BOSTON /PRNewswire-FirstCall/ -- John Hancock Life Insurance today announced that it has significantly increased the retention limits on its permanent life insurance products.

Effective today, the retention limit for individual life insurance products will be increased to as much as $30 million and the limit for survivorship life insurance products will be increased to as much as $35 million.(1)

"John Hancock is leveraging its key strengths -- some of the highest financial strength ratings in the industry and strong capital levels along with industry-leading underwriting -- to offer clients more coverage to better meet their estate, retirement and business planning needs," said John Hancock Life Insurance President Steve Finch. "Not only do we offer the financial strength and security that producers and clients demand from companies today, but our in-depth expertise in large-case underwriting and advanced markets makes it easier for them to place their largest cases."

Mr. Finch added that John Hancock provides producers and their clients with the convenience of a single carrier to secure more or all of their life insurance coverage.

"This increase in retention limits demonstrates John Hancock's ongoing commitment to meeting the objectives of the high-net-worth market, and the company's focus on continually positioning ourselves to better serve the needs of our clients."

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