New Address, New Responsibilities
Buying a home can bring lots of joy to you and your family. It can also mean added financial responsibility for years to come. So how do you protect this long-term investment? With life insurance.
As a new homeowner your to-do list is long – moving, buying homeowners insurance and more. It’s important, though, to make sure buying life insurance is also on the list. Life insurance not only protects the people you love, it can also give them the financial support they need to cover your ongoing financial commitments – like your mortgage – should the unexpected happen to you.
You can sleep well knowing your new home (and the people in it) are protected with life insurance.
What are your financial responsibilities?
- Are you growing your family or do you have older children?
- Do you have a car loan, credit card balance, or debt?
- Could your spouse continue his/her lifestyle without your income?
Options for you
Term Life Insurance
Coverage when you need it. Get the financial protection you need for a set period of time with Term life. This easy-to-understand solution usually gives you coverage for 10-, 15-, or 20-years which may be all you need when paying for life’s big investments, like a mortgage or child’s education.
Permanent Life Insurance:
Long-term planning. Protection for as long as you live, plus a cash value component that can help you cover major expenses – like a down payment on a new home. There are many types of permanent life insurance products such as universal life, indexed universal life and variable life products.
Quick start
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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John Hancock Life and Long-term care insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02117 (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 02117 (Long-term care insurance).
The John Hancock Vitality Program is available with select John Hancock policies. Please consult your financial representative 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.
Vitality is the provider of the John Hancock Vitality Program in connection with life insurance policies issued by John Hancock.
Premium savings are in comparison to the same John Hancock policy without the Vitality program. Annual premium savings will vary based upon policy type, the terms of the policy, and the level of the insured’s participation in the John Hancock Vitality program.
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.
The HealthyMind benefit is 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.
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.
Apple Watch program is not available in New York. You can order Apple Watch Series 3 (GPS) 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 workouts completed. Upgrade fees apply if you choose Apple Watch Series 3 (GPS + Cellular), certain bands and case materials. Apple Watch Series 3 (GPS) requires an iPhone 5s or later with iOS 11 or later. Apple Watch Series 3 (GPS + Cellular) requires an iPhone 6 or later with iOS 11 or later. Apple Watch Series 3 (GPS + Cellular) and iPhone service provider must be the same. Cellular is not available with all service providers. Roaming is not available outside your carrier network coverage area. Wireless service plan required for cellular service. Contact your service provider for more details. Check www.apple.com/watch/cellular for participating wireless carriers and eligibility. Apple is not a participant in or sponsor of this promotion. Apple Watch is a registered trademark of Apple Inc. All rights reserved.
HealthyFood savings are based on qualifying purchases and may vary based on the terms of the John Hancock Vitality program.
© 2018 John Hancock Life Insurance Company (USA).