Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Hancock UL Policy Offers Choice Of Underwriting Classes

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Nov. 6, 2003, 12:47 p.m. EST – John Hancock Financial Services Inc., Boston, has introduced the Performance Executive UL universal life policy.

Hancock says the policy is appropriate for individuals as well as corporate customers, but it is emphasizing features that will appeal to small and midsize corporate customers.

Hancock will let purchasers choose between fully underwritten, guaranteed issue or simplified issue underwriting classes for multi-life cases.

The new UL policy also offers high early cash values with no surrender charges. That design can minimize charges to earnings for corporate customers and increase corporate customers’ asset totals, Hancock says.

The high early policy values also can provide collateral for individuals using the policy for estate planning purposes, Hancock says.

Customers who want even higher early surrender values can buy an enhanced cash value rider, Hancock says.

Hancock is administering the UL policy on a system that can handle group billing as well as individual billing.

The minimum face amount for the policy is $100,000.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.