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The term “perfect storm” will cause most to think about a confluence of extremely challenging events that are greater than the sum of their parts. Fortunately,\u00a0John\u00a0Hancock’s launch of SmartProtect Term with Vitality represents a perfect storm of a\u00a0different sort. When combined with the\u00a0newly updated Term with Vitality pricing, clients have a broad spectrum of “pure protection” products to choose from and an easier than ever underwriting process for those who value their time over saving a few dollars. Read on for the details.<\/p>\n
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SmartProtect Term with\u00a0Vitality Underwriting:<\/strong><\/p>\n SmartProtect Term uses a new, streamlined underwriting process that eliminates the need for an exam, fluids and medical records for healthy clients who meet program qualifications:<\/p>\n<\/div>\n Illustrations are currently available in John Hancock Illustrator ONLY. Illustrative capability on WinFlex Web and other quote engines is expected in the coming weeks.<\/p>\n May 27, 2016<\/span><\/span><\/p>\n The current John Hancock Term with Vitality (\u201815) product will no longer be offered June 24, 2016<\/span><\/span><\/p>\n All John Hancock Term with Vitality (\u201815) pending applications must complete the formal underwriting process, and all administrative requirements to issue the policy must be received by John Hancock by June 24, 2016<\/span><\/span>.<\/p>\n Should you already have an application in New Business and wish to have a John Hancock Term with Vitality (\u201816) policy underwritten, please contact your Case Manager. Please see the formal communication from John Hancock<\/a> for additional details.<\/p>\n\n
This simple, three step process can result in approvals in as little as 2 business days! For more on the SmartProtect underwriting process, please see the following:<\/div>\n\n
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\nIllustrations:<\/strong><\/p>\n
\nAdditional Details:<\/strong><\/p>\n<\/div>\n\n
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\nJohn Hancock Releases Updated Term with Vitality Pricing<\/strong>In concert with the release of SmartProtect Term with Vitality comes an update to the existing Term with Vitality product, adopting the 2016 pricing with the addition of the Vitality program. This change includes both price decreases and increases.<\/p>\n
\nTerm with Vitality Transition Rules:<\/strong><\/p>\n
\nin states that have approved the new John Hancock Term with Vitality (\u201816) product. However, in order to provide a transition period in approved states, John Hancock Term with Vitality (\u201815) applications will be accepted through May 27, 2016<\/span><\/span>.<\/p>\n
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