SUPPLEMENT
TO THE
PROSPECTUS
DATED SEPTEMBER 1, 2000
FOR
PERSPECTIVE ADVISORS FIXED AND VARIABLE ANNUITY (NY)
JNLNY SEPARATE ACCOUNT II
On page 13, the section titled "DEATH OF OWNER BEFORE THE INCOME DATE" should be
deleted and replaced in its entirety with the following:
DEATH OF OWNER BEFORE THE INCOME DATE. If you or any joint owner die before
moving to the income phase, the person you have chosen as your beneficiary will
receive a death benefit. If you have a joint owner, the death benefit will be
paid when the first joint owner dies, unless the joint owner is the deceased
owner's spouse who elects to continue the contract. The surviving joint owner
will be treated as the beneficiary. Any other beneficiary designated will be
treated as a contingent beneficiary.
The death benefit is the GREATER OF:
1. the current value of your contract at the end of the business
day when we receive proof of death and a payment election at
our service center; OR
2. the total premiums paid prior to death of the owner, minus any
withdrawals, charges, fees and premium taxes incurred; OR
3. the greatest anniversary value until the Owner's 81st
birthday. The anniversary value is defined as the contract
value on the first day of each contract year, less any
withdrawals since that anniversary.
The entire death benefit must be paid within 5 years of the date of death unless
the beneficiary elects to have the death benefit payable under an income option.
The death benefit payable under an income option must be paid over the
beneficiary's lifetime or for a period not extending beyond the beneficiary's
life expectancy. Payments must begin within one year of the date of death.
Unless the beneficiary chooses to receive the death benefit in a single sum, the
beneficiary must elect an income option within the 60 day period beginning with
the date Jackson National NY receives proof of death. If the beneficiary chooses
to receive the death benefit in a single sum and all the necessary requirements
are met, Jackson National NY will pay the death benefit within 7 days. If the
beneficiary is your spouse, he/she can continue the contract in his/her own name
at the then current contract value.
This Supplement is dated September 1, 2000.
