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
$1,000,0003
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.4
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 NY, OR, 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
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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Nursing Home-Chronic/Critical Illness Waiver
Waiver of all withdrawal and MVA charges if the owner or his or her 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 will 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. 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. Please refer to the prospectus for more information.
The MVA will NOT be assessed on:
Withdrawals less than the Free Amount or RMD Withdrawals as calculated by John Hancock if greater, Lump Sum Death Benefits, transactions during the 30-day free window.
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The MVA will be assessed on:
Withdrawals exceeding the Free Amount (or RMD if greater) minus any withdrawals, Annuitization, Free Look.
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Contact 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.
Please note JH Signature is a registered product which can only be sold by a registered representative appointed with John Hancock.
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 prospectus.
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.
