Jackson® Announces $100-Million Lansing Expansion

  Jackson®Announces$100-MillionLansingExpansion

  Michigan Governor Rick Snyder, Lansing Mayor Virg Bernero welcome economic
        boost to mid-Michigan including new jobs, community investment

Business Wire

LANSING, Mich. -- April 30, 2013

Jackson National Life Insurance Company^® (Jackson^®) today announced a more
than $100-million expansion of its Lansing, Mich., campus. This expansion is
expected to provide capacity for more than 1,000 jobs. Michael Wells,
president and chief executive officer of Jackson, discussed the project this
morning at a news conference for local and state government officials,
including Michigan Governor Rick Snyder and Lansing Mayor Virg Bernero, as
well as several of the company’s charitable and community partners. This
project is contingent on state and local regulatory approvals.

The company hopes to break ground on the expansion later this year. Initial
plans propose a 260,000-square-foot addition adjacent to the existing facility
at 1 Corporate Way that will include a conference center. Additionally,
Jackson will build an 80,000-square-foot Data Imaging Center on the property.
The company plans to work closely with local and state partners to preserve
the natural environment surrounding its Lansing campus.

“Jackson has called mid-Michigan home for the past 52 years and we owe much of
our success to the support of the surrounding community and the people who
have made Jackson what it is today,” Wells said. “This expansion allows us to
continue to invest in Lansing and Michigan, as well as in our dedicated,
talented associates. Our associate base has doubled in size since we opened
this building in 2000 and I am confident this project will enable us to
continue to expand our footprint in the financial services industry
nationally. Through this growth, Jackson and its employees will have the
opportunity to make an even larger impact on local charitable organizations
with corporate giving and volunteer time. ’’

Jackson is a leading provider of retirement products and solutions as well as
educational resources for industry professionals and clients. In his remarks,
Wells attributed the company’s growth largely to its focus on innovation,
education and technology advancements that provide Jackson the opportunity to
offer a diverse range of retirement solutions. Jackson, the largest seller of
annuities in the U.S.^1, has consistently delivered significant, profitable
growth. The company achieved its strongest year ever in 2012 with record sales
of more than $25 billion and record profitability — nearly $1 billion of IFRS
net income^2, a 73-percent increase over 2011. Jackson’s 175-acre Lansing
campus currently includes a 323,000-square-foot building, an accredited child
development center and data center where the company does “on-shore”
processing for countries outside the U.S. Jackson also has a
150,000-square-foot secondary office in south Lansing that houses Jackson
employees and some external tenants.

Michigan Governor Rick Snyder said Jackson’s decision to continue to invest in
Lansing is a testament to the company’s commitment to Michigan and its
citizens.

“Jackson continues to provide quality employment opportunities, is strongly
committed to our communities and has proved to be a key partner for our
state,’’ Snyder said. “I am pleased that the company is helping to drive
Michigan’s comeback and I look forward to working with it on more projects in
the future.’’

The Lansing campus was chosen for expansion in part because of its proximity
to several top-tier universities and nearby large metropolitan areas for staff
recruitment. Jackson currently employs 2,100 people in Lansing and more than
4,300 nationwide. The company also has major regional offices in Franklin,
Tenn., Chicago, Ill., and Denver, Colo. In 2012, Jackson expanded its
workforce by nearly 350 jobs nationwide, with more than 150 jobs added to the
Lansing team.

Lansing Mayor Virg Bernero said Jackson’s decision to stay and grow in Lansing
is exactly the type of commitment the community needs from large companies.

“When successful companies like Jackson continue to show support to Lansing by
making a sizable investment like this, the impact is much greater than the
monetary amount,’’ Bernero said. “Jackson plays a key role in mid-Michigan by
providing thousands of jobs while also giving so much time and support to
charitable efforts across our community.’’

Robert L. Trezise, Jr., president and CEO of the Lansing Economic Area
Partnership (LEAP), called the Jackson expansion an extraordinary example of
regional cooperation. In 2008, he said, Bernero and Steve Lott, Alaiedon
Township supervisor, signed a 425 revenue sharing agreement that led the way
to this project.

“This agreement made way for a personal property tax exemption to make today’s
proposed expansion possible,’’ Trezise said. “In addition to that effort, it
is LEAP’s privilege to conclude the incentive package necessary to grow
Jackson here rather than out of our region and state. Jackson is an economic
giant in our region, impacting thousands and thousands of families on a daily
basis. We are proud that Jackson continues to call Lansing home.”

^1 Source: LIMRA U.S. Individual Annuities Sales Survey, Fourth Quarter 2012
YTD. Jackson ranked first in total annuity sales out of 58 participating
companies that reported sales during the period.

^2 International Financial Reporting Standards (IFRS) are a principles-based
set of international accounting standards indicating how transactions and
other events should be reported in financial statements. IFRS are issued by
the International Accounting Standards Board in an effort to increase global
comparability of financial statements and results. Jackson’s parent,
Prudential plc, uses IFRS to report the Group's financial results.

Please remember that a Jackson annuity is intended to be a long-term,
tax-deferred vehicle for retirement. An annuity's earnings are taxable as
ordinary income when withdrawn and, if taken before age 59 1/2, may be subject
to a 10% additional tax. Variable annuities involve investment risks and may
lose value.

Before investing in variable products, investors should carefully consider the
investment objectives, risks, charges and expenses of the variable product and
its underlying investment options. The current contract prospectus and
underlying fund prospectuses, which are contained in the same document,
provide this and other important information. Please contact your
representative or the Company to obtain the prospectuses. Please read the
prospectuses carefully before investing or sending money.

About Jackson National Life Insurance Company

Jackson is a leading provider of retirement solutions for industry
professionals and their clients. The company offers a diverse range of
products including variable, fixed and fixed index annuities designed for
tax-efficient accumulation and distribution of retirement income for retail
customers, and fixed income products for institutional investors. Jackson
subsidiaries and affiliates provide specialized asset management and retail
brokerage services. With $165.4 billion in assets*, Jackson prides itself on
product innovation, sound corporate risk management practices and strategic
technology initiatives. Focused on thought leadership and education, the
company develops proprietary research, industry insights and financial
representative training on retirement planning and alternative investment
strategies. Jackson is also dedicated to corporate social responsibility and
supports charities focused on helping children and seniors in the communities
where its employees live and work. For more information, visit
www.jackson.com.

Jackson is the marketing name for Jackson National Life Insurance Company,
Jackson National Life Insurance Company of New York^® and Jackson National
Life Distributors LLC.

*Jackson had $165.4 billion in total IFRS assets and $150.9 billion in IFRS
policy liabilities primarily set aside to pay future policyowner benefits as
of December 31, 2012. International Financial Reporting Standards (IFRS) is a
principles-based set of international accounting standards indicating how
transactions and other events should be reported in financial statements. IFRS
is issued by the International Accounting Standards Board in an effort to
increase global comparability of financial statements and results. IFRS is
used by Jackson’s parent company.

Annuities are issued by Jackson National Life Insurance Company (Home Office:
Lansing, Michigan) and Jackson National Life Insurance Company of New York
(Home Office: Purchase, New York). Contact your representative or the Company
for more information.

Jackson National Life Insurance Company is an indirect subsidiary of
Prudential plc, a company incorporated in England and Wales. Prudential plc
and its affiliated companies constitute one of the world's leading financial
services groups. It has been in existence for 165 years and has $658.3 billion
in assets under management (as of December 31, 2012). Prudential plc is not
affiliated in any manner with Prudential Financial, Inc., a company whose
principal place of business is in the United States of America.

The following cautionary statement is included to make applicable and take
advantage of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 for any forward-looking statements made by, or on behalf
of, Jackson National Life Insurance Company. Forward-looking statements
include statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other statements which
are other than statements of historical facts. However, as with any projection
or forecast, forward-looking statements are inherently susceptible to a number
of risks and uncertainties and actual results and events could differ
materially from those currently being anticipated as reflected in such
forward-looking statements. There can be no assurance that management’s
expectations, beliefs or projections will result or be achieved or
accomplished.

Contact:

Jackson National Life Insurance Company
Katie Rexrode, (517) 819.3913
katie.rexrode@jackson.com
 
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