New Subadvisory Agreement for John Hancock Variable Insurance Trust
John Hancock Variable Insurance Trust (“JHVIT”) has announced a new subadvisory agreement. The agreement, detailed in a recently released Information Statement, highlights changes set to take effect starting from August 21. John Hancock’s decision extends their reach and is in line with their commitment to providing comprehensive insurance coverage.
Connection to Life Insurance
The restructured subadvisory agreement presents a strategic move to enhance their insurance offerings, particularly in the life insurance sector. Notably, the benefits of updating such agreements ripple out broadly, impacting various areas of life insurance.
Benefits of Life Insurance
Life insurance provides several key benefits:
- Financial Security: Ensures that beneficiaries are financially protected in case of the policyholder’s untimely demise.
- Income Replacement: Helps replace the policyholder’s income, maintaining the beneficiaries’ standard of living.
- Debt Relief: Can be used to pay off debts, including mortgages, so loved ones are not burdened with financial liabilities.
- Tax Benefits: Offers tax advantages, as payouts are often tax-free.
Sub-topics Covered by Lifetimeinsurance.org
Life insurance is a broad field that covers various specific needs:
- Business/Career Insurance: Protects business interests and provides for a smooth transition in business ownership or management.
- Retirement Insurance: Ensures a steady income stream during retirement years, protecting against outliving your resources.
- Marriage/Divorce Insurance: Offers financial protection during life changes such as marriage or divorce.
Sources and Insights
The new subadvisory agreement aligns John Hancock’s strategies with the contemporary requirements of life insurance policyholders. According to John Hancock’s recent filings and reports, the revamp demonstrates their proactive approach in adapting to market dynamics.
For further details, the Information Statement is available on StreetInsider at this link.
Conclusion
John Hancock’s new subadvisory agreement underscores the ongoing commitment to enhancing life insurance services, providing beneficial coverage to a wide array of policyholders. These strategic shifts ensure that life insurance continues to serve as a robust tool for financial planning and protection.