Term vs. permanent life insurance

To determine whether a term or permanent life insurance policy is the right choice for you, it is important to consider factors such as the time period your insurance protection is needed, your short and long-term goals and your overall financial plan. A comparison of the features and benefits of each policy can help you make an informed decision about which type is appropriate for you. Talk to your financial professional for more details and to find out which type of life insurance is more suitable for your needs.

Quick Reference Chart:

Feature Term Life Insurance Permanent Life Insurance
Death benefit protection

Yes

Yes

Cash value accumulation

No

Yes

Long-term care coverage also available

No

Yes

Flexibility based on changing needs

No

Yes

Lifetime death benefit protection

No

Yes

Contact a financial professional


John Hancock's life insurance products are offered through an extensive network of experienced financial professionals from a variety of firms across the country. They can help you evaluate your goals and choose the life insurance product that's right for you.

Contact a financial professional



MLINY112713183

Insurance policies and/or associated riders and features may not be available in all states. Insurance products are issued by John Hancock Life Insurance Company (U.S.A),197 Clarendon Street, Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, 100 Summit Lake Drive, 2nd floor, Valhalla, NY 10595.