Annexus Partners with John Hancock to Enhance Indexed Universal Life Product

Annexus, a leading independent retirement product design and distribution company, has announced a groundbreaking partnership with John Hancock, a longstanding player in the Life insurance industry. This collaboration aims to bring a retooled indexed universal life product to the market, combining Annexus’ innovative indices with John Hancock’s expertise in Life insurance.

John Hancock, known for supporting over ten million Americans with a wide range of financial products, including Life insurance, is a pioneer in the behavioral insurance space with its unique Vitality program. The partnership with Annexus will enhance John Hancock’s Protection IUL product by integrating Annexus’ indices and the all-new PRISM Booster Strategy. This will provide consumers with a wider range of indexed account options to meet their individual needs.

Ron Shurts, co-founder and CEO of Annexus, expressed excitement about the collaboration, stating, “As Annexus continues to grow and push the boundaries of what’s possible in Life insurance and retirement planning, it only made sense to work with John Hancock, one of the most prestigious and respected players in the protection IUL space. We’re excited about bringing Annexus innovation to this Life insurance leader and our distribution partners.”

John Hancock Life insurance Co., established in 1862 and named after American Patriot John Hancock, is a Boston-based insurer and one of the oldest in the United States. According to LIMRA, John Hancock ranked 11th in first-quarter Life insurance premium sales with $107 million.

Neal Kerins, vice president of product development at John Hancock, highlighted the benefits of the collaboration with Annexus, stating, “This collaboration enables us to expand our indexed account offerings to continue to meet our customers’ evolving needs. Our work with Annexus will also extend the reach of John Hancock’s Vitality Program, offering long-term financial protection, significant savings, and rewards for customers who take steps towards a longer, healthier life.”

Overall, the partnership between Annexus and John Hancock represents a significant step forward in the Life insurance industry, combining cutting-edge technology and expertise to provide consumers with innovative and tailored solutions for their financial needs. This collaboration is set to bring a retooled indexed universal life product to the market, offering consumers a wider range of options to secure their financial future.