John Hancock

It's More Than Just Life Insurance

Permanent life insurance can help you meet all your financial goals, no matter what life brings.

Life insurance that grows with you

Change is one of the few constants in life, which means it's important to have a life insurance policy that can grow with you. Through unique benefits like customized premium payment options, tax-deferred cash accumulation and a lifetime death benefit, permanent insurance can help you plan for the unexpected and protect your family from financial hardship at every stage of life. Consider a permanent policy if you're interested in:

  • Providing additional income for your family
  • Growing your retirement income
  • Preserving your legacy for the next generation
  • Safeguarding your business

Learn more about the different types of permanent life insurance:

  • With a universal life insurance policy, you have the flexibility to customize the timing and amount of your premium payment, while still enjoying all the traditional benefits of permanent life insurance, like lifetime protection and cash value accumulation potential. Universal life gives you the ability to meet your needs now and in the future. Key benefits of universal life include:

    - Amount and frequency of premium payments can be adjusted within certain limits.

    - Policy account value grows based on a credited interest rate (which can change).

    - Money is accessible from the policy via withdrawals and loans.

    - Options that provide protection tailored to meet your needs.

  • Indexed universal life offers you the same great features as traditional universal life, like premium payment flexibility and a lifetime death benefit, but with the additional opportunity to earn interest based on the performance of a linked indexed account. Indexed universal life policies typically provide more cash value accumulation potential than other universal life products and offer protection against market risk for your policy's cash value. Key benefits of indexed universal life include:

    - Policy does not directly participate in any stock or equity investments. Account values vary depending upon the performance of the indexed account options you select.

    - Money from the policy is available via withdrawals and loans.

    - Flexibility to switch between different premium allocation options as your needs change over time.

  • Variable universal life insurance offers permanent lifetime insurance protection, flexible premium payments and the ability to build cash value. You have the opportunity to accumulate cash value by choosing from a variety of investment options across risk categories. Variable universal life policies have the potential for greater cash value growth than other types of life insurance. They can also lose cash value. If you're comfortable with market fluctuations, this type of policy may be an option to consider.

    Before you purchase variable universal life insurance, you may want to consider the following:

    - Your policy's account value will vary depending upon the performance of the investment options selected (which is not guaranteed).

    - You can take money from the policy via withdrawals and loans. However, keep in mind that this will decrease the cash value and death benefit if the amount borrowed is not repaid.

    - You can transfer funds among different investment options to allow you to develop a strategy that works for you as your needs change over your lifetime.

    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.

Get rewarded with the John Hancock Vitality Program

John Hancock Vitality life insurance gives you the financial protection you need while helping you live a longer, healthier life. You can save as much as 15% on your coverage and earn shopping and entertainment discounts for taking steps to live healthy, like exercising, getting regular check-ups and eating well. You can even earn an Apple Watch for $25 through regular exercise.

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