March, 24 2017

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John Hancock Life Insurance Review 2016

John Hancock Life Insurance Review 2016

Author
  • Price
  • Underwriting
  • Financial Strength

John Hancock Life Insurance Review 2016

Pros:  Financial Strength– John Hancock has an A+ (Superior) financial rating by A.M. Best (second highest of 16 possible ratings).  Stability– John Hancock has been in business for more than 150 years proving their strength and durability.  Size– John Hancock is a top ten insurer when it comes to total market share in life insurance sales.

Cons:  Their website is a little confusing, especially if you are looking for information on how or whom to speak to receive a quote.  Also, John Hancock’s rates tend to be higher than other top insurers and their underwriting can be more conservative as well.

Bottom Line:  John Hancock, owned by the Canadian insurance company Manulife Financial, is one of the largest life insurance companies in America by premiums and market share.  They also have an A+ Superior financial rating from A.M. Best.  However, when comparing their rates, they tend to be higher than other similar rated insurers on the market.  As with all the companies we review we recommend that you receive a quote from John Hancock and also from the other top insurers as choose the best one for you.

About

Type: Subsidiary of Manulife Financial-Public Company Trades on NYSE as MFC

Issued by: John Hancock Life Insurance Company (U.S.A.)

Founded: 1862

Website: www.johnhancock.com

Phone: (800) 387-2747

Address: 1 John Hancock Way Suite 1350, Boston, MA 02217

A.M Best Rating 2016: A+ (Superior) Second highest of 16 possible ratings

Comdex Ranking: 92 out of 100

BBB Rating: A+

Competitors: New York Life, Northwestern Mutual, Mass Mutual, John Hancock, Principal, State Farm, Allstate, Ohio National Life, AIG, Banner Life, Protective Life, Primerica, State Farm, USAA, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, Voya-ReliaStar, Transamerica, Prudential.

John Hancock Life Insurance Quotes 2016 Price Comparison

$250,000 20 year term for a 40 year old male at the best health class:

Pacific Life Insurance Company: $18.97 month

Mutual of Omaha: $19.91 month

AIG: $20.02 month

Protective Life Insurance Company: $20.01

Banner Life Insurance Company: $20.77

SBLI: $20.66 month

MetLife: $21.51 month

North American: $21.56 month

TIAA-CREF: $22.75 month

Voya Financial: $22.97 month

Transamerica: $23.66 month

John Hancock: $28.70 month

Primerica: $28.98 month

 

 

Please rate your experience with John Hancock Life Life Insurance.  Would you recommend them to others?

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