John Hancock Life Insurance Quote

Getting a John Hancock Life insurance quote makes sense for everyone shopping for life insurance as they have great rates and offer a variety of term life and permanent life insurance products.

We like John Hancock Life Insurance Company out of Boston MA, they’ve been around for 150+ years, have always had great financial ratings and they can be very aggressive in underwriting for some preexisting conditions.

They were one of the first insurance providers to offer a Preferred diabetic life insurance rate to one of our late age onset type 2 diabetic clients.

John Hancock Term Life Insurance

While most competitive at amounts of $1,000,000 and higher, John Hancock offers some great term life rates with an excellent conversion option should you decide you need to extend duration of your insurance coverage later. 

John Hancock can also be extremely competitive for some hazardous avocations, for diabetics and for others with less significant issues like  high cholesterol, high blood pressure, etc.

They offer 10, 15, 20 and 30 year level term policies. 

Check out some of these John Hancock $1,000,000- 20 year term monthly rates for males and females at various ages:

Male Age 40: $53            Female 40: $45

Male Age 50: $141          Female 50: $115

Male Age 60: $405          Female 60: $307

They also offer a new program called life insurance with Vitality for which you could earn points by exercising, leading healthy lifestyle and getting regular medical check ups that could help you save money on your life insurance premiums and you can use points to get discounts on food purchases, entertainment, shopping and travel rewards.

John Hancock Financial offers “Platinum”, “Gold”, “Silver” and “Bronze” Vitality status. The more healthy activities you do, the better the benefits and insurance discounts you’ll receive.

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John Hancock Vitality Term Life Rates

The absolute lowest “Preferred Plus” $1,000,000- 20 year term rate for a 60 year old male in my database of rates from over 121 companies has annual premium cost of $4,541.

John Hancock’s best Vitality rate for $1,000,000- 20 year term for a 60 year old male has annual cost of $4,136, which is a premium savings of $405 per year or $8,100 over 20 years compared to the lowest 20 year term rate above of $4,541. 

Below are the John Hancock premiums each year if you earn the highest points and get “Platinum” status to the lowest amount of vitality points and you get “Bronze” status every year:

                   Platinum          Gold             Silver            Bronze

Year 1:         $4,136             $4,136         $4,136          $4,136
Year 2:         $4,115             $4,136         $4,206          $4,237
Year 3:         $4,095             $4,136         $4,278          $4,341
Year 4:         $4,074             $4,136         $4,351          $4,447
Year 5:         $4,054             $4,136         $4,425          $4,556
Year 6:         $4,034             $4,136         $4,500          $4,668
Year 7:         $4,014             $4,136         $4,576          $4,782
Year 8:         $3,993             $4,136         $4,654          $4,900
Year 9:         $3,973             $4,136         $4,733          $5,019
Year 10:       $3,954             $4,136         $4,814          $5,142
Year 11:       $3,934             $4,136         $4,896          $5,268
Year 12:       $3,914             $4,136         $4,979          $5,397
Year 13:       $3,894             $4,136         $5,064          $5,530
Year 14:       $3,875             $4,136         $5,150          $5,665
Year 15:       $3,856             $4,136         $5,237          $5,804
Year 16:       $3,836             $4,136         $5,326          $5,947
Year 17:       $3,817             $4,136         $5,417          $6,092
Year 18:       $3,798             $4,136         $5,509          $6,242
Year 19:       $3,779             $4,136         $5,603          $6,395
Year 20:       $3,760             $4,136         $5,698          $6,551

Lowest Term Life Rates $1 Million+

So as you can see from above, if you maintain healthy habits and do all of the things you should do to live healthy and you get “Platinum” status and the highest # of vitality points each year, the rate you pay goes down a little bit each year.

If you get the second highest points and you achieve “Gold” status, your rate stays the same.

If you get the “Silver” or “Bronze” status, your rates go up a little each year.  If you’re not committed to maintaining good health, exercising and seeing your doctor on regular basis, than the Vitality program is not going to be best for you. 

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John Hancock Vitality For High Amount Term Life 

John Hancock Vitality rates are most competitive from ages 35 to 65 at amounts of $1,000,000 up to $25,000,000 for Preferred Plus, Preferred and Regular Plus risks.

For the above demographic, John Hancock Vitality can have the lowest cost 20 year term insurance plans and you should definitely consider applying if you fit the above criteria.

Here is a comparison for males ages 45 and 55 of absolute lowest $1,000,000- 20 year term rates in our database of rates from over 121 insurance companies compared to John Hancock’s best Vitality rates.  These are all annual rates:

                                    $1,000,000
Male Age 45                            Next Best Rate        John Hancock
Preferred Plus Non Smoker      $1,039                         $943
Preferred Non Smoker              $1,241                         $1,123

Male Age 55                            Next Best Rate        John Hancock
Preferred Plus Non Smoker     $2,642                          $2,367
Preferred Non Smoker             $2,990                          $2,818

                                     $5,000,000
Male Age 45                            Next Best Rate        John Hancock
Preferred Plus Non Smoker      $4,870                         $4,420
Preferred Non Smoker              $5,910                         $5,320

Male Age 55                            Next Best Rate        John Hancock
Preferred Plus Non Smoker      $12,950                      $11,540
Preferred Non Smoker              $15,414                      $13,795

                                      $10,000,000
Male Age 45                            Next Best Rate        John Hancock
Preferred Plus Non Smoker      $9,650                        $8,770
Preferred Non Smoker              $11,820                      $10,570

Male Age 55                            Next Best Rate        John Hancock
Preferred Plus Non Smoker      $25,810                      $23,010
Preferred Non Smoker              $30,768                      $27,520

The John Hancock Vitality rates above are great rates and could be the lowest price term life insurance quotes for you now!

Knowing the John Hancock Vitality rates above could also be lower in future years may add to the appeal of this product.

Just remember that the John Hancock Vitality rates above could also be higher in later years depending on how well you do with exercise, healthy living and maintaining good medical care.

John Hancock also offers a new Smart Protect term platform with Vitality that offers a streamlined accelerated underwriting process with the possibility of approval in 2 days for ages 20 to 60 at amounts from $100,000 to $1,000,000.

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How Is John Hancock Vitality for Health Issues?

I also looked at standard rates, standard smoker rates and table ratings for the vitality product.

Here is a comparison at ages 45 and 55 of absolute best $1,000,000 death benefit- 20 year level premiums at standard non-smoker and standard smoker rates available and the John Hancock Vitality rates.  These are all annual rates:

Male Age 45                            Best Rate        John Hancock
Standard Non Smoker             $2,001              $2,435
Standard Smoker                     $5,382              $8,934

Male Age 55                            Best Rate        John Hancock
Standard Non Smoker             $5,143               $5,915
Standard Smoker                     $12,305             $20,894

Based on above, John Hancock Vitality is not competitive for Standard risks, standard smoker risks or on table ratings since Hancock rates off of their Standard rate class.

John Hancock has been very aggressive for some older age very well controlled type 2 diabetics, some people with sleep apnea, recent low stage cancer cases and now John Hancock will even insure some HIV positive people.

So it may NOT make sense to see what John Hancock may offer you if you are a smoker or are not in good health.

So is John Hancock Vitality A Good Deal?

If you are most interested in having a life insurance policy with the absolute lowest cost, than the John Hancock Vitality program may only be best for you if you are in fairly good health, are age 35 to 55 and you’re looking for life insurance in amounts of $1,000,000 up to $25,000,000.

There may be exceptions to the above age ranges if you happen to fall into one of John Hancock’s underwriting niche’s, plus rates are always changing as many companies are constantly competing to have the best life insurance rates.

Rates a week from now may be different than the rates shown above.

If you’re a Standard or Regular risk or if you have health issues, then John Hancock may not be the best company for you.

Bottom line is that if you need life insurance and are under age 55 and healthy and/or if you are looking for a way to improve your health with incentives for you to do so, than Vitality could be a great way for you to do this and at a great rate!

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Watch this video for more details about John Hancock Vitality: