JACKSON NATIONAL LIFE INSURANCE COMPNAY OF NEW YORK
2900 Westchester Avenue
Purchase, New York 10577
A Stock Company [LOGO]
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CONTRACT ENHANCEMENT ENDORSEMENT
This endorsement is made a part of the Contract to which it is attached. The
terms of the Contract also apply to this endorsement except as they are changed
by the terms of this endorsement. The Contract is endorsed as follows:
1. The CONTRACT DATA PAGE is amended by the addition of the following:
Contract Enhancement Charge. On an annual basis, this charge equals 0.425% of
the daily net asset value of the Portfolios. This charge will also be assessed
against the Guaranteed Periods, resulting in a credited interest rate of 0.425%
less than the annual credited interest rate that would apply to the Guaranteed
Period if the Contract Enhancement had not been elected. However, in no event
will the interest rate credited to the Guaranteed Periods go below the 3%
Minimum Guaranteed Rate. This charge will only be applied during the first seven
Contract Years.
Recapture Charge. The Contract Enhancement will be recaptured whenever a
withdrawal of the corresponding Premium is made (except as provided in the Free
Withdrawal provision), in the event of payments under an income option, or upon
the exercise of the Right to Examine period, in accordance with the following
schedule:
Contribution Year of Premium Recapture Charge Percentage
----------------------------- ---------------------------
1 and 2 3%
3, 4 and 5 2%
6 and 7 1%
After year 7 0%
2. The following DEFINITION is added to the Contract:
CONTRACT ENHANCEMENT. The Company will add a credit to the Contract Value of 3%
of each Premium received during the first Contract Year. The Contract
Enhancement is not credited for Premium received after the first Contract Year.
3. The GENERAL PROVISIONS is amended by the addition of the following
provision:
CONTRACT ENHANCEMENT. The Company will credit 3% of each Premium payment
received during the first Contract Year for an additional charge as indicated on
the Contract Data Page. The Company will discontinue deducting this charge after
the seventh Contract Year. The Contract Enhancement will be recaptured whenever
a withdrawal of the corresponding Premium is made (except as provided in the
Free Withdrawal provision), in the event of payments under an income option, or
upon the exercise of the Right to Examine period, in accordance with the
Recapture Charge schedule.
4. The INTEREST RATE ADJUSTMENT section of the ACCUMULATION PROVISIONS FOR
GUARANTEED PERIOD is amended by the addition of the following sentence:
I and J will not include any Contract Enhancement or Contract Enhancement
Charge.
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5. The WITHDRAWAL PROVISION is amended by revising the second paragraph of
the WITHDRAWAL CHARGE provision:
The Withdrawal Charge will be deducted from the remaining Contract Value such
that the actual reduction in Contract Value as a result of the withdrawal may be
greater than the withdrawal amount requested and paid. For purposes of
determining the Withdrawal Charge, withdrawals will be allocated first to
earnings, if any (which may be withdrawn free of Withdrawal Charge), and then to
Premium to which the lowest (if any) charges apply.
6. The WITHDRAWAL PROVISION is amended by the addition of the following
provision:
RECAPTURE CHARGE. The Contract Enhancement will be recaptured whenever a
withdrawal of the corresponding Premium is made (except as provided in the Free
Withdrawal provision), in the event of payments under an income option, or upon
the exercise of the Right to Examine period, in accordance with the following
schedule:
Contribution Year of Premium Recapture Charge Percentage
----------------------------- ---------------------------
1 and 2 3%
3, 4 and 5 2%
6 and 7 1%
After year 7 0%
The Recapture Charge percentage will be applied to the portion of the
corresponding Premium reflected in the amount withdrawn (except as provided in
the Free Withdrawal provision). The amount recaptured will be taken from the
Portfolios and the Guaranteed Periods in the same proportion as the Withdrawal
Charge.
7. The third paragraph in the INCOME OPTIONS provision is amended by the
addition of the following sentence:
The Contract Value will be reduced by any applicable Recapture Charge prior to
being applied to an Income Option.
Signed for the Jackson National Life
Insurance Company of New York
/S/ THOMAS J. MEYER
Secretary
