2016-10-19

BOSTON, MA (October 18, 2016) – John Hancock Insurance announced today that the John Hancock Vitality solution, a new approach to life insurance that enables policyholders to save money and earn rewards for healthy living, has been added to its first survivorship (‘two person‘) life insurance policy, Protection Survivorship Indexed Universal Life (SIUL).

This new kind of insurance complements the single person offering, Protection IUL with Vitality, and is designed to meet the needs of clients looking for low-cost survivorship protection and a dynamic solution to meet their estate and legacy planning needs. With the addition of the John Hancock Vitality Program, policyholders have the opportunity to save on their annual premiums and earn valuable rewards simply by engaging in those everyday activities that help them stay healthy, like walking, exercising, and buying healthy food.

‘At John Hancock, we’re focused on providing consumers with innovative solutions designed to help meet a variety of financial planning needs,’ said Michael Doughty, President of John Hancock Insurance. ‘By expanding the John Hancock Vitality offerings to include a survivorship product, we can help ensure that more couples are better prepared for the future, while also encouraging them to take a more active role in their health, physical and emotional well-being,’ said Doughty.

Protection SIUL with Vitality offers life insurance coverage with an opportunity to increase cash values by linking to the performance of the S&P 500. This design provides the potential for strong cash value accumulation, and even in down markets, the credited rate will never be less than zero.

John Hancock’s Protection SIUL with Vitality offers some of the lowest life insurance premiums in the industry and gives policyholders the opportunity to earn additional savings — while supporting their pursuit of a longer, healthier life.

For example, healthy couples in their 50’s buying a $1,000,000 Protection SIUL with Vitality life insurance policy, as compared to buying the same product without the Vitality solution, can potentially save more than $13,000 on their premiums by the time they reach their 70s, based on gold status over that time period.

With Protection SIUL with Vitality, each person has the opportunity to earn ‘Vitality Points’ just by walking, exercising, getting an annual health screening, and even purchasing healthy foods. The number of Vitality Points earned over the course of a year determines his/her program status level. The healthier the lifestyle, the more points policyholders can accumulate to earn valuable travel, shopping and entertainment-related rewards and discounts from leading retailers.

As part of the program, policyholders receive personalized health goals, and their activities are easily logged using online and automated tools, which are integrated with personal health technology. Even when two people are covered, such as on our survivorship product, John Hancock provides both with a free Fitbit® device as an easy way to get started.

Protection SIUL with Vitality is currently available in 49 states and John Hancock will continue to roll it out across the country as it is approved. The company also offers the John Hancock Vitality solution on its universal, term and variable universal life products.

To learn more about John Hancock life insurance with Vitality, visitwww.JHRewardsLife.com.

About John Hancock Financial and Manulife
John Hancock Financial is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Assets under management and administration by Manulife and its subsidiaries were $934 billion (US $718 billion) as at June 30, 2016. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife can be found on the Internet at manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance,annuities,investments, 401(k) plans,long-term care insurance,college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.

About Vitality
The Vitality Group is a member of Discovery Ltd., a global financial service organization offering an incentive-based wellness program to employers as part of their benefits program. With a foundation based on actuarial science and behavioral economic theory, Vitality encourages changes in lifestyle that reduce health care costs, both in the short run and long term, by rewarding members for addressing their specific health issues. Vitality wellness programs serve companies in a wide range of sizes and industries, improving individuals’ health and wellbeing as well as employers’ bottom lines.

Vitality brings a global perspective through successful partnerships with large employers and best-in- class insurers around the world, in countries including the United States, United Kingdom, South Africa, China and more recently Singapore and Australia. Additional information can be found atwww.thevitalitygroup.com.

Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02210 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.

Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock.

Annual premium savings will vary based upon policy type, the terms of the policy, and the level of the insured’s participation in the John Hancock Vitality program.

John Hancock Vitality Program rewards and discounts are only available to the person insured under the eligible life insurance policy. Rewards and discounts are subject to change and are not guaranteed to remain the same for the life of the policy.

The S&P 500® Index is an index of 500 stocks that are generally representative of the performance of leading companies in leading industries within the U.S. Protection SIUL does not directly participate in the S&P 500® Index. Protection SIUL is not sponsored, sold, endorsed or promoted by Standard & Poor’s.

MLINY092916216

PR-2016-85

Contact
Melissa Berczuk
John Hancock
617-663-4750
mberczuk@jhancock.com

The post John Hancock Launches Industry-First Survivorship Life Insurance With The John Hancock Vitality Solution appeared first on Wink.

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