In a company press release entitled “John Hancock Expands Fixed Annuity Portfolio With New JH Signature Product,” the new JH Signature fixed annuity was introduced by John Hancock Financial’s Fixed Products Group. The product is a guaranteed annuity with modifications. JH Signature combines multiple ‘rate for term’ options, strong interest rates that are guaranteed, and eldercare support systems to help consumers manage. John Hancock Financial is one of the top rated insurance companies and they believe that with that support and the benefits of safety, security, competitive rates, and tax deferred growth, JH Signature is a top of the line product offering.
Investors can select guarantee periods of 3, 5, 7, or 10 years and have a matching withdrawal charge schedule. $25,000 is the minimum investment, but the interest rates do increase with additional investment levels. Make a 401k annuity transfer when you retire and you could lock in a highly competitive interest rate. During the guarantee period, investors can take withdrawals up to the amount of the last year’s interest without any penalty. The Family Resource Benefits are offered with the JH Signature product with no extra cost involved. These include a wealth of information on professional health and lifestyle for consumers looking for programs, referrals, and even discounts relating to eldercare situations. The JH Signature fixed annuity is a product that may have the benefits to best suit your investing needs.