John Hancock Tweaks IUL Products to Improve Performance

September 27, 2017 by Jay Cooper

After a strategic review of its IUL lineup, John Hancock is making tweaks to improve the performance of its Accumulation IUL, Protection IUL and Protection Survivorship IUL (SIUL) products. The insurer is also adding index options and the option for a higher cap within its protection suite.

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…John Hancock had roughly 1.99% market share of the $485 million in indexed life sales for the second quarter, according to estimates from Wink’s Sales & Market Report.

…Other insurers are tweaking their existing products. It is typical to see IUL products get a couple of product tweaks per year, estimates Sheryl Moore, president and CEO at Wink.

Originally Posted at Life Annuity Specialist on September 27, 2017 by Jay Cooper.