Premier Benefit IUL is a permanent indexed universal life insurance policy that provides death benefit, long-term care benefit, and the potential to build cash value over time. The policy offers flexible premium payments and allocation options between an indexed account tied to S&P 500 performance and a fixed account.

• Employees actively at work, full-time (working at least 30 hours per week, 4 days per week).
• Only those employees with base salary $75,000 and over are eligible.
• Only those employees who are US citizens or reside full-time in the US are eligible.

The premium is based on a number of factors:

• How much death benefit you select.
• Your chosen premium allocation between the fixed and indexed accounts.
• The age that you are at the time of application.
• Your smoking status.
• Your underwriting status based on your answers to health questions.  

Additional medical underwriting review may be required based on your answers to the health questions.

The best way to see your pricing is to click "Build Your Benefit" for an estimate and then "Enroll Today" to begin the enrollment process for pricing specific to you. You are under no obligation to purchase once you start the enrollment process and can exit anytime.

You will enter some personal information and choose a death benefit from 1x, 3x, and 5x your salary, up to a maximum death benefit of $500,000.

This program is a Term Life Insurance Policy with Long Term Care (LTC) Rider Benefits. It provides dual protection for the cost of LTC and financial support for your beneficiaries after you are gone.

When you elect a life insurance benefit amount, you will also get LTC coverage. The LTC coverage amount that you may access is a percentage of the Life Insurance benefit amount and is paid out in monthly increments. 

Any LTC coverage used comes directly from the death benefit proceeds, dollar-for-dollar.

There are generally two ways you might use the policy:

If you need LTC coverage, the benefit will pay a monthly benefit of 4% of the total amount of Life Insurance you buy once you qualify for benefits. For example, if you buy $100,000 in Life Insurance coverage, you will receive $4,000 a month for up to 25 months (about 2 years).

If you don't need LTC in your lifetime, there is still a death benefit available to your beneficiaries. Again, using the example, if you buy $100,000 of life insurance and don't use any LTC expenses, your beneficiaries would still be able to receive up to $100,000 in death benefits.

Yes. Here's how the cash value works:

• Cash value can grow through premium payments and interest credits
• Growth is tax-deferred
• Two account options: Indexed Account (tied to S&P 500) and Fixed Account (guaranteed minimum 1% interest)

• You may choose to allocate your premiums flexibly between the Fixed Index and the S&P Index.
• The Fixed Account has an emphasis on on stability, with a guaranteed minimum 1% interest rate.
• The Indexed Account is tied to the S&P 500, with an emphasis on potential growth.
• The choice should be made based on your risk tolerance and financial goals.

Long term care is the personal care and/or supervision (custodial, supervisory, or skilled care) needed by persons of all ages for an extended period.

Often this is because of conditions associated with the effects of aging, but LTC may be needed at any time due to an accident or illness. At some point in our lives, it is estimated that more than 60 percent of us will need assistance with things like getting dressed, driving to appointments, or making meals.

It is a common misconception that LTC is covered by health or disability insurance. LTC services are typically not covered by Medicare, Medicaid, private health or disability insurance.

• Medicare: Only pays for skilled services or rehabilitative care for a limited time.
• Medicaid: Pays for the largest share of LTC services but has strict income and eligibility requirements.
• Employer / Private Health Insurance: Typically covers the same limited services as Medicare.
• Disability Insurance: Covers lost income for protection during working years but does not cover the cost of LTC services.

If you already have LTC insurance, great! You may want to use this enrollment as an opportunity to review your coverage. It is often recommended to keep your original coverage because of the value it provides. However, if you would like to review your existing plan in more detail, you can meet with one of the LTC insurance specialists supporting this enrollment to review your coverage and options.

If you qualify for LTC benefits, where you receive care is up to you (at home, assisted living, adult day care, nursing home). ‍However, the policy will only pay LTC benefits for care received in the United States.  

Death benefits are paid anywhere in the world. 

This policy is completely portable – meaning you take the coverage with you even when you retire as long as you continue to pay the premiums.

During the application process, you will select from various premium payment options, including:

• Annual pay via direct bill.
• Semi-annual pay via direct bill.
• Monthly pay via automatic bank withdrawal.

Life and LTCi benefits paid are generally received tax-free. However, as with all tax matters, you should consult your personal tax advisor to assess the impact of this benefit. The insurance company has no responsibility for any tax consequences of any benefits paid under this policy. The LTC rider is filed to be a federally tax-qualified LTC insurance contract.

Vitality PLUS is an optional wellness program for policyholders that allow you to earn points for engaging in healthy activities, including, but not limited to

• Walking.
• Getting adequate sleep.
• Engaging in health check-ups.
• Buying healthy foods.
• Other healthy lifestyle activities.

Engaging in these activities earn you points, which can allow you to achieve various status levels: bronze, silver, gold, or platinum.

Rewards for achieving certain status levels include premium savings, apple watch deals, travel discounts, and much more.

For more information on the Vitality PLUS program, refer to this brochure: https://23149698.fs1.hubspotusercontent-na1.net/hubfs/23149698/Vitality%20program%20overview%20consumer%20brochure.pdf

BuddyIns collaborates with benefit brokers, insurance companies, and financial professionals to provide employees and association members with the long term care education and enrollment processes they need to make the best decision for their futures.

John Hancock has been a leader in the insurance industry for over 160 years. 

This experience in providing insurance solutions that fit their clients' financial picture is a very important reason that they were chosen to offer this benefit to Thompson Thrift employees.

Another important item about John Hancock is their financial strength. With an A+ A.M. Best financial rating, they have the stability required to keep their promises, pay their claims, and always be there for their clients.

Learn more about John Hancock at https://www.johnhancock.com/