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2007 News Releases

For Immediate Release

February 16, 2007

John Hancock Launches Venture Vision® No–Load Variable Annuity

Boston– John Hancock Annuities has announced the addition of the Venture Vision® variable annuity to its product lineup. Venture Vision®, which unlike many deferred annuities does not impose a surrender charge on withdrawals, became available through John Hancock’s distribution network in most states effective Monday, February 12.

"Venture Vision's structure, commonly referred to as ‘C-Share’ or ‘No Load,’ will broaden the appeal of our products to those customers who want the benefits of a variable annuity, but prefer to retain the flexibility of the no back-end sales charge design," said Hugh McHaffie, President of John Hancock’s Wealth Management Group.

"The addition of a ‘C-share’ offering is an important step in expanding our distribution capability. Our variable annuity lineup including Venture, Venture III, Venture Vantage and Venture Vision now features a competitive product in every major design segment offered by our broker/dealer partners,” said Bob Cassato, Executive Vice President of Distribution, John Hancock Financial Services. “This complete product line makes John Hancock an even more valuable partner within our distribution network, and provides opportunities for us to increase our sales and market share.”

By eliminating back-end surrender charges, Venture Vision gives contract holders more flexibility to respond to needs or opportunities that might arise should their circumstances change.

Venture Vision, like other John Hancock variable annuities, will offer the popular Principal Plus For Life (PPFL) withdrawal benefit option. Optional benefits can only be elected at issue and are irrevocable. Additional fees, restrictions and limitations apply. See the prospectus for full details.

McHaffie noted, “As the highest S&P rated company offering variable annuities with lifetime withdrawal benefits,*John Hancock is ideally positioned to benefit from the increasing emphasis that individuals are placing on securing guaranteed lifetime income in retirement.”

About John Hancock and Manulife Financial
John Hancock is a wholly-owned subsidiary of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$414 billion (US$355 billion) as at December 31, 2006.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, mutual funds, 401(k) plans, long-term care insurance, college savings and other forms of business insurance.

Contractual guarantees are backed by the claims-paying ability of the issuer.

Contact your financial consultant or visit www.jhannuities.com for more information, including product and fund prospectuses that contain 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 prospectuses carefully prior to investing. The prospectuses contain this and other information on the product and the underlying portfolios.

*Source: Standard & Poor’s; VARDS, December, 2006

Venture Annuities and the optional riders are not available in all states; product features may vary, subject to state regulation. 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, excluding Venture Vision. 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. Past performance is no guarantee of future results. 

Venture 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. 
 

Not FDIC Insured Not Bank Guaranteed May Lose Value Not a Deposit Not Insured by Any Government Agency

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Contact:
Beth McGoldrick
617-663-4751
bmcgoldrick@jhancock.com