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.