Annuity

An annuity is a financial product issued by an insurance company and is generally used in retirement planning. There are two common types of annuity products: fixed and variable.

A fixed annuity offers guaranteed income

A fixed annuity is an appropriate financial option if you need a guaranteed income at retirement. It helps minimize tax liability and allows your money to grow on a tax-deferred basis. When you retire, a fixed annuity ensures that you'll have a guaranteed income stream for you and your loved ones, in specified amounts, for a specified period or for life. It offers predictable growth and stable performance with none of the volatility of the stock market. A fixed annuity can also be a way to preserve a rollover from an employer-sponsored retirement plan and lock in a guaranteed interest rate. The guarantees are backed by the claims paying ability of the issuer.

A variable annuity¹ offers flexibility

A variable annuity is part investment product with growth potential; part inflation safeguard with tax-deferral; and part insurance contract with certain income, death benefit and wealth protection guarantees. With a variable annuity, your insurance company agrees to make periodic payments to you, either immediately or at some future date. The climbing rate of life expectancy is a good reason to buy a variable annuity. Retirement today may last 30 years or more - a deferred variable annuity provides the option to receive guaranteed payments for life, even if you live beyond 100! In general, variable annuities are subject to investment risk, including the possible loss of principal. The guarantees are backed by the claims paying ability of the issuer. 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.

John Hancock provides quality, innovative and flexible annuity products

For many decades, John Hancock has provided high quality annuity products. This track record, combined with our investment knowledge and experience, helps, ensure that your annuity can help deliver a predictable and appropriate source of income. John Hancock delivers great flexibility in annuity products as well: you choose which type of annuity, how to fund your annuity, the length of time you earn guaranteed interest (if fixed annuity), when to withdraw funds, and the amount of your withdrawals. And with John Hancock's history of stability and financial strength, you have the assurance that the income from your annuity products will be available for you when you need it.

Contact your financial consultant or visit www.johnhancockannuities.com for more information, including a prospectus that contains 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 prospectus carefully prior to investing. The prospectus contains this and other information on the product and the underlying portfolios.

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 free withdrawal amount during the surrender charge period.

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 NASD.

Annuities are not deposits or obligations of, or guaranteed by, any bank or financial institution. Annuities are not insured by the FDIC or any other agency and are subject to investment risks, including the possible loss of principal.

¹A fund's investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. Please read the prospectus carefully before investing or sending money. For a prospectus and more information please click here www.jhancock.com.