Fixed Annuities, Variable Annuities, and Annuity Products

By: John Hancock Life Insurance Company Of New York  09-12-2011
Keywords: Life Insurance, Insurance Company, income tax

This information was prepared to support the promotion and marketing of Venture Annuities. Neither John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company of New York, John Hancock Distributors LLC, nor any of their representatives provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state, or local tax penalties. Please consult your own independent adviser as to any tax, accounting, or legal statements made herein.

Venture Annuities are issued and administered by John Hancock Life Insurance Company (U.S.A.), Bloomfield Hills, MI, which is not licensed in New York. In New York, Venture Annuities are issued and administered by John Hancock Life Insurance Company of New York, Valhalla, NY. Venture Combination Fixed and Variable Annuities are distributed by John Hancock Distributors LLC, member FINRA.

Products and features may not be available in all states.
All guarantees are subject to the claims paying ability of the issuing insurance company.
John Hancock Fixed Annuities are issued and administered by John Hancock Life Insurance Company (U.S.A), Bloomfield Hills, MI 48304 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595
An annuity is a long term contract designed for retirement purposes such as asset accumulation, distribution and transference, and may not be suitable for meeting short-term objectives.
Withdrawals of taxable amounts are subject to ordinary income tax and if taken prior to age 59 1/2, a 10% IRS tax penalty
may apply.

Investment returns and principal values of a variable annuity will fluctuate.

Keywords: income tax, Insurance Company, Life Insurance, Life Insurance Company, Retirement Purposes, Variable Annuities,

Contact John Hancock Life Insurance Company Of New York

Email

Print this page

Other products and services from John Hancock Life Insurance Company Of New York

09-12-2011

Fixed Products - John Hancock

Annuities other than Structured Settlements are a long term contract designed for retirement purposes such as asset accumulation, distribution and transference, and may not be suitable for meeting short-term objectives. John Hancock Assignment Company is the assignee obligated to make the payments to you backed by an insurance policy issued by John Hancock Life Insurance Company and John Hancock Life Insurance Company of New York.


09-12-2011

529 College Savings Plans For Individuals & Families

In addition to 529 plans, college savings alternatives include Coverdell education savings accounts, UGMA/UTMA accounts, Series EE and Series I Savings Bonds, and taxable investment accounts. Tax-deferred growth on earnings and federal income tax-free distributions1 set 529 savings plans apart from other investment vehicles used to save for college.


09-12-2011

401(K) Plans, 401(K) Benefits - John Hancock

CFO Magazine 2008 Recordkeeper Survey data ***As of September 30, 2008****2006 LIMRA International 401Scorecard, John Hancock sold more plans in every segment <500 than any other provider in the survey. Guarantees of withdrawals provided under the “Guaranteed Income for Life Select” are supported by John Hancock USA’s general account and are contingent on the claims paying ability of John Hancock USA.


09-12-2011

Term, Universal, and Variable Life Insurance Products

Variable universal life insurance has annual fees and expenses associated with it in addition to life insurance related charges, including surrender charges and investment management fees. Guaranteed product features are dependent upon minimum premium requirements and the claims-paying ability of the life insurance company issuing the life insurance contract.