John Hancock Life Insurance Company

Have you ever heard that knowledgeable consumers are hard to find? America’s consumers are used to 21^st Century technology that allows us to shop for the lowest price on just about anything in the quickest amount of time as possible.

For some products and services, this makes a lot of sense. Time is money and you’ll never get a refund on time. However, when it comes to purchasing a product as important as life insurance, maybe we should take a breath and do some due diligence before we pull the trigger on a purchase.

This article will give you important information about John Hancock Life Insurance Company and how they became one of the most well-known insurers in the U.S.

About John Hancock Life Insurance Company

Established based on America’s principles in 1862 and named for an American patriot, John Hancock Life Insurance Company has long stood for integrity and dedication.

Today, John Hancock Life continues its tradition as a well-known financial services organization by functioning as the U.S. unit of Manulife, a trusted Canadian financial services organization that serves the financial goals of millions of consumers in 22 countries and territories.

John Hancock’s primary retail insurance products for the U.S. Market focus on delivering essential financial solutions at every phase of their clients’ lives. John Hancock’s product selection consists of life insurance, annuities, mutual funds and 401(k) plans, and long-term care insurance. The company distributes its financial products principally through approved financial advisors, and also through the John Hancock Financial Network, a nationwide network of independent agencies.

John Hancock Life Insurance has consistently exhibited an innovative strategy for marketing as it launched a partnership with the Vitality Group in an undertaking to support their clients with living longer and more healthy lives.

John Hancock’s Insurance ratings and Financial Stability

Of course, there is much more to an insurance organization than a prominent brand and being acknowledged worldwide. The important thing is still the bottom line and it makes very good financial sense to perform some research to make sure the life insurance company you decide to conduct business with will outlive you.

Not surprisingly, the company ‘s promise to pay will likely have to last for decades.

Insurance and Financial Products from John Hancock Life

In the company’s efforts to accommodate a wide range of financial solutions to help clients secure their financial futures and mitigate financial risks, John Hancock Life offers a comprehensive portfolio of insurance and financial products.

Term Life Insurance

For insurance shoppers who are on a tight budget yet need a death benefit that can cover debts, a mortgage, college tuition, and even money for retirement, John Hancock’s Term Life Insurance is typically the most affordable solution.

With several policy terms to choose from like 10, 15, or 20-years and a conversion privilege included in every policy, John Hancock competes with all the low-cost term insurance providers but without skimping on the bells and whistles.

Rates are subject to underwriting and are not guaranteed. For an accurate rate for your actual age, click the Term Life Insurance button on the right side of the page. Quotes are instant and confidential and there is never an obligation to purchase.

Universal Life Insurance (UL)

If your strategy is to purchase life insurance to replace your income and want an investment component as well, John Hancock Life offers three UL products that can meet your needs at an affordable rate.

1. Universal Life Insurance (UL)
2. Indexed Universal Life Insurance (IUL)
3. Variable Universal Life Insurance (VUL)

All three of these UL products can provide permanent life insurance coverage with a guaranteed death benefit along with an investment component that allows the policyholder to accumulate wealth that can be accessed at any time for any reason.

Each UL policy types offers the following benefits not typically found in whole life or term insurance:

• Flexible premium payments and death benefit to accommodate life events
• The option to provide benefits for long-term care expenses
• The ability to access the Vitality Program that offers rewards for policyholders who take part in healthy-living programs

Final Expense Insurance from John Hancock

When you consider the vast number of baby boomers that are aging into retirement life every day, Final Expense Insurance (funeral and burial insurance) has come to be one of the most well-known segments in the insurance market.

Numerous seniors are finding out that funeral and burial costs are increasing year after year and that getting a final expense insurance policy in place will assure that the cost burden is never passed on to loved ones or close friends.

With a John Hancock Guaranteed Acceptance policy, seniors are in a position to buy critical final expense insurance even if their health is diminishing:

• There aren’t any health questions on the application and no medical exam or blood/urine tests required
• Your premium payments will never increase and your death benefit will never go down during your lifetime.
• The death benefit is paid tax-free to your designated beneficiaries
• The coverage is whole life insurance and provides the features and benefits contained in traditional whole life insurance.

John Hancock’s final expense insurance is not the low-cost leader in the marketplace, but then again Land Rover isn’t the low-cost leader in the SUV market either. The point being, price should not be the only consideration when it comes to something as important as keeping a promise for decades and John Hancock Life has consistently demonstrated that it will keep its promise to pay.

You’ll likely notice in this chart that women pay substantially less than men for John Hancock’s final expense insurance. This is simply because women generally live longer than men so the insurer will be able to collect insurance premiums longer.

We would be remiss here if we didn’t mention that guaranteed acceptance life insurance should be purchased only when you have medical issues that prevent you from buying level benefit final expense insurance.

Not only do you pay more in premium but there is a two year waiting period before the company will pay the full death benefit for deaths resulting from natural causes.