Hancock Financial launches simplified variable annuity
June 2nd, 2009
John Hancock Financial Services today released a variable annuity called the John Hancock AnnuityNote.
The product is a simplified A-share variable annuity with just one underlying diversified portfolio: a lifetime income benefit and a total annual fee of 1.74%, the Boston-based firm said in a statement.
Of the fee, 1.20% covers the cost of the guarantee and [...]
