Hancock Introduces Fixed Annuity with LTC Benefits.(Brief Article)(Product Announcement)

John Hancock Financial Services has launched GPA Care, a fixed annuity with long-term-care benefits, which will be sold through banks. It is one of few fixed annuities to include these benefits as well as elder-care referral services and provider discounts, Hancock said.

The LTC benefit costs 0.45% of the annuity value annually, and it pays a …