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John Hancock Launches New Retirement Income Solution
Date:6/1/2009

- John Hancock AnnuityNote Variable Annuity offers a simplified solution to generating lifetime income

- Market participation with downside protection

- Simple A share structure

BOSTON, June 1 /PRNewswire-FirstCall/ -- John Hancock today announced the launch of a new retirement income product designed to bring the elusive goal of guaranteed income to a broader market beyond the reach of traditional variable annuities. The new product, John Hancock AnnuityNote, features one underlying diversified portfolio*, a straightforward lifetime income benefit, and an all-in expense of 1.74 percent.

"The need for guaranteed retirement income from a financially secure company has never been greater," said Marc Costantini, President of John Hancock Annuities. "Over the past 18 months we have witnessed unprecedented market volatility and deterioration in investor confidence. Our new AnnuityNote helps generate a future lifetime income that is not impacted by market downturns. It also has lower costs and a much more simplified design."

"With our new AnnuityNote product, we at John Hancock believe we can now offer a solution to advisors and clients who may in the past have avoided annuities for reasons such as cost and complexity," said Robert Cassato, Executive Vice President, Distribution. "We think many cost conscious advisors will now be inclined to consider converting a portion of their clients' retirement savings into predictable, guaranteed income using a John Hancock AnnuityNote."

Among the features of John Hancock's AnnuityNote are:

  • Lifetime income. After a five-year hold, five percent guaranteed lifetime income is based on the higher of the total amount invested or the fifth contact anniversary value. A withdrawal during the five-year hold may reduce the future lifetime income guarantee.
  • Liquidity. Investors have 100
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SOURCE John Hancock Financial
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