About John Hancock Life Insurance Company
It’s important to do your research before settling on a life insurance company. One of the things you can look at is what rating agencies say about each company. For example, the John Hancock Life Insurance Company made A.M. Best’s top 10 list. Above all, this is a reliable indication that the company is extremely stable.
There is other research to be done. You need to shop at companies to get the best policies at the cheapest rates. After all, the average cost of life insurance depends on several factors, and each company has different underwriting about age and medical conditions. So, make sure you receive several quotes from companies like Protective Life, Banner Life Insurance or American General AIG. If you’re having trouble getting approved, you can check out companies that offer no medical exam life insurance or guaranteed acceptance life insurance.
A Brief History of John Hancock
The John Hancock Insurance company is a true veteran of the insurance game; they’ve been around since the early 1890’s. Today, they have millions of clients worldwide. John Hancock has proven to be quite a stable company. Rating agencies give them an A rating.
What Kind of Insurance Does John Hancock offer?
- Term Life Insurance — This is the most basic and most affordable of the life insurance options. Term life insurance comes with death benefit protection for a designated period (usually from 5, 10, 15, 20, or 30 years). With John Hancock’s term life insurance, you may be able to switch over to a permanent life insurance if you wish. With a permanent life plan, you’ll have cash build up options. Most common of permanent life insurance is whole life insurance.
- Universal Life Insurance — This insurance will cover you for your entire life. It offers death benefit protection, as well as cash value build up. This cash will be nontaxable. Universal life insurance plans provide plenty of choices to the policyholder, so you’ll be able to customize things like payments. Also, universal life insurance allows you to withdraw or borrow money from the cash value while the policyholder is still alive, if necessary.
Difference of Universal Life Insurance Policies
- Indexed Universal Life Insurance – For the most part, indexed universal life insurance offers all of the same features as standard universal life insurance policies. However, there is a difference in the cash value build up aspect. Also, with an indexed universal life insurance plan, the cash value is based on the market index, which means that the cash growth can potentially be much higher.
- Variable Universal Life – Includes permanent life coverage, customizable premium payment options, and several additional ways to build up your cash value. Furthermore, the money in the cash value gets put into several investment opportunities. However, this means that your money will be subject to the volatility of the market. Just like with ordinary universal life insurance, this cash can be withdrawn or borrowed while the policyholder is still alive.
More About John Hancock
All in all, there’s a lot to like about John Hancock’s life insurance. As you can see, they offer several kinds of life insurance. We strongly recommend looking into them if you’re in need of life insurance. Their reliability, customer service, and claims-paying ability are some of the best out there.
Further, never underestimate the importance of life insurance. Without it, your family is at risk. If you pass away unexpectedly, they would be left with your debts, funeral costs, and zero financial help. Don’t wait — plans also get more expensive the older you get. You’re much better to offer to get life insurance at 40 than you are getting life insurance in your 50’s.
Where can I get the Best Quote for Life Insurance?
PinnacleQuote is here to help. Speak with one of our agents, and they’ll be able to answer any and all of your questions. We can help set you up for the best life insurance companies and find the most reasonably-priced policies for you. Working with us will say you a significant amount of time, energy, and money.
Where can I get the Best Quote for Life Insurance?
First, PinnacleQuote is here to help. Second, Speak with one of our agents, and they’ll be able to answer any and all of your questions. Third, We can help set you up with the best life insurance companies and find the most reasonably-priced policies for you. Finally, Working with us will save you a tremendous amount of time, energy, and money.
PinnacleQuote Life Insurance Specialists, National Independent Agent
Above all, you want to make sure when shopping for a life insurance policy that you want to go with an independent agent over a captive agent. Actually, PinnacleQuote is a licensed national independent life insurance agent in 49 states. At the same time, has relationships with dozens of carriers. In any event, if you’re looking for a simple process, then let PinnacleQuote hold you by the hand. Therefore, we will provide you with the best life insurance rates in the industry, that’s made possible by the relationships we have accumulated over the years. Ultimately, with 25 years experience in the Investment/Life insurance industries, PinnacleQuote will provide you the best service to protect your family.