John Hancock Guaranteed Universal Life Insurance Policy Review

See where John Hancock ranks in for 2019 in our guide: Best Guaranteed Universal Life Insurance (GUL) Companies

Quick Summary: John Hancock offers a solid yet unspectacular guaranteed universal life product when compared to other carriers we work with. Premium pricing is middle of the road but underwriting can be strict on certain things, bumping people down in health rating.

About the Company - John Hancock

John Hancock guaranteed universal life insurance

John Hancock has been selling life insurance since 1862. Close to 3 million people trust their policies to Hancock and they honor that promise by paying out almost $6 billion in claims each year

All the major rating agencies consider JH to be financially strong and stable. They receive A grades across the board including A+ from A.M. Best.

Despite being an old dog, John Hancock has some new tricks including their Vitality program. This takes advantage of today's technology to make better underwriting decisions and rewards their clients for maintaining good health.

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What is Guaranteed Universal Life Insurance? (expand to learn more)

About the John Hancock Guaranteed Universal Life Insurance Policy

Product Name

UL-G 13

Death Benefit

$100,000 to No Maximum


0 to 90

Coverage Length

To age 90, 95, 100, 105, 110, or 121

John Hancock Underwriting Secrets

We consider John Hancock to be fair overall in their underwriting, leaning slightly towards "strict". This just means that depending on your health profile, you may be rated lower at Hancock than other carriers we work with. They do however have their "niches" where they'll show leniency.

John Hancock's Vitality program is an innovative idea that rewards policyholders with savings on premiums for taking part in a healthy lifestyle. In addition to lower rates for life insurance, you can earn savings and rebates from health-conscious partner companies and even a free Apple Watch


The secret to finding the cheapest life insurance rates is applying at the company that will view you most favorably.  Just going with the one that shows the lowest rates can be a BAD idea and end up costing you more money.

John Hancock underwriting has been shown to give favorable ratings to applicants with:

  • Rheumatoid arthritis  
  • High Blood Pressure
  • History of heart attacks
  • Type II Diabetes

Cost - Sample Rates

John Hancock guaranteed universal life insurance quotes:

49-year-old male at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121













44-year-old female at Preferred health class - pricing listed is per month

Death Benefit

to Age 90

to Age 100

to Age 121













Our custom quote tool on this page displays only guaranteed universal quotes so you can cut through the clutter. Please note that some carriers do not allow us to display their rates online. We will discuss if there are other options that might be a better fit.

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Excellent financial stability ratings as a company

Vitality program may lead to lower premiums for healthy clients


No return of premium option and not many rider choices

Will completely decline some health conditions that other insurers will approve

Extras, Options, and Flexibility

John's Hancocks no-lapse universal life product was designed to provide flexibility without being too complicated. 

Compared to other GUL products, the riders are limited and not much is included in the base policy. You must pay for extras.

Automatically Included at No Extra Cost

Premium Payment Choices - Option to structure the payment premiums in one of several ways:

  1. One lump sum payment
  2. Equal payments in each year
  3. Pay for a set number of years, for example, pay 15 years but then be covered for life

There is a minimum that must be met in order to make sure the no-lapse protection stays in place.

Accelerated Benefit - If the insured is considered to be terminally ill with a life expectancy of less than 1 year to live, a portion of the death benefit may be accessed early. 

Policy owner can receive up to 50% of the face amount of policy as living benefits with a maximum amount of $1,000,000.

Additional Options - At a Cost

Customize your GUL policy these choices:

Total Disability Waiver - Premium payments will be waived in the case of the insured becoming totally disabled for 6 consecutive months. Only applies for a disability that occurs up to 65th birthday and the maximum monthly benefit is $5,000.

Unemployment Protection - This rider will pay the premiums in the event of the insured becoming unemployed. Can be used for up to 12 months to waive all premium payments. Must be able to prove receipt of state or federal unemployment benefits.

How To Make Sure You Choose the Right Universal Life Insurance Policy

The best advice I can give is to always work with an independent agent. If you call a company direct, they'll only push their products on you, and you save nothing. Rates are fixed by your state laws.

Life insurance is the ONLY thing we do. We know the ins and out of 60+ companies and can find you the lowest rates. Every. Single. Time.

To get started, fill out a quote request and we'll be in touch soon to help.

independent life insurance agents helping to secure affordable life insurance coverage

No pressure or cost to use our help.

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  • Ty Stewart

    Ty Stewart is a founder and contributor of He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent he has helped clients nationwide to secure affordable coverage while making the process simple.

  • Bennett Bier

    I’m Bennett Bier, owner, author and fact checker of Simple Life Insure. I believe working with a small independent broker offers consumers more personal attention and superior customer service. As an independent agent licensed in all 50 states and the District of Columbia I have access to many of the top A+ rated life insurance carriers. This lets me locate a plan that you will qualify for while saving you money at the same time. Over the years I have mastered the art of underwriting, getting approvals even for my highest risk clients. I’m also likely the person that will answer the phone when you call.