John Hancock Financial has launched the JH Signature modified guaranteed fixed annuity.

Customers can choose a 3-year, 5-year, 7-year or 10-year guarantee period along with a matching withdrawal charge schedule, according to Hancock, Boston, a unit of Manulife Financial Corp., Toronto.

The minimum premium is $25,000. Customers who can invest $50,000 will get a higher rate, and those who invest $100,000 will get the highest rate, Hancock says.

Clients can take withdrawals during the guarantee period. Withdrawals greater than the interest credited over the previous 12 months would be subject to a withdrawal charge and a market value adjustment.

The annuity comes with a Family Resource Benefits package, which includes elder care program discounts, referral services and advisory services.

The annuities are issued and administered by John Hancock Life Insurance Company (U.S.A.), Bloomfield Hills, Mich., in most of the country and in New York by John Hancock Life Insurance Company of New York, Valhalla, N.Y. The issuing company is responsible for backing the product guarantees.