The fact that this is an inflation-protected fixed annuity makes the product...
John Hancock
John Hancock merged with the Manulife Financial Corporation in 2004. John Hancock is a large and diversified financial service company offering products in the areas of annuities, life insurance, college savings, mutual funds, 401k, fixed income products and long-term care.
| John Hancock Product Reviews |
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Product Review of John Hancock Inflation Guard
The Inflation Guard fixed annuity from John Hancock has a nice feature that... Product Review of John Hancock Inflation Guard
All of the gold bugs and end-of-days crew can rest easy knowing that there is... |
| Products Offered |
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| General Information | |
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| Website | http://www.johnhancock.com |
| Type | Insurance Company |
| Founded | 1862 |
| Ownership | Public |
| Country | USA |
| Contact Information | |
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| Address | Portsmouth, NH 03802-9505 |
| Phone | 800-344-1029 |
| Fax | |
Information & Articles about John Hancock
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John Hancock Annuities announced the release of a new fixed annuity product that provides owners with inflation protection. The “Inflation Guard” product offers principal protection through a fixed interest rate that is guaranteed through the first year of the contract. After the first year, the interest rate is floating. This floating rate is based on a rate of inflation that is derived from the year-over-year change in the Consumer Price Index-Urban or “CPI-U.” A guaranteed margin is added to this inflation-based rate. The margin is determined when the contract starts. The interest rate has a floor or minimum as well as a cap or maximum. The floor is never less than zero. Interest rates are determined on a weekly basis by John Hancock. Source: Market Watch |
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Some of the world's largest asset managers are working on development of fund offerings that include features such as income guarantees or principal protection. In contrast to standalone living benefits, the new products would actually be embedded into a mutual fund offering. Firms such as Pimco, Russell Investments and John Hancock have expressed strong interest in and are actively developing such offerings. The availability of lower cost insurance features and regulatory complexities are major obstacles at the moment. Counterparty or credit risk is also a concern among advisors who would distribute the products. Source: Investment News
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Variable annuity sales in the United States continue to decline in the wake of the financial crisis and capital market turmoil. First quarter sales of variable annuities totaled $30.4 billion. This represents a 26% decrease from the same period a year ago. Total variable annuity sales for 2008 totaled $154.8 billion, a drop of 15.1% from 2007. The top 5 variable annuity companies in terms of revenue were lead by MetLife:
Source: Trading Markets
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