John Hancock’s Carrier + Product Updates!

WEBINAR 09/01/2022@3PM EST – CLICK HERE TO REGISTER!

• iPipeline E-application Flex Complete process where healthy clients aged 20-60 can get up to $3 MM of coverage (either term or perm) approved via Express or even Instant Underwriting approval.  This process on average shaves off up to 20 days from the underwriting process, even for cases that proceed through traditional underwriting.
• Recent product improvements, including:
  • Protection IUL & Protection SIUL- leaders in low-cost estate planning
  • Enhanced Target premiums available for early-funding designs on JH’s permanent life products
• Continued leadership and innovation within the following areas:
  • LTC Rider is amongst the best-priced in the industry
  • Vitality- JH is the only carrier that allows clients to earn premium savings and rewards by living a healthy lifestyle
  • Aspire Program- designed specifically to support clients living with Diabetes
  • Quit smoking incentive
  • Top Underwriting Niches
    • Diabetes
    • CAD
    • Cancer History
    • Concierge Underwriting Program for High-Net-Worth Clients.

Chronic Illness Rider Flyer

Our new Accelerated Death Benefit for Chronic Illness Rider can be elected at issue and allows your clients to accelerate their death benefit to the maximum of 75% of the death benefit or $1,000,000. Additionally, the maximum annual amount the insured can accelerate is subject to the per-diem limit. To use this rider the insured must be chronically ill, satisfying the following requirements:

• Requires assistance performing two of six activities of daily living for a 90-day period or:
• Due to cognitive impairment.

This rider can be elected on any single-life permanent policy for clients within the following parameters:

• Ages 18-85.
• Life rating up to 200% (Table D).
• Up to a $5 flat extra.

Payment may be requested once every 12 months while the insured is chronically ill, up to the maximum outlined above.

There is no up-front cost to the rider. If the rider is used, charges are to be assessed at the time of the claim and deducted from the accelerated benefit payment. Note that the death benefit will be reduced by the total accelerated benefit amount and the policy value will be reduced proportionately.

This new rider is a great “just-in-case” option to offer protection for clients who are not currently focused on long-term care planning.