John Hancock Insurance Launches Product For Underserved Segment of Indexed UL Market

- Protection IUL Often Provides Lowest-Cost Indexed Universal Life Premiums In Industry

- Expands Choices For Consumers And Producers

Feb 13, 2013, 10:00 ET from John Hancock Financial

BOSTON, Feb. 13, 2013 /PRNewswire/ -- John Hancock Insurance has launched Protection Indexed UL (IUL), which is designed to provide some of the most affordable indexed universal life premiums in the industry.

"While most Indexed UL products focus on cash value accumulation, John Hancock's new Protection IUL takes a different approach," said Michael Doughty, President and General Manager, John Hancock Insurance. "It combines the upside potential of Indexed UL with the benefit of some of the lowest premiums in the industry. The addition of Protection IUL provides more sales opportunities for advisors and more IUL choices for consumers."

Similar to its companion product, Accumulation IUL, Protection IUL offers highly competitive allocation options across the risk-reward spectrum. Whether clients are focused on accumulating cash values or more concerned about low-cost death benefit protection, John Hancock now has an Indexed UL product to meet their needs.

"John Hancock's newly expanded Indexed UL portfolio further demonstrates our commitment to delivering distinctive products that provide real value to the customer," said Mr. Doughty.

About John Hancock Financial and Manulife Financial Corporation
John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation 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 C$532 billion (US$535 billion) as at December 31, 2012. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at

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 life insurance, annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at, and on Facebook, Twitter, Linkedin and YouTube.

Insurance policies and/or associated riders and features may not be available in all states.

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

Insurance products are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.

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SOURCE John Hancock Financial