Need to get your plans for the future on track? You can have the retirement that you both want with help from Venture Variable Annuities and an optional Income Plus For Life rider.


Are you ...

  • Interested in a flexible guaranteed income stream?
  • Willing to wait to take withdrawals if it means greater income potential?
  • In need of a guaranteed income stream for both you and your spouse?

Consider making Income Plus For Life or Income Plus For Life Joint Life a part of your retirement strategy. Both optional riders are available for an annual fee of 1.00% (max fee of 1.50%), and offer a three-step strategy to help you protect and grow your retirement income.

Set an income floor

  • Once you reach age 59½, your retirement income is guaranteed for life.
    • 4% withdrawals are guaranteed with Income Plus For Life
    • 3.75% withdrawals are guaranteed with Income Plus For Life-Joint Life
  • Waiting until age 65 to take withdrawals can mean greater income
    • 5% withdrawals are guaranteed at age 65 with Income Plus For Life
    • 4.75% withdrawals are guaranteed at age 65 with Income Plus For Life-Joint Life
Establish your footing
  • Get credit for waiting to take income. Deferral credits are available in years when you do not take a withdrawal, and can help increase your future retirement income.
  • You initially receive ten credit opportunities, and your opportunities will "reload" if your contract value steps up, prior to age 95.
    • 6% annual deferral credits are available at ages 65 and older
    • 5% annual deferral credits are available prior to age 65

Capture potential market gains

  • Step-ups can help you capture a market rebound, and increase your guaranteed income.
  • Step-ups can occur annually, and opportunities are available through age 95. Step-ups are also automatic.



When you elect Income Plus For Life, you may invest in four diversified Lifestyle PS portfolio options, and a fixed income option. For more information on these investment options visit the JHVIT Lifestyle PS Series.

The guarantees of the annuity contract and rider are backed by the financial strength and claims-paying ability of John Hancock Life Insurance Company (U.S.A.) or John Hancock Life Insurance Company of New York.

 

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 purchasing. The prospectuses contain this and other information on the product and the underlying portfolios.

The annual fee is 1.00% (max 1.50%). The fee is based on the adjusted benefit base and is deducted from the contract value on the anniversary. John Hancock reserves the right to increase the fee after the second contract anniversary up to a maximum of 1.50%. An increase in fee cannot be declined. If increased, the fee will not change for at least the next two contract years. The fee is in addition to all contract and insurance-related fees.

The guarantees are backed by the claims-paying ability of the issuer. Income Plus For Life is irrevocable and may not be available in conjunction with other riders, or in qualified plans. Features and availability may vary by state and firm. Additional fees, restrictions, and limitations apply. See the prospectus for details.

It is important to understand that Income Plus For Life is an optional benefit available with Venture Variable Annuity contracts and cannot be elected without purchasing the annuity contract. This benefit may not be appropriate for those individuals who do not foresee a need for liquidity and whose primary focus is tax deferral. Before considering this benefit, please make sure the annuity is suitable for your financial goals and personal circumstances. A GMWB requires clients to choose from a selection of pre-built diversified portfolios available with the variable annuity, requires taking withdrawals to receive certain benefits, contains age caps and limitations at certain ages, and you must be living in order to receive certain benefits.

Venture Annuities and the optional riders, which are available for an additional fee, are not available in all states; product features may vary, subject to state regulation. Variable annuities are not FDIC insured, are long-term contracts designed for retirement purposes, and are subject to investment risk, including the possible loss of principal.

Charges may apply to amounts taken in excess of the withdrawal amount available without a withdrawal charge during the surrender charge period. All withdrawals 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. Past performance is not a guarantee of future results.

Ask your financial advisor how Income Plus For Life 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. The maximum benefit base is $3 million on any one contract.

Withdrawals of taxable amounts from a variable annuity are subject to ordinary income tax and, if made prior to age 59½, may be subject to a 10% IRS penalty tax. Withdrawals will reduce the contract value, as well as any death benefit, living benefit, and contract surrender value. Withdrawals will come first from any gain in the contract.

Venture Annuities are issued and administered by John Hancock Life Insurance Company (U.S.A.), Bloomfield Hills, MI, which is not licensed in New York. In New York, Venture Annuities are issued and administered by John Hancock Life Insurance Company of New York, Valhalla, NY. Venture Combination Fixed and Variable Annuities are distributed by John Hancock Distributors LLC, member FINRA.

This material was prepared to support the promotion and marketing of variable annuities. John Hancock, its distributors, and their respective representatives do not provide tax, accounting, investment, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S. federal, state or local tax penalties. Please consult your own independent advisor as to any tax, accounting, investment, or legal statements made herein.

© 2011 All rights reserved.


US Division:  Please visit www.johnhancock.com for additional information on the company and other products John Hancock offers.

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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.