John Hancock Announces New Beacon Fixed Indexed Annuity Suite
John Hancock has announced the upcoming launch of its new 'Beacon' suite of fixed indexed annuities, consisting of two distinct products: Beacon Accumulation and Beacon Income. The suite is designed to address the growing financial challenges associated with increasing longevity, specifically targeting individuals looking for asset growth linked to index performance or reliable retirement income streams. The products include living benefits for chronic, critical, and terminal illnesses, providing enhanced liquidity for health-related costs such as nursing home care. This launch is part of a broader strategic effort by John Hancock to diversify its portfolio and expand its annuity business in response to demographic shifts in the U.S. population.
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Topics: annuity launch financial planning fixed indexed annuities longevity preparedness