BOSTON, May 17 /PRNewswire-FirstCall/ — John Hancock Life Insurance today launched new current assumption single life and joint life products — Performance UL and Performance SUL.
These products offer low-cost permanent death benefit protection with the added security of new extended guarantees. They will be the lowest cost permanent life insurance products in John Hancock’s portfolio.
“The new Performance UL and Performance SUL will not only provide permanent, affordable solutions to meet clients’ insurance needs but also offer the opportunity to participate in potentially stronger future investment returns. And to give clients additional security we are providing the downside protection of extended guarantees,” said Steve Finch, President, John Hancock Life Insurance. “As the price for UL products with lifetime guarantees increase in the marketplace, it’s more important than ever to look at alternatives.”
Mr. Finch said Performance UL and Performance SUL’s lower premiums and new extended guarantees combined with strong cash surrender values, provide a compelling alternative to guaranteed UL and guaranteed SUL products.
“With long-term interest rates near historic lows, there has never been a better time to buy a UL policy that offers flexibility and liquidity through cash values plus the potential for some upside if investment returns increase over time,” he said. “The new Performance UL and Performance SUL demonstrate John Hancock’s commitment to providing the right solution, at the right time.”
Source: John Hancock Life Insurance
Web Site: http://www.johnhancock.com/
Shop for John Hancock life insurance products at: www.wholesaleinsurance.net
