Retention limits increases on permanent life insurance products by J. Hancock
Limit for individual life insurance products will be increased to as much as $30 million and the limit for survivorship life insurance products will be improved to as much as $35 million.
John Hancock Life Insurance said it has considerably increased the retention limits on its permanent life insurance products.
The retention limit for individual life insurance products will be increased to as much as $30 million and the limit for survivorship life insurance products as much as $35 million will be increased too.
“John Hancock is leveraging its key strengths some of the highest financial strength ratings in the business and strong capital levels along with industry-leading underwriting to offer customers more coverage to improved meet their estate, retirement and business planning requirements,” said Steve Finch President of John Hancock Life Insurance.
Finch added that John Hancock provides producers and their customers with the expediency of a single carrier to secure more or all of their life insurance coverage.
“This increase in retention limits shows John Hancock’s ongoing commitment to meeting the goals of the high-net-worth market, and the company’s focus on continually positioning ourselves to better serve the needs of our customers.”
Death is every man’s final critic. To die well you must live bravely. — Edward Abbey
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