John Hancock Life Insurance Co. has a new suite of long-term-care insurance products for individual investors in California.
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Custom Care II California and Custom Care II California Partnership offer long-term-care insurance coverage, a broader range of home-care options, and caregiving and care-planning support.
California Partnership plan holders can protect their assets equal to the dollar value of the benefits paid out of the policy — before qualifying for Medi-Cal.
John Hancock, a unit of Manulife Financial Corp., is one of the largest providers of long-term-care insurance. It has more than a million clients and $1.4 billion of in-force premiums.
