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 |
|---|
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 |
|---|
| General Information | |
|---|---|
| Website | http://www.johnhancock.com |
| Type | Insurance Company |
| Founded | 1862 |
| Ownership | Public |
| Country | USA |
| Contact Information | |
|---|---|
| Address | Portsmouth, NH 03802-9505 |
| Phone | 800-344-1029 |
| Fax | |
Information & Articles about John Hancock
|
A very good article in Forbes magazine discusses the many downsides of using group annuity contracts as a wrapper for 401k plans. This is not to be confused with 401k or defined contribution plans that offer an annuity option within their plans or an annuity option outside of the plans to participants who are retiring or leaving the company. In fact, most of the group annuity wrappers provide no ability to annuitize. The practice is especially common among 401k plans offered by smaller employers. There are tax benefits for the insurance companies providing the products, but very few benefits for the plan participants. Companies offering such products include Axa Equitable, John Hancock and Lincoln Financial. Some companies such as New York Life refuse to offer group annuity products. Very high fees and surrender charges are among the negatives that accompany this approach to offering a 401k plan. Source: Forbes |
|
Canadian insurer Manulife Financial is under investigation by the Ontario Securities Commission for failing to disclose certain obligations related to its variable annuity products. Manulife's stock price has been under pressure and the company had to draw down a $3 billon loan. Manulife, the parent of John Hancock, has reported billion dollar earnings losses in its two most recent quarters. The company is suffering from the decision not to hedge effectively within its variable annuity products and living benefit guarantees. Source: The Star |
|
Barclays and other large asset managers roll-out sophisticated defined contribution plans that have annuity options built into the plans. Employers, however, have been slow to adopt the new programs.
Source: Business Week |
- ‹‹
- 2 of 2
Key Phrases:
Key Phrases:
While efforts are made to keep information on this page accurate and updated, the information shown on this page may be variable or out of date. Always check the issuing company's website or other public data listings for the latest information applicable to you as actual information may vary.
