John Hancock Crediting Rate and Indexed Account Parameter Changes Effective 03/01/2024
At John Hancock, we are proud of our record of delivering exceptional policy performance for our customers. Our strong investment capabilities are at the core of this success. Continuing our focus in this area, we are making the following adjustments effective March 1, 2024:
- Crediting rates will increase on the retail indexed UL Fixed Account — most products will increase by 30 basis points, while Accumulation IUL 23 and Premier Benefit IUL will increase by 80 basis points
- For Accumulation IUL 23, participation rates will increase by 15%-20% on Barclays Global MA Indexed Accounts
- Most caps for indexed accounts without an Indexed Performance Charge (IPC) will have an increase, while most caps for indexed accounts with an IPC or two-year durations will decrease
- Crediting rates will increase by 5-10 basis points on certain retail UL products and VUL Fixed Accounts
- Protection UL and Protection SUL crediting rates remain unchanged
Refer to the following materials for more details on these upcoming changes and our UL crediting-rate history.