Grow your retirement income

Planning for retirement has become the number one financial concern for most individuals. You may put money aside in 401(k)s and IRAs, but still worry that you do not have enough savings opportunities to meet your long-term goals. What other options are available to both help protect your family and supplement your retirement income? Life insurance may be the answer.

Many permanent life insurance policies can be designed to provide both death benefit protection for your lifetime and the potential for cash value accumulation. Cash value is built over time through a combination of premium payments and interest - and grows on a tax-deferred basis. The cash value can be partially withdrawn or borrowed to help provide an additional source of retirement income.

Find out more about how life insurance can help you plan for a well-deserved retirement. Talk to a financial professional today!

Loans and withdrawals will reduce the death benefit and the cash surrender value, and may cause the policy to lapse. Lapse or surrender of a policy with a loan may cause the recognition of taxable income. Withdrawals in excess of the cost basis (premiums paid) will be subject to tax and certain withdrawals within the first 15 years may be subject to recapture tax. Additionally, policies classified as modified endowment contracts may be subject to tax when a loan or withdrawal is made. A federal tax penalty of 10% may also apply if the loan or withdrawal is taken prior to age 59 1/2.

How much life insurance
do you need?

How much money will your family need to meet the financial requirements in the event that you (or your spouse) are no longer able to provide for them?

Calculate now


Insurance policies and/or associated riders and features may not be available in all states. Insurance products are issued by John Hancock Life Insurance Company (U.S.A),197 Clarendon Street, Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, 100 Summit Lake Drive, 2nd floor, Valhalla, NY 10595.