contract, subject to the limit described below.

If you are between the ages of 70 and 75 when your Contract is issued and you elect the Earnings Protection Benefit, the amount that will be added to the death benefit that is otherwise payable is 25% of the earnings in your Contract, subject to the limit described below.

For purposes of this benefit, we define earningsas the amount by which the sum of your Contract Value, including any Contract Enhancement, exceeds the r emaining p remiums (Premiums not previously withdrawn) .  If the earnings amount is negative, i.e., the total r emaining p remiums are greater than your Contract Value, no Earnings Protection Benefit will be paid.  In determining the maximum amount of earnings on which we will calculate your Earnings Protection Benefit, earnings shall never exceed 250% of the r emaining p remiums, excluding r emaining p remiums paid in the 12 months prior to the date of your death (other than your initial Premium if you die in the first Contract year).

As described below, if your spouse exercises the Special Spousal Continuation Option (please see “Special Spousal Continuation Option” on page 142 ) upon your death, the Earnings Protection Benefit will be paid upon your death and your spouse may then discontinue the Earnings Protection Benefit.  If your spouse fails to make such an election, the Earnings Protection Benefit will remain in force and upon your spouse's death we will pay an Earnings Protection Benefit if the Contract has accrued additional earnings since your death.  In calculating that benefit, we will not take into consideration earnings accrued on or prior to the Continuation Date (as defined in “Special Spousal Continuation Option” beginning on page 142 ).  In addition, the maximum earnings on which we calculate the Earnings Protection Benefit is 250% of the Contract Value after application of the continuation adjustment (the amount by which the death benefit that would have been payable exceeds the Contract Value) plus r emaining p remiums paid on or after the Continuation Date (excluding r emaining p remiums paid within 12 months of your spouse's death).

You must elect the Earnings Protection Benefit when you apply for your Contract.  Once elected, the benefit may not be terminated.  However, if the Contract is continued under the Special Spousal Continuation Option, your spouse may then elect to discontinue the Earnings Protection Benefit.

No Earnings Protection Benefit (other than a “continuation adjustment” described below in “Special Spousal Continuation”) will be paid:

●	if your Contract is in the income phase at the time of your death;
●	if there are no earnings in your Contract; or
●	if your spouse exercises the Special Spousal Continuation Option (described below) and either
		○	is age 76 or older at the Continuation Date or
		○	elects to discontinue the Earnings Protection Benefit.

The Earnings Protection Benefit may not be available in your state.  See your financial advisor for information regarding the availability of the Earnings Protection Benefit.

Optional Death Benefits.Several optional death benefits are available at issue or upon conversion (subject to availability), in lieu of or in addition to any Earnings Protection Benefit, which are designed to protect your Contract Value from potentially poor investment performance and the impact that poor investment performance could have on the amount of the basic death benefit.  Because there is an additional annual charge for each of these optional death benefits, and because you cannot change your selection, please be sure that you have read about and understand the Contract's basic death benefit before selecting an optional death benefit.  Except for LifeGuard Freedom Flex DB, all optional death benefits are available if you are 79 years of age or younger on the

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Contract's Issue Date.  The LifeGuard Freedom Flex DB is only available in conjunction with the purchase of the LifeGuard Freedom Flex GMWB (with 6% Bonus and Annual Step-Up Options) and only if the Owner is 35 to 67  (70 for endorsements issued before April 29, 2013) years of age on the date the endorsement is added to the Contract.   The older you are at the time of selection, the less advantageous it would be for you to select an optional death benefit.  These optional death benefits are subject to our administrative rules to assure appropriate use, which administrative rules may be changed, as necessary.

Depending on when and in what state you applied for the Contract: the availability of an optional death benefit may have been different; how an optional death benefit is calculated varies; and we may have referred to an optional death benefit by a different name – all as noted below.

For purposes of these optional death benefits, “Net Premiums” are defined as your Premium payments net of Premium taxes, reduced by any withdrawals (including applicable charges and deductions) at the time of the withdrawal in the same proportion that the Contract Value was reduced on the date of the withdrawal.  Accordingly, if a withdrawal were to reduce the Contract Value by 50%, for example, Net Premiums would also be reduced by 50%.  Similarly, with the “Highest Quarterly Anniversary Value” component, the adjustment to your Contract Value for any withdrawals (including applicable charges and deductions) will have occurred proportionally at the time of the withdrawals.

Following are the calculations for the optional death benefits.  For purposes of these calculations, with the “Roll-up” component, interest will compound (accumulate) until the Contract Anniversary immediately preceding your 81st birthday.

5% Roll-up Death Benefit,changes your basic death benefit during the accumulation phase of your Contract to the greatest of:

(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 GMDB Benefit Base.

The GMDB Benefit Base for the 5% Roll-up Death Benefit will be determined as of the end of any Business Day and is equal to:

●	The step-up value on the most recent step-up date,
●	Plus any Premium paid (net of any applicable Premium taxes) subsequent to the determination of the step-Up value,
●	Less any withdrawal adjustments for withdrawals taken subsequent to the determination of the step-up value,
compounded at an annual interest rate of 5% from the step-up date until the Contract Anniversary immediately preceding the Owner's (or oldest Joint Owner's) 81st birthday. However, the interest rate is 4% per annum if you are 70 years old or older on the endorsement's effective date.  The interest rate is 3% per annum for all ages in Washington State.

All such Premium payment adjustments will occur at the time of the Premium payment, unless the Premium payment is received during the first Contract Quarter.  If the Premium payment is received during the first Contract Quarter, the adjustment to the GMDB Benefit Base for the Premium payment effectively occurs on the Issue Date, which lessens the impact a subsequent withdrawal may have on the GMDB Benefit Base.  All withdrawal adjustments are made at the end of the Contract Year and on the date of receipt of due proof of death (after the calculation of this guaranteed minimum death benefit's charge).  For total withdrawals up to 5% of the GMDB Benefit Base as of the previous Contract Anniversary (or the Issue Date, as applicable), the withdrawal adjustment is the dollar amount of the withdrawal (including any applicable charges and adjustments to such withdrawal).  After processing any applicable dollar for dollar portion of the withdrawal, the withdrawal adjustment for total withdrawals in a Contract Year in excess of 5% of the GMDB Benefit Base as of the previous Contract Anniversary (or the Issue Date, as applicable) is the GMDB Benefit Base immediately prior to the excess withdrawal adjustment multiplied by the percentage reduction in the Contract Value attributable to the excess withdrawals (including any applicable charges and adjustments to such excess withdrawals).  Withdrawals, particularly excess withdrawals, may prematurely reduce the value of this 5% Roll-up Death Benefit.

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The step-up date is initially equal to the endorsement's effective date, and the Step-up value is initially equal to: (a) the initial Premium paid (net of any applicable Premium taxes) if the endorsement's effective date is the Contract's Issue Date; or (b) the Contract Value, less any recapture charges, as of the endorsement's effective date if the effective date is after the Contract's Issue Date.  If the Contract Value is greater than the GMDB Benefit Base upon the earlier of the 7th Contract Anniversary following the endorsement's effective date or the Contract Anniversary immediately preceding the Owner's (or oldest Joint Owner's) 81st birthday, the step-up date is set equal to that Contract Anniversary, and the step-up value is set equal to the Contract Value on that Step-up date.

The GMDB Benefit Base is used only in connection with the determination of the guaranteed minimum death benefit, does not affect other endorsements, and is not reflective of the Contract Value.  Additionally, please note that if you elect this endorsement, ownership changes are not allowed.

Unlike the basic death benefit, this optional death benefit may provide value on or after the Income Date, which is the date on which you begin receiving annuity payments.  If the Income Date is before the Owner attains the age of 95, then this optional death benefit endorsement terminates and no death benefit is payable.  However, if the Income Date is on the date the Owner attains age of 95 (the latest possible Income Date), then the death benefit amount is equal to the excess, if any, of (a) minus (b) where:

(a) = the GMDB Benefit Base on the Income Date; and

(b) = the Contract Value on the Income Date.

If there is a death benefit amount on or after the Income Date, it will be payable to the Beneficiary when due proof of the Owner's death is received by the Company in Good Order.  If the Owner is not deceased as of the date that the final annuity payment under the elected income option is due, the death benefit amount will be payable in a lump sum to the Owner along with the final annuity payment.

Highest Quarterly Anniversary Value Death Benefit,changes your basic death benefit during the accumulation phase of your Contract to the greatest of:

(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 GMDB Benefit Base.

The GMDB Benefit Base for the Highest Quarterly Anniversary Value Death Benefit will be determined as of the end of any Business Day and is equal to the greatest of the adjusted quarterly Contract Values on the endorsement's effective date and on any Contract Quarterly Anniversary following the endorsement's effective date but prior to the Owner's 81st birthday.  Each adjusted quarterly Contract Value is equal to:

● The Contract Value on the endorsement's effective date or Contract Quarterly Anniversary, as applicable,  

● Less for any withdrawals subsequent to that date (including any applicable charges and adjustments for such withdrawals),  

● Plus any Premium paid (net of any applicable Premium taxes) subsequent to that date.

For the purposes of calculating the GMDB Benefit Base, all adjustments will occur at the time of the withdrawal or Premium payment and all adjustments for amounts withdrawn will reduce the GMDB Benefit Base in the same proportion that the Contract Value was reduced on the date of such withdrawal.  Withdrawals may prematurely reduce the value of this Highest Quarterly Anniversary Value Death Benefit.

The GMDB Benefit Base is used only in connection with the determination of the guaranteed minimum death benefit, does not affect other endorsements, and is not reflective of the Contract Value.  Additionally, please note that if you elect this endorsement, ownership changes are not allowed.

Unlike the basic death benefit, this optional death benefit may provide value on or after the Income Date, which is the date on which you begin receiving annuity payments.  If the Income Date is before the Owner attains the age of 95, then this optional death benefit endorsement terminates and no death benefit is payable.  However, if the Income

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Date is on the date the Owner attains age of 95 (the latest possible Income Date), then the death benefit amount is equal to the excess, if any, of (a) minus (b) where:

(a) = the GMDB Benefit Base on the Income Date; and

(b) = the Contract Value on the Income Date.

If there is a death benefit amount on or after the Income Date, it will be payable to the Beneficiary when due proof of the Owner's death is received by the Company in Good Order.  If the Owner is not deceased as of the date that the final annuity payment under the elected income option is due, the death benefit amount will be payable in a lump sum to the Owner along with the final annuity payment.

Combination 5% Roll-up and Highest Quarterly Anniversary Value Death Benefit, changes your basic death benefit during the accumulation phase of your Contract to the greatest of:

(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 GMDB Benefit Base.

The GMDB Benefit Base for the Combination 5% Roll-up and Highest Quarterly Anniversary Value Death Benefit will be determined as of the end of any Business Day and is equal to the greater of (a) or (b):

(a) is the Roll-Up Component which is equal to:

●	The step-up value on the most recent step-up date,
●	Plus any Premium paid (net of any applicable Premium taxes) subsequent to the determination of the step-up value,
●	Less any withdrawal adjustments for withdrawals taken subsequent to the determination of the step-up value,
compounded at an annual interest rate of 5% from the step-up date until the Contract Anniversary immediately preceding the Owner's (or oldest Joint Owner's) 81st birthday. However, the interest rate is 4% per annum if you are 70 years old or older on the endorsement's effective date.  The interest rate is 3% per annum for all ages in Washington State.

All such Premium payment adjustments will occur at the time of the Premium payment, unless the Premium payment is received during the first Contract Quarter.  If the Premium payment is received during the first Contract Quarter, the adjustment to the GMDB Benefit Base for the Premium payment effectively occurs on the Issue Date, which lessens the impact a subsequent withdrawal may have on the GMDB Benefit Base.  All withdrawal adjustments are made at the end of the Contract Year and on the date of receipt of due proof of death (after the calculation of this guaranteed minimum death benefit's charge).  For total withdrawals up to 5% of the Roll-Up Component as of the previous Contract Anniversary (or the Issue Date, as applicable), the withdrawal adjustment is the dollar amount of the withdrawal (including any applicable charges and adjustments to such withdrawal).  After processing any applicable dollar for dollar portion of the withdrawal, the withdrawal adjustment for total withdrawals in a Contract Year in excess of 5% of the Roll-Up Component as of the previous Contract Anniversary (or the Issue Date, as applicable) is the Roll-Up Component immediately prior to the excess withdrawal adjustment multiplied by the percentage reduction in the Contract Value attributable to the excess withdrawals (including any applicable charges and adjustments to such excess withdrawals).  Withdrawals, particularly excess withdrawals, may prematurely reduce the value of this Roll-Up Component.

and (b) is the Highest Quarterly Anniversary Value Component, whichis equal to the greatest of the adjusted quarterly Contract Values on the endorsement's effective date and on any Contract Quarterly Anniversary following the endorsement's effective date but prior to the Owner's 81st birthday.  Each adjusted quarterly Contract Value is equal to:

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● The Contract Value on the endorsement's effective date or Contract Quarterly Anniversary, as applicable,  

● Less for any withdrawals subsequent to that date (including any applicable charges and adjustments for such withdrawals),  

● Plus any Premium paid (net of any applicable Premium taxes) subsequent to that date.

For the purposes of calculating the Highest Quarterly Anniversary Value Component, all adjustments will occur at the time of the withdrawal or Premium payment and all adjustments for amounts withdrawn will reduce the Highest Quarterly Anniversary Value Component in the same proportion that the Contract Value was reduced on the date of such withdrawal.  Withdrawals may prematurely reduce the value of this Highest Quarterly Anniversary Value Component.

The step-up date is initially equal to the endorsement's effective date, and the step-up value is initially equal to: (a) the initial Premium paid (net of any applicable Premium taxes) if the endorsement's effective date is the Contract's Issue Date; or (b) the Contract Value, less any recapture charges, as of the endorsement's effective date if the effective date is after the Contract's Issue Date.  If the Contract Value is greater than the GMDB Benefit Base upon the earlier of the 7th Contract Anniversary following the endorsement's effective date or the Contract Anniversary immediately preceding the Owner's (or oldest Joint Owner's) 81st birthday, the step-up date is set equal to that Contract Anniversary, and the step-up value is set equal to the Contract Value on that step-up date.

The GMDB Benefit Base is used only in connection with the determination of the guaranteed minimum death benefit, does not affect other endorsements, and is not reflective of the Contract Value.  Additionally, please note that if you elect this endorsement, ownership changes are not allowed.

Unlike the basic death benefit, this optional death benefit may provide value on or after the Income Date, which is the date on which you begin receiving annuity payments.  If the Income Date is before the Owner attains the age of 95, then this optional death benefit endorsement terminates and no death benefit is payable.  However, if the Income Date is on the date the Owner attains age of 95 (the latest possible Income Date), then the death benefit amount is equal to the excess, if any, of (a) minus (b) where:

(a) = the GMDB Benefit Base on the Income Date; and

(b) = the Contract Value on the Income Date.

If there is a death benefit amount on or after the Income Date, it will be payable to the Beneficiary when due proof of the Owner's death is received by the Company in Good Order.  If the Owner is not deceased as of the date that the final annuity payment under the elected income option is due, the death benefit amount will be payable in a lump sum to the Owner along with the final annuity payment.

LifeGuard Freedom Flex DB, if elected, replaces your basic death benefit and is the only death benefit during the accumulation phase of your Contract.  The LifeGuard Freedom Flex DB is the greater of:

 (a) The Contract's Basic Death Benefit (see the description above); or

 (b) The GMWB Death Benefit, as calculated under this death benefit.

The LifeGuard Freedom Flex DB is only available currently at issue and in conjunction with the purchase of the 6% Bonus and Annual Step-Up combination of LifeGuard Freedom Flex GMWB (the “LifeGuard Freedom Flex 6% Bonus and Annual Step-Ups Option”) and only if the Owner is 35 to 67 (70 for endorsements issued before April 29, 2013) years of age on the date that the endorsement is issued in connection with the Contract.  At election, the GMWB Death Benefit equals the LifeGuard Freedom Flex 6% Bonus and Annual Step-Ups Guaranteed Withdrawal Balance (GWB).  When purchased at Contract issuance, the GWB is your initial Premium payment, net of any applicable Premium taxes, plus (for endorsements issued before April 29, 2013) any Contract Enhancements on the Premium payments.

At the time of a partial withdrawal, if the partial withdrawal plus all prior partial withdrawals made in the current Contract Year is less than or equal to the greater of (1) LifeGuard Freedom Flex 6% Bonus and Annual Step-Ups Option Guaranteed Annual Withdrawal Amount (GAWA) or (2) the required minimum distribution (RMD) under the Internal Revenue Code (for certain tax-qualified Contracts), the GMWB Death Benefit will be unchanged.  If a partial withdrawal plus all prior partial withdrawals made in the current Contract Year exceeds the

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greater of the GAWA or the RMD, the excess withdrawal is defined to be the lesser of (1) the amount of the partial withdrawal or (2) the amount by which the cumulative partial withdrawals for the current Contract Year exceeds the greater of the GAWA or the RMD; and the GMWB Death Benefit is reduced in the same proportion as the Contract Value is reduced for the excess withdrawal.  Therefore, please note that withdrawing more than the greater of the GAWA or RMD, as applicable, in a Contract Year may have a significantly negative impact on the value of this benefit and may lead to its premature termination.

With each subsequent Premium received after this endorsement is effective, the GMWB Death Benefit is recalculated to equal the GMWB Death Benefit 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.

In addition, on the 7th Contract Anniversary following the effective date of the endorsement, the GMWB Death Benefit will automatically step-up to the Contract Value if the Contract Value is greater than the GMWB Death Benefit, subject to a maximum of $5,000,000.

The GMWB Death Benefit is not adjusted upon step-up of the LifeGuard Freedom Flex 6% Bonus and Annual Step-Ups GWB, the application of the GWB a djustment or the application of any bonus.  The GMWB Death Benefit will terminate on the date the Contract Value equals zero.

Upon continuation of the Contract by a spousal Beneficiary, the surviving spouse may elect to terminate LifeGuard Freedom Flex 6% Bonus and Annual Step-Ups, in which case the GMWB death benefit will be included in the calculation of the continuation adjustment (the amount by which the death benefit that would have been payable exceeds the Contract Value).  If the spouse does not make such an election, the endorsement, including the death benefit thereunder, will continue in accordance with its terms, but the GMWB death benefit will not be included in the continuation adjustment.

For more information about how the LifeGuard Freedom Flex 6% Bonus and Annual Step-Ups works, including how the GWB and GAWA are calculated, please see “ LifeGuard Freedom Flex GMWB” beginning on page 106 .

Unlike the basic death benefit, LifeGuard Freedom Flex 6% Bonus and Annual Step-Ups may provide a death benefit on or after the Income Date, which is the date on which you begin receiving annuity payments.  If the Income Date is before the Owner attains the age of 95, then this endorsement terminates and no death benefit under the endorsement is payable.  However, if the Income Date is on the date the Owner attains age of 95 (the latest possible Income Date) and one of the following income options is elected, then the corresponding death benefit is payable:

● 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.

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● 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.

The death benefits under the Income Options vary depending on which Income Option you select. Either  the GMWB Death Benefit calculation, described above, with or without any remaining GWB, or the excess of the GMWB Death Benefit calculation over the Contract Value is payable. Each is computed on the Income Date. For more information on these Income Options, see “LifeGuard Freedom Flex GMWB – Annuitization” beginning on page 114 , and  “Income Options” beginning on  page 135 .”

Payout Options.The basic death benefit and the optional death benefits can be paid under one of the following payout options:

● 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.

Under these payout options, the Beneficiary may also elect to receive additional lump sums at any time.  The receipt of any additional lump sums will reduce the future income payments to the Beneficiary.

Unless the Beneficiary chooses to receive the entire death benefit in a single sum, the Beneficiary must elect a payout option within the 60-day period beginning with the date we receive proof of death and payments must begin within one year of the date of death.  If the Beneficiary chooses to receive some or all of the death benefit in a single sum and all the necessary requirements are met, we will pay the death benefit within seven days. If your Beneficiary is your spouse, he/she may elect to continue the Contract, at the current Contract Value, in his/her own name.  For more information, please see “Special Spousal Continuation Option” beginning on page 142 .

Pre-Selected Payout Options.As Owner, you may also make a predetermined selection of the death benefit payout option if your death occurs before the Income Date.  However, at the time of your death, we may modify the death benefit option if the death benefit you selected exceeds the life expectancy of the Beneficiary.  If this Pre-selected Death Benefit Option Election is in force at the time of your death, the payment of the death benefit may not be postponed, nor can the Contract be continued under any other provisions of this Contract.  This restriction applies even if the Beneficiary is your spouse, unless such restriction is prohibited by the Internal Revenue Code.  If the Beneficiary does not submit the required documentation for the death benefit to us within one year of your death, however, the death benefit must be paid, in a single lump sum, within five years of your death.  The Pre-selected Death Benefit Option may not be available in your state.

Special Spousal Continuation Option.If your spouse is the Beneficiary and elects to continue the Contract in his or her own name after your death, pursuant to the Special Spousal Continuation Option, no death benefit will be paid at that time.  Moreover,

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we will contribute to the Contract a continuation adjustment, which is the amount by which the death benefit that would have been payable exceeds the Contract Value.  We calculate this amount using the Contract Value and death benefit as of the date we receive completed forms and due proof of death from the Beneficiary of record and the spousal Beneficiary’s written request to continue the Contract (the “Continuation Date”).  We will add this amount to the Contract based on the current allocation instructions at the time of your death, subject to any minimum allocation restrictions, unless we receive other allocation instructions from your spouse.  The Special Spousal Continuation Option may not be available in your state.  See your financial advisor for information regarding the availability of the Special Spousal Continuation Option.

If your spouse continues the Contract in his/her own name under the Special Spousal Continuation Option, the new Contract Value will be considered the initial Premium for purposes of determining any future death benefit including any Earnings Protection Benefit under the Contract.  The age of the surviving spouse at the time of the continuation of the Contract will be used to determine all benefits under the Contract prospectively, so the death benefit may be at a different level.

If your spouse elects to continue the Contract, your spouse, as new Owner, cannot terminate most of the optional benefits you elected.  However, your spouse may then terminate the Earnings Protection Benefit and no further Earnings Protection Benefit charges will be deducted and no Earnings Protection Benefit will be paid upon your spouse’s death.  Any GMWB will also terminate upon your death (and no further GMWB charges will be deducted), unless your spouse is eligible for the benefit and elects to continue it with the Contract.  For more information, please see the respective GMWB subsections in this prospectus.

Unless your spouse discontinues the Earnings Protection Benefit on the Continuation Date, charges for the benefit will be deducted even though no Earnings Protection Benefit will apply if your spouse is 76 or older when the Contract is continued.

The Special Spousal Continuation Option is available to elect one time on the Contract.  However, if you have elected thePre-Selected Death Benefit Option the Contract cannot be continued under the Special Spousal Continuation Option, unless preventing continuation would be prohibited by the Internal Revenue Code.  The Pre-Selected Death Benefit Option may not be available in your state.

Death of Owner On or After the Income Date.If you or a joint Owner dies, and is not the Annuitant, on or after the Income Date, any remaining payments under the income option elected will continue at least as rapidly as under the method of distribution in effect at the date of death.  If you die, the Beneficiary becomes the Owner.  If the joint Owner dies, the surviving joint Owner, if any, will be the designated Beneficiary.  Any other Beneficiary designation on record at the time of death will be treated as a contingent Beneficiary.  A contingent Beneficiary is entitled to receive payment only after the Beneficiary dies.

Death of Annuitant.If the Annuitant is not an Owner or joint Owner and dies before the Income Date, you can name a new Annuitant, subject to our underwriting rules.  If you do not name a new Annuitant within 30 days of the death of the Annuitant, you will become the Annuitant.  However, if the Owner is a non-natural person (for example, a corporation), then the death of the Annuitant will be treated as the death of the Owner, and a new Annuitant may not be named.

If the Annuitant dies on or after the Income Date, any remaining guaranteed payment will be paid to the Beneficiary as provided for in the income option selected.  Any remaining guaranteed payment will be paid at least as rapidly as under the method of distribution in effect at the Annuitant’s death.

TAXES

The following is only general information and is not intended as tax advice to any individual.  Additional tax information is included in the SAI.  You should consult your own tax adviser as to how these general rules will apply to you if you purchase a Contract.

CONTRACT OWNER TAXATION

Tax-Qualified and Non-Qualified Contracts.If you purchase your Contract as a part of a tax-qualified plan such as an Individual Retirement Annuity (IRA), Tax-Sheltered Annuity (sometimes referred to as a 403(b) Contract), or pension or profit-sharing plan (including a 401(k) Plan or H.R. 10 Plan) your Contract will be what is referred to as a tax-qualified contract.  Tax deferral under a tax-qualified contract arises under the specific provisions of the Internal Revenue Code (Code) governing the tax-qualified plan, so a tax-qualified contract should be purchased only for the features and benefits other than tax deferral that are available under a tax-qualified contract, and not for the purpose of obtaining tax deferral.  You should consult your own adviser regarding these features and benefits of the Contract prior to purchasing a tax-qualified contract.

If you do not purchase your Contract as a part of any tax-qualified pension plan, specially sponsored program or an individual retirement annuity, your Contract will be what is referred to as a non-qualified contract.

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The amount of your tax liability on the earnings under and the amounts received from either a tax-qualified or a non-qualified Contract will vary depending on the specific tax rules applicable to your Contract and your particular circumstances.

Non-Qualified Contracts – General Taxation.Increases in the value of a non-qualified Contract attributable to undistributed earnings are generally not taxable to the Contract Owner or the Annuitant until a distribution (either a withdrawal, including withdrawals under any GMWB you may elect, or an income payment) is made from the Contract.  This tax deferral is generally not available under a non-qualified Contract owned by a non-natural person (e.g., a corporation or certain other entities other than a trust holding the Contract as an agent for a natural person).  Loans based on a non-qualified Contract are treated as distributions.

Non-Qualified Contracts – Aggregation of Contracts.For purposes of determining the taxability of a distribution, the Code provides that all non-qualified contracts issued by us (or an affiliate) to you during any calendar year must be treated as one annuity contract.  Additional rules may be promulgated under this Code provision to prevent avoidance of its effect through the ownership of serial contracts or otherwise.

Non-Qualified Contracts – Withdrawals and Income Payments.  Any withdrawal from a non-qualified Contract, including withdrawals under any GMWB you may elect, is taxable as ordinary income to the extent it does not exceed the accumulated earnings under the Contract.  In contrast, a part of each income payment under a non-qualified Contract is generally treated as a non-taxable return of Premium.  The balance of each income payment is taxable as ordinary income.  The amounts of the taxable and non-taxable portions of each income payment are determined based on the amount of the investment in the Contract and the length of the period over which income payments are to be made.  Income payments received after all of your investment in the Contract is recovered are fully taxable as ordinary income.  Additional information is provided in the SAI.

The Code also imposes a 10% penalty on certain taxable amounts received under a non-qualified Contract.  This penalty tax will not apply to any amounts:

● 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.

Beginning in 2013, the taxable portion of distributions from a non-qualified annuity Contract will be considered investment income for purposes of the new Medicare tax on investment income.  As a result, a 3.8% tax will generally apply to some or all of the taxable portion of distributions to individuals whose modified adjusted gross income exceeds certain threshold amounts.   T hese levels are $200,000 in the case of single taxpayers, $250,000 in the case of married taxpayers filing joint returns, and $125,000 in the case of married taxpayers filing separately.  Owners should consult their own tax advisers for more information.

Non-Qualified Contracts – Required Distributions.In order to be treated as an annuity contract for federal income tax purposes, the Code requires any nonqualified contract issued after January 18, 1985 to provide that (a) if an owner dies on or after the annuity starting date but prior to the time the entire interest in the contract has been distributed, the remaining portion of such interest will be distributed at least as rapidly as under the method of distribution being used as of the date of that owner’s death; and (b) if an owner dies prior to the annuity starting date, the entire interest in the contract must be distributed within five years after the date of the owner’s death.

The requirements of (b) above can be considered satisfied if any portion of the Owner’s interest which is payable to or for the benefit of a “designated beneficiary” is distributed over the life of such beneficiary or over a period not extending beyond the life expectancy of that beneficiary and such distributions begin within one year of that Owner’s death.  The Owner’s “designated beneficiary,” who must be a natural person, is the person designated by such Owner as a Beneficiary and to whom ownership of the Contract passes by reason of death.  However, if the Owner’s “designated beneficiary” is the surviving spouse of the Owner, the contract may be continued with the surviving spouse as the new Owner.

Tax-Qualified Contracts – Withdrawals and Income Payments.  The Code imposes limits on loans, withdrawals, and income payments under tax-qualified Contracts.  The Code also imposes required minimum distributions for tax-qualified Contracts

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and a 10% penalty on certain taxable amounts received prematurely under a tax-qualified Contract.  These limits, required minimum distributions, tax penalties and the tax computation rules are summarized in the SAI.  Any withdrawals under a tax-qualified Contract, including withdrawals under any GMWB you may elect, will be taxable except to the extent they are allocable to an investment in the Contract (any after-tax contributions).  In most cases, there will be little or no investment in the Contract for a tax-qualified Contract because contributions will have been made on a pre-tax or tax-deductible basis.

Withdrawals – Tax-Sheltered Annuities.The Code limits the withdrawal of amounts attributable to purchase payments made under a salary reduction agreement from Tax-Sheltered Annuities.  Withdrawals can only be made when an Owner:

● 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.

Withdrawals – Roth IRAs.Subject to certain limitations, individuals may also purchase a type of non-deductible IRA annuity known as a Roth IRA annuity.  Qualified distributions from Roth IRA annuities are entirely federal income tax free.  A qualified distribution requires that the individual has held the Roth IRA annuity for at least five years and, in addition, that the distribution is made either after the individual reaches age 59 1/2, on account of the individual’s death or disability, or as a qualified first-time home purchase, subject to $10,000 lifetime maximum, for the individual, or for a spouse, child, grandchild or ancestor.

Constructive Withdrawals – Investment Adviser Fees.Withdrawals from non-qualified Contracts for the payment of investment adviser fees will be considered taxable distributions from the Contract.  In a series of Private Letter Rulings, however, the Internal Revenue Service has held that the payment of investment adviser fees from a tax-qualified Contract need not be considered a distribution for income tax purposes.  Under the facts in these Rulings:

● 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.

Death Benefits.None of the death benefits paid under the Contract to the Beneficiary will be tax-exempt life insurance benefits.  The rules governing the taxation of payments from an annuity Contract, as discussed above, generally apply to the payment of death benefits and depend on whether the death benefits are paid as a lump sum or as annuity payments.  Estate or gift taxes may also apply.

IRS Approval. The Contract and all death benefit riders attached thereto have been approved by the IRS for use as an Individual Retirement Annuity prototype.

Assignment.An assignment of your Contract will generally be a taxable event.  Assignments of a tax-qualified Contract may also be limited by the Code and the Employee Retirement Income Security Act of 1974, as amended.  These limits are summarized in the SAI.  You should consult your tax adviser prior to making any assignment of your Contract.

Diversification.The Code provides that the underlying investments for a non-qualified variable annuity must satisfy certain diversification requirements in order to be treated as an annuity Contract.  We believe that the underlying investments are being managed so as to comply with these requirements.  A fuller discussion of the diversification requirements is contained in the SAI.

Owner Control.In a Revenue Ruling issued in 2003, the Internal Revenue Service (IRS) considered certain variable annuity and variable life insurance contracts and held that the types of actual and potential control that the contract owners could exercise over the investment assets held by the insurance company under these variable contracts was not sufficient to cause the contract owners to be treated as the owners of those assets and thus to be subject to current income tax on the income and gains produced by those assets.  Under the Contract, like the contracts described in the Revenue Ruling, there will be no arrangement, plan, contract or agreement between the contract owner and Jackson regarding the availability of a particular investment option and other than the contract owner’s right to allocate Premiums and transfer funds among the available sub-accounts, all investment decisions concerning the sub-accounts will be made by the insurance company or an advisor in its sole and absolute discretion.

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The Contract will differ from the contracts described in the Revenue Ruling, in two respects.  The first difference is that the contract in the Revenue Ruling provided only 12 investment options with the insurance company having the ability to add an additional 8 options whereas a Contract currently offers 98 Investment Divisions and at least one Fixed Account Option, although a Contract Owner’s Contract Value can be allocated to no more than 18 fixed and variable options at any one time.  The second difference is that the owner of a contract in the Revenue Ruling could only make one transfer per 30-day period without a fee whereas during the accumulation phase, a Contract owner will be permitted to make up to 15 transfers in any one year without a charge.

The Revenue Ruling states that whether the owner of a variable contract is to be treated as the owner of the assets held by the insurance company under the contract will depend on all of the facts and circumstances.  Jackson does not believe that the differences between the Contract and the contracts described in the Revenue Ruling with respect to the number of investment choices and the number of investment transfers that can be made under the contract without an additional charge should prevent the holding in the Revenue Ruling from applying to the Owner of a Contract.  At this time, however, it cannot be determined whether additional guidance will be provided by the IRS on this issue and what standards may be contained in such guidance. We reserve the right to modify the Contract to the extent required to maintain favorable tax treatment.

Withholding.In general, the income portion of distributions from a Contract are subject to 10% federal income tax withholding and the income portion of income payments are subject to withholding at the same rate as wages unless you elect not to have tax withheld. Some states have enacted similar rules.  Different rules may apply to payments delivered outside the United States.

Eligible rollover distributions from a Contract issued under certain types of tax-qualified plans will be subject to federal tax withholding at a mandatory 20% rate unless the distribution is made as a direct rollover to a tax-qualified plan or to an individual retirement account or annuity.

The Code generally allows the rollover of most distributions to and from tax-qualified plans, tax-sheltered annuities, Individual Retirement Annuities and eligible deferred compensation plans of state or local governments.  Distributions which may not be rolled over are those which are:

(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.

JACKSON TAXATION

We will pay company income taxes on the taxable corporate earnings created by this separate account product adjusted for various permissible deductions and certain tax benefits discussed below.  While we may consider company income tax liabilities and tax benefits when pricing our products, we do not currently include our income tax liabilities in the charges you pay under the Contract.  We will periodically review the issue of charging for these taxes and may impose a charge in the future.  (We do impose a so-called “Federal (DAC) Tax Charge” under variable life insurance policies, but the “Federal (DAC) Tax Charge” merely compensates us for the required deferral of acquisition cost and does not constitute company income taxes.)

In calculating our corporate income tax liability, we derive certain corporate income tax benefits associated with the investment of company assets, including separate account assets that are treated as company assets under applicable income tax law.  These benefits reduce our overall corporate income tax liability.  Under current law, such benefits may include dividends received deductions and foreign tax credits which can be material.  We do not pass these benefits through to the separate accounts, principally because:  (i) the great bulk of the benefits results from the dividends received deduction, which involves no reduction in the dollar amount of dividends that the separate account receives; (ii) product owners are not the owners of the assets generating the benefits under applicable income tax law; and (iii) while we impose a so-called “Federal (DAC) Tax Charge” under variable life insurance policies, we do not currently include company income taxes in the charges owners pay under the products.

OTHER INFORMATION

Dollar Cost Averaging.  If the amount allocated to the Investment Divisions plus the amount allocated to a Fixed Account Option is at least $15,000, you can arrange to have a dollar amount or percentage of money periodically transferred automatically into the Investment Divisions and other Fixed Account Options (if currently available) (each a “Designated Option”) from the one-year Fixed Account Option (if currently available) or any of the Investment Divisions (each a “Source Option”).  If we impose any transfer restrictions on the one-year Fixed Account Option as discussed in numbered paragraphs 1-4 under “Transfers and Frequent

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Transfer Restrictions,” then (i) the one-year Fixed Account Option can be used as a Source Option for Dollar Cost Averaging only with respect to new Premiums that are allocated to that Source Option, (ii) only a twelve-month Dollar Cost Averaging period may be selected, (iii) transfers out of the one-year Fixed Account Option pursuant to such Dollar Cost Averaging will not count against the maximum amount limitations we have imposed on transfers out of the one-year Fixed Account Option and (iv) transfers from that Source Option other than such scheduled transfers will not be permitted.

To the extent that Fixed Account Options are not available or are otherwise restricted from being a Dollar Cost Averaging Source Option or Designated Option, Dollar Cost Averaging will be exclusively from or to the Investment Divisions.  In the case of transfers from the one-year Fixed Account Option or Investment Divisions with a less volatile unit value to the Investment Divisions, Dollar Cost Averaging can let you pay a lower average cost per unit over time than you would receive if you made a one-time purchase.  Transfers from the more volatile Investment Divisions may not result in lower average costs and such Investment Divisions may not be an appropriate source of dollar cost averaging transfers in volatile markets.

There is no charge for Dollar Cost Averaging.   You may cancel your Dollar Cost Averaging program using whatever methods you use to change your allocation instructions.  You should consult with your Jackson representative with respect to the current availability of Dollar Cost Averaging.  Certain restrictions may apply.

Dollar Cost Averaging Plus (DCA+).The DCA+ Fixed Account Option is a “source account” designed for dollar cost averaging transfers to Investment Divisions or systematic transfers to other Fixed Account Options.  A Contract Value of $15,000 is required to participate.   From time to time, we will offer special enhanced interest rates on t he DCA+ Fixed Account Option.  If a DCA+ Fixed Account Option is selected, monies in the DCA+ Fixed Account Option will be systematically transferred to the Investment Divisions or other Fixed Account Options chosen over a DCA+ term of either twelve months or six months, as you select.

Transfers out of the DCA+ Fixed Account Option other than the automatic DCA+ transfers can be made only if you discontinue use of the DCA+ Fixed Account Option.  If we impose any transfer restrictions on the one-year Fixed Account Option as discussed in numbered paragraphs 1-4 under “Transfers and Frequent Transfer Restrictions,” then (i) you may not discontinue the DCA+ Fixed Account Option or otherwise transfer or withdraw any amounts from the DCA+ Fixed Account Option, but (ii) automatic transfers pursuant to DCA+ will not count against any maximum amount limitations we have imposed on transfers out of the one-year Fixed Account Option.

There is no charge for DCA+.   You may cancel your DCA+ program using whatever methods you use to change your allocation instructions.   You should consult your Jackson representative with respect to the current availability of the Fixed Account Options and the availability of DCA+.   Certain restrictions may apply.

Earnings Sweep.  You can choose to move your earnings from the source accounts (only applicable from the one-year Fixed Account Option, if currently available, and the Money Market Investment Division).   Earnings Sweep may only be added within 30 days of the issue date of your Contract.

There is no charge for Earnings Sweep.   You may cancel your Earnings Sweep program using whatever methods you use to change your allocation instructions.  You should consult with your Jackson representative with respect to the current availability of Earnings Sweep.  Certain restrictions may apply.

Rebalancing.You can arrange to have us automatically reallocate your Contract Value among Investment Divisions and the one-year Fixed Account Option (if currently available) periodically to maintain your selected allocation percentages.  Rebalancing will terminate if your rebalancing program includes the one-year Fixed Account Option and (i) we impose any transfer restrictions on the one-year Fixed Account Option as discussed in numbered paragraphs 1-4 under “Transfers and Frequent Transfer Restrictions” or (ii) we exercise our right to require that any Premiums allocated to the one-year Fixed Account Option be automatically transferred out of that option over a period of time that we specify.  In that case, however, you could re-elect automatic rebalancing without the one-year Fixed Account Option.  Rebalancing is consistent with maintaining your allocation of investments among market segments, although it is accomplished by reducing your Contract Value allocated to the better performing Investment Divisions.

There is no charge for Rebalancing.  You may cancel your Rebalancing program using whatever methods you use to change your allocation instructions.  You should consult with your Jackson representative with respect to the current availability of Rebalancing.  Certain restrictions may apply.

Free Look.You may return your Contract to the selling agent or us within ten days (or longer if required by your state) after receiving it.  We will return

● the Contract Value, plus

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● any fees (other than asset-based fees) and expenses deducted from the Premiums, minus  

● any applicable Contract Enhancement recapture charges.

We will determine the Contract Value in the Investment Divisions as of the date we receivethe Contract (subject to state variations). We will return Premium payments where required by law.  We will pay the applicable free look proceeds within seven days of a request in Good Order. If a Purchase Payment made by personal check or electronic draft is received within the five days preceding a free look request, we may delay payment of the free look proceeds up to seven days after the date of the request, to ensure the check or electronic draft is not returned due to insufficient funds. In some states, we are required to hold the Premiums of a senior citizen in the Fixed Account during the free look period, unless we are specifically directed to allocate the Premiums to the Investment Divisions.  State laws vary; your free look rights will depend on the laws of the state in which you purchased the Contract.

Advertising.  From time to time, we may advertise several types of performance of the Investment Divisions.

● 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.

Performance will be calculated by determining the percentage change in the value of an Accumulation Unit by dividing the increase (decrease) for that unit by the value of the Accumulation Unit at the beginning of the period.  Performance will reflect the deduction of the mortality and expense risk and administration charges and may reflect the deduction of the annual contract maintenance and withdrawal charges, but will not reflect charges for optional features except in performance data used in sales materials that promote those optional features.  The deduction of withdrawal charges and/or the charges for optional features would reduce the percentage increase or make greater any percentage decrease.

Restrictions Under the Texas Optional Retirement Program (ORP).Contracts issued to participants in ORP contain restrictions required under the Texas Administrative Code.  In accordance with those restrictions, a participant in ORP will not be permitted to make withdrawals prior to such participant’s retirement, death, attainment of age 70 1/2 or termination of employment in a Texas public institution of higher education.  The restrictions on withdrawal do not apply in the event a participant in ORP transfers the Contract Value to another approved contract or vendor during the period of ORP participation.  These requirements will apply to any other jurisdiction with comparable requirements.

Modification of Your Contract.Only our President, Vice President, Secretary or Assistant Secretary may approve a change to or waive a provision of your Contract.  Any change or waiver must be in writing.  We may change the terms of your Contract without your consent in order to comply with changes in applicable law, or otherwise as we deem necessary.

Confirmation of Transactions.  We will send you a written statement confirming that a financial transaction, such as a Premium payment, withdrawal, or transfer has been completed.  This confirmation statement will provide details about the transaction.  Certain transactions which are made on a periodic or systematic basis will be confirmed in a quarterly statement only.

It is important that you carefully review the information contained in the statements that confirm your transactions.  If you believe an error has occurred you must notify us in writing within 30 days of receipt of the statement so we can make any appropriate adjustments.  If we do not receive notice of any such potential error, we may not be responsible for correcting the error.

Legal Proceedings.Jackson and its subsidiaries are defendants in a number of civil proceedings, including class actions, arising in the ordinary course of business. These include civil litigation proceedings, which appear to be substantially similar to other class action litigation brought against many life insurers, including a modal premium case, alleging misconduct in the sale of insurance products. We do not believe at the present time that any pending action or proceeding will have a material adverse effect upon the Separate Account, Jackson’s ability to meet its obligations under the Contracts, or Jackson National Life Distributors LLC’s ability to perform its contract with the Separate Account.

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TABLE OF CONTENTS OF

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

Condensed Financial Information

Financial Statements of the Separate Account

Financial Statements of Jackson

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APPENDIX A

TRADEMARKS, SERVICE MARKS, AND RELATED DISCLOSURES

“JNL®,” “Jackson National®,”  “Jackson®,” “Jackson of NY®” and “Jackson National Life Insurance Company of New York®” are trademarks of Jackson National Life Insurance Company®.

The “S&P 500 Index,” “S&P MidCap 400 Index,” “S&P SmallCap 600 Index,” “Dow Jones U.S. Select Dividend Index,” “Dow Jones U.S. Contrarian Opportunities,” “Dow Jones Industrial Average,” “Dow Jones Select Dividend Index,” and “The Dow 10,” “Dow Jones Brookfield Global Infrastructure Index,” “STANDARD & POOR’S®,” “S&P®,” “S&P 500®,” “S&P MIDCAP 400 Index®,” “STANDARD & POOR’S MIDCAP 400 Index®,” “S&P SmallCap 600 Index®” and “STANDARD & POOR’S 500®” (collectively, the “Indices”) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Jackson National Life Insurance Company (“Jackson”).  “Dow Jones®”, “Dow Jones Industrial Average”, “DJIA®”, “Dow Jones Select Dividend Index”, “The Dow®” and “The Dow 10” are service and/or trademarks of Dow Jones Trademark Holdings, LLC (“Dow Jones”) and have been licensed to SPDJI and have been sub-licensed for use for certain purposes by Jackson National Life Insurance Company® (“Jackson”).

The Dow Jones Brookfield Global Infrastructure Index is calculated by SPDJI pursuant to an agreement with Brookfield Redding, Inc. (together with its affiliates, “Brookfield”) and has been licensed for use. Standard & Poor’s®, S&P® and S&P 500®, S&P MidCap 400® and S&P SmallCap 600® are registered trademarks of Standard & Poor’s Financial Services LLC; Dow Jones U.S. Contrarian Opportunities Index is a service mark of Dow Jones; Brookfield® is a registered trademark of Brookfield Office Properties, Inc. ; and the foregoing trademarks have been licensed by SPDJI for use.

The JNL/Mellon Capital S&P® SMid 60 Fund, JNL/Mellon Capital JNL 5 Fund, and the JNL/Mellon Capital S&P® 24 Fund, JNL/Mellon Capital S&P 500 Index Fund, JNL/Mellon S&P 400 MidCap Index Fund, JNL/Mellon Capital Dow Jones U.S. Contrarian Opportunities Index Fund, the JNL/Mellon Capital DowSM 10 Fund, the JNL/Mellon Capital DowSM Dividend Fund, the JNL/Mellon Capital JNL Optimized 5 Fund, the JNL/Mellon Capital Communications Sector Fund, the JNL/Mellon Capital Consumer Brands Sector Fund, the JNL/Mellon Capital Financial Sector Fund, the JNL/Mellon Capital Healthcare Sector Fund, the JNL/Mellon Capital Oil & Gas Sector Fund, and the JNL/Mellon Capital Technology Sector Fund, and the JNL/Brookfield Global Infrastructure and MLP Fund (collectively, the “Products”) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, Standard & Poor’s Financial Services LLC, Brookfield or any of their respective affiliates (collectively, “S&P Dow Jones Indices”).

S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Products or any member of the public regarding the advisability of investing in securities generally or in the Products particularly or the ability of the Indices to track general market performance.  S&P Dow Jones Indices’ only relationship to Jackson with respect to the Indices or the Products is the licensing of the Indices and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors.  The Indices are determined, composed and calculated by S&P Dow Jones Indices without regard to Jackson or the Products.  S&P Dow Jones Indices have no obligation to take the needs of Jackson or the owners of the Products into consideration in determining, composing or calculating the Indices.  S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of the Products or the timing of the issuance or sale of the Products in the determination or calculation of the equation by which the Products are to be converted into cash, surrendered or redeemed, as the case may be.  S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of the Products. There is no assurance that investment products based on the Indices will accurately track index performance or provide positive investment returns.  S&P Dow Jones Indices LLC is not an investment advisor.  Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

Dow Jones, SPDJI and their respective affiliates do not:

·   Sponsor, endorse, sell or promote the Products.

·   Recommend that any person invest in the Products.

·   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.

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Dow 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.
The 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.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDICES OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO.  S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS IN CALCULATING THE INDICES .  S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY JACKSON OR OWNERS OF THE PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO.  WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIB I LITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE.  THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND JACKSON, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

SPDR® is a registered trademark of Standard & Poor’s Financial Services LLC.  S&P Capital IQ is a trademark of Standard Financial Services LLC.

The following applies to the JNL/S&P Managed Growth Fund, JNL/S&P Managed Conservative Fund, JNL/S&P Managed Moderate Growth Fund, JNL/S&P Managed Moderate Fund, JNL/S&P Managed Aggressive Growth Fund and JNL/S&P 4 Fund .SPIAS is co-Sub-Adviser with Mellon Capital for the following funds:  JNL/S&P Mid 3 Fund, JNL/S&P Competitive Advantage Fund, JNL/S&P Dividend Income & Growth Fund, JNL/S&P Intrinsic Value Fund, and JNL/S&P Total Yield Fund .

Standard & Poor’s Investment Advisory Services LLC (“SPIAS”) is a registered investment advisor with the U.S. Securities and Exchange Commission and a wholly owned subsidiary of McGraw-Hill Financial , Inc. SPIAS does not provide advice to underlying clients of the firms to which it provides services. SPIAS does not act as a “fiduciary” or as an “investment manager,” as defined under ERISA, to any investor. SPIAS is not responsible for client suitability.

Programs and products of the firms to which SPIAS provides services are not endorsed, sold or promoted by SPIAS and its affiliates, and SPIAS and its affiliates make no representation regarding the advisability of investing in those programs and products. With respect to the asset allocations and investments recommended by SPIAS, investors should realize that such investment recommendations are provided to Jackson National Asset Management, LLC only as a general recommendation. The underlying funds of the JNL/S&P 4 Fund are co-sub-advised by SPIAS. SPIAS does not co-sub-advise the JNL/S&P 4 Fund. There is no agreement or understanding whatsoever that SPIAS will provide individualized advice to any investor. SPIAS does not take into account any information about any investor or any investor’s assets when providing investment advisory services to firms to which SPIAS provides services. SPIAS does not have any discretionary authority or control with respect to purchasing or selling securities or making other investments. Individual investors should ultimately rely on their own judgment and/or the judgment of a representative in making their investment decisions.

Standard & Poor’s  Financial Services LLC, SPIAS, and their affiliates (collectively S&P), and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively with S&P,  S&P Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and valuations, and are not responsible for errors and omissions, or for the results obtained from the use of such information, and S&P Parties shall have no liability for any errors, omission, or interruptions therein

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(negligent or otherwise), regardless of the cause, or for the results obtained from the use of such information. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

S&P’s credit ratings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions.  S&P credit ratings should not be relied on when making any investment or other business decision.  S&P’s opinions and analyses do not address the suitability of any security.  S&P does not act as a fiduciary or an investment advisor, except where registered as such. While S&P has obtained information from sources they believe to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives.

To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw or suspend such acknowledgement at any time and in its sole discretion. S&P Parties disclaim any duty whatsoever arising out of the assignment, withdrawal or suspension of an acknowledgment as well as any liability for any damage alleged to have been suffered on account thereof.

S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of S&P may have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.

S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right to disseminate its opinions and analyses. S&P’s public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription), and may be distributed through other means, including via S&P publications and third party redistributors. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees.

Based on a universe of funds provided to SPIAS, SPIAS may recommend for investment certain funds to which S&P licenses certain intellectual property or otherwise has a financial interest, including exchange-traded funds whose investment objective is to substantially replicate the returns of a proprietary index of S&P Dow Jones Indices, such as the S&P 500. SPIAS recommends these funds for investment based on asset allocation, sector representation, liquidity and other factors; however, SPIAS has a potential conflict of interest with respect to the inclusion of these funds.  In cases where S&P is paid fees that are tied to the amount of assets that are invested in the fund, investment in the fund will generally result in S&P earning compensation in addition to the fees received by SPIAS in connection with its provision of services.  In certain cases there may be alternative funds that are available for investment that will provide investors substantially similar exposure to the asset class or sector.

S&P provides a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.

SPIAS may consider research and other information from affiliates in making its investment recommendations. The investment policies of certain portfolios specifically state that among the information SPIAS will consider in evaluating a security are the credit ratings assigned by S&P.  SPIAS does not consider the ratings assigned by other credit rating agencies. Credit rating criteria and scales may differ among credit rating agencies. Ratings assigned by other credit rating agencies may reflect more or less favorable opinions of creditworthiness than ratings assigned by S&P.

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

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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 or the JNL/Mellon Capital JNL Optimized 5 Fund.  The JNL/Mellon Capital Nasdaq® 25 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 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

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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 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 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.

A-5

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-6

APPENDIX B

CONTRACT ENHANCEMENT RECAPTURE CHARGE PROSPECTUS EXAMPLES

Example 1 illustrates the application of the 4% Contract Enhancement endorsement to a Contract with a single Premium payment and the application of withdrawal charges (using the base withdrawal charge schedule) and recapture charges upon a partial withdrawal when earnings exceed 10% of Remaining Premium (and, therefore, there is no free withdrawal).  This example assumes that the Contract is issued on October 1, 2012, and that the Contract Value grows to $128,837.76 by September 30, 2016.  The Contract Owner requests that he or she be sent $100,000 on September 30, 2016.  The Contract Value will have to be reduced by not only the $100,000, but also by the applicable Withdrawal Charge and Recapture Charge owed to us given the amount of Premium withdrawn that is subject to those charges, as illustrated below.

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%))
5.50%	:	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).
$77,350.26	:	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 – (5.50% + 2.50%)]) = $77,350.26.  In this calculation, the 5.50% represents the WC%, and the 2.50% represents the RC%.
$100,000.00	:	Net Withdrawal Amount
$4,254.26	:	Withdrawal Charge: $77,772.94 multiplied by WC% (5.50%)
$1,933.76	:	Recapture Charge: $77,772.94 multiplied by RC% (2.50%)
$106,188.02	:	Total Withdrawal Amount (Net Withdrawal requested ($100,000.00) plus the Withdrawal Charge ($4,254.26) and the Recapture Charge ($1,933.76) that is imposed on the withdrawal of Premium) which is the total amount deducted from the Contract Value
$22,649.74	:	Contract Value after Total Withdrawal ($128,837.76 less $106,188.02)

Example 2 illustrates the application of the 4% Contract Enhancement endorsement to a Contract with multiple Premium payments and the application of withdrawal charges (using the base withdrawal charge schedule) and recapture charges upon a partial withdrawal when earnings do not exceed 10% of Remaining Premium.  This example assumes that the Contract is issued on October 1, 2012, the Contract Owner makes an additional Premium payment of $100,000 on November 1, 2014, and that the Contract Value grows to $207,000 by December 15, 2014.  The Contract Owner requests that he or she be sent $150,000 on December 15, 2014.  The Contract Value will have to be reduced by not only the $150,000, but also by the applicable Withdrawal Charge and Recapture Charge owed to us given the amount of Premium withdrawn that is subject to those charges, as illustrated below.  For purposes of the withdrawal charge and recapture charge, we treat withdrawals as coming first from earnings, which are withdrawn without withdrawal charges and recapture charges, and then from the oldest Remaining Premium, which will have the lowest withdrawal charges and recapture charges of any Premium remaining in the Contract.

B-1

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%))
6.50%	:	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.
$91,000.00	:	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 (6.50%) equals $6,500) less the Recapture Charge from Premium 1 ($100,000 multiplied by RC%1 (2.50%) equals $2,500))
$39,000.00	:	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), andminus the amount withdrawn from Premium 1 after deducting the Withdrawal Charge and the Recapture Charge ($91,000)
$43,820.22	:	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: $39,000 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
$6,500.00	:	Withdrawal Charge from Premium 1: $100,000 multiplied by WC%1 (6.50%)
$2,500.00	:	Recapture Charge from Premium 1: $100,000 multiplied by RC%1 (2.50%)
$3,724.72	:	Withdrawal Charge from Premium 2: $43,820.22 multiplied by WC%2 (8.50%)
$1,095.51	:	Recapture Charge from Premium 2: $43,820.22 multiplied by RC%2 (2.50%)
$163,820.23	:	Total Withdrawal Amount (Net Withdrawal requested ($150,000.00) plus the Withdrawal Charge ($6,500.00 plus $3,724.72 equals $10,224.72 in total Withdrawal Charges) and the Recapture Charge ($1095.51 plus $2,500.00 equals $3,595.51 in total Recapture Charges) that is imposed on the withdrawal of Premium) which is the total amount deducted from the Contract Value)
$43,179.77	:	Contract Value after Total Withdrawal ($207,000.00 less $163,820.23)

B-2

Example 3 illustrates the application of the 4% Contract Enhancement endorsement to a Contract with a single Premium payment and the application of recapture charges when a contract is annuitized and the corresponding Income Date is within the recapture charge schedule (please see the Recapture Charge Schedule(s) beginning on page 33 of this prospectus).  This example assumes that the Contract is issued on October 1, 2012, and that the Contract Value grows to $128,837.76 by September 30, 2016.  The Contract Owner requests to annuitize his or her Contract and the Income Date is September 30, 2016.

Example 3
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%))
2.50%	:	Recapture Charge Percentage for Completed Year 3-4 (RC%)
5.50%	:	Hypothetical Net Return
At end of Year 4
9/30/2016	:	Income Date
$128,837.76	:	Contract Value at end of Year 4
$2,500.00	:	Recapture Charge when the Income Date is at the end of Year 4: Premium ($100,000) multiplied by RC% (2.50%)
$126,337.76	:	Contract Value to be annuitized (Contract Value less Recapture Charge on the Income Date)

B-3

APPENDIX C

BROKER-DEALER SUPPORT

Below is a complete list of broker-dealers that received marketing and distribution and/or administrative support in 201 3 from the Distributor in relation to the sale of our variable insurance products.

1st Global Capital Corporation	Benchmark Investments Inc.	Centara Capital Securities Inc.	Cutter & Co Brokerage Inc.
Adirondack Trading Group LLC	Beneficial Investment Services	Centaurus Financial Inc.	CW Securities LLC
Aegis Capital Corp	Benjamin F Edwards & Co Inc.	Center Street Securities	D A Davidson
Alamo Capital	Berthel Fisher & Co Financial Services	Century Securities & Associates, Inc.	Dalton Strategic Investment Services Inc.
Allegheny Investments, Ltd.	BestVest Investments, Ltd.	Ceros Financial Services INC	David A Noyes & Company
Allegiance Capital LLC	BFT Financial Group LLC	Cetera Advisor Networks LLC	Delta Equity Services Corporation
Allen & Company	BMO Harris Financial Advisors, Inc.	Cetera Investment Services LLC	Dempsey Lord Smith LLC
Allied Beacon Partners Inc.	Boenning & Scattergood Inc.	CFD Investments, Inc.	Despain Financial Corporation
Allstate Financial Services LLC	BOSC Inc.	CFS Investments Inc.	Deutsche Bank Securities, Inc.
American Equity Investment Corp	Brighton Securities	Chelsea Financial Services	DFPG Investments
American General Securities, Inc.	Broker Dealer Financial Services Corp	Choice Investments Inc.	Dominion Investor Services
American Independent Securities Group, LLC	Brokers International Financial Services LLC	Citigroup Global Markets Inc.	Double Eagle Securities of America Inc.
American Investors Company	Brokersxpress LLC	Client One Securities LLC	Duncan Williams Inc.
American Portfolios Financial Services, Inc.	Brooklight Place Securities	Coastal Equities	Eagle Equities Inc.
American Wealth Management Inc.	Brookstone Securities Inc.	Colorado Financial Service Corporation	Eagles Talent Connection Inc.
Ameriprise Financial Services Inc.	Bruce A Lefavi Securities Inc.	Commonwealth Financial Network	EDI Financial Inc.
Ameritas Investment Corp	Buckman Buckman & Reid Inc.	Community Investment Services Inc.	Edward Jones & Company
Arete Wealth Management LLC	Bueter & Company Inc.	Comprehensive Asset Management and	Eltekon Securities LLC
Argentus Securities LLC	Cabot Lodge Securities LLC	Servicing, Inc.	Equable Securities Corp.
Arque Capital Ltd.	Cadaret, Grant & Company	Concorde Investment Services	Equitas America LLC
Arvest Asset Management	Calton & Associates Inc.	Consolidated Financial Investments Inc.	Equity Services Inc.
Associated Investment Services	Cambridge Investment Research	Coordinated Capital Securities	Essex National Securities Inc.
Aurora Capital	Cambridge Legacy Securities LLC	Corecapital Investments	FCG Advisors, LLC
Ausdal Financial Partners Inc.	Cantella & Co, Inc	Cornerstone Financial Services Inc.	Fifth Third Securities
Avalon Investment & Securities Group Inc.	Cape Fear Securities, Inc.	Correll Co. Investment Services Corp	Financial Advisers Of America
AXA Advisors LLC & AXA Network	Cape Securities Inc.	Country Club Financial Services Inc.	Financial Network Investment
B B Graham & Co Inc.	Capital Financial Services	Cresap Inc.	Financial Planning Consultants
B C Ziegler and Company	Capital Guardian LLC	Crowell, Weedon & Co	Financial Services Institute
Bancwest Investment Services, Inc.	Capital Investment Group	Crown Capital Securities LP	Financial Telesis Inc.
Bankers & Investors Co	Capital One Investment Services, LLC	CUE Financial Group Of Tx/	Financial West Investment Group
Bar Financial	Capital Synergy Partners Inc.	CUE Financial	Fintegra Financial Solutions
BB&T Investment Services Inc.	Capitalwave Inc.	Cullum & Burks Securities Inc.	First Allied Securities, Inc
BBVA Compass Investment Solutions Inc	Capitol Securities Management, Inc.	CUNA Brokerage Services, Inc.	First American Securities
BC Ziegler & Co	CCO Investment Services Corp	Cuna Mutual Insurance Agency	First Brokerage America LLC
BCG Securities Inc.	CCF Investments, Inc.	CUSO Financial Services	First Citizens Investor Services

C-1

First Financial Equity	H D Vest Investment Securities	Investors Capital Corporation	M. Holdings Securities, Inc.
First Financial Equity Corporation	Hancock Investment Services LLC	Investors Insurance Services	Madison Ave Securities
First Heartland Capital Inc.	Hantz Financial Services	J P Turner & Co LLC	Mark Stewart Securities Inc.
First Independent Financial Services	Harbor Financial Services	J W Cole Financial Inc.	McLaughlin Ryder Investments Inc.
First Midamerica Investment Corp	Harbour Investment Inc.	Jack Cramer & Associates Inc.	McNally Financial Services Corp
First National Capital Markets	Harger & Company	Janney Montgomery Scott LLC	Mercer Allied Company LP
First Republic Bank	Harold Dance Investments	JHS Capital Advisors	Merrill Lynch
First Tennessee Brokerage Direct	Harvest Capital LLC	JJB Hilliard WL Lyons Inc	Metlife Securities
First Western Securities, Inc.	Hazard & Siegel Inc	JP Morgan Securities	Michigan Securities, Inc.
FirstMerit Financial Services, Inc.	HBW Securities	JRL Capital Corporation	Microforum Services Group
Firstrust Financial Resources LLC	Hilliard & Lyons	K.W. Chambers & Co.	Mid Atlantic Securities
Five Star Investment Services	Hornor Townsend & Kent Inc.	Kalos Capital Inc.	MidAmerica Financial Services Inc.
Focus Partners LLC	HRC Investment Services Inc.	KCD Financial	Milkie/Ferguson Investments, Inc.
Foothill Securities, Inc.	HSBC Securities	KCG Securities LLC	Millington Securities Inc.
Foresight Investments	Huntington Investment Company	Kehrer Saltzman & Associates	MML Investors Services Inc.
Foresters Equity Services Inc.	Huntleigh Securities Corp.	Kenneth Kehrer Associates	Moloney Securities Co., Inc.
Founders Financial Securities	IBN Financial Services	Keppler Associates Inc.	Money Concepts Capital Corp
FP Transitions LLC	Investment Centers Of America	Key Investment Services	Moors & Cabot, Inc.
Freedom Investors Corp.	ICBA Financial Services	KMS Financial Services Inc	Morgan Keegan
FSC Securities Corporation	IFS Securities	Kovack Securities, Inc	Morgan Stanley Smith Barney
First Tennessee Brokerage	IMS Securities	L.M. Kohn & Company, Inc.	Multi-Financial Securities Corp
Fulcrum Securities Inc.	Independence Capital Co	Labrunerie Financial Inc.	Mutual of Omaha Investor Services Inc.
G F Investment Services	Independent Financial Group	Landolt Securities Inc.	Mutual Securities Inc
G. W. Sherwold Associates Inc.	Indiana Merchant Banking and Brokerage	Larson Financial Securities	Mutual Trust Company
GA Repple & Company	Infinex Investments Inc.	Lasalle St. Securities LLC	MWA Financial Services, Inc.
Garden State Securities	Infinity Securities Inc.	Leading Authorities Inc.	Naples Ais Inc.
Gardner Financial Services Inc.	ING Financial Partners Inc.	Legend Equities Corp	National Planning Corporation
Gary Goldberg & Co	Innovation Partners LLC	Leigh Baldwin & Co LLC  Inc	National Securities Corp
Geneos Wealth Management Inc.	Institutional Securities Corp	Leonard & Company	Nationwide Planning Associates
Gentry Partners Ltd.	Insured Retirement Institute	Liberty Group, LLC	Nationwide Securities, LLC
G.F. Investment Services	Interactive Strategies LLC	Liberty Partners Financial	Navy Federal Brokerage Services
Gilford Securities Inc.	Intercarolina Financial Services, Inc.	LifeMark Securities Corp	NBC Securities Inc.
Girard Securities Inc.	Intercontinental Asset Management Group	Lincoln Financial Advisors	New England Securities
Global Brokerage Services, Inc.	International Assets Advisory LLC	Lincoln Financial Securities	Newbridge Securities Corp
Globalink Securities Inc.	Intervest International Equities Corp.	Lincoln Investment Planning	Newport Coast Securities
Golden 1 Financial Services	INVEST Financial Corporation	LM Kohn & Co	NEXT Financial Group, Inc.
Gradient Securities	Investacorp, Inc.	Lombard Securities	NFP Securities Inc.
Grattan Financial Strategies	Investment Centers Of America	Long Island Financial Group Inc.	North Ridge Securities Corp
Great Nation Investment Corporation	Investment Management Corporation	Longevity Capital LLC	Northeast Capital Management, Inc.
Great Southern Bank	Investment Network, Inc.	Lowell & Company Inc.	Northeast Securities, Inc.
GWN Securities Inc.	Investment Planners, Inc.	LPL Financial Corporation	Northridge Securities Corp
H  Beck Inc.	Investment Professionals Inc.	Lucia Securities LLC	Northwestern Mutual Investment Services, LLC

C-2

NPB Financial Group	Rhodes Securities, Inc.	Summit Equities Inc.	Valic Financial Advisors Inc.
NYLife Securities, LLC	Ridgeway & Conger Inc.	Summitalliance Securities LLC	ValMark Securities Inc.
Oak Grove Investment Services Inc.	River Stone Wealth Management	Sunset Financial Services, Inc.	Vanderbilt Securities LLC Inc
Oak Ridge Financial Services Group	RNR Securities LLC	Sunstreet Securities LLC	Veritrust Financial LLC
OFG Financial Services, Inc.	Robert W Baird & Co Inc.	SunTrust Investment Services, Inc.	Vision Brokerage Services
Ogilvie Security Advisors	Rogan and Associates	Supreme Alliance LLC	VSR Financial Services, Inc.
OneAmerica Securities	Rothschild Investment Corp	SWBC Investment Services LLC	Waddell & Reed, Inc
Oppenheimer & Co	Royal Alliance Associates Inc	SWS Financial Service, Inc.	Wall Street Financial Group
Pacific West Securities Inc.	Royal Securities	Symetra Investment Services	Walnut Street Securities
Packerland Brokerage Services	RSG Capital Corporation	Synovus Securities Inc.	Wayne Hummer Investments LLC
Paradigm Equities, Inc.	S. G. Long & Company	T S Phillips Investments	Wedbush Securities Inc.
Park Avenue Securities	Sagepoint Financial	Taylor Capital Management	Wells Fargo Advisors
Pars International Corp	Sammons Securities	Teckmeyer Financial Services	WesBanco Securities Inc.
Parsonex Securities, LLC	Santander Securities LLC	TFS Securities Inc.	Wescom Financial Services
People’s Securities Inc.	SCF Secuties, Inc.	The Huntington Investment Company	Westco Investment Corp
Petersen Investments Inc.	Schlitt Investor Services	The Investment Center Inc.	Western Equity Group
PFA Security Asset Management	Secure Planning Inc.	The Leaders Group	Western International Securities Inc
PlanMember Securities	Securian Financial Services	The ON Equity Sales Company	Westminster Financial Securities
Planned Investment Co Inc.	Securities America	The Strategic Financial Alliance Inc.	WFG Investments Inc.
PNC Investments LLC	Securities Equity Group	The Windmill Group	Whitehall Parker Securities
Port Securities Inc.	Securities Management & Research, Inc.	Thomas Mcdonald Partners	Wilbanks Securities, Inc.
PPA Investments, Inc.	Securities Service Network	Thrivent Investment Management	William C Burnside & Co, Inc.
Presidential Brokerage, Inc.	Shareholders Services Group Inc.	Thurston, Springer, Miller, Herd &	Williams Financial Group
Prime Capital Services Inc	Shore Capital Management LLC	Titak, Inc	Windsor, Sheffield & Co, Inc
Princor Financial Services	Sigma Financial Corporation	Tower Square Securities Inc.	Winslow, Evans & Crocker Inc.
Private Client Services LLC	Signator Financial Services	Transamerica Financial Advisors, Inc	Woodmen Financial Services, Inc.
Pro Equities, Inc	Signator Investors, Inc.	Triad Advisors, Inc.	World Capital Brokerage Inc.
Prospera Financial Services Inc.	Signature Securities Group Corp.	Tricor Financial, LLC	World Choice Securities Inc.
Protected Investors of America	SII Investments	Trustmont Financial Group	World Equity Group, Inc.
Prudential Securities Inc.	Silver Oak Securities	U.S. Bancorp Investments, Inc.	World Financial Group Inc.
PTS Brokerage LLC	Singer Xenos Securities Corp.	UBS Financial Services Inc.	WRP Investments Inc.
Purshe Kaplan Sterling	SMH Capital Inc.	Uhlmann Price Securities	Wunderlich Securities
Quayle & Co Securities	Smith Moore & Co	Umpqua Investments Inc.
Quest Securities	Sorrento Pacific Financial	Union Banc Investment Services
Questar Capital Corporation	Southeast Investments	Union Capital Company
R.M. Stark & Co., Inc.	Southwest Securities Financial Services	United Brokerage Services, Inc.
Raymond James	Spire Securities LLC	United Equity Services LLC
RBC Capital Markets Corp	St. Bernard Financial Services	United Planners Financial Services Of
RBC Dain Rauscher Inc.	Sterne Agee Financial Services	America
Regal Securities Inc.	Stifel Nicolaus & Company	USA Financial Services Corp
Resource Horizons Group	Strategic Financial Alliance	USI Securities, Inc.

C-3

APPENDIX D

GMWB PROSPECTUS EXAMPLES

I.      SAFEGUARD MAX (No longer offered as of April 29, 2013)

Unless otherwise specified, the following examples assume you elected SafeGuard Max GMWB with a 7% benefit when you purchased your Contract, no other optional benefits were elected, your initial Premium payment was $100,000, your GAWA is greater than your RMD (if applicable) at the time a withdrawal is requested, all partial withdrawals requested include any applicable charges, and no prior partial withdrawals have been made. The examples also assume that the GMWB has not been terminated as described in the Access to Your Money section of this prospectus.

Example 1: This example demonstrates how GMWB values are set at election.

§ Example 1a: If the GMWB is elected at issue:

¨ Your initial GWB is $100,000, which is your initial Premium payment.

¨ Your GAWA is $7,000, which is 7% of your initial GWB ($100,000*0.07 = $7,000).

§ 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.

¨ Your GAWA is $7,000, which is 7% of your initial GWB ($100,000*0.07 = $7,000).

§ 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 is $7,350, which is 7% of your initial GWB ($105,000*0.07 = $7,350).

§ Notes:

¨ 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.

Example 2: This example demonstrates how your GAWA% is determined.  Your GAWA% is determined on the earlier of the time of your first withdrawal or the date that your Contract Value reduces to zero. Your GAWA% is set based upon your attained age at that time.  Your initial GAWA is determined based on this GAWA% and the GWB at that time.

§ 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 3: This example demonstrates how upon payment of a subsequent Premium, GMWB values may be re-determined.

§ 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).

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§ Notes:

¨ 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 4: This example demonstrates how GMWB values are re-determined upon withdrawal of the guaranteed amount (which is your GAWA for endorsements for non-qualified and qualified Contracts that do not permit withdrawals in excess of the GAWA or which is the greater of your GAWA or your RMD for those GMWBs related to qualified Contracts that permit withdrawals in excess of the GAWA to equal your RMD).

§ 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.

§ Notes:

¨ 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 5: This example demonstrates how GMWB values are re-determined upon withdrawal of an amount that exceeds your guaranteed amount (as defined in Example 4).

§ 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 - $7,000) / ($105,000 - $7,000)) = $90,153].

¨ 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

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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.

§ Notes:

¨ 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 6: This example illustrates how GMWB values are re-determined upon step-up.

§ 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 new GWB is recalculated to equal $200,000, which is equal to your Contract Value.

¨ 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 new GWB is recalculated to equal $90,000, which is equal to your Contract Value.

¨ 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.

§ Notes:

¨ 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 7: This example demonstrates how the timing of a withdrawal request interacts with the timing of the step-up provision to impact re-determination of GMWB values.

§ 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 GAWA prior to the step-up ($7,000) or 2) 7% of your new GWB ($200,000*0.07 = $14,000).  On the day following the step-up and after the withdrawal of $7,000, your new GWB is $193,000, which is your GWB less the amount of the withdrawal ($200,000 - $7,000 = $193,000) and your GAWA will remain at $14,000 since the amount of the withdrawal

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does not exceed your GAWA.  If you continued to take annual withdrawals equal to your GAWA, it would take approximately an additional 14 years to deplete your GWB ($193,000 / $14,000 per year = approximately 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 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.

§ Notes:

¨ 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.

¨ The Company may increase the GMWB charge upon step-up.

¨ Your GAWA% is determined at the time of the withdrawal (if not previously determined).

¨ 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.

II.      AUTOGUARD 5, AUTOGUARD 6 (AutoGuard 6 no longer offered as of April 29, 2013)

Unless otherwise specified, the following examples assume you elected an AutoGuard 5 GMWB with a 5% benefit when you purchased your Contract, no other optional benefits were elected, your initial Premium payment was $100,000, your GAWA is greater than your RMD (if applicable) at the time a withdrawal is requested, all partial withdrawals requested include any applicable charges, and no prior partial withdrawals have been made. The examples also assume that the GMWB has not been terminated as described in the Access to Your Money section of this prospectus.  If you elected an AutoGuard 6 GMWB instead of an AutoGuard 5 GMWB, the examples will still apply, given that you replace the 5% in each of the GAWA calculations with a 6%.

Example 1: This example demonstrates how GMWB values are set at election.

§ Example 1a: If the GMWB is elected at issue:

¨ Your initial GWB is $100,000, which is your initial Premium payment.

¨ Your GAWA is $5,000, which is 5% of your initial GWB ($100,000*0.05 = $5,000).

§ 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.

¨ Your GAWA is $5,250, which is 5% of your initial GWB ($105,000*0.05 = $5,250).

Example 2: This example demonstrates how your GAWA is determined.

§ 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).

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Example 3: This example demonstrates how upon payment of a subsequent Premium, GMWB values may be re-determined.

§ 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 4: This example demonstrates how GMWB values are re-determined upon withdrawal of the guaranteed amount (which is your GAWA for endorsements for non-qualified and qualified Contracts that do not permit withdrawals in excess of the GAWA or which is the greater of your GAWA or your RMD for those GMWBs related to qualified Contracts that permit withdrawals in excess of the GAWA to equal your RMD).

§ 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.

§ Notes:

¨ 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 5: This example demonstrates how GMWB values are re-determined upon withdrawal of an amount that exceeds your guaranteed amount (as defined in Example 4).

§ 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:

¨ 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].

¨ 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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$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.

§ 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:

¨ 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].

¨ 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.

§ 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:

¨ 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].

¨ 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.

§ Notes:

¨ If your GAWA falls below your GWB, 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 6: This example illustrates how GMWB values are re-determined upon step-up.

§ 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:

¨ Your new GWB is recalculated to equal $200,000, which is equal to your Contract Value.

¨ 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).

- 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.

§ 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:

¨ Your new GWB is recalculated to equal $90,000, which is equal to your Contract Value.

¨ 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).

- 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.

§ Notes:

¨ 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.

¨ Your GAWA is recalculated upon step-up (as described above) only if the step-up occurs after your GAWA% has been determined.

Example 7: This example demonstrates how the timing of a withdrawal request interacts with the timing of the step-up provision to impact re-determination of GMWB values.

§ 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:

¨ 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.

¨ 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.

§ Notes:

¨ 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.

- 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.

¨ The Company may increase the GMWB charge upon step-up.

¨ 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.

¨ 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.

III.     JACKSON SELECT PROTECTOR (No longer offered as of April 29, 2013)

Unless otherwise specified, the following examples apply to and assume you elected Jackson Select Protector GMWB (referred to below as a GMWB) when you purchased your Contract, no other optional benefits other than any available Contract Enhancement that could be elected, your initial Premium payment net of any applicable Premium taxes, plus any Contract Enhancement was $100,000, your GAWA is greater than your RMD (if applicable) at the time a withdrawal is requested, all partial withdrawals requested include any applicable charges and no prior partial withdrawals have been made.  The examples assume that your age when the GAWA% is first determined corresponds to a GAWA% of 5% and any For Life Guarantee has not been terminated.  If your age at the time the GAWA% is first determined corresponds to a GAWA% other than 5%, the examples will still apply, given that you replace the 5% in each of the GAWA calculations with the appropriate GAWA%. References to the Select Protector Death Benefit refer to a death benefit provided by the Jackson Select Protector GMWB, but not to any separate death benefit endorsement.

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Example 1: This example demonstrates how GMWB values are set at election.
	§	Example 1a: If the GMWB is elected at issue:
		¨	Your initial GWB is $100,000, which is your initial Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement.
		¨	Your GAWA is $5,000, which is 5% of your initial GWB ($100,000*0.05 = $5000).
	§	Example 1b: If the GMWB is added after issue (subject to availability) when the Contract Value is $105,000:
		¨	Your initial GWB is $105,000, which is your Contract Value on the effective date of the endorsement.
		¨	Your GAWA is $5,250, which is 5% of your initial GWB ($105,000*0.05 = $5,250).
	§	Notes:
		¨	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.
		¨	Your initial Select Protector Death Benefit is set equal to your initial GWB.
Example 2: This example demonstrates how your GAWA% is determined.  Your GAWA% is determined on the earlier of the time of your first withdrawal, the date that your Contract Value reduces to zero, the date that the GMWB is continued by a spousal Beneficiary who is not a Covered Life, or upon election of the Life Income of a GMWB Income Option.  Your GAWA% is set based upon your attained age at that time.  Your initial GAWA is determined based on this GAWA% and the GWB at that time.
	§	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).
	§	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.
Example 3: This example demonstrates how upon payment of a subsequent Premium, GMWB values may be re-determined.
	§	Example 3a: This example demonstrates what happens if you make an additional Premium payment, net of any applicable Premium taxes, plus any Contract Enhancement of $50,000 and your GWB is $100,000 at the time of payment:
		¨	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, plus any Contract Enhancement ($50,000).  Your GWB is subject to a maximum of $5,000,000 (see Example 3b).
		¨	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, plus any Contract Enhancement ($50,000*0.05 = $2,500).
	§	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, 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:
		¨	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.
		¨	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).
	§	Notes:
		¨	Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA% has been determined.
		¨	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.
		¨	Your Select Protector 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.
Example 4: This example demonstrates how GMWB values are re-determined upon withdrawal of the guaranteed amount (which is your GAWA, or for certain tax-qualified Contracts only, the RMD (if greater than the GAWA)).
	§	Example 4a: 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).
		¨	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.  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 death of any Owner 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.
	§	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 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.
	§	Notes:
		¨	Your BDB remains unchanged since the BDB is not adjusted for partial withdrawals.
		¨	Your Select Protector Death Benefit will be reduced by the amount of the withdrawal since the withdrawal did not exceed the greater of the GAWA or the RMD.
		¨	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.
		¨	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.
Example 5: This example demonstrates how GMWB values are re-determined upon withdrawal of an amount that exceeds your guaranteed amount (as defined in Example 4).
	§	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:
		¨	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].
		¨	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.
	§	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:
		¨	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].
		¨	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

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			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.
	§	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:
		¨	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].
		¨	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.
	§	Notes:
		¨	Your BDB remains unchanged since the BDB is not adjusted for partial withdrawals.
		¨	Your Select Protector Death Benefit will be reduced in the same manner that the GWB is reduced; it is first reduced dollar-for-dollar for the GAWA and then is reduced in the same proportion that the Contract Value is reduced for the amount of the withdrawal in excess of the GAWA.
		¨	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.
		¨	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.
		¨	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 6: This example illustrates how GMWB values are re-determined upon automatic step-up.
	§	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:
		¨	Your new GWB is recalculated to equal $200,000, which is equal to your Contract Value.
		¨	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.

- If, in the example above, your BDB is $100,000 and the GAWA% at the applicable attained age is 6%:

· Your GAWA% is set to 6%, since your Contract Value ($200,000) is greater than your BDB ($100,000).

· Your GAWA is equal to $12,000, which is your new GWB multiplied by your new GAWA% ($200,000 * 0.06 = $12,000).

· 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).

§	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:
	¨	Your new GWB is recalculated to equal $90,000, which is equal to your Contract Value.
	¨	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 initial Premium, net of any applicable Premium taxes, plus any Contract Enhancement is $100,000.  Your BDB would not be less than $100,000, so this would not cause a re-determination 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).  In

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			addition, if your BDB is $100,000 prior to the step-up, 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).
	§	Notes:
		¨	Your endorsement contains a provision allowing the Company to 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.
		¨	Your GAWA is recalculated upon step-up (as described above) only if the step-up occurs after your GAWA% has been determined.
		¨	Your Select Protector Death Benefit remains unchanged since step-ups do not impact the Select Protector Death Benefit.
Example 7: This example demonstrates how the timing of a withdrawal request interacts with the timing of the step-up provision to impact re-determination of GMWB values.
	§	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, your GWB is due to step-up automatically, and you also wish to take a withdrawal of an amount equal to $5,000:
		¨	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 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.
			-	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.
		¨	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.  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.
			-	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).
	§	Notes:
		¨	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.
			-	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 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.
			-	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.

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		¨	The GAWA% is determined at the time of the withdrawal (if not previously determined).
			-	The GAWA% is re-determined upon step-up if your Contract Value is greater than your BDB.
		¨	Your Select Protector Death Benefit would not be adjusted for the step-up since step-ups do not impact the Select Protector Death Benefit, but your Select Protector Death Benefit may be reduced for the withdrawal.
		¨	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.
		¨	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.
Example 8: This example illustrates how the For Life Guarantee is affected upon death of the Owner on a For Life GMWB with Joint Option.
	§	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:
		¨	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.
		¨	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.
		¨	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.
		¨	Your GWB remains $100,000 and your GAWA remains unchanged at the time of continuation.
Example 9: This example demonstrates how funds are transferred to or from the GMWB Fixed Account, on each Contract Monthly Anniversary, via the formulas defined in the Transfer of Assets Methodology in Appendix E.  The annuity factors referenced in this example are also found in Appendix E.  (This example only applies if your endorsement contains a Transfer of Assets provision.)
	§	Example 9a: This example demonstrates what happens if on your first Contract Monthly Anniversary, your annuity factor is 15.26, your GAWA is $6,000, your GMWB Fixed Account Contract Value is $0, your Separate Account Contract Value is $95,000, and your Fixed Account Contract Value is $5,000:
		¨	Your liability is equal to $91,560, which is your GAWA multiplied by your annuity factor ($6,000 * 15.26 = $91,560).
		¨	The ratio is equal to 91.56%, which is the liability (net of the GMWB Fixed Account Contract Value) divided by the sum of the Separate Account Contract Value and the Fixed Account Contract Value [($91,560 - $0) / ($95,000 + $5,000) = 91.56%].
		¨	Since the ratio (91.56%) is greater than 83%, funds are transferred from the Investment Divisions and the Fixed Account Options to the GMWB Fixed Account.  The amount of the transfer is equal to $57,800, which is the lesser of 1) the Separate Account Contract Value plus the Fixed Account Contract Value ($95,000 + $5,000 = $100,000) or 2) the liability (net of the GMWB Fixed Account Contract Value) less 80% of the sum of the Separate Account Contract Value and the Fixed Account Contract Value, divided by the difference between one and 80% [($91,560 - $0 - 0.80*($95,000 + $5,000)) / (1 - 0.80) = $57,800].
		¨	Your GMWB Fixed Account Contract Value is $57,800, which is your previous GMWB Fixed Account Contract Value plus the amount of the transfer ($0 + $57,800 = $57,800).
		¨	Your Separate Account Contract Value is $40,090, which is your previous Separate Account Contract Value less the amount of the transfer multiplied by the ratio of the Separate Account Contract Value to the sum of the Separate Account Contract Value and the Fixed Account Contract Value [$95,000 - $57,800 * ($95,000 / ($95,000 + $5,000)) = $40,090].
		¨	Your Fixed Account Contract Value is $2,110, which is your previous Fixed Account Contract Value less the amount of the transfer multiplied by the ratio of the Fixed Account Contract Value to the sum of the Separate Account Contract Value and the Fixed Account Contract Value [$5,000 - $57,800 * ($5,000 / ($95,000 + $5,000)) = $2,110].
	§	Example 9b: This example demonstrates what happens if on your 13th Contract Monthly Anniversary, your annuity factor is 14.83, your GAWA is $6,000, your GMWB Fixed Account Contract Value is $15,000, your Separate Account Contract Value is $90,000, your Fixed Account Contract Value is $10,000, your current allocation percentage to the Investment Divisions is 95%, and your current allocation percentage to the Fixed Account Options is 5%:

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		¨	Your liability is equal to $88,980, which is your GAWA multiplied by your annuity factor ($6,000 * 14.83 = $88,980).
		¨	The ratio is equal to 73.98%, which is the liability (net of the GMWB Fixed Account Contract Value) divided by the sum of the Separate Account Contract Value and the Fixed Account Contract Value [($88,980 - $15,000) / ($90,000 + $10,000) = 73.98%].
		¨	Since the ratio (73.98%) is less than 77%, funds are transferred from the GMWB Fixed Account to the Investment Divisions and the Fixed Account Options.  The amount of the transfer is equal to $15,000, which is the lesser of 1) the GMWB Fixed Account Contract Value ($15,000) or 2) the GMWB Fixed Account Contract Value less the liability plus 80% of the sum of the Separate Account Contract Value and the Fixed Account Contract Value, divided by the difference between one and 80% [($15,000 - $88,980 + 0.80 * ($90,000 + $10,000)) / (1 - 0.80) = $30,100].
		¨	Your GMWB Fixed Account Contract Value is $0, which is your previous GMWB Fixed Account Contract Value less the amount of the transfer ($15,000 - $15,000 = $0).
		¨	Your Separate Account Contract Value is $104,250, which is your previous Separate Account Contract Value plus the amount of the transfer multiplied by your current allocation percentage to the Investment Divisions ($90,000 + $15,000 * 0.95 = $104,250).
		¨	Your Fixed Account Contract Value is $10,750, which is your previous Fixed Account Contract Value plus the amount of the transfer multiplied by your current allocation percentage to the Fixed Account Options ($10,000 + $15,000 * 0.05 = $10,750).
	§	Example 9c: This example demonstrates what happens if on your 25th Contract Monthly Anniversary, your annuity factor is 14.39, your GAWA is $6,000, your GMWB Fixed Account Contract Value is $100,000, your Separate Account Contract Value is $0, your Fixed Account Contract Value is $0, your current allocation percentage to the Investment Divisions is 95%, and your current allocation percentage to the Fixed Account Options is 5%:
		¨	Your liability is equal to $86,340, which is your GAWA multiplied by your annuity factor ($6,000 * 14.39 = $86,340).
		¨	The ratio is not calculated since the sum of the Separate Account Contract Value and the Fixed Account Contract Value is equal to zero.
		¨	Since all funds are allocated to the GMWB Fixed Account and the GMWB Fixed Account Contract Value ($100,000) is greater than the liability ($86,340), funds are transferred from the GMWB Fixed Account to the Investment Divisions and the Fixed Account Options.  The amount of the transfer is equal to $68,300, which is the lesser of 1) the GMWB Fixed Account Contract Value ($100,000) or 2) the GMWB Fixed Account Contract Value less the liability plus 80% of the sum of the Separate Account Contract Value and the Fixed Account Contract Value, divided by the difference between one and 80% [($100,000 - $86,340 + 0.80 * ($0 + $0)) / (1 - 0.80) = $68,300].
		¨	Your GMWB Fixed Account Contract Value is $31,700, which is your previous GMWB Fixed Account Contract Value less the amount of the transfer ($100,000 - $68,300 = $31,700).
		¨	Your Separate Account Contract Value is $64,885, which is your previous Separate Account Contract Value plus the amount of the transfer multiplied by your current allocation percentage to the Investment Divisions ($0 + $68,300 * 0.95 = $64,885).
		¨	Your Fixed Account Contract Value is $3,415, which is your previous Fixed Account Contract Value plus the amount of the transfer multiplied by your current allocation percentage to the Fixed Account Options ($0 + $68,300 * 0.05 = $3,415).
	§	Notes:
		¨	If your GAWA had not yet been determined prior to the transfer of assets calculation, the GAWA used in the liability calculation will be based on the GAWA% for your attained age (or the attained age of the youngest Covered Life if your endorsement is a For Life GMWB with Joint Option) at the time of the calculation multiplied by your GWB at that time.
		¨	The amount transferred from each Investment Division and Fixed Account Option to the GMWB Fixed Account will be in proportion to their current value.  The amount transferred to each Investment Division and Fixed Account Option will be based on your most current Premium allocation instructions.
		¨	No adjustments are made to the GWB, the GAWA or the Select Protector Death Benefit as a result of the transfer.
IV.	LIFEGUARD FREEDOM 6 NET
Unless otherwise specified, the following examples apply to and assume you elected LifeGuard Freedom 6 Net GMWB (referred to below as a GMWB) when you purchased your Contract, no other optional benefits were elected, your initial Premium payment was $100,000, your GAWA is greater than your RMD (if applicable) at the time a withdrawal is requested, all partial withdrawals requested include any applicable charges and no prior partial withdrawals have been made. The examples assume that your age when the GAWA% is first determined corresponds to a GAWA% of 5%, the GMWB elected has a bonus percentage of 6%, the Contract Enhancement is 5%, and the GMWB and any For Life Guarantee have not been terminated.  If your age at the time the GAWA% is first determined corresponds to a GAWA% other than 5%, the examples will still apply, given that you replace the 5% in each of the GAWA calculations with the appropriate GAWA%.

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Example 1: This example demonstrates how GMWB values are set at election. This example applies ONLY if your endorsement was issued on or after 04/29/2013.
	§	Example 1a: If the GMWB is elected at issue:
		¨	Your initial GWB is $100,000, which is your initial Premium payment.
		¨	Your GAWA is $5,000, which is 5% of your initial GWB ($100,000*0.05 = $5,000).
	§	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:
		¨	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.
		¨	Your GAWA is $5,000, which is 5% of your initial GWB ($100,000*0.05 = $5,000).
	§	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:
		¨	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 is $5,250, which is 5% of your initial GWB ($105,000*0.05 = $5,250).
	§	Notes:
		¨	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).
		¨	Your initial Bonus Base is set equal to your GWB at the time of election.
		¨	Your initial GWB Adjustment is set equal to 200% times your initial GWB.
		¨	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).
Example 2: This example demonstrates how GMWB values are set at election.  This example applies ONLY if your endorsement was issued before 04/29/2013.
	§	Example 2a: If the GMWB is elected at issue:
		¨	Your initial GWB is $105,000, which is your initial Premium payment ($100,000) plus any Contract Enhancement ($100,000*0.05=$5,000).
		¨	Your GAWA is $5,250, which is 5% of your initial GWB ($105,000*0.05 = $5,250).
	§	Example 2b: If the GMWB is elected after issue (subject to availability) when the Contract Value is $105,000:
		¨	Your initial GWB is $105,000, which is your Contract Value on the effective date of the endorsement.
		¨	Your GAWA is $5,250, which is 5% of your initial GWB ($105,000*0.05 = $5,250).
	§	Example 2c: 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:
		¨	Your initial GWB in your new GMWB is $110,000, which is your Contract Value ($110,000) on the effective date of the endorsement.
		¨	Your GAWA is $5,500, which is 5% of your initial GWB ($110,000*0.05 = $5,500).
	§	Notes:
		¨	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).
		¨	Your initial Bonus Base is set equal to your GWB at the time of election.
		¨	Your initial GWB Adjustment is set equal to 200% times your initial GWB.
		¨	Your initial GMWB Earnings Determination Baseline is set equal to your initial Premium payment.

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Example 3: This example demonstrates how your GAWA% is determined. Your GAWA% is determined on the earlier of the time of your first withdrawal, the date that your Contract Value reduces to zero, the date that the GMWB is continued by a spousal Beneficiary who is not a Covered Life, or upon election of the Life Income of a GMWB Income Option.  Your GAWA% is set based upon your attained age at that time.  Your initial GAWA is determined based on this GAWA% and the GWB at that time.
	§	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).
	§	Notes:
		¨	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.
Example 4: This example demonstrates how upon payment of a subsequent Premium, GMWB values may be re-determined. This example applies ONLY if your endorsement was issued on or after 04/29/2013.
	§	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:
		¨	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).
		¨	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).
	§	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:
		¨	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).
	§	Notes:
		¨	Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA% has been determined.
		¨	Your BDB is increased by the Premium payment. The BDB is not subject to a maximum of $5,000,000.
		¨	Your Bonus Base is increased by the Premium payment, subject to a maximum of $5,000,000.
		¨	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.
		¨	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.
		¨	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.
Example 5: This example demonstrates how upon payment of a subsequent Premium, GMWB values may be re-determined. This example applies ONLY if your endorsement was issued before 04/29/2013.
	§	Example 5a: 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 your Contract Enhancement ($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 your additional Premium payment plus any Contract Enhancement (($50,000+$2,500)*0.05 = $2,625).

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	§	Example 5b: 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:
		¨	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.
		¨	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).
	§	Notes:
		¨	Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA% has been determined.
		¨	Your BDB is increased by the Premium payment, plus any Contract Enhancement.  The BDB is not subject to a maximum of $5,000,000.
		¨	Your Bonus Base is increased by the Premium payment, plus any Contract Enhancement, subject to a maximum of $5,000,000.
		¨	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.
		¨	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.
		¨	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.
Example 6: This example demonstrates how GMWB values are re-determined upon withdrawal of the guaranteed amount. (which is the greater of your GAWA or your RMD).
	§	Example 6a: 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.  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.
	§	Example 6b: 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 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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			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.
	§	Notes:
		¨	Your BDB remains unchanged since the BDB is not adjusted for partial withdrawals.
		¨	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.
		¨	Your Guaranteed Withdrawal Balance Adjustment provision is terminated since a withdrawal is taken.
		¨	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.
		¨	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.
		¨	This endorsement includes an Earnings-Sensitive Adjustment provision:
			-	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.
			-	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.
Example 7: This example demonstrates how GMWB values are re-determined upon withdrawal of an amount that exceeds your guaranteed amount (as defined in Example 6).
	§	Example 7a: 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:
		¨	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].
		¨	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.
	§	Example 7b: 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:
		¨	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].
		¨	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.
	§	Example 7c: 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:
		¨	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].
		¨	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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			$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 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.
	§	Notes:
		¨	Your BDB remains unchanged since the BDB is not adjusted for partial withdrawals.
		¨	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.
		¨	Your Guaranteed Withdrawal Balance Adjustment provision is terminated since a withdrawal is taken.
		¨	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.
		¨	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.
		¨	This endorsement includes an Earnings-Sensitive Adjustment provision:
			-	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.
			-	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.
Example 8: This example illustrates how GMWB values are re-determined upon step-up.
	§	Example 8a: 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:
		¨	Your new GWB is recalculated to equal $200,000, which is equal to your Contract Value.
		¨	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.
			-	If, in the example above, your BDB is $100,000 and the GAWA% at the applicable attained age is 6%:

· Your GAWA% is set to 6%, since your Contract Value ($200,000) is greater than your BDB ($100,000).

· Your GAWA is equal to $12,000, which is your new GWB multiplied by your new GAWA% ($200,000 * 0.06 = $12,000).

· 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).

	¨	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).
		-	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.
§	Example 8b: 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:
	¨	Your new GWB is recalculated to equal $90,000, which is equal to your Contract Value.
	¨	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).
		-	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.
	¨	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

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			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
		¨	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).
			-	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.
	§	Notes:
		¨	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.
		¨	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.
		¨	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.
		¨	Your GAWA is recalculated upon step-up (as described above) only if the step-up occurs after your GAWA% has been determined.
		¨	Your GWB Adjustment remains unchanged since step-ups do not impact the GWB Adjustment.
		¨	Your GMWB Earnings Determination Baseline remains unchanged since step-ups do not impact the GMWB Earnings Determination Baseline.
Example 9: This example demonstrates how the timing of a withdrawal request interacts with the timing of the step-up provision to impact re-determination of GMWB values.
	§	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:
		¨	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.
			-	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.
				-       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.
			-	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.
		¨	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

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			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.
			-	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).
				-       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.
			-	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).
	§	Notes:
		¨	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.
			-	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%.
			-	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.
			-	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.
		¨	The Company may increase the GMWB charge upon step-up.
		¨	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.
		¨	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.
		¨	Your GAWA% is determined at the time of the withdrawal (if not previously determined).
			-	Your GAWA% is re-determined upon step-up if your Contract Value is greater than your BDB.
		¨	Your Guaranteed Withdrawal Balance Adjustment provision is terminated at the time of the withdrawal.
		¨	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.
		¨	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.
		¨	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.
Example 10: This example illustrates how GMWB values are re-determined upon application of the Guaranteed Withdrawal Balance Bonus.
	§	Example 10a: 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:
		¨	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).
		¨	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).
		¨	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

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			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.
	§	Example 10b: 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:
		¨	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).
		¨	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).
		¨	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 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.
	§	Notes:
		¨	Your Bonus Base is not recalculated upon the application of the bonus to your GWB.
		¨	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.
		¨	Your BDB remains unchanged since the BDB is not impacted by the application of the bonus.
		¨	Your GWB Adjustment remains unchanged since the GWB Adjustment is not impacted by the application of the bonus.
		¨	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.
		¨	Your GMWB Earnings Determination Baseline remains unchanged since the GMWB Earnings Determination Baseline is not impacted by the application of the bonus.
Example 11: This example illustrates how the GAWA is re-determined when the For Life Guarantee becomes effective after the effective date of the endorsement.  At the time the For Life Guarantee becomes effective, your GAWA is re-determined.
	§	Example 11a: 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:
		¨	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).
		¨	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).
	§	Example 11b: 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:
		¨	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.
		¨	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.
	§	Example 11c: 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:
		¨	Your GAWA for the next year is recalculated to equal $0, which is equal to 5% of the current GWB ($0*0.05 = $0).
		¨	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

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			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).
		¨	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.
	§	Notes:
		¨	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).
Example 12: This example illustrates how the For Life Guarantee is affected upon death of the Owner on a For Life GMWB with Joint Option.  (This example only applies if your endorsement is a For Life GMWB with Joint Option.)
	§	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:
		¨	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.
		¨	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.
		¨	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.
		¨	Your GWB remains $100,000 and your GAWA remains unchanged at the time of continuation.
	§	Notes:
		¨	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.
		¨	Your Bonus Base remains unchanged at the time of continuation.
		¨	Your BDB remains unchanged at the time of continuation.
		¨	Your GMWB Earnings Determination Baseline remains unchanged at the time of continuation.
Example 13: This example demonstrates how the GWB is re-determined upon application of the Guaranteed Withdrawal Balance Adjustment.
	§	Example 13a: 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:
		¨	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).
	§	Example 13b: 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:
		¨	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).
	§	Notes:
		¨	The GWB Adjustment provision is terminated on the GWB Adjustment Date after the GWB Adjustment is applied (if any).
		¨	Since you have taken no withdrawals, your GAWA% and GAWA have not yet been determined, thus no adjustment is made to your GAWA.
		¨	No adjustment is made to your Bonus Base since the Bonus Base is not impacted by the GWB Adjustment.
		¨	No adjustment is made to your BDB since the BDB 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.

Example 14: This example expands on the basic examples at pages 85 and 97 and demonstrates how GMWB values are valued and re-determined at the time of a withdrawal when the Earnings-Sensitive Adjustment increases the permissible withdrawal amount.

§	Example 14a: 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:
	¨	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).
	¨	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.
	¨	The Earnings-Sensitive Adjustment is equal to $3,333, which is the lesser of two quantities:
		-	$7,200, which is equal to 40% of the GMWB Earnings (0.40 * $18,000 = $7,200)
		-	$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).
	¨	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).
	¨	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).
	¨	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.
	¨	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).
	¨	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.
	¨	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.
§	Example 14b: 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:
	¨	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).
	¨	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.
	¨	The Earnings-Sensitive Adjustment is equal to $0, which is the lesser of two quantities:
		-	$0, which is equal to 40% of the GMWB Earnings (0.40 * $0 = $0)
		-	$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).
	¨	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).
	¨	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).
	¨	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

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		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.
	¨	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).
	¨	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.
	¨	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.
§	Example 14c: 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.
	¨	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).
	¨	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.
	¨	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.
		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:
			$3,200, which is equal to 40% of the GMWB Earnings (0.40 * $8,000 = $3,200)
			$3,333, which is equal to 2/3 of the MEWAR (2/3 * $5,000 = $3,333).
		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).
		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.
	¨	The total withdrawal amount is equal to $15,000.  Thus, your requested withdrawal exceeds your GAWA plus the Earnings-Sensitive Adjustment.
	¨	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).
	¨	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.
	¨	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).
	¨	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].
	¨	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 that is in excess of the GAWA plus the Earnings-Sensitive Adjustments for the current Contract Year [$5,000*(1-($15,000-$8,200)/($108,000-$8,200))=$4,659].

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	§	Notes:
		¨	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.
		¨	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.
V.	LIFEGUARD FREEDOM FLEX
Unless otherwise specified, the following examples apply to and assume you elected LifeGuard Freedom Flex GMWB (referred to below as a GMWB) when you purchased your Contract, no other optional benefits other than Contract Enhancement that could be elected, your initial Premium payment net of any applicable Premium taxes was $100,000, your GAWA is greater than your RMD (if applicable) at the time a withdrawal is requested, all partial withdrawals requested include any applicable charges and no prior partial withdrawals have been made.  The examples assume that your age when the GAWA% is first determined corresponds to a GAWA% of 5%, the Contract Enhancement is 5%, the GMWB elected has a bonus percentage of 7%, and the GMWB and any For Life Guarantee have not been terminated.  If your age at the time the GAWA% is first determined corresponds to a GAWA% other than 5%, the examples will still apply, given that you replace the 5% in each of the GAWA calculations with the appropriate GAWA%.  If you elected a GMWB with a bonus percentage other than 7%, the examples will still apply if you replace the 7% in each of the bonus calculations with the appropriate bonus percentage for the GMWB you elected. References to the GMWB Death Benefit refer to a death benefit provided by certain GMWB endorsements, but not to any separate death benefit endorsement.
Example 1: This example demonstrates how GMWB values are set at election.  This example applies ONLY if your endorsement was issued on or after 04/29/2013.
	§	Example 1a: If the GMWB is elected at issue:
		¨	Your initial GWB is $100,000, which is your initial Premium payment, net of any applicable Premium taxes.
		¨	Your GAWA is $5,000, which is 5% of your initial GWB ($100,000*0.05 = $5,000).
	§	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:
		¨	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.
		¨	Your GAWA is $5,000, which is 5% of your initial GWB ($100,000*0.05 = $5,000).
	§	Notes:
		¨	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).
		¨	Your initial Bonus Base is set equal to your GWB at the time of election.
		¨	Your initial 200% GWB Adjustment is set equal to 200% times your initial GWB.
		¨	If your endorsement includes a GMWB Death Benefit provision, your initial GMWB Death Benefit is set equal to your initial GWB.
Example 2: This example demonstrates how GMWB values are set at election.  This example applies ONLY if your endorsement was issued before 04/29/2013.
	§	Example 2a: If the GMWB is elected at issue:
		¨	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).
		¨	Your GAWA is $5,250, which is 5% of your initial GWB ($105,000*0.05 = $5,250).
	§	Example 2b: If the GMWB is added after issue (subject to availability) when the Contract Value is $105,000:
		¨	Your initial GWB is $105,000, which is your Contract Value on the effective date of the endorsement.
		¨	Your GAWA is $5,250, which is 5% of your initial GWB ($105,000*0.05 = $5,250).

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	§	Notes:
		¨	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.
		¨	Your initial Bonus Base is set equal to your GWB at the time of election.
		¨	Your initial GWB Adjustment is set equal to 200% times your initial GWB.
		¨	If your endorsement includes a GMWB Death Benefit provision, your initial GMWB Death Benefit is set equal to your initial GWB.
Example 3: This example demonstrates how your GAWA% is determined.  Your GAWA% is determined on the earlier of the time of your first withdrawal, the date that your Contract Value reduces to zero, the date that the GMWB is continued by a spousal Beneficiary who is not a Covered Life, or upon election of the Life Income of a GMWB Income Option.  Your GAWA% is set based upon your attained age at that time.  Your initial GAWA is determined based on this GAWA% and the GWB at that time.
	§	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).
	§	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.
Example 4: This example demonstrates how upon payment of a subsequent Premium, GMWB values may be re-determined. This example applies ONLY if your endorsement was issued on or after 04/29/2013.
	§	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:
		¨	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).
		¨	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).
	§	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:
		¨	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.
		¨	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).
	§	Notes:
		¨	Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA% has been determined.
		¨	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.
		¨	Your Bonus Base is increased by the Premium payment, net of any applicable Premium taxes, subject to a maximum of $5,000,000.
		¨	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.
		¨	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

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			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.
		¨	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.
Example 5: This example demonstrates how upon payment of a subsequent Premium, GMWB values may be re-determined.  This example applies ONLY if your endorsement was issued before 04/29/2013.
	§	Example 5a: 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:
		¨	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 5b).
		¨	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).
	§	Example 5b: 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:
		¨	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.
		¨	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).
	§	Notes:
		¨	Your GAWA is recalculated upon payment of an additional Premium (as described above) only if such payment occurs after your GAWA% has been determined.
		¨	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.
		¨	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.
		¨	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 5a, 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.
		¨	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.
		¨	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.
Example 6: This example demonstrates how GMWB values are re-determined upon withdrawal of the guaranteed amount (which is your GAWA, or for certain tax-qualified Contracts only, the RMD (if greater than the GAWA)).
	§	Example 6a: 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).

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		¨	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.  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 death of any Owner 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.
	§	Example 6b: 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 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.
	§	Notes:
		¨	Your BDB remains unchanged since the BDB is not adjusted for partial withdrawals.
		¨	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.
		¨	Your GWB Adjustment provision is terminated since a withdrawal is taken.
		¨	If your endorsement includes a GMWB Death Benefit provision, your GMWB Death Benefit will not be reduced since the withdrawal did not exceed the greater of the GAWA or the RMD.
		¨	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.
		¨	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.
Example 7: This example demonstrates how GMWB values are re-determined upon withdrawal of an amount that exceeds your guaranteed amount (as defined in Example 6).
	§	Example 7a: 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:
		¨	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].
		¨	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.
	§	Example 7b: 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:
		¨	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].
		¨	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

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			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 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.
	§	Example 7c: 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:
		¨	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].
		¨	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.
	§	Notes:
		¨	Your BDB remains unchanged since the BDB is not adjusted for partial withdrawals.
		¨	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.
		¨	Your GWB Adjustment provision is terminated since a withdrawal is taken.
		¨	If your endorsement includes a GMWB Death Benefit provision, your GMWB Death Benefit will be reduced in the same proportion that the Contract Value is reduced for the amount of the withdrawal in excess of the GAWA.
		¨	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.
		¨	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.
		¨	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 8: This example illustrates how GMWB values are re-determined upon automatic step-up.
	§	Example 8a: 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:
		¨	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).
		¨	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.
			-	If, in the example above, your BDB is $100,000 and the GAWA% at the applicable attained age is 6%:

· 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).

· Your GAWA is equal to $12,000, which is your new GWB multiplied by your new GAWA% ($200,000 * 0.06 = $12,000).

· 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).

¨ 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.
§	Example 8b: 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:
	¨	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).
	¨	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).
		-	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.
	¨	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).
	¨	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).
		-	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.
§	Notes:
	¨	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.
	¨	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.
	¨	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.
	¨	Your GAWA is recalculated upon step-up (as described above) only if the step-up occurs after your GAWA% has been determined.
	¨	Your GWB Adjustment remains unchanged since step-ups do not impact the GWB Adjustment.
	¨	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.
	¨	If your endorsement was issued on or after 04/29/2013and 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.
	¨	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: This example demonstrates how the timing of a withdrawal request interacts with the timing of the step-up provision to impact re-determination of GMWB values.
	§	Example 9a: 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:
		¨	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.
			-	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.
			-	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.
			-	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.
		¨	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.
			-	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).
			-	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.
			-	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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	§	Notes:
		¨	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.
			-	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 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.
			-	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.
		¨	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.
		¨	The GAWA% is determined at the time of the withdrawal (if not previously determined).
			-	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.
		¨	Your GWB Adjustment provision is terminated at the time of the withdrawal.
		¨	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.
		¨	If your endorsement was issued on or after 04/29/2013and 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.
		¨	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.
		¨	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.
		¨	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.
Example 10: This example illustrates how GMWB values are re-determined upon application of the Bonus applied to your GWB.
	§	Example 10a: 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:
		¨	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).
		¨	Your GAWA for the next year is equal $5,350, which is 5% of your new GWB ($107,000*0.05 = $5,350).
		¨	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.
	§	Example 10b: 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:
		¨	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).
		¨	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.
	§	Notes:
		¨	Your Bonus Base is not recalculated upon the application of the Bonus to your GWB.
		¨	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.
		¨	Your BDB remains unchanged since the BDB is not impacted by the application of the Bonus.
		¨	Your GWB Adjustment remains unchanged since the GWB Adjustment is not impacted by the application of the Bonus.
		¨	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.
		¨	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.
Example 11: This example illustrates how the GAWA is re-determined when the For Life Guarantee for the LifeGuard Freedom Flex and the LifeGuard Freedom Flex with Joint Option becomes effective after the effective date of the endorsement at age 59 1/2.  At the time the For Life Guarantee becomes effective, your GAWA is re-determined.  (This example only applies if your endorsement is a For Life GMWB that contains a For Life Guarantee that becomes effective after the effective date of the endorsement.)
	§	Example 11a: 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:
		¨	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).
		¨	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).
	§	Example 11b: 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:
		¨	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.
		¨	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.
	§	Example 11c: 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:
		¨	Your GAWA for the next year is recalculated to equal $0, which is equal to 5% of the current GWB ($0*0.05 = $0).
		¨	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).
		¨	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

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			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.
Example 12: This example illustrates how the For Life Guarantee is affected upon death of the Owner on a For Life GMWB with Joint Option.
	§	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:
		¨	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.
		¨	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.
		¨	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.
		¨	Your GWB remains $100,000 and your GAWA remains unchanged at the time of continuation.
	§	Notes:
		¨	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.
		¨	Your BDB remains unchanged at the time of continuation.
Example 13: This example demonstrates how the GWB is re-determined upon application of the GWB Adjustment.
	§	Example 13a: 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:
		¨	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).
	§	Example 13b: 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:
		¨	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).
	§	Notes:
		¨	The GWB Adjustment provision is terminated on the GWB Adjustment Date after the GWB Adjustment is applied (if any).
		¨	Since you have taken no withdrawals, your GAWA% and GAWA have not yet been determined, thus no adjustment is made to your GAWA.
		¨	No adjustment is made to your Bonus Base since the Bonus Base is not impacted by the GWB Adjustment.
		¨	No adjustment is made to your BDB since the BDB is not impacted by the GWB Adjustment.
		¨	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.
VI.	MARKETGUARD STRETCH
Unless otherwise specified, the following examples assume you elected MarketGuard Stretch with a 5% benefit when you purchased your Contract, no other optional benefits were elected, your initial Premium payment was $100,000, your GAWA is greater than your Stretch RMD at the time a withdrawal is requested, all partial withdrawals requested include any applicable charges, and no prior partial withdrawals have been made. The examples also assume that the GMWB has not been terminated as described in the Access to Your Money section of this prospectus.

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Example 1: This example demonstrates how GMWB values are set at election.
	§	Example 1a: If the GMWB is elected at issue:
		¨	Your initial GWB is $100,000, which is your initial Premium payment.
		¨	Your GAWA is $5,000, which is 5% of your initial GWB ($100,000*0.05 = $5,000).
		¨	Your initial GMWB Charge Base is $100,000, which is your initial GWB.
	§	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.
		¨	Your GAWA is $5,000, which is 5% of your initial GWB ($100,000*0.05 = $5,000).
		¨	Your initial GMWB Charge Base is $100,000, which is your initial GWB.
	§	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:
		¨	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 is $5,250, which is 5% of your initial GWB ($105,000*0.05 = $5,250).
	§	Notes:
		¨	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.
Example 2: This example demonstrates how your GAWA% is determined.  Your GAWA% is determined on the earlier of the time of your first withdrawal or the date that your Contract Value reduces to zero. Your GAWA% is set based upon your attained age at that time.  Your initial GAWA is determined based on this GAWA% and the GWB at that time.
	§	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).
Example 3: This example demonstrates how upon payment of a subsequent Premium, GMWB values may be re-determined.
	§	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:
		¨	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 $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).
		¨	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).
	§	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:
		¨	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).
		¨	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.
	§	Notes:
		¨	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 4: This example demonstrates how GMWB values are re-determined upon withdrawal of the guaranteed amount (which is the greater of your GAWA or your Stretch RMD).
	§	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:
		¨	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.
		¨	Your GMWB Charge Base remains $100,000, 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 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:
		¨	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 Stretch RMD ($7,500).
		¨	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).
		¨	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.
	§	Notes:
		¨	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 5: This example demonstrates how GMWB values are re-determined upon withdrawal of an amount that exceeds your guaranteed amount (as defined in Example 4).
	§	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:
		¨	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].
		¨	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.
		¨	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].
	§	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:
		¨	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].
		¨	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

D-36

			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 $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].
	§	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:
		¨	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].
		¨	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].
	§	Notes:
		¨	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 6: This example demonstrates how the GMWB Maturity Year affects your GMWB.
	§	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).
		¨	Your Contract Value remains $5,000.
		¨	Your GMWB terminates. No further benefits will be payable under your GMWB.
	§	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 Contract Value remains $15,000.
		¨	Your GMWB terminates. No further benefits will be payable under your GMWB.
	§	Notes:
		¨	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.

D-37

APPENDIX E

TRANSFER OF ASSETS METHODOLOGY

On each Contract Monthly Anniversary, transfers to or from the GMWB Fixed Account will be determined based on the formulas defined below.

Liability = GAWA x annuity factor

The Liability calculated in the above formula is designed to represent the projected value of this GMWB's benefits.  If the GAWA% has not yet been determined, the GAWA used in the Liability calculation will be based on the GAWA% corresponding to the Owner's (or oldest Joint Owner's) attained age at the time the Liability is calculated, multiplied by the GWB at that time.

The tables of annuity factors (as shown below) are set at election of the Jackson Select Protector GMWB and do not change.

Ratio = (Liability – GMWB Fixed Account Contract Value) ¸ (Separate Account Contract Value + Fixed Account Contract Value)

If the sum of the Separate Account Contract Value and the Fixed Account Contract Value is equal to zero, the Ratio will not be calculated.

The transfer amount is determined as follows:

If the Ratio is less than 77% or if the GMWB Fixed Account Contract Value is greater than the Liability and all funds are allocated to the GMWB Fixed Account, the amount transferred from the GMWB Fixed Account is equal to the lesser of:

1. The GMWB Fixed Account Contract Value; or

2. (GMWB Fixed Account Contract Value + 80% x (Separate Account Contract Value + Fixed Account Contract Value) – Liability) ¸ (1-80%).

If the Ratio is greater than 83%, the amount transferred to the GMWB Fixed Account is equal to the lesser of:

1. Separate Account Contract Value + Fixed Account Contract Value; or

2. (Liability – GMWB Fixed Account Contract Value – 80% x (Separate Account Contract Value + Fixed Account Contract Value)) ¸ (1-80%).

Otherwise, no funds are transferred.

Under the Jackson Select Protector GMWB, if any transfer indicated by the above procedure would result in the GMWB Fixed Account Value exceeding 90% of the Contract Value, then the actual transfer will be such that exactly 90% of the Contract Value is allocated to the GMWB Fixed Account.  Otherwise, the indicated transfer will be the actual transfer.

E-1

Jackson Select Protector GMWB

Transfer of Assets Provision

Annuity Factors*

Age** Contract Monthly Anniversary

	1	2	3	4	5	6	7	8	9	10	11	12
65	15.26	15.22	15.19	15.15	15.12	15.08	15.05	15.01	14.97	14.94	14.90	14.87
66	14.83	14.79	14.76	14.72	14.68	14.65	14.61	14.57	14.54	14.50	14.46	14.43
67	14.39	14.35	14.32	14.28	14.25	14.21	14.18	14.14	14.10	14.07	14.03	14.00
68	13.96	13.92	13.89	13.85	13.81	13.77	13.74	13.70	13.66	13.62	13.59	13.55
69	13.51	13.47	13.44	13.40	13.37	13.33	13.30	13.26	13.22	13.19	13.15	13.12
70	13.08	13.04	13.01	12.97	12.93	12.89	12.86	12.82	12.78	12.74	12.71	12.67
71	12.63	12.59	12.56	12.52	12.48	12.44	12.41	12.37	12.33	12.29	12.26	12.22
72	12.18	12.14	12.11	12.07	12.03	12.00	11.96	11.92	11.89	11.85	11.81	11.78
73	11.74	11.70	11.67	11.63	11.60	11.56	11.53	11.49	11.45	11.42	11.38	11.35
74	11.31	11.27	11.24	11.20	11.16	11.12	11.09	11.05	11.01	10.97	10.94	10.90
75	10.86	10.82	10.79	10.75	10.72	10.68	10.65	10.61	10.57	10.54	10.50	10.47
76	10.43	10.39	10.36	10.32	10.28	10.25	10.21	10.17	10.14	10.10	10.06	10.03
77	9.99	9.96	9.92	9.89	9.85	9.82	9.78	9.75	9.71	9.68	9.64	9.61
78	9.57	9.54	9.50	9.47	9.43	9.40	9.36	9.33	9.29	9.26	9.22	9.19
79	9.15	9.12	9.08	9.05	9.01	8.98	8.94	8.91	8.87	8.84	8.80	8.77
80	8.73	8.70	8.66	8.63	8.60	8.56	8.53	8.50	8.46	8.43	8.40	8.36
81	8.33	8.30	8.26	8.23	8.20	8.16	8.13	8.10	8.06	8.03	8.00	7.96
82	7.93	7.90	7.86	7.83	7.80	7.76	7.73	7.70	7.66	7.63	7.60	7.56
83	7.53	7.50	7.47	7.44	7.41	7.38	7.35	7.31	7.28	7.25	7.22	7.19
84	7.16	7.13	7.10	7.07	7.04	7.01	6.98	6.95	6.92	6.89	6.86	6.83
85	6.80	6.77	6.74	6.71	6.68	6.65	6.62	6.59	6.56	6.53	6.50	6.47
86	6.44	6.41	6.39	6.36	6.33	6.30	6.28	6.25	6.22	6.19	6.17	6.14
87	6.11	6.08	6.06	6.03	6.00	5.98	5.95	5.92	5.90	5.87	5.84	5.82
88	5.79	5.76	5.74	5.71	5.69	5.66	5.64	5.61	5.58	5.56	5.53	5.51
89	5.48	5.46	5.43	5.41	5.38	5.36	5.34	5.31	5.29	5.26	5.24	5.21
90	5.19	5.17	5.14	5.12	5.10	5.07	5.05	5.03	5.00	4.98	4.96	4.93
91	4.91	4.89	4.87	4.85	4.83	4.81	4.79	4.76	4.74	4.72	4.70	4.68
92	4.66	4.64	4.62	4.60	4.58	4.56	4.54	4.51	4.49	4.47	4.45	4.43
93	4.41	4.39	4.37	4.35	4.33	4.31	4.30	4.28	4.26	4.24	4.22	4.20
94	4.18	4.16	4.14	4.13	4.11	4.09	4.07	4.05	4.03	4.02	4.00	3.98
95	3.96	3.94	3.93	3.91	3.89	3.87	3.86	3.84	3.82	3.80	3.79	3.77
96	3.75	3.73	3.72	3.70	3.68	3.66	3.65	3.63	3.61	3.59	3.58	3.56
97	3.54	3.52	3.51	3.49	3.47	3.46	3.44	3.42	3.41	3.39	3.37	3.36
98	3.34	3.32	3.31	3.29	3.27	3.26	3.24	3.22	3.21	3.19	3.17	3.16
99	3.14	3.12	3.11	3.09	3.07	3.06	3.04	3.02	3.01	2.99	2.97	2.96
100	2.94	2.92	2.91	2.89	2.87	2.85	2.84	2.82	2.80	2.78	2.77	2.75
101	2.73	2.71	2.70	2.68	2.66	2.65	2.63	2.61	2.60	2.58	2.56	2.55
102	2.53	2.51	2.50	2.48	2.46	2.45	2.43	2.41	2.40	2.38	2.36	2.35
103	2.33	2.31	2.30	2.28	2.26	2.24	2.23	2.21	2.19	2.17	2.16	2.14
104	2.12	2.10	2.09	2.07	2.06	2.04	2.03	2.01	1.99	1.98	1.96	1.95
105	1.93	1.91	1.90	1.88	1.87	1.85	1.84	1.82	1.80	1.79	1.77	1.76
106	1.74	1.73	1.71	1.70	1.68	1.67	1.65	1.64	1.62	1.61	1.59	1.58
107	1.56	1.55	1.53	1.52	1.50	1.49	1.47	1.46	1.44	1.43	1.41	1.40
108	1.38	1.37	1.35	1.34	1.33	1.31	1.30	1.29	1.27	1.26	1.25	1.23
109	1.22	1.21	1.19	1.18	1.17	1.15	1.14	1.13	1.11	1.10	1.09	1.07
110	1.06	1.05	1.04	1.03	1.01	1.00	0.99	0.98	0.97	0.96	0.94	0.93
111	0.92	0.91	0.90	0.89	0.88	0.87	0.86	0.84	0.83	0.82	0.81	0.80
112	0.79	0.78	0.77	0.76	0.75	0.74	0.73	0.72	0.71	0.70	0.69	0.68
113	0.67	0.66	0.65	0.64	0.63	0.62	0.62	0.61	0.60	0.59	0.58	0.57
114	0.56	0.55	0.54	0.54	0.53	0.52	0.51	0.50	0.49	0.49	0.48	0.47
115	0.46	0.42	0.38	0.35	0.31	0.27	0.23	0.19	0.15	0.12	0.08	0.04

* Annuity factors are based on the Annuity 2000 Mortality Table and 3.00% interest.

E-2

** The age of the Owner as of the effective date or the most recent Contract Anniversary.  On each Contract Anniversary and at the effective date of the endorsement, if the Owner is aged 55-64 then the factor for age 65 and the first contract monthly anniversary will apply until age 65.

E-3

APPENDIX F

ACCUMULATION UNIT VALUES

The tables reflect the Accumulation Unit values for each Investment Division for the beginning and end of the periods indicated, and the number of Accumulation Units outstanding as of the end of the periods indicated – for a base Contract (with Administration Charge waiver and no optional endorsements) and for a Contract with the most expensive combination of charges and optional endorsements.  The tables do not provide partial year information.  The tables provide Accumulation Unit values and the number of Accumulation Units outstanding only if that information is available throughout the period.  Where Accumulation Unit values and the number of Accumulation Units outstanding are unavailable, either because of a partial year or a Fund not being offered, a “N/A” is provided.

If the annualized charge for your Contract falls between the charge for a base Contract and a Contract with the most expensive combination of charges and optional endorsements, information about the values of all remaining Accumulation Units is available in the SAI.  Contact the Annuity Service Center to request your copyof the SAI free of charge.  Our contact information is on the cover page of the prospectus.  Also, please ask about the more timely Accumulation Unit values that are available for each Investment Division.

Set forth below are fund changes and additions since the September 16, 2013 Supplement to the Prospectus dated April 29, 2013, for your information in reviewing Accumulation Unit information.

The following fund changes and additions are effective April 28, 2014 (whether or not in connection with a sub-adviser change):

JNL Series Trust

JNL/Brookfield Global Infrastructure Fund to JNL/Brookfield Global Infrastructure and MLP Fund

JNL/M&G Global Basics Fund merged into JNL/Oppenheimer Global Growth Fund

Effective April 28, 2014, the Separate Account has the following new Investment Division, for which no Accumulation Unit information is yet available:

JNL Series Trust

JNL/S&P Mid 3 Fund

F-1

Accumulation Unit Values
Base Contract with $1 Million Premium Administrative Fee Waiver - 1.10%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$9.51
End of period	$11.67
Accumulation units outstanding at the end of period	62,504
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$11.07
End of period	$12.82
Accumulation units outstanding at the end of period	342,880
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	$10.27
End of period	$12.46
Accumulation units outstanding at the end of period	40,576
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$14.96
End of period	$16.85
Accumulation units outstanding at the end of period	257,782
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$15.56
End of period	$17.31
Accumulation units outstanding at the end of period	94,777
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.82
End of period	$17.27
Accumulation units outstanding at the end of period	376,477
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	$10.34
End of period	$11.79
Accumulation units outstanding at the end of period	71,471
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.30
End of period	$14.80
Accumulation units outstanding at the end of period	209,522

F-2

Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$11.20
End of period	$10.75
Accumulation units outstanding at the end of period	22,525
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	$10.29
End of period	$13.01
Accumulation units outstanding at the end of period	29,209
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.36
End of period	$12.39
Accumulation units outstanding at the end of period	183,586
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$12.88
End of period	$15.24
Accumulation units outstanding at the end of period	372,270
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$12.10
End of period	$12.69
Accumulation units outstanding at the end of period	142,683
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$11.10
End of period	$12.17
Accumulation units outstanding at the end of period	137,135
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$10.86
End of period	$11.31
Accumulation units outstanding at the end of period	141,988
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.65
End of period	$12.04
Accumulation units outstanding at the end of period	687,695

F-3

Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	$29.60
End of period	$40.69
Accumulation units outstanding at the end of period	4,014
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.15
End of period	$14.84
Accumulation units outstanding at the end of period	54,498
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	$12.85
End of period	$14.69
Accumulation units outstanding at the end of period	21,854
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	$30.27
End of period	$36.89
Accumulation units outstanding at the end of period	14,726
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$21.25
End of period	$25.93
Accumulation units outstanding at the end of period	23,905
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$31.98
End of period	$41.27
Accumulation units outstanding at the end of period	67,371
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.96
End of period	$8.41
Accumulation units outstanding at the end of period	7,517
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.07
End of period	$7.33
Accumulation units outstanding at the end of period	24,793

F-4

Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.92
End of period	$12.16
Accumulation units outstanding at the end of period	113,088
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.99
End of period	$11.59
Accumulation units outstanding at the end of period	57,090
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.72
End of period	$12.00
Accumulation units outstanding at the end of period	128,008
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$13.03
End of period	$14.18
Accumulation units outstanding at the end of period	96,869
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	$9.43
End of period	$11.29
Accumulation units outstanding at the end of period	88,058
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$9.30
End of period	$11.79
Accumulation units outstanding at the end of period	44,745
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$16.14
End of period	$19.30
Accumulation units outstanding at the end of period	50,894
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$26.93
End of period	$26.35
Accumulation units outstanding at the end of period	32,620

F-5

Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$14.49
End of period	$19.02
Accumulation units outstanding at the end of period	22,672
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	$9.19
End of period	$12.19
Accumulation units outstanding at the end of period	15,222
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.97
End of period	$15.21
Accumulation units outstanding at the end of period	143,932
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$19.47
End of period	$21.82
Accumulation units outstanding at the end of period	109,917
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$13.22
End of period	$18.25
Accumulation units outstanding at the end of period	98,019
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$20.86
End of period	$27.01
Accumulation units outstanding at the end of period	25,930
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$19.53
End of period	$25.07
Accumulation units outstanding at the end of period	20,627
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.96
End of period	$14.63
Accumulation units outstanding at the end of period	510,835

F-6

Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	$13.60
End of period	$16.34
Accumulation units outstanding at the end of period	110,522
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$29.71
End of period	$38.98
Accumulation units outstanding at the end of period	30,084
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$22.29
End of period	$21.27
Accumulation units outstanding at the end of period	55,926
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	$13.82
End of period	$14.28
Accumulation units outstanding at the end of period	3,974
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$18.46
End of period	$24.99
Accumulation units outstanding at the end of period	25,559
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$14.91
End of period	$14.30
Accumulation units outstanding at the end of period	35,122
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$7.64
End of period	$7.89
Accumulation units outstanding at the end of period	30,145

F-7

Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$18.42
End of period	$21.37
Accumulation units outstanding at the end of period	13,952
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$11.33
End of period	$14.62
Accumulation units outstanding at the end of period	45,157
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.36
End of period	$9.97
Accumulation units outstanding at the end of period	141,563
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	$14.50
End of period	$15.42
Accumulation units outstanding at the end of period	26,874
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	$16.47
End of period	$18.45
Accumulation units outstanding at the end of period	3,169
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$15.70
End of period	$21.87
Accumulation units outstanding at the end of period	55,068

F-8

Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	$17.84
End of period	$19.34
Accumulation units outstanding at the end of period	105,827
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$12.88
End of period	$16.77
Accumulation units outstanding at the end of period	22,997
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$15.20
End of period	$19.19
Accumulation units outstanding at the end of period	32,568
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	$7.02
End of period	$8.55
Accumulation units outstanding at the end of period	6,938
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$34.77
End of period	$43.10
Accumulation units outstanding at the end of period	30,146
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-9

Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	$11.23
End of period	$15.60
Accumulation units outstanding at the end of period	12,540
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$21.00
End of period	$25.66
Accumulation units outstanding at the end of period	72,655
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$12.88
End of period	$16.77
Accumulation units outstanding at the end of period	436,282
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$18.12
End of period	$23.20
Accumulation units outstanding at the end of period	138,782
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$8.48
End of period	$9.86
Accumulation units outstanding at the end of period	118,535
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	$9.52
End of period	$12.96
Accumulation units outstanding at the end of period	28,709

F-10

Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.46
End of period	$10.34
Accumulation units outstanding at the end of period	36,171
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$15.63
End of period	$19.51
Accumulation units outstanding at the end of period	63,281
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$15.30
End of period	$13.75
Accumulation units outstanding at the end of period	73,942
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$21.14
End of period	$20.47
Accumulation units outstanding at the end of period	305,807
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.62
End of period	$10.96
Accumulation units outstanding at the end of period	55,758
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$19.45
End of period	$20.81
Accumulation units outstanding at the end of period	132,343
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	$12.64
End of period	$15.54
Accumulation units outstanding at the end of period	17,980
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	$11.29
End of period	$15.34
Accumulation units outstanding at the end of period	20,157

F-11

Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	$20.54
End of period	$28.49
Accumulation units outstanding at the end of period	5,830
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$14.32
End of period	$18.12
Accumulation units outstanding at the end of period	223,229
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.87
End of period	$19.62
Accumulation units outstanding at the end of period	43,508
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.68
End of period	$16.40
Accumulation units outstanding at the end of period	137,685
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$13.14
End of period	$19.49
Accumulation units outstanding at the end of period	13,450
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	$16.69
End of period	$20.77
Accumulation units outstanding at the end of period	201,957
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$13.42
End of period	$13.87
Accumulation units outstanding at the end of period	277,997
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$17.27
End of period	$20.94
Accumulation units outstanding at the end of period	494,685

F-12

Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.98
End of period	$15.27
Accumulation units outstanding at the end of period	386,060
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$17.38
End of period	$19.91
Accumulation units outstanding at the end of period	938,100
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$11.11
End of period	$16.67
Accumulation units outstanding at the end of period	25,057
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$37.90
End of period	$49.79
Accumulation units outstanding at the end of period	68,645
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$56.21
End of period	$75.89
Accumulation units outstanding at the end of period	48,258
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.87
End of period	$10.76
Accumulation units outstanding at the end of period	123,012
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$17.43
End of period	$23.64
Accumulation units outstanding at the end of period	116,141
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$36.42
End of period	$39.40
Accumulation units outstanding at the end of period	196,903

F-13

Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$13.27
End of period	$13.12
Accumulation units outstanding at the end of period	8,723
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	$22.90
End of period	$29.68
Accumulation units outstanding at the end of period	22,137

F-14

Accumulation Unit Values
Contract with Endorsements - 2.545%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-15

Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-16

Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-17

Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-18

Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-19

Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-20

Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-21

Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-22

Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-23

Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-24

Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-25

Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-26

Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$10.29
End of period	$10.03
Accumulation units outstanding at the end of period	27,694
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

F-27

Questions:  If you have any questions about your Contract, you may contact us at:
Annuity Service Center:		1 (800) 644-4565 (8 a.m. - 8 p.m. ET)
	Mail Address:	P.O. Box 30314, Lansing, Michigan 48909-7814
	Delivery Address:	1 Corporate Way, Lansing, Michigan 48951
Institutional Marketing Group Service Center:		1 (800) 777-7779 (8 a.m. - 8 p.m. ET)
(for Contracts purchased through a bank or another financial institution)
	Mail Address:	P.O. Box 30386, Lansing, Michigan 48909-7886
	Delivery Address:	1 Corporate Way, Lansing, Michigan 48951 Attn:  IMG
Home Office:		1 Corporate Way, Lansing, Michigan 48951

STATEMENT OF ADDITIONAL INFORMATION

April 28 , 201 4

PERSPECTIVE II^®

FLEXIBLE PREMIUM FIXED AND VARIABLE DEFERRED ANNUITY

(Contracts offered for sale between April 30, 2012 and September 10, 2012)

Issued by

Jackson National Life Insurance Company^® and through

Jackson National Separate Account – I

This Statement of Additional Information (SAI) is not a prospectus.  It contains information in addition to and more detailed than set forth in the Prospectus and should be read in conjunction with the Prospectus dated April 28 , 201 4 .  The Prospectus may be obtained from Jackson National Life Insurance Company by writing P.O. Box 30314, Lansing, Michigan 48909-7814, or calling 1-800-644-4565.

TABLE OF CONTENTS

	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	23
Condensed Financial Information	23
Financial Statements of the Separate Account	Appendix A
Financial Statements of Jackson	Appendix B

General Information and History

Jackson National Separate Account - I (Separate Account) is a separate investment account of Jackson National Life Insurance Company (Jackson^®).  Jackson is a wholly owned subsidiary of Brooke Life Insurance Company and is ultimately a wholly owned subsidiary of Prudential plc, London, England, a publicly traded life insurance company in the United Kingdom.

Trademarks, Service Marks, and Related Disclosures

The "S&P 500 Index," "S&P MidCap 400 Index," "S&P SmallCap 600 Index," "Dow Jones U.S. Select Dividend Index," "Dow Jones U.S. Contrarian Opportunities," "Dow Jones Industrial Average," "Dow Jones Select Dividend Index," and "The Dow 10," "Dow Jones Brookfield Global Infrastructure Index," "STANDARD & POOR'S^®," "S&P^®," "S&P 500^®," "S&P MIDCAP 400 Index^®," "STANDARD & POOR'S MIDCAP 400 Index^®," "S&P SmallCap 600 Index^®" and "STANDARD & POOR'S 500^®" (collectively, the "Indices") are products of S&P Dow Jones Indices LLC or its affiliates ("SPDJI"), and has been licensed for use by Jackson National Life Insurance Company ("Jackson").  "Dow Jones^®", "Dow Jones Industrial Average", "DJIA^®", "Dow Jones Select Dividend Index", "The Dow^®" and "The Dow 10" are service and/or trademarks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to SPDJI and have been sub-licensed for use for certain purposes by Jackson National Life Insurance Company^® ("Jackson").

The Dow Jones Brookfield Global Infrastructure Index is calculated by SPDJI pursuant to an agreement with Brookfield Redding, Inc. (together with its affiliates, "Brookfield") and has been licensed for use. Standard & Poor's^®, S&P^® and S&P 500^®, S&P MidCap 400^® and S&P SmallCap 600^® are registered trademarks of Standard & Poor's Financial Services LLC; Dow Jones U.S. Contrarian Opportunities Index is a service mark of Dow Jones; Brookfield^® is a registered trademark of Brookfield Office Properties, Inc. ; and the foregoing trademarks have been licensed by SPDJI for use.

The JNL/Mellon Capital S&P^® SMid 60 Fund, JNL/Mellon Capital JNL 5 Fund, and the JNL/Mellon Capital S&P^® 24 Fund, JNL/Mellon Capital S&P 500 Index Fund, JNL/Mellon S&P 400 MidCap Index Fund, JNL/Mellon Capital Dow Jones U.S. Contrarian Opportunities Index Fund, the JNL/Mellon Capital Dow^SM 10 Fund, the JNL/Mellon Capital Dow^SM Dividend Fund, the JNL/Mellon Capital JNL Optimized 5 Fund, the JNL/Mellon Capital Communications Sector Fund, the JNL/Mellon Capital Consumer Brands Sector Fund, the JNL/Mellon Capital Financial Sector Fund, the JNL/Mellon Capital Healthcare Sector Fund, the JNL/Mellon Capital Oil & Gas Sector Fund, and the JNL/Mellon Capital Technology Sector Fund, and the JNL/Brookfield Global Infrastructure and MLP Fund (collectively, the "Products") are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, Standard & Poor's Financial Services LLC, Brookfield or any of their respective affiliates (collectively, "S&P Dow Jones Indices").

S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Products or any member of the public regarding the advisability of investing in securities generally or in the Products particularly or the ability of the Indices to track general market performance.  S&P Dow Jones Indices' only relationship to Jackson with respect to the Indices or the Products is the licensing of the Indices and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors.  The Indices are determined, composed and calculated by S&P Dow Jones Indices without regard to Jackson or the Products.  S&P Dow Jones Indices have no obligation to take the needs of Jackson or the owners of the Products into consideration in determining, composing or calculating the Indices.  S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of the Products or the timing of the issuance or sale of the Products in the determination or calculation of the equation by which the Products are to be converted into cash, surrendered or redeemed, as the case may be.  S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of the Products. There is no assurance that investment products based on the Indices will accurately track index performance or provide positive investment returns.  S&P Dow Jones Indices LLC is not an investment advisor.  Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDICES OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO.  S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS IN CALCULATING THE INDICES .  S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY JACKSON OR OWNERS OF THE PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO.  WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIB I LITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE.  THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND JACKSON, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

SPDR® is a registered trademark of Standard & Poor's Financial Services LLC.  S&P Capital IQ is a trademark of Standard Financial Services LLC.

The following applies to the JNL/S&P Managed Growth Fund, JNL/S&P Managed Conservative Fund, JNL/S&P Managed Moderate Growth Fund, JNL/S&P Managed Moderate Fund, and JNL/S&P Managed Aggressive Growth Fund and JNL/S&P 4. SPIAS is co-Sub-Adviser with Mellon Capital for the following funds: JNL/S&P Mid 3 Fund, JNL/S&P Competitive Advantage Fund, JNL/S&P Dividend Income & Growth Fund, JNL/S&P Intrinsic Value Fund, and JNL/S&P Total Yield Fund .

Standard & Poor's Investment Advisory Services LLC ("SPIAS") is a registered investment advisor with the U.S. Securities and Exchange Commission and a wholly owned subsidiary of McGraw-Hill Financial , Inc. SPIAS does not provide advice to underlying clients of the firms to which it provides services. SPIAS does not act as a "fiduciary" or as an "investment manager," as defined under ERISA, to any investor. SPIAS is not responsible for client suitability.

Programs and products of the firms to which SPIAS provides services are not endorsed, sold or promoted by SPIAS and its affiliates, and SPIAS and its affiliates make no representation regarding the advisability of investing in those programs and products. With respect to the asset allocations and investments recommended by SPIAS, investors should realize that such investment recommendations are provided to Jackson National Asset Management, LLC only as a general recommendation. The underlying funds of the JNL/S&P 4 Fund are co-sub-advised by SPIAS. SPIAS does not co-sub-advise the JNL/S&P 4 Fund. There is no agreement or understanding whatsoever that SPIAS will provide individualized advice to any investor. SPIAS does not take into account any information about any investor or any investor's assets when providing investment advisory services to firms to which SPIAS provides services. SPIAS does not have any discretionary authority or control with respect to purchasing or selling securities or making other investments. Individual investors should ultimately rely on their own judgment and/or the judgment of a representative in making their investment decisions.

Standard & Poor's  Financial Services LLC, SPIAS, and their affiliates (collectively S&P), and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively with S&P,  S&P Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and valuations, and are not responsible for errors and omissions, or for the results obtained from the use of such information, and S&P Parties shall have no liability for any errors, omission, or interruptions therein (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such information. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

S&P's credit ratings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions.  S&P credit ratings should not be relied on when making any investment or other business decision.  S&P's opinions and analyses do not address the suitability of any security.  S&P does not act as a fiduciary or an investment advisor, except where registered as such. While S&P has obtained information from sources they believe to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives.

To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw or suspend such acknowledgement at any time and in its sole discretion. S&P Parties disclaim any duty whatsoever arising out of the assignment, withdrawal or suspension of an acknowledgment as well as any liability for any damage alleged to have been suffered on account thereof.

S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of S&P may have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.

S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right to disseminate its opinions and analyses. S&P's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription), and may be distributed through other means, including via S&P publications and third party redistributors. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees.

Based on a universe of funds provided to SPIAS, SPIAS may recommend for investment certain funds to which S&P licenses certain intellectual property or otherwise has a financial interest, including exchange-traded funds whose investment objective is to substantially replicate the returns of a proprietary index of S&P Dow Jones Indices, such as the S&P 500. SPIAS recommends these funds for investment based on asset allocation, sector representation, liquidity and other factors; however, SPIAS has a potential conflict of interest with respect to the inclusion of these funds.  In cases where S&P is paid fees that are tied to the amount of assets that are invested in the fund, investment in the fund will generally result in S&P earning compensation in addition to the fees received by SPIAS in connection with its provision of services.  In certain cases there may be alternative funds that are available for investment that will provide investors substantially similar exposure to the asset class or sector.

S&P provides a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.

SPIAS may consider research and other information from affiliates in making its investment recommendations. The investment policies of certain portfolios specifically state that among the information SPIAS will consider in evaluating a security are the credit ratings assigned by S&P.  SPIAS does not consider the ratings assigned by other credit rating agencies. Credit rating criteria and scales may differ among credit rating agencies. Ratings assigned by other credit rating agencies may reflect more or less favorable opinions of creditworthiness than ratings assigned by S&P.

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 or the JNL/Mellon Capital JNL Optimized 5 Fund.  The JNL/Mellon Capital Nasdaq^® 25 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 AND THE JNL/MELLON CAPITAL JNL OPTIMIZED 5 FUND.

"NYSE^®" is a registered mark of, and "NYSE International 100 Index^SM" 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 Index^SM" 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 Index^SM" (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 Index^SM 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 Index^SM;

·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.

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.

Services

Jackson keeps the assets of the Separate Account.  Jackson holds all cash of the Separate Account and attends to the collection of proceeds of shares of the underlying Funds bought and sold by the Separate Account.

The financial statements of Jackson National Separate Account - I and Jackson National Life Insurance Company for the periods indicated have been included herein in reliance upon the reports of KPMG LLP, an independent registered public accounting firm, appearing elsewhere herein, and upon the authority of said firm as experts in accounting and auditing.  KPMG LLP is located at Aon Center, 200 East Randolph Drive, Suite 5500, Chicago, Illinois 60601.

Jackson is the parent of Jackson National Asset Management, LLC ("JNAM"), the Funds' investment adviser and administrator.  Pursuant to an agreement between Jackson and JNAM, JNAM provides certain administrative services with respect to the Separate Account, including separate account administration services and financial and accounting services.  For the past three years, Jackson paid $430,000 in 2011, $450,000 in 2012 , and $520,500 in 2013 for the services provided by JNAM to Jackson.

Purchase of Securities Being Offered

The Contracts will be sold by licensed insurance agents in states where the Contracts may be lawfully sold.  The agents will be registered representatives of broker-dealers that are registered under the Securities Exchange Act of 1934 and members of the Financial Industry Regulatory Authority (FINRA).

Underwriters

The Contracts are offered continuously and are distributed by Jackson National Life Distributors LLC (JNLD), 7601 Technology Way, Denver, Colorado 80237.  JNLD is a subsidiary of Jackson.

For Perspective II^® contracts, the aggregate amount of underwriting commissions paid to broker/dealers was $728,658,372 in 2012 and $716,913,859 in 2013 .  JNLD did not retain any portion of the commissions.

Calculation of Performance

When Jackson advertises performance for an Investment Division (except the JNL/WMC Money Market  Division), we will include quotations of standardized average annual total return to facilitate comparison with standardized average annual total return advertised by other variable annuity separate accounts.  Standardized average annual total return for an Investment Division will be shown for periods beginning on the date the Investment Division first invested in the corresponding Funds.  We will calculate standardized average annual total return according to the standard methods prescribed by rules of the Securities and Exchange Commission.

Standardized average annual total return for a specific period is calculated by taking a hypothetical $1,000 investment in an Investment Division at the offering on the first day of the period ("initial investment") and computing the average annual compounded rate of return for the period that would equate the initial investment with the ending redeemable value ("redeemable value") of that investment at the end of the period, carried to at least the nearest hundredth of a percent.  Standardized average annual total return reflects the deduction of all recurring charges that are charged to all Contracts.  The redeemable value also reflects the effect of any applicable withdrawal charge or other charge that may be imposed at the end of the period.  No deduction is made for premium taxes that may be assessed by certain states.

Jackson may also advertise non-standardized total return on an annualized and cumulative basis.  Non-standardized total return may be for periods other than those required to be presented or may otherwise differ from standardized average annual total return.  The Contract is designed for long-term investment; therefore, Jackson believes that non-standardized total return that does not reflect the deduction of any applicable withdrawal charge may be useful to investors.  Reflecting the deduction of the withdrawal charge decreases the level of performance advertised. Non-standardized total return may also assume a larger initial investment that more closely approximates the size of a typical Contract.

Standardized average annual total return quotations will be current to the last day of the calendar quarter preceding the date on which an advertisement is submitted for publication.  Both standardized average annual total return quotations and non-standardized total return quotations will be based on rolling calendar quarters and will cover at least periods of one, five, and ten years, or a period covering the time the Investment Division has been in existence, if it has not been in existence for one of the prescribed periods.

Quotations of standardized average annual total return and non-standardized total return are based upon historical earnings and will fluctuate.  Any quotation of performance should not be considered a guarantee of future performance.  Factors affecting the performance of an Investment Division and its corresponding Fund include general market conditions, operating expenses and investment management.  An owner's withdrawal value upon surrender of a Contract may be more or less than its original cost.

Jackson may advertise the current annualized yield for a 30-day period for an Investment Division.  The annualized yield of an Investment Division refers to the income generated by the Investment Division over a specified 30-day period.  Because this yield is annualized, the yield generated by an Investment Division during the 30-day period is assumed to be generated each 30-day period.  The yield is computed by dividing the net investment income per accumulation unit earned during the period by the price per unit on the last day of the period, according to the following formula:

            

Where:

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.

The maximum withdrawal charge is 8.5%.

Net investment income will be determined in accordance with rules established by the Securities and Exchange Commission.  Accrued expenses will include all recurring fees that are charged to all Contracts.

Because of the charges and deductions imposed by the Separate Account, the yield for an Investment Division will be lower than the yield for the corresponding Funds.  The yield on amounts held in the Investment Division normally will fluctuate over time.  Therefore, the disclosed yield for any given period is not an indication or representation of future yields or rates of return.  An Investment Division's actual yield will be affected by the types and quality of portfolio securities held by the Fund and the Fund operating expenses.

Any current yield quotations of the JNL/WMC Money Market Division will consist of a seven calendar day historical yield, carried at least to the nearest hundredth of a percent.  We may advertise yield for the Division based on different time periods, but we will accompany it with a yield quotation based on a seven calendar day period.  The JNL/WMC Money Market Division's yield will be calculated by determining the net change, exclusive of capital changes, in the value of a hypothetical pre-existing account having a balance of one accumulation unit at the beginning of the base period, subtracting a hypothetical charge reflecting deductions from Contracts, and dividing the net change in account value by the value of the account at the beginning of the period to obtain a base period return and multiplying the base period return by (365/7).  The JNL/WMC Money Market Division's effective yield is computed similarly but includes the effect of assumed compounding on an annualized basis of the current yield quotations of the Division.

The JNL/WMC Money Market Division's and effective yield will fluctuate daily.  Actual yields will depend on factors such as the type of instruments in the Fund's portfolio, portfolio quality and average maturity, changes in interest rates, and the Fund's expenses. Although the Investment Division determines its yield on the basis of a seven calendar day period, it may use a different time period on occasion.  The yield quotes may reflect the expense limitations described in the Fund's Prospectus or Statement of Additional Information.  There is no assurance that the yields quoted on any given occasion will be maintained for any period of time and there is no guarantee that the net asset values will remain constant.  It should be noted that neither a Contract owner's investment in the JNL/WMC Money Market Division nor that Division's investment in the JNL/WMC Money Market Division is guaranteed or insured.  Yields of other money market Funds may not be comparable if a different base or another method of calculation is used.

Additional Tax Information

NOTE: INFORMATION CONTAINED HEREIN SHOULD NOT BE SUBSTITUTED FOR THE ADVICE OF A PERSONAL TAX ADVISER.  JACKSON DOES NOT MAKE ANY GUARANTEE REGARDING THE TAX STATUS OF ANY CONTRACT OR ANY TRANSACTION INVOLVING THE CONTRACTS.  PURCHASERS BEAR THE COMPLETE RISK THAT THE CONTRACTS MAY NOT BE TREATED AS "ANNUITY CONTRACTS" UNDER FEDERAL INCOME TAX LAWS. IT SHOULD BE FURTHER UNDERSTOOD THAT THE FOLLOWING DISCUSSION IS NOT EXHAUSTIVE AND THAT OTHER SPECIAL RULES MAY BE APPLICABLE IN CERTAIN SITUATIONS.  MOREOVER, NO ATTEMPT HAS BEEN MADE TO CONSIDER ANY APPLICABLE STATE OR OTHER TAX LAWS OR TO COMPARE THE TAX TREATMENT OF THE CONTRACTS TO THE TAX TREATMENT OF ANY OTHER INVESTMENT.

Jackson's Tax Status

Jackson is taxed as a life insurance company under the Internal Revenue Code of 1986, as amended (the "Code").  For federal income tax purposes, the Separate Account is not a separate entity from Jackson and its operations form a part of Jackson.

Taxation of Annuity Contracts in General

Section 72 of the Code governs the taxation of annuities in general.  An individual owner is not taxed on increases in the value of a Contract until distribution occurs, either in the form of a withdrawal or as annuity payments under the annuity option elected.  For a withdrawal received as a total surrender (total redemption or a death benefit), the recipient is taxed on the portion of the payment that exceeds the cost basis of the Contract.  For a payment received as a partial withdrawal from a non-qualified Contract, federal tax liability is generally determined on a last-in, first-out basis, meaning taxable income is withdrawn before the cost basis of the Contract is withdrawn. In the case of a partial withdrawal under a tax-qualified Contract, a ratable portion of the amount received is taxable. For Contracts issued in connection with non-qualified plans, the cost basis is generally the premiums, while for Contracts issued in connection with tax-qualified plans there may be no cost basis.  The taxable portion of a withdrawal is taxed at ordinary income tax rates.  Tax penalties may also apply.

For annuity payments, a portion of each payment in excess of an exclusion amount is includable in taxable income.  All annuity payments in excess of the exclusion amount are fully taxable at ordinary income rates.

The exclusion amount for payments based on a fixed annuity option is determined by multiplying the payment by the ratio that the cost basis of the Contract (adjusted for any period certain or refund feature) bears to the expected return under the Contract.  The exclusion amount for payments based on a variable annuity option is determined by dividing the cost basis of the Contract (adjusted for any period certain or refund guarantee) by the fixed or estimated number of years for which annuity payments are to be made.  No exclusion is allowed with respect to any payments received after the investment in the Contract has been recovered (i.e., when the total of the excludable amounts equals the investment in the Contract).  For certain types of tax-qualified plans there may be no cost basis in the Contract within the meaning of Section 72 of the Code.

Owners, annuitants and beneficiaries under the Contracts should seek competent financial advice about the tax consequences of distributions.

Medicare Tax on Net Investment Income

Beginning in 2013, the taxable portion of distributions from a non-qualified annuity Contract will be considered investment income for purposes of the new Medicare tax on investment income.  As a result, a 3.8% tax will generally apply to some or all of the taxable portion of distributions to individuals whose modified adjusted gross income exceeds certain threshold amounts.  T hese levels are $200,000 in the case of single taxpayers, $250,000 in the case of married taxpayers filing joint returns, and $125,000 in the case of married taxpayers filing separately.  Owners should consult their own tax advisers for more information.

Withholding Tax on Distributions

The Code generally requires Jackson (or, in some cases, a plan administrator) to withhold tax on the taxable portion of any distribution or withdrawal from a Contract.  For "eligible rollover distributions" from Contracts issued under certain types of tax-qualified plans, 20% of the distribution must be withheld, unless the payee elects to have the distribution "rolled over" to another eligible plan in a direct transfer.  This requirement is mandatory and cannot be waived by the owner.

An "eligible rollover distribution" is the taxable portion of any amount received by a covered employee from a plan qualified under Section 401(a) or 403(a) of the Code, from a tax sheltered annuity qualified under Section 403(b) of the Code or an eligible deferred compensation plan of a state or local government under Section 457(b) of the Code (other than (1) a series of substantially equal periodic payments (not less frequently than annually) for the life (or life expectancy) of the employee, or joint lives (or joint life expectancies) of the employee, and his or her designated beneficiary, or for a specified period of ten years or more; (2) minimum distributions required to be made under the Code; and (3) hardship withdrawals).  Failure to "roll over" the entire amount of an eligible rollover distribution (including the amount equal to the 20% portion of the distribution that was withheld) could have adverse tax consequences, including the imposition of a penalty tax on premature withdrawals, described later in this section.

Withdrawals or distributions from a Contract other than eligible rollover distributions are also subject to withholding on the taxable portion of the distribution, but the owner may elect in such cases to waive the withholding requirement.  If not waived, withholding is imposed (1) for periodic payments, at the rate that would be imposed if the payments were wages, or (2) for other distributions, at the rate of 10%.  If no withholding exemption certificate is in effect for the payee, the rate under (1) above is computed by treating the payee as a married individual claiming three withholding exemptions.

Generally, the amount of any payment of interest to a non-resident alien of the United States shall be subject to withholding of a tax equal to 30% of such amount or, if applicable, a lower treaty rate.  A payment may not be subject to withholding where the recipient sufficiently establishes that such payment is effectively connected to the recipient's conduct of a trade or business in the United States and such payment is included in the recipient's gross income.

Diversification -- Separate Account Investments

Section 817(h) of the Code imposes certain asset diversification standards on variable annuity Contracts.  The Code provides that a variable annuity Contract will not be treated as an annuity Contract for any period (and any subsequent period) for which the investments held in any segregated asset account underlying the Contract are not adequately diversified, in accordance with regulations prescribed by the

United States Treasury Department ("Treasury Department").  Disqualification of the Contract as an annuity Contract would result in imposition of federal income tax to the owner with respect to earnings allocable to the Contract prior to the receipt of payments under the Contract.  The Code contains a safe harbor provision which provides that annuity Contracts, such as the Contracts, meet the diversification requirements if, as of the last day of each calendar quarter, or within 30 days after such last day, the underlying assets meet the diversification standards for a regulated investment company and no more than 55% of the total assets consist of cash, cash items, U.S. government securities and securities of other regulated investment companies.

The Treasury Department has issued Regulations establishing diversification requirements for the mutual Funds underlying variable Contracts.  These Regulations amplify the diversification requirements for variable Contracts set forth in the Code and provide an alternative to the safe harbor provision described above.  Under these Regulations, a mutual Fund will be deemed adequately diversified if (1) no more than 55% of the value of the total assets of the mutual Fund is represented by any one investment; (2) no more than 70% of the value of the total assets of the mutual Fund is represented by any two investments; (3) no more than 80% of the value of the total assets of the mutual Fund is represented by any three investments; and (4) no more than 90% of the value of the total assets of the mutual Fund is represented by any four investments.

Jackson intends that each Fund of the JNL Series Trust will be managed by its respective investment adviser in such a manner as to comply with these diversification requirements.

At the time the Treasury Department issued the diversification Regulations, it did not provide guidance regarding the circumstances under which Contract owner control of the investments of a segregated asset account would cause the Contract owner to be treated as the owner of the assets of the segregated asset account.  Revenue Ruling 2003-91 provides such guidance by describing the circumstances under which the owner of a variable contract will not possess sufficient control over the assets underlying the contract to be treated as the owner of those assets for federal income tax purposes.

Rev. Rul. 2003-91 considered certain variable annuity and variable life insurance contracts and held that the types of actual and potential control that the contract owners could exercise over the investment assets held by the insurance company under these variable contracts was not sufficient to cause the contract owners to be treated as the owners of those assets and thus to be subject to current income tax on the income and gains produced by those assets.  Under the contracts in Rev. Rul. 2003-91 there was no arrangement, plan, contract or agreement between the contract owner and the insurance company regarding the availability of a particular investment option and other than the contract owner's right to allocate premiums and transfer funds among the available sub-accounts, all investment decisions concerning the sub-accounts were made by the insurance company or an advisor in its sole and absolute discretion.  Twelve investment options were available under the contracts in Rev. Rul. 2003-91 although the insurance company had the right to increase (but to no more than 20) or decrease the number of sub-accounts at any time.  The contract owner was permitted to transfer amounts among the various investment options without limitation, subject to incurring fees for more than one transfer per 30-day period.

Like the contracts described in Rev. Rul. 2003-91, under the Contract there will be no arrangement, plan, contract or agreement between a Contract owner and Jackson regarding the availability of a particular Allocation Option and other than the Contract owner's right to allocate premiums and transfer funds among the available Allocation Options, all investment decisions concerning the Allocation Options will be made by Jackson or an advisor in its sole and absolute discretion.  The Contract will differ from the contracts described in Rev. Rul. 2003-91 in two respects.  The first difference is that the contracts described in Rev. Rul. 2003-91 provided only 12 investment options with the insurance company having

the ability to add an additional 8 options whereas the Perspective II Contract currently offers 98 Investment Divisions and at least one Fixed Account option, although a Contract owner's Contract Value can be allocated to no more than 18 fixed and variable options at any one time.  The second difference is that the owner of a contract in Rev. Rul. 2003-91 could only make one transfer per 30-day period without a fee whereas during the accumulation phase, a Contract owner can make 15 transfers in any one year without a charge.

Rev. Rul. 2003-91 states that whether the owner of a variable contract is to be treated as the owner of the assets held by the insurance company under the contract will depend on all of the facts and circumstances.  Jackson does not believe that the differences between the Contract and the contracts described in Rev. Rul. 2003-91 with respect to the number of investment choices and the number of investment transfers that can be made under the Contract without an additional charge should prevent the holding in Rev. Rul. 2003-91 from applying to the owner of a Contract.  At this time, however, it cannot be determined whether additional guidance will be provided by the IRS on this issue and what standards may be contained in such guidance.  Jackson reserves the right to modify the Contract to the extent required to maintain favorable tax treatment.

Multiple Contracts

The Code provides that multiple non-qualified annuity Contracts that are issued within a calendar year to the same Contract owner by one company or its affiliates are treated as one annuity Contract for purposes of determining the tax consequences of any distribution.  Such treatment may result in adverse tax consequences including more rapid taxation of the distributed amounts from such multiple Contracts.  For purposes of this rule, Contracts received in a Section 1035 exchange will be considered issued in the year of the exchange.  Owners should consult a tax adviser prior to purchasing more than one annuity Contract in any calendar year.

Partial 1035 Exchanges

In accordance with Revenue Procedure 2011-38, the IRS will consider a partial exchange of an annuity Contract for another annuity Contract valid if there is either no withdrawal from, or surrender of, either the surviving annuity contract or the new annuity contract within 180 days of the date of the partial exchange.  Revenue Procedure 2011-38 also provides certain exceptions to the 180 day rule.  Due to the complexity of these rules, owners are encouraged to consult their own tax advisers prior to entering into a partial exchange of an annuity Contract.

Contracts Owned by Other Than Natural Persons

Under Section 72(u) of the Code, the investment earnings on premiums for Contracts will be taxed currently to the owner if the owner is a non-natural person, e.g., a corporation or certain other entities.  Such Contracts generally will not be treated as annuities for federal income tax purposes (except for the taxation of life insurance companies).  However, this treatment is not applied to Contracts held by a trust or other entity as an agent for a natural person nor to Contracts held by certain tax-qualified plans.

Purchasers should consult their own tax counsel or other tax adviser before purchasing a Contract to be owned by a non-natural person.

Tax Treatment of Assignments

An assignment or pledge of a Contract may have tax consequences.  Any assignment or pledge of a tax-qualified Contract may also be prohibited by ERISA in some circumstances.  Owners should, therefore, consult competent legal advisers should they wish to assign or pledge their Contracts.

An assignment or pledge of all or any portion of the value of a Non-Qualified Contract is treated under Section 72 of the Code as an amount not received as an annuity.  The value of the Contract assigned or pledged that exceeds the aggregate premiums paid will be included in the individual's gross income.  In addition, the amount included in the individual's gross income could also be subject to the 10% penalty tax discussed below under Non-Qualified Contracts.

An assignment or pledge of all or any portion of the value of a Qualified Contract will disqualify the Qualified Contract.  If the Qualified Contract is part of a qualified pension or profit-sharing plan, the Code prohibits the assignment or alienation of benefits provided under the plan.  If the Qualified Contract is an IRA annuity or a 403(b) annuity, the Code requires the Qualified Contract to be nontransferable.  If the Qualified Contract is part of an eligible deferred compensation plan, amounts cannot be made available to plan participants or beneficiaries: (1) until the calendar year in which the participant attains age 70 1/2; (2) when the participant has a severance from employment; or (3) when the participant is faced with an unforeseeable emergency.

Death Benefits

Any death benefits paid under the Contract are taxable to the beneficiary.  The rules governing the taxation of payments from an annuity Contract, as discussed above, generally apply to the payment of death benefits and depend on whether the death benefits are paid as a lump sum or as annuity payments.  Estate or gift taxes may also apply.

IRS Approval

The Perspective II Contract and all death benefit riders attached thereto have been approved by the IRS for use as an Individual Retirement Annuity prototype.

Tax-Qualified Plans

The Contracts offered by the Prospectus are designed to be suitable for use under various types of tax-qualified plans.  Taxation of owners of a tax-qualified Contract will vary based on the type of plan and the terms and conditions of each specific plan.  Owners, annuitants and beneficiaries are cautioned that benefits under a tax-qualified Contract may be subject to the terms and conditions of the plan, regardless of the terms and conditions of the Contracts issued to fund the plan.  Owners, annuitant and beneficiaries are also reminded that a tax-qualified Contract will not provide any necessary or additional tax deferral if it is used to fund a tax-qualified plan that is already tax-deferred.

Tax Treatment of Withdrawals

Non-Qualified Contracts

Section 72 of the Code governs treatment of distributions from annuity Contracts.  It provides that if the Contract value exceeds the aggregate premiums made, any amount withdrawn not in the form of an annuity payment will be treated as coming first from the earnings and then, only after the income portion is exhausted, as coming from the principal.  Withdrawn earnings are included in a taxpayer's gross income.  Section 72 further provides that a 10% penalty will apply to the income portion of any distribution.  The penalty is not imposed on amounts received: (1) after the taxpayer reaches 59 1/2; (2) upon the death of the owner; (3) if the taxpayer is totally disabled as defined in Section 72(m)(7) of the Code; (4) in a series of substantially equal periodic payments made at least annually for the life (or life expectancy) of the taxpayer or for the joint lives (or joint life expectancies) of the taxpayer and his beneficiary; (5) under an immediate annuity; or (6) which are allocable to premium payments made prior to August 14, 1982.

With respect to (4) above, if the series of substantially equal periodic payments is modified before the later of your attaining age 59 1/2 or five years from the date of the first periodic payment, then the tax for the year of the modification is increased by an amount equal to the tax which would have been imposed (the 10% penalty tax) but for the exception, plus interest for the tax years in which the exception was used.

Tax-Qualified Contracts

In the case of a withdrawal under a tax-qualified Contract, a ratable portion of the amount received is taxable, generally based on the ratio of the individual's cost basis to the individual's total accrued benefit under the retirement plan.  Special tax rules may be available for certain distributions from a tax-qualified Contract.  Section 72(t) of the Code imposes a 10% penalty tax on the taxable portion of any distribution from qualified retirement plans, including Contracts issued and qualified under Code Sections 401 (pension and profit sharing plans), 403(b) (tax-sheltered annuities), individual retirement accounts and annuities under 408(a) and (b) (IRAs) and Roth IRAs under 408A.  To the extent amounts are not included in gross income because they have been rolled over to an IRA or to another eligible qualified plan, no tax penalty will be imposed.

The tax penalty will not apply to the following distributions: (1) distributions made on or after the date on which the owner or annuitant (as applicable) reaches age 59 1/2; (2) distributions following the death or disability of the owner or annuitant (as applicable) (for this purpose "disability" is defined in Section 72(m)(7) of the Code); (3) distributions that are part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner or annuitant (as applicable) or the joint lives (or joint life expectancies) of such owner or annuitant (as applicable) and his or her designated beneficiary; (4) distributions to an owner or annuitant (as applicable) who has separated from service after he has attained age 55; (5) distributions made to the owner or annuitant (as applicable) to the extent such distributions do not exceed the amount allowable as a deduction under Code Section 213 to the owner or annuitant (as applicable) for amounts paid during the taxable year for medical care; (6) distributions made to an alternate payee pursuant to a qualified domestic relations order; (7) distributions made on account of an IRS levy upon the qualified Contracts; (8) distributions from an IRA after separation from employment for the purchase of medical insurance (as described in Section 213(d)(1)(D) of the Code) for the Contract owner or annuitant (as applicable) and his or her spouse and dependents if the Contract owner or annuitant (as applicable) has received unemployment compensation for at least 12 weeks (this exception will no longer apply after the Contract owner or annuitant (as applicable) has been re-employed for at least 60 days); (9) distributions from an IRA made to the owner or annuitant (as applicable) to the extent such distributions do not exceed the qualified higher education expenses (as defined in Section 72(t)(7) of the Code) (as applicable) for the taxable year; and (10) distributions from an  IRA made to the owner or annuitant (as applicable) which are qualified first time home buyer distributions (as defined in Section 72(t)(8) of the Code).  The exceptions stated in items (4) and (6) above do not apply in the case of an IRA.  The exception stated in (3) above applies to an IRA without the requirement that there be a separation from service.

With respect to (3) above, if the series of substantially equal periodic payments is modified before the later of your attaining age 59 1/2 or five years from the date of the first periodic payment, then the tax for the year of the modification is increased by an amount equal to the tax which would have been imposed (the 10% penalty tax) but for the exception, plus interest for the tax years in which the exception was used.

Withdrawals of amounts attributable to contributions made pursuant to a salary reduction agreement (in accordance with Section 403(b)(11) of the Code) are limited to the following: when the owner attains age 59 1/2, severs employment, dies, becomes disabled (within the meaning of Section 72(m)(7) of the Code), or in the case of hardship.  Hardship withdrawals do not include any earnings on salary reduction contributions.  These limitations on withdrawals apply to: (1) salary reduction contributions made after December 31, 1988; (2) income attributable to such contributions; and (3) income attributable to amounts held as of December 31, 1988.  The limitations on withdrawals do not affect rollovers or exchanges between certain tax-qualified plans.  Tax penalties may also apply.  While the foregoing limitations only apply to certain Contracts issued in connection with Section 403(b) plans, all owners should seek competent tax advice regarding any withdrawals or distributions.

The taxable portion of a withdrawal or distribution from tax-qualified Contracts may, under some circumstances, be "rolled over" into another eligible plan so as to continue to defer income tax on the taxable portion.  Such treatment is available for an "eligible rollover distribution" made by certain types of plans (as described above under "Taxes – Withholding Tax on Distributions") that is transferred within 60 days of receipt into another eligible plan or an IRA.  Plans making such eligible rollover distributions are also required, with some exceptions specified in the Code, to provide for a direct transfer of the distribution to the transferee plan designated by the recipient.

Amounts received from IRAs may also be rolled over into other IRAs or certain other plans, subject to limitations set forth in the Code.

Prior to the date that annuity payments begin under an annuity Contract, the required minimum distribution rules applicable to defined contribution plans and IRAs will be used. Generally, distributions from a tax-qualified plan must commence no later than April 1 of the calendar year following the year in which the employee attains the later of age 70 1/2 or the date of retirement.  In the case of an IRA, distributions must commence no later than April 1 of the calendar year following the year in which the owner attains age 70 1/2.  Required distributions from defined contribution plans and IRAs are determined by dividing the account balance by the appropriate distribution period found in a uniform lifetime distribution table set forth in IRS regulations. For this purpose, the entire interest under an annuity Contract is the account value under the Contract plus the actuarial value of any other benefits such as guaranteed death benefits that will be provided under the Contract.

If the sole beneficiary is the Contract holder's or employee's spouse and the spouse is more than 10 years younger than the employee, a longer distribution period measured by the joint life and last survivor expectancy of the Contract holder employee and spouse is permitted to be used.  Distributions under a defined benefit plan or an annuity Contract must be paid in the form of periodic annuity payments for the employee's life (or the joint lives of the employee and beneficiary) or over a period certain that does not exceed the period under the uniform lifetime table for the employee's age in the year in which the annuity starting date occurs.  If the required minimum distributions are not made, a 50% penalty tax on the amount not distributed is imposed on the individual.

Types of Tax-Qualified Plans

The Contracts offered herein are designed to be suitable for use under various types of tax-qualified plans.  Taxation of participants in each tax-qualified plan varies with the type of plan and terms and conditions of each specific plan.  Owners, annuitants and beneficiaries are cautioned that benefits under a tax-qualified plan may be subject to the terms and conditions of the plan regardless of the terms and conditions of the Contracts issued pursuant to the plan.  Some retirement plans are subject to distribution and other requirements that are not incorporated into Jackson's administrative procedures.  Jackson is not bound by the terms and conditions of such plans to the extent such terms conflict with the terms of a Contract, unless Jackson specifically consents to be bound.  Owners, annuitants and beneficiaries are responsible for determining that contributions, distributions and other transactions with respect to the Contracts comply with applicable law.

A tax-qualified Contract will not provide any necessary or additional tax deferral if it is used to fund a tax-qualified plan that is tax deferred.  However, the Contract has features and benefits other than tax deferral that may make it an appropriate investment for a tax-qualified plan.  Following are general descriptions of the types of tax-qualified plans with which the Contracts may be used.  Such descriptions are not exhaustive and are for general informational purposes only.  The tax rules regarding tax-qualified plans are very complex and will have differing applications depending on individual facts and circumstances.  Each purchaser should obtain competent tax advice prior to purchasing a Contract issued under a tax-qualified plan.

Contracts issued pursuant to tax-qualified plans include special provisions restricting Contract provisions that may otherwise be available as described herein.  Generally, Contracts issued pursuant to tax-qualified plans are not transferable except upon surrender or annuitization.  Various penalty and excise taxes may apply to contributions or distributions made in violation of applicable limitations.  Furthermore, certain withdrawal penalties and restrictions may apply to surrenders from Tax-Qualified Contracts.  (See "Tax Treatment of Withdrawals – Tax-Qualified Contracts" above.)

On July 6, 1983, the Supreme Court decided in Arizona Governing Committee v. Norris that benefits provided under an employer's deferred compensation plan could not, under Title VII of the Civil Rights Act of 1964, vary between men and women.  The Contracts sold by Jackson in connection with certain Tax-Qualified Plans will utilize tables that do not differentiate on the basis of sex.  Such annuity tables will also be available for use in connection with certain non-qualified deferred compensation plans.

(a) Tax‑Sheltered Annuities

Section 403(b) of the Code permits the purchase of "tax-sheltered annuities" by public schools and certain charitable, educational and scientific organizations described in Section 501(c)(3) of the Code.  These qualifying employers may make contributions to the Contracts for the benefit of their employees.  Such contributions are not included in the gross income of the employee until the employee receives distributions from the Contract.  The amount of contributions to the tax-sheltered annuity is limited to certain maximums imposed by the Code.  Furthermore, the Code sets forth additional restrictions governing such items as transferability, distributions, non-discrimination and withdrawals. Employee loans are not allowed under these Contracts.  Any employee should obtain competent tax advice as to the tax treatment and suitability of such an investment.

(b) Individual Retirement Annuities

Section 408(b) of the Code permits eligible individuals to contribute to an individual retirement program known as an "individual retirement annuity" ("IRA annuity").  Under applicable limitations, certain amounts may be contributed to an IRA annuity that will be deductible from the individual's gross income.  IRA annuities are subject to limitations on eligibility, contributions, transferability and distributions.  Sales of IRA annuities are subject to special requirements imposed by the Code, including the requirement that certain informational disclosure be given to persons desiring to establish an IRA.  Purchasers of Contracts to be qualified as IRA annuities should obtain competent tax advice as to the tax treatment and suitability of such an investment.

(c) Roth IRA Annuities

Section 408A of the Code provides that individuals may purchase a non-deductible IRA annuity, known as a Roth IRA annuity.  Purchase payments for Roth IRA annuities are limited to a maximum of $5,500 for 201 4 .  The limit will be adjusted annually for inflation in $500 increments.  In addition, the Act allows individuals age 50 and older to make additional catch-up IRA contributions.  The otherwise maximum contribution limit (before application of adjusted gross income phase-out limits) for an individual who had celebrated his or her 50th birthday before the end of the tax year is increased by $1,000.  The same contribution and catch-up contributions are also available for purchasers of Traditional IRA annuities.

Lower maximum limitations apply to individuals above certain adjusted gross income levels.  For 2013, these levels are $11 4 ,000 in the case of single taxpayers, $1 81 ,000 in the case of married taxpayers filing joint returns, and $0 in the case of married taxpayers filing separately.  These levels are indexed annually in $1,000 increments.  An overall $5,500 annual limitation (increased as discussed above) continues to apply to all of a taxpayer's IRA annuity contributions, including Roth IRA annuities and non-Roth IRA annuities.

Qualified distributions from Roth IRA annuities are free from federal income tax.  A qualified distribution requires that the individual has held the Roth IRA annuity for at least five years and, in addition, that the distribution is made either after the individual reaches age 59 1/2, on the individual's death or disability, or as a qualified first-time home purchase, subject to a $10,000 lifetime maximum, for the individual, a spouse, child, grandchild, or ancestor.  Any distribution that is not a qualified distribution is taxable to the extent of earnings in the distribution.  Distributions are treated as made from contributions first and therefore no distributions are taxable until distributions exceed the amount of contributions to the Roth IRA annuity.  The 10% penalty tax and the regular IRA annuity exceptions to the 10% penalty tax apply to taxable distributions from Roth IRA annuities.

Amounts may be rolled over from one Roth IRA annuity to another Roth IRA annuity.  Furthermore, an individual may make a rollover contribution from a non-Roth IRA annuity to a Roth IRA annuity.  The individual must pay tax on any portion of the IRA annuity being rolled over that would be included in income if the distributions were not rolled over.  There are no similar limitations on rollovers from one Roth IRA annuity to another Roth IRA annuity.

(d) Pension and Profit-Sharing Plans

The Internal Revenue Code permits employers, including self-employed individuals, to establish various types of qualified retirement plans for employees.  These retirement plans may permit the purchase of the Contracts to provide benefits under the plan.  Contributions to the plan for the benefit of employees will not be included in the gross income of the employee until distributed from the plan.  The tax consequences to owners may vary depending upon the particular plan design.  However, the Code places limitations on all plans on such items as amount of allowable contributions; form, manner and timing of distributions; vesting and non-forfeitability of interests; nondiscrimination in eligibility and participation; and the tax treatment of distributions, transferability of benefits, withdrawals and surrenders.  Purchasers of Contracts for use with pension or profit sharing plans should obtain competent tax advice as to the tax treatment and suitability of such an investment.

(e) Eligible Deferred Compensation Plans -- Section 457

Under Code provisions, employees and independent Contractors performing services for state and local governments and other tax-exempt organizations may participate in eligible deferred compensation plans under Section 457 of the Code.  The amounts deferred under a Plan that meets the requirements of Section 457 of the Code are not taxable as income to the participant until paid or otherwise made available to the participant or beneficiary.  As a general rule, the maximum amount that can be deferred in any one year is the lesser of 100% of the participant's includible compensation or the $17,500 elective deferral limitation in 201 4 .  The limit is indexed for inflation in $500 increments annually.  In addition, the Act allows individuals in eligible deferred compensation plans of state or local governments age 50 and older to make additional catch-up contributions.  The otherwise maximum contribution limit for an individual who had celebrated his or her 50th birthday before the end of the tax year is increased by $5,500.  The same contribution and catch-up contributions are also available for participants in qualified pension and profit-sharing plans and tax-sheltered annuities under Section 403(b) of the Code.

In limited circumstances, the plan may provide for additional catch-up contributions in each of the last three years before normal retirement age.  Furthermore, the Code provides additional requirements and restrictions regarding eligibility and distributions.

All of the assets and income of an eligible deferred compensation plan established by a governmental employer must be held in trust for the exclusive benefit of participants and their beneficiaries.  For this purpose, custodial accounts and certain annuity Contracts are treated as trusts.  The requirement of a trust does not apply to amounts under a Plan of a tax-exempt (non-governmental) employer.  In addition, the requirement of a trust does not apply to amounts under a Plan of a governmental employer if the Plan is not an eligible plan within the meaning of Section 457(b) of the Code.  In the absence of such a trust, amounts under the plan will be subject to the claims of the employer's general creditors.

In general, distributions from a Plan are prohibited under Section 457 of the Code unless made after the participant:

● attains age 70 1/2,

  ●   severs employment,

  ●   dies, or

  ●   suffers an unforeseeable financial emergency as defined in the regulations.

Under present federal tax law, amounts accumulated in a Plan of a tax-exempt (non-governmental) employer under Section 457 of the Code cannot be transferred or rolled over on a tax-deferred basis except for certain transfers to other Plans under Section 457.  Amounts accumulated in a Plan of a state or local government employer may be transferred or rolled over to another eligible deferred compensation plan of a state or local government, an IRA, a qualified pension or profit-sharing plan or a tax-sheltered annuity under Section 403(b) of the Code.

Annuity Provisions

Variable Annuity Payment

The initial annuity payment is determined by taking the Contract value allocated to that Investment Division, less any premium tax and any applicable Contract charges, and then applying it to the income option table specified in the Contract.  The appropriate rate must be determined by the sex (except where, as in the case of certain Qualified Plans and other employer-sponsored retirement plans, such classification is not permitted) and age of the annuitant and designated second person, if any.

The dollars applied are divided by 1,000 and the result multiplied by the appropriate annuity factor appearing in the table to compute the amount of the first monthly payment.  That amount is divided by the value of an annuity unit as of the Income Date to establish the number of annuity units representing each variable payment.  The number of annuity units determined for the first variable payment remains constant for the second and subsequent monthly variable payments, assuming that no reallocation of Contract values is made.

The amount of the second and each subsequent monthly variable payment is determined by multiplying the number of annuity units by the annuity unit value as of the business day next preceding the date on which each payment is due.

The mortality and expense experience will not adversely affect the dollar amount of the variable annuity payments once payments have commenced.

Annuity Unit Value

The initial value of an annuity unit of each Investment Division was set when the Investment Divisions were established.  The value may increase or decrease from one business day to the next.  The income option tables contained in the Contract are based on an assumed investment rate of 1.5% for all options.

The value of a fixed number of annuity units will reflect the investment performance of the Investment Divisions elected, and the amount of each payment will vary accordingly.

For each Investment Division, the value of an annuity unit for any business day is determined by multiplying the annuity unit value for the immediately preceding business day by the percentage change in the value of an accumulation unit from the immediately preceding business day to the business day of valuation,calculated by use of the Net Investment Factor, described below. The result is then multiplied by a second factor which offsets the effect of the assumed net investment rate of 1.5% for all options.

Net Investment Factor

The net investment factor is an index applied to measure the net investment performance of an Investment Division from one valuation date to the next. The net investment factor for any Investment Division for any valuation period during the accumulation and annuity phases is determined by dividing (a) by (b) and then subtracting (c) from the result where:

(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 during the valuation period which are determined by Jackson 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 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.

Also see "Income Payments (The Income Phase)" in the Prospectus.

Condensed Financial Information

Accumulation Unit Values

The tables reflect the Accumulation Unit values for each Investment Division for the beginning and end of the periods indicated, and the number of Accumulation Units outstanding as of the end of the periods indicated – for Contracts with all levels of charges (and combinations of optional endorsements), except base Contracts (with Administration Charge waiver and no optional endorsements) or Contracts with the most expensive combination of charges and optional endorsements, which can be found in the Prospectus.  The tables do not provide partial year information.  The tables provide Accumulation Unit values and the number of Accumulation Units outstanding only if that information is available throughout the period.  Where Accumulation Unit values and the number of Accumulation Units outstanding are unavailable, either because of a partial year or a Fund not being offered, a "N/A" is provided.

Contact the Annuity Service Center (our contact information is on the cover page of the Prospectus) to ask about the more timely Accumulation Unit values that are available for each Investment Division.

Set forth below are fund changes and additions since the September 16, 2013 Supplement to the Prospectus dated April 29, 2013, for your information in reviewing Accumulation Unit information.

The following fund changes and additions are effective April 28, 2014 (whether or not in connection with a sub-adviser change):

JNL Series Trust

JNL/Brookfield Global Infrastructure Fund to JNL/Brookfield Global Infrastructure and MLP Fund

JNL/M&G Global Basics Fund merged into JNL/Oppenheimer Global Growth Fund

Effective April 28, 2014, the Separate Account has the following new Investment Division, for which no Accumulation Unit information is yet available:

JNL Series Trust

JNL/S&P Mid 3 Fund

Accumulation Unit Values
Base Contract - 1.25%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$10.95
End of period	$11.55
Accumulation units outstanding at the end of period	2,013,452
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.97
End of period	$12.69
Accumulation units outstanding at the end of period	4,113,203
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	$12.11
End of period	$12.33
Accumulation units outstanding at the end of period	4,162,869
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$15.65
End of period	$16.73
Accumulation units outstanding at the end of period	4,759,824
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$16.89
End of period	$17.19
Accumulation units outstanding at the end of period	7,004,091
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.74
End of period	$17.15
Accumulation units outstanding at the end of period	8,896,493
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	$11.44
End of period	$11.76
Accumulation units outstanding at the end of period	3,151,706
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$13.71
End of period	$14.72
Accumulation units outstanding at the end of period	3,267,830
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$11.15
End of period	$10.69
Accumulation units outstanding at the end of period	1,188,347
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	$10.24
End of period	$12.94
Accumulation units outstanding at the end of period	880,315
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.35
End of period	$12.36
Accumulation units outstanding at the end of period	1,737,426
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.55
End of period	$15.16
Accumulation units outstanding at the end of period	4,724,627
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$11.90
End of period	$12.62
Accumulation units outstanding at the end of period	1,587,971
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$11.05
End of period	$12.10
Accumulation units outstanding at the end of period	1,849,553
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$10.35
End of period	$11.19
Accumulation units outstanding at the end of period	1,970,304
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.61
End of period	$11.98
Accumulation units outstanding at the end of period	11,045,819
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	$35.65
End of period	$39.57
Accumulation units outstanding at the end of period	132,064
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$13.75
End of period	$14.79
Accumulation units outstanding at the end of period	744,263
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	$12.61
End of period	$14.39
Accumulation units outstanding at the end of period	397,525
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	$29.48
End of period	$35.87
Accumulation units outstanding at the end of period	174,642
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$18.93
End of period	$25.26
Accumulation units outstanding at the end of period	398,652
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$31.21
End of period	$40.22
Accumulation units outstanding at the end of period	793,196
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.35
End of period	$8.33
Accumulation units outstanding at the end of period	337,988
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.53
End of period	$7.26
Accumulation units outstanding at the end of period	938,574
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.83
End of period	$12.03
Accumulation units outstanding at the end of period	2,603,202
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.91
End of period	$11.47
Accumulation units outstanding at the end of period	919,327
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.68
End of period	$11.97
Accumulation units outstanding at the end of period	1,564,744
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$13.27
End of period	$14.02
Accumulation units outstanding at the end of period	3,592,780
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	$9.25
End of period	$11.19
Accumulation units outstanding at the end of period	733,754
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$9.21
End of period	$11.67
Accumulation units outstanding at the end of period	1,173,623
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$14.36
End of period	$19.06
Accumulation units outstanding at the end of period	816,752
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$26.23
End of period	$25.63
Accumulation units outstanding at the end of period	895,870
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$14.32
End of period	$18.77
Accumulation units outstanding at the end of period	748,159
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	$9.10
End of period	$12.07
Accumulation units outstanding at the end of period	214,567
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.79
End of period	$15.01
Accumulation units outstanding at the end of period	1,611,996
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$20.22
End of period	$21.21
Accumulation units outstanding at the end of period	497,713
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$13.00
End of period	$17.92
Accumulation units outstanding at the end of period	768,144
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$20.40
End of period	$26.38
Accumulation units outstanding at the end of period	247,147
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$17.85
End of period	$24.61
Accumulation units outstanding at the end of period	467,117
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.90
End of period	$14.54
Accumulation units outstanding at the end of period	5,928,018
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	$13.30
End of period	$15.96
Accumulation units outstanding at the end of period	452,126
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$27.03
End of period	$37.91
Accumulation units outstanding at the end of period	317,583
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$21.71
End of period	$20.69
Accumulation units outstanding at the end of period	880,034
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	$13.74
End of period	$14.17
Accumulation units outstanding at the end of period	106,932
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	$9.70
End of period	$12.24
Accumulation units outstanding at the end of period	701,864
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$18.09
End of period	$24.45
Accumulation units outstanding at the end of period	879,016
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$14.63
End of period	$14.05
Accumulation units outstanding at the end of period	760,325
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$7.59
End of period	$7.72
Accumulation units outstanding at the end of period	409,002
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$15.01
End of period	$20.91
Accumulation units outstanding at the end of period	749,732
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$11.10
End of period	$14.31
Accumulation units outstanding at the end of period	764,741
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	$10.13
End of period	$13.93
Accumulation units outstanding at the end of period	130,407
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.09
End of period	$9.94
Accumulation units outstanding at the end of period	1,683,796
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	$14.70
End of period	$15.30
Accumulation units outstanding at the end of period	139,535
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$8.43
End of period	$11.09
Accumulation units outstanding at the end of period	823,251
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	$16.14
End of period	$18.05
Accumulation units outstanding at the end of period	136,308
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$15.38
End of period	$21.40
Accumulation units outstanding at the end of period	1,383,973
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	$10.56
End of period	$12.91
Accumulation units outstanding at the end of period	1,359,863
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	$15.84
End of period	$19.00
Accumulation units outstanding at the end of period	775,808
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$12.72
End of period	$16.54
Accumulation units outstanding at the end of period	1,108,647
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	$9.85
End of period	$12.87
Accumulation units outstanding at the end of period	226,215
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$17.03
End of period	$18.92
Accumulation units outstanding at the end of period	531,613
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	$6.96
End of period	$8.46
Accumulation units outstanding at the end of period	160,609
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$36.84
End of period	$42.17
Accumulation units outstanding at the end of period	680,317
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	$14.03
End of period	$15.61
Accumulation units outstanding at the end of period	148,329
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	$13.26
End of period	$15.42
Accumulation units outstanding at the end of period	358,964
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$20.74
End of period	$25.21
Accumulation units outstanding at the end of period	899,842
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$13.48
End of period	$16.47
Accumulation units outstanding at the end of period	3,622,131
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	$11.90
End of period	$16.09
Accumulation units outstanding at the end of period	406,742
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$16.67
End of period	$22.79
Accumulation units outstanding at the end of period	887,336
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.74
End of period	$9.65
Accumulation units outstanding at the end of period	1,801,674
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	$10.50
End of period	$13.98
Accumulation units outstanding at the end of period	155,401
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	$12.06
End of period	$12.93
Accumulation units outstanding at the end of period	216,300
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.45
End of period	$10.31
Accumulation units outstanding at the end of period	583,681
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$15.36
End of period	$19.14
Accumulation units outstanding at the end of period	632,108
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$15.16
End of period	$13.61
Accumulation units outstanding at the end of period	3,476,664
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$20.63
End of period	$19.99
Accumulation units outstanding at the end of period	5,230,715
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.80
End of period	$10.91
Accumulation units outstanding at the end of period	2,167,660
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$19.37
End of period	$20.32
Accumulation units outstanding at the end of period	1,909,900
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	$11.06
End of period	$15.41
Accumulation units outstanding at the end of period	370,746
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	$14.54
End of period	$15.20
Accumulation units outstanding at the end of period	231,754
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	$24.37
End of period	$27.71
Accumulation units outstanding at the end of period	88,538
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.66
End of period	$17.95
Accumulation units outstanding at the end of period	3,297,943
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.77
End of period	$19.44
Accumulation units outstanding at the end of period	1,073,943
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.58
End of period	$16.25
Accumulation units outstanding at the end of period	3,998,155
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$13.04
End of period	$19.31
Accumulation units outstanding at the end of period	910,622
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	$16.33
End of period	$20.28
Accumulation units outstanding at the end of period	1,885,000
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$13.26
End of period	$13.68
Accumulation units outstanding at the end of period	3,840,685
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$16.89
End of period	$20.45
Accumulation units outstanding at the end of period	5,839,999
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.81
End of period	$15.06
Accumulation units outstanding at the end of period	8,144,303
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$17.00
End of period	$19.45
Accumulation units outstanding at the end of period	10,235,363
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$11.03
End of period	$16.52
Accumulation units outstanding at the end of period	573,887
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$36.95
End of period	$48.42
Accumulation units outstanding at the end of period	1,330,448
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$54.75
End of period	$73.80
Accumulation units outstanding at the end of period	879,411
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.73
End of period	$10.63
Accumulation units outstanding at the end of period	1,699,193
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$17.10
End of period	$23.16
Accumulation units outstanding at the end of period	897,000
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$34.02
End of period	$38.32
Accumulation units outstanding at the end of period	3,076,779
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$12.93
End of period	$12.76
Accumulation units outstanding at the end of period	1,793,347
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	$22.55
End of period	$29.18
Accumulation units outstanding at the end of period	442,959

Accumulation Unit Values
Contract with Endorsements - 1.40%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.87
End of period	$12.55
Accumulation units outstanding at the end of period	22,336
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	$10.08
End of period	$12.20
Accumulation units outstanding at the end of period	24,414
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$14.79
End of period	$16.61
Accumulation units outstanding at the end of period	11,772
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.65
End of period	$17.03
Accumulation units outstanding at the end of period	41,771
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.21
End of period	$14.64
Accumulation units outstanding at the end of period	19,748
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$10.25
End of period	$11.07
Accumulation units outstanding at the end of period	24,158
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$30.46
End of period	$39.19
Accumulation units outstanding at the end of period	7,390
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.83
End of period	$11.35
Accumulation units outstanding at the end of period	25,325
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	$8.49
End of period	$11.09
Accumulation units outstanding at the end of period	27,275
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.63
End of period	$14.82
Accumulation units outstanding at the end of period	16,981
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.48
End of period	$9.90
Accumulation units outstanding at the end of period	51,966
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	$10.47
End of period	$12.78
Accumulation units outstanding at the end of period	16,921
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.59
End of period	$9.44
Accumulation units outstanding at the end of period	106,866
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	$10.37
End of period	$13.79
Accumulation units outstanding at the end of period	43,854
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.44
End of period	$10.29
Accumulation units outstanding at the end of period	24,537
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$20.22
End of period	$19.52
Accumulation units outstanding at the end of period	48,272
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	$11.13
End of period	$15.07
Accumulation units outstanding at the end of period	64,718
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$13.15
End of period	$13.49
Accumulation units outstanding at the end of period	52,038
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.64
End of period	$14.85
Accumulation units outstanding at the end of period	50,553
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$34.44
End of period	$47.09
Accumulation units outstanding at the end of period	20,802
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$31.67
End of period	$37.26
Accumulation units outstanding at the end of period	14,861
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$12.34
End of period	$12.41
Accumulation units outstanding at the end of period	56,327
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.45%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.495%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.55%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$9.26
End of period	$11.31
Accumulation units outstanding at the end of period	145,026
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.78
End of period	$12.42
Accumulation units outstanding at the end of period	30,290
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	$10.00
End of period	$12.07
Accumulation units outstanding at the end of period	46,065
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$15.16
End of period	$16.49
Accumulation units outstanding at the end of period	148,819
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$15.30
End of period	$16.94
Accumulation units outstanding at the end of period	83,110
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.56
End of period	$16.91
Accumulation units outstanding at the end of period	139,417
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	$10.31
End of period	$11.70
Accumulation units outstanding at the end of period	44,016
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.17
End of period	$14.56
Accumulation units outstanding at the end of period	72,443
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$11.06
End of period	$10.57
Accumulation units outstanding at the end of period	70,761
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	$10.16
End of period	$12.80
Accumulation units outstanding at the end of period	28,633
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.33
End of period	$12.30
Accumulation units outstanding at the end of period	42,507
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.45
End of period	$14.99
Accumulation units outstanding at the end of period	76,910
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.47
End of period	$12.48
Accumulation units outstanding at the end of period	18,640
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$10.97
End of period	$11.97
Accumulation units outstanding at the end of period	40,043
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$10.16
End of period	$10.96
Accumulation units outstanding at the end of period	51,552
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.54
End of period	$11.86
Accumulation units outstanding at the end of period	183,555
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	$27.34
End of period	$37.42
Accumulation units outstanding at the end of period	2,009
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.10
End of period	$14.70
Accumulation units outstanding at the end of period	8,158
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	$12.14
End of period	$13.81
Accumulation units outstanding at the end of period	10,409
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	$27.96
End of period	$33.92
Accumulation units outstanding at the end of period	4,706
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$18.02
End of period	$23.99
Accumulation units outstanding at the end of period	1,556
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$29.72
End of period	$38.19
Accumulation units outstanding at the end of period	30,421
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.84
End of period	$8.18
Accumulation units outstanding at the end of period	20,354
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.42
End of period	$7.13
Accumulation units outstanding at the end of period	28,281
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.65
End of period	$11.78
Accumulation units outstanding at the end of period	77,886
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.75
End of period	$11.23
Accumulation units outstanding at the end of period	11,319
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.67
End of period	$11.89
Accumulation units outstanding at the end of period	97,955
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$12.20
End of period	$13.70
Accumulation units outstanding at the end of period	99,074
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	$8.43
End of period	$10.99
Accumulation units outstanding at the end of period	44,516
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$9.05
End of period	$11.43
Accumulation units outstanding at the end of period	43,731
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$14.03
End of period	$18.56
Accumulation units outstanding at the end of period	27,221
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$24.87
End of period	$24.23
Accumulation units outstanding at the end of period	30,423
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$13.99
End of period	$18.29
Accumulation units outstanding at the end of period	24,761
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	$8.94
End of period	$11.82
Accumulation units outstanding at the end of period	7,244
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.46
End of period	$14.63
Accumulation units outstanding at the end of period	38,087
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$17.13
End of period	$20.06
Accumulation units outstanding at the end of period	16,754
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$12.57
End of period	$17.28
Accumulation units outstanding at the end of period	28,438
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$19.52
End of period	$25.15
Accumulation units outstanding at the end of period	4,949
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$17.26
End of period	$23.74
Accumulation units outstanding at the end of period	17,977
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.79
End of period	$14.35
Accumulation units outstanding at the end of period	105,713
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	$12.72
End of period	$15.22
Accumulation units outstanding at the end of period	36,465
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$25.64
End of period	$35.85
Accumulation units outstanding at the end of period	14,984
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$20.59
End of period	$19.56
Accumulation units outstanding at the end of period	27,176
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	$13.56
End of period	$13.95
Accumulation units outstanding at the end of period	200
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	$9.54
End of period	$11.99
Accumulation units outstanding at the end of period	13,295
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$17.37
End of period	$23.41
Accumulation units outstanding at the end of period	57,326
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$14.15
End of period	$13.56
Accumulation units outstanding at the end of period	36,727
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$6.20
End of period	$7.39
Accumulation units outstanding at the end of period	10,407
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$14.41
End of period	$20.02
Accumulation units outstanding at the end of period	17,454
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$10.66
End of period	$13.70
Accumulation units outstanding at the end of period	46,380
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	$10.59
End of period	$13.86
Accumulation units outstanding at the end of period	3,373
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.45
End of period	$9.87
Accumulation units outstanding at the end of period	39,574
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	$11.71
End of period	$15.06
Accumulation units outstanding at the end of period	2,890
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$8.09
End of period	$10.62
Accumulation units outstanding at the end of period	24,012
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	$15.50
End of period	$17.29
Accumulation units outstanding at the end of period	15,565
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$14.77
End of period	$20.50
Accumulation units outstanding at the end of period	41,797
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	$10.39
End of period	$12.65
Accumulation units outstanding at the end of period	88,306
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	$15.33
End of period	$18.33
Accumulation units outstanding at the end of period	19,120
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$12.41
End of period	$16.09
Accumulation units outstanding at the end of period	44,459
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	$9.65
End of period	$12.57
Accumulation units outstanding at the end of period	17,938
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$13.25
End of period	$18.41
Accumulation units outstanding at the end of period	18,471
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	$6.84
End of period	$8.30
Accumulation units outstanding at the end of period	213
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$32.72
End of period	$40.39
Accumulation units outstanding at the end of period	14,786
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	$13.85
End of period	$15.36
Accumulation units outstanding at the end of period	3,580
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	$10.89
End of period	$15.07
Accumulation units outstanding at the end of period	20,141
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$18.57
End of period	$24.32
Accumulation units outstanding at the end of period	14,936
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$12.26
End of period	$15.89
Accumulation units outstanding at the end of period	94,105
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	$11.70
End of period	$15.77
Accumulation units outstanding at the end of period	7,352
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$16.13
End of period	$21.99
Accumulation units outstanding at the end of period	31,850
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.44
End of period	$9.24
Accumulation units outstanding at the end of period	150,970
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	$10.24
End of period	$13.60
Accumulation units outstanding at the end of period	5,951
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	$9.49
End of period	$12.87
Accumulation units outstanding at the end of period	5,578
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.43
End of period	$10.26
Accumulation units outstanding at the end of period	20,222
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$14.83
End of period	$18.43
Accumulation units outstanding at the end of period	19,561
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.89
End of period	$13.33
Accumulation units outstanding at the end of period	126,605
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$19.77
End of period	$19.06
Accumulation units outstanding at the end of period	252,872
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.53
End of period	$10.81
Accumulation units outstanding at the end of period	122,805
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$18.20
End of period	$19.39
Accumulation units outstanding at the end of period	123,325
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	$10.90
End of period	$15.14
Accumulation units outstanding at the end of period	9,244
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	$11.05
End of period	$14.94
Accumulation units outstanding at the end of period	64,346
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	$18.98
End of period	$26.20
Accumulation units outstanding at the end of period	6,951
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.47
End of period	$17.63
Accumulation units outstanding at the end of period	94,189
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.56
End of period	$19.09
Accumulation units outstanding at the end of period	55,759
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.39
End of period	$15.96
Accumulation units outstanding at the end of period	205,881
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.84
End of period	$18.96
Accumulation units outstanding at the end of period	43,728
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	$15.62
End of period	$19.35
Accumulation units outstanding at the end of period	12,721
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.93
End of period	$13.31
Accumulation units outstanding at the end of period	153,390
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$16.16
End of period	$19.51
Accumulation units outstanding at the end of period	106,472
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.47
End of period	$14.65
Accumulation units outstanding at the end of period	223,305
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$16.26
End of period	$18.55
Accumulation units outstanding at the end of period	238,428
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$10.86
End of period	$16.22
Accumulation units outstanding at the end of period	50,412
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$33.54
End of period	$45.79
Accumulation units outstanding at the end of period	47,403
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$51.93
End of period	$69.79
Accumulation units outstanding at the end of period	21,873
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.54
End of period	$10.39
Accumulation units outstanding at the end of period	101,291
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$16.47
End of period	$22.23
Accumulation units outstanding at the end of period	43,442
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$30.84
End of period	$36.24
Accumulation units outstanding at the end of period	61,965
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$12.26
End of period	$12.07
Accumulation units outstanding at the end of period	155,902
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	$21.86
End of period	$28.21
Accumulation units outstanding at the end of period	19,219

Accumulation Unit Values
Contract with Endorsements - 1.60%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.605%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.40
End of period	$14.56
Accumulation units outstanding at the end of period	1,438
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$10.58
End of period	$13.59
Accumulation units outstanding at the end of period	315
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$8.03
End of period	$10.54
Accumulation units outstanding at the end of period	3,597
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$12.35
End of period	$16.01
Accumulation units outstanding at the end of period	2,193
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$32.47
End of period	$40.05
Accumulation units outstanding at the end of period	573
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$12.18
End of period	$15.78
Accumulation units outstanding at the end of period	1,128
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.38
End of period	$9.16
Accumulation units outstanding at the end of period	318
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.84
End of period	$13.27
Accumulation units outstanding at the end of period	1,691
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$19.61
End of period	$18.90
Accumulation units outstanding at the end of period	2,724
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$18.04
End of period	$19.21
Accumulation units outstanding at the end of period	2,197
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.36
End of period	$15.90
Accumulation units outstanding at the end of period	2,224
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.87
End of period	$13.24
Accumulation units outstanding at the end of period	1,561
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$51.39
End of period	$69.03
Accumulation units outstanding at the end of period	334
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.63%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$11.04
End of period	$10.54
Accumulation units outstanding at the end of period	388
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.43
End of period	$14.95
Accumulation units outstanding at the end of period	298
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.44
End of period	$12.44
Accumulation units outstanding at the end of period	331
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	$12.02
End of period	$13.66
Accumulation units outstanding at the end of period	280
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$20.30
End of period	$19.27
Accumulation units outstanding at the end of period	104
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$12.15
End of period	$15.74
Accumulation units outstanding at the end of period	274
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$19.54
End of period	$18.82
Accumulation units outstanding at the end of period	111
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.645%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$9.21
End of period	$11.24
Accumulation units outstanding at the end of period	17,962
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.71
End of period	$12.34
Accumulation units outstanding at the end of period	23,552
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	$9.94
End of period	$11.99
Accumulation units outstanding at the end of period	16,548
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$14.66
End of period	$16.42
Accumulation units outstanding at the end of period	10,239
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$15.25
End of period	$16.87
Accumulation units outstanding at the end of period	31,029
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.50
End of period	$16.83
Accumulation units outstanding at the end of period	27,610
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	$10.31
End of period	$11.68
Accumulation units outstanding at the end of period	27,607
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.14
End of period	$14.51
Accumulation units outstanding at the end of period	15,379
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$11.04
End of period	$10.53
Accumulation units outstanding at the end of period	226
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.33
End of period	$12.28
Accumulation units outstanding at the end of period	691
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.43
End of period	$14.94
Accumulation units outstanding at the end of period	2,382
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.44
End of period	$12.44
Accumulation units outstanding at the end of period	388
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$10.94
End of period	$11.93
Accumulation units outstanding at the end of period	801
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$10.11
End of period	$10.89
Accumulation units outstanding at the end of period	2,419
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.52
End of period	$11.83
Accumulation units outstanding at the end of period	17,701
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.08
End of period	$14.67
Accumulation units outstanding at the end of period	6,632
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$17.75
End of period	$23.60
Accumulation units outstanding at the end of period	8,259
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$29.27
End of period	$37.56
Accumulation units outstanding at the end of period	1,608
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.80
End of period	$8.13
Accumulation units outstanding at the end of period	762
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.38
End of period	$7.09
Accumulation units outstanding at the end of period	449
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.60
End of period	$11.71
Accumulation units outstanding at the end of period	1,996
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.70
End of period	$11.15
Accumulation units outstanding at the end of period	17,508
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.66
End of period	$11.87
Accumulation units outstanding at the end of period	282
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$12.12
End of period	$13.60
Accumulation units outstanding at the end of period	10,404
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$9.00
End of period	$11.36
Accumulation units outstanding at the end of period	370
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$13.93
End of period	$18.41
Accumulation units outstanding at the end of period	2,720
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$24.46
End of period	$23.81
Accumulation units outstanding at the end of period	2,723
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$13.89
End of period	$18.14
Accumulation units outstanding at the end of period	2,218
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.35
End of period	$14.51
Accumulation units outstanding at the end of period	1,835
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$16.84
End of period	$19.71
Accumulation units outstanding at the end of period	968
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$12.44
End of period	$17.08
Accumulation units outstanding at the end of period	3,067
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$19.24
End of period	$24.78
Accumulation units outstanding at the end of period	440
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$17.07
End of period	$23.46
Accumulation units outstanding at the end of period	2,062
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.75
End of period	$14.29
Accumulation units outstanding at the end of period	27,919
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	$12.54
End of period	$14.99
Accumulation units outstanding at the end of period	521
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$25.21
End of period	$35.22
Accumulation units outstanding at the end of period	4,629
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$20.25
End of period	$19.22
Accumulation units outstanding at the end of period	10,953
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	$13.51
End of period	$13.88
Accumulation units outstanding at the end of period	476
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	$9.49
End of period	$11.92
Accumulation units outstanding at the end of period	570
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$17.15
End of period	$23.09
Accumulation units outstanding at the end of period	2,476
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$14.01
End of period	$13.40
Accumulation units outstanding at the end of period	6,556
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$14.22
End of period	$19.74
Accumulation units outstanding at the end of period	4,108
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$10.52
End of period	$13.51
Accumulation units outstanding at the end of period	7,001
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.44
End of period	$9.84
Accumulation units outstanding at the end of period	2,536
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.99
End of period	$10.48
Accumulation units outstanding at the end of period	842
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	$15.30
End of period	$17.05
Accumulation units outstanding at the end of period	665
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$14.58
End of period	$20.21
Accumulation units outstanding at the end of period	3,120
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	$15.17
End of period	$18.12
Accumulation units outstanding at the end of period	2,972
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$12.31
End of period	$15.95
Accumulation units outstanding at the end of period	1,642
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$13.15
End of period	$18.25
Accumulation units outstanding at the end of period	8,017
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$32.31
End of period	$39.83
Accumulation units outstanding at the end of period	2,403
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	$10.82
End of period	$14.96
Accumulation units outstanding at the end of period	2,817
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$18.38
End of period	$24.04
Accumulation units outstanding at the end of period	1,663
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$12.13
End of period	$15.71
Accumulation units outstanding at the end of period	12,918
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	$11.64
End of period	$15.67
Accumulation units outstanding at the end of period	3,983
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$15.96
End of period	$21.74
Accumulation units outstanding at the end of period	2,246
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.34
End of period	$9.11
Accumulation units outstanding at the end of period	13,494
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.42
End of period	$10.24
Accumulation units outstanding at the end of period	7,697
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$14.66
End of period	$18.21
Accumulation units outstanding at the end of period	536
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.81
End of period	$13.24
Accumulation units outstanding at the end of period	19,618
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$19.50
End of period	$18.78
Accumulation units outstanding at the end of period	10,770
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.51
End of period	$10.78
Accumulation units outstanding at the end of period	3,956
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$17.92
End of period	$19.07
Accumulation units outstanding at the end of period	5,296
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.41
End of period	$17.53
Accumulation units outstanding at the end of period	9,834
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.50
End of period	$18.98
Accumulation units outstanding at the end of period	2,047
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.33
End of period	$15.86
Accumulation units outstanding at the end of period	8,369
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.78
End of period	$18.85
Accumulation units outstanding at the end of period	2,263
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	$15.41
End of period	$19.06
Accumulation units outstanding at the end of period	4,306
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.83
End of period	$13.19
Accumulation units outstanding at the end of period	11,161
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$15.94
End of period	$19.22
Accumulation units outstanding at the end of period	11,836
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.37
End of period	$14.52
Accumulation units outstanding at the end of period	44,297
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$16.04
End of period	$18.28
Accumulation units outstanding at the end of period	57,308
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$10.81
End of period	$16.12
Accumulation units outstanding at the end of period	4,422
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$32.98
End of period	$44.99
Accumulation units outstanding at the end of period	6,071
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$51.06
End of period	$68.56
Accumulation units outstanding at the end of period	2,368
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.48
End of period	$10.32
Accumulation units outstanding at the end of period	2,458
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$16.27
End of period	$21.95
Accumulation units outstanding at the end of period	6,644
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$30.33
End of period	$35.60
Accumulation units outstanding at the end of period	9,342
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$12.06
End of period	$11.86
Accumulation units outstanding at the end of period	31,934
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	$21.65
End of period	$27.91
Accumulation units outstanding at the end of period	667

Accumulation Unit Values
Contract with Endorsements - 1.67%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$9.20
End of period	$11.22
Accumulation units outstanding at the end of period	16,809
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.70
End of period	$12.32
Accumulation units outstanding at the end of period	27,404
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	$9.92
End of period	$11.97
Accumulation units outstanding at the end of period	80
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$14.64
End of period	$16.40
Accumulation units outstanding at the end of period	38,943
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$15.23
End of period	$16.85
Accumulation units outstanding at the end of period	7,120
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.49
End of period	$16.81
Accumulation units outstanding at the end of period	27,307
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	$10.30
End of period	$11.68
Accumulation units outstanding at the end of period	28,641
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.13
End of period	$14.50
Accumulation units outstanding at the end of period	17,676
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$11.03
End of period	$10.53
Accumulation units outstanding at the end of period	942
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.32
End of period	$12.27
Accumulation units outstanding at the end of period	3,209
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.42
End of period	$14.93
Accumulation units outstanding at the end of period	8,446
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.43
End of period	$12.42
Accumulation units outstanding at the end of period	460
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$10.93
End of period	$11.92
Accumulation units outstanding at the end of period	8,625
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$10.09
End of period	$10.87
Accumulation units outstanding at the end of period	1,460
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.51
End of period	$11.82
Accumulation units outstanding at the end of period	106,963
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	$26.77
End of period	$36.59
Accumulation units outstanding at the end of period	802
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.08
End of period	$14.66
Accumulation units outstanding at the end of period	458
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	$27.37
End of period	$33.17
Accumulation units outstanding at the end of period	155
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$17.67
End of period	$23.49
Accumulation units outstanding at the end of period	1,847
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$29.15
End of period	$37.40
Accumulation units outstanding at the end of period	1,391
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.79
End of period	$8.12
Accumulation units outstanding at the end of period	907
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.37
End of period	$7.08
Accumulation units outstanding at the end of period	3,007
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.59
End of period	$11.69
Accumulation units outstanding at the end of period	16,609
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.65
End of period	$11.86
Accumulation units outstanding at the end of period	11,153
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$12.10
End of period	$13.57
Accumulation units outstanding at the end of period	14,518
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	$8.38
End of period	$10.91
Accumulation units outstanding at the end of period	2,588
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$8.98
End of period	$11.34
Accumulation units outstanding at the end of period	2,641
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$13.90
End of period	$18.37
Accumulation units outstanding at the end of period	2,151
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$24.35
End of period	$23.70
Accumulation units outstanding at the end of period	5,139
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$13.87
End of period	$18.10
Accumulation units outstanding at the end of period	4,320
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	$8.88
End of period	$11.72
Accumulation units outstanding at the end of period	91
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.33
End of period	$14.48
Accumulation units outstanding at the end of period	2,632
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$16.77
End of period	$19.62
Accumulation units outstanding at the end of period	809
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$17.03
End of period	$23.39
Accumulation units outstanding at the end of period	3,037
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.74
End of period	$14.28
Accumulation units outstanding at the end of period	17,524
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	$12.50
End of period	$14.93
Accumulation units outstanding at the end of period	1,832
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$25.10
End of period	$35.06
Accumulation units outstanding at the end of period	1,031
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$20.16
End of period	$19.13
Accumulation units outstanding at the end of period	8,348
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	$13.49
End of period	$13.86
Accumulation units outstanding at the end of period	214
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$17.09
End of period	$23.01
Accumulation units outstanding at the end of period	1,254
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$13.97
End of period	$13.36
Accumulation units outstanding at the end of period	2,933
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$6.10
End of period	$7.26
Accumulation units outstanding at the end of period	1,984
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$14.16
End of period	$19.65
Accumulation units outstanding at the end of period	2,157
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$10.49
End of period	$13.46
Accumulation units outstanding at the end of period	3,514
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	$10.11
End of period	$13.83
Accumulation units outstanding at the end of period	64
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.44
End of period	$9.84
Accumulation units outstanding at the end of period	4,983
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.96
End of period	$10.44
Accumulation units outstanding at the end of period	1,858
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	$15.25
End of period	$16.99
Accumulation units outstanding at the end of period	2,381
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$14.54
End of period	$20.14
Accumulation units outstanding at the end of period	5,537
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	$10.32
End of period	$12.55
Accumulation units outstanding at the end of period	1,658
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	$15.13
End of period	$18.07
Accumulation units outstanding at the end of period	1,708
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$13.12
End of period	$18.20
Accumulation units outstanding at the end of period	3,028
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$32.19
End of period	$39.69
Accumulation units outstanding at the end of period	4,119
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	$13.78
End of period	$15.27
Accumulation units outstanding at the end of period	527
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$18.33
End of period	$23.97
Accumulation units outstanding at the end of period	2,245
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$12.10
End of period	$15.66
Accumulation units outstanding at the end of period	18,569
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$15.92
End of period	$21.68
Accumulation units outstanding at the end of period	2,189
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.32
End of period	$9.08
Accumulation units outstanding at the end of period	5,316
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	$9.48
End of period	$12.84
Accumulation units outstanding at the end of period	2,177
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.42
End of period	$10.24
Accumulation units outstanding at the end of period	3,632
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$14.62
End of period	$18.16
Accumulation units outstanding at the end of period	956
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.79
End of period	$13.21
Accumulation units outstanding at the end of period	6,533
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$19.42
End of period	$18.71
Accumulation units outstanding at the end of period	23,208
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.50
End of period	$10.77
Accumulation units outstanding at the end of period	24,959
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$17.88
End of period	$19.03
Accumulation units outstanding at the end of period	15,373
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	$10.99
End of period	$14.84
Accumulation units outstanding at the end of period	2,239
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.39
End of period	$17.50
Accumulation units outstanding at the end of period	6,149
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.48
End of period	$18.95
Accumulation units outstanding at the end of period	3,324
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.32
End of period	$15.84
Accumulation units outstanding at the end of period	17,494
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.77
End of period	$18.83
Accumulation units outstanding at the end of period	5,426
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	$15.35
End of period	$18.99
Accumulation units outstanding at the end of period	1,435
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.80
End of period	$13.16
Accumulation units outstanding at the end of period	40,716
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$15.88
End of period	$19.14
Accumulation units outstanding at the end of period	29,761
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.34
End of period	$14.49
Accumulation units outstanding at the end of period	24,769
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$15.98
End of period	$18.20
Accumulation units outstanding at the end of period	26,407
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$10.79
End of period	$16.10
Accumulation units outstanding at the end of period	5,867
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$32.84
End of period	$44.78
Accumulation units outstanding at the end of period	3,621
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$50.84
End of period	$68.25
Accumulation units outstanding at the end of period	3,153
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.46
End of period	$10.30
Accumulation units outstanding at the end of period	6,816
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$16.22
End of period	$21.87
Accumulation units outstanding at the end of period	3,716
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$30.19
End of period	$35.43
Accumulation units outstanding at the end of period	5,896
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$12.00
End of period	$11.80
Accumulation units outstanding at the end of period	34,806
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	$21.60
End of period	$27.83
Accumulation units outstanding at the end of period	706

Accumulation Unit Values
Contract with Endorsements - 1.695%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.70%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.71%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.72%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.76%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$9.15
End of period	$11.15
Accumulation units outstanding at the end of period	1,926
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.64
End of period	$12.24
Accumulation units outstanding at the end of period	857
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.39
End of period	$14.88
Accumulation units outstanding at the end of period	749
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.64
End of period	$11.07
Accumulation units outstanding at the end of period	1,971
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$12.03
End of period	$13.48
Accumulation units outstanding at the end of period	1,545
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$8.94
End of period	$11.27
Accumulation units outstanding at the end of period	1,896
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$23.97
End of period	$23.30
Accumulation units outstanding at the end of period	427
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$12.28
End of period	$16.84
Accumulation units outstanding at the end of period	1,377
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$19.84
End of period	$18.81
Accumulation units outstanding at the end of period	518
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.87
End of period	$10.31
Accumulation units outstanding at the end of period	1,046
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$15.76
End of period	$21.44
Accumulation units outstanding at the end of period	516
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.71
End of period	$13.13
Accumulation units outstanding at the end of period	1,481
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$19.17
End of period	$18.44
Accumulation units outstanding at the end of period	1,072
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	$15.15
End of period	$18.72
Accumulation units outstanding at the end of period	604
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.71
End of period	$13.05
Accumulation units outstanding at the end of period	20,302
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$15.67
End of period	$18.87
Accumulation units outstanding at the end of period	3,358
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.24
End of period	$14.37
Accumulation units outstanding at the end of period	18,592
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$29.72
End of period	$34.84
Accumulation units outstanding at the end of period	3,108
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.795%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$9.13
End of period	$11.12
Accumulation units outstanding at the end of period	19,886
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.62
End of period	$12.21
Accumulation units outstanding at the end of period	33,666
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$14.57
End of period	$16.30
Accumulation units outstanding at the end of period	16,849
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$15.16
End of period	$16.75
Accumulation units outstanding at the end of period	55,993
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.42
End of period	$16.71
Accumulation units outstanding at the end of period	26,251
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.09
End of period	$14.43
Accumulation units outstanding at the end of period	35,451
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$10.99
End of period	$10.48
Accumulation units outstanding at the end of period	6,732
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	$10.10
End of period	$12.68
Accumulation units outstanding at the end of period	32,559
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.32
End of period	$12.25
Accumulation units outstanding at the end of period	41,292
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.38
End of period	$14.86
Accumulation units outstanding at the end of period	97,253
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.40
End of period	$12.37
Accumulation units outstanding at the end of period	31,780
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$10.89
End of period	$11.86
Accumulation units outstanding at the end of period	28,130
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$10.02
End of period	$10.77
Accumulation units outstanding at the end of period	41,548
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.48
End of period	$11.77
Accumulation units outstanding at the end of period	156,427
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	$11.77
End of period	$13.36
Accumulation units outstanding at the end of period	20,034
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	$26.78
End of period	$32.41
Accumulation units outstanding at the end of period	2,569
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$17.32
End of period	$22.99
Accumulation units outstanding at the end of period	22,008
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$28.56
End of period	$36.60
Accumulation units outstanding at the end of period	22,547
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.73
End of period	$8.06
Accumulation units outstanding at the end of period	6,688
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.33
End of period	$7.03
Accumulation units outstanding at the end of period	57,161
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.51
End of period	$11.58
Accumulation units outstanding at the end of period	7,262
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.62
End of period	$11.04
Accumulation units outstanding at the end of period	11,207
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.64
End of period	$11.83
Accumulation units outstanding at the end of period	27,812
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$12.00
End of period	$13.44
Accumulation units outstanding at the end of period	3,902
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	$8.32
End of period	$10.83
Accumulation units outstanding at the end of period	5,160
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$8.92
End of period	$11.24
Accumulation units outstanding at the end of period	11,388
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$13.77
End of period	$18.17
Accumulation units outstanding at the end of period	13,058
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$23.82
End of period	$23.15
Accumulation units outstanding at the end of period	1,566
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$13.74
End of period	$17.91
Accumulation units outstanding at the end of period	71,587
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.19
End of period	$14.32
Accumulation units outstanding at the end of period	31,576
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$16.40
End of period	$19.17
Accumulation units outstanding at the end of period	3,330
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$12.23
End of period	$16.77
Accumulation units outstanding at the end of period	16,661
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$18.82
End of period	$24.20
Accumulation units outstanding at the end of period	1,522
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$16.79
End of period	$23.04
Accumulation units outstanding at the end of period	12,496
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.69
End of period	$14.20
Accumulation units outstanding at the end of period	51,166
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	$12.27
End of period	$14.64
Accumulation units outstanding at the end of period	11,875
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$24.55
End of period	$34.25
Accumulation units outstanding at the end of period	11,189
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$19.72
End of period	$18.69
Accumulation units outstanding at the end of period	2,501
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$16.81
End of period	$22.59
Accumulation units outstanding at the end of period	26,696
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$13.78
End of period	$13.17
Accumulation units outstanding at the end of period	8,163
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$6.00
End of period	$7.13
Accumulation units outstanding at the end of period	15,387
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$13.94
End of period	$19.32
Accumulation units outstanding at the end of period	34,792
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$10.31
End of period	$13.22
Accumulation units outstanding at the end of period	32,630
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.42
End of period	$9.81
Accumulation units outstanding at the end of period	75,925
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.83
End of period	$10.25
Accumulation units outstanding at the end of period	19,780
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	$14.99
End of period	$16.68
Accumulation units outstanding at the end of period	10,090
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$14.29
End of period	$19.78
Accumulation units outstanding at the end of period	30,486
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	$14.93
End of period	$17.80
Accumulation units outstanding at the end of period	7,379
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$12.16
End of period	$15.73
Accumulation units outstanding at the end of period	18,490
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$12.98
End of period	$18.00
Accumulation units outstanding at the end of period	18,711
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	$6.75
End of period	$8.16
Accumulation units outstanding at the end of period	8,785
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$31.66
End of period	$38.98
Accumulation units outstanding at the end of period	18,874
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	$13.71
End of period	$15.17
Accumulation units outstanding at the end of period	6,596
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	$10.72
End of period	$14.79
Accumulation units outstanding at the end of period	17,045
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$18.08
End of period	$23.62
Accumulation units outstanding at the end of period	6,052
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$11.93
End of period	$15.43
Accumulation units outstanding at the end of period	9,171
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	$11.54
End of period	$15.51
Accumulation units outstanding at the end of period	17,747
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$15.70
End of period	$21.35
Accumulation units outstanding at the end of period	13,700
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.19
End of period	$8.92
Accumulation units outstanding at the end of period	32,772
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	$9.47
End of period	$12.81
Accumulation units outstanding at the end of period	41,963
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.41
End of period	$10.22
Accumulation units outstanding at the end of period	20,488
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$14.41
End of period	$17.87
Accumulation units outstanding at the end of period	5,957
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.68
End of period	$13.10
Accumulation units outstanding at the end of period	67,592
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$19.07
End of period	$18.34
Accumulation units outstanding at the end of period	33,707
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.47
End of period	$10.73
Accumulation units outstanding at the end of period	44,049
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$17.55
End of period	$18.65
Accumulation units outstanding at the end of period	27,075
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	$10.78
End of period	$14.93
Accumulation units outstanding at the end of period	7,236
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	$10.92
End of period	$14.73
Accumulation units outstanding at the end of period	27,291
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.31
End of period	$17.37
Accumulation units outstanding at the end of period	125,362
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.39
End of period	$18.80
Accumulation units outstanding at the end of period	27,698
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.24
End of period	$15.72
Accumulation units outstanding at the end of period	35,927
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.68
End of period	$18.68
Accumulation units outstanding at the end of period	33,950
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	$15.07
End of period	$18.62
Accumulation units outstanding at the end of period	11,951
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$15.59
End of period	$18.77
Accumulation units outstanding at the end of period	104,566
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$15.69
End of period	$17.85
Accumulation units outstanding at the end of period	234,847
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$10.72
End of period	$15.98
Accumulation units outstanding at the end of period	11,386
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$32.12
End of period	$43.75
Accumulation units outstanding at the end of period	21,482
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$49.73
End of period	$66.68
Accumulation units outstanding at the end of period	16,260
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.37
End of period	$10.20
Accumulation units outstanding at the end of period	104,113
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$15.96
End of period	$21.50
Accumulation units outstanding at the end of period	34,478
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$29.54
End of period	$34.62
Accumulation units outstanding at the end of period	37,116
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$11.74
End of period	$11.53
Accumulation units outstanding at the end of period	34,202
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	$21.32
End of period	$27.44
Accumulation units outstanding at the end of period	1,987

Accumulation Unit Values
Contract with Endorsements - 1.81%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$9.12
End of period	$11.11
Accumulation units outstanding at the end of period	810
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.61
End of period	$12.20
Accumulation units outstanding at the end of period	11,121
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	$9.84
End of period	$11.86
Accumulation units outstanding at the end of period	512
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$14.57
End of period	$16.29
Accumulation units outstanding at the end of period	14,734
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$15.15
End of period	$16.74
Accumulation units outstanding at the end of period	7,716
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.41
End of period	$16.70
Accumulation units outstanding at the end of period	39,577
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	$10.30
End of period	$11.65
Accumulation units outstanding at the end of period	7,791
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.09
End of period	$14.42
Accumulation units outstanding at the end of period	18,331
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$10.99
End of period	$10.47
Accumulation units outstanding at the end of period	11,021
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	$10.09
End of period	$12.68
Accumulation units outstanding at the end of period	1,543
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.31
End of period	$12.24
Accumulation units outstanding at the end of period	24,306
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.38
End of period	$14.85
Accumulation units outstanding at the end of period	30,405
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.39
End of period	$12.36
Accumulation units outstanding at the end of period	17,376
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$10.89
End of period	$11.86
Accumulation units outstanding at the end of period	6,360
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$10.01
End of period	$10.76
Accumulation units outstanding at the end of period	14,678
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.48
End of period	$11.76
Accumulation units outstanding at the end of period	44,277
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	$26.12
End of period	$35.65
Accumulation units outstanding at the end of period	283
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.06
End of period	$14.62
Accumulation units outstanding at the end of period	5,129
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	$11.75
End of period	$13.33
Accumulation units outstanding at the end of period	592
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	$26.71
End of period	$32.32
Accumulation units outstanding at the end of period	625
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$28.49
End of period	$36.51
Accumulation units outstanding at the end of period	4,106
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.73
End of period	$8.05
Accumulation units outstanding at the end of period	3,167
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.32
End of period	$7.02
Accumulation units outstanding at the end of period	11,375
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.51
End of period	$11.57
Accumulation units outstanding at the end of period	51,545
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.61
End of period	$11.03
Accumulation units outstanding at the end of period	2,920
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.64
End of period	$11.83
Accumulation units outstanding at the end of period	16,697
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$11.99
End of period	$13.43
Accumulation units outstanding at the end of period	45,312
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	$8.32
End of period	$10.82
Accumulation units outstanding at the end of period	9,883
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$8.91
End of period	$11.23
Accumulation units outstanding at the end of period	16,939
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$13.75
End of period	$18.15
Accumulation units outstanding at the end of period	6,137
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$23.76
End of period	$23.09
Accumulation units outstanding at the end of period	1,694
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$13.72
End of period	$17.88
Accumulation units outstanding at the end of period	4,807
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	$8.81
End of period	$11.60
Accumulation units outstanding at the end of period	2,488
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.17
End of period	$14.30
Accumulation units outstanding at the end of period	8,816
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$16.36
End of period	$19.11
Accumulation units outstanding at the end of period	2,055
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$12.21
End of period	$16.74
Accumulation units outstanding at the end of period	9,107
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$18.78
End of period	$24.14
Accumulation units outstanding at the end of period	2,558
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$16.76
End of period	$23.00
Accumulation units outstanding at the end of period	3,783
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.69
End of period	$14.19
Accumulation units outstanding at the end of period	11,850
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	$12.24
End of period	$14.60
Accumulation units outstanding at the end of period	810
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$24.49
End of period	$34.15
Accumulation units outstanding at the end of period	722
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$19.67
End of period	$18.64
Accumulation units outstanding at the end of period	6,003
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	$9.40
End of period	$11.79
Accumulation units outstanding at the end of period	8,511
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$16.77
End of period	$22.55
Accumulation units outstanding at the end of period	2,120
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$13.76
End of period	$13.14
Accumulation units outstanding at the end of period	4,978
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$5.99
End of period	$7.12
Accumulation units outstanding at the end of period	5,526
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$13.91
End of period	$19.28
Accumulation units outstanding at the end of period	8,658
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$10.29
End of period	$13.19
Accumulation units outstanding at the end of period	4,133
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.42
End of period	$9.81
Accumulation units outstanding at the end of period	32,344
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	$11.58
End of period	$14.86
Accumulation units outstanding at the end of period	198
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.81
End of period	$10.23
Accumulation units outstanding at the end of period	3,890
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	$14.96
End of period	$16.65
Accumulation units outstanding at the end of period	184
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$14.26
End of period	$19.74
Accumulation units outstanding at the end of period	17,746
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	$14.90
End of period	$17.77
Accumulation units outstanding at the end of period	39,917
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$12.14
End of period	$15.71
Accumulation units outstanding at the end of period	14,943
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$12.97
End of period	$17.97
Accumulation units outstanding at the end of period	2,602
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$31.59
End of period	$38.89
Accumulation units outstanding at the end of period	5,274
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	$13.70
End of period	$15.16
Accumulation units outstanding at the end of period	269
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	$10.71
End of period	$14.77
Accumulation units outstanding at the end of period	1,444
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$18.05
End of period	$23.57
Accumulation units outstanding at the end of period	27,076
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$11.91
End of period	$15.40
Accumulation units outstanding at the end of period	55,321
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	$11.53
End of period	$15.50
Accumulation units outstanding at the end of period	635
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$15.68
End of period	$21.32
Accumulation units outstanding at the end of period	28,352
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.18
End of period	$8.90
Accumulation units outstanding at the end of period	11,132
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	$10.03
End of period	$13.28
Accumulation units outstanding at the end of period	1
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	$9.47
End of period	$12.81
Accumulation units outstanding at the end of period	565
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.41
End of period	$10.22
Accumulation units outstanding at the end of period	1,102
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$14.38
End of period	$17.83
Accumulation units outstanding at the end of period	6,559
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.66
End of period	$13.09
Accumulation units outstanding at the end of period	36,782
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$19.02
End of period	$18.30
Accumulation units outstanding at the end of period	54,625
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.47
End of period	$10.73
Accumulation units outstanding at the end of period	56,549
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$17.51
End of period	$18.61
Accumulation units outstanding at the end of period	11,766
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	$10.77
End of period	$14.92
Accumulation units outstanding at the end of period	6,059
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	$10.91
End of period	$14.72
Accumulation units outstanding at the end of period	1,304
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	$18.13
End of period	$24.96
Accumulation units outstanding at the end of period	1,366
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.30
End of period	$17.35
Accumulation units outstanding at the end of period	20,016
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.38
End of period	$18.79
Accumulation units outstanding at the end of period	17,182
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.23
End of period	$15.71
Accumulation units outstanding at the end of period	34,345
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.68
End of period	$18.67
Accumulation units outstanding at the end of period	2,937
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	$15.04
End of period	$18.57
Accumulation units outstanding at the end of period	505
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.66
End of period	$12.99
Accumulation units outstanding at the end of period	9,538
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$15.56
End of period	$18.73
Accumulation units outstanding at the end of period	28,073
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.19
End of period	$14.30
Accumulation units outstanding at the end of period	32,102
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$15.65
End of period	$17.81
Accumulation units outstanding at the end of period	80,091
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$10.72
End of period	$15.96
Accumulation units outstanding at the end of period	6,850
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$32.04
End of period	$43.63
Accumulation units outstanding at the end of period	8,940
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$49.60
End of period	$66.49
Accumulation units outstanding at the end of period	2,413
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.36
End of period	$10.19
Accumulation units outstanding at the end of period	22,206
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$15.93
End of period	$21.46
Accumulation units outstanding at the end of period	13,675
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$29.46
End of period	$34.52
Accumulation units outstanding at the end of period	8,204
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$11.71
End of period	$11.50
Accumulation units outstanding at the end of period	75,921
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	$21.29
End of period	$27.40
Accumulation units outstanding at the end of period	2,168

Accumulation Unit Values
Contract with Endorsements - 1.82%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.845%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.85%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$9.10
End of period	$11.08
Accumulation units outstanding at the end of period	9,254
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$14.54
End of period	$16.26
Accumulation units outstanding at the end of period	24
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$15.13
End of period	$16.70
Accumulation units outstanding at the end of period	118
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.39
End of period	$16.67
Accumulation units outstanding at the end of period	3,712
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	$10.29
End of period	$11.64
Accumulation units outstanding at the end of period	3,143
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.08
End of period	$14.40
Accumulation units outstanding at the end of period	4,598
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	$10.08
End of period	$12.66
Accumulation units outstanding at the end of period	61
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.31
End of period	$12.23
Accumulation units outstanding at the end of period	270
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.36
End of period	$14.83
Accumulation units outstanding at the end of period	28,948
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.38
End of period	$12.34
Accumulation units outstanding at the end of period	8,625
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$10.88
End of period	$11.84
Accumulation units outstanding at the end of period	195
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$9.98
End of period	$10.73
Accumulation units outstanding at the end of period	3,804
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.47
End of period	$11.75
Accumulation units outstanding at the end of period	12,111
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	$25.93
End of period	$35.38
Accumulation units outstanding at the end of period	407
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.06
End of period	$14.61
Accumulation units outstanding at the end of period	126
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$28.31
End of period	$36.25
Accumulation units outstanding at the end of period	2,934
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.71
End of period	$8.03
Accumulation units outstanding at the end of period	789
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.31
End of period	$7.00
Accumulation units outstanding at the end of period	938
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.59
End of period	$11.00
Accumulation units outstanding at the end of period	433
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.63
End of period	$11.82
Accumulation units outstanding at the end of period	556
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$11.95
End of period	$13.39
Accumulation units outstanding at the end of period	2,284
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$8.89
End of period	$11.20
Accumulation units outstanding at the end of period	1,417
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$13.71
End of period	$18.09
Accumulation units outstanding at the end of period	5,287
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$23.59
End of period	$22.92
Accumulation units outstanding at the end of period	2,250
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$13.68
End of period	$17.82
Accumulation units outstanding at the end of period	7,264
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	$8.78
End of period	$11.57
Accumulation units outstanding at the end of period	12,723
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.13
End of period	$14.25
Accumulation units outstanding at the end of period	2,212
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$16.24
End of period	$18.97
Accumulation units outstanding at the end of period	306
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$12.16
End of period	$16.66
Accumulation units outstanding at the end of period	7,980
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$18.67
End of period	$23.99
Accumulation units outstanding at the end of period	328
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$16.69
End of period	$22.88
Accumulation units outstanding at the end of period	6,182
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.67
End of period	$14.17
Accumulation units outstanding at the end of period	14,663
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$19.53
End of period	$18.50
Accumulation units outstanding at the end of period	1,313
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$16.68
End of period	$22.41
Accumulation units outstanding at the end of period	6,083
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$13.70
End of period	$13.08
Accumulation units outstanding at the end of period	1,573
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$5.96
End of period	$7.08
Accumulation units outstanding at the end of period	1,561
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$13.85
End of period	$19.19
Accumulation units outstanding at the end of period	5,584
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$10.24
End of period	$13.12
Accumulation units outstanding at the end of period	1,027
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	$10.09
End of period	$13.79
Accumulation units outstanding at the end of period	4,883
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.41
End of period	$9.80
Accumulation units outstanding at the end of period	687
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	$11.56
End of period	$14.83
Accumulation units outstanding at the end of period	871
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.77
End of period	$10.17
Accumulation units outstanding at the end of period	8,878
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	$14.88
End of period	$16.55
Accumulation units outstanding at the end of period	331
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$14.19
End of period	$19.62
Accumulation units outstanding at the end of period	5,541
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$12.10
End of period	$15.65
Accumulation units outstanding at the end of period	1,717
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$12.93
End of period	$17.90
Accumulation units outstanding at the end of period	1,966
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$31.42
End of period	$38.67
Accumulation units outstanding at the end of period	982
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	$10.68
End of period	$14.73
Accumulation units outstanding at the end of period	8,949
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$17.97
End of period	$23.46
Accumulation units outstanding at the end of period	5,180
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$11.86
End of period	$15.33
Accumulation units outstanding at the end of period	7,399
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.14
End of period	$8.85
Accumulation units outstanding at the end of period	4,489
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	$9.47
End of period	$12.80
Accumulation units outstanding at the end of period	207
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.41
End of period	$10.21
Accumulation units outstanding at the end of period	201
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$14.32
End of period	$17.74
Accumulation units outstanding at the end of period	44
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.63
End of period	$13.05
Accumulation units outstanding at the end of period	12,694
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$18.91
End of period	$18.18
Accumulation units outstanding at the end of period	8,818
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.46
End of period	$10.71
Accumulation units outstanding at the end of period	668
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$17.41
End of period	$18.49
Accumulation units outstanding at the end of period	1,609
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	$10.75
End of period	$14.89
Accumulation units outstanding at the end of period	4,527
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	$18.00
End of period	$24.77
Accumulation units outstanding at the end of period	6,143
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.28
End of period	$17.31
Accumulation units outstanding at the end of period	5,358
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.36
End of period	$18.74
Accumulation units outstanding at the end of period	4,430
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.20
End of period	$15.67
Accumulation units outstanding at the end of period	1,382
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.65
End of period	$18.62
Accumulation units outstanding at the end of period	6,492
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.62
End of period	$12.94
Accumulation units outstanding at the end of period	14,186
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$15.46
End of period	$18.60
Accumulation units outstanding at the end of period	27,597
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.14
End of period	$14.25
Accumulation units outstanding at the end of period	29
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$15.56
End of period	$17.70
Accumulation units outstanding at the end of period	61,654
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$10.70
End of period	$15.93
Accumulation units outstanding at the end of period	4,768
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$31.81
End of period	$43.30
Accumulation units outstanding at the end of period	5,503
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$49.25
End of period	$66.00
Accumulation units outstanding at the end of period	1,291
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.34
End of period	$10.16
Accumulation units outstanding at the end of period	5,330
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$15.85
End of period	$21.34
Accumulation units outstanding at the end of period	15,448
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$29.25
End of period	$34.27
Accumulation units outstanding at the end of period	2,854
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$11.62
End of period	$11.40
Accumulation units outstanding at the end of period	23,441
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.86%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.885%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$9.08
End of period	$11.05
Accumulation units outstanding at the end of period	1,343
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.56
End of period	$12.14
Accumulation units outstanding at the end of period	30,723
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$14.53
End of period	$16.23
Accumulation units outstanding at the end of period	7,747
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$15.11
End of period	$16.68
Accumulation units outstanding at the end of period	7,642
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.37
End of period	$16.64
Accumulation units outstanding at the end of period	60,842
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	$10.29
End of period	$11.64
Accumulation units outstanding at the end of period	14,433
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.07
End of period	$14.38
Accumulation units outstanding at the end of period	20,753
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$10.97
End of period	$10.44
Accumulation units outstanding at the end of period	5,444
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.31
End of period	$12.22
Accumulation units outstanding at the end of period	2,284
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.35
End of period	$14.81
Accumulation units outstanding at the end of period	2,120
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.37
End of period	$12.33
Accumulation units outstanding at the end of period	6,443
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$10.87
End of period	$11.83
Accumulation units outstanding at the end of period	1,903
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$9.96
End of period	$10.71
Accumulation units outstanding at the end of period	6,916
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.46
End of period	$11.73
Accumulation units outstanding at the end of period	23,640
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.05
End of period	$14.60
Accumulation units outstanding at the end of period	43
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$17.07
End of period	$22.64
Accumulation units outstanding at the end of period	6,717
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$28.14
End of period	$36.03
Accumulation units outstanding at the end of period	5,264
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.69
End of period	$8.01
Accumulation units outstanding at the end of period	950
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.29
End of period	$6.99
Accumulation units outstanding at the end of period	4,636
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.46
End of period	$11.51
Accumulation units outstanding at the end of period	4,034
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.58
End of period	$10.97
Accumulation units outstanding at the end of period	4,398
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.63
End of period	$11.81
Accumulation units outstanding at the end of period	16,721
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$11.93
End of period	$13.35
Accumulation units outstanding at the end of period	3,575
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	$8.29
End of period	$10.77
Accumulation units outstanding at the end of period	1,902
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$13.67
End of period	$18.03
Accumulation units outstanding at the end of period	576
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$23.45
End of period	$22.77
Accumulation units outstanding at the end of period	25,976
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$13.64
End of period	$17.77
Accumulation units outstanding at the end of period	305
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.09
End of period	$14.21
Accumulation units outstanding at the end of period	7,860
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$16.14
End of period	$18.85
Accumulation units outstanding at the end of period	68
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$12.11
End of period	$16.59
Accumulation units outstanding at the end of period	1,911
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$18.57
End of period	$23.85
Accumulation units outstanding at the end of period	800
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$16.62
End of period	$22.79
Accumulation units outstanding at the end of period	2,256
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.66
End of period	$14.15
Accumulation units outstanding at the end of period	22,006
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	$12.11
End of period	$14.43
Accumulation units outstanding at the end of period	292
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$24.16
End of period	$33.68
Accumulation units outstanding at the end of period	2,339
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$16.60
End of period	$22.30
Accumulation units outstanding at the end of period	2,278
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$13.64
End of period	$13.02
Accumulation units outstanding at the end of period	9,059
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$5.93
End of period	$7.04
Accumulation units outstanding at the end of period	2,088
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$13.77
End of period	$19.07
Accumulation units outstanding at the end of period	833
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$10.19
End of period	$13.05
Accumulation units outstanding at the end of period	1,090
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.73
End of period	$10.12
Accumulation units outstanding at the end of period	4,633
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$14.12
End of period	$19.52
Accumulation units outstanding at the end of period	6,228
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	$14.78
End of period	$17.61
Accumulation units outstanding at the end of period	472
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$12.07
End of period	$15.60
Accumulation units outstanding at the end of period	5,808
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$12.89
End of period	$17.85
Accumulation units outstanding at the end of period	2,285
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$31.27
End of period	$38.46
Accumulation units outstanding at the end of period	4,404
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	$13.66
End of period	$15.10
Accumulation units outstanding at the end of period	326
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	$10.65
End of period	$14.69
Accumulation units outstanding at the end of period	1,588
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$17.90
End of period	$23.36
Accumulation units outstanding at the end of period	2,528
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$11.82
End of period	$15.26
Accumulation units outstanding at the end of period	24,625
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	$11.48
End of period	$15.42
Accumulation units outstanding at the end of period	984
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$15.55
End of period	$21.12
Accumulation units outstanding at the end of period	781
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.11
End of period	$8.80
Accumulation units outstanding at the end of period	4,587
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	$9.47
End of period	$12.79
Accumulation units outstanding at the end of period	27
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.41
End of period	$10.20
Accumulation units outstanding at the end of period	11,275
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$14.26
End of period	$17.66
Accumulation units outstanding at the end of period	4,616
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.60
End of period	$13.02
Accumulation units outstanding at the end of period	6,211
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$18.81
End of period	$18.08
Accumulation units outstanding at the end of period	35,279
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.46
End of period	$10.70
Accumulation units outstanding at the end of period	17,877
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$17.31
End of period	$18.38
Accumulation units outstanding at the end of period	17,195
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	$10.73
End of period	$14.86
Accumulation units outstanding at the end of period	3,310
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	$10.88
End of period	$14.66
Accumulation units outstanding at the end of period	1,770
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.26
End of period	$17.28
Accumulation units outstanding at the end of period	14,402
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.33
End of period	$18.70
Accumulation units outstanding at the end of period	3,363
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.18
End of period	$15.64
Accumulation units outstanding at the end of period	24,660
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.63
End of period	$18.58
Accumulation units outstanding at the end of period	6,864
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	$14.87
End of period	$18.35
Accumulation units outstanding at the end of period	3,939
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.58
End of period	$12.90
Accumulation units outstanding at the end of period	6,430
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$15.38
End of period	$18.51
Accumulation units outstanding at the end of period	68,391
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.11
End of period	$14.20
Accumulation units outstanding at the end of period	26,075
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$15.48
End of period	$17.60
Accumulation units outstanding at the end of period	20,907
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$10.68
End of period	$15.89
Accumulation units outstanding at the end of period	11,032
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$31.61
End of period	$43.02
Accumulation units outstanding at the end of period	9,780
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$48.94
End of period	$65.56
Accumulation units outstanding at the end of period	4,708
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.31
End of period	$10.13
Accumulation units outstanding at the end of period	49,501
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$15.78
End of period	$21.24
Accumulation units outstanding at the end of period	2,094
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$29.07
End of period	$34.04
Accumulation units outstanding at the end of period	7,816
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$11.56
End of period	$11.34
Accumulation units outstanding at the end of period	13,435
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.90%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.935%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.945%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	$9.05
End of period	$11.01
Accumulation units outstanding at the end of period	419,716
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.52
End of period	$12.09
Accumulation units outstanding at the end of period	396,529
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	$9.76
End of period	$11.75
Accumulation units outstanding at the end of period	634,525
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$14.49
End of period	$16.19
Accumulation units outstanding at the end of period	244,633
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$15.08
End of period	$16.63
Accumulation units outstanding at the end of period	675,568
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.33
End of period	$16.59
Accumulation units outstanding at the end of period	1,548,923
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	$10.29
End of period	$11.63
Accumulation units outstanding at the end of period	340,179
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.05
End of period	$14.35
Accumulation units outstanding at the end of period	450,640
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$10.95
End of period	$10.42
Accumulation units outstanding at the end of period	160,832
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	$10.06
End of period	$12.61
Accumulation units outstanding at the end of period	97,333
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.30
End of period	$12.21
Accumulation units outstanding at the end of period	193,740
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.33
End of period	$14.78
Accumulation units outstanding at the end of period	663,638
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.36
End of period	$12.30
Accumulation units outstanding at the end of period	117,707
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$10.85
End of period	$11.80
Accumulation units outstanding at the end of period	221,029
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$9.93
End of period	$10.66
Accumulation units outstanding at the end of period	398,693
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.45
End of period	$11.71
Accumulation units outstanding at the end of period	1,472,346
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	$25.50
End of period	$34.76
Accumulation units outstanding at the end of period	17,197
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.04
End of period	$14.58
Accumulation units outstanding at the end of period	112,709
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	$11.55
End of period	$13.08
Accumulation units outstanding at the end of period	79,105
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	$26.08
End of period	$31.52
Accumulation units outstanding at the end of period	26,912
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$16.90
End of period	$22.40
Accumulation units outstanding at the end of period	32,679
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$27.87
End of period	$35.66
Accumulation units outstanding at the end of period	125,819
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.67
End of period	$7.99
Accumulation units outstanding at the end of period	70,529
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.27
End of period	$6.96
Accumulation units outstanding at the end of period	208,296
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.43
End of period	$11.46
Accumulation units outstanding at the end of period	423,104
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.55
End of period	$10.92
Accumulation units outstanding at the end of period	116,052
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.62
End of period	$11.80
Accumulation units outstanding at the end of period	241,160
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$11.88
End of period	$13.29
Accumulation units outstanding at the end of period	430,278
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	$8.26
End of period	$10.73
Accumulation units outstanding at the end of period	85,952
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$8.84
End of period	$11.12
Accumulation units outstanding at the end of period	114,842
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$13.61
End of period	$17.94
Accumulation units outstanding at the end of period	120,164
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$23.20
End of period	$22.51
Accumulation units outstanding at the end of period	123,197
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$13.58
End of period	$17.67
Accumulation units outstanding at the end of period	116,242
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	$8.73
End of period	$11.50
Accumulation units outstanding at the end of period	90,696
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.03
End of period	$14.14
Accumulation units outstanding at the end of period	203,005
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$15.97
End of period	$18.64
Accumulation units outstanding at the end of period	76,691
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$12.03
End of period	$16.47
Accumulation units outstanding at the end of period	121,188
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$18.40
End of period	$23.63
Accumulation units outstanding at the end of period	55,242
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$16.51
End of period	$22.62
Accumulation units outstanding at the end of period	83,398
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.64
End of period	$14.11
Accumulation units outstanding at the end of period	711,179
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	$12.00
End of period	$14.29
Accumulation units outstanding at the end of period	62,515
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$23.91
End of period	$33.30
Accumulation units outstanding at the end of period	60,274
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$19.21
End of period	$18.17
Accumulation units outstanding at the end of period	177,378
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	$13.34
End of period	$13.67
Accumulation units outstanding at the end of period	36,928
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	$9.33
End of period	$11.68
Accumulation units outstanding at the end of period	106,281
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$16.47
End of period	$22.11
Accumulation units outstanding at the end of period	145,319
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$13.56
End of period	$12.93
Accumulation units outstanding at the end of period	117,747
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$5.88
End of period	$6.98
Accumulation units outstanding at the end of period	114,051
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$13.66
End of period	$18.90
Accumulation units outstanding at the end of period	152,781
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$10.11
End of period	$12.94
Accumulation units outstanding at the end of period	184,176
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	$10.09
End of period	$13.77
Accumulation units outstanding at the end of period	27,396
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.40
End of period	$9.78
Accumulation units outstanding at the end of period	181,551
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	$11.52
End of period	$14.75
Accumulation units outstanding at the end of period	17,773
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.67
End of period	$10.03
Accumulation units outstanding at the end of period	220,375
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	$14.69
End of period	$16.32
Accumulation units outstanding at the end of period	14,607
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$14.01
End of period	$19.35
Accumulation units outstanding at the end of period	347,822
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	$10.16
End of period	$12.33
Accumulation units outstanding at the end of period	138,849
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	$14.68
End of period	$17.49
Accumulation units outstanding at the end of period	114,047
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$12.01
End of period	$15.51
Accumulation units outstanding at the end of period	267,947
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	$9.40
End of period	$12.20
Accumulation units outstanding at the end of period	73,604
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$12.83
End of period	$17.75
Accumulation units outstanding at the end of period	122,000
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	$6.69
End of period	$8.08
Accumulation units outstanding at the end of period	7,592
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$31.02
End of period	$38.14
Accumulation units outstanding at the end of period	150,488
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	$13.62
End of period	$15.05
Accumulation units outstanding at the end of period	30,624
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	$10.61
End of period	$14.62
Accumulation units outstanding at the end of period	70,764
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$17.78
End of period	$23.20
Accumulation units outstanding at the end of period	164,159
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$11.74
End of period	$15.15
Accumulation units outstanding at the end of period	580,229
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	$11.44
End of period	$15.36
Accumulation units outstanding at the end of period	48,471
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$15.45
End of period	$20.97
Accumulation units outstanding at the end of period	146,921
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.05
End of period	$8.72
Accumulation units outstanding at the end of period	361,393
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	$9.92
End of period	$13.11
Accumulation units outstanding at the end of period	50,422
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	$9.46
End of period	$12.78
Accumulation units outstanding at the end of period	31,210
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.40
End of period	$10.19
Accumulation units outstanding at the end of period	174,780
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$14.16
End of period	$17.53
Accumulation units outstanding at the end of period	81,877
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.55
End of period	$12.96
Accumulation units outstanding at the end of period	750,915
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$18.65
End of period	$17.91
Accumulation units outstanding at the end of period	937,232
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.44
End of period	$10.68
Accumulation units outstanding at the end of period	484,007
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$17.16
End of period	$18.21
Accumulation units outstanding at the end of period	621,522
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	$10.70
End of period	$14.80
Accumulation units outstanding at the end of period	56,795
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	$10.84
End of period	$14.61
Accumulation units outstanding at the end of period	67,743
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	$17.70
End of period	$24.34
Accumulation units outstanding at the end of period	29,842
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.22
End of period	$17.21
Accumulation units outstanding at the end of period	677,781
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.29
End of period	$18.63
Accumulation units outstanding at the end of period	225,466
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.15
End of period	$15.58
Accumulation units outstanding at the end of period	794,276
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.59
End of period	$18.51
Accumulation units outstanding at the end of period	139,658
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	$14.74
End of period	$18.18
Accumulation units outstanding at the end of period	237,189
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.52
End of period	$12.83
Accumulation units outstanding at the end of period	880,383
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$15.25
End of period	$18.33
Accumulation units outstanding at the end of period	741,541
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.04
End of period	$14.12
Accumulation units outstanding at the end of period	1,233,311
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$15.34
End of period	$17.43
Accumulation units outstanding at the end of period	1,314,968
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$10.64
End of period	$15.83
Accumulation units outstanding at the end of period	125,177
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$31.28
End of period	$42.54
Accumulation units outstanding at the end of period	210,127
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$48.43
End of period	$64.84
Accumulation units outstanding at the end of period	155,009
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.27
End of period	$10.08
Accumulation units outstanding at the end of period	346,122
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$15.66
End of period	$21.06
Accumulation units outstanding at the end of period	240,221
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$28.76
End of period	$33.66
Accumulation units outstanding at the end of period	463,886
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$11.43
End of period	$11.21
Accumulation units outstanding at the end of period	934,949
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	$21.00
End of period	$26.98
Accumulation units outstanding at the end of period	49,507

Accumulation Unit Values
Contract with Endorsements - 1.97%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.32
End of period	$16.57
Accumulation units outstanding at the end of period	1,361
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.44
End of period	$11.70
Accumulation units outstanding at the end of period	1,739
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.04
End of period	$14.57
Accumulation units outstanding at the end of period	746
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$16.83
End of period	$22.31
Accumulation units outstanding at the end of period	928
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.53
End of period	$10.90
Accumulation units outstanding at the end of period	951
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.62
End of period	$11.79
Accumulation units outstanding at the end of period	679
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$13.55
End of period	$17.64
Accumulation units outstanding at the end of period	352
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	$8.72
End of period	$11.48
Accumulation units outstanding at the end of period	903
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$14.00
End of period	$14.11
Accumulation units outstanding at the end of period	433
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.63
End of period	$14.10
Accumulation units outstanding at the end of period	732
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	$10.09
End of period	$13.76
Accumulation units outstanding at the end of period	302
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$7.02
End of period	$8.69
Accumulation units outstanding at the end of period	717
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.40
End of period	$10.19
Accumulation units outstanding at the end of period	1,412
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.53
End of period	$12.94
Accumulation units outstanding at the end of period	1,096
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.59
End of period	$10.68
Accumulation units outstanding at the end of period	1,351
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.13
End of period	$15.55
Accumulation units outstanding at the end of period	2,236
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$13.01
End of period	$14.09
Accumulation units outstanding at the end of period	13,440
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.25
End of period	$10.06
Accumulation units outstanding at the end of period	1,968
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$15.61
End of period	$20.99
Accumulation units outstanding at the end of period	715
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.982%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 1.995%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 2.082%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 2.095%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.01
End of period	$14.27
Accumulation units outstanding at the end of period	3,706
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$10.90
End of period	$10.36
Accumulation units outstanding at the end of period	19,766
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.32
End of period	$12.23
Accumulation units outstanding at the end of period	11,810
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.41
End of period	$11.66
Accumulation units outstanding at the end of period	36,976
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	$11.33
End of period	$12.82
Accumulation units outstanding at the end of period	3,705
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	$25.39
End of period	$30.64
Accumulation units outstanding at the end of period	9,026
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$27.20
End of period	$34.75
Accumulation units outstanding at the end of period	9,291
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.35
End of period	$11.35
Accumulation units outstanding at the end of period	4,611
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$11.76
End of period	$13.14
Accumulation units outstanding at the end of period	38,729
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$13.87
End of period	$13.95
Accumulation units outstanding at the end of period	22,833
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$11.83
End of period	$16.17
Accumulation units outstanding at the end of period	9,691
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$18.00
End of period	$23.07
Accumulation units outstanding at the end of period	6,088
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.58
End of period	$14.02
Accumulation units outstanding at the end of period	28,449
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$18.70
End of period	$17.67
Accumulation units outstanding at the end of period	13,540
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	$9.25
End of period	$11.57
Accumulation units outstanding at the end of period	36,431
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$16.14
End of period	$21.63
Accumulation units outstanding at the end of period	11,851
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$5.76
End of period	$6.83
Accumulation units outstanding at the end of period	7,511
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$13.39
End of period	$18.50
Accumulation units outstanding at the end of period	3,155
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.52
End of period	$9.82
Accumulation units outstanding at the end of period	5,849
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$13.73
End of period	$18.94
Accumulation units outstanding at the end of period	3,040
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$11.86
End of period	$15.30
Accumulation units outstanding at the end of period	7,174
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$30.40
End of period	$37.32
Accumulation units outstanding at the end of period	1,357
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$6.91
End of period	$8.53
Accumulation units outstanding at the end of period	5,531
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$18.24
End of period	$17.49
Accumulation units outstanding at the end of period	27,936
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.41
End of period	$10.64
Accumulation units outstanding at the end of period	70,061
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$16.79
End of period	$17.79
Accumulation units outstanding at the end of period	24,582
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.19
End of period	$18.46
Accumulation units outstanding at the end of period	15,991
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$12.05
End of period	$15.44
Accumulation units outstanding at the end of period	22,789
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.36
End of period	$12.66
Accumulation units outstanding at the end of period	8,081
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$14.92
End of period	$17.91
Accumulation units outstanding at the end of period	18,748
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$12.88
End of period	$13.93
Accumulation units outstanding at the end of period	54,698
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$15.01
End of period	$17.03
Accumulation units outstanding at the end of period	13,580
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$47.17
End of period	$63.05
Accumulation units outstanding at the end of period	3,428
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.17
End of period	$9.97
Accumulation units outstanding at the end of period	60,068
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$28.01
End of period	$32.74
Accumulation units outstanding at the end of period	9,523
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 2.11%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.24
End of period	$16.46
Accumulation units outstanding at the end of period	1,456
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$11.00
End of period	$14.27
Accumulation units outstanding at the end of period	5,675
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$10.90
End of period	$10.36
Accumulation units outstanding at the end of period	562
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	$10.01
End of period	$12.54
Accumulation units outstanding at the end of period	2,214
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$11.19
End of period	$12.18
Accumulation units outstanding at the end of period	2,369
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.28
End of period	$14.69
Accumulation units outstanding at the end of period	7,856
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.31
End of period	$12.23
Accumulation units outstanding at the end of period	396
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$10.80
End of period	$11.73
Accumulation units outstanding at the end of period	5,338
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$9.83
End of period	$10.54
Accumulation units outstanding at the end of period	1,301
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.41
End of period	$11.65
Accumulation units outstanding at the end of period	2,907
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.02
End of period	$14.53
Accumulation units outstanding at the end of period	1,652
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$16.45
End of period	$21.77
Accumulation units outstanding at the end of period	605
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$27.13
End of period	$34.66
Accumulation units outstanding at the end of period	850
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.59
End of period	$7.91
Accumulation units outstanding at the end of period	167
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.21
End of period	$6.90
Accumulation units outstanding at the end of period	1,386
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.60
End of period	$11.76
Accumulation units outstanding at the end of period	307
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$11.75
End of period	$13.12
Accumulation units outstanding at the end of period	2,941
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$8.75
End of period	$10.99
Accumulation units outstanding at the end of period	245
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$13.44
End of period	$17.69
Accumulation units outstanding at the end of period	1,099
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.58
End of period	$14.01
Accumulation units outstanding at the end of period	5,048
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$23.22
End of period	$32.30
Accumulation units outstanding at the end of period	611
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$16.11
End of period	$21.59
Accumulation units outstanding at the end of period	2,210
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$13.36
End of period	$18.46
Accumulation units outstanding at the end of period	827
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$30.34
End of period	$37.24
Accumulation units outstanding at the end of period	1,082
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$17.46
End of period	$22.74
Accumulation units outstanding at the end of period	287
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$11.53
End of period	$14.86
Accumulation units outstanding at the end of period	2,740
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$13.89
End of period	$17.17
Accumulation units outstanding at the end of period	993
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.40
End of period	$12.82
Accumulation units outstanding at the end of period	3,107
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$18.20
End of period	$17.45
Accumulation units outstanding at the end of period	15,597
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.41
End of period	$10.63
Accumulation units outstanding at the end of period	25,391
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$16.75
End of period	$17.74
Accumulation units outstanding at the end of period	731
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.12
End of period	$17.04
Accumulation units outstanding at the end of period	1,522
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.48
End of period	$18.33
Accumulation units outstanding at the end of period	76
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$30.38
End of period	$41.25
Accumulation units outstanding at the end of period	4,023
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$47.04
End of period	$62.88
Accumulation units outstanding at the end of period	1,972
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$27.94
End of period	$32.64
Accumulation units outstanding at the end of period	1,597
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$11.11
End of period	$10.88
Accumulation units outstanding at the end of period	28,170
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 2.132%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 2.16%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 2.185%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$9.79
End of period	$10.49
Accumulation units outstanding at the end of period	471
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$26.80
End of period	$34.21
Accumulation units outstanding at the end of period	158
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$22.24
End of period	$21.53
Accumulation units outstanding at the end of period	258
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$13.77
End of period	$13.85
Accumulation units outstanding at the end of period	90
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$17.76
End of period	$22.75
Accumulation units outstanding at the end of period	176
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.55
End of period	$13.97
Accumulation units outstanding at the end of period	272
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$13.22
End of period	$18.26
Accumulation units outstanding at the end of period	787
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	$10.07
End of period	$13.71
Accumulation units outstanding at the end of period	2,100
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.43
End of period	$9.69
Accumulation units outstanding at the end of period	1,485
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$13.56
End of period	$18.69
Accumulation units outstanding at the end of period	754
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$30.03
End of period	$36.83
Accumulation units outstanding at the end of period	34
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$11.43
End of period	$14.73
Accumulation units outstanding at the end of period	3,910
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$6.82
End of period	$8.42
Accumulation units outstanding at the end of period	1,739
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.34
End of period	$12.75
Accumulation units outstanding at the end of period	1,231
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.07
End of period	$16.96
Accumulation units outstanding at the end of period	3,352
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.44
End of period	$18.25
Accumulation units outstanding at the end of period	3,997
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$12.78
End of period	$13.81
Accumulation units outstanding at the end of period	178
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$46.42
End of period	$62.00
Accumulation units outstanding at the end of period	20
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$15.19
End of period	$20.38
Accumulation units outstanding at the end of period	705
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 2.245%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	$10.34
End of period	$11.84
Accumulation units outstanding at the end of period	6,698
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	$14.33
End of period	$15.96
Accumulation units outstanding at the end of period	7,050
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	$14.91
End of period	$16.39
Accumulation units outstanding at the end of period	4,811
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	$15.16
End of period	$16.36
Accumulation units outstanding at the end of period	8,227
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	$10.26
End of period	$11.57
Accumulation units outstanding at the end of period	1,964
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	$10.96
End of period	$14.20
Accumulation units outstanding at the end of period	23,395
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	$10.86
End of period	$10.31
Accumulation units outstanding at the end of period	68,181
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	$9.98
End of period	$12.48
Accumulation units outstanding at the end of period	1,129
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	$10.78
End of period	$12.15
Accumulation units outstanding at the end of period	5,005
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	$11.24
End of period	$14.62
Accumulation units outstanding at the end of period	34,150
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	$10.27
End of period	$12.17
Accumulation units outstanding at the end of period	5,944
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	$10.76
End of period	$11.67
Accumulation units outstanding at the end of period	10,244
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	$9.75
End of period	$10.44
Accumulation units outstanding at the end of period	32,862
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	$10.38
End of period	$11.60
Accumulation units outstanding at the end of period	202,057
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	$12.01
End of period	$14.49
Accumulation units outstanding at the end of period	1,169
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	$11.12
End of period	$12.56
Accumulation units outstanding at the end of period	3,200
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	$24.73
End of period	$29.80
Accumulation units outstanding at the end of period	22,287
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	$16.09
End of period	$21.27
Accumulation units outstanding at the end of period	1,946
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	$26.54
End of period	$33.86
Accumulation units outstanding at the end of period	20,068
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	$8.54
End of period	$7.84
Accumulation units outstanding at the end of period	3,316
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	$7.16
End of period	$6.84
Accumulation units outstanding at the end of period	15,623
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	$9.26
End of period	$11.23
Accumulation units outstanding at the end of period	10,617
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	$8.39
End of period	$10.70
Accumulation units outstanding at the end of period	6,072
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	$11.58
End of period	$11.73
Accumulation units outstanding at the end of period	2,314
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	$11.64
End of period	$12.99
Accumulation units outstanding at the end of period	163,366
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	$8.14
End of period	$10.53
Accumulation units outstanding at the end of period	273
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	$8.68
End of period	$10.89
Accumulation units outstanding at the end of period	12,825
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	$13.30
End of period	$17.48
Accumulation units outstanding at the end of period	2,793
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	$22.01
End of period	$21.29
Accumulation units outstanding at the end of period	19,454
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	$13.27
End of period	$17.22
Accumulation units outstanding at the end of period	7,031
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	$8.58
End of period	$11.26
Accumulation units outstanding at the end of period	5,948
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	$13.71
End of period	$13.77
Accumulation units outstanding at the end of period	71,442
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	$15.15
End of period	$17.62
Accumulation units outstanding at the end of period	1,127
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	$11.63
End of period	$15.88
Accumulation units outstanding at the end of period	8,024
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	$17.60
End of period	$22.53
Accumulation units outstanding at the end of period	611
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	$15.97
End of period	$21.81
Accumulation units outstanding at the end of period	16,831
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	$11.52
End of period	$13.93
Accumulation units outstanding at the end of period	147,901
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	$11.48
End of period	$13.63
Accumulation units outstanding at the end of period	3,640
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	$22.68
End of period	$31.49
Accumulation units outstanding at the end of period	977
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	$18.21
End of period	$17.18
Accumulation units outstanding at the end of period	27,608
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	$13.17
End of period	$13.45
Accumulation units outstanding at the end of period	90
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	$9.17
End of period	$11.45
Accumulation units outstanding at the end of period	50,664
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	$15.82
End of period	$21.17
Accumulation units outstanding at the end of period	31,323
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	$13.12
End of period	$12.47
Accumulation units outstanding at the end of period	4,379
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	$5.65
End of period	$6.68
Accumulation units outstanding at the end of period	12,805
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	$13.12
End of period	$18.10
Accumulation units outstanding at the end of period	10,347
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	$9.71
End of period	$12.39
Accumulation units outstanding at the end of period	31,187
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	$10.36
End of period	$9.71
Accumulation units outstanding at the end of period	8,150
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	$11.37
End of period	$14.52
Accumulation units outstanding at the end of period	2,364
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	$7.37
End of period	$9.60
Accumulation units outstanding at the end of period	14,569
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	$14.11
End of period	$15.63
Accumulation units outstanding at the end of period	458
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	$13.45
End of period	$18.53
Accumulation units outstanding at the end of period	27,879
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	$9.99
End of period	$12.08
Accumulation units outstanding at the end of period	4,336
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	$14.21
End of period	$16.87
Accumulation units outstanding at the end of period	3,763
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	$11.72
End of period	$15.09
Accumulation units outstanding at the end of period	34,469
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	$9.22
End of period	$11.92
Accumulation units outstanding at the end of period	167
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	$12.51
End of period	$17.26
Accumulation units outstanding at the end of period	18,286
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	$6.58
End of period	$7.92
Accumulation units outstanding at the end of period	1,886
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	$29.79
End of period	$36.51
Accumulation units outstanding at the end of period	16,108
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	$13.45
End of period	$14.81
Accumulation units outstanding at the end of period	5,731
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	$10.40
End of period	$14.29
Accumulation units outstanding at the end of period	10,576
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	$17.21
End of period	$22.38
Accumulation units outstanding at the end of period	13,989
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	$11.36
End of period	$14.62
Accumulation units outstanding at the end of period	18,379
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	$11.25
End of period	$15.05
Accumulation units outstanding at the end of period	3,665
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	$14.95
End of period	$20.23
Accumulation units outstanding at the end of period	10,012
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	$6.77
End of period	$8.35
Accumulation units outstanding at the end of period	78,474
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	$9.67
End of period	$12.75
Accumulation units outstanding at the end of period	11,524
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	$10.38
End of period	$10.14
Accumulation units outstanding at the end of period	5,753
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	$13.67
End of period	$16.88
Accumulation units outstanding at the end of period	7,791
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	$14.29
End of period	$12.70
Accumulation units outstanding at the end of period	44,512
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	$17.84
End of period	$17.08
Accumulation units outstanding at the end of period	107,349
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	$10.38
End of period	$10.59
Accumulation units outstanding at the end of period	171,617
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	$16.42
End of period	$17.37
Accumulation units outstanding at the end of period	104,654
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	$10.55
End of period	$14.55
Accumulation units outstanding at the end of period	4,055
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	$10.69
End of period	$14.36
Accumulation units outstanding at the end of period	4,354
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	$16.79
End of period	$23.02
Accumulation units outstanding at the end of period	3,583
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	$12.03
End of period	$16.90
Accumulation units outstanding at the end of period	41,310
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	$13.09
End of period	$18.30
Accumulation units outstanding at the end of period	37,008
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	$11.96
End of period	$15.30
Accumulation units outstanding at the end of period	110,685
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	$12.40
End of period	$18.18
Accumulation units outstanding at the end of period	10,891
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	$12.21
End of period	$12.48
Accumulation units outstanding at the end of period	88,211
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	$14.59
End of period	$17.49
Accumulation units outstanding at the end of period	66,596
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	$12.72
End of period	$13.74
Accumulation units outstanding at the end of period	198,269
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	$14.68
End of period	$16.63
Accumulation units outstanding at the end of period	79,472
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	$10.48
End of period	$15.55
Accumulation units outstanding at the end of period	11,496
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	$29.67
End of period	$40.23
Accumulation units outstanding at the end of period	9,937
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	$45.94
End of period	$61.31
Accumulation units outstanding at the end of period	21,156
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	$10.07
End of period	$9.85
Accumulation units outstanding at the end of period	223,184
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	$15.08
End of period	$20.22
Accumulation units outstanding at the end of period	10,716
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	$27.28
End of period	$31.83
Accumulation units outstanding at the end of period	42,543
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	$10.85
End of period	$10.60
Accumulation units outstanding at the end of period	528,227
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	$20.36
End of period	$26.09
Accumulation units outstanding at the end of period	931

Accumulation Unit Values
Contract with Endorsements - 2.295%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 2.395%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 2.432%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

Accumulation Unit Values
Contract with Endorsements - 2.532%
Investment Divisions	December 31,
	2013
JNL Disciplined Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Disciplined Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 20 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 35 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL Institutional Alt 50 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Balanced Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Blue Chip Income and Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/American Funds Global Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Global Small Capitalization Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds Growth-Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds International Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/American Funds New World Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Commodity Securities Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/BlackRock Global Allocation Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/BlackRock Large Cap Select Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Brookfield Global Infrastructure Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Capital Guardian Global Diversified Research Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/DFA U.S. Core Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eagle SmallCap Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments Asia ex-Japan Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Eastspring Investments China-India Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Franklin Templeton Founding Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Global Multisector Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton International Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Mutual Shares Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Franklin Templeton Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs Core Plus Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Goldman Sachs Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Goldman Sachs U.S. Equity Flex Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Global Real Estate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco International Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Large Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Invesco Small Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Ivy Asset Strategy Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/JPMorgan International Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan MidCap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/JPMorgan U.S. Government & Quality Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/M&G Global Basics Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Mellon Capital (MC) 10 x 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Bond Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Communications Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Consumer Brands Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow 10 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Emerging Markets Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC European 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Financial Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Global 15 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Healthcare Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC Index 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC International Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC JNL Optimized 5 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Nasdaq 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC NYSE International 25 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Oil & Gas Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Pacific Rim 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/MC S&P 24 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 400 MidCap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P 500 Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC S&P SMid 60 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Small Cap Index Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Technology Sector Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/MC Value Line 30 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Morgan Stanley Mid Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/Neuberger Berman Strategic Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/Oppenheimer Global Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Real Return Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PIMCO Total Return Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Floating Rate Income Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America High Yield Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Mid Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/PPM America Small Cap Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/PPM America Value Equity Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P 4 Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Competitive Advantage Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Dividend Income & Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Intrinsic Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Aggressive Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Conservative Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/S&P Managed Moderate Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Managed Moderate Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/S&P Total Yield Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Established Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Mid-Cap Growth Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Short-Term Bond Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/T. Rowe Price Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Balanced Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
Investment Divisions	December 31,
	2013
JNL/WMC Money Market Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A
JNL/WMC Value Division
Accumulation unit value:
Beginning of period	N/A
End of period	N/A
Accumulation units outstanding at the end of period	N/A

APPENDIX A

Jackson National Separate Account I

Financial Statements

December 31, 2013

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	CG - Conservative Fund		CG - Equity 100 Fund		CG - Equity Income Fund		CG - Fixed Income 100 Fund		CG - Growth Fund		CG - Institutional Alt 100 Conservative Fund		CG - Institutional Alt 100 Growth Fund		CG - Institutional Alt 100 Moderate Fund		CG - Institutional Alt 65 Fund		CG - Interest Rate Opportunities Fund
Assets
Investments, at fair value (a)	$	55,255,419	$	49,262,282	$	43,192,367	$	22,059,048	$	43,815,918	$	17,738,505	$	37,070,387	$	275,259,838	$	107,396,269	$	28,938,249
Receivables:
Investments in Fund shares sold		4,370		5,320		1,677		4,592		1,870		644		2,539		43,184		4,021		5,976
Investment Division units sold		13,258		365,108		83,933		20,918		408,022		15,434		246,242		182,532		100,794		127,080
Total assets		55,273,047		49,632,710		43,277,977		22,084,558		44,225,810		17,754,583		37,319,168		275,485,554		107,501,084		29,071,305
Liabilities
Payables:
Investments in Fund shares purchased		13,258		365,108		83,933		20,918		408,022		15,434		246,242		182,532		100,794		127,080
Investment Division units redeemed		2,712		3,917		397		3,931		654		120		1,483		35,253		920		5,123
Insurance fees due to Jackson		1,658		1,403		1,280		661		1,216		524		1,056		7,931		3,101		853
Total liabilities		17,628		370,428		85,610		25,510		409,892		16,078		248,781		225,716		104,815		133,056
Net assets (Note 7)	$	55,255,419	$	49,262,282	$	43,192,367	$	22,059,048	$	43,815,918	$	17,738,505	$	37,070,387	$	275,259,838	$	107,396,269	$	28,938,249
(a)  Investments in Funds, shares outstanding		5,193,179		3,757,611		3,540,358		2,253,223		4,005,111		1,773,850		3,641,492		25,967,909		9,504,095		2,940,879
Investments in Funds, at cost	$	54,986,556	$	43,617,363	$	38,969,052	$	22,504,781	$	41,546,580	$	17,531,859	$	36,157,705	$	266,673,393	$	100,573,864	$	28,575,128

See notes to the financial statements.

Page 1

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	CG - International Opportunities Conservative Fund		CG - International Opportunities Growth Fund		CG - International Opportunities Moderate Fund		CG - Maximum Growth Fund		CG - Moderate Fund		CG - Moderate Growth Fund		CG - Multi-Strategy Income Fund		CG - Real Assets Fund		CG - Tactical Maximum Growth Fund		CG - Tactical Moderate Growth Fund
Assets
Investments, at fair value (a)	$	1,844,020	$	4,523,603	$	4,824,711	$	65,550,919	$	172,058,654	$	252,988,721	$	20,207,299	$	4,998,604	$	66,139,049	$	228,187,759
Receivables:
Investments in Fund shares sold		56		133		139		28,619		63,689		11,984		7,538		629		134,290		92,949
Investment Division units sold		4,000		-		9,277		91,743		294,138		522,624		81,152		22,285		136,274		370,157
Total assets		1,848,076		4,523,736		4,834,127		65,671,281		172,416,481		253,523,329		20,295,989		5,021,518		66,409,613		228,650,865
Liabilities
Payables:
Investments in Fund shares purchased		4,000		-		9,277		91,743		294,138		522,624		81,152		22,285		136,274		370,157
Investment Division units redeemed		-		3		-		26,763		58,634		4,702		6,946		484		132,431		86,423
Insurance fees due to Jackson		56		130		139		1,856		5,055		7,282		592		145		1,859		6,526
Total liabilities		4,056		133		9,416		120,362		357,827		534,608		88,690		22,914		270,564		463,106
Net assets (Note 7)	$	1,844,020	$	4,523,603	$	4,824,711	$	65,550,919	$	172,058,654	$	252,988,721	$	20,207,299	$	4,998,604	$	66,139,049	$	228,187,759
(a)  Investments in Funds, shares outstanding		187,974		443,926		481,989		5,329,343		14,618,407		21,549,295		2,076,804		504,909		5,590,790		19,705,333
Investments in Funds, at cost	$	1,814,880	$	4,337,143	$	4,717,402	$	57,917,118	$	161,396,254	$	235,054,005	$	19,997,526	$	4,936,401	$	59,154,633	$	211,595,967

See notes to the financial statements.

Page 2

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	Curian Dynamic Risk Advantage - Diversified Fund		Curian Dynamic Risk Advantage - Growth Fund		Curian Dynamic Risk Advantage - Income Fund		Curian Focused International Equity Fund		Curian Focused U.S. Equity Fund		Curian Long Short Credit Fund		Curian Tactical Advantage 35 Fund		Curian Tactical Advantage 60 Fund		Curian Tactical Advantage 75 Fund		Curian/Aberdeen Latin America Fund
Assets
Investments, at fair value (a)	$	238,699,935	$	55,489,483	$	149,063,666	$	424,533	$	537,789	$	5,576,247	$	32,732,046	$	80,234,581	$	70,581,418	$	1,215,921
Receivables:
Investments in Fund shares sold		196,136		19,445		72,467		12		16		15,668		1,028		3,851		57,349		2,588
Investment Division units sold		153,137		21,349		188,729		12,550		-		6,619		53,146		174,991		92,089		1,100
Total assets		239,049,208		55,530,277		149,324,862		437,095		537,805		5,598,534		32,786,220		80,413,423		70,730,856		1,219,609
Liabilities
Payables:
Investments in Fund shares purchased		153,137		21,349		188,729		12,550		-		6,619		53,146		174,991		92,089		1,100
Investment Division units redeemed		189,141		17,849		68,055		-		-		15,496		67		1,515		55,322		2,554
Insurance fees due to Jackson		6,995		1,596		4,412		12		16		172		961		2,336		2,027		34
Total liabilities		349,273		40,794		261,196		12,562		16		22,287		54,174		178,842		149,438		3,688
Net assets (Note 7)	$	238,699,935	$	55,489,483	$	149,063,666	$	424,533	$	537,789	$	5,576,247	$	32,732,046	$	80,234,581	$	70,581,418	$	1,215,921
(a)  Investments in Funds, shares outstanding		23,401,954		5,915,723		14,374,510		40,355		49,024		548,304		2,972,938		6,776,569		5,687,463		146,850
Investments in Funds, at cost	$	238,315,609	$	56,608,615	$	148,358,313	$	415,410	$	514,195	$	5,410,518	$	31,189,887	$	73,724,110	$	63,284,027	$	1,291,370

See notes to the financial statements.

Page 3

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	Curian/American Funds Global Growth Fund		Curian/American Funds Growth Fund		Curian/AQR Risk Parity Fund		Curian/Ashmore Emerging Market Small Cap Equity Fund		Curian/Baring International Fixed Income Fund		Curian/BlackRock Global Long Short Credit Fund		Curian/DFA U.S. Micro Cap Fund		Curian/DoubleLine Total Return Fund		Curian/Eaton Vance Global Macro Absolute Return Advantage Fund		Curian/Epoch Global Shareholder Yield Fund
Assets
Investments, at fair value (a)	$	5,062,821	$	45,213,753	$	1,348,020	$	1,527,108	$	1,210,323	$	22,308,296	$	16,188,484	$	5,167,164	$	7,451,445	$	15,590,221
Receivables:
Investments in Fund shares sold		142		1,501		41		44		36		90,604		31,055		150		37,424		2,839
Investment Division units sold		35,690		67,185		6,792		883		-		113,244		43,524		78,146		11,455		13,827
Total assets		5,098,653		45,282,439		1,354,853		1,528,035		1,210,359		22,512,144		16,263,063		5,245,460		7,500,324		15,606,887
Liabilities
Payables:
Investments in Fund shares purchased		35,690		67,185		6,792		883		-		113,244		43,524		78,146		11,455		13,827
Investment Division units redeemed		-		220		2		-		-		89,944		30,586		-		37,197		2,389
Insurance fees due to Jackson		142		1,281		39		44		36		660		469		150		227		450
Total liabilities		35,832		68,686		6,833		927		36		203,848		74,579		78,296		48,879		16,666
Net assets (Note 7)	$	5,062,821	$	45,213,753	$	1,348,020	$	1,527,108	$	1,210,323	$	22,308,296	$	16,188,484	$	5,167,164	$	7,451,445	$	15,590,221
(a)  Investments in Funds, shares outstanding		460,256		3,273,986		133,998		146,837		126,471		2,208,742		1,124,982		516,716		782,715		1,372,379
Investments in Funds, at cost	$	4,842,263	$	39,104,358	$	1,359,434	$	1,452,666	$	1,226,864	$	21,994,034	$	14,355,576	$	5,200,595	$	7,470,582	$	16,132,653

See notes to the financial statements.

Page 4

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	Curian/FAMCO Flex Core Covered Call Fund		Curian/Franklin Templeton Frontier Markets Fund		Curian/Franklin Templeton Natural Resources Fund		Curian/Lazard International Strategic Equity Fund		Curian/Neuberger Berman Currency Fund		Curian/Nicholas Convertible Arbitrage Fund		Curian/PIMCO Credit Income Fund		Curian/PineBridge Merger Arbitrage Fund		Curian/Schroder Emerging Europe Fund		Curian/T. Rowe Price Capital Appreciation Fund
Assets
Investments, at fair value (a)	$	59,229,238	$	10,523,693	$	19,294,478	$	3,438,085	$	10,983,665	$	40,484,175	$	19,395,476	$	63,826,261	$	1,538,985	$	9,228,428
Receivables:
Investments in Fund shares sold		6,065		353		600		98		334		17,630		10,513		23,919		43		1,601
Investment Division units sold		228,860		22,909		10,600		19,134		5,207		116,047		23,333		47,487		55,710		92,766
Total assets		59,464,163		10,546,955		19,305,678		3,457,317		10,989,206		40,617,852		19,429,322		63,897,667		1,594,738		9,322,795
Liabilities
Payables:
Investments in Fund shares purchased		228,860		22,909		10,600		19,134		5,207		116,047		23,333		47,487		55,710		92,766
Investment Division units redeemed		4,331		54		44		-		14		16,444		9,953		22,049		-		1,330
Insurance fees due to Jackson		1,734		299		556		98		320		1,186		560		1,870		43		271
Total liabilities		234,925		23,262		11,200		19,232		5,541		133,677		33,846		71,406		55,753		94,367
Net assets (Note 7)	$	59,229,238	$	10,523,693	$	19,294,478	$	3,438,085	$	10,983,665	$	40,484,175	$	19,395,476	$	63,826,261	$	1,538,985	$	9,228,428
(a)  Investments in Funds, shares outstanding		5,218,435		851,431		2,024,604		296,387		1,120,782		3,837,363		1,907,126		6,338,258		149,416		878,062
Investments in Funds, at cost	$	56,170,471	$	9,692,466	$	18,206,301	$	3,203,902	$	11,200,221	$	40,166,822	$	19,960,316	$	63,936,289	$	1,541,742	$	9,066,485

See notes to the financial statements.

Page 5

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	Curian/The Boston Company Equity Income Fund		Curian/The Boston Company Multi-Alpha Market Neutral Equity Fund		Curian/UBS Global Long Short Fixed Income Opportunities Fund		Curian/Urdang International REIT Fund		Curian/Van Eck International Gold Fund		JNL Disciplined Growth Fund		JNL Disciplined Moderate Fund		JNL Disciplined Moderate Growth Fund		JNL Institutional Alt 20 Fund		JNL Institutional Alt 35 Fund
Assets
Investments, at fair value (a)	$	28,342,432	$	18,424,316	$	7,719,540	$	3,063,702	$	11,291,223	$	521,713,292	$	1,026,832,403	$	1,216,735,393	$	1,697,532,924	$	2,315,266,549
Receivables:
Investments in Fund shares sold		3,771		4,999		14,295		578		369		112,092		249,402		186,103		874,382		1,272,012
Investment Division units sold		97,009		8,905		9,879		6,360		39,103		621,218		528,741		602,743		266,158		550,595
Total assets		28,443,212		18,438,220		7,743,714		3,070,640		11,330,695		522,446,602		1,027,610,546		1,217,524,239		1,698,673,464		2,317,089,156
Liabilities
Payables:
Investments in Fund shares purchased		97,009		8,905		9,879		6,360		39,103		621,218		528,741		602,743		266,158		550,595
Investment Division units redeemed		2,946		4,463		14,065		489		46		91,103		208,185		137,721		807,776		1,179,572
Insurance fees due to Jackson		825		536		230		89		323		20,989		41,217		48,382		66,606		92,440
Total liabilities		100,780		13,904		24,174		6,938		39,472		733,310		778,143		788,846		1,140,540		1,822,607
Net assets (Note 7)	$	28,342,432	$	18,424,316	$	7,719,540	$	3,063,702	$	11,291,223	$	521,713,292	$	1,026,832,403	$	1,216,735,393	$	1,697,532,924	$	2,315,266,549
(a)  Investments in Funds, shares outstanding		2,118,268		1,827,809		775,054		333,737		2,407,510		47,951,589		85,002,682		104,620,412		104,207,055		139,389,919
Investments in Funds, at cost	$	27,085,151	$	18,390,974	$	7,740,536	$	3,055,557	$	15,636,785	$	441,493,433	$	888,934,111	$	1,014,413,677	$	1,496,366,226	$	2,072,466,006

See notes to the financial statements.

Page 6

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	JNL Institutional Alt 50 Fund		JNL Institutional Alt 65 Fund		JNL/American Funds Balanced Allocation Fund		JNL/American Funds Blue Chip Income and Growth Fund		JNL/American Funds Global Bond Fund		JNL/American Funds Global Small Capitalization Fund		JNL/American Funds Growth Allocation Fund		JNL/American Funds Growth-Income Fund		JNL/American Funds International Fund		JNL/American Funds New World Fund
Assets
Investments, at fair value (a)	$	3,197,208,283	$	746,748,398	$	439,310,178	$	1,145,062,654	$	433,086,282	$	316,078,255	$	357,689,205	$	1,561,325,247	$	531,620,516	$	617,703,585
Receivables:
Investments in Fund shares sold		1,633,513		567,808		120,450		283,638		134,614		284,963		107,043		301,788		110,836		161,698
Investment Division units sold		2,025,041		79,591		1,042,919		663,282		556,633		250,673		1,552,768		2,285,284		668,020		594,188
Total assets		3,200,866,837		747,395,797		440,473,547		1,146,009,574		433,777,529		316,613,891		359,349,016		1,563,912,319		532,399,372		618,459,471
Liabilities
Payables:
Investments in Fund shares purchased		2,025,041		79,591		1,042,919		663,282		556,633		250,673		1,552,768		2,285,284		668,020		594,188
Investment Division units redeemed		1,503,750		537,275		102,808		237,800		116,837		272,342		92,781		240,331		89,971		136,841
Insurance fees due to Jackson		129,763		30,533		17,642		45,838		17,777		12,621		14,262		61,457		20,865		24,857
Total liabilities		3,658,554		647,399		1,163,369		946,920		691,247		535,636		1,659,811		2,587,072		778,856		755,886
Net assets (Note 7)	$	3,197,208,283	$	746,748,398	$	439,310,178	$	1,145,062,654	$	433,086,282	$	316,078,255	$	357,689,205	$	1,561,325,247	$	531,620,516	$	617,703,585
(a)  Investments in Funds, shares outstanding		190,423,364		46,067,144		36,793,147		76,439,429		41,089,780		23,945,322		28,478,440		100,277,794		41,339,076		49,935,617
Investments in Funds, at cost	$	2,917,827,131	$	703,632,541	$	397,951,043	$	890,654,901	$	449,007,213	$	260,324,205	$	317,478,778	$	1,203,437,965	$	444,196,212	$	547,065,112

See notes to the financial statements.

Page 7

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	JNL/AQR Managed Futures Strategy Fund		JNL/BlackRock Commodity Securities Strategy Fund		JNL/BlackRock Global Allocation Fund		JNL/BlackRock Large Cap Select Growth Fund		JNL/Brookfield Global Infrastructure Fund		JNL/Capital Guardian Global Balanced Fund		JNL/Capital Guardian Global Diversified Research Fund		JNL/DFA U.S. Core Equity Fund		JNL/Eagle SmallCap Equity Fund		JNL/Eastspring Investments Asia ex-Japan Fund
Assets
Investments, at fair value (a)	$	75,698,680	$	959,276,176	$	2,635,570,638	$	596,970,897	$	395,362,294	$	460,256,914	$	402,702,145	$	370,944,184	$	1,131,303,126	$	123,980,626
Receivables:
Investments in Fund shares sold		63,993		359,270		533,809		242,676		113,529		172,403		149,984		128,005		635,865		81,413
Investment Division units sold		425,210		433,422		2,895,539		440,224		879,926		108,995		113,543		505,926		690,807		175,552
Total assets		76,187,883		960,068,868		2,638,999,986		597,653,797		396,355,749		460,538,312		402,965,672		371,578,115		1,132,629,798		124,237,591
Liabilities
Payables:
Investments in Fund shares purchased		425,210		433,422		2,895,539		440,224		879,926		108,995		113,543		505,926		690,807		175,552
Investment Division units redeemed		61,789		320,070		429,930		218,727		98,474		153,457		133,414		113,358		589,381		76,269
Insurance fees due to Jackson		2,204		39,200		103,879		23,949		15,055		18,946		16,570		14,647		46,484		5,144
Total liabilities		489,203		792,692		3,429,348		682,900		993,455		281,398		263,527		633,931		1,326,672		256,965
Net assets (Note 7)	$	75,698,680	$	959,276,176	$	2,635,570,638	$	596,970,897	$	395,362,294	$	460,256,914	$	402,702,145	$	370,944,184	$	1,131,303,126	$	123,980,626
(a)  Investments in Funds, shares outstanding		7,349,386		85,956,647		213,406,529		21,535,747		26,731,730		40,730,700		13,011,378		35,193,945		38,889,760		16,399,554
Investments in Funds, at cost	$	74,051,230	$	881,243,105	$	2,327,339,124	$	462,655,912	$	353,838,315	$	391,358,816	$	299,939,580	$	306,796,153	$	895,755,259	$	131,175,380

See notes to the financial statements.

Page 8

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	JNL/Eastspring Investments China-India Fund		JNL/Franklin Templeton Founding Strategy Fund		JNL/Franklin Templeton Global Growth Fund		JNL/Franklin Templeton Global Multisector Bond Fund		JNL/Franklin Templeton Income Fund		JNL/Franklin Templeton International Small Cap Growth Fund		JNL/Franklin Templeton Mutual Shares Fund		JNL/Franklin Templeton Small Cap Value Fund		JNL/Goldman Sachs Core Plus Bond Fund		JNL/Goldman Sachs Emerging Markets Debt Fund
Assets
Investments, at fair value (a)	$	329,053,904	$	1,467,587,680	$	439,451,016	$	600,386,079	$	1,556,741,477	$	419,450,632	$	559,364,629	$	563,849,197	$	605,070,038	$	238,604,858
Receivables:
Investments in Fund shares sold		170,739		1,250,635		146,660		518,218		1,056,978		1,048,234		285,785		421,938		247,924		77,870
Investment Division units sold		217,568		1,463,455		563,701		659,988		1,535,169		619,207		355,387		968,553		237,056		111,948
Total assets		329,442,211		1,470,301,770		440,161,377		601,564,285		1,559,333,624		421,118,073		560,005,801		565,239,688		605,555,018		238,794,676
Liabilities
Payables:
Investments in Fund shares purchased		217,568		1,463,455		563,701		659,988		1,535,169		619,207		355,387		968,553		237,056		111,948
Investment Division units redeemed		157,169		1,189,412		128,666		493,796		993,243		1,031,247		262,903		398,914		223,187		68,376
Insurance fees due to Jackson		13,570		61,223		17,994		24,422		63,735		16,987		22,882		23,024		24,737		9,494
Total liabilities		388,307		2,714,090		710,361		1,178,206		2,592,147		1,667,441		641,172		1,390,491		484,980		189,818
Net assets (Note 7)	$	329,053,904	$	1,467,587,680	$	439,451,016	$	600,386,079	$	1,556,741,477	$	419,450,632	$	559,364,629	$	563,849,197	$	605,070,038	$	238,604,858
(a)  Investments in Funds, shares outstanding		46,085,981		123,847,062		37,656,471		50,073,901		132,714,533		37,517,946		47,727,357		33,946,369		52,890,738		20,820,668
Investments in Funds, at cost	$	335,257,032	$	1,146,683,448	$	352,104,741	$	587,981,504	$	1,404,965,449	$	329,811,044	$	425,555,114	$	424,124,094	$	652,192,219	$	271,463,254

See notes to the financial statements.

Page 9

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	JNL/Goldman Sachs Mid Cap Value Fund		JNL/Goldman Sachs U.S. Equity Flex Fund		JNL/Invesco Global Real Estate Fund		JNL/Invesco International Growth Fund		JNL/Invesco Large Cap Growth Fund		JNL/Invesco Mid Cap Value Fund		JNL/Invesco Small Cap Growth Fund		JNL/Ivy Asset Strategy Fund		JNL/JPMorgan International Value Fund		JNL/JPMorgan MidCap Growth Fund
Assets
Investments, at fair value (a)	$	553,902,704	$	186,128,194	$	925,174,677	$	528,458,158	$	511,566,374	$	259,709,168	$	475,735,679	$	2,907,754,831	$	439,949,941	$	519,827,016
Receivables:
Investments in Fund shares sold		253,750		106,103		387,862		393,749		337,050		258,600		289,626		1,528,185		666,693		220,643
Investment Division units sold		505,790		93,809		928,031		398,059		257,823		129,452		1,866,182		2,494,636		425,868		1,189,801
Total assets		554,662,244		186,328,106		926,490,570		529,249,966		512,161,247		260,097,220		477,891,487		2,911,777,652		441,042,502		521,237,460
Liabilities
Payables:
Investments in Fund shares purchased		505,790		93,809		928,031		398,059		257,823		129,452		1,866,182		2,494,636		425,868		1,189,801
Investment Division units redeemed		230,956		98,317		350,369		372,717		316,014		247,942		270,283		1,410,910		648,365		199,764
Insurance fees due to Jackson		22,794		7,786		37,493		21,032		21,036		10,658		19,343		117,275		18,328		20,879
Total liabilities		759,540		199,912		1,315,893		791,808		594,873		388,052		2,155,808		4,022,821		1,092,561		1,410,444
Net assets (Note 7)	$	553,902,704	$	186,128,194	$	925,174,677	$	528,458,158	$	511,566,374	$	259,709,168	$	475,735,679	$	2,907,754,831	$	439,949,941	$	519,827,016
(a)  Investments in Funds, shares outstanding		45,967,029		16,213,257		94,117,465		41,189,256		30,651,071		17,030,109		24,284,619		192,439,102		52,625,591		16,736,221
Investments in Funds, at cost	$	516,329,889	$	140,360,673	$	875,989,942	$	442,314,267	$	412,561,425	$	201,202,052	$	377,536,312	$	2,297,291,301	$	400,497,429	$	388,424,664

See notes to the financial statements.

Page 10

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	JNL/JPMorgan U.S. Government & Quality Bond Fund		JNL/Lazard Emerging Markets Fund		JNL/M&G Global Basics Fund		JNL/M&G Global Leaders Fund		JNL/MC 10 x 10 Fund		JNL/MC 25 Fund		JNL/MC Bond Index Fund		JNL/MC Communications Sector Fund		JNL/MC Consumer Brands Sector Fund		JNL/MC Dow 10 Fund
Assets
Investments, at fair value (a)	$	544,462,648	$	592,311,175	$	62,755,661	$	-	$	352,150,730	$	943,196,265	$	526,102,665	$	127,353,880	$	494,514,423	$	584,281,808
Receivables:
Investments in Fund shares sold		783,167		353,230		48,360		-		964,256		742,235		283,797		590,757		437,290		759,431
Investment Division units sold		200,737		392,384		141,261		-		197,633		752,120		452,034		53,302		538,578		182,549
Total assets		545,446,552		593,056,789		62,945,282		-		353,312,619		944,690,620		526,838,496		127,997,939		495,490,291		585,223,788
Liabilities
Payables:
Investments in Fund shares purchased		200,737		392,384		141,261		-		197,633		752,120		452,034		53,302		538,578		182,549
Investment Division units redeemed		760,738		329,475		45,705		-		950,030		703,069		262,170		585,386		416,809		734,964
Insurance fees due to Jackson		22,429		23,755		2,655		-		14,226		39,166		21,627		5,371		20,481		24,467
Total liabilities		983,904		745,614		189,621		-		1,161,889		1,494,355		735,831		644,059		975,868		941,980
Net assets (Note 7)	$	544,462,648	$	592,311,175	$	62,755,661	$	-	$	352,150,730	$	943,196,265	$	526,102,665	$	127,353,880	$	494,514,423	$	584,281,808
(a)  Investments in Funds, shares outstanding		41,530,332		53,993,726		4,641,691		-		31,811,267		48,122,258		45,275,617		27,989,864		28,667,503		34,068,910
Investments in Funds, at cost	$	574,121,651	$	576,562,264	$	64,395,106	$	-	$	264,594,942	$	710,957,051	$	541,120,106	$	111,469,942	$	400,529,228	$	416,081,240

See notes to the financial statements.

Page 11

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	JNL/MC Dow Dividend Fund		JNL/MC Dow Jones U.S. Contrarian Opportunities Index Fund		JNL/MC Emerging Markets Index Fund		JNL/MC European 30 Fund		JNL/MC Financial Sector Fund		JNL/MC Global 15 Fund		JNL/MC Global Alpha Fund		JNL/MC Healthcare Sector Fund		JNL/MC Index 5 Fund		JNL/MC International Index Fund
Assets
Investments, at fair value (a)	$	-	$	61,671,970	$	384,617,165	$	133,956,863	$	438,276,905	$	412,419,672	$	45,948,819	$	985,261,740	$	648,974,887	$	730,995,366
Receivables:
Investments in Fund shares sold		-		213,864		505,105		41,690		195,276		345,642		13,163		1,113,796		392,368		553,991
Investment Division units sold		-		163,630		757,785		860,328		546,716		381,507		20,811		929,114		171,315		608,520
Total assets		-		62,049,464		385,880,055		134,858,881		439,018,897		413,146,821		45,982,793		987,304,650		649,538,570		732,157,877
Liabilities
Payables:
Investments in Fund shares purchased		-		163,630		757,785		860,328		546,716		381,507		20,811		929,114		171,315		608,520
Investment Division units redeemed		-		211,249		489,306		36,220		176,858		328,368		11,446		1,073,098		366,155		524,158
Insurance fees due to Jackson		-		2,615		15,799		5,470		18,418		17,274		1,717		40,698		26,213		29,833
Total liabilities		-		377,494		1,262,890		902,018		741,992		727,149		33,974		2,042,910		563,683		1,162,511
Net assets (Note 7)	$	-	$	61,671,970	$	384,617,165	$	133,956,863	$	438,276,905	$	412,419,672	$	45,948,819	$	985,261,740	$	648,974,887	$	730,995,366
(a)  Investments in Funds, shares outstanding		-		4,355,365		37,856,020		10,179,093		42,884,237		19,058,210		4,567,477		48,487,290		53,194,663		50,378,730
Investments in Funds, at cost	$	-	$	54,915,656	$	383,726,966	$	121,210,908	$	355,113,775	$	321,849,862	$	47,266,336	$	778,315,995	$	515,502,854	$	633,834,379

See notes to the financial statements.

Page 12

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	JNL/MC JNL 5 Fund		JNL/MC JNL Optimized 5 Fund		JNL/MC Nasdaq 25 Fund		JNL/MC NYSE International 25 Fund		JNL/MC Oil & Gas Sector Fund		JNL/MC Pacific Rim 30 Fund		JNL/MC S&P 10 Fund		JNL/MC S&P 24 Fund		JNL/MC S&P 400 MidCap Index Fund		JNL/MC S&P 500 Index Fund
Assets
Investments, at fair value (a)	$	3,120,294,271	$	397,388,251	$	385,253,200	$	74,064,689	$	1,103,184,553	$	91,438,626	$	-	$	391,819,757	$	1,090,083,547	$	2,360,164,741
Receivables:
Investments in Fund shares sold		3,946,088		558,233		618,173		38,295		809,756		47,113		-		366,652		847,996		1,861,828
Investment Division units sold		415,150		69,490		987,196		48,585		406,185		541,340		-		167,066		1,115,241		2,441,239
Total assets		3,124,655,509		398,015,974		386,858,569		74,151,569		1,104,400,494		92,027,079		-		392,353,475		1,092,046,784		2,364,467,808
Liabilities
Payables:
Investments in Fund shares purchased		415,150		69,490		987,196		48,585		406,185		541,340		-		167,066		1,115,241		2,441,239
Investment Division units redeemed		3,814,735		541,397		602,083		35,200		763,727		43,438		-		350,152		803,016		1,765,739
Insurance fees due to Jackson		131,353		16,836		16,090		3,095		46,029		3,675		-		16,500		44,980		96,089
Total liabilities		4,361,238		627,723		1,605,369		86,880		1,215,941		588,453		-		533,718		1,963,237		4,303,067
Net assets (Note 7)	$	3,120,294,271	$	397,388,251	$	385,253,200	$	74,064,689	$	1,103,184,553	$	91,438,626	$	-	$	391,819,757	$	1,090,083,547	$	2,360,164,741
(a)  Investments in Funds, shares outstanding		257,662,615		35,417,848		20,276,484		10,641,478		31,948,582		6,578,318		-		26,420,752		58,732,950		154,057,751
Investments in Funds, at cost	$	2,599,974,347	$	323,552,285	$	295,249,392	$	70,371,871	$	920,132,065	$	88,598,618	$	-	$	336,798,878	$	887,541,241	$	1,885,043,129

See notes to the financial statements.

Page 13

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	JNL/MC S&P SMid 60 Fund		JNL/MC Select Small-Cap Fund		JNL/MC Small Cap Index Fund		JNL/MC Technology Sector Fund		JNL/MC Utilities Sector Fund		JNL/MC Value Line 30 Fund		JNL/MC VIP Fund		JNL/Morgan Stanley Mid Cap Growth Fund		JNL/Neuberger Berman Strategic Income Fund		JNL/Oppenheimer Global Growth Fund
Assets
Investments, at fair value (a)	$	327,592,642	$	-	$	1,167,461,898	$	561,854,485	$	2,976,315	$	408,286,614	$	-	$	59,316,396	$	133,549,066	$	601,435,331
Receivables:
Investments in Fund shares sold		444,290		-		990,102		854,189		2,596		607,098		-		27,655		306,165		708,670
Investment Division units sold		788,644		-		746,680		449,266		7,033		108,741		-		74,603		194,660		476,576
Total assets		328,825,576		-		1,169,198,680		563,157,940		2,985,944		409,002,453		-		59,418,654		134,049,891		602,620,577
Liabilities
Payables:
Investments in Fund shares purchased		788,644		-		746,680		449,266		7,033		108,741		-		74,603		194,660		476,576
Investment Division units redeemed		430,811		-		941,564		830,804		2,508		589,717		-		25,176		300,637		683,810
Insurance fees due to Jackson		13,479		-		48,538		23,385		88		17,381		-		2,479		5,528		24,860
Total liabilities		1,232,934		-		1,736,782		1,303,455		9,629		715,839		-		102,258		500,825		1,185,246
Net assets (Note 7)	$	327,592,642	$	-	$	1,167,461,898	$	561,854,485	$	2,976,315	$	408,286,614	$	-	$	59,316,396	$	133,549,066	$	601,435,331
(a)  Investments in Funds, shares outstanding		23,567,816		-		69,285,573		61,606,851		316,966		27,945,696		-		4,517,623		12,718,959		42,176,391
Investments in Funds, at cost	$	269,353,528	$	-	$	974,565,133	$	474,027,081	$	3,012,183	$	357,176,125	$	-	$	50,946,118	$	132,945,555	$	474,882,477

See notes to the financial statements.

Page 14

Jackson National Separate Account I
Statements of Assets and Liabilities
December 31, 2013
	JNL/PIMCO Real Return Fund		JNL/PIMCO Total Return Bond Fund		JNL/PPM America Floating Rate Income Fund		JNL/PPM America High Yield Bond Fund		JNL/PPM America Mid Cap Value Fund		JNL/PPM America Small Cap Value Fund		JNL/PPM America Value Equity Fund		JNL/Red Rocks Listed Private Equity Fund		JNL/S&P 4 Fund		JNL/S&P Competitive Advantage Fund
Assets
Investments, at fair value (a)	$	1,358,821,812	$	3,417,014,121	$	1,077,933,247	$	1,571,549,095	$	255,732,742	$	189,982,144	$	170,361,803	$	494,897,249	$	2,922,385,500	$	616,475,903
Receivables:
Investments in Fund shares sold		1,932,387		2,788,782		1,519,912		978,484		265,839		146,551		413,911		463,862		2,683,365		367,219
Investment Division units sold		659,476		1,712,044		2,498,921		1,405,864		457,621		66,891		94,426		389,773		6,150,744		530,159
Total assets		1,361,413,675		3,421,514,947		1,081,952,080		1,573,933,443		256,456,202		190,195,586		170,870,140		495,750,884		2,931,219,609		617,373,281
Liabilities
Payables:
Investments in Fund shares purchased		659,476		1,712,044		2,498,921		1,405,864		457,621		66,891		94,426		389,773		6,150,744		530,159
Investment Division units redeemed		1,876,382		2,648,250		1,475,903		913,274		255,342		138,434		406,825		444,876		2,564,653		341,234
Insurance fees due to Jackson		56,005		140,532		44,009		65,210		10,497		8,117		7,086		18,986		118,712		25,985
Total liabilities		2,591,863		4,500,826		4,018,833		2,384,348		723,460		213,442		508,337		853,635		8,834,109		897,378
Net assets (Note 7)	$	1,358,821,812	$	3,417,014,121	$	1,077,933,247	$	1,571,549,095	$	255,732,742	$	189,982,144	$	170,361,803	$	494,897,249	$	2,922,385,500	$	616,475,903
(a)  Investments in Funds, shares outstanding		133,217,825		270,976,536		98,892,958		218,878,704		17,128,784		15,186,422		9,480,345		40,665,345		174,366,677		36,651,362
Investments in Funds, at cost	$	1,656,881,991	$	3,483,792,336	$	1,066,872,418	$	1,572,856,489	$	205,284,783	$	166,729,262	$	129,490,781	$	396,034,219	$	2,290,558,437	$	506,543,019

See notes to the financial statements.

Page 15

Jackson National Separate Account I
Statements of Assets and Liabilities
December 31, 2013
	JNL/S&P Dividend Income & Growth Fund		JNL/S&P Intrinsic Value Fund		JNL/S&P Managed Aggressive Growth Fund		JNL/S&P Managed Conservative Fund		JNL/S&P Managed Growth Fund		JNL/S&P Managed Moderate Fund		JNL/S&P Managed Moderate Growth Fund		JNL/S&P Total Yield Fund		JNL/T. Rowe Price Established Growth Fund		JNL/T. Rowe Price Mid-Cap Growth Fund
Assets
Investments, at fair value (a)	$	1,781,587,960	$	605,776,611	$	1,425,615,525	$	1,567,877,861	$	4,178,451,198	$	3,071,065,221	$	5,616,026,222	$	362,318,320	$	2,019,756,972	$	2,161,052,341
Receivables:
Investments in Fund shares sold		904,763		487,112		994,827		1,870,737		2,034,787		1,381,655		2,301,754		237,634		1,285,210		1,145,085
Investment Division units sold		645,291		686,178		1,004,859		178,375		2,265,911		841,638		2,261,285		517,721		1,543,892		1,153,529
Total assets		1,783,138,014		606,949,901		1,427,615,211		1,569,926,973		4,182,751,896		3,073,288,514		5,620,589,261		363,073,675		2,022,586,074		2,163,350,955
Liabilities
Payables:
Investments in Fund shares purchased		645,291		686,178		1,004,859		178,375		2,265,911		841,638		2,261,285		517,721		1,543,892		1,153,529
Investment Division units redeemed		830,560		461,599		937,346		1,804,815		1,865,667		1,255,822		2,073,309		222,199		1,203,754		1,057,241
Insurance fees due to Jackson		74,203		25,513		57,481		65,922		169,120		125,833		228,445		15,435		81,456		87,844
Total liabilities		1,550,054		1,173,290		1,999,686		2,049,112		4,300,698		2,223,293		4,563,039		755,355		2,829,102		2,298,614
Net assets (Note 7)	$	1,781,587,960	$	605,776,611	$	1,425,615,525	$	1,567,877,861	$	4,178,451,198	$	3,071,065,221	$	5,616,026,222	$	362,318,320	$	2,019,756,972	$	2,161,052,341
(a)  Investments in Funds, shares outstanding		125,111,514		38,856,742		86,505,796		131,203,168		291,587,662		236,417,646		399,148,985		24,186,804		60,598,769		57,674,202
Investments in Funds, at cost	$	1,542,182,383	$	507,673,602	$	1,103,257,695	$	1,485,458,184	$	3,365,322,113	$	2,736,814,330	$	4,763,617,999	$	308,464,861	$	1,463,856,843	$	1,739,064,922

See notes to the financial statements.

Page 16

Jackson National Separate Account I

Statements of Assets and Liabilities

December 31, 2013

	JNL/T. Rowe Price Short-Term Bond Fund		JNL/T. Rowe Price Value Fund		JNL/WMC Balanced Fund		JNL/WMC Money Market Fund		JNL/WMC Value Fund
Assets
Investments, at fair value (a)	$	697,296,336	$	969,476,516	$	3,194,549,403	$	1,268,082,975	$	638,676,161
Receivables:
Investments in Fund shares sold		997,585		413,193		1,812,949		3,384,147		481,992
Investment Division units sold		681,859		619,039		1,975,576		2,601,053		464,515
Total assets		698,975,780		970,508,748		3,198,337,928		1,274,068,175		639,622,668
Liabilities
Payables:
Investments in Fund shares purchased		681,859		619,039		1,975,576		2,601,053		464,515
Investment Division units redeemed		968,724		374,182		1,686,778		3,331,608		455,905
Insurance fees due to Jackson		28,861		39,011		126,171		52,539		26,087
Total liabilities		1,679,444		1,032,232		3,788,525		5,985,200		946,507
Net assets (Note 7)	$	697,296,336	$	969,476,516	$	3,194,549,403	$	1,268,082,975	$	638,676,161
(a)  Investments in Funds, shares outstanding		70,150,537		60,103,938		151,616,013		1,268,082,975		27,756,461
Investments in Funds, at cost	$	703,363,062	$	769,602,339	$	2,658,985,968	$	1,268,082,975	$	521,407,631

See notes to the financial statements.

Page 17

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	CG - Conservative Fund			CG - Equity 100 Fund			CG - Equity Income Fund			CG - Fixed Income 100 Fund			CG - Growth Fund(a)			CG - Institutional Alt 100 Conservative Fund(a)			CG - Institutional Alt 100 Growth Fund(a)			CG - Institutional Alt 100 Moderate Fund			CG - Institutional Alt 65 Fund			CG - Interest Rate Opportunities Fund(a)
Investment income
Dividends	$	318,533		$	27,757		$	151,669		$	97,231		$	-		$	-		$	-		$	60,235		$	145,713		$	-
Expenses
Asset-based charges (Note 3)		472,581			261,452			334,333			191,473			134,407			70,482			132,444			2,411,778			887,018			110,120
Total expenses		472,581			261,452			334,333			191,473			134,407			70,482			132,444			2,411,778			887,018			110,120
Net investment income (loss)		(154,048	)		(233,695	)		(182,664	)		(94,242	)		(134,407	)		(70,482	)		(132,444	)		(2,351,543	)		(741,305	)		(110,120	)
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		30,415			12,383			21,176			5,134			-			-			-			617,242			223,627			-
Investments		123,678			416,739			487,007			(176,559	)		192,557			(2,645	)		3,784			1,001,161			836,246			7,306
Net change in unrealized appreciation (depreciation) on investments		(337,638	)		5,575,477			3,855,403			(450,394	)		2,269,338			206,646			912,682			5,808,303			5,424,661			363,121
Net realized and unrealized gain (loss)		(183,545	)		6,004,599			4,363,586			(621,819	)		2,461,895			204,001			916,466			7,426,706			6,484,534			370,427
Net increase (decrease) in net assets from operations	$	(337,593	)	$	5,770,904		$	4,180,922		$	(716,061	)	$	2,327,488		$	133,519		$	784,022		$	5,075,163		$	5,743,229		$	260,307
(a) Commencement of operations April 29, 2013.

See notes to the financial statements.

Page 18

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	CG - International Opportunities Conservative Fund(a)			CG - International Opportunities Growth Fund(a)			CG - International Opportunities Moderate Fund(a)			CG - Maximum Growth Fund			CG - Moderate Fund			CG - Moderate Growth Fund			CG - Multi-Strategy Income Fund(a)			CG - Real Assets Fund(a)			CG - Tactical Maximum Growth Fund			CG - Tactical Moderate Growth Fund
Investment income
Dividends	$	-		$	-		$	-		$	75,181		$	493,160		$	304,805		$	-		$	-		$	-		$	605,174
Expenses
Asset-based charges (Note 3)		7,669			17,141			15,873			445,570			1,135,716			1,656,369			85,725			16,809			447,792			1,678,017
Total expenses		7,669			17,141			15,873			445,570			1,135,716			1,656,369			85,725			16,809			447,792			1,678,017
Net investment income (loss)		(7,669	)		(17,141	)		(15,873	)		(370,389	)		(642,556	)		(1,351,564	)		(85,725	)		(16,809	)		(447,792	)		(1,072,843	)
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		-			-			-			71,648			31,239			264,148			-			-			28,238			577,966
Investments		8,367			8,991			8,435			585,737			1,006,699			1,272,734			(5,188	)		5,962			516,665			1,596,859
Net change in unrealized appreciation (depreciation) on investments		29,140			186,460			107,309			7,062,882			9,620,061			15,927,960			209,773			62,203			6,340,643			14,794,611
Net realized and unrealized gain (loss)		37,507			195,451			115,744			7,720,267			10,657,999			17,464,842			204,585			68,165			6,885,546			16,969,436
Net increase (decrease) in net assets from operations	$	29,838		$	178,310		$	99,871		$	7,349,878		$	10,015,443		$	16,113,278		$	118,860		$	51,356		$	6,437,754		$	15,896,593
(a) Commencement of operations April 29, 2013.

See notes to the financial statements.

Page 19

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	Curian Dynamic Risk Advantage - Diversified Fund			Curian Dynamic Risk Advantage - Growth Fund			Curian Dynamic Risk Advantage - Income Fund			Curian Focused International Equity Fund(b)			Curian Focused U.S. Equity Fund(b)			Curian Long Short Credit Fund(a)			Curian Tactical Advantage 35 Fund			Curian Tactical Advantage 60 Fund			Curian Tactical Advantage 75 Fund			Curian/Aberdeen Latin America Fund(a)
Investment income
Dividends	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	7,176
Expenses
Asset-based charges (Note 3)		2,027,111			394,806			1,393,805			899			708			20,550			286,476			546,648			464,546			4,720
Total expenses		2,027,111			394,806			1,393,805			899			708			20,550			286,476			546,648			464,546			4,720
Net investment income (loss)		(2,027,111	)		(394,806	)		(1,393,805	)		(899	)		(708	)		(20,550	)		(286,476	)		(546,648	)		(464,546	)		2,456
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		234,381			1,880,140			88,429			-			-			-			35,486			51,365			93,429			-
Investments		245,086			(56,233	)		132,500			2,747			211			12,239			237,635			507,009			584,725			(4,029	)
Net change in unrealized appreciation (depreciation) on investments		795,902			(831,335	)		67,581			9,123			23,594			165,729			1,299,437			5,979,314			6,764,844			(75,449	)
Net realized and unrealized gain (loss)		1,275,369			992,572			288,510			11,870			23,805			177,968			1,572,558			6,537,688			7,442,998			(79,478	)
Net increase (decrease) in net assets from operations	$	(751,742	)	$	597,766		$	(1,105,295	)	$	10,971		$	23,097		$	157,418		$	1,286,082		$	5,991,040		$	6,978,452		$	(77,022	)
(a) Commencement of operations April 29, 2013.
(b) Commencement of operations September 16, 2013.

See notes to the financial statements.

Page 20

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	Curian/American Funds Global Growth Fund(b)			Curian/American Funds Growth Fund			Curian/AQR Risk Parity Fund(b)			Curian/Ashmore Emerging Market Small Cap Equity Fund(a)			Curian/Baring International Fixed Income Fund(a)			Curian/BlackRock Global Long Short Credit Fund(a)			Curian/DFA U.S. Micro Cap Fund		Curian/DoubleLine Total Return Fund(b)			Curian/Eaton Vance Global Macro Absolute Return Advantage Fund(a)			Curian/Epoch Global Shareholder Yield Fund
Investment income
Dividends	$	-		$	45,438		$	-		$	266		$	6,833		$	-		$	64,745	$	-		$	-		$	440,938
Expenses
Asset-based charges (Note 3)		5,912			250,106			1,931			4,841			3,785			78,829			59,570		6,569			29,571			81,686
Total expenses		5,912			250,106			1,931			4,841			3,785			78,829			59,570		6,569			29,571			81,686
Net investment income (loss)		(5,912	)		(204,668	)		(1,931	)		(4,575	)		3,048			(78,829	)		5,175		(6,569	)		(29,571	)		359,252
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		-			122			-			-			-			-			60,077		-			-			1,538,703
Investments		2,163			532,913			1,664			4,149			209			19,538			145,159		757			(22,527	)		97,732
Net change in unrealized appreciation (depreciation) on investments		220,558			5,809,551			(11,414	)		74,442			(16,541	)		314,262			1,817,320		(33,431	)		(19,137	)		(570,604	)
Net realized and unrealized gain (loss)		222,721			6,342,586			(9,750	)		78,591			(16,332	)		333,800			2,022,556		(32,674	)		(41,664	)		1,065,831
Net increase (decrease) in net assets from operations	$	216,809		$	6,137,918		$	(11,681	)	$	74,016		$	(13,284	)	$	254,971		$	2,027,731	$	(39,243	)	$	(71,235	)	$	1,425,083
(a) Commencement of operations April 29, 2013.
(b) Commencement of operations September 16, 2013.

See notes to the financial statements.

Page 21

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	Curian/FAMCO Flex Core Covered Call Fund		Curian/Franklin Templeton Frontier Markets Fund			Curian/Franklin Templeton Natural Resources Fund			Curian/Lazard International Strategic Equity Fund(a)			Curian/Neuberger Berman Currency Fund			Curian/Nicholas Convertible Arbitrage Fund			Curian/PIMCO Credit Income Fund			Curian/PineBridge Merger Arbitrage Fund			Curian/Schroder Emerging Europe Fund(a)			Curian/T. Rowe Price Capital Appreciation Fund(b)
Investment income
Dividends	$	710,972	$	-		$	-		$	-		$	116,363		$	2,268		$	350,984		$	-		$	18,030		$	20,626
Expenses
Asset-based charges (Note 3)		381,824		54,007			137,945			8,455			88,566			285,176			199,841			547,902			4,587			9,451
Total expenses		381,824		54,007			137,945			8,455			88,566			285,176			199,841			547,902			4,587			9,451
Net investment income (loss)		329,148		(54,007	)		(137,945	)		(8,455	)		27,797			(282,908	)		151,143			(547,902	)		13,443			11,175
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		29,681		-			58,606			-			14			192,947			6,085			194,551			-			2,942
Investments		229,887		19,471			69,269			6,196			(12,258	)		123,614			(204,323	)		21,255			(7,640	)		8,295
Net change in unrealized appreciation (depreciation) on investments		3,134,363		816,156			1,014,774			234,183			(206,868	)		188,953			(672,683	)		(222,773	)		(2,757	)		161,943
Net realized and unrealized gain (loss)		3,393,931		835,627			1,142,649			240,379			(219,112	)		505,514			(870,921	)		(6,967	)		(10,397	)		173,180
Net increase (decrease) in net assets from operations	$	3,723,079	$	781,620		$	1,004,704		$	231,924		$	(191,315	)	$	222,606		$	(719,778	)	$	(554,869	)	$	3,046		$	184,355
(a) Commencement of operations April 29, 2013.
(b) Commencement of operations September 16, 2013.

See notes to the financial statements.

Page 22

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	Curian/The Boston Company Equity Income Fund		Curian/The Boston Company Multi-Alpha Market Neutral Equity Fund			Curian/UBS Global Long Short Fixed Income Opportunities Fund(a)			Curian/Urdang International REIT Fund(a)		Curian/Van Eck International Gold Fund			JNL Disciplined Growth Fund			JNL Disciplined Moderate Fund			JNL Disciplined Moderate Growth Fund			JNL Institutional Alt 20 Fund		JNL Institutional Alt 35 Fund
Investment income
Dividends	$	262,895	$	-		$	-		$	49,269	$	20,840		$	3,920,240		$	12,142,671		$	11,595,946		$	31,223,849	$	36,016,179
Expenses
Asset-based charges (Note 3)		138,076		162,375			28,875			11,675		91,351			5,918,648			12,958,891			14,272,981			22,091,126		31,629,564
Total expenses		138,076		162,375			28,875			11,675		91,351			5,918,648			12,958,891			14,272,981			22,091,126		31,629,564
Net investment income (loss)		124,819		(162,375	)		(28,875	)		37,594		(70,511	)		(1,998,408	)		(816,220	)		(2,677,035	)		9,132,723		4,386,615
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		2,140,554		-			-			-		-			9,345,748			16,530,813			22,116,793			26,251,209		40,971,502
Investments		273,113		(112,466	)		(12,144	)		5,083		(1,480,620	)		10,762,609			18,040,125			22,833,591			21,395,242		32,963,160
Net change in unrealized appreciation (depreciation) on investments		1,114,881		111,222			(20,996	)		8,145		(3,976,675	)		61,216,577			89,361,587			141,529,615			120,726,003		143,005,705
Net realized and unrealized gain (loss)		3,528,548		(1,244	)		(33,140	)		13,228		(5,457,295	)		81,324,934			123,932,525			186,479,999			168,372,454		216,940,367
Net increase (decrease) in net assets from operations	$	3,653,367	$	(163,619	)	$	(62,015	)	$	50,822	$	(5,527,806	)	$	79,326,526		$	123,116,305		$	183,802,964		$	177,505,177	$	221,326,982
(a) Commencement of operations April 29, 2013.

See notes to the financial statements.

Page 23

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	JNL Institutional Alt 50 Fund			JNL Institutional Alt 65 Fund			JNL/American Funds Balanced Allocation Fund			JNL/American Funds Blue Chip Income and Growth Fund			JNL/American Funds Global Bond Fund			JNL/American Funds Global Small Capitalization Fund			JNL/American Funds Growth Allocation Fund			JNL/American Funds Growth-Income Fund			JNL/American Funds International Fund			JNL/American Funds New World Fund
Investment income
Dividends	$	39,302,254		$	8,051,382		$	2,238,344		$	10,578,227		$	9,240,497		$	1,757,804		$	1,266,394		$	9,719,283		$	3,597,946		$	2,922,345
Expenses
Asset-based charges (Note 3)		44,863,247			12,062,994			4,213,842			13,247,896			6,629,020			3,694,680			3,037,633			17,116,653			6,105,554			7,649,084
Total expenses		44,863,247			12,062,994			4,213,842			13,247,896			6,629,020			3,694,680			3,037,633			17,116,653			6,105,554			7,649,084
Net investment income (loss)		(5,560,993	)		(4,011,612	)		(1,975,498	)		(2,669,669	)		2,611,477			(1,936,876	)		(1,771,239	)		(7,397,370	)		(2,507,608	)		(4,726,739	)
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		32,014,989			17,349,677			202,056			4,459,137			2,049,279			596,093			249,337			1,210,948			715,488			1,001,679
Investments		41,428,590			10,302,928			3,122,335			26,838,692			(1,755,875	)		7,391,873			3,461,357			41,321,462			8,461,244			8,104,871
Net change in unrealized appreciation (depreciation) on investments		181,098,667			37,339,069			36,019,104			205,984,715			(23,165,003	)		50,677,047			35,729,585			281,743,138			70,190,657			44,475,309
Net realized and unrealized gain (loss)		254,542,246			64,991,674			39,343,495			237,282,544			(22,871,599	)		58,665,013			39,440,279			324,275,548			79,367,389			53,581,859
Net increase (decrease) in net assets from operations	$	248,981,253		$	60,980,062		$	37,367,997		$	234,612,875		$	(20,260,122	)	$	56,728,137		$	37,669,040		$	316,878,178		$	76,859,781		$	48,855,120

See notes to the financial statements.

Page 24

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	JNL/AQR Managed Futures Strategy Fund		JNL/BlackRock Commodity Securities Strategy Fund			JNL/BlackRock Global Allocation Fund			JNL/BlackRock Large Cap Select Growth Fund			JNL/Brookfield Global Infrastructure Fund			JNL/Capital Guardian Global Balanced Fund		JNL/Capital Guardian Global Diversified Research Fund			JNL/DFA U.S. Core Equity Fund			JNL/Eagle SmallCap Equity Fund			JNL/Eastspring Investments Asia ex-Japan Fund
Investment income
Dividends	$	2,472,423	$	3,595,221		$	13,011,821		$	126,189		$	2,066,166		$	7,283,023	$	4,548,445		$	2,618,597		$	710,666		$	1,579,089
Expenses
Asset-based charges (Note 3)		500,617		14,042,132			30,201,699			7,271,823			3,403,301			6,394,314		5,461,745			3,773,485			14,030,063			1,946,794
Total expenses		500,617		14,042,132			30,201,699			7,271,823			3,403,301			6,394,314		5,461,745			3,773,485			14,030,063			1,946,794
Net investment income (loss)		1,971,806		(10,446,911	)		(17,189,878	)		(7,145,634	)		(1,337,135	)		888,709		(913,300	)		(1,154,888	)		(13,319,397	)		(367,705	)
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		99,826		-			-			40,850,278			6,949,560			-		-			12,425,024			21,700,566			1,025,900
Investments		156,585		13,793,947			26,014,067			18,848,664			4,184,950			9,250,955		15,591,974			11,216,427			37,813,926			(2,668,590	)
Net change in unrealized appreciation (depreciation) on investments		772,727		66,596,159			238,074,708			106,302,358			35,563,171			44,931,108		55,516,585			50,568,008			179,519,345			(8,935,790	)
Net realized and unrealized gain (loss)		1,029,138		80,390,106			264,088,775			166,001,300			46,697,681			54,182,063		71,108,559			74,209,459			239,033,837			(10,578,480	)
Net increase (decrease) in net assets from operations	$	3,000,944	$	69,943,195		$	246,898,897		$	158,855,666		$	45,360,546		$	55,070,772	$	70,195,259		$	73,054,571		$	225,714,440		$	(10,946,185	)

See notes to the financial statements.

Page 25

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	JNL/Eastspring Investments China-India Fund			JNL/Franklin Templeton Founding Strategy Fund		JNL/Franklin Templeton Global Growth Fund			JNL/Franklin Templeton Global Multisector Bond Fund			JNL/Franklin Templeton Income Fund		JNL/Franklin Templeton International Small Cap Growth Fund			JNL/Franklin Templeton Mutual Shares Fund			JNL/Franklin Templeton Small Cap Value Fund			JNL/Goldman Sachs Core Plus Bond Fund			JNL/Goldman Sachs Emerging Markets Debt Fund
Investment income
Dividends	$	3,042,621		$	26,425,377	$	4,494,428		$	12,546,585		$	54,963,837	$	3,495,155		$	4,375,694		$	3,970,759		$	18,170,376		$	20,321,107
Expenses
Asset-based charges (Note 3)		4,980,389			20,061,738		4,683,165			7,542,119			20,243,654		4,737,620			7,181,472			6,247,586			10,226,034			4,201,732
Total expenses		4,980,389			20,061,738		4,683,165			7,542,119			20,243,654		4,737,620			7,181,472			6,247,586			10,226,034			4,201,732
Net investment income (loss)		(1,937,768	)		6,363,639		(188,737	)		5,004,466			34,720,183		(1,242,465	)		(2,805,778	)		(2,276,827	)		7,944,342			16,119,375
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		-			-		-			34,768			-		5,850,730			-			3,282,638			24,905,117			8,472,879
Investments		(7,308,339	)		40,100,948		15,232,016			7,646,362			25,690,244		21,728,333			17,067,921			27,936,912			(3,273,873	)		940,632
Net change in unrealized appreciation (depreciation) on investments		(5,824,732	)		212,184,767		62,665,405			(6,049,945	)		94,734,418		57,180,201			95,285,914			87,764,621			(48,803,754	)		(53,289,445	)
Net realized and unrealized gain (loss)		(13,133,071	)		252,285,715		77,897,421			1,631,185			120,424,662		84,759,264			112,353,835			118,984,171			(27,172,510	)		(43,875,934	)
Net increase (decrease) in net assets from operations	$	(15,070,839	)	$	258,649,354	$	77,708,684		$	6,635,651		$	155,144,845	$	83,516,799		$	109,548,057		$	116,707,344		$	(19,228,168	)	$	(27,756,559	)

See notes to the financial statements.

Page 26

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	JNL/Goldman Sachs Mid Cap Value Fund			JNL/Goldman Sachs U.S. Equity Flex Fund			JNL/Invesco Global Real Estate Fund			JNL/Invesco International Growth Fund			JNL/Invesco Large Cap Growth Fund			JNL/Invesco Mid Cap Value Fund			JNL/Invesco Small Cap Growth Fund			JNL/Ivy Asset Strategy Fund			JNL/JPMorgan International Value Fund		JNL/JPMorgan MidCap Growth Fund
Investment income
Dividends	$	1,899,539		$	270,540		$	28,798,585		$	4,918,340		$	1,625,877		$	433,987		$	458,869		$	33,349,728		$	13,463,159	$	691,209
Expenses
Asset-based charges (Note 3)		7,258,192			2,368,996			13,274,165			6,381,815			5,925,888			3,488,904			5,128,829			35,274,160			5,613,854		5,544,086
Total expenses		7,258,192			2,368,996			13,274,165			6,381,815			5,925,888			3,488,904			5,128,829			35,274,160			5,613,854		5,544,086
Net investment income (loss)		(5,358,653	)		(2,098,456	)		15,524,420			(1,463,475	)		(4,300,011	)		(3,054,917	)		(4,669,960	)		(1,924,432	)		7,849,305		(4,852,877	)
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		96,024,022			2,882,768			-			-			29,434,416			-			8,238,773			-			-		-
Investments		30,004,360			10,558,968			27,478,554			13,691,528			18,716,958			12,264,801			22,086,410			55,014,337			2,895,306		24,125,262
Net change in unrealized appreciation (depreciation) on investments		3,414,742			31,205,497			(42,281,980	)		58,231,039			86,022,557			48,869,585			80,654,472			433,114,750			55,687,693		105,591,939
Net realized and unrealized gain (loss)		129,443,124			44,647,233			(14,803,426	)		71,922,567			134,173,931			61,134,386			110,979,655			488,129,087			58,582,999		129,717,201
Net increase (decrease) in net assets from operations	$	124,084,471		$	42,548,777		$	720,994		$	70,459,092		$	129,873,920		$	58,079,469		$	106,309,695		$	486,204,655		$	66,432,304	$	124,864,324

See notes to the financial statements.

Page 27

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	JNL/JPMorgan U.S. Government & Quality Bond Fund			JNL/Lazard Emerging Markets Fund			JNL/M&G Global Basics Fund			JNL/M&G Global Leaders Fund(a)			JNL/MC 10 x 10 Fund		JNL/MC 25 Fund		JNL/MC Bond Index Fund			JNL/MC Communications Sector Fund		JNL/MC Consumer Brands Sector Fund			JNL/MC Dow 10 Fund
Investment income
Dividends	$	20,163,712		$	8,741,585		$	1,413,376		$	83,729		$	6,601,584	$	19,803,019	$	11,375,716		$	2,505,104	$	2,488,841		$	-
Expenses
Asset-based charges (Note 3)		9,952,027			9,510,549			986,856			478,212			4,633,685		11,886,460		8,563,787			1,711,762		5,373,110			8,281,300
Total expenses		9,952,027			9,510,549			986,856			478,212			4,633,685		11,886,460		8,563,787			1,711,762		5,373,110			8,281,300
Net investment income (loss)		10,211,685			(768,964	)		426,520			(394,483	)		1,967,899		7,916,559		2,811,929			793,342		(2,884,269	)		(8,281,300	)
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		-			10,579,961			1,814,401			-			2,281,948		33,197,608		424,385			-		10,718,272			-
Investments		(625,327	)		7,358,381			131,054			8,134,717			12,985,734		50,818,627		888,185			6,167,762		26,583,840			47,149,563
Net change in unrealized appreciation (depreciation) on investments		(44,654,145	)		(36,871,201	)		(520,193	)		(889,133	)		54,409,929		137,295,401		(28,859,307	)		11,020,311		74,799,297			91,323,336
Net realized and unrealized gain (loss)		(45,279,472	)		(18,932,859	)		1,425,262			7,245,584			69,677,611		221,311,636		(27,546,737	)		17,188,073		112,101,409			138,472,899
Net increase (decrease) in net assets from operations	$	(35,067,787	)	$	(19,701,823	)	$	1,851,782		$	6,851,101		$	71,645,510	$	229,228,195	$	(24,734,808	)	$	17,981,415	$	109,217,140		$	130,191,599
(a) The period is from January 1, 2013 through acquisition September 13, 2013.

See notes to the financial statements.

Page 28

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	JNL/MC Dow Dividend Fund(a)			JNL/MC Dow Jones U.S. Contrarian Opportunities Index Fund			JNL/MC Emerging Markets Index Fund			JNL/MC European 30 Fund		JNL/MC Financial Sector Fund			JNL/MC Global 15 Fund			JNL/MC Global Alpha Fund			JNL/MC Healthcare Sector Fund			JNL/MC Index 5 Fund		JNL/MC International Index Fund
Investment income
Dividends	$	11,669,031		$	245,187		$	2,437,484		$	945,450	$	3,087,216		$	-		$	-		$	5,272,395		$	8,982,516	$	15,808,805
Expenses
Asset-based charges (Note 3)		4,470,683			479,576			4,395,658			902,577		5,251,717			6,545,555			645,577			10,710,648			8,484,153		9,080,840
Total expenses		4,470,683			479,576			4,395,658			902,577		5,251,717			6,545,555			645,577			10,710,648			8,484,153		9,080,840
Net investment income (loss)		7,198,348			(234,389	)		(1,958,174	)		42,873		(2,164,501	)		(6,545,555	)		(645,577	)		(5,438,253	)		498,363		6,727,965
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		-			-			-			-		2,001,346			-			-			7,402,435			9,627,742		-
Investments		51,944,801			2,004,528			21,664			1,540,024		23,613,223			30,739,229			(371,275	)		43,636,959			18,759,238		12,399,484
Net change in unrealized appreciation (depreciation) on investments		(4,263,792	)		6,547,093			(13,402,516	)		14,271,884		61,331,624			22,030,291			(291,359	)		162,100,959			84,031,513		89,845,662
Net realized and unrealized gain (loss)		47,681,009			8,551,621			(13,380,852	)		15,811,908		86,946,193			52,769,520			(662,634	)		213,140,353			112,418,493		102,245,146
Net increase (decrease) in net assets from operations	$	54,879,357		$	8,317,232		$	(15,339,026	)	$	15,854,781	$	84,781,692		$	46,223,965		$	(1,308,211	)	$	207,702,100		$	112,916,856	$	108,973,111
(a) The period is from January 1, 2013 through acquisition September 13, 2013.

See notes to the financial statements.

Page 29

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	JNL/MC JNL 5 Fund		JNL/MC JNL Optimized 5 Fund		JNL/MC Nasdaq 25 Fund			JNL/MC NYSE International 25 Fund			JNL/MC Oil & Gas Sector Fund			JNL/MC Pacific Rim 30 Fund		JNL/MC S&P 10 Fund(a)			JNL/MC S&P 24 Fund		JNL/MC S&P 400 MidCap Index Fund			JNL/MC S&P 500 Index Fund
Investment income
Dividends	$	75,561,336	$	10,476,988	$	2,598,068		$	2,364,737		$	12,085,651		$	3,089,710	$	-		$	3,038,378	$	7,334,153		$	25,712,000
Expenses
Asset-based charges (Note 3)		45,384,298		5,677,485		4,558,597			1,030,558			14,994,603			1,172,681		2,902,573			2,475,511		13,031,650			26,544,956
Total expenses		45,384,298		5,677,485		4,558,597			1,030,558			14,994,603			1,172,681		2,902,573			2,475,511		13,031,650			26,544,956
Net investment income (loss)		30,177,038		4,799,503		(1,960,529	)		1,334,179			(2,908,952	)		1,917,029		(2,902,573	)		562,867		(5,697,497	)		(832,956	)
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		-		-		7,079,955			-			12,805,075			-		-			6,904,471		30,155,070			10,036,606
Investments		64,768,786		10,843,594		23,266,027			(2,536,762	)		40,615,638			2,816,422		33,838,227			6,133,924		41,660,589			85,454,456
Net change in unrealized appreciation (depreciation) on investments		661,671,656		80,850,607		67,945,137			14,047,591			150,331,891			897,594		3,639,234			53,504,222		153,632,211			357,604,602
Net realized and unrealized gain (loss)		726,440,442		91,694,201		98,291,119			11,510,829			203,752,604			3,714,016		37,477,461			66,542,617		225,447,870			453,095,664
Net increase (decrease) in net assets from operations	$	756,617,480	$	96,493,704	$	96,330,590		$	12,845,008		$	200,843,652		$	5,631,045	$	34,574,888		$	67,105,484	$	219,750,373		$	452,262,708
(a) The period is from January 1, 2013 through acquisition September 13, 2013.

See notes to the financial statements.

Page 30

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	JNL/MC S&P SMid 60 Fund		JNL/MC Select Small-Cap Fund(b)		JNL/MC Small Cap Index Fund			JNL/MC Technology Sector Fund			JNL/MC Utilities Sector Fund(a)			JNL/MC Value Line 30 Fund			JNL/MC VIP Fund(b)		JNL/Morgan Stanley Mid Cap Growth Fund			JNL/Neuberger Berman Strategic Income Fund			JNL/Oppenheimer Global Growth Fund
Investment income
Dividends	$	4,348,721	$	3,389,826	$	9,850,243		$	3,203,454		$	64,710		$	7,281,035		$	5,607,513	$	-		$	206,204		$	4,966,715
Expenses
Asset-based charges (Note 3)		3,813,680		2,800,126		11,962,075			6,821,412			10,272			5,970,000			2,623,752		464,340			1,610,477			7,229,457
Total expenses		3,813,680		2,800,126		11,962,075			6,821,412			10,272			5,970,000			2,623,752		464,340			1,610,477			7,229,457
Net investment income (loss)		535,041		589,700		(2,111,832	)		(3,617,958	)		54,438			1,311,035			2,983,761		(464,340	)		(1,404,273	)		(2,262,742	)
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		4,046,832		-		48,589,894			8,287,683			470			-			-		101,736			150,926			200,896
Investments		13,557,370		35,905,401		42,988,856			9,932,423			(5,840	)		(711,126	)		21,092,617		1,714,484			256,515			16,359,054
Net change in unrealized appreciation (depreciation) on investments		53,300,934		10,402,796		150,683,627			87,052,532			(35,868	)		106,750,012			17,113,896		8,075,791			(1,184,534	)		89,965,561
Net realized and unrealized gain (loss)		70,905,136		46,308,197		242,262,377			105,272,638			(41,238	)		106,038,886			38,206,513		9,892,011			(777,093	)		106,525,511
Net increase (decrease) in net assets from operations	$	71,440,177	$	46,897,897	$	240,150,545		$	101,654,680		$	13,200		$	107,349,921		$	41,190,274	$	9,427,671		$	(2,181,366	)	$	104,262,769
(a) Commencement of operations April 29, 2013.
(b) The period is from January 1, 2013 through acquisition September 13, 2013.

See notes to the financial statements.

Page 31

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	JNL/PIMCO Real Return Fund			JNL/PIMCO Total Return Bond Fund			JNL/PPM America Floating Rate Income Fund		JNL/PPM America High Yield Bond Fund			JNL/PPM America Mid Cap Value Fund			JNL/PPM America Small Cap Value Fund			JNL/PPM America Value Equity Fund			JNL/Red Rocks Listed Private Equity Fund		JNL/S&P 4 Fund			JNL/S&P Competitive Advantage Fund
Investment income
Dividends	$	20,212,994		$	43,181,657		$	15,060,731	$	91,299,177		$	1,308,270		$	580,474		$	1,886,415		$	37,029,404	$	15,908,668		$	3,038,649
Expenses
Asset-based charges (Note 3)		26,976,090			59,220,547			9,999,419		22,323,785			3,144,397			2,102,344			2,195,520			6,003,823		28,949,156			6,798,441
Total expenses		26,976,090			59,220,547			9,999,419		22,323,785			3,144,397			2,102,344			2,195,520			6,003,823		28,949,156			6,798,441
Net investment income (loss)		(6,763,096	)		(16,038,890	)		5,061,312		68,975,392			(1,836,127	)		(1,521,870	)		(309,105	)		31,025,581		(13,040,488	)		(3,759,792	)
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		158,638,443			4,658,309			-		33,421,168			-			11,154,419			-			-		59,770,692			33,505,116
Investments		(56,490,530	)		952,877			4,348,691		46,245,063			15,801,956			9,919,296			12,328,224			14,702,141		104,147,061			27,291,875
Net change in unrealized appreciation (depreciation) on investments		(300,792,321	)		(139,002,070	)		7,438,543		(57,195,824	)		48,795,630			19,978,161			33,429,102			91,965,922		475,463,072			88,603,651
Net realized and unrealized gain (loss)		(198,644,408	)		(133,390,884	)		11,787,234		22,470,407			64,597,586			41,051,876			45,757,326			106,668,063		639,380,825			149,400,642
Net increase (decrease) in net assets from operations	$	(205,407,504	)	$	(149,429,774	)	$	16,848,546	$	91,445,799		$	62,761,459		$	39,530,006		$	45,448,221		$	137,693,644	$	626,340,337		$	145,640,850

See notes to the financial statements.

Page 32

Jackson National Separate Account I
Statements of Operations
For the Year Ended December 31, 2013
	JNL/S&P Dividend Income & Growth Fund		JNL/S&P Intrinsic Value Fund			JNL/S&P Managed Aggressive Growth Fund			JNL/S&P Managed Conservative Fund			JNL/S&P Managed Growth Fund			JNL/S&P Managed Moderate Fund			JNL/S&P Managed Moderate Growth Fund			JNL/S&P Total Yield Fund			JNL/T. Rowe Price Established Growth Fund			JNL/T. Rowe Price Mid-Cap Growth Fund
Investment income
Dividends	$	23,106,339	$	4,744,822		$	8,564,073		$	9,574,628		$	32,160,559		$	13,476,130		$	25,384,689		$	2,953,785		$	1,229,652		$	-
Expenses
Asset-based charges (Note 3)		18,677,187		6,320,389			17,472,664			25,506,722			52,945,917			43,559,804			75,195,375			3,633,740			23,879,020			26,929,642
Total expenses		18,677,187		6,320,389			17,472,664			25,506,722			52,945,917			43,559,804			75,195,375			3,633,740			23,879,020			26,929,642
Net investment income (loss)		4,429,152		(1,575,567	)		(8,908,591	)		(15,932,094	)		(20,785,358	)		(30,083,674	)		(49,810,686	)		(679,955	)		(22,649,368	)		(26,929,642	)
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		53,340,885		23,530,831			3,494,144			1,044,354			18,768,526			6,019,545			16,978,058			13,426,966			69,400,236			123,855,838
Investments		46,539,887		35,503,857			43,576,466			25,461,334			78,517,855			45,945,483			82,771,936			24,982,744			98,027,943			74,774,912
Net change in unrealized appreciation (depreciation) on investments		194,431,826		89,040,640			216,258,862			34,922,269			597,622,486			220,517,650			616,087,032			45,625,350			366,843,323			355,896,318
Net realized and unrealized gain (loss)		294,312,598		148,075,328			263,329,472			61,427,957			694,908,867			272,482,678			715,837,026			84,035,060			534,271,502			554,527,068
Net increase (decrease) in net assets from operations	$	298,741,750	$	146,499,761		$	254,420,881		$	45,495,863		$	674,123,509		$	242,399,004		$	666,026,340		$	83,355,105		$	511,622,134		$	527,597,426

See notes to the financial statements.

Page 33

Jackson National Separate Account I

Statements of Operations

For the Year Ended December 31, 2013

	JNL/T. Rowe Price Short-Term Bond Fund			JNL/T. Rowe Price Value Fund			JNL/WMC Balanced Fund		JNL/WMC Money Market Fund			JNL/WMC Value Fund
Investment income
Dividends	$	8,930,127		$	10,139,671		$	41,043,361	$	7,912		$	10,529,344
Expenses
Asset-based charges (Note 3)		10,107,673			11,764,146			40,036,779		19,543,701			8,200,543
Total expenses		10,107,673			11,764,146			40,036,779		19,543,701			8,200,543
Net investment income (loss)		(1,177,546	)		(1,624,475	)		1,006,582		(19,535,789	)		2,328,801
Realized and unrealized gain (loss)
Net realized gain (loss) on:
Distributions from investment companies		-			33,435,341			43,104,384		5,275			22,649,078
Investments		660,124			58,576,911			65,292,963		-			27,246,884
Net change in unrealized appreciation (depreciation) on investments		(8,946,638	)		138,051,048			327,407,297		-			81,300,656
Net realized and unrealized gain (loss)		(8,286,514	)		230,063,300			435,804,644		5,275			131,196,618
Net increase (decrease) in net assets from operations	$	(9,464,060	)	$	228,438,825		$	436,811,226	$	(19,530,514	)	$	133,525,419

See notes to the financial statements.

Page 34

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	CG - Conservative Fund			CG - Equity 100 Fund			CG - Equity Income Fund			CG - Fixed Income 100 Fund			CG - Growth Fund(a)			CG - Institutional Alt 100 Conservative Fund(a)			CG - Institutional Alt 100 Growth Fund(a)			CG - Institutional Alt 100 Moderate Fund			CG - Institutional Alt 65 Fund			CG - Interest Rate Opportunities Fund(a)
Operations
Net investment income (loss)	$	(154,048	)	$	(233,695	)	$	(182,664	)	$	(94,242	)	$	(134,407	)	$	(70,482	)	$	(132,444	)	$	(2,351,543	)	$	(741,305	)	$	(110,120	)
Net realized gain (loss) on investments		154,093			429,122			508,183			(171,425	)		192,557			(2,645	)		3,784			1,618,403			1,059,873			7,306
Net change in unrealized appreciation
(depreciation) on investments		(337,638	)		5,575,477			3,855,403			(450,394	)		2,269,338			206,646			912,682			5,808,303			5,424,661			363,121
Net increase (decrease) in net assets
from operations		(337,593	)		5,770,904			4,180,922			(716,061	)		2,327,488			133,519			784,022			5,075,163			5,743,229			260,307
Contract transactions 1
Purchase payments (Note 4)		42,393,942			37,008,092			23,055,137			21,852,928			38,027,067			15,430,501			31,997,795			161,607,610			62,871,089			24,105,699
Surrenders and terminations		(3,008,080	)		(769,538	)		(1,652,075	)		(713,528	)		(551,619	)		(276,513	)		(199,529	)		(7,952,973	)		(3,148,256	)		(383,673	)
Transfers between Investment Divisions		(8,251,109	)		3,836,592			1,337,644			(4,373,874	)		4,014,296			2,452,944			4,493,981			(18,796,313	)		(4,298,102	)		4,957,531
Contract owner charges (Note 3)		(19,184	)		(26,467	)		(15,489	)		(10,179	)		(1,314	)		(1,946	)		(5,882	)		(204,661	)		(102,309	)		(1,615	)
Net increase (decrease) in net assets
from contract transactions		31,115,569			40,048,679			22,725,217			16,755,347			41,488,430			17,604,986			36,286,365			134,653,663			55,322,422			28,677,942
Net increase (decrease) in net assets		30,777,976			45,819,583			26,906,139			16,039,286			43,815,918			17,738,505			37,070,387			139,728,826			61,065,651			28,938,249
Net assets beginning of period		24,477,443			3,442,699			16,286,228			6,019,762			-			-			-			135,531,012			46,330,618			-
Net assets end of period	$	55,255,419		$	49,262,282		$	43,192,367		$	22,059,048		$	43,815,918		$	17,738,505		$	37,070,387		$	275,259,838		$	107,396,269		$	28,938,249
1 Contract unit transactions
Units Outstanding at December 31, 2012		2,327,571			334,672			1,568,040			599,265			-			-			-			13,375,634			4,480,359			-
Units Issued		4,767,080			3,864,801			2,431,366			2,527,277			4,273,895			1,995,337			3,935,698			16,573,004			6,485,233			3,179,405
Units Redeemed		(1,827,011	)		(393,505	)		(400,621	)		(851,527	)		(241,084	)		(208,532	)		(268,425	)		(3,523,508	)		(1,303,977	)		(217,011	)
Units Outstanding at December 31, 2013		5,267,640			3,805,968			3,598,785			2,275,015			4,032,811			1,786,805			3,667,273			26,425,130			9,661,615			2,962,394
(a) Commencement of operations April 29, 2013.

See notes to the financial statements.

Page 35

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	CG - International Opportunities Conservative Fund(a)			CG - International Opportunities Growth Fund(a)			CG - International Opportunities Moderate Fund(a)			CG - Maximum Growth Fund			CG - Moderate Fund			CG - Moderate Growth Fund			CG - Multi-Strategy Income Fund(a)			CG - Real Assets Fund(a)			CG - Tactical Maximum Growth Fund			CG - Tactical Moderate Growth Fund
Operations
Net investment income (loss)	$	(7,669	)	$	(17,141	)	$	(15,873	)	$	(370,389	)	$	(642,556	)	$	(1,351,564	)	$	(85,725	)	$	(16,809	)	$	(447,792	)	$	(1,072,843	)
Net realized gain (loss) on investments		8,367			8,991			8,435			657,385			1,037,938			1,536,882			(5,188	)		5,962			544,903			2,174,825
Net change in unrealized appreciation
(depreciation) on investments		29,140			186,460			107,309			7,062,882			9,620,061			15,927,960			209,773			62,203			6,340,643			14,794,611
Net increase (decrease) in net assets
from operations		29,838			178,310			99,871			7,349,878			10,015,443			16,113,278			118,860			51,356			6,437,754			15,896,593
Contract transactions 1
Purchase payments (Note 4)		1,917,425			3,637,844			4,180,412			37,168,431			113,085,349			170,338,440			18,675,191			3,585,742			39,505,179			149,945,319
Surrenders and terminations		(27,321	)		(21,591	)		(50,858	)		(1,211,650	)		(5,363,683	)		(4,202,052	)		(475,463	)		(73,336	)		(977,768	)		(5,235,436	)
Transfers between Investment Divisions		(75,841	)		729,177			595,786			1,968,321			6,841,972			5,152,365			1,889,114			1,435,881			1,406,661			(2,182,451	)
Contract owner charges (Note 3)		(81	)		(137	)		(500	)		(46,413	)		(55,204	)		(110,144	)		(403	)		(1,039	)		(31,036	)		(113,166	)
Net increase (decrease) in net assets
from contract transactions		1,814,182			4,345,293			4,724,840			37,878,689			114,508,434			171,178,609			20,088,439			4,947,248			39,903,036			142,414,266
Net increase (decrease) in net assets		1,844,020			4,523,603			4,824,711			45,228,567			124,523,877			187,291,887			20,207,299			4,998,604			46,340,790			158,310,859
Net assets beginning of period		-			-			-			20,322,352			47,534,777			65,696,834			-			-			19,798,259			69,876,900
Net assets end of period	$	1,844,020		$	4,523,603		$	4,824,711		$	65,550,919		$	172,058,654		$	252,988,721		$	20,207,299		$	4,998,604		$	66,139,049		$	228,187,759
1 Contract unit transactions
Units Outstanding at December 31, 2012		-			-			-			1,976,237			4,558,983			6,298,789			-			-			1,947,960			6,822,506
Units Issued		222,418			484,130			548,188			3,991,652			11,518,622			17,073,886			2,330,320			538,767			4,308,536			15,235,099
Units Redeemed		(33,028	)		(37,043	)		(62,757	)		(545,500	)		(1,207,868	)		(1,440,788	)		(238,443	)		(30,229	)		(558,333	)		(2,068,524	)
Units Outstanding at December 31, 2013		189,390			447,087			485,431			5,422,389			14,869,737			21,931,887			2,091,877			508,538			5,698,163			19,989,081
(a) Commencement of operations April 29, 2013.

See notes to the financial statements.

Page 36

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	Curian Dynamic Risk Advantage - Diversified Fund			Curian Dynamic Risk Advantage - Growth Fund			Curian Dynamic Risk Advantage - Income Fund			Curian Focused International Equity Fund(b)			Curian Focused U.S. Equity Fund(b)			Curian Long Short Credit Fund(a)			Curian Tactical Advantage 35 Fund			Curian Tactical Advantage 60 Fund			Curian Tactical Advantage 75 Fund			Curian/ Aberdeen Latin America Fund(a)
Operations
Net investment income (loss)	$	(2,027,111	)	$	(394,806	)	$	(1,393,805	)	$	(899	)	$	(708	)	$	(20,550	)	$	(286,476	)	$	(546,648	)	$	(464,546	)	$	2,456
Net realized gain (loss) on investments		479,467			1,823,907			220,929			2,747			211			12,239			273,121			558,374			678,154			(4,029	)
Net change in unrealized appreciation
(depreciation) on investments		795,902			(831,335	)		67,581			9,123			23,594			165,729			1,299,437			5,979,314			6,764,844			(75,449	)
Net increase (decrease) in net assets
from operations		(751,742	)		597,766			(1,105,295	)		10,971			23,097			157,418			1,286,082			5,991,040			6,978,452			(77,022	)
Contract transactions 1
Purchase payments (Note 4)		172,605,488			42,029,560			103,356,949			382,736			368,171			4,249,320			18,911,085			50,297,215			39,598,051			1,007,964
Surrenders and terminations		(10,742,952	)		(1,493,105	)		(7,551,656	)		(176	)		(1,837	)		(164,278	)		(1,514,858	)		(1,584,601	)		(1,422,495	)		(24,969	)
Transfers between Investment Divisions		(20,700,550	)		(4,740,665	)		(18,143,692	)		31,007			148,358			1,333,964			(2,392,244	)		2,324,378			3,943,480			310,055
Contract owner charges (Note 3)		(158,395	)		(40,002	)		(69,271	)		(5	)		-			(177	)		(32,059	)		(29,397	)		(33,368	)		(107	)
Net increase (decrease) in net assets
from contract transactions		141,003,591			35,755,788			77,592,330			413,562			514,692			5,418,829			14,971,924			51,007,595			42,085,668			1,292,943
Net increase (decrease) in net assets		140,251,849			36,353,554			76,487,035			424,533			537,789			5,576,247			16,258,006			56,998,635			49,064,120			1,215,921
Net assets beginning of period		98,448,086			19,135,929			72,576,631			-			-			-			16,474,040			23,235,946			21,517,298			-
Net assets end of period	$	238,699,935		$	55,489,483		$	149,063,666		$	424,533		$	537,789		$	5,576,247		$	32,732,046		$	80,234,581		$	70,581,418		$	1,215,921
1 Contract unit transactions
Units Outstanding at December 31, 2012		9,840,197			2,024,980			7,067,437			-			-			-			1,593,338			2,227,687			2,043,996			-
Units Issued		17,897,882			4,953,184			10,774,399			63,412			49,464			631,115			2,233,768			5,211,644			4,145,061			168,552
Units Redeemed		(4,120,346	)		(1,147,872	)		(3,376,262	)		(22,931	)		(280	)		(78,644	)		(825,428	)		(602,338	)		(470,715	)		(21,563	)
Units Outstanding at December 31, 2013		23,617,733			5,830,292			14,465,574			40,481			49,184			552,471			3,001,678			6,836,993			5,718,342			146,989
(a) Commencement of operations April 29, 2013.
(b) Commencement of operations September 16, 2013.

See notes to the financial statements.

Page 37

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	Curian/ American Funds Global Growth Fund(b)			Curian/ American Funds Growth Fund			Curian/AQR Risk Parity Fund(b)			Curian/ Ashmore Emerging Market Small Cap Equity Fund(a)			Curian/Baring International Fixed Income Fund(a)			Curian/ Black Rock Global Long Short Credit Fund(a)			Curian/DFA U.S. Micro Cap Fund			Curian/ Double Line Total Return Fund(b)			Curian/ Eaton Vance Global Macro Absolute Return Advantage Fund(a)			Curian/ Epoch Global Shareholder Yield Fund
Operations
Net investment income (loss)	$	(5,912	)	$	(204,668	)	$	(1,931	)	$	(4,575	)	$	3,048		$	(78,829	)	$	5,175		$	(6,569	)	$	(29,571	)	$	359,252
Net realized gain (loss) on investments		2,163			533,035			1,664			4,149			209			19,538			205,236			757			(22,527	)		1,636,435
Net change in unrealized appreciation
(depreciation) on investments		220,558			5,809,551			(11,414	)		74,442			(16,541	)		314,262			1,817,320			(33,431	)		(19,137	)		(570,604	)
Net increase (decrease) in net assets
from operations		216,809			6,137,918			(11,681	)		74,016			(13,284	)		254,971			2,027,731			(39,243	)		(71,235	)		1,425,083
Contract transactions 1
Purchase payments (Note 4)		3,931,144			25,937,927			885,223			1,048,219			942,397			16,284,811			9,541,427			3,922,745			6,276,719			9,932,417
Surrenders and terminations		(21,433	)		(739,401	)		(2,259	)		(5,447	)		(44,169	)		(418,577	)		(114,377	)		(19,855	)		(415,373	)		(182,218	)
Transfers between Investment Divisions		936,339			4,023,557			476,878			410,459			325,470			6,189,114			4,227,984			1,303,632			1,662,507			2,770,411
Contract owner charges (Note 3)		(38	)		(16,613	)		(141	)		(139	)		(91	)		(2,023	)		(2,013	)		(115	)		(1,173	)		(3,033	)
Net increase (decrease) in net assets
from contract transactions		4,846,012			29,205,470			1,359,701			1,453,092			1,223,607			22,053,325			13,653,021			5,206,407			7,522,680			12,517,577
Net increase (decrease) in net assets		5,062,821			35,343,388			1,348,020			1,527,108			1,210,323			22,308,296			15,680,752			5,167,164			7,451,445			13,942,660
Net assets beginning of period		-			9,870,365			-			-			-			-			507,732			-			-			1,647,561
Net assets end of period	$	5,062,821		$	45,213,753		$	1,348,020		$	1,527,108		$	1,210,323		$	22,308,296		$	16,188,484		$	5,167,164		$	7,451,445		$	15,590,221
1 Contract unit transactions
Units Outstanding at December 31, 2012		-			932,664			-			-			-			-			50,389			-			-			155,237
Units Issued		469,920			2,733,861			147,057			162,446			200,280			2,410,472			1,179,309			538,450			941,475			1,151,068
Units Redeemed		(8,280	)		(331,140	)		(12,647	)		(14,594	)		(73,602	)		(185,572	)		(99,398	)		(20,113	)		(152,891	)		(102,647	)
Units Outstanding at December 31, 2013		461,640			3,335,385			134,410			147,852			126,678			2,224,900			1,130,300			518,337			788,584			1,203,658
(a) Commencement of operations April 29, 2013.
(b) Commencement of operations September 16, 2013.

See notes to the financial statements.

Page 38

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	Curian/ FAMCO Flex Core Covered Call Fund			Curian/ Franklin Templeton Frontier Markets Fund			Curian/ Franklin Templeton Natural Resources Fund			Curian/ Lazard International Strategic Equity Fund(a)			Curian/ Neuberger Berman Currency Fund			Curian/ Nicholas Convertible Arbitrage Fund			Curian/ PIMCO Credit Income Fund			Curian/ PineBridge Merger Arbitrage Fund			Curian/ Schroder Emerging Europe Fund(a)			Curian/ T. Rowe Price Capital Appreciation Fund(b)
Operations
Net investment income (loss)	$	329,148		$	(54,007	)	$	(137,945	)	$	(8,455	)	$	27,797		$	(282,908	)	$	151,143		$	(547,902	)	$	13,443		$	11,175
Net realized gain (loss) on investments		259,568			19,471			127,875			6,196			(12,244	)		316,561			(198,238	)		215,806			(7,640	)		11,237
Net change in unrealized appreciation
(depreciation) on investments		3,134,363			816,156			1,014,774			234,183			(206,868	)		188,953			(672,683	)		(222,773	)		(2,757	)		161,943
Net increase (decrease) in net assets
from operations		3,723,079			781,620			1,004,704			231,924			(191,315	)		222,606			(719,778	)		(554,869	)		3,046			184,355
Contract transactions 1
Purchase payments (Note 4)		34,904,674			5,709,243			11,510,284			2,370,721			8,313,695			28,527,596			15,984,286			42,282,713			967,877			7,120,056
Surrenders and terminations		(984,385	)		(46,820	)		(503,034	)		(33,585	)		(403,116	)		(1,172,638	)		(925,111	)		(2,077,300	)		(8,915	)		(89,196	)
Transfers between Investment Divisions		6,720,499			3,582,849			782,461			869,261			(501,400	)		886,335			(7,918,192	)		(2,735,432	)		577,010			2,013,233
Contract owner charges (Note 3)		(19,771	)		(692	)		(10,238	)		(236	)		(2,224	)		(14,765	)		(7,280	)		(31,072	)		(33	)		(20	)
Net increase (decrease) in net assets
from contract transactions		40,621,017			9,244,580			11,779,473			3,206,161			7,406,955			28,226,528			7,133,703			37,438,909			1,535,939			9,044,073
Net increase (decrease) in net assets		44,344,096			10,026,200			12,784,177			3,438,085			7,215,640			28,449,134			6,413,925			36,884,040			1,538,985			9,228,428
Net assets beginning of period		14,885,142			497,493			6,510,301			-			3,768,025			12,035,041			12,981,551			26,942,221			-			-
Net assets end of period	$	59,229,238		$	10,523,693		$	19,294,478		$	3,438,085		$	10,983,665		$	40,484,175		$	19,395,476		$	63,826,261		$	1,538,985		$	9,228,428
1 Contract unit transactions
Units Outstanding at December 31, 2012		1,461,488			47,796			741,839			-			374,313			1,184,323			1,228,758			2,698,826			-			-
Units Issued		4,121,679			853,411			1,512,031			308,283			967,781			3,189,611			1,815,957			5,525,024			191,128			890,383
Units Redeemed		(368,080	)		(38,123	)		(208,736	)		(9,793	)		(217,883	)		(477,273	)		(1,157,867	)		(1,775,756	)		(42,133	)		(12,435	)
Units Outstanding at December 31, 2013		5,215,087			863,084			2,045,134			298,490			1,124,211			3,896,661			1,886,848			6,448,094			148,995			877,948
(a) Commencement of operations April 29, 2013.
(b) Commencement of operations September 16, 2013.

See notes to the financial statements.

Page 39

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	Curian/ The Boston Company Equity Income Fund			Curian/ The Boston Company Multi-Alpha Market Neutral Equity Fund			Curian/ UBS Global Long Short Fixed Income Opportunities Fund(a)			Curian/ Urdang International REIT Fund(a)			Curian/Van Eck International Gold Fund			JNL Disciplined Growth Fund			JNL Disciplined Moderate Fund			JNL Disciplined Moderate Growth Fund			JNL Institutional Alt 20 Fund			JNL Institutional Alt 35 Fund
Operations
Net investment income (loss)	$	124,819		$	(162,375	)	$	(28,875	)	$	37,594		$	(70,511	)	$	(1,998,408	)	$	(816,220	)	$	(2,677,035	)	$	9,132,723		$	4,386,615
Net realized gain (loss) on investments		2,413,667			(112,466	)		(12,144	)		5,083			(1,480,620	)		20,108,357			34,570,938			44,950,384			47,646,451			73,934,662
Net change in unrealized appreciation
(depreciation) on investments		1,114,881			111,222			(20,996	)		8,145			(3,976,675	)		61,216,577			89,361,587			141,529,615			120,726,003			143,005,705
Net increase (decrease) in net assets
from operations		3,653,367			(163,619	)		(62,015	)		50,822			(5,527,806	)		79,326,526			123,116,305			183,802,964			177,505,177			221,326,982
Contract transactions 1
Purchase payments (Note 4)		16,339,144			11,020,291			5,682,463			2,488,854			9,899,022			118,338,187			166,462,238			228,805,956			213,212,531			287,428,868
Surrenders and terminations		(484,514	)		(562,831	)		(148,267	)		(58,373	)		(263,347	)		(14,668,999	)		(38,866,460	)		(36,117,898	)		(56,720,302	)		(77,765,332	)
Transfers between Investment Divisions		5,774,979			(1,772,933	)		2,248,048			582,505			2,110,556			44,113,398			75,132,935			85,251,239			34,614,457			(43,207,915	)
Contract owner charges (Note 3)		(3,977	)		(7,462	)		(689	)		(106	)		(5,101	)		(4,464,669	)		(9,918,594	)		(11,033,891	)		(19,108,046	)		(26,535,398	)
Net increase (decrease) in net assets
from contract transactions		21,625,632			8,677,065			7,781,555			3,012,880			11,741,130			143,317,917			192,810,119			266,905,406			171,998,640			139,920,223
Net increase (decrease) in net assets		25,278,999			8,513,446			7,719,540			3,063,702			6,213,324			222,644,443			315,926,424			450,708,370			349,503,817			361,247,205
Net assets beginning of period		3,063,433			9,910,870			-			-			5,077,899			299,068,849			710,905,979			766,027,023			1,348,029,107			1,954,019,344
Net assets end of period	$	28,342,432		$	18,424,316		$	7,719,540		$	3,063,702		$	11,291,223		$	521,713,292		$	1,026,832,403		$	1,216,735,393		$	1,697,532,924		$	2,315,266,549
1 Contract unit transactions
Units Outstanding at December 31, 2012		285,095			983,898			-			-			564,772			32,168,532			65,741,746			76,257,715			91,277,421			127,330,887
Units Issued		1,826,476			1,429,601			876,628			368,435			2,523,777			18,105,118			24,391,992			32,200,828			19,159,735			22,761,532
Units Redeemed		(163,161	)		(548,436	)		(95,883	)		(37,931	)		(652,935	)		(4,407,323	)		(7,957,810	)		(8,348,166	)		(8,076,748	)		(14,031,041	)
Units Outstanding at December 31, 2013		1,948,410			1,865,063			780,745			330,504			2,435,614			45,866,327			82,175,928			100,110,377			102,360,408			136,061,378
(a) Commencement of operations April 29, 2013.

See notes to the financial statements.

Page 40

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL Institutional Alt 50 Fund			JNL Institutional Alt 65 Fund			JNL/ American Funds Balanced Allocation Fund			JNL/ American Funds Blue Chip Income and Growth Fund			JNL/ American Funds Global Bond Fund			JNL/ American Funds Global Small Capitalization Fund			JNL/ American Funds Growth Allocation Fund			JNL/ American Funds Growth-Income Fund			JNL/ American Funds International Fund			JNL/ American Funds New World Fund
Operations
Net investment income (loss)	$	(5,560,993	)	$	(4,011,612	)	$	(1,975,498	)	$	(2,669,669	)	$	2,611,477		$	(1,936,876	)	$	(1,771,239	)	$	(7,397,370	)	$	(2,507,608	)	$	(4,726,739	)
Net realized gain (loss) on investments		73,443,579			27,652,605			3,324,391			31,297,829			293,404			7,987,966			3,710,694			42,532,410			9,176,732			9,106,550
Net change in unrealized appreciation
(depreciation) on investments		181,098,667			37,339,069			36,019,104			205,984,715			(23,165,003	)		50,677,047			35,729,585			281,743,138			70,190,657			44,475,309
Net increase (decrease) in net assets
from operations		248,981,253			60,980,062			37,367,997			234,612,875			(20,260,122	)		56,728,137			37,669,040			316,878,178			76,859,781			48,855,120
Contract transactions 1
Purchase payments (Note 4)		454,440,576			(3,061	)		174,954,945			228,118,534			55,845,833			64,590,695			154,573,787			373,289,709			101,657,099			111,409,108
Surrenders and terminations		(98,669,393	)		(34,931,751	)		(9,038,461	)		(32,377,292	)		(19,754,625	)		(8,475,458	)		(4,840,285	)		(44,584,807	)		(12,523,514	)		(15,327,017	)
Transfers between Investment Divisions		(76,401,819	)		(137,734,815	)		96,299,602			66,218,370			(23,062,259	)		13,881,308			71,910,994			113,208,299			29,606,881			35,536,464
Contract owner charges (Note 3)		(36,246,370	)		(9,701,762	)		(3,111,483	)		(10,264,003	)		(4,756,553	)		(2,842,735	)		(2,244,609	)		(12,965,273	)		(4,632,973	)		(5,812,644	)
Net increase (decrease) in net assets
from contract transactions		243,122,994			(182,371,389	)		259,104,603			251,695,609			8,272,396			67,153,810			219,399,887			428,947,928			114,107,493			125,805,911
Net increase (decrease) in net assets		492,104,247			(121,391,327	)		296,472,600			486,308,484			(11,987,726	)		123,881,947			257,068,927			745,826,106			190,967,274			174,661,031
Net assets beginning of period		2,705,104,036			868,139,725			142,837,578			658,754,170			445,074,008			192,196,308			100,620,278			815,499,141			340,653,242			443,042,554
Net assets end of period	$	3,197,208,283		$	746,748,398		$	439,310,178		$	1,145,062,654		$	433,086,282		$	316,078,255		$	357,689,205		$	1,561,325,247		$	531,620,516		$	617,703,585
1 Contract unit transactions
Units Outstanding at December 31, 2012		173,523,092			54,074,762			13,849,024			58,871,135			40,202,262			18,876,084			9,734,050			71,036,826			32,462,317			40,339,639
Units Issued		36,613,812			264,449			25,696,083			25,265,200			10,804,974			8,847,738			21,460,211			43,974,589			13,717,555			16,858,238
Units Redeemed		(21,623,795	)		(11,236,521	)		(2,058,038	)		(5,749,957	)		(10,113,815	)		(3,109,628	)		(2,146,511	)		(11,288,233	)		(3,759,864	)		(5,748,221	)
Units Outstanding at December 31, 2013		188,513,109			43,102,690			37,487,069			78,386,378			40,893,421			24,614,194			29,047,750			103,723,182			42,420,008			51,449,656

See notes to the financial statements.

Page 41

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL/ AQR Managed Futures Strategy Fund			JNL/ BlackRock Commodity Securities Strategy Fund			JNL/ BlackRock Global Allocation Fund			JNL/ BlackRock Large Cap Select Growth Fund			JNL/ Brookfield Global Infrastructure Fund			JNL/ Capital Guardian Global Balanced Fund			JNL/ Capital Guardian Global Diversified Research Fund			JNL/ DFA U.S. Core Equity Fund			JNL/Eagle SmallCap Equity Fund			JNL/ Eastspring Investments Asia ex-Japan Fund
Operations
Net investment income (loss)	$	1,971,806		$	(10,446,911	)	$	(17,189,878	)	$	(7,145,634	)	$	(1,337,135	)	$	888,709		$	(913,300	)	$	(1,154,888	)	$	(13,319,397	)	$	(367,705	)
Net realized gain (loss) on investments		256,411			13,793,947			26,014,067			59,698,942			11,134,510			9,250,955			15,591,974			23,641,451			59,514,492			(1,642,690	)
Net change in unrealized appreciation
(depreciation) on investments		772,727			66,596,159			238,074,708			106,302,358			35,563,171			44,931,108			55,516,585			50,568,008			179,519,345			(8,935,790	)
Net increase (decrease) in net assets
from operations		3,000,944			69,943,195			246,898,897			158,855,666			45,360,546			55,070,772			70,195,259			73,054,571			225,714,440			(10,946,185	)
Contract transactions 1
Purchase payments (Note 4)		48,842,938			108,203,892			718,979,044			37,643,609			128,699,260			39,106,443			25,233,072			67,611,752			153,682,703			16,768,834
Surrenders and terminations		(1,418,400	)		(47,484,941	)		(73,912,492	)		(27,507,456	)		(7,309,591	)		(27,052,238	)		(20,363,163	)		(12,388,489	)		(43,888,611	)		(5,676,735	)
Transfers between Investment Divisions		4,775,889			(53,649,542	)		241,364,030			(12,037,952	)		130,100,045			2,489,610			1,287,485			63,333,510			92,256,271			(15,238,980	)
Contract owner charges (Note 3)		(22,602	)		(9,496,689	)		(23,329,203	)		(4,437,581	)		(2,053,018	)		(3,778,266	)		(3,059,732	)		(2,389,668	)		(9,344,324	)		(1,390,557	)
Net increase (decrease) in net assets
from contract transactions		52,177,825			(2,427,280	)		863,101,379			(6,339,380	)		249,436,696			10,765,549			3,097,662			116,167,105			192,706,039			(5,537,438	)
Net increase (decrease) in net assets		55,178,769			67,515,915			1,110,000,276			152,516,286			294,797,242			65,836,321			73,292,921			189,221,676			418,420,479			(16,483,623	)
Net assets beginning of period		20,519,911			891,760,261			1,525,570,362			444,454,611			100,565,052			394,420,593			329,409,224			181,722,508			712,882,647			140,464,249
Net assets end of period	$	75,698,680		$	959,276,176		$	2,635,570,638		$	596,970,897		$	395,362,294		$	460,256,914		$	402,702,145		$	370,944,184		$	1,131,303,126		$	123,980,626
1 Contract unit transactions
Units Outstanding at December 31, 2012		2,083,260			87,616,736			144,545,740			16,378,558			8,305,334			32,328,316			12,053,550			9,997,063			23,890,911			15,873,890
Units Issued		5,701,683			15,738,345			88,800,633			2,293,764			19,678,305			4,945,179			1,610,386			6,939,628			8,851,003			5,455,860
Units Redeemed		(529,740	)		(16,153,882	)		(11,930,014	)		(2,676,845	)		(1,173,896	)		(4,144,291	)		(1,575,535	)		(1,730,772	)		(3,309,980	)		(6,207,886	)
Units Outstanding at December 31, 2013		7,255,203			87,201,199			221,416,359			15,995,477			26,809,743			33,129,204			12,088,401			15,205,919			29,431,934			15,121,864

See notes to the financial statements.

Page 42

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL/ Eastspring Investments China-India Fund			JNL/ Franklin Templeton Founding Strategy Fund			JNL/Franklin Templeton Global Growth Fund			JNL/Franklin Templeton Global Multisector Bond Fund			JNL/Franklin Templeton Income Fund			JNL/Franklin Templeton International Small Cap Growth Fund			JNL/Franklin Templeton Mutual Shares Fund			JNL/Franklin Templeton Small Cap Value Fund			JNL/Goldman Sachs Core Plus Bond Fund			JNL/Goldman Sachs Emerging Markets Debt Fund
Operations
Net investment income (loss)	$	(1,937,768	)	$	6,363,639		$	(188,737	)	$	5,004,466		$	34,720,183		$	(1,242,465	)	$	(2,805,778	)	$	(2,276,827	)	$	7,944,342		$	16,119,375
Net realized gain (loss) on investments		(7,308,339	)		40,100,948			15,232,016			7,681,130			25,690,244			27,579,063			17,067,921			31,219,550			21,631,244			9,413,511
Net change in unrealized appreciation
(depreciation) on investments		(5,824,732	)		212,184,767			62,665,405			(6,049,945	)		94,734,418			57,180,201			95,285,914			87,764,621			(48,803,754	)		(53,289,445	)
Net increase (decrease) in net assets
from operations		(15,070,839	)		258,649,354			77,708,684			6,635,651			155,144,845			83,516,799			109,548,057			116,707,344			(19,228,168	)		(27,756,559	)
Contract transactions 1
Purchase payments (Note 4)		35,028,840			145,234,262			54,278,316			176,739,207			241,406,823			64,986,264			68,740,977			85,615,121			64,574,182			19,059,289
Surrenders and terminations		(15,238,165	)		(93,669,280	)		(15,652,159	)		(23,171,947	)		(74,064,970	)		(16,191,205	)		(20,993,275	)		(20,139,190	)		(51,595,040	)		(14,689,156	)
Transfers between Investment Divisions		(19,105,818	)		16,087,872			96,219,678			146,936,885			119,608,138			48,466,601			15,014,417			59,041,149			(114,936,397	)		(52,657,470	)
Contract owner charges (Note 3)		(3,646,906	)		(12,512,198	)		(3,147,439	)		(4,720,171	)		(13,032,203	)		(3,079,851	)		(4,847,980	)		(4,070,625	)		(6,337,618	)		(2,715,209	)
Net increase (decrease) in net assets
from contract transactions		(2,962,049	)		55,140,656			131,698,396			295,783,974			273,917,788			94,181,809			57,914,139			120,446,455			(108,294,873	)		(51,002,546	)
Net increase (decrease) in net assets		(18,032,888	)		313,790,010			209,407,080			302,419,625			429,062,633			177,698,608			167,462,196			237,153,799			(127,523,041	)		(78,759,105	)
Net assets beginning of period		347,086,792			1,153,797,670			230,043,936			297,966,454			1,127,678,844			241,752,024			391,902,433			326,695,398			732,593,079			317,363,963
Net assets end of period	$	329,053,904		$	1,467,587,680		$	439,451,016		$	600,386,079		$	1,556,741,477		$	419,450,632		$	559,364,629		$	563,849,197		$	605,070,038		$	238,604,858
1 Contract unit transactions
Units Outstanding at December 31, 2012		46,689,948			119,513,314			26,252,753			25,535,422			92,341,143			28,647,061			43,186,639			23,244,036			29,455,873			21,400,333
Units Issued		11,963,639			19,222,234			19,047,542			35,682,636			32,600,945			17,003,439			10,534,140			12,449,696			5,459,913			1,756,296
Units Redeemed		(12,679,026	)		(14,400,428	)		(6,305,541	)		(10,806,283	)		(11,747,932	)		(7,645,338	)		(4,970,168	)		(5,460,957	)		(10,163,004	)		(5,479,825	)
Units Outstanding at December 31, 2013		45,974,561			124,335,120			38,994,754			50,411,775			113,194,156			38,005,162			48,750,611			30,232,775			24,752,782			17,676,804

See notes to the financial statements.

Page 43

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL/Goldman Sachs Mid Cap Value Fund			JNL/Goldman Sachs U.S. Equity Flex Fund			JNL/Invesco Global Real Estate Fund			JNL/Invesco International Growth Fund			JNL/Invesco Large Cap Growth Fund			JNL/Invesco Mid Cap Value Fund			JNL/Invesco Small Cap Growth Fund			JNL/Ivy Asset Strategy Fund			JNL/JPMorgan International Value Fund			JNL/JPMorgan MidCap Growth Fund
Operations
Net investment income (loss)	$	(5,358,653	)	$	(2,098,456	)	$	15,524,420		$	(1,463,475	)	$	(4,300,011	)	$	(3,054,917	)	$	(4,669,960	)	$	(1,924,432	)	$	7,849,305		$	(4,852,877	)
Net realized gain (loss) on investments		126,028,382			13,441,736			27,478,554			13,691,528			48,151,374			12,264,801			30,325,183			55,014,337			2,895,306			24,125,262
Net change in unrealized appreciation
(depreciation) on investments		3,414,742			31,205,497			(42,281,980	)		58,231,039			86,022,557			48,869,585			80,654,472			433,114,750			55,687,693			105,591,939
Net increase (decrease) in net assets
from operations		124,084,471			42,548,777			720,994			70,459,092			129,873,920			58,079,469			106,309,695			486,204,655			66,432,304			124,864,324
Contract transactions 1
Purchase payments (Note 4)		83,416,494			17,015,942			183,785,896			82,467,214			56,665,559			27,028,697			73,745,321			462,178,314			40,758,242			81,417,277
Surrenders and terminations		(25,691,567	)		(8,535,139	)		(41,173,190	)		(23,504,101	)		(23,581,653	)		(13,974,335	)		(20,043,487	)		(90,749,404	)		(22,800,708	)		(19,923,361	)
Transfers between Investment Divisions		6,888,298			13,831,136			67,939,452			34,157,090			23,544,311			(11,797,492	)		98,768,335			124,954,986			46,145,457			59,272,401
Contract owner charges (Note 3)		(4,849,488	)		(1,490,612	)		(8,479,280	)		(3,793,974	)		(3,757,117	)		(1,983,040	)		(3,224,258	)		(25,556,994	)		(3,110,666	)		(3,349,263	)
Net increase (decrease) in net assets
from contract transactions		59,763,737			20,821,327			202,072,878			89,326,229			52,871,100			(726,170	)		149,245,911			470,826,902			60,992,325			117,417,054
Net increase (decrease) in net assets		183,848,208			63,370,104			202,793,872			159,785,321			182,745,020			57,353,299			255,555,606			957,031,557			127,424,629			242,281,378
Net assets beginning of period		370,054,496			122,758,090			722,380,805			368,672,837			328,821,354			202,355,869			220,180,073			1,950,723,274			312,525,312			277,545,638
Net assets end of period	$	553,902,704		$	186,128,194		$	925,174,677		$	528,458,158		$	511,566,374		$	259,709,168		$	475,735,679		$	2,907,754,831		$	439,949,941		$	519,827,016
1 Contract unit transactions
Units Outstanding at December 31, 2012		26,395,237			13,715,059			49,884,889			21,338,781			26,084,620			10,391,288			12,723,050			165,395,239			24,333,822			11,186,133
Units Issued		10,472,261			5,117,292			22,280,330			8,726,687			9,430,928			2,195,063			11,269,241			51,690,285			8,429,151			6,129,768
Units Redeemed		(6,697,687	)		(3,102,800	)		(9,279,772	)		(4,146,450	)		(6,063,340	)		(2,282,370	)		(4,082,181	)		(15,005,451	)		(4,140,297	)		(2,636,622	)
Units Outstanding at December 31, 2013		30,169,811			15,729,551			62,885,447			25,919,018			29,452,208			10,303,981			19,910,110			202,080,073			28,622,676			14,679,279

See notes to the financial statements.

Page 44

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL/ JPMorgan U.S. Government & Quality Bond Fund			JNL/Lazard Emerging Markets Fund			JNL/M&G Global Basics Fund			JNL/M&G Global Leaders Fund(a)			JNL/MC 10 x 10 Fund			JNL/MC 25 Fund			JNL/MC Bond Index Fund			JNL/MC Communications Sector Fund			JNL/MC Consumer Brands Sector Fund			JNL/MC Dow 10 Fund
Operations
Net investment income (loss)	$	10,211,685		$	(768,964	)	$	426,520		$	(394,483	)	$	1,967,899		$	7,916,559		$	2,811,929		$	793,342		$	(2,884,269	)	$	(8,281,300	)
Net realized gain (loss) on investments		(625,327	)		17,938,342			1,945,455			8,134,717			15,267,682			84,016,235			1,312,570			6,167,762			37,302,112			47,149,563
Net change in unrealized appreciation
(depreciation) on investments		(44,654,145	)		(36,871,201	)		(520,193	)		(889,133	)		54,409,929			137,295,401			(28,859,307	)		11,020,311			74,799,297			91,323,336
Net increase (decrease) in net assets
from operations		(35,067,787	)		(19,701,823	)		1,851,782			6,851,101			71,645,510			229,228,195			(24,734,808	)		17,981,415			109,217,140			130,191,599
Contract transactions 1
Purchase payments (Note 4)		59,639,039			21,165,940			5,872,599			5,548,930			33,580,440			108,185,991			58,462,084			21,835,530			83,732,914			45,070,992
Surrenders and terminations		(53,384,454	)		(34,414,732	)		(2,853,149	)		(1,235,637	)		(16,706,588	)		(58,734,475	)		(44,786,993	)		(6,082,730	)		(20,089,342	)		(49,894,544	)
Transfers between Investment Divisions		(246,238,560	)		(83,235,484	)		(7,381,641	)		(49,595,066	)		(12,156,231	)		68,877,796			(52,882,086	)		1,886,874			109,425,688			(129,854	)
Contract owner charges (Note 3)		(5,969,078	)		(6,206,590	)		(687,330	)		(326,029	)		(3,006,267	)		(5,942,398	)		(4,508,865	)		(1,026,732	)		(3,494,851	)		(3,792,867	)
Net increase (decrease) in net assets
from contract transactions		(245,953,053	)		(102,690,866	)		(5,049,521	)		(45,607,802	)		1,711,354			112,386,914			(43,715,860	)		16,612,942			169,574,409			(8,746,273	)
Net increase (decrease) in net assets		(281,020,840	)		(122,392,689	)		(3,197,739	)		(38,756,701	)		73,356,864			341,615,109			(68,450,668	)		34,594,357			278,791,549			121,445,326
Net assets beginning of period		825,483,488			714,703,864			65,953,400			38,756,701			278,793,866			601,581,156			594,553,333			92,759,523			215,722,874			462,836,482
Net assets end of period	$	544,462,648		$	592,311,175		$	62,755,661		$	-		$	352,150,730		$	943,196,265		$	526,102,665		$	127,353,880		$	494,514,423		$	584,281,808
1 Contract unit transactions
Units Outstanding at December 31, 2012		40,223,450			51,917,193			4,866,922			3,136,044			29,122,596			34,601,524			42,018,066			15,048,511			15,046,368			43,453,852
Units Issued		8,270,206			2,531,298			922,655			1,150,424			4,348,506			11,882,683			8,068,660			9,148,899			15,597,324			9,392,958
Units Redeemed		(20,817,223	)		(10,436,728	)		(1,291,407	)		(4,286,468	)		(4,259,973	)		(6,359,785	)		(11,463,107	)		(6,999,947	)		(6,052,251	)		(10,299,395	)
Units Outstanding at December 31, 2013		27,676,433			44,011,763			4,498,170			-			29,211,129			40,124,422			38,623,619			17,197,463			24,591,441			42,547,415
(a) The period is from January 1, 2013 through acquisition September 13, 2013.

See notes to the financial statements.

Page 45

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL/MC Dow Dividend Fund(a)			JNL/MC Dow Jones U.S. Contrarian Opportunities Index Fund			JNL/MC Emerging Markets Index Fund			JNL/MC European 30 Fund			JNL/MC Financial Sector Fund			JNL/MC Global 15 Fund			JNL/MC Global Alpha Fund			JNL/MC Healthcare Sector Fund			JNL/MC Index 5 Fund			JNL/MC International Index Fund
Operations
Net investment income (loss)	$	7,198,348		$	(234,389	)	$	(1,958,174	)	$	42,873		$	(2,164,501	)	$	(6,545,555	)	$	(645,577	)	$	(5,438,253	)	$	498,363		$	6,727,965
Net realized gain (loss) on investments		51,944,801			2,004,528			21,664			1,540,024			25,614,569			30,739,229			(371,275	)		51,039,394			28,386,980			12,399,484
Net change in unrealized appreciation
(depreciation) on investments		(4,263,792	)		6,547,093			(13,402,516	)		14,271,884			61,331,624			22,030,291			(291,359	)		162,100,959			84,031,513			89,845,662
Net increase (decrease) in net assets
from operations		54,879,357			8,317,232			(15,339,026	)		15,854,781			84,781,692			46,223,965			(1,308,211	)		207,702,100			112,916,856			108,973,111
Contract transactions 1
Purchase payments (Note 4)		36,970,758			12,244,594			90,542,677			24,770,586			74,862,583			19,350,693			9,347,862			183,868,662			69,272,047			94,559,063
Surrenders and terminations		(17,278,061	)		(1,793,044	)		(10,730,962	)		(2,235,982	)		(19,624,443	)		(48,139,347	)		(2,154,337	)		(37,545,379	)		(23,051,431	)		(41,158,935	)
Transfers between Investment Divisions		(429,376,544	)		36,443,258			114,325,813			67,911,157			85,058,542			(22,759,922	)		(5,818,072	)		232,900,797			3,609,095			53,256,834
Contract owner charges (Note 3)		(2,528,930	)		(302,284	)		(2,831,696	)		(550,012	)		(3,289,915	)		(2,113,833	)		(377,231	)		(6,718,070	)		(6,021,892	)		(4,627,585	)
Net increase (decrease) in net assets
from contract transactions		(412,212,777	)		46,592,524			191,305,832			89,895,749			137,006,767			(53,662,409	)		998,222			372,506,010			43,807,819			102,029,377
Net increase (decrease) in net assets		(357,333,420	)		54,909,756			175,966,806			105,750,530			221,788,459			(7,438,444	)		(309,989	)		580,208,110			156,724,675			211,002,488
Net assets beginning of period		357,333,420			6,762,214			208,650,359			28,206,333			216,488,446			419,858,116			46,258,808			405,053,630			492,250,212			519,992,878
Net assets end of period	$	-		$	61,671,970		$	384,617,165		$	133,956,863		$	438,276,905		$	412,419,672		$	45,948,819		$	985,261,740		$	648,974,887		$	730,995,366
1 Contract unit transactions
Units Outstanding at December 31, 2012		45,878,539			668,992			19,952,612			2,404,949			26,844,565			27,156,260			4,586,908			27,467,976			47,204,673			33,781,381
Units Issued		8,038,505			5,337,592			24,704,257			7,468,052			24,124,385			3,144,131			1,212,003			27,189,831			9,774,480			10,830,868
Units Redeemed		(53,917,044	)		(1,556,087	)		(5,717,142	)		(1,000,966	)		(9,760,068	)		(6,493,918	)		(1,128,226	)		(6,822,459	)		(5,946,167	)		(5,063,633	)
Units Outstanding at December 31, 2013		-			4,450,497			38,939,727			8,872,035			41,208,882			23,806,473			4,670,685			47,835,348			51,032,986			39,548,616
(a) The period is from January 1, 2013 through acquisition September 13, 2013.

See notes to the financial statements.

Page 46

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL/MC JNL 5 Fund			JNL/MC JNL Optimized 5 Fund			JNL/MC Nasdaq 25 Fund			JNL/MC NYSE International 25 Fund			JNL/MC Oil & Gas Sector Fund			JNL/MC Pacific Rim 30 Fund			JNL/MC S&P 10 Fund(a)			JNL/MC S&P 24 Fund			JNL/MC S&P 400 MidCap Index Fund			JNL/MC S&P 500 Index Fund
Operations
Net investment income (loss)	$	30,177,038		$	4,799,503		$	(1,960,529	)	$	1,334,179		$	(2,908,952	)	$	1,917,029		$	(2,902,573	)	$	562,867		$	(5,697,497	)	$	(832,956	)
Net realized gain (loss) on investments		64,768,786			10,843,594			30,345,982			(2,536,762	)		53,420,713			2,816,422			33,838,227			13,038,395			71,815,659			95,491,062
Net change in unrealized appreciation
(depreciation) on investments		661,671,656			80,850,607			67,945,137			14,047,591			150,331,891			897,594			3,639,234			53,504,222			153,632,211			357,604,602
Net increase (decrease) in net assets
from operations		756,617,480			96,493,704			96,330,590			12,845,008			200,843,652			5,631,045			34,574,888			67,105,484			219,750,373			452,262,708
Contract transactions 1
Purchase payments (Note 4)		106,495,935			15,140,886			46,979,397			7,144,467			135,801,573			17,815,530			8,196,121			12,216,251			160,404,792			330,838,479
Surrenders and terminations		(298,912,028	)		(28,124,850	)		(17,575,217	)		(4,166,975	)		(57,572,954	)		(3,303,622	)		(22,191,031	)		(13,896,775	)		(55,767,367	)		(114,073,140	)
Transfers between Investment Divisions		(144,550,494	)		(24,157,542	)		22,393,894			(12,789,041	)		(7,554,764	)		18,130,412			(284,533,928	)		264,311,151			165,646,696			420,611,654
Contract owner charges (Note 3)		(17,940,385	)		(2,821,602	)		(2,635,789	)		(533,939	)		(9,666,005	)		(763,103	)		(870,218	)		(1,233,324	)		(6,999,438	)		(14,743,948	)
Net increase (decrease) in net assets
from contract transactions		(354,906,972	)		(39,963,108	)		49,162,285			(10,345,488	)		61,007,850			31,879,217			(299,399,056	)		261,397,303			263,284,683			622,633,045
Net increase (decrease) in net assets		401,710,508			56,530,596			145,492,875			2,499,520			261,851,502			37,510,262			(264,824,168	)		328,502,787			483,035,056			1,074,895,753
Net assets beginning of period		2,718,583,763			340,857,655			239,760,325			71,565,169			841,333,051			53,928,364			264,824,168			63,316,970			607,048,491			1,285,268,988
Net assets end of period	$	3,120,294,271		$	397,388,251		$	385,253,200		$	74,064,689		$	1,103,184,553		$	91,438,626		$	-		$	391,819,757		$	1,090,083,547		$	2,360,164,741
1 Contract unit transactions
Units Outstanding at December 31, 2012		219,540,023			35,365,061			18,134,020			10,481,364			25,822,105			3,883,957			29,602,328			5,802,155			32,654,324			103,714,160
Units Issued		11,134,384			3,166,644			8,749,956			2,589,511			7,138,374			3,668,281			2,713,801			23,160,904			18,335,198			63,422,068
Units Redeemed		(36,910,851	)		(6,929,802	)		(5,992,306	)		(4,155,514	)		(5,719,780	)		(1,623,720	)		(32,316,129	)		(2,983,706	)		(6,416,477	)		(20,452,775	)
Units Outstanding at December 31, 2013		193,763,556			31,601,903			20,891,670			8,915,361			27,240,699			5,928,518			-			25,979,353			44,573,045			146,683,453
(a) The period is from January 1, 2013 through acquisition September 13, 2013.

See notes to the financial statements.

Page 47

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL/MC S&P SMid 60 Fund			JNL/MC Select Small-Cap Fund(b)			JNL/MC Small Cap Index Fund			JNL/MC Technology Sector Fund			JNL/MC Utilities Sector Fund(a)			JNL/MC Value Line 30 Fund			JNL/MC VIP Fund(b)			JNL/Morgan Stanley Mid Cap Growth Fund			JNL/ Neuberger Berman Strategic Income Fund			JNL/ Oppenheimer Global Growth Fund
Operations
Net investment income (loss)	$	535,041		$	589,700		$	(2,111,832	)	$	(3,617,958	)	$	54,438		$	1,311,035		$	2,983,761		$	(464,340	)	$	(1,404,273	)	$	(2,262,742	)
Net realized gain (loss) on investments		17,604,202			35,905,401			91,578,750			18,220,106			(5,370	)		(711,126	)		21,092,617			1,816,220			407,441			16,559,950
Net change in unrealized appreciation
(depreciation) on investments		53,300,934			10,402,796			150,683,627			87,052,532			(35,868	)		106,750,012			17,113,896			8,075,791			(1,184,534	)		89,965,561
Net increase (decrease) in net assets
from operations		71,440,177			46,897,897			240,150,545			101,654,680			13,200			107,349,921			41,190,274			9,427,671			(2,181,366	)		104,262,769
Contract transactions 1
Purchase payments (Note 4)		51,124,415			11,026,730			111,393,142			69,063,206			2,436,674			16,018,011			6,109,342			19,091,567			50,200,925			75,733,016
Surrenders and terminations		(14,388,164	)		(19,845,436	)		(59,575,213	)		(22,700,600	)		(27,400	)		(43,035,647	)		(16,751,835	)		(1,220,285	)		(5,182,992	)		(25,933,196	)
Transfers between Investment Divisions		40,469,673			(288,108,460	)		321,554,757			24,497,958			554,097			(27,705,054	)		(260,444,306	)		20,842,975			25,159,176			75,933,031
Contract owner charges (Note 3)		(2,084,820	)		(893,971	)		(5,788,295	)		(4,507,343	)		(256	)		(2,339,851	)		(953,295	)		(333,225	)		(1,127,813	)		(4,388,195	)
Net increase (decrease) in net assets
from contract transactions		75,121,104			(297,821,137	)		367,584,391			66,353,221			2,963,115			(57,062,541	)		(272,040,094	)		38,381,032			69,049,296			121,344,656
Net increase (decrease) in net assets		146,561,281			(250,923,240	)		607,734,936			168,007,901			2,976,315			50,287,380			(230,849,820	)		47,808,703			66,867,930			225,607,425
Net assets beginning of period		181,031,361			250,923,240			559,726,962			393,846,584			-			357,999,234			230,849,820			11,507,693			66,681,136			375,827,906
Net assets end of period	$	327,592,642		$	-		$	1,167,461,898		$	561,854,485		$	2,976,315		$	408,286,614		$	-		$	59,316,396		$	133,549,066		$	601,435,331
1 Contract unit transactions
Units Outstanding at December 31, 2012		15,482,587			17,075,434			34,611,596			53,037,859			-			35,092,355			19,596,647			1,212,452			6,392,609			25,291,835
Units Issued		9,757,167			1,846,398			26,132,107			18,431,916			348,175			3,042,028			795,958			4,323,776			10,296,072			10,432,417
Units Redeemed		(4,524,611	)		(18,921,832	)		(8,060,611	)		(10,878,092	)		(35,920	)		(8,099,255	)		(20,392,605	)		(927,733	)		(3,681,587	)		(3,242,716	)
Units Outstanding at December 31, 2013		20,715,143			-			52,683,092			60,591,683			312,255			30,035,128			-			4,608,495			13,007,094			32,481,536
(a) Commencement of operations April 29, 2013.
(b) The period is from January 1, 2013 through acquisition September 13, 2013.

See notes to the financial statements.

Page 48

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL/PIMCO Real Return Fund			JNL/PIMCO Total Return Bond Fund			JNL/PPM America Floating Rate Income Fund			JNL/PPM America High Yield Bond Fund			JNL/PPM America Mid Cap Value Fund			JNL/PPM America Small Cap Value Fund			JNL/PPM America Value Equity Fund			JNL/Red Rocks Listed Private Equity Fund			JNL/S&P 4 Fund			JNL/S&P Competitive Advantage Fund
Operations
Net investment income (loss)	$	(6,763,096	)	$	(16,038,890	)	$	5,061,312		$	68,975,392		$	(1,836,127	)	$	(1,521,870	)	$	(309,105	)	$	31,025,581		$	(13,040,488	)	$	(3,759,792	)
Net realized gain (loss) on investments		102,147,913			5,611,186			4,348,691			79,666,231			15,801,956			21,073,715			12,328,224			14,702,141			163,917,753			60,796,991
Net change in unrealized appreciation
(depreciation) on investments		(300,792,321	)		(139,002,070	)		7,438,543			(57,195,824	)		48,795,630			19,978,161			33,429,102			91,965,922			475,463,072			88,603,651
Net increase (decrease) in net assets
from operations		(205,407,504	)		(149,429,774	)		16,848,546			91,445,799			62,761,459			39,530,006			45,448,221			137,693,644			626,340,337			145,640,850
Contract transactions 1
Purchase payments (Note 4)		211,962,764			516,444,069			328,040,490			225,908,872			40,990,736			22,196,232			12,681,946			63,654,831			573,088,799			77,124,683
Surrenders and terminations		(111,312,766	)		(264,179,903	)		(39,880,669	)		(92,979,984	)		(10,912,018	)		(6,537,322	)		(12,736,883	)		(18,351,523	)		(98,374,751	)		(23,559,321	)
Transfers between Investment Divisions		(694,251,281	)		(899,639,600	)		500,557,987			(2,944,094	)		49,445,897			42,146,073			13,676,119			(30,906,259	)		621,925,793			127,852,173
Contract owner charges (Note 3)		(17,248,396	)		(37,244,745	)		(6,005,603	)		(12,677,041	)		(1,941,364	)		(1,412,174	)		(1,021,237	)		(3,724,603	)		(17,806,229	)		(4,074,958	)
Net increase (decrease) in net assets
from contract transactions		(610,849,679	)		(684,620,179	)		782,712,205			117,307,753			77,583,251			56,392,809			12,599,945			10,672,446			1,078,833,612			177,342,577
Net increase (decrease) in net assets		(816,257,183	)		(834,049,953	)		799,560,751			208,753,552			140,344,710			95,922,815			58,048,166			148,366,090			1,705,173,949			322,983,427
Net assets beginning of period		2,175,078,995			4,251,064,074			278,372,496			1,362,795,543			115,388,032			94,059,329			112,313,637			346,531,159			1,217,211,551			293,492,476
Net assets end of period	$	1,358,821,812		$	3,417,014,121		$	1,077,933,247		$	1,571,549,095		$	255,732,742		$	189,982,144		$	170,361,803		$	494,897,249		$	2,922,385,500		$	616,475,903
1 Contract unit transactions
Units Outstanding at December 31, 2012		146,137,914			215,752,478			26,437,899			75,591,291			10,587,267			8,512,443			6,164,133			32,793,714			97,618,836			21,654,308
Units Issued		20,432,103			32,972,199			83,010,363			38,661,380			14,569,700			9,781,507			2,936,898			5,310,831			83,754,898			17,044,234
Units Redeemed		(64,892,099	)		(70,300,457	)		(9,920,655	)		(33,147,024	)		(8,317,424	)		(5,572,089	)		(2,392,570	)		(4,712,912	)		(16,250,651	)		(6,414,526	)
Units Outstanding at December 31, 2013		101,677,918			178,424,220			99,527,607			81,105,647			16,839,543			12,721,861			6,708,461			33,391,633			165,123,083			32,284,016

See notes to the financial statements.

Page 49

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL/S&P Dividend Income & Growth Fund			JNL/S&P Intrinsic Value Fund			JNL/S&P Managed Aggressive Growth Fund			JNL/S&P Managed Conservative Fund			JNL/S&P Managed Growth Fund			JNL/S&P Managed Moderate Fund			JNL/S&P Managed Moderate Growth Fund			JNL/S&P Total Yield Fund			JNL/T. Rowe Price Established Growth Fund			JNL/T. Rowe Price Mid-Cap Growth Fund
Operations
Net investment income (loss)	$	4,429,152		$	(1,575,567	)	$	(8,908,591	)	$	(15,932,094	)	$	(20,785,358	)	$	(30,083,674	)	$	(49,810,686	)	$	(679,955	)	$	(22,649,368	)	$	(26,929,642	)
Net realized gain (loss) on investments		99,880,772			59,034,688			47,070,610			26,505,688			97,286,381			51,965,028			99,749,994			38,409,710			167,428,179			198,630,750
Net change in unrealized appreciation
(depreciation) on investments		194,431,826			89,040,640			216,258,862			34,922,269			597,622,486			220,517,650			616,087,032			45,625,350			366,843,323			355,896,318
Net increase (decrease) in net assets
from operations		298,741,750			146,499,761			254,420,881			45,495,863			674,123,509			242,399,004			666,026,340			83,355,105			511,622,134			527,597,426
Contract transactions 1
Purchase payments (Note 4)		192,860,576			82,930,415			205,159,128			174,269,059			510,166,344			385,277,264			655,461,101			41,474,732			244,622,091			257,611,274
Surrenders and terminations		(65,444,751	)		(25,090,784	)		(54,761,466	)		(130,352,585	)		(177,353,472	)		(171,120,434	)		(246,452,590	)		(14,133,583	)		(93,307,393	)		(96,961,818	)
Transfers between Investment Divisions		545,329,067			175,261,943			43,839,410			(192,377,409	)		192,431,068			(25,991,445	)		139,470,359			140,937,089			45,615,771			17,906,830
Contract owner charges (Note 3)		(12,630,159	)		(4,216,351	)		(11,047,449	)		(17,317,116	)		(35,746,936	)		(31,114,282	)		(53,290,285	)		(2,206,025	)		(14,081,951	)		(17,107,896	)
Net increase (decrease) in net assets
from contract transactions		660,114,733			228,885,223			183,189,623			(165,778,051	)		489,497,004			157,051,103			495,188,585			166,072,213			182,848,518			161,448,390
Net increase (decrease) in net assets		958,856,483			375,384,984			437,610,504			(120,282,188	)		1,163,620,513			399,450,107			1,161,214,925			249,427,318			694,470,652			689,045,816
Net assets beginning of period		822,731,477			230,391,627			988,005,021			1,688,160,049			3,014,830,685			2,671,615,114			4,454,811,297			112,891,002			1,325,286,320			1,472,006,525
Net assets end of period	$	1,781,587,960		$	605,776,611		$	1,425,615,525		$	1,567,877,861		$	4,178,451,198		$	3,071,065,221		$	5,616,026,222		$	362,318,320		$	2,019,756,972		$	2,161,052,341
1 Contract unit transactions
Units Outstanding at December 31, 2012		66,372,579			17,948,593			62,718,514			130,694,974			184,989,723			197,840,305			272,199,349			10,414,822			39,722,692			28,526,725
Units Issued		58,016,397			23,447,785			18,511,430			22,961,624			43,995,736			36,275,854			52,204,365			20,128,960			11,631,161			7,315,746
Units Redeemed		(12,923,557	)		(9,468,494	)		(8,378,267	)		(35,979,749	)		(17,025,805	)		(25,446,124	)		(24,466,714	)		(8,191,155	)		(7,353,579	)		(4,878,213	)
Units Outstanding at December 31, 2013		111,465,419			31,927,884			72,851,677			117,676,849			211,959,654			208,670,035			299,937,000			22,352,627			44,000,274			30,964,258

See notes to the financial statements.

Page 50

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2013

	JNL/T. Rowe Price Short-Term Bond Fund			JNL/T. Rowe Price Value Fund			JNL/WMC Balanced Fund			JNL/WMC Money Market Fund			JNL/WMC Value Fund
Operations
Net investment income (loss)	$	(1,177,546	)	$	(1,624,475	)	$	1,006,582		$	(19,535,789	)	$	2,328,801
Net realized gain (loss) on investments		660,124			92,012,252			108,397,347			5,275			49,895,962
Net change in unrealized appreciation
(depreciation) on investments		(8,946,638	)		138,051,048			327,407,297			-			81,300,656
Net increase (decrease) in net assets
from operations		(9,464,060	)		228,438,825			436,811,226			(19,530,514	)		133,525,419
Contract transactions 1
Purchase payments (Note 4)		143,562,840			155,966,744			469,331,859			784,446,124			66,239,894
Surrenders and terminations		(47,130,469	)		(49,217,851	)		(143,123,136	)		(244,777,529	)		(30,425,139	)
Transfers between Investment Divisions		(30,454,671	)		70,246,358			165,322,955			(433,025,095	)		43,412,757
Contract owner charges (Note 3)		(6,307,991	)		(6,430,787	)		(28,076,837	)		(14,137,555	)		(4,575,200	)
Net increase (decrease) in net assets from
contract transactions		59,669,709			170,564,464			463,454,841			92,505,945			74,652,312
Net increase (decrease) in net assets		50,205,649			399,003,289			900,266,067			72,975,431			208,177,731
Net assets beginning of period		647,090,687			570,473,227			2,294,283,336			1,195,107,544			430,498,430
Net assets end of period	$	697,296,336		$	969,476,516		$	3,194,549,403		$	1,268,082,975		$	638,676,161
1 Contract unit transactions
Units Outstanding at December 31, 2012		61,301,432			34,539,227			73,603,848			97,906,679			19,603,130
Units Issued		28,892,662			18,395,134			19,795,408			123,607,118			6,532,196
Units Redeemed		(23,363,885	)		(9,781,720	)		(6,679,929	)		(116,930,791	)		(3,638,151	)
Units Outstanding at December 31, 2013		66,830,209			43,152,641			86,719,327			104,583,006			22,497,175

See notes to the financial statements.

Page 51

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	CG - Balanced Income Fund(a)			CG - Equity 100 Fund(b)			CG - Fixed 100 Fund(b)			CG -Institutional Alt 100 Fund(a)			CG - Institutional Alt 65 Fund(a)			CG - Maximize Income Fund(a)			CG - Maximum Growth Fund(a)			CG - Moderate Growth Fund(a)			CG - Rising Income Fund(a)			CG - Tactical Maximum Growth Fund(a)
Operations
Net investment income (loss)	$	(147,604	)	$	(3,311	)	$	(7,272	)	$	(386,232	)	$	(151,654	)	$	(86,113	)	$	(57,782	)	$	(196,146	)	$	(60,526	)	$	(68,956	)
Net realized gain (loss) on investments		48,959			364			564			46,175			39,837			68,604			12,779			95,320			25,220			29,492
Net change in unrealized appreciation
(depreciation) on investments		1,042,339			69,442			4,661			2,778,142			1,397,744			606,501			570,919			2,006,756			367,912			643,773
Net increase (decrease) in net assets
from operations		943,694			66,495			(2,047	)		2,438,085			1,285,927			588,992			525,916			1,905,930			332,606			604,309
Contract transactions 1
Purchase payments (Note 4)		46,489,871			3,117,060			5,760,218			131,494,025			44,532,913			22,496,203			19,218,315			65,048,258			16,152,750			20,776,178
Surrenders and terminations		(502,247	)		(32,855	)		(56,496	)		(751,049	)		(438,408	)		(285,713	)		(80,618	)		(907,513	)		(219,297	)		(616,560	)
Transfers between Investment Divisions		604,431			292,015			318,522			2,351,802			955,497			1,678,756			661,268			(343,753	)		20,489			(965,472	)
Contract owner charges (Note 3)		(972	)		(16	)		(435	)		(1,851	)		(5,311	)		(795	)		(2,529	)		(6,088	)		(320	)		(196	)
Net increase (decrease) in net assets
from contract transactions		46,591,083			3,376,204			6,021,809			133,092,927			45,044,691			23,888,451			19,796,436			63,790,904			15,953,622			19,193,950
Net increase (decrease) in net assets		47,534,777			3,442,699			6,019,762			135,531,012			46,330,618			24,477,443			20,322,352			65,696,834			16,286,228			19,798,259
Net assets beginning of period		-			-			-			-			-			-			-			-			-			-
Net assets end of period	$	47,534,777		$	3,442,699		$	6,019,762		$	135,531,012		$	46,330,618		$	24,477,443		$	20,322,352		$	65,696,834		$	16,286,228		$	19,798,259
1 Contract unit transactions
Units Outstanding at December 31, 2011		-			-			-			-			-			-			-			-			-			-
Units Issued		4,807,087			338,394			623,382			13,737,768			4,692,514			2,460,466			2,066,896			6,751,025			1,690,700			2,209,122
Units Redeemed		(248,104	)		(3,722	)		(24,117	)		(362,134	)		(212,155	)		(132,895	)		(90,659	)		(452,236	)		(122,660	)		(261,162	)
Units Outstanding at December 31, 2012		4,558,983			334,672			599,265			13,375,634			4,480,359			2,327,571			1,976,237			6,298,789			1,568,040			1,947,960
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.

See notes to the financial statements.

Page 52

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	CG - Tactical Moderate Growth Fund(a)			Curian Dynamic Risk Advantage - Aggressive Fund(a)			Curian Dynamic Risk Advantage - Diversified Fund(a)			Curian Dynamic Risk Advantage - Income Fund(a)			Curian Tactical Advantage 35 Fund(a)			Curian Tactical Advantage 60 Fund(a)			Curian Tactical Advantage 75 Fund(a)			Curian/ American Funds Growth Fund(a)			Curian/ DFA U.S. Micro Cap Fund(b)			Curian/Epoch Global Shareholder Yield Fund(a)
Operations
Net investment income (loss)	$	(208,647	)	$	(66,000	)	$	(321,085	)	$	516,094		$	72,101		$	116,708		$	113,985		$	(22,386	)	$	(524	)	$	14,698
Net realized gain (loss) on investments		71,125			(21,910	)		976,455			286,022			36,536			63,509			147,394			570			(10	)		4,682
Net change in unrealized appreciation
(depreciation) on investments		1,797,181			(287,797	)		(411,576	)		637,772			242,722			531,157			532,547			299,844			15,588			28,172
Net increase (decrease) in net assets
from operations		1,659,659			(375,707	)		243,794			1,439,888			351,359			711,374			793,926			278,028			15,054			47,552
Contract transactions 1
Purchase payments (Note 4)		67,417,626			19,655,591			99,356,997			72,080,232			15,246,875			22,728,193			20,479,108			9,694,283			393,042			1,606,340
Surrenders and terminations		(483,277	)		(91,963	)		(1,043,918	)		(597,349	)		(221,211	)		(304,367	)		(133,654	)		(50,257	)		(242	)		(24,971	)
Transfers between Investment Divisions		1,285,217			(51,793	)		(104,683	)		(344,538	)		1,097,163			101,760			379,995			(51,502	)		99,878			18,702
Contract owner charges (Note 3)		(2,325	)		(199	)		(4,104	)		(1,602	)		(146	)		(1,014	)		(2,077	)		(187	)		-			(62	)
Net increase (decrease) in net assets
from contract transactions		68,217,241			19,511,636			98,204,292			71,136,743			16,122,681			22,524,572			20,723,372			9,592,337			492,678			1,600,009
Net increase (decrease) in net assets		69,876,900			19,135,929			98,448,086			72,576,631			16,474,040			23,235,946			21,517,298			9,870,365			507,732			1,647,561
Net assets beginning of period		-			-			-			-			-			-			-			-			-			-
Net assets end of period	$	69,876,900		$	19,135,929		$	98,448,086		$	72,576,631		$	16,474,040		$	23,235,946		$	21,517,298		$	9,870,365		$	507,732		$	1,647,561
1 Contract unit transactions
Units Outstanding at December 31, 2011		-			-			-			-			-			-			-			-			-			-
Units Issued		7,102,083			2,242,686			10,371,753			7,490,820			1,675,488			2,342,977			2,288,604			996,051			52,327			167,251
Units Redeemed		(279,577	)		(217,706	)		(531,556	)		(423,383	)		(82,150	)		(115,290	)		(244,608	)		(63,387	)		(1,938	)		(12,014	)
Units Outstanding at December 31, 2012		6,822,506			2,024,980			9,840,197			7,067,437			1,593,338			2,227,687			2,043,996			932,664			50,389			155,237
(a)    Commencement of operations February 6, 2012.
(b)   Commencement of operations September 10, 2012.

See notes to the financial statements.

Page 53

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	Curian/FAMCO Flex Core Covered Call Fund(a)			Curian/Franklin Templeton Frontier Markets Fund(b)			Curian/Franklin Templeton Natural Resources Fund(a)			Curian/ Neuberger Berman Currency Fund(b)			Curian/Nicholas Convertible Arbitrage Fund(a)			Curian/ PIMCO Credit Income Fund(a)			Curian/ Pinebridge Merger Arbitrage Fund(a)			Curian/The Boston Company Equity Income Fund(a)			Curian/The Boston Company Multi- Alpha Market Neutral Equity Fund(a)			Curian/Van Eck International Gold Fund(b)
Operations
Net investment income (loss)	$	73,638		$	(394	)	$	9,071		$	(4,699	)	$	(35,536	)	$	75,634		$	(81,047	)	$	21,513		$	(29,659	)	$	(7,174	)
Net realized gain (loss) on investments		5,109			4			15,761			(205	)		7,744			106,527			456			13,889			(1,617	)		(16,566	)
Net change in unrealized appreciation
(depreciation) on investments		(75,596	)		15,071			73,403			(9,688	)		128,400			107,843			112,745			142,400			(77,880	)		(368,887	)
Net increase (decrease) in net assets
from operations		3,151			14,681			98,235			(14,592	)		100,608			290,004			32,154			177,802			(109,156	)		(392,627	)
Contract transactions 1
Purchase payments (Note 4)		13,476,514			424,580			6,551,470			3,343,579			11,488,270			13,765,617			24,914,990			2,749,139			9,481,941			3,885,203
Surrenders and terminations		(64,872	)		(17	)		(29,813	)		(31,632	)		(44,526	)		(527,279	)		(113,466	)		(58,927	)		(32,090	)		(34,792	)
Transfers between Investment Divisions		1,470,364			58,249			(109,576	)		470,670			490,698			(546,791	)		2,108,734			195,562			570,185			1,620,115
Contract owner charges (Note 3)		(15	)		-			(15	)		-			(9	)		-			(191	)		(143	)		(10	)		-
Net increase (decrease) in net assets
from contract transactions		14,881,991			482,812			6,412,066			3,782,617			11,934,433			12,691,547			26,910,067			2,885,631			10,020,026			5,470,526
Net increase (decrease) in net assets		14,885,142			497,493			6,510,301			3,768,025			12,035,041			12,981,551			26,942,221			3,063,433			9,910,870			5,077,899
Net assets beginning of period		-			-			-			-			-			-			-			-			-			-
Net assets end of period	$	14,885,142		$	497,493		$	6,510,301		$	3,768,025		$	12,035,041		$	12,981,551		$	26,942,221		$	3,063,433		$	9,910,870		$	5,077,899
1 Contract unit transactions
Units Outstanding at December 31, 2011		-			-			-			-			-			-			-			-			-			-
Units Issued		1,487,263			47,798			786,929			385,116			1,230,967			1,466,823			2,870,599			299,594			1,026,740			583,441
Units Redeemed		(25,775	)		(2	)		(45,090	)		(10,803	)		(46,644	)		(238,065	)		(171,773	)		(14,499	)		(42,842	)		(18,669	)
Units Outstanding at December 31, 2012		1,461,488			47,796			741,839			374,313			1,184,323			1,228,758			2,698,826			285,095			983,898			564,772
(a)    Commencement of operations February 6, 2012.
(b)    Commencement of operations September 10, 2012.

See notes to the financial statements.

Page 54

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL Disciplined Growth Fund			JNL Disciplined Moderate Fund			JNL Disciplined Moderate Growth Fund			JNL Institutional Alt 20 Fund			JNL Institutional Alt 35 Fund			JNL Institutional Alt 50 Fund			JNL Institutional Alt 65 Fund			JNL/American Funds Balanced Allocation Fund(a)			JNL/American Funds Blue Chip Income and Growth Fund			JNL/American Funds Global Bond Fund
Operations
Net investment income (loss)	$	(501,677	)	$	778,596		$	47,704		$	2,071,681		$	5,108,424		$	8,563,718		$	7,883,700		$	(723,366	)	$	(2,479,112	)	$	2,021,618
Net realized gain (loss) on investments		10,222,339			28,977,833			29,609,821			37,466,090			66,424,736			86,343,118			58,875,834			394,469			8,951,823			6,961,161
Net change in unrealized appreciation
(depreciation) on investments		16,890,762			30,244,235			41,451,055			58,406,944			77,062,787			90,730,640			15,628,815			5,340,031			44,866,398			5,773,605
Net increase (decrease) in net assets
from operations		26,611,424			60,000,664			71,108,580			97,944,715			148,595,947			185,637,476			82,388,349			5,011,134			51,339,109			14,756,384
Contract transactions 1
Purchase payments (Note 4)		91,504,811			213,255,344			226,480,789			342,963,789			456,383,523			718,733,144			68,294			104,520,806			215,162,347			98,431,610
Surrenders and terminations		(6,869,570	)		(28,012,654	)		(26,791,076	)		(34,787,928	)		(53,935,471	)		(69,951,204	)		(36,857,387	)		(2,487,878	)		(18,151,824	)		(18,730,066	)
Transfers between Investment Divisions		21,683,343			44,491,653			27,913,811			83,739,773			73,785,989			138,159,209			(109,159,377	)		36,315,905			36,715,127			31,777,138
Contract owner charges (Note 3)		(2,561,260	)		(5,870,816	)		(6,677,596	)		(13,722,947	)		(20,123,676	)		(26,613,080	)		(11,213,120	)		(522,389	)		(6,291,096	)		(4,147,945	)
Net increase (decrease) in net assets
from contract transactions		103,757,324			223,863,527			220,925,928			378,192,687			456,110,365			760,328,069			(157,161,590	)		137,826,444			227,434,554			107,330,737
Net increase (decrease) in net assets		130,368,748			283,864,191			292,034,508			476,137,402			604,706,312			945,965,545			(74,773,241	)		142,837,578			278,773,663			122,087,121
Net assets beginning of period		168,700,101			427,041,788			473,992,515			871,891,705			1,349,313,032			1,759,138,491			942,912,966			-			379,980,507			322,986,887
Net assets end of period	$	299,068,849		$	710,905,979		$	766,027,023		$	1,348,029,107		$	1,954,019,344		$	2,705,104,036		$	868,139,725		$	142,837,578		$	658,754,170		$	445,074,008
1 Contract unit transactions
Units Outstanding at December 31, 2011		20,489,685			44,150,353			53,139,214			64,683,060			96,467,649			123,288,463			64,231,310			-			37,953,296			30,387,404
Units Issued		15,033,886			27,039,038			29,047,893			32,124,013			39,101,991			66,205,183			481,290			15,091,428			27,963,379			17,201,062
Units Redeemed		(3,355,039	)		(5,447,645	)		(5,929,392	)		(5,529,652	)		(8,238,753	)		(15,970,554	)		(10,637,838	)		(1,242,404	)		(7,045,540	)		(7,386,203	)
Units Outstanding at December 31, 2012		32,168,532			65,741,746			76,257,715			91,277,421			127,330,887			173,523,092			54,074,762			13,849,024			58,871,135			40,202,262
(a)     Commencement of operations April 30, 2012.

See notes to the financial statements.

Page 55

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL/American Funds Global Small Capitalization Fund			JNL/American Funds Growth Allocation Fund(a)			JNL/American Funds Growth-Income Fund			JNL/American Funds International Fund			JNL/American Funds New World Fund			JNL/AQR Managed Futures Strategy Fund			JNL/BlackRock Commodity Securities Fund			JNL/BlackRock Global Allocation Fund			JNL/Brookfield Global Infrastructure Fund			JNL/Capital Guardian Global Balanced Fund
Operations
Net investment income (loss)	$	(1,216,720	)	$	(458,951	)	$	(3,967,442	)	$	(707,960	)	$	(1,451,154	)	$	(55,706	)	$	(13,020,837	)	$	(15,346,902	)	$	(581,632	)	$	2,005,128
Net realized gain (loss) on investments		(130,900	)		314,444			8,444,637			(430,077	)		852,690			15,126			1,484,365			3,675,401			575,978			2,321,402
Net change in unrealized appreciation
(depreciation) on investments		23,319,327			4,480,842			76,337,359			39,847,189			51,129,173			874,723			3,182,984			78,815,900			5,938,639			35,717,543
Net increase (decrease) in net assets
from operations		21,971,707			4,336,335			80,814,554			38,709,152			50,530,709			834,143			(8,353,488	)		67,144,399			5,932,985			40,044,073
Contract transactions 1
Purchase payments (Note 4)		49,801,042			67,807,916			294,298,565			88,860,530			113,941,984			18,331,306			141,962,802			768,725,415			44,668,454			43,248,743
Surrenders and terminations		(5,084,161	)		(690,625	)		(20,721,501	)		(7,605,582	)		(10,641,196	)		(60,840	)		(41,331,429	)		(30,773,171	)		(1,256,297	)		(26,301,559	)
Transfers between Investment Divisions		6,007,090			29,439,867			38,194,799			22,990,827			31,285,631			1,415,407			10,261,161			237,483,062			50,609,137			(10,799,655	)
Contract owner charges (Note 3)		(1,898,786	)		(273,215	)		(7,373,222	)		(3,115,970	)		(4,049,730	)		(105	)		(8,046,051	)		(11,134,162	)		(370,417	)		(3,339,137	)
Net increase (decrease) in net assets
from contract transactions		48,825,185			96,283,943			304,398,641			101,129,805			130,536,689			19,685,768			102,846,483			964,301,144			93,650,877			2,808,392
Net increase (decrease) in net assets		70,796,892			100,620,278			385,213,195			139,838,957			181,067,398			20,519,911			94,492,995			1,031,445,543			99,583,862			42,852,465
Net assets beginning of period		121,399,416			-			430,285,946			200,814,285			261,975,156			-			797,267,266			494,124,819			981,190			351,568,128
Net assets end of period	$	192,196,308		$	100,620,278		$	815,499,141		$	340,653,242		$	443,042,554		$	20,519,911		$	891,760,261		$	1,525,570,362		$	100,565,052		$	394,420,593
1 Contract unit transactions
Units Outstanding at December 31, 2011		13,852,765			-			43,194,539			22,149,701			27,587,021			-			77,839,402			50,563,049			94,783			32,123,854
Units Issued		8,046,918			10,666,255			32,866,475			12,914,605			17,224,234			2,161,618			23,110,245			101,237,073			8,930,082			4,867,148
Units Redeemed		(3,023,599	)		(932,205	)		(5,024,188	)		(2,601,989	)		(4,471,616	)		(78,358	)		(13,332,911	)		(7,254,382	)		(719,531	)		(4,662,686	)
Units Outstanding at December 31, 2012		18,876,084			9,734,050			71,036,826			32,462,317			40,339,639			2,083,260			87,616,736			144,545,740			8,305,334			32,328,316
(a)    Commencement of operations April 30, 2012.

See notes to the financial statements.

Page 56

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL/Capital Guardian Global Diversified Research Fund			JNL/DFA U.S. Core Equity Fund			JNL/Eagle SmallCap Equity Fund			JNL/Eastspring Investments Asia ex-Japan Fund			JNL/Eastspring Investments China-India Fund			JNL/Franklin Templeton Founding Strategy Fund			JNL/Franklin Templeton Global Growth Fund			JNL/Franklin Templeton Global Multisector Bond Fund			JNL/Franklin Templeton Income Fund			JNL/Franklin Templeton Inter- national Small Cap Growth Fund
Operations
Net investment income (loss)	$	(926,959	)	$	(903,561	)	$	(10,940,317	)	$	(1,177,422	)	$	(2,516,039	)	$	6,928,770		$	254,116		$	(1,682,700	)	$	32,429,322		$	133,006
Net realized gain (loss) on investments		6,449,043			2,929,074			19,857,714			2,211,297			(16,590,938	)		11,650,405			1,779,209			2,651,877			11,728,280			2,414,327
Net change in unrealized appreciation
(depreciation) on investments		38,077,645			15,087,215			62,395,493			19,815,407			77,004,425			124,035,221			32,316,360			18,448,252			51,305,480			41,373,949
Net increase (decrease) in net assets
from operations		43,599,729			17,112,728			71,312,890			20,849,282			57,897,448			142,614,396			34,349,685			19,417,429			95,463,082			43,921,282
Contract transactions 1
Purchase payments (Note 4)		30,865,668			38,111,822			146,512,983			23,670,984			47,427,514			131,381,340			34,182,811			112,194,775			213,978,081			33,302,292
Surrenders and terminations		(17,382,022	)		(8,334,791	)		(35,664,205	)		(5,594,334	)		(14,683,677	)		(75,624,487	)		(9,101,948	)		(6,008,526	)		(58,028,720	)		(7,908,231	)
Transfers between Investment Divisions		(11,271,701	)		(457,622	)		(87,182,710	)		2,192,749			(12,774,890	)		(37,650,672	)		22,203,843			170,402,753			54,704,895			14,799,309
Contract owner charges (Note 3)		(2,574,128	)		(1,502,165	)		(6,734,564	)		(1,308,945	)		(3,513,401	)		(9,658,806	)		(1,787,343	)		(1,249,058	)		(8,549,936	)		(1,893,718	)
Net increase (decrease) in net assets
from contract transactions		(362,183	)		27,817,244			16,931,504			18,960,454			16,455,546			8,447,375			45,497,363			275,339,944			202,104,320			38,299,652
Net increase (decrease) in net assets		43,237,546			44,929,972			88,244,394			39,809,736			74,352,994			151,061,771			79,847,048			294,757,373			297,567,402			82,220,934
Net assets beginning of period		286,171,678			136,792,536			624,638,253			100,654,513			272,733,798			1,002,735,899			150,196,888			3,209,081			830,111,442			159,531,090
Net assets end of period	$	329,409,224		$	181,722,508		$	712,882,647		$	140,464,249		$	347,086,792		$	1,153,797,670		$	230,043,936		$	297,966,454		$	1,127,678,844		$	241,752,024
1 Contract unit transactions
Units Outstanding at December 31, 2011		12,111,006			8,441,992			23,616,990			13,732,292			44,631,576			118,696,635			20,585,952			319,236			75,201,908			23,702,846
Units Issued		1,666,466			3,415,762			8,271,898			9,890,112			15,126,369			16,294,608			9,706,894			29,530,612			28,801,448			10,086,555
Units Redeemed		(1,723,922	)		(1,860,691	)		(7,997,976	)		(7,748,514	)		(13,067,997	)		(15,477,929	)		(4,040,093	)		(4,314,426	)		(11,662,214	)		(5,142,340	)
Units Outstanding at December 31, 2012		12,053,550			9,997,063			23,890,911			15,873,890			46,689,948			119,513,314			26,252,753			25,535,422			92,341,143			28,647,061

See notes to the financial statements.

Page 57

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL/Franklin Templeton Mutual Shares Fund			JNL/Franklin Templeton Small Cap Value Fund			JNL/Goldman Sachs Core Plus Bond Fund			JNL/Goldman Sachs Emerging Markets Debt Fund			JNL/Goldman Sachs Mid Cap Value Fund			JNL/Goldman Sachs U.S. Equity Flex Fund			JNL/Invesco Global Real Estate Fund			JNL/Invesco International Growth Fund			JNL/Invesco Large Cap Growth Fund			JNL/Invesco Small Cap Growth Fund
Operations
Net investment income (loss)	$	140,104		$	(3,712,222	)	$	5,807,522		$	(4,849,105	)	$	(1,326,469	)	$	(1,276,043	)	$	(4,213,971	)	$	822,889		$	(5,318,663	)	$	(3,299,483	)
Net realized gain (loss) on investments		4,697,598			14,587,675			31,145,010			7,190,772			10,065,496			3,361,312			9,567,842			2,386,773			20,466,787			16,349,441
Net change in unrealized appreciation
(depreciation) on investments		34,341,480			31,633,715			1,592,641			51,488,989			38,502,148			14,691,909			119,288,693			38,442,074			15,675,838			14,141,026
Net increase (decrease) in net assets
from operations		39,179,182			42,509,168			38,545,173			53,830,656			47,241,175			16,777,178			124,642,564			41,651,736			30,823,962			27,190,984
Contract transactions 1
Purchase payments (Note 4)		63,995,404			61,963,670			124,282,389			10,746,032			65,060,439			14,760,197			130,064,232			54,093,712			70,563,762			41,581,788
Surrenders and terminations		(16,068,843	)		(15,372,499	)		(51,460,788	)		(15,979,696	)		(16,820,627	)		(5,634,360	)		(26,914,086	)		(17,968,951	)		(19,683,497	)		(12,487,603	)
Transfers between Investment Divisions		(2,254,251	)		(21,103,956	)		50,065,428			(53,919,324	)		(4,428,816	)		4,955,493			91,148,984			9,889,160			(51,640,981	)		(1,129,746	)
Contract owner charges (Note 3)		(3,505,646	)		(2,876,715	)		(5,642,623	)		(3,097,965	)		(3,265,669	)		(995,740	)		(5,512,871	)		(2,943,505	)		(3,072,753	)		(1,983,228	)
Net increase (decrease) in net assets
from contract transactions		42,166,664			22,610,500			117,244,406			(62,250,953	)		40,545,327			13,085,590			188,786,259			43,070,416			(3,833,469	)		25,981,211
Net increase (decrease) in net assets		81,345,846			65,119,668			155,789,579			(8,420,297	)		87,786,502			29,862,768			313,428,823			84,722,152			26,990,493			53,172,195
Net assets beginning of period		310,556,587			261,575,730			576,803,500			325,784,260			282,267,994			92,895,322			408,951,982			283,950,685			301,830,861			167,007,878
Net assets end of period	$	391,902,433		$	326,695,398		$	732,593,079		$	317,363,963		$	370,054,496		$	122,758,090		$	722,380,805		$	368,672,837		$	328,821,354		$	220,180,073
1 Contract unit transactions
Units Outstanding at December 31, 2011		38,323,494			21,600,271			24,659,897			26,007,616			23,437,019			12,224,464			35,710,505			18,827,225			26,625,604			11,220,423
Units Issued		9,522,029			9,013,087			10,845,848			920,026			8,122,563			4,701,629			20,978,133			6,256,406			11,440,669			7,121,261
Units Redeemed		(4,658,884	)		(7,369,322	)		(6,049,872	)		(5,527,309	)		(5,164,345	)		(3,211,034	)		(6,803,749	)		(3,744,850	)		(11,981,653	)		(5,618,634	)
Units Outstanding at December 31, 2012		43,186,639			23,244,036			29,455,873			21,400,333			26,395,237			13,715,059			49,884,889			21,338,781			26,084,620			12,723,050

See notes to the financial statements.

Page 58

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL/Ivy Asset Strategy Fund			JNL/JPMorgan International Value Fund			JNL/JPMorgan MidCap Growth Fund			JNL/JPMorgan U.S. Government & Quality Bond Fund			JNL/Lazard Emerging Markets Fund			JNL/Lazard Mid Cap Equity Fund			JNL/M&G Global Basics Fund			JNL/M&G Global Leaders Fund			JNL/MC 10 x 10 Fund			JNL/MC 25 Fund
Operations
Net investment income (loss)	$	(23,562,324	)	$	8,898,608		$	(4,071,180	)	$	5,681,872		$	2,842,590		$	(2,635,254	)	$	(288,787	)	$	(143,124	)	$	2,353,800		$	3,626,410
Net realized gain (loss) on investments		10,802,176			(11,812,340	)		10,331,563			19,013,404			24,720,024			4,245,966			1,067,757			(425,028	)		8,497,851			30,775,290
Net change in unrealized appreciation
(depreciation) on investments		239,535,428			43,737,776			21,361,580			(10,756,373	)		110,427,293			11,131,217			2,050,256			4,402,475			24,190,560			45,982,488
Net increase (decrease) in net assets
from operations		226,775,280			40,824,044			27,621,963			13,938,903			137,989,907			12,741,929			2,829,226			3,834,323			35,042,211			80,384,188
Contract transactions 1
Purchase payments (Note 4)		430,431,337			38,511,840			56,143,107			141,894,322			5,594,172			35,062,089			11,105,067			6,559,121			29,963,694			80,581,377
Surrenders and terminations		(59,340,502	)		(17,061,191	)		(15,804,293	)		(64,364,114	)		(34,878,564	)		(14,557,113	)		(2,622,562	)		(1,275,214	)		(17,841,069	)		(46,436,506	)
Transfers between Investment Divisions		48,582,344			(10,637,345	)		11,971,477			24,560,071			(125,682,140	)		(35,466,727	)		1,268,391			1,134,643			(10,702,324	)		(11,276,598	)
Contract owner charges (Note 3)		(18,544,270	)		(2,369,865	)		(2,338,915	)		(6,479,221	)		(7,058,983	)		(1,671,992	)		(645,698	)		(342,967	)		(2,599,108	)		(3,655,120	)
Net increase (decrease) in net assets
from contract transactions		401,128,909			8,443,439			49,971,376			95,611,058			(162,025,515	)		(16,633,743	)		9,105,198			6,075,583			(1,178,807	)		19,213,153
Net increase (decrease) in net assets		627,904,189			49,267,483			77,593,339			109,549,961			(24,035,608	)		(3,891,814	)		11,934,424			9,909,906			33,863,404			99,597,341
Net assets beginning of period		1,322,819,085			263,257,829			199,952,299			715,933,527			738,739,472			206,247,683			54,018,976			28,846,795			244,930,462			501,983,815
Net assets end of period	$	1,950,723,274		$	312,525,312		$	277,545,638		$	825,483,488		$	714,703,864		$	202,355,869		$	65,953,400		$	38,756,701		$	278,793,866		$	601,581,156
1 Contract unit transactions
Units Outstanding at December 31, 2011		129,611,697			23,695,580			9,357,399			35,865,916			64,677,817			11,307,912			4,232,576			2,639,385			29,258,892			33,587,354
Units Issued		52,252,944			5,659,295			5,743,695			22,287,078			972,772			3,058,639			2,020,736			1,278,265			4,486,416			8,877,756
Units Redeemed		(16,469,402	)		(5,021,053	)		(3,914,961	)		(17,929,544	)		(13,733,396	)		(3,975,263	)		(1,386,390	)		(781,606	)		(4,622,712	)		(7,863,586	)
Units Outstanding at December 31, 2012		165,395,239			24,333,822			11,186,133			40,223,450			51,917,193			10,391,288			4,866,922			3,136,044			29,122,596			34,601,524

See notes to the financial statements.

Page 59

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL/MC Bond Index Fund			JNL/MC Communications Sector Fund			JNL/MC Consumer Brands Sector Fund			JNL/MC Dow 10 Fund			JNL/MC Dow Dividend Fund			JNL/MC Dow Jones U.S. Contrarian Opportunities Index Fund(a)			JNL/MC Emerging Markets Index Fund			JNL/MC European 30 Fund			JNL/MC Financial Sector Fund			JNL/MC Global 15 Fund
Operations
Net investment income (loss)	$	3,318,198		$	706,015		$	(1,780,634	)	$	(7,473,817	)	$	4,759,718		$	(31,676	)	$	(1,714,418	)	$	547,261		$	(1,179,406	)	$	(6,509,391	)
Net realized gain (loss) on investments		13,392,056			4,552,653			17,445,607			38,161,306			(2,537,851	)		(79,714	)		(2,947,275	)		(746,778	)		5,809,098			12,805,493
Net change in unrealized appreciation
(depreciation) on investments		(4,471,426	)		5,917,884			11,539,986			11,993,986			28,250,396			209,221			14,275,419			1,777,461			32,735,537			72,235,524
Net increase (decrease) in net assets
from operations		12,238,828			11,176,552			27,204,959			42,681,475			30,472,263			97,831			9,613,726			1,577,944			37,365,229			78,531,626
Contract transactions 1
Purchase payments (Note 4)		84,710,549			14,782,533			43,334,068			55,314,928			61,943,649			3,674,462			81,239,457			5,434,488			34,709,750			15,881,069
Surrenders and terminations		(50,631,159	)		(4,833,308	)		(9,700,442	)		(43,833,812	)		(21,382,291	)		(16,849	)		(5,088,954	)		(917,410	)		(12,233,865	)		(45,420,340	)
Transfers between Investment Divisions		(44,194,180	)		19,134,041			49,202,002			(80,190,320	)		(7,656,341	)		3,023,927			120,592,896			2,579,517			7,299,106			(27,559,185	)
Contract owner charges (Note 3)		(4,730,543	)		(685,313	)		(1,506,375	)		(3,004,066	)		(2,721,397	)		(17,157	)		(1,081,437	)		(260,938	)		(1,942,437	)		(2,007,597	)
Net increase (decrease) in net assets
from contract transactions		(14,845,333	)		28,397,953			81,329,253			(71,713,270	)		30,183,620			6,664,383			195,661,962			6,835,657			27,832,554			(59,106,053	)
Net increase (decrease) in net assets		(2,606,505	)		39,574,505			108,534,212			(29,031,795	)		60,655,883			6,762,214			205,275,688			8,413,601			65,197,783			19,425,573
Net assets beginning of period		597,159,838			53,185,018			107,188,662			491,868,277			296,677,537			-			3,374,671			19,792,732			151,290,663			400,432,543
Net assets end of period	$	594,553,333		$	92,759,523		$	215,722,874		$	462,836,482		$	357,333,420		$	6,762,214		$	208,650,359		$	28,206,333		$	216,488,446		$	419,858,116
1 Contract unit transactions
Units Outstanding at December 31, 2011		43,197,120			10,225,094			9,081,999			50,814,404			41,856,854			-			373,656			1,805,556			23,420,826			31,453,060
Units Issued		12,413,508			11,734,325			10,768,265			9,635,642			14,028,122			989,296			25,455,743			1,537,000			15,089,498			3,087,742
Units Redeemed		(13,592,562	)		(6,910,908	)		(4,803,896	)		(16,996,194	)		(10,006,437	)		(320,304	)		(5,876,787	)		(937,607	)		(11,665,759	)		(7,384,542	)
Units Outstanding at December 31, 2012		42,018,066			15,048,511			15,046,368			43,453,852			45,878,539			668,992			19,952,612			2,404,949			26,844,565			27,156,260
(a) Commencement of operations April 30, 2012.

See notes to the financial statements.

Page 60

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL/MC Global Alpha Fund			JNL/MC Healthcare Sector Fund			JNL/MC Index 5 Fund			JNL/MC International Index Fund			JNL/MC JNL 5 Fund			JNL/MC JNL Optimized 5 Fund			JNL/MC Nasdaq 25 Fund			JNL/MC NYSE International 25 Fund			JNL/MC Oil & Gas Sector Fund			JNL/MC Pacific Rim 30 Fund
Operations
Net investment income (loss)	$	(697,186	)	$	(2,266,138	)	$	429,514		$	5,771,364		$	35,959,868		$	4,240,936		$	(2,580,848	)	$	1,641,654		$	(4,004,317	)	$	186,444
Net realized gain (loss) on investments		964,028			18,135,735			20,433,380			(7,738,033	)		(68,378,128	)		(4,114,178	)		13,511,161			(9,258,240	)		17,595,946			1,830,150
Net change in unrealized appreciation
(depreciation) on investments		(1,865,753	)		31,309,250			28,628,814			72,147,737			442,018,342			39,532,257			15,052,524			13,819,668			5,043,137			2,675,707
Net increase (decrease) in net assets
from operations		(1,598,911	)		47,178,847			49,491,708			70,181,068			409,600,082			39,659,015			25,982,837			6,203,082			18,634,766			4,692,301
Contract transactions 1
Purchase payments (Note 4)		7,250,296			83,233,125			78,673,152			60,594,325			104,364,257			19,956,694			37,392,510			5,362,036			138,065,452			9,351,807
Surrenders and terminations		(2,182,694	)		(20,108,266	)		(16,369,982	)		(35,043,542	)		(232,647,225	)		(22,574,421	)		(11,475,547	)		(4,838,584	)		(50,154,737	)		(1,865,296	)
Transfers between Investment Divisions		(7,340,087	)		45,005,070			4,776,823			20,143,522			(211,150,088	)		(19,386,215	)		42,329,222			(1,043,792	)		(53,306,367	)		941,538
Contract owner charges (Note 3)		(491,660	)		(3,140,522	)		(4,644,892	)		(3,387,028	)		(18,366,868	)		(2,477,010	)		(1,744,863	)		(524,423	)		(8,108,540	)		(536,149	)
Net increase (decrease) in net assets
from contract transactions		(2,764,145	)		104,989,407			62,435,101			42,307,277			(357,799,924	)		(24,480,952	)		66,501,322			(1,044,763	)		26,495,808			7,891,900
Net increase (decrease) in net assets		(4,363,056	)		152,168,254			111,926,809			112,488,345			51,800,158			15,178,063			92,484,159			5,158,319			45,130,574			12,584,201
Net assets beginning of period		50,621,864			252,885,376			380,323,403			407,504,533			2,666,783,605			325,679,592			147,276,166			66,406,850			796,202,477			41,344,163
Net assets end of period	$	46,258,808		$	405,053,630		$	492,250,212		$	519,992,878		$	2,718,583,763		$	340,857,655		$	239,760,325		$	71,565,169		$	841,333,051		$	53,928,364
1 Contract unit transactions
Units Outstanding at December 31, 2011		4,864,593			20,055,622			40,955,602			30,833,422			250,691,885			38,067,524			13,156,362			10,686,471			25,205,201			3,287,635
Units Issued		876,935			13,882,542			10,346,469			8,135,489			11,103,787			3,060,672			10,886,307			4,465,240			7,533,736			1,768,647
Units Redeemed		(1,154,620	)		(6,470,188	)		(4,097,398	)		(5,187,530	)		(42,255,649	)		(5,763,135	)		(5,908,649	)		(4,670,347	)		(6,916,832	)		(1,172,325	)
Units Outstanding at December 31, 2012		4,586,908			27,467,976			47,204,673			33,781,381			219,540,023			35,365,061			18,134,020			10,481,364			25,822,105			3,883,957

See notes to the financial statements.

Page 61

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL/MC S&P 10 Fund			JNL/MC S&P 24 Fund			JNL/MC S&P 400 MidCap Index Fund			JNL/MC S&P 500 Index Fund			JNL/MC S&P SMid 60 Fund			JNL/MC Select Small-Cap Fund			JNL/MC Small Cap Index Fund			JNL/MC Technology Sector Fund			JNL/MC Value Line 30 Fund			JNL/MC VIP Fund
Operations
Net investment income (loss)	$	(4,211,319	)	$	(663,537	)	$	(2,621,362	)	$	2,299,546		$	(1,218,106	)	$	(3,516,682	)	$	1,221,177		$	(5,154,808	)	$	(5,887,620	)	$	966,483
Net realized gain (loss) on investments		(4,370,527	)		8,254,424			30,539,674			56,360,296			16,887,540			(10,190,457	)		32,690,234			39,171,689			(21,216,073	)		(8,565,692	)
Net change in unrealized appreciation
(depreciation) on investments		44,629,571			(2,141,843	)		46,675,932			69,884,206			3,275,867			45,510,630			27,382,455			(12,390,947	)		54,119,842			31,575,588
Net increase (decrease) in net assets
from operations		36,047,725			5,449,044			74,594,244			128,544,048			18,945,301			31,803,491			61,293,866			21,625,934			27,016,149			23,976,379
Contract transactions 1
Purchase payments (Note 4)		19,426,302			6,372,112			92,875,647			235,404,695			23,001,448			15,163,113			71,026,691			79,537,932			17,360,423			8,230,349
Surrenders and terminations		(31,350,943	)		(3,037,128	)		(41,502,663	)		(75,785,649	)		(9,991,692	)		(28,095,702	)		(38,405,663	)		(21,811,331	)		(30,954,280	)		(22,576,607	)
Transfers between Investment Divisions		35,993,931			1,088,113			21,349,678			113,949,191			(7,809,879	)		(5,943,687	)		58,100,214			4,533,899			(19,248,175	)		(21,747,615	)
Contract owner charges (Note 3)		(1,166,661	)		(533,871	)		(4,238,807	)		(8,875,753	)		(1,441,149	)		(1,198,835	)		(3,452,398	)		(3,913,074	)		(2,410,440	)		(1,506,546	)
Net increase (decrease) in net assets
from contract transactions		22,902,629			3,889,226			68,483,855			264,692,484			3,758,728			(20,075,111	)		87,268,844			58,347,426			(35,252,472	)		(37,600,419	)
Net increase (decrease) in net assets		58,950,354			9,338,270			143,078,099			393,236,532			22,704,029			11,728,380			148,562,710			79,973,360			(8,236,323	)		(13,624,040	)
Net assets beginning of period		205,873,814			53,978,700			463,970,392			892,032,456			158,327,332			239,194,860			411,164,252			313,873,224			366,235,557			244,473,860
Net assets end of period	$	264,824,168		$	63,316,970		$	607,048,491		$	1,285,268,988		$	181,031,361		$	250,923,240		$	559,726,962		$	393,846,584		$	357,999,234		$	230,849,820
1 Contract unit transactions
Units Outstanding at December 31, 2011		27,136,745			5,443,686			28,873,542			81,632,307			15,191,152			18,646,238			29,011,148			46,393,976			38,659,511			22,971,539
Units Issued		12,999,652			2,771,761			10,334,311			45,563,165			6,148,071			3,700,333			14,444,265			25,297,747			3,989,628			1,760,016
Units Redeemed		(10,534,069	)		(2,413,292	)		(6,553,529	)		(23,481,312	)		(5,856,636	)		(5,271,137	)		(8,843,817	)		(18,653,864	)		(7,556,784	)		(5,134,908	)
Units Outstanding at December 31, 2012		29,602,328			5,802,155			32,654,324			103,714,160			15,482,587			17,075,434			34,611,596			53,037,859			35,092,355			19,596,647

See notes to the financial statements.

Page 62

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL/Morgan Stanley Mid Cap Growth Fund(a)			JNL/Neuberger Berman Strategic Income Fund(a)			JNL/ Oppenheimer Global Growth Fund			JNL/PIMCO Real Return Fund			JNL/PIMCO Total Return Bond Fund			JNL/PPM America Floating Rate Income Fund			JNL/PPM America High Yield Bond Fund			JNL/PPM America Mid Cap Value Fund			JNL/PPM America Small Cap Value Fund			JNL/PPM America Value Equity Fund
Operations
Net investment income (loss)	$	(20,256	)	$	(363,102	)	$	(1,510,209	)	$	9,386,603		$	22,623,432		$	3,302,114		$	52,940,396		$	(1,600,779	)	$	(548,745	)	$	(246,789	)
Net realized gain (loss) on investments		(52,847	)		227,813			1,550,320			155,512,986			113,679,924			4,563,477			29,445,975			9,923,144			1,554,627			3,464,475
Net change in unrealized appreciation
(depreciation) on investments		294,487			1,788,045			56,317,458			(51,845,655	)		75,240,129			2,894,616			70,701,814			4,988,769			11,846,610			10,764,454
Net increase (decrease) in net assets
from operations		221,384			1,652,756			56,357,569			113,053,934			211,543,485			10,760,207			153,088,185			13,311,134			12,852,492			13,982,140
Contract transactions 1
Purchase payments (Note 4)		7,998,004			31,629,731			53,853,574			440,827,240			795,617,961			95,754,370			241,039,412			22,924,538			16,592,953			11,146,377
Surrenders and terminations		(95,610	)		(1,508,316	)		(19,279,153	)		(118,304,214	)		(260,098,281	)		(13,059,601	)		(73,911,456	)		(7,072,995	)		(4,827,585	)		(9,428,105	)
Transfers between Investment Divisions		3,421,848			35,140,053			3,223,132			229,269,607			555,835,873			57,539,352			181,162,487			(396,227	)		5,184,531			189,305
Contract owner charges (Note 3)		(37,933	)		(233,088	)		(2,992,838	)		(16,006,227	)		(32,761,812	)		(1,832,148	)		(9,411,352	)		(1,264,276	)		(938,335	)		(729,653	)
Net increase (decrease) in net assets
from contract transactions		11,286,309			65,028,380			34,804,715			535,786,406			1,058,593,741			138,401,973			338,879,091			14,191,040			16,011,564			1,177,924
Net increase (decrease) in net assets		11,507,693			66,681,136			91,162,284			648,840,340			1,270,137,226			149,162,180			491,967,276			27,502,174			28,864,056			15,160,064
Net assets beginning of period		-			-			284,665,622			1,526,238,655			2,980,926,848			129,210,316			870,828,267			87,885,858			65,195,273			97,153,573
Net assets end of period	$	11,507,693		$	66,681,136		$	375,827,906		$	2,175,078,995		$	4,251,064,074		$	278,372,496		$	1,362,795,543		$	115,388,032		$	94,059,329		$	112,313,637
1 Contract unit transactions
Units Outstanding at December 31, 2011		-			-			22,759,643			109,600,037			161,303,994			13,037,911			55,801,756			9,254,818			6,963,988			6,103,849
Units Issued		1,499,668			7,304,508			6,556,788			58,498,943			83,069,793			26,772,542			45,849,009			11,210,728			8,734,231			2,660,189
Units Redeemed		(287,216	)		(911,899	)		(4,024,596	)		(21,961,066	)		(28,621,309	)		(13,372,554	)		(26,059,474	)		(9,878,279	)		(7,185,776	)		(2,599,905	)
Units Outstanding at December 31, 2012		1,212,452			6,392,609			25,291,835			146,137,914			215,752,478			26,437,899			75,591,291			10,587,267			8,512,443			6,164,133
(a) Commencement of operations April 30, 2012.

See notes to the financial statements.

Page 63

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL/Red Rocks Listed Private Equity Fund			JNL/S&P 4 Fund			JNL/S&P Competitive Advantage Fund			JNL/S&P Dividend Income & Growth Fund			JNL/S&P Intrinsic Value Fund			JNL/S&P Managed Aggressive Growth Fund			JNL/S&P Managed Conservative Fund			JNL/S&P Managed Growth Fund			JNL/S&P Managed Moderate Fund			JNL/S&P Managed Moderate Growth Fund
Operations
Net investment income (loss)	$	(5,013,650	)	$	3,738,117		$	(2,175,759	)	$	849,335		$	(1,564,028	)	$	(4,915,908	)	$	14,582,278		$	(5,971,084	)	$	8,265,216		$	1,604,870
Net realized gain (loss) on investments		(3,481,035	)		90,623,884			15,356,589			60,546,302			8,365,536			15,450,779			38,297,989			123,513,904			103,008,571			177,121,864
Net change in unrealized appreciation
(depreciation) on investments		90,491,521			47,326,942			15,049,155			5,824,561			17,175,075			101,436,168			41,052,771			211,567,112			87,551,868			247,589,613
Net increase (decrease) in net assets
from operations		81,996,836			141,688,943			28,229,985			67,220,198			23,976,583			111,971,039			93,933,038			329,109,932			198,825,655			426,316,347
Contract transactions 1
Purchase payments (Note 4)		12,923,756			189,519,903			62,602,441			207,771,542			46,614,702			199,991,556			328,863,049			542,085,605			582,367,871			908,123,000
Surrenders and terminations		(14,297,104	)		(53,975,944	)		(14,452,577	)		(35,168,198	)		(13,413,629	)		(49,654,320	)		(104,823,488	)		(130,781,386	)		(143,026,976	)		(202,578,702	)
Transfers between Investment Divisions		(39,182,552	)		(5,692,108	)		65,806,457			60,815,383			(22,073,412	)		(15,193,055	)		195,835,717			27,246,659			114,679,390			122,019,634
Contract owner charges (Note 3)		(3,566,602	)		(10,443,667	)		(2,092,090	)		(6,976,189	)		(2,152,546	)		(7,976,549	)		(13,261,910	)		(25,885,934	)		(23,644,948	)		(39,617,010	)
Net increase (decrease) in net assets
from contract transactions		(44,122,502	)		119,408,184			111,864,231			226,442,538			8,975,115			127,167,632			406,613,368			412,664,944			530,375,337			787,946,922
Net increase (decrease) in net assets		37,874,334			261,097,127			140,094,216			293,662,736			32,951,698			239,138,671			500,546,406			741,774,876			729,200,992			1,214,263,269
Net assets beginning of period		308,656,825			956,114,424			153,398,260			529,068,741			197,439,929			748,866,350			1,187,613,643			2,273,055,809			1,942,414,122			3,240,548,028
Net assets end of period	$	346,531,159		$	1,217,211,551		$	293,492,476		$	822,731,477		$	230,391,627		$	988,005,021		$	1,688,160,049		$	3,014,830,685		$	2,671,615,114		$	4,454,811,297
1 Contract unit transactions
Units Outstanding at December 31, 2011		37,523,580			87,824,159			12,986,732			47,428,906			17,292,909			54,284,777			98,524,848			158,754,245			157,317,544			222,293,166
Units Issued		1,895,895			26,537,287			15,197,136			32,548,886			9,429,857			17,553,019			50,520,615			44,436,651			58,771,316			72,072,587
Units Redeemed		(6,625,761	)		(16,742,610	)		(6,529,560	)		(13,605,213	)		(8,774,173	)		(9,119,282	)		(18,350,489	)		(18,201,173	)		(18,248,555	)		(22,166,404	)
Units Outstanding at December 31, 2012		32,793,714			97,618,836			21,654,308			66,372,579			17,948,593			62,718,514			130,694,974			184,989,723			197,840,305			272,199,349

See notes to the financial statements.

Page 64

Jackson National Separate Account I

Statements of Changes in Net Assets

For the Year Ended December 31, 2012

	JNL/S&P Total Yield Fund			JNL/T. Rowe Price Established Growth Fund			JNL/T. Rowe Price Mid-Cap Growth Fund			JNL/T. Rowe Price Short-Term Bond Fund			JNL/T. Rowe Price Value Fund			JNL/UBS Large Cap Select Growth Fund			JNL/WMC Balanced Fund			JNL/WMC Money Market Fund			JNL/WMC Value Fund
Operations
Net investment income (loss)	$	(625,893	)	$	(17,929,818	)	$	(17,785,310	)	$	(2,890,733	)	$	(1,091,691	)	$	(5,969,524	)	$	(3,003,591	)	$	(16,673,987	)	$	3,146,320
Net realized gain (loss) on investments		3,864,313			50,798,582			84,042,231			1,825,977			14,362,296			52,293,131			51,200,000			3,531			27,006,035
Net change in unrealized appreciation
(depreciation) on investments		13,093,396			123,329,406			76,025,678			5,142,715			65,775,963			(9,296,256	)		109,316,668			-			23,358,376
Net increase (decrease) in net assets
from operations		16,331,816			156,198,170			142,282,599			4,077,959			79,046,568			37,027,351			157,513,077			(16,670,456	)		53,510,731
Contract transactions 1
Purchase payments (Note 4)		18,982,152			239,673,335			254,322,874			123,474,103			83,086,675			41,410,260			479,630,911			704,841,882			55,715,106
Surrenders and terminations		(7,225,102	)		(76,703,371	)		(73,706,991	)		(44,508,750	)		(38,428,099	)		(21,860,054	)		(108,371,222	)		(193,628,257	)		(24,454,750	)
Transfers between Investment Divisions		5,613,208			114,411,546			(14,963,410	)		75,273,246			18,719,110			(32,826,918	)		76,396,861			(299,036,591	)		(13,024,303	)
Contract owner charges (Note 3)		(825,784	)		(9,887,382	)		(12,419,497	)		(4,702,577	)		(3,922,328	)		(4,019,708	)		(20,697,239	)		(11,192,003	)		(3,381,594	)
Net increase (decrease) in net assets
from contract transactions		16,544,474			267,494,128			153,232,976			149,536,022			59,455,358			(17,296,420	)		426,959,311			200,985,031			14,854,459
Net increase (decrease) in net assets		32,876,290			423,692,298			295,515,575			153,613,981			138,501,926			19,730,931			584,472,388			184,314,575			68,365,190
Net assets beginning of period		80,014,712			901,594,022			1,176,490,950			493,476,706			431,971,301			424,723,680			1,709,810,948			1,010,792,969			362,133,240
Net assets end of period	$	112,891,002		$	1,325,286,320		$	1,472,006,525		$	647,090,687		$	570,473,227		$	444,454,611		$	2,294,283,336		$	1,195,107,544		$	430,498,430
1 Contract unit transactions
Units Outstanding at December 31, 2011		8,850,829			31,868,359			25,681,421			47,267,776			30,832,016			17,110,625			59,618,057			82,014,961			18,923,330
Units Issued		6,668,313			15,094,042			7,314,988			28,843,930			11,436,545			2,457,886			20,823,640			96,305,793			4,792,814
Units Redeemed		(5,104,320	)		(7,239,709	)		(4,469,684	)		(14,810,274	)		(7,729,334	)		(3,189,953	)		(6,837,849	)		(80,414,075	)		(4,113,014	)
Units Outstanding at December 31, 2012		10,414,822			39,722,692			28,526,725			61,301,432			34,539,227			16,378,558			73,603,848			97,906,679			19,603,130

See notes to the financial statements.

Page 65

Jackson National Separate Account I

Notes to Financial Statements

Note 1 – Organization

Jackson National Life Insurance Company (“Jackson”) established Jackson National Separate Account I (the “Separate Account”) on June 14, 1993.  The Separate Account commenced operations on October 16, 1995, and is a unit investment trust registered with the Securities Exchange Commission (the “SEC”) under the Investment Company Act of 1940.

The Separate Account is a separate investment account of Jackson, its assets legally belong to Jackson and the obligations under the contracts are the obligation of Jackson.  However, the contract assets in the Separate Account are not chargeable with liabilities arising out of any other business Jackson may conduct.

The Separate Account receives and invests, based on the directions of the contract owners, net premiums for individual flexible premium variable annuity contracts issued by Jackson.  The contracts can be purchased on a non-tax qualified basis or in connection with certain plans qualifying for favorable federal income tax treatment.  The Separate Account contained one-hundred sixty-five (165) Investment Divisions during 2013, but currently contains one-hundred sixty (160) Investment Divisions as of December 31, 2013.  These Investment Divisions each invested in the following mutual funds (collectively, the “Funds”) as of December 31, 2013:

Curian Variable Series Trust
CG - Conservative Fund(1)(4)	CG - Tactical Moderate Growth Fund(1)(4)	Curian/DoubleLine Total Return Fund
CG - Equity 100 Fund(1)(4)	Curian Dynamic Risk Advantage – Diversified Fund	Curian/Eaton Vance Global Macro Absolute Return Advantage Fund
CG - Equity Income Fund(1)(4)	Curian Dynamic Risk Advantage – Growth Fund	Curian/Epoch Global Shareholder Yield Fund
CG - Fixed Income 100 Fund(1)(4)	Curian Dynamic Risk Advantage – Income Fund	Curian/FAMCO Flex Core Covered Call Fund
CG - Growth Fund(1)(4)	Curian Focused International Equity Fund	Curian/Franklin Templeton Frontier Markets Fund
CG - Institutional Alt 100 Conservative Fund(1)(4)	Curian Focused U.S. Equity Fund	Curian/Franklin Templeton Natural Resources Fund
CG - Institutional Alt 100 Growth Fund(1)(4)	Curian Long Short Credit Fund(1)	Curian/Lazard International Strategic Equity Fund
CG - Institutional Alt 100 Moderate Fund(1)(4)	Curian Tactical Advantage 35 Fund	Curian/Neuberger Berman Currency Fund
CG - Institutional Alt 65 Fund(1)(4)	Curian Tactical Advantage 60 Fund	Curian/Nicholas Convertible Arbitrage Fund
CG - Interest Rate Opportunities Fund(1)(4)	Curian Tactical Advantage 75 Fund	Curian/PIMCO Credit Income Fund
CG - International Opportunities Conservative Fund(1)(4)	Curian/Aberdeen Latin America Fund	Curian/PineBridge Merger Arbitrage Fund
CG - International Opportunities Growth Fund(1)(4)	Curian/American Funds® Global Growth Fund	Curian/Schroder Emerging Europe Fund
CG - International Opportunities Moderate Fund(1)(4)	Curian/American Funds® Growth Fund	Curian/T. Rowe Price Capital Appreciation Fund
CG - Maximum Growth Fund(1)(4)	Curian/AQR Risk Parity Fund	Curian/The Boston Company Equity Income Fund
CG - Moderate Fund(1)(4)	Curian/Ashmore Emerging Market Small Cap Equity Fund	Curian/The Boston Company Multi-Alpha Market Neutral Equity Fund
CG - Moderate Growth Fund(1)(4)	Curian/Baring International Fixed Income Fund	Curian/UBS Global Long Short Fixed Income Opportunities Fund
CG - Multi-Strategy Income Fund(1)(4)	Curian/BlackRock Global Long Short Credit Fund	Curian/Urdang International REIT Fund
CG - Real Assets Fund(1)(4)	Curian/DFA U.S. Micro Cap Fund	Curian/Van Eck International Gold Fund
CG - Tactical Maximum Growth Fund(1)(4)

Page 66

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 1 – Organization (continued)

JNL Series Trust
JNL Disciplined Growth Fund(1)	JNL/Franklin Templeton International Small Cap Growth Fund	JNL/MC Small Cap Index Fund(3)
JNL Disciplined Moderate Fund(1)	JNL/Franklin Templeton Mutual Shares Fund	JNL/MC Utilities Sector Fund(3)
JNL Disciplined Moderate Growth Fund(1)	JNL/Franklin Templeton Small Cap Value Fund	JNL/Morgan Stanley Mid Cap Growth Fund
JNL Institutional Alt 20 Fund(1)	JNL/Goldman Sachs Core Plus Bond Fund	JNL/Neuberger Berman Strategic Income Fund
JNL Institutional Alt 35 Fund(1)	JNL/Goldman Sachs Emerging Markets Debt Fund	JNL/Oppenheimer Global Growth Fund
JNL Institutional Alt 50 Fund(1)	JNL/Goldman Sachs Mid Cap Value Fund	JNL/PIMCO Real Return Fund
JNL Institutional Alt 65 Fund(1)(2)	JNL/Goldman Sachs U.S. Equity Flex Fund	JNL/PIMCO Total Return Bond Fund
JNL/American Funds Balanced Allocation Fund(1)	JNL/Invesco Global Real Estate Fund	JNL/PPM America Floating Rate Income Fund(1)
JNL/American Funds Blue Chip Income and Growth Fund	JNL/Invesco International Growth Fund	JNL/PPM America High Yield Bond Fund(1)
JNL/American Funds Global Bond Fund	JNL/Invesco Large Cap Growth Fund	JNL/PPM America Mid Cap Value Fund(1)
JNL/American Funds Global Small Capitalization Fund	JNL/Invesco Mid Cap Value Fund	JNL/PPM America Small Cap Value Fund(1)
JNL/American Funds Growth Allocation Fund(1)	JNL/Invesco Small Cap Growth Fund	JNL/PPM America Value Equity Fund(1)
JNL/American Funds Growth-Income Fund	JNL/Ivy Asset Strategy Fund	JNL/Red Rocks Listed Private Equity Fund
JNL/American Funds International Fund	JNL/JPMorgan International Value Fund	JNL/S&P 4 Fund(1)
JNL/American Funds New World Fund	JNL/JPMorgan MidCap Growth Fund	JNL/S&P Competitive Advantage Fund
JNL/AQR Managed Futures Strategy Fund	JNL/JPMorgan U.S. Government & Quality Bond Fund	JNL/S&P Dividend Income & Growth Fund
JNL/BlackRock Commodity Securities Strategy Fund	JNL/Lazard Emerging Markets Fund	JNL/S&P Intrinsic Value Fund
JNL/BlackRock Global Allocation Fund	JNL/M&G Global Basics Fund(1)(	JNL/S&P Managed Aggressive Growth Fund
JNL/BlackRock Large Cap Select Growth Fund	JNL/M&G Global Leaders Fund(1) 7)	JNL/S&P Managed Conservative Fund
JNL/Brookfield Global Infrastructure Fund	JNL/MC 10 x 10 Fund(1) (3)	JNL/S&P Managed Growth Fund
JNL/Capital Guardian Global Balanced Fund	JNL/MC Bond Index Fund(3)	JNL/S&P Managed Moderate Fund
JNL/Capital Guardian Global Diversified Research Fund	JNL/MC Dow Jones U.S. Contrarian Opportunities Index Fund(3)	JNL/S&P Managed Moderate Growth Fund
JNL/DFA U.S. Core Equity Fund	JNL/MC Emerging Markets Index Fund(3)	JNL/S&P Total Yield Fund
JNL/Eagle SmallCap Equity Fund	JNL/MC European 30 Fund(3)	JNL/T. Rowe Price Established Growth Fund
JNL/Eastspring Investments Asia ex-Japan Fund(1)	JNL/MC Global Alpha Fund(3)	JNL/T. Rowe Price Mid-Cap Growth Fund
JNL/Eastspring Investments China-India Fund(1)	JNL/MC Index 5 Fund(1) (3)	JNL/T. Rowe Price Short-Term Bond Fund
JNL/Franklin Templeton Founding Strategy Fund(1)	JNL/MC International Index Fund(3)	JNL/T. Rowe Price Value Fund
JNL/Franklin Templeton Global Growth Fund	JNL/MC Pacific Rim 30 Fund(3)	JNL/WMC Balanced Fund
JNL/Franklin Templeton Global Multisector Bond Fund	JNL/MC S&P 400 MidCap Index Fund(3)	JNL/WMC Money Market Fund
JNL/Franklin Templeton Income Fund	JNL/MC S&P 500 Index Fund(3)	JNL/WMC Value Fund

JNL Variable Fund LLC
JNL/MC 25 Fund(3)	JNL/MC Healthcare Sector Fund(3)	JNL/MC S&P® 24 Fund(3)
JNL/MC Communications Sector Fund(3)	JNL/MC JNL 5 Fund(3)	JNL/MC S&P® SMid 60 Fund(3)
JNL/MC Consumer Brands Sector Fund(3)	JNL/MC JNL Optimized 5 Fund(3)	JNL/MC Select Small-Cap Fund(3)(7)
JNL/MC DowSM 10 Fund(3)	JNL/MC Nasdaq®25 Fund(3)	JNL/MC Technology Sector Fund(3)
JNL/MC Dow SM Dividend Fund(3)(7)	JNL/MC NYSE® International 25 Fund(3)	JNL/MC Value Line® 30 Fund(3)
JNL/MC Financial Sector Fund(3)	JNL/MC Oil & Gas Sector Fund(3)	JNL/MC VIP Fund(3)(7)
JNL/MC Global 15 Fund(3)	JNL/MC S&P®10 Fund(3)(7)

Page 67

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 1 – Organization (continued)

Jackson National Asset Management, LLC serves as investment adviser for the Funds comprising the JNL Series Trust and the JNL Variable Fund LLC and Curian Capital, LLC (collectively the “Advisers”) serve as investment adviser for the Funds comprising the Curian Variable Series Trust, both Advisers are wholly-owned subsidiaries of Jackson and receive fees for their services from each Fund.

During the year ended December 31, 2013, the following Funds changed names:

PRIOR FUND NAME	CURRENT FUND NAME	EFFECTIVE DATE
CG – Balanced Income Fund	CG – Moderate Fund (6)	April 29, 2013
CG – Institutional Alt 100 Fund	CG – Institutional Alt 100 Moderate Fund (6)	April 29, 2013
CG – Maximize Income Fund	CG – Conservative Fund (6)	April 29, 2013
CG – Rising Income Fund	CG – Equity Income Fund (6)	April 29, 2013
Curian Dynamic Risk Advantage – Aggressive Fund	Curian Dynamic Risk Advantage – Growth Fund(6)	April 29, 2013
JNL/BlackRock Commodity Securities Fund	JNL/BlackRock Commodity Securities Strategy Fund(6)	April 29, 2013
Curian/UBS Global Long Short Income Opportunities Fund	Curian/UBS Global Long Short Fixed Income Opportunities Fund(6)	September 16, 2013
JNL/Lazard Mid Cap Equity Fund	JNL/Invesco Mid Cap Value Fund(5)	September 16, 2013
JNL/UBS Large Cap Select Growth Fund	JNL/BlackRock Large Cap Select Growth Fund(5)	September 16, 2013

During the year ended December 31, 2013, the following acquisitions were completed:

ACQUIRED FUND	ACQUIRING FUND	DATE OF ACQUISITION
JNL/M&G Global Leaders Fund	JNL/Franklin Templeton Global Growth Fund	September 13, 2013
JNL/MC Dow Dividend Fund	JNL/S&P Dividend Income & Growth Fund	September 13, 2013
JNL/MC S&P 10 Fund	JNL/MC S&P 24 Fund	September 13, 2013
JNL/MC Select Small-Cap Fund	JNL/MC Small Cap Index Fund	September 13, 2013
JNL/MC VIP Fund	JNL/MC S&P 500 Index Fund	September 13, 2013

(1)	These Funds are advised or sub-advised by affiliates of Jackson.
(2)	JNL Institutional Alt 65 Fund is closed to new contract owners.
(3)	MC denotes the sub-adviser Mellon Capital throughout these financial statements. Mellon Capital was formerly known as Mellon Capital Management.
(4)	CG denotes the Fund of Fund group Curian Guidance throughout these financial statements.
(5)	These name changes are due to changes in sub-adviser.
(6)	These name changes were completed to align the Fund name with the investment strategy.
(7)	These Funds are no longer available as of December 31, 2013.

Page 68

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 2 – Significant Accounting Policies

The following is a summary of significant accounting policies followed by the Separate Account in the preparation of its financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”).

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increase and decrease in net assets from operations during the reporting period.  Actual results could differ from those estimates.

Investments

The Separate Account’s Investment Divisions’ investments in the corresponding Funds are stated at the closing net asset values of the respective Funds, which represent fair value.  The average cost method is used in determining the cost of the shares sold on withdrawals by the Investment Divisions of the Separate Account.  Investments in the Funds are recorded on trade date for financial reporting purposes.  Realized gain distributions and dividend income distributions received from the Funds are reinvested in additional shares of the Funds and are recorded as gain or income to the Investment Divisions of the Separate Account on the ex-dividend date.

Federal Income Taxes

The operations of the Separate Account are taxed as part of the operations of Jackson, which is taxed as a “life insurance company” under the provisions of the Internal Revenue Code.  Under current law, no federal income taxes are payable with respect to the Separate Account.  Therefore, no federal income tax provision is required.

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740 “Income Taxes” provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FASB ASC Topic 740 establishes for all entities, a minimum threshold for financial statement recognition of the benefit of positions taken in filing tax returns (including whether an entity is taxable in a particular jurisdiction), and requires certain expanded tax disclosures. FASB ASC Topic 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Separate Account’s tax return to determine whether the tax positions are “more-likely- than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold would be recorded as a tax expense in the current year. The Interpretation requires that management evaluate the tax positions taken in the returns which remain subject to examination by the Internal Revenue Service and other tax jurisdictions. Jackson National Asset Management (“JNAM”), a subsidiary of Jackson, completed an evaluation of the Separate Account’s tax positions and based on that evaluation, determined that no provision for federal income tax is required in the Separate Account’s financial statements during the year ended December 31, 2013.

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820, “Fair Value Measurements and Disclosures”

This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value and requires additional disclosures about fair value measurements.  Various inputs are used in determining the value of an entity’s investments under FASB ASC Topic 820 guidance.  The inputs are summarized into three broad categories:

● Level 1 includes valuations based on quoted prices of identical securities in active markets, including valuations for securities listed on a national or foreign stock exchange or investments in mutual funds and securities lending collateral, which is valued as a practical expedient at its daily reported Net Asset Value (“NAV”).

Page 69

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 2 – Significant Accounting Policies (continued)

● Level 2 includes valuations determined from significant direct or indirect observable inputs.  Direct observable inputs include broker quotes, third party prices, closing prices of similar securities in active markets, closing prices for identical or similar securities in non-active markets or corporate action or reorganization entitlement values.  Indirect significant observable inputs include factors such as interest rates, yield curves, prepayment speeds or credit ratings.  Level 2 includes valuations for fixed income securities, including term loans, OTC derivatives, centrally cleared swap agreements, broker quotes in active markets, securities subject to corporate actions, securities valued at amortized cost, international equity securities priced by an independent statistical fair value pricing service, swap agreements valued by pricing services or ADRs and GDRs for which quoted prices in active markets are not available.

● Level 3 includes valuations determined from significant unobservable inputs including an entity’s own assumptions in determining the fair value of the investment.  Inputs used to determine the fair value of Level 3 securities include security specific inputs such as: credit quality, credit rating spreads, issuer news, trading characteristics, call features, maturity or anticipated cash flows; or industry specific inputs such as: trading activity of similar markets or securities, changes in the security’s underlying index or changes in comparable securities’ models.  Level 3 valuations include securities that are priced based on single source broker quotes, where prices may be unavailable due to halted trading, restricted to resale due to market events, private placements, newly issued or investments for which reliable quotes are otherwise not available.

The inputs or methodology used for valuing Funds are not necessarily an indication of the risk associated with investing in those Funds. The characterization of the underlying securities held by the Funds in accordance with FASB ASC Topic 820 differs from the characterization of the Separate Account’s Investment Divisions’ investment in the corresponding Funds.  As of December 31, 2013, all of the Separate Account’s Investment Divisions’ investment in each of the corresponding Funds are valued as a practical expedient at their daily reported NAVs.  Therefore, all investments in Funds have been categorized as Level 1.

For the year ended December 31, 2013, there were no transfers out of Level 1 securities.

Note 3 – Contract Charges

Under the term of the contracts, certain charges are allocated to the contract owner to compensate Jackson’s for providing the insurance benefits set forth in the contracts, administering the contracts, distributing the contracts, and assuming certain risks in connection with the contracts.  These charges result in a reduction in contract unit value or redemptions of contract units in the number of contract units outstanding.

Contract Owner Charges

The following charges are assessed to the contract owner by redemption of contract units outstanding:

Contract Maintenance Charge

An annual contract maintenance charge of $35 - $50 is charged against each contract to reimburse Jackson for expenses incurred in establishing and maintaining records relating to the contract.  The contract maintenance charge is assessed on each anniversary of the contract date that occurs prior to the annuity date or in conjunction with a total withdrawal, as applicable.  This charge is only imposed if the contract value is less than $50,000 on the date when the charge is assessed.  The charge is deducted by redemption of contract units.  For the years ended December 31, 2013 and 2012, contract maintenance charges were assessed in the amount of $9,397,700 and $3,018,530, respectively.

Transfer Charge

A transfer charge of $25 will apply to transfers made by contract owners between the Investment Divisions in excess of 15 transfers in a contract year.  Contract year is defined as the succeeding twelve months from the contract issue date.  Jackson may waive the transfer charge in connection with pre-authorized automatic transfer programs, or in those states where a lesser charge is required.  This charge will be deducted from the amount transferred prior to the allocation to a different Investment Division.  For the years ended December 31, 2013 and 2012, transfer charges were assessed in the amount of $44,812 and $29,545, respectively.

Page 70

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 3 – Contract Charges (continued)

Surrender or Contingent Deferred Sales Charge

During the first three to nine contract years, certain contracts include a provision for a charge upon the surrender or partial surrender of the contract.  The amount assessed under the contract terms, if any, depends upon the cost associated with distributing the particular contracts.  The amount, if any, is determined based on a number of factors, including the amount withdrawn, the contract year of surrender, or the number and amount of withdrawals in a calendar year.  The surrender charges are assessed by Jackson and withheld from the proceeds of the withdrawals.  For the years ended December 31, 2013 and 2012, surrender charges were assessed in the amount of $52,189,880 and $40,792,400, respectively.

Optional Benefit Charges

Guaranteed Minimum Income Benefit Charge.  If this benefit has been selected, Jackson will assess an annual charge of 0.40% to 0.87%, depending on the contract, of the Guaranteed Minimum Income Benefit (GMIB) base.   The charge will be deducted each calendar quarter from the contract value by redemption of contract units.

Guaranteed Minimum Accumulation Benefit Charge.  If this benefit has been selected, Jackson will assess an annual charge of 1.00% to 1.02% of the Guaranteed Value (GV).  The charge will be deducted each calendar quarter from the contract value by redemption of contract units.

Guaranteed Minimum Withdrawal Benefit Charge.  If this benefit has been selected, Jackson will assess an annual charge of 0.50% to 3.00%, depending on the contract, of the Guaranteed Withdrawal Balance (GWB).  The charge will be deducted each calendar quarter from the contract value by redemption of contract units.

Guaranteed Minimum Death Benefit Charge.  If any of the optional death benefits are selected that are available under the contract, Jackson will assess an annual charge of 0.60% to 1.80%, depending on the contract, of the Death Benefit base.  The charge will be deducted each contract quarter from the contract value by redemption of contract units.

Asset-based Charges

The following charges are assessed to the contract owner by a reduction in contract unit value:

Insurance Charges

Jackson deducts a daily charge for administrative expenses from the net assets of the Separate Account equivalent to an annual rate of 0.15%.  In designated products, this expense is waived for contracts valued greater than $1 million, refer to the product prospectus for eligibility.  The administration charge is designed to reimburse Jackson for expenses incurred in administering the Separate Account and its contracts and reduces the contract unit value.

Jackson deducts a daily base contract charge from the net assets of the Separate Account equivalent to an annual rate of 0.15% to 1.65% for the assumption of mortality and expense risks.  The mortality risk assumed by Jackson is that the insured may receive benefits greater than those anticipated by Jackson.  The expense risk assumed by Jackson is that the actual cost of administering the contracts of the Separate Account may exceed the amount received from the Administration Charge and the Contract Maintenance Charge.

Optional Benefit Charges

Earnings Protection Benefit Charge.  If this benefit option has been selected, Jackson will make an additional deduction of 0.20% to 0.45%, depending on the contract chosen, on an annual basis of the average daily net asset value of the contract owner’s allocations to the Investment Divisions.

Page 71

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 3 – Contract Charges (continued)

Contract Enhancement Charge.  If one of the contract enhancement benefits is selected, then for a period of five to nine contract years, Jackson will make an additional deduction based upon the average daily net asset value of the contract owner’s allocations to the Investment Divisions.  The amounts of these charges depend upon the contract enhancements selected and range from 0.395% to 0.832%.

Withdrawal Charge Period.  If the optional three, four, or five-year withdrawal charge period feature is selected, Jackson will deduct 0.45%, 0.40%, or 0.30%, respectively, on an annual basis of the average daily net asset value of the contract owner’s allocations to the Investment Divisions.

20% Additional Free Withdrawal Charge.  If a contract owner selects the optional feature that permits you to withdraw up to 20% of premiums that are still subject to a withdrawal charge minus earnings during a contract year without withdrawal charge, Jackson will deduct 0.30% to 0.40% on an annual basis of the average daily net assets value of the contract owner’s allocations to the Investment Divisions.

Optional Death Benefit Charges.  If any of the optional death benefits are selected that are available under the contract, Jackson will make an additional deduction of 0.15% to 0.80% on an annual basis of the average daily net asset value of the contract owner’s allocations to the Investment Divisions, based on the optional death benefit selected.

Premium Taxes

Some states and other governmental entities charge premium taxes or other similar taxes.  Jackson pays these taxes and may make a deduction from the value of the contract for them.  Premium taxes generally range from 0% to 3.5% depending on the state.

Note 4 – Related Party Transactions

For contract enhancement benefits related to the optional benefits offered, Jackson contributed $12,920,132 and $109,631,295 to the Separate Account in the form of additional premium to contract owners’ accounts for the years ended December 31, 2013 and 2012, respectively.  These amounts are included in purchase payments received from contract owners.

Note 5 – Purchases and Sales of Investments

For the year ended December 31, 2013, cost of purchases and proceeds from sales of the Investment Divisions’ investments in the corresponding Funds are as follows:

Curian Variable Series Trust
	Cost of Purchases		Proceeds from Sales			Cost of Purchases		Proceeds from Sales
CG - Conservative Fund	$	52,311,293	$	21,319,357	CG - Interest Rate Opportunities Fund	$	31,815,405	$	3,247,583
CG - Equity 100 Fund		45,462,410		5,635,043	CG - International Opportunities Conservative Fund		2,233,754		427,240
CG - Equity Income Fund		29,826,988		7,263,259	CG - International Opportunities Growth Fund		4,821,793		493,642
CG - Fixed Income 100 Fund		25,679,544		9,013,306	CG - International Opportunities Moderate Fund		5,374,468		665,501
CG - Growth Fund		46,385,798		5,031,775	CG - Maximum Growth Fund		45,692,760		8,112,812
CG - Institutional Alt 100 Conservative Fund		19,758,547		2,224,044	CG - Moderate Fund		134,975,293		21,078,177
CG - Institutional Alt 100 Growth Fund		39,641,006		3,487,085	CG - Moderate Growth Fund		194,974,160		24,882,966
CG - Institutional Alt 100 Moderate Fund		182,929,735		50,010,374	CG - Multi-Strategy Income Fund		23,384,725		3,382,012
CG - Institutional Alt 65 Fund		73,922,727		19,117,982	CG - Real Assets Fund		5,287,296		356,857

Page 72

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 5 – Purchases and Sales of Investments (continued)

Curian Variable Series Trust (continued)
	Cost of Purchases		Proceeds from Sales			Cost of Purchases		Proceeds from Sales
CG - Tactical Maximum Growth Fund	$	48,485,028	$	9,001,547	Curian/DoubleLine Total Return Fund	$	5,514,708	$	314,870
CG - Tactical Moderate Growth Fund		175,273,401		33,354,012	Curian/Eaton Vance Global Macro Absolute Return Advantage Fund		9,216,449		1,723,340
Curian Dynamic Risk Advantage – Diversified Fund		197,722,875		58,512,015	Curian/Epoch Global Shareholder Yield Fund		15,969,396		1,553,864
Curian Dynamic Risk Advantage – Growth Fund		49,904,293		12,663,171	Curian/FAMCO Flex Core Covered Call Fund		46,980,544		6,000,698
Curian Dynamic Risk Advantage – Income Fund		117,483,935		41,196,980	Curian/Franklin Templeton Frontier Markets Fund		9,887,547		696,974
Curian Focused International Equity Fund		661,390		248,727	Curian/Franklin Templeton Natural Resources Fund		14,167,735		2,467,601
Curian Focused U.S. Equity Fund		518,425		4,440	Curian/Lazard International Strategic Equity Fund		3,365,697		167,991
Curian Long Short Credit Fund		6,281,639		883,360	Curian/Neuberger Berman Currency Fund		9,843,167		2,408,401
Curian Tactical Advantage 35 Fund		24,142,965		9,422,032	Curian/Nicholas Convertible Arbitrage Fund		34,669,295		6,532,729
Curian Tactical Advantage 60 Fund		60,283,180		9,770,868	Curian/PIMCO Credit Income Fund		20,939,112		13,648,181
Curian Tactical Advantage 75 Fund		50,046,504		8,331,953	Curian/PineBridge Merger Arbitrage Fund		57,617,954		20,532,396
Curian/Aberdeen Latin America Fund		1,497,213		201,814	Curian/Schroder Emerging Europe Fund		1,988,154		438,771
Curian/American Funds® Global Growth Fund		4,986,042		145,941	Curian/T. Rowe Price Capital Appreciation Fund		9,622,739		564,550
Curian/American Funds® Growth Fund		35,014,618		6,013,695	Curian/TBC Equity Income Fund*		26,963,587		3,072,582
Curian/AQR Risk Parity Fund		1,493,610		135,840	Curian/TBC Multi-Alpha Market Neutral Equity Fund*		14,949,530		6,434,840
Curian/Ashmore Emerging Market Small Cap Equity Fund		1,634,133		185,616	Curian/UBS Global Long Short Fixed Income Opportunities Fund		8,920,635		1,167,955
Curian/Baring International Fixed Income Fund		1,982,682		756,027	Curian/Urdang International REIT Fund		3,450,763		400,290
Curian/BlackRock Global Long Short Credit Fund		25,106,396		3,131,901	Curian/Van Eck International Gold Fund		16,528,225		4,857,607
Curian/DFA U.S. Micro Cap Fund		15,365,391		1,647,118

JNL Series Trust
	Cost of Purchases		Proceeds from Sales			Cost of Purchases		Proceeds from Sales
JNL Disciplined Growth Fund	$	228,819,395	$	78,154,138	JNL/American Funds Growth-Income Fund	$	668,873,586	$	246,112,080
JNL Disciplined Moderate Fund		361,891,252		153,366,540	JNL/American Funds International Fund		193,668,626		81,353,253
JNL Disciplined Moderate Growth Fund		440,024,678		153,679,514	JNL/American Funds New World Fund		236,761,191		114,680,340
JNL Institutional Alt 20 Fund		416,243,824		208,861,252	JNL/AQR Managed Futures Strategy Fund		62,401,935		8,152,478
JNL Institutional Alt 35 Fund		543,429,474		358,151,135	JNL/BlackRock Commodity Securities Strategy Fund		251,168,904		264,043,094
JNL Institutional Alt 50 Fund		849,175,169		579,598,180	JNL/BlackRock Global Allocation Fund		1,148,834,649		302,923,147
JNL Institutional Alt 65 Fund		52,922,988		221,956,313	JNL/BlackRock Large Cap Select Growth Fund		139,478,054		112,112,791
JNL/American Funds Balanced Allocation Fund		306,529,385		49,198,224	JNL/Brookfield Global Infrastructure Fund		305,363,461		50,314,340
JNL/American Funds Blue Chip Income and Growth Fund		407,597,786		154,112,709	JNL/Capital Guardian Global Balanced Fund		93,111,190		81,456,933
JNL/American Funds Global Bond Fund		169,534,833		156,601,681	JNL/Capital Guardian Global Diversified Research Fund		77,156,255		74,971,893
JNL/American Funds Global Small Capitalization Fund		124,993,829		59,180,803	JNL/DFA U.S. Core Equity Fund		195,688,747		68,251,507
JNL/American Funds Growth Allocation Fund		259,644,646		41,766,661	JNL/Eagle SmallCap Equity Fund		417,004,025		215,916,816

Page 73

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 5 – Purchases and Sales of Investments (continued)

JNL Series Trust (continued)
	Cost of Purchases			Proceeds from Sales		Cost of Purchases		Proceeds from Sales
JNL/Eastspring Investments Asia ex-Japan Fund	$	64,451,239	$	69,330,482	JNL/MC Pacific Rim 30 Fund	$	71,918,336	$	38,122,090
JNL/Eastspring Investments China-India Fund		120,061,145		124,960,962	JNL/MC S&P 400 MidCap Index Fund		529,179,079		241,436,824
JNL/Franklin Templeton Founding Strategy Fund		291,938,298		230,434,003	JNL/MC S&P 500 Index Fund		1,133,209,151		501,372,457
JNL/Franklin Templeton Global Growth Fund		224,891,096		93,381,437	JNL/MC Small Cap Index Fund		661,869,110		247,806,657
JNL/Franklin Templeton Global Multisector Bond Fund		531,786,711		230,963,503	JNL/MC Utilities Sector Fund		3,403,394		385,372
JNL/Franklin Templeton Income Fund		584,984,308		276,346,336	JNL/Morgan Stanley Mid Cap Growth Fund		54,027,083		16,008,656
JNL/Franklin Templeton International Small Cap Growth Fund		211,911,614		113,121,540	JNL/Neuberger Berman Strategic Income Fund		126,997,663		59,201,714
JNL/Franklin Templeton Mutual Shares Fund		144,215,935		89,107,575	JNL/Oppenheimer Global Growth Fund		220,110,763		100,827,954
JNL/Franklin Templeton Small Cap Value Fund		255,350,957		133,898,690	JNL/PIMCO Real Return Fund		616,886,455		1,075,860,787
JNL/Goldman Sachs Core Plus Bond Fund		240,943,369		316,388,783	JNL/PIMCO Total Return Bond Fund		1,005,816,178		1,701,816,938
JNL/Goldman Sachs Emerging Markets Debt Fund		66,971,353		93,381,645	JNL/PPM America Floating Rate Income Fund		1,062,635,213		274,861,696
JNL/Goldman Sachs Mid Cap Value Fund		312,290,663		161,861,557	JNL/PPM America High Yield Bond Fund		1,051,969,821		832,265,508
JNL/Goldman Sachs U.S. Equity Flex Fund		72,009,822		50,404,183	JNL/PPM America Mid Cap Value Fund		219,044,042		143,296,917
JNL/Invesco Global Real Estate Fund		468,332,063		250,734,765	JNL/PPM America Small Cap Value Fund		157,615,698		91,590,340
JNL/Invesco International Growth Fund		210,579,168		122,716,415	JNL/PPM America Value Equity Fund		83,534,910		71,244,069
JNL/Invesco Large Cap Growth Fund		209,386,029		131,380,524	JNL/Red Rocks Listed Private Equity Fund		131,539,762		89,841,735
JNL/Invesco Mid Cap Value Fund		69,944,378		73,725,464	JNL/S&P 4 Fund		1,599,358,282		473,794,465
JNL/Invesco Small Cap Growth Fund		287,909,726		135,095,002	JNL/S&P Competitive Advantage Fund		373,381,519		166,293,617
JNL/Ivy Asset Strategy Fund		856,152,724		387,250,254	JNL/S&P Dividend Income & Growth Fund		1,038,433,602		320,548,833
JNL/JPMorgan International Value Fund		164,198,336		95,356,707	JNL/S&P Intrinsic Value Fund		480,160,555		229,320,067
JNL/JPMorgan MidCap Growth Fund		237,705,575		125,141,397	JNL/S&P Managed Aggressive Growth Fund		427,595,205		249,820,030
JNL/JPMorgan U.S. Government & Quality Bond Fund		247,598,486		483,339,853	JNL/S&P Managed Conservative Fund		459,778,482		640,444,273
JNL/Lazard Emerging Markets Fund		87,301,075		180,180,944	JNL/S&P Managed Growth Fund		1,033,165,594		545,685,422
JNL/M&G Global Basics Fund		21,150,915		23,959,515	JNL/S&P Managed Moderate Fund		728,458,218		595,471,244
JNL/M&G Global Leaders Fund**		19,203,572		65,205,857	JNL/S&P Managed Moderate Growth Fund		1,240,837,640		778,481,683
JNL/MC 10 x 10 Fund		68,262,607		62,301,407	JNL/S&P Total Yield Fund		344,025,667		165,206,444
JNL/MC Bond Index Fund		170,939,024		211,418,569	JNL/T. Rowe Price Established Growth Fund		671,897,504		442,298,118
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Fund		72,982,313		26,624,178	JNL/T. Rowe Price Mid-Cap Growth Fund		704,405,624		446,031,038
JNL/MC Emerging Markets Index Fund		301,325,937		111,978,279	JNL/T. Rowe Price Short-Term Bond Fund		459,073,924		400,581,761
JNL/MC European 30 Fund		115,437,841		25,499,219	JNL/T. Rowe Price Value Fund		499,820,684		297,445,354
JNL/MC Global Alpha Fund		14,285,613		13,932,968	JNL/WMC Balanced Fund		932,739,038		425,173,231
JNL/MC Index 5 Fund		157,900,328		103,966,405	JNL/WMC Money Market Fund		2,080,457,482		2,007,482,051
JNL/MC International Index Fund		253,204,299		144,446,957	JNL/WMC Value Fund		249,172,047		149,541,857

Page 74

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 5 – Purchases and Sales of Investments (continued)

JNL Variable Fund LLC
	Cost of Purchases		Proceeds from Sales			Cost of Purchases		Proceeds from Sales
JNL/MC 25 Fund	$	371,506,334	$	218,005,253	JNL/MC Nasdaq®25 Fund	$	186,384,058	$	132,102,347
JNL/MC Communications Sector Fund		81,776,928		64,370,645	JNL/MC NYSE® International 25 Fund		28,770,207		37,781,517
JNL/MC Consumer Brands Sector Fun		337,511,460		160,103,047	JNL/MC Oil & Gas Sector Fund		387,676,965		316,772,992
JNL/MC DowSM 10 Fund		170,275,917		187,303,490	JNL/MC S&P®10 Fund**		44,911,906		347,213,536
JNL/MC Dow SM Dividend Fund**		110,264,773		515,279,202	JNL/MC S&P® 24 Fund		325,652,255		56,787,614
JNL/MC Financial Sector Fund		281,802,127		144,958,515	JNL/MC S&P® SMid 60 Fund		178,707,619		99,004,643
JNL/MC Global 15 Fund		92,064,199		152,272,162	JNL/MC Select Small-Cap Fund**		53,679,122		350,910,559
JNL/MC Healthcare Sector Fund		602,001,062		227,530,869	JNL/MC Technology Sector Fund		217,361,503		146,338,558
JNL/MC JNL 5 Fund		450,117,118		774,847,052	JNL/MC Value Line® 30 Fund		82,519,460		138,270,966
JNL/MC JNL Optimized 5 Fund		72,942,782		108,106,386	JNL/MC VIP Fund**		25,854,717		294,911,050

* TBC denotes the sub-adviser The Boston Company throughout footnote 5.

**No longer available as of September 13, 2013.

Note 6 – Subsequent Events

Management evaluated subsequent events for the Separate Account through the date the financial statements are issued, and has concluded there are no events that require financial statement disclosure or adjustments to the financial statements.

Page 75

Jackson National 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, 2013, of unit values, total returns and expense ratios for variable annuity contracts with the highest and lowest expense ratios in addition to certain other Investment Division data. Unit values for Investment Divisions 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 Investment Division of the Separate Account.

CG - Conservative Fund(a)

CG - Equity 100 Fund(b)

CG - Equity Income Fund(a)

CG - Fixed Income 100 Fund(b)

CG - Growth Fund(c)

CG - Institutional Alt 100 Conservative Fund(c)

CG - Institutional Alt 100 Growth Fund(c)

CG - Institutional Alt 100 Moderate Fund(a)

CG - Institutional Alt 65 Fund(a)

CG - Interest Rate Opportunities Fund(c)

Highest expense ratio

Period ended December 31, 2013

Unit Value

$

10.458910

$

12.909766

$

11.964132

$

9.676527

$

10.848221

$

9.916106

$

10.094602

$

10.377791

$

11.074681

$

9.757449

Total Return *

-0.40%

25.57%

15.34%

-3.63%

6.60%***

-1.02%***

0.65%***

2.59%

7.28%

-2.42%***

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, 2012

Unit Value

$

10.501283

$

10.280954

$

10.372755

$

10.041477

n/a

n/a

n/a

$

10.115887

$

10.323314

n/a

Total Return *

5.20%***

1.76%***

2.32%***

0.64%***

n/a

n/a

n/a

1.38%***

2.67%***

n/a

Ratio of Expenses **

1.25%

1.25%

1.25%

1.25%

n/a

n/a

n/a

1.25%

1.25%

n/a

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

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.
(c)	Commencement of operations April 29, 2013.

Page 76

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

CG - Conservative Fund(a)

CG - Equity 100 Fund(b)

CG - Equity Income Fund(a)

CG - Fixed Income 100 Fund(b)

CG - Growth Fund(c)

CG - Institutional Alt 100 Conservative Fund(c)

CG - Institutional Alt 100 Growth Fund(c)

CG - Institutional Alt 100 Moderate Fund(a)

CG - Institutional Alt 65 Fund(a)

CG - Interest Rate Opportunities Fund(c)

Lowest expense ratio

Period ended December 31, 2013

Unit Value

$

10.538630

$

12.976876

$

12.055147

$

9.727185

$

10.877509

$

9.942871

$

10.121845

$

10.456632

$

11.159072

$

9.783791

Total Return *

0.00%

26.07%

11.94%***

-2.97%***

7.44%***

0.91%***

4.84%***

3.00%

7.71%

0.65%***

Ratio of Expenses **

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

Period ended December 31, 2012

Unit Value

$

10.539085

$

10.293138

$

10.396103

$

10.049198

n/a

n/a

n/a

$

10.152050

$

10.360450

n/a

Total Return *

6.22%***

2.62%***

2.47%***

0.52%***

n/a

n/a

n/a

5.94%***

7.36%***

n/a

Ratio of Expenses **

0.85%

0.85%

1.00%

1.00%

n/a

n/a

n/a

0.85%

0.85%

n/a

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

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.
(c)	Commencement of operations April 29, 2013.

Page 77

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

CG - Conservative Fund(a)

CG - Equity 100 Fund(b)

CG - Equity Income Fund(a)

CG - Fixed Income 100 Fund(b)

CG - Growth Fund(c)

CG - Institutional Alt 100 Conservative Fund(c)

CG - Institutional Alt 100 Growth Fund(c)

CG - Institutional Alt 100 Moderate Fund(a)

CG - Institutional Alt 65 Fund(a)

CG - Interest Rate Opportunities Fund(c)

Investment Division data

Period ended December 31, 2013

Net Assets (in thousands)

$

55,255

$

49,262

$

43,192

$

22,059

$

43,816

$

17,739

$

37,070

$

275,260

$

107,396

$

28,938

Units Outstanding (in thousands)

5,268

3,806

3,599

2,275

4,033

1,787

3,667

26,425

9,662

2,962

Investment Income Ratio *

0.74%

0.11%

0.49%

0.55%

0.00%

0.00%

0.00%

0.03%

0.17%

0.00%

Period ended December 31, 2012

Net Assets (in thousands)

$

24,477

$

3,443

$

16,286

$

6,020

n/a

n/a

n/a

$

135,531

$

46,331

n/a

Units Outstanding (in thousands)

2,328

335

1,568

599

n/a

n/a

n/a

13,376

4,480

n/a

Investment Income Ratio *

0.00%

0.00%

0.00%

0.00%

n/a

n/a

n/a

0.00%

0.00%

n/a

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

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations February 6, 2012.
(b)	Commencement of operations September 10, 2012.
(c)	Commencement of operations April 29, 2013.

Page 78

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

CG - International Opportunities Conservative Fund(b)

CG - International Opportunities Growth Fund(b)

CG - International Opportunities Moderate Fund(b)

CG - Maximum Growth Fund(a)

CG - Moderate Fund(a)

CG - Moderate Growth Fund(a)

CG - Multi-Strategy Income Fund(b)

CG - Real Assets Fund(b)

CG - Tactical Maximum Growth Fund(a)

CG - Tactical Moderate Growth Fund(a)

Highest expense ratio

Period ended December 31, 2013

Unit Value

$

9.727702

$

10.103960

$

9.926114

$

12.036999

$

11.532390

$

11.492164

$

9.648447

$

9.817049

$

11.558091

$

11.371351

Total Return *

-1.17%***

-0.81%***

-1.03%***

17.30%

10.76%

10.37%

-3.61%***

-2.22%***

13.92%

11.22%

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, 2012

Unit Value

n/a

n/a

n/a

$

10.261285

$

10.412286

$

10.412310

n/a

n/a

$

10.145630

$

10.224428

Total Return *

n/a

n/a

n/a

1.55%***

3.07%***

2.82%***

n/a

n/a

1.01%***

1.76%***

Ratio of Expenses **

n/a

n/a

n/a

1.25%

1.25%

1.25%

n/a

n/a

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

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 April 29, 2013.

Page 79

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

CG - International Opportunities Conservative Fund(b)

CG - International Opportunities Growth Fund(b)

CG - International Opportunities Moderate Fund(b)

CG - Maximum Growth Fund(a)

CG - Moderate Fund(a)

CG - Moderate Growth Fund(a)

CG - Multi-Strategy Income Fund(b)

CG - Real Assets Fund(b)

CG - Tactical Maximum Growth Fund(a)

CG - Tactical Moderate Growth Fund(a)

Lowest expense ratio

Period ended December 31, 2013

Unit Value

$

9.744378

$

10.131797

$

9.952817

$

12.131900

$

11.620290

$

11.579777

$

9.674418

$

9.833508

$

11.645683

$

11.458072

Total Return *

-0.62%***

1.32%***

0.26%***

17.78%

11.20%

10.81%

2.00%***

-3.00%***

14.38%

11.66%

Ratio of Expenses **

1.00%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

1.00%

0.85%

0.85%

Period ended December 31, 2012

Unit Value

n/a

n/a

n/a

$

10.300908

$

10.449759

$

10.449811

n/a

n/a

$

10.181703

$

10.261265

Total Return *

n/a

n/a

n/a

6.31%***

5.03%***

2.98%***

n/a

n/a

0.56%***

2.33%***

Ratio of Expenses **

n/a

n/a

n/a

0.85%

0.85%

0.85%

n/a

n/a

0.85%

0.85%

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

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 April 29, 2013.

Page 80

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

CG - International Opportunities Conservative Fund(b)

CG - International Opportunities Growth Fund(b)

CG - International Opportunities Moderate Fund(b)

CG - Maximum Growth Fund(a)

CG - Moderate Fund(a)

CG - Moderate Growth Fund(a)

CG - Multi-Strategy Income Fund(b)

CG - Real Assets Fund(b)

CG - Tactical Maximum Growth Fund(a)

CG - Tactical Moderate Growth Fund(a)

Investment Division data

Period ended December 31, 2013

Net Assets (in thousands)

$

1,844

$

4,524

$

4,825

$

65,551

$

172,059

$

252,989

$

20,207

$

4,999

$

66,139

$

228,188

Units Outstanding (in thousands)

189

447

485

5,422

14,870

21,932

2,092

509

5,698

19,989

Investment Income Ratio *

0.00%

0.00%

0.00%

0.17%

0.47%

0.19%

0.00%

0.00%

0.00%

0.38%

Period ended December 31, 2012

Net Assets (in thousands)

n/a

n/a

n/a

$

20,322

$

47,535

$

65,697

n/a

n/a

$

19,798

$

69,877

Units Outstanding (in thousands)

n/a

n/a

n/a

1,976

4,559

6,299

n/a

n/a

1,948

6,823

Investment Income Ratio *

n/a

n/a

n/a

0.00%

0.00%

0.00%

n/a

n/a

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

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations February 6, 2012.
(b)	Commencement of operations April 29, 2013.

Page 81

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

Curian Dynamic Risk Advantage - Diversified Fund(a)

Curian Dynamic Risk Advantage - Growth Fund(a)

Curian Dynamic Risk Advantage - Income Fund(a)

Curian Focused International Equity Fund(c)

Curian Focused U.S. Equity Fund(c)

Curian Long Short Credit Fund(b)

Curian Tactical Advantage 35 Fund(a)

Curian Tactical Advantage 60 Fund(a)

Curian Tactical Advantage 75 Fund(a)

Curian/Aberdeen Latin America Fund(b)

Highest expense ratio

Period ended December 31, 2013

Unit Value

$

10.072268

$

9.481418

$

10.271724

$

10.481899

$

10.930272

$

10.084594

$

10.868074

$

11.694230

$

12.295763

$

8.260382

Total Return *

0.83%

0.51%

0.17%

4.98%***

9.67%***

0.77%***

5.27%

12.29%

17.00%

-17.40%***

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, 2012

Unit Value

$

9.989160

$

9.433605

$

10.254370

n/a

n/a

n/a

$

10.323527

$

10.413978

$

10.508906

n/a

Total Return *

0.11%***

-6.27%***

1.96%***

n/a

n/a

n/a

2.59%***

2.53%***

3.28%***

n/a

Ratio of Expenses **

1.25%

1.25%

1.25%

n/a

n/a

n/a

1.25%

1.25%

1.25%

n/a

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

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 April 29, 2013.
(c)	Commencement of operations September 16, 2013.

Page 82

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

Curian Dynamic Risk Advantage - Diversified Fund(a)

Curian Dynamic Risk Advantage - Growth Fund(a)

Curian Dynamic Risk Advantage - Income Fund(a)

Curian Focused International Equity Fund(c)

Curian Focused U.S. Equity Fund(c)

Curian Long Short Credit Fund(b)

Curian Tactical Advantage 35 Fund(a)

Curian Tactical Advantage 60 Fund(a)

Curian Tactical Advantage 75 Fund(a)

Curian/Aberdeen Latin America Fund(b)

Lowest expense ratio

Period ended December 31, 2013

Unit Value

$

10.148979

$

9.553428

$

10.350015

$

10.489484

$

10.936958

$

10.111898

$

10.950909

$

11.783332

$

12.389453

$

8.282110

Total Return *

1.24%

0.91%

0.57%

4.81%***

8.95%***

4.42%***

5.70%

12.74%

17.47%

-16.31%***

Ratio of Expenses **

0.85%

0.85%

0.85%

1.00%

1.00%

0.85%

0.85%

0.85%

0.85%

0.85%

Period ended December 31, 2012

Unit Value

$

10.025057

$

9.467308

$

10.291284

n/a

n/a

n/a

$

10.360690

$

10.451438

$

10.546713

n/a

Total Return *

2.20%***

-2.40%***

4.56%***

n/a

n/a

n/a

5.48%***

7.21%***

7.02%***

n/a

Ratio of Expenses **

0.85%

0.85%

0.85%

n/a

n/a

n/a

0.85%

0.85%

0.85%

n/a

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

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 April 29, 2013.
(c)	Commencement of operations September 16, 2013.

Page 83

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

Curian Dynamic Risk Advantage - Diversified Fund(a)

Curian Dynamic Risk Advantage - Growth Fund(a)

Curian Dynamic Risk Advantage - Income Fund(a)

Curian Focused International Equity Fund(c)

Curian Focused U.S. Equity Fund(c)

Curian Long Short Credit Fund(b)

Curian Tactical Advantage 35 Fund(a)

Curian Tactical Advantage 60 Fund(a)

Curian Tactical Advantage 75 Fund(a)

Curian/Aberdeen Latin America Fund(b)

Investment Division data

Period ended December 31, 2013

Net Assets (in thousands)

$

238,700

$

55,489

$

149,064

$

425

$

538

$

5,576

$

32,732

$

80,235

$

70,581

$

1,216

Units Outstanding (in thousands)

23,618

5,830

14,466

40

49

552

3,002

6,837

5,718

147

Investment Income Ratio *

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

1.07%

Period ended December 31, 2012

Net Assets (in thousands)

$

98,448

$

19,136

$

72,577

n/a

n/a

n/a

$

16,474

$

23,236

$

21,517

n/a

Units Outstanding (in thousands)

9,840

2,025

7,067

n/a

n/a

n/a

1,593

2,228

2,044

n/a

Investment Income Ratio *

0.00%

0.00%

2.78%

n/a

n/a

n/a

2.03%

2.11%

2.12%

n/a

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

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations February 6, 2012.
(b)	Commencement of operations April 29, 2013.
(c)	Commencement of operations September 16, 2013.

Page 84

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

Curian/American Funds Global Growth Fund(d)

Curian/American Funds Growth Fund(a)

Curian/AQR Risk Parity Fund(d)

Curian/Ashmore Emerging Market Small Cap Equity Fund(c)

Curian/Baring International Fixed Income Fund(c)

Curian/BlackRock Global Long Short Credit Fund(c)

Curian/DFA U.S. Micro Cap Fund(b)

Curian/DoubleLine Total Return Fund(d)

Curian/Eaton Vance Global Macro Absolute Return Advantage Fund(c)

Curian/Epoch Global Shareholder Yield Fund(a)

Highest expense ratio

Period ended December 31, 2013

Unit Value

$

10.960118

$

13.500581

$

10.023542

$

10.314606

$

9.543746

$

10.015265

$

14.286592

$

9.963764

$

9.440043

$

12.904367

Total Return *

7.92%***

27.84%

-1.04%***

2.64%***

-4.56%***

0.38%***

41.85%

-0.35%***

-5.95%***

21.80%

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, 2012

Unit Value

n/a

$

10.560434

n/a

n/a

n/a

n/a

$

10.071414

n/a

n/a

$

10.595041

Total Return *

n/a

4.07%***

n/a

n/a

n/a

n/a

0.79%***

n/a

n/a

2.34%***

Ratio of Expenses **

n/a

1.25%

n/a

n/a

n/a

n/a

1.25%

n/a

n/a

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

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.
(c)	Commencement of operations April 29, 2013.
(d)	Commencement of operations September 16, 2013.

Page 85

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

Curian/American Funds Global Growth Fund(d)

Curian/American Funds Growth Fund(a)

Curian/AQR Risk Parity Fund(d)

Curian/Ashmore Emerging Market Small Cap Equity Fund(c)

Curian/Baring International Fixed Income Fund(c)

Curian/BlackRock Global Long Short Credit Fund(c)

Curian/DFA U.S. Micro Cap Fund(b)

Curian/DoubleLine Total Return Fund(d)

Curian/Eaton Vance Global Macro Absolute Return Advantage Fund(c)

Curian/Epoch Global Shareholder Yield Fund(a)

Lowest expense ratio

Period ended December 31, 2013

Unit Value

$

10.972881

$

13.603559

$

10.030850

$

10.342473

$

9.569436

$

10.042304

$

14.361241

$

9.975345

$

9.465616

$

13.002517

Total Return *

5.73%***

28.35%

-0.97%***

17.95%***

-1.59%***

0.47%***

38.46%***

-1.43%***

-1.37%***

22.28%

Ratio of Expenses **

0.85%

0.85%

1.00%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

Period ended December 31, 2012

Unit Value

n/a

$

10.598506

n/a

n/a

n/a

n/a

$

10.079232

n/a

n/a

$

10.633015

Total Return *

n/a

1.54%***

n/a

n/a

n/a

n/a

3.60%***

n/a

n/a

9.59%***

Ratio of Expenses **

n/a

0.85%

n/a

n/a

n/a

n/a

1.00%

n/a

n/a

0.85%

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

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.
(c)	Commencement of operations April 29, 2013.
(d)	Commencement of operations September 16, 2013.

Page 86

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

Curian/American Funds Global Growth Fund(d)

Curian/American Funds Growth Fund(a)

Curian/AQR Risk Parity Fund(d)

Curian/Ashmore Emerging Market Small Cap Equity Fund(c)

Curian/Baring International Fixed Income Fund(c)

Curian/BlackRock Global Long Short Credit Fund(c)

Curian/DFA U.S. Micro Cap Fund(b)

Curian/DoubleLine Total Return Fund(d)

Curian/Eaton Vance Global Macro Absolute Return Advantage Fund(c)

Curian/Epoch Global Shareholder Yield Fund(a)

Investment Division data

Period ended December 31, 2013

Net Assets (in thousands)

$

5,063

$

45,214

$

1,348

$

1,527

$

1,210

$

22,308

$

16,188

$

5,167

$

7,451

$

15,590

Units Outstanding (in thousands)

462

3,335

134

148

127

2,225

1,130

518

789

1,204

Investment Income Ratio *

0.00%

0.19%

0.00%

0.04%

1.34%

0.00%

1.14%

0.00%

0.00%

5.64%

Period ended December 31, 2012

Net Assets (in thousands)

n/a

$

9,870

n/a

n/a

n/a

n/a

$

508

n/a

n/a

$

1,648

Units Outstanding (in thousands)

n/a

933

n/a

n/a

n/a

n/a

50

n/a

n/a

155

Investment Income Ratio *

n/a

0.00%

n/a

n/a

n/a

n/a

0.00%

n/a

n/a

3.09%

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

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations February 6, 2012.
(b)	Commencement of operations September 10, 2012.
(c)	Commencement of operations April 29, 2013.
(d)	Commencement of operations September 16, 2013.

Page 87

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

Curian/FAMCO Flex Core Covered Call Fund(a)

Curian/Franklin Templeton Frontier Markets Fund(b)

Curian/Franklin Templeton Natural Resources Fund(a)

Curian/Lazard International Strategic Equity Fund(c)

Curian/Neuberger Berman Currency Fund(b)

Curian/Nicholas Convertible Arbitrage Fund(a)

Curian/PIMCO Credit Income Fund(a)

Curian/PineBridge Merger Arbitrage Fund(a)

Curian/Schroder Emerging Europe Fund(c)

Curian/T. Rowe Price Capital Appreciation Fund(d)

Highest expense ratio

Period ended December 31, 2013

Unit Value

$

11.319214

$

12.159927

$

9.399502

$

11.501897

$

9.746359

$

10.354623

$

10.241245

$

9.864683

$

10.316294

$

10.506291

Total Return *

11.31%

16.92%

7.30%

12.70%***

-3.13%

2.06%

-2.92%

-1.03%

3.17%***

4.44%***

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, 2012

Unit Value

$

10.169345

$

10.400205

$

8.760391

n/a

$

10.061519

$

10.145496

$

10.549088

$

9.967386

n/a

n/a

Total Return *

0.51%***

4.52%***

-10.04%***

n/a

0.62%***

1.68%***

6.40%***

-0.41%***

n/a

n/a

Ratio of Expenses **

1.25%

1.25%

1.25%

n/a

1.25%

1.25%

1.25%

1.25%

n/a

n/a

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

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.
(c)	Commencement of operations April 29, 2013.
(d)	Commencement of operations September 16, 2013.

Page 88

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

Curian/FAMCO Flex Core Covered Call Fund(a)

Curian/Franklin Templeton Frontier Markets Fund(b)

Curian/Franklin Templeton Natural Resources Fund(a)

Curian/Lazard International Strategic Equity Fund(c)

Curian/Neuberger Berman Currency Fund(b)

Curian/Nicholas Convertible Arbitrage Fund(a)

Curian/PIMCO Credit Income Fund(a)

Curian/PineBridge Merger Arbitrage Fund(a)

Curian/Schroder Emerging Europe Fund(c)

Curian/T. Rowe Price Capital Appreciation Fund(d)

Lowest expense ratio

Period ended December 31, 2013

Unit Value

$

11.405341

$

12.223473

$

9.470833

$

11.533634

$

9.797282

$

10.433262

$

10.319305

$

9.939768

$

10.344151

$

10.518508

Total Return *

11.75%

17.39%

7.73%

17.39%***

-2.74%

2.47%

-2.53%

-0.63%

10.61%***

5.76%***

Ratio of Expenses **

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

0.85%

Period ended December 31, 2012

Unit Value

$

10.205813

$

10.412815

$

8.791627

n/a

$

10.073701

$

10.181738

$

10.587055

$

10.003149

n/a

n/a

Total Return *

-2.44%***

2.52%***

14.55%***

n/a

-0.13%***

0.43%***

5.12%***

-0.01%***

n/a

n/a

Ratio of Expenses **

0.85%

0.85%

0.85%

n/a

0.85%

0.85%

0.85%

0.85%

n/a

n/a

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

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.
(c)	Commencement of operations April 29, 2013.
(d)	Commencement of operations September 16, 2013.

Page 89

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

Curian/FAMCO Flex Core Covered Call Fund(a)

Curian/Franklin Templeton Frontier Markets Fund(b)

Curian/Franklin Templeton Natural Resources Fund(a)

Curian/Lazard International Strategic Equity Fund(c)

Curian/Neuberger Berman Currency Fund(b)

Curian/Nicholas Convertible Arbitrage Fund(a)

Curian/PIMCO Credit Income Fund(a)

Curian/PineBridge Merger Arbitrage Fund(a)

Curian/Schroder Emerging Europe Fund(c)

Curian/T. Rowe Price Capital Appreciation Fund(d)

Investment Division data

Period ended December 31, 2013

Net Assets (in thousands)

$

59,229

$

10,524

$

19,294

$

3,438

$

10,984

$

40,484

$

19,395

$

63,826

$

1,539

$

9,228

Units Outstanding (in thousands)

5,215

863

2,045

298

1,124

3,897

1,887

6,448

149

878

Investment Income Ratio *

1.99%

0.00%

0.00%

0.00%

1.40%

0.01%

1.86%

0.00%

2.80%

0.66%

Period ended December 31, 2012

Net Assets (in thousands)

$

14,885

$

497

$

6,510

n/a

$

3,768

$

12,035

$

12,982

$

26,942

n/a

n/a

Units Outstanding (in thousands)

1,461

48

742

n/a

374

1,184

1,229

2,699

n/a

n/a

Investment Income Ratio *

2.32%

0.00%

1.24%

n/a

0.00%

0.00%

2.20%

0.00%

n/a

n/a

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

*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.

(a)	Commencement of operations February 6, 2012.
(b)	Commencement of operations September 10, 2012.
(c)	Commencement of operations April 29, 2013.
(d)	Commencement of operations September 16, 2013.

Page 90

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	Curian/The Boston Company Equity Income Fund(b)		Curian/The Boston Company Multi-Alpha Market Neutral Equity Fund(b)		Curian/UBS Global Long Short Fixed Income Opportunities Fund(d)		Curian/Urdang International REIT Fund(d)		Curian/Van Eck International Gold Fund(c)		JNL Disciplined Growth Fund		JNL Disciplined Moderate Fund			JNL Disciplined Moderate Growth Fund		JNL Institutional Alt 20 Fund(a)		JNL Institutional Alt 35 Fund(a)
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	14.498494	$	9.843897	$	9.876458	$	9.258153	$	4.623635	$	10.124402	$	10.702137		$	10.805322	$	15.353836	$	15.780815
Total Return *		35.12%		-2.12%		-1.31%***		-7.42%***		-48.54%		20.22%		12.86%			18.88%		10.45%		9.08%
Ratio of Expenses **		1.25%		1.25%		1.25%		1.25%		1.25%		3.145%		3.695%			3.145%		3.06%		3.05%
Period ended December 31, 2012
Unit Value	$	10.730038	$	10.056710		n/a		n/a	$	8.985564	$	8.421673	$	9.482585		$	9.089241	$	13.901659	$	14.467107
Total Return *		7.21%***		-1.21%***		n/a		n/a	-10.14%***			11.03%		9.18%			10.67%		7.79%		7.97%
Ratio of Expenses **		1.25%		1.25%		n/a		n/a		1.25%		3.145%		3.695%			3.145%		3.06%		3.05%
Period ended December 31, 2011
Unit Value		n/a		n/a		n/a		n/a		n/a	$	7.585200	$	8.685114		$	8.213126	$	12.897292	$	13.398793
Total Return *		n/a		n/a		n/a		n/a		n/a		-8.17%***		-2.93%			-3.93%		-5.49%		-6.69%
Ratio of Expenses **		n/a		n/a		n/a		n/a		n/a		3.145%		3.695%			3.145%		3.06%		3.05%
Period ended December 31, 2010
Unit Value		n/a		n/a		n/a		n/a		n/a	$	8.123943	$	8.947058		$	8.548681	$	13.647188	$	14.360051
Total Return *		n/a		n/a		n/a		n/a		n/a		9.39%		7.07%			9.78%		9.65%		9.17%***
Ratio of Expenses **		n/a		n/a		n/a		n/a		n/a		3.01%		3.695%			3.145%		3.06%		3.05%
Period ended December 31, 2009
Unit Value		n/a		n/a		n/a		n/a		n/a	$	7.426450	$	8.356204		$	7.787034	$	12.446093	$	12.965341
Total Return *		n/a		n/a		n/a		n/a		n/a		21.67%		14.37	%		18.97%		0.62%***		0.69%***
Ratio of Expenses **		n/a		n/a		n/a		n/a		n/a		3.01%		3.695	%		3.145%		3.06%		2.845%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 6, 2009.
(b)	Commencement of operations February 6, 2012.
(c)	Commencement of operations September 10, 2012.
(d)	Commencement of operations April 29, 2013.

Page 91

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	Curian/The Boston Company Equity Income Fund(b)		Curian/The Boston Company Multi-Alpha Market Neutral Equity Fund(b)		Curian/UBS Global Long Short Fixed Income Opportunities Fund(d)		Curian/Urdang International REIT Fund(d)		Curian/Van Eck International Gold Fund(c)		JNL Disciplined Growth Fund		JNL Disciplined Moderate Fund		JNL Disciplined Moderate Growth Fund		JNL Institutional Alt 20 Fund(a)		JNL Institutional Alt 35 Fund(a)
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	14.605261	$	9.918444	$	9.903103	$	9.273814	$	4.647848	$	12.170487	$	13.365738	$	12.987966	$	16.927727	$	17.390028
Total Return *		35.66%		-1.72%		-1.88%***		-6.98%***		-48.34%		23.44%		16.53%		22.07%		12.75%		11.34%
Ratio of Expenses **		0.85%		0.85%		0.85%		1.00%		0.85%		0.50%		0.50%		0.50%		1.00%		1.00%
Period ended December 31, 2012
Unit Value	$	10.765905	$	10.092424		n/a		n/a	$	8.996557	$	9.859384	$	11.470238	$	10.640048	$	15.014170	$	15.619143
Total Return *		14.37%***		-1.42%***		n/a		n/a	-12.37%***			14.01%		12.74%		13.64%		10.04%		10.22%
Ratio of Expenses **		0.85%		0.85%		n/a		n/a		0.85%		0.50%		0.50%		0.50%		1.00%		1.00%
Period ended December 31, 2011
Unit Value		n/a		n/a		n/a		n/a		n/a	$	8.647683	$	10.174362	$	9.362785	$	13.644637	$	14.171169
Total Return *		n/a		n/a		n/a		n/a		n/a		-3.62%		0.22%		-1.36%		-4.59%***		-8.52%***
Ratio of Expenses **		n/a		n/a		n/a		n/a		n/a		0.50%		0.50%		0.50%		1.00%		1.00%
Period ended December 31, 2010
Unit Value		n/a		n/a		n/a		n/a		n/a	$	8.972673	$	10.152509	$	9.491603	$	14.119848	$	14.854626
Total Return *		n/a		n/a		n/a		n/a		n/a		12.17%		10.55%		12.72%		11.82%		13.11%
Ratio of Expenses **		n/a		n/a		n/a		n/a		n/a		0.50%		0.50%		0.50%		1.10%		1.10%
Period ended December 31, 2009
Unit Value		n/a		n/a		n/a		n/a		n/a	$	7.998913	$	9.183868	$	8.420262	$	12.627216	$	13.133099
Total Return *		n/a		n/a		n/a		n/a		n/a		34.29%***		22.52%***		29.75%***		1.87%***		32.53%***
Ratio of Expenses **		n/a		n/a		n/a		n/a		n/a		0.50%		0.50%		0.50%		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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 6, 2009.
(b)	Commencement of operations February 6, 2012.
(c)	Commencement of operations September 10, 2012.
(d)	Commencement of operations April 29, 2013.

Page 92

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	Curian/The Boston Company Equity Income Fund(b)		Curian/The Boston Company Multi-Alpha Market Neutral Equity Fund(b)		Curian/UBS Global Long Short Fixed Income Opportunities Fund(d)		Curian/Urdang International REIT Fund(d)		Curian/Van Eck International Gold Fund(c)			JNL Disciplined Growth Fund		JNL Disciplined Moderate Fund		JNL Disciplined Moderate Growth Fund		JNL Institutional Alt 20 Fund(a)		JNL Institutional Alt 35 Fund(a)
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	28,342	$	18,424	$	7,720	$	3,064	$	11,291		$	521,713	$	1,026,832	$	1,216,735	$	1,697,533	$	2,315,267
Units Outstanding (in thousands)		1,948		1,865		781		331		2,436			45,866		82,176		100,110		102,360		136,061
Investment Income Ratio *		2.03%		0.00%		0.00%		3.03%		0.24%			0.98%		1.38%		1.18%		2.03%		1.67%
Period ended December 31, 2012
Net Assets (in thousands)	$	3,063	$	9,911		n/a		n/a	$	5,078		$	299,069	$	710,906	$	766,027	$	1,348,029	$	1,954,019
Units Outstanding (in thousands)		285		984		n/a		n/a		565			32,169		65,742		76,258		91,277		127,331
Investment Income Ratio *		2.66%		0.00%		n/a		n/a		0.00	%		1.28%		1.64%		1.48%		1.63%		1.78%
Period ended December 31, 2011
Net Assets (in thousands)		n/a		n/a		n/a		n/a		n/a		$	168,700	$	427,042	$	473,993	$	871,892	$	1,349,313
Units Outstanding (in thousands)		n/a		n/a		n/a		n/a		n/a			20,490		44,150		53,139		64,683		96,468
Investment Income Ratio *		n/a		n/a		n/a		n/a		n/a			1.09%		1.34%		1.12%		1.00%		0.88%
Period ended December 31, 2010
Net Assets (in thousands)		n/a		n/a		n/a		n/a		n/a		$	128,516	$	322,588	$	350,989	$	591,940	$	866,696
Units Outstanding (in thousands)		n/a		n/a		n/a		n/a		n/a			14,919		33,094		38,463		42,185		58,741
Investment Income Ratio *		n/a		n/a		n/a		n/a		n/a			1.41%		1.11%		1.20%		0.70%		0.76%
Period ended December 31, 2009
Net Assets (in thousands)		n/a		n/a		n/a		n/a		n/a		$	74,918	$	158,926	$	194,086	$	194,779	$	303,777
Units Outstanding (in thousands)		n/a		n/a		n/a		n/a		n/a			9,671		17,855		23,763		15,469		23,203
Investment Income Ratio *		n/a		n/a		n/a		n/a		n/a			3.46%		2.80%		3.23%		0.00%		0.00%

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations April 6, 2009.
(b)	Commencement of operations February 6, 2012.
(c)	Commencement of operations September 10, 2012.
(d)	Commencement of operations April 29, 2013.

Page 93

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL Institutional Alt 50 Fund(a)		JNL Institutional Alt 65 Fund(a)		JNL/American Funds Balanced Allocation Fund(c)		JNL/American Funds Blue Chip Income and Growth Fund(b)		JNL/American Funds Global Bond Fund(b)		JNL/American Funds Global Small Capitalization Fund(b)		JNL/American Funds Growth Allocation Fund(c)		JNL/American Funds Growth-Income Fund(b)		JNL/American Funds International Fund(b)		JNL/American Funds New World Fund(b)
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	15.334913	$	15.671773	$	11.404526	$	13.627303	$	9.967742	$	12.109692	$	12.032273	$	14.133382	$	11.679176	$	11.285850
Total Return *		6.44%		5.61%		5.14%***		28.05%		-5.97%		24.04%		17.47%		28.80%		17.10%		7.43%
Ratio of Expenses **		3.61%		3.61%		3.095%		3.36%		3.16%		3.06%		2.845%		3.16%		3.36%		3.16%
Period ended December 31, 2012
Unit Value	$	14.406968	$	14.838820	$	10.232479	$	10.641810	$	10.600572	$	9.762384	$	10.242546	$	10.973233	$	9.973414	$	10.504839
Total Return *		6.93%		7.01%		4.92%***		9.67%		2.48%		14.34%		0.92%***		13.28%		13.52%		13.72%
Ratio of Expenses **		3.61%		3.61%		2.71%		3.36%		3.16%		3.06%		2.845%		3.16%		3.36%		3.16%
Period ended December 31, 2011
Unit Value	$	13.472850	$	13.866809		n/a	$	9.703216	$	10.344191	$	8.538274		n/a	$	9.687223	$	8.785597	$	9.237794
Total Return *		-8.00%		-8.78%		n/a		-4.51%		0.25%***		-21.85%		n/a		-5.34%		-17.20%		-16.96%
Ratio of Expenses **		3.61%		3.61%		n/a		3.36%		3.16%		3.06%		n/a		3.16%		3.36%		3.16%
Period ended December 31, 2010
Unit Value	$	14.644693	$	15.200878		n/a	$	10.161091	$	10.254727	$	10.926025		n/a	$	10.233282	$	10.610960	$	11.124419
Total Return *		10.51%***		11.74%		n/a		9.13%***		3.64%***		15.68%***		n/a		7.04%***		7.01%***		2.97%***
Ratio of Expenses **		3.61%		3.61%		n/a		3.36%		2.845%		3.06%		n/a		3.16%		3.36%		3.16%
Period ended December 31, 2009
Unit Value	$	13.272261	$	13.603273		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Total Return *		-0.06%***		-0.93%***		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Ratio of Expenses **		3.01%		3.61%		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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 6, 2009.
(b)	Commencement of operations May 3, 2010.
(c)	Commencement of operations April 30, 2012.

Page 94

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL Institutional Alt 50 Fund(a)		JNL Institutional Alt 65 Fund(a)		JNL/American Funds Balanced Allocation Fund(c)		JNL/American Funds Blue Chip Income and Growth Fund(b)		JNL/American Funds Global Bond Fund(b)		JNL/American Funds Global Small Capitalization Fund(b)		JNL/American Funds Growth Allocation Fund(c)		JNL/American Funds Growth-Income Fund(b)		JNL/American Funds International Fund(b)		JNL/American Funds New World Fund(b)
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	17.353083	$	17.650593	$	11.791486	$	14.857839	$	10.786833	$	13.058859	$	12.388475	$	15.381331	$	12.803656	$	12.215079
Total Return *		9.26%		8.30%		14.00%		31.11%		-3.92%		26.63%		19.54%		31.81%		6.10%***		9.78%
Ratio of Expenses **		1.00%		1.10%		1.10%		1.00%		1.00%		1.00%		1.10%		0.85%		0.85%		1.00%
Period ended December 31, 2012
Unit Value	$	15.882983	$	16.298169	$	10.343515	$	11.332119	$	11.226519	$	10.312913	$	10.363348	$	11.669432	$	10.620354	$	11.126783
Total Return *		9.77%		9.74%		8.83%***		12.30%		4.71%		16.72%		1.97%***		2.11%***		16.24%		16.21%
Ratio of Expenses **		1.00%		1.10%		1.10%		1.00%		1.00%		1.00%		1.10%		0.85%		1.00%		1.00%
Period ended December 31, 2011
Unit Value	$	14.469467	$	14.851990		n/a	$	10.090978	$	10.721765	$	8.835361		n/a	$	10.041099	$	9.136696	$	9.575052
Total Return *		-9.64%***		-6.46%		n/a		-6.39%***		3.28%		-22.38%***		n/a		-3.27%		-19.39%***		-17.68%***
Ratio of Expenses **		1.00%		1.10%		n/a		1.00%		1.00%		1.00%		n/a		1.00%		1.00%		1.00%
Period ended December 31, 2010
Unit Value	$	15.297268	$	15.878350		n/a	$	10.314502	$	10.380934	$	11.068974		n/a	$	10.380945	$	10.771157	$	11.277446
Total Return *		13.65%		14.59%		n/a		10.72%***		0.95%***		20.23%***		n/a		5.26%***		16.37%***		25.58%***
Ratio of Expenses **		1.10%		1.10%		n/a		1.10%		1.00%		1.10%		n/a		1.00%		1.10%		1.10%
Period ended December 31, 2009
Unit Value	$	13.460423	$	13.857205		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Total Return *		18.12%***		22.71%***		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Ratio of Expenses **		1.10%		1.10%		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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 6, 2009.
(b)	Commencement of operations May 3, 2010.
(c)	Commencement of operations April 30, 2012.

Page 95

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL Institutional Alt 50 Fund(a)		JNL Institutional Alt 65 Fund(a)		JNL/American Funds Balanced Allocation Fund(c)		JNL/American Funds Blue Chip Income and Growth Fund(b)		JNL/American Funds Global Bond Fund(b)		JNL/American Funds Global Small Capitalization Fund(b)		JNL/American Funds Growth Allocation Fund(c)		JNL/American Funds Growth-Income Fund(b)		JNL/American Funds International Fund(b)		JNL/American Funds New World Fund(b)
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	3,197,208	$	746,748	$	439,310	$	1,145,063	$	433,086	$	316,078	$	357,689	$	1,561,325	$	531,621	$	617,704
Units Outstanding (in thousands)		188,513		43,103		37,487		78,386		40,893		24,614		29,048		103,723		42,420		51,450
Investment Income Ratio *		1.31%		1.00%		0.78%		1.17%		2.11%		0.70%		0.61%		0.83%		0.85%		0.56%
Period ended December 31, 2012
Net Assets (in thousands)	$	2,705,104	$	868,140	$	142,838	$	658,754	$	445,074	$	192,196	$	100,620	$	815,499	$	340,653	$	443,043
Units Outstanding (in thousands)		173,523		54,075		13,849		58,871		40,202		18,876		9,734		71,037		32,462		40,340
Investment Income Ratio *		1.88%		2.38%		0.00%		1.02%		2.05%		0.73%		0.00%		0.85%		1.20%		1.08%
Period ended December 31, 2011
Net Assets (in thousands)	$	1,759,138	$	942,913		n/a	$	379,981	$	322,987	$	121,399		n/a	$	430,286	$	200,814	$	261,975
Units Outstanding (in thousands)		123,288		64,231		n/a		37,953		30,387		13,853		n/a		43,195		22,150		27,587
Investment Income Ratio *		0.86%		0.73%		n/a		0.67%		1.01%		0.37%		n/a		0.53%		0.72%		0.60%
Period ended December 31, 2010
Net Assets (in thousands)	$	1,045,302	$	686,359		n/a	$	139,612	$	99,514	$	74,487		n/a	$	164,649	$	97,917	$	128,284
Units Outstanding (in thousands)		68,822		43,558		n/a		13,568		9,619		6,748		n/a		15,914		9,113		11,407
Investment Income Ratio *		0.77%		0.67%		n/a		0.00%		0.00%		0.00%		n/a		0.00%		0.00%		0.00%
Period ended December 31, 2009
Net Assets (in thousands)	$	351,060	$	225,707		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Units Outstanding (in thousands)		26,163		16,344		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Investment Income Ratio *		0.00%		0.00%		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 Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations April 6, 2009.
(b)	Commencement of operations May 3, 2010.
(c)	Commencement of operations April 30, 2012.

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Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/AQR Managed Futures Strategy Fund(b)		JNL/BlackRock Commodity Securities Strategy Fund		JNL/BlackRock Global Allocation Fund(a)		JNL/BlackRock Large Cap Select Growth Fund		JNL/Brookfield Global Infrastructure Fund(c)		JNL/Capital Guardian Global Balanced Fund		JNL/Capital Guardian Global Diversified Research Fund		JNL/DFA U.S. Core Equity Fund		JNL/Eagle SmallCap Equity Fund		JNL/Eastspring Investments Asia ex-Japan Fund
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	10.389716	$	9.439520	$	11.100488	$	25.483258	$	14.240412	$	10.070530	$	22.056040	$	17.418947	$	25.385548	$	7.216675
Total Return *		5.75%		5.54%		10.26%		34.06%		19.68%		11.17%		18.57%		30.65%		25.47%		-9.38%
Ratio of Expenses **		1.25%		3.695%		3.61%		3.61%		3.095%		3.86%		3.86%		3.40%		3.91%		3.61%
Period ended December 31, 2012
Unit Value	$	9.824353	$	8.944331	$	10.067701	$	19.008526	$	11.899161	$	9.058602	$	18.602188	$	13.332700	$	20.232227	$	7.963310
Total Return *		4.11%***		-2.88%		5.69%		6.68%		1.43%***		8.75%		12.58%		9.89%		9.46%		18.19%
Ratio of Expenses **		1.25%		3.695%		3.61%		3.61%		3.095%		3.86%		3.86%		3.40%		3.91%		3.61%
Period ended December 31, 2011
Unit Value		n/a	$	9.209368	$	9.525680	$	17.818001	$	10.347709	$	8.329723	$	16.523644	$	12.133220	$	18.484335	$	6.737610
Total Return *		n/a		-10.72%		-7.22%		-2.81%		3.30%***		-8.35%		-8.11%		-4.15%		-6.05%		-23.98%
Ratio of Expenses **		n/a		3.695%		3.61%		3.61%		2.395%		3.86%		3.86%		3.40%		3.91%		3.61%
Period ended December 31, 2010
Unit Value		n/a	$	10.315078	$	10.267439	$	18.334060		n/a	$	9.088924	$	17.982846	$	12.658211	$	19.673973	$	8.863133
Total Return *		n/a		13.18%		2.04%***		4.02%***		n/a		4.89%		7.54%		8.12%		30.45%		15.17%
Ratio of Expenses **		n/a		3.695%		3.61%		3.61%		n/a		3.86%		3.86%		3.40%		3.91%		3.61%
Period ended December 31, 2009
Unit Value		n/a	$	9.113705		n/a	$	17.374529		n/a	$	8.665546	$	16.721749	$	11.707821	$	15.081920	$	7.695688
Total Return *		n/a		44.49%		n/a		30.30%		n/a		17.84%		33.00%		29.36%		30.29%		5.39%***
Ratio of Expenses **		n/a		3.695%		n/a		3.41%		n/a		3.86%		3.86%		3.40%		3.91%		3.61%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 11, 2010.
(b)	Commencement of operations August 29, 2011.
(c)	Commencement of operations December 12, 2011.

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Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/AQR Managed Futures Strategy Fund(b)		JNL/BlackRock Commodity Securities Strategy Fund		JNL/BlackRock Global Allocation Fund(a)		JNL/BlackRock Large Cap Select Growth Fund		JNL/Brookfield Global Infrastructure Fund(c)		JNL/Capital Guardian Global Balanced Fund		JNL/Capital Guardian Global Diversified Research Fund		JNL/DFA U.S. Core Equity Fund		JNL/Eagle SmallCap Equity Fund		JNL/Eastspring Investments Asia ex-Japan Fund
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	10.486958	$	11.505133	$	12.132655	$	41.455971	$	14.912251	$	14.888685	$	37.584509	$	26.381392	$	41.995913	$	8.535085
Total Return *		6.18%		8.58%		13.34%		37.61%		22.39%		14.40%		22.01%		33.82%		29.18%		-6.84%
Ratio of Expenses **		0.85%		0.85%		0.85%		1.00%		0.85%		1.00%		1.00%		1.00%		1.00%		0.85%
Period ended December 31, 2012
Unit Value	$	9.876725	$	10.595790	$	10.704258	$	30.126232	$	12.184270	$	13.014978	$	30.805189	$	19.713784	$	32.510616	$	9.161710
Total Return *		5.06%***		14.31%***		5.99%***		9.51%		7.91%***		11.91%		15.85%		12.56%		12.70%		1.96%***
Ratio of Expenses **		0.85%		0.85%		0.85%		1.00%		0.85%		1.00%		1.00%		1.00%		1.00%		0.85%
Period ended December 31, 2011
Unit Value		n/a	$	10.524754	$	9.833592	$	27.509862	$	9.044877	$	11.629393	$	26.589486	$	17.513600	$	28.847748	$	7.494181
Total Return *		n/a		-8.29%		-4.85%***		-0.25%		-9.72%***		-5.70%		4.60%***		-1.83%		-3.28%		-21.98%
Ratio of Expenses **		n/a		1.00%		1.00%		1.00%		1.15%		1.00%		1.00%		1.00%		1.00%		1.00%
Period ended December 31, 2010
Unit Value		n/a	$	11.475773	$	10.324763	$	27.579329		n/a	$	12.332504	$	27.688199	$	17.839236	$	29.826055	$	9.605093
Total Return *		n/a		16.27%		2.89%***		11.55%		n/a		7.93%		10.55%		10.74%		34.30%		18.22%
Ratio of Expenses **		n/a		1.00%		1.10%		1.00%		n/a		1.00%		1.10%		1.00%		1.00%		1.00%
Period ended December 31, 2009
Unit Value		n/a	$	9.869603		n/a	$	24.723078		n/a	$	11.426506	$	25.045545	$	16.108550	$	22.208611	$	8.125063
Total Return *		n/a		48.44%		n/a		33.47%		n/a		21.26%		36.72%		32.50%		34.14%		34.34%***
Ratio of Expenses **		n/a		1.00%		n/a		1.00%		n/a		1.00%		1.10%		1.00%		1.00%		1.00%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 11, 2010.
(b)	Commencement of operations August 29, 2011.
(c)	Commencement of operations December 12, 2011.

Page 98

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/AQR Managed Futures Strategy Fund(b)		JNL/BlackRock Commodity Securities Strategy Fund		JNL/BlackRock Global Allocation Fund(a)		JNL/BlackRock Large Cap Select Growth Fund		JNL/Brookfield Global Infrastructure Fund(c)		JNL/Capital Guardian Global Balanced Fund		JNL/Capital Guardian Global Diversified Research Fund		JNL/DFA U.S. Core Equity Fund		JNL/Eagle SmallCap Equity Fund		JNL/Eastspring Investments Asia ex-Japan Fund
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	75,699	$	959,276	$	2,635,571	$	596,971	$	395,362	$	460,257	$	402,702	$	370,944	$	1,131,303	$	123,981
Units Outstanding (in thousands)		7,255		87,201		221,416		15,995		26,810		33,129		12,088		15,206		29,432		15,122
Investment Income Ratio *		5.22%		0.39%		0.63%		0.03%		0.85%		1.71%		1.25%		1.01%		0.08%		1.24%
Period ended December 31, 2012
Net Assets (in thousands)	$	20,520	$	891,760	$	1,525,570	$	444,455	$	100,565	$	394,421	$	329,409	$	181,723	$	712,883	$	140,464
Units Outstanding (in thousands)		2,083		87,617		144,546		16,379		8,305		32,328		12,054		9,997		23,891		15,874
Investment Income Ratio *		0.00%		0.00%		0.00%		0.15%		0.07%		2.04%		1.22%		0.93%		0.00%		0.64%
Period ended December 31, 2011
Net Assets (in thousands)		n/a	$	797,267	$	494,125	$	424,724	$	981	$	351,568	$	286,172	$	136,793	$	624,638	$	100,655
Units Outstanding (in thousands)		n/a		77,839		50,563		17,111		95		32,124		12,111		8,442		23,617		13,732
Investment Income Ratio *		n/a		0.58%		0.67%		0.34%		0.00%		1.08%		0.94%		0.56%		0.00%		0.41%
Period ended December 31, 2010
Net Assets (in thousands)		n/a	$	685,623	$	172,036	$	395,677		n/a	$	339,313	$	289,989	$	109,852	$	414,824	$	141,098
Units Outstanding (in thousands)		n/a		61,152		16,678		15,939		n/a		29,149		11,595		6,677		15,142		14,944
Investment Income Ratio *		n/a		0.36%		0.00%		0.27%		n/a		1.11%		0.73%		0.29%		0.20%		0.13%
Period ended December 31, 2009
Net Assets (in thousands)		n/a	$	499,893		n/a	$	284,325		n/a	$	265,058	$	239,991	$	76,609	$	179,792	$	96,476
Units Outstanding (in thousands)		n/a		51,594		n/a		12,891		n/a		24,522		10,688		5,158		8,801		12,009
Investment Income Ratio *		n/a		1.06%		n/a		0.19%		n/a		2.63%		1.91%		1.42%		0.00%		0.01%

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations October 11, 2010.
(b)	Commencement of operations August 29, 2011.
(c)	Commencement of operations December 12, 2011.

Page 99

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/Eastspring Investments China-India Fund		JNL/Franklin Templeton Founding Strategy Fund		JNL/Franklin Templeton Global Growth Fund		JNL/Franklin Templeton Global Multisector Bond Fund(a)		JNL/Franklin Templeton Income Fund		JNL/Franklin Templeton International Small Cap Growth Fund		JNL/Franklin Templeton Mutual Shares Fund		JNL/Franklin Templeton Small Cap Value Fund		JNL/Goldman Sachs Core Plus Bond Fund		JNL/Goldman Sachs Emerging Markets Debt Fund
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	6.293696	$	10.210041	$	9.729365	$	11.530902	$	11.741541	$	9.695790	$	10.230559	$	15.129820	$	15.609001	$	12.057957
Total Return *		-5.81%		19.57%		25.73%		0.41%		10.09%		27.72%		24.32%		29.23%		-4.85%		-11.11%
Ratio of Expenses **		3.61%		3.61%		3.61%		3.06%		3.56%		3.61%		3.145%		3.91%		3.91%		3.61%
Period ended December 31, 2012
Unit Value	$	6.681762	$	8.538913	$	7.738394	$	11.484302	$	10.665178	$	7.591647	$	8.229251	$	11.707585	$	16.403977	$	13.564714
Total Return *		19.09%		11.83%		17.72%		8.62%***		8.27%		22.74%		10.14%		13.10%		3.62%		15.78%
Ratio of Expenses **		3.61%		3.61%		3.61%		3.06%		3.56%		3.61%		3.145%		3.91%		3.91%		3.61%
Period ended December 31, 2011
Unit Value	$	5.610913	$	7.635375	$	6.573777	$	10.047064	$	9.850961	$	6.185254	$	7.471934	$	10.351574	$	15.830973	$	11.716134
Total Return *		-30.44%		-4.85%		-9.40%		-0.11%***		-1.04%		-17.41%		-3.73%		-6.45%		2.19%		-8.04%
Ratio of Expenses **		3.61%		3.61%		3.61%		2.60%		3.56%		3.61%		3.145%		3.91%		3.91%		3.61%
Period ended December 31, 2010
Unit Value	$	8.066327	$	8.024647	$	7.256056		n/a	$	9.954979	$	7.488896	$	7.761267	$	11.065011	$	15.491362	$	12.740806
Total Return *		12.78%		6.47%		3.27%		n/a		8.63%		16.27%		8.00%		21.97%		3.50%		11.95%
Ratio of Expenses **		3.61%		3.61%		3.61%		n/a		3.56%		3.61%		3.145%		3.91%		3.91%		3.61%
Period ended December 31, 2009
Unit Value	$	7.152263	$	7.536660	$	7.026219		n/a	$	9.164130	$	6.440753	$	7.186112	$	9.071610	$	14.967299	$	11.380544
Total Return *		8.83%***		25.52%		26.20%		n/a		28.27%		47.18%		22.82%		28.47%		9.78%		-2.17%***
Ratio of Expenses **		3.61%		3.61%		3.61%		n/a		3.56%		3.61%		3.145%		3.91%		3.91%		3.61%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.

Page 100

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/Eastspring Investments China-India Fund		JNL/Franklin Templeton Founding Strategy Fund		JNL/Franklin Templeton Global Growth Fund		JNL/Franklin Templeton Global Multisector Bond Fund(a)		JNL/Franklin Templeton Income Fund		JNL/Franklin Templeton International Small Cap Growth Fund		JNL/Franklin Templeton Mutual Shares Fund		JNL/Franklin Templeton Small Cap Value Fund		JNL/Goldman Sachs Core Plus Bond Fund		JNL/Goldman Sachs Emerging Markets Debt Fund
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	7.443575	$	12.243449	$	11.585596	$	12.065929	$	14.453221	$	11.466425	$	11.876608	$	19.723876	$	26.850742	$	13.932381
Total Return *		-3.17%		22.73%		28.92%		2.65%		7.41%***		31.29%		27.02%		33.25%		-2.04%		-8.62%
Ratio of Expenses **		0.85%		1.00%		1.10%		0.85%		0.85%		0.85%		1.00%		0.85%		1.00%		0.85%
Period ended December 31, 2012
Unit Value	$	7.687385	$	9.975693	$	8.986353	$	11.754500	$	12.650659	$	8.733615	$	9.350544	$	14.802516	$	27.408901	$	15.246667
Total Return *		2.48%***		14.80%		20.72%		13.28%***		11.08%		26.34%***		12.53%		16.84%***		6.69%		13.70%***
Ratio of Expenses **		0.85%		1.00%		1.10%		0.85%		1.00%		0.85%		1.00%		0.85%		1.00%		0.85%
Period ended December 31, 2011
Unit Value	$	6.241003	$	8.689677	$	7.444175	$	10.054309	$	11.388721	$	6.851335	$	8.309360	$	12.566719	$	25.690746	$	12.747546
Total Return *		-28.61%		-2.34%		-7.11%		0.75%***		1.51%		-15.31%		-1.65%***		-3.69%		5.20%		-5.62%
Ratio of Expenses **		1.00%		1.00%		1.10%		1.15%		1.00%		1.10%		1.00%		1.00%		1.00%		1.00%
Period ended December 31, 2010
Unit Value	$	8.741630	$	8.897977	$	8.013670		n/a	$	11.218832	$	8.090292	$	8.415078	$	13.048587	$	24.420522	$	13.506371
Total Return *		15.76%		9.29%		5.90%		n/a		11.45%		19.23%		10.24%		25.58%		6.56%		14.91%
Ratio of Expenses **		1.00%		1.00%		1.10%		n/a		1.00%		1.10%		1.10%		1.00%		1.00%		1.00%
Period ended December 31, 2009
Unit Value	$	7.551324	$	8.141578	$	7.567485		n/a	$	10.066533	$	6.785510	$	7.633746	$	10.390995	$	22.917617	$	11.753563
Total Return *		0.87%***		28.84%		29.40%		n/a		31.60%		50.92%		25.35%		32.27%		13.02%		6.16%***
Ratio of Expenses **		1.00%		1.00%		1.10%		n/a		1.00%		1.10%		1.10%		1.00%		1.00%		1.00%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.

Page 101

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/Eastspring Investments China-India Fund		JNL/Franklin Templeton Founding Strategy Fund		JNL/Franklin Templeton Global Growth Fund		JNL/Franklin Templeton Global Multisector Bond Fund(a)		JNL/Franklin Templeton Income Fund		JNL/Franklin Templeton International Small Cap Growth Fund		JNL/Franklin Templeton Mutual Shares Fund		JNL/Franklin Templeton Small Cap Value Fund		JNL/Goldman Sachs Core Plus Bond Fund		JNL/Goldman Sachs Emerging Markets Debt Fund
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	329,054	$	1,467,588	$	439,451	$	600,386	$	1,556,741	$	419,451	$	559,365	$	563,849	$	605,070	$	238,605
Units Outstanding (in thousands)		45,975		124,335		38,995		50,412		113,194		38,005		48,751		30,233		24,753		17,677
Investment Income Ratio *		0.93%		2.02%		1.44%		2.51%		4.10%		1.10%		0.91%		0.95%		2.68%		7.14%
Period ended December 31, 2012
Net Assets (in thousands)	$	347,087	$	1,153,798	$	230,044	$	297,966	$	1,127,679	$	241,752	$	391,902	$	326,695	$	732,593	$	317,364
Units Outstanding (in thousands)		46,690		119,513		26,253		25,535		92,341		28,647		43,187		23,244		29,456		21,400
Investment Income Ratio *		0.75%		2.20%		1.65%		0.34%		4.85%		1.60%		1.54%		0.25%		2.43%		0.00%
Period ended December 31, 2011
Net Assets (in thousands)	$	272,734	$	1,002,736	$	150,197	$	3,209	$	830,111	$	159,531	$	310,557	$	261,576	$	576,804	$	325,784
Units Outstanding (in thousands)		44,632		118,697		20,586		319		75,202		23,703		38,323		21,600		24,660		26,008
Investment Income Ratio *		0.34%		1.46%		0.95%		0.00%		4.30%		1.52%		2.60%		0.28%		2.12%		4.64%
Period ended December 31, 2010
Net Assets (in thousands)	$	362,908	$	980,170	$	120,991		n/a	$	647,703	$	147,477	$	242,092	$	235,996	$	471,544	$	363,805
Units Outstanding (in thousands)		42,196		112,773		15,358		n/a		59,311		18,484		29,259		18,698		21,206		27,289
Investment Income Ratio *		0.00%		2.99%		1.46%		n/a		4.19%		1.30%		0.02%		0.48%		2.52%		1.30%
Period ended December 31, 2009
Net Assets (in thousands)	$	216,740	$	795,638	$	82,733		n/a	$	406,535	$	92,048	$	146,000	$	126,299	$	365,183	$	126,741
Units Outstanding (in thousands)		29,002		99,557		11,092		n/a		41,299		13,701		19,405		12,508		17,500		10,866
Investment Income Ratio *		0.00%		0.07%		2.38%		n/a		7.51%		2.32%		4.87%		0.95%		4.93%		0.19%

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations December 12, 2011.

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Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/Goldman Sachs Mid Cap Value Fund		JNL/Goldman Sachs U.S. Equity Flex Fund		JNL/Invesco Global Real Estate Fund		JNL/Invesco International Growth Fund		JNL/Invesco Large Cap Growth Fund		JNL/Invesco Mid Cap Value Fund		JNL/Invesco Small Cap Growth Fund		JNL/Ivy Asset Strategy Fund(a)		JNL/JPMorgan International Value Fund		JNL/JPMorgan MidCap Growth Fund
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	14.906547	$	10.638287	$	12.131548	$	12.920911	$	13.217218	$	17.907494	$	18.695987	$	13.147456	$	10.470642	$	24.419652
Total Return *		27.64%		30.15%		-0.98%		14.41%		34.44%		26.15%		34.87%		19.27%		16.82%		37.00%
Ratio of Expenses **		3.91%		3.06%		3.71%		3.91%		3.75%		3.695%		3.51%		3.61%		3.91%		3.61%
Period ended December 31, 2012
Unit Value	$	11.678392	$	8.173614	$	12.251585	$	11.293065	$	9.831170	$	14.195139	$	13.862312	$	11.023491	$	8.963371	$	17.824941
Total Return *		13.48%		15.98%		23.63%		11.31%		8.34%		3.83%		13.61%		13.09%		12.65%		12.11%
Ratio of Expenses **		3.91%		3.06%		3.71%		3.91%		3.75%		3.695%		3.51%		3.61%		3.91%		3.61%
Period ended December 31, 2011
Unit Value	$	10.291465	$	7.047439	$	9.910099	$	10.145789	$	9.074299	$	13.672144	$	12.202050	$	9.747802	$	7.956627	$	15.899613
Total Return *		-10.11%		-13.32%		-9.67%		-10.45%		-10.11%		-9.08%		-4.75%		-10.77%		-16.20%		-9.22%
Ratio of Expenses **		3.91%		3.06%		3.71%		3.91%		3.75%		3.695%		3.51%		3.61%		3.91%		3.61%
Period ended December 31, 2010
Unit Value	$	11.449489	$	8.130127	$	10.970794	$	11.329284	$	10.094858	$	15.037352	$	12.811152	$	10.923852	$	9.494509	$	17.514872
Total Return *		19.63%		5.42%		12.88%		8.00%		13.09%		18.61%		21.86%		1.72%***		3.46%		21.14%
Ratio of Expenses **		3.91%		3.06%		3.71%		3.91%		3.75%		3.695%		3.51%		3.61%		3.91%		3.61%
Period ended December 31, 2009
Unit Value	$	9.571077	$	7.712029	$	9.719054	$	10.490005	$	8.926762	$	12.678476	$	10.513159	$	10.330943	$	9.177295	$	14.458073
Total Return *		27.56%		21.10%		27.71%		31.73%		19.72%		34.59%		30.15%		0.07%***		25.18%		37.89%
Ratio of Expenses **		3.91%		3.06%		3.71%		3.91%		3.75%		3.695%		3.51%		2.96%		3.91%		3.61%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 September 28, 2009.

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Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/Goldman Sachs Mid Cap Value Fund		JNL/Goldman Sachs U.S. Equity Flex Fund		JNL/Invesco Global Real Estate Fund		JNL/Invesco International Growth Fund		JNL/Invesco Large Cap Growth Fund		JNL/Invesco Mid Cap Value Fund			JNL/Invesco Small Cap Growth Fund		JNL/Ivy Asset Strategy Fund(a)		JNL/JPMorgan International Value Fund		JNL/JPMorgan MidCap Growth Fund
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	19.182812	$	12.277330	$	15.543249	$	22.856352	$	18.473783	$	27.442472		$	25.845666	$	14.786813	$	16.601959	$	40.843937
Total Return *		31.41%		32.86%		1.89%		17.97%		38.19%		29.60%			38.51%		22.61%		20.27%		40.83%
Ratio of Expenses **		1.00%		1.00%		0.85%		0.85%		1.00%		1.00%			0.85%		0.85%		1.00%		0.85%
Period ended December 31, 2012
Unit Value	$	14.597526	$	9.240592	$	15.254441	$	19.374720	$	13.368320	$	21.174982		$	18.660443	$	12.060489	$	13.804428	$	29.002075
Total Return *		16.84%		18.40%		10.94%***		15.08%***		11.37%		6.67	%		11.09%***		11.75%***		15.99%		9.41%***
Ratio of Expenses **		1.00%		1.00%		0.85%		0.85%		1.00%		1.00	%		0.85%		0.85%		1.00%		0.85%
Period ended December 31, 2011
Unit Value	$	12.493934	$	7.804539	$	11.871410	$	16.465808	$	12.003511	$	19.851042		$	15.751828	$	10.338760	$	11.901546	$	24.544669
Total Return *		-7.47%		-11.52%		-7.19%		-7.81%		-7.61%		-6.60	%		-2.34%		-8.41%		-13.73%		-6.83%
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, 2010
Unit Value	$	13.502182	$	8.820425	$	12.791583	$	17.860560	$	12.992248	$	21.254205		$	16.129274	$	11.288377	$	13.795686	$	26.343380
Total Return *		23.16%		7.62%		15.98%		11.19%		16.24%		21.85	%		24.96%		8.72%		6.51%		24.35%
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, 2009
Unit Value	$	10.963264	$	8.196234	$	11.029111	$	16.063122	$	11.177218	$	17.443577		$	12.907977	$	10.383224	$	12.952293	$	21.185481
Total Return *		31.33%		23.62%		31.21%		35.63%		23.05%		38.26	%		33.46%		-0.96%***		28.87%		41.54%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.00%		1.00	%		1.00%		1.00%		1.00%		1.00%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 September 28, 2009.

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Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/Goldman Sachs Mid Cap Value Fund		JNL/Goldman Sachs U.S. Equity Flex Fund		JNL/Invesco Global Real Estate Fund		JNL/Invesco International Growth Fund		JNL/Invesco Large Cap Growth Fund		JNL/Invesco Mid Cap Value Fund		JNL/Invesco Small Cap Growth Fund		JNL/Ivy Asset Strategy Fund(a)		JNL/JPMorgan International Value Fund		JNL/JPMorgan MidCap Growth Fund
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	553,903	$	186,128	$	925,175	$	528,458	$	511,566	$	259,709	$	475,736	$	2,907,755	$	439,950	$	519,827
Units Outstanding (in thousands)		30,170		15,730		62,885		25,919		29,452		10,304		19,910		202,080		28,623		14,679
Investment Income Ratio *		0.40%		0.17%		3.26%		1.13%		0.41%		0.19%		0.13%		1.41%		3.66%		0.19%
Period ended December 31, 2012
Net Assets (in thousands)	$	370,054	$	122,758	$	722,381	$	368,673	$	328,821	$	202,356	$	220,180	$	1,950,723	$	312,525	$	277,546
Units Outstanding (in thousands)		26,395		13,715		49,885		21,339		26,085		10,391		12,723		165,395		24,334		11,186
Investment Income Ratio *		1.12%		0.39%		0.78%		1.76%		0.00%		0.26%		0.00%		0.11%		4.69%		0.00%
Period ended December 31, 2011
Net Assets (in thousands)	$	282,268	$	92,895	$	408,952	$	283,951	$	301,831	$	206,248	$	167,008	$	1,322,819	$	263,258	$	199,952
Units Outstanding (in thousands)		23,437		12,224		35,711		18,827		26,626		11,308		11,220		129,612		23,696		9,357
Investment Income Ratio *		0.63%		0.12%		2.76%		0.70%		0.16%		0.67%		0.00%		0.15%		2.74%		0.00%
Period ended December 31, 2010
Net Assets (in thousands)	$	235,722	$	109,598	$	355,581	$	273,458	$	266,462	$	196,396	$	139,754	$	843,628	$	302,225	$	171,540
Units Outstanding (in thousands)		18,038		12,702		28,708		16,716		21,671		10,055		9,144		75,384		23,388		7,588
Investment Income Ratio *		0.60%		0.66%		4.61%		0.82%		0.28%		0.52%		0.00%		0.01%		2.81%		0.00%
Period ended December 31, 2009
Net Assets (in thousands)	$	130,124	$	86,765	$	214,583	$	186,951	$	218,614	$	150,303	$	86,035	$	157,832	$	270,170	$	115,417
Units Outstanding (in thousands)		12,215		10,774		20,033		12,731		20,598		9,389		7,002		15,362		22,142		6,505
Investment Income Ratio *		1.26%		0.93%		2.64%		2.29%		0.31%		0.83%		0.00%		0.00%		4.71%		0.00%

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations September 28, 2009.

Page 105

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/JPMorgan U.S. Government & Quality Bond Fund		JNL/Lazard Emerging Markets Fund		JNL/M&G Global Basics Fund		JNL/M&G Global Leaders Fund(a)		JNL/MC 10 x 10 Fund		JNL/MC 25 Fund		JNL/MC Bond Index Fund		JNL/MC Communications Sector Fund		JNL/MC Consumer Brands Sector Fund		JNL/MC Dow 10 Fund
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	12.981881	$	11.419062	$	12.567066	$	13.364681	$	10.783580	$	16.413606	$	10.220022	$	5.403797	$	14.846381	$	9.605048
Total Return *		-7.07%		-4.60%		0.83%		7.66%***		23.75%		31.49%		-6.46%		16.61%		36.10%		25.40%
Ratio of Expenses **		3.75%		3.61%		3.545%		3.15%		3.145%		4.00%		3.91%		3.71%		3.61%		4.00%
Period ended December 31, 2012
Unit Value	$	13.968818	$	11.969985	$	12.463550	$	11.578144	$	8.714196	$	12.482322	$	10.925875	$	4.634014	$	10.908085	$	7.659550
Total Return *		-0.18%		17.86%		4.13%		11.29%		12.36%		13.07%		-0.37%		15.94%		19.08%		6.89%
Ratio of Expenses **		3.75%		3.61%		3.545%		3.06%		3.145%		4.00%		3.91%		3.71%		3.61%		4.00%
Period ended December 31, 2011
Unit Value	$	13.994311	$	10.156056	$	11.969358	$	10.403556	$	7.755443	$	11.039085	$	10.966479	$	3.996745	$	9.160024	$	7.166008
Total Return *		5.80%		-20.66%		-14.95%		-14.33%		-5.11%		4.62%		3.05%		-6.70%		2.77%		13.37%
Ratio of Expenses **		3.75%		3.61%		3.545%		3.06%		3.145%		4.00%		3.91%		3.71%		3.61%		4.00%
Period ended December 31, 2010
Unit Value	$	13.226942	$	12.800285	$	14.073788	$	12.143560	$	8.173251	$	10.552032	$	10.641541	$	4.283972	$	8.913488	$	6.321014
Total Return *		3.39%		17.59%		18.80%		9.96%***		12.83%		18.03%		1.81%		18.07%		23.58%***		19.77%
Ratio of Expenses **		3.75%		3.61%		3.545%		3.06%		3.145%		4.00%		3.91%		3.71%		3.61%		4.00%
Period ended December 31, 2009
Unit Value	$	12.792920	$	10.885966	$	11.846888	$	11.081543	$	7.244035	$	8.939833	$	10.452001	$	3.628383	$	7.568376	$	5.277655
Total Return *		-0.12%		65.65%		0.00%***		9.79%***		20.73%		46.95%		1.69%		21.02%		28.48%		11.33%
Ratio of Expenses **		3.75%		3.61%		3.545%		2.895%		3.145%		4.00%		3.91%		3.71%		3.56%		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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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)	The period is from January 1, 2013 through acquisition September 13, 2013. Unit values disclosed are as of September 13, 2013.

Page 106

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/JPMorgan U.S. Government & Quality Bond Fund		JNL/Lazard Emerging Markets Fund		JNL/M&G Global Basics Fund		JNL/M&G Global Leaders Fund(a)		JNL/MC 10 x 10 Fund		JNL/MC 25 Fund		JNL/MC Bond Index Fund		JNL/MC Communications Sector Fund		JNL/MC Consumer Brands Sector Fund		JNL/MC Dow 10 Fund
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	21.674062	$	14.110266	$	14.358472	$	14.862681	$	12.359803	$	25.353152	$	14.738494	$	8.181687	$	22.156954	$	14.836565
Total Return *		-4.47%		-1.93%		3.43%		17.64%		26.30%		35.50%		-3.55%		14.72%***		39.91%		29.22%
Ratio of Expenses **		1.00%		0.85%		1.00%		1.00%		1.10%		1.00%		0.85%		0.85%		0.85%		1.00%
Period ended December 31, 2012
Unit Value	$	22.689155	$	14.388358	$	13.882337	$	12.634031	$	9.785758	$	18.710849	$	15.281543	$	6.681961	$	15.836182	$	11.481733
Total Return *		2.61%		18.02%***		6.82%		13.61%		14.69%		16.53%		-0.46%***		19.14%		1.63%***		10.15%
Ratio of Expenses **		1.00%		0.85%		1.00%		1.00%		1.10%		1.00%		0.85%		1.00%		0.85%		1.00%
Period ended December 31, 2011
Unit Value	$	22.112284	$	11.774602	$	12.995956	$	11.120220	$	8.532328	$	16.057054	$	14.655253	$	5.608553	$	12.695583	$	10.423578
Total Return *		8.74%		-18.57%		-12.77%		-12.55%		-3.16%		7.79%		6.09%		-4.15%		5.48%		16.81%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.10%		1.00%		1.00%		1.00%		1.00%		1.00%
Period ended December 31, 2010
Unit Value	$	20.334353	$	14.458958	$	14.897910	$	12.715963	$	8.810460	$	14.896187	$	13.814234	$	5.851318	$	12.036436	$	8.923432
Total Return *		6.28%		20.70%		21.86%		12.09%		15.16%		21.63%		4.82%		21.31%		21.54%		23.42%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.10%		1.00%		1.00%		1.00%		1.00%		1.00%
Period ended December 31, 2009
Unit Value	$	19.133594	$	11.979738	$	12.225430	$	11.344119	$	7.650716	$	12.247240	$	13.179022	$	4.823358	$	9.903635	$	7.230299
Total Return *		2.66%		70.03%		45.54%		36.06%		23.22%		51.42%		4.70%		24.34%		31.82%		14.72%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.10%		1.00%		1.00%		1.00%		1.00%		1.00%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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)	The period is from January 1, 2013 through acquisition September 13, 2013. Unit values disclosed are as of September 13, 2013.

Page 107

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/JPMorgan U.S. Government & Quality Bond Fund		JNL/Lazard Emerging Markets Fund		JNL/M&G Global Basics Fund		JNL/M&G Global Leaders Fund(a)		JNL/MC 10 x 10 Fund		JNL/MC 25 Fund		JNL/MC Bond Index Fund		JNL/MC Communications Sector Fund		JNL/MC Consumer Brands Sector Fund		JNL/MC Dow 10 Fund
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	544,463	$	592,311	$	62,756	$	-	$	352,151	$	943,196	$	526,103	$	127,354	$	494,514	$	584,282
Units Outstanding (in thousands)		27,676		44,012		4,498		-		29,211		40,124		38,624		17,197		24,591		42,547
Investment Income Ratio *		3.09%		1.37%		2.23%		0.19%		2.10%		2.54%		2.02%		2.28%		0.71%		0.00%
Period ended December 31, 2012
Net Assets (in thousands)	$	825,483	$	714,704	$	65,953	$	38,757	$	278,794	$	601,581	$	594,553	$	92,760	$	215,723	$	462,836
Units Outstanding (in thousands)		40,223		51,917		4,867		3,136		29,123		34,602		42,018		15,049		15,046		43,454
Investment Income Ratio *		2.32%		1.92%		1.11%		1.10%		2.39%		2.21%		2.11%		2.54%		0.49%		0.00%
Period ended December 31, 2011
Net Assets (in thousands)	$	715,934	$	738,739	$	54,019	$	28,847	$	244,930	$	501,984	$	597,160	$	53,185	$	107,189	$	491,868
Units Outstanding (in thousands)		35,866		64,678		4,233		2,639		29,259		33,587		43,197		10,225		9,082		50,814
Investment Income Ratio *		2.84%		1.00%		0.20%		0.74%		1.49%		2.59%		2.94%		2.69%		0.56%		0.00%
Period ended December 31, 2010
Net Assets (in thousands)	$	491,104	$	973,071	$	42,221	$	22,109	$	228,626	$	487,532	$	533,405	$	59,388	$	74,764	$	376,875
Units Outstanding (in thousands)		26,522		69,140		2,870		1,761		26,356		35,167		40,776		10,912		6,641		45,320
Investment Income Ratio *		2.71%		0.59%		0.79%		0.50%		2.09%		2.46%		2.62%		2.66%		0.53%		0.00%
Period ended December 31, 2009
Net Assets (in thousands)	$	389,728	$	531,698	$	23,031	$	11,179	$	172,516	$	383,253	$	466,312	$	39,177	$	33,163	$	338,274
Units Outstanding (in thousands)		22,457		45,414		1,899		993		22,814		33,485		37,262		8,725		3,576		50,000
Investment Income Ratio *		2.38%		2.38%		0.74%		1.33%		4.71%		4.57%		3.09%		4.96%		0.68%		0.00%

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	The period is from January 1, 2013 through acquisition September 13, 2013.

Page 108

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/MC Dow Dividend Fund(d)		JNL/MC Dow Jones U.S. Contrarian Opportunities Index Fund(c)		JNL/MC Emerging Markets Index Fund(b)		JNL/MC European 30 Fund		JNL/MC Financial Sector Fund		JNL/MC Global 15 Fund		JNL/MC Global Alpha Fund(a)		JNL/MC Healthcare Sector Fund		JNL/MC Index 5 Fund		JNL/MC International Index Fund
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	7.662314	$	13.581782	$	9.445726	$	13.923146	$	7.879192	$	12.119740	$	9.236370	$	15.196576	$	11.028228	$	13.847698
Total Return *		13.46%		8.18%***		-7.37%		26.68%		28.62%		8.86%		-4.14%		35.89%		19.36%		16.79%
Ratio of Expenses **		3.61%		2.745%		3.41%		3.05%		3.61%		4.00%		2.845%		3.61%		3.61%		3.895%
Period ended December 31, 2012
Unit Value	$	6.753516	$	10.050283	$	10.197331	$	10.990367	$	6.125976	$	11.133770	$	9.635187	$	11.182591	$	9.239827	$	11.856901
Total Return *		7.52%		-1.04%***		4.72%***		5.37%		21.64%		18.08%		-4.65%		14.34%		9.90%		13.50%
Ratio of Expenses **		3.61%		2.495%		3.41%		3.05%		3.61%		4.00%		2.845%		3.61%		3.61%		3.895%
Period ended December 31, 2011
Unit Value	$	6.280886		n/a	$	8.995976	$	10.430452	$	5.036198	$	9.429313	$	10.104784	$	9.780146	$	8.407176	$	10.446888
Total Return *		2.03%		n/a		-1.25%***		-10.13%		-15.97%		-11.85%		0.00%		6.96%		-5.55%		-15.61%
Ratio of Expenses **		3.61%		n/a		2.76%		3.05%		3.61%		4.00%		2.845%		3.61%		3.61%		3.895%
Period ended December 31, 2010
Unit Value	$	6.155755		n/a		n/a	$	11.605989	$	5.993357	$	10.697139	$	10.104302	$	9.143940	$	8.900767	$	12.378630
Total Return *		8.07%		n/a		n/a		-3.53%***		9.46%		10.19%		2.13%***		0.19%***		11.68%		2.73%
Ratio of Expenses **		3.61%		n/a		n/a		3.05%		3.61%		4.00%		2.845%		3.61%		3.61%		3.895%
Period ended December 31, 2009
Unit Value	$	5.695866		n/a		n/a	$	11.735781	$	5.475175	$	9.707498	$	9.811293	$	9.126428	$	7.970029	$	12.049528
Total Return *		15.99%		n/a		n/a		6.88%***		14.41%		25.92%		-2.51%***		16.12%		2.11%***		24.34%
Ratio of Expenses **		3.61%		n/a		n/a		2.91%		3.61%		4.00%		2.71%		3.56%		3.61%		3.895%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 September 28, 2009.
(b)	Commencement of operations August 29, 2011.
(c)	Commencement of operations April 30, 2012.
(d)	The period is from January 1, 2013 through acquisition September 13, 2013. Unit values disclosed are as of September 13, 2013.

Page 109

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/MC Dow Dividend Fund(d)		JNL/MC Dow Jones U.S. Contrarian Opportunities Index Fund(c)		JNL/MC Emerging Markets Index Fund(b)		JNL/MC European 30 Fund		JNL/MC Financial Sector Fund		JNL/MC Global 15 Fund		JNL/MC Global Alpha Fund(a)		JNL/MC Healthcare Sector Fund		JNL/MC Index 5 Fund		JNL/MC International Index Fund
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	9.357562	$	13.961531	$	9.993648	$	15.500268	$	11.757308	$	18.720798	$	10.055266	$	22.679696	$	13.039753	$	19.930514
Total Return *		15.55%		37.62%		-5.11%		29.31%		16.38%***		12.17%		-2.21%		39.70%		22.39%		15.30%***
Ratio of Expenses **		1.00%		1.10%		1.00%		1.00%		0.85%		1.00%		0.85%		0.85%		1.10%		0.85%
Period ended December 31, 2012
Unit Value	$	8.098080	$	10.145041	$	10.531939	$	11.986924	$	8.714376	$	16.689518	$	10.282233	$	16.234801	$	10.654331	$	16.284647
Total Return *		10.38%		0.80%***		7.18%***		0.27%***		24.86%		21.68%		-0.24%***		-3.43%***		12.71%		16.84%
Ratio of Expenses **		1.00%		1.10%		1.00%		1.00%		1.00%		1.00%		0.85%		0.85%		1.10%		1.00%
Period ended December 31, 2011
Unit Value	$	7.336783		n/a	$	10.354126	$	11.108943	$	6.979045	$	13.715652	$	10.510301	$	13.555164	$	9.453252	$	13.937538
Total Return *		4.72%		n/a		16.86%***		-8.37%		-13.75%		-9.17%		1.76%		9.78%		-3.15%		-13.13%
Ratio of Expenses **		1.00%		n/a		1.15%		1.10%		1.00%		1.00%		1.10%		1.00%		1.10%		1.00%
Period ended December 31, 2010
Unit Value	$	7.005860		n/a		n/a	$	12.123107	$	8.092060	$	15.101143	$	10.328476	$	12.347713	$	9.760839	$	16.044721
Total Return *		10.93%		n/a		n/a		1.02%		12.36%		13.55%		4.84%		2.84%		14.52%		5.75%
Ratio of Expenses **		1.00%		n/a		n/a		1.10%		1.00%		1.00%		1.10%		1.00%		1.10%		1.00%
Period ended December 31, 2009
Unit Value	$	6.315424		n/a		n/a	$	12.001143	$	7.202118	$	13.299024	$	9.852047	$	12.006527	$	8.523506	$	15.172458
Total Return *		19.06%		n/a		n/a		7.56%***		17.44%		29.75%		-2.14%***		19.77%		23.79%		27.99%
Ratio of Expenses **		1.00%		n/a		n/a		1.10%		1.00%		1.00%		1.10%		1.00%		1.10%		1.00%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 September 28, 2009.
(b)	Commencement of operations August 29, 2011.
(c)	Commencement of operations April 30, 2012.
(d)	The period is from January 1, 2013 through acquisition September 13, 2013. Unit values disclosed are as of September 13, 2013.

Page 110

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/MC Dow Dividend Fund(d)		JNL/MC Dow Jones U.S. Contrarian Opportunities Index Fund(c)		JNL/MC Emerging Markets Index Fund(b)		JNL/MC European 30 Fund		JNL/MC Financial Sector Fund		JNL/MC Global 15 Fund		JNL/MC Global Alpha Fund(a)			JNL/MC Healthcare Sector Fund		JNL/MC Index 5 Fund		JNL/MC International Index Fund
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	-	$	61,672	$	384,617	$	133,957	$	438,277	$	412,420	$	45,949		$	985,262	$	648,975	$	730,995
Units Outstanding (in thousands)		-		4,450		38,940		8,872		41,209		23,806		4,671			47,835		51,033		39,549
Investment Income Ratio *		2.83%		0.80%		0.83%		1.59%		0.91%		0.00%		0.00%			0.75%		1.56%		2.62%
Period ended December 31, 2012
Net Assets (in thousands)	$	357,333	$	6,762	$	208,650	$	28,206	$	216,488	$	419,858	$	46,259		$	405,054	$	492,250	$	519,993
Units Outstanding (in thousands)		45,879		669		19,953		2,405		26,845		27,156		4,587			27,468		47,205		33,781
Investment Income Ratio *		3.01%		0.00%		0.06%		3.88%		1.00%		0.00%		0.00%			0.90%		1.58%		2.80%
Period ended December 31, 2011
Net Assets (in thousands)	$	296,678		n/a	$	3,375	$	19,793	$	151,291	$	400,433	$	50,622		$	252,885	$	380,323	$	407,505
Units Outstanding (in thousands)		41,857		n/a		374		1,806		23,421		31,453		4,865			20,056		40,956		30,833
Investment Income Ratio *		3.10%		n/a		0.00%		1.93%		0.79%		0.00%		0.78%			0.93%		1.04%		2.60%
Period ended December 31, 2010
Net Assets (in thousands)	$	253,764		n/a		n/a	$	16,887	$	172,834	$	522,951	$	38,606		$	159,186	$	302,372	$	473,953
Units Outstanding (in thousands)		37,321		n/a		n/a		1,406		22,949		37,238		3,759			13,810		31,427		31,092
Investment Income Ratio *		2.92%		n/a		n/a		0.07%		1.25%		0.00%		0.00	%		1.06%		1.14%		1.94%
Period ended December 31, 2009
Net Assets (in thousands)	$	231,277		n/a		n/a	$	12,296	$	139,933	$	571,293	$	6,516		$	151,086	$	181,699	$	448,711
Units Outstanding (in thousands)		37,582		n/a		n/a		1,030		20,881		45,965		662			13,468		21,566		31,012
Investment Income Ratio *		7.43%		n/a		n/a		5.88%		1.78%		0.00%		0.00%			1.37%		1.43%		2.71%

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations September 28, 2009.
(b)	Commencement of operations August 29, 2011.
(c)	Commencement of operations April 30, 2012.
(d)	The period is from January 1, 2013 through acquisition September 13, 2013.

Page 111

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/MC JNL 5 Fund		JNL/MC JNL Optimized 5 Fund		JNL/MC Nasdaq 25 Fund		JNL/MC NYSE International 25 Fund		JNL/MC Oil & Gas Sector Fund		JNL/MC Pacific Rim 30 Fund		JNL/MC S&P 10 Fund(a)		JNL/MC S&P 24 Fund		JNL/MC S&P 400 MidCap Index Fund		JNL/MC S&P 500 Index Fund
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	13.194238	$	10.666349	$	15.215740	$	7.229997	$	28.674301	$	14.195485	$	7.220962	$	13.217836	$	18.371028	$	12.002518
Total Return *		26.91%		27.48%		36.10%		18.76%		20.54%		9.26%		11.90%		36.00%		27.91%		26.61%
Ratio of Expenses **		3.695%		3.695%		3.61%		3.61%		3.91%		3.06%		4.00%		3.26%		3.895%		3.895%
Period ended December 31, 2012
Unit Value	$	10.396853	$	8.366950	$	11.180078	$	6.088157	$	23.788550	$	12.992143	$	6.452944	$	9.719095	$	14.362100	$	9.479910
Total Return *		13.75%		10.15%		15.40%		7.72%		0.34%		8.64%		14.97%		7.94%		12.75%		10.95%
Ratio of Expenses **		3.695%		3.695%		3.61%		3.61%		3.91%		3.06%		4.00%		3.26%		3.895%		3.895%
Period ended December 31, 2011
Unit Value	$	9.140074	$	7.595955	$	9.687756	$	5.651868	$	23.708642	$	11.959022	$	5.612705	$	9.004054	$	12.737916	$	8.544069
Total Return *		-5.61%		-13.10%		-1.62%		-26.55%		-0.68%		-4.82%		-18.75%		1.55%		-5.87%		-2.40%
Ratio of Expenses **		3.695%		3.695%		3.61%		3.61%		3.91%		3.06%		4.00%		3.26%		3.895%		3.895%
Period ended December 31, 2010
Unit Value	$	9.683474	$	8.741516	$	9.847499	$	7.694809	$	23.870558	$	12.565053	$	6.908329	$	8.866352	$	13.532357	$	8.753917
Total Return *		12.86%		9.55%		13.04%		-1.36%		14.54%		9.49%		7.04%		12.82%		21.03%		10.07%
Ratio of Expenses **		3.695%		3.695%		3.61%		3.61%		3.91%		3.06%		4.00%		3.26%		3.895%		3.895%
Period ended December 31, 2009
Unit Value	$	8.580057	$	7.979799	$	8.711518	$	7.801081	$	20.840162	$	11.475909	$	6.454163	$	7.858512	$	11.181316	$	7.953366
Total Return *		19.63%		32.73%		29.35%		0.08%***		15.48%		16.00%***		15.06%		15.03%		32.76%		21.16%
Ratio of Expenses **		3.695%		3.695%		3.61%		3.61%		3.91%		3.06%		4.00%		3.26%		3.895%		3.895%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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)	The period is from January 1, 2013 through acquisition September 13, 2013. Unit values disclosed are as of September 13, 2013.

Page 112

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/MC JNL 5 Fund		JNL/MC JNL Optimized 5 Fund		JNL/MC Nasdaq 25 Fund		JNL/MC NYSE International 25 Fund		JNL/MC Oil & Gas Sector Fund		JNL/MC Pacific Rim 30 Fund		JNL/MC S&P 10 Fund(a)		JNL/MC S&P 24 Fund		JNL/MC S&P 400 MidCap Index Fund		JNL/MC S&P 500 Index Fund
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	16.925899	$	13.115219	$	19.636662	$	8.605944	$	44.690102	$	15.936592	$	11.054383	$	15.719755	$	26.440862	$	17.274803
Total Return *		30.37%		30.96%		39.91%		21.90%		24.28%		-3.10%***		14.28%		39.11%		31.87%		30.52%
Ratio of Expenses **		1.00%		1.00%		0.85%		1.00%		0.85%		0.85%		1.00%		1.00%		0.85%		0.85%
Period ended December 31, 2012
Unit Value	$	12.982674	$	10.014324	$	14.035644	$	7.060098	$	35.958048	$	14.176805	$	9.672941	$	11.300460	$	20.050957	$	13.234863
Total Return *		16.87%		13.17%		-1.15%***		10.58%		-2.23%***		10.91%		18.48%		10.42%		2.44%***		1.28%***
Ratio of Expenses **		1.00%		1.00%		0.85%		1.00%		0.85%		1.00%		1.00%		1.00%		0.85%		0.85%
Period ended December 31, 2011
Unit Value	$	11.108993	$	8.849116	$	11.702614	$	6.384835	$	34.109903	$	12.782667	$	8.164092	$	10.234481	$	16.994019	$	11.398882
Total Return *		-3.04%		-10.74%		0.97%		-24.61%		2.25%		-2.85%		-16.29%		3.87%		-3.11%		0.46%
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, 2010
Unit Value	$	11.457330	$	9.913614	$	11.590048	$	8.469371	$	33.360487	$	13.157268	$	9.752472	$	9.853359	$	17.540101	$	11.346466
Total Return *		15.94%		12.54%		16.03%		1.25%		17.92%		11.77%		10.30%		15.40%		24.58%		13.30%
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, 2009
Unit Value	$	9.881825	$	8.809122	$	9.988556	$	8.365151	$	28.289917	$	11.771783	$	8.842030	$	8.538156	$	14.079208	$	10.014643
Total Return *		22.90%		36.35%		32.77%		34.69%		18.89%		29.12%***		18.56%		17.65%		36.66%		24.72%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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)	The period is from January 1, 2013 through acquisition September 13, 2013. Unit values disclosed are as of September 13, 2013.

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Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/MC JNL 5 Fund		JNL/MC JNL Optimized 5 Fund		JNL/MC Nasdaq 25 Fund		JNL/MC NYSE International 25 Fund		JNL/MC Oil & Gas Sector Fund		JNL/MC Pacific Rim 30 Fund		JNL/MC S&P 10 Fund(a)		JNL/MC S&P 24 Fund		JNL/MC S&P 400 MidCap Index Fund		JNL/MC S&P 500 Index Fund
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	3,120,294	$	397,388	$	385,253	$	74,065	$	1,103,185	$	91,439	$	-	$	391,820	$	1,090,084	$	2,360,165
Units Outstanding (in thousands)		193,764		31,602		20,892		8,915		27,241		5,929		-		25,979		44,573		146,683
Investment Income Ratio *		2.59%		2.88%		0.88%		3.56%		1.24%		3.93%		0.00%		1.87%		0.86%		1.46%
Period ended December 31, 2012
Net Assets (in thousands)	$	2,718,584	$	340,858	$	239,760	$	71,565	$	841,333	$	53,928	$	264,824	$	63,317	$	607,048	$	1,285,269
Units Outstanding (in thousands)		219,540		35,365		18,134		10,481		25,822		3,884		29,602		5,802		32,654		103,714
Investment Income Ratio *		2.90%		2.84%		0.25%		3.90%		1.10%		1.89%		0.00%		0.48%		1.08%		1.74%
Period ended December 31, 2011
Net Assets (in thousands)	$	2,666,784	$	325,680	$	147,276	$	66,407	$	796,202	$	41,344	$	205,874	$	53,979	$	463,970	$	892,032
Units Outstanding (in thousands)		250,692		38,068		13,156		10,686		25,205		3,288		27,137		5,444		28,874		81,632
Investment Income Ratio *		3.14%		1.82%		0.58%		1.97%		0.76%		1.51%		0.00%		0.50%		0.63%		1.83%
Period ended December 31, 2010
Net Assets (in thousands)	$	3,150,482	$	408,700	$	113,840	$	95,366	$	593,299	$	35,549	$	289,551	$	45,375	$	465,805	$	811,001
Units Outstanding (in thousands)		285,784		42,419		10,220		11,519		19,159		2,735		31,893		4,730		27,996		74,196
Investment Income Ratio *		2.09%		2.00%		0.21%		2.20%		1.08%		0.00%		0.00%		0.31%		0.70%		1.42%
Period ended December 31, 2009
Net Assets (in thousands)	$	3,112,603	$	394,466	$	84,029	$	79,880	$	434,345	$	15,722	$	320,366	$	32,401	$	359,664	$	662,896
Units Outstanding (in thousands)		325,622		45,827		8,721		9,719		16,524		1,345		38,784		3,884		26,849		68,254
Investment Income Ratio *		3.69%		2.75%		0.00%		4.80%		0.98%		2.92%		0.00%		0.24%		1.26%		1.69%

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	The period is from January 1, 2013 through acquisition September 13, 2013.

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Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/MC S&P SMid 60 Fund		JNL/MC Select Small-Cap Fund(c)		JNL/MC Small Cap Index Fund		JNL/MC Technology Sector Fund		JNL/MC Utilities Sector Fund(b)		JNL/MC Value Line 30 Fund		JNL/MC VIP Fund(c)		JNL/Morgan Stanley Mid Cap Growth Fund(a)		JNL/Neuberger Berman Strategic Income Fund(a)		JNL/Oppenheimer Global Growth Fund
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	13.742661	$	12.459727	$	16.610102	$	6.752509	$	9.520999	$	11.154790	$	11.740068	$	12.568236	$	10.031476	$	14.194996
Total Return *		32.04%		17.88%		33.15%		21.59%		-5.07%***		29.94%		17.06%		12.43%***		0.91%***		21.76%
Ratio of Expenses **		3.61%		4.00%		3.895%		3.71%		1.25%		3.695%		3.51%		2.95%		2.90%		3.61%
Period ended December 31, 2012
Unit Value	$	10.408048	$	10.570237	$	12.475036	$	5.553673		n/a	$	8.584787	$	10.029364	$	9.405834	$	10.341022	$	11.657821
Total Return *		9.80%		11.35%		11.45%		7.17%		n/a		5.19%		8.26%		1.41%***		3.61%***		16.25%
Ratio of Expenses **		3.61%		4.00%		3.895%		3.71%		n/a		3.695%		3.51%		2.845%		2.845%		3.61%
Period ended December 31, 2011
Unit Value	$	9.479046	$	9.493188	$	11.193412	$	5.182166		n/a	$	8.160986	$	9.264238		n/a		n/a	$	10.027837
Total Return *		-10.98%		-2.61%		-7.98%		-3.95%		n/a		-25.77%		-6.98%		n/a		n/a		-11.47%
Ratio of Expenses **		3.61%		4.00%		3.895%		3.71%		n/a		3.695%		3.51%		n/a		n/a		3.61%
Period ended December 31, 2010
Unit Value	$	10.648049	$	9.747222	$	12.164682	$	5.395146		n/a	$	10.994154	$	9.958882		n/a		n/a	$	11.326454
Total Return *		16.48%		10.71%		21.50%		8.02%		n/a		18.01%		11.34%		n/a		n/a		11.29%
Ratio of Expenses **		3.61%		4.00%		3.895%		3.71%		n/a		3.695%		3.51%		n/a		n/a		3.61%
Period ended December 31, 2009
Unit Value	$	9.141570	$	8.803901	$	10.012294	$	4.994363		n/a	$	9.316264	$	8.944430		n/a		n/a	$	10.177547
Total Return *		13.44%***		0.78%		22.51%		57.85%		n/a		10.52%		19.68%		n/a		n/a		34.48%
Ratio of Expenses **		3.61%		4.00%		3.895%		3.71%		n/a		3.695%		3.51%		n/a		n/a		3.61%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.
(b)	Commencement of operations April 29, 2013.
(c)	The period is from January 1, 2013 through acquisition September 13, 2013. Unit values disclosed are as of September 13, 2013.

Page 115

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/MC S&P SMid 60 Fund		JNL/MC Select Small-Cap Fund(c)		JNL/MC Small Cap Index Fund		JNL/MC Technology Sector Fund		JNL/MC Utilities Sector Fund(b)		JNL/MC Value Line 30 Fund		JNL/MC VIP Fund(c)		JNL/Morgan Stanley Mid Cap Growth Fund(a)		JNL/Neuberger Berman Strategic Income Fund(a)		JNL/Oppenheimer Global Growth Fund
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	16.358028	$	19.074355	$	23.906412	$	10.223802	$	9.537077	$	14.508738	$	14.694514	$	12.963200	$	10.338020	$	19.759860
Total Return *		35.53%		20.38%		37.26%		25.11%		-4.63%***		4.05%***		19.14%		36.22%		-1.19%		24.98%
Ratio of Expenses **		1.00%		1.00%		0.85%		0.85%		1.00%		0.85%		1.00%		1.10%		1.10%		1.00%
Period ended December 31, 2012
Unit Value	$	12.069629	$	15.844829	$	17.416440	$	8.171569		n/a	$	10.719987	$	12.334237	$	9.516360	$	10.462631	$	15.809947
Total Return *		12.71%		14.75%		3.62%***		-6.20%***		n/a		8.07%		11.02%		5.43%***		0.97%***		19.34%
Ratio of Expenses **		1.00%		1.00%		0.85%		0.85%		n/a		1.00%		1.00%		1.10%		1.10%		1.00%
Period ended December 31, 2011
Unit Value	$	10.708353	$	13.808602	$	14.933609	$	7.272040		n/a	$	9.919046	$	11.109677		n/a		n/a	$	13.248085
Total Return *		-8.63%		0.35%		-5.29%		-1.32%		n/a		-23.75%		-4.62%		n/a		n/a		-9.13%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		n/a		1.00%		1.00%		n/a		n/a		1.00%
Period ended December 31, 2010
Unit Value	$	11.719891	$	13.760192	$	15.767515	$	7.369022		n/a	$	13.008158	$	11.647737		n/a		n/a	$	14.579247
Total Return *		19.56%		14.09%		25.07%		10.99%		n/a		21.23%		14.17%		n/a		n/a		14.23%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		n/a		1.00%		1.00%		n/a		n/a		1.00%
Period ended December 31, 2009
Unit Value	$	9.802589	$	12.061163	$	12.607306	$	6.639203		n/a	$	10.729784	$	10.202293		n/a		n/a	$	12.762875
Total Return *		59.98%		3.85%		26.11%		62.19%		n/a		13.54%		22.72%		n/a		n/a		38.04%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		n/a		1.00%		1.00%		n/a		n/a		1.00%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.
(b)	Commencement of operations April 29, 2013.
(c)	The period is from January 1, 2013 through acquisition September 13, 2013. Unit values disclosed are as of September 13, 2013.

Page 116

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/MC S&P SMid 60 Fund		JNL/MC Select Small-Cap Fund(c)		JNL/MC Small Cap Index Fund		JNL/MC Technology Sector Fund		JNL/MC Utilities Sector Fund(b)		JNL/MC Value Line 30 Fund		JNL/MC VIP Fund(c)		JNL/Morgan Stanley Mid Cap Growth Fund(a)		JNL/Neuberger Berman Strategic Income Fund(a)		JNL/Oppenheimer Global Growth Fund
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	327,593	$	-	$	1,167,462	$	561,854	$	2,976	$	408,287	$	-	$	59,316	$	133,549	$	601,435
Units Outstanding (in thousands)		20,715		-		52,683		60,592		312		30,035		-		4,608		13,007		32,482
Investment Income Ratio *		1.74%		1.31%		1.26%		0.72%		4.57%		1.92%		2.32%		0.00%		0.19%		1.04%
Period ended December 31, 2012
Net Assets (in thousands)	$	181,031	$	250,923	$	559,727	$	393,847		n/a	$	357,999	$	230,850	$	11,508	$	66,681	$	375,828
Units Outstanding (in thousands)		15,483		17,075		34,612		53,038		n/a		35,092		19,597		1,212		6,393		25,292
Investment Income Ratio *		0.84%		0.14%		1.82%		0.28%		n/a		0.06%		1.98%		0.67%		0.00%		1.07%
Period ended December 31, 2011
Net Assets (in thousands)	$	158,327	$	239,195	$	411,164	$	313,873		n/a	$	366,236	$	244,474		n/a		n/a	$	284,666
Units Outstanding (in thousands)		15,191		18,646		29,011		46,394		n/a		38,660		22,972		n/a		n/a		22,760
Investment Income Ratio *		0.71%		0.99%		0.77%		0.20%		n/a		0.00%		1.31%		n/a		n/a		0.62%
Period ended December 31, 2010
Net Assets (in thousands)	$	174,748	$	278,923	$	444,511	$	272,752		n/a	$	547,478	$	285,252		n/a		n/a	$	247,329
Units Outstanding (in thousands)		15,266		21,759		29,615		39,671		n/a		43,841		25,456		n/a		n/a		17,907
Investment Income Ratio *		0.09%		0.49%		0.65%		0.17%		n/a		0.60%		2.32%		n/a		n/a		0.85%
Period ended December 31, 2009
Net Assets (in thousands)	$	123,129	$	288,802	$	363,256	$	225,292		n/a	$	524,476	$	282,986		n/a		n/a	$	173,881
Units Outstanding (in thousands)		12,792		25,618		30,126		36,401		n/a		50,623		28,696		n/a		n/a		14,359
Investment Income Ratio *		1.07%		0.93%		0.93%		0.12%		n/a		0.13%		1.73%		n/a		n/a		1.69%

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations April 30, 2012.
(b)	Commencement of operations April 29, 2013.
(c)	The period is from January 1, 2013 through acquisition September 13, 2013.

Page 117

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/PIMCO Real Return Fund		JNL/PIMCO Total Return Bond Fund		JNL/PPM America Floating Rate Income Fund(a)		JNL/PPM America High Yield Bond Fund		JNL/PPM America Mid Cap Value Fund		JNL/PPM America Small Cap Value Fund		JNL/PPM America Value Equity Fund		JNL/Red Rocks Listed Private Equity Fund		JNL/S&P 4 Fund		JNL/S&P Competitive Advantage Fund
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	11.545747	$	13.117925	$	10.318816	$	13.984681	$	13.451379	$	13.273272	$	17.843244	$	13.272425	$	15.555573	$	16.838644
Total Return *		-12.35%		-5.83%		1.12%		4.36%		36.08%		32.48%		35.26%		36.78%		38.54%		37.87%
Ratio of Expenses **		3.61%		3.91%		3.11%		3.61%		3.61%		3.61%		3.61%		3.51%		3.61%		3.61%
Period ended December 31, 2012
Unit Value	$	13.172528	$	13.930277	$	10.204321	$	13.399916	$	9.884915	$	10.018823	$	13.192250	$	9.703725	$	11.228262	$	12.213561
Total Return *		4.58%		3.93%		4.52%		12.60%		12.29%		15.43%		11.55%		25.76%		12.10%		12.48%
Ratio of Expenses **		3.61%		3.91%		3.11%		3.61%		3.61%		3.61%		3.61%		3.51%		3.61%		3.61%
Period ended December 31, 2011
Unit Value	$	12.596112	$	13.403110	$	9.763142	$	11.900255	$	8.802847	$	8.679633	$	11.826380	$	7.716122	$	10.016290	$	10.858481
Total Return *		7.76%		0.82%		3.18%***		0.97%		-10.69%		-11.28%		-8.61%		-20.79%		2.12%		6.62%
Ratio of Expenses **		3.61%		3.91%		3.11%		3.61%		3.61%		3.61%		3.61%		3.51%		3.61%		3.61%
Period ended December 31, 2010
Unit Value	$	11.688683	$	13.294261		n/a	$	11.785726	$	9.855985	$	9.782878	$	12.941093	$	9.741513	$	9.807963	$	10.184414
Total Return *		0.26%***		3.45%		n/a		11.53%		24.98%		23.18%		9.65%***		8.76%***		9.76%		8.63%
Ratio of Expenses **		3.61%		3.91%		n/a		3.61%		3.61%		3.61%		3.61%		3.51%		3.61%		3.61%
Period ended December 31, 2009
Unit Value	$	11.271641	$	12.851486		n/a	$	10.567026	$	7.885776	$	7.941697	$	11.592092	$	8.002272	$	8.935882	$	9.375145
Total Return *		13.16%		11.03%		n/a		41.12%		2.89%***		6.35%***		39.59%		8.22%***		36.82%		9.43%***
Ratio of Expenses **		3.545%		3.91%		n/a		3.61%		3.61%		3.61%		3.51%		3.36%		3.61%		3.61%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 January 1, 2011.

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Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/PIMCO Real Return Fund		JNL/PIMCO Total Return Bond Fund		JNL/PPM America Floating Rate Income Fund(a)		JNL/PPM America High Yield Bond Fund		JNL/PPM America Mid Cap Value Fund		JNL/PPM America Small Cap Value Fund		JNL/PPM America Value Equity Fund		JNL/Red Rocks Listed Private Equity Fund		JNL/S&P 4 Fund		JNL/S&P Competitive Advantage Fund
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	13.990021	$	21.298086	$	11.041085	$	21.650988	$	15.766223	$	15.423975	$	28.490768	$	15.255852	$	18.396130	$	19.734087
Total Return *		-9.90%		-2.91%		3.43%		7.28%		39.89%		35.99%		38.69%		40.46%		42.42%		41.51%
Ratio of Expenses **		0.85%		0.85%		0.85%		0.85%		0.85%		1.00%		1.10%		0.85%		0.85%		1.00%
Period ended December 31, 2012
Unit Value	$	15.526658	$	21.935375	$	10.674570	$	20.180869	$	11.270586	$	11.342241	$	20.542233	$	10.861040	$	12.917126	$	13.944943
Total Return *		2.48%***		0.51%***		4.60%***		10.59%***		12.87%***		18.49%		14.39%		20.39%***		1.46%***		15.46%
Ratio of Expenses **		0.85%		0.85%		0.85%		0.85%		0.85%		1.00%		1.10%		0.85%		0.85%		1.00%
Period ended December 31, 2011
Unit Value	$	14.335478	$	20.048385	$	9.970069	$	17.085087	$	9.672001	$	9.572316	$	17.957638	$	8.368520	$	11.140221	$	12.077498
Total Return *		10.61%		3.79%		-1.04%***		3.63%		-8.42%		12.25%***		-6.30%		-18.78%		12.09%***		9.43%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.10%		1.00%		1.10%		1.00%		1.00%		1.00%
Period ended December 31, 2010
Unit Value	$	12.960938	$	19.316750		n/a	$	16.486250	$	10.561409	$	10.483034	$	19.164505	$	10.303812	$	10.595861	$	11.036703
Total Return *		6.65%		6.50%		n/a		14.48%		28.16%		26.31%		16.17%		25.06%		12.55%		11.50%
Ratio of Expenses **		1.00%		1.00%		n/a		1.00%		1.10%		1.10%		1.10%		1.00%		1.10%		1.00%
Period ended December 31, 2009
Unit Value	$	12.152635	$	18.137786		n/a	$	14.400860	$	8.240756	$	8.299179	$	16.496448	$	8.239112	$	9.414414	$	9.897945
Total Return *		16.08%		14.31%		n/a		44.85%		45.77%		32.51%		43.00%		38.93%		40.30%		48.51%***
Ratio of Expenses **		1.00%		1.00%		n/a		1.00%		1.10%		1.10%		1.10%		1.00%		1.10%		1.00%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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 January 1, 2011.

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Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/PIMCO Real Return Fund		JNL/PIMCO Total Return Bond Fund		JNL/PPM America Floating Rate Income Fund(a)		JNL/PPM America High Yield Bond Fund		JNL/PPM America Mid Cap Value Fund		JNL/PPM America Small Cap Value Fund		JNL/PPM America Value Equity Fund		JNL/Red Rocks Listed Private Equity Fund		JNL/S&P 4 Fund		JNL/S&P Competitive Advantage Fund
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	1,358,822	$	3,417,014	$	1,077,933	$	1,571,549	$	255,733	$	189,982	$	170,362	$	494,897	$	2,922,386	$	616,476
Units Outstanding (in thousands)		101,678		178,424		99,528		81,106		16,840		12,722		6,708		33,392		165,123		32,284
Investment Income Ratio *		1.15%		1.11%		2.27%		6.30%		0.64%		0.43%		1.31%		8.93%		0.83%		0.69%
Period ended December 31, 2012
Net Assets (in thousands)	$	2,175,079	$	4,251,064	$	278,372	$	1,362,796	$	115,388	$	94,059	$	112,314	$	346,531	$	1,217,212	$	293,492
Units Outstanding (in thousands)		146,138		215,752		26,438		75,591		10,587		8,512		6,164		32,794		97,619		21,654
Investment Income Ratio *		2.08%		2.19%		3.34%		6.26%		0.37%		1.01%		1.33%		0.00%		1.89%		0.65%
Period ended December 31, 2011
Net Assets (in thousands)	$	1,526,239	$	2,980,927	$	129,210	$	870,828	$	87,886	$	65,195	$	97,154	$	308,657	$	956,114	$	153,398
Units Outstanding (in thousands)		109,600		161,304		13,038		55,802		9,255		6,964		6,104		37,524		87,824		12,987
Investment Income Ratio *		0.99%		3.19%		0.00%		6.97%		0.10%		0.19%		1.12%		8.66%		4.94%		1.01%
Period ended December 31, 2010
Net Assets (in thousands)	$	972,580	$	2,500,105		n/a	$	721,610	$	83,276	$	58,322	$	106,819	$	279,890	$	797,263	$	83,408
Units Outstanding (in thousands)		76,831		140,076		n/a		47,902		8,009		5,650		6,283		27,501		76,365		7,689
Investment Income Ratio *		1.48%		2.29%		n/a		7.60%		0.00%		0.21%		1.21%		0.25%		0.00%		0.75%
Period ended December 31, 2009
Net Assets (in thousands)	$	694,975	$	1,673,846		n/a	$	491,310	$	19,225	$	14,748	$	88,889	$	111,569	$	592,013	$	88,880
Units Outstanding (in thousands)		58,299		99,987		n/a		37,428		2,359		1,795		6,119		13,636		63,553		9,096
Investment Income Ratio *		2.99%		3.12%		n/a		8.55%		0.71%		0.61%		5.72%		5.63%		1.22%		0.02%

*	These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.
(a)	Commencement of operations January 1, 2011.

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Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/S&P Dividend Income & Growth Fund		JNL/S&P Intrinsic Value Fund		JNL/S&P Managed Aggressive Growth Fund		JNL/S&P Managed Conservative Fund		JNL/S&P Managed Growth Fund		JNL/S&P Managed Moderate Fund		JNL/S&P Managed Moderate Growth Fund		JNL/S&P Total Yield Fund		JNL/T. Rowe Price Established Growth Fund		JNL/T. Rowe Price Mid-Cap Growth Fund
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	14.163602	$	16.729426	$	13.685008	$	10.914940	$	13.691565	$	12.013979	$	12.596786	$	14.308556	$	29.492504	$	44.948972
Total Return *		26.27%		44.63%		21.14%		0.73%		18.01%		6.42%		11.29%		46.30%		33.35%		31.27%
Ratio of Expenses **		3.51%		3.61%		3.75%		3.695%		3.80%		3.695%		4.01%		3.61%		3.91%		3.91%
Period ended December 31, 2012
Unit Value	$	11.216816	$	11.566954	$	11.296479	$	10.835956	$	11.601845	$	11.289240	$	11.318630	$	9.780077	$	22.116964	$	34.241931
Total Return *		8.90%		10.05%		11.57%		4.82%		11.03%		6.89%		9.26%		17.50%		14.27%		9.22%
Ratio of Expenses **		3.51%		3.61%		3.75%		3.695%		3.80%		3.695%		4.01%		3.61%		3.91%		3.91%
Period ended December 31, 2011
Unit Value	$	10.299783	$	10.510325	$	10.125196	$	10.337958	$	10.449663	$	10.561571	$	10.359662	$	8.323496	$	19.355494	$	31.351508
Total Return *		8.56%		2.75%		-8.29%		-0.61%		-6.74%		-2.81%		-5.14%		-8.75%		-4.96%		-5.23%
Ratio of Expenses **		3.51%		3.61%		3.75%		3.695%		3.80%		3.695%		4.01%		3.61%		3.91%		3.91%
Period ended December 31, 2010
Unit Value	$	9.488017	$	10.229163	$	11.040307	$	10.401392	$	11.205082	$	10.867131	$	10.920968	$	9.121174	$	20.365095	$	33.080837
Total Return *		14.16%		10.33%		12.78%		4.76%		11.79%		7.27%		8.73%		6.18%		12.29%		22.96%
Ratio of Expenses **		3.51%		3.61%		3.75%		3.695%		3.80%		3.695%		4.01%		3.61%		3.91%		3.91%
Period ended December 31, 2009
Unit Value	$	8.310996	$	9.271159	$	9.789636	$	9.929091	$	10.023459	$	10.131046	$	10.043857	$	8.590651	$	18.136812	$	26.903923
Total Return *		39.26%***		13.04%***		26.22%		9.41%		23.29%		14.32%		18.60%		2.27%***		37.99%		41.21%
Ratio of Expenses **		3.51%		3.61%		3.75%		3.695%		3.80%		3.695%		4.01%		3.61%		3.91%		3.91%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.

Page 121

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/S&P Dividend Income & Growth Fund		JNL/S&P Intrinsic Value Fund		JNL/S&P Managed Aggressive Growth Fund		JNL/S&P Managed Conservative Fund		JNL/S&P Managed Growth Fund		JNL/S&P Managed Moderate Fund		JNL/S&P Managed Moderate Growth Fund		JNL/S&P Total Yield Fund		JNL/T. Rowe Price Established Growth Fund		JNL/T. Rowe Price Mid-Cap Growth Fund
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	16.498730	$	19.606971	$	21.097901	$	14.001567	$	21.271309	$	15.411454	$	20.227633	$	16.769144	$	52.169689	$	77.323934
Total Return *		29.48%		48.46%		24.52%		3.48%		21.36%		9.33%		14.69%		50.17%		37.49%		35.15%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%		0.85%		1.00%
Period ended December 31, 2012
Unit Value	$	12.742209	$	13.207260	$	16.943113	$	13.530606	$	17.526999	$	14.096669	$	17.636234	$	11.166615	$	37.943892	$	57.215482
Total Return *		11.68%		12.97%		14.69%		7.69%		14.19%		9.82%		12.60%		20.62%		6.85%***		12.45%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%		1.00%		0.85%		1.00%
Period ended December 31, 2011
Unit Value	$	11.409605	$	11.690770	$	14.773287	$	12.564577	$	15.349276	$	12.836407	$	15.662054	$	9.258036	$	31.410950	$	50.879218
Total Return *		11.31%		5.46%		-5.74%		2.10%		-4.10%		-0.16%***		-2.25%***		-6.34%		-2.16%		-2.44%
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, 2010
Unit Value	$	10.250525	$	11.085669	$	15.672705	$	12.306413	$	16.005626	$	12.777857	$	15.820096	$	9.884599	$	32.104002	$	52.149990
Total Return *		17.06%		13.25%		15.92%		7.62%		14.96%		10.09%		11.94%		8.98%		15.60%		26.59%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.00%		1.10%		1.10%		1.00%		1.00%		1.00%
Period ended December 31, 2009
Unit Value	$	8.756332	$	9.788398	$	13.520264	$	11.435228	$	13.922400	$	11.607218	$	14.132179	$	9.069807	$	27.771231	$	41.195958
Total Return *		38.48%***		74.12%***		29.74%		16.10%***		26.79%		17.33%		22.11%		62.22%***		42.07%		45.38%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.00%		1.10%		1.10%		1.00%		1.00%		1.00%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.

Page 122

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/S&P Dividend Income & Growth Fund		JNL/S&P Intrinsic Value Fund		JNL/S&P Managed Aggressive Growth Fund		JNL/S&P Managed Conservative Fund		JNL/S&P Managed Growth Fund		JNL/S&P Managed Moderate Fund		JNL/S&P Managed Moderate Growth Fund		JNL/S&P Total Yield Fund		JNL/T. Rowe Price Established Growth Fund		JNL/T. Rowe Price Mid-Cap Growth Fund
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	1,781,588	$	605,777	$	1,425,616	$	1,567,878	$	4,178,451	$	3,071,065	$	5,616,026	$	362,318	$	2,019,757	$	2,161,052
Units Outstanding (in thousands)		111,465		31,928		72,852		117,677		211,960		208,670		299,937		22,353		44,000		30,964
Investment Income Ratio *		1.89%		1.16%		0.72%		0.58%		0.90%		0.47%		0.50%		1.27%		0.08%		0.00%
Period ended December 31, 2012
Net Assets (in thousands)	$	822,731	$	230,392	$	988,005	$	1,688,160	$	3,014,831	$	2,671,615	$	4,454,811	$	112,891	$	1,325,286	$	1,472,007
Units Outstanding (in thousands)		66,373		17,949		62,719		130,695		184,990		197,840		272,199		10,415		39,723		28,527
Investment Income Ratio *		1.67%		0.91%		0.94%		2.59%		1.27%		1.88%		1.55%		0.96%		0.00%		0.21%
Period ended December 31, 2011
Net Assets (in thousands)	$	529,069	$	197,440	$	748,866	$	1,187,614	$	2,273,056	$	1,942,414	$	3,240,548	$	80,015	$	901,594	$	1,176,491
Units Outstanding (in thousands)		47,429		17,293		54,285		98,525		158,754		157,318		222,293		8,851		31,868		25,681
Investment Income Ratio *		1.84%		0.97%		0.66%		2.39%		0.73%		1.97%		1.64%		1.22%		0.00%		0.02%
Period ended December 31, 2010
Net Assets (in thousands)	$	216,196	$	105,541	$	694,558	$	886,035	$	1,946,317	$	1,514,845	$	2,629,579	$	64,956	$	782,772	$	981,793
Units Outstanding (in thousands)		21,452		9,700		47,392		74,750		130,135		122,023		176,006		6,691		27,158		21,009
Investment Income Ratio *		1.79%		0.75%		0.76%		2.60%		1.05%		2.16%		1.39%		0.74%		0.04%		0.20%
Period ended December 31, 2009
Net Assets (in thousands)	$	79,218	$	86,341	$	508,673	$	572,713	$	1,329,575	$	930,311	$	1,625,059	$	53,501	$	548,364	$	590,369
Units Outstanding (in thousands)		9,158		8,941		40,161		51,869		102,211		82,390		122,140		5,976		22,175		16,143
Investment Income Ratio *		0.04%		0.03%		2.48%		2.03%		2.25%		1.53%		0.85%		0.02%		0.33%		0.00%

* These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.

Page 123

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/T. Rowe Price Short-Term Bond Fund		JNL/T. Rowe Price Value Fund		JNL/WMC Balanced Fund		JNL/WMC Money Market Fund		JNL/WMC Value Fund
Highest expense ratio
Period ended December 31, 2013
Unit Value	$	8.872603	$	16.100834	$	23.823488	$	8.009515	$	22.147785
Total Return *		-3.45%		31.88%		14.88%		-3.68%		26.29%
Ratio of Expenses **		3.61%		3.91%		3.80%		3.75%		3.70%
Period ended December 31, 2012
Unit Value	$	9.189697	$	12.209024	$	20.737850	$	8.315507	$	17.537698
Total Return *		-1.20%		14.74%		5.98%		-3.69%		12.11%
Ratio of Expenses **		3.61%		3.91%		3.80%		3.75%		3.70%
Period ended December 31, 2011
Unit Value	$	9.301062	$	10.640263	$	19.567657	$	8.634066	$	15.643046
Total Return *		-2.21%		-5.82%		-0.57%		-3.67%		-5.61%
Ratio of Expenses **		3.61%		3.91%		3.80%		3.75%		3.70%
Period ended December 31, 2010
Unit Value	$	9.510825	$	11.297764	$	19.680014	$	8.962684	$	16.572366
Total Return *		-0.72%		11.45%		6.70%		-3.68%		9.57%
Ratio of Expenses **		3.61%		3.91%		3.80%		3.75%		3.70%
Period ended December 31, 2009
Unit Value	$	9.579367	$	10.137378	$	18.445088	$	9.305184	$	15.125413
Total Return *	-0.28%***			31.83%		15.23%		-3.54%		19.48%
Ratio of Expenses **		3.61%		3.91%		3.80%		3.75%		3.70%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.

Page 124

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/T. Rowe Price Short-Term Bond Fund		JNL/T. Rowe Price Value Fund		JNL/WMC Balanced Fund		JNL/WMC Money Market Fund		JNL/WMC Value Fund
Lowest expense ratio
Period ended December 31, 2013
Unit Value	$	10.965640	$	24.464416	$	41.281946	$	13.750691	$	30.012344
Total Return *		-0.75%		35.97%		18.32%		-0.85%		29.74%
Ratio of Expenses **		0.85%		0.85%		0.85%		0.85%		1.00%
Period ended December 31, 2012
Unit Value	$	11.048330	$	17.991908	$	34.890392	$	13.867935	$	23.132132
Total Return *		-0.12%***		15.29%***		-0.97%***		-0.30%***		15.19%
Ratio of Expenses **		0.85%		0.85%		0.85%		0.85%		1.00%
Period ended December 31, 2011
Unit Value	$	10.785135	$	14.943349	$	31.176294	$	13.642602	$	20.081933
Total Return *		0.37%		-3.05%		2.24%		-0.99%		-3.03%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.00%
Period ended December 31, 2010
Unit Value	$	10.745000	$	15.412882	$	30.491815	$	13.778726	$	20.709679
Total Return *		1.91%		14.74%		9.73%		-1.00%		12.57%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.00%
Period ended December 31, 2009
Unit Value	$	10.543119	$	13.433157	$	27.789280	$	13.917211	$	18.397952
Total Return *		6.57%		35.72%		18.50%		-0.85%		22.75%
Ratio of Expenses **		1.00%		1.00%		1.00%		1.00%		1.00%

*	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 Investment Divisions 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 Investment Division of the Separate Account.
**	Annualized contract expenses of Investment Divisions 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.

Page 125

Jackson National Separate Account I

Notes to Financial Statements (continued)

Note 7 - Financial Highlights (continued)

	JNL/T. Rowe Price Short-Term Bond Fund		JNL/T. Rowe Price Value Fund		JNL/WMC Balanced Fund		JNL/WMC Money Market Fund		JNL/WMC Value Fund
Investment Division data
Period ended December 31, 2013
Net Assets (in thousands)	$	697,296	$	969,477	$	3,194,549	$	1,268,083	$	638,676
Units Outstanding (in thousands)		66,830		43,153		86,719		104,583		22,497
Investment Income Ratio *		1.34%		1.29%		1.49%		0.00%		1.92%
Period ended December 31, 2012
Net Assets (in thousands)	$	647,091	$	570,473	$	2,294,283	$	1,195,108	$	430,498
Units Outstanding (in thousands)		61,301		34,539		73,604		97,907		19,603
Investment Income Ratio *		1.03%		1.32%		1.33%		0.00%		2.30%
Period ended December 31, 2011
Net Assets (in thousands)	$	493,477	$	431,971	$	1,709,811	$	1,010,793	$	362,133
Units Outstanding (in thousands)		47,268		30,832		59,618		82,015		18,923
Investment Income Ratio *		1.27%		1.37%		1.18%		0.00%		1.03%
Period ended December 31, 2010
Net Assets (in thousands)	$	334,098	$	411,509	$	1,228,148	$	676,914	$	353,077
Units Outstanding (in thousands)		31,935		28,398		43,834		54,428		17,861
Investment Income Ratio *		1.38%		1.03%		1.44%		0.00%		1.02%
Period ended December 31, 2009
Net Assets (in thousands)	$	182,385	$	318,777	$	698,799	$	813,943	$	245,685
Units Outstanding (in thousands)		17,700		25,158		27,589		64,606		13,947
Investment Income Ratio *		3.80%		1.73%		2.87%		0.18%		1.78%

* These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division 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 Investment Division received dividend income from the underlying Fund.

Page 126

	KPMG LLP
	Aon Center
	Suite 5500
	200 East Randolph Drive
	Chicago, IL 60601-6436

Report of Independent Registered Public Accounting Firm

The Board of Directors

Jackson National Life Insurance Company and

Contract Owners of Jackson National Separate Account I:

We have audited the accompanying statement of assets and liabilities of each investment division within Jackson National Separate Account I (the “Company”), as of December 31, 2013, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2013, by correspondence with the transfer agent of the underlying mutual funds and other appropriate auditing procedures.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of each investment division within Jackson National Separate Account I as of December 31, 2013, the results of its operations for the year then ended, the changes in its net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

Chicago, IL
March 7, 2014

KPMG LLP is a Delaware limited liability partnership, the U.S. member firm of KPMG International Cooperative (“KPMG International”), a Swiss entity.

APPENDIX B

Jackson National Life Insurance Company and Subsidiaries
Index to Consolidated Financial Statements
December 31, 2013 and 2012
Independent Auditors’ Report	1
Consolidated Balance Sheets	2
Consolidated Income Statements	3
Consolidated Statements of Comprehensive Income	4
Consolidated Statements of Equity	5
Consolidated Statements of Cash Flows	6
Notes to Consolidated Financial Statements	7

KPMG LLP

Aon Center

Suite 5500

200 East Randolph Drive

Chicago, IL 60601-6436

Report of Independent Registered Public Accounting Firm

The Board of Directors and Stockholder of

Jackson National Life Insurance Company:

We have audited the accompanying consolidated balance sheets of Jackson National Life Insurance Company and Subsidiaries (the Company) as of December 31, 2013 and 2012, and the related consolidated income statements, consolidated statements of comprehensive income, equity, and cash flows for each of the years in the three-year period ended December 31, 2013. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting.  Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Jackson National Life Insurance Company and Subsidiaries as of December 31, 2013 and 2012, and the results of their operations and their cash flows for each of the years in the three-year period ended December 31, 2013, in conformity with U.S. generally accepted accounting principles.

Chicago, Illinois

March 7, 2014

KPMG LLP is a Delaware limited liability partnership, the U.S. member firm of KPMG International Cooperative (“KPMG International”), a Swiss entity.

Jackson National Life Insurance Company and Subsidiaries

Consolidated Balance Sheets

(In thousands, except per share information)

	December 31,
Assets	2013			2012
Investments:
Securities available for sale, at fair value:
Fixed maturities (amortized cost: 2013, $48,620,014; 2012, $48,858,082, including $164,803 and $319,258  at fair value under the fair value option at December 31, 2013 and 2012, respectively)	$	49,729,105		$	53,164,638
Trading securities, at fair value		541,228			412,813
Commercial mortgage loans, net of allowance		6,080,080			5,758,997
Policy loans (includes $3,131,161 and $2,994,756 at fair value under the fair value option at December 31, 2013 and 2012, respectively)		4,477,040			4,374,211
Derivative instruments		1,267,974			2,512,658
Other invested assets		1,470,800			1,368,710
Total investments		63,566,227			67,592,027
Cash and cash equivalents		986,383			1,150,420
Accrued investment income		682,149			678,442
Deferred acquisition costs		6,212,220			4,822,587
Reinsurance recoverable		10,046,745			9,876,908
Income taxes receivable		132,996			226,465
Deferred income taxes, net		110,393			-
Other assets		2,059,280			919,229
Separate account assets		108,787,279			80,134,446
Total assets	$	192,583,672		$	165,400,524
Liabilities and Equity
Liabilities
Reserves for future policy benefits and claims payable	$	17,148,050		$	17,978,248
Other contract holder funds		53,473,073			52,827,628
Funds held under reinsurance treaties, at fair value under fair value option		3,396,987			3,285,118
Debt		284,489			292,274
Securities lending payable		95,754			153,747
Deferred income taxes, net		-			491,570
Derivative instruments		852,953			1,048,459
Other liabilities		2,506,665			1,862,837
Separate account liabilities		108,787,279			80,134,446
Total liabilities		186,545,250			158,074,327
Equity
Common stock, $1.15 par value; authorized 50,000 shares; issued and outstanding 12,000 shares		13,800			13,800
Additional paid-in capital		3,801,965			3,766,912
Shares held in trust		(22,752	)		(25,065	)
Equity compensation reserve		18,448			12,943
Accumulated other comprehensive income, net of tax (benefit) expense of $(113,674) in 2013 and $737,463 in 2012		526,947			2,107,631
Retained earnings		1,657,406			1,409,244
Total stockholder’s equity		5,995,814			7,285,465
Noncontrolling interests		42,608			40,732
Total equity		6,038,422			7,326,197
Total liabilities and equity	$	192,583,672		$	165,400,524

See accompanying Notes to Consolidated Financial Statements.

2

Jackson National Life Insurance Company and Subsidiaries

Consolidated Income Statements

(In thousands)

	Years Ended December 31,
	2013			2012			2011
Revenues
Fee income	$	3,801,275		$	2,787,122		$	2,108,159
Premium		286,771			176,270			139,810
Net investment income		3,144,646			2,780,562			2,644,586
Net realized losses on investments:
Total other-than-temporary impairments		(49,930	)		(172,730	)		(305,805	)
Portion of other-than-temporary impairments included in other comprehensive income		29,146			85,876			218,710
Net other-than-temporary impairments		(20,784	)		(86,854	)		(87,095	)
Other net investment losses		(1,969,669	)		(630,252	)		(673,010	)
Total net realized losses on investments		(1,990,453	)		(717,106	)		(760,105	)
Other income		154,714			80,056			52,350
Total revenues		5,396,953			5,106,904			4,184,800
Benefits and Expenses
Death, other policy benefits and change in policy reserves, net of deferrals		1,026,392			614,214			585,296
Interest credited on other contract holder funds, net of deferrals		1,636,071			1,460,021			1,384,909
Interest expense		42,036			44,561			42,881
Operating costs and other expenses, net of deferrals		1,480,719			1,251,244			1,005,947
Amortization of deferred acquisition and sales inducement costs		284,618			443,676			375,963
Total benefits and expenses		4,469,836			3,813,716			3,394,996
Pretax income		927,117			1,293,188			789,804
Income tax expense		166,997			355,433			212,072
Net Income		760,120			937,755			577,732
Less:  Net income (loss) attributable to noncontrolling interests		4,958			(1,736	)		4,446
Net income attributable to Jackson	$	755,162		$	939,491		$	573,286

See accompanying Notes to Consolidated Financial Statements.

3

Jackson National Life Insurance Company and Subsidiaries
Consolidated Statements of Comprehensive Income
(In thousands)

	Years Ended December 31,
	2013			2012			2011
Net income	$	760,120		$	937,755		$	577,732
Other comprehensive income, net of tax:
Net unrealized (losses) gains on securities not other-than-temporarily impaired (net of tax (benefit) expense of: 2013 $(807,429); 2012 $403,751; 2011 $393,574)		(1,487,770	)		764,562			701,875
Net unrealized losses on other-than-temporarily impaired securities (net of tax benefit of: 2013 $7,984; 2012 $25,563; 2011 $67,448)		(14,826	)		(47,474	)		(125,261	)
Reclassification adjustment for losses included in net income (net of tax benefit of: 2013 $43,708; 2012 $27,836; 2011 $32,447)		(81,170	)		(51,696	)		(60,260	)
Total other comprehensive income		(1,583,766	)		665,392			516,354
Comprehensive (loss) income		(823,646	)		1,603,147			1,094,086
Less: Comprehensive income (loss) attributable to noncontrolling interests		1,876			13,003			(24,603	)
Comprehensive (loss) income attributable to Jackson	$	(825,522	)	$	1,590,144		$	1,118,689

See accompanying Notes to Consolidated Financial Statements.

4

Jackson National Life Insurance Company and Subsidiaries
Consolidated Statements of Equity
(In thousands)

											Accumulated
			Additional					Equity			Other						Total			Non-
	Common		Paid-In		Shares Held			Compensation			Comprehensive			Retained			Stockholder’s			Controlling			Total
	Stock		Capital		In Trust			Reserve			Income			Earnings			Equity			Interests			Equity
Balances as of December 31, 2010	$	13,800	$	3,711,500	$	(8,188	)	$	2,838		$	911,575		$	826,467		$	5,457,992		$	52,332		$	5,510,324
Net income		-		-		-			-			-			573,286			573,286			4,446			577,732
Change in unrealized investment gains and losses, net of tax		-		-		-			-			545,403			-			545,403			(29,049	)		516,354
Capital contribution		-		19,401		-			-			-			-			19,401			-			19,401
Dividends to stockholder		-		-		-			-			-			(530,000	)		(530,000	)		-			(530,000	)
Shares acquired at cost		-		-		(17,948	)		-			-			-			(17,948	)		-			(17,948	)
Shares distributed at cost		-		-		9,357			-			-			-			9,357			-			9,357
Reserve for equity compensation plans		-		-		-			7,515			-			-			7,515			-			7,515
Fair value of shares issued under equity compensation plans		-		-		-			(2,386	)		-			-			(2,386	)		-			(2,386	)
Balances as of December 31, 2011		13,800		3,730,901		(16,779	)		7,967			1,456,978			869,753			6,062,620			27,729			6,090,349
Net income		-		-		-			-			-			939,491			939,491			(1,736	)		937,755
Change in unrealized investment gains and losses, net of tax		-		-		-			-			650,653			-			650,653			14,739			665,392
Capital contribution		-		36,011		-			-			-			-			36,011			-			36,011
Dividends to stockholder		-		-		-			-			-			(400,000	)		(400,000	)		-			(400,000	)
Shares acquired at cost		-		-		(25,220	)		-			-			-			(25,220	)		-			(25,220	)
Shares distributed at cost		-		-		16,934			-			-			-			16,934			-			16,934
Reserve for equity compensation plans		-		-		-			17,107			-			-			17,107			-			17,107
Fair value of shares issued under equity compensation plans		-		-		-			(12,131	)		-			-			(12,131	)		-			(12,131	)
Balances as of December 31, 2012		13,800		3,766,912		(25,065	)		12,943			2,107,631			1,409,244			7,285,465			40,732			7,326,197
Net income		-		-		-			-			-			755,162			755,162			4,958			760,120
Change in unrealized investment gains and losses, net of tax		-		-		-			-			(1,580,684	)		-			(1,580,684	)		(3,082	)		(1,583,766	)
Capital contribution		-		35,053		-			-			-			-			35,053			-			35,053
Dividends to stockholder		-		-		-			-			-			(507,000	)		(507,000	)		-			(507,000	)
Shares acquired at cost		-		-		(21,208	)		-			-			-			(21,208	)		-			(21,208	)
Shares distributed at cost		-		-		23,521			-			-			-			23,521			-			23,521
Reserve for equity compensation plans		-		-		-			13,129			-			-			13,129			-			13,129
Fair value of shares issued under equity compensation plans		-		-		-			(7,624	)		-			-			(7,624	)		-			(7,624	)
Balances as of December 31, 2013	$	13,800	$	3,801,965	$	(22,752	)	$	18,448		$	526,947		$	1,657,406		$	5,995,814		$	42,608		$	6,038,422

See accompanying Notes to Consolidated Financial Statements.

5

Jackson National Life Insurance Company and Subsidiaries
Consolidated Statements of Cash Flows
(In thousands)

	Years Ended December 31,
	2013			2012			2011
Cash flows from operating activities:
Net income	$	760,120		$	937,755		$	577,732
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized gains on investments		(81,145	)		(28,487	)		(113,933	)
Net losses on derivatives		1,865,137			585,288			809,328
Interest credited on other contract holder funds, gross		1,650,459			1,473,482			1,396,036
Mortality, expense and surrender charges		(743,799	)		(462,531	)		(343,983	)
Amortization of discount and premium on investments		49,408			39,699			5,428
Deferred income tax expense		277,078			53,323			153,591
Share-based compensation		39,947			32,946			11,802
Change in:
Accrued investment income		(3,707	)		(10,276	)		(22,423	)
Deferred sales inducements and acquisition costs		(848,133	)		(832,841	)		(810,412	)
Trading portfolio activity, net		(128,415	)		(88,260	)		151,494
Income taxes receivable (payable)		86,261			25,030			(130,920	)
Other assets and liabilities, net		85,812			245,722			(495,938	)
Net cash provided by operating activities		3,009,023			1,970,850			1,187,802
Cash flows from investing activities:
Sales, maturities and repayments of:
Fixed maturities		5,798,733			6,507,615			8,981,098
Commercial mortgage loans		1,339,273			918,780			1,323,959
Purchases of:
Fixed maturities		(5,543,494	)		(5,294,561	)		(8,202,646	)
Commercial mortgage loans		(1,654,026	)		(1,137,725	)		(1,185,257	)
Purchase of REALIC, net of cash acquired		(17,696	)		(354,172	)		-
Other investing activities		(2,489,841	)		(1,413,375	)		(514,011	)
Net cash (used in) provided by investing activities		(2,567,051	)		(773,438	)		403,143
Cash flows from financing activities:
Policyholders’ account balances:
Deposits		25,196,030			23,226,461			20,374,771
Withdrawals		(11,810,633	)		(9,101,692	)		(8,846,295	)
Net transfers to separate accounts		(14,094,490	)		(14,164,019	)		(12,256,282	)
Net proceeds from (payments on) repurchase agreements		415,271			(100,709	)		(451,678	)
Net proceeds from (payments on) Federal Home Loan Bank notes		200,000			(150,000	)		150,000
Net payments on debt		(7,500	)		(5,000	)		(40,870	)
Shares held in trust at cost, net		2,313			(8,286	)		(8,591	)
Payment of cash dividends to Parent		(507,000	)		(400,000	)		(530,000	)
Net cash used in financing activities		(606,009	)		(703,245	)		(1,608,945	)
Net (decrease) increase in cash and cash equivalents		(164,037	)		494,167			(18,000	)
Cash and cash equivalents, beginning of year		1,150,420			656,253			674,253
Total cash and cash equivalents, end of year	$	986,383		$	1,150,420		$	656,253
Supplemental Cash Flow Information
Income tax (received) paid	$	(241,921	)	$	241,201		$	170,022
Interest paid	$	21,900		$	22,011		$	22,356

See accompanying Notes to Consolidated Financial Statements.

6

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

1.     Business and Basis of Presentation

Jackson National Life Insurance Company (the “Company” or “Jackson”) is wholly owned by Brooke Life Insurance Company (“Brooke Life” or the “Parent”), which is ultimately a wholly owned subsidiary of Prudential plc (“Prudential”), London, England.  Jackson, together with its New York life insurance subsidiary, is licensed to sell group and individual annuity products (including immediate, index linked and deferred fixed annuities and variable annuities), guaranteed investment contracts (“GICs”) and individual life insurance products, including variable universal life, in all 50 states and the District of Columbia.

The consolidated financial statements include accounts, after the elimination of intercompany accounts and transactions, of the following:

●    Life insurers: Jackson and its wholly owned subsidiaries Jackson National Life Insurance Company of New York, Squire Reassurance Company LLC (“Squire Re”), VFL International Life Company SPC, LTD and Jackson National Life (Bermuda) LTD;

●    Wholly owned broker-dealer, investment management and investment advisor subsidiaries: Jackson National Life Distributors, LLC, Jackson National Asset Management, LLC, Curian Clearing, LLC and Curian Capital, LLC;

●    PGDS (US One) LLC (“PGDS”), a wholly owned subsidiary that provides information technology services to Jackson and certain affiliates;

●    Hermitage Management, LLC, a wholly owned subsidiary that holds and manages certain real estate related investments;

●    Other insignificant wholly owned subsidiaries; and

●    Other partnerships, limited liability companies and variable interest entities (“VIEs”) in which Jackson has a controlling interest or is deemed the primary beneficiary.

Acquisition

On September 4, 2012, the Company acquired 100% of the equity of SRLC America Holding Corp. (“SRLC”) from Swiss Re Life Capital Ltd (“Swiss Re”) for a preliminary purchase price of $663.3 million, which was reduced by a $73.9 million current net operating loss carryback income tax recoverable, resulting in an initial cash payment of $589.4 million at the time of sale.  Subsequent adjustments through December 31, 2012 reduced the preliminary purchase price from $663.3 million to $587.3 million, which was subject to final agreement with Swiss Re.  In 2013, after finalizing the opening balance sheet and the resolution of purchase price discussions with Swiss Re, the final purchase price was settled at $605.1 million.  See Note 3 for additional information regarding the acquisition.

SRLC’s primary subsidiary was Reassure America Life Insurance Company (“REALIC”), which was merged into Jackson as of December 31, 2012.  REALIC’s primary business activity involved the acquisition of blocks of life insurance, including corporate owned life insurance, disability income and/or annuity contracts in force.  In addition to REALIC, SRLC had other insignificant subsidiaries.  Subsequent to the purchase, SRLC was dissolved and its subsidiaries became direct subsidiaries of Jackson.

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).  Intercompany accounts and transactions have been eliminated upon consolidation.   Certain amounts in the 2012 and 2011 consolidated financial statements and notes to the consolidated financial statements have been reclassified to conform to the 2013 presentation.

The preparation of the consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions about future events that affect the amounts reported in the financial statements and the accompanying notes.  Significant estimates or assumptions, as further discussed in the notes, include: 1) valuation of investments and derivative instruments, including fair values of securities deemed to be in an illiquid market and the determination of when an impairment is other-than-temporary; 2) assessments as to whether certain entities are variable interest entities, the existence of reconsideration events and the determination of which party, if any, should consolidate the entity; 3) assumptions impacting future gross profits, including lapse and mortality rates, expenses, investment returns and policy crediting rates, used in the calculation of amortization of deferred acquisition costs and deferred sales inducements; 4) assumptions used in calculating policy reserves and liabilities, including lapse and mortality rates, expenses and investment returns; 5) assumptions as to future earnings levels being sufficient to realize

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Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

deferred tax benefits; 6) estimates related to establishment of loan loss reserves, allowances on receivables, liabilities for lawsuits and state guaranty fund assessments; 7) assumptions and estimates associated with the Company’s tax positions which impact the amount of recognized tax benefits recorded by the Company; 8) value of guarantee obligations; and 9) value of business acquired, its recoverability and amortization.  These estimates and assumptions are based on management’s best estimates and judgments.  Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors deemed appropriate.  As facts and circumstances dictate, these estimates and assumptions may be adjusted.  Since future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates.  Changes in estimates, including those resulting from continuing changes in the economic environment, will be reflected in the financial statements in the periods the estimates are changed.

2. Summary of Significant Accounting Policies

Changes in Accounting Principles – Adopted in Current Year

In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-10, “Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes,” which permits the Fed Funds Effective Swap Rate to be used as a benchmark interest rate for hedge accounting purposes under the FASB Accounting Standards Codification in addition to interest rates on direct Treasury obligations of the U.S. government and the London Interbank Offered Rate (“LIBOR”) swap rate.  Effective January 1, 2013, the Company adopted ASU No. 2013-10, with no impact on the Company’s consolidated financial statements.

In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,” which requires enhanced reporting of amounts reclassified out of accumulated other comprehensive income by component of such amounts either on the face of the financial statements or in the notes to the financial statements.  This information is required to be applied prospectively.  Effective January 1, 2013, the Company adopted ASU No. 2013-02 and has included the required disclosures in Note 20, with no impact on the Company’s consolidated financial statements.

In December 2011, the FASB issued ASU No. 2011-11, “Balance Sheet: Disclosures about Offsetting Assets and Liabilities,” which requires an entity to disclose information about offsetting and related arrangements, and in January 2013, the FASB issued ASU No. 2013-01, “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities,” which clarifies the definition of a master netting arrangement and the intended scope of ASU No. 2011-11.  Effective January 1, 2013, the Company adopted ASU No. 2011-11, after considering the scope clarification in ASU No. 2013-01, and has included the required disclosures in Note 5, with no significant impact on the Company’s consolidated financial statements.

Changes in Accounting Principles – Issued but Not Yet Adopted

In July 2013, the FASB issued ASU No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists,” in order to explicitly define the financial statement presentation requirements in GAAP.  ASU No. 2013-11 provides that unrecognized tax benefits should be presented as a reduction of a deferred tax asset for a net operating loss or other tax credit carryforward when settlement in this manner is available under the tax law.  ASU No. 2013-11 is effective for periods beginning after December 15, 2013 and is not expected to have a material impact on the Company’s consolidated financial statements.

In June 2013, the FASB issued ASU No. 2013-08, “Financial Services – Investment Companies – Amendments to the Scope, Measurement, and Disclosure Requirements,” which amends the criteria a company must meet to qualify as an investment company and provides comprehensive accounting guidance for assessing whether an entity is an investment company.  ASU No. 2013-08 requires an assessment of all the characteristics of an investment company through the use of a new two-tiered approach, which considers the entity’s purpose and design to determine whether it is an investment company. If an entity is no longer classified as an investment company, it must discontinue the application of investment company accounting guidance and present the change in status through a cumulative effect adjustment to the beginning balance of retained earnings in the period of adoption.  If an entity becomes classified as an investment company, the standard should be applied prospectively with the effect of adoption recognized as an adjustment to opening net assets for the period of adoption.  ASU No. 2013-08 is effective for periods beginning after

8

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

December 15, 2013 and is not expected to have a material impact on the Company’s consolidated financial statements.

Comprehensive Income

Comprehensive income includes all changes in stockholder’s equity (except those arising from transactions with owners/stockholders) and, in the Company’s case, includes net income and net unrealized gains or losses on available for sale securities.

Investments

Fixed maturities consist primarily of bonds, notes, and asset-backed securities.  Acquisition discounts and premiums on fixed maturities are amortized into investment income through call or maturity dates using the effective interest method.  Discounts and premiums on asset-backed securities are amortized over the estimated redemption period.  Certain asset-backed securities are considered to be other than high quality or otherwise deemed to be high-risk, meaning the Company might not recover substantially all of its recorded investment due to unanticipated prepayment events.  For these securities, changes in investment yields due to changes in estimated future cash flows are accounted for on a prospective basis.  The carrying value of such securities was $826.3 million and $878.0 million as of December 31, 2013 and 2012, respectively.

Fixed maturities are generally classified as available for sale and are carried at fair value.  For declines in fair value considered to be other-than-temporary, an impairment charge reflecting the difference between the amortized cost basis and fair value is included in net realized losses on investments.  If management believes the Company does not intend to sell the security and is not more likely than not to be required to sell the security prior to recovery of its amortized cost basis, an amount representing the non-credit related portion of a loss is reclassified out of net realized losses on investments and into other comprehensive income.  In determining whether an other-than-temporary impairment has occurred, and in calculating the non-credit related component of the total impairment loss, the Company considers a number of factors, which are further described in Note 4.

At December 31, 2013 and 2012, all equity holdings were classified as trading.  Trading securities are carried at fair value with changes in value included in net investment income.

Commercial mortgage loans are carried at the aggregate unpaid principal balance, adjusted for any applicable unamortized discount or premium, impairments or allowance for loan losses.

On a periodic basis, the Company assesses the commercial mortgage loan portfolio for the need for an allowance for loan losses.  In determining its allowance for loan losses, the Company evaluates each loan to determine if it is probable that amounts due according to the contractual terms of the loan agreement will not be collected.  The allowance includes loan specific reserves for loans that are determined to be non-performing as a result of this loan review process and a portfolio reserve for probable incurred but not specifically identified losses for performing loans.  The loan specific portion of the loss allowance is based on the Company’s assessment as to ultimate collectability of loan principal and interest, or other value expected in lieu of loan principal and interest.  This review contemplates a variety of factors which may include, but are not limited to, current economic conditions, the physical condition of the property, the financial condition of the borrower, and the near and long-term prospects for change in these conditions.  In determining the portfolio reserve for incurred but not specifically identified losses, Jackson considers the current credit composition of the portfolio based on the results of its loan modeling analysis, which considers property type, default statistics, historical losses and other relevant factors to determine probability of default and other default loss estimates.  Model assumptions are updated each quarter and, based upon actual loan experience, are considered together with other relevant qualitative factors in making the final portfolio reserve calculations.  The valuation allowance for commercial mortgage loans can increase or decrease from period to period based on these factors.  Changes in the allowance for loan losses are recorded in investment income.

Separately, the Company also reviews individual loans in the portfolio for impairment based on an assessment of the factors identified above.  Impairment charges recognized are recorded initially against the established loan loss allowance and, if necessary, any additional amounts are recorded as realized losses.  As deemed necessary based on cash flow expectations and other factors, Jackson may place loans on non-accrual status.  In this case, all cash received is applied against the carrying value of the loan.

9

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Policy loans are loans the Company issues to contract holders that use the cash surrender value of their life insurance policy or annuity contract as collateral.  In connection with the acquisition of REALIC, the Company elected the fair value option upon acquisition of policy loans held as collateral for reinsurance, further described below.  At December 31, 2013 and 2012, $3.1 billion and $3.0 billion of these loans were carried at fair value, respectively, which the Company believes is equal to the unpaid principal balances plus accrued investment income.  At December 31, 2013 and 2012, the Company had $1.3 billion and $1.4 billion of policy loans not held as collateral for reinsurance, respectively, which were carried at the unpaid principal balances.

Other invested assets primarily include investments in limited partnerships and real estate.  Carrying values for limited partnership investments are determined by using the proportion of Jackson’s investment in each fund (Net Asset Value (“NAV”) equivalent) as a practical expedient for fair value.

Real estate is carried at the lower of depreciated cost or fair value.

The Company holds interests in VIEs that represent primary beneficial interests.  These consolidated VIEs are comprised of entities structured to hold and manage investments.

Realized gains and losses on sales of investments are recognized in income at the date of sale and are determined using the specific cost identification method.

In connection with the acquisition of REALIC, the Company elected the fair value option for certain assets which are held as collateral for reinsurance, as further described below.  Accordingly, the Company established a funds held liability, for which the Company also elected the fair value option.  The value of the funds held liability is equal to the fair value of the assets held as collateral.  The income and any changes in unrealized gains and losses on these assets and the corresponding funds held liability are included in net investment income and have no impact on the Company’s consolidated income statements.

The changes in unrealized gains and losses on certain investments which are classified as available for sale and the non-credit related portion of other-than-temporary impairment charges are excluded from net income and included as a component of other comprehensive income and total equity, net of tax and the effect of the adjustment for deferred acquisition costs and deferred sales inducements.  The changes in unrealized gains and losses on investments for which Jackson elected the fair value option are included in net investment income.

Derivative Instruments and Embedded Derivatives

The Company enters into financial derivative transactions, including, but not limited to, swaps, put-swaptions, futures and options to reduce and manage business risks.  These transactions manage the risk of a change in the value, yield, price, cash flows, credit quality or degree of exposure with respect to assets, liabilities or future cash flows which the Company has acquired or incurred.  The Company manages the potential credit exposure for over-the-counter derivative contracts through careful evaluation of the counterparty credit standing, collateral agreements, and master netting agreements.  The Company is exposed to credit-related losses in the event of nonperformance by counterparties, however, it does not anticipate nonperformance.  There were no charges due to nonperformance by derivative counterparties in 2013, 2012, or 2011.

The Company generally uses freestanding derivative instruments for hedging purposes.  Additionally, certain liabilities, primarily trust instruments supported by funding agreements, index linked annuities and guarantees offered in connection with variable annuities issued by the Company, contain embedded derivative instruments.  Further details regarding Jackson’s derivative positions are included in Note 5.  The Company generally does not account for freestanding derivatives as either fair value or cash flow hedges as might be permitted if specific hedging documentation requirements were followed.  Financial derivatives, including derivatives embedded in certain host liabilities that have been separated for accounting and financial reporting purposes, are carried at fair value.  The results from freestanding derivative instruments and embedded derivatives, including net payments, realized gains and losses and changes in value, are reported in net income, as further detailed in Note 5.

Cash and Cash Equivalents

Cash and cash equivalents primarily include money market instruments and bank deposits.

10

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Fair Value Measurement

Fair value measurements are based upon observable and unobservable inputs.  Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s view of market assumptions in the absence of observable market information.  The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.  All financial assets and liabilities measured at fair value are required to be classified into one of the following categories:

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 and derivative instruments.

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.  Also included are freestanding and embedded derivative instruments that are priced using models with observable market inputs.

Level 3 Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk).  Limited partnership interests and those 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.

In many situations, inputs used to measure the fair value of an asset or liability may fall into different levels of the fair value hierarchy.  In these situations, the Company determines the level in which the fair value falls based upon the lowest level input that is significant to the determination of the fair value.  As a result, both observable and unobservable inputs may be used in the determination of fair values that the Company has classified within Level 3.

The Company determines the fair values of certain financial assets and liabilities based on quoted market prices, where available.  The Company may also determine fair value based on estimated future cash flows discounted at the appropriate current market rate.  When appropriate, fair values reflect adjustments for counterparty credit quality, the Company’s credit standing, liquidity and risk margins on unobservable inputs.

Where quoted market prices are not available, fair value estimates are made at a point in time, based on relevant market data, as well as the best information about the individual financial instrument.  At times, illiquid market conditions may result in inactive markets for certain of the Company’s financial instruments.  In such instances, there may be no or limited observable market data for these assets and liabilities.  Fair value estimates for financial instruments deemed to be in an illiquid market are based on judgments regarding current economic conditions, liquidity discounts, currency, credit and interest rate risks, loss experience and other factors.  These fair values are estimates and involve considerable uncertainty and variability as a result of the inputs selected and may differ materially from the values that would have been used had an active market existed.  As a result of market inactivity, such calculated fair value estimates may not be realizable in an immediate sale or settlement of the instrument.  In addition, changes in the underlying assumptions used in the fair value measurement technique could significantly affect these fair value estimates.

Refer to Note 6 for further discussion of the methodologies used to determine fair values of the Company’s financial instruments.

Deferred Acquisition Costs

Under current accounting guidance, certain costs that are directly related to the successful acquisition of new or renewal insurance business can be capitalized as deferred acquisition costs.  These costs primarily pertain to commissions and certain costs associated with policy issuance and underwriting.  All other acquisition costs are expensed as incurred.

Deferred acquisition costs are increased by interest thereon and amortized into income in proportion to anticipated premium revenues for traditional life policies and in proportion to estimated gross profits, including realized gains

11

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

and losses and derivative movements, for annuities and interest-sensitive life products.  Due to volatility of certain factors that affect gross profits, including realized capital gains and losses and derivative movements, amortization may be a benefit or a charge in any given period.  In the event of negative amortization, the related deferred acquisition cost balance is capped at the initial amount capitalized, plus interest.  Unamortized deferred acquisition costs are written off when a contract is internally replaced and substantially changed.

As certain fixed maturities available for sale are carried at fair value, an adjustment is made to deferred acquisition costs equal to the change in amortization that would have occurred if such securities had been sold at their stated fair value and the proceeds reinvested at current yields.  This adjustment, along with the change in net unrealized gains (losses) on fixed maturities available for sale, net of applicable tax, is credited or charged directly to equity as a component of other comprehensive income.  Deferred acquisition costs decreased by $591.0 million and $1,244.9 million at December 31, 2013 and 2012, respectively, to reflect this adjustment.

For variable annuity business, the Company employs a mean reversion methodology that is applied with the objective of adjusting the amortization of deferred acquisition costs that would otherwise be highly volatile due to fluctuations in the level of future gross profits arising from changes in equity market levels.  The mean reversion methodology achieves this objective by applying a dynamic adjustment to the assumption for short-term future investment returns.  Under this methodology, the projected returns for the next five years are set such that, when combined with the actual returns for the current and preceding two years, the average rate of return over the eight-year period is 7.4% and 8.4% for 2013 and 2012, respectively, after investment management fees.  The mean reversion methodology does, however, include a cap and a floor of 15% and 0% per annum, respectively, on the projected return for each of the next five years.  At December 31, 2013 and 2012, projected returns after the next five years were set at 7.4% and 8.4%, respectively.  At December 31, 2013 and 2012, projected returns under mean reversion were below the 15% cap.

Deferred acquisition costs are reviewed periodically to ensure that the unamortized portion does not exceed the expected recoverable amounts.  Any amount deemed unrecoverable is written off with a charge through deferred acquisition costs amortization.  No such write-offs were required for 2013, 2012, and 2011.

Deferred Sales Inducements

Under current accounting guidance, certain sales inducement costs that are directly related to the successful acquisition of new or renewal insurance business can be capitalized as deferred sales inducement costs.  Bonus interest on deferred fixed annuities and contract enhancements on index linked annuities and variable annuities are capitalized as deferred sales inducements and included in other assets.  Deferred sales inducements are increased by interest thereon and amortized into income in proportion to estimated gross profits, including realized capital gains and losses and derivative movements.  Due to volatility of certain factors that affect gross profits, including realized capital gains and losses and derivative movements, amortization may be a benefit or a charge in any given period.  In the event of negative amortization, the related deferred sales inducements balance is capped at the initial amount capitalized, plus interest.  Unamortized deferred sales inducements are written off when a contract is internally replaced and substantially changed.

As certain fixed maturities available for sale are carried at fair value, an adjustment is made to deferred sales inducements equal to the change in amortization that would have occurred if such securities had been sold at their stated fair value and the proceeds reinvested at current yields.  This adjustment, along with the change in net unrealized gains (losses) on fixed maturities available for sale, net of applicable tax, is credited or charged directly to equity as a component of other comprehensive income.  Deferred sales inducements decreased by $104.8 million and $216.5 million at December 31, 2013 and 2012, respectively, to reflect this adjustment.

For variable annuity business, the Company employs the same mean reversion methodology as is employed for deferred acquisition costs as described above.

Deferred sales inducements are reviewed periodically to ensure that the unamortized portion does not exceed the expected recoverable amounts.  Any amount deemed unrecoverable is written off with a charge through deferred sales inducements amortization.  No such write-offs were required for 2013, 2012, and 2011.

12

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Actuarial Assumption Changes (Unlocking)

Annually, or as circumstances warrant, the Company conducts a comprehensive review of the assumptions used for its estimates of future gross profits underlying the amortization of deferred acquisition costs and deferred sales inducements, as well as the valuation of the embedded derivatives and reserves for life insurance and annuity products with living benefit and death benefit guarantees.  These assumptions include investment margins, fund allocation, mortality, persistency, rider utilization and policy maintenance expenses.  Based on this review, the cumulative balances of deferred acquisition costs, deferred sales inducements and life and annuity reserves are adjusted with a corresponding benefit or charge to net income.   

Reinsurance and Funds Held Under Reinsurance Treaties

The Company enters into assumed and ceded reinsurance agreements with other companies in the normal course of business.  Ceded reinsurance agreements are reported on a gross basis on the Company’s consolidated balance sheets as an asset for amounts recoverable from reinsurers or as a component of other assets or liabilities for amounts, such as premiums, owed to or due from reinsurers.  Reinsurance assumed and ceded premiums and benefits paid or provided are accounted for on bases consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts.  Premium income and benefit expenses are reported net of reinsurance assumed and ceded.

In connection with and prior to the previously mentioned acquisition, REALIC entered into three retrocession reinsurance agreements (“retro treaties”) with Swiss Reinsurance Company Ltd. (“SRZ”).  Pursuant to these retro treaties, the Company ceded on a 100% coinsurance basis to SRZ and SRZ assumed certain blocks of business written or reinsured by REALIC.

As a result of these retro treaties, the Company holds certain assets, primarily in the form of policy loans and fixed maturities, as collateral for the reinsurance recoverable.  Investment income and capital gains or losses earned on assets held as collateral are paid by the Company to SRZ pursuant to the terms of the treaties.  Investment income and capital gains and losses are reported net of investment income and capital gains and losses on funds held under reinsurance treaties, with no net impact on the Company’s consolidated income statement.

The income credited to SRZ on the funds held for the retro treaties is based on the income earned on those assets, which results in an embedded derivative (total return swap).  However, at acquisition, the Company elected the fair value option for the funds held liability, which is carried at fair value with changes in fair value reported in net investment income.  Accordingly, the embedded derivative is not bifurcated or separately valued.

Value of Business Acquired

As a result of the acquisition of SRLC in 2012, which is further described in Note 3, the Company recorded an intangible asset representing the value of business acquired (“VOBA”), which is included in other assets.  In connection with the acquisition of insurance policies and investment contracts, a portion of the purchase price is assigned to the right to receive future gross profits from the acquired insurance policies and investment contracts.  This intangible asset, or VOBA, represents the actuarially estimated present value of future cash flows from the acquired policies.  The Company has established a VOBA intangible asset for the acquired traditional life insurance products and deferred annuity contracts, as a result of the acquisition of SRLC.  This intangible asset will be amortized over the life of the business, which approximates 20 years.  The unamortized VOBA balance is subject to recoverability testing at the end of each reporting period to ensure that the balance does not exceed the present value of anticipated gross profits.

Income Taxes

The Company files income tax returns with the U.S. federal government and various state and local jurisdictions, as well as certain foreign jurisdictions.

Jackson files a consolidated federal income tax return with Brooke Life and Jackson National Life Insurance Company of New York.  Subsequent to the liquidation of SRLC on September 5, 2012, REALIC also joined the consolidated tax return through the date of its merger into the Company on December 31, 2012.  Jackson National Life (Bermuda) LTD and VFL International Life Company SPC, LTD are taxed as controlled foreign corporations of Jackson.  All other subsidiaries are limited liability companies with all of their interests owned by Jackson.  Accordingly, they are not considered separate entities for income tax purposes and, therefore, are taxed as part of the

13

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

operations of Jackson.  Income tax expense is the lesser of the amount calculated on a separate company basis or Jackson’s pro-rata share of the actual liability as determined under the consolidated return taking into account only Jackson and Brooke Life.

Deferred federal income taxes arise from the recognition of temporary differences between the basis of assets and liabilities determined for financial reporting purposes and the basis determined for income tax purposes.  Such temporary differences are principally related to the effects of recording certain invested assets at market value, the deferral of acquisition costs and sales inducements and the provisions for future policy benefits and expenses.  Deferred tax assets and liabilities are measured using the tax rates expected to be in effect when such benefits are realized.  Jackson is required to test the value of deferred tax assets for realizability.  Deferred tax assets are reduced by a valuation allowance if, based on the weight of available positive and negative evidence, it is more likely than not that some portion, or all, of the deferred tax assets will not be realized.  In determining the need for a valuation allowance, the Company considers the carryback eligibility of losses, reversal of existing temporary differences, estimated future taxable income and tax planning strategies.

The determination of the valuation allowance for Jackson’s deferred tax assets requires management to make certain judgments and assumptions regarding future operations that are based on historical experience and expectations of future performance.  In order to recognize a tax benefit in the consolidated financial statements, there must be a greater than fifty percent chance of success of the Company’s position being sustained by the relevant taxing authority with regard to that tax position.  Management’s judgments are potentially subject to change given the inherent uncertainty in predicting future performance, which is impacted by such factors as policyholder behavior, competitor pricing and other specific industry and market conditions.

The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits as a component of tax expense.

Reserves for Future Policy Benefits and Claims Payable and Other Contract Holder Funds

For traditional life insurance contracts, which include term and whole life, reserves for future policy benefits are determined using the net level premium method and assumptions as of the issue date or acquisition date as to mortality, interest, persistency and expenses plus provisions for adverse deviations.  These assumptions are not unlocked unless the reserve is determined to be deficient.  Mortality assumptions range from 25% to 175% of the 1975-1980 Basic Select and Ultimate tables depending on policy duration.  Interest rate assumptions range from 2.5% to 6.0%.  Lapse and expense assumptions are based on Company experience.  The Company’s liability for future policy benefits also includes net liabilities for guaranteed benefits related to certain nontraditional long-duration life and annuity contracts, which are further discussed in Note 10.

Upon acquisition of REALIC, the Company recorded a fair value adjustment related to certain annuity and interest sensitive liability blocks of business to reflect the cost of the interest guarantees within the inforce liabilities, based on the difference between the guaranteed interest rate and an assumed new money guaranteed interest rate.  This adjustment was recorded in reserves for future policy benefits and claims payable.  This component of the acquired reserves is reassessed at the end of each period, taking into account changes in the inforce block.  Any resulting change in the reserve is recorded as a change in reserve through the consolidated income statement.   

For the Company’s interest-sensitive life contracts, liabilities approximate the policyholder’s account value, plus the remaining balance of the fair value adjustment related to the REALIC acquired business.  For deferred annuities, the liability is the policyholder’s account value, plus the unamortized balance of the fair value adjustment related to the REALIC acquired business.  For the fixed option on variable annuities, guaranteed investment contracts and other investment contracts, the liability is the policyholder’s account value.  The liability for index linked annuities is based on two components, 1) the imputed value of the underlying guaranteed host contract and 2) the fair value of the embedded option component of the contract.

The Company has formed both a special purpose vehicle and a statutory business trust, solely for the purpose of issuing Medium Term Note instruments to institutional investors, the proceeds of which are deposited with the Company and secured by the issuance of funding agreements.

14

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Those Medium Term Note instruments issued in a foreign currency have been economically hedged for changes in exchange rates using cross-currency swaps.  The fair value of derivatives embedded in funding agreements, including unrealized foreign currency gains and losses, are included in the carrying value of the trust instruments supported by funding agreements.

Trust instrument liabilities are adjusted to reflect the effects of foreign currency gains and losses using exchange rates as of the reporting date.  Foreign currency gains and losses are included in other investment losses.

Jackson and Squire Re are members of the Federal Home Loan Bank of Indianapolis (“FHLBI”) primarily for the purpose of participating in the bank’s mortgage-collateralized loan advance program with short-term and long-term funding facilities.  Members are required to purchase and hold a minimum amount of FHLBI capital stock plus additional stock based on outstanding advances.  Advances are in the form of short-term or long-term notes or funding agreements issued to FHLBI.

The Company’s stable value business is comprised of the guaranteed investment contracts, funding agreements and FHLBI funding agreement advances described above.

Contingent Liabilities

The Company is a party to legal actions and, at times, regulatory investigations.  Given the inherent unpredictability of these matters, it is difficult to estimate their impact on the Company’s financial position.  A reserve is established for contingent liabilities if it is probable that a loss has been incurred and the amount is reasonably estimable.  It is possible that an adverse outcome in certain of the Company’s contingent liabilities, or the use of different assumptions in the determination of amounts recorded, could have a material effect upon the Company’s financial position.  However, it is the opinion of management that the ultimate disposition of contingent liabilities will not have a material adverse effect on the Company’s financial position.

Separate Account Assets and Liabilities

The Company maintains separate account assets, which are reported at fair value.  The related liabilities are reported at an amount equivalent to the separate account assets.  At December 31, 2013 and 2012, the assets and liabilities associated with variable life and annuity contracts, aggregated $108.8 billion and $80.1 billion, respectively.  Investment risks associated with market value changes are borne by the contract holders, except to the extent of minimum guarantees made by the Company.  Refer to Note 10 for additional information regarding the Company’s contractual guarantees.  Separate account net investment income, net investment realized and unrealized gains and losses, and the related liability changes are offset within the same line item in the consolidated income statements.  Amounts assessed against the contract holders for mortality, administrative, and other services are reported in revenue as fee income. 

Included in the above mentioned assets and liabilities is a Company issued group variable annuity contract designed for use in connection with and issued to the Company’s Defined Contribution Retirement Plan.  These deposits are allocated to the Jackson National Separate Account – II, which had balances of $290.6 million and $217.8 million at December 31, 2013 and 2012, respectively.  The Company receives administrative fees for managing the funds.  These fees are recorded as earned and included in fee income in the consolidated income statements.

Debt

Liabilities for the Company’s debt are primarily carried at an amount equal to the unpaid principal balance.  Original issuance discount or premium and any debt issue costs, if applicable, are recognized as a component of interest expense over the period the debt is expected to be outstanding.  Refer to Note 11 for further information regarding the Company’s debt. 

Share-Based Compensation

As more fully described in Note 15, the Company has certain share award plans that are either equity settled or liability settled.  For equity settled share award plans, the Company recognizes compensation expense based on a grant-date award fair value as determined using either the Black-Scholes model or the Monte Carlo model, ratably over the requisite service period of each individual grant, which generally equals the vesting period.  For the liability settled share award plans, the associated compensation expense is recognized based on the change in fair value of the award at the end of each reporting period due to cash settlement alternatives.

15

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Revenue and Expense Recognition

Premiums for traditional life insurance are reported as revenues when due.  Benefits, claims and expenses are associated with earned revenues in order to recognize profit over the lives of the contracts.  This association is accomplished through provisions for future policy benefits and the deferral and amortization of certain acquisition costs.

Deposits on interest-sensitive life products and investment contracts, principally deferred annuities and guaranteed investment contracts, are treated as policyholder deposits and excluded from revenue.  Revenues consist primarily of investment income and charges assessed against the account value for mortality charges, surrenders, variable annuity benefit guarantees and administrative expenses.  Fee income also includes revenues related to asset management fees and certain service fees.  Surrender benefits are treated as repayments of the policyholder account.  Annuity benefit payments are treated as reductions to the policyholder account.  Death benefits in excess of the policyholder account are recognized as an expense when incurred.  Expenses consist primarily of the interest credited to policyholder deposits.  Underwriting and other direct acquisition expenses are associated with gross profit in order to recognize profit over the life of the business.  This is accomplished through deferral and amortization of acquisition costs and sales inducements.  Expenses not related to policy acquisition are recognized when incurred.

Investment income is not accrued on securities in default and otherwise where the collection is uncertain.  In these cases, receipts of interest on such securities are used to reduce the cost basis of the securities.

Subsequent Events

The Company has evaluated events through March 7, 2014, which is the date the consolidated financial statements were available to be issued.

3.     Acquisition

On September 4, 2012, the Company acquired 100% of the equity in SRLC from Swiss Re for a preliminary purchase price of $663.3 million, which was reduced by a $73.9 million current net operating loss carryback income tax recoverable, resulting in an initial cash payment of $589.4 million at the time of sale. Subsequent adjustments through December 31, 2012, reduced the preliminary purchase price from $663.3 million to $587.3 million, which was subject to final agreement with Swiss Re.  In 2013, after finalizing the opening balance sheet and the resolution of purchase price discussions with Swiss Re, the final purchase price was settled at $605.1 million.

SRLC’s primary subsidiary was REALIC, which was merged into Jackson as of December 31, 2012.  REALIC’s primary business activity involved the acquisition of blocks of life insurance, including corporate owned life insurance, disability income and/or annuity contracts in force.  In addition to REALIC, SRLC had several other insignificant subsidiaries.  Subsequent to the purchase, SRLC was dissolved and its subsidiaries became direct subsidiaries of Jackson.  The results of the above mentioned subsidiaries have been included in these consolidated financial statements since the date of acquisition.

In conjunction with the acquisition, which was accounted for under the purchase method of accounting, the Company recorded a VOBA intangible asset of $8.0 million, for acquired life insurance policies and annuity contracts.  This intangible asset, which was reported in other assets at December 31, 2012, represented the actuarially estimated present value of future cash flows from the acquired policies.  As a result of the Company’s final review and updated information on certain accruals, related expenses and valuation adjustments during the twelve month measurement period following the acquisition close date, the VOBA intangible asset was increased to $48.7 million.  This intangible asset will be amortized over the life of the business, which approximates 20 years.  The unamortized VOBA balance is subject to recoverability throughout each reporting period to ensure that the balance does not exceed the present value of anticipated gross profits.

As a result of these adjustments and the final agreed purchase price, the net amount of assets acquired and liabilities assumed exceeded the final purchase price, with the related income impact of $47.0 million included in other income in 2013.  In accordance with business combination accounting guidance and before recognizing the gain as a bargain purchase, the Company completed a final reassessment of all the assets acquired and all the liabilities assumed.

16

Jackson National Life Insurance Company and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2013 and 2012

Twelve and four months of earnings of the acquired entities are included in the consolidated financial statements of the Company for the years ended December 31, 2013 and 2012, respectively. 

The following table summarizes the fair value of SRLC’s assets acquired and liabilities assumed, as of the September 4, 2012 acquisition date (in thousands):

	As Reported
	at December
		31, 2012
Assets:
Fixed maturities	$	11,401,180
Trading securities, at fair value		8,946
Commercial mortgage loans		18,326
Policy loans (includes $2,951,560 at fair value under the fair value option)		3,483,191
Cash and cash equivalents		233,176
Accrued investment income		91,981
Reinsurance recoverable		8,647,203
Value of business acquired		8,000
Deferred income taxes, net		618,500
Other assets		131,090
Separate account assets		100,870
Total assets		24,742,463
Liabilities:
Reserves for future policy benefits and claims payable and other contract holder funds		20,409,694
Funds held under reinsurance treaties, at fair value under fair value option		3,295,994
Other liabilities		348,557
Separate account liabilities		100,870
Total liabilities		24,155,115
Net assets acquired	$	587,348

The Company obtained valuation of certain of its reserves for the acquired blocks of business from an actuarial consulting firm; however, all estimates, key assumptions, or other valuation methodologies were either provided by or reviewed by the Company.  The fair value analyses and valuation methodologies related to its reserves represent the conclusions of the Company’s management and not the conclusions or statements of any third-party.

As described above, the Company completed its final review of the acquired assets and assumed liabilities during the twelve month measurement period following the acquisition date.  As a result of adjustments made during this review, the final net assets acquired totaled $609.7 million.

The following table presents selected financial information reflecting results since September 4, 2012 of the acquired entities that are included in the Company’s consolidated income statements for the year ended December 31, 2012 (in thousands):

Total revenues	$	355,164
Pretax income		96,480

17

Jackson National Life Insurance Company and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2013 and 2012

The following table reflects the unaudited pro forma results for the Company, giving effect to the acquisition as if it had occurred as of the beginning of each of the periods presented and includes the result of certain non-recurring restructuring transactions effected by SRLC prior to the acquisition (in thousands).

	For the Years Ended December 31,
	2012			2011
Total revenues	$	5,896,740		$	5,371,487
Total expenses		(4,505,032	)		(4,523,526	)
Pretax income		1,391,708			847,961
Income tax expense		389,909			205,328
Net income	$	1,001,799		$	642,633

While the unaudited pro forma results reflect the combined operations of Jackson and the acquired business, they are not necessarily indicative, nor are they intended to be indicative, of the financial position and future operating results of the merged companies.

4. Investments

Investments are comprised primarily of fixed-income securities, primarily publicly traded industrial, utility and government bonds, asset-backed securities and commercial mortgage loans.  Asset-backed securities include mortgage-backed and other structured securities.  The Company generates the majority of its general account deposits from interest-sensitive individual annuity contracts, life insurance products and guaranteed investment contracts on which it has committed to pay a declared rate of interest.  The Company’s strategy of investing in fixed-income securities and loans aims to ensure matching of the asset yield with the amounts credited to the interest-sensitive liabilities and to earn a stable return on its investments.

Fixed Maturities

The following table sets forth the composition of the fair value of fixed maturities at December 31, 2013, classified by rating categories as assigned by nationally recognized statistical rating organizations (“NRSRO”), the National Association of Insurance Commissioners (“NAIC”), or if not rated by such organizations, the Company’s affiliated investment advisor.   At December 31, 2013, the carrying value of investments rated by the Company’s affiliated investment advisor totaled $196.8 million.  For purposes of the table, if not otherwise rated higher by a NRSRO, NAIC Class 1 investments are included in the A rating; Class 2 in BBB; Class 3 in BB and Classes 4 through 6 in B and below.

	Percent of Total
	Fixed Maturities
	Carrying Value
Investment Rating	December 31, 2013
AAA		21.9	%
AA		5.2	%
A		31.0	%
BBB		36.7	%
Investment grade		94.8	%
BB		2.5	%
B and below		2.7	%
Below investment grade		5.2	%
Total fixed maturities		100.0	%

At December 31, 2013, based on ratings by NRSROs, of the total carrying value of fixed maturities in an unrealized loss position, 87% were investment grade, 5% were below investment grade and 8% were not rated.  Unrealized losses on fixed maturities that were below investment grade or not rated were approximately 10% of the aggregate gross unrealized losses on available for sale fixed maturities.

18

Jackson National Life Insurance Company and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2013 and 2012

Corporate securities in an unrealized loss position were diversified across industries.  As of December 31, 2013, the industries accounting for the larger percentage of unrealized losses included energy (6% of fixed maturities gross unrealized losses) and healthcare (5%).  The largest unrealized loss related to a single corporate obligor was $12.3 million at December 31, 2013.

At December 31, 2013 and 2012, the amortized cost, gross unrealized gains and losses, fair value and non-credit other-than-temporary impairment (“OTTI”) of available for sale fixed maturities, including $164.8 million and $319.3 million in securities carried at fair value under the fair value option, were as follows (in thousands):

				Gross		Gross
	Amortized		Unrealized			Unrealized		Fair		Non-credit
December 31, 2013	Cost (1)			Gains		Losses		Value			OTTI (2)
Fixed Maturities
U.S. government securities	$	4,923,547		$	116,113	$	522,827	$	4,516,833		$	-
Other government securities		1,160,904			247		163,165		997,986			(150	)
Public utilities		4,190,566			323,127		61,707		4,451,986			-
Corporate securities		30,876,619			1,732,115		550,449		32,058,285			-
Residential mortgage-backed		2,901,888			61,468		60,532		2,902,824			(17,496	)
Commercial mortgage-backed		3,578,810			293,747		45,670		3,826,887			(4,154	)
Other asset-backed securities		987,680			19,266		32,642		974,304			(3,790	)
Total fixed maturities	$	48,620,014		$	2,546,083	$	1,436,992	$	49,729,105		$	(25,590	)
				Gross		Gross
	Amortized		Unrealized			Unrealized		Fair		Non-credit
December 31, 2012	Cost (1)			Gains		Losses		Value			OTTI (2)
Fixed Maturities
U.S. government securities	$	5,184,095		$	408,142	$	104,555	$	5,487,682		$	-
Other government securities		1,227,727			2,864		11,848		1,218,743			-
Public utilities		4,152,032			559,519		6,732		4,704,819			-
Corporate securities		29,690,303			3,039,115		40,707		32,688,711			-
Residential mortgage-backed		3,812,349			141,072		78,898		3,874,523			(19,544	)
Commercial mortgage-backed		3,800,532			492,460		50,463		4,242,529			(2,859	)
Other asset-backed securities		991,044			24,005		67,418		947,631			(12,768	)
Total fixed maturities	$	48,858,082		$	4,667,177	$	360,621	$	53,164,638		$	(35,171	)

(1) Amortized cost, apart from the carrying value for securities carried at fair value under the fair value option.

(2) Represents the amount of cumulative non-credit OTTI gains (losses) recognized in other comprehensive income on securities for which credit impairments have been recorded.

19

Jackson National Life Insurance Company and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2013 and 2012

The amortized cost, gross unrealized gains and losses, and fair value of fixed maturities at December 31, 2013, by contractual maturity, are shown below (in thousands).  Expected maturities may differ from contractual maturities where securities can be called or prepaid with or without early redemption penalties.

			Gross		Gross
	Amortized (1)		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
Due in 1 year or less	$	1,249,011	$	29,534	$	29	$	1,278,516
Due after 1 year through 5 years		8,368,934		738,995		7,900		9,100,029
Due after 5 years through 10 years		22,383,012		1,142,886		366,518		23,159,380
Due after 10 years through 20 years		3,246,592		142,539		171,144		3,217,987
Due after 20 years		5,904,087		117,648		752,557		5,269,178
Residential mortgage-backed		2,901,888		61,468		60,532		2,902,824
Commercial mortgage-backed		3,578,810		293,747		45,670		3,826,887
Other asset-backed securities		987,680		19,266		32,642		974,304
Total	$	48,620,014	$	2,546,083	$	1,436,992	$	49,729,105

(1)  Amortized cost, apart from the carrying value for securities carried at fair value under the fair value option.

U.S. Treasury securities with a carrying value of $105.4 million and $119.0 million at December 31, 2013 and 2012, respectively, were on deposit with regulatory authorities, as required by law in various states in which business is conducted.

At December 31, 2013, the amortized cost and carrying value of fixed maturities in default that were anticipated to be income producing when purchased were nil and $5.6million, respectively.  The amortized cost and carrying value of fixed maturities that have been non-income producing for the 12 months preceding December 31, 2013 were $16thousand and $5.7 million, respectively.

At December 31, 2012, the amortized cost and carrying value of fixed maturities in default that were anticipated to be income producing when purchased were $30 thousand and $7.4 million, respectively.  The amortized cost and carrying value of fixed maturities that were non-income producing for the 12 months preceding December 31, 2012 were $30 thousand and $7.4 million, respectively.

At December 31, 2013 and 2012, fixed maturities include $144.6 million and $273.8 million held in trust pursuant to the retro treaties with SRZ, respectively.

20

Jackson National Life Insurance Company and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2013 and 2012

Residential mortgage-backed securities (“RMBS”) include certain RMBS, which are collateralized by residential mortgage loans and are neither explicitly nor implicitly guaranteed by U.S. government agencies (“non-agency RMBS”).  The Company’s non-agency RMBS include investments in securities backed by prime, Alt-A, and subprime loans as follows (in thousands):

					Gross			Gross
	Amortized			Unrealized			Unrealized			Fair
December 31, 2013		Cost (1)			Gains			Losses		Value
Prime		$	516,277		$	13,852		$	6,730	$	523,399
Alt-A			443,920			6,093			5,451		444,562
Subprime			442,376			6,433			25,475		423,334
Total non-agency RMBS		$	1,402,573		$	26,378		$	37,656	$	1,391,295
					Gross			Gross
	Amortized			Unrealized			Unrealized			Fair
December 31, 2012		Cost (1)			Gains			Losses		Value
Prime		$	723,602		$	24,411		$	13,878	$	734,135
Alt-A			516,043			12,646			7,702		520,987
Subprime			473,891			3,292			54,439		422,744
Total non-agency RMBS		$	1,713,536		$	40,349		$	76,019	$	1,677,866

(1)  Amortized cost, apart from the carrying value for securities carried at fair value under the fair value option.

The Company defines its exposure to non-agency residential mortgage loans as follows.  Prime loan-backed securities are collateralized by mortgage loans made to the highest rated borrowers.  Alt-A loan-backed securities are collateralized by mortgage loans made to borrowers who lack credit documentation or necessary requirements to obtain prime borrower rates.  Subprime loan-backed securities are collateralized by mortgage loans made to borrowers that have a FICO score of 680 or lower.  Of the Company’s investments in Alt-A related mortgage-backed securities, 12% are rated investment grade by at least one NRSRO.  Of the Company’s investments in subprime related mortgage-backed securities, 29% are rated investment grade by at least one NRSRO.  In 2013, the Company recorded other-than-temporary impairment charges of $2.8 million, $3.0 million, and $2.6 million on securities backed by prime, Alt-A and subprime loans, respectively.  In 2012, the Company recorded other-than-temporary impairment charges of $4.5 million, $11.3 million, and $9.5 million on securities backed by prime, Alt-A and subprime loans, respectively.  In 2011, the Company recorded other-than-temporary impairment charges of $14.1 million, $20.2 million, and $4.5 million on securities backed by prime, Alt-A and subprime loans, respectively.

Asset-backed securities also include investments in securities which are collateralized by commercial mortgage loans (“CMBS”).  At December 31, 2013, the amortized cost and fair value of the Company’s investment in CMBS was $3.6 billion and $3.8 billion, respectively, of which 99% were rated investment grade by at least one NRSRO.  In 2013, 2012 and 2011, the Company recorded other-than-temporary impairment charges on CMBS of $3.5 million, $3.4 million and $1.0 million, respectively.

Direct investments in below investment grade syndicated bank loans are included in corporate securities.  Unlike most corporate debentures, syndicated bank loans are collateralized by specific tangible assets of the borrowers.  As such, investors in these securities that become impaired have historically experienced less severe losses compared to corporate bonds.  At December 31, 2013, the amortized cost and fair value of the Company’s direct investments in bank loans were $52.1 million and $51.9 million, respectively.  At December 31, 2012, the amortized cost and fair value of the Company’s direct investments in bank loans were $87.1 million and $87.7 million, respectively.  The Company did not have any impairments on these securities in 2013, 2012 and 2011.

21

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The following table summarizes the number of securities, fair value and the related amount of gross unrealized losses aggregated by investment category and length of time that individual fixed maturities have been in a continuous loss position (dollars in thousands):

	December 31, 2013						December 31, 2012
	Less than 12 months						Less than 12 months
	Gross						Gross
	Unrealized				# of		Unrealized				# of
	Losses		Fair Value		securities		Losses		Fair Value		securities
U.S. government securities	$	40,578	$	1,090,585		10	$	104,555	$	2,276,880		22
Other government securities		81,564		556,464		34		11,848		718,324		28
Public utilities		48,065		978,938		90		6,640		264,513		52
Corporate securities		398,549		8,198,063		693		38,948		2,317,590		273
Residential mortgage-backed		21,660		747,039		77		3,962		541,659		110
Commercial mortgage-backed		23,436		772,286		61		2,835		222,950		32
Other asset-backed securities		2,454		201,089		31		48		75,326		15
Total temporarily impaired securities	$	616,306	$	12,544,464		996	$	168,836	$	6,417,242		532

	12 months or longer						12 months or longer
	Gross						Gross
	Unrealized				# of		Unrealized				# of
	Losses		Fair Value		securities		Losses		Fair Value		securities
U.S. government securities	$	482,249	$	1,631,975		11	$	-	$	-		-
Other government securities		81,601		352,888		14		-		-		-
Public utilities		13,642		84,753		22		92		2,682		1
Corporate securities		151,900		1,176,967		142		1,759		94,279		16
Residential mortgage-backed		38,872		614,345		142		74,936		568,627		109
Commercial mortgage-backed		22,234		132,909		21		47,628		58,608		17
Other asset-backed securities		30,188		164,027		28		67,370		227,255		44
Total temporarily impaired securities	$	820,686	$	4,157,864		380	$	191,785	$	951,451		187

	Total						Total
	Gross						Gross
	Unrealized				# of		Unrealized				# of
	Losses		Fair Value		securities		Losses		Fair Value		securities
U.S. government securities	$	522,827	$	2,722,560		21	$	104,555	$	2,276,880		22
Other government securities		163,165		909,352		48		11,848		718,324		28
Public utilities		61,707		1,063,691		112		6,732		267,195		53
Corporate securities		550,449		9,375,030		835		40,707		2,411,869		289
Residential mortgage-backed		60,532		1,361,384		219		78,898		1,110,286		219
Commercial mortgage-backed		45,670		905,195		82		50,463		281,558		49
Other asset-backed securities		32,642		365,116		59		67,418		302,581		59
Total temporarily impaired securities	$	1,436,992	$	16,702,328		1,376	$	360,621	$	7,368,693		719

Other-Than-Temporary Impairments on Available For Sale Securities

The Company periodically reviews its available for sale fixed maturities on a case-by-case basis to determine if any decline in fair value to below cost or amortized cost is other-than-temporary.  Factors considered in determining whether a decline is other-than-temporary include the length of time a security has been in an unrealized loss position, the severity of the unrealized loss and the reasons for the decline in value and expectations for the amount and timing of a recovery in fair value.

22

Jackson National Life Insurance Company and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2013 and 2012

Securities the Company determines are underperforming or potential problem securities are subject to regular review.  To facilitate thereview, securities with significant declines in value, or where other objective criteria evidencing credit deterioration have been met, are included on a watch list.  Among the criteria for securities to be included on a watch list are: credit deterioration that has led to a significant decline in fair value of the security; a significant covenant related to the security has been breached; or an issuer has filed or indicated a possibility of filing for bankruptcy, has missed or announced it intends to miss a scheduled interest or principal payment, or has experienced a specific material adverse change that may impair its creditworthiness.

In performing these reviews, the Company considers the relevant facts and circumstances relating to each investment and exercises considerable judgment in determining whether a security is other-than-temporarily impaired.  Assessment factors include judgments about an obligor’s current and projected financial position, an issuer’s current and projected ability to service and repay its debt obligations, the existence of, and realizable value of, any collateral backing the obligations and the macro-economic and micro-economic outlooks for specific industries and issuers.  This assessment may also involve assumptions regarding underlying collateral such as prepayment rates, default and recovery rates, and third-party servicing capabilities.

Among the specific factors considered are whether the decline in fair value results from a change in the credit quality of the security itself, or from a downward movement in the market as a whole, and the likelihood of recovering the carrying value based on the near-term prospects of the issuer.  Unrealized losses that are considered to be primarily the result of market conditions (e.g., minor increases in interest rates, temporary market illiquidity or volatility, or industry-related events) and where the Company also believes there exists a reasonable expectation for recovery in the near term are usually determined to be temporary.  To the extent that factors contributing to impairment losses recognized affect other investments, such investments are also reviewed for other-than-temporary impairment and losses are recorded when appropriate.

In addition to the review procedures described above, investments in asset-backed securities where market prices are depressed are subject to a review of their future estimated cash flows, including expected and stress case scenarios, to identify potential shortfalls in contractual payments.  These estimated cash flows are developed using available performance indicators from the underlying assets including current and projected default or delinquency rates, levels of credit enhancement, current subordination levels, vintage, expected loss severity and other relevant characteristics.  These estimates reflect a combination of data derived by third parties and internally developed assumptions.  Where possible, this data is benchmarked against third-party sources.

Even in the case of severely depressed market values on asset-backed securities, the Company places significant reliance on the results of its cash flow testing and its lack of an intent to sell these securities until their fair values recover when reaching other-than-temporary impairment conclusions with regard to these securities.  Other-than-temporary impairment charges are recorded on asset-backed securities when the Company forecasts a contractual payment shortfall.

The Company recognizes other-than-temporary impairments on debt securities in an unrealized loss position when any one of the following circumstances exists:

    ●   The Company does not expect full recovery of the amortized cost based on the discounted cash flows estimated to be collected;

    ●   The Company intends to sell a security; or,

    ●   It is more likely than not that the Company will be required to sell a security prior to recovery.

For mortgage-backed securities, credit impairment is assessed using a cash flow model that estimates the cash flows on the underlying mortgages, using the security-specific collateral characteristics and transaction structure.  The model estimates cash flows from the underlying mortgage loans and distributes those cash flows to various tranches of securities, considering the transaction structure and any subordination and credit enhancements existing in that structure.  The cash flow model incorporates actual cash flows on the mortgage-backed securities through the current period and then projects the remaining cash flows using a number of assumptions, including prepayment speeds, default rates and loss severity.

23

Jackson National Life Insurance Company and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2013 and 2012

Specifically for Prime and Alt-A RMBS, the assumed default percentage is dependent on the severity of delinquency status, with foreclosures and real estate owned receiving higher rates, but also includes the currently performing loans.  As of December 31, 2013 and 2012, assumed default rates for delinquent loans ranged from 15% to 100%.  At December 31, 2013 and 2012, assumed loss severities were applied to generate and analyze cash flows of each bond and ranged from 30% to 70%.

These estimates reflect a combination of data derived by third parties and internally developed assumptions.  Where possible, this data is benchmarked against other third-party sources.  In addition, these estimates are extrapolated along a default timing curve to estimate the total lifetime pool default rate.

Other-than-temporary impairments are calculated as the difference between amortized cost and fair value.  For other-than-temporarily impaired securities where Jackson does not intend to sell the security and it is not more likely than not that Jackson will be required to sell the security prior to recovery, total other-than-temporary impairments are reduced by the non-credit portion of the other-than-temporary impairments, which are recognized in other comprehensive income.  The resultant net other-than-temporary impairments recorded in net income reflect the credit loss on the other-than-temporarily impaired securities.  The amortized cost of the other-than-temporarily impaired securities is reduced by the amount of this credit loss.

For securities that were deemed to be other-than-temporarily impaired and for which a non-credit loss was recorded in other comprehensive income, the amount recorded as an unrealized gain (loss) represents the difference between the fair value and the new amortized cost basis of the securities.  The unrealized gain (loss) on other-than-temporarily impaired securities is recorded in other comprehensive income.

The following table summarizes net realized losses on investments (in thousands):

	Years Ended December 31,
	2013			2012			2011
Available-for-sale securities
Realized gains on sale	$	135,023		$	173,337		$	287,507
Realized losses on sale		(34,448	)		(65,495	)		(85,037	)
Impairments:
Total other-than-temporary impairments		(49,930	)		(172,730	)		(305,805	)
Portion of other-than-temporary impairments included in other comprehensive income		29,146			85,876			218,710
Net other-than-temporary impairments		(20,784	)		(86,854	)		(87,095	)
Other		1,354			7,499			(1,442	)
Net realized gains on non-derivative investments		81,145			28,487			113,933
Net losses on derivative instruments		(2,071,598	)		(745,593	)		(874,038	)
Total net realized losses on investments	$	(1,990,453	)	$	(717,106	)	$	(760,105	)

Included in net realized losses on investments are impairment charges on commercial mortgage loans and other invested assets of $3.2 million, nil and $19.3 million in 2013, 2012 and 2011, respectively.  The net losses on derivative instruments included in the above table are further detailed in Note 5.

The aggregate fair value of securities sold at a loss for the years ended December 31, 2013, 2012, and 2011 was $640.4 million, $649.0 million, and $1,053.2 million, respectively, which was approximately 95%, 91%, and 93% of book value, respectively.

24

Jackson National Life Insurance Company and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2013 and 2012

The following summarizes the current year activity for credit losses recognized in net income on debt securities where an other-than-temporary impairment was identified and the non-credit portion of the other-than-temporary impairment was included in other comprehensive income (in thousands):

	Years Ended December 31,
	2013			2012
Cumulative credit loss beginning balance	$	364,186		$	404,756
Additions:
New credit losses		5,310			26,073
Incremental credit losses		12,268			60,781
Reductions:
Securities sold, paid down or disposed of		(60,996	)		(124,172	)
Securities where there is intent to sell		(2,564	)		(3,252	)
Cumulative credit loss ending balance	$	318,204		$	364,186

There are inherent uncertainties in assessing the fair values assigned to the Company’s investments and in determining whether a decline in fair value is other-than-temporary.  The Company’s reviews of net present value and fair value involve several criteria including economic conditions, credit loss experience, other issuer-specific developments and estimated future cash flows.  These assessments are based on the best available information at the time.  Factors such as market liquidity, the widening of bid/ask spreads and a change in the cash flow assumptions can contribute to future price volatility.  If actual experience differs negatively from the assumptions and other considerations used in the consolidated financial statements, unrealized losses currently reported in accumulated other comprehensive income may be recognized in the consolidated income statements in future periods.

The Company currently has no intent to sell securities with unrealized losses considered to be temporary until they mature or recover in value and believes that it has the ability to do so.  However, if the specific facts and circumstances surrounding an individual security, or the outlook for its industry sector change, the Company may sell the security prior to its maturity or recovery and realize a loss.

Commercial Mortgage Loans

Commercial mortgage loans of $6.1 billion and $5.8 billion at December 31, 2013 and 2012, respectively, are reported net of an allowance for loan losses of $11.5 million and $20.4 million at each date, respectively.  At December 31, 2013, commercial mortgage loans were collateralized by properties located in 43 states.  Jackson’s commercial mortgage loan portfolio does not include single-family residential mortgage loans, and is therefore not exposed to the risk of defaults associated with residential subprime mortgage loans.  Jackson periodically reviews these loans for impairment and, during 2013, 2012, and 2011, recognized impairment charges against the allowance for loan losses of $1.0 million, $8.4 million, and $34.5 million, respectively.  In addition, Jackson recorded impairments as a realized loss of $3.2 million during 2013 and $9.7 million during 2011.  In 2012, Jackson did not record any impairments as a realized loss.

The following table provides a summary of the allowance for losses in the Company’s commercial mortgage loan portfolio at December 31, 2013 and 2012 (in thousands):

	Years Ended December 31,
Allowance for loan losses:	2013			2012
Balance at beginning of year	$	20,395		$	20,106
Charge-offs		(1,049	)		(8,394	)
Recoveries		-			-
Net charge-offs		(1,049	)		(8,394	)
(Reduction) provision for loan losses		(7,814	)		8,683
Balance at end of year	$	11,532		$	20,395

25

Jackson National Life Insurance Company and Subsidiaries
Notes to Consolidated Financial Statements
December 31, 2013 and 2012

The following table provides a summary of the allowance for losses in Jackson’s commercial mortgage loan portfolio (in thousands):

	December 31, 2013				December 31, 2012
	Allowance for Loan Losses		Recorded Investment		Allowance for Loan Losses		Recorded Investment
Individually evaluated for impairment	$	352	$	79,371	$	9,216	$	204,546
Collectively evaluated for impairment		11,180		6,000,709		11,179		5,554,451
Total	$	11,532	$	6,080,080	$	20,395	$	5,758,997

The table below illustrates the delinquency status and accrual status of the carrying value of Jackson’s commercial mortgage loan holdings as of December 31, 2013 and 2012 (in thousands).  Delinquency status is determined from the date of the first missed contractual payment.

	2013		2012
Accruing
Current	$	6,080,080	$	5,757,487
Less than 60 days delinquent		-		-
60 days to 90 days delinquent		-		-
91 days or more delinquent		-		904
Total accruing		6,080,080		5,758,391
Non-accrual		-		606
Total	$	6,080,080	$	5,758,997

26

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Under Jackson’s policy for monitoring commercial mortgage loans, all impaired commercial mortgage loans continue to be closely evaluated subsequent to impairment.  The table below summarizes the recorded investment, unpaid principal balance, related loan allowance, average recorded investment and investment income recognized on impaired loans during 2013 and 2012 (in thousands):

	Recorded Investment		Unpaid Principal Balance		Related Loan Allowance		Average Recorded Investment		Investment Income Recognized
December 31, 2013:
Impaired Loans with a Valuation Allowance
Office	$	7,950	$	9,173	$	352	$	5,827	$	391
Impaired Loans without a Valuation Allowance
Apartment		863		863		-		15,175		843
Hotel		49,721		52,978		-		61,608		3,266
Office		20,837		20,837		-		25,013		1,169
Warehouse		-		-		-		2,100		164
Total		71,421		74,678		-		103,896		5,442
Total Impaired Loans
Apartment		863		863		-		15,175		843
Hotel		49,721		52,978		-		61,608		3,266
Office		28,787		30,010		352		30,840		1,560
Warehouse		-		-		-		2,100		164
Total	$	79,371	$	83,851	$	352	$	109,723	$	5,833
	Recorded Investment		Unpaid Principal Balance		Related Loan Allowance		Average Recorded Investment		Investment Income Recognized
December 31, 2012:
Impaired Loans with a Valuation Allowance
Apartment	$	85,750	$	113,107	$	6,500	$	91,708	$	4,601
Hotel		41,823		44,502		2,678		39,291		1,655
Office		11,314		11,351		38		11,338		828
Total		138,887		168,960		9,216		142,337		7,084
Impaired Loans without a Valuation Allowance
Hotel		26,509		30,036		-		30,683		1,742
Office		28,474		31,811		-		42,519		1,582
Retail		-		-		-		750		-
Warehouse		10,676		10,676		-		9,682		633
Total		65,659		72,523		-		83,634		3,957
Total Impaired Loans
Apartment		85,750		113,107		6,500		91,708		4,601
Hotel		68,332		74,538		2,678		69,974		3,397
Office		39,788		43,162		38		53,857		2,410
Retail		-		-		-		750		-
Warehouse		10,676		10,676		-		9,682		633
Total	$	204,546	$	241,483	$	9,216	$	225,971	$	11,041

27

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The following tables provide information about the credit quality of commercial mortgage loans (in thousands):

	December 31, 2013
	In Good Standing		Restructured		Greater than 90 Days Delinquent		In the Process of Foreclosure		Total Carrying Value
Apartment	$	1,891,670	$	-	$	-	$	-	$	1,891,670
Hotel		494,660		49,721		-		-		544,381
Office		740,004		28,787		-		-		768,791
Retail		1,149,405		-		-		-		1,149,405
Warehouse		1,725,833		-		-		-		1,725,833
Total	$	6,001,572	$	78,508	$	-	$	-	$	6,080,080
	December 31, 2012
	In Good Standing		Restructured		Greater than 90 Days Delinquent		In the Process of Foreclosure		Total Carrying Value
Apartment	$	1,375,303	$	30,281	$	904	$	-	$	1,406,488
Hotel		536,377		53,224		-		-		589,601
Office		889,084		37,032		-		606		926,722
Retail		1,063,642		-		-		-		1,063,642
Warehouse		1,765,268		7,276		-		-		1,772,544
Total	$	5,629,674	$	127,813	$	904	$	606	$	5,758,997

The $904 thousand of commercial mortgage loans at December 31, 2012 that were greater than 90 days delinquent were also restructured.

The following table provides information about commercial mortgage loans involved in a troubled debt restructuring as of December 31, 2013 (in thousands, except number of contracts):

	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructuring
Office		1	$	6,477	$	7,950

During 2012, there were no commercial mortgage loans involved in a troubled debt restructuring.

Securitizations

In 2001, Jackson executed the Morgan Stanley Dean Witter Capital I, Series 2001-PPM (“MSDW”) securitization transaction.  Jackson contributed commercial mortgages with a total principal amount of $623.6 million to MSDW and retained beneficial interest.  Prior to 2010, MSDW, a qualified special purpose entity, was not consolidated by Jackson.

Effective January 1, 2010, as a result of adoption of accounting guidance on certain investment funds, the Company was deemed to be the primary beneficiary of MSDW and, therefore, consolidated MSDW.  In March 2011, the external debt of MSDW was paid off entirely.  As such, Jackson’s consolidated financial statements include MSDW assets of $25.4 million and $36.5 million at December 31, 2013 and 2012, respectively.

Other Invested Assets

Other invested assets primarily include investments in limited partnerships and real estate.  Investments in limited partnerships have carrying values of $1,310.4 million and $1,219.5 million at December 31, 2013 and 2012, respectively.  Real estate totaling $160.4 million and $149.2 million at December 31, 2013 and 2012, respectively, include foreclosed properties with a book value of $0.7 million in both years.

28

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Limited Purpose Enhanced Return Entities (“SERVES”)

In 2004, Jackson acquired a $47.5 million debt interest in a limited purpose entity, SERVES 2004-1 (“SERVES 3”), formed to pass through leveraged investment returns based on the performance of an underlying reference pool of syndicated bank loans totaling up to $300.0 million.  Jackson’s interest represented 95% of the capital structure of the entity.  During 2008 and 2009, Jackson entered into option put and forbearance agreements with the counterparty to the SERVES 3 entity in exchange for the counterparty forbearing its right to initiate forced liquidation of the entity under certain market value triggers.

As a result of the additional exposure to SERVES 3 upon entering into the option put and forbearance agreements, Jackson determined that it is the primary beneficiary of SERVES 3 and, accordingly, consolidated SERVES 3 in its financial statements.  The accompanying consolidated financial statements include the underlying assets of $19.6 million and net liabilities of $6.3 million at December 31, 2012, respectively, of this entity.  SERVES 3 was unwound in August 2013.

Securities Lending

The Company has entered into securities lending agreements with agent banks whereby blocks of securities are loaned to third parties, primarily major brokerage firms.  As of December 31, 2013 and 2012, the estimated fair value of loaned securities was $93.6 million and $149.5 million, respectively.  The agreements require a minimum of 102 percent of the fair value of the loaned securities to be held as collateral, calculated on a daily basis.  To further minimize the credit risks related to this program, the financial condition of counterparties is monitored on a regular basis.  At December 31, 2013 and 2012, cash collateral received in the amount of $95.8 million and $153.7 million, respectively, was invested by the agent banks and included in cash and cash equivalents of the Company.  A securities lending payable is included in liabilities for the amount of cash collateral received.

Securities lending transactions are used to generate income.  Income and expenses associated with these transactions are reported as net investment income.

Repurchase Agreements

The Company routinely enters into repurchase agreements whereby the Company agrees to sell and repurchase securities.  These agreements are accounted for as financing transactions, with the assets and associated liabilities included in the consolidated balance sheets.  During 2013 and 2012, short-term borrowings under such agreements averaged $229.4 million and $176.7 million, respectively, with weighted average interest rates of 0.08% and 0.02% during 2013 and 2012, respectively.  At December 31, 2013, the outstanding balance was $415.3 million, which was included within other liabilities in the consolidated balance sheets.  At December 31, 2012, there was no outstanding balance.  Interest expense totaled $0.2 million, $0.3 million, and $0.5 million in 2013, 2012, and 2011, respectively.  The highest level of short-term borrowings at any month end was $691.5 million in 2013 and $544.7 million in 2012.

Investment Income

The sources of net investment income were as follows (in thousands):

	Years Ended December 31,
	2013			2012			2011
Fixed maturities	$	2,240,592		$	2,134,759		$	2,164,833
Commercial mortgage loans		307,361			294,581			283,881
Limited partnerships		267,892			136,649			85,949
Derivative instruments		206,461			160,305			64,710
Policy loans		391,089			172,212			66,860
Other investment income		56,838			30,442			30,458
Total investment income		3,470,233			2,928,948			2,696,691
Less income on funds held under reinsurance treaties		(263,196	)		(93,021	)		-
Less investment expenses		(62,391	)		(55,365	)		(52,105	)
Net investment income	$	3,144,646		$	2,780,562		$	2,644,586

29

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Investment income of $64.9 million, $25.0 million, and $17.0 million was recognized on trading securities held at December 31, 2013, 2012, and 2011, respectively. During 2013, investment income was reduced by $25.1 million on securities carried at fair value with changes in value recorded through income.  During 2012 and 2011, $0.8 million and $11.2 million, respectively, of investment income was recognized on securities carried at fair value with changes in value recorded through income.

During 2013, investment income was reduced by $263.2 million for expense incurred on the liability for funds held under reinsurance treaties, including $287.1 million on policy loans, $5.5 million of fixed maturity income and a $29.6 million loss on fixed maturities with fair value recorded through the income statement.  During 2012, investment income was reduced by $93.0 million for income earned on funds held under reinsurance treaties, including $94.3 million on policy loans, $2.8 million of fixed maturity income of and a $3.9 million loss on fixed maturities with fair value recorded through the consolidated income statement. The net investment income on derivative instruments included in the above table is further detailed in Note 5.

5.    Derivative Instruments

Jackson’s business model includes the acceptance, monitoring and mitigation of risk.  Specifically, Jackson considers, among other factors, exposures to interest rate and equity market movements, foreign exchange rates and other asset or liability prices.  The Company uses derivative instruments to mitigate or reduce these risks in accordance with established policies and goals.  Jackson’s derivative holdings, while effective in managing defined risks, are not structured to meet accounting requirements to be designated as hedging instruments.  As a result, freestanding derivatives are carried at fair value with changes recorded in other investment losses.

Cross-currency swaps, which embody spot and forward currency swaps and, in some cases, interest rate and equity index swaps, are entered into for the purpose of hedging the Company issued foreign currency denominated trust instruments supported by funding agreements.  Cross-currency swaps serve to hedge foreign currency exchange risk embedded in the funding agreements and are carried at fair value.  The fair value of derivatives embedded in funding agreements, including unrealized foreign currency translation gains and losses, are included in the carrying value of the trust instruments supported by funding agreements.  Foreign currency translation gains and losses associated with funding agreement hedging activities are included in other net investment losses.

Credit default swaps, with maturities up to five years, are agreements where the Company has purchased default protection on certain underlying corporate bonds held in its portfolio.  These contracts allow the Company to sell the protected bonds at par value to the counterparty if a defined “default event” occurs, in exchange for periodic payments made by the Company for the life of the agreement.  Credit default swaps are carried at fair value.  The Company does not currently sell default protection using credit default swaps or other similar derivative instruments.

Put-swaption contracts provide the purchaser with the right, but not the obligation, to require the writer to pay the present value of a long-term interest rate swap at future exercise dates.  The Company purchases and writes put-swaptions for hedging purposes with original maturities of up to 10 years.  Put-swaptions hedge against movements in interest rates.  Written put-swaptions may be entered into in conjunction with associated put-swaptions purchased from the same counterparties, referred to as linked put-swaptions.  Linked put-swaptions have identical notional amounts and strike prices, but have different underlying swap terms.  Linked put-swaptions are presented at the fair value of the net position for each pair of contracts.  Non-linked put-swaptions are carried at fair value.

Equity index futures contracts and equity index options (including various call and put options), which are used to hedge the Company’s equity risk, including obligations associated with its index linked annuities and guarantees in variable annuity products, are carried at fair value.  These insurance products contain embedded options whose fair value is reported in other contract holder funds.

Total return swaps, for which the Company receives returns based on reference pools of assets in exchange for short-term floating rate payments based on notional amounts, are held for both hedging and investment purposes, and are carried at fair value.

30

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Interest rate swap agreements used for hedging purposes generally involve the exchange of fixed and floating payments based on a notional contract amount over the period for which the agreement remains outstanding without an exchange of the underlying notional amount.  Interest rate swaps are carried at fair value.

A summary of the aggregate contractual or notional amounts and fair values of the Company’s freestanding derivative instruments is as follows (in thousands):

	December 31, 2013
	Assets				Liabilities
	Contractual/				Contractual/					Net
	Notional		Fair		Notional		Fair			Fair
	Amount (1)		Value		Amount (1)		Value			Value
Credit default swaps	$	-	$	-	$	25,000	$	(363	)	$	(363	)
Cross-currency swaps		358,896		79,846		-		-			79,846
Equity index call options		5,548,700		218,624		-		-			218,624
Equity index futures		-		-		6,075,630		-			-
Equity index put options		42,550,000		119,739		-		-			119,739
Interest rate swaps		12,000,000		794,520		13,200,000		(796,468	)		(1,948	)
Put-swaptions		1,500,000		55,245		6,500,000		(56,122	)		(877	)
Total	$	61,957,596	$	1,267,974	$	25,800,630	$	(852,953	)	$	415,021
	December 31, 2012
	Assets				Liabilities
	Contractual/				Contractual/					Net
	Notional		Fair		Notional		Fair			Fair
	Amount (1)		Value		Amount (1)		Value			Value
Credit default swaps	$	-	$	-	$	170,000	$	(7,155	)	$	(7,155	)
Cross-currency swaps		527,332		140,792		-		-			140,792
Equity index call options		5,557,900		143,780		1,000,000		(238,652	)		(94,872	)
Equity index futures		-		-		6,212,938		(10,773	)		(10,773	)
Equity index put options		37,850,000		144,590		-		-			144,590
Interest rate swaps		15,400,000		1,685,430		13,150,000		(788,114	)		897,316
Put-swaptions		8,000,000		398,066		-		-			398,066
Total return swaps		-		-		300,000		(3,765	)		(3,765	)
Total	$	67,335,232	$	2,512,658	$	20,832,938	$	(1,048,459	)	$	1,464,199

(1) With respect to swaps and put-swaptions, the notional amount represents the stated principal balance used as a basis for calculating payments.  With respect to futures and options, the contractual amount represents the market exposure of open positions.

31

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The following tables reflect the results of the Company’s derivatives, including gains (losses) and change in fair value of freestanding derivative instruments and embedded derivatives (in thousands):

	Year Ended December 31, 2013
	Other			Net Investment Income
	Investment						Net Gain (Loss)
	Gains (Losses)
Credit default swaps	$	6,791		$	(7,479	)	$	(688	)
Equity index call options		187,474			-			187,474
Equity index futures		(1,746,460	)		-			(1,746,460	)
Equity index put options		(800,394	)		-			(800,394	)
Index-linked annuity embedded derivatives		(455,149	)		-			(455,149	)
Interest rate swaps		(895,185	)		210,166			(685,019	)
Put-swaptions		(248,510	)		48			(248,462	)
Total return swaps		-			3,726			3,726
Variable annuity embedded derivatives		1,879,835			-			1,879,835
Total	$	(2,071,598	)	$	206,461		$	(1,865,137	)
	Year Ended December 31, 2012
	Other			Net Investment Income
	Investment						Net Gain (Loss)
	Gains (Losses)
Credit default swaps	$	2,376		$	(10,046	)	$	(7,670	)
Equity index call options		(48,567	)		-			(48,567	)
Equity index futures		(855,912	)		-			(855,912	)
Equity index put options		(783,303	)		-			(783,303	)
Index-linked annuity embedded derivatives		(156,489	)		-			(156,489	)
Interest rate swaps		167,075			171,600			338,675
Put-swaptions		106,914			(727	)		106,187
Total return swaps		-			(522	)		(522	)
Variable annuity embedded derivatives		822,313			-			822,313
Total	$	(745,593	)	$	160,305		$	(585,288	)
	Year Ended December 31, 2011
	Other			Net Investment Income
	Investment						Net Gain (Loss)
	Gains (Losses)
Credit default swaps	$	9,420		$	(10,452	)	$	(1,032	)
Equity index call options		77,616			-			77,616
Equity index futures		(528,345	)		-			(528,345	)
Equity index put options		(270,405	)		-			(270,405	)
Index-linked annuity embedded derivatives		(8,644	)		-			(8,644	)
Interest rate swaps		816,426			64,535			880,961
Put-swaptions		469,869			(2,779	)		467,090
Total return swaps		-			13,406			13,406
Variable annuity embedded derivatives		(1,439,975	)		-			(1,439,975	)
Total	$	(874,038	)	$	64,710		$	(809,328	)

32

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

All of Jackson’s trade agreements for freestanding, over-the-counter derivatives contain credit downgrade provisions that allow a party to assign or terminate derivative transactions if the counterparty’s credit rating declines below an established limit.  At December 31, 2013 and 2012, the fair value of Jackson’s net derivative assets by counterparty were $692.8 million and $1,546.6 million, respectively, and held collateral was $787.7 million and $1,760.7 million, respectively, related to these agreements.  At December 31, 2013 and 2012, the fair value of Jackson’s net derivative liabilities by counterparty was $277.7 million and $82.4 million, respectively, and provided collateral was $208.2 million and $36.3 million, respectively, related to these agreements.  If all of the downgrade provisions had been triggered at December 31, 2013 or 2012, Jackson would have had to disburse $164.5 million and $260.2 million, respectively, to counterparties, representing the net fair values of derivatives by counterparty, less collateral held.

Offsetting Assets and Liabilities

The Company’s derivative instruments, repurchase agreements and securities lending agreements are subject to master netting arrangements and collateral arrangements.  A master netting arrangement with a counterparty creates a right of offset for amounts due to and due from that same counterparty that is enforceable in the event of a default or bankruptcy.  The Company recognizes amounts subject to master netting arrangements on a gross basis within the consolidated balance sheets.

The following tables present the gross and net information about the Company’s financial instruments subject to master netting arrangements (in thousands):

	December 31, 2013
			Gross
			Amounts		Net Amounts		Gross Amounts Not Offset
	Gross		Offset in the		Presented in		in the Consolidated Balance Sheets
	Amounts		Consolidated		the Consolidated		Financial		Cash		Securities		Net
	Recognized		Balance Sheets		Balance Sheets		Instruments(1)		Collateral		Collateral (2)		Amount
Financial Assets:
Derivative assets	$	1,267,974	$	-	$	1,267,974	$	575,206	$	6,540	$	686,228	$	-
Financial Liabilities:
Derivative liabilities	$	852,953	$	-	$	852,953	$	575,206	$	-	$	208,221	$	69,526
Securities loaned		95,754		-		95,754		-		95,754		-		-
Repurchase agreements		415,271		-		415,271		-		-		415,271		-
Total financial liabilities	$	1,363,978	$	-	$	1,363,978	$	575,206	$	95,754	$	623,492	$	69,526
	December 31, 2012
			Gross
			Amounts		Net Amounts		Gross Amounts Not Offset
	Gross		Offset in the		Presented in		in the Consolidated Balance Sheets
	Amounts		Consolidated		the Consolidated		Financial		Cash		Securities		Net
	Recognized		Balance Sheets		Balance Sheets		Instruments(1)		Collateral		Collateral (2)		Amount
Financial Assets:
Derivative assets	$	2,512,658	$	-	$	2,512,658	$	966,088	$	43,214	$	1,503,356	$	-
Financial Liabilities:
Derivative liabilities	$	1,044,694	$	-	$	1,044,694	$	966,088	$	10,773	$	25,549	$	42,284
Securities loaned		153,747		-		153,747		-		153,747		-		-
Total financial liabilities	$	1,198,441	$	-	$	1,198,441	$	966,088	$	164,520	$	25,549	$	42,284

(1)	Represents the amount that could be offset under master netting or similar arrangements that management elects not to offset on the consolidated balance sheets.
(2)	Excludes initial margin amounts for exchange-traded derivatives.

In the above tables, the amounts of assets or liabilities presented in the Company’s consolidated balance sheets are offset first by financial instruments that have the right of offset under master netting or similar arrangements with any remaining amount reduced by the amount of cash and securities collateral.  The actual amount of collateral may be greater than amounts presented in the tables.  The above tables exclude net embedded derivatives of $343.9 million and $2,185.4 million for 2013 and 2012, respectively, and derivative liabilities of nil and $3.8 million for 2013 and 2012, respectively, as these derivatives are not subject to master netting arrangements.  In addition, repurchase agreements are presented within other liabilities in the consolidated balance sheets.

33

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

6.     Fair Value Measurements

The following table summarizes the fair value and carrying value of Jackson’s financial instruments (in thousands).  The basis for determining the fair value of each instrument is described in Note 2.

	December 31, 2013				December 31, 2012
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets
Fixed maturities (1)	$	49,729,105	$	49,729,105	$	53,164,638	$	53,164,638
Trading securities		541,228		541,228		412,813		412,813
Commercial mortgage loans		6,080,080		6,302,268		5,758,997		6,194,507
Policy loans (1)		4,477,040		4,477,040		4,374,211		4,374,211
Derivative instruments		1,267,974		1,267,974		2,512,658		2,512,658
Limited partnerships		1,310,369		1,310,369		1,219,515		1,219,515
Cash and cash equivalents		986,383		986,383		1,150,420		1,150,420
GMIB reinsurance recoverable		136,147		136,147		416,528		416,528
Embedded derivative assets		939,224		939,224		-		-
Separate account assets		108,787,279		108,787,279		80,134,446		80,134,446
Liabilities
Other contract holder funds
Annuity reserves (2)	$	38,809,845	$	40,927,655	$	39,422,770	$	41,080,276
Reserves for guaranteed investment contracts		1,840,191		1,840,641		1,123,971		1,138,699
Trust instruments supported by funding agreements		803,688		821,224		1,341,408		1,372,165
Federal Home Loan Bank funding agreements		1,773,829		1,773,014		1,801,108		1,802,855
Funds held under reinsurance treaties		3,396,987		3,396,987		3,285,118		3,285,118
Debt		284,489		346,601		292,274		361,585
Securities lending payable		95,754		95,754		153,747		153,747
Derivative instruments		852,953		852,953		1,048,459		1,048,459
Repurchase agreements		415,271		415,271		-		-
Separate account liabilities		108,787,279		108,787,279		80,134,446		80,134,446

(1)	Includes items carried at fair value under the fair value option, for which there is a corresponding liability within funds held under reinsurance treaties.
(2)	Annuity reserves represent only the components of deposits on investment contracts that are considered to be financial instruments.

The following is a discussion of the methodologies used to determine fair values of the financial instruments measured on both a recurring and nonrecurring basis reported in the following tables.

Fixed Maturity and Trading Securities

The fair values for fixed maturity and trading securities are determined using information available from independent pricing services, broker-dealer quotes, or internally derived estimates.  Priority is given to publicly available prices from independent sources, when available.  Securities for which the independent pricing service does not provide a quotation are either submitted to independent broker-dealers for prices or priced internally.  Typical inputs used by these three pricing methods include, but are not limited to, reported trades, benchmark yields, credit spreads, liquidity premiums and/or estimated cash flows based on default and prepayment assumptions.

As a result of typical trading volumes and the lack of specific quoted market prices for most fixed maturities, independent pricing services will normally derive the security prices through recently reported trades for identical or similar securities, making adjustments through the reporting date based upon available market observable information as outlined above.  If there are no recently reported trades, the independent pricing services and broker-dealers may use matrix or pricing model processes to develop a security price where future cash flow expectations are developed based upon collateral performance and discounted at relevant market rates.  Certain securities are priced using broker-dealer quotes, which may utilize proprietary inputs and models.  Additionally, the majority of these quotes are non-binding.

Included in the pricing of asset-backed securities are estimates of the rate of future prepayments of principal over the remaining life of the securities.  Such estimates are derived based on the characteristics of the underlying structure and prepayment assumptions believed to be relevant for the underlying collateral.  Actual prepayment experience may vary from these estimates.

34

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Internally derived estimates may be used to develop a fair value for securities for which the Company is unable to obtain either a reliable price from an independent pricing service or a suitable broker-dealer quote.  These fair value estimates may incorporate Level 2 and Level 3 inputs and are generally derived using expected future cash flows, discounted at market interest rates available from market sources based on the credit quality and duration of the instrument.  For securities that may not be reliably priced using these internally developed pricing models, a fair value may be estimated using indicative market prices.  These prices are indicative of an exit price, but the assumptions used to establish the fair value may not be observable or corroborated by market observable information and, therefore, represent Level 3 inputs.

The Company performs a monthly analysis on the prices and credit spreads received from third parties to ensure that the prices represent a reasonable estimate of the fair value.  This process involves quantitative and qualitative analysis and is overseen by investment and accounting professionals.  Examples of procedures performed include, but are not limited to, initial and ongoing review of third party pricing service methodologies, review of pricing statistics and trends, back testing recent trades and monitoring of trading volumes.  In addition, the Company considers whether prices received from independent broker-dealers represent a reasonable estimate of fair value through the use of internal and external cash flow models, which are developed based on spreads and, when available, market indices.  As a result of this analysis, if the Company determines there is a more appropriate fair value based upon the available market data, the price received from the third party may be adjusted accordingly.

For those securities that were internally valued at December 31, 2013 and 2012, the pricing model used by the Company utilizes current spread levels of similarly rated securities to determine the market discount rate for the security.  Furthermore, appropriate risk premiums for illiquidity and non-performance are incorporated in the discount rate.  Cash flows, as estimated by the Company using issuer-specific default statistics and prepayment assumptions, are discounted to determine an estimated fair value. 

On an ongoing basis, the Company reviews the independent pricing services’ valuation methodologies and related inputs, and evaluates the various types of securities in its investment portfolio to determine an appropriate fair value hierarchy distribution based upon trading activity and the observability of market inputs.  Based on the results of this evaluation, each price is classified into Level 1, 2, or 3.  Most prices provided by independent pricing services, including broker-dealer quotes, are classified into Level 2 due to their use of market observable inputs.

Commercial Mortgage Loans

Fair values are generally determined by discounting expected future cash flows at current market interest rates, inclusive of a credit spread, for similar quality loans.  For loans whose value is dependent upon the underlying property, fair value is determined to be the estimated value of the collateral.  Certain characteristics considered significant in determining the spread or collateral value may be based on internally developed estimates.  As a result, these investments have been classified as Level 3 within the fair value hierarchy.

Policy Loans

The Company believes the carrying value of policy loans approximates fair value.  Policy loans are funds provided to policyholders in return for a claim on the policies values and function like demand deposits which are redeemable upon repayment, death or surrender, and there is only one market price at which the transaction could be settled – the then current carrying value.  The funds provided are limited to the cash surrender value of the underlying policy.  The nature of policy loans is to have a negligible default risk as the loans are fully collateralized by the value of the policy.  Policy loans do not have a stated maturity and the balances and accrued interest are repaid either by the policyholder or with proceeds from the policy.  Due to the collateralized nature of policy loans and unpredictable timing of payments, the Company believes the carrying value of policy loans approximates fair value.

Freestanding Derivative Instruments

Freestanding derivative instruments are reported at fair value, which reflects the estimated amounts, net of payment accruals, which the Company would receive or pay upon sale or termination of the contracts at the reporting date. Changes in fair value are included in other investment losses.  Freestanding derivatives priced using third party pricing services incorporate inputs that are predominantly observable in the market. Inputs used to value derivatives include, but are not limited to, interest rate swap curves, credit spreads, interest rates, counterparty credit risk, equity volatility and equity index levels.

35

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Freestanding derivative instruments classified as Level 1 include futures, which are traded on active exchanges.  Freestanding derivative instruments classified as Level 2 include interest rate swaps, cross currency swaps, credit default swaps, put-swaptions and equity index call and put options.  These derivative valuations are determined by third-party pricing services using pricing models with inputs that are observable in the market or can be derived principally from, or corroborated by, observable market data.

Limited Partnerships

Fair value for limited partnership interests, which are included in other invested assets, is determined using the proportion of Jackson’s investment in each fund (“NAV equivalent”) as a practical expedient for fair value.  No adjustments to these amounts were deemed necessary at December 31, 2013 or 2012.

The Company’s limited partnership investments are not redeemable and distributions received are generally the result of liquidation of the underlying assets of the partnerships.  The term of Jackson’s interest in the partnerships is generally ten years, but may be extended for a period of time under provisions within the partnership agreements, if applicable.  The Company generally has the ability under the partnership agreements to sell its interest to another limited partner with the prior written consent of the general partner.  It is not probable and there is no instance where Jackson contemplated selling a limited partnership interest for an amount different from its NAV equivalent.

Cash and Cash Equivalents

Cash and cash equivalents primarily include money market instruments and bank deposits.  Certain money market instruments are valued using unadjusted quoted prices in active markets and are classified as Level 1.

Separate Account Assets and Liabilities

Separate account assets are comprised of investments in mutual funds, which are categorized as Level 1 assets.  The value of separate account liabilities are set equal to the value of separate account assets.

Reserves for Future Policy Benefits and Claims Payable

Fair values for immediate annuities without mortality features are derived by discounting the future estimated cash flows using current market interest rates for similar maturities.  Fair values for deferred annuities, including index linked annuities, are determined using projected future cash flows discounted at current market interest rates.

Other Contract Holder Funds

Fair values for guaranteed investment contracts are based on the present value of future cash flows discounted at current market interest rates.

Fair values for trust instruments supported by funding agreements are based on the present value of future cash flows discounted at current market interest rates, plus the fair value of any embedded derivatives that are not required to be reported separately.

Fair values of the FHLBI funding agreements are based on the present value of future cash flows discounted at current market interest rates.

Funds Held Under Reinsurance Treaties

The fair value of the funds held is equal to the fair value of the assets held as collateral, which primarily consist of policy loans and fixed maturities.

Debt

Carrying value of the Company’s short-term debt is considered a reasonable estimate for fair value due to their short-term maturity.  Fair values of long-term debt are based on the present value of future cash flows discounted at current market interest rates.

Securities Lending Payable

The Company’s securities lending payable is set equal to the cash collateral received.  Due to the short-term nature of the loans, carrying value is a reasonable estimate of fair value.

36

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Repurchase Agreements

Carrying value of the Company’s repurchase agreements, which are included in other liabilities, is considered a reasonable estimate of fair value due to their short-term maturities.

Certain Guaranteed Benefits

Variable annuity contracts issued by the Company offer various guaranteed minimum death, withdrawal, income and accumulation benefits.  Certain benefits, primarily non-life contingent guaranteed minimum withdrawal benefits (“GMWB”), guaranteed minimum accumulation benefits (“GMAB”) and the reinsured portion of the Company’s guaranteed minimum income benefits (“GMIB”), are recorded at fair value.  Guaranteed benefits that are not subject to fair value accounting are accounted for as insurance benefits.

Non-life contingent GMWBs and GMABs are recorded at fair value with changes in fair value recorded in other investment losses.  The fair value of the reserve is based on the expectations of future benefit payments and future fees associated with the benefits.  At the inception of the contract, the Company attributes to the derivative a portion of total fees collected from the contract holder, which is then held static in future valuations.  Those fees, generally referred to as the attributed fees, are set such that the present value of the attributed fees is equal to the present value of future claims expected to be paid under the guaranteed benefit at the inception of the contract.  In subsequent valuations, both the present value of future benefits and the present value of attributed fees are revalued based on current market conditions and policyholder behavior assumptions.  The difference between each of the two components represents the fair value of the embedded derivative.  Jackson discontinued offering the GMAB in 2011.

Jackson’s GMIB book is reinsured through an unrelated party and, due to the net settlement provisions of the reinsurance agreement, this contract meets the definition of a derivative.  Accordingly, the GMIB reinsurance agreement is recorded at fair value, with changes in fair value recorded in other investment losses.  Due to the inability to economically reinsure or hedge new issues of the GMIB, the Company discontinued offering the benefit in 2009.

Fair values for GMWB and GMAB embedded derivatives, as well as GMIB reinsurance recoverables, are calculated using internally developed models because active, observable markets do not exist for those guaranteed benefits.

The fair value calculation is based on the present value of future cash flows comprised of future expected benefit payments, less future attributed rider fees, over the lives of the contracts.  Estimating these cash flows requires numerous estimates and subjective judgments related to capital market inputs, as well as actuarially determined assumptions related to expectations concerning policyholder behavior.  Capital market inputs include expected market rates of return, market volatility, correlations of market index returns to funds, fund performance and discount rates.  The more significant actuarial assumptions include benefit utilization by policyholders under varying conditions, fund allocation, persistency, mortality, and withdrawal rates.  Because of the dynamic and complex nature of these cash flows, best estimate assumptions, plus risk margins, and a stochastic process involving the generation of thousands of scenarios that assume risk neutral returns consistent with swap rates are used.

At each valuation date, the Company assumes expected returns based on LIBOR swap rates as of that date to determine the value of expected future cash flows produced in the stochastic process.  Volatility assumptions are based on a weighting of available market data for implied market volatility for durations up to 10 years, grading to a historical volatility level by year 15.  Additionally, non-performance risk is incorporated into the calculation through the use of discount rates based on a AA corporate credit curve as an approximation of Jackson’s own credit risk.  Other risk margins, particularly for policyholder behavior, are also incorporated into the model through the use of best estimate assumptions, plus a risk margin.  Estimates of future policyholder behavior are subjective and are based primarily on the Company’s experience.

As markets change, mature and evolve and actual policyholder behavior emerges, management continually evaluates the appropriateness of its assumptions for this component of the fair value model.

The use of the models and assumptions described above requires a significant amount of judgment.  Management believes the aggregation of each of these components results in an amount that the Company would be required to transfer for a liability, or receive for an asset, to or from a willing buyer or seller, if one existed, for those market participants to assume the risks associated with the guaranteed benefits and the related reinsurance.  However, the

37

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

ultimate settlement amount of the liability, which is currently unknown, could likely be significantly different than this fair value.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table summarizes the Company’s assets and liabilities that are carried at fair value by hierarchy levels (in thousands):

	December 31, 2013
	Total		Level 1		Level 2		Level 3
Assets
Fixed maturities
U.S. government securities	$	4,516,833	$	4,516,833	$	-	$	-
Other government securities		997,986		-		997,986		-
Public Utilities		4,451,985		-		4,451,985		-
Corporate securities		32,058,285		-		32,039,272		19,013
Residential mortgage-backed		2,902,825		-		2,902,811		14
Commercial mortgage-backed		3,826,887		-		3,826,429		458
Other asset-backed securities		974,304		-		964,755		9,549
Trading securities		541,228		470,752		-		70,476
Policy loans		3,131,161		-		-		3,131,161
Derivative instruments		1,267,974		-		1,267,974		-
Limited partnerships		1,310,369		-		-		1,310,369
GMIB reinsurance recoverable		136,147		-		-		136,147
Embedded derivative assets (1)		939,224		-		-		939,224
Separate account assets		108,787,279		108,787,279		-		-
Total	$	165,842,487	$	113,774,864	$	46,451,212	$	5,616,411
Liabilities
Embedded derivative liabilities (3)	$	1,283,153	$	-	$	1,283,153	$	-
Funds held under reinsurance treaties		3,396,987		-		-		3,396,987
Derivative instruments		852,953		-		852,953		-
Separate account liabilities (2)		108,787,279		108,787,279		-		-
Total	$	114,320,372	$	108,787,279	$	2,136,106	$	3,396,987
	December 31, 2012
	Total		Level 1		Level 2		Level 3
Assets
Fixed maturities
U.S. government securities	$	5,487,682	$	5,487,682	$	-	$	-
Other government securities		1,218,743		-		1,218,743		-
Corporate securities		37,393,530		-		37,350,791		42,739
Residential mortgage-backed		3,874,523		-		3,874,492		31
Commercial mortgage-backed		4,242,529		-		4,242,529		-
Other asset-backed securities		947,631		-		941,008		6,623
Trading securities		412,813		342,990		-		69,823
Policy loans		2,994,756		-		-		2,994,756
Derivative instruments		2,512,658		-		2,512,658		-
Limited partnerships		1,219,515		-		-		1,219,515
GMIB reinsurance recoverable		416,528		-		-		416,528
Separate account assets		80,134,446		80,134,446		-		-
Total	$	140,855,354	$	85,965,118	$	50,140,221	$	4,750,015
Liabilities
Embedded derivative liabilities (1) (3)	$	2,185,380	$	-	$	964,387	$	1,220,993
Funds held under reinsurance treaties		3,285,118		-		-		3,285,118
Derivative instruments		1,048,459		10,773		1,033,921		3,765
Separate account liabilities (2)		80,134,446		80,134,446		-		-
Total	$	86,653,403	$	80,145,219	$	1,998,308	$	4,509,876

(1)	Includes the embedded derivatives related only to GMWB reserves.
(2)	The value of the separate account liabilities is set equal to the value of the separate account assets.
(3)	Includes the embedded derivative liabilities related to index linked annuities.

38

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3)

Level 3 Assets and Liabilities by Price Source

The table below presents the balances of Level 3 assets and liabilities measured at fair value with their corresponding pricing sources (in thousands).

December 31, 2013
Assets	Total		Internal		External
Fixed Maturities
Corporate securities	$	19,013	$	19,013	$	-
Residential mortgage-backed		14		14		-
Commercial mortgage-backed		458		458		-
Other asset-backed securities		9,549		9,549		-
Trading securities		70,476		249		70,227
Policy loans		3,131,161		3,131,161		-
Limited partnerships		1,310,369		-		1,310,369
GMIB reinsurance recoverable		136,147		136,147		-
Embedded derivative assets (1)		939,224		939,224
Total	$	5,616,411	$	4,235,815	$	1,380,596
Liabilities
Funds held under reinsurance treaties	$	3,396,987	$	3,396,987	$	-

December 31, 2012
Assets	Total		Internal		External
Fixed Maturities
Corporate securities	$	42,739	$	35,537	$	7,202
Residential mortgage-backed		31		31		-
Other asset-backed securities		6,623		6,623		-
Trading securities		69,823		140		69,683
Policy loans		2,994,756		2,994,756		-
Limited partnerships		1,219,515		-		1,219,515
GMIB reinsurance recoverable		416,528		416,528		-
Total	$	4,750,015	$	3,453,615	$	1,296,400
Liabilities
Embedded derivative liabilities (1)	$	1,220,993	$	1,220,993	$	-
Derivative instruments		3,765		3,765		-
Funds held under reinsurance treaties		3,285,118		3,285,118		-
Total	$	4,509,876	$	4,509,876	$	-

(1) Includes the embedded derivatives related only to GMWB.

External pricing sources for securities represent unadjusted prices from independent pricing services and independent indicative broker quotes where pricing inputs are not readily available.  Limited partnership interests are valued using externally prepared financial statements provided by partnership management.

39

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Quantitative Information Regarding Internally-Priced Level 3 Assets and Liabilities

The table below presents quantitative information on significant internally-priced Level 3 assets and liabilities (in thousands):

	As of December 31, 2013
	Fair Value		Valuation Technique(s)	Unobservable Input(s)	Range in bps (Weighted Average)	Impact of Increase in Input on Fair Value
Assets
Fixed maturities
Corporate securities	$	19,013	Discounted cash flow	Discount rate	1054-1129 (1092)	Decrease
Other asset-backed securities		9,549	Discounted cash flow	Discount rate	239-529 (447)	Decrease
Policy loans		3,131,161	Outstanding balance	N/A	N/A	N/A
GMIB reinsurance recoverable		136,147	Discounted cash flow	Policyholder behavior	See below	See below
Embedded derivative assets		939,224	Discounted cash flow	Policyholder behavior	See below	See below
Total	$	4,235,094
Liabilities
Funds held under reinsurance treaties	$	3,396,987	Carrying value of asset	N/A	N/A	N/A

	As of December 31, 2012
	Fair Value		Valuation Technique(s)	Unobservable Input(s)	Range in bps (Weighted Average)	Impact of Increase in Input on Fair Value
Assets
Fixed maturities
Corporate securities	$	35,537	Discounted cash flow	Discount rate	100-519 (408)	Decrease
Other asset-backed securities		6,623	Discounted cash flow	Discount rate	283-610 (513)	Decrease
Policy loans		2,994,756	Outstanding balance	N/A	N/A	N/A
GMIB reinsurance recoverable		416,528	Discounted cash flow	Policyholder behavior	See below	See below
Total	$	3,453,444
Liabilities
Embedded derivative liabilities	$	1,220,993	Discounted cash flow	Policyholder behavior	See below	See below
Derivative instruments		3,765	Adjusted broker bid	Financing cost spread	105-441 (125)	Increase
Funds held under reinsurance treaties		3,285,118	Carrying value of asset	N/A	N/A	N/A
Total	$	4,509,876

Sensitivity to Changes in Unobservable Inputs

The following is a general description of sensitivities of significant unobservable inputs and their impact on the fair value measurement for the assets and liabilities reflected in the table above.

Internally-priced corporate securities classified in Level 3 include private debt securities for which no price comparatives or spread levels can be observed.  For these securities, a discounted cash flow model was used and the primary unobservable input is an internally-developed discount rate.  Significant increases (decreases) in the discount rate would result in a significantly lower (higher) fair value measurement.

Other asset-backed securities classified in Level 3 are fair valued using a discounted cash flow model.  Unobservable inputs include an internally developed discount rate.  Significant increases (decreases) in the discount rate would result in a significantly lower (higher) fair value measurement.

Residential mortgage-backed securities of $14 thousand, commercial mortgage-backed securities of $458 thousand, and trading securities of $249 thousand are fair valued using techniques incorporating unobservable inputs and are classified in Level 3 of the fair value hierarchy.  For these assets, their unobservable inputs and ranges of possible inputs do not materially affect their fair valuations and have been excluded from the quantitative information in the table above.

The GMIB reinsurance recoverable fair value calculation is based on the present value of future cash flows comprised of future expected reinsurance benefit receipts, less future attributed premium payments to reinsurers, over the lives of the contracts.  Estimating these cash flows requires actuarially determined assumptions related to expectations

40

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

concerning policyholder behavior.  The more significant actuarial assumptions include benefit utilization, persistency, and mortality.  In general, an increase (decrease) in assumed benefit utilization would increase (decrease) the fair value of the reinsurance recoverable; an increase (decrease) in assumed persistency would increase (decrease) the fair value of the reinsurance recoverable; and an increase (decrease) in assumed mortality would decrease (increase) the fair value of the reinsurance recoverable.

Embedded derivative liabilities classified in Level 3 represent the fair value of GMWB and GMAB liabilities.  These fair value calculations are based on the present value of future cash flows comprised of future expected benefit payments, less future attributed rider fees, over the lives of the contracts.   Estimating these cash flows requires actuarially determined assumptions related to expectations concerning policyholder behavior.  The more significant actuarial assumptions include benefit utilization, fund allocation, persistency, and mortality.  In general, an increase (decrease) in assumed benefit utilization would increase (decrease) the fair value of the liabilities; an increase (decrease) in allocation to equity funds would increase (decrease) the fair value of the liabilities; an increase (decrease) in assumed persistency would increase (decrease) the fair value of the liabilities; and an increase (decrease) in assumed mortality would decrease (increase) the fair value of the liabilities.

Derivative instruments categorized in level 3 at December 31, 2012 consisted of a total return swap based on a reference pool of syndicated bank loan investments.  Inputs to fair value include broker quotes for the underlying assets, earnings on the reference pool, and an estimate for the embedded financing cost, which is a significant and unobservable input.  Significant increases (decreases) in estimated comparable financing costs would result in a higher (lower) fair value measurement.

41

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The tables below provide rollforwards for 2013 and 2012 of the financial instruments for which significant unobservable inputs (Level 3) are used in the fair value measurement.  Gains and losses in the table below include changes in fair value due partly to observable and unobservable factors.  The Company utilizes derivative instruments to manage the risk associated with certain assets and liabilities.  However, the derivative instruments hedging the related risks may not be classified within the same fair value hierarchy level as the associated assets and liabilities.  Therefore, the impact of the derivative instruments reported in Level 3 below may vary significantly from the total income effect of the hedged instruments.  Additionally, the Company’s policy for determining and disclosing transfers between levels is to recognize transfers using beginning of period balances.

				Total Realized/Unrealized Gains (Losses) Included in
										Purchases,
	Fair Value									Sales,			Transfers			Fair Value
	as of						Other			Issuances			in and/or			as of
	January 1,			Net			Comprehensive			and			(out of)			December 31,
(in thousands)	2013			Income			Income			Settlements			Level 3			2013
Assets
Fixed maturities
Corporate securities	$	42,739		$	793		$	(1,754	)	$	(11,406	)	$	(11,359	)	$	19,013
Residential mortgage-backed		31			(2	)		-			(15	)		-			14
Commercial mortgage-backed		-			1,068			(1,068	)		-			458			458
Other asset-backed securities		6,623			2,879			651			(8,776	)		8,172			9,549
Trading securities		69,823			2,237			-			(1,584	)		-			70,476
Policy loans		2,994,756			6,787			-			129,618			-			3,131,161
Limited partnerships		1,219,515			252,955			-			(162,101	)		-			1,310,369
GMIB reinsurance recoverable		416,528			(280,381	)		-			-			-			136,147
Liabilities
Embedded derivative liabilities	$	(1,220,993	)	$	2,160,217		$	-		$	-		$	-		$	939,224
Derivative instruments		(3,765	)		3,765			-			-			-			-
Funds held under reinsurance treaties		(3,285,118	)		4,924			-			(116,793	)		-			(3,396,987	)
				Total Realized/Unrealized Gains (Losses) Included in
										Purchases,
	Fair Value									Sales,			Transfers			Fair Value
	as of						Other			Issuances			in and/or			as of
	January 1,			Net			Comprehensive			and			(out of)			December 31,
(in thousands)	2012			Income			Income			Settlements			Level 3			2012
Assets
Fixed maturities
Corporate securities	$	32,295		$	1,655		$	2,991		$	31,100		$	(25,302	)	$	42,739
Residential mortgage-backed		-			-			-			31			-			31
Other asset-backed securities		10,060			225			533			(4,195	)		-			6,623
Trading securities		59,891			12,094			-			(2,162	)		-			69,823
Policy loans (1)		2,951,560			(72,683	)		-			115,879			-			2,994,756
Limited partnerships		1,086,546			135,528			-			(2,559	)		-			1,219,515
Derivative instruments		1,934			(1,934	)		-			-			-			-
GMIB reinsurance recoverable		451,274			(34,746	)		-			-			-			416,528
Liabilities
Embedded derivative liabilities	$	(2,078,051	)	$	857,058		$	-		$	-		$	-		$	(1,220,993	)
Derivative instruments		-			(3,765	)		-			-			-			(3,765	)
Funds held under reinsurance treaties (1)		(3,295,994	)		64,879			-			(54,003	)		-			(3,285,118	)

(1)  Represents fair value at acquisition date for beginning balance.

42

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The components of the amounts included in purchases, sales, issuances and settlements for years ended December 31, 2013 and 2012 shown above are as follows (in thousands):

December 31, 2013	Purchases		Sales			Issuances			Settlements			Total
Assets
Fixed maturities
Corporate securities	$	239	$	(11,645	)	$	-		$	-		$	(11,406	)
Residential mortgage-backed		-		(15	)		-			-			(15	)
Other asset-backed securities		-		(8,776	)		-			-			(8,776	)
Trading securities		625		(2,209	)		-			-			(1,584	)
Policy loans		-		-			226,647			(97,029	)		129,618
Limited partnerships		132,713		(294,814	)		-			-			(162,101	)
Total	$	133,577	$	(317,459	)	$	226,647		$	(97,029	)	$	(54,264	)
Liabilities
Funds held under reinsurance treaties	$	-	$	-		$	(341,662	)	$	224,869		$	(116,793	)
December 31, 2012	Purchases		Sales			Issuances			Settlements			Total
Assets
Fixed maturities
Corporate securities	$	35,745	$	(4,645	)	$	-		$	-		$	31,100
Residential mortgage-backed		31		-			-			-			31
Other asset-backed securities		-		(4,195	)		-			-			(4,195	)
Trading securities		166		(2,328	)		-			-			(2,162	)
Policy Loans		-		-			136,027			(20,148	)		115,879
Limited partnerships		234,440		(236,999	)		-			-			(2,559	)
Total	$	270,382	$	(248,167	)	$	136,027		$	(20,148	)	$	138,094
Liabilities
Funds held under reinsurance treaties	$	-	$	-		$	(172,025	)	$	118,022		$	(54,003	)

As a result of the Company being able to obtain pricing from an independent, third-party pricing service utilizing significant observable inputs, securities with a fair value of $34.4 million and $25.3 million were transferred from level 3 to level 2 during 2013 and 2012, respectively.  During 2013, the Company transferred securities with a fair value of $31.7 million from level 2 to level 3 as a result of the use of significant unobservable inputs as the Company was not able to obtain pricing from an independent, third-party price service.  There were no transfers between Level 1 and 2 of the fair value hierarchy in 2013 or 2012.

The portion of gains (losses) included in net income or other comprehensive income attributable to the change in unrealized gains and losses on Level 3 financial instruments still held at December 31, 2013 and 2012 was as follows (in thousands):

	2013			2012
Assets
Fixed maturities
Corporate securities	$	(1,013	)	$	4,646
Residential mortgage-backed		12			-
Other asset-backed securities		3,394			758
Trading securities		2,237			12,094
Limited partnerships		253,187			135,946
Derivative instruments		-			(1,934	)
GMIB reinsurance recoverable		(280,381	)		(34,746	)
Liabilities
Embedded derivative liabilities	$	2,160,217		$	857,058
Derivative instruments		-			(3,765	)
Funds held under reinsurance treaties		10,915			6,342

43

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Nonrecurring Fair Value Measurements

The table below presents the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value (in thousands).

		December 31, 2013				December 31, 2012
	Fair Value Hierarchy Level	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets
Commercial mortgage loans	Level 3	$	6,080,080	$	6,302,268	$	5,758,997	$	6,194,507
Policy loans	Level 3		1,345,879		1,345,879		1,379,455		1,379,455
Liabilities
Other contract holder funds
Annuity reserves (1)	Level 3	$	37,526,692	$	39,644,502	$	37,237,390	$	38,894,896
Reserves for guaranteed investment contracts	Level 3		1,840,191		1,840,641		1,123,971		1,138,699
Trust instruments supported by funding agreements	Level 3		803,688		821,224		1,341,408		1,372,165
Federal Home Loan Bank funding agreements	Level 3		1,773,829		1,773,014		1,801,108		1,802,855
Debt	Level 3		284,489		346,601		292,274		361,585
Securities lending payable	Level 2		95,754		95,754		153,747		153,747
Repurchase agreements	Level 2		415,271		415,271		-		-
(1) Annuity reserves represent only the components of deposits on investment contracts that are considered to be financial instruments.

Fair Value Option

As described in Note 2, in connection with the acquisition of REALIC, the Company elected the fair value option for certain assets, which are held as collateral for reinsurance.  Accordingly, the Company established a funds held liability, for which the Company also elected the fair value option.  The value of the funds held liability is equal to the fair value of the assets held as collateral.  The income and any changes in unrealized gains and losses on these assets and the corresponding funds held liability are included in net investment income and have no impact on the Company’s consolidated income statement.   Income and changes in unrealized gains and losses on other assets for which the Company has elected the fair value option are immaterial to the Company’s consolidated financial statements.

7.     Deferred Acquisition Costs and Deferred Sales Inducements

The balances of and changes in deferred acquisition costs, as of and for the years ended December 31 were as follows (in thousands):

	2013			2012			2011
Balance, beginning of year	$	4,822,587		$	4,395,174		$	4,170,644
Deferrals of acquisition costs		1,077,016			1,105,124			1,002,864
Amortization related to:
Operations		(544,047	)		(443,296	)		(622,469	)
Derivatives		217,606			147,992			225,568
Net realized gains		(14,905	)		(3,594	)		(12,304	)
Total amortization		(341,346	)		(298,898	)		(409,205	)
Unrealized investment gains (losses)		653,963			(378,813	)		(373,792	)
Other		-			-			4,663
Balance, end of year	$	6,212,220		$	4,822,587		$	4,395,174

44

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The balances of and changes in deferred sales inducements, which are reported in other assets, as of and for the years ended December 31 were as follows (in thousands):

	2013			2012			2011
Balance, beginning of year	$	560,141		$	602,486		$	451,096
Deferrals of sales inducements		55,735			171,393			183,517
Amortization related to:
Operations		(135,270	)		(131,317	)		(149,261	)
Derivatives		194,553			(12,796	)		183,744
Net realized gains		(2,555	)		(665	)		(1,241	)
Total amortization		56,728			(144,778	)		33,242
Unrealized investment gains (losses)		111,681			(68,960	)		(65,369	)
Balance, end of year	$	784,285		$	560,141		$	602,486

8. Reinsurance

The Company assumes and cedes reinsurance from and to other insurance companies in order to limit losses from large exposures; however, if the reinsurer is unable to meet its obligations, the originating issuer of the coverage retains the liability.  The Company reinsures certain of its risks to other reinsurers under a yearly renewable term, coinsurance, or modified coinsurance basis.  The Company monitors the financial strength rating of reinsurers on a monthly basis.

The Company has also acquired certain lines of business that are wholly ceded to non-affiliates.  These include both direct and assumed accident and health business, direct and assumed life insurance business, and certain institutional annuities.

Jackson’s GMIBs are reinsured with an unrelated party and, due to the net settlement provisions of the reinsurance agreement, meet the definition of a derivative.  Accordingly, the GMIB reinsurance agreement is recorded at fair value on the Company’s consolidated balance sheets, with changes in fair value recorded in other investment losses.

As a pre-closing condition to the acquisition, described in Note 3, and after receipt of all required regulatory approvals, REALIC entered into three retro treaties with SRZ.  Pursuant to these retro treaties, REALIC ceded to SRZ on a 100% coinsurance basis certain blocks of business written or assumed by REALIC.  These blocks of business include the disability income and accident and health business written or assumed by REALIC, a mix of life and annuity insurance business written or assumed by REALIC, and the corporate owned life insurance business assumed by REALIC.  The effective date of the three retrocession agreements was July 1, 2012.

Pursuant to the retro treaties, the Company holds certain assets, primarily in the form of policy loans and fixed maturities, as collateral.  This collateral is reported as funds held under reinsurance treaties on the consolidated balance sheet.  At December 31, 2013 and 2012, this funds held liability was $3.4 billion and $3.3 billion, respectively.

45

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The effect of reinsurance on premium was as follows (in thousands):

	Years Ended December 31,
	2013			2012			2011
Direct premium:
Life	$	668,878		$	411,112		$	257,015
Accident and health		70,214			28,989			3,020
Plus reinsurance assumed:
Life		66,242			28,233			12,728
Accident and health		13,602			4,765			860
Less reinsurance ceded:
Life		(429,499	)		(243,470	)		(109,407	)
Annuity guaranteed benefits		(18,850	)		(19,605	)		(20,526	)
Accident and health		(83,816	)		(33,754	)		(3,880	)
Total net premium	$	286,771		$	176,270		$	139,810

The effect of reinsurance on benefits was as follows (in thousands):

	Years Ended December 31,
	2013			2012			2011
Direct benefits
Life	$	1,331,828		$	939,727		$	668,546
Accident and health		142,827			55,005			1,598
Annuity guaranteed benefits		69,403			86,651			73,756
Plus reinsurance assumed:
Life		384,181			118,284			27,317
Accident and health		32,723			11,941			468
Less reinsurance ceded:
Life		(577,884	)		(292,834	)		(118,408	)
Accident and health		(175,550	)		(66,946	)		(2,066	)
Deferral of contract enhancements		(41,396	)		(157,931	)		(172,389	)
Change in reserves, net of reinsurance		(139,740	)		(79,683	)		106,474
Total benefits	$	1,026,392		$	614,214		$	585,296

Components of the Company’s reinsurance recoverable as of December 31 were as follows (in thousands):

	December 31,
	2013		2012
Reserves:
Life	$	7,141,785	$	7,144,675
Accident and health		1,440,996		896,942
Guaranteed minimum income benefits		136,147		416,528
Other annuity benefits		283,923		306,404
Claims liability		1,034,104		1,078,281
Other		9,790		34,078
Total	$	10,046,745	$	9,876,908

Included in the reinsurance recoverable were reserves ceded to Brooke Life of $42.1 million and $44.5 million at December 31, 2013 and 2012, respectively.  The largest amount ceded to any reinsurer at December 31, 2013 totaled $6.7 billion, which was primarily related to the retro treaties.

46

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The following table sets forth the Company’s net life insurance in-force (in millions):

	December 31,
	2013			2012
Direct life insurance in-force	$	266,587		$	285,991
Amounts assumed from other companies		24,733			26,619
Amounts ceded to other companies		(160,270	)		(171,667	)
Net life insurance in-force	$	131,050		$	140,943

Prior to the Company’s acquisition of REALIC, reserve requirements for certain term policies with a ceding insurer were in dispute between the ceding insurer and Swiss Re.  Under the terms of the purchase agreement, Jackson was obligated to continue the negotiations.  In October 2013, all parties agreed on a resolution, which resulted in the ceding insurer recapturing a portion of the business that was ceded to the Company, resulting in additional income of $10.9 million. 

9.      Reserves for Future Policy Benefits and Claims Payable and Other Contract Holder Funds

The following table sets forth the Company’s reserves for future policy benefits and claims payable balances as of December 31 (in thousands):

	2013		2012
Traditional life	$	13,626,250	$	13,299,494
Guarantee benefits		1,496,350		2,604,567
Claims payable		1,754,938		1,728,784
Other		270,512		345,403
Total	$	17,148,050	$	17,978,248

For traditional life insurance contracts, which include term and whole life, reserves are determined using the net level premium method and assumptions as of the issue date or acquisition date as to mortality, interest rates, persistency and expenses, plus provisions for adverse deviation.

The Company’s liability for future policy benefits also includes liabilities for guarantee benefits related to certain nontraditional long-duration life and annuity contracts, which are further discussed in Note 10.

The following table sets forth the Company’s liabilities for other contract holder funds balances as of December 31 (in thousands):

	2013		2012
Interest-sensitive life	$	9,487,111	$	9,705,271
Variable annuity fixed option		6,950,944		6,996,151
Fixed annuity		19,938,776		20,352,342
Fixed index annuity		12,678,535		11,507,614
GICs, funding agreements and FHLB advances		4,417,707		4,266,250
Total	$	53,473,073	$	52,827,628

For interest-sensitive life contracts, liabilities approximate the policyholder’s account value, plus the remaining balance of the fair value adjustment related to the REALIC acquired business, which is further discussed below.  The liability for fixed index annuities is based on two components, 1) the imputed value of the underlying guaranteed host contract, and 2) the fair value of the embedded option component of the contract.  For fixed annuities and other investment contracts, as detailed in the above table, the liability is the policyholder’s account value, plus the unamortized balance of the fair value adjustment related to the REALIC acquired business.  At December 31, 2013, the Company had interest sensitive life business with minimum guaranteed interest rates ranging from 2.5% to 6.0%, with a 4.65% average guaranteed rate and fixed interest rate annuities with minimum guaranteed rates ranging from 1.0% to 5.5% and a 2.48% average guaranteed rate.

47

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Upon acquisition of REALIC, the Company recorded a fair value adjustment related to certain annuity and interest sensitive liability blocks of business to reflect the cost of the interest guarantees within the inforce liabilities, based on the difference between the guaranteed interest rate and an assumed new money guaranteed interest rate. This adjustment was recorded in reserves for future policy benefits and claims payable. This component of the acquired reserve is reassessed at the end of each period, taking into account changes in the inforce block. Any resulting change in the reserve is recorded as a change in reserve through the consolidated income statement.

At December 31, 2013 and 2012, approximately 88% of the Company’s fixed interest rate annuity account values correspond to crediting rates that are at the minimum guaranteed interest rates.  The following tables show the distribution of the fixed interest rate annuities’ account values within the presented ranges of minimum guaranteed interest rates at December 31 (in millions):

	2013
Minimum Guaranteed Interest	Account Value
Rate	Fixed		Fixed Index		Variable		Total
1.0%	$	1,480.2	$	1,108.7	$	2,395.9	$	4,984.8
>1.0% - 2.0%		2,666.1		7,922.6		3,202.4		13,791.1
>2.0% - 3.0%		9,364.1		3,647.2		1,352.6		14,363.9
>3.0% - 4.0%		1,927.0		-		-		1,927.0
>4.0% - 5.0%		2,418.2		-		-		2,418.2
>5.0% - 5.5%		326.5		-		-		326.5
Total	$	18,182.1	$	12,678.5	$	6,950.9	$	37,811.5

	2012
Minimum Guaranteed Interest	Account Value
Rate	Fixed		Fixed Index		Variable		Total
1.0%	$	904.6	$	1,118.1	$	2,094.9	$	4,117.6
>1.0% - 2.0%		3,113.1		6,926.3		3,522.1		13,561.5
>2.0% - 3.0%		9,758.5		3,463.2		1,379.2		14,600.9
>3.0% - 4.0%		2,008.2		-		-		2,008.2
>4.0% - 5.0%		2,467.6		-		-		2,467.6
>5.0% - 5.5%		340.3		-		-		340.3
Total	$	18,592.3	$	11,507.6	$	6,996.2	$	37,096.1

At December 31, 2013 and 2012, approximately 82% and 83%, respectively, of the Company’s interest sensitive life business account values correspond to crediting rates that are at the minimum guaranteed interest rates.  The following table shows the distribution of the interest sensitive life business account values within the presented ranges of minimum guaranteed interest rates at December 31 (in millions):

Minimum Guaranteed Interest	Account Value - Interest Sensitive Life
Rate	2013		2012
>2.0% - 3.0%	$	301.0	$	298.1
>3.0% - 4.0%		3,613.5		3,479.5
>4.0% - 5.0%		3,160.0		3,407.8
>5.0% - 6.0%		2,412.6		2,519.9
Total	$	9,487.1	$	9,705.3

The Company has established a European Medium Term Note program, with up to $5.8 billion in aggregate principal amount outstanding at any one time.  Jackson National Life Funding, LLC was formed as a special purpose vehicle solely for the purpose of issuing Medium Term Note instruments to institutional investors, the proceeds of which are deposited with Jackson and secured by the issuance of funding agreements.  Carrying values totaled $0.2 billion and $0.6 billion at December 31, 2013 and 2012, respectively.

48

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The Company has established a $12.0 billion aggregate Global Medium Term Note program.  Jackson National Life Global Funding was formed as a statutory business trust, solely for the purpose of issuing Medium Term Note instruments to institutional investors, the proceeds of which are deposited with Jackson and secured by the issuance of funding agreements.  The carrying values at December 31, 2013 and 2012 totaled $0.6 billion and $0.8 billion, respectively.

Those Medium Term Note instruments issued in a foreign currency have been hedged for changes in exchange rates using cross-currency swaps.  The fair value of derivatives embedded in funding agreements, as well as unrealized foreign currency transaction gains and losses, are included in the carrying value of the trust instruments supported by funding agreements.

Trust instrument liabilities are adjusted to reflect the effects of foreign currency translation gains and losses using exchange rates as of the reporting date.  Foreign currency translation gains and losses are included in other investment losses.

Jackson and Squire Re are members of the FHLBI primarily for the purpose of participating in the bank’s mortgage-collateralized loan advance program with short-term and long-term funding facilities.  Advances are in the form of short-term or long-term notes or funding agreements issued to FHLBI.  At December 31, 2013 and 2012, the Company held $115.1 million of FHLBI capital stock, supporting $2.0 billion and $1.8 billion in funding agreements, short-term and long-term borrowing capacity in 2013 and 2012, respectively.

10.  Certain Nontraditional Long-Duration Contracts and Variable Annuity Guarantees

The Company issues variable contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contract holder (traditional variable annuities). The Company also issues variable annuity and life contracts through separate accounts where the Company contractually guarantees to the contract holder (variable contracts with guarantees) either a) return of no less than total deposits made to the contract adjusted for any partial withdrawals, b) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return, or c) the highest contract value on a specified anniversary date adjusted for any withdrawals following the contract anniversary. These guarantees include benefits that are payable in the event of death (GMDB), annuitization (GMIB), at specified dates during the accumulation period (GMWB) or at the end of a specified period (GMAB).

The assets supporting the variable portion of both traditional variable annuities and variable contracts with guarantees are carried at fair value and reported as summary total separate account assets with an equivalent summary total reported for separate account liabilities.  Liabilities for guaranteed benefits are general account obligations and are reported in reserves for future policy benefits and claims payable.  Amounts assessed against the contract holders for mortality, administrative, and other services are reported in revenue as fee income.  Changes in liabilities for minimum guarantees are reported within death, other policy benefits and change in policy reserves within the consolidated income statement with the exception of changes in embedded derivatives, which are included in other investment losses.  Separate account net investment income, net investment realized and unrealized gains and losses, and the related liability changes are offset within the same line item in the consolidated income statements.

49

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

At December 31, 2013 and 2012, the Company provided variable annuity contracts with guarantees, for which the net amount at risk (“NAR”) is the amount of guaranteed benefit in excess of current account value, as follows (dollars in millions):

										Average
										Period
									Weighted	until
December 31, 2013	Minimum			Account		Net Amount			Average	Expected
	Return			Value			at Risk		Attained Age	Annuitization
Return of net deposits plus a minimum return
GMDB		0-6	%	$	87,759.0		$	2,067.8	64.7 years
GMWB - Premium only		0	%		3,742.8			59.2
GMWB		0-5	%*		9,327.7			76.5
GMAB - Premium only		0	%		95.1			0.2
Highest specified anniversary account value minus withdrawals post-anniversary
GMDB					9,146.4			221.2	64.6 years
GMWB - Highest anniversary only					3,376.5			154.0
GMWB					1,187.4			103.5
Combination net deposits plus minimum return, highest specified anniversary account value minus withdrawals post-anniversary
GMDB		0-6	%		5,833.0			360.1	66.9 years
GMIB		0-6	%		2,720.0			524.5		2.4 years
GMWB		0-8	%*		67,753.3			1,754.8
										Average
										Period
									Weighted	until
December 31, 2012	Minimum			Account		Net Amount			Average	Expected
	Return			Value			at Risk		Attained Age	Annuitization
Return of net deposits plus a minimum return
GMDB		0-6	%	$	66,587.5		$	2,988.8	64.4 years
GMWB - Premium only		0	%		3,597.7			147.5
GMWB		0-5	%*		5,460.9			142.6
GMAB - Premium only		0	%		86.2			0.8
Highest specified anniversary account value minus withdrawals post-anniversary
GMDB					7,401.8			527.4	64.0 years
GMWB - Highest anniversary only					3,055.3			398.1
GMWB					1,132.8			222.9
Combination net deposits plus minimum return, highest specified anniversary account value minus withdrawals post-anniversary
GMDB		0-6	%		4,397.6			565.0	66.4 years
GMIB		0-6	%		2,581.6			762.4		3.3 years
GMWB		0-8	%*		50,662.2			3,117.2

* 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.

50

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Amounts shown as GMWB above include a ‘not-for-life’ component up to the point at which the guaranteed withdrawal benefit is exhausted, after which benefits paid are considered to be ‘for-life’ benefits.  The liability related to this ‘not-for-life’ portion is valued as an embedded derivative, while the ‘for-life’ benefits are valued as an insurance liability (see below).  For this table, the net amount at risk of the ‘not-for-life’ component is the undiscounted excess of the guaranteed withdrawal benefit over the account value, and that of the ‘for-life’ component is the estimated value of additional life contingent benefits paid after the guaranteed withdrawal benefit is exhausted.

Account balances of contracts with guarantees were invested in variable separate accounts as follows (in millions):

	December 31,
Fund type:	2013		2012
Equity	$	67,128.6	$	46,662.5
Bond		16,633.6		16,958.4
Balanced		17,884.1		13,620.7
Money market		1,164.1		1,184.5
Total	$	102,810.4	$	78,426.1

GMDB liabilities reflected in the general account were as follows (in millions):

	2013			2012
Balance at January 1	$	480.1		$	466.6
Incurred guaranteed benefits		167.5			100.2
Paid guaranteed benefits		(68.5	)		(86.7	)
Balance at December 31	$	579.1		$	480.1

The GMDB liability is determined by estimating the expected value of death benefits in excess of the projected account balance and recognizing the excess ratably over the accumulation period based on total expected assessments.  The Company regularly evaluates estimates used and adjusts the liability balance through the income statement, within death, other policy benefits and change in policy reserves, if actual experience or other evidence suggests that earlier assumptions should be revised.

The following assumptions and methodology were used to determine the GMDB liability at both December 31, 2013 and 2012 (except where otherwise noted):

1)    Use of a series of deterministic investment performance scenarios, based on historical average market volatility.

2)    Mean investment performance assumption of 7.4% (2012: 8.4%) after investment management fees, but before investment advisory fees and mortality and expense charges.

3)    Mortality equal to 63.0% to 100% of the Annuity 2000 table.

4)    Lapse rates varying by contract type, duration and degree the benefit is in-the-money and ranging from 0.5% to 40.0%, with an average of 4.0% during the surrender charge period and 9% thereafter in 2013 and 10% thereafter in 2012.

5)    Discount rates: 7.4% on 2013 issues, 8.4% on 2012 and prior issues; (2012: 8.4% all issue years).

Most GMWB reserves are considered to be derivatives under current accounting guidance and are recognized at fair value, with the change in fair value reported in net income.  The fair value of these liabilities is determined using stochastic modeling and inputs as further described in Note 6.  The fair valued GMWB had an asset value of $938.7 million at December 31, 2013 and was reported in other assets.   The fair valued GMWB had a reserve liability of $1,219.0 million at December 31, 2012, and was reported in reserves for future policy benefits and claims payable.

Jackson has also issued certain GMWB products that guarantee payments over a lifetime.  Reserves for the portion of these benefits after the point where the guaranteed withdrawal balance is exhausted are calculated similar to the GMDB liability with the sole exception that the reserve calculation uses a series of stochastic investment performance scenarios.  At December 31, 2013 and 2012, these GMWB reserves totaled $9.7 million and $21.2 million, respectively, and were reported in reserves for future policy benefits and claims payable.

51

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

GMAB benefits were offered on some variable annuity plans.  However, the Company no longer offers these benefits.  At December 31, 2013 and 2012, the asset value was $0.5 million and the reserve liability was $2.0 million, respectively.

The direct GMIB liability is determined at each period end by estimating the expected value of the annuitization benefits in excess of the projected account balance at the date of annuitization and recognizing the excess ratably over the accumulation period based on total expected assessments.  The Company regularly evaluates estimates used and adjusts the liability balance through the income statement within death, other policy benefits and change in policy reserves, if actual experience or other evidence suggests that earlier assumptions should be revised.  The assumptions used for calculating the direct GMIB liability at December 31, 2013 and 2012 are consistent with those used for calculating the GMDB liability.  At December 31, 2013 and 2012, GMIB reserves before reinsurance totaled $20.7 million and $16.3 million, respectively.

Other Liabilities – Insurance and Annuitization Benefits

The Company has established additional reserves for life insurance business for universal life (“UL”) plans with secondary guarantees, interest-sensitive life (“ISWL”) plans that exhibit “profits followed by loss” patterns and account balance adjustments to tabular guaranteed cash values on one interest-sensitive life plan.  The Company also has a small closed block of two-tier annuities, where different crediting rates are used for annuitization and surrender benefit calculations.  A liability is established to cover future annuitization benefits in excess of surrender values.  The total liability for this block is the surrender value, plus the annuitization reserve.

Liabilities for these benefits have been established according to the methodologies described below:

	December 31, 2013					December 31, 2012
Benefit Type	Liability (in millions)		Net Amount at Risk (in millions)		Weighted Average Attained Age	Liability (in millions)		Net Amount at Risk (in millions)		Weighted Average Attained Age
UL insurance benefit *	$	793.3	$	29,865.8	58.8 years	$	785.6	$	31,610.5	58.1 years
Two-tier annuitization		2.9		23.6	65.5 years		3.5		26.8	65.2 years
ISWL account balance adjustment		90.8		n/a	n/a		78.9		n/a	n/a

* Amounts for the UL benefits are for the total of the plans containing any policies having projected non-zero excess benefits, and thus may include some policies with zero projected excess benefits.

The following assumptions and methodology were used to determine the UL insurance benefit liability at December 31, 2013 and 2012:

1)    Use of a series of deterministic premium persistency scenarios.

2)    Other experience assumptions similar to those used in amortization of deferred acquisition costs.

3)    Discount rates equal to the credited interest rates, approximately 4.0% to 5.5% projected.

The following assumptions and methodology were used to determine the two-tier annuitization benefit liability at December 31, 2013 and 2012:

1)    Use of a series of deterministic scenarios, varying by surrender rate and annuitization rate.

2)    Other experience assumptions similar to those used in amortization of deferred acquisition costs.

3)    Discount rates are equal to credited interest rates, approximately 3.0% to 4.0%.

52

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

11.  Debt

The aggregate carrying value of borrowings was as follows (in thousands):

	2013		2012
Surplus notes	$	249,401	$	249,377
Mortgage loans		30,088		30,397
VIE related borrowings		-		2,500
FHLBI mortgage loan		5,000		10,000
Total	$	284,489	$	292,274
Due in less than 1 year	$	5,000
Due in more than 1 to 5 years		30,088
Due after 5 years		249,401
Total	$	284,489

Surplus notes

On March 15, 1997, the Company issued 8.15% surplus notes in the principal amount of $250.0 million due March 15, 2027.  These surplus notes were issued pursuant to Rule 144A under the Securities Act of 1933, and are unsecured and subordinated to all present and future indebtedness, policy claims and other creditor claims and may not be redeemed at the option of the Company or any holder prior to maturity.

Under Michigan Insurance Law, for statutory reporting purposes, the surplus notes are not part of the legal liabilities of the Company and are considered surplus funds.  Payments of interest or principal may only be made with the prior approval of the commissioner of insurance of the state of Michigan and only out of surplus earnings which the commissioner determines to be available for such payments under Michigan Insurance Law.  Interest is payable semi-annually on March 15th and September 15th of each year.  Interest expense on the notes was $20.4 million in 2013, 2012, and 2011.

Mortgage loans

At December 31, 2013 and 2012, certain consolidated real estate VIEs had outstanding mortgage loans with a weighted average interest rate of 4.4%, with maturities through 2016.  Interest expense totaled $1.3 million, $1.4 million, and $1.4 million in 2013, 2012, and 2011, respectively.

VIE related borrowings

Certain of the Company’s VIEs have “equity” classes issued in the form of non-investment grade debt.  Accordingly, these equity classes are classified as notes payable rather than minority interest in the consolidated balance sheets.  These notes accrue contingent interest expense in addition to the stated coupon.  The outstanding notes were paid off in conjunction with the termination of the VIE in August 2013.  The outstanding principal amount accrued interest at a weighted average interest rate of 5.7% prior to termination in 2013 and 5.3% at December 31, 2012.  Interest expense on the notes in 2013, 2012, and 2011 totaled $0.1 million, $0.1 million, and $0.2 million, respectively.

Federal Home Loan Bank Mortgage Loan

In 2010, the Company received a mortgage loan from the FHLBI, under its community investment program.  The loan accrues interest at 1.04% and the outstanding balance was $5.0 million and $10.0 million at December 31, 2013 and 2012, respectively.  Interest expense totaled $57 thousand, $0.1 million, and $0.2 million during 2013, 2012, and 2011, respectively.  At December 31, 2013, the mortgage loan was collateralized by real estate with a carrying value of $20.0 million.

12.  Federal Home Loan Bank Advances

The Company entered into a short-term advance program with the FHLBI in which interest rates were either fixed or variable based on the FHLBI cost of funds or market rates.  Advances of $200.0 million were outstanding at December 31, 2013 and were recorded in other liabilities.  There were no advances outstanding at December 31, 2012.  The Company paid interest of $0.1 million and $0.3 million on such advances in 2013 and 2012, respectively.  

53

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The Company drew an advance in December 2011, and paid no interest during 2011.  At December 31, 2013, advances were collateralized by mortgage-related securities with a value of $215.6 million.

13.  Income Taxes

The components of the provision for federal, state and local income taxes were as follows (in thousands):

	Years Ended December 31,
	2013			2012		2011
Current tax (benefit) expense	$	(110,081	)	$	302,110	$	58,481
Deferred tax expense		277,078			53,323		153,591
Federal income tax expense	$	166,997		$	355,433	$	212,072

The federal income tax provisions differ from the amounts determined by multiplying pre-tax income attributable to Jackson by the statutory federal income tax rate of 35% for 2013, 2012 and 2011 as follows (in thousands):

	Years Ended December 31,
	2013			2012			2011
Income taxes at statutory rate	$	324,491		$	452,615		$	276,431
Dividends received deduction		(136,844	)		(107,412	)		(59,136	)
Other		(20,650	)		10,230			(5,223	)
Federal income tax expense	$	166,997		$	355,433		$	212,072
Effective tax rate		18.0	%		27.5	%		26.9	%

Federal income tax refunded in 2013 was $241.9 million, and federal income taxes paid in 2012 and 2011 were $241.2 million and $170.0 million, respectively.

The tax effects of significant temporary differences that gave rise to deferred tax assets and liabilities were as follows (in thousands):

	December 31,
	2013			2012
Gross deferred tax asset
Difference between financial reporting and the tax basis of:
Policy reserves and other insurance items	$	2,807,663		$	3,120,346
Other-than-temporary impairments and other investment items		107,736			76,647
Deferred compensation		62,302			48,067
Net operating loss carryforward		89,696			53,803
Other, net		28,847			74,173
Total gross deferred tax asset		3,096,244			3,373,036
Gross deferred tax liability
Difference between financial reporting and the tax basis of:
Deferred acquisition costs and sales inducements		(2,034,230	)		(1,465,119	)
Other investment items		-			(315,416	)
Net unrealized gains on available for sale securities		(925,387	)		(2,063,272	)
Other, net		(26,234	)		(20,799	)
Total gross deferred tax liability		(2,985,851	)		(3,864,606	)
Net deferred tax asset (liability)	$	110,393		$	(491,570	)

The Company is required to evaluate the recoverability of its deferred tax assets and establish a valuation allowance, if necessary, to reduce its deferred tax asset to an amount that is more likely than not to be realizable.  Considerable

54

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

judgment and the use of estimates are required when determining whether a valuation allowance is necessary and, if so, the amount of such valuation allowance.  When evaluating the need for a valuation allowance, the Company considers many factors, including: the nature and character of the deferred tax assets and liabilities; taxable income in prior carryback years; future reversals of temporary differences; the length of time carryovers can be utilized; and any tax planning strategies the Company would employ to avoid a tax benefit from expiring unused.  Although realization is not assured, management believes as of December 31, 2013, it is more likely than not that the deferred tax assets, will be realized.  At December 31, 2013 and 2012, the Company did not have a valuation allowance.

At December 31, 2013, the Company had a federal tax ordinary loss carryforward of $256.3 million which begins to expire in 2026, that was attributable to the Company’s acquisition of REALIC.  Section 382 of the Internal Revenue Code imposes limitations on the utilization of net operating loss carryforwards.  The Section 382 limitation is an annual limitation on the amount of pre-acquisition NOLs that a corporation may use to offset post-acquisition income. Section 382 further limits certain unrealized built-in losses at the time of acquisition. The annual limitation is approximately $21.0 million.

In 2007, the Internal Revenue Service (“IRS”) issued Revenue Ruling 2007-54 that would have changed accepted industry and IRS interpretations of the statutes governing the computation of the Dividends Received Deduction (“DRD”) on separate account assets held in connection with variable annuity and life contracts, but that ruling was suspended by Revenue Ruling 2007-61.  Revenue Ruling 2007-61 also announced the Treasury Department’s and the IRS’s intention to issue regulations with respect to certain computational aspects of the DRD on separate account assets held in connection with variable contracts.  In February 2014, the IRS issued Revenue Ruling 2014-7, which merely republishes the first noncontroversial holding of Revenue 2007-54 regarding the amount of life insurance reserves taken into account for tax purposes for a variable annuity when some or all of the reserves are part of the Company’s separate account reserves.  The new revenue ruling modifies and supersedes Revenue Ruling 2007-54, which effectively revokes the second controversial holding of Revenue Ruling 2007-54 that had a negative impact on DRD computations.  The new ruling also states that Revenue Ruling 2007-61 is obsolete.  This administrative action does not foreclose future regulations on the computation of the Company’s share of the DRD.  However, it is likely that any regulations that the IRS proposes for issuance in this area will be subject to public notice and comment, at which time insurance companies and other interested parties will have the opportunity to raise legal and practical questions about the content, scope and application of such regulations.  Although regulations that represent a substantial change in an interpretation of the law are generally given a prospective effective date, there is no assurance that the change will not be retrospectively applied.  As a result, depending on the ultimate timing and substance of any such regulations, which are unknown at this time, such future regulations could result in the elimination of some or all of the separate account DRD tax benefit that the Company receives.  In January 2010, Jackson received a formal Notice of Assessment from the IRS disallowing the separate account DRD for 2003, 2005 and 2006.  Jackson did not agree with the assessment and filed a protest with the Appellate Division of the IRS.  In February 2013, the IRS fully conceded the separate account DRD issue in favor of the Company after obtaining approval from the Joint Committee on Taxation.

In February 2012, Brooke Life received a Notice of Proposed Adjustment from the IRS, regarding an assessment related to its tax treatment of interest expense on intercompany debt in 2007 and 2008.  Due to the intercompany tax sharing agreement, the effect of an adjustment, if any, would impact Jackson’s total stockholder’s equity.  The total aggregate exposure to the Company’s stockholder’s equity is approximately $204.0 million.  Brooke Life did not agree with the assessment, believed its current position was sustainable and filed a protest with the Appellate Division of the IRS.  In February 2013, the IRS fully conceded the debt/equity issue for years under examination in favor of the Company, subject to approval by the Joint Committee on Taxation.

During 2011, Jackson established a reserve for an unrecognized tax benefit as required for income tax uncertainties.  The reserve was reduced in 2012 due to the issuance of new IRS guidance, and no such reserve existed for the years ended December 31, 2013 and 2012.

The Company has considered both permanent and temporary positions in determining the unrecognized tax benefit rollforward.  The total amount of unrecognized benefits represent tax positions for which there is uncertainty about the timing of certain deductions.  The timing of such deductions would not affect the annual effective tax rate, excluding the impact of interest and penalties.

55

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

Interest totaling $10.4 million related to these unrecognized tax benefits has been included in income tax expense in the consolidated income statement for 2011.  The Company has not recorded any amounts for penalties related to unrecognized tax benefits during 2013, 2012, or 2011.

Based on information available as of December 31, 2013, the Company believes that, in the next 12 months, there are no positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease.

14.  Commitments, Contingencies, and Guarantees

The Company and its subsidiaries are involved in litigation arising in the ordinary course of business.  It is the opinion of management that the ultimate disposition of such litigation will not have a material adverse affect on the Company’s financial condition.  Jackson has been named in civil litigation proceedings, which appear to be substantially similar to other class action litigation brought against many life insurers including a modal premium case and allegations of misconduct in the sale of insurance products.  The Company accrues for legal contingencies once the contingency is deemed to be probable and reasonably estimable.  At December 31, 2013 and 2012, Jackson recorded accruals totaling $18.4 million and $32.9 million, respectively.

State guaranty funds provide payments for policyholders of insolvent life insurance companies.  These guaranty funds are financed by assessing solvent insurance companies based on location, volume and types of business. The Company estimated its reserve for future state guaranty fund assessments based on data received from the National Organization of Life and Health Insurance Guaranty Associations.  Based on data received, the Company’s reserve for future state guaranty fund assessments was $21.7 million and $43.1 million at the end of 2013 and 2012, respectively.  Related premium tax offsets were $9.1 million and $19.7 million at December 31, 2013 and 2012, respectively.  While Jackson cannot predict the amount and timing of any future assessments, the Company believes the reserve is adequate for all anticipated payments for known insolvencies.

At December 31, 2013, the Company had unfunded commitments related to its investments in limited partnerships and limited liability companies totaling $493.1 million.  At December 31, 2013, unfunded fixed-rate commercial mortgage loan commitments totaled $218.2 million.

The Company has received regulatory inquiries on an industry-wide matter relating to claims settlement practices and compliance with unclaimed property laws.  Concurrently, some regulators and state legislatures have required life insurance companies to take additional steps to identify unreported deceased policy and contract holders.  Additionally, certain states are contracting with independent firms to perform specific unclaimed property audits or targeted market conduct examinations covering claims settlement practices and procedures for escheating unclaimed property.  Any regulatory audits, related examination activity and internal reviews may result in additional payments to beneficiaries, escheatment of funds deemed abandoned under state laws, administrative penalties and changes in the Company’s procedures for the identification of unreported claims and handling of escheatable property.

Jackson continually reviews its entire policy master file compared to vendors’ databases of known deaths.  At December 31, 2013 and 2012, Jackson accrued $21.1 million and $28.0 million, respectively, for estimated remaining claims that have not yet been positively identified and any potential regulatory assessments.

The Company has two separate service agreements with third party administrators to provide policyholder administrative services.  These agreements, subject to certain termination provisions, have ten-year periods and expire in 2019 and 2020.

56

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The Company leases office space, land and equipment under several operating leases that expire at various dates through 2051.  Certain leases include escalating lease rates, lease abatements and other incentives and, as a result, at December 31, 2013, Jackson recorded a liability of $9.9 million for future lease payments.  Lease expense was $30.7 million, $28.1 million, and $25.2 million in 2013, 2012, and 2011, respectively.  At December 31, 2013, future minimum payments under these noncancellable operating leases were as follows (in thousands):

2014	$	19,028
2015		17,717
2016		14,924
2017		8,606
2018		7,307
Thereafter		20,602
Total	$	88,184

15.   Share-Based Compensation

Certain officers participate in various share award plans relating to Prudential shares and/or American Depositary Receipts (“ADR’s”) that are tradable on the New York Stock Exchange and are described below.

The Group Performance Share Plan (“GPSP”) is a Prudential incentive plan in which all executive directors of Prudential and other senior executives can participate.  Awards are granted in the form of a nil cost option with a vesting period of three years.  The performance measure for the awards is that Prudential’s Total Shareholder Return (“TSR”) outperforms an index comprised of peer companies over a three-year period.  Vesting of the awards between each performance period is on a straight line sliding scale basis ranging from 0% (less than the peer index TSR return) to 100% (more than 120% of the peer index TSR return).  Participants are entitled to the value of reinvested dividends that would have accrued on the shares that vest.

The Business Unit Performance Plan (“BUPP”) is a Prudential incentive plan created to provide a common framework under which awards would be made to Chief Executive Officers (“CEO”) of Prudential’s business units.  Awards under this nil cost plan for Jackson’s CEO are based on compound annual growth in Jackson Shareholder Capital Value on a European Embedded Value (“EEV”) basis with performance measured over three years.   Awards granted in 2009 and later are settled in ADR’s after vesting.  Participants are entitled to receive the value of reinvested dividends over the performance period for those shares/ADR’s that vest.  The compound annual growth parameters for the awards are based on factors relevant to the U.S. business and vesting between each performance point is on a straight line sliding scale basis ranging from 0% (less than 8% growth) to 100% (more than 12% growth).

In 2011, the Company granted one-off type retention awards to certain key senior executives within Jackson.  These awards were subject to the prior approval of the Jackson Remuneration Committee and are nil cost options with a contingent right to receive Prudential ADR’s.  The awards are contingent upon continued employment of the recipient through the award vesting date.  There are no performance measurements with these awards.

The Company classifies all of the above plans as equity settled plans and, therefore, reflects the net reserve related to the compensation expense and the value of the shares distributed under this plan within the statement of equity.  At December 31, 2013 and 2012, the Company had $18.4 million and $12.9 million, respectively, reserved for future payments under these plans.

The Company also has a performance-related share award plan which, subject to the prior approval of the Jackson Remuneration Committee, may grant share awards to eligible employees in the form of a contingent right to receive Prudential ADR’s, or a conditional allocation of Prudential ADR’s.  These share awards are based on the compound annual EEV imputed growth in shareholder value of the U.S. business, have vesting periods of four years and are at nil cost to the employee.  Share awards vest between 0% (less than 8% growth) and 150% (more than 17.5% growth) of the grant amounts dependent on the compound annual growth rate attained over the performance period.  Award holders do not have any right to dividends or voting rights attached to the ADR’s granted during the performance

57

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

period.  In 2013, this plan was replaced by the Prudential Long-Term Incentive Plan (“PLTIP”) as further described below.

The PLTIP is a Prudential incentive plan, implemented in 2013, in which the Company may grant share awards to eligible employees in the form of a contingent right to receive Prudential ADR’s, or a conditional allocation of Prudential ADR’s, subject to the prior approval of the Jackson Remuneration Committee.  These share awards vest based on the achievement of planned IFRS pretax operating income for the U.S. business, have vesting periods of three years and are at nil cost to the employee.  Share awards vest between 0% (less than 90% of plan) and 100% (more than 110% of plan) of the grant amounts dependent on IFRS pretax operating income attained over the performance period.  Award holders do not have any right to dividends or voting rights attached to the ADR’s granted during the performance period.  Upon vesting, a number of ADRs equivalent to the value of dividends that otherwise would have been received over the performance period are added to vested awards.

The Company classifies these plans as liability settled plans and, therefore, reflects the accrued compensation expense and the value of the shares distributed under the plans within other liabilities.  At December 31, 2013 and 2012, the Company had $31.3 million and $23.9 million, respectively, accrued for future payments under these plans.

The Company either acquires shares/ADR’s or reimburses Prudential for the costs of any shares/ADR’s that were distributed to participants in the above plans, or may be distributed in the future.   The shares/ADR’s acquired for all the share-award plans are held at cost in a trust account for future distributions.  The Company reflects the costs of shares/ADR’s held within the consolidated statement of equity as shares held in trust.  At December 31, 2013 and 2012, the Company had $22.8 million and $25.1 million of shares/ADR’s held at cost in the trust, respectively.

The Company recognizes share-based compensation expense associated with the equity settled plans based on the grant-date award fair value as determined using either the Black-Scholes model or the Monte Carlo model ratably over the requisite service period of each individual grant, which generally equals the vesting period.   For the liability settled share award plans, compensation expense is recognized based on the change in fair value of the award at the end of each reporting period due to the plans’ cash settlement alternatives.

Total expense related to these share-based performance related compensation plans was as follows (in millions):

	For the Years Ended December 31,
	2013		2012		2011
Group Performance Share Plan	$	4.9	$	8.0	$	2.3
Business Unit Performance Plan		5.0		7.2		3.7
Retention Share Plan		3.2		2.0		1.5
Jackson performance plan		16.8		15.8		4.3
Prudential LTIP plan		10.0		-		-
Total compensation expense related to incentive plans	$	39.9	$	33.0	$	11.8
Income tax benefit	$	14.0	$	11.5	$	4.1

The total unrecognized compensation expense related to all share-based plans at December 31, 2013 was $50.6 million with a weighted average remaining period of 2.18 years.

At December 31, 2013, there were no new grants under the GPSP, BUPP, retention or performance plans.

58

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

The weighted average share/ADR fair values of share-based awards granted by plan during 2013, 2012 and 2011 were as follows:

	2013		2012		2011
Weighted Average Fair Value:
Group Performance Share Plan	$	-	$	12.11	$	12.84
Business Unit Performance Plan	$	-	$	20.89	$	21.89
Jackson performance plan	$	-	$	24.24	$	23.27
Prudential LTIP plan	$	32.55	$	-	$	-

The weighted average fair value for the Company’s performance awards represents the average Prudential ADR price for the thirty days following Prudential’s unaudited annual earnings release date.  The fair value amounts relating to the equity settled plans were determined using either the Black-Scholes or Monte Carlo option-pricing models.   These models are used to calculate fair values for options and awards at the grant date based on the quoted market price of the stock at the measurement date, the dividend yield, expected volatility, risk-free interest rates and expected term.   The following assumptions were used in 2012 and 2011 in determining the GPSP fair value:

	2012			2011
Dividend yield		3.63	%		3.33	%
Expected volatility		32.80	%		28.80	%
Risk-free interest rate		0.30	%		1.33	%
Expected life		3 year	s		3 year	s
Weighted average share price	$	12.1	1	$	12.8	4

The expected volatility is measured as the standard deviation of expected share price returns based on statistical analysis of daily share prices over a period up to the grant date equal to the expected life of the options.  Risk-free interest rates are United Kingdom gilt rates with projections for three-year terms to match corresponding vesting periods.  Dividend yield is determined as the average yield over the year of the grant and expected dividends are not incorporated into the measurement of fair value.  For the GPSP, volatility and correlation between Prudential and an index constructed from a simple average of the Total Shareholder Return growth of ten companies is required.  Changes to the subjective input assumptions could materially affect the fair value estimate.  At December 31, 2013 and 2012, there were no outstanding non-vested Prudential shares granted.

Outstanding non-vested Prudential ADR’s granted were as follows:

	GPSP				BUPP				Performance Award Plan				Prudential LTIP plan
	ADR’s		Weighted Average Grant Date Fair Value		ADR’s		Weighted Average Grant Date Fair Value		ADR’s		Weighted Average Grant Date Fair Value		ADR’s		Weighted Average Grant Date Fair Value
At December 31, 2011		484,283	$	10.10		484,283	$	16.25		985,359	$	16.51		-	$	-
Granted		99,628		12.11		99,628		20.89		162,121		24.24		-		-
Exercised		234,238		10.08		219,598		14.35		220,710		22.73		-		-
Lapsed/Forfeited		-		-		14,640		14.35		77,753		18.49		-		-
At December 31, 2012		349,673		10.68		349,673		18.83		849,017		16.19		-		-
Granted		-		-		-		-		-		-		1,395,667		32.55
Exercised		100,813		8.33		100,813		15.48		346,957		10.31		-		-
Lapsed/Forfeited		50,408		8.33		50,408		15.48		25,036		21.19		19,444		32.14
At December 31, 2013		198,452	$	12.47		198,452	$	21.39		477,024	$	20.21		1,376,223	$	32.56

At December 31, 2013, there were 232,170 non-vested Prudential ADR grants related to the one-off retention award plan, with a weighted average grant date price of $19.42.

59

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

16.   Statutory Accounting Capital and Surplus

The Company is required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the insurance department of the state of domicile.  Statutory accounting practices primarily differ from GAAP by charging policy acquisition costs to expense as incurred and establishing future policy benefit liabilities using different actuarial assumptions, as well as valuing investments and certain assets and accounting for deferred income taxes on a different basis.

Under Michigan Insurance Law, while Jackson must provide notification to the Michigan commissioner of insurance prior to payment of any dividend, ordinary dividends on capital stock may only be distributed out of earned surplus, excluding any unrealized capital gains and the effect of permitted practices (referred to as adjusted earned surplus).  At December 31, 2013, the adjusted earned surplus of the Company was $855.6 million.  Ordinary dividends are also limited to the greater of 10% of statutory surplus as of the preceding year-end, excluding any increase arising from the application of permitted practices, or the statutory net income, excluding any net realized investment gains, for the twelve month period ended on the preceding December 31.  The commissioner may approve payment of dividends in excess of these amounts, which would be deemed an extraordinary dividend.  The maximum amount that would qualify as an ordinary dividend, which would consequently be free from restriction and available for payment of dividends to Brooke Life in 2014, is estimated to be $723.5 million, subject to the availability of adjusted earned surplus as of the dividend date.

The Company received capital contributions from its parent of $35.1 million, $36.0 million, and $19.4 million in 2013, 2012, and 2011, respectively, from Brooke Life’s forgiveness of intercompany tax liabilities.  Dividend payments from the Company to its parent were $507.0 million, $400.0 million, and $530.0 million in 2013, 2012, and 2011, respectively.

Statutory capital and surplus of the Company, as reported in its Annual Statement, was $4.4 billion and $4.3 billion at December 31, 2013 and 2012, respectively.  Statutory net income (loss) of the Company, as reported in its Annual Statement, was $741.3 million, $847.2 million, and $(453.2) million in 2013, 2012, and 2011, respectively.

The commissioner has granted Jackson a permitted practice that allows Jackson to carry interest rate swaps at book value, as if the requirements for statutory hedge accounting were in place, instead of at fair value as would have been otherwise required.  Jackson is required to demonstrate the effectiveness of its interest rate swap program pursuant to the Michigan Insurance Code.  This permitted practice expires on October 1, 2014.  At December 31, 2013 and 2012, the effect of the permitted practice increased (decreased) statutory surplus by $1.2 million and $(580.5) million, net of tax, respectively.  The permitted practice had no impact on statutory net income.

Under Michigan Insurance Law, VOBA is reported as an admitted asset if certain criteria are met. In relation to the acquisition of REALIC and pursuant to Michigan Insurance Law, the Company reported $425.8 million and $470.1 million of statutory basis VOBA at December 31, 2013 and 2012, respectively, which is fully admissible.  Accordingly, the acquisition had no impact on the Company’s statutory basis capital and surplus.

The NAIC has developed certain risk-based capital (“RBC”) requirements for life insurance companies.  Under those requirements, compliance is determined by a ratio of a company’s total adjusted capital, calculated in a manner prescribed by the NAIC (“TAC”) to its authorized control level RBC, calculated in a manner prescribed by the NAIC (“ACL RBC”).  Companies below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action. The minimum level of TAC before corrective action commences is twice ACL RBC (“Company action level RBC”).    At December 31, 2013, the Company’s TAC was more than 400% of the Company action level RBC.

In addition, on the basis of statutory financial statements that insurers file with the state insurance regulators, the NAIC annually calculates twelve financial ratios to assist state regulators in monitoring the financial condition of insurance companies.  A usual range of results for each ratio is used as a benchmark and departure from the usual range on four or more of the ratios can lead to inquiries from individual state insurance departments.  In 2013 and 2012, there were no significant exceptions with any ratios.

60

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

17. Other Related Party Transactions

The Company’s investment portfolio is managed by PPM America, Inc. (“PPMA”), a registered investment advisor, and PPM Finance, Inc. (collectively, “PPM”).  PPM is ultimately a wholly owned subsidiary of Prudential.  The Company paid $45.7 million, $38.7 million, and $36.6 million to PPM for investment advisory services during 2013, 2012, and 2011, respectively.

National Planning Holdings, Inc. (“NPH”), Jackson’s affiliated broker-dealer network, distributes products issued by Jackson and receives commissions and fees from Jackson.  Commissions and fees paid by Jackson to NPH during 2013, 2012, and 2011 totaled $102.1 million, $99.6 million, and $94.7 million, respectively.

Jackson has entered into shared services administrative agreements with both NPH and PPMA.  Under the shared services administrative agreements, Jackson charged $7.1 million, $7.3 million, and $8.5 million of certain management and corporate services costs to these affiliates in 2013, 2012, and 2011, respectively.

Jackson provides a $40.0 million revolving credit facility to Nicole Finance, Inc., an upstream holding company.  The loan, executed in 2011, is unsecured, matures in December 2016, accrues interest at 1.27% per annum and has a commitment fee of 0.10% per annum.  There was $9.5 million and $26.0 million outstanding at December 31, 2013 and 2012, respectively.  The highest outstanding loan balance during 2013 and 2012 was $26.0 million.  During 2013, 2012, and 2011, interest and commitment fees totaled $0.2 million, $0.2 million, and $9 thousand, respectively.

Jackson provides a $40.0 million revolving credit facility to PPMA.  The loan is unsecured, matures in September 2018, accrues interest at LIBOR plus 2% per annum and has a commitment fee of 0.25% per annum.  There was no balance outstanding at December 31, 2013 or 2012.  The highest outstanding loan balance during 2013 and 2012 was nil and $1.0 million, respectively.  During 2013, 2012, and 2011, interest and commitment fees totaled $0.1 million, $0.1 million, and $0.1 million, respectively.

Jackson provides a $20.0 million revolving credit facility to Brooke Holdings, LLC, an upstream holding company.  The loan is unsecured, matures in June 2014, accrues interest at LIBOR plus 2% per annum and has a commitment fee of 0.25% per annum.  There was no outstanding balance at December 31, 2013 and 2012.  The highest outstanding loan balance during 2013 and 2012 was nil  and $7.0 million, respectively.  Interest and commitment fees totaled $0.1 million, $0.1 million, and $0.2 million during 2013, 2012, and 2011, respectively.

Jackson provides, through its PGDS subsidiary, information technology services to certain Prudential affiliates.  Jackson recognized $20.2 million, $21.6 million, and $21.1 million of revenue associated with these services during 2013, 2012, and 2011, respectively.  This revenue is included in other income in the accompanying consolidated income statement.  This revenue is substantially equal to the costs incurred by PGDS to provide the services, which are reported in general and administrative expenses in the consolidated income statements.

18. Benefit Plans

The Company has a defined contribution retirement plan covering substantially all employees and certain affiliates.  To be eligible to participate in the Company’s contribution, an employee must have attained the age of 21, completed at least 1,000 hours of service in a 12-month period and passed their 12-month employment anniversary.  In addition, the employee must be employed on the applicable January 1 or July 1 entry date.  The Company’s annual contributions, as declared by the board of directors, are based on a percentage of eligible compensation paid to participating employees during the year.  In addition, the Company matches a participant’s elective contribution, up to 6 percent of eligible compensation, to the plan during the year.  The Company’s expense related to this plan was $25.4 million, $20.9 million, and $18.0 million in 2013, 2012, and 2011, respectively.

The Company maintains non-qualified voluntary deferred compensation plans for certain agents and employees.  At December 31, 2013 and 2012, the liability for such plans totaled $186.6 million and $130.9 million, respectively, and is reported in other liabilities.  Jackson invests in selected mutual funds in amounts similar to participant elections as a hedge against significant movement in the payout liability.  The Company’s expense related to these plans, including a match of elective deferrals for the agents’ deferred compensation plan, was $56.4 million, $25.5 million,

61

Jackson National Life Insurance Company and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2013 and 2012

and $3.6 million in 2013, 2012, and 2011, respectively.  Investment income (loss) from the mutual funds totaled $40.7 million, $18.9 million, and $(3.7) million in 2013, 2012, and 2011, respectively.

With the acquisition of SRLC, Jackson acquired liabilities related to certain benefit plans which included the Southwestern Life Holdings, Inc. Retiree Benefit Plan, the American Merchants Life Insurance Co. Retiree Benefit Plan, the PennCorp Financial Group, Inc. Retirement and Savings Plan, and the GMAC/Integon obligation.  The net liability for these acquired benefit plans was $6.1 million and $8.7 million at December 31, 2013 and 2012, respectively.

19.  Operating Costs and Other Expenses

The following table is a summary of the Company’s operating costs and other expenses (in thousands):

	For the Years Ended December 31,
	2013			2012			2011
Commission expenses	$	1,752,884		$	1,646,678		$	1,422,681
General and administrative expenses		804,851			709,690			586,130
Deferral of policy acquisition costs		(1,077,016	)		(1,105,124	)		(1,002,864	)
Total operating costs and other expenses	$	1,480,719		$	1,251,244		$	1,005,947

20.  Reclassifications Out of Accumulated Other Comprehensive Income

The following table represents changes in the balance of AOCI, net of income tax, related to unrealized investment gains (losses) (in thousands):

	December 31,
	2013
Balance, beginning of year	$	2,107,631
OCI before reclassifications		(1,502,596	)
Amounts reclassified from AOCI		(81,170	)
Less: Comprehensive loss attributable
to noncontrolling interest		3,082
Balance, end of year	$	526,947

The following table represents amounts reclassified out of AOCI (in thousands):

AOCI Components	Amounts Reclassified from AOCI			Affected Line Item in the Consolidated Income Statement
	December 31,
	2013
Net unrealized investment loss:
Net realized loss on investments	$	(123,157	)	Other net investment losses
OTTI		(1,721	)	Total other-than-temporary impairments
Net unrealized loss before income taxes		(124,878	)
Income tax benefit		43,708
Reclassifications, net of income taxes	$	(81,170	)

62

PART C

OTHER INFORMATION

Item 24. Financial Statements and Exhibits

(a) Financial Statements:

(1) Financial statements and schedules included in Part A:

Not Applicable.

(2) Financial statements and schedules included in Part B:

Jackson National Separate Account - I:

Report of Independent Registered Public Accounting Firm

                       Statements of Assets and Liabilities as of December 31, 2013

                       Statements of Operations for the period ended December 31, 2013

                       Statements of Changes in Net Assets for the periods ended December 31, 2011 and 2012

                       Notes to Financial Statements

Jackson National Life Insurance Company:

Report of Independent Registered Public Accounting Firm

                       Consolidated Balance Sheets as of December 31, 2013 and 2012

                       Consolidated Income Statements for the years ended December 31, 2013, 2012, and 2011

                       Consolidated Statements of Stockholder's Equity and Comprehensive Income for the years ended

                       December 31, 2013, 2012, and 2011

                       Consolidated Statements of Cash Flows for the years ended December 31, 2013, 2012, and 2011

                       Notes to Consolidated Financial Statements

(b) Exhibits

ExhibitDescription

No.

1. Resolution of Depositor's Board of Directors authorizing the establishment of the Registrant, incorporated herein by reference to the Registrant's Post-Effective Amendment No. 9 filed on April 21, 1999 (File Nos. 033-82080 and 811-08664).

2. Not Applicable.

3.

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 811-08664).

b. Selling Agreement between Jackson National Life Insurance Company and Jackson National Life Distributors, LLC (V2565 01/12), incorporated herein by reference to the Registrant's Pre-Effective Amendment No. 1, filed on April 24, 2012 (File Nos. 333-178774 and 811-08664).

c. Selling Agreement between Jackson National Life Insurance Company and Jackson National Life Distributors, LLC (V2565 08/12), incorporated herein by reference to Registrant's Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183048 and 811-08664).

4.

a. Specimen of the Perspective II Fixed and Variable Annuity Contract, incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

b. Specimen of Section 403(b) Tax Sheltered Annuity Endorsement, incorporated herein by reference to the Registrant's Registration Statement filed on August 19, 2004 (File Nos. 333-118368 and 811-08664).

c. Specimen of Retirement Plan Endorsement, incorporated herein by reference to the Registrant's Registration Statement filed on August 19, 2004 (File Nos. 333-118368 and 811-08664).

d. Specimen of Individual Retirement Annuity Endorsement, incorporated herein by reference to the Registrant's Registration Statement filed on August 19, 2004 (File Nos. 333-118368 and 811-08664).

e. Specimen of Roth Individual Retirement Annuity Endorsement, incorporated herein by reference to the Registrant's Registration Statement filed on August 19, 2004 (File Nos. 333-118368 and 811-08664).

f. Specimen of Charitable Remainder Trust Endorsement, incorporated herein by reference to the Registrant's Pre-Effective Amendment filed on December 23, 2004 (File Nos. 333-118368 and 811-08664).

g. Specimen of Earnings Protection Benefit Endorsement, incorporated herein by reference to the Registrant's Registration Statement filed on November 21, 2001 (File Nos. 333-73850 and 811-08664).

h. Specimen of the Highest Quarterly Anniversary Value Guaranteed Minimum Death Benefit (HQAV) Endorsement (7595 04/09), incorporated herein by reference to the Registrant's Post-Effective Amendment No.12, filed on April 2, 2009 (File Nos. 333-119656 and 811-08664).

i. Specimen of the Reduced Administration Charge Endorsement (7536 09/09), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 71, filed on September 24, 2009 (File Nos. 333-70472 and 811-08664).

j. Specimen of the [2%] Contract Enhancement Endorsement (7567 12/09), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 80, filed on April 30, 2010 (File Nos. 333-70472 and 811-08664).

k. Specimen of the [3%] Contract Enhancement Endorsement (7568 12/09), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 80, filed on April 30, 2010 (File Nos. 333-70472 and 811-08664).

l. Specimen of the [4%] Contract Enhancement Endorsement (7569 12/09), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 80, filed on April 30, 2010 (File Nos. 333-70472 and 811-08664).

m. Specimen of the [5%] Contract Enhancement Endorsement (7570 12/09), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 80, filed on April 30, 2010 (File Nos. 333-70472 and 811-08664).

n. Specimen of the Guaranteed Minimum Withdrawal Benefit With [5] Year Step-Up (SafeGuard Max) Endorsement (7633 05/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 80, filed on April 30, 2010 (File Nos. 333-70472 and 811-08664).

o. Specimen of For Life Guaranteed Minimum Withdrawal Benefit With [5%] Bonus and Annual Step-Up Endorsement (7640 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

p. Specimen of For Life Guaranteed Minimum Withdrawal Benefit With [5%] Bonus and Annual Step-Up to the Highest Quarterly Contract Value Endorsement (7641 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

q. Specimen of Joint For Life Guaranteed Minimum Withdrawal Benefit With [5%] Bonus and Annual Step-Up Endorsement (7642 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

r. Specimen of Joint For Life Guaranteed Minimum Withdrawal Benefit With [5%] Bonus and Annual Step-Up to the Highest Quarterly Contract Value Endorsement (7643 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

s. Specimen of For Life Guaranteed Minimum Withdrawal Benefit With [6%] Bonus and Annual Step-Up Endorsement (7646 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

t. Specimen of For Life Guaranteed Minimum Withdrawal Benefit With [6%] Bonus and Annual Step-Up to the Highest Quarterly Contract Value Endorsement (7647 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

u. Specimen of Joint For Life Guaranteed Minimum Withdrawal Benefit With [6%] Bonus and Annual Step-Up Endorsement (7648 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

v. Specimen of Joint For Life Guaranteed Minimum Withdrawal Benefit With [6%] Bonus and Annual Step-Up to the Highest Quarterly Contract Value Endorsement (7649 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

w. Specimen of For Life Guaranteed Minimum Withdrawal Benefit With [6%] Bonus, Annual Step-Up and Death Benefit Endorsement (7650 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

x. Specimen of For Life Guaranteed Minimum Withdrawal Benefit With [7%] Bonus and Annual Step-Up Endorsement (7652 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

y. Specimen of For Life Guaranteed Minimum Withdrawal Benefit With [7%] Bonus and Annual Step-Up to the Highest Quarterly Contract Value Endorsement (7653 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

z. Specimen of Joint For Life Guaranteed Minimum Withdrawal Benefit With [7%] Bonus and Annual Step-Up Endorsement (7654 10/10), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 88, filed on October 5, 2010 (File Nos. 333-70472 and 811-08664).

aa. Specimen of [5%] Guaranteed Minimum Withdrawal Benefit with Annual Step-Up Endorsement (AutoGuard 5) (7659 05/11), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 91, filed on January 18, 2011 (File Nos. 333-70472 and 811-08664).

bb. Specimen of [6%] Guaranteed Minimum Withdrawal Benefit with Annual Step-Up Endorsement (AutoGuard 6) (7660 05/11), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 91, filed on January 18, 2011 (File Nos. 333-70472 and 811-08664).

cc. Specimen of For Life Guaranteed Minimum Withdrawal Benefit with Annual Step-Up and Transfer of Assets Endorsement (Jackson Select Protector) (7667 05/11), incorporated herein by reference to the Registrant's Post-Effective Amendment No. 91, filed on January 18, 2011 (File Nos. 333-70472 and 811-08664).

dd. Specimen of Guaranteed Minimum Withdrawal Benefit for Stretch RMDs Endorsement (MarketGuard Stretch) (7668 04/12), incorporated herein by reference to the Registrant's Pre-Effective Amendment No. 1, filed on April 24, 2012 (File Nos. 333-178774 and 811-08664).

ee. Specimen of For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount Endorsement (LifeGuard Freedom 6 Net) (7669 04/12), incorporated herein by reference to the Registrant's Pre-Effective Amendment No. 1, filed on April 24, 2012 (File Nos. 333-178774 and 811-08664).

ff. Specimen of Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up and Earnings-Sensitive Withdrawal Amount Endorsement (LifeGuard Freedom 6 Net with Joint Option) (7670 04/12), incorporated herein by reference to the Registrant's Pre-Effective Amendment No. 1, filed on April 24, 2012 (File Nos. 333-178774 and 811-08664).

gg. Specimen of the [5%] Roll-Up Guaranteed Minimum Death Benefit Endorsement (7596 04/12), incorporated herein by reference to the Registrant's Pre-Effective Amendment No. 1, filed on April 24, 2012 (File Nos. 333-178774 and 811-08664).

hh. Specimen of the Combination [5%] Roll-Up and Highest Quarterly Anniversary Value Guaranteed Minimum Death Benefit Endorsement (7597 04/12), incorporated herein by reference to the Registrant's Pre-Effective Amendment No. 1, filed on April 24, 2012 (File Nos. 333-178774 and 811-08664).

ii. Form of For Life Guaranteed Minimum Withdrawal Benefit With [5]% Bonus And Annual Step-Up Endorsement (7700 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

jj. Form of For Life Guaranteed Minimum Withdrawal Benefit With [6]% Bonus And Annual Step-Up Endorsement (7701 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

kk. Form of For Life Guaranteed Minimum Withdrawal Benefit With [7]% Bonus And Annual Step-Up Endorsement (7702 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

ll. Form of For Life Guaranteed Minimum Withdrawal Benefit With [5]% Bonus And Annual Step-Up To The Highest Quarterly Contract Value Endorsement (7704 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

mm. Form of For Life Guaranteed Minimum Withdrawal Benefit With [6]% Bonus And Annual Step-Up To The Highest Quarterly Contract Value Endorsement (7705 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

nn. Form of For Life Guaranteed Minimum Withdrawal Benefit With [7]% Bonus And Annual Step-Up To The Highest Quarterly Contract Value Endorsement (7706 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

oo. Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [5]% Bonus And Annual Step-Up Endorsement (7707 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

pp. Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [6]% Bonus And Annual Step-Up Endorsement (7708 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

qq. Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [7]% Bonus And Annual Step-Up Endorsement (7709 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

rr. Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [5]% Bonus And Annual Step-Up To The Highest Quarterly Contract Value Endorsement (7710 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

ss. Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [6]% Bonus And Annual Step-Up To The Highest Quarterly Contract Value Endorsement (7711 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

tt. Form of For Life Guaranteed Minimum Withdrawal Benefit With [6]% Bonus, Annual Step-Up And Death Benefit Endorsement (7712 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

uu. Form of For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount Endorsement (7713 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

vv. Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount Endorsement (7714 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

ww. Form of Guaranteed Minimum Withdrawal Benefit Endorsement (7678 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 1, filed on January 18, 2013 (File Nos. 333-183048 and 811-08664).

xx. Form of For Life Guaranteed Minimum Withdrawal Benefit With [5]% Bonus And Annual Step-Up Endorsement (7700 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183048 and 811-08664).

yy. Form of For Life Guaranteed Minimum Withdrawal Benefit With [6]% Bonus And Annual Step-Up Endorsement (7701 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183048 and 811-08664).

zz. Form of For Life Guaranteed Minimum Withdrawal Benefit With [7]% Bonus And Annual Step-Up Endorsement (7702 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183048 and 811-08664).

aaa. Form of For Life Guaranteed Minimum Withdrawal Benefit With [6]% Bonus, Annual Step-Up And Death Benefit Endorsement (7712 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183048 and 811-08664).

bbb. Form of For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount Endorsement (7713 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183048 and 811-08664).

ccc. Form of Guaranteed Minimum Withdrawal Benefit Endorsement (7678 04/13), incorporated herein by reference to Registrant's Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183048 and 811-08664).

ddd. Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [5]% Bonus And Annual Step-Up Endorsement (7707), incorporated herein by reference to Registrant's Post-Effective Amendment No. 8, filed on September 12, 2013 (File Nos. 333-183048 and 811-08664).

eee. Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [6]% Bonus And Annual Step-Up Endorsement (7708), incorporated herein by reference to Registrant's Post-Effective Amendment No. 8, filed on September 12, 2013 (File Nos. 333-183048 and 811-08664).

fff. Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With [7]% Bonus And Annual Step-Up Endorsement (7709), incorporated herein by reference to Registrant's Post-Effective Amendment No. 8, filed on September 12, 2013 (File Nos. 333-183048 and 811-08664).

ggg. Form of Joint For Life Guaranteed Minimum Withdrawal Benefit With Bonus, Annual Step-Up And Earnings-Sensitive Withdrawal Amount Endorsement (7714), incorporated herein by reference to Registrant's Post-Effective Amendment No. 8, filed on September 12, 2013 (File Nos. 333-183048 and 811-08664).

5.

a. Form of the Perspective II Variable and Fixed Annuity Application (V620 04/12), incorporated herein by reference to the Registrant's Pre-Effective Amendment No. 1, filed on April 24, 2012 (File Nos. 333-178774 and 811-08664).

b. Form of the Variable and Fixed Annuity Application (V3573 04/12), incorporated herein by reference to the Registrant's Pre-Effective Amendment No. 1, filed on April 24, 2012 (File Nos. 333-178774 and 811-08664).

6.

a. Articles of Incorporation of Depositor, incorporated herein by reference to the Registrant's Post-Effective Amendment No. 3 filed on April 30, 1996 (File Nos. 033-82080 and 811-08664).

b. By-laws of Depositor, incorporated herein by reference to the Registrant's Post-Effective Amendment No. 3 filed on April 30, 1996 (File Nos. 033-82080 and 811-08664).

c. Amended By-laws of Jackson National Life Insurance Company, incorporated herein by reference to the Registration Statement, filed on December 31, 2012 (File Nos. 333-185768 and 811-04405).

7. Not Applicable.

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).

9. Opinion and Consent of Counsel, attached hereto.

10. Consent of Independent Registered Public Accounting Firm, attached hereto.

11. Not Applicable.

12. Not Applicable.

Item 25. Directors and Officers of the Depositor

Name and Principal Business Address	Positions and Offices with Depositor
Richard D. Ash	Senior Vice President, Chief Actuary & Appointed Actuary
1 Corporate Way
Lansing, MI 48951
Steve P. Binioris	Senior Vice President
1 Corporate Way
Lansing, MI 48951
Michele M. Binkley	Vice President
1 Corporate Way
Lansing, MI 48951
Dennis A. Blue	Vice President
1 Corporate Way
Lansing, MI 48951
Barrett M. Bonemer	Vice President
1 Corporate Way
Lansing, MI 48951
Jeff R. Borton	Vice President
1 Corporate Way
Lansing, MI 48951
David L. Bowers	Vice President
300 Innovation Drive
Franklin, TN 37067
John H. Brown	Vice President
1 Corporate Way
Lansing, MI 48951
James T. Carter	Vice President
1 Corporate Way
Lansing, MI 48951
Michael A. Costello	Senior Vice President, Treasurer & Controller
1 Corporate Way
Lansing, MI 48951
James B. Croom	Vice President
1 Corporate Way
Lansing, MI 48951
Charles F. Field, Jr.	Vice President
300 Innovation Drive
Franklin, TN 37067
Dana R. Malesky Flegler	Vice President
1 Corporate Way
Lansing, MI 48951
Devkumar D. Ganguly	Vice President
1 Corporate Way
Lansing, MI 48951
James D. Garrison	Vice President
1 Corporate Way
Lansing, MI 48951
Julia A. Goatley	Senior Vice President, Chief Compliance & Governance Officer
1 Corporate Way	& Assistant Secretary
Lansing, MI 48951
John A. Gorgenson, Jr.	Vice President
1 Corporate Way
Lansing, MI 48951
John K. Haack	Vice President
1 Corporate Way
Lansing, MI 48951
Robert W. Hajdu	Vice President
1 Corporate Way
Lansing, MI 48951

Laura L. Hanson	Vice President
1 Corporate Way
Lansing, MI 48951
Robert L. Hill	Vice President
1 Corporate Way
Lansing, MI 48951
Thomas P. Hyatte	Senior Vice President, Chief Risk Officer & Director
1 Corporate Way
Lansing, MI 48951
Clifford J. Jack	Executive Vice President & Head of Retail
7601 Technology Way
Denver, CO 80237
Toni L. Klus	Vice President
1 Corporate Way
Lansing, MI 48951
Scott Klus	Vice President
1 Corporate Way
Lansing, MI 48951
Leandra R. Knes	Director
225 W. Wacker Drive
Suite 1200
Chicago, IL 60606
Richard C. Liphardt	Vice President
1 Corporate Way
Lansing, MI 48951
Machelle A. McAdory	Senior Vice President
1 Corporate Way
Lansing, MI 48951
Diahn M. McHenry	Vice President
5913 Executive Drive
Lansing, MI 48911
Thomas J. Meyer	Senior Vice President,
1 Corporate Way	General Counsel & Secretary
Lansing, MI 48951
Dean M. Miller	Vice President
300 Connell Drive
Suite 2100
Berkeley Heights, NJ 07922
Keith R. Moore	Senior Vice President
1 Corporate Way
Lansing, MI 48951
Jacky Morin	Vice President
300 Connell Drive
Suite 2100
Berkeley Heights, NJ 09722
P. Chad Myers	Executive Vice President, Chief Financial Officer & Director
1 Corporate Way
Lansing, MI 48951
Russell E. Peck	Vice President
1 Corporate Way
Lansing, MI 48951
Laura L. Prieskorn	Senior Vice President & Chief Administration Officer
1 Corporate Way
Lansing, Michigan 48951
Dana S. Rapier	Vice President
5913 Executive Drive
Lansing, MI 48911
William R. Schulz	Vice President
1 Corporate Way
Lansing, MI 48951
Muhammad S. Shami	Vice President
1 Corporate Way
Lansing, MI 48951
James R. Sopha	Chief Operating Officer & Director
1 Corporate Way
Lansing, MI 48951
Kenneth H. Stewart	Senior Vice President
1 Corporate Way
Lansing, MI 48951
Heather R. Strang	Vice President
1 Corporate Way
Lansing, MI 48951
Marcia L. Wadsten	Vice President
1 Corporate Way
Lansing, MI 48951
Bonnie G. Wasgatt	Senior Vice President & Chief Information Officer
1 Corporate Way
Lansing, MI 48951
Michael A. Wells	President, Chief Executive Officer & Chairman
300 Innovation Drive
Franklin, TN 37067

Item 26. Persons Controlled by or Under Common Control with the Depositor or Registrant.

The Registrant is a separate account of Jackson National Life Insurance Company ("Depositor"), a stock life insurance company organized under the laws of the state of Michigan.  The Depositor is a wholly owned subsidiary of Brooke Life Insurance Company and is ultimately a wholly owned subsidiary of Prudential plc (London, England), a publicly traded life insurance company in the United Kingdom.

The following organizational chart for Prudential plc indicates those persons who are controlled by or under common control with the Depositor. No person is controlled by the Registrant.

The organizational chart for Prudential plc is incorporated herein by reference to Exhibit 26 of Post-Effective Amendment No. 9, filed on April 21, 2014 (File Nos. 333-183048 and 811-08664).

Item 27. Number of Contract Owners as of February 28, 2014.

Qualified – 287,662

Non-Qualified – 137,049

Item 28. Indemnification

Provision is made in the Company's Amended By-Laws for indemnification by the Company of any person who was or is a party or is threatened to be made a party to a civil, criminal, administrative or Investigative action by reason of the fact that such person is or was a director, officer or employee of the Company, against expenses, including attorneys' fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceedings, to the extent and under the circumstances permitted by the General Corporation Law of the State of Michigan.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against liabilities  (other than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate  jurisdiction  the question  whether  such  indemnification  by  it is  against  public  policy  as expressed  in the Act and will be  governed  by the final  adjudication  of such issue.

Item 29. Principal Underwriter

a) Jackson National Life Distributors LLC acts as general distributor for the Jackson National Separate Account - I.  Jackson National Life Distributors LLC also acts as general distributor for the Jackson National Separate Account III, the Jackson National Separate Account IV, the Jackson National Separate Account V, the JNLNY Separate Account I, the JNLNY Separate Account II, the JNLNY Separate Account IV, the Jackson Sage Variable Annuity Account A, the Jackson Sage Variable Life Account A, the Jackson SWL Variable Annuity Fund I, the JNL Series Trust, JNL Variable Fund LLC, JNL Investors Series Trust, and Curian Variable Series Trust.

b) Directors and Officers of Jackson National Life Distributors LLC:

Name and Business Address	Positions and Offices with Underwriter
Greg Cicotte	Manager, President & Chief Executive Officer
7601 Technology Way
Denver, CO  80237
Michael A. Costello	Manager
1 Corporate Way
Lansing, MI 48951
Clifford J. Jack	Manager
7601 Technology Way
Denver, CO 80237

Thomas P. Hyatte	Manager
1 Corporate Way
Lansing, MI 48951
Thomas J. Meyer	Manager & Secretary
1 Corporate Way
Lansing, MI 48951
Stephen M. Ash	Vice President
7601 Technology Way
Denver, CO 80237
Jeffrey Bain	Vice President
7601 Technology Way
Denver, CO 80237
Brad Baker	Vice President
7601 Technology Way
Denver, CO 80237
James Bossert	Senior Vice President
7601 Technology Way
Denver, CO 80237
Tori Bullen	Senior Vice President
7601 Technology Way
Denver, CO 80237
Bill J. Burrow	Senior Vice President
7601 Technology Way
Denver, CO  80237
Maura Collins	Executive Vice President, Chief Financial Officer & FinOP
7601 Technology Way
Denver, CO 80237
Julia A. Goatley	Assistant Secretary
1 Corporate Way
Lansing, MI 48951
Luis Gomez	Vice President
7601 Technology Way
Denver, CO 80237
Kevin Grant	Senior Vice President
7601 Technology Way
Denver, CO 80237
Elizabeth Griffith	Vice President
300 Innovation Drive
Franklin, TN 37067
Thomas Hurley	Senior Vice President
7601 Technology Way
Denver, CO 80237

Mark Jones	Vice President
7601 Technology Way
Denver, CO 80237
Jim Livingston	Executive Vice President, Operations
7601 Technology Way
Denver, CO  80237
Doug Mantelli	Vice President
7601 Technology Way
Denver, CO 80237
Jack Mishler	Senior Vice President
7601 Technology Way
Denver, CO 80237
Steven O'Connor	Vice President
7601 Technology Way
Denver, CO  80237
Allison Pearson	Vice President
7601 Technology Way
Denver, CO 80237
Jeremy D. Rafferty	Vice President
7601 Technology Way
Denver, CO 80237
Alison Reed	Senior Vice President
7601 Technology Way
Denver, CO 80237
Kristan L. Richardson	Assistant Secretary
1 Corporate Way
Lansing, MI 48951
Scott Romine	Executive Vice President, National Sales Manager
7601 Technology Way
Denver, CO  80237
Marilynn Scherer	Vice President
7601 Technology Way
Denver, CO 80237
Kathleen Schofield	Vice President
7601 Technology Way
Denver, CO 80237
Daniel Starishevsky	Senior Vice President
7601 Technology Way
Denver, CO 80237
Ryan Strauser	Vice President
7601 Technology Way
Denver, VO 80237

Brian Sward	Vice President
7601 Technology Way
Denver, CO  80237
Jeremy Swartz	Vice President
7601 Technology Way
Denver, CO 80237
Robin Tallman	Vice President & Controller
7601 Technology Way
Denver, CO 80237
Katie Turner	Vice President
7601 Technology Way
Denver, CO  80237
Brad Whiting	Vice President
7601 Technology Way
Denver, CO 80237
Daniel Wright	Senior Vice President & Chief Compliance Officer
7601 Technology Way
Denver, CO 80237
Phil Wright	Vice President
7601 Technology Way
Denver, CO 80237

(c)

Name of Principal Underwriter	Net Underwriting           Discounts and Commissions	Compensation on Redemption or               Annuitization	Brokerage Commissions	Compensation
Jackson National Life           Distributors LLC	Not Applicable	Not Applicable	Not Applicable	Not Applicable

Item. 30. Location of Accounts and Records

Jackson National Life Insurance Company

1 Corporate Way

Lansing, Michigan 48951

Jackson National Life Insurance Company

Institutional Marketing Group Service Center

1 Corporate Way

Lansing, Michigan 48951

Jackson National Life Insurance Company

7601 Technology Way

Denver, Colorado 80237

Jackson National Life Insurance Company

225 West Wacker Drive, Suite 1200

Chicago, IL  60606

Item. 31. Management Services

Not Applicable.

Item. 32. Undertakings and Representations

a) Jackson National Life Insurance Company 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.

b) Jackson National Life Insurance Company 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.

c) Jackson National Life Insurance Company 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.

d) Jackson National Life Insurance Company 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.

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).

SIGNATURES

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of this post-effective amendment to the Registration Statement and has caused this post-effective amendment to the Registration Statement to be signed on its behalf, in the City of Lansing, and State of Michigan, on this 23rd day of April, 2014.

Jackson National Separate Account - I

(Registrant)

Jackson National Life Insurance Company

By:   /s/ Thomas J. Meyer

Thomas J. Meyer

Senior Vice President, General Counsel

and Secretary

Jackson National Life Insurance Company

(Depositor)

By:    /s/ Thomas J. Meyer

Thomas J. Meyer

Senior Vice President, General Counsel

and Secretary

As required by the Securities Act of 1933, this post-effective amendment to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

*	April 23, 2014
Michael A. Wells, President, Chief
Executive Officer, Director and Chairman
*	April 23, 2014
James R. Sopha, Chief Operating Officer
and Director
*	April 23, 2014
P. Chad Myers, Executive Vice President, Chief Financial Officer and Director
*	April 23, 2014
Michael A. Costello, Senior Vice President,
Treasurer and Controller

*	April 23, 2014
Leandra R. Knes, Director
*	April 23, 2014
Thomas P. Hyatte, Senior Vice President, Chief Risk Officer and Director

* By:    /s/ Thomas J. Meyer

Thomas J. Meyer, as Attorney-in-Fact,

pursuant to Power of Attorney filed herewith.

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned as directors and/or officers of JACKSON NATIONAL LIFE INSURANCE COMPANY (the Depositor), a Michigan corporation, hereby appoint Michael A. Wells, P. Chad Myers, Thomas J. Meyer, Patrick W. Garcy, Susan S. Rhee, and Anthony L. Dowling (each with power to act without the others) his/her attorney-in-fact and agent, with full power of substitution and resubstitution, for and in his/her name, place and stead, in any and all capacities, to sign applications and registration  statements,  and any and all amendments, with power to affix the corporate seal and to attest it, and to file the applications, registration statements, and amendments, with all exhibits and  requirements, in accordance with the Securities Act of 1933, the Securities and Exchange Act of 1934, and/or the Investment Company Act of 1940.  This Power of Attorney concerns Jackson National Separate Account - I (File Nos. 033-82080, 333-70472, 333-73850, 333-118368, 333-119656, 333-132128, 333-136472, 333-155675, 333-172874, 333-172875, 333-172877, 333-175718, 333-175719, 333-176619, 333-178774, 333-183048, 333-183049, 333-183050, and 333-192971), Jackson National Separate Account III (File No. 333-41153), Jackson National Separate Account IV (File Nos. 333-108433 and 333-118131), and Jackson National Separate Account V (File No. 333-70697), as well as any future separate account(s) and/or future file number(s) within any separate account(s) that the Depositor establishes through which securities, particularly variable annuity contracts and variable universal life insurance policies, are to be offered for sale.  The undersigned grant to each attorney-in-fact and agent full authority to take all necessary actions to effectuate the above as fully, to all intents and purposes, as he/she could do in person, thereby ratifying and confirming all that said attorneys-in-fact and agents, or any one of them, may lawfully do or cause to be done by virtue hereof.  This instrument may be executed in one or more counterparts.

IN WITNESS WHEREOF, the undersigned have executed this Power of Attorney effective as of the 31^st day of March, 2014.

/s/  MICHAEL A. WELLS

_____________________________________________

Michael A. Wells, President, Chief Executive Officer,

Chairman and Director

/s/  JAMES R. SOPHA

_____________________________________________

James R. Sopha, Chief Operating Officer and Director

/s/  P. CHAD MYERS

_____________________________________________

P. Chad Myers, Executive Vice President, Chief Financial

Officer and Director

/s/  THOMAS P. HYATTE

_____________________________________________

Thomas P. Hyatte, Senior Vice President, Chief Risk

Officer and Director

/s/  MICHAEL A. COSTELLO

_____________________________________________

Michael A. Costello, Senior Vice President, Treasurer

and Controller

/s/  LEANDRA R. KNES

_____________________________________________

Leandra R. Knes, Director

EXHIBIT LIST

Exhibit No.Description

9. Opinion and Consent of Counsel.

10. Consent of Independent Registered Public Accounting Firm.