John Hancock has launched two new universal life insurance products: New Protection UL-G and Protection SUL-G.

Both products offer valuable death benefit guarantees at affordable premiums, flexible design options and riders offering strong value, the Boston, Mass.-based insurer said.

Protection UL-G, the new single life product, offers lifetime guaranteed premiums to clients from issue ages 30 to 90.

Protection UL-G also offers riders such as the Cash Value Advantage Rider, giving clients the potential to accumulate strong 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 insurer said.

The new survivorship offering, Protection SUL-G, provides affordable guaranteed lifetime protection to two people, generally spouses, the company said, noting it targets married clients with wealth preservation needs.