A.M.BestTV: John Hancock Life Insurance Company President Michael Doughty to Life Industry: Keep It Simple

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OLDWICK - SEPTEMBER 10, 2014 01:25 PM (EDT)
The third in a series of special interviews ^A.M.BestTV is running in September to support Life Insurance Awareness Month is an interview with Michael Doughty, president and general manager of John Hancock Life Insurance Company (John Hancock). Doughty believes buying life insurance can be hard, with too many questions, so in response, his company is looking to technology, providing useful information and new products as a solution.

"The opportunities facing the life industry today are enormous because more Americans need life insurance now than ever before. This need is due to the fact that life insurance ownership is at a 50- year low," stated Doughty. Since most Americans are unaware of how valuable life insurance can be, one of the goals John Hancock has is to educate the public to the three things that make life insurance beneficial. Those are (1) protection for the family due to an untimely death of an income earner; (2) providing assistance in saving and accumulating funds for retirement; and (3) helping in leaving a legacy for loved ones.

Click here to view the video program: http://www.ambest.com/v.asp?v=doughty914.

Recent episodes of ^A.M.BestTV include:

• LIMRA CEO Kerzner: Life Industry Needs to Move Beyond Life Events: Robert A. Kerzner believes life insurers have a huge untapped growth opportunity; yet, they must convince consumers that life insurance is a necessity, not just a purchase tied to major life events: http://www.ambest.com/v.asp?v=kerzner914.


• Boomer Esiason Steps Up for Life Insurance Awareness: Boomer Esiason discusses events in his early life that led him to a new appreciation for the need of adequate life insurance protection: http://www.ambest.com/v.asp?v=esiason914.


• Rates, Catastrophes and Reinsurance Outlook Dominate A.M. Best's Canada Market Briefing: Presenters and attendees at A.M. Best's Market Briefing in Toronto examine the impact of low rates, surprising property losses and A.M. Best's revised outlook for the global reinsurance industry: http://www.ambest.com/v.asp?v=canada914.


• "First Monday": Leading Analysts Discuss Global Reinsurance Sector; Canada's Insurance Industry; Growing U.S. Vision Insurance Market: Looks at the growing concerns on the global reinsurance industry's underwriting discipline; how the Canada property/casualty and life industries have shown resilience against catastrophe losses and regulatory shifts and the potential for growth in the U.S. vision insurance industry: http://www.ambest.com/v.asp?v=firstmonday914.

^A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View ^A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source.