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Annual Step-Up Death Benefit Optional Rider
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Solid Financial
Ratings
| These ratings, which are current as of August 10, 2010, and are subject to change, are assigned to John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York as a measure of the companies' ability to honor any guarantees provided by John Hancock Variable Annuities and any applicable optional riders, but not specifically to the products, the performance (return) of these products, the value of any investment in these products upon withdrawal, or to individual securities held in any portfolio. |
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The Annual Step-Up Death Benefit, offers an additional benefit for your beneficiaries that may enable them to receive an amount greater than the standard death benefit. It guarantees the annuity's principal at death, and it captures potential gains that may increase the contract value, "locking in" the highest contract anniversary value on each contract anniversary, up to age 75.
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Annual Step-Up Death Benefit at a glance
If the owner's death occurs prior to annuitization, beneficiaries will receive the greater of:
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The contract value on the date death is reported to us,
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The total of all payments into the contract, reduced proportionately for withdrawals,
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The highest value the contract attained on any contract anniversary up to the year the owner attained age 75.
Ask your Financial Consultant how the Annual Step-Up Death Benefit might fit into your personal retirement strategy with Venture Annuities. They can help assess your individual needs and evaluate whether this optional benefit is appropriate for you.
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