John Hancock Responds to Strong Market Demand with New Variable Protection Life Insurance Product


Competitive 100-year warranty and compelling living benefits provide a mix of security and opportunity

  • Low-cost, pay-level scenarios
  • No investment restrictions to maintain the 100 year guarantee (and a full range of investment choices)
  • Attractive living benefit options

BOSTON, Mass., April 5, 2021 / PRNewswire / – Today, John hancock, the American division of TorontoManulife (NYSE: MFC), announced that a new variable protection universal life insurance product, Protection UL, is now available for sale through all approved distribution partners. With a 100-year death benefit guarantee, a full suite of investment options and attractive living benefits, ULV Protection can help clients achieve their long-term goals for financial security and growth. When LUV Protection clients pair their policy with the innovative John Hancock Vitality program, they also have access to tools, resources, incentives and rewards to help them live longer and healthier lives.

The new comprehensive LCV Protection that of John Hancock protection product portfolio. While UL and IUL Protection products offer consumers an attractive combination of strong warranties, competitive premiums and the potential for cash value growth, UL Protection now stands out for those seeking warranties and value for the market. even stronger consumer, giving it traction over market leaders.

“Our ‘Protection’ portfolio reflects our mission to provide long-term value through a variety of options that help clients achieve their specific goals,” said Neal kerins, Vice President, Product Development, John Hancock Insurance. “By providing access to the stock market and a competitive warranty up to the age of 100, Protection LUV offers a blend of security and opportunity that we believe will appeal to many consumers today.”

With optional long-term care or critical illness riders, ULV Protection also offers comprehensive living benefit coverage for additional financial protection against the unexpected. Consumers can earn additional savings and rewards for their daily healthy activities with the John Hancock Vitality Program, including the opportunity to save up to 25% on their premiums.1

“There has never been a more important time for clients to take control of their financial and physical health,” added Mr. Kerins. “The new LCV Protection with that of John Hancock The engaging Vitality program gives customers that exact opportunity. We expect thousands of ULV Protection customers to take advantage of Vitality for significant premium savings and other rewards for their daily healthy activities like regular exercise and restful sleep. “

UL Protection is an effective option for insurance clients aged 35 and over who are looking for a balance of guaranteed, cost-effective death benefit protection with the potential for stock market growth. In addition to its living benefit riders, it also offers LifeTrack billing, which gives clients and agents a quick and easy way to ensure their policy stays on track to meet their expected insurance goals.

1. Premium savings are compared to the same John Hancock life insurance policy without Vitality PLUS. The level of premium savings is cumulative over the life of the policy and will vary depending on purchase status, issue age, policy type, policy conditions and Vitality status achieved. Premium savings are only available with Vitality PLUS.

On John hancock and Manulife
John hancock is a unit of Manulife Financial Corporation, a leading international financial services group that helps people make decisions easier and live better lives. We mainly operate as John hancock in United States, and Manulife around the world, including Canada, Asia and Europe. We offer financial advice, insurance and wealth management solutions for individuals, groups and institutions. The assets managed and administered by Manulife and its subsidiaries have been 1.3 trillion Canadian dollars (US $ 1.0 trillion) from the December 31, 2020. Manulife Financial Corporation trades as MFC on the TSX, NYSE and PSE, and as 945 on SEHK. You can find Manulife at
One of the largest life insurers in United States, John hancock supports more than 10 million Americans with a wide range of financial products, including life insurance, annuities, investments, 401 (k) plans, and education savings plans. Additional information on John hancock can be found at

Other important information
Variable universal life insurance has annual fees and expenses associated with it in addition to the costs of life insurance (which differ depending on the product chosen), including surrender fees and investment management fees. . Universal life insurance products with variable insurance are long-term contracts and are sold by prospectus. They are subject to market risk due to the underlying sub-accounts and are not suitable as a short-term savings vehicle. The main purpose of variable universal life insurance is to provide lifetime protection against economic loss due to the death of the insured person. Cash values ​​are not guaranteed if the client is invested in investment accounts. There are risks associated with each investment option and the policy can lose value.
Please call 1-800-827-4546 for product and fund prospectuses (for new York, dial 1-877-391-3748, option 4). The prospectuses contain full details of the investment objectives, risks, charges, charges and expenses as well as other information about the investment company. Please read the prospectuses containing this and other information about the product and the underlying portfolios carefully and carefully consider these factors before investing.

Insurance policies and / or related endorsements and features may not be available in all states. LCV protection is not available in new York.

Some runners may have additional fees and expenses associated with them. Refer to the product brochure for more information.

The characteristics of the guaranteed product depend on the minimum premium requirements and the claims settlement capacity of the issuer. ULV protection policies automatically include a no-lapse guarantee called death protection. This feature ensures that the policy will not default, even if the cash value drops to zero or below, provided the death benefit protection value remains above zero and the policy debt never exceeds. the value of the policy. The guarantee without lapse under the death protection has a maximum term up to the age of 12 years. The duration of guarantee coverage without forfeiture may be shorter, depending on the level of financing chosen by the policyholder. The NLG duration is indicated in the contract and reflected in the Guaranteed net death benefit column in the illustration. At the end of the NLG term, premiums greater than those originally shown may be required to maintain coverage. Factors such as, but not limited to, the amount and timing of premium payments, loans, withdrawals or other changes permitted under the contract could potentially terminate the Non-Lapse Guarantee. Once terminated, the death benefit protection function cannot be reinstated

Vitality is the provider of the John Hancock Vitality Program under the policies issued by John Hancock. John Hancock Vitality program rewards and discounts are only available to the person insured under the qualifying life insurance policy, are subject to change and are not guaranteed to remain the same for the duration of the policy. .

Insurance products are issued by: John Hancock Life Insurance Company (USA), Boston, MA 02210 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595, and securities are offered by John Hancock Distributors LLC through other brokers / dealers having a sales agreement with John Hancock Distributors LLC, 197 Clarendon Street, Boston, MA 02117.


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