May 23, 2022 

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Just a Minute

Watch this "Just a Minute" video before selling your next LTC rider  

Take a look at this quick, one-minute video showing how our LTC rider can offer the predictability that your clients' LTC benefits will be there when needed, income tax free.

New podcast

Intergenerational split-dollar planning after the Levine decision

Tune in to hear attorney and tax expert Marty Shenkman discuss the practical lessons we can learn from the Levine case — a precedent-setting tax court decision on intergenerational split-dollar planning.

Product snapshot

Leverage Protection VUL’s exceptional value proposition 

John Hancock’s Protection VUL '21 is backed by our 160 years’ experience as a life insurer, and Manulife’s global experience as a wealth asset manager. It combines a cost-effective, age-100 death benefit guarantee with unparalleled investment expertise, creating a remarkable value proposition for producers and clients:

  • Highly competitive premiums for level-pay and 10-pay designs
  • Broad and diversified investment options backed by our rigorous selection and oversight process
  • Access to tax-free LTC coverage up to $50,000 per month and not limited by the yearly IRS per diem
  • Participation in Vitality PLUS that can offer clients a permanent reduction in premium needed to maintain their age-100 guarantee
  • Additional opportunities to increase target premium:
    • +7% on average when Vitality PLUS is included in the sale
    • +15% when enhanced target premium threshold is met



Update regarding business-owned insurance in New York

We have received approval for our updated applications forms (NB5000NY (02/2022) & NB5037NY (02/2022)) for use in the business-owned insurance market (including but not limited to employer-funded key person, buy-sell partnerships and policies to fund non-qualified benefit plans for key persons) in New York. In light of this update, we will begin accepting applications for these types of policies, effective May 23, 2022. Please note, we will continue to NOT allow any employer-owned policies where employees contribute premium to the policy. Please see the additional administrative requirements for these types of policies below:

Party responsible for providing notices

For employer-owned policies, the employer is responsible for providing the required notice and consent to employees and such notice and consent are prepared by the employer.


Premiums must be non-contributory. We will not accept any employer-owned policy that includes any employee contributions made either at or after issue.

Use of individual forms

All policy forms must insure an individual and have an attached application for that insured. 

New guide to John Hancock Variable Insurance Trust

One of the standout value propositions of John Hancock’s VUL products is the access they provide to a broad, diversified offering of portfolios — from our select roster of talented and knowledgeable asset managers. Use this guide to learn more about those offerings and our unique multi-manager approach.

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This material is for institutional/broker-dealer use only. Not for distribution or use with the public. 

Insurance policies and/or associated riders and features may not be available in all states.

Protection VUL is not available in New York. 

Guaranteed product features are dependent upon minimum-premium requirements and the claims-paying ability of the issuer.

Protection VUL policies automatically include a no-lapse guarantee called Death Benefit Protection. This feature guarantees that the policy will not default, even if the cash surrender value falls to zero or below, provided that the Death Benefit Protection Value remains greater than zero and policy debt never exceeds the Policy Value. Once terminated, the Death Benefit Protection feature cannot be reinstated. Please see the product guide for additional details.

Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock.

The Long-Term Care (LTC) rider is an accelerated death benefit rider and may not be considered long-term care insurance in some states. There are additional costs associated with this rider. The Maximum Monthly Benefit Amount is $50,000. When the death benefit is accelerated for long-term care expenses, it is reduced dollar for dollar, and the cash value is reduced proportionately. Please go to to verify state availability.

Variable universal life insurance has annual fees and expenses associated with it in addition to life insurance related charges.  Variable universal life insurance products are subject to market risk and are unsuitable as a short term savings vehicle.  Cash values are not guaranteed and will fluctuate, and the policy may lose value.

Variable life insurance is sold by product and fund prospectus, which should be read carefully. They contain information on the investment objectives, risks, charges and expenses of the variable product and its underlying investment options. These factors should be considered carefully before investing.

Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595 and securities are offered through John Hancock Distributors LLC through other broker/dealers that have a selling agreement with John Hancock Distributors LLC, 197 Clarendon Street, Boston, MA 02116.