John Hancock Introduces New IUL Product Series

BOSTON, Sept. 26, 2017 /PRNewswire/ -- John Hancock today launched a new indexed universal life (IUL) portfolio with lower premiums, improved income potential, and policy management tools designed to help policyholders achieve their financial goals. John Hancock's IUL policyholders can also earn significant savings and rewards for living healthy through the John Hancock Vitality Program, available with the IUL product series.

John Hancock's broad IUL portfolio is designed to meet a wide array of financial planning needs. The product series includes single-person as well as survivorship ("two-person") coverage, and has a simple, straightforward design that provides life insurance protection, along with the opportunity to increase cash value by linking to the performance of a diverse range of indexed account options – without risking market loss. The new product series also features:

• Greater income potential on Accumulation IUL to help consumers meet financial goals, including supplementing their retirement income or paying for college.
• Lower premiums on Protection IUL and Protection SIUL to give more consumers affordable lifelong coverage and a solution to meet their estate and legacy planning needs. In addition, policyholders now have access to international markets with the Capped Hang Seng and Plus Capped Indexed Accounts.

"As one of the fastest growing and highly competitive segments in the market, IUL provides an attractive life insurance solution for consumers at every age and life stage," said Brooks Tingle, senior vice president, Marketing and Strategy at John Hancock Insurance. "At John Hancock, we are committed to giving more Americans the financial protection and retirement solutions they depend on, while also motivating and rewarding them for living healthy through the John Hancock Vitality Program."

With the John Hancock Vitality Program, IUL policyholders have the opportunity to earn significant premium savings and valuable rewards for the everyday things they do to stay healthy like walking, eating well and getting regular check-ups. In fact, the healthier their lifestyle, the greater their rewards, including $600 in savings on healthy food purchases¹, as well as the opportunity to earn an Apple Watch² by exercising regularly.

John Hancock's IUL portfolio offers additional attractive features to help customers and advisors manage their policies. LifeTrack, John Hancock's quick, easy and dynamic billing solution is designed to ensure life insurance policies meet their intended insurance goals. The Annual Performance Summary report, available on Accumulation IUL policies, provides a snapshot of the policy's actual performance to help advisors ensure that their clients stay on track to meet their long-term goals.

About John Hancock and Manulife

John Hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were over $1 trillion (US$780 billion) as of June 30, 2017. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.

One of the largest life insurers in the United States, John Hancock supports approximately 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, college savings plans, and certain forms of business insurance. We also offer advice through Signator, a network of independent financial advisors. Additional information about John Hancock may be found at johnhancock.com.

1. HealthyFood savings are based on qualifying purchases and may vary based on the terms of the John Hancock Vitality program.

2. Apple Watch Series 2 can be ordered for an initial payment of $25 plus tax and over the next two years, monthly payments are based on the number of workouts completed. An iPhone 5 or later is required to use Apple Watch Series 2. The Retail Installment Agreement with the Vitality Group will need to be signed electronically at checkout. Apple is not a participant in or sponsor of this promotion. Apple Watch is a registered trademark of Apple Inc. All rights reserved. Please note: Apple Watch Series 2 program is not available in New York.

Hang Seng Index® is a trademark of Hang Seng Data Services Limited and has been licensed for use by John Hancock. The product is not sponsored, endorsed, sold or promoted by the licensor of the index and they make no representation regarding the advisability of purchasing the Product. You cannot invest directly in the Index.

The policy does not directly participate in any stock or equity investments.

Insurance policies and/or associated riders and features may not be available in all states. Some riders may have additional fees and expenses associated with them.

Loans and withdrawals will reduce the death benefit, cash surrender value, and may cause the policy to lapse. Lapse or surrender of a policy with a loan may cause the recognition of taxable income. Policies classified as modified endowment contracts may be subject to tax when a loan or withdrawal is made. A federal tax penalty of 10% may also apply if the loan or withdrawal is taken prior to age 59 1/2.

Vitality is the provider of the John Hancock Vitality Program in connection with the life insurance policy and Healthy Engagement Rider.

John Hancock Vitality Program rewards and discounts are only available to the person insured under the eligible life insurance policy.

Rewards and discounts are subject to change and are not guaranteed to remain the same for the life of the policy.

Insurance products are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA 02210 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.  MLINY091417096

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SOURCE John Hancock Insurance