John Hancock Introduces New Protection IUL

From John Hancock:

New Protection IUL — still one of the best that IUL has to offer

For clients seeking the protection and growth potential of an indexed universal life (IUL) insurance policy, John Hancock’s repriced Protection IUL continues to lead in customer value with:

• Some of the most competitive single- and short-pay premiums on the market

• New! Access to Barclays Global MA Indexed Accounts for improved policy performance

• Addition of the Preliminary Funding Account for added flexibility

Check out John Hancock's Launch Flyer for a preview of competitive positioning

Transition Rules

March 4, 2022

• If seeking an informal offer — the John Hancock home office must receive a Protection IUL ‘21 illustration signed by the insured and owner, and a tentative underwriting decision must be obtained by this date.

• If seeking a formal offer — the John Hancock home office must receive a Protection IUL ‘21 application signed by the insured and owner by this date. An illustration on the case is also required.

• For a term conversion — the John Hancock home office must receive a term-conversion application signed by the insured and owner by this date.

April 22, 2022

• By this date, John Hancock must have provided a final underwriting offer, received all administrative requirements to issue the policy and received confirmation to proceed with the 1035 Exchange (if applicable).