Offering your clients a lump-sum, income tax-free1 payment that's separate from — and in addition to — their life insurance benefit. Now available on Protection IUL and Accumulation IUL, this living benefit can help protect your clients throughout their working years from the financial burden associated with a critical illness event such as heart attack, cancer or stroke.
The Critical Illness Benefit Rider provides a one-time lump sum benefit for covered critical illnesses subject to eligibility requirements. The benefit will not be paid for critical illnesses initially diagnosed before the rider effective date or during the waiting period. See the product producer guide for additional details. The rider is not available in all states and state variations may apply.
This material does not constitute tax or legal advice and neither John Hancock nor any of its agents, employees or registered representatives are in the business of offering such advice. You should consult with your own tax advisor.
Insurance policies and/or associated riders and features may not be available in all states. Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02210 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.