John Hancock Life Insurance Company says it has simplified its line of long term care insurance products to make them easier to sell.[@@]
The Boston-based company’s John Hancock Long Term Care subsidiary is offering producers packaged LTC insurance products to shorten the sales process for independent agents, non-LTC specialists and broker-dealers.
The packaging, called SimpleChoices, cuts the job of picking LTC insurance options down to size by grouping them into 3 basic choices, the company says.
Each choice represents a selection of features designed to match a given client’s budget and coverage needs, the company says.