A Fixed Annuity from John Hancock
Annuity Highlights
Minimum Initial Payment
$25,000
Amount Available Without Withdrawal Charge
During the guarantee period, you may withdraw the larger of either, the RMD as calculated by John Hancock or, amounts up to the interest credited over the previous 12 months (free amounts) without a withdrawal charge or a market value adjustment (MVA), net of prior withdrawals.
Declining Withdrawal Charge
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A strategy that works with you
Whether you are searching for a safe place to invest your retirement assets, an attractive return for your retirement rollover funds, additional stability to your investment portfolio, or a way to provide consistency of returns, you can consider it in a JH Signature Fixed Annuity.
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Key Features
Safety & Security
designed to provide a safe investment with guaranteed fixed interest rates.
Guaranteed Interest Rates
JH Signature offers a choice of 3-, 5-, 7-, and 10-year guarantee periods. Premiums earn a guaranteed rate of interest during the guarantee period, with higher interest rates for premiums above $50,000 and $100,000, respectively.
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Financial Strength
with a long tradition and rich heritage, John Hancock is among the highest rated life insurance companies for financial strength and stability.
Tax-Deferred Growth
tax-deferred earnings enable your money to compound and grow more efficiently.
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More Information About JH Signature Fixed Annuity
Maximum Purchase Payment
$1,000,000 without prior home office approval.
Maximum Issue Age
90 (85 in KY)
Standard Death Benefit
Named beneficiary receives the full account value of the annuity (less applicable taxes). All withdrawal charges and the MVA are waived to maximize proceeds left to the named beneficiary.3
Retirement Withdrawals
Fixed annuity retirement options including payments guaranteed for life.
Qualified Plan Availability
Available for qualified and nonqualified plans.
State Availability
All states EXCEPT CA, MN, NC, NY, OR, PA, PR, WA.
JH Signature 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
John Hancock's Advantage List offers competitive rates at thousands of nursing homes and home health-care agencies across the country. (Not available in Puerto Rico.)
Nursing Home-Chronic/Critical Illness Waiver
Waiver of all withdrawal charges or an MVA if the owner or their spouse is confined to a nursing home or diagnosed with a critical illness.
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Renewal Options
Within the thirty days following the end of the guarantee period, you may request one of the following without an MVA or withdrawal charge:
- Move the money to any available guarantee period.
- Begin annuity payouts
-Withdraw some or all of your account value.
If no election is made within the thirty days following the end of the guarantee period, your money will be automatically moved to a one-year guarantee period, or if not available, the next shortest term offered, to provide you with the time to choose what you wish to do next. Withdrawal charges related to the new guarantee period may be applicable. See the prospectus for details.
What is a Market Value Adjustment (MVA)?
Withdrawals from your annuity may be subject to an MVA. The MVA is based on a formula which responds to interest rate movements. It reflects the change in interest rates from the time you invest, until the time of withdrawal. For example, if interest rates have dropped since you first purchased your annuity, the amount you receive could actually be higher than the amount you expected to withdraw. If rates have risen however, you may lose the interest earned and a portion of your purchase payment. Withdrawals made at the end of the term, during the 30-day window following the expiration of a guarantee period, are not subject to an MVA.
The MVA will NOT be assessed on:
Withdrawals less than the free amount, RMD Withdrawals as calculated by John Hancock, Lump Sum Death Benefits, and transactions during the 30-day free window.
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The MVA will be assessed on:
Withdrawals exceeding the Free Amount (interest credited over the previous 12 months, minus any withdrawals or an RMD), Annuitization, Free Look.
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Contact 1-800-334-4437 for more information, including the prospectus that contains complete details on investments, as well as other information about the insurance company, which should be carefully considered. Please read the prospectus carefully prior to purchasing. The prospectus contains this and other information on the product.
Typically, MVA fixed annuities do not have up-front sales loads or ongoing expenses. The insurance company's costs are built into the interest rate paid on the contract. Additionally, your contract may be subject to an early withdrawal charge (also called a contingent deferred sales charge). You should consult the prospectus for the MVA fixed annuity that you are considering for the specific early withdrawal charge schedule and the market value adjustment calculation. To invest safely in a market value adjusted annuity, you should fully evaluate the financial strength of the issuing insurance company and carefully read the annuity product disclosure.
Waiver of withdrawal charges due to critical illness may not be available in all states. Benefit triggers may vary by state.
All guarantees are subject to the claims paying ability of the issuing insurance company.
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 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.
