Jefferson National Launches Online Communities to Help Americans Save More for Retirement
Business Editors/Financial Editors
NEW YORK & LOUISVILLE, Ky.--(BUSINESS WIRE)--February 24, 2009--On a mission to help Americans save more for retirement, Jefferson National has launched two new online communities for consumers and advisors at: www.annuityrescuecenter.com and www.poweroftaxdeferral.com. The communities provide a forum of resources including online tools, articles from industry experts, commentary from seasoned investors, and a blog where members share what they learn.
“As 76 million boomers approach retirement over the next two decades faced with a failing retirement safety net, volatile markets and rising uncertainty, they need to connect with their peers, their advisors and the experts to learn new ways to save more,” said Laurence Greenberg, President and CEO of Jefferson National Life Insurance Company. “One new rule for saving more: There's no such thing as too much tax deferral. Arming investors with more tax-deferral through a no-load, Flat-Insurance Fee variable annuity helps them tackle two urgent needs: how to accumulate more—and how to make it last a lifetime.”
At the center of these two communities is an interactive challenge to help members learn how much more they can save and how much more those savings can grow when they get more tax deferral by using the industry’s first VA with a Flat-Insurance Fee of $20 per month 1 to cut costs and commissions, and 5x more fund choices 2 to navigate today’s volatile markets:
“Take the Annuity Rescue Challenge”using the latest data from Morningstar to compare a Flat-Insurance Fee VA with virtually any competing variable annuity—985 different products from 117 companies (www.annuityrescuecenter.com). A conservative estimate based on Morningstar data suggests that consumers with variable annuities are paying at least $14 billion each year in insurance fees alone. 3
“Test the True Power of Tax-Deferral”to outperform a taxable account, even when capital gains taxes are at an all time low (www.poweroftaxdeferral.com). Using a tax-deferred Flat-Insurance Fee VA, the typical moderate investor can outperform a taxable account in just 10 years. It takes 13 years for an aggressive investor, 4 years for a moderate investor, and as little as 1 year for an active manager. 4 Tax-deferral can also generate higher after-tax returns for “tax-inefficient” assets, such as REITS and fixed income. 5
“Monument Advisor’s Flat-Insurance Fee preserves the true power of tax-deferral, to outperform taxable accounts and outdo traditional high-cost VAs, helping consumers accumulate more, generate more retirement income, and leave a larger legacy,” said Jefferson National’s Greenberg. “We encourage investors and advisors to join our new communities, take the challenge and see for themselves how much they can save and how much more their savings will grow.”
About Jefferson National Life Insurance Company
Jefferson National Life Insurance Company offers retirement products for fee-based advisors and the clients they serve. Jefferson National believes that simple, low-cost variable annuities should be considered for a part of every American's retirement portfolio, and we've made it our mission to help all Americans save more for retirement by launching Monument Advisor, the first variable annuity with a flat insurance fee. Jefferson National serves more than 50,000 customers nationwide, and is domiciled in Dallas, Texas with authority in 49 states and the District of Columbia. To reach our advisor support desk, please call 1-866-WHY-FLAT (1-866-949-3528). To learn more, please visit www.jeffnat.com.
Important Disclosure:
An investor should carefully consider the investment objectives, risks, charges and expenses of the investment before investing or sending money.For a prospectus containing this and additional information, please contact your financial professional.Read it carefully before investing. The summary of product features is not intended to be all-inclusive.Restrictions may apply.The contracts have exclusions and limitations, and may not be available in all states or at all times.
Variable annuities are investments subject to market fluctuation and risk, including possible loss of principal. Your units, when you make a withdrawal or surrender, may be worth more or less than your original investment.
Variable annuities are long-term investments to help you meet retirement and other long-range goals. Withdrawal of tax-deferred accumulations are subject to ordinary income tax. Withdrawals made prior to age 59 ½ may incur a 10% IRS tax penalty. Jefferson National does not offer tax advice. Annuities are not deposits or obligations of, or guaranteed by any bank, nor are they FDIC insured.
Monument Advisor is issued by Jefferson National Life Insurance Company (Dallas, TX) and distributed by Jefferson National Securities Corporation, FINRA member. Policy series JNL-2300-1, JNL-2300-2.
1 Jefferson National’s Monument Advisor has a $20 monthly flat insurance fee with no transaction fees on more than 97% of underlying funds. Additional fees ranging from $19.99-$49.99 will be assessed for investors wishing to purchase shares of ultra low-cost funds. See the prospectus for details. Like other variable annuities, the customer pays fees of the underlying funds selected plus the fees of any advisor hired.The base contract does not provide an enhanced death benefit. An optional enhanced death benefit is available for an additional fee. Please see prospectus for details.
2 Morningstar® data as of 12/31/08.
3 Based on $1.3 trillion in variable assets according to the National Association of Variable Annuities (NAVA) and Morningstar quarterly data reported as of 09/30/08and average insurance charges of 1.35% of assets per year based on Morningstar data as of 12/31/08.
4Increasing Retirement Income through the Power of Tax-Deferral, Professor Ira Weiss, Ph.D., University of Chicago and Matthew Grove, Jefferson National, February, 2008.
5After-Tax Asset Allocation,William Reichenstein, Financial Analysts Journal, Vol. 62, No. 4, pp. 14-19, July/August 2006.
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