John Hancock Exits Standalone LTC Market, Continues to Offer LTC Rider on Life Products

John Hancock has announced their plan to exit the standalone LTC market, effective December 2nd, 2016. This decision does not impact the Long-Term Care Rider available on John Hancock’s individual life insurance products, which will now be the central focus of their offering in this space. Read on for transition details and more background on the decision. Last week’s announcement reflects the current state of the LTC market as well as the capital intensive nature of the product rather than

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