Tuesday, May 02, 2006

 

John Hancock Introduces New Lapse Protection Survivorship Universal Life Insurance Policy

John Hancock has introduced a new survivorship universal life insurance policy, Protection SUL-G(1). The product is designed for clients who need competitively priced, lifetime guaranteed death benefit coverage for two lives. The policy is priced and designed using the 2001 CSO mortality table, which allows for an extension of the premium paying period and death benefit guarantee duration to age 121 of the younger insured. This flexibility often results in the most affordable premium possible.

John Hancock Introduces New Lapse Protection Survivorship Universal Life Insurance Policy
Source: PR Newswire

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