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property for sale in turks and caicos islands
News and Information Article
Extremely competitive lifetime guarantees and premiums
Ideal for business planning and wealth transfer needs
BOSTON, May 1 /-FirstCall/ -- 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.
Protection SUL-G also offers the flexibility to specify the duration of
the death benefit guarantee -- from 15 years to lifetime, ensuring that
clients will pay only for the protection they need. Protection SUL-G is
useful in business planning and wealth transfer situations, such as the
equalization of inheritances and providing liquidity to fund the transfer
of a closely-held business.
In addition to its design flexibility and competitive lifetime
premiums, Protection SUL-G offers a variety of riders(2) and features that
further address business and personal insurance needs:
* Return of Premium rider -- helps ensure that there is sufficient death
benefit coverage to repay premium finance loans as well as provide for
the insureds heirs.
* Estate Preservation rider -- provides additional coverage during the
first four policy years to protect the policy from inclusion in the
estate if death occurs within three years of a transfer to a trust.
* Policy Split option -- allows the policy to be split into two equal,
permanent single life policies if the couple divorces or if tax laws
change.
"Protection SUL-G is a perfect solution for clients who want the
security of lifetime guarantees at an affordable premium," says Steve
Finch, Senior Vice President, John Hancock Life Insurance. "Its a great
choice for clients who need to provide for family or business financial
obligations, and also ideal for financial advisors who are looking for a
flexible solution to their clients needs."
About John Hancock and Manulife Financial
John Hancock is a wholly-owned subsidiary of Manulife Financial
Corporation, a leading Canadian-based financial services group serving
millions of customers in 19 countries and territories worldwide. Operating
as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers clients a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds
under management by Manulife Financial and its subsidiaries were Cdn$372
billion (US$319 billion) as at December 31, 2005.
Manulife Financial Corporation trades as MFC on the TSX, NYSE and
PSE, and under 0945 on the SEHK. Manulife Financial can be found on the
Internet at http://www.manulife.com
The John Hancock unit, through its insurance companies, comprises one
of the largest life insurers in the United States. John Hancock offers a
broad range of financial products and services, including universal life
insurance, variable life, term life and whole life, as well as college
savings products, fixed and variable annuities, long-term care insurance,
mutual funds, 401(k) plans and various forms of business insurance.
Insurance products are issued by: John Hancock Life Insurance Company
(U.S.A.), 197 Clarendon Street Boston, MA 02116.
(1) Products and features may not be available in all states.
(2) Riders may have additional costs.
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property for sale in turks and caicos islands |
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