New Cash Value Enhancement Rider
I’m happy to announce that John Hancock has launched our new Cash Value Enhancement rider for our Accumulation IUL. This is a great opportunity for business need insurance and premium finance. Please see below for a quick overview of the two riders now available and let me know if you have any questions.
- Cash Value Enhancement Plus Rider:
- Ideal for: Customers looking to maximize their early cash value.
- Benefits: Provides the highest possible early cash value, for those prioritizing liquidity in the initial years of their policy. In many cases, the Year 1 Cash Value is 90% of premiums paid with a premium charge of 6%.
- Cash Value Enhancement Rider:
- Ideal for: Customers seeking strong early cash value with less impact on long-term performance.
- Benefits: Offers substantial early cash value while being cost-effective, striking a balance between value and price. Year 1 Cash Value is about 85% of premiums paid with a premium charge of 3%.