Wednesday, May 02, 2007
John Hancock Annuities Introduces New, Optional Lifetime Withdrawal Benefit
John Hancock Annuities today announced the introduction of its new Income Plus For Life optional withdrawal benefit rider. Investors who elect the new rider, offered on John Hancock's Venture Variable Annuity contracts, are guaranteed lifetime income that can begin as early as age 59 1/2. The initial annual income is 5% of their initial purchase payment. This amount can increase for investors who wait at least one year to take withdrawals, and is guaranteed to double for clients who wait the later of at least 10 years or age 70.
John Hancock Annuities Introduces New, Optional Lifetime Withdrawal Benefit
Source: Yahoo! Finance
John Hancock Annuities Introduces New, Optional Lifetime Withdrawal Benefit
Source: Yahoo! Finance
Permalink posted by armandn @ 6:54 AM 
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