John Hancock launches Premier Profit IUL

BOSTON, Sept. 25, 2023 /CNW/ – Immediately, John Hancock introduced the launch of a brand new Premier Profit Listed Common Life particular person product within the voluntary profit employer house. This new everlasting life insurance coverage product, obtainable by way of the office, provides a streamlined digital course of for workers to obtain an immediate provide for personally owned protection. If obtainable by way of their employer, staff might select to boost their safety with non-compulsory rider protection for long-term care wants. Moreover, all insurance policies will probably be issued with John Hancock’s industry-leading Vitality PLUS** rider, which provides financial savings and rewards for the on a regular basis issues folks do to reside longer, more healthy, higher lives.

“At John Hancock, we’re dedicated to serving to extra prospects safe the monetary safety they want and to understand the various life-changing advantages of the John Hancock Vitality Program,” mentioned Neal Kerins, Vice President of Product Growth, John Hancock. “As corporations look to retain expertise in at the moment’s aggressive job market, we noticed a chance to supply an worker a really engaging possibility for his or her private safety wants.”

This new product providing is designed to assist fulfill a broad vary of employer and worker targets whereas offering worth all through the lifetime of the coverage. Options embrace:

• A totally digital utility course of from begin to end;
• Full portability as staff totally personal their coverage;
• Earnings tax-free progress potential tied to the efficiency of 1 S&P–linked listed account and a Mounted Account;
• Optionally available long-term care safety that gives supplemental protection that permits staff to speed up their coverage’s demise profit within the occasion of a long-term care want; and
• Alternative to take part in Vitality PLUS**, which mixes the monetary safety of life insurance coverage with a technology-enabled program that provides schooling, help, incentives, and rewards designed to assist prospects reside more healthy.

“On this age the place you may get something from groceries to a mortgage electronically, it is necessary we provide that stage of ease and comfort to our prospects by way of a totally digital utility course of,” continued Kerins. “We’re dedicated to creating it simpler for our prospects to acquire the standard life insurance coverage they should assist shield their households and attain their long-term monetary targets.”

Be taught extra about John Hancock at johnhancock.com/life-insurance.