Underwriting & Product Overview
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John Hancock Simple Term with Vitality with ROP Best/moderate risk class term life insurance — select agents
Carrier
JJohn Hancock Life Insurance Company, U.S.A.
Issue age
Age 20-50 (age last)
Coverage amounts
$25,000–$500,000
Age 20–50: 25 year Age 20–45: 30 year Renewable through age 94
Term length
Premiums
Level for specified term period
States available
Not available in New York
Payment options
ACH
Application questions and third-party evidence checks. 100% instant decision.
Underwriting criteria
Preferred Non-Smoker Standard Non-Smoker
Underwriting classes
Please see the Simple Term with Vitality Underwriting Guide for detailed condition-specific ratings, disqualifying occupations, and knockout conditions.
Average customer profile
Replacements
Unavailable
Annual policy fee
$72 (included in premium, non-commissionable)
Return of Premium (ROP) Rider: Returns up to 100% of premiums paid by the end of the level term period. 1 Vitality PLUS: Clients can earn rewards and discounts for the everyday steps they take to live a longer, healthier life. 2 Accelerated Benefit rider: Provides access to 50% of the death benefit if the insured is certified to be terminally ill with a life expectancy of one year or less.
Available riders & perks
1 The Return of Premium (ROP) rider allows for a return of a portion of the premiums at the end of the level term period or earlier if the policy is terminated prior to that point. The ROP benefit will begin as early as the second policy anniversary and the percentage of premiums available to be returned increases gradually over the term duration to a maximum of 100% at the end of the level term period. The ROP Rider is only available for term durations 25 and 30 and only for Standard or Preferred Non Tobacco risk classes. There is an additional cost for this rider. 2 Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock. The John Hancock Vitality Program allows members to earn rewards based on healthy activities. Vitality Program rewards and discounts are available only to the person insured under the eligible life insurance policy, are subject to change and are not guaranteed to remain the same for the life of the policy. John Hancock Vitality Program rewards and discounts are only available to the person insured under the eligible life insurance policy. Products or services offered under the Vitality Program are not insurance and are subject to change. There may be additional costs associated with these products or services and there are additional requirements associated with participation in the program. For more information, please contact the company at JohnHancockInsurance. com or via telephone at 888-333-2659.
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