Press release


BOSTON, May 4, 2011 Putnam Investments announced today that Jefferson National’s Monument Advisor, the industry’s only variable annuity with a flat-insurance fee1, now offers Putnam Variable Trust (VT) Absolute Return 500 Fund, making it the first variable annuity to incorporate Putnam absolute return strategies.

The new Putnam subaccount offering, a counterpart to the highly widely utilized retail Putnam Absolute Return 500 Fund, was created for use by insurance companies in variable annuities and other variable insurance products that they offer to their customers. Putnam VT Absolute Return 500 seeks to provide a positive return exceeding the rate of inflation by 5 percent, at a lower level of volatility, over a rolling three-year period regardless of market conditions.

“As the industry’s first variable annuity to offer Putnam absolute return strategies, Jefferson National continues a commitment to innovation that creates more value and greater tax-efficiencies for advisors and their clients,” said Laurence Greenberg, President of Jefferson National. “In a challenging market where every basis point counts, adding Putnam’s absolute return strategy to Jefferson National’s flat-insurance fee variable annuity allows investors to pursue positive returns with lower volatility than traditional funds — and improve performance potential with the power of tax deferral.”

In commenting on the inclusion of Putnam VT Absolute Return 500 Fund in the Monument Advisor program, Bill Connolly, Head of Global Distribution, Putnam Investments, said, “In recognizing the powerful role of absolute return strategies in helping investors achieve successful goal-based outcomes, Jefferson National is clearly distinguishing itself as a thoughtful, innovative, variable annuity provider. We expect that Jefferson National will be applauded as a true trailblazer by the industry’s only variable annuity to incorporate Putnam Absolute Return strategies.”  

Managed by the same team of portfolio managers and in the same manner as the retail Absolute Return 500 Fund, led by Jeffrey L. Knight, Head of Global Asset Allocation, Putnam VT Absolute Return 500 Fund combines two independent investment strategies: A beta strategy that seeks to balance risk and provide positive total return through a comprehensively diversified, multi-asset class market portfolio with broad exposure to investment markets, and an alpha strategy with a variety of active trading tactics that employ security selection, tactical asset allocation, currency transactions and options transactions.

Putnam and Absolute Return Strategies
Putnam Absolute Return Funds employ diverse strategies to help manage risk, including investments across sectors; short-maturity fixed-income securities; derivatives to hedge against market declines; Treasury futures contracts to reduce interest-rate risk; and cash positions to help stabilize fund performance. Currently, Putnam Absolute Return Funds have over $3 billion in assets under management. Nearly 10,000 advisors from more than 500 broker-dealers have used Putnam absolute return products in portfolio construction.

The new variable trust offering will join the Putnam RetirementReady® (lifecycle), and Putnam 529 for AmericaSM funds as investment vehicles that make Putnam absolute return strategies available to advisors and their clients on a tax-deferred basis.

About Jefferson National Financial Corp.
Jefferson National Financial Corp. is a leading innovator offering products and services for fee-based and fee-only advisors and the clients they serve. Jefferson National is acclaimed for launching Monument Advisor, the industry’s first and only flat-insurance fee variable annuity, and was recently recognized as the DMA “2010 Financial Services Company of the Year.” Utilizing a flexible technology platform, highly efficient operations, and cost-effective servicing capabilities, Jefferson National serves more than 50,000 customers nationwide. The company is domiciled in Dallas, Texas, with authority in 49 states and the District of Columbia. To reach the firm's advisor support desk, please call 1-866-WHY-FLAT (1-866-949-3528). To learn more, please visit 

About Putnam Investments
Founded in 1937, Putnam Investments is a leading global money management firm with over 70 years of investment experience. At the end of April 2011, Putnam had $130 billion in assets under management, including mutual fund assets of $71 billion and institutional assets of $59 billion. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore and Sydney. For more information, visit

Putnam mutual funds are distributed by Putnam Retail Management.
Putnam’s Absolute Return Funds are not intended to outperform stocks and bonds during strong market rallies.

Important Disclosure:
An investor should carefully consider the investment objectives, risks, charges and expenses of the investment before investing or sending money. The contract prospectus and underlying fund prospectuses contain this and additional information. To obtain prospectuses, 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.

Consider these risks before investing: Our allocation of assets among permitted asset categories may hurt performance. Funds that invest in bonds are subject to certain risks including interest-rate risk, credit risk, and inflation risk. As interest rates rise, the prices of bonds fall. Long-term bonds are more exposed to interest-rate risk than short-term bonds. Unlike bonds, bond funds have ongoing fees and expenses. Lower-rated bonds may offer higher yields in return for more risk. Funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk. International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Additional risks may be associated with emerging-market securities, including illiquidity and volatility. The use of derivatives involves special risks and may result in losses. REITs involve the risks of real estate investing, including declining property values. Commodities involve the risks of changes in market, political, regulatory, and natural conditions. Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Additional risks are listed in the funds’ prospectus.

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 59½ 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) Jefferson National’s Monument Advisor has a $20 flat-insurance fee on more than 97% of its 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 for investors wishing to purchase shares of ultra low-cost funds. 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.