More Choices, More Resources to Cover the Spectrum of Your Life
Annuity Highlights
Minimum Initial Payment
$10,000
Minimum Subsequent Payment
$5001
Amount Available Without Withdrawal Charge
10%
Declining Withdrawal Charge
2
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Only One Fixed Annuity Offers This Spectrum of Benefits
Designed to be at the foundation of any retirement portfolio, the JH Spectrum Fixed Annuity is built on the heritage and tradition, and backed by the financial strength, of John Hancock- a name you know and trust.
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Key Features
Family Resource Benefits
Referral services and programs to help you and your family better understand and manage challenging care situations.
Choice of Guarantee Periods
Gain flexibility with multiple competitive interest rate guarantee options on your initial purchase premium .
Your Principal is Protected
Rest assured that your hard earned money won't be exposed to market volatility.
Payment Enhancements
Receive an immediate payment enhancement on every dollar added to your contract. You may also receive an additional 15 basis points payment enhancement on your premiums if they are provided from qualified funds.
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Death Benefit Protection
Pass on accumulated assets to your beneficiaries.
Tax Deferral
Your assets grow on a tax-deferred basis. Pay no taxes on your earnings until they are withdrawn. Charges may apply to amounts taken in excess of the withdrawal amount available without a withdrawal charge during the surrender charge period. All withdrawals reduce the death benefit and optional benefits. In addition, withdrawals of taxable amounts will be subject to ordinary income tax and, if made prior to age 59½, a 10% IRS penalty tax may apply.
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Optional Benefits
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More Information About JH Spectrum Fixed Annuity
Maximum Purchase Payment
$1,000,000 without prior home office approval.
Maximum Issue Age
90 (85 in KY, MA, OR, and WA)
Standard Death Benefit
The greater of total payments reduced by withdrawals or the value of the contract at that time.5
Retirement Withdrawals
Fixed annuity retirement options including payments guaranteed for life.
Qualified Plan Availability
Available for qualified and nonqualified plans.
State Availability
Available in AK, AL, AR, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, KS, KY, LA, MA, MD, ME, MI, ND, NE, NH, NV, NY, OH, OK, PA, RI, SC, SD, TN, TX, UT, VA, VT, WI, WV, WY.
JH Spectrum Fixed Annuity Special Features
Resources and Consultation
You and your immediate family members receive toll-free access to Seniorlink, a national eldercare program that provides professional expertise and personalized advice on a variety of age-related issues, services, and resources.
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Competitive Rates
LifePlans, a leading long-term care services group, administers Advantage List. You can call them for more information at 800-886-7269.
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Waiver of withdrawal charges due to critical illness may not be available in all states. Benefit triggers may vary by state.
All contract and rider guarantees, including optional benefits and any fixed subaccount crediting rates or annuity payout rates, are backed by the claims-paying ability of John Hancock. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased or any affiliates of those entities and none makes any representations or guarantees regarding the claims-paying ability of John Hancock.
Before committing to a particular guarantee period, consumers should consider carefully whether they have the ability to remain invested throughout the guarantee period.
An annuity is a long-term contract designed for retirement purposes, wealth distribution, and wealth transference and is not suitable for meeting short-term objectives.
Benefits and features are not available in all states.
JH Signature is issued and administered by John Hancock Life Insurance Company (U.S.A.), Bloomfield Hills, MI (not licensed in NY). Distributed by John Hancock Distributors LLC, member FINRA .
FASIGWEB 08/09 Policy and Rider Form Series
09MVA, 09MVAGRP, 00NHCI, 01NHCIG, 07NHCI, 09NHCIG.
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$100 if electronic bank transfer
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Withdrawals may be subject to withdrawal charges and will reduce the death benefit and optional benefits. In addition, withdrawals of taxable amounts will be subject to income tax and, if made prior to age 59 1/2, a 10% IRS tax penalty will apply.
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Payment Enhancement percentages are subject to change and availability. Payment Enhancement is not part of the guarantee of principal.
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Each contract year, the 10% withdrawal amount available without a withdrawal charge will be based on the value of your contract on the date the first withdrawal is made. Qualified retirement plans (such as 401(k)and IRA) also provide tax-deferred growth. There is no additional tax advantage if the annuity is held inside a qualified plan.
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Withdrawals reduce the death benefit proportionally.
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Seniorlink is the current referral-service provider for John Hancock. Seniorlink is not associated with John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company of New York or its affiliates. This program may be changed or discontinued at any time. Seniorlink is not long-term care insurance.
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LifePlans is the current referral-service provider for John Hancock Life Insurance Company (U.S.A.),
John Hancock Life Insurance Company of New York and its affiliates. Actual costs of care vary greatly
depending on the care provider and geographic location. Savings are not guaranteed and may be
discontinued by the provider at any time. Not available in Puerto Rico.
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