Our Benefits

As a John Hancock employee, you have opportunities to succeed professionally in a vibrant culture that values learning, development, and community engagement. The company offers a competitive benefits package that includes not just health and insurance coverage, but also a wide range of financial and work / life benefits.

A great benefits package starts with comprehensive health coverage - and provides more. At John Hancock, we're committed to the health of our employees, and our HealthMatters initiative offers programs to help you stay well and improve your health.?


Medical Coverage

Employees have a choice of three plans with medical benefits through United Health Care and pharmacy benefits through Express Scripts. Employees working in Boston’s Back Bay office and the Twine office in San Francisco also have access to near-site primary care offices through One Medical. Local HMOs are available for those living in Hawaii.

Critical Illness Plan

The Critical Illness Plan provides a lump sum payment if you or an eligible family member is diagnosed with a covered medical condition, such as cancer, a heart attack or stroke. Benefit payments may be used to help pay for expenses generally not covered by medical and disability income coverage.

Dental Coverage

Covers preventive and a percentage of basic and major dental services, both in-network and out-of-network.

Vision Care Coverage

Helps pay the cost of eye exams, glasses and contact lenses, both in-network and out-of-network.


Domestic Partner Coverage

If you're eligible for benefits, you can enroll a same-gender or opposite-gender domestic partner (certain requirements apply).



Wellness is all about you. At John Hancock, we go beyond health insurance to promote and support healthy lifestyles. Through HealthMatters we offer health incentives that can benefit you financially. Whether you want to focus on fitness, nutrition or stress-management, HealthMatters has something for you. Take a health questionnaire, participate in a challenge or attend one of the many seminars and events offered throughout the year.



Flexible Spending Accounts (FSAs)

Allow employees to pay for certain eligible health care and dependent care expenses up to allowable limits in pre-tax dollars.

Stay Fit Benefit

The Stay Fit Benefit allows you to be reimbursed up to $400 for a gym membership, exercise/fitness classes led by a certified instructor, Weight Watchers and tobacco/smoking cessation programs.
Boston employees have access to onsite fitness centers.

Advocacy Services

Advocacy Services offers assistance locating doctors and hospitals covered by your health benefits, timely resolutions of health care billing and insurance claim disputes, facilitation of second opinions and more.


Boston Marathon Employee Training Program

John Hancock encourages employees to participate in the?Boston Marathon?by volunteering or running the historic race. As a program participant, each employee runner is required to raise money for select non-profit organizations.

A formal, robust training program, beginning in early November, is created for employee runners to ensure that they have the best experience possible. In addition to regular clinics and extensive training manuals, the program also offers employees:

  • Coaching and training insights from 1983 Boston champion Greg Meyer and additional elite athletes
  • Supported long runs
  • Fundraising support
  • Social networking opportunities with colleagues
  • Adidas running apparel


As a leading financial services provider, we're determined to help our employees keep the promises they've made to themselves about their financial future. Through our 401(k), pension, stock-ownership and other programs, you can take steps to meet your goals.


401(k) Savings Plan

Allows employees to make pre-tax, post-tax and Roth 401(k) contributions, and offers a variety of investment options. Your pre-tax and/or Roth 401(k) contributions are matched dollar-for-dollar up to 4%. You vest in company matching contributions after three years of service. New hires are automatically enrolled, and you can roll over an eligible retirement plan balance at any time.

Cash Balance Pension Plan

This plan, which is 100% company-funded, provides additional retirement savings through company contributions of at least 4% and interest credits. Eligible employees are automatically enrolled in the plan upon hire, and vest after three years of eligible service.


Global Share Ownership Plan

Gives eligible employees the opportunity to share in the company's future. Eligible employees can contribute 1-5% of eligible pay to purchase shares, and the company will match 25% of those contributions (up to $2,000).


Life Insurance

Basic Life Insurance and Basic Accidental Death and Dismemberment (AD&D) Insurance are provided by the company. Optional Employee and Dependent Life Insurance, and Optional AD&D insurance are available.


Accident Plan
The Accident Plan provides a fixed lump sum payment (based on a schedule of benefits) when you or an eligible family member suffer a covered injury or undergo covered testing, medical services, or treatment due to an accident.


Short-Term Disability (STD) provides financial security in the event of absence from work due to illness or non-occupational injury, up to six months. Long-Term Disability (LTD) is designed to protect employees who are disabled longer than six months.


FinanceMatters aims to help employees meet their financial goals and objectives by providing financial information, decision support, solutions and cost savings to employees. Under the Financial Planning Benefit, you can be reimbursed up to $400 for qualified financial planning expenses each year. Discounts are available on John Hancock products such as 529 college savings plans and John Hancock mutual funds.

Discount Auto and Home Insurance

Employees can purchase auto and home insurance at special group discount rates.

At John Hancock we believe that success is not just a destination, it's a journey and you lead the way.?Increase your work-related education through tuition assistance (subject to your manager's approval). Our in-house Leadership & Learning team offers leadership, technical and professional development programs designed to increase job skills and aid in continued career growth.

We know that achieving a healthy work/life balance is critical to long-term productivity and success, so John Hancock offers a number of programs designed to help you and your family.


Vacation Time

Competitive vacation time allotment is based on employment status, job grade and length of service.



The company recognizes nine annual holidays, including eight company-wide holidays and one floating holiday.

Other Paid Time Off

Three Personal Days per year
Up to three Family Care Days per year to care for an ill family member
Up to five Sick Days per year
Up to 12 weeks Paid Parental Leave following the birth or adoption of a child

Backup Child Care and Adult/Elder Care

Center-based back-up child care and in-home child and adult/elder care services are available for employees who work anywhere in the U.S.

Adoption Benefit

Reimburses up to $3,000 of eligible expenses toward the cost of adopting a child.


Pet Insurance

Employees can take advantage of special group discount rates to take care of their furry friends.


Flex-Time Hours and Flexible Work Arrangements

Flex-time hours and flexible work arrangements, including telecommuting, may be available subject to management discretion, business needs and department head approval.


Employee Assistance Program (EAP)

Offered free of charge, 24 hours a day, this confidential coaching and resource/referral service can help employees and their families deal with life's challenges, including legal and financial.


Commuter Benefits

This national program covers train, light rail, bus, subway, vanpool, ferry and parking (at or near work, at or near public transportation for your commute) - anywhere. Employees can enroll in the commuter benefit online through Wage Works. Employees pay for this benefit through pre-tax payroll deduction up to IRS limits.


Group Legal Plan

Employees can purchase legal services at a group discount rate.

Covers a range of services (wills, mortgages and identity theft) and offers a nationwide network of attorneys.

From the Boston Marathon to summer jobs for youths, John Hancock has a long history of creating innovative programs with strategic partners to support those most in need in the communities where we live and work.

Matching Gifts Program

Provides a company match for employees' donations to a variety of eligible non-profit organizations.


Volunteer Opportunities

John Hancock is proud to be a leader in corporate volunteerism in Boston, with thousands of hours committed to serving our community each year.? Employees are given one paid Community Spirit Day to volunteer at a registered charity or not-for-profit organization.?

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Some benefits and programs may be elected during the annual Open Enrollment period in November, and others are available for you to access at any time during the year.This summary contains brief descriptions of various benefits and programs available to eligible John Hancock and Manulife Financial U.S. employees.

This summary does not attempt to cover all details. In some instances, full details are available in formal written plan documents that legally govern the operation of the Plans. If the information in this summary differs in any way from the terms of the plan documents, the plan documents shall control. This summary is not intended to be a contract of employment or a statement of enforceable benefits or employment rights. John Hancock and Manulife Financial reserve the right to modify or amend, at any time and in any way whatsoever, the terms of these plans, including eligibility requirements, and to terminate the plans completely.

Notice of Reasonable Alternative Standard
Your health plan is committed to helping you achieve your best health. Rewards for participating in a wellness program are available to all employees enrolled in the health plan. If you think you might be unable to meet a standard for a reward under this voluntary wellness program, you might qualify for an opportunity to earn the same reward by different means.