Jackson National Separate Account I

04/27/2026 | Press release | Distributed by Public on 04/27/2026 09:43

Updating Summary Prospectus (Form 497VPU)


UPDATING SUMMARY PROSPECTUS

April 27, 2026

PERSPECTIVE ADVISORY II®
FLEXIBLE PREMIUM VARIABLE AND FIXED DEFERRED ANNUITY

Issued by
Jackson National Life Insurance Company® through
Jackson National Separate Account - I

This Updating Summary Prospectus summarizes certain key features of your Perspective Advisory II® Flexible Premium Variable and Fixed Deferred Annuity contract ("Contract"). This Updating Summary Prospectus also provides a summary of Contract features that have changed.

The prospectus for the Contract contains more information about the Contract, including its features, benefits, and risks. You can find the current prospectus and other information about the Contract online at www.jackson.com/product-literature-5.html. To request a free paper or email copy of this information, please call 1-800-644-4565 or send an email request to [email protected].

Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at www.Investor.gov.

The Securities and Exchange Commission has not approved or disapproved this Contract or passed upon the adequacy of this Summary Prospectus. Any representation to the contrary is a criminal offense.


TABLE OF CONTENTS
DEFINITIONS
1
UPDATED INFORMATION ABOUT YOUR CONTRACT
2
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT
7
APPENDIX A (INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT)
A-1
BACK COVER PAGE
B-1






DEFINITIONS

Completed Year - the succeeding twelve months from the date on which we receive a Premium payment. Completed Years specify the years from the date of receipt of the Premium and does not refer to Contract Years.

Contract - the individual deferred variable and fixed annuity contract and any optional endorsements you may have selected.

Contract Anniversary - each one-year anniversary of the Contract's Issue Date.

Contract Year - the succeeding twelve months from a Contract's Issue Date and every anniversary. The first Contract Year (Contract Year 0-1) starts on the Contract's Issue Date and extends to, but does not include, the first Contract Anniversary. Subsequent Contract Years start on an anniversary date and extend to, but do not include, the next anniversary date.

For example, if the Issue Date is January 15, 2026, then the end of Contract Year 0-1 would be January 14, 2027, and January 15, 2027, which is the first Contract Anniversary, begins Contract Year 1-2.

Fixed Account - part of our General Account to which the Contract Value you allocate is guaranteed to earn a stated rate of return over the specified period. The Fixed Account consists of the Fixed Account Options.

Fixed Account Option - a Contract option within the Fixed Account for a specific period under which a stated rate of return will be credited.

Fund - a registered investment company in which an Investment Division of the Separate Account invests.

General Account - the General Account includes all our assets, including any Contract Value allocated to the Fixed Account, which is available to our creditors.

Investment Division - one of multiple variable options of the Separate Account to allocate your Contract's value, each of which exclusively invests in a different available Fund. The Investment Divisions are called variable because the return on investment is not guaranteed.

Issue Date - the date your Contract is issued.

Jackson, JNL, we, our, or us - Jackson National Life Insurance Company. (We do not capitalize "we," "our," or "us" in the prospectus.)

Owner, you, or your - the natural person or legal entity entitled to exercise all rights and privileges under the Contract. Any reference to the Owner includes any joint Owner.

Premium(s) - considerations paid into the Contract by or on behalf of the Owner.

Separate Account - Jackson National Separate Account - I. The Separate Account is divided into sub-accounts generally referred to as Investment Divisions.

1

UPDATED INFORMATION ABOUT YOUR CONTRACT

The information in this Updating Summary Prospectus is a summary of certain Contract features that have changed since the prospectus dated April 28, 2025. This may not reflect all of the changes that have occurred since you entered into your Contract.

General Product Changes

Effective March 2, 2026, the current charges for expedited delivery applicable to your Contract have increased. The new fees for these services are as follows:

1.Between Monday and Friday, the current Expedited Delivery Charge is $23.
2.On Saturday, the current Expedited Delivery Charge is $38.

Benefit-Related Changes

Add-On Benefit Changes

Effective July 21, 2025, the following change was made to the Contract:

1.For Contracts issued on or after July 21, 2025, Flex DB will now offer a 7th Contract Anniversary step-up feature.
2.The Roll-up GMDB and Combination Roll-up and Highest Quarterly Anniversary Value GMDB Roll-up Percentages changed as follows:

From:
Add-on Benefit Name Roll-up Percentage
Age 69 or younger Age 70 or older
Roll-up GMDB 5.00% 4.00%
Combination Roll-up and Highest Quarterly Anniversary Value GMDB 5.00% 4.00%

To:
Add-on Benefit Name Roll-up Percentage
Age 69 or younger Age 70 or older
Roll-up GMDB 6.00% 5.00%
Combination Roll-up and Highest Quarterly Anniversary Value GMDB 6.00% 5.00%

Effective April 27, 2026, the following change was made to to the Contract:

1.The maximum annual fee for a single optional benefit increased from 1.95% to 2.00%.
2.The current annual charges for add-on benefits changed as follows:

From:
Add-on Benefit Name Current Annual Charge Charge Basis
AutoGuard 0.85% GWB
Flex GMWB (Single)
Plus: 1.65%
GWB
Core: 1.15%
Value: 0.30%
Flex GMWB (Joint)
Plus: 1.95%
GWB
Core: 1.45%
Value: 0.60%
2

Flex Net GMWB (Single)
Core: 1.30%
GWB
Value: 0.45%
Flex Net GMWB (Joint)
Core: 1.60%
GWB
Value: 0.75%
Flex Strategic Income GMWB (Single) 1.75% GWB
Flex Strategic Income GMWB (Joint) 1.85% GWB
MarketGuard Stretch 1.10% GMWB Charge Base
Return of Premium GMDB
0.20% GMDB Benefit Base
Roll-up GMDB 1.15% GMDB Benefit Base
Highest Quarterly Anniversary Value GMDB 0.50% GMDB Benefit Base
Combination Roll-up and Highest Quarterly Anniversary Value GMDB 1.25% GMDB Benefit Base
Flex DB*
With Flex Value: 1.00%
GMWB Death Benefit
With Flex Core: 1.00%

To:
Add-on Benefit Name Current Annual Charge Charge Basis
AutoGuard 0.85% GWB
Flex GMWB (Single) Plus: 1.70% GWB
Core: 1.25%
Value: 0.30%
Flex GMWB (Joint) Plus: 2.00% GWB
Core: 1.55%
Value: 0.60%
Flex Net GMWB (Single) Core: 1.40% GWB
Value: 0.45%
Flex Net GMWB (Joint) Core: 1.70% GWB
Value: 0.75%
Flex Strategic Income GMWB (Single) 1.75% GWB
Flex Strategic Income GMWB (Joint) 1.85% GWB
MarketGuard Stretch 1.10% GMWB Charge Base
Return of Premium GMDB
0.20% GMDB Benefit Base
Roll-up GMDB 1.15% GMDB Benefit Base
Highest Quarterly Anniversary Value GMDB 0.50% GMDB Benefit Base
Combination Roll-up and Highest Quarterly Anniversary Value GMDB 1.25% GMDB Benefit Base
Flex DB*
With Flex Value: 1.00%
GMWB Death Benefit
With Flex Core: 1.00%















3

3.The current GAWA% for Flex GMWB (Single) and (Joint) add-on benefits changed as follows:

From:
Flex GMWB (Single)
Benefit Option Value Core Plus
Bonus 5% 6% 7%
Step-Up Annual Contract Value Annual Contract Value Quarterly Contract Value
GWB Adjustment 105% 105% 200%
GAWA Percentages Ages GAWA% Ages GAWA % Ages GAWA%
35-59 3.00% 35-59 4.00% 35-59 4.00%
60-64 3.00% 60-64 4.00% 60-64
4.25%
65-69 4.00% 65-69
5.40%
65-69
5.80%
70-74 4.15% 70-74
5.60%
70-74
6.00%
75-80 4.25% 75-80
5.80%
75-80
6.20%
81+ 4.50% 81+
6.05%
81+
6.45%

To:
Flex GMWB (Single)
Benefit Option Value Core Plus
Bonus 5% 6% 7%
Step-Up Annual Contract Value Annual Contract Value Quarterly Contract Value
GWB Adjustment 105% 105%
200%
GAWA Percentages Ages GAWA% Ages GAWA % Ages GAWA%
35-59
3.00%
35-59
4.00%
35-59
4.00%
60-64
3.00%
60-64
4.00%
60-64
4.35%
65-69
4.00%
65-69
5.55%
65-69
5.85%
70-74
4.15%
70-74
5.75%
70-74
6.05%
75-80
4.25%
75-80
5.95%
75-80
6.25%
81+
4.50%
81+
6.20%
81+
6.50%

From:
Flex GMWB (Joint)
Benefit Option Value Core Plus
Bonus 5% 6% 7%
Step-Up Annual Contract Value Annual Contract Value Quarterly Contract Value
GWB Adjustment 105% 105%
200%
GAWA Percentages Ages GAWA% Ages GAWA % Ages GAWA%
35-59 2.75% 35-59 3.75% 35-59 3.75%
60-64 2.75% 60-64 3.75% 60-64
4.00%
65-69 4.00% 65-69
5.05%
65-69
5.40%
70-74
4.15%
70-74
5.25%
70-74
5.60%
75-80 4.25% 75-80
5.45%
75-80
5.80%
81+ 4.50% 81+
5.70%
81+
6.05%







4

To:
Flex GMWB (Joint)
Benefit Option Value Core Plus
Bonus 5% 6% 7%
Step-Up Annual Contract Value Annual Contract Value Quarterly Contract Value
GWB Adjustment 105% 105%
200%
GAWA Percentages Ages GAWA% Ages GAWA % Ages GAWA%
35-59 2.75% 35-59 3.75% 35-59 3.75%
60-64 2.75% 60-64 3.75% 60-64
4.10%
65-69 4.00% 65-69
5.20%
65-69
5.45%
70-74
4.15%
70-74
5.40%
70-74
5.65%
75-80 4.25% 75-80
5.60%
75-80
5.85%
81+ 4.50% 81+
5.85%
81+
6.10%

4.The current GAWA% for Flex Net GMWB (Single) and (Joint) add-on benefits changed as follows:

From:
Flex Net GMWB (Single)
Benefit Option Value Core
Bonus 5% 6%
Step-Up Annual Contract Value Annual Contract Value
GWB Adjustment 105% 105%
GAWA Percentages Ages GAWA% Ages GAWA %
35-59
3.00%
35-59
4.00%
60-64
3.00%
60-64
4.00%
65-69
4.00%
65-69
5.40%
70-74
4.15%
70-74
5.75%
75-80
4.25%
75-80
5.95%
81+
4.50%
81+
6.50%

To:
Flex Net GMWB (Single)
Benefit Option Value Core
Bonus 5% 6%
Step-Up Annual Contract Value Annual Contract Value
GWB Adjustment 105% 105%
GAWA Percentages Ages GAWA% Ages GAWA %
35-59
3.00%
35-59
4.00%
60-64
3.00%
60-64
4.00%
65-69
4.00%
65-69
5.55%
70-74
4.15%
70-74
5.75%
75-80
4.25%
75-80
5.95%
81+
4.50%
81+
6.50%






5

From:
Flex Net GMWB (Joint)
Benefit Option Value Core
Bonus 5% 6%
Step-Up Annual Contract Value Annual Contract Value
GWB Adjustment 105% 105%
GAWA Percentages Ages GAWA% Ages GAWA %
35-59 2.75% 35-59 3.75%
60-64 2.75% 60-64
3.75%
65-69 4.00% 65-69
5.05%
70-74
4.15%
70-74
5.25%
75-80 4.25% 75-80
5.45%
81+ 4.50% 81+
5.70%

To:
Flex Net GMWB (Joint)
Benefit Option Value Core
Bonus 5% 6%
Step-Up Annual Contract Value Annual Contract Value
GWB Adjustment 105% 105%
GAWA Percentages Ages GAWA% Ages GAWA %
35-59 2.75% 35-59 3.75%
60-64 2.75% 60-64
4.10%
65-69 4.00% 65-69
5.45%
70-74
4.15%
70-74
5.65%
75-80 4.25% 75-80
5.85%
81+ 4.50% 81+
6.10%
6

IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT

FEES, EXPENSES, AND ADJUSTMENTS
Location in Prospectus
Are There Charges or Adjustments for Early Withdrawals?
Yes. If all or a portion of Contract Value is removed from a Fixed Account Option before the end of the Fixed Account Option term, we will apply a Market Value Adjustment, which may be negative. The Market Value Adjustment applies to partial or total withdrawals or transfers from a Fixed Account Option (other than the GMAB Fixed Account Option) prior to the end of the specified Fixed Account Option term. You could lose up to 100% of any credited interest due to this Market Value Adjustment. However, a negative Market Value Adjustment will never cause you to lose any of your original investment. For example, if you allocate $100,000 to a 3-year Fixed Account Option, and earn 2.5% interest annually, after one year your investment has grown to $102,500. If you then withdraw the entire amount after only one year, you could lose up to $2,500 of your credited interest. This loss will be greater if you also have to pay a Withdrawal Charge, taxes, and tax penalties.
Contract Adjustments- Market Value Adjustment
Are There Transaction Charges?
Yes. You may be charged for certain transactions, such as when you transfer cash value between investment options more than 25 times a year, or if you request expedited delivery or wire transfer of funds. Under certain circumstances, you may elect to have advisory fees directly deducted from your Contract Value and automatically transmitted to your third-party financial professional, subject to certain administrative rules.
Charges and Adjustments- Transaction Expenses
Are There Ongoing Fees and Expenses?
(annual charges)
Yes. The table below describes the fees and expenses that you may pay each year, depending on the options you choose. Please refer to your Contract Data Pages for information about the specific fees you will pay each year based on the options you have elected. The fees and expenses disclosed below do not reflect any advisory fees paid to third-party financial professionals from your Contract Value or other assets. If such advisory fees were reflected, the fees and expenses disclosed below would be higher.
Charges and Adjustments- Add-On Benefit Expenses
ANNUAL FEE MINIMUM MAXIMUM
1. Base Contract1
0.46% 0.46%
Charges and Adjustments- Annual Contract Expenses: Core Contract Charge
2. Fund fees and expenses2
0.26% 2.08%
Charges and Adjustments- Fund Expenses
3. Optional benefits available for an additional charge (for a single optional benefit, if elected)3
See current Rate Sheet Prospectus Supplement
See current Rate Sheet Prospectus Supplement
Charges and Adjustments- Add-On Benefit Expenses

Rate Sheet Prospectus Supplement
1.As a percentage of average daily Contract Value of the Investment Divisions.
2.As a percentage of average Fund net assets.
3.This prospectus utilizes Rate Sheet Prospectus Supplements to describe the current minimum and maximum charges you would pay for a single optional benefit, if elected. To obtain a copy of the most recent Rate Sheet Prospectus Supplement(s), please visit www.jackson.com/product-literature-5.html.
Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges.
7

LOWEST ANNUAL COST: See Current Rate Sheet Prospectus Supplement HIGHEST ANNUAL COST: See Current Rate Sheet Prospectus Supplement Rate Sheet Prospectus Supplement
Assumes:
•Investment of $100,000
•5% annual appreciation
•Least expensive combination of Fund fees and expenses
•No add-on benefits
•No sales charges
•No additional purchase payments, transfers or withdrawals
Assumes:
•Investment of $100,000
•5% annual appreciation
•Most expensive combination of add-on benefits and Fund fees and expenses
•No sales charges
•No additional purchase payments, transfers or withdrawals
RISKS Location in Prospectus
Is There a Risk of Loss from Poor Performance?
Yes. You can lose money by investing in this Contract.
Principal Risks
Is this a Short-Term Investment?
No. This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash. Amounts removed from a Fixed Account Option prior to the end of a Fixed Account Option term may also result in a negative Market Value Adjustment. The benefits of tax deferral also mean the Contract is more beneficial to investors with a long time horizon.
Principal Risks
What Are the Risks Associated with the Investment Options?
An investment in this Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options you choose. Each investment option (Investment Divisions and Fixed Account Options) has its own unique risks. Early withdrawals from a Fixed Account Option may be subject to a Market Value Adjustment. You should review the investment options before making an investment decision.
Principal Risks
What Are the Risks Related to the Insurance Company?
Any obligations (including under the Fixed Account Options), guarantees, and benefits of the Contract are subject to the claims-paying ability of Jackson. More information about Jackson is available upon request by visiting our website at www.jackson.com or by calling 1-800-644-4565.
Principal Risks
8

RESTRICTIONS
Are There Restrictions on the Investment Options?
Yes.

Premium Payments.
•The minimum initial Premium payment must be at least $25,000 for both non-qualified and qualified plan Contracts.
•The minimum subsequent Premium payment must be at least $500 ($50 for an automatic payment plan).
•The maximum aggregate Premium payments you may make without our prior approval is $1 million.
•There is a minimum allocation requirement of $100.
•We reserve the right, in our discretion, to limit, restrict, suspend or reject any or all initial or subsequent Premium payments and to limit the amount, frequency or timing of Premium payments, at any time on a non-discriminatory basis.

Transfers.
•We reserve the right to charge $25 for each transfer when you transfer money between Investment Divisions in excess of 25 times in a Contract Year.

Investment Restrictions
•Jackson may remove or substitute Funds as investment options available under the Contract, and may limit or suspend availability of the Fixed Account Options.
•The availability of investment options may vary depending on the broker-dealer or financial intermediary through which the Contract is sold. You should discuss with your financial professional any limitations or restrictions on investment options that apply through their broker-dealer.
Purchases

Principal Risks

Appendix J: Financial Intermediary Variations
Are There any Restrictions on Contract Benefits?
Yes. Certain benefits may limit withdrawals or other rights under the Contract. Under certain benefits, a withdrawal could reduce the value of a benefit by more than the dollar amount of the withdrawal. An add-on benefit's availability may vary by state or date of purchase. We may modify or discontinue an add-on benefit at any time. Under certain circumstances, you may elect to have the advisory fee directly deducted from your Contract Value and automatically transmitted to your third-party financial professional, subject to certain administrative rules. If you do elect to pay your advisory fees via direct deductions under our rules, these deductions will reduce the basic death benefit. The availability of Contract benefits may vary depending on the broker-dealer or financial intermediary through which the Contract is sold. You should discuss with your financial professional any limitations or restrictions on Contract benefits that apply through their broker-dealer.

Benefits Available Under the Contracts

Appendix J: Financial Intermediary Variations
TAXES
What Are the Contract's Tax Implications?
•Consult with a tax professional to determine the tax implications of an investment in and purchase payments received under this Contract.
•If you purchase the Contract through a tax-qualified plan or individual retirement account (IRA), you do not get any additional tax deferral.
•Earnings on your Contract are taxed at ordinary income tax rates when you withdraw them, and you may have to pay a penalty if you take a withdrawal before age 59 ½.
Taxes
9

CONFLICTS OF INTEREST
How Are Investment
Professionals
Compensated?
Your financial professional or other investment professionals may receive compensation for selling this Contract to you in the form of advisory fees, revenue sharing, and other compensation programs. Accordingly, investment professionals may have a financial incentive to offer or recommend this Contract over another investment. Distribution of Contracts
Should I Exchange My Contract?
Some investment professionals may have a financial incentive to offer you a new contract in place of the one you own. You should only consider exchanging your contract if you determine, after comparing the features, fees, and risks of both contracts, that it is in your best interest to purchase the new contract rather than continue to own your existing contract. Non-Qualified Contracts - 1035 Exchanges
10

APPENDIX A

INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT

The availability of investment options may vary depending on the broker-dealer or financial intermediary through which the Contract is sold. See: Appendix J: Financial Intermediary Variations in the prospectus for more information. You can find the prospectus online at www.jackson.com/product-literature-5.html.

The following is a list of Funds (all Class I shares) available under the Contract, which is subject to change, as discussed in the prospectus. Certain broker-dealers selling the Contracts may limit the Investment Divisions that are available to their customers. You can find information about the Funds online at https://www.jackson.com/fund-literature.html. You can also request this information at no cost by calling 1-800-644-4565 or by sending an email request to [email protected].

The current expenses and performance information below reflects fees and expenses of the Funds, but does not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these charges were included. Each Fund's past performance is not necessarily an indication of future performance.

Fund Type Fund and Manager*
(and Sub-Adviser, if applicable)
*The investment manager for each Fund is Jackson National Asset Management, LLC 		Current Expenses Average Annual Total Returns (as of 12/31/25)
1 year
5 year
10 year
Allocation
JNL/American Funds Balanced Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
0.60%2
15.83%
8.91%
9.45%
Fixed Income
JNL/American Funds Bond Fund of America Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
0.52%2
7.13%
N/A
N/A
Allocation
JNL/American Funds Capital Income Builder Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
0.65%2
20.22%
8.95%
N/A
International/
Global Equity
JNL/American Funds Global Growth Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
0.75%2
21.55%
8.16%
N/A
U.S. Equity
JNL/American Funds Growth Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
0.59%2
20.23%
13.36%
N/A
U.S. Equity
JNL/American Funds Growth-Income Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
0.61%2
17.99%
13.82%
13.80%
International/
Global Equity
JNL/American Funds International Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
0.81%2
26.62%
3.30%
6.89%
International/
Global Equity
JNL/American Funds New World Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
0.96%2
28.12%
5.19%
9.11%
U.S. Equity
JNL/American Funds® Washington Mutual Investors Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)
0.61%2
17.09%
13.77%
12.27%
Alternative
JNL Multi-Manager Alternative Fund
(Boston Partners Global Investors, Inc.; DoubleLine Capital LP; First Pacific Advisors, LP; Kayne Anderson Rudnick Investment Management, LLC; Lazard Asset Management LLC; Loomis, Sayles & Company, L.P.; Westchester Capital Management, LLC
2.00%2
9.79%
4.52%
N/A
A-1

Fund Type Fund and Manager*
(and Sub-Adviser, if applicable)
*The investment manager for each Fund is Jackson National Asset Management, LLC 		Current Expenses Average Annual Total Returns (as of 12/31/25)
1 year
5 year
10 year
International/
Global Equity
JNL Multi-Manager Emerging Markets Equity Fund
(GQG Partners LLC, Kayne Anderson Rudnick Investment Management, LLC; T. Rowe Price Associates, Inc. (Sub-Sub-Adviser: T. Rowe Price Hong Kong Limited); WCM Investment Management, LLC
0.92%
24.59%
1.97%
6.02%
Fixed Income
JNL Multi-Manager Floating Rate Income Fund
(PPM America, Inc.; FIAM LLC)
0.65%
4.13%
4.99%
N/A
Allocation
JNL Multi-Manager Global Small Cap Fund
0.86%
14.57%
0.44%
7.19%
International/
Global Equity
JNL Multi-Manager International Equity Fund
(Causeway Capital Management LLC; Lazard Asset Management LLC; WCM Investment Management, LLC; William Blair Investment Management, LLC)
0.67%
23.78%
2.20%
5.47%
International/
Global Equity
JNL Multi-Manager International Small Cap Fund4
(Causeway Capital Management LLC; FIAM LLC (Sub-Sub-Adviser: FMR Investment Management (UK) Limited); WCM Investment Management, LLC)
0.90%
25.88%
5.66%
N/A
U.S. Equity
JNL Multi-Manager Mid Cap Fund
(Champlain Investment Partners, LLC; Kayne Anderson Rudnick Investment Management, LLC; River Road Asset Management, LLC; Victory Capital Management Inc.)
0.76%
2.13%
5.21%
N/A
U.S. Equity
JNL Multi-Manager Select Equity Fund
(GQG Partners, LLC; River Road Asset Management, LLC; WCM Investment Management, LLC)
0.69%2
16.39%
N/A
N/A
U.S. Equity
JNL Multi-Manager Small Cap Growth Fund
(BAMCO, Inc.; Driehaus Capital Management, LLC; Granahan Investment Management, Inc.; Kayne Anderson Rudnick Investment Management, LLC; Segall Bryant & Hamill, LLC; WCM Investment Management, LLC)
0.68%
3.87%
-0.99%
9.71%
U.S. Equity
JNL Multi-Manager Small Cap Value Fund
(Congress Asset Management Company, LLP; Cooke & Bieler, L.P.; Reinhart Partners, Inc.; River Road Asset Management, LLC; WCM Investment Management, LLC
0.77%
3.01%
8.32%
8.90%
Allocation
JNL Moderate ETF Allocation Fund
(Mellon Investments Corporation)
0.53%
12.48%
4.50%
N/A
Allocation
JNL Moderate Growth ETF Allocation Fund
(Mellon Investments Corporation)
0.53%
15.01%
6.22%
N/A
Allocation
JNL Growth ETF Allocation Fund
(Mellon Investments Corporation)
0.55%
16.97%
7.91%
N/A
Allocation
JNL/American Funds Moderate Allocation Fund
0.67%
13.54%
N/A
N/A
Allocation
JNL/American Funds Moderate Growth Allocation Fund
0.68%
16.63%
6.04%
N/A
Allocation
JNL/American Funds Growth Allocation Fund
0.69%
18.86%
7.84%
N/A
Allocation
JNL/BlackRock Global Allocation Fund
(BlackRock Investment Management, LLC; Sub-Sub-Advisers: BlackRock International Limited and BlackRock (Singapore) Limited)
0.76%
19.08%
6.39%
7.77%
A-2

Fund Type Fund and Manager*
(and Sub-Adviser, if applicable)
*The investment manager for each Fund is Jackson National Asset Management, LLC 		Current Expenses Average Annual Total Returns (as of 12/31/25)
1 year
5 year
10 year
Alternative
JNL/BlackRock Global Natural Resources Fund4
(BlackRock International Limited)
0.70%
30.19%
13.95%
9.00%
U.S. Equity
JNL/BlackRock Large Cap Select Growth Fund
(BlackRock Investment Management, LLC)
0.53%2
11.74%
10.74%
15.51%
International/
Global Equity
JNL/Causeway International Value Select Fund
(Causeway Capital Management LLC)
0.66%
43.44%
14.46%
10.26%
Sector Equity
JNL/Cohen & Steers U.S. Realty Fund4
(Cohen & Steers Capital Management, Inc.)
0.74%
3.06%
5.04%
N/A
International/
Global Equity
JNL/DFA International Core Equity Fund
(Dimensional Fund Advisors LP)
0.56%2
35.75%
10.11%
N/A
U.S. Equity
JNL/DFA U.S. Core Equity Fund
(Dimensional Fund Advisors LP)
0.45%2
15.55%
13.05%
13.54%
U.S. Equity
JNL/DFA U.S. Small Cap Fund
(Dimensional Fund Advisors LP)
0.64%2
7.41%
8.85%
N/A
Fixed Income
JNL/DoubleLine® Core Fixed Income Fund
(DoubleLine Capital LP)
0.48%
7.52%
0.38%
2.34%
Fixed Income
JNL/DoubleLine® Emerging Markets Fixed Income Fund
(DoubleLine Capital LP)
0.78%
8.84%
1.98%
N/A
U.S. Equity
JNL/DoubleLine® Shiller Enhanced CAPE® Fund
(DoubleLine Capital LP)
0.69%
9.29%
8.56%
N/A
Fixed Income
JNL/DoubleLine® Total Return Fund
(DoubleLine Capital LP)
0.53%
7.92%
0.39%
N/A
Fixed Income
JNL/Dreyfus Government Money Market Fund
(Mellon Investments Corporation)
0.26%
4.09%
3.05%
1.95%
U.S. Equity
JNL/Fidelity Institutional AM® & JPMorgan Large Cap Growth Fund
(FIAM LLC; J.P. Morgan Investment Management Inc.)
0.64%
9.39%
10.79%
N/A
Fixed Income
JNL/Fidelity Institutional AM® Total Bond Fund
(FIAM LLC)
0.46%
7.72%
0.36%
2.37%
Alternative
JNL/First Sentier Global Infrastructure Fund4
(First Sentier Investors (Australia) IM Ltd)
0.86%
17.97%
7.04%
7.25%
Allocation
JNL/Franklin Templeton Income Fund
(Franklin Advisers, Inc.)
0.62%
12.26%
7.50%
7.40%
U.S. Equity
JNL/Goldman Sachs 4 Fund
(Goldman Sachs Asset Management, L.P.)
0.40%
17.05%
14.29%
N/A
International/
Global Equity
JNL/GQG Emerging Markets Equity Fund
(GQG Partners LLC)
1.04%
10.63%
2.95%
N/A
U.S. Equity
JNL/Invesco Small Cap Growth Fund
(Invesco Advisers, Inc.)
0.72%
6.48%
-0.43%
9.36%
Alternative
JNL/JPMorgan Hedged Equity Fund
(J.P. Morgan Investment Management Inc.)
0.66%
7.41%
8.91%
N/A
U.S. Equity
JNL/JPMorgan MidCap Growth Fund
(J.P. Morgan Investment Management Inc.)
0.59%
8.41%
4.54%
12.47%
Alternative
JNL/JPMorgan Nasdaq® Hedged Equity Fund
(J.P. Morgan Investment Management Inc.)
0.69%
9.02%
N/A
N/A
A-3

Fund Type Fund and Manager*
(and Sub-Adviser, if applicable)
*The investment manager for each Fund is Jackson National Asset Management, LLC 		Current Expenses Average Annual Total Returns (as of 12/31/25)
1 year
5 year
10 year
Fixed Income
JNL/JPMorgan U.S. Government & Quality Bond Fund
(J.P. Morgan Investment Management Inc.)
0.39%
6.95%
-0.29%
1.73%
U.S. Equity
JNL/JPMorgan U.S. Value Fund
(J.P. Morgan Investment Management Inc.)
0.59%
14.21%
12.32%
9.31%
International/
Global Equity
JNL/Loomis Sayles Global Growth Fund
(Loomis, Sayles & Company, L.P.)
0.69%
17.83%
9.17%
N/A
Fixed Income
JNL/Lord Abbett Short Duration Income Fund
(Lord, Abbett & Co. LLC)
0.50%
6.28%
2.57%
N/A
U.S. Equity
JNL/Mellon DowSM Index Fund
(Mellon Investments Corporation)
0.30%2
14.57%
11.24%
N/A
International/
Global Equity
JNL/Mellon Emerging Markets Index Fund3
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)
0.40%2
31.39%
3.75%
7.89%
International/
Global Equity
JNL/Mellon World Index Fund
(Mellon Investments Corporation)
0.30%2
21.20%
12.19%
N/A
U.S. Equity
JNL/Mellon Nasdaq® 100 Index Fund
(Mellon Investments Corporation)
0.28%2
20.70%
14.99%
19.48%
U.S. Equity
JNL/Mellon S&P 400 MidCap Index Fund3
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)
0.26%2
7.26%
8.87%
10.44%
U.S. Equity
JNL/Mellon Small Cap Index Fund3
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)
0.26%2
5.90%
7.06%
9.58%
International/
Global Equity
JNL/Mellon International Index Fund3
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)
0.31%2
31.86%
8.83%
8.17%
Fixed Income
JNL/Mellon Bond Index Fund3
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)
0.28%2
6.98%
-0.63%
1.70%
U.S. Equity
JNL/Mellon U.S. Stock Market Index Fund
(Mellon Investments Corporation)
0.31%
16.98%
13.01%
N/A
Sector Equity
JNL/Mellon Communication Services Sector Fund
(Mellon Investments Corporation)
0.29%2
33.47%
14.31%
14.21%
Sector Equity
JNL/Mellon Consumer Discretionary Sector Fund
(Mellon Investments Corporation)
0.29%2
5.43%
7.72%
13.39%
Sector Equity
JNL/Mellon Consumer Staples Sector Fund
(Mellon Investments Corporation)
0.30%2
0.78%
5.83%
N/A
Sector Equity
JNL/Mellon Energy Sector Fund
(Mellon Investments Corporation)
0.29%2
7.24%
23.21%
7.39%
Sector Equity
JNL/Mellon Financial Sector Fund
(Mellon Investments Corporation)
0.29%2
16.58%
14.92%
12.70%
Sector Equity
JNL/Mellon Healthcare Sector Fund
(Mellon Investments Corporation)
0.28%2
14.87%
6.46%
9.37%
Sector Equity
JNL/Mellon Industrials Sector Fund
(Mellon Investments Corporation)
0.30%2
18.49%
13.02%
N/A
Sector Equity
JNL/Mellon Information Technology Sector Fund
(Mellon Investments Corporation)
0.26%2
21.15%
18.96%
23.04%
A-4

Fund Type Fund and Manager*
(and Sub-Adviser, if applicable)
*The investment manager for each Fund is Jackson National Asset Management, LLC 		Current Expenses Average Annual Total Returns (as of 12/31/25)
1 year
5 year
10 year
Sector Equity
JNL/Mellon Materials Sector Fund
(Mellon Investments Corporation)
0.32%2
14.89%
7.99%
N/A
Sector Equity
JNL/Mellon Real Estate Sector Fund
(Mellon Investments Corporation)
0.31%2
3.72%
4.56%
N/A
U.S. Equity
JNL S&P 500 Index Fund
(Mellon Investments Corporation)
0.09%2
17.79%
14.31%
N/A
Sector Equity
JNL/Mellon Utilities Sector Fund
(Mellon Investments Corporation)
0.30%2
19.02%
10.51%
N/A
U.S. Equity
JNL/MFS Equity Income Fund
(Massachusetts Financial Services Company (d/b/a MFS Investment Management))
0.62%
15.64%
10.72%
N/A
U.S. Equity
JNL/MFS Mid Cap Value Fund
(Massachusetts Financial Services Company (d/b/a MFS Investment Management))
0.65%
6.33%
10.33%
9.82%
U.S. Equity
JNL/Morningstar SMID Moat Focus Index Fund
(Mellon Investments Corporation)
0.46%
6.59%
N/A
N/A
U.S. Equity
JNL/Morningstar U.S. Sustainability Index Fund
(Mellon Investments Corporation)
0.36%2
13.81%
12.84%
N/A
U.S. Equity
JNL/Morningstar Wide Moat Index Fund
(Mellon Investments Corporation)
0.46%
13.23%
12.22%
N/A
Fixed Income
JNL/Neuberger Berman Strategic Income Fund
(Neuberger Berman Investment Advisers LLC)
0.65%
9.54%
3.32%
4.39%
U.S. Equity
JNL/Newton Equity Income Fund
(Newton Investment Management North America, LLC)
0.56%
19.32%
16.54%
N/A
Fixed Income
JNL/PIMCO Income Fund
(Pacific Investment Management Company LLC)
0.69%
11.43%
3.72%
N/A
Fixed Income
JNL/PIMCO Investment Grade Credit Bond Fund
(Pacific Investment Management Company LLC)
0.55%
8.71%
-0.01%
N/A
Fixed Income
JNL/PIMCO Real Return Fund
(Pacific Investment Management Company LLC)
1.38%
8.10%
1.55%
3.43%
Fixed Income
JNL/PPM America Emerging Markets Debt Fund
(PPM America, Inc.)
0.63%2
N/A
N/A
N/A
Fixed Income
JNL/PPM America High Yield Bond Fund
(PPM America, Inc.)
0.46%
8.78%
4.60%
6.18%
Fixed Income
JNL/PPM America Investment Grade Credit Fund
(PPM America, Inc.)
0.53%
7.57%
N/A
N/A
Fixed Income
JNL/PPM America Total Return Fund
(PPM America, Inc.)
0.49%
7.10%
0.04%
N/A
U.S. Equity
JNL/RAFI® Fundamental U.S. Small Cap Fund
(Mellon Investments Corporation)
0.32%2
7.17%
9.59%
7.19%
U.S. Equity
JNL/RAFI® Multi-Factor U.S. Equity Fund
(Mellon Investments Corporation)
0.37%
16.53%
12.77%
11.13%
Allocation
JNL/T. Rowe Price Capital Appreciation Fund
(T. Rowe Price Associates, Inc.; Sub-Sub-Adviser: T. Rowe Price Investment Management, Inc.)
0.65%2
11.79%
9.33%
N/A
U.S. Equity
JNL/T. Rowe Price Capital Appreciation Equity Fund
(T. Rowe Price Associates, Inc.; Sub-Sub-Adviser: T. Rowe Price Investment Management, Inc.)
0.67%2
14.92%
N/A
N/A
A-5

Fund Type Fund and Manager*
(and Sub-Adviser, if applicable)
*The investment manager for each Fund is Jackson National Asset Management, LLC 		Current Expenses Average Annual Total Returns (as of 12/31/25)
1 year
5 year
10 year
U.S. Equity
JNL/T. Rowe Price Growth Stock Fund
(T. Rowe Price Associates, Inc.)
0.53%2
15.61%
9.52%
14.38%
U.S. Equity
JNL/T. Rowe Price Mid-Cap Growth Fund
(T. Rowe Price Associates, Inc.; Sub-Sub-Adviser: T. Rowe Price Investment Management, Inc.)
0.65%2
3.46%
3.83%
9.85%
Fixed Income
JNL/T. Rowe Price Short-Term Bond Fund
(T. Rowe Price Associates, Inc.)
0.42%2
5.64%
2.21%
2.41%
U.S. Equity
JNL/T. Rowe Price Value Fund
(T. Rowe Price Associates, Inc.)
0.55%2
12.35%
10.87%
10.88%
Allocation
JNL/Vanguard Moderate ETF Allocation Fund
(Mellon Investments Corporation)
0.26%2
12.18%
4.26%
N/A
Allocation
JNL/Vanguard Moderate Growth ETF Allocation Fund
(Mellon Investments Corporation)
0.27%2
14.62%
6.02%
N/A
Allocation
JNL/Vanguard Growth ETF Allocation Fund
(Mellon Investments Corporation)
0.26%2
16.58%
7.63%
N/A
International/
Global Equity
JNL/WCM Focused International Equity Fund
(WCM Investment Management, LLC)
0.80%
21.85%
5.12%
N/A
Alternative
JNL/Westchester Capital Event Driven Fund
(Westchester Capital Management, LLC)
1.36%
7.69%
3.89%
N/A
Allocation
JNL/WMC Balanced Fund
(Wellington Management Company LLP)
0.41%
16.04%
9.22%
9.57%
U.S. Equity
JNL/WMC Equity Income Fund
(Wellington Management Company LLP)
0.59%
17.11%
12.42%
N/A
U.S. Equity
JNL/WMC Value Fund
(Wellington Management Company LLP)
0.49%
14.99%
11.24%
10.11%
Allocation
JNL/JPMorgan Managed Conservative Fund
(J.P. Morgan Investment Management Inc.)
0.86%
9.59%
2.24%
N/A
Allocation
JNL/JPMorgan Managed Moderate Fund
(J.P. Morgan Investment Management Inc.)
0.83%
11.17%
3.79%
N/A
Allocation
JNL/JPMorgan Managed Moderate Growth Fund
(J.P. Morgan Investment Management Inc.)
0.82%
12.59%
5.44%
N/A
Allocation
JNL/JPMorgan Managed Growth Fund
(J.P. Morgan Investment Management Inc.)
0.83%
14.26%
7.09%
N/A
Allocation
JNL/JPMorgan Managed Aggressive Growth Fund
(J.P. Morgan Investment Management Inc.)
0.85%
15.07%
7.93%
N/A
Allocation
JNL Conservative Allocation Fund
0.93%
9.57%
2.88%
N/A
Allocation
JNL Moderate Allocation Fund
0.92%
11.07%
4.42%
N/A
Allocation
JNL Moderate Growth Allocation Fund
0.91%
12.99%
5.68%
N/A
Allocation
JNL Growth Allocation Fund
0.89%
15.19%
6.71%
N/A
Allocation
JNL Aggressive Growth Allocation Fund
0.86%
15.94%
7.56%
N/A
A-6

1
Capital Research and Management Company is the investment adviser of the master fund in which this feeder fund invests. Under the master-feeder fund structure, the feeder fund does not buy individual securities directly. Rather, the feeder fund invests all of its investment assets in a corresponding master fund, which invests directly in individual securities.
2
The Fund's current expenses reflect temporary fee reductions.
3
Mellon Investments Corporation is the investment sub-adviser of the master fund in which this feeder fund invests. Under the master-feeder fund structure, the feeder fund does not buy individual securities directly. Rather, the feeder fund invests all of its investment assets in a corresponding master fund, which invests directly in individual securities.
4
This Fund is no longer available for new allocations or transfers.

The following is a list of Fixed Account Options currently available under the Contract. We may change the features of the Fixed Account Options listed below, offer new Fixed Account Options, and terminate existing Fixed Account Options. We will provide you with written notice before doing so.

Note: If amounts are withdrawn from a Fixed Account Option before the end of its term, we may apply a Contract Adjustment. This may result in a significant reduction in your Contract Value.

Name
Term
Minimum Guaranteed Interest Rate
1-year Fixed Account Option
1 year
2.40%

The Fixed Account is not available if you have elected any of the following add-on death benefits:

•EarningsMax,
•Roll-up GMDB,
•Combination Roll-up and Highest Quarterly Anniversary Value GMDB,
•Flex DB (previously called LifeGuard Freedom Flex DB), or
•LifeGuard Freedom Accelerator DB.
A-7

BACK COVER PAGE

This Summary Prospectus incorporates by reference the Contract's prospectus and Statement of Additional Information ("SAI"), both dated April 27, 2026, as amended or supplemented. The SAI may be obtained, free of charge, in the same manner as the prospectus.

Separate Account EDGAR contract identifier #C000190624
B-1
Jackson National Separate Account I published this content on April 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 27, 2026 at 15:43 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]