John Hancock Guaranteed Universal Life Insurance Reviews

John Hancock Guaranteed Universal Life Insurance Reviews

The John Hancock Life Insurance Company is one of the top life insurance companies available today. However, you need to know if they are they the right company for you.  Not every company is a great fit for every shopper. Our John Hancock Guaranteed Universal Life Insurance Reviews article will help you decide if John Hancock is the best company for your GUL needs. John Hancock’s GUL product is called the UL-G 13 and it’s their main Guaranteed Universal Life product that we’ll be reviewing today.

What company is the best?

Are you just looking for the best Guaranteed Universal Life insurance companies? We reviewed all of the top rated GUL companies right here.

John Hancock Guaranteed Universal Life Insurance Reviews

Just know that this post is just one of many GUL reviews that are available to you on Life Insurance Blog. We have a huge series of reviews for the top carriers that sell guaranteed universal life insurance.  To learn more about GUL products (also known as Term to 100 or Lifetime Term) please read an overview of GUL here.

John Hancock Life Insurance Company

Financial Strength
Review Summary

The John Hancock life insurance company is one of the largest and most respected insurance carriers in the industry. For over 150 years, John Hancock has shown to have an excellent reputation for paying out death benefits to their policyholders. Did you know that John Hancock is listed as one of the 100 Most Powerful Corporate, Media and Product Brands of the twentieth century?

Very Good!
john hancock best life insurance company

John Hancock Overview

Founded in 1862, the John Hancock Life Insurance Company is owned by Manulife Financial Corporation, a Canadian financial services company. John Hancock earned a #1 ranking from the Stevie Awards for their Sales and Customer Service back in 2013.

Guaranteed Universal Life (GUL) is a type of universal life insurance- but doesn’t have the market risks of UL.

Your premiums remain the same with GUL just like term life. With a GUL, you get coverage with a “no-lapse” guarantee. This means that if you pay your insurance premiums, you’ll always be covered. GUL is not made for cash value and it resembles and functions similarly to term life insurance. Term life insurance only covers you for a set number of years. GUL covers you to a specific age such as: Age 90, 95, 100, 110, or 121.

John Hancock GUL Products

John Hancock offers life insurance shoppers lifetime coverage with their guaranteed universal life insurance product called: UL-G

John Hancock UL-G 13 Overview

Issue Ages

Ages 0-90

Minimum Benefit Amount


Coverage Lengths

Ages 90, 95, 100, 105, 110 and 121

Maximum Benefit Amount

Over $10,000,000

>>Read more about getting coverage to specific ages like:

John Hancock Financial Strength

Financial Strength Ratings

  • AM Best: A+
  • Moody's: A1
  • Standard & Poor's: AA-
  • Fitch: AA-

How to choose? If you’re comparing companies & looking to choose from two carriers, one rated A+ and one rated A++, either one is likely to be there when you need it. However, if you’re picking carriers that are rated B+ and A+, financial strength could factor in your buying decision. Try to avoid companies that 1 or more financial agencies rate as potentially vulnerable.

Health Class Ratings

Life insurance classifications are important because they affect your premium. The better your health class rating, the lower your premium will be with. All companies (including John Hancock) classify you differently.

These are the health classes that are offered with John Hancock:

  • Preferred Best
  • Preferred
  • Standard Plus
  • Standard
  • Substandard
  • Non Tobacco & Tobacco

Sample Rates

Now let’s look at how much the John Hancock UL-G 13 can cost. Below are some sample life insurance quotes. Samples below are based on annual rates for a healthy non smoking 46 year old man.

Death BenefitTo Age 121

Make sure to use an independent life insurance agent that can shop from all the top life insurance companies. They will be able to provide you unbiased recommendations based on your specific health, age, and needs.

Life insurance rates depend on many factors. The life insurance company you choose is a major factor because each company rates you differently. Someone with diabetes may qualify for different rates depending on each company they apply with.

Learn more about life insurance shopping.


  • Benefits of John Hancock
  • Innovative: John Hancock is the 1st life insurance carrier to have your life insurance policy linked to your lifestyle with the John Hancock Vitality Program that even comes with a Fitbit.
  • Competitive: John Hancock is competitive with their underwriting for a variety of health conditions.
  • Electronic: They offer a convenient electronic application.


  • Weaknesses of John Hancock
  • One of Many: John Hancock is just one of many life insurance companies in the market. They don’t offer every option and they aren’t always priced the best. Depending on your health and age- another carrier may give you a better deal.
  • Not the Fastest: John Hancock takes a bit longer with getting approved compared to the competition. They also deliver the policy by mail vs email.

Life insurance underwriting is the process of a company looking at the level of risk you present to the insurer. Once they can determine your risk level- they can decide the cost of the premium for you. This is similar to how a car insurance company will ask you if you have had any previous moving violations, accidents, DUI or license suspensions before providing you your final rate.

Learn more: Underwriting

Underwriting Information

Not all life insurance companies will look at you the same. John Hancock and every other company has their own underwriting guidelines. Here are John Hancock’s underwriting strengths and weaknesses:


These conditions typically get a better rating compared to the competition:

  • Recent Weight Loss
  • Family History
  • High Blood Pressure
  • High Cholesterol
  • Heart Attack


  • Currently, John Hancock does not exhibit any specific underwriting weaknesses.

Life Insurance Riders

Let’s look at what life insurance riders are available with the John Hancock guaranteed universal life insurance policy.

  • Disability Waiver Rider
  • Long-Term Care
  • Accelerated Death Benefit
  • Unemployment Protection

Life insurance riders are some additional benefits that can be added to a life insurance policy. Some riders are included for free and some are an additional cost. These riders provide you the ability to increase or limit the insurance coverage of your policy. Not all companies offer every rider.

Learn more: Life Insurance Riders

How to buy the best Guaranteed Universal Life policy?

We cannot stress enough the importance of using an independent life insurance agent to help you choose the right GUL product at the most affordable price possible. 

Independent life insurance agents have access to multiple companies. We know which life insurers offer the best rates when it comes to buying guaranteed universal life insurance.

We hope this article gives you a good overview of guaranteed universal life insurance. GUL policies are a great solution for many shoppers that can provide protection for your loved ones.

About Life Insurance Blog

Life Insurance Blog is an impartial life insurance broker who represents dozens of life insurance companies. We help our customers pick the best life insurance carrier and options that’s right for them. We do not push any companies because we have access to all the top life insurance companies. We don’t try to put shoppers into a plan that is not suitable for their goals and needs. Our number one concern is our clients and future policyholders.

We offer you free life insurance consultations and work with you to understand your goals and then help you with an appropriate recommendation.  So, what are you waiting for?  Contact us today or visit our Life Insurance Quotes page and see how we can help you!

Michael Quinn
Michael is a licensed life insurance agent, expert & owner of Life Insurance Blog. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage.

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