John Hancock Launches Simplified Life - Easy Issue VUL Policy

BOSTON, Aug. 13, 2014 /PRNewswire/ -- John Hancock Insurance today announced the launch of Simplified Life, providing a quick and easy solution to help clients meet their protection and wealth planning goals.

Simplified Life is designed for consumers seeking the protection, cash value accumulation potential, flexibility and tax advantages offered by a variable universal life insurance policy – with the convenience of a quick-to-issue application process.  In fact, with the product's streamlined and transactional sales process, clients are not required to undergo a medical exam or tests -- and most policies will be issued in eight days or less.

"With over 75 million American families relying on life insurers' products for their financial and retirement security, John Hancock Insurance is committed to providing innovative solutions to help Americans grow and protect their assets," said Mike Doughty, President, John Hancock Insurance.  "Simplifying the application process and streamlining the sales process with Simplified Life, helps more consumers meet their financial goals and provides advisors, especially those who have traditionally not sold life insurance, with an opportunity to grow and diversify their business."

Simplified Life is ideally suited for clients looking for an alternative solution that will offer protection for their families, while providing additional cash value accumulation potential to help supplement retirement income, fund college education or meet business planning needs.  Policyholders can choose from a diversified range of underlying investment accounts that represent nearly every major asset class and investment style, or opt for the simplicity and automatic diversification offered by John Hancock's Lifestyle MVP Portfolios.

Advisors can access marketing materials as well as run through the easy 3-step sales process from jhsimplifiedlife.com.

Source: ACLI Facts About Life Insurance, February 14.

Insurance policies and/or associated riders and features may not be available in all states. Refer to the product prospectus for additional information.

Allocating net premiums to a Lifestyle MVP Portfolio is designed to help reduce the market volatility that one may experience through the allocation of premiums to only one or a small number of investment options. There are risks associated with any investment, and it is possible to lose money by investing in the Lifestyle MVP Portfolios.

Loans and withdrawals will reduce the death benefit, cash surrender value, and may cause the policy to lapse. Lapse or surrender of a policy with a loan may cause the recognition of taxable income. Policies classified as modified endowment contracts may be subject to tax when a loan or withdrawal is made. A federal tax penalty of 10% may also apply if the loan or withdrawal is taken prior to age 59½.

Variable universal life insurance has annual fees and expenses associated with it in addition to life insurance related charges (which differ with the product chosen), including surrender charges and investment management fees. Variable universal life insurance products are long-term contracts and are sold by prospectus.  They are subject to market risk due to the underlying sub-accounts, and are unsuitable as a short term savings vehicle. The primary purpose of variable universal life insurance is to provide lifetime protection against economic loss due to the death of the insured person.  Cash values are not guaranteed if the client is invested in the investment accounts.  There are risks associated with each investment option, and the policy may lose value.

Please contact 1-800-827-4546 to obtain product and fund prospectuses (for New York, contact 1-877-391-3748, option 4).  The prospectuses contain complete details on investment objectives, risks, fees, charges and expenses as well as other information about the investment company. Please read the prospectuses carefully containing this and other information on the product and the underlying portfolios and consider these factors carefully before investing.

The life insurance policy describes coverage under the policy, exclusions and limitations, what you must do to keep your policy inforce, and what would cause your policy to be discontinued.  Please contact your licensed agent or John Hancock for more information, costs, and complete details on coverage.  Availability of policies, features, and benefits may vary by state.

The Lifestyle MVP Portfolios in John Hancock Trust described above are not mutual funds available to the retail public and are only available under John Hancock's variable annuity contracts or variable life insurance policies or through participation in certain tax-qualified retirement plans. The investment advisor of the Lifestyle MVP Portfolios also manages mutual funds available to the retail public with similar names and investment objectives. No representation is made, and no assurance is given, that any Lifestyle MVP Portfolio's investment results will be comparable to the investment results of any other fund, including retail mutual funds with the same investment advisor. Past performance is no guarantee of future results.

About John Hancock Financial and Manulife
John Hancock Financial is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies 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 and its subsidiaries were C$637.3 billion (US$596.9 billion) as at June 30, 2014. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.

John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.

Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02117 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595 and securities offered through John Hancock Distributors LLC, through other broker/dealers that have a selling agreement with John Hancock Distributors LLC, 197 Clarendon Street, Boston, MA 02117. MLINY080814015

Policy Form Series:
ICC14 14SLVUL
14SLVUL

SOURCE John Hancock Insurance