John Hancock Policy Crediting Rate and Indexed Account Parameter Changes

John Hancock, is making the following adjustments effective March 1, 2024:

  • Crediting rates will increase on the retail indexed UL Fixed Account — most products will increase by 30 basis points, while Accumulation IUL 23 and Premier Benefit IUL will increase by 80 basis point.
  • For Accumulation IUL 23, participation rates will increase by 15%-20% on Barclays Global MA Indexed Accounts.
  • Most caps for indexed accounts without an Indexed Performance Charge (IPC) will have an increase, while most caps for indexed accounts with an IPC or two-year durations will decrease.
  • Crediting rates will increase by 5-10 basis points on certain retail UL products and VUL Fixed Accounts.
  • Protection UL and Protection SUL crediting rates remain unchanged.

See the entire bulletin here.

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