John Hancock Life Insurance company recently announced plans to launch two new products for its customers.
The new premier life offering combines the usual benefits of a whole life insurance policy coupled with the adaptability of flexible premium adjustable life insurance.
Also newly offered is the Indexed Universal Life policy, which includes cash value accumulation opportunities coupled with guaranteed protection against any potential market downturns. An optional uncapped indexed account allows the consumer to credit interest every year without a ceiling.
"The new Indexed UL offers a unique combination of opportunity and safety, while Premier Life offers many of the values and guarantees you would expect from a whole life policy, but with much more premium flexibility," said Steve Finch, president of John Hancock Life Insurance.
Choosing the right life insurance policy is essential, as it is the key to a financially fruitful future for the policyholder's loved ones. An effective policy will take care of the insured's funeral arrangements, the approximate annual expenses of the insured's dependents, and could also take care of future college tuition payments.