The 6 Best Life Insurance With Living Benefits of 2022

John Hancock is our pick for wellness benefits for several reasons. The company’s long history, financial strength and below-average number of complaints are impressive. John Hancock also offers wellness benefits and accelerated death benefits at no additional premium on all life insurance policies.

John Hancock has earned a top spot because of its strong reputation and the lifetime benefits of every life insurance policy. Founded in 1862, John Hancock has a long history in the life insurance industry. The Boston-based provider has an A+ financial strength rating from AM Best and received 56 complaints through the National Association of Insurance Commissioners in 2021, fewer than expected for a company of its size.

John Hancock offers a range of term and permanent universal life insurance policies. You can get a quote and apply for term and final insurance policies online, but you’ll need to call John Hancock for permanent life insurance.

Both John Hancock term and permanent policies include accelerated death benefit riders. The company also offers riders premium waiver for disability and unemployment, critical illness, and long-term care for an additional fee. You can contact John Hancock with any questions by phone, Monday through Friday, 8 a.m. to 6 p.m. EST.

You can access 10% to 25% of the face value of the policy for critical illness (maximum $250,000), which can include heart attack, stroke, cancer, coronary artery bypass graft, major organ failure, kidney failure or paralysis. For accelerated death benefits, you can draw up to 50% or 100% (maximum of $1 million) of face value.

You can use the disability waiver of premium if you have been totally disabled for at least six months. It may also be possible to access long-term care benefits of 2% or 4% in monthly installments if you cannot perform two activities of daily living (bathing, dressing, feeding, continence, toileting or transferring) .

You can save up to 25% on monthly premiums by adopting healthy habits with John Hancock’s Vitality PLUS program.

Read all John Hancock Life Insurance Review.