LifeCare: A hybrid IUL with LTC benefits that delivers more


John Hancock's LifeCare offers clients a new approach to longevity planning by helping them live well today, maintain their independence, and financially protect their future. In short, it's a powerful solution designed to deliver more when it's needed most.
 

LifeCare: A hybrid IUL with LTC benefits that delivers more


John Hancock's LifeCare offers clients a new approach to longevity planning by helping them live well today, maintain their independence, and financially protect their future. In short, it's a powerful solution designed to deliver more when it's needed most.
 

More flexibility in Longevity planning is essential for your clients and your business

Without a formalized strategy, your clients could face a number of risks in retirement, such as:

 

  • Depleting their income and assets
  • Burdening their loved ones
  • Limiting their care options

As a trusted financial professional, addressing longevity with your clients is essential for preserving their financial well-being and your business model.

Creating a plan for a more secure future

John Hancock Vitality PLUS is available for this product
LifeCare is approved in all states except: CA, CT, DC, DE, GU, IN, MT, NJ, NY, PR and SC.

LifeCare from John Hancock empowers clients to live well today while being prepared for the financial, physical and emotional consequences of requiring care as they age. With the flexibility to adapt as life evolves, LifeCare is designed to deliver more when it’s needed the most, in the following ways:

More growth

Offers potential for greater death benefit protection and long-term care (LTC) when they are more likely to be needed.

More choice

Approved claims can be paid on a cash indemnity or reimbursement basis - or some combination of these depending on the situation.

More healthy days

Clients can increase their death benefit through participation in John Hancock Vitality PLUS.

More tax-favored treatment

Designed to receive favorable tax treatment as a 7702B qualified long-term care insurance product - both cash indemnity and reimbursement benefits are designed to be income tax- free.*

More experience

John Hancock has more than 160 years of strength and stability in the life insurance business.

*Life insurance death benefit proceeds are generally excludable from the beneficiary’s gross income for federal income tax purposes. There are a few exceptions such as when a life insurance policy has been transferred for valuable consideration and in addition, state and estate taxes may apply in certain instances. The long-term care benefits are designed to be excludable from gross income under federal tax law; however, there might be situations in which the benefits or premiums for these riders are taxable.

Watch the webinar series to learn more

LifeCare: A hybrid IUL with LTC benefits solution that delivers more

LifeCare's seamless submission process — pro tips for sales success

Contact your dedicated John Hancock LifeCare sales support team at 844-544-5433 or jhlifecare@jhancock.com to learn more.

What to expect next

 

Once you submit your information, a member of our dedicated LifeCare sales support team will reach out to you to offer personalized assistance and answer any questions.

FOR AGENT USE ONLY. THIS MATERIAL MAY NOT BE USED WITH THE PUBLIC. 

Guaranteed product features are dependent upon minimum premium requirements and the claims-paying ability of the issuer. 

The LifeCare Long-Term Care rider and the LifeCare Long-Term Care Inflation rider accelerate the death benefit for approved long term care expenses and, depending on the benefit period selected, may also offer an extension of long term care benefits after the death benefit has been fully accelerated. When the death benefit is accelerated for long-term care expenses, it is reduced dollar for dollar, and the cash value is reduced proportionately. The riders have a maximum monthly benefit amount and are subject to underwriting. There are additional fixed premiums associated with these riders. The riders have exclusions and limitations, reductions of benefits, and terms under which it may be continued in force or discontinued. Consult the state specific Outline of Coverage for additional details. 

Comments on taxation are based on John Hancock’s understanding of current tax law, which is subject to change. No legal, tax or accounting advice can be given by John Hancock, its agents, employees or licensed agents. Prospective purchasers should consult their tax professional for details. 

Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock. John Hancock Vitality Program rewards and discounts are available only to the person insured under the eligible life insurance policy, may vary based on the type of insurance policy purchased and the state where the policy was issued, are subject to change and are not guaranteed to remain the same for the life of the policy. To be eligible to earn rewards and discounts by participating in the Vitality program, the insured must register for Vitality and in most instances also complete the Vitality Healthy Review (VHR).

Insurance policies and/or associated riders and features may not be available in all states. Some riders may have additional premiums and expenses associated with them. 
The insured is financially responsible to their care providers, including charges not covered by the LifeCare Long-Term Care rider or LifeCare Long-Term Care Inflation rider. 
 

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