Life Insurance at a Glance

Find the features that match your needs and learn why life insurance is a smart decision at every stage of life.

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FEATURES OF POLICY

TERM LIFE
INSURANCE

PERMANENT
LIFE
INSURANCE
Death Benefit Protection
Cash Value Accumulation

Long-Term Care Coverage

Flexibility Based on Changing Needs

Lifetime Death Benefit
Healthy Living Rewards with the John Hancock Vitality Program

Speak to your financial professional for additional information, and to find out which type of life insurance is most suitable for your needs.

Frequently Asked Questions

  • Life insurance was originally designed to protect people from financial loss when the main breadwinner passed away. Sound like something you would like to do for your loved ones? Today, you can choose types of life insurance that offer death benefit protection as well as additional features, including policies that give you access to cash value that you can use for things like extra retirement income or helping to fund your children's college education.

  • Most people do. You don’t have to be a millionaire. You just have to want to financially protect your loved ones in case anything ever happens to you.

    Are you single?

    Being single can be fun, but it doesn’t always mean completely carefree. A life insurance policy can continue to provide help to any loved ones you may be supporting or settle any of your outstanding obligations, in case you’re no longer around.

    Are you married or engaged?

    How wonderful! The person you’ve chosen to spend your life with deserves life insurance protection so that he or she can continue to pay bills and other expenses, after you’re gone.

    Do you have children?

    Kids are awesome! But, raising them from the crib to college takes money. A life insurance policy can help them live the lives you dreamed of when they were born, even if you’re not there to see it.

    Do you own a house?

    Having a place to call your own is great, but until the mortgage is paid off, it isn’t truly yours. That’s where life insurance comes in, to pay down or pay off your mortgage if something happens to you, so your family can continue to call your house home.

    Do you own your own business?

    That’s a big responsibility. It means your loved ones and your employees rely on you and you don’t want to let them down. Life insurance can help your business continue to thrive after you’re gone until a succession plan is in place.

    Have you changed jobs or received a promotion?

    Way to go! Whenever you receive a significant bump in salary, you should consider bumping up your life insurance coverage, so it can replace your larger income if something happens to you.

    Are you planning for retirement?

    Congratulations! You have a brand new life ahead of you. Life insurance is a great way to protect your spouse so that the golden years remain golden for the people you love, even if you’re not there to enjoy them.

  • A general rule-of-thumb is eight to 10 times your salary, in order to give your family the funds they need to adjust to a new reality without you. Ideally, it should be enough to meet their immediate needs, like funeral costs and everyday bills, as well as future needs, like college tuition.

    I have life insurance through my employer. Isn’t that enough?

    It might be. But keep in mind that if you leave your job, your life insurance doesn’t travel with you, potentially leaving your loved ones unprotected if something were to happen to you. So even if you have group coverage, you may wish to consider purchasing additional coverage, just to ensure that you have protection in place.

    I already have life insurance. Why buy more?

    That’s easy. Life changes and your insurance protection should reflect those changes. Maybe you got married or had a baby. Maybe you bought a new house or are helping to support elderly relatives. You may need to periodically increase the amount of life insurance you carry so that your loved ones have the right amount of protection.

  • Probably not as much as you think. The amount you pay is based on your age, health, the kind of policy you choose and the amount you apply for. Term insurance is priced to be less expensive than permanent insurance and the higher a policy’s coverage amount, the more it will cost.

  • Don't worry, we know another hassle is the last thing you need. Over the years, the application process has changed for the better, but varies according to the type and amount of coverage you want to buy.

    If you’re interested in permanent insurance for a large amount of coverage, you may need to undergo a process which includes doctors’ records and lab tests. Still, not that bad.

    John Hancock offers term insurance that has experienced a revolutionary change, with a simplified application, and an eligibility decision within three to five days. No medical exam.* No hassle. Just the insurance you want at a reasonable price.

  • Simply put, life insurance is a good thing to have if you have a family to protect or a business to maintain. Because life insurance isn’t just about your death – it’s about your life too – you and the people you care about. Because you’re worth it and so are they.

 

 

* Policy issuance is not guaranteed as any life insurance purchase is subject to completion of an application, including health questions, and underwriting approval. John Hancock will obtain additional information, including but not limited to medical records, during the application review process to assist with underwriting review, as well as after policy issue to identify any misrepresentation in the application. 

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John Hancock Life and Long-term care insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York); and in New York by John Hancock Life Insurance Company of New York, Valhalla, NY 10595 (Life insurance) and John Hancock Life & Health Insurance Company, Boston, MA 02116 (Long-term care insurance). Vitality is the provider of the John Hancock Vitality Program in connection with Life insurance policies issued by John Hancock. 

Please consult your insurance agent as to product availability, additional information, costs, and complete details on coverage. Product availability, features, benefits and costs may vary by state. The life insurance policy describes coverage under the policy, exclusions and limitations, what you must do to keep your policy inforce, and what would cause your policy to be discontinued. 

Apple Watch program is not available in New York or Puerto Rico. Apple Watches ordered through John Hancock Vitality may not be shipped to addresses in Guam. Once you become a Vitality PLUS member and complete the Vitality Health Review (VHR), you can order Apple Watch by electronically signing, at checkout, a Retail Installment Agreement with the Vitality Group, for the retail price of the watch. After an initial payment of $25 plus tax, over the next two years, monthly out of pocket payments are based on the number of Standard Workouts (10,000 to 14,999 steps) and Advanced Workouts (15,000 steps) or the applicable Active Calorie thresholds. The step counts required for Standard and Advanced Workouts are reduced for members beginning at age 71+. One-time upgrade fees plus taxes apply if you choose (GPS + Cellular) versions of Apple Watch, larger watch case sizes, certain bands and case materials. For more information, please contact a John Hancock representative. Apple is not a participant in or sponsor of this promotion. Apple Watch is a registered trademark of Apple Inc. All rights reserved.

Vitality Rewards may vary based on the type of insurance policy purchased for the insured (Vitality Program Member) and the state where the insurance policy was issued. 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. 

Premium savings are in comparison to the same John Hancock policy without the Vitality program. Premium savings over the life of the policy will vary based upon policy type, the terms of the policy, and the level of participation in the John Hancock Vitality PLUS program. 

HealthyFood savings are based on qualifying purchases and may vary based on the terms of the John Hancock Vitality program. The HealthyFood program is currently not available in Guam. 

The HealthyMind (Headspace), Hotels.com and Amazon Prime benefits are not available in New York. In New York, entertainment, shopping, and travel rewards are not available and are replaced by healthy living and active lifestyle rewards. 

REI is not affiliated with the John Hancock Vitality Program. REI does not sponsor, endorse or have any responsibility for this promotion.

For Amazon.com Gift Cards, restrictions apply, see Amazon.com/GC-legal. 

Amazon Prime membership available to Vitality PLUS members who have reached Platinum Status for three consecutive program years.

You must redeem your Amazon Prime Membership Code and agree to the Amazon Prime Terms and Conditions to qualify for Amazon Prime membership. Your Amazon Prime membership automatically renews for the membership fee in effect at the time of renewal plus applicable taxes. You may cancel at any time by visiting Your Account and adjusting your membership settings. Valid credit card required at time of registration if Amann does not have one on file. Amazon Prime Membership Codes cannot be transferred or resold. For more information about Amazon Prime, visit amazon.com/prime. Amazon.com is not a sponsor of this promotion. All Amazon ®, ™ & © are IP of Amazon.com, Inc. or its affiliates.

Accessing a policy's potential cash value via loans and withdrawals will reduce the death benefit and the 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. Withdrawals in excess of the cost basis (premiums paid) will be subject to tax and certain withdrawals within the first 15 years may be subject to recapture tax. Additionally, 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. 

© 2020 John Hancock Life Insurance Company (USA).