Can I Get Life Insurance?

Life Insurance with John Hancock: 2025 Review and Online Alternatives

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by

Ryan Bodine
in

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John Hancock life insurance has been a trusted name for generations, known for its financial strength, flexible policy options, and wellness-based rewards through its Vitality program. In this John Hancock life insurance review, we’ll look at what the company offers — including policy types, living benefits, and potential drawbacks — and how it compares to today’s top online life insurance alternatives. Whether you’re exploring traditional coverage or considering a faster, digital approach, understanding how John Hancock fits into the broader life insurance market can help you make a confident decision.

John Hancock Overview

John Hancock offers both term and permanent life insurance policies, with a focus on flexibility and wellness incentives.

✅ Strengths:

  • Financially strong and well-established
  • Offers the Vitality Program (discounts for healthy activity)
  • Broad range of policy options

⚠️ Limitations:

  • Typically requires a full medical exam
  • Can involve longer application times
  • Pricing can be higher than newer online carriers

Policy Types

Policy Type Description Who It’s Best For
Term Life Insurance Coverage for a set period (10–30 years). Fixed premiums and death benefit. Convertible to permanent coverage within the policy’s conversion window. Budget-minded families who want straightforward, temporary protection.
Universal Life (UL) Flexible premiums and adjustable death benefit. Cash value grows at a declared interest rate; can be used to supplement retirement income. People seeking long-term coverage with the ability to change premium and benefit levels.
Indexed Universal Life (IUL) Cash-value growth linked to a stock-market index (such as the S&P 500) with downside protection. Offers upside potential without direct market investment. Those wanting permanent protection and potential for higher, index-based cash-value growth.
Variable Universal Life (VUL) Investment-driven policy where cash value is invested in sub-accounts (similar to mutual funds). Value can rise or fall with market performance. Experienced investors comfortable with market risk who want tax-deferred growth and lifelong coverage.
❌ Whole Life Insurance John Hancock does not currently offer a traditional participating whole-life policy. Permanent options are focused on Universal, Indexed, and Variable Universal Life products. — N/A —

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Living Benefits

John Hancock includes Accelerated Death Benefit Riders that allow access to part of your benefit if diagnosed with a terminal illness.

Some permanent policies also offer cash value accumulation, which can be borrowed against in the future.

How It Compares to Online Life Insurance Options

While John Hancock has strong name recognition, newer online brokers and insurers often make applying simpler — no medical exams, instant decisions, and transparent quotes.

✅ Benefits of Online Life Insurance

  • Fast digital applications
  • No paperwork or phone calls
  • Instant quotes from multiple top carriers
  • Many offer built-in living benefits or simplified underwriting

If you value convenience, speed, and comparing multiple carriers side by side, an online life insurance platform might offer a smoother experience.

Bottom Line

John Hancock is a respected name with solid financials and great features for those who prefer traditional service. But if you’re looking for faster, easier, or more affordable coverage — exploring today’s top online life insurance options may save you time and money.

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Frequently Asked Questions

Is John Hancock a good life insurance company?
John Hancock is a long-standing insurer with strong financial strength ratings and a broad lineup of term and permanent policies. Whether it’s the best fit for you depends on price, underwriting fit, and the features you value most.
What types of life insurance does John Hancock offer?
Typically: Level Term (various durations), universal life (including indexed options), and whole life. Optional riders vary by product and state.
Does John Hancock include living benefits?
Many policies include an accelerated death benefit for terminal illness; some allow optional riders for chronic or long-term care needs. Availability and costs depend on the policy and state.
How competitive are John Hancock’s rates?
Rates are generally competitive, especially for certain health classes and term durations. The best price for you will depend on age, health, lifestyle, and selected riders—so it’s smart to compare quotes from multiple carriers.
Do I need a medical exam?
Some applicants may qualify for accelerated or simplified underwriting, while others will require a paramed exam and labs. Eligibility depends on age, coverage amount, and your health profile.
How strong are John Hancock’s financial ratings?
The company historically maintains strong ratings from major agencies, indicating solid claims-paying ability. Exact ratings can change—check current agency reports when applying.
Can I convert my John Hancock term policy to permanent coverage?
Most term policies include a conversion option for a limited period. This lets you switch to a permanent policy without a new medical exam, subject to the policy’s rules.
Is John Hancock friendly to smokers or certain health conditions?
Underwriting varies by condition and tobacco use. Some health histories price better with other carriers, so comparison shopping is important if you smoke or have medical issues.
How do claims work?
Beneficiaries submit a claim form, death certificate, and policy details. Once approved, the insurer pays the death benefit according to the payout option selected.
Should I buy directly or use a broker?
A broker can compare multiple insurers and underwriting guidelines to help match you with the best fit and pricing. Buying direct may be convenient but limits your comparison options.

Disclaimer: Not affiliated with or endorsed by John Hancock Life Insurance Company. Information is for educational purposes only.

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