Boston– John Hancock Annuities today announced a new distribution partnership with Edward Jones, the retail brokerage firm with more than 10,000 advisors and seven million clients across the United States. As a result, John Hancock annuity products are expected to become available for distribution within the Edward Jones system in early 2008. Edward Jones was one of the few national broker/dealers which had previously not offered John Hancock annuities.
“Both John Hancock and Edward Jones share the same philosophy of providing high-quality, long-term investment opportunities and service to our clients. We both are customer-focused and offer strong brands that investors recognize and trust,” said Marc Costantini, President, John Hancock Annuities. “Our new alliance with Edward Jones is a natural fit, and we are excited to introduce our annuity products to Edward Jones’ advisors and customers.”
Robert Cassato, Executive Vice President of Distribution, John Hancock Financial Services, Inc. said: “Edward Jones has a proven distribution model of personalized financial advice, exemplified by its many accolades for advisor and investor satisfaction over the years. We are pleased to have been selected to become one of a handful of insurance companies that offer annuities through the Edward Jones system, where we believe our financial strength, unparalleled investment platform and innovative income solutions will resonate.”
"We have had an existing relationship with John Hancock in the area of long-term care insurance since the late 1990's. Their variable annuity is competitively priced and will be an attractive alternative for our clients looking for retirement savings and income," said Merry Mosbacher, Principal, Edward Jones Insurance Marketing.
John Hancock’s variable annuities offer the company’s popular Income Plus for Life optional withdrawal benefit rider, which provides lifetime income and additional rewards to clients who choose to take income later. All guarantees are backed by the claims-paying ability of John Hancock, one of the highest rated insurance companies in the variable annuity industry.
John Hancock variable annuities also provide access to premier investment management choices, including well-known managers like American Funds and Franklin Templeton, as well as John Hancock’s top-selling Lifestyle Portfolios.
About John Hancock Financial and Manulife Financial
John Hancock Financial is a unit of Manulife Financial Corporation (the Company), a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock Financial in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$399 billion (US$398 billion) as at September 30, 2007.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
The John Hancock Financial unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock Financial offers a broad range of financial products and services, including life insurance, fixed and variable annuities, mutual funds, 401(k) plans, long term care insurance, college savings, and other forms of business insurance.
John Hancock Financial’s primary insurance subsidiaries carry the highest—“AAA”—financial strength rating from Standard & Poor’s Ratings Services.
Contact your financial consultant 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 investing. The prospectuses contain this and other information on the product and the underlying portfolios.
The guarantee does not apply to the investment performance or safety of the underlying portfolios. Income Plus For Life can only be elected at issue and is irrevocable. Optional riders may not be available in all states, can only be elected at issue, are irrevocable, and may not be available in qualified plans. Features and availability may vary by state. Additional fees, restrictions and limitations apply. See the prospectus for full 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 investment goals and personal circumstances.
** S&P, May 2007. These ratings, which are current as of the prospectus dated May 2007 and subject to change, are assigned to John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York as a measure of the companies’ ability to honor any guarantees provided by Venture Variable Annuities and any applicable optional riders, but not specifically to the products, the performance (return) of these products, the value of any investment in these products upon withdrawal, or to individual securities held in any portfolio.
This information was prepared to support the promotion and marketing of Venture Annuities. Neither John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company of New York, John Hancock Distributors LLC, nor any of their representatives provide tax, accounting, 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, or legal statements made herein.
Venture Annuities and the optional riders 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. Withdrawal charges apply to withdrawals taken in excess of the withdrawal amount available without charge during the surrender charge period, excluding Venture Vision. All withdrawals reduce the death benefit and optional benefits. 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 no guarantee of future results.
Venture Annuities are issued and administered by John Hancock Life Insurance Company (U.S.A.), a Bloomfield Hills, MI, company with its annuity service office in Boston, MA. Venture Combination Fixed and Variable Annuities are distributed by John Hancock Distributors LLC, member FINRA.
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