The First Survivorship Product with John Hancock Vitality
Here are the highlights:
- Industry-leading level pay and single premiums
- Increased rolling target premiums (20-50% higher!)
- Aligned caps with Protection IUL ’15:
- Capped Account Cap 10.5%
- High Par Account Cap 9%
- Uncapped Account Threshold 6.5%
- Guaranteed Index Multiplier of 15%, Year 6+
- Optional Vitality Rider ($4 monthly cost): ~3% savings at Silver, 10% at Gold, 13% at Platinum; Available to insureds up to age 90 at all risk classes
- Full Vitality Rewards for each insured, meaning double the travel, shopping and entertainment discounts!
- LifeTrack policy management solution now available (with and without the Vitality Rider)Start illustrating Protection SIUL ’16 today! Now available in Winflex and JH Illustrator. The new product has been approved in all states except CA, DE, and NY.
- The following states have also approved Protection SIUL with Vitality: AL, AZ, AR, CO, CT, DC, FL, GA, ID, IN, IA, KY, ME, MI, MS, MT, NE, NV, NJ, NC, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, WV, WI, WY.
Protection SIUL ’13 deadline will be November 4th. Please click here for full transition rules.