Single Premium Group Annuities
A Single Premium Group Annuity (SPGA) requires a one-time, up-front premium payment that is used to fund a guaranteed income stream to individuals for a certain period of time. Payout commences at a specified time, typically upon the retirement of plan participants. A guaranteed structure such as this is appropriate for defined benefit and defined contribution plans. Comprehensive service, including underwriting, installation and ongoing administration are just a few of the competitive advantages that John Hancock has to offer.
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SPGA Contract
| SPGA Contract Fact Sheet |
| Sample SPGA Contract |
| Sample SPGA Application |
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Getting Started
| Request for Proposal |
| Data Requirements |
| Sample SPGA Proposal |
| Acceptance Procedures |
| Sample Qualified Certificate |
| Agent / Company Appointment Application |
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Benefit Services
| For more information on benefit services provided by John Hancock, please refer to the JH Services page above. |
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Participant Forms for Benefit Services
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Contact Us
| For additional questions please refer to the Contact Annuity Team page above. |
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