Hancock Financial Services
Hancock Life Insurance Company began business in Boston in 1862 and on
January 27 2000 went public and completed its change from a mutual life
insurer to a stock company. John
Hancock is one of the fifteen largest life insurance companies in the
country and is a member of IMSA, an organization promoting good conduct
and honesty among insurance companies.
As of 1998 John Hancock Life Insurance had life insurance in force
of over $52 billion and currently has total assets under management of
Best – A++ (Superior)
– AAA (Highest)
– Aa2 (Excellent)
& Poor’s – AA+ (Very Strong)
WHAT IS LIFE INSURANCE?
Life insurance is an
agreement by an insurance company to pay a specified sum when someone
dies. The agreement is a contract between the insured person and the
insurance company that provides the insurance. If the insured dies while
the life insurance policy is in force, then the life insurance company
pays the death benefit according to the beneficiary designations that the
insured has provided.
IS LIFE INSURANCE NECESSARY?
Life insurance is necessary for peace of mind. It provides the guarantees that your family will be taken care of financially in your absence. Life insurance lets those who depend upon you know that even if you are taken prematurely by an un-foreseen death, you have taken care to provide financial support for your dependents who count on you. Since term life insurance premiums are so affordable it is now a simple matter to protect your families most important asset.... You.
Current competition among life insurance companies has dramatically
lowered life insurance premiums. A term life insurance policy offering
$250,000 worth of life insurance protection that cost $600 a year, just
seven years ago, would have an annual term life insurance premium of about
$275 today. When we say we can save you 25 - 60% on your term life
insurance premiums it is not just marketing hype.