BOSTON--John Hancock Life Insurance Company (JHLICO) is now offering an inflation-adjusted retail note, an addition to its SignatureNotes program. The inflation-adjusted SignatureNotes will be a medium-term note offering, but have a two-part coupon.  The first part is based on the year-over-year change in the Consumer Price Index (CPI).  The second part is a fixed amount, set at the time of the offering, which is added to the year-over-year percentage change in the CPI.

As the CPI changes, the applicable coupon rate will increase or decrease; however, even in a period of severe deflation the coupon rate will never fall below zero.

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