Why stay with GIFL?
Downside protection
When you roll over to the GIFL Rollover Variable Annuity IRA, the market value of your investments and the current Benefit Base from the Guaranteed Income for Life option within your 401(k) plan with John Hancock are preserved dollar-for-dollar. And the Benefit Base cannot decrease due to market volatility. You'll continue to have this protection from declining markets.
Upside potential
You'll continue to be eligible for annual step-ups when your market value exceeds the Benefit Base on your contract anniversary date. You'll also be able to make additional purchase payments to increase your Benefit Base, an option that isn’t available if you choose to leave your GIFL account with your former employer. Plus, you’ll still have the investment choices you’ve come to know.
For more information see our FAQ.
Income for life
When you become eligible and decide it's time to begin taking income, you will receive 5% of your Benefit Base, at that point in time, each year for the rest of your life (4.5% for the life of both you and your spouse, if you so choose).
Other Resources
What are my options?
Determine which approach best matches your needs when leaving your job or retiring.
Why John Hancock?
John Hancock has been helping people build and protect wealth since 1878. Watch the video.
between 8:30 a.m. and 7:00 p.m. Eastern time.
Contact us online »
General rollover questions (no account-specific information, please)