Attorney Fees

John Hancock offers the convenience of structuring the plaintiff attorney's fees for physical injury and workers compensation cases. Fees can be structured as part of a claimant's structure or as a stand-alone payment stream. John Hancock's Attorney Fee Annuity Program offers one of the most flexible plans including lifetime benefits, with competitive annuity rates backed by a company recognized as a financial services leader.

How It Works

John Hancock will place the attorney's fee into a fixed rate of return annuity product that provides a structured payment schedule. (These guaranteed payments can begin immediately or be deferred for up to 20 years). Since John Hancock Assignment Company is the owner of the contract, the attorney is not subject to taxation on the "inside build up" and does not have to deal with exclusion ratios based on the cost of the annuity. There is no lump sum tax impact. You pay taxes on the money only in the year you receive it.* And your income may be taxed at a lower rate after retirement. Please refer to our Attorney Fee brochure for further details.

Product Highlights

John Hancock's Attorney Fee Annuity can provide:

• A stable income stream past the age of 65, with options such as a lifetime benefit and a joint survivor benefit for a spouse.
• Substantial tax-deferral advantages.
• Options to provide funds for your important expenses, such as children's college education or home or business mortgage payments. You may even help your firm prosper with guaranteed cash now and in years to come.
• The ability to schedule guaranteed payments with an annual cost-of-living increase of up to 6% to protect you and your family against inflation.
• A low-risk foundation for a diversified investment portfolio.
• A death benefit that allows your beneficiary to receive any remaining guaranteed payments should you die prematurely.