Summary Prospectus for New Investors by Investment Company - Form 497VPI

SUMMARY PROSPECTUS FOR NEW INVESTORS

April 29, 2024

ELITE ACCESS ADVISORY II®

FLEXIBLE PREMIUM VARIABLE DEFERRED ANNUITY

Issued by

Jackson National Life Insurance Company® through

Jackson National Separate Account - I

This summary prospectus summarizes key features of the Elite Access Advisory II® Contract.

Before you invest, you should review the prospectus for the Elite Access Advisory II® Contract, which contains more information about the Contract's features, benefits, and risks. You can find this document and other information about the Contract online at www.jackson.com/product-literature-1.html. You can also obtain this information at no cost by calling 1-800-644-4565 or by sending an email request to [email protected].

You can sign up for electronic delivery of your summary prospectus, updates to the summary prospectus or other communications by logging into your account at www.jackson.com.

You may cancel your Contract within 10 days of delivery of the Contract. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total Contract value. You should review the prospectus, or consult with your financial professional, for additional information about the specific cancellation terms that apply.

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

TABLE OF CONTENTS
DEFINITIONS	1
IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT	2
OVERVIEW OF THE CONTRACT	4
BENEFITS AVAILABLE UNDER THE CONTRACT	5
BUYING THE CONTRACT	8
MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT	8
ADDITIONAL INFORMATION ABOUT FEES	9
APPENDIX A (FUNDS AVAILABLE UNDER THE CONTRACT)	A-1
BACK COVER PAGE	B-1

DEFINITIONS

1

IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT

FEES AND EXPENSES	LOCATION IN PROSPECTUS
Charges for Early Withdrawals	None.
Transaction Charges	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.	Contract Charges- Monthly Contract Charge and Transfer Charge
Ongoing Fees and Expenses (annual charges)	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.	Contract Charges- Add-On Benefit Expenses
ANNUAL FEE	MINIMUM	MAXIMUM
1. Base Contract1	0.11%	0.11%	Contract Charges- Annual Contract Expenses: Monthly Contract Charge
2. Investment options (Fund fees and expenses)2	0.52%	2.44%	Contract Charges- 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	Contract Charges- Add-on Benefit Expenses: Death Benefit Charges Rate Sheet Prospectus Supplement
1.Charge is assessed as a $240 annual charge during the accumulation phase only and is deducted on each Contract Monthly Anniversary. 2.As a percentage of average Fund net assets. 3.The minimum fee reflects an annualized percentage of Contract Value. The maximum fee reflects an annualized percentage of average daily account value of Investment Divisions.
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.
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

2

RISKS	Location in Prospectus
Risk of Loss	You can lose money by investing in this Contract.	Principal Risks
Not a Short-Term Investment	This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash. The benefits of tax deferral also mean the Contract is more beneficial to investors with a long time horizon.	Principal Risks
Risks Associated with 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) has its own unique risks. •You should review the investment options before making an investment decision.	Principal Risks
Insurance Company Risks	Any obligations, 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
RESTRICTIONS
Investments	•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. •Jackson may remove or substitute Funds as investment options available under the Contract.	Principal Risks
Optional Benefits	•Not all add-on benefits are available through all broker-dealers and 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 elect to pay your advisory fees via direct deductions under our rules, these deductions will reduce the basic death benefit.	Benefits Available Under the Contracts
TAXES
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
CONFLICTS OF INTEREST
Investment Professional Compensation	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
Exchanges	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

3

OVERVIEW OF THE CONTRACT

Q. What is this Contract, and what is it designed to do?

A. The Elite Access Advisory II Contract is intended to help you save for retirement or another long-term investment purpose through investments in a variety of investment options during accumulation phase. The Contract also offers death benefits to protect your designated Beneficiaries. Through the annuitization feature, the Contract can supplement your retirement income by providing a stream of income payments. This Contract may be appropriate if you have a long investment time horizon. It is not intended for people who may need to make early or frequent withdrawals or intend to engage in frequent trading in the Funds.

Q. How do I accumulate assets in the Contract and receive income from the Contract?

A. Your Contract has two phases:

•the accumulation phase, when you make Premium payments to us, and

•the income phase, when we make income payments to you.

Accumulation Phase

During the accumulation phase, to help you accumulate assets, you can allocate your Premium payments to a variety of Investment Divisions. Each Investment Division invests in a corresponding (mutual fund) Fund, each of which has its own investment strategies, investment adviser(s), expense ratios, and returns.

A list of Funds and additional information about the Funds in which the Investment Divisions currently invest is provided in Appendix A: Funds Available Under the Contract.

Income Phase

You can elect to annuitize your Contract and turn your Contract Value into a stream of fixed and/or variable income payments from us. (Variable payments depend on the performance of the Investment Divisions.) Currently, we offer income options that provide payments for (i) the life of the Annuitant(s), (ii) a specified period, or (iii) a combination of life and a specified period. We may offer other options, at our discretion, where permitted by state law. At the Income Date, you can choose to receive fixed payments or variable payments.

Please note that if you annuitize, your Contract Value will be converted to income payments and you may no longer withdraw money at will from your Contract. All add-on benefits terminate when you begin taking income payments.

Q. What are the Contract's primary features and options?

A. Accessing your money. Until you annuitize, you have full access to your money. You can choose to withdraw your Contract Value at any time (although if you withdraw early, you may have to pay charges due under any optional endorsement and/or taxes, including tax penalties). Certain withdrawals could substantially reduce or even terminate the benefits available under the Contract.

Tax treatment. Your Premium payments accumulate on a tax-deferred basis. This means your earnings are not taxed until you take money out of your Contract, such as when (1) you make a withdrawal; (2) you receive an income payment from the Contract; or (3) upon payment of a death benefit.

Death benefits. Your Contract includes a Basic Death Benefit that will pay your designated Beneficiaries your Contract Value on the date we receive all required documentation from your Beneficiary. The basic death benefit is payable during the accumulation phase. You can purchase optional add-on death benefits under the Contract that provide additional death benefits for an additional fee. The add-on death benefits may increase the amount of money payable to your designated Beneficiaries upon your death.

Rebalancing. At no additional charge, you can arrange to have us automatically reallocate your Contract Value among Investment Divisions periodically to maintain your selected allocation percentages. Certain restrictions apply.

4

Dollar Cost Averaging. Alternately, at no additional charge, you may select Dollar Cost Averaging, which automatically transfers a dollar amount or percentage of money periodically into the Investment Divisions (each a "Designated Option") from any of the Investment Divisions (each a "Source Option").

Earnings Sweep. At no additional charge, you can choose to have your earnings transferred automatically on a monthly basis from the JNL/WMC Government Money Market Investment Division into other Investment Divisions. Restrictions apply.

Q. How is my Contract impacted by the deduction of advisory fees?

A. The Contracts are available through third party financial professionals who charge an advisory fee for their services. This advisory fee is in addition to contract fees and expenses disclosed in this prospectus. 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, we will not treat such deductions as withdrawals in two specific ways: (i) we will not report them as taxable distributions under your Contract; and (ii) any such deduction will not trigger a reduction in the value of any eligible add-on benefit you elected. It is important to note that deductions to pay advisory fees will always reduce the basic death benefit and your Contract Value on a dollar-for dollar basis, and they are otherwise subject to all contractual provisions and other restrictions and penalties, including minimum withdrawal requirements.

If you make a withdrawal to pay advisory fees without setting up direct deductions under our administrative rules (including the Add-On Benefit Advisory Fee Withdrawal Program, if applicable), your withdrawal will be treated as a standard partial withdrawal under the Contract. This means, in addition to your Contract Value and basic death benefit being reduced, we will reduce the value of any elected add-on benefit(s), and any such withdrawal will be subject to any applicable taxes and tax penalties.

Please note that the direct deduction of advisory fees, even under our rules (including the Add-On Benefit Advisory Fee Withdrawal Program) may negatively impact the add-on Earnings Protection Benefit ("EarningsMax") by reducing the amount of earnings available for use under the benefit.

BENEFITS AVAILABLE UNDER THE CONTRACTS

Basic Death Benefit (automatically included with the Contract)

NAME OF BENEFIT	PURPOSE	MAXIMUM FEE	BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS
Basic Death Benefit	Guarantees your Beneficiaries will receive a benefit of at least your Contract Value on the date Jackson receives all required documentation from your Beneficiary.	No additional charge	•Withdrawals could significantly reduce the benefit. •Benefit terminates on annuitization. •Payment of advisory fees via direct deduction from Contract Value could significantly reduce the benefit.

5

Add-On Death Benefit Available For a Fee

NAME OF BENEFIT	PURPOSE	MAXIMUM FEE	BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS
EarningsMax	Increases the amount of the death benefit payable at your death based on a percentage of Contract earnings, which may help offset state and federal taxes due at the time of your death.	Maximum: 0.70% (as an annualized percentage of the average daily Contract Value in the Investment Divisions)	•Available only at Contract issue. •The benefit cannot be terminated. •Available to owners age 75 or younger. •Subject to maximum benefit. •On each fifth Contract Anniversary, the Guaranteed Minimum Death Benefit ("GMDB") charge may be increased. •No benefit will be paid if (i) there are no earnings in your contract, or (ii) your spouse exercises the Spousal Continuation Option. •The Fixed Account Options are not available if you elect EarningsMax. •Payment of advisory fees via direct deduction under our rules (including the Add-On Benefit Advisory Fee Withdrawal Program) may reduce the amount of earnings available under this benefit.

6

NAME OF BENEFIT	PURPOSE	MAXIMUM FEE	BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS
Return of Premium Guaranteed Minimum Death Benefit	Changes your basic death benefit during the accumulation phase of your Contract to the greater of: (i) Contract Value as of the end of the Business Day on which we receive all required documentation from your Beneficiary; or (ii) all Premiums paid into the Contract (net of any applicable premium taxes and charges), reduced for withdrawals (including any applicable adjustments) in proportion to the reduction in the Contract Value at the time of the withdrawal.	Maximum: 0.40% (as a percentage of benefit base)	•Withdrawals may significantly reduce the value of this Return of Premium Death Benefit. •Withdrawals may reduce the value of this benefit by more than the dollar amount of the withdrawal. •The deduction of advisory fees from Contract Value under the Add-On Benefit Advisory Fee Withdrawal Program will be capped at 1.25% of Contract Value annually. •Because deductions to pay advisory fees reduce your Contract Value, they may also negatively impact your Return of Premium Death Benefit, which is equal to the greater of Contract Value or Premiums paid. •On each fifth Contract Anniversary, the GMDB charge may be increased. •Ownership changes are allowed, but Covered Lives cannot be changed.

Other Add-On Benefits Included With All Contracts At No Additional Cost

NAME OF BENEFIT	PURPOSE	MAXIMUM FEE	BRIEF DESCRIPTION OF RESTRICTIONS/LIMITATIONS
Rebalancing	Automatically reallocates your Contract Value among Investment Divisions periodically to maintain your selected allocation percentages.	None	•You may cancel your Rebalancing program using whatever methods you use to change your allocation instructions.
Dollar Cost Averaging	Automatically transfers a dollar amount or percentage of money periodically transferred automatically into the Investment Divisions (each a "Designated Option") from any of the Investment Divisions (each a "Source Option").	None	•Transfers from the more volatile Investment Divisions may not result in lower average costs and such Investment Divisions may not be an appropriate source of dollar cost averaging transfers in volatile markets.
Earnings Sweep	Allows you to choose to move your earnings on a monthly basis from the JNL/WMC Government Money Market Investment Division into other Investment Divisions.	None	•May only be added within 30 days of the issue date of your Contract. •You may cancel your Earnings Sweep program using whatever methods you use to change your allocation instructions.

7

BUYING THE CONTRACT

Q. How do I purchase the Elite Access Advisory II® Contract?

A. To purchase a Contract, you must complete an application. Your financial professional will submit your application, along with your initial Premium payment, to us. Acceptance of applications is subject to Jackson's rules. We reserve the right to reject any application or initial Premium payment.

Q. How much can I contribute and how are my Premium payments invested?

A. You may allocate Premium payments in the available Investment Divisions.

NON-QUALIFIED CONTRACTS	QUALIFIED CONTRACTS
Minimum Initial Premium	$25,000 (under most circumstances)	$25,000 (under most circumstances)
Minimum Subsequent Premiums	$500 ($50 for auto payment plan)	$500 ($50 for auto payment plan)
Maximum Total Premiums	$2,500,000 (without prior approval) Jackson reserves the right to lower the maximum.

You can pay additional Premiums at any time during the accumulation phase unless a specific add-on benefit or feature provides limitations. We can limit, restrict, suspend or reject any Premium payments for any reason.

Q. When will my Premium payments be credited to my account?

A. We will issue your Contract and allocate your first Premium within two Business Days (days when the New York Stock Exchange is open) after we receive your first Premium and all information that we require for the purchase of a Contract. If we do not receive all of the information that we require, we will contact you to get the necessary information. If for some reason we are unable to complete this process within five Business Days, we will return your money.

Subsequent Premium payments should be sent to one of the following addresses:

Regular Mail P.O. Box 24068, Lansing, Michigan 48909-4068	Express Mail 1 Corporate Way, Lansing, Michigan 48951

Subsequent Premiums are allocated on the Business Day that the Premium is received. Each Business Day ends when the New York Stock Exchange closes (usually 4:00 p.m. Eastern time).

MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT

Q. Can I access the money in my account during the accumulation phase?

A. Until you annuitize, you have full access to your money. You can choose to withdraw your Contract Value at any time (although if you withdraw early, you may have to pay a monthly contract charge, charges due under any add-on benefit, and/or taxes, including tax penalties).

You can have access to the money in your Contract by making a partial or total withdrawal or by electing the Automatic Withdrawal Program. Withdrawals will reduce the Contract Value of your Contract (including the amount of the death benefit). However, withdrawing the Contract Value of your Contract below a certain level will terminate your Contract.

Certain benefits may limit withdrawals under the Contract. Certain withdrawals could substantially reduce or even terminate the benefits available under the Contract.

Q. Are there limitations and consequences associated with taking money out of my Contract during the accumulation phase?

A. Yes. These limitations and consequences include:

8

Limitations on withdrawal amounts	The minimum withdrawal amount is the lesser of $500 or, if less, the entire amount in the applicable Investment Division. The minimum withdrawal is $50 under the Automatic Withdrawal Program.
Charges and taxes	As described above, when you take out money, there may be a monthly contract charge, charges due under any add-on benefit, and applicable taxes.
Negative impact of withdrawal on benefits and guarantees of your Contract	A withdrawal may have a negative impact on certain standard benefits or add-on benefits that you may elect. It may reduce the value of or even terminate certain benefits.

Q. What is the process to request a withdrawal of money from my Contract?

A. You can request a withdrawal from the Contract at any time before the Income Date. To request a partial or total withdrawal, you can send a written request in Good Order to one of the following addresses:

Regular Mail P.O. Box 24068, Lansing, Michigan 48909-4068	Express Mail 1 Corporate Way, Lansing, Michigan 48951

Generally, for partial or total withdrawal requests received in Good Order before the end of the Business Day, we will process your request that day. If we receive your request in Good Order after the close of the end of the Business Day, your request will be processed the next Business Day. Generally, Jackson will pay the withdrawal proceeds within seven days of a request in Good Order.

Q. Can I access the money in my account during the income phase?

A. The income phase of your Contract occurs when you begin receiving regular income payments from us. You can choose an income option and the date income payments begin (subject to a maximum age). All of the Contract Value must be annuitized. If you annuitize, you may no longer withdraw money at will from your Contract. However, under income options with a specified period, the Beneficiary may request a lump sum payment subject to a commutation fee.

ADDITIONAL INFORMATION ABOUT FEES

The following tables describe the fees and expenses that you will pay when buying, owning, and making partial or total withdrawals from the Contract. 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 first table describes the fees and expenses that you will pay at the time that you buy the Contract, make a partial or total withdrawal from the Contract, or transfer Contract Value between investment options. State premium taxes may also be deducted.

Transaction Expenses

Maximum Withdrawal Charge	None
Transfer Charge (per transfer after 25 in a Contract Year)	$25
Premium Taxes (Percentage of each Premium)1	Minimum	0.0%
Maximum	3.5%
Expedited Delivery Charge2	$22.50
Wire Transfers (for withdrawals)3	$25

1.Premium taxes generally range from 0.0% to 3.5% and vary by state.

2.Between Monday and Friday, the Expedited Delivery Charge is $10. On Saturday, the Expedited Delivery Charge is $22.50.

3. Standard wire fees are $20, however, international wire fees are $25.

The next table describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including the Funds' fees and expenses.

9

Annual Contract Expenses

Base Contract Charges	Maximum Charge
Monthly Contract Charge1	$240

1.This charge is waived on Contract Value of $1,000,000 or more. This charge is deducted on each Contract Monthly Anniversary as a monthly charge of $20.

The next table describes the maximum charges that you will pay each year if you choose to purchase an add-on benefit.

Add-On Benefit Expenses

Optional Benefit Charges
Add-On Benefit Charges (% of average daily account value of Investment Divisions)	Maximum Charge
Earnings Protection Benefit ("EarningsMax")	0.70%
Add-On Death Benefit Charges (% of Contract Value)	Maximum Charge
Return of Premium Guaranteed Minimum Death Benefit Charge	0.40%

The next table shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract (before any fee waiver or expense reimbursement). The expenses are expressed as a percentage of average net assets of the Funds and may be higher or lower in the future. A complete list of Funds available under the Contract, including their annual expenses, may be found in Appendix A.

Annual Fund Expenses

Minimum	Maximum
Expenses that are deducted from the Fund assets, including management and administration fees, distribution and/or service (12b-1) fees, and other expenses as of December 31, 2021.	0.52%	2.44%

EXAMPLE

The table below is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity policies. These costs include transaction expenses, annual Contract expenses and annual Fund expenses. The Example assumes that you invest $100,000 in the Contract for the time periods indicated. The Example also assumes that your investment has a 5% return each year, and assumes the most expensive combination of annual Fund expenses and add-on benefits available for an additional charge (using the maximum possible charge). The Example does not include any advisory fees paid to third party financial professionals from Contract Value or other assets of the Owner. If such advisory fees were reflected, costs would be higher. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

If you take a total withdrawal of your Contract Value at the end of the applicable time period	If you annuitize at the end of the applicable time period	If you do not take a total withdrawal of your Contract Value
1 Year	3 Years	5 Years	10 Years	1 Year*	3 Years	5 Years	10 Years	1 Year	3 Years	5 Years	10 Years
$3,672	$11,154	$18,820	$38,819	$3,672	$11,154	$18,820	$38,819	$3,672	$11,154	$18,820	$38,819

*Please note, although we show this cost for comparison purposes, the earliest you can annuitize this Contract is one year after the Contract's Issue Date.

The example does not represent past or future expenses. Your actual costs may be higher or lower.

10

APPENDIX A

FUNDS AVAILABLE UNDER THE CONTRACT

The following is a list of Funds (all Class A 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 the prospectuses and other information about the Funds online at 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 12/31/23)
1 year	5 year	10 year
Allocation	JNL/American Funds Balanced Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	0.91%2	13.85%	8.80%	5.88%
Fixed Income	JNL/American Funds Bond Fund of America Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	0.83%2	4.65%	N/A	N/A
Allocation	JNL/American Funds Capital Income Builder Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	0.96%2	8.55%	7.02%	N/A
Fixed Income	JNL/American Funds Capital World Bond Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	1.06%2	5.82%	-0.64%	0.07%
International/Global Equity	JNL/American Funds Global Growth Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	1.06%2	22.13%	13.28%	9.26%
International/Global Equity	JNL/American Funds Global Small Capitalization Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	1.24%2	15.77%	7.95%	5.45%
U.S. Equity	JNL/American Funds Growth Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	0.91%2	38.03%	18.29%	13.94%
U.S. Equity	JNL/American Funds Growth-Income Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	0.91%2	25.67%	12.93%	10.48%
International/Global Equity	JNL/American Funds International Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	1.17%2	15.33%	4.44%	3.01%
International/Global Equity	JNL/American Funds New World Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	1.26%2	15.46%	8.18%	4.26%
U.S. Equity	JNL/American Funds® Washington Mutual Investors Fund1
(Investment Adviser to the Master Fund: Capital Research and Management CompanySM)	0.93%2	16.88%	12.20%	9.52%

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 12/31/23)
1 year	5 year	10 year
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.; and Westchester Capital Management, LLC)	2.44%	11.24%	3.75%	N/A
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); and WCM Investment Management, LLC)	1.24%	10.11%	1.42%	0.35%
International/Global Equity	JNL Multi-Manager International Small Cap Fund
(Baillie Gifford Overseas Limited; Causeway Capital Management LLC; and WCM Investment Management, LLC)	1.21%	22.47%	11.39%	N/A
U.S. Equity	JNL Multi-Manager Mid Cap Fund
(Champlain Investment Partners, LLC; ClearBridge Investments, LLC; Kayne Anderson Rudnick Investment Management, LLC; Nuance Investments, LLC; and Victory Capital Management Inc.)	1.09%	12.33%	11.45%	N/A
U.S. Equity	JNL Multi-Manager Small Cap Growth Fund
(BAMCO, Inc.; Granahan Investment Management, Inc.; Kayne Anderson Rudnick Investment Management, LLC; Segall Bryant & Hamill, LLC; Victory Capital Management Inc.; and WCM Investment Management, LLC)	0.98%	16.32%	10.43%	7.81%
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; and WCM Investment Management, LLC)	1.11%	20.97%	11.61%	6.29%
Allocation	JNL iShares Tactical Moderate Fund
(Mellon Investments Corporation)	0.77%	9.61%	4.96%	4.00%
Allocation	JNL iShares Tactical Moderate Growth Fund
(Mellon Investments Corporation)	0.78%	11.77%	6.93%	5.33%
Allocation	JNL iShares Tactical Growth Fund
(Mellon Investments Corporation)	0.80%	14.01%	8.68%	6.44%
Allocation	JNL/American Funds Moderate Growth Allocation Fund
	1.00%	13.83%	7.59%	5.93%
Allocation	JNL/American Funds Growth Allocation Fund
	1.01%	17.25%	9.75%	7.39%
International/Global Equity	JNL/AB Sustainable Global Thematic Fund
(AllianceBernstein L.P.)	1.14%	15.76%	N/A	N/A
U.S. Equity	JNL/AQR Large Cap Defensive Style Fund
(AQR Capital Management, LLC)	0.86%	10.57%	N/A	N/A
International/Global Equity	JNL/Baillie Gifford International Growth Fund
(Baillie Gifford Overseas Limited)	0.99%	13.65%	6.29%	N/A
U.S. Equity	JNL/Baillie Gifford U.S. Equity Growth Fund
(Baillie Gifford Overseas Limited)	0.95%	45.80%	N/A	N/A

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 12/31/23)
1 year	5 year	10 year
Allocation	JNL/BlackRock Global Allocation Fund
(BlackRock Investment Management, LLC; Sub-Sub-Adviser BlackRock International Limited)	1.06%	13.95%	7.67%	4.74%
Alternative	JNL/BlackRock Global Natural Resources Fund
(BlackRock International Limited)	0.97%	-1.61%	12.60%	1.86%
U.S. Equity	JNL/BlackRock Large Cap Select Growth Fund
(BlackRock Investment Management, LLC)	0.84%2	49.68%	15.45%	12.49%
International/Global Equity	JNL/Causeway International Value Select Fund
(Causeway Capital Management LLC)	0.97%	28.35%	10.28%	4.08%
U.S. Equity	JNL/ClearBridge Large Cap Growth Fund
(ClearBridge Investments, LLC)	0.94%	44.55%	15.23%	N/A
International/Global Equity	JNL/DFA International Core Equity Fund
(Dimensional Fund Advisors LP)	0.90%	15.59%	N/A	N/A
U.S. Equity	JNL/DFA U.S. Core Equity Fund
(Dimensional Fund Advisors LP)	0.80%	22.27%	14.47%	10.33%
U.S. Equity	JNL/DFA U.S. Small Cap Fund
(Dimensional Fund Advisors LP)	0.99%	16.72%	12.00%	7.51%
Fixed Income	JNL/DoubleLine® Core Fixed Income Fund
(DoubleLine Capital LP)	0.79%	6.03%	0.73%	1.56%
Fixed Income	JNL/DoubleLine® Emerging Markets Fixed Income Fund
(DoubleLine Capital LP)	1.08%	9.48%	1.46%	N/A
U.S. Equity	JNL/DoubleLine® Shiller Enhanced CAPE® Fund
(DoubleLine Capital LP)	1.02%	27.42%	13.16%	N/A
Fixed Income	JNL/DoubleLine® Total Return Fund
(DoubleLine Capital LP)	0.83%	5.09%	-0.26%	1.45%
Fixed Income	JNL/Fidelity Institutional Asset Management® Total Bond Fund
(FIAM LLC)	0.79%	6.70%	1.66%	1.75%
Alternative	JNL/First Sentier Global Infrastructure Fund
(First Sentier Investors (Australia) IM Ltd)	1.13%	2.81%	6.38%	3.27%
Allocation	JNL/Franklin Templeton Income Fund
(Franklin Advisers, Inc.)	0.93%	8.19%	6.78%	4.77%
U.S. Equity	JNL/Goldman Sachs 4 Fund
(Goldman Sachs Asset Management, L.P)	0.70%	14.42%	12.53%	8.86%
International/Global Equity	JNL/GQG Emerging Markets Equity Fund
(GQG Partners LLC)	1.34%	28.95%	9.66%	N/A
International/Global Equity	JNL/Harris Oakmark Global Equity Fund
(Harris Associates L.P.)	1.11%	19.99%	11.03%	N/A
Sector Equity	JNL/Heitman U.S. Focused Real Estate Fund
(Heitman Real Estate Securities LLC)	1.11%	9.66%	7.10%	N/A
U.S. Equity	JNL/Invesco Diversified Dividend Fund
(Invesco Advisers, Inc.)	0.99%	8.54%	9.48%	N/A
International/Global Equity	JNL/Invesco Global Growth Fund
(Invesco Advisers, Inc.)	0.96%	34.59%	12.11%	8.28%
U.S. Equity	JNL/Invesco Small Cap Growth Fund
(Invesco Advisers, Inc.)	1.05%	12.12%	8.66%	7.36%

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 12/31/23)
1 year	5 year	10 year
Allocation	JNL/JPMorgan Global Allocation Fund
(J.P. Morgan Investment Management Inc.)	1.06%2	12.70%	5.50%	N/A
Alternative	JNL/JPMorgan Hedged Equity Fund
(J.P. Morgan Investment Management Inc.)	0.96%	15.70%	9.03%	N/A
U.S. Equity	JNL/JPMorgan MidCap Growth Fund
(J.P. Morgan Investment Management Inc.)	0.90%	23.21%	15.61%	11.32%
Fixed Income	JNL/JPMorgan U.S. Government & Quality Bond Fund
(J.P. Morgan Investment Management Inc.)	0.69%	4.16%	0.50%	1.26%
U.S. Equity	JNL/JPMorgan U.S. Value Fund
(J.P. Morgan Investment Management Inc.)	0.88%	9.00%	9.77%	6.37%
International/Global Equity	JNL/Lazard International Strategic Equity Fund
(Lazard Asset Management LLC)	1.10%	16.51%	7.21%	4.77%
International/Global Equity	JNL/Loomis Sayles Global Growth Fund
(Loomis, Sayles & Company, L.P.)	1.01%	36.41%	13.38%	N/A
Fixed Income	JNL/Lord Abbett Short Duration Income Fund
(Lord, Abbett & Co. LLC)	0.80%	5.38%	N/A	N/A
U.S. Equity	JNL/Mellon DowSM Index Fund
(Mellon Investments Corporation)	0.65%	15.43%	11.73%	10.42%
International/Global Equity	JNL/Mellon Emerging Markets Index Fund3
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)	0.74%2	9.26%	3.36%	2.03%
International/Global Equity	JNL/Mellon World Index Fund
(Mellon Investments Corporation)	0.65%	23.34%	12.50%	8.04%
U.S. Equity	JNL/Mellon Nasdaq® 100 Index Fund
(Mellon Investments Corporation)	0.64%	54.23%	21.90%	16.44%
U.S. Equity	JNL/Mellon S&P 500 Index Fund
(Mellon Investments Corporation)	0.52%	25.67%	15.11%	11.46%
U.S. Equity	JNL/Mellon S&P 400 MidCap Index Fund3
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)	0.56%2	15.81%	12.02%	8.70%
U.S. Equity	JNL/Mellon Small Cap Index Fund3
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)	0.56%2	15.57%	10.48%	7.83%
International/Global Equity	JNL/Mellon International Index Fund3
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)	0.61%2	17.21%	7.72%	3.87%
Fixed Income	JNL/Mellon Bond Index Fund3
(Investment Sub-Adviser to the Master Fund: Mellon Investments Corporation)	0.58%2	4.95%	0.51%	1.22%
U.S. Equity	JNL/Mellon U.S. Stock Market Index Fund
(Mellon Investments Corporation)	0.61%	25.76%	14.57%	N/A
Sector Equity	JNL/Mellon Communication Services Sector Fund
(Mellon Investments Corporation)	0.65%	53.58%	10.53%	7.98%
Sector Equity	JNL/Mellon Consumer Discretionary Sector Fund
(Mellon Investments Corporation)	0.64%	38.59%	15.21%	11.79%
Sector Equity	JNL/Mellon Consumer Staples Sector Fund
(Mellon Investments Corporation)	0.65%	1.65%	9.76%	N/A

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 12/31/23)
1 year	5 year	10 year
Sector Equity	JNL/Mellon Energy Sector Fund
(Mellon Investments Corporation)	0.63%	-1.24%	12.16%	1.84%
Sector Equity	JNL/Mellon Financial Sector Fund
(Mellon Investments Corporation)	0.64%	15.41%	10.64%	8.98%
Sector Equity	JNL/Mellon Healthcare Sector Fund
(Mellon Investments Corporation)	0.63%	1.60%	10.42%	10.48%
Sector Equity	JNL/Mellon Industrials Sector Fund
(Mellon Investments Corporation)	0.66%	20.09%	14.37%	N/A
Sector Equity	JNL/Mellon Information Technology Sector Fund
(Mellon Investments Corporation)	0.62%	58.19%	25.22%	19.51%
Sector Equity	JNL/Mellon Materials Sector Fund
(Mellon Investments Corporation)	0.67%	14.23%	13.52%	N/A
Sector Equity	JNL/Mellon Real Estate Sector Fund
(Mellon Investments Corporation)	0.67%	10.96%	6.63%	N/A
Sector Equity	JNL/Mellon Utilities Sector Fund
(Mellon Investments Corporation)	0.65%	-7.71%	5.95%	7.99%
U.S. Equity	JNL/MFS Mid Cap Value Fund
(Massachusetts Financial Services Company (d/b/a MFS Investment Management))	0.95%	12.30%	12.64%	7.79%
Alternative	JNL/Morningstar PitchBook Listed Private Equity Index Fund
(Mellon Investments Corporation)	0.86%	41.34%	N/A	N/A
U.S. Equity	JNL/Morningstar U.S. Sustainability Index Fund
(Mellon Investments Corporation)	0.71%	25.91%	15.70%	N/A
U.S. Equity	JNL/Morningstar Wide Moat Index Fund
(Mellon Investments Corporation)	0.76%	31.48%	16.64%	N/A
Alternative	JNL/Neuberger Berman Commodity Strategy Fund
(Neuberger Berman Investment Advisers LLC)	0.93%	-5.73%	9.94%	N/A
Alternative	JNL/Neuberger Berman Gold Plus Strategy Fund
(Neuberger Berman Investment Advisers LLC)	1.23%	13.02%	N/A	N/A
Fixed Income	JNL/Neuberger Berman Strategic Income Fund
(Neuberger Berman Investment Advisers LLC)	0.95%	9.78%	3.30%	2.99%
U.S. Equity	JNL/Newton Equity Income Fund
(Newton Investment Management North America, LLC)	0.88%	10.37%	14.92%	10.49%
Fixed Income	JNL/PIMCO Income Fund
(Pacific Investment Management Company LLC)	1.04%	8.51%	2.85%	N/A
Fixed Income	JNL/PIMCO Investment Grade Credit Bond Fund
(Pacific Investment Management Company LLC)	0.84%	7.73%	2.27%	2.83%
Fixed Income	JNL/PIMCO Real Return Fund
(Pacific Investment Management Company LLC)	1.06%	3.96%	3.15%	2.17%
Fixed Income	JNL/PPM America Floating Rate Income Fund
(PPM America, Inc.; FIAM LLC)	0.94%	13.16%	4.00%	2.97%
Fixed Income	JNL/PPM America High Yield Bond Fund
(PPM America, Inc.)	0.76%	12.83%	4.88%	3.49%
Fixed Income	JNL/PPM America Total Return Fund
(PPM America, Inc.)	0.79%	6.67%	1.84%	2.26%

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 12/31/23)
1 year	5 year	10 year
U.S. Equity	JNL/RAFI® Fundamental U.S. Small Cap Fund
(Mellon Investments Corporation)	0.67%	17.25%	10.13%	4.89%
U.S. Equity	JNL/RAFI® Multi-Factor U.S. Equity Fund
(Mellon Investments Corporation)	0.67%	12.06%	11.36%	8.15%
Allocation	JNL/T. Rowe Price Balanced Fund
(T. Rowe Price Associates, Inc.; Sub-Sub-Advisers: T. Rowe Price Investment Management, Inc.; T. Rowe Price Australia Limited; and T. Rowe Price International Ltd)	0.97%2	17.39%	8.47%	N/A
Allocation	JNL/T. Rowe Price Capital Appreciation Fund
(T. Rowe Price Associates, Inc.; Sub-Sub-Adviser: T. Rowe Price Investment Management, Inc.)	0.98%2	18.43%	12.37%	10.02%
U.S. Equity	JNL/T. Rowe Price Established Growth Fund
(T. Rowe Price Associates, Inc.)	0.83%2	48.03%	13.25%	11.59%
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.)	0.99%2	19.96%	11.39%	10.25%
Fixed Income	JNL/T. Rowe Price Short-Term Bond Fund
(T. Rowe Price Associates, Inc.)	0.71%2	4.88%	1.51%	1.20%
Fixed Income	JNL/T. Rowe Price U.S. High Yield Fund
(T. Rowe Price Associates, Inc.; Sub-Sub-Adviser: T. Rowe Price Investment Management, Inc.)	0.93%2	13.65%	2.96%	N/A
U.S. Equity	JNL/T. Rowe Price Value Fund
(T. Rowe Price Associates, Inc.)	0.87%2	11.91%	12.27%	8.96%
Allocation	JNL/Vanguard Moderate ETF Allocation Fund
(Mellon Investments Corporation)	0.70%	10.06%	5.02%	N/A
Allocation	JNL/Vanguard Moderate Growth ETF Allocation Fund
(Mellon Investments Corporation)	0.70%	12.26%	6.91%	N/A
Allocation	JNL/Vanguard Growth ETF Allocation Fund
(Mellon Investments Corporation)	0.69%	14.31%	8.76%	N/A
International/Global Equity	JNL/WCM China Quality Growth Fund
(WCM Investment Management, LLC)	1.36%	-17.96%	N/A	N/A
International/Global Equity	JNL/WCM Focused International Equity Fund
(WCM Investment Management, LLC)	1.13%	16.46%	11.70%	8.27%
Alternative	JNL/Westchester Capital Event Driven Fund
(Westchester Capital Management, LLC)	1.87%	6.46%	4.72%	N/A
Fixed Income	JNL/Western Asset Global Multi-Sector Bond Fund
(Western Asset Management Company, LLC; Sub-Sub-Advisers: Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd.)	0.96%	8.60%	-1.58%	-0.47%
International/Global Equity	JNL/William Blair International Leaders Fund
(William Blair Investment Management, LLC)	0.97%	12.90%	5.54%	2.89%
Allocation	JNL/WMC Balanced Fund
(Wellington Management Company LLP)	0.71%	13.08%	8.73%	7.13%
U.S. Equity	JNL/WMC Equity Income Fund
(Wellington Management Company LLP)	0.88%	6.63%	11.32%	N/A
Sector Equity	JNL/WMC Global Real Estate Fund
(Wellington Management Company LLP)	1.03%	9.46%	1.57%	2.67%

A-6

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 12/31/23)
1 year	5 year	10 year
Fixed Income	JNL/WMC Government Money Market Fund
(Wellington Management Company LLP)	0.56%	4.39%	1.40%	0.82%
U.S. Equity	JNL/WMC Value Fund
(Wellington Management Company LLP)	0.78%	9.21%	11.30%	8.00%
Allocation	JNL/Goldman Sachs Managed Conservative Fund
(Goldman Sachs Asset Management, L.P.)	1.07%	8.55%	3.04%	2.60%
Allocation	JNL/Goldman Sachs Managed Moderate Fund
(Goldman Sachs Asset Management, L.P.)	1.07%	12.19%	5.23%	4.16%
Allocation	JNL/Goldman Sachs Managed Moderate Growth Fund
(Goldman Sachs Asset Management, L.P.)	1.08%	16.00%	7.49%	5.65%
Allocation	JNL/Goldman Sachs Managed Growth Fund
(Goldman Sachs Asset Management, L.P.)	1.10%	20.04%	9.86%	7.36%
Allocation	JNL/Goldman Sachs Managed Aggressive Growth Fund
(Goldman Sachs Asset Management, L.P.)	1.12%	22.19%	11.00%	8.12%
Allocation	JNL Conservative Allocation Fund
	1.16%	9.28%	3.54%	2.85%
Allocation	JNL Moderate Allocation Fund
	1.16%	11.94%	5.69%	4.08%
Allocation	JNL Moderate Growth Allocation Fund
	1.17%	13.73%	7.32%	5.38%
Allocation	JNL Growth Allocation Fund
	1.17%	16.55%	8.88%	6.22%
Allocation	JNL Aggressive Growth Allocation Fund
	1.18%	18.43%	9.96%	6.80%

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.

A-7

Back Cover Page

This summary prospectus incorporates by reference the Elite Access Advisory II® prospectus and Statement of Additional Information (SAI), both dated April 29, 2024, as amended or supplemented. The SAI may be obtained, free of charge, in the same manner as the prospectus.

Separate Account EDGAR contract identifier #C000205594

B-1