John Hancock offers several survivorship life insurance products and — as a pioneer and leader in this market — we remain committed to ensuring our customers have a variety of survivorship solutions to help meet their protection and estate-planning needs. To that end, we are making some changes to our Protection SUL offering:
- In early 2022 (pending state approvals), we will be introducing a repriced Protection SUL product (PSUL’19R).
- Protection SUL ’19 will no longer be available for sale effective January 1, 2022. As a result, all Protection SUL ‘19 policies must be issued and in force by December 31, 2021. Therefore, please note that we must receive any Protection SUL ’19 submissions by the dates noted below to ensure the policy can be placed in force (with initial premium paid) by December 31, 2021.