New term life insurance portfolio from John Hancock features significantly lower premiums to appeal to a broader range of consumers

By a News Reporter-Staff News Editor at Insurance Weekly News -- - John Hancock announced a new term life insurance portfolio featuring significantly lower premiums for consumers and new features and benefits, including an Unemployment Protection rider. The new John Hancock Term and John Hancock Term with Vitality policies are now even more affordable for a greater number of families who are looking to protect their financial futures.

In addition to highly competitive rates, these Term products now include an Unemployment Protection rider,1 which waives life insurance premiums for up to 12 months, should the insured become unemployed. John Hancock Term and John Hancock Term with Vitality also offer guaranteed protection for 10-, 15- or 20-year durations. Plus, policyholders can also take advantage of a conversion option that gives them more flexibility to convert to a John Hancock permanent policy, should their needs change.

According to an industry survey, 80 percent of consumers who believe they need life insurance haven't purchased it because they think it's too expensive,2" said Mike Doughty, President, John Hancock Insurance. "With one of the fastest growing Term Life portfolios in the industry, we seek to change this perception by making life insurance even more affordable for a greater number of consumers to take that important step toward protecting their future."

John Hancock Term with Vitality policyholders have the opportunity to further reduce their premiums, up to 10 percent,3 and earn valuable rewards for the everyday things they do to stay healthy like walking, eating well and going to the doctor. In fact, the healthier their lifestyle, the greater their premium savings and rewards, including $600 in savings on healthy food purchases,4 as well as the opportunity to earn an Apple Watch Series 2 by exercising regularly.5 John Hancock is also giving every new policyholder a complimentary Fitbit® to help them get started.

In addition to term life insurance, John Hancock offers a broad suite of diverse permanent insurance products with Vitality including universal life insurance, indexed universal life insurance and variable universal life.

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