Coverage amounts are offered from $250,000 to $65 million for buyers ages 18 to 80. Protection Term is a good option for shoppers who want stable premiums. You could also save up to 25% on your life insurance premiums, according to John Hancock. The Vitality PLUS program rewards you with discounts on some goods and services for making healthy lifestyle choices. The main difference between Protection Term and Vitality Term is that Protection Term offers the Vitality PLUS rider as an optional rider, while Vitality Term comes with the rider built in. John Hancock offers term lengths of 10, 15, 20 or 30 years and a choice of two term policies: Protection Term and Vitality Term. It is often the cheapest way to purchase life insurance and is a preferred option for those seeking coverage for a specific period. Term life insurance has a specific time period for fixed premiums, known as the term.
