( BW)(NY-JEFFERSON-NATIONAL) Jefferson National’s Monument Advisor is First VA to Add

June 20, 2008 at 12:00a.m.

( BW)(NY-JEFFERSON-NATIONAL) Jefferson National’s Monument Advisor is First VA to Add Acclaimed Loomis Sayles Bond Fund to Industry’s Broadest Tax-Deferred Investment Platform

Newest Fund in Flat-Insurance Fee VA Can Help Fee-Based Advisors and their Clients Diversify Fixed-Income Holdings with Multi-Sector

Approach

Business Editors/Financial Editors

NEW YORK & LOUISVILLE, Ky.--(BUSINESS WIRE)--Jun. 18, 2008--Jefferson National’s Monument Advisor, the first flat-insurance fee variable annuity with the industry’s largest supermarket of more than 200 tax-deferred funds, is now the first and only VA to offer the award-winning Loomis Sayles Bond Fund, to help advisors and their clients further diversify their fixed-income holdings and add alpha in the current environment of fluctuating interest rates, increasing credit risk and currency uncertainty.

“As the first variable annuity to offer the highly acclaimed Loomis Sayles Bond Fund, Monument Advisor continues expanding and innovating the industry’s broadest platform of tax-deferred funds to ensure that fee-based advisors and their clients can have the alternatives they need to manage risk and generate returns, even under the toughest market conditions,” said Laurence Greenberg, President and CEO of Jefferson National. “In this challenging environment, a wide choice of tax-deferred investment options like Monument Advisor’s is critical for retirement saving, but hard to find within typical variable annuities.”

“The Loomis Sayles Bond Fund can help investors manage risk by balancing exposure to corporate, high yield and global bonds in a single portfolio, and the value to investors can be enhanced when the fund is used within a tax-deferred platform like Jefferson National’s flat-fee VA,” said Dan Fuss, Co-Portfolio Manager, Loomis Sayles Bond Fund. “We are extremely pleased to be included on the Jefferson National VA platform.” Mr. Fuss’ awards include Fixed Income Analysts Society Hall of Fame, Morningstar Fixed Income Manager of the Year in 1995, and finalist in 2002, 2004, 2006 and 2007.

The Loomis Bond Fund with total assets of $17.7 billion(1), seeks above average total investment return by investing primarily in investment grade, fixed income securities while offering exposure to multiple sectors of the bond market. The fund may also invest in lower-rated fixed income securities, preferred stocks, and foreign securities, including emerging markets. Diversified across all sectors, and with low correlation to other equity and bond funds, the Loomis Sayles Bond Fund has historically held up well in periods of rising interest rates because it relies on non-market related securities rather than interest rate changes.(2)

In addition to the Loomis Sayles Bond Fund, Monument Advisor’s tax-deferred investment platform offers 4 times more funds than the typical VA(3), including top performing bond funds from PIMCO, ultra low-cost funds from Nationwide and Vanguard, hard assets, REITs, inverse funds, market neutral funds, and a suite of Rydex funds designed for dynamic trading. During the accumulation period, transfers between funds are unlimited(4), allowing investors to adjust their portfolio, tax free.

With a flat-insurance fee of $20 per month(5)no matter how much clients invest(6), Jefferson National’s Monument Advisor is the market’s absolute lowest cost for a VA of $96,000 or more.(7) With total sales topping $400 million as of May 31, 2008, Jefferson National’s Monument Advisor is uniquely positioned to serve the growing market of fee-based and fee-only advisors, a segment which has increased more than 41% in four years to reach $2.2 trillion in assets under management as of 2006.(8)

About Loomis Sayles:

Since 1926, Loomis, Sayles & Company, L.P. has served the investment needs of institutional and mutual fund clients. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages more than $135 billion in equity and fixed income assets, as of May 31, 2008.

About Jefferson National Life Insurance Company

Jefferson National Life Insurance Company offers retirement products for fee-based advisors and the clients they serve. Jefferson National believes that simple, low-cost variable annuities should be considered for a part of every American’s retirement portfolio, and we’ve made it our mission to help all Americans save more for retirement by launching Monument Advisor, the first variable annuity with a flat insurance fee. Jefferson National serves more than 60,000 customers nationwide, and is domiciled in Dallas, Texas with authority in 49 states and the District of Columbia. To reach our advisor support desk, please call 1-866-WHY-FLAT (1-866-949-3528). To learn more, please visit www.jeffnat.com.

Important Disclosure:

An investor should carefully consider the investment objectives, risks, charges and expenses of the investment before investing or sending money. For a prospectus containing this and additional information, please contact your financial professional. Read it carefully before investing. The summary of product features is not intended to be all-inclusive. Restrictions may apply. The contracts have exclusions and limitations, and may not be available in all states or at all times.

Variable annuities are investments subject to market fluctuation and risk, including possible loss of principal. Your units, when you make a withdrawal or surrender, may be worth more or less than your original investment.

Variable annuities are long-term investments to help you meet retirement and other long-range goals. Withdrawal of tax-deferred accumulations are subject to ordinary income tax. Withdrawals made prior to age 59 1/2 may incur a 10% IRS tax penalty. Jefferson National does not offer tax advice. Annuities are not deposits or obligations of, or guaranteed by any bank, nor are they FDIC insured.

Monument Advisor is issued by Jefferson National Life Insurance Company (Dallas, TX) and distributed by Jefferson National Securities Corporation, FINRA member. Policy series JNL-2300-1, JNL-2300-2.

(1)As of 04/30/08.

(2)Past performance does not guarantee future results.

(3)The average variable annuity has 38 underlying fund options according to Morningstar data as of 12/31/07.

(4)See prospectus for limitations on transfers.

(5)Jefferson National’s Monument Advisor has a $20 flat insurance fee on more than 97% of our underlying funds. Certain funds also have a transaction fee ranging from $19.99 to $49.99 per transaction, depending on the number of transactions per year. See the prospectus for details. Like other variable annuities, the customer pays fees of the underlying funds selected plus the fees of any advisor hired.

(6)Contributions in excess of $10 million are subject to Company approval.

(7)Morningstar data as of 12/31/07.

(8)Cerulli “Quantitative Update: Intermediary Markets,” 2006.

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CONTACT: Jefferson National Contact:

Deborah Newman, 212-220-5862

Director Corporate Communications

dnewmanjeffnat.com

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