The Accelerated Benefit Rider provides additional security if you become terminally ill.

The true worth of a product or service is often only realized in times of duress. Certainly there are few greater stresses placed on any individual than those caused by ill health. That is why John Hancock has introduced the Accelerated Benefit Rider. It gives you the security that, should you become ill, you have additional financial resources to tap into if you need them.

How It Works

In the event of terminal illness, this rider allows an insured to “accelerate” receipt of a policy’s death benefit. You are eligible to receive up to 50% of your qualifying death benefit, to a lifetime maximum of $1,000,000.00 per life insured on provision of a written statement from your doctor that your life expectancy is one year or less (two years in Washington and Massachusetts). There is no restriction on the use of these funds. It is totally at your discretion.

This rider is provided on all single life permanent and term contracts.  The costs are included in the premium.  It is not available on Survivorship products.

The Accelerated Benefit Rider is NOT long-term care nor nursing home insurance.  Receipt of the Accelerated Benefit could have taxable implications and may affect Medicaid and Supplemental Security Income eligibility.

Effect on Policy Values

Although your death benefit is reduced by any accelerated benefit paid, the balance is maintained as valuable life insurance coverage for your beneficiary as you continue to pay your scheduled premium.  Your policy’s death benefit will be reduced by the amount of the accelerated death benefit payable, plus one year’s interest. The interest rate is your policy’s loan interest rate. If your policy does not include a loan provision, the interest rate is 8%. Your policy’s cash value will be reduced by the amount of the accelerated death benefit payable.

Submitting an Accelerated Benefit Claim


Call 1-888-887-2739


The Claims Department will send a state-specific form to the policy owner to be completed by the insured and his/her attending physician (including disclosure statement as to effect on the policy).


The information is reviewed for qualification and a decision is provided to the policy owner within six to ten business days of receipt of the completed form.