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John Hancock Life Insurance Company Review– Is the John Hancock Life Insurance company the right fit for you? Deciding which life insurance company to purchase your policy from can be overwhelming, especially if you have any risk factors like a preexisting condition. Buying life insurance is a very important decision. If you’re looking for life insurance, there are several key factors to be mindful of during your search before choosing a company.

Want other company reviews? See our post here for the top life insurance companies.

One major aspect is to make sure you have sufficient coverage. This is to ensure that your beneficiaries or loved ones aren’t left hanging upon making final expense payments, continuing with living expenses, paying off debt, or finishing whatever is necessary in order to obtain the policy. 

Read our John Hancock Life Insurance review and find out.

John Hancock Life Insurance Company Review

You must make sure that, from a financial standpoint, the insurance carrier is stable and strong, and that they’ll have the ability to pay out a claim, if necessary.

The John Hancock Life Insurance Company is a highly regarded insurer with over 150 years of successful policyholder claim payouts.   

John Hancock Life Insurance Company History

Founded in 1862, the John Hancock Life Insurance Company has become one of the biggest financial service organizations in the United States. The organization is currently a part of the Manulife Financial Corporation, a prominent Canadian financial firm based in the U.S.A., Asia, as well as their home country.

Review of John Hancock Life Insurance

The John Hancock Life Insurance Company is a recognized brand worldwide. A recent tracking study by the GKF Brand revealed that the organization holds a high ranking for brand awareness with about 87% of American consumers.

John Hancock Life Insurance Company ReviewThe John Hancock Life Insurance Company has clients in 22 territories and countries globally.

Besides providing insurance products and financial services, the organization is environmentally conscious, and endeavors to give back to the communities it serves.

For customers of John Hancock who have an insurance or financial product, the customer service team is easy to get a hold of, via contact forms on their website, as well as a toll-free line.

Customer service experts are assigned to specific products in order to serve customers more knowledgeably.

John Hancock’s Financial Strength

Financially, John Hancock is quite stable and strong. By the end of 2015, the organization had a $255 million net income. At that same time, the total deposits and insurance premiums were approximately $15.4 million. Additionally, John Hancock held $388 billion in assets.

Because of its strong financial position and established reputation for punctual payouts of policyholder claims, John Hancock is rated quite highly by several insurer agencies.

John Hancock Life Insurance Ratings

  • A+ from AM Best – Superior (based on 13 ratings, the second highest score).
  • A1 from Moody’s – Low credit risk (based on 21 ratings, the fifth highest score).
  • AA- from Standard and Poor’s – Very strong (based on 21 ratings, the fourth highest score).
  • AA- from Fitch Ratings – Very Strong (based on 19 ratings, the fourth highest score).

Also of note: John Hancock is officially recognized by the BBB (the Better Business Bureau).

John Hancock Life Insurance Company – Products Offered

Being one of the principal providers of life insurance in the country, John Hancock’s vast selection of life insurance types and coverage gives you plenty of options.

Permanent Life Insurance

There is death benefit protection and a cash-value element with a permanent life insurance policy. Under this policy, the cash element lets the policyholder establish tax-deferred savings. As such, unless funds are withdrawn, there won’t be any tax due on the growth of these funds.

There are numerous kinds of permanent life insurance options to select. The most popular and oldest type of life insurance is whole life insurance. universal life insurance, index universal life and guaranteed universal life are also popular.

John Hancock’s IUL is one of the most competitive life insurance products in the when using your policy for accumulation of cash value and/or retirement income.

Term Life Insurance

This is the most economical kind of life insurance, as it provides just death benefit protection. There is no cash value connected to term life insurance, and therefore, it is usually much easier to afford than long-term insurance protection.

Coverage stays in force or a specific duration of time with term life insurance.

John Hancock provides various forms of term life insurance. Many of these offer the option to change the policy to a long-term insurance product, but under specific guidelines.

John Hancock Term Life Insurance Sample Quotes

John Hancock Term Life Insurance pricing samples below are based on 20-year term life insurance policy rates for healthy non-smoking man with a Preferred health class rating. Samples are based on Monthly Rates.

Age$100,000$500,000$1,000,000
30$11.92$25.08$37.87
40$14.84$30.54$54.25
50$27.04$76.26$144.33
60$63.98$210.52$404.08

John Hancock Life Insurance Company Details


Name(s): John Hancock Life Insurance Company of New York; John Hancock Life Insurance Company


Address:

197 Clarendon Street
Boston, MA 02116


Phone: 617-572-6000


Websitewww.johnhancockinsurance.com


Ratings:  A.M. Best (A+), Fitch (AA-), Moody’s (A1), Standard & Poor’s (AA-)

Is John Hancock the best company for you?

John Hancock is a great life insurance company. Are they the best company for you? That will depend on a variety of factors. Each life insurance company rates you differently. The best company for you will depend on your age, tobacco use, health, lifestyle and many more factors. That’s why we’ve put out dozens of reviews for all the major life insurance companies so you can find out all of their advantages and disadvantages. Companies like AAA, Progressive Life, Liberty Bankers Life, ING Reliastar are just a few of the carriers we’ve reviewed.

How to Obtain the Best Life Insurance Coverage & Quotes

When obtaining the most optimal life insurance coverage quotes, it is prudent to work with either an agency or company that provides access to more than one insurance carrier. The same goes for products. Do you want a policy with a medical exam or a no exam life insurance policy? What about life insurance riders to customize your policy?

When working with Life Insurance Blog you will have the ability to compare benefits, plans, and premium quotes directly. As such, you can then decide which is most beneficial for your specific requirements.

Final thoughts

If you are currently in search of the best policy for you, or have started comparing life insurance quotes, we are here to help you. We work with over 40 of the marketplace’s best life insurance companies in the USA. We’ll help you through the entire process. From getting accurate quotes, applying, and making sure you’re approved with the best company available for you.

When you are ready to begin, simply complete the life insurance quote form on this page. You can also call us directly at 888-411-1329 and we’ll help you right away.

Thank you for reading our post, John Hancock Life Insurance Company Review. Please leave us a comment or question below. To learn more about life insurance, make sure to visit our page Life Insurance 101 or find out how much you may end up paying for coverage on our Life Insurance Payout Amount page

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Michael Quinn

Michael Quinn is the owner of Life Insurance Blog. If you have specific questions or face challenges getting coverage. Please email or call me a call at 888-411-1329 - Either way, I'm happy to help you.

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