NU Online News Service, Sept. 27, 2004, 4:44 p.m. EDT

John Hancock Financial Services Inc., Boston, has introduced a rider that can double the long term care benefits available through its LifeCare Benefit rider.[@@]

The LifeCare Benefit rider helps holders of Hancock’s Protection UL universal life policies use their death benefits to pay for long term care.

The new LifeCare Benefit Max rider lets Protection UL policyholders add an amount equal to the policy’s initial death benefit to the amount available for LTC expenses, Hancock says.

Hancock also sells the “LMAX” rider with its Medallion VL Edge II variable-universal life policy and its Performance UL universal life policy.