Edward Jones Signs on as Distributor of John Hancock Annuities

John Hancock Annuities has announced a new distribution partnership with retail brokerage firm Edward Jones through which John Hancock annuity products are expected to become available for distribution within the Edward Jones system in early 2008.

John Hancock’s variable annuities offer the company’s Income Plus for Life optional withdrawal benefit rider, which provides lifetime income and additional rewards to clients who choose to take income later. All guarantees are backed by the claims-paying ability of John Hancock, a press release said.

John Hancock variable annuities also provide access to various investment management choices, including managers like American Funds and Franklin Templeton, as well as John Hancock’s Lifestyle Portfolios.

“We have had an existing relationship with John Hancock in the area of long-term care insurance since the late 1990’s. Their variable annuity is competitively priced and will be an attractive alternative for our clients looking for retirement savings and income,” said Merry Mosbacher, Principal, Edward Jones Insurance Marketing, in the release.

Marc Costantini, President, John Hancock Annuities, commented: “Our new alliance with Edward Jones is a natural fit, and we are excited to introduce our annuity products to Edward Jones’ advisors and customers.’