John Hancock's new Prtecion UL-G and Protection SUL-G offer competitive premium in level-pay and high early funding scenarios for clients in the top three risk classes. With high retention limits, progressive underwriting and competitive target premiums - all backed by a company with some of the highest financial strength ratings in the industry - these two products continue to be serious contenders in the older age market.
| Protection UL-G offers: |
Protection SUL-G offers: |
- Competitive level-pay and lump-sum premiums
|
- Reduced surrender charge period - recovering up to 100% of premiums in year 20
|
- Enhanced Target Premiums in high early funding scenarios
|
- Competitive level-pay and lump-sum premiums
|
- A Cash Value Advantage rider which can generate substantial intermediate cash values
|
- Enhanced Target Premiums in high early funding scenarios
|
- Long-term care riders which provide income tax-favored LTC benefits
|
- Three flexible Policy Protection riders for the ultimate in design flexibility
|
- Ability to illustrate off-anniversary premiums
|
- Competitive underwriting and high retention limits
|
|
- Ability to illustrate off-anniversary premiums
|
Compare Protection UL-G to the competition:
|
Male 65, Best Risk Class, $1,000,000 Face Amount, Lump-sum year 1 premium of $100,000, Solve for lifetime guaranteed level-pay years 2+ |
| Company |
Ongoing Premium |
Target |
|
John Hancock's Protection UL-G |
$13,116 |
$25,057 |
| Lincoln |
$13,150 |
$19,660 |
|
Transamerica |
$13,543 |
$22,400 |
| MetLife |
$13,549 |
$22,627 |
| Pacific Life* |
$13,610 |
$25,057 |
|
Prudential |
$14,291 |
$21,320 |
| ING |
$14,781 |
$21,000 |
| Sun life |
$15,470 |
$20,860 |
*Blended to JH Target Premium.
Competitor information is current and accurate to the best of our knowledge as of February 2010. The data shown is taken from various company illustrations.
State Approvals and Illustration System
Please refer to the state approval map for current state approvals. These state are available on the recently distributed JH Illustrator 6.1, February 2010. State approvals will be updated on jhillustrator.com
New Business and Underwriting Information
Protection UL-G 09R and Protection SUL-G 09 are no longer offered. However, in order to provide a transition period and secure issue of these current products, the following criteria must be met:
By March 15, 2010
- John Hancock home offce has received a signed illustration and made a tenative underwriting decision.
OR
-
John Hancock has received an application for Protection UL-G 09R and Protection SUL-G 09 signed by the Insured and Owner (note that in cases where trusts are involved, the minimum requirement by March 15th is the insured's signature). An illustration on the case must also have been received by John Hancock as of March 15, 2010.
By May 14, 2010
John Hancock has provided a final underwriting offer and has received all administrate requirements to issue the policy.
Marketing Materials
We have created marketing materials to help you spread the word about the new Protection UL-G and Protection SUL-G. Producer guides, consumer guides and other marketing materials may be ordered from the warehouse or downloaded from jhsalesnet.com
If you have further questions, please call Madison Brokerage at 888-539-3232
Email 
RSS 