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John Hancock Launches Protection UL-G, SUL-G

Protection UL-G, a single life product that provides lifetime guaranteed premiums to clients from issue ages 30 to 90

John Hancock has enhanced its portfolio with the launch of Protection UL-G and Protection SUL-G products.

Protection UL-G, a single life product, provides lifetime guaranteed premiums to clients from issue ages 30 to 90. The product provides a tool for individuals with estate planning and income replacement needs.

Protection UL-G also offers riders such as the Cash Value Advantage Rider, that gives clients the potential to accumulate strong intermediate cash values in their policy and the LifeCare Benefit rider, which allows clients to accelerate their policy death benefit to help pay long-term care expenses.

The new survivorship offering, Protection SUL-G, provides affordable guaranteed lifetime protection to two people, generally spouses. This product is suited to married clients with wealth preservation needs. The policy’s optional riders, coupled with John Hancock’s underwriting and retention limits, make Protection SUL-G a solution in the SUL market.

The John Hancock unit, through its insurance companies, offers life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, and other financial services.