What is an Immediate Fixed Annuity?

Are you worried about whether or not you'll have enough income for your retirement years? Has the uncertainty of the stock market compelled you to look for another option? Consider this choice: an immediate fixed annuity.

An immediate fixed annuity is a long-term contract that converts an asset into a stream of income over a specified number of years or life, with or without a survivor benefit. In addition, an immediate fixed annuity contains a long-term interest rate guarantee.

	GUARANTEED* INCOME
	NO EXPOSURE TO STOCK MARKET
	LONGEVITY RISK MINIMIZED
	ADDED SECURITY

An immediate fixed annuity offers fixed payments for your lifetime. It offers a reliable and secure way to provide for your retirement. This is an increasingly attractive option in a time when investment returns are uncertain. Only annuities can provide guaranteed lifetime income. This lifetime guarantee cannot be duplicated with any other product.

The times dictate that retirees must consider this option for their retirement funds.

The Advantages of Immediate Fixed Annuities

A Solution To Your Income Needs

An immediate annuity offers safety of principal and several payment options, making it a perfect financial choice for many individuals. Guaranteed payments can be available for you to meet fixed future living expenses such as mortgages and utilities. And, if you'd like, the added availability of planned lump sums can be incorporated to cover the costs of cars, vacations and other major purchases.

Minimize Your Longevity Risk

If you retire at age 65, your retirement assets typically need to last for about 20 - 30 years. Why risk overspending…regular distributions from 401(k) plans may leave retirees with little or no assets during their later years. Why risk under spending…overly conservative distributions can keep you from living the lifestyle to which you are accustomed and the lifestyle you certainly deserve during your retirement years. A variety of optional forms of annuities allow you to customize your retirement income to suit your needs and your standard of living.

Avoid Market Exposure

Immediate annuities offer a safe haven from the volatile world of the stock market. Don't risk your hard earned retirement dollars to unexpected market downturns. You need dependable income. When you purchase an immediate fixed annuity, we bear the investment risk. Your income and any lump sum payments are guaranteed.*

Provide Income Protection to Your Spouse or Beneficiaries

Providing for your spouse or beneficiaries is often the foundation of your family's financial security. Life is uncertain. The Immediate Fixed Annuity allows you to choose from various options which will help provide income protection to your loved ones when you die.

Enhance Your Financial Security

An immediate fixed annuity can convert less predictable assets into guaranteed, stable and lifelong income. While income from Social Security and employer pension plans is highly predictable and lifelong, income from savings and investments such as CDs, mutual funds, stocks, bonds, individual retirement accounts (IRA) and 401(k) plans is less predictable and not guaranteed for life. Purchasing an immediate fixed annuity with some of the proceeds from these investments will convert less predictable income into highly predictable, lifelong income.

*Guarantees are based on the claims paying ability of John Hancock.