Introducing LifeCare: A hybrid indexed UL with LTC benefits that delivers more
From John Hancock:
John Hancock is thrilled to introduce LifeCare, a hybrid indexed UL life insurance solution with long-term care benefits. This product offers your clients a unique way to reposition assets today for a more secure tomorrow.
LifeCare’s modern design, intuitive digital application, streamlined underwriting process, and integration with the John Hancock Vitality Program make it a compelling life insurance choice for today’s customers.
Where LifeCare stands out
More when you need it: Much higher death benefits and cash value growth potential with a very competitive Maximum Monthly Benefit Amount (MMBA) when it's needed the most
Growth with guarantees: The Annual Benefit Lock Guarantee feature provides the potential to lock in increases to the death benefit and MMBA at each policy anniversary through positive index performance
Indemnity & reimbursement: At claim, indemnity payments up to the per-diem and reimbursement above that amount, both on a tax-favored basis
John Hancock Vitality PLUS: Offers customers a unique opportunity to enhance benefit growth and align to a key desire: More healthy days
Check out the recent discussion with AIN's Jeff Reed and John Hancock about their new product.
Submission and underwriting highlights
Four available risk classes
Potential for instant underwriting decision — and these submissions are generally issued within 7 business days
Traditional paramedical exam/labs not required
State approvals
LifeCare is approved in all states except: California, Connecticut, Delaware, D.C, Florida, Guam, Indiana, Montana, New Jersey, New York, North Dakota, Puerto Rico, South Carolina, South Dakota
Check out the LifeCare Application Tips.