John Hancock Financial Network Enhances Award-Winning Retirement
Ready Program That Helps Maximize Retirement Income Sustainability
BOSTON, Dec. 12, 2012 /PRNewswire/ -- John Hancock
Financial Network (JHFN) has added tools to enhance
Retirement Ready*, its award-winning turnkey
retirement income program that helps financial professionals
discuss the topic and work with clients on a strategy to help
maximize their sustainable retirement income while minimizing some
of their risks.
New to the program -- which was launched last fall with a
product allocation analysis tool, sales materials, and a dedicated
support team -- are tools for an in-depth discussion and evaluation
of legacy planning options, as well as enhanced client specific
investment growth rate flexibility and additional product
comparison tools.
At the heart of the Retirement Ready program is a product
allocation tool called the RSQ Analyzer. It leverages a unique
methodology developed by Moshe
Milevsky and the QWeMA Group to determine each client's
product allocation and provide a Retirement Sustainability Quotient
(RSQ) reflecting the relative likelihood that their portfolio will
generate the income they desire for the rest of their lives.
"Overall we've had tremendous success with adoption of this
program, and the enhancements will only make it more useful," said
Bruce Harrington, vice president of
Sales and Business Development, JHFN. "We've heard numerous
anecdotes about how much the Retirement Ready program has helped
JHFN representatives talk about retirement risks and planning in
language clients understand, and how much our product allocation
model helps give clients confidence."
Now, while considering their retirement income strategy with
Retirement Ready, clients will have materials and worksheets to
help evaluate legacy planning and develop a strategy for leaving a
legacy using life insurance if it is something they wish to do. The
enhanced program can help clients determine what size legacy they
may be able to leave and the impact it would have on their
retirement income sustainability. The program provides easy-to-read
bar charts that are easily adjusted to show different
scenarios.
Moshe A. Milevsky, president and
CEO, QWeMA, said, "QWeMA is delighted to be partnering with JHFN
and supporting both retirement income and legacy solutions with the
enhanced Retirement Ready program."
In addition, the current enhancements include:
- Added flexibility enabling financial professionals to change
the investment growth rate assumptions to more closely match their
clients' investment profile, and the ability to reflect the
inflation rate impact more precisely with half a percentage
increments
- Two new product comparison tools to enable the financial
professional to identify the most relevant life insurance product
solution that would best fit the clients' need
"We feel that the Retirement Ready program is important because
it helps financial professionals assist their clients to maximize
sustainable retirement income and minimize risk, but on a higher
level, it also is a valuable resource for advisors that can help
them stand out in the retirement income planning area, and can
really play a role in building their business," said Greg Melton, director, Retirement Income,
JHFN.
The Retirement Ready site, developed for John Hancock Financial
Network by digital marketing firm Blue Rush, won Best Financial
Services Interactive Application in the Web Marketing Association's
2012 Interactive Advertising Competition.
IMPORTANT: The projections or other information generated by
Retirement Ready and the RSQ Analyzer regarding the likelihood of
various investment outcomes are hypothetical in nature, do not
reflect actual investment results, and are not guarantees of future
results.
Results will vary with each use and over time.
In most circumstances, Retirement Ready favors products which
offer guaranteed income streams such as variable annuities with
guarantees income riders and single premium immediate annuities due
to the lifetime income features associated with these types of
products.
About John Hancock Financial Network
John Hancock
Financial Network is a national network of independent firms with
approximately 1,900 advisors across the U.S. A leader with the
stability and scale to offer an innovative business model, John
Hancock Financial Network gives entrepreneurial advisors the power
to effectively build unique businesses, based on their own vision
and market opportunity. For more information on John Hancock
Financial Network and its national network of independent firms,
visit https://www.johnhancockfinancialnetwork.com.
Securities offered through Signator Investors, Inc., member
FINRA, SIPC. 197 Clarendon Street, Boston, MA 02116.
Moshe Milevsky and The QWeMA
Group are independent of John
Hancock and Signator Investors, Inc.
Learn more
about JHFN at:
www.johnhancockfinancialnetwork.com
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*patent pending
SOURCE John Hancock Financial Network