John Hancock long-term care product discontinued

Motorists Life’s in-house brokerage will no longer be able to offer individual long-term care products through John Hancock.

John Hancock recently announced its plans to discontinue all individual long-term care products due to changes within the industry greatly affecting the product. This will not affect inforce policies.

Motorists Life can still provide your clients with a variety of other long-term care and living benefit options, including our Chronic Illness rider. Your Motorists Life Sales Team can help you find the right solution for your client.

The phased discontinuation for John Hancock long-term care policies will happen over the next few months according to the following schedule:

• Dec. 2, 2016 – last day to submit “in good order” new business applications (long-term care quick quotes will be discontinued effective immediately)
• Dec. 16, 2016 – last day to complete paramedical exams
• Feb. 10, 2017 – all policies must be issued and paid for

If you have questions or are seeking alternatives, please contact Motorists Life at 888-876-6542.