Elizabeth Jacobson was born on March 26, 1984, in Orlando, Florida. She enlisted in the U.S. Air Force on December 9, 2003, and was trained in the Security Police career field. A1C Jacobson was assigned to the 17th Security Forces Squadron at Goodfellow AFB, Texas, in November 2004, and she deployed to Iraq in support of Operation Iraqi Freedom in June 2005 as part of the 586th Expeditionary Security Forces Squadron. She was killed in action in Iraq on September 28, 2005, when the vehicle she was riding in was hit by an improvised explosive device. Elizabeth Jacobson was buried at the Forest Lawn Memorial Gardens Cemetery in Pompano Beach, Florida.

Her Bronze Star Medal Citation reads:

Airman First Class Elizabeth N. Jacobson distinguished herself by meritorious achievement as a Gun Truck Crew Served Weapons Operator for Convoy Operations, 586th Expeditionary Security Forces Squadron, 386th Expeditionary Mission Support Group, 386th Air Expeditionary Wing, United States Central Command Air Forces, while engaged in ground operations against an opposing armed force at Camp Bucca, Iraq on 28 September 2005. On that date while providing lead security on a convoy mission to Navistar on the border of Iraq and Kuwait, her vehicle was struck by an Improvised Explosive Device. Airman Jacobson gave her life in the defense of our nation and for the Freedom of the people of Iraq. By her heroic actions and unselfish dedication to duty in the service of her country, Airman Jacobson has reflected great credit upon herself and the United States Air Force.