John Hancock Financial is rolling out 2 new universal life policies that have lifetime death benefit guarantees.
Protection UL-G is a single-life policy for issue ages 30 to 90, according to Hancock, Boston, a U.S. unit of Manulife Financial Corp, Toronto. Riders include cash value advantage, which offers the potential to accumulate strong intermediate cash values, and a life care benefit, which accelerates the death benefit to cover long term care expenses.