John Hancock Life Insurance – Online Quotes: Overview

John Hancock Life Insurance Online Quotes: Overview

John Hancock is one of the oldest life insurance companies in the United States. Founded in 1862 under the name of John Hancock Mutual Life Insurance Company, this company has taken care of its customers for over 140 years. In 2004, the company merged with Canadian insurance company Manulife. The company continues to operate under the John Hancock brand in the United States. The stability and experience of this company is one of the main attractions for those who wish to buy life insurance. John Hancock offers three different life insurance plans, including variable, universal, and term life insurance. To find John Hancock life insurance quotes, you will need to visit a third-party website.

John Hancock's permanent life insurance plans include both universal and variable coverage. Both of these plans offer lifelong coverage. A universal plan, however, allows you to pick your premiums and the amount of your death benefit. Because the premiums can vary so widely, you might want to look at John Hancock life insurance online quotes before you make a decision. John Hancock's universal plans offer flexibility with minimum risk. Your death benefit will be guaranteed. You will also have the option to withdraw from your cash value as necessary.

The second type of permanent life insurance plan available is a variable plan. This allows customers to pick their premiums, much like a universal plan would, but also allows them the chance to manage their money through investments. You can potentially increase your cash value if you manage your money carefully. This plan is flexible, but risky. John Hancock recommends this type of plan for those who not only want to take care of their dependents, but also want extra retirement income. If you would like to learn more about this type of plan, visit a website that offers John Hancock life insurance quotes.

If you just need life insurance for a short amount of time, consider purchasing term life insurance instead. This type of plan offers 10, 15, or 20 years of coverage. The advantage of this type of plan is that premiums are much lower than permanent life insurance plans. On the other hand, you will have to renew your insurance later on in life when finding good life insurance will be much more difficult. John Hancock does give its customers the option to convert to a permanent life insurance plan, however, which might be a good choice for many. Contact a representative or visit a third-party website for John Hancock life insurance quotes.

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