Compare John Hancock Long Term Care Insurance Plans

Get Quick Free Quotes

Age(s)
Age(s)

PLUS, Receive 2 FREE Books -
Long Term Care Insurance & Preventing Dementia

John Hancock Long Term Care Insurance

John Hancock, the U.S. division of Manulife Financial Corporation, offers insurance policies backed by excellent financial strength and more than 150 years of experience. The company provides insurance to more than 2.6 million people and pays out over $5.7 million in claims each year. Products and policies offered by John Hancock include insurance, annuities, retirement plans, and more. For more than two decades, John Hancock was also recognized as one of the leading long-term care insurance providers in the United States, with more than 1.2 million policies in effect.

John Hancock

Long-Term Care Insurance Policies

John Hancock offered individual and group long-term care insurance, and their policies were known for being flexible and easily customized to suit one’s needs. However, in December of 2016, John Hancock announced that they were officially exiting the long-term care insurance industry and would no longer be issuing new policies of either kind. This decision was made following years of unfortunate but necessary increases in premiums and waning customer interest in the product as a whole. Policies purchased through them prior to this announcement are still in effect and will pay out benefits as usual.

Reputation and Financial Strength

John Hancock is a financially sound company and has received good scores from the four leading independent ratings agencies: an A+ (superior) from A.M. Best, an AA- (very strong) from both Standard & Poor’s and Fitch Ratings, and an A1 (good) from Moody’s Investors Service. The other divisions of Manulife Financial have received similarly positive ratings. While a company should not be judged on financial strength alone, these scores are important because they help to predict the company’s ability to pay out claims in the future. According to the National Association of Insurance Commissioners, John Hancock also has significantly fewer complaints registered against it than is typical for a company of its size. However, many people have noted problems dealing with customer service representatives, and the increases in premiums discussed in the previous section have also not been popular.

Be sure to take a look at our other articles to learn more about the various insurance companies offering long-term care policies. Remember – these policies and the companies that issue them can differ greatly, so it really does pay to do your research and shop around.

More Useful Links:

MedAmerica Long Term Care Insurance

ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

OVERWHELMING STATISTICS

  • 40% receiving long-term care are working-age adults, ages of 18-64.*
  • About 70% over age 65 will need long-term care services in their
    lifetime. By 2020, this number is expected to exceed 12 million.*

WHY US?

At QuickHealthInsurance.Com, your quotes are delivered by one single specialist, who
helps you choose the best features and discounts, without over-buying
coverage. Avoid mistakes when planning your long-term care policy
with one-on-one guidance from us.

DISCOUNTS AVAILABLE

Sample Long-Term Care Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.

Age(s)

PLUS, Receive 2 FREE Books -
Long Term Care Insurance & Preventing Dementia

John Hancock Long Term Care Insurance

John Hancock, the U.S. division of Manulife Financial Corporation, offers insurance policies backed by excellent financial strength and more than 150 years of experience. The company provides insurance to more than 2.6 million people and pays out over $5.7 million in claims each year. Products and policies offered by John Hancock include insurance, annuities, retirement plans, and more. For more than two decades, John Hancock was also recognized as one of the leading long-term care insurance providers in the United States, with more than 1.2 million policies in effect.

John Hancock

Long-Term Care Insurance Policies

John Hancock offered individual and group long-term care insurance, and their policies were known for being flexible and easily customized to suit one’s needs. However, in December of 2016, John Hancock announced that they were officially exiting the long-term care insurance industry and would no longer be issuing new policies of either kind. This decision was made following years of unfortunate but necessary increases in premiums and waning customer interest in the product as a whole. Policies purchased through them prior to this announcement are still in effect and will pay out benefits as usual.

Reputation and Financial Strength

John Hancock is a financially sound company and has received good scores from the four leading independent ratings agencies: an A+ (superior) from A.M. Best, an AA- (very strong) from both Standard & Poor’s and Fitch Ratings, and an A1 (good) from Moody’s Investors Service. The other divisions of Manulife Financial have received similarly positive ratings. While a company should not be judged on financial strength alone, these scores are important because they help to predict the company’s ability to pay out claims in the future. According to the National Association of Insurance Commissioners, John Hancock also has significantly fewer complaints registered against it than is typical for a company of its size. However, many people have noted problems dealing with customer service representatives, and the increases in premiums discussed in the previous section have also not been popular.

Be sure to take a look at our other articles to learn more about the various insurance companies offering long-term care policies. Remember – these policies and the companies that issue them can differ greatly, so it really does pay to do your research and shop around.

More Useful Links:

MedAmerica Long Term Care Insurance

ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

OVERWHELMING STATISTICS

  • 40% receiving long-term care are working-age adults, ages of 18-64.*
  • About 70% over age 65 will need long-term care services in their
    lifetime. By 2020, this number is expected to exceed 12 million.*

WHY US?

At QuickHealthInsurance.Com, your quotes are delivered by one single specialist, who
helps you choose the best features and discounts, without over-buying
coverage. Avoid mistakes when planning your long-term care policy
with one-on-one guidance from us.

DISCOUNTS AVAILABLE

Sample Long-Term Care Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.