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What is a variable annuity?

"A variable annuity is a long-term contract between you and an insurance company, designed to help you grow your retirement assets and provide regular withdrawals when you are in retirement."

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Registered Annuities are issued and administered by John Hancock Life Insurance Company (U.S.A.), Bloomfield Hills, MI which is not licensed in New York. John Hancock Distributors LLC, member FINRA, is the principal underwriter and an affiliate of the insurance companies.