John Hancock has announced the introduction of a fully guaranteed whole-life insurance product.
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Protection Whole Life combines affordable lifetime death benefit protection with guaranteed cash values, the Boston unit of Manulife Financial Corp. said on Thursday. It offers a way to secure low-cost, permanent life insurance protection along with guaranteed premiums and cash values.
The insurer said the new product completes its portfolio of guaranteed life insurance products.
Manulife, a Toronto holding company, had $341 billion of assets under management at Sept. 30.
