Jackson National Life(R) Enhances Variable Annuity Features; S&P(R) and Mellon Portfolios, Coupled With New Benefit Options, Provide Additional Flexibility for Advisers

Jackson National Life Insurance Company(R) (JNL(R))today announced several enhancements to its successful Perspective(SM)family of variable annuities. The company has added four new TargetDate portfolios, subadvised by Standard and Poor's Investment AdvisoryServices LLC(R) (SPIAS), and one Target portfolio, subadvised byMellon Capital Management, to the fund lineup within its variableannuity products. Additionally, JNL has added a 5% annual benefitincrease option to its popular lifetime guaranteed minimum withdrawalbenefits (GMWBs), LifeGuard 4(SM) and LifeGuard 5(SM)(1).

"Jackson National Life is committed to delivering customizablesolutions that allow advisers to meet the financial needs of a broadrange of individual clients," said Clifford Jack, JNL executive vicepresident and chief distribution officer. "As the responsibility forproviding retirement income in the U.S. shifts away from government-and employer-sponsored plans toward individual investors, we mustcontinue to offer advisers the choice and flexibility that they needto build unique retirement programs that will help their clientsachieve financial stability during retirement."

JNL's new portfolio options provide advisers with a range ofdisciplined investment strategies that help manage varying levels ofrisk, depending on an individual client's time horizon, financialsituation and investment objectives.

The JNL/Mellon Capital Management Dow(SM) Dividend portfolioinvests in the common stock of 20 companies selected from the Dow Jones Select Dividend Index(SM). The 20 companies are chosen from the Dow Jones Select Dividend Index by applying several screens, including a minimum of $10 million in average daily trading volume, return on assets over the last 12 months and price-to-book ratio, and ranking the stocks accordingly.

The new Target Date portfolios include JNL/S&P Retirement 2015,JNL/S&P Retirement 2020, and JNL/S&P Retirement 2025, which provideinvestment strategies based upon a client's assumed personalretirement date. Furthermore, the new JNL/S&P Retirement Incomeportfolio offers an alternative for investors in or near retirement.

The 5% annual benefit increase option on both LifeGuard 4 andLifeGuard 5 is available for the earlier of the 10th contractanniversary after the effective date of the benefit, or the contractanniversary immediately following the owner's 81st birthday, as longas no withdrawals are taken in that contract year. LifeGuard 4 andLifeGuard 5 are two lifetime GMWBs offered within JNL's Perspectivefamily of variable annuities.

"The unbundled architecture of our variable annuity products isattractive to advisers because it allows them to build a customizedretirement product for their clients," said Steve Kluever, senior vicepresident of product management for Jackson National LifeDistributors, Inc. "In today's retirement marketplace, one of the mostsignificant challenges for advisers is securing a steady stream ofretirement income for their diverse client base. To meet this need,JNL is continually evaluating its product line to ensure that we areproviding innovative optional benefits."

Today's variable annuity product changes are the latest in aseries of enhancements that Jackson National Life has implementedsince the successful launch of its LifeGuard 4 and LifeGuard 5 GMWBsin October 2004. In May 2005, the company added Franklin TempletonInvestments and Goldman Sachs Asset Management, L.P. to its lineup ofportfolio managers, and in September 2005, JNL added two new GMWBs,AutoGuard(SM)(2) and MarketGuard 5(SM)(2), bringing the company's total number of GMWB offerings to five.

Advisers who are interested in learning more about JNL's variableannuity product lineup and wholesaling support team should call800/711-JNLD (5653).

(1) These are optional benefits available for an additional chargeand limitations and restrictions apply. If all withdrawals taken in acontract year are greater than the Guaranteed Annual Withdrawal Amount(GAWA), or the minimum required distribution for that contract only oncertain contracts utilizing LifeGuard 5, the lifetime guarantee isnull and void. Withdrawals in excess of GAWA also reduce the LifeGuardbenefit. If elected at issue, this means you may not receive youroriginal investment back.

(2) Not available in Perspective(SM) (VA200), PerspectiveAdvisors(SM) (VA400), Perspective Advantage(SM) (VA600), PerspectiveFocus(SM)(VA260) or Defined Strategies (VA200).

About JNL

With more than $65 billion in assets (GAAP)(a), Jackson NationalLife(R) is an industry leader in the areas of fixed, fixed index andvariable annuities. The company markets its products in 49 states andthe District of Columbia through independent and regionalbroker-dealers, financial institutions and independent insuranceagents. JNL's subsidiary, Jackson National Life Insurance Company ofNew York(R), similarly markets products in the state of New York.Through its affiliates and subsidiaries, JNL also provides assetmanagement and retail brokerage services. For more information, visithttp://www.jnl.com.

(a) As of 6/30/05. JNL also has more than $57 billion (GAAP) inpolicy liabilities set aside primarily to pay future policyownerbenefits.

Before investing in variable products, investors should carefullyconsider the investment objectives, risks, charges and expenses of thevariable product and its underlying investment options. The currentcontract prospectus and underlying fund prospectuses, which arecontained in the same document, provide this and other importantinformation. Please contact your representative or the Company toobtain the prospectuses. Please read the prospectuses carefully beforeinvesting or sending money.

The Perspective Family of Variable Annuities (VA210, VA220, VA250,VA410) is issued by Jackson National Life Insurance Company, Lansing,MI, and distributed by Jackson National Life Distributors, Inc.,member NASD. May not be available in all states and state variationsmay apply. No all changes apply to all products. The products havelimitations and restrictions, including possible withdrawal charges,recapture charges, and excess interest adjustments. Please contact thecompany for more information.

Optional benefits are available at an additional cost and onceelected may not be cancelled. All optional benefits may not beavailable in all states, and state variations may apply. The long-termadvantage of the optional benefits will vary with the terms of thebenefit option, the investment performance of the variable investmentoptions you select and the length of time you own the annuity. As aresult, in some circumstances, the cost of an option may exceed theactual benefit paid under the option. See the prospectus for moredetails.

Guarantees are backed by the claims-paying ability of JacksonNational Life Insurance Company and do not apply to the principalamount or investment performance of the separate account or itsunderlying investments. Variable annuities involve investment risksand may lose value. A variable annuity is a long-term, tax-deferredinvestment vehicles designed for retirement. Withdrawals may besubject to withdrawal charges, recapture charges and excess interestadjustments. The value of the variable annuity fluctuates with that ofthe underlying portfolios. Please remember that a JNL variable annuityis intended to be a long-term retirement vehicle. An annuity'searnings are taxable as ordinary income when distributed and, if takenbefore age 59 1/2, may be subject to a 10% federal tax penalty.

Standard & Poor's Investment Advisory Services LLC (SPIAS) is aregistered investment adviser and wholly owned subsidiary of TheMcGraw-Hill Companies, Inc. SPIAS is sub-adviser to the JNL/S&PManaged portfolios. "S&P(R)" is a registered trademark of TheMcGraw-Hill Companies, Inc. and has been licensed for use by JacksonNational Life Insurance Company. This product is not endorsed, sold orpromoted by SPIAS and its affiliates, and SPIAS and its affiliatesmake no representation regarding the advisability of investing in theproduct.

The Dow(SM) is a service mark of Dow Jones & Co. Inc., and hasbeen licensed for use for certain purposes by Jackson National LifeInsurance Company and Jackson National Life Insurance Company of New York.