Submitted by Anonymous on
The Inflation Guard fixed annuity from John Hancock has a nice feature that offers financial flexibility in the event of a critical illness or nursing home scenario.
In either of these scenarios, the company allows the contract holder to take out all of their money.
There are no withdrawal charges or market value adjustments that would apply to the withdrawal under these conditions.
Lack of liquidity for health and long-term care issues is one of the most frequent criticisms of annuities.
Here is an annuity that addresses that criticism head-on by providing full liquidity when times are tough.
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