John Hancock Annuities said it has added Venture Vision, a variable annuity that does not impose a surrender charge on withdrawals, to its product lineup.
Venture Vision became available through Hancock's distribution network in most states on Feb. 12, the company said Friday. By dropping back-end surrender charges, it said, the product gives contract holders flexibility to respond to needs or opportunities that might arise.
Hancock, a Boston insurer, is a subsidiary of Toronto-based Manulife Financial Corp., which had $355 billion of assets under management at Dec. 31.
