John Hancock Insurance has launched Protection Indexed UL (IUL), designed to provide affordable indexed universal life premiums.
John Hancock says that, similar to its companion product, Accumulation IUL, Protection IUL offers allocation options across the risk-reward spectrum. Whether clients are focused on accumulating cash values or more concerned about low-cost death benefit protection, John Hancock now has an Indexed UL product to meet their needs.
"While most Indexed UL products focus on cash value accumulation, John Hancock's new Protection IUL takes a different approach," says Michael Doughty, president and general manager, John Hancock Insurance. "It combines the upside potential of Indexed UL with the benefit of some of the lowest premiums in the industry. The addition of Protection IUL provides more sales opportunities for advisors and more IUL choices for consumers."
