John Hancock Life Insurance Co. announced Friday that it sold more long-term care insurance than any other carrier last year, according to data released by Limra International.
Hancock sold more than 86,000 policies or certificates through all its long-term care insurance businesses last year, according to Limra.
In its retail business, Hancock had the highest growth rate of the top 10 carriers with the number of new insureds growing by 35%, compared to an industry average that declined 8%. Hancock also added more than 50 clients to its group roster, which helped boost its new customers by 23% in a market that experienced 9% growth.
Hancock of Boston, is a unit of Toronto's Manulife Financial Corp., which had $355 billion of assets under management as of Dec. 31.
