John Hancock’s New Protection UL-G and Protection SUL-G

Posted by Nickelle Leist on Tue, Feb 23, 2010 @ 10:34 AM

John Hancock’s New Protection UL-G and Protection SUL-G offers competitive Premiums in level-pay and high early funding scenarios for clients in the top th

John Hancock’s New Protection UL-G and Protection SUL-G offers competitive Premiums 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 the serious contenders in the older age markets.

Protection UL-G offers:

• Competitive level-pay and lump-sum premiums
• Enhanced Target Premiums in high early funding scenarios
• A Cash Value Advantage rider which can generate substantial intermediate cash values
• Long-term care riders which provide income tax-favored LTC benefits
• Ability to illustrate off-anniversary premiums

Protection SUL-G offers:

• Reduced surrender charge period – recovering up to 100% of premiums in year 20
• Competitive level-pay and lump-sum premiums
• Enhanced Target Premiums in high early funding scenarios
• Three flexible Policy Protection riders for the ultimate in design flexibility
• Competitive underwriting and high retention limits
• Ability to illustrate off-anniversary premiums

New Business and Underwriting Information

Protection UL-G 09R and Protection SUL 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.

Deadline: March 15, 2010

• John Hancock home office must have received a signed illustration and made a tentative underwriting decision.
• 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 require3ment by March 15th is the insured’s signature).  An illustration on the case must also have been received by John Hancock as of March 15th, 201