John Hancock offers two ways your clients can reduce their premiums and earn rewards for living healthy with the John Hancock Vitality Program – one product offers the benefit as an optional rider, and the other has the Vitality benefit built-in.
Highlights include:
- Competitive rates
- Opportunity for rewards and discounts with the Vitality program
- The potential to earn premium savings and rewards for small, everyday steps toward a longer, healthier life with John Hancock Vitality PLUS
Choose the term product that best meets your client’s needs
State Approvals
Protection Term is approved in all states. Vitality Term is approved in all states except New York.
New Business and Underwriting Information
| Deadline | Requirements |
| August 14, 2020 | New applications for term policies with old rates must be received by John Hancock’s home office by August 14, 2020. Applications received after August 14, 2020, will be issued with the new rates. |
| September 11, 2020 | To issue policies with old rates, all pending applications must complete the formal underwriting process and all administrative requirements must be received by John Hancock by September 11, 2020. |
Reissues
Recently issued policies can be considered for reissue with the new rates, provided the “free look” period has not expired. Make sure to indicate that you want the policy reissued with the new rates. Subject to normal underwriting practices, policies may require additional evidence to ensure health status has not changed.
lnforce cases
Term-to-term replacements are not allowed within the first policy year. Any replacement of an inforce policy (after the first policy year) would require replacement forms, be subject to full underwriting and possibly result in reduced compensation. Please note that the six-month product exchange feature is not available on our term products.