John Hancock Helps Advisors Tap Into Fast Growing Global High Net Worth Market
John Hancock InsuranceBOSTON, Sept. 17, 2014 /PRNewswire/ -- John Hancock Insurance has launched a campaign that provides advisors with the expertise, support material and resources required to tap into the life insurance needs of the growing global high net worth (HNW) market.
According to the 2013 World Wealth Report, the global HNW population grew 9.2 percent to reach 12 million in 2012 and its assets are expected to reach $55.8 trillion in 2015, with an annual growth rate of 6.5 percent.[1] The growth of the global HNW market has created an increasing demand for U.S. life insurance for those individuals who have ties to the U.S. and are seeking solutions to meet their estate and tax planning needs.
"With our extensive underwriting and Advanced Markets expertise, John Hancock has a long-standing reputation for meeting the needs of the global high net worth market," said Mike Doughty, President, John Hancock Insurance. "We've now pulled together this knowledge in one comprehensive marketing and educational package to help our producers and firms understand the nuances of these types of sales."
Complicated rules both in the US and internationally make planning essential for the global client. John Hancock's "Seller's Guide to the Global High Net Worth Market" and additional support material can help advisors realize sales in this sophisticated market – and ensure these clients have the coverage they need to protect their families and businesses, and preserve their wealth.
About John Hancock Financial and Manulife Financial
John Hancock Financial is a division of Manulife Financial, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife and its subsidiaries were approximately C$637 billion (US$597 billion) as at June 30, 2014. We operate as John Hancock in the U.S. and as Manulife in other parts of the world. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.
John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York are collectively referred to as "John Hancock".
Insurance products are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA 02117 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.
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1. Source: World Wealth Report, 2013, Capgemini and RBC Wealth Management; Capgemini, RBC Wealth Management, and Scorpio Partnership Global HNW Insights Survey 2013 |
SOURCE John Hancock Life Insurance
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