Jackson National Life Insurance Company launched MarketGuard Stretch, an option for policyholders of the Perspective family of variable annuities. A guaranteed minimum withdrawal benefit allows beneficiaries the flexibility to spread distribution payments over their lifetime, keeping more money in a tax-deferred account for continued growth potential.

With the new product, policyholders can provide for potentially young and inexperienced beneficiaries by avoiding a lump sum death benefit in favor of longer-term distributions. The beneficiary’s required minimum distributions (RMD) are determined annually based on the current account value and life expectancy.

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