Electrify Your Sales
John Hancock’s #1 selling permanent product just got even better!
With extended guarantees and some of the lowest rates in the industry, Protection UL offers a lifetime of affordable security. And with benefits like the John Hancock Vitality Program and the Critical Illness Benefit rider, it’s no wonder Protection UL is our top selling permanent product!
The New Protection UL Offers:
- NEW Extended guarantees
- NEW Critical Illness Benefit rider
- Highly affordable premiums
- Competitive cash value potential
- John Hancock Vitality
Great Protection
No lapse guarantee, male, top 2 risk classes
Unmatched Value
Male, age 55, Super Preferred, ten-pay, $1,000,000 death benefit
|
Company |
Premium |
Difference |
| John Hancock’s Protection UL | $19,979 | – |
| North American | $23, 763 | 19% |
| Penn Mutual | $24,071 | 20% |
| American General | $24,516 | 23% |
| Nationwide | $25,238 | 26% |
| Principal | $26,505 | 33% |
| Prudential | $26,664 | 33% |
| Mutual of Omaha | $27,385 | 37% |
| Symetra | $27,643 | 38% |
| Lincoln | $30,840 | 54% |
State Approvals and Illustration System
Please refer to the state approval map for most current state approvals. JHIllustrator will be updated as states are approved.
New Business and Underwriting Information
|
Deadline |
Requirements |
| June 30, 2018 |
If seeking an Informal Offer – the John Hancock home office must receive a Protection UL ’16 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 a Protection UL ’16 application signed by the insured and owner must be obtained 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. Please Note: If the policy is to be trust owned, at a minimum the insured’s signature is required on the application by this date. |
| August 31, 2018 | John Hancock must have provided a final underwriting offer, received all administrative requirements to insure the policy, and received confirmation to proceed with the 1035 Exchange (if applicable). |
In-force Cases
Please consult John Hancock’s Internal Replacement Guidelines if you have a client considering replacing their existing John Hancock coverage.