John Hancock Premier Benefit IUL Approved in CA

Exciting news! John Hancock recently announced that their Premier Benefit IUL, a product that offers employees a way to buy permanent life insurance with optional LTC rider protection at no cost to the employer, is now available in CA.

Premier Benefit IUL gives you a compelling way to tap into the employer market — and it’s now available in California. This exciting new offering gives high-earning employees an easy way to buy voluntary, individual coverage with long-term care rider protection at work, with no cost to the employer. It also offers the convenience of a fully digital experience and streamlined underwriting. And, every policy includes the unique John Hancock Vitality PLUS Program, which supports employees in their pursuit of a longer, healthier, better life.

Key Highlights

• Fully digital experience — ensures an efficient process from start to finish

• Streamlined underwriting3 — requires no APS, medical exams, or labs and often results in an instant decision; guaranteed issue available for larger group sizes

• Enhanced protection with our Long-Term Care rider4 — gives employees the option to accelerate their policy's death benefit in the event of a long-term care need

• Cost-efficient, permanent death benefit protection with income tax-free growth⁵ potential — gives employees a choice of tying policy performance to an S&P⁶-linked indexed account and/or a Fixed Account

• John Hancock Vitality PLUS — rewards employees for the everyday steps they take to live longer, healthier, better lives.