Stay protected at every stage of life. With permanent life insurance, your policy can grow with you and offers lifetime coverage. Enjoy the confidence of knowing your family, future generations, and even your business, are supported.
Benefits
Lifetime coverage
Life is full of big moments, but it’s hard to plan for the unexpected ones. Permanent life insurance offers coverage for your entire life, so you and your family are protected.
Cash value
Your tax deferred potential cash value can help supplement retirement income, cover emergencies, or other future expenses.
Flexibility
Whether you're saving to fund college tuition or retirement, Permanent life insurance can help support your changing needs.
Rewards for healthy living
Get rewarded with savings and discounts when you make healthy choices with John Hancock Vitality.
Permanent life insurance options
Universal life insurance
Universal Life Insurance is a flexible policy that allows you to customize both the timing and amount of your premium. Lifetime protection and potential for cash value accumulation give you the freedom to meet your needs today, plan for tomorrow and help protect your family.
Talk to an insurance professional to learn more.
Key benefits:
- Amount and frequency of premium payments can be adjusted.1
- Policy account value grows based on a credited interest rate.2
- Withdraw and borrow cash from your policy. Remember to repay funds to avoid decreased cash value and final payout.3
- Protection tailored to meet your needs.
Indexed universal life insurance
Much like Universal Life, Indexed Universal Life Insurance offers premium payment flexibility and a lifetime of coverage, but with more opportunities to grow your cash value. Earn interest based on the performance of a linked indexed account for the potential to grow your money quicker at a low risk.6
Talk to an insurance professional to learn more.
Key benefits:
- Policy does not directly participate in any stock or equity investments.4
- Withdraw and borrow cash from your policy. Remember to repay funds to avoid decreased cash value and final payout.3
- Flexibility to switch between different premium allocation options as your needs change over time.
Variable universal life insurance
Like our other Universal Life products, Variable Universal Life Insurance is flexible and offers lifetime protection — so what’s the key difference? This policy type allows you the most cash value growth potential. Choosing from investment options spanning a range of risk categories, Variable Universal Life offers the most potential to grow with you, but cash value may change depending on the market.
Talk to an insurance professional to learn more.
Key benefits:
- Largest cash value growth potential: Account value varies depending upon the performance of the investment options selected.5
- Withdraw and borrow cash from your policy. Remember to repay borrowed funds to avoid decreased cash value and final payout.3
- Transfer funds among different investment options to develop and update strategies as your life needs change.
Considerations before borrowing from your policy
Loans and withdrawals will reduce the death benefit and the cash surrender value, and may cause the policy to lapse.3
Live healthy. Get rewarded.
Life insurance with John Hancock Vitality helps protect your family and rewards the everyday things you do to stay healthy.
Ideas + insights
Boost your financial know-how.
For our current customers
Contact us
Life insurance service center
(all states except New York)
Phone: 1-800-387-2747
TTY#: 1-800-832-5282
Monday to Friday, Eastern Time Business Hours
New York service center
Phone: 1-888-267-7781
Monday to Friday, Eastern Time Business Hours
Vitality
Phone: 1-888-333-2659
Monday to Friday, Eastern Time Business Hours
Mail to:
Life Post Issue Services
John Hancock Insurance
PO Box 55979
Boston, MA, 02205
Helpful links
1 Within certain limits
2 Interests rates are susceptible to change
3 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. Cash value available for loans and withdrawals may be more or less than originally invested. Withdrawals are available after the first policy year.
4 Account values vary depending upon the performance of the indexed account options you select
5 Variable universal life insurance has annual fees and expenses associated with it in addition to life insurance related charges (which differ with the product chosen), including surrender charges and investment management fees. Variable universal life insurance products are long-term contracts and are sold by prospectus. They are subject to market risk due to the underlying sub-accounts, and are unsuitable as a short term savings vehicle. The primary purpose of variable universal life insurance is to provide lifetime protection against economic loss due to the death of the insured person. Cash values are not guaranteed if the client is invested in the investment accounts. There are risks associated with each investment option, and the policy may lose value.
6 There is risk as the performance of the underlying Index may result in low segment interest credits that would require increase in premium payments in order to keep the policy in force.
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. Please contact your licensed agent or John Hancock for more information, costs, and complete details on coverage to help you determine which policy is suitable for your needs. Availability of policies, features, and benefits may vary by state.
Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock.
Products or services offered under the Vitality Program are not insurance and are subject to change. There may be additional costs associated with these products or services and there are additional requirements associated with participation in the program. For more information, please contact the company at JohnHancockInsurance.com or via telephone at 888-333-2659.
Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595 and securities 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.
Variable life insurance is sold by product and fund prospectus, which should be read carefully. They contain information on the investment objectives, risks, charges and expenses of the variable product and its underlying investment options. These factors should be considered carefully before investing.
MLINY091223654-3
Premier Benefit IUL Policy Form Series: ICC23 23PBIUL, 23PBIUL