With more than 150 years of experience, and backed by strong financial ratings that are some of the highest in the industry, John Hancock has a proud history of providing financial solutions to almost 2.8 million policyholders and delivering on our promises with over $5 billion in claims paid annually.
John Hancock is a tried-and-true go-to life insurance solution for many of our agents here at New Horizons.
A few highlights of John Hancock include:
Here's a link to the John Hancock agent portal.
John Hancock offers the following life insurance types:
The Long-Term Care (LTC) rider is designed to help clients concerned with protecting themselves and their families from the high costs of long-term care.
When combined with a John Hancock permanent life insurance policy, the optional LTC rider allows policy owners to accelerate their death benefit to help pay for long-term care expenses, should that need ever arise.
Many clients recognize the importance of purchasing both life insurance and long-term care protection. If they’re looking to address both needs in a single policy, a permanent John Hancock life insurance policy with the LTC rider could be the solution. Adding the LTC rider to a permanent life insurance policy makes a portion of the policy’s face amount available monthly to help pay long-term care expenses.
When you apply for the LTC rider, you'll select an Accelerated Benefit Percentage – this is the portion of the death benefit you can use to pay for long-term care costs. That percentage can range from 1%-100%. Next, they select a Monthly Acceleration Percentage, which determines the maximum monthly amount they can use for LTC services every month. That can be 1%, 2%, or 4% of the Accelerated Benefit Pool.
Important features:
John Hancock requires that all LTC Training courses be approved by ClearCert to be accepted as valid training. Visit www.clearcert.com/search-courses. To take an approved course at a discount, visit www.JHInsuranceCE.com.
Protection UL is an innovative universal life insurance policy that protects your client’s financial future, while helping them live a longer, healthier life. It’s also one of the most flexible and affordable UL products on the market. And now that the John Hancock Vitality Program is included at no additional cost, all your clients can get rewarded for living healthy.
Protection UL is designed for individual and business clients looking for the lowest-cost permanent death benefit protection.
Important features:
Protection IUL is designed for individual and business clients looking for low-cost death benefit protection with the potential for strong returns and minimal risk. Other benefits include:
Accumulation IUL is designed for individual and business clients looking for a competitive permanent life insurance coverage with strong cash value potential. Other benefits include:
Important features:
John Hancock’s UL-G is a universal life insurance policy that offers the security of guaranteed death benefit for life or for as long as the client needs it. UL-G can ensure that your client's coverage will not lapse — even if the policy’s net surrender value falls to zero.
UL-G offers your individual and business clients the security of guaranteed death benefit protection — see how UL-G meets their needs.
Important features:
John Hancock’s Protection SUL policy is the lowest-cost survivorship policy in John Hancock's portfolio. In many cases, it’s the most affordable SUL product in the industry. It offers extremely competitive premiums in a variety of funding scenarios at all ages for the top three risk classes.
Protection SUL is designed for individual and business clients and has a wide variety of applications: it can provide income protection for families or retirees or provide for estate planning needs.
Important features:
Protection SIUL is already one of the most affordable Survivorship Indexed UL products on the market, offering the upside potential of equity-linked performance and the downside protection of a guaranteed 0% floor. And now that the John Hancock Vitality Program is included at no additional cost, all your clients can get rewarded for living healthy.
Protection SIUL is designed for individual and business clients looking for low-cost death benefit protection for two people, as well as strong cash accumulation potential. Other benefits include:
John Hancock’s SUL-G is a survivorship universal life insurance policy that offers flexible premium solves and funding patterns — making it an attractive solution for clients whose primary concern is guaranteed fixed premium death benefit protection.
SUL-G also provides a late premium payment feature that helps maintain the policy’s death benefit guarantee.
SUL-G is designed for clients who want guaranteed fixed premium death benefit protection for two lives. It is an appropriate solution in business planning and wealth transfer situations, such as the equalization of inheritances and funding the transfer of a business.
When it comes to low-cost coverage and cash value potential, Protection VUL is already one of the most competitive products on the market. Cash values from Protection VUL can be used to supplement retirement income or help fund other expenses, like a college education. And now that the John Hancock Vitality Program is included at no additional cost, all your clients can get rewarded for living healthy.
Protection VUL is designed for clients looking for death benefit protection, along with strong cash value potential. Other benefits include:
Accumulation VUL is designed to be one of the best variable universal life insurance products in the industry for retirement cash values and income potential. Policy owners can choose from a broad array of investment portfolios or opt for the simplicity of automatic diversification with our Managed Volatility Portfolios. And now that the John Hancock Vitality Program is included at no additional cost, all your clients can get rewarded for living healthy.
Accumulation VUL’s cash value potential and zero net cost loans make it a great fit for individual and business clients looking to supplement retirement income. Other benefits include:
Protection SVUL offers affordable survivorship protection along with cash value accumulation potential. The policy can be used to equalize inheritances, pay estate taxes, or provide liquidity to fund the transfer of a closely held business. And now that Vitality GO is included on every policy at no additional cost, your clients can also get rewarded for living healthy.
Protection SVUL is designed for clients looking for a guaranteed survivorship death benefit with the opportunity to accumulate cash value. It’s ideally suited for people aged 40 to 70 and offers a range of benefits, including:
When it comes to cash value accumulation potential, Accumulation SVUL is one of the best survivorship variable universal life insurance products in the industry. It can be used in business planning and wealth transfer situations, such as providing liquidity to fund an estate tax or supplement retirement income. And now that Vitality GO is included on every policy at no additional cost, your clients can also get rewarded for living healthy.
Accumulation SVUL is for clients who want to accumulate significant cash value as a source of supplemental retirement income for two lives. It can be used in business planning and wealth transfer situations, such as providing liquidity to fund an estate tax and supplemental retirement income. Other benefits include:
Protection Term provides affordable level-premium protection with the option to convert to a permanent product up to age 70. It also offers a range of great features and riders for additional flexibility. And now that the John Hancock Vitality Program is included at no additional cost, all your clients can get rewarded for living healthy.
Protection Term is designed for individual clients looking for a straight-forward, affordable, and easy-to-understand policy. Benefits include:
John Hancock Vitality Term protects your clients while also recognizing and rewarding them for living a healthy life. Our highly competitive product offers 10, 15, and 20-year durations, and a guaranteed option to convert to a permanent John Hancock policy.
If you have clients who want affordable life insurance protection today with the flexibility to convert to permanent protection in the future, Vitality Term can meet their needs.
SmartProtect Term with Vitality is a quick, easy issue term product that protects your clients, while also recognizing and rewarding them for living a healthy life. It offers competitive premiums and a streamlined underwriting decision in only two days to simplify the process for your clients and help you place more business.
With streamlined underwriting decisions in as little as two days and no medical screenings, tests or telephone interviews, SmartProtect Term with Vitality gives clients a simple solution that also rewards them for their healthy choices.
John Hancock Vitality Program, which provides:
Now, all your clients can experience the John Hancock Vitality Program and live healthier with Vitality GO. That’s because it’s included on Protection UL and all our flagship products — at no additional cost.
With Vitality GO, your clients can take advantage of rewards and discounts, including:
During the first 25 months, your clients can transfer the Vitality GO points and status level they’ve earned for living healthy and upgrade to Vitality PLUS. With Vitality PLUS, they’ll enjoy premium savings of up to 15% per year, along with even greater rewards and discounts.
Your clients can add Vitality PLUS to their policy for as little as $2.00 a month and enjoy all the benefits of the John Hancock Vitality Program, including:
John Hancock offers life insurance products in all states. For a complete list of state approvals sorted by life insurance product type, click this link (must be signed into agent portal to access).
You can also use the interactive State Map that allows you to click on your state and view all current product approvals.
Life insurance sales don't have to be overwhelming! In fact, we do everything we can to make it easy here at New Horizons.
Check out the Quick Training Guide available as part of the Life Insurance Marketing Kit:
In addition, a great place to start is our Ultimate Guide to Selling Life Insurance in the Senior Market.
