Tag: Applied Monthly Rates

John Hancock Settles Insurance Class Action for $91 Million

July 31, 2018 by

John Hancock Life Insurance Company (U.S.A.) has entered into a preliminary settlement with certain owners of its universal and variable universal life insurance policies who have policies that contain a contractual promise that “Applied Monthly Rates will be based on [John Hancock’s] expectations of future mortality experience”—and nothing else.