Types of Life Insurance

Choosing the right type of life insurance depends on your individual circumstances and financial goals. Life insurance policies are designed to pay a death benefit when someone dies, but there are usually two basic categories of policies to meet your different needs - term and permanent.

Each of the above product categories also offers a corresponding survivorship product that covers you and one other person (such as your spouse or business partner) making it a cost-effective alternative to purchasing two individual life insurance policies.


In addition, adding a long-term care rider to a permanent life insurance product can help protect your family, your hard-earned assets, and your future from the high costs of long-term care. There are additional costs associated with such a rider, and benefits are subject to exclusions and limitations.


Variable insurance contracts are offered through John Hancock Distributors LLC through other broker/dealers that have a selling agreement with John Hancock Distributors LLC, 197 Clarendon Street, Boston, MA 02116.

Term vs. permanent life insurance

Click this quick reference chart
to help you understand the
value of both.



MLINY113016235

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.