John Hancock’s new Accumulation IUL is more competitive than ever – offering unmatched retirement income potential. And our new Select Capped Indexed Account gives more
conservative clients another strong option for growth potential, while enjoying the security of Accumulation IUL’.s downside protection.
The leader in retirement income potential: Male, 45, Preferred, $100K 5 Pay, income years 21-40
| Company | Income | Target |
| Accumulation IUL ’20 | $101,813 | $46,330 |
| Pacific Life | $92,383 | $45,106 |
| Nationwide | $90,816 | $41,899 |
| Symetra | $89,496 | $44,903 |
| Accumulation IUL ’19 | $88,539 | $44,495 |
| AIG | $80,652 | $47,874 |
| Lincoln | $68,526 | $46,721 |
| Allianz | $67,800 | $38,501 |
State approvals
Accumulation IUL ’20 has been approved in all states except: California, DC, Delaware, Florida, Guam & New York.
New business and underwriting information
| Deadline | Requirements |
| October 16, 2020 |
If seeking an informal offer – the John Hancock home office must receive an Accumulation IUL ’19 illustration signed by the insured and owner, and a tentative underwriting decision must be obtained by this date. If seeking a formal offer – the John Hancock home office must receive an Accumulation IUL ’19 application signed by the insured and owner by this date. An illustration on the case is also required. For a term conversion – the John Hancock home office must receive a term conversion application signed by the insured and owner by this date. Note: the John Hancock home office must receive an Accumulation IUL ’19 application signed by the insured and owner in addition to a fully executed New York Definition of Replacement (NB4082NY), Notification and Authorization form (NB4084NY) and Important Notice Regarding Replacement (NB4081NY) by this date. |
| November 24, 2020 |
By this date, John Hancock must have provided a final underwriting offer, received all administrative requirements to issue the policy, including at least the minimum initial premium, and received confirmation to proceed with the 1035 Exchange (if applicable). |