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Catalina Structured Funding

Selling John Hancock Structured Settlement Payments

If your structured settlement is issued by John Hancock, you can sell some or all of your future payments for a lump sum. Here is what you need to know about John Hancock's 6-month transfer rule, how to get your benefits letter, and how we handle the process.

John Hancock Life Insurance Company (a subsidiary of Manulife Financial) is a well-known structured settlement annuity issuer. If you receive structured settlement payments from John Hancock, you have the legal right to sell some or all of your future payments for a lump sum. We see John Hancock annuities regularly and they are generally one of the more cooperative issuers to work with on transfers.

John Hancock's 6-Month Transfer Rule

John Hancock has a policy that restricts new transfers within 6 months of the court order approving a prior sale. This is measured from the date the court entered the order approving your previous transfer, not the filing date. If you've previously sold structured settlement payments through a court-approved transfer, you'll need to wait 6 months from the date of that court order before a new transfer can be processed.

Note the distinction from other issuers: some companies measure from the petition filing date, while John Hancock measures from the court approval date. This means the effective waiting period may be slightly shorter since the court order typically comes weeks after filing.

How to Get Your John Hancock Benefits Letter (Verification of Benefits)

A Verification of Benefits (VOB) letter confirms the details of your structured settlement payment schedule. Here is how to obtain one from John Hancock:

  • John Hancock has a dedicated Verification of Income form (Form SSVOIFM)
  • Call (800) 624-5155 (Group Annuities / Structured Settlements, 8:30 AM – 5:00 PM ET)
  • You'll need your contract or policy number, full name, and Social Security number
  • The VOB form can also be downloaded from John Hancock's website
  • Expect processing to take 7–14 business days

Tip: You don't need a benefits letter to get a free quote from CSF. Call us at (800) 317-3769 and we can help you get started right away.

How CSF Handles John Hancock Transfers

CSF regularly works with John Hancock and has extensive experience with their transfer process. Here is how it works:

  1. Free quote: call (800) 317-3769 or request a quote online
  2. CSF reviews your payment schedule and structures the transaction to meet your needs
  3. We handle all court filings and legal paperwork required under your state's Structured Settlement Protection Act
  4. After court approval, John Hancock processes the transfer and redirects your payments
  5. You receive your lump sum: typically within a few business days of the court order

One thing we have noticed with John Hancock: their post-approval processing is usually faster than average. Once the court signs off, John Hancock tends to redirect payments within a few business days. If you have questions about your John Hancock annuity, call us at (800) 317-3769. We can walk you through what to expect.

Frequently Asked Questions

Can I sell my John Hancock structured settlement?
Yes. If you receive structured settlement payments from John Hancock, you have the legal right to sell some or all of your future payments for a lump sum of cash. Every transaction requires court approval under your state’s Structured Settlement Protection Act. CSF regularly purchases John Hancock structured settlement payments and handles the entire process, including all court filings and legal paperwork.
What is the 6-month rule for John Hancock transfers?
John Hancock requires that at least 6 months pass from the date of the court order approving your prior sale before a new transfer can be processed. This is measured from the date the court entered the order, not the date the petition was filed. If you have previously sold structured settlement payments through a court-approved transfer, you will need to wait 6 months from that court order date before initiating a new transaction.
How is John Hancock’s 6-month rule different from other issuers?
John Hancock measures the 6-month waiting period from the date the court order was entered, while some other issuers measure from the date the petition was filed. Since the court order typically comes several weeks after the petition is filed, John Hancock’s effective waiting period may be slightly shorter than issuers who measure from the filing date.
How do I contact John Hancock about my structured settlement?
Call John Hancock’s Group Annuities / Structured Settlements department at (800) 624-5155. Representatives are available Monday through Friday, 8:30 AM to 5:00 PM Eastern Time. Have your contract or policy number, full name, and Social Security number ready when you call.
Can I sell life contingent John Hancock payments?
Yes. CSF specializes in purchasing life contingent structured settlement payments, including those issued by John Hancock. Life contingent payments carry additional actuarial risk because they stop when the measuring life passes away, so not every company will purchase them. CSF has the underwriting expertise and funding partners to provide competitive offers on life contingent deals.
How long does a John Hancock transfer take?
A John Hancock structured settlement transfer typically takes 30 to 60 days from the time you accept an offer to when you receive your lump sum. This timeline is driven primarily by the court approval process required under your state’s Structured Settlement Protection Act. CSF handles all court filings and scheduling on your behalf and may be able to arrange a cash advance while you wait.

Get a Free Quote for Your John Hancock Payments

The best way to find out what your John Hancock payments are worth is to get a quote. There is no cost, no obligation, and no pressure.

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