John Hancock Life Insurance Company is an A+ rated company founded in 1862 and wholly owned by the Canadian insurance company, Manulife Financial. John Hancock has competitive underwriting for a variety of health profiles. They are also the first life insurance company to introduce a life insurance policy linked to wellness and lifestyle (the John Hancock Vitality Program, which comes with a free Fitbit).
John Hancock is a long-time reputable life insurance company. They tend to be more competitive in underwriting men versus women (i.e., their male rates are more competitive versus other carriers). John Hancock is also good for applicants with certain health histories, including recent weight loss or former tobacco use. The company is also leading the charge on fitness tracker engagement with life insurance, although the jury is out on whether that actually results in the best-in-market rates for applicants.
2 of 5
John Hancock ranked #1 among the top 10 at the 2013 Stevie® Awards for Sales & Customer Service. The company also received the 2016 Model Insurer Award for excellence in innovation and emerging technology and the 2016 IFCA Award of Excellence for policyholder communications.
Each insurer approaches health conditions differently. One insurer might ignore a heart attack from a few years ago, whereas a different insurer might rate you as a higher risk for the same thing. Here are the details of how John Hancock treats a variety of common health conditions from an underwriting perspective.
|Recent Weight Loss||Excellent|
|Former Tobacco Use||Excellent|
|High Blood Pressure||Excellent|
Excellent - Above average; company provides excellent coverage for clients with this condition.
Good - Spot on; company doesn’t look at this condition unfavorably in underwriting.
Fair - Could use some work; clients with this condition may be issued a lower health rating, and subsequently higher rates than other insurers.
After you're a policyholder
Quote for: $500,000, 20-year term life insurance policy for healthy, nonsmoking individuals, in California, monthly premiums
|Company||Plan||Male - Age 30||Male - Age 40||Male - Age 50||Female - Age 30||Female - Age 40||Female - Age 50|
|Mutual of Omaha||Term Life Answers||$21.66||$33.47||$85.53||$23.41||$28.66||$64.09|
|Pacific Life||Pacific PROMISE Term||$20.84||$29.59||$77.09||$19.18||$26.68||$61.67|
|Protective||Custom Choice UL||$20.37||$28.91||$76.82||$17.93||$25.25||$55.75|
|Protective||Classic Choice Term||$20.21||$28.38||$75.68||$17.63||$25.94||$55.47|
|Prudential||Return of Premium Term||$101.00||$143.62||$291.99||$88.12||$130.04||$253.37|
|SBLI||Level Premium Term||$21.32||$40.05||$96.06||$24.48||$34.71||$65.87|
Annual Payment Discount
Payment methods available
Check; Auto bank draft; No credit cards accepted
Is coverage available without a medical exam?
What is the rule for converting the policy?
The policy is convertible during the first 10 years of the policy, or until age 70 (whichever comes first).
Is temporary coverage available?
Yes, up to $1,000,000.
Riders are additions to your overall life insurance policy that turn a basic life insurance policy into something that covers more circumstances.
Disability Income Rider
If you become totally disabled as a result of a qualifying event, you will not have to pay premiums for a fixed period of time.
Accelerated Death Benefit Rider
Allows you to receive a portion of the death benefit if you are diagnosed with a qualifying terminal illness.
This policy, like all term life policies offered on our site, provides life coverage for a specific period of time (the term). The key features of this policy are standard across all the term policies we offer:
The review on this page is only for this company's term life insurance products.