A new fixed immediate annuity is offering family resource benefits and an option to help customers cope with inflation.
Called JH Essential Income, the policy is issued by the fixed products unit of John Hancock Financial, Boston.
The policy’s family resource benefit provides clients with professional health and lifestyle information at no extra charge, says Hancock.
The family resource benefit includes discounts, referral services and programs to help with managing age-related care situations, says Hancock. For example, a national eldercare program provides personalized information and advice on such matters as nursing homes, assisted living, home health care, home repair services and legal services. Another helps with locating competitive rates at care facilities.