John Hancock - GPA Plus Annuity w/ LTC Benefits

The GPA plus contract offers long term care benefits for clients who do not qualify for Long Term Care Insurance. John Hancock (A.M. Best A++) Guaranteed Principal Annuity Plus (GPA Plus) with the CareSolutions long-term care rider. This six-year surrender charge annuity pays the client a monthly benefit equal to 1% of their initial premium to cover LTC needs. This benefit does not reduce the accumulated value and is available after 6 years of contract issue. This benefit also compounds annually at 3% from the date of issue. For example, at the end of 6 years and after satisfying the 100-day elimination period a client with an initial single premium of $200k qualifies to receive monthly LTC benefit of $2388 (that's $2,000 compounded at 3% annually for 6 years). Commissions start at 4.0%.

Contact the CPS Annuity Marketing team for more information on this and any of our other annuity contacts.

Kristopher T. Smith - President & CEO
Phone - (630) 428-7640

Care Solutions Plus Specimen Rider	46 K
GPA Plus Annuity Client Brochure	409 K
GPA Plus Facts at a Glance (Not for Client Use)	81 K
GPA Plus Sample Illust	26 K
GPA Plus Senior Link Client Brochure	81 K

 

 

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