John Hancock was founded in 1862 and is headquartered in Boston, Massachusetts. The company serves over 3.5 million policyholders and pay over $2.3 billion in claims annually.
Hancock has strong financial ratings with A.M. Best, Fitch, Standard & Poor's, and Moody's. The company has a large network of agents, brokers, and financial planners across the nation that can provide consumers with term life and universal life insurance policies.
Financial Strength ratings are impartial ratings given by a third party. This rating determines a company's ability to meet its financial obligations to policyholders.
A.M. Best is the largest credit rating agency worldwide and currently assesses the creditworthiness of over 16,000 insurance companies worldwide.
John Hancock has an A+ rating from A.M. Best
While John Hancock does not offer whole life insurance, the company does offer the following plans:
The company website has an interactive map that shows you which products are available in specific states. This is extremely helpful to potential clients as it allows them to search their home state and find out which of John Hancock's policies are available to them.
John Hancock's website is a bit vague and doesn't provide detailed information about its products or services. You can view the company's life insurance policies, but there are no links or additional pages to learn more. This is frustrating to those unfamiliar with the industry who aren't sure exactly what they are looking for.
If you choose to work with this life insurance provider, be ready to contact the customer service center and speak with a representative.