BOSTON, March 3, 2014 /PRNewswire/ -- John Hancock Insurance today announced that it has launched an improved Long-Term Care (LTC) rider that is available on many of its life insurance products. The rider now provides greater design flexibility when insuring against rising costs of long-term care. "The need for long-term care represents one of the most significant financial risks an individual can face," said Mike Doughty, President, John Hancock Insurance. "An unexpected long-term care event can quickly deplete savings and impact financial security in retirement. Adding the enhanced LTC rider to any of John Hancock's permanent single life products is one simple solution – providing both death benefit protection and long-term care coverage." The new LTC rider provides consumers with more coverage for retirement planning with an increasing death benefit option, as well as more flexibility to specify the LTC coverage needed, helping balance LTC and estate planning needs. "We are continually enhancing our portfolio to provide the financial protection and retirement solutions American families depend on," Mr. Doughty said. "Our enhanced long-term care rider is just one example of that commitment." About John Hancock Financial and Manulife Financial John Hancock Financial is a division of Manulife Financial, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife Financial in Canada and Asia, and primarily as John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were C$599 billion ( US$563 billion) as at December 31, 2013. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com. The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities,investments, 401(k) plans,long-term care insurance,college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com. Insurance policies and/or associated riders and features may not be available in all states.