John Hancock Announces Multiple Rate Changes Across Portfolio

Written By Guest User

At John Hancock, we are proud of our record of delivering exceptional policy performance for our customers. Our strong investment capabilities continue to drive our success. Effective March 1, 2022, the following adjustments will take place on new and inforce policies:

  • UL crediting rates will increase on Protection UL and Protection SUL by 30 bps

  • Indexed UL caps will decrease for certain Accumulation IUL, Protection IUL, Protection SIUL, Accumulation VUL and Accumulation SVUL accounts, while participation rates will remain unchanged. The last segments to utilize the old rates will initiate on February 15, 2022, with a lock-in date of February 10, 2022. The first segments to utilize the new rates will initiate on March 15, 2022.

  • Fixed Account rates will decrease for certain indexed UL and variable UL products by 10 bps

Please see the formal announcement from John Hancock for an updated rate sheet and additional transition details.

Guest User
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