JH Signature. A Fixed Annuity from John Hancock 0809:41517 FA0192

Transcription

1 JH Signature Facts at a Glance A Fixed Annuity from John Hancock 0809:41517 FA0192 Issued Issued by John by John Hancock Hancock Life Life Insurance Insurance Company Company (U.S.A.) (U.S.A.) New New York: York: John John Hancock Hancock Life Life Insurance Insurance Company Company of New of New York York

2 Fixed Annuity Update JULY 2011 The following updates apply to our Fixed Annuity products. Certain product features and regulations have been revised. Please contact your financial advisor if you have any questions. Expanded Guarantee Periods Our Fixed Annuity products offer multiple rate guarantee period options providing maximum flexibility. Please note that your guarantee period is selected at the time of application and matches your withdrawal period. Interest crediting rates and guarantee period availability are subject to change. For up-to-date availability of guarantee periods, contact your financial advisor. Please see the product prospectus for further details concerning guarantee periods. Policy and Rider Form Series Updates The following Policy and Rider Form Series are now applicable: 09MVA, 09MVAGRP, ICC10MVA1, 00NHCI, 01NHCIG, 07NHCI, 09NHCIG Safeguard Our Seniors Act (Applicable to Florida contracts only) Effective January 1, 2011, Florida Statue (9) limits the time period withdrawal charges can be assessed on contracts issued in Florida to senior citizens (age 65 years or older on the contract issue date). Therefore, for contracts issued in Florida after that date to residents age 65 or older, withdrawal charges will not apply on any withdrawals taken after the tenth Contract Anniversary. Please note that a market value adjustment (MVA) may still be applicable; please consult your prospectus for further information on the product. ISSUED BY JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) 0711:30405 Page 1 of 2

3 Contact your financial advisor or visit for more information, including the prospectus that contains complete details on investments, as well as other information about the insurance company, which should be carefully considered. Please read the prospectus carefully prior to purchasing. The prospectus contains this and other information on the product. Typically, MVA fixed annuities do not have up-front sales loads or ongoing expenses. The insurance company s costs are built into the interest rate paid on the contract. Additionally, your contract may be subject to an early withdrawal charge (also called a contingent deferred sales charge). You should consult the prospectus for the MVA fixed annuity that you are considering for the specific early withdrawal charge schedule and the market value adjustment calculation. To invest safely in a market value adjusted annuity, you should fully evaluate the financial strength of the issuing insurance company and carefully read the annuity product disclosure. John Hancock Fixed Annuities are distributed by John Hancock Distributors LLC, member of FINRA. An annuity is a long-term contract designed for retirement purposes, such as asset accumulation and distribution, and may not be suitable for meeting short-term objectives. John Hancock Fixed Annuities are issued and administered by John Hancock Life Insurance Company (U.S.A.), Bloomfield Hills, MI (not licensed in New York). John Hancock Annuities Service Center P.O. Box 9505 Portsmouth, NH All rights reserved. Page 2 of 2

4 JH Signature JH Signature offers: Safety & Security designed to provide a safe investment with guaranteed fixed interest rates. Competitive Rates competitive rates and the ability to earn higher interest rates if your initial premium falls within the higher dollar amounts (see Guaranteed Interest Rates section). Financial Strength with a long tradition and rich heritage, John Hancock is among the highest rated life insurance companies for financial strength and stability. Tax-Deferred Growth 1 tax-deferred earnings enable your money to compound and grow more efficiently. JH Signature Highlights Minimum Initial Premium: $25,000 (for qualified and nonqualified funds). Eligible for Purchase: Through age 90 (85 in KY). Maturity Age: 95. Maximum Premium: $1 million (without prior home office approval). Sales Charge or Fees There is no up-front sales charge or fee. A surrender charge and a market value adjustment (MVA) may apply to withdrawals made prior to the end of a guaranteed period. Additionally, some states impose a premium tax. Please see the prospectus for full details. Guarantee Periods JH Signature offers a choice of 3-, 5-, 7-, and 10-year guarantee periods. At various times, these and other guarantee periods may or may not be available. Principal and interest are guaranteed if held for the length of the guarantee period. When selecting a guarantee period you should consider your liquidity needs for the period s duration. Please note guarantee periods may not extend beyond age 95 for any owners or annuitants. Guarantees are backed by the claims-paying ability of the issuer. Guaranteed Interest Rates Premiums earn a guaranteed rate of interest during the guarantee period. The interest rates you earn may increase if your premium falls within the higher dollar amounts. The dollar breakpoints are: Dollar breakpoints $25,000 $49,999 $50,000 $99,999 $100,000+ Withdrawal Options During the guarantee period, you may withdraw amounts up to the interest credited over the previous 12 months without a withdrawal charge or an MVA. To automatically receive these withdrawals you may use our systematic withdrawal program (SWP). SWPs can be monthly, quarterly, semi-annually or annually, subject to a minimum of $100 per payment. Alternatively, for qualified annuities such as IRAs, withdrawals needed to satisfy IRS required minimum distributions, as calculated by John Hancock, have no MVA or withdrawal charges applied. All interest withdrawals reduce interest earnings due to the interruption of compounding. Withdrawals or surrenders before the end of a guarantee period in excess of the prior 12-months interest earnings may be subject to a surrender charge and will be subject to an MVA. Guarantees are backed by the claims-paying ability of the issuer. Lifetime Retirement Income Options A distinct benefit of annuities is their ability to provide income for life. You can also customize your income stream based on multiple lives (i.e., you and your spouse), a fixed number of years, or a specific dollar amount. The amount of income you will receive is based on several factors including the value of your annuity, your age, and the type of annuity option you choose. Please note that an MVA will apply if you annuitize your contract before the expiration of an interest rate guarantee period. Withdrawal Charges The withdrawal charge is equal to a declining percentage applied to the amount of each full or partial surrender less applicable exemptions. Please see prospectus for full details. Please note your guarantee period matches your withdrawal period, (except for the 10-year guarantee period in New York) and the percentage declines as shown below. Year Initial Guarantee Period Subsequent Guarantee Period 7% 7% 6% 6% 5% 5% 4% 3% 2% 1% 5% 5% 4% 4% 3% 3% 2% 1% 0% 0% For the state of New York, the initial guaranteed period withdrawal schedule is 7%, 6%, 5%, 4%, 3%, 2%,1%, 0%, 0%, 0%, and the subsequent guaranteed period withdrawal schedule is 5%, 4%, 3%, 2%, 1%, 0%, 0%, 0%, 0%, 0%. There are no subsequent surrender charges for one- and twoyear guarantee periods. Renewal Options Within the thirty days following the end of the guarantee period, you may request one of the following without an MVA or withdrawal charge: Move the money to any available guarantee period. Begin annuity payouts. Withdraw some or all of your account value. If no election is made within the thirty days following the end of the guarantee period, your money will be automatically moved to a one-year guarantee period, or if not available, the next shortest term offered, to provide you with the time to choose what you wish to do next. Withdrawal charges related to the new guarantee period may be applicable. See the prospectus for details. Family Resource Benefits Access the scope of JH Signature s Family Resource Benefits which offers you professional health and lifestyle information as highlighted below. Seniorlink 2 A national eldercare program providing personalized information and advice on a variety of age-related care issues that you and your family can access. Advantage List This program provides competitive rates at over 10,000 nursing homes, home care agencies, and assisted living facilities across the nation. 3 Additional Benefits Nursing Home Chronic Critical Illness Waiver 4 If you or your spouse are ever confined to a nursing home, or diagnosed with a critical illness, you ll be able to take out 100% of your money with no withdrawal charges or MVA. Family Protection The death benefit is equal to the amount accumulated in the contract. 100% of your account value can be paid in a lump sum to your named beneficiary as a death benefit, without an MVA, withdrawal charges (annuitant or owner death), or the cost of delays or probate.

5 Now more than ever, it is important to partner with a company that you can trust and has the ability to meet the promises they make, both today and in the future. From our conservative product design, to our prudent investment philosophy, our approach has been protecting the financial future of our clients since Contact your financial advisor or visit for more information, including the prospectus that contains complete details on investments, as well as other information about the insurance company, which should be carefully considered. Please read the prospectus carefully prior to purchasing. The prospectus contains this and other information on the product. Typically, MVA fixed annuities do not have up-front sales loads or ongoing expenses. The insurance company s costs are built into the interest rate paid on the contract. Additionally, your contract may be subject to an early withdrawal charge (also called a contingent deferred sales charge). You should consult the prospectus for the MVA fixed annuity that you are considering for the specific early withdrawal charge schedule and the market value adjustment calculation. To invest safely in a market value adjusted annuity, you should fully evaluate the financial strength of the issuing insurance company and carefully read the annuity product disclosure. JH Signature is distributed by John Hancock Distributors LLC, member of FINRA. An annuity is a long-term contract designed for retirement purposes, such as asset accumulation and distribution, and may not be suitable for meeting short-term objectives. 1 Qualified retire ment plans (such as 401(k)s, 403(b)s, and IRAs) also provide tax-deferred growth. There is no additional tax advantage if the annuity is held inside a qualified plan. 2 Seniorlink is the current referral-service provider for John Hancock. Seniorlink is not associated with John Hancock Life Insurance Company (USA), John Hancock Life Insurance Company of New York or our affiliates. This program may be changed or discontinued at any time. 3 LifePlans is the current referral-service provider for John Hancock Life Insurance Company (USA), John Hancock Life Insurance Company of New York and its affiliates. Actual costs of care vary greatly depending on the care provider and geographic location. Savings are not guaranteed and may be discontinued by the provider at any time. 4 Owner and spouse must be less than age 80 at time of issue to receive the Nursing Home, Chronic/ Critical Illness Waiver of Withdrawal Charges. Eligibility and benefits may vary by state and certain restrictions may apply. Please consult the contract or your financial professional for further details. John Hancock Fixed Annuities are issued and administered by John Hancock Life Insurance Company (U.S.A.), Bloomfield Hills, MI (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY Products and features may not be permitted in all states. John Hancock Annuities Service Center P.O. Box 9505 Portsmouth, NH New York Contracts: P.O. Box 9506 Portsmouth, NH Policy and Rider Form Series: 09MVA, 09MVAGRP, 00NHCI, 01NHCIG, 07NHCI, 09NHCIG.