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.