John Hancock is pleased to announce another update to our Term product to maintain its competitive edge! The new Term 2016 rates are effective today and are available in all states except for New York.
Premium improvements will benefit our core market:
- Males, Age 35-65
- Top 3 Risk Classes – Superpreferred, Preferred, and Standard Plus Non-Smoker
- Face amounts of $500,000 and up
You will notice modest premium increases outside of this core market, mainly for the $250,000 face amount band, Standard Plus and Standard NS risk classes, and younger insureds (under Age 35). There will be no change in smoker premiums. No changes to Term with Vitality. Please click here for more information and transition dates.