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John Hancock Life Insurance
- Rated 4 stars out of 5 by NerdWallet.
- Offers discounts and rewards for healthy living.
- Fewer than the expected number of complaints for a company of its size.
One of the 10 largest life insurance companies in the U.S., John Hancock offers a mix of term and permanent life indemnity. It ’ s unique for its health programs. Vitality rewards healthy behavior with Amazon.com discounts, barren subscriptions and savings on fresh produce, while Aspire gives diabetics resources to lead healthier, more active lifestyles .
But it doesn ’ metric ton back on-line quotes, so you ’ ll want to contact an adviser to start the application process .
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Your class is singular — your life sentence indemnity should be, besides .
John Hancock life insurance
John Hancock earned 4 stars out of 5 for overall operation. NerdWallet ’ mho ratings are determined by our editorial team. The scoring formula takes into account consumer feel, complaint data from the National Association of Insurance Commissioners and fiscal force ratings .
» MORE: Best life indemnity companies
John Hancock life insurance pros and cons
|Healthy living discounts and rewards.||No online quotes.|
|Long list of riders available.||Doesn’t offer whole life insurance.|
|Generous policy limits.|
John Hancock life insurance policies
John Hancock sells both term and permanent wave life policy. To get a quote or apply for a policy, you ’ ll want to contact an adviser through the site .
Term life insurance. If you ’ re in the market for a impermanent policy, John Hancock offers terminus life insurance lasting 10, 15, 20 or 30 years. You can get $ 750,000 to $ 65 million in coverage and in most cases, you ’ ll be asked to take a medical examination .
Permanent life insurance. John Hancock sells universal joint life policy, variable universal life insurance and index universal animation policy, with coverage ranging from $ 50,000 to $ 65 million. These policies last your whole life, and build cash value over time at different interest rates. Once you ’ ve accumulated enough cash value, you can begin to borrow against your policy .
John Hancock has two wellness-focused programs for policyholders :
Vitality. When you buy a policy, you can enroll in Vitality Go, which works by tracking your data from a wearable device like a FitBit. As you reach specific health goals, like walking a certain number of steps per day, the insurance company will reward you with discounts on sites like REI a well as grocery store savings .
You can besides sign up to Vitality Plus for a tip. Along with offering discounts and give cards, this program allows you to save up to 25 % on your annual premium as you make progress with your health goals .
Aspire. John Hancock ’ mho Aspire program is designed for people with Type 1 and Type 2 diabetes. It gives you access to a diabetes management app and health coaching, and rewards you for exercising regularly and eating healthily with a premium discount of up to 25 % .
» MORE: Life policy for diabetics
Available riders and add-ons
Depending on your policy and where you live, you can customize your coverage with these riders :
- Accelerated death benefit rider .
- Cash rate enhancement rider .
- critical illness profit rider.
- Disability payment of specified bounty rider .
- Estate preservation rider .
- Long-term care insurance rider .
- healthy date rider ( Vitality Plus ) .
- Overloan security rider .
- policy rent option rider .
- Return of premium rider .
- total disability release rider .
- unemployment protection rider .
John Hancock complaints and customer satisfaction
Over three years, John Hancock drew fewer than the ask issue of complaints to country regulators for a company of its size, according to NerdWallet ’ s analysis of data from the National Association of Insurance Commissioners .
John Hancock ranked 8th out of 21 companies in J.D. Power ’ s 2021 U.S. Individual Life Insurance Study, which assesses overall customer satisfaction .
» MORE: Compare biography insurance quotes
More about John Hancock
You can manage your policy, make payments and update your life indemnity beneficiaries by logging into the on-line portal vein .
In addition to life sentence insurance, John Hancock offers early fiscal products and services, including :
- College savings plans .
- investment management, including socially creditworthy investment plans .
- Retirement advice .
Life insurance buying guide
Before you start comparing companies, choose the type of life policy you want, such as term or hale liveliness. Decide which life sentence insurance riders, if any, you want the policy to include. Calculate how much life policy you need and how long you want the coverage to last. Check that the insurers you ’ ra considering offer the coverage you ’ rhenium looking for .
When comparing rates, be sure the quotes are for the same come of coverage over the same period of clock time. It ’ south besides important to make sure the policy ’ s medical requirements match your needs. For example, if you want to skip the life sentence insurance checkup examination but don ’ thymine mind answering health questions, confirm that the application serve for each policy you ‘re comparing aligns with that.
price may not be the biggest driver behind your decisiveness to buy. Look at the number of consumer complaints each party receives, as high numbers can be a red flag about the quality of service .
For more steering, see our life insurance buy guide .
Life insurance ratings methodology
These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our
Insurer complaints methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. Ratios are determined separately for auto, home (including renters and condo) and life insurance.
NerdWallet ’ s life insurance ratings are based on consumer feel, charge index scores from the National Association of Insurance Commissioners for individual animation insurance, and weighted averages of fiscal force ratings, which indicate a company ’ sulfur ability to pay future claims. Within the consumer experience class, we consider ease of communication and web site transparency, which looks at the depth of policy details available on-line. To calculate each insurance company ’ sulfur rat, we adjusted the scores to a curved 5-point scale.These ratings are a scout, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our column guidelines NerdWallet examined complaints received by state indemnity regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each auxiliary, measuring its partake of full complaints relative to its size, or share of total premiums in the industry. To evaluate a company ’ s ailment history, NerdWallet calculated a exchangeable index for each insurance company, weighted by marketplace shares of each subordinate, over the three-year period. Ratios are determined individually for car, home plate ( including renters and condominium ) and life policy .