John Hancock Launches New Fixed Indexed Annuity Suite Supporting Longer Lifespans and Evolving Planning Needs

John Hancock, a unit of Manulife Financial (MFC), announced the upcoming launch of Beacon Accumulation and Beacon Income fixed indexed annuities.

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John Hancock, a unit of Manulife Financial (MFC), announced the upcoming launch of Beacon Accumulation and Beacon Income fixed indexed annuities. These are long-term insurance contracts with growth potential linked to an index rather than direct stock-market investment. Beacon Accumulation is designed for asset growth, while Beacon Income focuses on retirement income.

The suite will soon be available through distribution partners. Products and features may be subject to state approval and distributor availability; the annuities are not available in New York. Tony Teta will lead the annuity business, and Tad Fifer is leading annuity sales and distribution.

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The upcoming Beacon annuities also include living benefits for chronic, critical or terminal illness that may provide enhanced liquidity, including support for nursing-home care; actual benefits are subject to contract terms.

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 Beacon Annuities Announced as Part of Longstanding Commitment to Helping Customers Live Longer, Healthier, Better Lives

BOSTON, Nov. 10, 2026 /PRNewswire/ -- Building on more than 164 years of experience helping Americans prepare for more financially secure futures, John Hancock today announced the upcoming launch of two fixed indexed annuities — Beacon Accumulation and Beacon Income. In addition to John Hancock's industry-leading portfolio of life insurance solutions, the Beacon suite of annuities offers financial professionals new choices as they work with clients to create personalized, long-term financial plans that can help them prepare for longer, healthier, better lives.

The U.S. population over age 60 is expected to double by 2050, with those aged 85 and older representing the fastest-growing segment.¹ The financial implications of longer lives on financial planning is becoming increasingly evident. Research from John Hancock's Longevity Preparedness Index,² developed in collaboration with the MIT AgeLab, indicates that most Americans are unprepared for certain financial and lifestyle challenges associated with longer lifespans.

"As the realities of aging continue to evolve, customers need more robust, fulsome solutions that can support both longer lives and increasingly complex financial and other needs that come with those added years," said Brooks Tingle, President and CEO of John Hancock. "The launch of our new fixed indexed annuities reflects our continued focus on expanding and diversifying our portfolio of offerings and reinforces our commitment to long‑term growth, strong distribution partnerships, and helping individuals prepare for the futures they want with greater confidence."

John Hancock's new Beacon annuities suite can be used to meet a variety of financial goals. Beacon Accumulation is designed for individuals seeking to build and grow their assets over time, providing upside growth potential linked to index performance, along with market loss protection.³ Beacon Income is designed for those who prioritize generating reliable income in retirement.⁴ Both products are designed to help customers protect their financial security and address unexpected health-related or financial needs. They also offer living benefits for chronic, critical, and terminal illnesses, which may provide enhanced liquidity and greater financial flexibility, including support for nursing home care.

John Hancock's annuity customers will also have access to leading educational content currently offered to life insurance customers, including the Longevity Preparedness Index, developed in collaboration with the MIT AgeLab, and LiveMore ⁵, the company's exclusive science-backed publication, which features health insights, wellness strategies and more to help customers live longer, healthier, better lives.

Tony Teta will lead John Hancock's Annuity business. Teta most recently served as Head of Inforce Management overseeing all aspects of the company's inforce long-term care and annuities businesses, as well as select lines of life insurance. Throughout his tenure at John Hancock, he has held a range of senior leadership roles across finance, product, operations, and IT, gaining deep institutional knowledge and experience.

Tad Fifer, who joins John Hancock from AmeriLife, is leading Annuity Sales and Distribution. Fifer brings extensive experience building high-performing sales organizations, including more than 18 years at Lincoln Financial Group. Since joining John Hancock earlier this year, he has been building a comprehensive sales and distribution strategy to support the launch and growth of the company's annuity business across key market segments.

"These new solutions reflect today's reality: individuals are living longer and facing new challenges and opportunities," said Tony Teta, Head of Annuities at John Hancock. "These products can offer more choice and provide a strong foundation for both asset accumulation and retirement income, helping support long‑term financial security as needs evolve. I'm proud to lead the team in bringing these solutions to the millions of Americans who may benefit from them."

The Beacon Annuity suite will soon be available through John Hancock's distribution partners.

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1 U.S. Census Bureau, 2023 National Population Projections Tables: Main Series.

2 Longevity Preparedness Index Methodology: Data for the Longevity Preparedness Index were collected by NORC at the University of Chicago from their AmeriSpeak Panel, a probability-based panel designed to be representative of the US household population. Surveys were conducted online and by phone in English between May 14 and June 5, 2025; median survey completion time was approximately 25 minutes. The final sample was comprised of 1,307 Americans, aged 18 and up, with oversamples of Non-Hispanic Black panelists, Hispanic panelists, and Non-Hispanic Asian American and Pacific Islander panelists to ensure adequate sample size for sub-group analysis. During analysis, survey responses were weighted to represent the US population. LPI scores can range from 0 (not at all prepared for longevity) to 100 (completely prepared for longevity). The overall LPI is composed of 8 domains. Each domain captures positive behaviors toward longevity preparedness and awareness of the importance of a domain. Domain scores are each calculated independently and can range from 0 to 100. All eight domain scores are averaged to calculate an overall LPI score. The Longevity Preparedness Index was developed in collaboration with MIT Age Lab and funded by John Hancock. John Hancock provided financial support for the research but did not influence the findings, methodology, or conclusions. John Hancock is not affiliated with the Massachusetts Institute of Technology (MIT) AgeLab, and neither is responsible for the liabilities of the other.

3 Subject to contract terms, caps, and limitations.

4 May include optional guaranteed lifetime withdrawal benefits, if elected, subject to rider terms. Eligible riders may provide enhanced income benefits when qualifying conditions are met.

5 John Hancock's LiveMore provides articles on health, nutrition and fitness so that you can be more knowledgeable, attuned and inspired toward your good health. This general information is no substitute for your good judgment or any evaluation, diagnosis or treatment by your health care practitioner.

About John Hancock and Manulife

John Hancock is a unit of Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.  

One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities. John Hancock also supports US investors by bringing investment capabilities and retirement planning and administration expertise to individuals and institutions. Additional information about John Hancock may be found at johnhancock.com.

Products and features may be subject to state approval and distributor availability. Not available in New York.

The annuity contract describes the contract benefits, limitations, exclusions, charges, surrender charge schedule, and the conditions that apply to the contract. Please contact your licensed agent or John Hancock for additional information, costs, and complete contract details to help determine whether this annuity is appropriate for your financial objectives and needs. Product availability, features, and benefits may vary by state.

A fixed indexed annuity is designed for retirement or other long-term financial needs and may be appropriate for individuals with sufficient liquid assets to cover living expenses and unexpected emergencies. Fixed indexed annuities are not securities or stock market investments and do not directly participate in equity markets. If purchased within a tax-qualified plan (such as an IRA), the annuity provides no additional tax-deferral benefit, so it should be considered based on its other features, such as lifetime income options and death benefit protection.

Index performance may not include dividends and does not represent the total return of the underlying assets. It is not possible to invest directly in an index.

Indexed interest is generally credited at the end of the crediting term; amounts withdrawn before the end of a term may not receive indexed interest. Crediting rates, caps, spreads, and participation rates are declared by the issuing company and may change over time, subject to any applicable guarantees.

Guaranteed product features are dependent upon minimum premium requirements and are subject to the claims-paying ability of the issuing insurance company. Guarantees are not backed by any bank or the FDIC and are not insured by any government agency. All guarantees and crediting are based on the financial strength and claims-paying ability of the issuer.

Withdrawals and surrenders will reduce the contract value, death benefit, and any optional guaranteed benefits, and may reduce those values by more than the amount withdrawn. Withdrawals may be subject to federal and state income taxes, and a 10% federal tax penalty may apply if taken prior to age 59½. During the surrender charge period, withdrawals in excess of any available free withdrawal amount may be subject to surrender charges and a Market Value Adjustment (MVA), which may increase or decrease the amount received and could result in a loss of principal. Withdrawals are not credited with index interest for the year in which they are taken. Free withdrawals (if available), required minimum distributions, death benefits, annuitization, and withdrawals taken after the surrender charge period generally are not subject to surrender charges or MVA.

This material is provided for informational and educational purposes only and is intended to describe general product features and concepts. It does not constitute tax, legal, or investment advice and should not be relied upon as a recommendation for any individual situation.

The issuing insurance company and its representatives are not acting in a fiduciary or advisory capacity and may receive compensation from the sale of products. You should consult your financial and other independent professionals regarding your specific circumstances.

Annuities are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116.

Not a deposit. Not FDIC insured. Not insured by any federal government agency. Not guaranteed by any bank or its affiliates. Subject to investment risk and may lose value.

Media Contact
news@jhancock.com

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