Loans and withdrawals will reduce the death benefit and the cash surrender value, and may cause the policy to lapse

Loans and withdrawals will reduce the death benefit and the cash surrender value, and may cause the policy to lapse

HealthyFood savings are based on qualifying purchases and may vary based on the terms of the John Hancock Vitality Program. The HealthyFood program is currently not available in Guam.

The complimentary Amazon Halo device and three-year Halo membership are only available to new Vitality PLUS Members and are not available with policies issued in New York, Puerto Rico and Guam. At the end of the complimentary Amazon Halo health and wellness membership, charges will apply automatically to the credit card on file with unless the membership is opted out of. Amazon Halo allows Vitality members to earn Vitality Points for physical activity, Halo Sleep and Halo Programs. The Amazon Halo health and wellness membership is required to earn Vitality Points for Halo Sleep and access the full catalog of Halo content. Other features of Halo are not eligible for Vitality Points with the Vitality Program. Amazon and all related marks are trademarks of , Inc. or its affiliates.

REI is not affiliated with the John Hancock Vitality Program. REI does not sponsor, endorse or have any responsibility for this promotion.

This material does not constitute tax, legal, investment or accounting advice and is https://cashcentralpaydayloans.com/payday-loans-ri/ not intended for use by a taxpayer for the purposes of avoiding any IRS penalty. Comments on taxation are based on tax law current as of the time we produced the material.

Lapse or surrender of a policy with a loan may cause the recognition of taxable income. Withdrawals in excess of the cost basis (premiums paid) will be subject to tax and certain withdrawals within the first 15 years may be subject to recapture tax. Additionally, policies classified as modified endowment contracts may be subject to tax when a loan or withdrawal is made. Withdrawals are available after the first policy year.

Life insurance death benefit proceeds are generally excludable from the beneficiary’s gross income for income tax purposes. There are few exceptions such as when a life insurance policy has been transferred for valuable consideration.

John Hancock Vitality Program rewards and discounts are only available to the person insured under the eligible life insurance policy. Rewards may vary based on the type of insurance policy purchased for the insured (Vitality Program Member). Rewards and discounts are subject to change and are not guaranteed to remain the same for the life of the policy.

Please note: if your address has been updated within the last 30 days, the form will need to be notarized.

You can also update by calling our Customer Service Department at 800-732-5543, Monday – Friday, from 8 a.m. to 6 p.m. ET.

You cannot use Live Chat to request a callback. If you prefer to speak to someone instead, please call our toll-free customer service number.

Yes. Our technology is a secure way of verifying callers. Unlike passwords or PINs, your voiceprint can’t be guessed. It is also not a recording and can’t be used to gain access to any other system or to create a sound recording of your voice.

In most cases, only the interest credited on the death benefit is subject to income tax. We report the interest to the IRS and the beneficiary on Form 1099-INT. Please note that part of the death benefit may be taxable if the policy was held in a qualified retirement plan or had been transferred for value. Please consult your tax advisor for further details specific to your situation.

Yes! Vitality GO and Vitality PLUS members can earn up to 50 Vitality Points each month for their qualifying healthy food purchases, and save up to $120 a month on Healthy Savings weekly promoted items using the Healthy Savings card or mobile app. In addition, Vitality GO members can save up to an additional $15 a month on fresh produce purchases, and Vitality PLUS members can save up to $50 a month.

Supporting your health and safety is our top priority and we are committed to continuing to provide you the many benefits and rewards associated with your Vitality membership.

Cash value available for loans and withdrawals may be more or less than originally invested

Life insurance death benefit proceeds are generally excludable from the beneficiary’s gross income for income tax purposes. There are few exceptions such as when a life insurance policy has been transferred for valuable consideration.

A federal tax penalty of 10% may also apply if the loan or withdrawal is taken prior to age 59 1/2

Vitality GO is not available with policies issued in New York & Puerto Rico. The HealthyMind, and benefits are not available in New York.