John Hancock Long Term Care Insurance

John Hancock Long Term Care Insurance

John Hancock Life Insurance Company is subsidiary of the Canadian insurance company Manulife Financial an international financial group, based in the United States, who specializes in insurance, investment products, investment management, and other products. John Hancock has over 24,000 employees in 22 countries and territories worldwide.

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John Hancock is headquartered in Boston, MA. The New York Times ranked John Hancock among the “100 most powerful corporate media and product brands of the 20th century.” John Hancock has over $185 billion in assets under management, and ranks as the 6th largest public life insurer in the world (Source: Thomson Reuters 3/31/10).


John Hancock Mutual Life Insurance Company was founded in 1862. Of the six life insurance companies founded in the United States in 1862, John Hancock is the only one remaining.

In 2000, John Hancock Mutual Life Insurance Company became John Hancock Financial Services, Inc. through a public offering on the New York Stock Exchange. This resulted in the demutualization of John Hancock Mutual Life Insurance Company. Policyholders received shares in the new company in exchange for giving up ownership in the old company.

On September 29, 2003, Manulife Financial Corporation announced that it would acquire John Hancock Financial Services, Inc. for $10.4 billion. In April 2004 John Hancock Financial Services, Inc. ceased to exist as an independent company. The union of these two companies provided complementary strengths, common goals and the opportunity to grow the company. As of 2006 Manulife continue to use the John Hancock name for the majority of its U.S. business.

John Hancock Long Term Care Insurance

Among the numerous products sold by John Hancock is long term care insurance with a wide variety of terms, conditions, riders and options. John Hancock works with individuals, families, small business, associations and large corporations.

Ratings of Companies Issuing “Company” Long Term Care

John Hancock’s U.S. long term care insurance is issued by John Hancock Life Insurance Company (U.S.A) a subsidiary of Manulife Financial. Four major rating agencies rate the financial strength of these companies. As of August 1, 2010, those ratings are:

  • A.M. Best: A+ (2nd best out of 16 categories)
  • Fitch: AA (3rd best out of 19 categories)
  • Moody’s: Aa3 (4th best out of 21 categories)
  • Standard & Poor’s: AA (3rd best out of 22 categories)

*Company ratings as of August 1, 2010

Protecting and keeping wealth are part of a well rounded financial plan necesary for the unexpected. Have you considered what the impact would be to your income and assets — and your family — if something were to happen to you during your working years, as well as later in life. While nobody likes to think about such unfortunate events, it’s important to anticipate the potential for injury or illness, and how it could affect your assets and your loved ones. What expenses might you and your family incur? Would your family be able to maintain their current standard of living? Long term care insurance is a valuable tool you can use to help manage these types of risks to protect your assets and your family.

Long term care is the type of ongoing assistance people need when they are unable to perform normal daily activities on their own, such as bathing, dressing, eating, or getting in and out of bed. The need for long term care can arise from physical limitations or a cognitive impairment, such as Alzheimer’s disease, and can result from an injury or illness, or simply due to the normal aging process. The cost of long term care can be expensive, depending on the type of care you need, how long you need it, and where care is received.

John Hancock long term care insurance helps you to prepare for the unexpected, protect your assets, reduce the burden of care that often falls on family members, and remain independent and in control when you need the care. By purchasing coverage when you are relatively young and healthy, it’s a cost effective way for you to plan ahead for your future long term care needs.

To get a free quote for John Hancock long term care insurance or compare long term care insurance quotes from the nation’s top long term care insurance carriers, contact a licensed long term care insurance professional. Start your no obligation long term care insurance quote.

See also:
Mutual of Omaha Long Term Care Insurance