subject: John Hancock Life Insurance – Online Quotes [print this page] John Hancock Life Insurance Online Quotes
John Hancock was founded in 1862 under the name of John Hancock Mutual Life Insurance Company. In 2004, the company merged with a Canadian company called Manulife. The company continues to operate under the John Hancock name in the United States. John Hancock offers three different products for those who wish to purchase life insurance, including term life, variable, and universal health insurance. If you wish to learn more about the cost of John Hancock life insurance, online quotes are available from several third-party websites. The company website does not offer quotes, however. Before you can decide on a specific plan, you will need to decide whether you wish to purchase term or permanent life insurance. Term life insurance will only pay death benefits if you die within the coverage period. In the case of John Hancock, you can purchase term insurance coverage for 10, 15, or 20 years. This type of insurance offers cheaper premiums, but renewal can be expensive. John Hancock does give customers the opportunity to convert to a permanent life insurance policy if they so choose. This will give you the best of both worlds. John Hancock life insurance online quotes can help you make your decision.
If you prefer lifelong coverage, you will need to purchase some type of permanent life insurance. John Hancock offers two types, variable and universal. Variable is the most flexible type of life insurance plan available. With this plan, you will not only be able to determine your premiums, but can also increase your cash value. To do this, you will need to invest in several underlying investment options. This plan can be the most rewarding, but also the most risky type of John Hancock life insurance. Online quotes can help you decide whether universal or variable life insurance is a better choice for you.
The last type of plan is John Hancock's universal life insurance. With universal life insurance, you will be able to choose the amount of your premium and face value. You will also have the opportunity to withdraw from your cash value. Withdrawals or loans will decrease your death benefit, however. This plan offers slightly less flexibility when compared to the variable universal plan, but also carries less risk. If you are still undecided about John Hancock life insurance, online quotes might be able to help. Keep in mind that John Hancock will allow you to convert to a permanent plan if you start with term insurance.
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