New Life Insurance
Innovation For
The Small Business Owner

 

In BOSTON, on May 27th, 2004 John Hancock introduced a new, highly competitive variable universal life policy for small- to mid-sized businesses, called Performance Executive Variable Life (VL).* The product focuses on high early cash values and offers strong cash value accumulation. It has an outstanding selection of investment options, and benefits and features that are among the most comprehensive in the industry.

"John Hancock is committed to delivering products that lead the market in price, performance, customer service and quality," says James M. Benson, senior executive vice president at John Hancock. "We want to be the top provider of protection products in the United States. Performance Executive VL expands our top-performing product portfolio, and offers an excellent solution to meet the needs of businesses and individuals." 

Performance Executive VL is designed for both multi-life and individual cases, and clients who are willing to assume market risk with their insurance and non-qualified benefit funding. The product provides immediate death benefit protection along with an excellent means for funding non-qualified deferred compensation and bonus plans for key employees. It also is appropriate for business succession planning. Individuals looking to generate supplemental retirement income and provide income for estate liquidity or a surviving heir will find the product attractive as well. The product offers key features to meet business' unique requirements, including: 

 Performance Executive VL has a minimum face amount requirement of $100,000. For producers, the product offers attractive compensation. The product is administered on a state-of-the-art multi-life administration platform that provides group as well as individual billing and reporting. Performance Executive VL complements Performance Executive UL, which targets small to medium firms that would rather not take market risk with their insurance and non-qualified benefit funding. 

John Hancock Financial Services, Inc., a subsidiary of Manulife Financial Corporation, is one of the largest insurance companies in the United States. Founded in 1862, the company today offers a broad range of financial products and services, including whole, term, variable, and universal life insurance, fixed and variable annuities, long-term care insurance, mutual funds and various forms of business insurance. 

Manulife Financial is the fifth largest life insurer in the world.  Pro forma funds under management by Manulife Financial and its subsidiaries, including John Hancock, were US$271.6 billion (Cdn$355.9 billion) as of March 31, 2004. Contact: Pam Kruh Phone: 617 572-0558

Save BIG Money
On ALL Your Medical Needs

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