John Hancock Financial, a unit of Canada-based Manulife Financial, has launched new Protection UL-G and Protection SUL-G products.

Protection UL-G, the new single life product, offers lifetime guaranteed premiums to clients from issue ages 30 to 90. The product provides a tool for individuals with estate planning and income replacement needs, said John Hancock.

Protection UL-G also offers riders such as the Cash Value Advantage Rider that gives clients the potential to accumulate intermediate cash values in their policy and the LifeCare Benefit rider which allows clients to accelerate their policy death benefit to help pay long-term care expenses.

The new survivorship offering, Protection SUL-G, provides affordable guaranteed lifetime protection to two people, generally spouses. John Hancock added that this product is suited for married clients with wealth preservation needs.

Steve Finch, president of John Hancock Life Insurance, said: "The launch of our Protection UL-G and Protection SUL-G products shows we are committed to providing producers and consumers with the products they need at affordable and responsible prices."