John Hancock has launched a universal life insurance product for clients seeking low-cost death benefit coverage as well as the potential to accumulate cash.
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The Boston unit of Manulife Financial Corp. announced the launch of Performance UL on Monday.
John Hancock now offers a full array of universal life insurance products. It already offered life insurance products that provided guaranteed death benefit protection and low-cost coverage riders.
Manulife Financial and its subsidiaries managed $330 billion of assets on March 31.
