John Hancock Life Insurance, a unit of Manulife Financial, has increased the retention limits on its permanent life insurance products.
According to John Hancock, the retention limit for individual life insurance products will be increased to $30m and the limit for survivorship life insurance products will be increased to $35m.
Steve Finch, president of John Hancock Life Insurance, said: John Hancock is leveraging its key strengths – some of the highest financial strength ratings in the industry and strong capital levels along with industry-leading underwriting – to offer clients more coverage to better meet their estate, retirement and business planning needs.
Not only do we offer the financial strength and security that producers and clients demand from companies today, but our in-depth expertise in large-case underwriting and advanced markets makes it easier for them to place their largest cases.