Facts about Annuities

• Venture Variable Annuities combine a number of features and benefits, including professional asset management, death benefit protection, and tax deferral. Optional benefits provide living benefit protection and are available for an additional fee.
• When you purchase a variable annuity, you are purchasing a long-term contract with an insurance company, designed to provide retirement payments. The annuity provides a guaranteed death benefit and the ability to receive lifetime income. By electing an optional withdrawal benefit, you have the opportunity to stay in the market while guaranteeing that an amount equal to your principal will be returned through withdrawals, regardless of market performance.
• Withdrawals may be subject to withdrawal charges and will reduce the death benefit, optional benefits and contract value. 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. Withdrawals exceeding the free withdrawal amount may be subject to applicable withdrawal charges.
• Variable annuities are subject to insurance-related fees (such as Mortality and Expense risk charges, administrative fees, and asset management fees) and withdrawal charges for early withdrawal. These fees and charges must be taken into consideration when considering purchasing an annuity.

Facts about Income Plus For Life Optional Rider

• Provide guaranteed lifetime withdrawals equal to 5% of the benefit base at age 65 (4.75% following the youngest contract owner's attaining the age of 65 for the Joint Life option), or equal to the initial annual withdrawal amount if the contract is issued after the owner attains age 65.
• Provide guaranteed lifetime withdrawals equal to 4% of the benefit base at age 59½ (3.75% following the youngest contract owner's attaining the age of 59½ for the Joint Life option), or equal to the initial annual withdrawal amount if the contract is issued after the owner attains age 59½.
• Annual 5% credit available each year a withdrawal is not taken during first 10 years, prior to age 95. Credit is added to benefit base, not the contract value and is not available as a lump sum.
• Automatic annual step-ups up to age 95.
• Each step-up reloads credit period for additional 10 years. Credits applied to age 95.
• Specific portfolio options offered help provide investment balance.
• The annual fee is 0.90%. The fee is based on the adjusted benefit base and is deducted from the contract value on the anniversary. Upon step-up, the fee may be raised to a maximum 1.20%. The step-up may be declined if the fee is raised, and the previous benefit base and fee may be retained. The fee is in addition to all contract and insurance-related fees.
• It is important to understand that GMWB's are optional benefits available with variable annuity contracts and cannot be elected without purchasing the annuity contract. These benefits may not be appropriate for those individuals who do not foresee a need for liquidity and whose primary focus is tax deferral. Before considering such benefits, please make sure the annuity is suitable for your investment goals and personal circumstances.
• Initial purchase payments of $1,000,000 (sub-payments of $100,000) or greater to a Venture Variable Annuity with Income Plus For Life require prior company approval.
• The guarantees are backed by the claims-paying ability of the issuer. Optional GMWB riders can only be elected at issue, are irrevocable, and may not be available in all products, in conjunction with other riders, or in qualified plans. Features and availability may vary by state. Only one version can be elected per contract. Additional fees, restrictions and limitations apply. See the prospectus for full details.

What is a benefit base?

• Your benefit base is the amount used to determine your Lifetime Income Amount, and the rider fee. It begins with your initial purchase payment. There are several ways your benefit base can change:
• It may increase when you make additional payments to the contract.
• It increases when there is a step-up or when a credit is added for deferring withdrawals.
• It can decrease when you take a withdrawal that exceeds your Lifetime Income Amount. The maximum allowable benefit base is $5 million. It can only be taken in regular withdrawals and not as a lump-sum payment. If your withdrawal is greater than the allowed percentage of the benefit base, and it is not a Required Minimum Distribution, your guaranteed annual withdrawal amount may be reset, and ultimately be less than your total purchase payments.

Contact your financial advisor or visit www.jhannuities.com for more information, including product and fund prospectuses that contain complete details on investment objectives, risks, fees, charges, and expenses as well as other information about the investment company, which should be carefully considered. Please read the prospectuses carefully prior to investing. The prospectuses contain this and other information on the product and the underlying portfolios.