WASHINGTON, Aug. 29 -- The American Federation of Teachers issued the following statement by President Randi Weingarten on Hurricane Harvey's devastating destruction in Texas:

"As President Trump surveys Harvey's damage, it's imperative that he activate all the powers of the federal government, just as was done with Superstorm Sandy, to provide the necessary emergency relief funds to support rescue missions and prepare for rebuilding efforts.

"It's times like these when Americans make judgments about their leaders, and the president must act swiftly to provide assistance, without any political rancor.

"In this moment of grave crisis, we are seeing the best come out in Americans. Neighbors are checking on the elderly, boat owners are using their vehicles to rescue stranded families, emergency responders are heroically working around the clock, and state leaders have reached out to Texas Gov. Greg Abbott to offer assistance.

"This is not a time to play politics; it's time to put people first and come together as Americans to support our brothers and sisters who are in harm's way. To that end, we are demanding that U.S. Immigration and Customs Enforcement not use this disaster as a way to target immigrants. No one should be afraid to call 911 just because of his or her immigration status. We are better than that.

"As a union representing educators and school staff across Texas, we're continuing to coordinate with our locals on how we can support our members, the children and families we serve, and the people of Texas.

"We've activated the AFT's Disaster Relief Fund--which has already raised more than $50,000--so AFT members and others can help their brothers and sisters in Texas, and we have posted resources on Share My Lesson to help students and families cope with the aftermath.

"The AFT is all in to help the people of Texas. We pray for their safety and good health as they wait out the remainder of the storm."

Updates also made to Jackson’s Single Premium Immediate Annuity

LANSING, Mich.--(BUSINESS WIRE)--
Jackson National Life Insurance Company® (Jackson®), the main operating subsidiary of Jackson Financial Inc.¹ (NYSE: JXN), today launched Jackson Fixed Index Accumulation™ and Jackson Fixed Index Accumulation™ Advisory, fixed index annuities that protect retirement savings while providing growth potential. Jackson Fixed Index Accumulation (commission-based) and Jackson Fixed Index Accumulation Advisory (fee-based) each offer 5- and 7-year options, giving consumers choices based on their individual needs and retirement timeline. Additionally, Jackson has introduced Jackson Protection Advantage™, a 10-year contract that is offered directly to independent agents.

“The launch of the Jackson Fixed Index Accumulation™ Suite highlights our continued focus on delivering innovative products that meet the needs of consumers and support long-term retirement planning strategies,” said Alison Reed, EVP, Head of Distribution, Jackson National Life Distributors LLC (JNLD), the marketing and distribution business of Jackson. “This product suite offers financial professionals and their clients meaningful flexibility through five available indices and four different crediting methods. All five indices are available across each crediting method and can be used in any combination, giving financial professionals greater ability to tailor products to individual client needs and objectives.”

Jackson Fixed Index Accumulation Suite and Jackson Protection Advantage features include the following:

• Multiple Index Options: To provide increased diversification², five index options can be allocated in any combination, including the S&P 500, Dow Jones Industrial Average, Nasdaq-100, Russell 2000 and MSCI EAFE. Jackson will not restrict which index options can be selected with each crediting method, offering consumers a broad menu of available equity exposures in the market³.

• Guaranteed Cap⁴ and Guaranteed Performance Trigger⁵ Crediting Methods⁶: Clients can lock in the cap rate or performance trigger rate, removing uncertainty with what the renewal rate will be for the duration of the 5-, 7- or 10-year withdrawal charge/market value adjustment period. Additional crediting methods available include non-guaranteed cap and non-guaranteed performance trigger.
  
• Higher Crediting Premium Rate Band: The Jackson Fixed Index Accumulation Suite offers higher caps/rates on larger premium amounts. In addition to the $0-$99,999 and $100,000 or more rate bands, this product includes an additional crediting band for contracts with $500,000 or more in premium.

• Embedded GMAB: The embedded guaranteed⁷ minimum accumulation benefit (GMAB) guarantees that the contract value will not be less than 100% of the premiums paid, adjusted for withdrawals, at the end of the withdrawal charge/market value adjustment period. For the fee-based product, financial professionals are able to take the advisory fee⁸ from the contract without negatively impacting the GMAB or the return of premium component of the death benefit calculation.

• Extended Care⁹ and Terminal Illness¹⁰ Withdrawal Charge Waivers: There is no limit on the frequency of withdrawals that can be made utilizing these waivers and no cap on the amount of money that can be withdrawn.

Jackson also recently announced updates to its single premium immediate annuity (SPIA) product.

• Jackson SPIA™: The new product, available in all states except New York, offers additional income options, including joint continuation and installment refund options. The product includes flexibility for increasing payment options available with many of the income options.

“Retirees want confidence that their savings can provide a reliable stream of income throughout retirement,” said Matt Lemieux, Head of Product & Advanced Planning Solutions, JNLD. “The refresh of our SPIA product gives financial professionals more ways to structure income around each client’s priorities, including how payments continue for a spouse or whether income can increase over time.”

Financial professionals who would like to learn more about Jackson’s recent product enhancements can contact the company at 1-800-711-7397, connect with their local wholesaler or visit http://www.jackson.com/financial-professional.

ABOUT JACKSON

Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

*SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2025. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for three consecutive months or more.)

Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).

SAFE HARBOR STATEMENT

The information in this press release contains forward-looking statements about future events and circumstances and their effects upon revenues, expenses and business opportunities. Generally speaking, any statement in this release not based upon historical fact is a forward-looking statement. Forward-looking statements can also be identified by the use of forward-looking or conditional words, such as “could,” “should,” “can,” “continue,” “estimate,” “forecast,” “intend,” “look,” “may,” “expect,” “believe,” “anticipate,” “plan,” “predict,” “remain,” “future,” “confident” and “commit” or similar expressions. In particular, statements regarding plans, strategies, prospects, targets and expectations regarding the business and industry are forward-looking statements. They reflect expectations, are not guarantees of performance and speak only as of the dates the statements are made. We caution investors that these forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those projected, expressed, or implied. Other factors that could cause actual results to differ materially from those in the forward-looking statements include those reflected in Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 24, 2026, and elsewhere in the Company’s reports filed with the SEC. Except as required by law, Jackson Financial Inc. does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements.

GENERAL DISCLOSURES

Jackson, its distributors, and their respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Tax laws are complicated and subject to change. Tax results may depend on each taxpayer’s individual set of facts and circumstances. You should rely on your own independent advisors as to any tax, accounting, or legal statements made herein.

Annuities are long-term, tax deferred vehicles designed for retirement and are insurance contracts. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met.

Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company. They are not backed by the broker/dealer from which this annuity contract is purchased, by the insurance agency from which this annuity contract is purchased or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of Jackson National Life Insurance Company.

FIXED INDEX ANNUITIES (FIA) DISCLOSURES

The “S&P 500®” and the “Dow Jones Industrial Average®” (the “Indices”) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by Jackson National Life Insurance Company (“Jackson”). S&P®, S&P 500®, SPX®, SPY®, US 500™, The 500™, iBoxx®, iTraxx®, CDX®, The Dow®, DJIA®, and Dow Jones Industrial Average® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Jackson. Jackson’s products are not sponsored or sold by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such products, nor do they have any liability for any errors, omissions, or interruptions of the Indices.

Jackson Fixed Index Accumulation™ Suite has been developed by Jackson National Life Insurance Company. These annuities are not in any way connected or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively the “LSE Group”). FTSE Russell is the trading name of certain LSE Group Companies.

All rights in the Russell 2000 Index vest in the relevant LSE Group company which owns the Index. Russell® is a trademark of relevant LSE Group company are used by other LSE Group company license.

The Index is calculated by or on behalf of FTSE Fixed Income, LLC or its affiliate, agent, or partner. The LSE Group does not accept any liability to any person arising out of (a) the use of, reliance on or any error in the index or (b) investment in or operation of Jackson Fixed Index Accumulation™ Suite. The LSE Group makes no claim, prediction, warranty or representation as to the results to be obtained from Jackson Fixed Index Accumulation™ Suite or the suitability of the Index for the purpose to which it is being put by Jackson National Life Insurance Company.

Nasdaq®, Nasdaq-100®, Nasdaq-100 Index®, and NDX® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Jackson National Life Insurance Company® (“Jackson”). The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

The Product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such Products or any index on which such Products are based. The Contract contains a more detailed description of the limited relationship MSCI has with Jackson National Life Insurance Company and any related products.

All indexes are unmanaged and not available for direct investment. The payment of dividends is not reflected in the index return.

Fixed index annuities are also referred to as fixed annuities with index-linked interest in the contract.

Fixed index annuities are not available in New York.

Fixed index annuities (contract form numbers FIA297, FIA297-CB1, ICC26 FIA297, ICC FIA297-CB1, FIA299, FIA299-FB1, ICC26 FIA299, ICC26 FIA299-FB1) are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and distributed by Jackson National Life Distributors LLC, member FINRA. These products are fixed annuities that do not participate in any stock or equity investments and have limitations and restrictions, including withdrawal charges and/or market value adjustments (may not be applicable in all states). During the withdrawal charge and/or market value adjustment period the annuity’s cash withdrawal value may be less than the initial premium. For costs and complete details, contact Jackson. Premium payments are flexible in the first contract year only, subject to contract minimums and maximums. Subsequent premiums will remain in a fixed account option until the first contract anniversary. No premium payments will be accepted after the first contract anniversary.

The design of these annuity contracts emphasizes the protection of credited interest rather than the maximization of interest rate crediting. Jackson issues other annuities with similar features, benefits, limitations, minimum caps/rates and charges. Similar products with different features, limitations, and with either higher or lower caps/rates may be available through other broker/dealers. Discuss them with your financial professional or contact Jackson for more information. Fixed index annuities may not be suitable for everyone.

SINGLE PREMIUM IMMEDIATE ANNUITY (SPIA) DISCLOSURES

Jackson SPIA™ single premium immediate annuity (contract form numbers ICC26 IA320, ICC26 IA320-CB1, IA320, IA320-CB1) is issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and distributed by Jackson National Life Distributors LLC, member FINRA. This contract has limitations and restrictions. Jackson issues other annuities with similar features, benefits, limitations and charges. Discuss them with your financial professional or contact Jackson for more information.

Products and features may be limited by state availability, and/or your selling firm’s policies and regulatory requirements (including standard of conduct rules).

View source version on businesswire.com: https://www.businesswire.com/news/home/20261026754289/en/

Media Contact:
Amanda Chaney
mediarelations@jackson.com

Source: Jackson Financial Inc.