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Variable annuities offer a standard death benefit feature of principal at death. However, you can opt to elect the Annual Step-Up Death Benefit for an additional fee, and capture potential gains for your beneficiaries by "locking in" a higher contract value on each contract anniversary up to age 75.

Annual Step-Up Death Benefit Highlights

  • Locks in potential market gains on each contract anniversary.

  • Passes the highest of those gains to your beneficiaries (prior to annuitization).

  • Is available for an additional asset-based fee of 0.30% annually.

  • Can only be elected at issue and is irrevocable.

  • The guarantees are backed by the claims-paying ability of John Hancock Life Insurance Company (U.S.A.).

If the owner's death occurs prior to annuitization, then beneficiaries will receive the greatest of:

  • The contract value on the date the death is reported to John Hancock.
  • The total of all payments into the contract, reduced proportionately for withdrawals.
  • The highest value the contract attained on any contract anniversary up to the year the owner attained age 75.

Ask your financial advisor 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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Annuities are issued and administered by John Hancock Life Insurance Company (U.S.A.), Boston, MA, 02116 which is not licensed in New York. John Hancock Distributors LLC, member FINRA, is the principal underwriter and an affiliate of the insurance companies.