New Protection UL 22 and Protection SUL 22 — now approved in California

Pay less and get more than ever in California

We are excited to announce Protection UL 22 and Protection SUL 22 are now approved in California. Before you meet with your next client, check out the following for details on our exciting product changes.

• Industry-leading pricing for level-, short- and single-pay scenarios

• Strong no-lapse guarantees with attractive cash value potential, particularly compared to guaranteed UL products

• Protection UL now offers a new Cash Value Enhancement rider & Preliminary Funding Account for added flexibility

• Protection SUL provides enhanced target premiums, offering an additional 30% on single-pay and other early funding scenarios

Transition rules for Protection UL 19 and Protection SUL 19 Reprice

January 20, 2023 deadline:

• If seeking an informal offer — the John Hancock home office must receive a Protection UL 19 or Protection SUL 19 Reprice 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 UL 19 or Protection SUL 19 Reprice 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.

March 17, 2023 deadline:

• 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).