John Hancock Car Insurance Review [2020]

John Hancock auto insurance is not offered because John Hancock Insurance Company is a life insurance company. Our John Hancock Insurance Company review will cover the company's ratings and exclusive services. Use our free tool below to compare car insurance quotes online.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 29, 2021

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Company Details
Address: 197 Clarendon Street # C6
City: Boston
State: Massachusetts
ZIP Code: 02116-5010
Phone Number: 617-572-6000
Year Founded: 1862
AM Best Rating: A+
Company Rating 0 (0 reviews)

Here's what you need to know...

  • John Hancock is one of the top life insurance companies in the U.S.
  • John Hancock’s parent company, Manulife Financial, allows them to offer other services such as investment management.
  • John Hancock does not offer car insurance despite its variety of other available services.

You won’t be able to get John Hancock auto insurance coverage or find any John Hancock auto insurance affiliates. John Hancock offers 401(k) plans, college savings, life insurance, and other services. This John Hancock Insurance Company review evaluates the Boston, Massachusetts-based company John Hancock Financial Services.

Continue reading the learn more about one of the top life insurance companies in the United States.

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About John Hancock Financial Services

According to A.M. Best, John Hancock is one of the best life insurance companies in the United States.

John Hancock was purchased in 2004 for $10 billion by Manulife, the holding company of The Manufacturers Insurance Co. of Toronto, Canada. John Hancock has a skyscraper known as John Hancock Tower. It’s located on 200 Clarendon Street, Bostom, Massachusetts.

Manulife also purchased John Hancock’s Insurance Agency of Canada and its Canadian properties, Maritime Life Assurance, in 2004.

John Hancock offers several additional services, such as:

  • Property & casualty
  • Individual life insurance
  • Wealth and financial management
  • Group pension
  • Life and health insurance products

Life insurance also includes John Hancock’s term life insurance. Let’s compare John Hancock’s term life insurance rates with the national industry average.

John Hancock Insurance Company Rates Compared to National Life Insurance Average
AGEJOHN HANCOCK INSURANCE COMPANY AVERAGELIFE INSURANCE INDUSTRY AVERAGE
20s$27.66$28.02
30s$28.61$32.06
40s$53.61$60.97
50s$127.81$152.00
60s$459.16$152.00
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John Hancock’s term life insurance is close to the national average, except for customers in their 60s. Customers 60 years old and older will pay $307.16 more.

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John Hancock Insurance Company Financial Services

John Hancock’s car insurance options don’t exist. So, you won’t find any John Hancock auto insurance review. You will find that John Hancock offers investment management and lending services through its parent company.

However, it doesn’t mean you can’t get investment solutions with John Hancock. The company has a program called the John Hancock Closed-end Funds. There are two different types of investment programs at John Hancock, which distribute a customer’s income.

John Hancock annuities is a different department than investments. Under John Hancock annuities, you’ll be able to combine investment and various protection perks into one product. If you search for choosejohnhancock.com, you’ll be taken to John Hancock’s Final Expense Insurance.

Other John Hancock Insurance Services

John Hancock provides more than a life insurance policy search. There are other interesting services you can use. Take the John Hancock Vitality Program, for example.

You can receive access to personal health tips, discounts on fitness tracking devices, and rewards up to $120 on fresh produce through John Hancock’s Vitality Program.

The John Hancock Vitality Program reviews your health, so you may have to share some medical information, such as results from physical and other related conditions, as it pertains to your overall health.

John Hancock’s travel insurance is also available for consumers. It’s one of the many services John Hancok Insurance Agency, Inc. offers. You can visit https://www.johnhancocktravel.com/our-plan#/quote to start shopping for John Hancocks Insurance Agency’s travel insurance.

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John Hancock Insurance Company Ratings

If you’ve ever been interested in John Hancock’s life and travel insurance reviews, you’ll need to know where the company’s financial and credit standings.

Have a look at this collection of ratings to get an idea of why John Hancock Insurance Company is one of the best insurance companies in the United States.

John Hancock Insurance Company Summary and Ratings
SummaryStatsSource
UnderwriterJohn Hancock Life Insurance CompanyNational Association of Insurance Commissioners
Company's Marketshare of Premiums in the U.S.(2020)0.44%National Association of Insurance Commissioners
Premiums Written (2020)$20,649,196,907National Association of Insurance Commissioners
Standard & Poor's Financial RatingAA-Standard & Poors
Moody's Financial RatingA2Moody's
A.M. Best Financial RatingA+A.M. Best
NAIC Company Complaint Index (2020)0.36National Association of Insurance Commissioners
Company Total Complaints73National Association of Insurance Commissioners
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Since 2017, the market share for John Hancock Insurance Company has decreased from 3.32 percent to 0.44 percent. The company’s market share may have reduced due to top competitors adding similar services to their company.

John Hancock Insurance Agency maintains its financial strength and credit ratings, as seen by A.M. Best, Standard & Poors, and Moody’s. All grades indicate that the company has a stable outlook and has a superior ability to meet customer obligations.

Also, John Hancock Insurance Company’s complaints are currently below the average. Despite their low complaint performance, there’s a class-action lawsuit against John Hancock that was filed in March 2020.

The class action lawsuit accuses John Hancock Life Insurance Company of misuse of life insurance products, costing customers millions in fees.

Bad press could negate any positive 2019 John Hancock 401(k) reviews or any reviews a customer has read.

How do I contact John Hancock Insurance Company?

You can reach John Hancock’s customer service by phone. Each service has its department, which we’ll list here:

  • Annuties – 1-800-344-1029
  • Fixed Products – 1-800-624-5155
  • Investments – 1-800-225-5291
  • Life Insurance – 1-800-732-5543
  • Long-Term Care – 1-800-377-7311
  • Retirement – 1-800-294-3575 (Open Architecture Plans), 1-800-395-1113 (Signature Plans)
  • Structured Settlements – 1-866-275-5477

John Hancock Travel Insurance can be reached at 1-866-888-7803. If you need to send an email, you can send it to [email protected]

John Hancock Careers

John Hancock Insurance Company has a place on its website where you apply for jobs as well. Go to the John Hancock website, scroll down to the bottom menu, and look on the lower right side. Click “Careers” under the Quick Links to access John Hancock’s online career center.

About Manulife Financial Corporation

John Hancock’s parent company also works closely with Edward Jones, the retail brokerage firm, to expand its U.S. prospective client base.

Retail fund assets acquired by Manulife from AIC, a Canadian mutual fund company, and Pottruff & Smith, a travel insurance firm, help the company extend its markets for the new insurance business.

John Hancock’s business in the U.S. market still accounts for almost half of Manulife’s yearly revenues.

Manulife’s stock quote is 15.16 USD as of August 2020. This is subject to change as the stock market is as unpredictable as the weather.

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Frequently Asked Questions: John Hancock Insurance Company Review

#1 – Is John Hancock Life Insurance Good?

John Hancock Insurance Company has been rated excellent overall, as seen in A.M. Best Ratings.

#2 – How long does it take to get a 401k loan check from John Hancock?

You can receive a John Hancock check in seven to ten business days.

#3 – Who bought John Hancock?

Manulife Financial Corporation bought John Hancock and its Canadian affiliates in 2004.

#4 – What is the highest-rated life insurance company?

Prudential has been rated as the best overall in life insurance.

#5 – How much is John Hancock Life Insurance?

John Hancock life insurance costs $30 to $459.

#6 – Does John Hancock still sell long term car insurance?

No. John Hancock Insurance Company stopped selling long-term car insurance policies on November 10, 2016.

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