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2007 News Releases

For Immediate Release

February 16, 2007

John Hancock Re–Prices Its Accumulation Universal Life Insurance Product

  • More competitive cash values (especially at age 65 and above)

  • Greater potential for high early surrender values

  • Improved Return of Premium rider performance

Boston– John Hancock has re-priced its Accumulation UL policy, a universal life insurance policy designed to meet the needs of high net worth individuals and business owners who are seeking death benefit protection and the potential to accumulate significant policy cash value.

With its improved pricing, the new Accumulation UL offers better cash value accumulation potential, attractive retirement income and high early surrender values, at all ages and funding patterns.

“The introduction of the re-priced Accumulation UL is another example of our commitment to supporting producers and clients with the strongest and most competitive products in the marketplace,” said Steve Finch, President, John Hancock Life Insurance. “This also further strengthens our overall universal life portfolio, ensuring that we have a product to help every client secure their financial future.”

Accumulation UL is an excellent solution for clients who need to transfer wealth, preserve assets, accumulate funds as a source of supplemental retirement income or finance their life insurance premiums.

In addition to its flexible design and cash accumulation potential, Accumulation UL offers a variety of riders1 and features that address business and personal insurance needs:

  • Cash Value Enhancement rider: makes Accumulation UL a balance sheet-friendly solution for businesses
  • Return of Premium rider: Helps ensure that there is sufficient death benefit to provide coverage for the insured’s heirs as well as repay premium finance loans
  • Overloan Protection rider: Keeps the policy from lapsing if the policy owner incurs policy debt in excess of the policy value.

These features, combined with outstanding design flexibility, make Accumulation UL more versatile than ever.

About John Hancock and Manulife Financial
John Hancock is a wholly-owned subsidiary of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$414 billion (US$355 billion) as at December 31, 2006.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, mutual funds, 401(k) plans, long-term care insurance, college savings and other forms of business insurance.

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1.Insurance policies and/or associated riders and features may not be available in all states. Some riders may have additional fees and expenses associated with them.

Insurance products issued by John Hancock life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.

Contact:
Brian Carmichael
617-663-4748
bcarmichael@jhancock.com