John Hancock’s new LifeCare solution — a hybrid IUL with LTC benefits that you need to get to know. Whether you’re working with existing clients or engaging new prospects, LifeCare's features and benefits can give clients more when they need it.
Unmatched combination of death benefit, cash value and LTC protection.
Built-in Annual Benefit Lock Guarantee feature provides the potential to lock in increases to the death benefit and MMBA at each policy anniversary through positive index performance.
Unique opportunity to enhance benefit growth through engagement in Vitality PLUS.
Choice of indemnity and reimbursement at the time of claim.
Separate and identifiable LTC premiums may be tax-deductible or reimbursable through a Health Savings Account, provided certain conditions are met.
Streamlined “low touch” process with the potential for an instant underwriting decision for clients under age 60.
As an experienced leader in fulfilling our promises, we take pride in standing out in the market with Lifecare — a unique hybrid IUL and LTC solution that delivers more when it’s needed the most.
Contact your dedicated John Hancock LifeCare sales support team at 844-544-5433 to learn more.
FOR AGENT USE ONLY. THIS MATERIAL MAY NOT BE USED WITH THE PUBLIC.
The LifeCare Long-Term Care rider and the LifeCare Long-Term Care Inflation rider accelerate the death benefit for approved long term care expenses and, depending on the benefit period selected, also offer an extension of long-term care benefits after the death benefit has been fully accelerated. When the death benefit is accelerated for long-term care expenses, it is reduced dollar for dollar, and the cash value is reduced proportionately. The riders have a maximum monthly benefit amount and are subject to underwriting. There are additional fixed premiums associated with these riders. The riders have exclusions and limitations, reductions of benefits, and terms under which it may be continued in force or discontinued. Consult the state specific Outline of Coverage for additional details. Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock. John Hancock Vitality Program rewards and discounts are available only to the person insured under the eligible life insurance policy, may vary based on the type of insurance policy purchased and the state where the policy was issued, are subject to change and are not guaranteed to remain the same for the life of the policy. To be eligible to earn rewards and discounts by participating in the Vitality program, the insured must register for Vitality and in most instances also complete the Vitality Healthy Review (VHR).
For LifeCare policies, participation in John Hancock Vitality PLUS can increase the death benefit. Increases in the death benefit may also increase the total LTC benefit if the LifeCare Long-Term Care rider is chosen.
The Long-Term Care Inflation rider benefit balance is not impacted by increases in the death benefit — it only increases based on 5% inflation each year. Comments on taxation are based on John Hancock’s understanding of current tax law, which is subject to change. No legal, tax or accounting advice can be given by John Hancock, its agents, employees or licensed agents. Prospective purchasers should consult their tax professional for details. Insurance policies and/or associated riders and features may not be available in all states. Some riders may have additional premiums and expenses associated with them. Insurance products issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116. MLINY031125040-1
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