John Hancock Life Insurance Company is a company that vigorously markets its name, associating it with a founding father to gain your trust.
John Hancock Life Insurance Company says: “With a proud history of more than 150 years, John Hancock empowers people to feel confident about the future by providing innovative insurance products that protect their loved ones, grow their savings, and preserve their wealth. provides solutions to more than 3.5 million policyholders, Delivers on its promises with over $2.3 billion in claims paid annually, has financial strength ratings that are among the highest in the industry, offers a wide range of products through an extensive network of agents, brokers and financial planners across the U.S.”
Are You A Beneficiary in a Claim with John Hancock Life Insurance Company?
John Hancock life insurance company seeks to market itself by saying how it is unique:
“Our solid foundation of financial strength and stability positions us well to deliver on our promises now and well into the future…. John Hancock’s innovative life insurance product portfolio is among the best in the industry. And when combined with our underwriting expertise and service excellence, you can feel confident that you have the resources needed to help secure your future. …We’ve also made doing business with John Hancock easy and convenient for you. Our products are widely available through a variety of financial institutions supported by an extensive network of financial professionals who can help evaluate your goals and choose a life insurance product that’s right for you.”
Here’s a recent class action suit against John Hancock:
“John Hancock Life Insurance Co. has agreed to pay $91.25 million to settle a class action lawsuit accusing the company of using improper mortality rate calculations that caused consumers to pay inflated rates.
On Friday, plaintiff 37 Besen Parkway LLC filed a memorandum supporting its motion for preliminary approval of the John Hancock class action settlement.
‘The $91.25 million settlement fund will be used to compensate tens of thousands of elderly insureds, and is a remarkable result for an alleged breach of a contractual promise that this Court had preliminary concerns about being ‘awfully vague’ and ‘almost sounds illusory,’’the plaintiff says in the memorandum.”
Have you suffered the unexpected loss of a loved one, only to have a claim for life insurance benefits delayed, or denied?
Do you get the feeling that the life insurance company is doing everything it can to avoid paying the claim? Has the life insurance company sent you a letter stating that they are rescinding the policy, making a rescission, or just sending back the premiums paid? Especially if your loved one had the policy for less than two years before passing away, the life insurance company can become very aggressive at seeking to avoid the policy payment. Rescission is a favored strategy of the life insurance company, if the policy was issued less than two years before the death.