Tuesday, January 31, 2006
John Hancock Introduces New Accumulation Variable Universal Life Product
John Hancock has launched Accumulation VUL, a variable universal life policy that offers superior cash values and retirement income potential to pre-retirees, especially those who are maximizing contributions to their qualified retirement plans, but still face a retirement income shortfall. Policyholders can choose from a broad array of underlying investment accounts that represent nearly every major asset class and investment style, or opt for the simplicity and automatic diversification offered by John Hancock Lifestyle Portfolios. Accumulation VUL offers tax-deferred growth of policy values and tax-favored treatment of policy withdrawals.(1) The policy also offers a 20-year no lapse guarantee (through issue age 55) and zero net cost loans, and an optional rider that protects clients who access their policy cash values for retirement income, if they inadvertently incur policy debt greater than the policy's total face amount.(2)
John Hancock Introduces New Accumulation Variable Universal Life Product
Source: PR Newswire
John Hancock Introduces New Accumulation Variable Universal Life Product
Source: PR Newswire
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