For clients seeking strong cash value growth potential and overall versatility, our new Accumulation IUL continues to help you stand out by offering:
Significant improvements in pay-to-retirement cases — giving clients an even better supplemental income solution
Strong income in short-pay designs — especially attractive for premium-finance cases
Updated Cash Value Enhancement rider — offering lower charges that lessen long-term policy drag
Increased IUL account parameters — allowing for greater cash value growth potential
Opportunity to further improve income— with John Hancock Vitality PLUS, clients can further improve income for the everyday things they do to live longer, healthier lives
State approvals Accumulation IUL 24 is approved in all states except Guam.
Transition rules
September 20, 2024
If seeking an informal offer — the John Hancock home office must receive an Accumulation IUL 23 illustration signed by the insured and owner, and a tentative underwriting decision must be obtained by this date.
If seeking a formal offer — the John Hancock home office must receive an Accumulation IUL 23 application signed by the insured and owner by this date. An illustration on the case is also required.
For a term conversion — the John Hancock home office must receive a term-conversion application signed by the insured and owner by this date.
Note: the John Hancock home office must receive an Accumulation IUL 23 application signed by the insured and owner and a signed illustration, in addition to a fully executed New York Definition of Replacement (NB4082NY), Notification and Authorization form (NB4084NY) and Important Notice Regarding Replacement (NB4081NY) by this date.
October 25, 2024 deadline:
By this date, John Hancock must have provided a final underwriting offer, received all administrative requirements to issue the policy and received confirmation to proceed with the 1035 Exchange (if applicable).
FOR AGENT USE ONLY. THIS MATERIAL MAY NOT BE USED WITH THE PUBLIC.
Some riders may have additional fees and expenses associated with them.
Insurance policies and/or associated riders and features may not be available in all states. Loans and withdrawals will reduce the death benefit, cash surrender value, and may cause the policy to lapse. Lapse or surrender of a policy with a loan may cause the recognition of taxable income. Policies classified as modified endowment contracts may be subject to tax when a loan or withdrawal is made. A federal tax penalty of 10% may also apply if the loan or withdrawal is taken prior to age 59 1/2.
Insurance products issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.
