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When you shop for life insurance through Quotacy, you have access to the country’s top-rated life insurance companies. Is John Hancock the right term life insurance company for you? In today’s video, we review John Hancock’s life insurance policies to help you make an informed buying decision.

Video Transcript

Hey everyone we’re Jeanna and Natasha and we work at Quotacy.

Quotacy is an independent life insurance broker. This means we have the ability to sell policies from multiple life insurance companies. Giving you more options.

Today we’re going to give a review of John Hancock, one of the life insurance companies we work with. John Hancock is headquartered in Boston and has been around since 1862.

Overall, John Hancock is a solid company with a smooth accelerated underwriting process.

Quotacy only works with top-rated life insurance companies which means they are rated A or better and John Hancock is no exception. Being A rated or better means the company is financially secure so you won’t have to worry about your policy’s death benefit not being paid.

To stand out in the competitive life insurance industry, some companies cater to different health or lifestyle niches. John Hancock is excellent for applicants who use tobacco products, such as cigars and pipes, they’re also great for those who have been diagnosed with Barrett’s esophagus, Crohn’s disease, and ulcerative colitis.

John Hancock is an Excellent Choice for:

  • Accelerated Underwriting
  • Chewing Tobacco Users
  • Cigar and Pipe Smokers
  • Barrett’s Esophagus
  • Crohn’s Disease
  • Healthy Individuals
  • Ulcerative Colitis

 

This means that while some companies may see these particular factors as higher risk than normal, John Hancock is a bit more lenient.

Let’s talk about what we like in regards to John Hancock’s life insurance policies and buying process.

This product is sold in term amounts of 10, 15, and 20 years. The smallest amount of term life insurance you can purchase is $100,000 and this is pretty standard.

John Hancock Term

Available Term Lengths

10, 15, and 20-year policies available (depending on applicant’s age)

Available Coverage Amounts

$100,000 and up

Grace Period for Missed Payments

30 Days

Overall, John Hancock is a solid company with a smooth accelerated underwriting process.

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Depending on the life insurance product, there will be different policy riders available. Life insurance policy riders are additional benefits that you can add on to your policy at the time of purchase. John Hancock’s term policy offers an accelerated death benefit rider, premium waiver for disability rider, and an unemployment protection rider.
Let’s break these down.

Available Riders on John Hancock Policies

Accelerated Death Benefit Rider

(Included in all John Hancock policies)

Premium Waiver for Disability

(Available at additional cost)

Unemployment Protection Rider

(Available at additional cost)

 

Let’s break these down.

Accelerated Death Benefit Rider

This rider is included in your policy at no charge. It gives you access to a portion of your policy’s death benefit if you are diagnosed with a terminal illness resulting in 12 months or less to live.

 

An accelerated death benefit rider is included on John Hancock term policies at no charge. This rider gives you access to a portion of your policy’s death benefit if you are diagnosed with a terminal illness resulting in 12 months or less to live.

A Premium Waiver for Disability

(Available for an additional cost)

This rider is included in your policy at no charge. It gives you access to a portion of your policy’s death benefit if you are diagnosed with a terminal illness resulting in 12 months or less to live.

 

A premium waiver for disability rider is available on John Hancock term policies for an additional cost. With this rider, John Hancock will waive your premium payments during a period of total disability lasting six consecutive months or more.

Unemployment Protection Rider

(Available for an additional cost)

With this rider, if you become unemployed for at least four consecutive weeks, John Hancock will waive premium payments up to a total of 12 months. These payments will not need to be paid back. Cost varies by age and benefit amount. Ask your Quotacy agent for details.

 

An unemployment protection rider is available on John Hancock term policies for an additional cost. With this rider, if you become unemployed for at least four consecutive weeks John Hancock will waive premium payments up to a total of 12 months.

John Hancock also now offers VitalityGo on all their insurance policies at no cost. Through this program you can earn discounts and rewards at major brand outlets based on healthy activity milestones that you hit. You can learn more about this program on Quotacy’s John Hancock review page.

When you apply through Quotacy, we’ll review your application to double-check you’ve chosen to apply with the company that will give you the most favorable outcome. The final choice is of course 100% your decision. We simply aim to be completely transparent and make sure you know all of your options.

» Compare: Term life insurance quotes

If you’re interested in any of the riders we mentioned let your Quotacy agent know after you apply. They will let you know the exact cost of any rider you want to purchase and can add it to your policy during the buying process.

Quotacy can help you get life insurance from John Hancock or any other top-rated life insurance companies we work with.

And why should you get life insurance through Quotacy?

Our agents are licensed in all 50 states and they work on salary, not commission, so we’ll never try and upsell you. We work for you, not the insurance companies. You won’t pay any extra fees or charges to use our services.

Get a free, instant term life insurance quote now from multiple top-rated life insurance companies without giving away any contact information. Bye!

About the writer

Headshot of Natasha Cornelius, a life insurance writer, for Quotacy, Inc.

Natasha Cornelius

Writer, Editor, and Co-host of Quotacy's Q&A Fridays

Natasha is the content manager and editor for Quotacy. She has been in the life insurance industry since 2010 and has been making life insurance easier to understand with her writing since 2014. When not at work, she's probably studying and working toward her Chartered Life Underwriter (CLU) designation while throwing a tennis ball for her pitbull mix, Emmett, or curled up on her couch watching Netflix. If it’s football season, the Packers game will be on. Connect with her on LinkedIn.