Premier Life Flexible Premium Adjustable Life Insurance - PowerPoint PPT Presentation

Loading...

PPT – Premier Life Flexible Premium Adjustable Life Insurance PowerPoint presentation | free to download - id: 437003-NDM1N



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Premier Life Flexible Premium Adjustable Life Insurance

Description:

This material may not be used with the public. Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 ... – PowerPoint PPT presentation

Number of Views:173
Avg rating:3.0/5.0
Slides: 14
Provided by: HI01
Learn more at: http://www.jhlifeproducts.com
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Premier Life Flexible Premium Adjustable Life Insurance


1
Premier Life Flexible Premium Adjustable Life
Insurance
  • Security. Stability. Simplicity.

2
The Benefits of Whole Life
  • Guaranteed Cash Values Death Benefits
  • Strong Current-Assumption Performance
  • Value for Customer Agent

3
Introducing Premier Life
  • Strong Guarantees Current-Assumption
    Performance
  • At lower premiums than par Whole Life competitors
  • Highest Guaranteed cash values in JH Portfolio
  • Optimized at Target Premium
  • Paying Target all years typically guarantees
    Death Benefit to age 100
  • Provides very strong current performance

4
Comparing John Hancock Target Premiums
Male, Preferred, Age 45, 1,000,000 Death Benefit
16,420 Indexed UL
14,973 Premier Life
13,470 Accumulation UL
8,999 UL-G
7,275 Protection UL
5
Other Key Features
  • Current crediting rate 4.85
  • Guaranteed rate 3
  • LTC Rider
  • Other riders ROP, Disability, Cash Value
    Enhancement
  • Lengthy COI rate guarantees
  • Example MPN 45 charges guaranteed for 25 years
  • Premium flexibility
  • No blending necessary

6
Cash Value Performance
Male, 40, Preferred Non Smoker, 1,000,000 Death
Benefit 12,383 Level Premium
This is a supplemental illustration. Not all
benefits and values are guaranteed. The
assumptions on which the non-guaranteed elements
are based are subject to change by the insurer.
Actual results may be more or less favorable.
7
Cash Value Performance
Male, 40, Preferred Non Smoker, 1,000,000 Death
Benefit 12,383 Level Premium
This is a supplemental illustration. Not all
benefits and values are guaranteed. The
assumptions on which the non-guaranteed elements
are based are subject to change by the insurer.
Actual results may be more or less favorable.
8
Lower Premium. Strong Cash Value Performance.
Male, 45, Preferred Non Smoker, 1,000,000 Death
Benefit
Policy Year 30
Premium Guaranteed Cash Value Percentage of Premiums Paid Current Cash Value Percentage of Premiums Paid
Premier Life 14,973 444,451 99 801,835 179
New York Lifes Whole Life 18,810 552,080 98 968,355 172
Premier Life premium guaranteed to age 100 NY
Life premium guaranteed to lifetime
Competitor information is current and accurate to
the best of our knowledge as of September 2011.
The data shown is taken from various company
illustrations. Current interest rates may be
different for each company and may not be
guaranteed. The comparisons in this communication
are of different products which vary in premiums,
rates, fees, expenses, features and benefits.
These comparisons cannot be used with the public
and complete personalized policy illustrations
for each representative company must be presented
or discussed with your clients. Please have your
clients consult with their professional advisors
to find out which type of life insurance is more
suitable.
9
The Drawback of Whole Life Inflexibility
  • Premium level must be chosen at issue
  • Reducing post-issue can be very costly
  • Premiums reduced only through blending
  • Permanently compromises guarantees

10
Premier Lifes Flexibility Advantage
Male Age 45, Preferred Non Smoker, 1,000,000
Death Benefit
NY Life Guarantee Premium 18,810
Most Guarantees 14,973 Highest CV Highest
Guaranteed CV DB Guaranteed to A100
NY Life Max Blend Premium 10,221
Premium
Enhanced Guarantees 11,855 Higher CV Higher
Guaranteed CV DB Guaranteed to A90
Lowest Outlay 8,736 Remains inforce based on
current assumptions Guaranteed CV to A78 DB
Guaranteed to A83
Competitor information is current and accurate to
the best of our knowledge as of September 2011.
The data shown is taken from various company
illustrations. Current interest rates may be
different for each company and may not be
guaranteed. The comparisons in this communication
are of different products which vary in premiums,
rates, fees, expenses, features and benefits.
These comparisons cannot be used with the public
and complete personalized policy illustrations
for each representative company must be presented
or discussed with your clients. Please have your
clients consult with their professional advisors
to find out which type of life insurance is more
suitable.
11
Premier Life Post-Issue Flexibility
Male, 45, Preferred Non Smoker, 1,000,000 Death
Benefit
If you pay the premium for maximum guarantees in
year 1 . how much can you pay in year 2 and
still keep the policy in force?
NY Life Year 1 18,810
NY Life Year 2 Pay 18,810 or LAPSE
Premium
Premier Life Year 1 14,973
Premier Life Year 2 Pay much lower
current-assumption premiums
Competitor information is current and accurate to
the best of our knowledge as of September 2011.
The data shown is taken from various company
illustrations. Current interest rates may be
different for each company and may not be
guaranteed. The comparisons in this communication
are of different products which vary in premiums,
rates, fees, expenses, features and benefits.
These comparisons cannot be used with the public
and complete personalized policy illustrations
for each representative company must be presented
or discussed with your clients. Please have your
clients consult with their professional advisors
to find out which type of life insurance is more
suitable.
12
Disclosures
Insurance policies and/or associated riders and
features may not be available in all states. Some
riders may have additional fees and expenses
associated with them. Guaranteed product
features are dependent upon minimum premium
requirements and the claims-paying ability of the
issuer. Premier Life policies automatically
include a no-lapse guarantee called the Death
Benefit Protection feature. 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. See the product technical guide for
additional details. The Long-Term Care (LTC)
rider is an accelerated death benefit rider and
may not be available in some states. Maximum face
amount is 5 million with the LTC rider. The LTC
rider is not considered long-term care insurance
in some states. When the death benefit is
accelerated for long-term care expenses, the
death benefit is reduced dollar for dollar, and
the cash value is reduced proportionally. The
policy account value is also reduced
proportionally. There are additional costs
associated with this rider. Please go to
www.jhsalesnet.com for a complete list of
up-to-date state approvals.
13
Disclosures (cont.)
For prospective policyholders in New York, this
product is a life insurance policy that
accelerates the death benefit for qualified long
term care services and is not a health insurance
policy providing long term care insurance subject
to the minimum requirements of New York Law, does
not qualify for the New York State Long Term Care
Partnership program and is not a Medicare
supplement policy. This rider has exclusions and
limitations, reductions of benefits, and terms
under which the rider may be continued in force
or discontinued. Consult the state specific
Outline of Coverage for additional details. The
Return of Premium Rider allows clients to select
a percentage of the premiums paid to be returned
to the beneficiaries in addition to the death
benefit. There are costs associated with the ROP
rider, as well as limitations on the cumulative
amount that can be returned. Not available in
conjunction with certain other riders. 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.
About PowerShow.com