John Hancock raises minimum term face amount
Effective January 28, 2021, Hancock is raising the minimum face amount for term insurance to $750,000.
Applications have to be signed and received by the Home Office on or before Wednesday, January 27th
From John Hancock:
“In order to accelerate a return to service levels that are consistent with our commitment to you, effective January 28, 2021, we are temporarily raising our minimum face amount for term insurance to $750,000. At the close of last year, we successfully completed the conversion to the new processing system and have other initiatives planned for 2021 that we believe will alleviate delays and frustrations.
As those digital integrations progress, and we are able to support business with the high level of service you have come to expect from us, we will reevaluate and adjust term limits accordingly.”
If Watermark Life can help walk you through those changes, contact us at info@watermarklife.com or call us at (844) 526-7210.