Close Close
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

Life Health > Life Insurance > Term Insurance

Hancock LTC Announces Manulife-Branded Product

Your article was successfully shared with the contacts you provided.

The John Hancock Long Term Care Insurance business unit will offer a Manulife-branded LTC insurance product for sale by agents in the group market later this year.[@@]

The unit also has entered a marketing agreement with Individual Commercial Brokerage, Parsippany, N.J., a marketing organization focused on selling individual LTC insurance through the worksite. As part of the agreement, ICB helped develop the product with Avon Long Term Care Leaders, a unit of Manulife Financial Corp., Toronto. Avon became part of John Hancock Long Term Care Insurance following the merger of John Hancock Financial Services Inc. with Manulife in 2004.

Avon will handle product development, underwriting and claims management for the new product, Hancock LTC Insurance says.

ICB has an LTC insurance distribution agreement with HealthConnect Systems, which provides sales automation systems for group benefits brokers. HCS’ 6,700 broker clients will be able to quote and enroll the new LTC insurance product while enrolling workers in health plans, says Barry Eldridge, president of ICB


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