Key Person Insurance. Protecting Your Business From The Loss Of Key Employees. Place Image Here. Prepared For: Valued Company. Presented By:... Tel.:.

Size: px
Start display at page:

Download "Key Person Insurance. Protecting Your Business From The Loss Of Key Employees. Place Image Here. Prepared For: Valued Company. Presented By:... Tel.:."

Transcription

1 Key Person Insurance Protecting Your Business From The Loss Of Key Employees Place Image Here Prepared For: d Company Presented By:.... Tel.:. Insurance products are issued by: Insurance John Hancock products Life Insurance are issued Company by: John (U.S.A.), Hancock Boston, Life Insurance MA and securities Company offered New through York, Valhalla John Hancock NY. Securities Distributors Products LLC through distributed other by broker/dealers John Hancock Distributors Insurance that have a products selling LLC through agreement are issued other with by: broker/dealers John Hancock appointed Life Distributors Insurance by John LLC Company Hancock, 197 Clarendon (U.S.A.), Distributors Boston, Street, LLC, MA Boston, Clarendon MA Street, Boston, MA April 12, 2011

2 Key Person Insurance Key Person Insurance Prepared for d Company Presented By. Key Person Insurance is a planning tool designed to assist you in exploring potential business planning options through the use of life insurance and investing. However, this presentation is not intended as your business plan nor is it a specific recommendation for your business plan. This presentation is for demonstrative purposes only. This analysis does not constitute a recommendation of a particular option over any other planning alternative. Other alternatives may be more appropriate or suitable for your particular situation and should be discussed with your legal, tax, and accounting advisors prior to your making any gifting or purchase decisions. John Hancock New doesyork not guarantee does not guarantee the accuracy the accuracy of the KeyofPerson the KeyInsurance Person Insurance system or system the output. or thejohn output. Hancock John Hancock will notnew be liable Yorkfor will any notdamages be liable for arising anyfrom damages the use arising or misuse from the of this usesoftware or misuse or of from thisany software errors or omissions from any errors in the or same. omissions John Hancock in the same. assumes John no Hancock duty tonew update York thisassumes softwareno or duty to provide to update notice this of software any errors in to the provide software notice or of applicable any errors changes in the software in the law. or applicable changes in the law. Figures used in this program illustrate various benefit/retirement planning concepts, which are based upon both assumptions and data provided by you, the client. Your furnishing of accurate data will help enhance the value of this analysis. However, all assumed growth rates for assets are based upon information provided and assumed by you and are not a guarantee of the future performance of the life insurance policy. Please review the assumptions page for accuracy of information. This supplemental illustration assumes that the currently illustrated non-guaranteed elements will continue for all years shown. This is not likely to occur and actual results may be more or less favorable than those shown. The actual consequences of a particular planning alternative will depend on many variables, some of which may not be accounted for or fully described in this presentation. Unless otherwise indicated, the income tax, estate tax, and generation-skipping transfer (GST) tax implications of other specific transactions are not reflected in the analysis. Before you make any investment, business, or tax planning decisions (or change title to any assets or change beneficiary designations), your legal and tax advisors should be consulted to determine (1) the suitability of a particular planning alternative for you, and (2) the precise legal, tax, investment, and accounting consequences of that alternative. This material doesnot not constitute tax, tax, legal legal or or accounting advice advice and neither and neither John Hancock John Hancock New York nor nor any any of of its itsagents, employees or registered representatives are in the business of offering such advice. It was not intended or written for use and cannot be used by any taxpayer for the purpose of avoiding any IRS penalty. It was written to support the marketing of the transactions or topics it addresses. Anyone interested in these transactions or topics should seek advice based on his or her particular circumstances from independent professional advisors. Internal Compliance Number: MLI Page 2 of 11 April 12, 2011

3 Key Person Insurance TABLE OF CONTENTS Prepared for d Company Presented By. A. Key Person Insurance B. Flowchart of Key Person Insurance C. Key Person Insurance - Ledger D. Composite E. Assumptions F. Census G. Glossary Page 3 of 11 April 12, 2011

4 Key Person Insurance KEY PERSON INSURANCE Prepared for d Company Presented By. THE PROBLEM You may be concerned about protecting your business from the death of a key employee whose knowledge and contribution to the company are invaluable. The loss of a key person may result in not only a loss in sales but also a potential loss of important contacts and goodwill. Your company s credit position may also be compromised. THE SOLUTION You can protect your business from the loss of a key person by implementing a key-person insurance plan in which your company purchases and owns a life insurance policy on the life of a key employee. The life insurance policy will provide the company the liquidity needed to keep the business running in the event of the key employee s premature death. The plan provides the cash needed to hire a qualified replacement and/or to purchase the additional human capital or assets necessary to keep the business operating. The plan may also help to replace lost profits as a result of the death. HOW IT WORKS You will need to consider who the key employees in your company are and what skills they have that make them invaluable to the company. There are many factors to consider when determining the amount of life insurance coverage. While a good rule of thumb is to purchase five to ten times the employee s annual compensation, you need to also consider the actual cost of replacing the employee in the current market as well as the employee s contribution to company profits. In addition, you will need to take into account the employee s knowledge, skills and relationships that are hard to replace. Your company can then purchase and own a permanent life insurance policy on the life of a key person. The company is named as the beneficiary of the policy and will pay the premium. The death benefit, when paid, may be used to replace lost profits, recruit and/or retain qualified replacements, or protect the company s credit. The employee does not have any interest in the policy, nor does his family receive any benefits from the policy when death occurs. The life insurance policy is a valuable asset on the corporate balance sheet. The company may take policy loans and withdrawals from the policy s potential cash value accumulation to cover unexpected corporate expenses 1. The policy cash values may also be used by the company to provide the executive supplemental retirement income in the event that death does not occur during the working years. Alternatively, the policy can be transferred to the employee at retirement. In this case the company would make a tax-deductible transfer to the employee while the employee would pay ordinary income taxes on the value of the policy. Premium Death Benefit Company John Hancock Life Insurance Company (U.S.A.) Executive 1 Loans and withdrawals may reduce the death benefit and will reduce the cash surrender value. The cash values available for loans and withdrawals may be more or less than the original amount invested. Loans and withdrawals may cause the policy to lapse. A lapse or surrender of a policy while loans are outstanding may cause recognition of taxable income. Loans and withdrawals from a life insurance policy that is classified as a Modified Endowment Contract (MEC) may be subject to tax at the time the loan or withdrawal is made. A federal tax penalty of 10% may also apply if the loan or withdrawal is taken prior to age 59½. Page 4 of 11 April 12, 2011

5 Key Person Insurance KEY PERSON INSURANCE Prepared for d Company Presented By. BENEFITS A key-person insurance plan funded with a permanent life insurance policy: Provides the cash necessary to keep the business operating smoothly Assures creditors that the company continues to succeed Assures customers that the company is stable and running as usual Covers the expense of finding and training a replacement Provides the company with a valuable asset on the company s balance sheet that can be used for unexpected corporate expenses Can be transferred to the employee or used by the company to supplement the key person s retirement income CONSIDERATIONS The premiums paid are not tax-deductible by your company. The company s ownership of the life insurance may trigger the alternative minimum tax if the company is structured as a C corporation If the policy provides the employee with supplemental retirement income, the payments will be taxable to the retired employee The purchase of life insurance has costs and risks associated with it, including the cost of insurance. Purchasing variable life insurance also involves investing in underlying investment accounts that correspond to a client s investment objectives and level of risk tolerance. The types of risks associated with investing in these accounts include potential market, portfolio, inflation and international risk. The primary purpose of variable life insurance is to provide lifetime protection against economic loss due to the death of the insured person. Variable life insurance products are long term contracts and are sold by prospectus. For more information, please refer to the product prospectus. PLANNING OPTIONS The following flowcharts and ledger pages illustrate the plan mechanics, and the costs and benefits of the key person plan Page 5 of 11 April 12, 2011

6 Key Person Insurance KEY PERSON INSURANCE Prepared for d Company Presented By. PROPOSED PLAN WITH POLICY TRANSFERRED TO EXECUTIVE Transfer d Company Premium Payments Retirement Benefits Executive Income Tax-Free Death Benefit IRS John Hancock Life Insurance Company (U.S.A.) Executive's Beneficiaries Withdrawals and loans from life insurance policies that are classified as modified endowment contracts may be subject to tax at the time the withdrawal or loan is made. A federal tax penalty may also apply if the withdrawal or loan is taken prior to age 59½. Withdrawals and loans have the effect of reducing the death benefit and cash surrender value and may cause the policy to lapse. Lapse of a life insurance policy can cause the loss of death benefits and adverse income tax consequences. Depending on the performance of underlying investment options, cash values available for loans and withdrawals may be worth more or less than the original investment amount. Page 6 of 11 April 12, 2011

7 Key Person Insurance KEY PERSON INSURANCE PLAN FOR VALUED CLIENT John Hancock's Protection UL 11 with Initial Death Benefit of $2,000,000 & Initital Premium of $26,926 CORPORATION Net Cash Surrender Death Benefit Increase in Net CSV / Comp. Expense Annual Impact on Earnings Cumulative Impact on Earnings Prepared for d Company Presented By. ( is Transferred in year 16 & Employer will Bonus the Taxes) Transfer from Employer (Including Taxes)¹ EXECUTIVE Net Cash Surrender Yr Att. Age Annual Premium Distribution Tax Savings After Tax Cash Flow Tax Due Annual Premium Distribution Net After Tax Outlay , ,000,000 0 (26,926) 0 (26,926) (26,926) , ,174 2,000,000 0 (26,926) 19,174 (7,752) (34,678) , ,255 2,000,000 0 (26,926) 23,081 (3,845) (38,523) , ,920 2,000,000 0 (26,926) 23,665 (3,261) (41,784) , ,216 2,000,000 0 (26,926) 24,296 (2,630) (44,414) , ,209 2,000,000 0 (26,926) 24,994 (1,932) (46,347) , ,842 2,000,000 0 (26,926) 25,633 (1,293) (47,640) , ,165 2,000,000 0 (26,926) 26,323 (603) (48,243) , ,150 2,000,000 0 (26,926) 26, (48,184) , ,811 2,000,000 0 (26,926) 27, (47,449) , ,537 2,000,000 0 (26,926) 28,726 1,800 (45,649) , ,887 2,000,000 0 (26,926) 29,349 2,423 (43,226) , ,966 2,000,000 0 (26,926) 30,079 3,153 (40,072) , ,887 2,000,000 0 (26,926) 30,921 3,995 (36,077) , ,709 2,000,000 0 (26,926) 31,822 4,896 (31,181) ,479 0 (621,369) (403,890) (435,071) 621, , ,457 2,000, ,305 2,000, ,098 2,000, ,691 2,000, ,930 2,000, ,355 2,000, ,112 2,000, ,053 2,000, ,986 2,000, ,534 2,000,000 Totals: 403, ,479 (403,890) (435,071) 621, , Death Benefit For: d Client, Male Age 50, Preferred NonSmoker ER Tax Rates: 35.00% from 1 to Lifetime EE Tax Rates: 35.00% See attached Glossary of Ledger Terms Page 7 of 11 ¹ The transfer is based on the greater of Premiums Paid or in the year of transfer April 12, 2011 This is a SUPPLEMENTAL illustration only and is not intended to predict or project actual performance. This illustration is not valid unless accompanied by the BASIC PERSONALIZED HYPOTHETICAL individual illustration. Product and/or product features may not be available in all states. Current interest rates and/or dividend rates and values (unless indicated otherwise) are not guaranteed. This illustration is not intended to be accounting, legal, or tax advice. Clients should consult their accounting, legal, and tax advisors about their particular circumstances before implementing any recommendations.

8 Key Person Insurance KEY PERSON INSURANCE PLAN FOR VALUED CLIENT John Hancock's Protection UL 11 with Initial Death Benefit of $2,000,000 & Initital Premium of $26,926 CORPORATION Net Cash Surrender Death Benefit Increase in Net CSV / Comp. Expense Annual Impact on Earnings Cumulative Impact on Earnings Prepared for d Company Presented By. ( is Transferred in year 16 & Employer will Bonus the Taxes) Transfer from Employer (Including Taxes)¹ EXECUTIVE Net Cash Surrender Yr Att. Age Annual Premium Distribution Tax Savings After Tax Cash Flow Tax Due Annual Premium Distribution Net After Tax Outlay ,331 2,000, ,643 2,000, ,862 2,000, ,928 2,000, ,780 2,000, ,421 2,000, ,801 2,000, ,885 2,000, ,628 2,000, ,921 2,000, ,638 2,000, ,642 2,000, ,774 2,000, ,852 2,000, ,686 2,000, ,310 2,000, ,033 2,000, ,454 2,000, ,048 2,000, ,103 2,000, ,658 2,000, ,062 2,000, ,953 2,000, ,579 2,000, ,270 2,000,000 Totals: 403, ,479 (403,890) (435,071) 621, , Death Benefit For: d Client, Male Age 50, Preferred NonSmoker ER Tax Rates: 35.00% from 1 to Lifetime EE Tax Rates: 35.00% See attached Glossary of Ledger Terms Page 8 of 11 ¹ The transfer is based on the greater of Premiums Paid or in the year of transfer April 12, 2011 This is a SUPPLEMENTAL illustration only and is not intended to predict or project actual performance. This illustration is not valid unless accompanied by the BASIC PERSONALIZED HYPOTHETICAL individual illustration. Product and/or product features may not be available in all states. Current interest rates and/or dividend rates and values (unless indicated otherwise) are not guaranteed. This illustration is not intended to be accounting, legal, or tax advice. Clients should consult their accounting, legal, and tax advisors about their particular circumstances before implementing any recommendations.

9 Key Person Insurance ASSUMPTIONS PLAN INFORMATION Company Name Company's Fair Market Company's Growth Rate Client's Tax Bracket Net Present Rate Explanation d Company Names of the heirs $10,000, % 35.00% Corporations Tax Rate 5.00% Prepared for d Company Presented By. PRESENTER INFORMATION Presenter's Name. Agency Name. Address. City State, ZIP. Telephone. Fax 0 Address RESULTS Focus Year (for Non-Transfer Policies)* 34 Name of presenter Focus year Page 9 of 11 April 12, 2011

10 Key Person Insurance KEY PERSON LIFE INSURANCE - CENSUS Prepared for d Company Presented By. PARTICIPANT INFORMATION Participant Mode Name Age Sex Risk Class Salary Incentive Comp Retirement Age Life Expectancy State Income Tax Active d Client 50 Male Preferred NonSmoker $200,000 (0.00% Growth) $0 (0.00% Growth) $0 (0.00% Growth) $0 (0.00% Growth) $0 (0.00% Growth) $0 (0.00% Growth) $0 (0.00% Growth) $0 (0.00% Growth) $0 (0.00% Growth) $0 (0.00% Growth) Florida % 0.00% 0.00% 0.00% 0.00% POLICY TRANSFER Wil Corporation Transfer Yes Tranfer Amount Employer Pay's EE Tax: $372,709 Yes $0 0 $0 0 $0 0 $0 0 LIFE INSURANCE Name Type Initial Death Benefit Annualized Premium Premium Years Withdrawals/Loans Start Year End Year Rate 1035 Exchange Amount Protection UL Single Life Single Life Single Life Single Life Single Life $2,000,000 $0 $0 $0 $0 $26,926 $0 $0 $0 $ % Net 0.00% Net 0.00% Net 0.00% Net 0.00% Net $0 $0 $0 $0 $0 Page 10 of 11 April 12, 2011

11 Key Person Insurance GLOSSARY OF LEDGER TERMS - CORPORATION & EXECUTIVE Prepared for d Company Presented By. Tax Savings This column illustrates the tax deduction available to the corporation if and when the policy is transferred to the executive at some point in the future. Net Cash Flow This column illustrates the cash flow required by the corporation to fund the policy and takes into account any distributions assumed to be received from the policy by the corporation. Increase in Net CSV / Comp. Expense This column illustrates the annual increase in net cash surrender value of the policy. In addition, in the year of transfer the value represents the total amount being transferred to the executive as a form of compensation, which may also include the taxes (double bonus). Annual Impact on Earnings This column illustrates the cash flow required to fund the policy annually, net of the annual increase in the policy s cash surrender value. Cumulative Impact on Earnings This column illustrates the cumulative cash flow required to fund the policy annually, net of the total cash surrender value of the policy. Loans and Withdrawals This column shows up in the typical scenario in which the corporation does not transfer the policy to the key person at some point in the future. This column illustrates the distributions taken annually from the policy by the corporation. Distribution This column will be visible when it is assumed that the corporation transfers the policy to the key person at some point in the future. It reflects the distributions assumed to be made from the policy by the key executive, if and when the policy is transferred to the key person. Page 11 of 11 April 12, 2011

12 John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Valuable Information About Your Life Insurance Illustration d Client Universal Life Insurance The Universal Life Insurance policy which you are considering provides flexible death benefit protection and premium payment flexibility. The values in the insurance contract grow based on the amount and timing of each premium payment, plus the interest rate and other credits applied to the policy, less insurance and other charges. Certain aspects of the policy cannot be predicted with absolute certainty. These nonguaranteed elements are described on the following pages. For example, the interest rate credited may exceed the guaranteed rate and monthly charges may be less than the maximum guaranteed charges. This is an illustration only and is not intended to predict actual performance. Death Benefit Option 1; Cash Accumulation Test Based on Current Charges and an Initial Current Rate of 5.20% received. Death benefit option changes, loans, withdrawals, rider termination or change, and/or face amount decreases will also affect the Death Benefit Protection feature. If a policy loan is outstanding, the Death Benefit Protection feature will not prevent your policy from lapsing if the Net falls to zero. Net Death Benefit The life insurance provided in this illustration reflects a Total Initial Death Benefit of $2,000,000. The Death Benefit is composed of $2,000,000 in Base Face Amount (Option 1). The net death benefit reflects total loan plus any loan interest due. Death Benefit Protection This policy illustration shows the Death Benefit Protection feature guaranteeing the policy death benefit to the Life Insured s attained age 80. As long as the Death Benefit Protection feature is in effect, your policy cannot lapse even if the Net Cash Surrender falls to zero or below. The Death Benefit Protection feature will stay in effect as long as the reference value called the Net Death Benefit Protection is greater than zero. The Death Benefit Protection is a reference value and is only used to determine whether or not the Death Benefit Protection feature will stay in effect. The policyowner cannot access the reference value. Like your, the Death Benefit Protection is directly affected by the timing and amounts of premiums paid. To ensure that you have the Death Benefit Protection feature in effect for the period illustrated, it is important that premium payments are paid when they are due, otherwise your policy may lapse. Planned Premium Outlay One of the advantages of Universal Life Insurance is premium payment flexibility, allowing you to vary the amount of your payments. This illustration assumes an Initial Planned Premium Outlay of $26, and that all subsequent premium payments are made at the beginning of each modal period. Reduced or discontinued premiums in future years are only possible if the premiums paid and amounts credited are sufficient to cover the cost of insurance and administrative expenses. These factors, as well as any outstanding policy loans or withdrawals, could necessitate additional premiums to maintain your insurance coverage. Payments in excess of the planned premium are subject to underwriting approval. Guaranteed Coverage Premium Based on the initial death benefit shown in the illustration, the level annual premium to guarantee coverage for life is $34, Death Benefit option changes, loans, withdrawals, policy changes, and face amount changes will cause this premium to be recalculated. Premiums are subject to maximum guidelines allowed by the Internal Revenue Code. For purposes of calculating your Death Benefit Interest Rate Protection, we will apply premiums retroactively Interest is illustrated at an initial assumed effective to the beginning of the policy month in which they are annual rate of 5.20%. We determine the rate of interest received. to be credited to the based on our assessment of investment yields and other Death This is your benefit Basic option Illustration changes, and is loans, valid only withdrawals, if all illustration rider pages are considerations included. as outlined in your policy. The current termination or change, and/or face amount decreases Page rate 1 of may 11 increase or decrease, but 04/12/2011 at no point 01:05:25 will the PM will also affect the Death Benefit Protection feature. interest credited to the policy be lower than the

13 John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Valuable Information About Your Life Insurance Illustration (cont'd) d Client to be credited to the based on our assessment of investment yields and other considerations as outlined in your policy. The current rate may increase or decrease, but at no point will the interest credited to the policy be lower than the guaranteed annual rate of 2.50%. Our obligations under your policy are backed by our general account assets. In addition to fixed income investments, such as corporate bonds, we expect to invest a portion of the premiums received under this class of policies in equities and other longer-duration assets. This investment approach, which may be different from the mix expected with other universal life policies, is intended to produce results that would permit us to credit values that maximize your policy s performance over the longer term. However, this approach could also cause the policy to experience a higher degree of variability of results year-to-year relative to other universal life policies. It is important to review your annual statement and request periodic in-force illustrations to make sure your policy continues to meet your objectives. Illustrations will be shown at the guaranteed minimum interest rate, and an assumed rate (or rates). An assumed illustrated rate will never be higher than the current rate, or lower than the guaranteed minimum rate. s illustrated at the current or an assumed rate are not guarantees or estimates, but merely illustrate results on the basis of the selected assumption. Changes in the rate of interest that we declare will affect both the interest and Persistency Credit applied to your. The table below shows how these changes could affect the continuation of your coverage, keeping other assumptions constant (including planned premiums, issue age, risk class and current charges): Interest Rate Assumption 5.20% Initial Current Rate N/A 2.50% Minimum Rate 31 Year at Lapse* Death Benefit Option 1; Cash Accumulation Test Based on Current Charges and an Initial Current Rate of 5.20% * In this table, the lapse year is hypothetical only, based upon the assumed factors, and is not guaranteed. For instance, the mortality charges used in these calculations are less than the maximum charges, and the Persistency Credit assumed is greater than the guaranteed minimum. Accessing After your policy has been in force for one year, you can make partial cash withdrawals. You can surrender your policy for cash at any time. We will pay you the policy value less a surrender charge and any policy debts you may have. You can also borrow the available cash value at any time. Amount Credited This is the interest earned on the including the amount of interest credited on the Loan Account, plus the Persistency Credit. Loans loans may be taken against the at any time, and if projected on an illustration, are assumed to be taken at the beginning of the year. The maximum loan amount available is the Surrender less any indebtedness, one year of policy charges, and one year's loan spread. The net cost of a loan equals the loan interest rate charged less the loan interest rate credited to the portion of securing the loan. This differential is guaranteed to be no greater than 1.25% in policy years In subsequent years, the differential is currently 0.00%, and guaranteed not to exceed 0.25%. Loan interest is payable in arrears. The loan interest rate used in this policy illustration is shown in the Summary. Loan interest rates are variable and subject to change annually on the policy anniversary. Annual Loan Interest This is the interest charged on the outstanding Debt. In the event that you do not pay the loan interest charged in any Year, it will be borrowed against the policy and added to the Debt in arrears at the Anniversary. This is your Basic Illustration and is valid only if all illustration pages are included. Page 2 of 11

14 John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Valuable Information About Your Life Insurance Illustration (cont'd) d Client Withdrawals Withdrawals reduce the and the Death Benefit. Withdrawals, if illustrated, are assumed taken at the beginning of the year. Continuation at Age 121 Provided your coverage is in effect on the policy anniversary nearest the date on which the life insured reaches attained age 121, coverage will continue after age 121 and interest will be credited. No additional charges, other than those for any outstanding policy loans, will be deducted. At this point in time, you have the option of retaining coverage, or surrendering your policy for the greater of the cash surrender value or the death benefit. The tax implications with respect to policies that continue beyond age 100 are not clear at the present time. We urge you to consult your tax advisor regarding this issue if there are questions about what happens after age 100. Taxation of Life Insurance The information contained in this illustration is based on certain tax and legal assumptions. We suggest that you seek professional counsel regarding the interpretation of current tax laws and accounting practices as they relate to your actual situation. The Technical and Miscellaneous Revenue Act (TAMRA) of 1988 classifies some policies as Modified Endowment Contracts (MECs). Distributions from these policies (excluding death benefits but including policy loans and withdrawals) are taxed differently and may be subject to an IRS 10% penalty tax. TAMRA testing has been performed on the current scale only. The initial annual 7-pay premium for this policy is $110, Based on our interpretation of TAMRA, this policy as illustrated would not be considered a Modified Endowment Contract (MEC). Employer-owned Life Insurance. Where the owner of the policy is the employer of the insured, Section 101(j) of the Internal Revenue Code specifies a number of requirements in order for life Death Benefit Option 1; Cash Accumulation Test Based on Current Charges and an Initial Current Rate of 5.20% insurance death benefits to be excluded from income taxation. Potential insureds must be limited to the employer s directors and "highly compensated" employees (as defined by the law). Also, before the issuance of the policy, the potential insured must (1) be notified in writing that the employer/policyowner intends to insure the employee's life and the maximum face amount for which the employee could be insured; (2) give his or her written consent to being a life insured under the policy, and agree that such coverage may continue after the life insured terminates employment; and (3) be informed in writing that the employer/policyowner will be a beneficiary of any proceeds payable upon the death of the employee. Finally, the policyowner is required to keep records and make an annual report concerning its employer-owned life insurance policies. Taxpayers should seek the counsel of qualified tax advisors to determine the applicability of IRC 101(j) or other provisions of federal tax law and/or compliance with the requirements of any such law or regulation. Other Considerations This is an illustration only. An illustration is not intended to predict actual performance. Unless otherwise stated, amounts credited and other values set forth in the illustration are not guaranteed. This illustration assumes that the currently illustrated nonguaranteed elements will continue unchanged for all years shown. This is not likely to occur, and the actual results may be more or less favorable. Future credits and deductions can vary at the company's discretion depending upon factors such as death claims, investment earnings and expenses, as well as policy owner actions such as the timing and amount of premium payments, policy lapse and reinstatement, loans and withdrawals, and contractual changes. To ensure that your policy continues to meet your objectives, we suggest that in addition to reviewing annual statements, you periodically request in force illustrations. In force illustrations will provide an updated projection of policy performance. This is your Basic Illustration and is valid only if all illustration pages are included. Page 3 of 11

15 John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Valuable Information About Your Life Insurance Illustration (cont'd) d Client Death Benefit Option 1; Cash Accumulation Test Based on Current Charges and an Initial Current Rate of 5.20% Protection UL is issued by John Hancock Life Insurance Company (U.S.A.) of Boston, MA John Hancock Life Insurance Company (U.S.A.) consistently receives high financial strength ratings from independent rating agencies such as Fitch Ratings, A.M. Best, Standard & Poor's, and Moody's. For more information, please visit our website at For more than a century, John Hancock has offered security and high quality products to its customers. The company's experience and resources allow it to provide first class financial solutions to customers in every market in which it operates. This is your Basic Illustration and is valid only if all illustration pages are included. Page 4 of 11

16 John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Basic Illustration Summary d Client Coverage Summary Initial Initial Coverage Description Amount Premium Face Amount - Level for all years $2,000,000 $26, Summary Death Benefit Option 1; Cash Accumulation Test Based on Current Charges and an Initial Current Rate of 5.20% State Florida Death Benefit Option 1 From 1 Thru 71 Definition of Life Insurance CVAT Payment Mode Annual Charges Current Assumed Interest Rate 5.20% From 1 Thru 71 Loan Interest Rate 5.75% From 1 Thru 71 Owner Tax Bracket 35.00% From 1 Thru 71 Initial 7-Pay Premium Target Premium $110, $18, Minimum Initial Premium $ Death Benefit Protection Period Based on Illustrated Assumptions 30 Years Interest Adjusted Indexes on Insured at 5% Payment Year 20 Year Cost Year 20 Year Guaranteed Current Non-guaranteed Element Interest Adjusted Indexes These indexes provide a means for evaluating the comparative cost of the policy under stated assumptions. They can be useful in comparing similar plans of insurance, a lower index being better than a higher one. These indexes reflect the time value of money. Indexes are approximate because they involve assumptions, including the rate of interest used. This is your Basic Illustration and is valid only if all illustration pages are included. PUL11 Page 5 of 11

17 John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Numeric Summary d Client Death Benefit Option 1; Cash Accumulation Test GUARANTEED ASSUMPTIONS These policy benefits and values are GUARANTEED NON-GUARANTEED ASSUMPTIONS based on the guaranteed interest of SUMMARY YEARS ASSUMPTIONS Midpoint Scale Assumed Scale 2.50% and guaranteed charges. Based on your Planned Premium Outlay, the Years Premium Paid in Cash policy would remain in force until policy year 31, month 4*. NON-GUARANTEED ASSUMPTIONS Summary Year 5 These policy benefits and values are Net Surrender 57,032 73,153 90,216 based on non-guaranteed elements that Net Death Benefit 2,000,000 2,000,000 2,000,000 are subject to change by the insurer. Actual results may be more or less Summary Year 10 favorable. Net Surrender 124, , ,811 ASSUMED SCALE: Net Death Benefit 2,000,000 2,000,000 2,000,000 benefits and values are based on the initial current interest rate of 5.20% Summary Year 20 and current charges. Based on your Net Surrender 0 169, ,930 Planned Premium Outlay, the policy Net Death Benefit 2,000,000 2,000,000 2,000,000 would remain in force until age 121*. MIDPOINT SCALE: Assumes the midpoint interest rate and charges which are halfway between current and guaranteed. Based on your Planned Premium Outlay, the policy would remain in force until policy year 31, month 4*. Premiums are assumed to be paid at the beginning of each modal period. values, including surrender values and death benefits, are illustrated as of the end of the year, unless otherwise noted. * See Continuation at Age 121 on "Valuable Information" page. Representative's Address:.... I have received a copy of this illustration and understand that any non-guaranteed elements illustrated are subject to change and could be either higher or lower. The representative has told me they are not guaranteed. I further understand that the guarantees provided by the Death Benefit Protection feature are directly affected by the amount and timing of premiums paid. <ins1si> <ins1dt> Applicant: Date: (Signature) (mm/dd/yyyy) I certify that this illustration has been presented to the applicant and that I have explained that any non-guaranteed elements illustrated are subject to change. I have made no statements that are inconsistent with the illustration. <asi> <adt> Representative: Date: (Signature) (mm/dd/yyyy) This is your Basic Illustration and is valid only if all illustration pages are included. Page 6 of 11

18 Year John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Guaranteed and Nonguaranteed s d Client EOY Age Planned Premium ,926 15, ,000,000 21, ,000, ,926 31,288 7,509 2,000,000 42,953 19,174 2,000, ,926 46,878 24,420 2,000,000 64,713 42,255 2,000, ,926 62,136 41,000 2,000,000 87,056 65,920 2,000, ,926 76,848 57,032 2,000, ,031 90,216 2,000, ,926 90,780 72,285 2,000, , ,209 2,000, , ,903 86,730 2,000, , ,842 2,000, , , ,263 2,000, , ,165 2,000, , , ,063 2,000, , ,150 2,000, , , ,947 2,000, , ,811 2,000,000 Totals: 269,260 End of Year Guaranteed Assumptions 2.50% Minimum Rate, Maximum Charges Net Surrender Net Death Benefit Death Benefit Option 1; Cash Accumulation Test End of Year Non-Guaranteed Assumptions 5.20% Initial Current Rate, Current Charges Net Surrender Net Death Benefit , , ,107 2,000, , ,537 2,000, , , ,748 2,000, , ,887 2,000, , , ,413 2,000, , ,966 2,000, , , ,755 2,000, , ,887 2,000, , , ,557 2,000, , ,709 2,000, , ,690 2,000, , ,457 2,000, , ,623 2,000, , ,305 2,000, ,661 71,019 2,000, , ,098 2,000, ,619 31,298 2,000, , ,691 2,000, ,000, , ,930 2,000,000 Totals: 403, ,000, , ,355 2,000, ,000, , ,112 2,000, ,000, , ,053 2,000, ,000, , ,986 2,000, ,000, , ,534 2,000, ,000, , ,331 2,000, ,000, , ,643 2,000, ,000, , ,862 2,000, ,000, , ,928 2,000, ,000, , ,780 2,000,000 Totals: 403,890 ## Indicates that the policy has lapsed under the illustrated assumption. Additional premium would be required to maintain policy benefits. This is your Basic Illustration and is valid only if all illustration pages are included. Page 7 of 11

19 Year John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Guaranteed and Nonguaranteed s (cont'd) d Client EOY Age Planned Premium ## ## ## 415, ,421 2,000, , ,801 2,000, , ,885 2,000, , ,628 2,000, , ,921 2,000, , ,638 2,000, , ,642 2,000, , ,774 2,000, , ,852 2,000, , ,686 2,000,000 Totals: 403,890 End of Year Guaranteed Assumptions 2.50% Minimum Rate, Maximum Charges Net Surrender Net Death Benefit Death Benefit Option 1; Cash Accumulation Test End of Year Non-Guaranteed Assumptions 5.20% Initial Current Rate, Current Charges Net Surrender Net Death Benefit , ,310 2,000, , ,033 2,000, , ,454 2,000, , ,048 2,000, , ,103 2,000, , ,658 2,000, , ,062 2,000, , ,953 2,000, , ,579 2,000, , ,270 2,000,000 Totals: 403, , ,722 2,000, , ,133 2,000, , ,533 2,000, , ,978 2,000, , ,780 2,000, , ,969 2,000, , ,565 2,000, , ,782 2,000, , ,946 2,000, , ,562 2,000,000 Totals: 403,890 ## Indicates that the policy has lapsed under the illustrated assumption. Additional premium would be required to maintain policy benefits. This is your Basic Illustration and is valid only if all illustration pages are included. Page 8 of 11

20 Year John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Guaranteed and Nonguaranteed s (cont'd) d Client EOY Age Planned Premium , ,208 2,000, , ,618 2,000, , ,927 2,000, , ,576 2,000, , ,293 2,000, , ,040 2,000, , ,380 2,000, , ,778 2,000, , ,707 2,000, ,027,926 1,027,926 2,000,000 Totals: 403,890 End of Year Guaranteed Assumptions 2.50% Minimum Rate, Maximum Charges Net Surrender Net Death Benefit Death Benefit Option 1; Cash Accumulation Test End of Year Non-Guaranteed Assumptions 5.20% Initial Current Rate, Current Charges Net Surrender Net Death Benefit ,102,619 2,000,000 2,000, ,159,955 2,000,000 2,000, ,220,273 2,000,000 2,000, ,283,727 2,000,000 2,000, ,350,480 2,000,000 2,000,000 Totals: 403,890 ## Indicates that the policy has lapsed under the illustrated assumption. Additional premium would be required to maintain policy benefits. This is your Basic Illustration and is valid only if all illustration pages are included. Page 9 of 11

21 John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Glossary of Terms d Client Face Amount The Face Amount is the coverage provided by the base policy. Any decreases to the Face Amount after the first policy year must fall within policy minimums. Monthly Administrative Charge A monthly Administrative Charge of $15.00 will be assessed in all years, current and guaranteed. Contract Charge Contract Charge is an additional $ per $1,000 of Face Amount per policy month. It will be deducted for the first 20 policy years. This charge varies by the insured's issue age, gender, risk classification, and the policy duration. Cost Of Insurance Current insurance charges are based on Company experience. The current rates may change, but are guaranteed never to exceed the maximum rates. Maximum rates reflect the 2001 CSO Sex and Smoker Distinct Age Nearest Birthday Ultimate Mortality Table. Death Benefit Option 1; Cash Accumulation Test Based on Current Charges and an Initial Current Rate of 5.20% Death Benefit Option Death Benefit Option 1 provides a level amount of coverage. It will increase only when necessary to maintain the definition of life insurance. Death Benefit Option 2 provides coverage equal to the Face Amount plus the plus any amount necessary to maintain the definition of life insurance. Net Death Benefit The Death Benefit illustrated is the Face Amount plus any Required Additional Death Benefit. This is the value that is payable upon the death of the insured as stated on the front page of the policy. The actual amount payable may be decreased by loans or increased by additional insurance benefits. Death Benefits are illustrated as of the end of the year. Net Death Benefit reflects the total loan plus any loan interest due. Net Income Net Income reflects any illustrated withdrawal, policy loan and/or loan interest due. Persistency Credit Beginning in Year 11, a Persistency Credit is added to your on each monthly processing date. The Persistency Credit is guaranteed to be no less than 0.025% of the Net. The amount of Persistency Credit that we declare above the guaranteed minimum will be determined in a uniform and non-discriminatory manner. We will determine the Persistency Credit taking into account our investment experience and other company factors, and policy owner actions such as the actual timing and amount of premium payments, policy lapse and reinstatement, loans and withdrawals, and contractual changes. The Persistency Credit in this illustration assumes that all nonguaranteed elements of this policy will continue unchanged, and that the policy owner s actions will not vary from those illustrated. You can see a projection of the effect that a policy owner action might have on the Persistency Credit by requesting an in-force illustration. This is your Basic Illustration and is valid only if all illustration pages are included. Net Surrender The Net Surrender is the less surrender charge(s), and is illustrated as of end of the year. This amount is shown net of withdrawals and total loans plus interest due. During the surrender charge period, there is a surrender charge assessed if all or part of the Face Amount is reduced. If the policy terminates for any reason, the amount of any outstanding loan (that was not previously considered income) could result in a considerable tax. Under certain situations involving large amounts of outstanding loans, you might find yourself having to choose between high premium requirements to keep your policy from lapsing and a significant tax burden if you allow the lapse to occur. Please consult your tax advisor for further information. Planned Premium Outlay The Planned Premium Outlay is the amount which the policyholder plans to pay. This illustration assumes that planned premiums are paid at the beginning of each modal period indicated. Additional premiums may be paid while the policy is in force, subject to our minimum and maximum limits. Page 10 of 11

22 John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Glossary of Terms (cont'd) d Client planned premiums are paid at the beginning of each modal period indicated. Additional premiums may be paid while the policy is in force, subject to our minimum and maximum limits. Death Benefit Option 1; Cash Accumulation Test Based on Current Charges and an Initial Current Rate of 5.20% When premiums are paid, the balance, after premium charges are deducted, goes into the. The is credited daily with a guaranteed interest rate of 2.50% or the current rate, whichever is greater. Also, once each month, administrative and insurance charges are deducted. Required Additional Death Benefit The death benefit will automatically be increased if necessary to maintain the minimum amount of insurance needed to comply with current federal tax law (Section 7702 of the Internal Revenue Code). This will ensure that your policy maintains the favorable tax treatment associated with being a life insurance policy. Risk Class Classifications represent groups of people with similar risk characteristics and help to determine the cost of insurance. Final risk classification for a proposed insured is determined upon completion of the underwriting process, and may vary from what is shown on this illustration. If so, you will receive a Revised Basic Illustration prior to or upon delivery of your insurance contract. This is your Basic Illustration and is valid only if all illustration pages are included. Page 11 of 11

23 John Hancock Life Insurance Company (U.S.A.) A Flexible Premium Universal Life Insurance Statement of Cost and Benefit Information d Client GUARANTEED BASIS CURRENT BASIS POLICY PLANNED DEATH POLICY SURRENDER DEATH POLICY SURRENDER YEAR PREMIUM BENEFIT VALUE VALUE BENEFIT VALUE VALUE Death Benefit Option 1; Cash Accumulation Test 1 26, ,000,000 15, ,000,000 21, , ,000,000 31, , ,000,000 42, , , ,000,000 46, , ,000,000 64, , , ,000,000 62, , ,000,000 87, , , ,000,000 76, , ,000, , , , ,000,000 90, , ,000, , , , ,000, , , ,000, , , , ,000, , , ,000, , , , ,000, , , ,000, , , , ,000, , , ,000, , , , ,000, , , ,000, , , , ,000, , , ,000, , , , ,000, , , ,000, , , , ,000, , , ,000, , , , ,000, , , ,000, , , ,000, , , ,000, , , ,000, , , ,000, , , ,000,000 73, , ,000, , , ,000,000 32, , ,000, , , ,000, ,000, , , Age 65 26, ,000, , , ,000, , , LIFE INSURANCE INDEXES (CALCULATED AT 5%) NET PAYMENT INDEX NET SURRENDER INDEX 10 YEARS 20 YEARS 10 YEARS 20 YEARS GUAR BASIS CURR BASIS AGENT:. JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) AGENCY:. JOHN HANCOCK PLACE POST OFFICE BOX 717 ADDRESS:. BOSTON, MASSACHUSETTS

Advanced Markets Success Strategy Life Insurance in Retirement Planning Plus

Advanced Markets Success Strategy Life Insurance in Retirement Planning Plus Success Strategy Life Insurance in Retirement Planning Plus Life insurance protection is the foundation of a family s future, providing cash to: replace income for surviving family, pay off family debt,

More information

Sales Strategy Life Insurance in Retirement Planning Plus

Sales Strategy Life Insurance in Retirement Planning Plus Sales Strategy Life Insurance in Retirement Planning Plus Life insurance protection is the foundation of a family s future, providing cash to: replace income for surviving family, pay off family debt,

More information

Life Insurance in Retirement Plus: LIRP+

Life Insurance in Retirement Plus: LIRP+ Life Insurance in Retirement Plus: LIRP+ Focusing on Life Insurance Protection and Retirement PRESENTED BY PREPARED FOR Mr. Producer Lily Rowan Insurance products are are issued by: by: John Hancock Life

More information

Flexible Premium Adjustable Life Insurance Policy Illustration

Flexible Premium Adjustable Life Insurance Policy Illustration Flexible Premium Adjustable Life Insurance Policy Illustration Prepared for: d Client Prepared by: Sample Sample MetLife 11225 N Community House Rd Charlotte, North Carolina, 28202 Tel: 5555555555 MetLife

More information

Flexible Premium Adjustable Life Insurance Policy Illustration

Flexible Premium Adjustable Life Insurance Policy Illustration Flexible Premium Adjustable Life Insurance Policy Illustration Prepared for: d Client Prepared by: Illustration Desk 2801 Townsgate Rd. Suite 350 Westlake Village, California, 91361 Tel: 800-350-2019 License

More information

Prepared For: The Client Family

Prepared For: The Client Family Annuity Maximization Estate Planning and Deferred Annuities - Annuitization Prepared For: The Client Family Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA and

More information

Description of Employer Cash Flow and Assets

Description of Employer Cash Flow and Assets Description of Employer Cash Flow and Assets SERP Select Account Liability Column 1 Employer Contribution The annual contribution promised by the employer to the key employee. The duration and amount of

More information

PREMIER LIFE. Maximum Benefits. A Flexible Premium Adjustable Life Insurance Policy

PREMIER LIFE. Maximum Benefits. A Flexible Premium Adjustable Life Insurance Policy Maximum Benefits A Flexible Premium Adjustable Life Insurance Policy Producer Guide Premier Life Catering to Your Clients Appetite For Uncompromising Value and Flexibility. FOR AGENT USE ONLY. NOT FOR

More information

IMMEDIATE ANNUITIES TO FUND LIFE INS.

IMMEDIATE ANNUITIES TO FUND LIFE INS. IMMEDIATE ANNUITIES TO FUND LIFE INS. Using a SPIA to Fund Life Insurance Earn 2 Commissions Example: Male Age 6 in Florida With a $5, IRA Goal: The client would like to pass this money to his heirs tax

More information

PSE Whole Life Illustration

PSE Whole Life Illustration A Life Insurance Policy Illustration PSE Whole Life Illustration Participating Whole Life Insurance Policy Form PSE-WL-01 Initial Face Amount: $ 100,000 Prepared For: Valued Client STATE PLAN VERSION:

More information

Flexible Premium Universal Life Insurance with an Indexed Feature A Life Insurance Illustration

Flexible Premium Universal Life Insurance with an Indexed Feature A Life Insurance Illustration Initial Base Face Amount = $ Total Initial Annual Premium = $ About the Universal Life Insurance Policy Phoenix Simplicity Index Life is a single life flexible premium universal life insurance policy with

More information

Whole Life Legacy 10 Pay Basic Life Insurance Illustration

Whole Life Legacy 10 Pay Basic Life Insurance Illustration Whole Life Legacy 10 Pay Basic Prepared for: d Client Male, Age 5 Presented by: Michael Fliegelman CLU, ChFC, AEP, RFC Independent Insurance And Financial Consulting 5 Harborfields Ct Greenlawn, NY 11740

More information

Spousal Lifetime Access Trust Using Legacy Advantage SUL Insurance Policy

Spousal Lifetime Access Trust Using Legacy Advantage SUL Insurance Policy Spousal Lifetime Access Trust Using Insurance Policy Supplemental Illustration Valued Client & Valued Client Prepared by: MetLife Agent 2 Park Ave. New York, NY 1166 Insurance Products: Not A Deposit Not

More information

Give a Gift of a Lifetime Uncovering the Money Stages of Whole Life Insurance

Give a Gift of a Lifetime Uncovering the Money Stages of Whole Life Insurance Give a Gift of a Lifetime Uncovering the Money Stages of Whole Life Insurance A CONSUMER GUIDE FOR ILLUSTRATION UNDERSTANDING IN JUVENILE GIFTING SCENARIOS: USING GUARDIAN WHOLE LIFE PAID-UP AT AGE 65

More information

The Value of Whole Life Insurance

The Value of Whole Life Insurance Page 1 of 6 A MassMutual Illustration Presentation The Value of Whole Life Insurance A life insurance illustration summary Prepared for: Prepared by: Valued Client Michael Fliegelman. CLU, ChFC, AEP RFC

More information

The Flexibility of Cash Value Life Insurance

The Flexibility of Cash Value Life Insurance Advanced Markets The Flexibility of Cash Value Life Insurance Beyond Protection With today s focus on value and flexibility, cash value life insurance comes into its own. Beyond its main purpose of death

More information

Life Insurance Review Using Legacy Advantage SUL Insurance Policy

Life Insurance Review Using Legacy Advantage SUL Insurance Policy Using Legacy Advantage SUL Insurance Policy Supplemental Illustration Prepared by: MetLife Agent 200 Park Ave. New York, NY 10166 Insurance Products: Not A Deposit Not FDIC-Insured Not Insured By Any Federal

More information

Sales Strategy Life Insurance in Retirement Planning Plus

Sales Strategy Life Insurance in Retirement Planning Plus Sales Strategy Life Insurance in Retirement Planning Plus Life insurance protection is the foundation of a family s future, providing cash to: replace income for surviving family, pay off family debt,

More information

Path Protector Whole Life Insurance

Path Protector Whole Life Insurance Path Protector Whole Life Insurance PARTICIPATING WHOLE LIFE INSURANCE TO AGE 121 ESPECIALLY DESIGNED FOR: 4/20/2015 PRESENTED BY: Lake Worth, Florida 33467 561-329-3344 wcorley@1db.com Underwritten by:

More information

Money Stages of Whole Life Your Freedom Guaranteed

Money Stages of Whole Life Your Freedom Guaranteed Money Stages of Whole Life Your Freedom Guaranteed A Consumer Guide for Illustration Understanding Using Guardian Whole Life Paid-Up at Age 121 Whole Life Insurance Permanent life insurance is designed

More information

Spousal Access Trusts Access To Cash Value Potential Through Flexible Trust Planning

Spousal Access Trusts Access To Cash Value Potential Through Flexible Trust Planning SALES STRATEGY Guiding you through life. ESTATE PLANNING Spousal Access Trusts Access To Cash Value Potential Through Flexible Trust Planning The Concerns Many clients who are concerned about maximizing

More information

Give a Gift of a Lifetime Uncovering the Money Stages of Whole Life Insurance

Give a Gift of a Lifetime Uncovering the Money Stages of Whole Life Insurance Give a Gift of a Lifetime Uncovering the Money Stages of Whole Life Insurance A CONSUMER GUIDE FOR ILLUSTRATION UNDERSTANDING IN JUVENILE GIFTING SCENARIOS: USING GUARDIAN WHOLE LIFE PAID-UP AT AGE 65

More information

Life Insurance Review

Life Insurance Review Supplemental Illustration Prepared by: MetLife Agent Financial Services Representative 200 Park Ave. New York, NY 10166 Insurance Products: Not A Deposit Not FDIC-Insured Not Insured By Any Federal Government

More information

Advanced Markets Estate Planning for Non-Citizens in the United States

Advanced Markets Estate Planning for Non-Citizens in the United States Estate Planning for Non-Citizens in the United States SINGLE LIFE SPOUSAL ACCESS TRUSTS: A LIFE INSURANCE ALTERNATIVE As large numbers of people from other countries settle in the United States (U.S.),

More information

The Long-Term Care Rider

The Long-Term Care Rider Producer Guide An Accelerated Death Benefit Rider FOR BROKER/DEALER USE ONLY. NOT FOR USE WITH THE PUBLIC. The Long-Term Care Rider The Long-Term Care Rider The Long-Term Care (LTC) rider 1 is designed

More information

LONG-TERM CARE RIDER. An Accelerated Death Benefit Rider Protection when you need it most PRODUCER GUIDE

LONG-TERM CARE RIDER. An Accelerated Death Benefit Rider Protection when you need it most PRODUCER GUIDE PRODUCER GUIDE PROTECTION An Accelerated Death Benefit Rider Protection when you need it most THIS MATERIAL IS FOR INSTITUTIONAL/BROKER-DEALER USE ONLY. NOT FOR DISTRIBUTION OR USE WITH THE PUBLIC. Strength.

More information

PROTECTION PROTECTION SIUL. The pacesetter in affordable, secure protection. For two. CONSUMER GUIDE IM4156CG

PROTECTION PROTECTION SIUL. The pacesetter in affordable, secure protection. For two. CONSUMER GUIDE IM4156CG CONSUMER GUIDE PROTECTION PROTECTION SIUL The pacesetter in affordable, secure protection. For two. IM4156CG JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK

More information

A guide to buying insurance

A guide to buying insurance A guide to buying insurance What you should know before you buy Is life insurance right for you? Life insurance policies are designed for people who: Want to replace income that is lost due to death Seek

More information

Sales Strategy Estate Planning for Non-Citizens in the United States

Sales Strategy Estate Planning for Non-Citizens in the United States Sales Strategy Estate Planning for Non-Citizens in the United States SINGLE LIFE SPOUSAL ACCESS TRUST: A LIFE INSURANCE ALTERNATIVE As large numbers of people from other countries settle in the United

More information

Whole Life Legacy 20 Pay Basic Life Insurance Illustration

Whole Life Legacy 20 Pay Basic Life Insurance Illustration Whole Life Legacy 2 Pay Basic Life Insurance Illustration Prepared for: d Client Male, Age 4 Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Independent Insurane And Financial Consulting 5 Harborfields

More information

Guaranteed Survivorship Protection. SUL-G SOLID STRUCTURE, STRONG DESIGN FOR AGENT USE ONLY. NOT FOR USE WITH THE PUBLIC.

Guaranteed Survivorship Protection. SUL-G SOLID STRUCTURE, STRONG DESIGN FOR AGENT USE ONLY. NOT FOR USE WITH THE PUBLIC. Producer Guide Guaranteed Survivorship Protection. SOLID STRUCTURE, STRONG DESIGN FOR AGENT USE ONLY. NOT FOR USE WITH THE PUBLIC. Performance and Features 1 Competitive compensation package Guaranteed

More information

MassMutual Financial Strategies. Avoiding the Double Tax Dilemma. with Whole Life Legacy 100 SM. insure invest retire.

MassMutual Financial Strategies. Avoiding the Double Tax Dilemma. with Whole Life Legacy 100 SM. insure invest retire. MassMutual Financial Strategies Avoiding the Double Tax Dilemma with Whole Life Legacy 1 SM insure invest retire Life Insurance Avoiding the double tax dilemma with Whole Life Legacy 1 SM You've worked

More information

A Technical Guide for Individuals. The Whole Story. Understanding the features and benefits of whole life insurance. Insurance Strategies

A Technical Guide for Individuals. The Whole Story. Understanding the features and benefits of whole life insurance. Insurance Strategies A Technical Guide for Individuals The Whole Story Understanding the features and benefits of whole life insurance Insurance Strategies Contents 1 Insurance for Your Lifetime 3 How Does Whole Life Insurance

More information

Understanding the Income Taxation of Life Insurance

Understanding the Income Taxation of Life Insurance A Reference Guide for Individuals and Businesses Understanding the Income Taxation of Life Insurance Answers to Frequently Asked Questions Tax Insights Contents 1 General Questions 4 Non-MEC Policy Questions

More information

An Alternative to Roth IRAs When Limits Apply

An Alternative to Roth IRAs When Limits Apply Consumer Material I Index Universal Life Insurance FINANCIAL STRATEGY An Alternative to Roth IRAs When Limits Apply Using Asset Builder Index UL II Sometimes success presents challenges of its own. You

More information

PROTECTION LONG-TERM CARE RIDER. An Accelerated Death Benefit Rider Protection when you need it most PRODUCER GUIDE

PROTECTION LONG-TERM CARE RIDER. An Accelerated Death Benefit Rider Protection when you need it most PRODUCER GUIDE PRODUCER GUIDE PROTECTION An Accelerated Death Benefit Rider Protection when you need it most THIS MATERIAL IS FOR INSTITUTIONAL/BROKER-DEALER USE ONLY. NOT FOR DISTRIBUTION OR USE WITH THE PUBLIC. Strength.

More information

The State Life Insurance Company P. O. Box 6062 Indianapolis, IN 46206-6062

The State Life Insurance Company P. O. Box 6062 Indianapolis, IN 46206-6062 P. O. Box 6062 Indianapolis, IN 46206-6062 Life Insurance Illustration Whole Life Insurance with Long-Term Care Benefits for Either or Both Insureds Asset-Care IV Valued Client and Valued Client Presented

More information

A guide to buying insurance from Wells Fargo Advisors

A guide to buying insurance from Wells Fargo Advisors A guide to buying insurance from Wells Fargo Advisors What you should know before you buy Is life insurance right for you? Life insurance policies are designed for investors who: Seek liquidity to cover

More information

The State Life Insurance Company P. O. Box 6062 Indianapolis, IN 46206-6062

The State Life Insurance Company P. O. Box 6062 Indianapolis, IN 46206-6062 P. O. Box 6062 Indianapolis, IN 46206-6062 Life Insurance Illustration Single Premium Deferred Individual Retirement Annuity and Current Interest Whole Life Insurance with Long-Term Care Benefits for Either

More information

Business Owner s Bonus Plan. Producer Guide. For agent/registered representative use only. Not for public distribution.

Business Owner s Bonus Plan. Producer Guide. For agent/registered representative use only. Not for public distribution. Business Owner s Bonus Plan Producer Guide For agent/registered representative use only. Not for public distribution. Business Owner s Bonus Plan Producer Guide The Business Owner s Bonus Plan is a personally

More information

North America Company s Indexed Universal Life Portfolio

North America Company s Indexed Universal Life Portfolio North America Company s Indexed Universal Life Portfolio North American Company s Builder IUL Series plans are indexed universal life insurance products that offer the guarantees and flexibility of universal

More information

Income-Tax Free Benefits for Your Heirs and Lifetime Benefits for You. Lifetime Benefits for You

Income-Tax Free Benefits for Your Heirs and Lifetime Benefits for You. Lifetime Benefits for You Indexed Universal Life Insurance 1 Income-Tax Free s for Your Heirs and Lifetime s for You Prepared on August 13, 2013 for by Trusted Advisor Income - 1 Tax Free s for Your Heirs Lifetime s for You Product

More information

ACCUMULATION ACCUMULATION VUL. Opportunity for today. Planning for the future. CONSUMER GUIDE

ACCUMULATION ACCUMULATION VUL. Opportunity for today. Planning for the future. CONSUMER GUIDE CONSUMER GUIDE ACCUMULATION ACCUMULATION VUL Opportunity for today. Planning for the future. LIFE-5211 12/15 JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK

More information

The State Life Insurance Company P. 0. Box 6062 Indianapolis, IN 46206-6062

The State Life Insurance Company P. 0. Box 6062 Indianapolis, IN 46206-6062 P. 0. Box 6062 Indianapolis, IN 46206-6062 Life Insurance lllustration Single Premium Current Interest Whole Life Insurance with Long-Term Care Benefits for Either or Both Insureds Asset-Care I and THIS

More information

Freedom Global IUL II SM Freedom Index Universal Life II SM Index Universal Life Insurance Offered by WRL Agent Guide

Freedom Global IUL II SM Freedom Index Universal Life II SM Index Universal Life Insurance Offered by WRL Agent Guide Freedom Global IUL II SM Freedom Index Universal Life II SM Index Universal Life Insurance Offered by WRL Agent Guide AG05113-01/12 Western Reserve Life Assurance Co. of Ohio Thank you for your interest

More information

The State Life Insurance Company P. O. Box 6062 Indianapolis, IN 46206-6062

The State Life Insurance Company P. O. Box 6062 Indianapolis, IN 46206-6062 P. O. Box 6062 Indianapolis, IN 46206-6062 Life Insurance Illustration Single Premium Current Interest Whole Life Insurance with Long-Term Care Benefits for Either or Both Insureds Asset-Care I Valued

More information

LifeScape Single Premium Whole Life Basic Illustration NARRATIVE SUMMARY

LifeScape Single Premium Whole Life Basic Illustration NARRATIVE SUMMARY Prepared for: Tom Jones Issue Age: 60 NARRATIVE SUMMARY Policy Description LifeScape Single Whole Life is a level-benefit, single premium, participating whole life insurance policy with maturity at age

More information

The State Life Insurance Company P. O. Box 6062 Indianapolis, IN 46206-6062

The State Life Insurance Company P. O. Box 6062 Indianapolis, IN 46206-6062 P. O. Box 6062 Indianapolis, IN 46206-6062 Life Insurance Illustration Single Premium Current Interest Whole Life Insurance with Long-Term Care Benefits for Either or Both Insureds Asset-Care I Valued

More information

The State Life Insurance Company P. O. Box 406 Indianapolis, IN 46206-0406

The State Life Insurance Company P. O. Box 406 Indianapolis, IN 46206-0406 P. O. Box 406 Indianapolis, IN 46206-0406 Life Insurance Illustration Single Premium Current Interest Whole Life Insurance with Long-Term Care Benefits for Either or Both Insureds Asset-Care I d Client

More information

Program Highlights & Fact Finder

Program Highlights & Fact Finder Executive Bonus Plan Program Highlights & Fact Finder A Rewarding Way to Retain Key Executives Executive Bonus Plans can be an effective way to reward selected employees or owners while providing tax deductions

More information

Implications of Withdrawals and Loans from a Life Insurance Policy

Implications of Withdrawals and Loans from a Life Insurance Policy Implications of Withdrawals and Loans from a Life Insurance Policy Life insurance is frequently structured to provide income that can be used for various needs, such as supplemental retirement income,

More information

WRL Financial Foundation IUL SM

WRL Financial Foundation IUL SM WRL Financial Foundation IUL SM Index Universal Life Insurance Agent Guide AG06113-07/13 Western Reserve Life Assurance Co. of Ohio Thank you for your interest in the WRL Financial Foundation IUL offered

More information

PruLife Founders Plus UL

PruLife Founders Plus UL PruLife Founders Plus UL PREPARE FOR THE POSSIBILITIES IN LIFE The Prudential Insurance Company of America 0255027 0255027-00001-00 Ed. 12/2013 Exp. 06/12/2015 A FINANCIAL LEADER FOR OVER 135 YEARS Prudential

More information

Understanding. Universal Life PLC.1050 (11.09)

Understanding. Universal Life PLC.1050 (11.09) Understanding Universal Life PLC.1050 (11.09) Understanding Universal Life 3 ontents Features of a Permanent Life 4 Insurance Policy How Universal Life Works 4 Features Unique to Universal 5 Life Insurance

More information

Understanding Indexed Universal Life Insurance

Understanding Indexed Universal Life Insurance Understanding Indexed Universal Life Insurance Consumer Guide Table of Contents Overview [ 2 ] Indexed Universal Life Insurance [ 2 ] What is Indexed Universal Life Insurance? [ 2 ] How North American

More information

Whole Life/Ten Payment Whole Life

Whole Life/Ten Payment Whole Life Whole Life/Ten Payment Whole Life Vitus Lau Tel: 510.279.2277 VitusLau@finsvcs.com Whole Life/Ten Payment Whole Life Disclosure: The information provided is not written or intended as tax or legal advice

More information

PRODUCER GUIDE. Protection UL with. Product Highlights, Features and Benefits LIFE-5929 4/15

PRODUCER GUIDE. Protection UL with. Product Highlights, Features and Benefits LIFE-5929 4/15 PRODUCER GUIDE Protection UL with Product Highlights, Features and Benefits LIFE-5929 4/15 PROTECTION UL WITH VITALITY John Hancock s Protection UL is the lowest-cost permanent life insurance policy in

More information

Understanding Indexed Universal Life Insurance

Understanding Indexed Universal Life Insurance Understanding Indexed Universal Life Insurance Consumer Guide Table of Contents Overview [ 2 ] Indexed Universal Life Insurance [ 2 ] What is Indexed Universal Life Insurance? [ 2 ] How North American

More information

Comprehensive Split Dollar

Comprehensive Split Dollar Advanced Markets Client Guide Comprehensive Split Dollar Crafting a plan to meet your needs. John Hancock Life Insurance Company (U.S.A.) (John Hancock) John Hancock Life Insurance Company New York (John

More information

How To Get A Universal Life Insurance Policy

How To Get A Universal Life Insurance Policy Universal Life What is it? Permanent (cash value life) insurance with flexible premiums Universal life is a form of permanent (cash value) insurance. Your cash value receives a guaranteed minimum interest

More information

Understanding fixed index universal life insurance

Understanding fixed index universal life insurance Allianz Life Insurance Company of North America Understanding fixed index universal life insurance Protection, wealth accumulation potential, and tax advantages in one policy M-3959 Understanding fixed

More information

Life Insurance Review. helping to ensure your life insurance coverage meets today s goals

Life Insurance Review. helping to ensure your life insurance coverage meets today s goals Life Insurance Review helping to ensure your life insurance coverage meets today s goals Life. your way Strive to live your dream and plan for the if in life. Discover the flexibility of life insurance

More information

Insurance. Survivorship Life. Insurance. The Company You Keep

Insurance. Survivorship Life. Insurance. The Company You Keep Insurance Survivorship Life Insurance The Company You Keep Permanent Life Insurance Protection for Two People You ve built a legacy, but who will be the recipients your heirs or the IRS? 1 Now is the time

More information

10 Pay Whole Life. (10 Pay WL) Introduced: September 2009

10 Pay Whole Life. (10 Pay WL) Introduced: September 2009 10 Pay Whole Life (10 Pay WL) Introduced: September 2009 Table of Contents GENERAL INFORMATION... 3 PRODUCT DESCRIPTION... 3 ISSUE RULES... 3 ISSUE AGES... 3 FACE AMOUNT... 3 BAND BREAKS... 4 GENDER...

More information

InsuranceIQ Bank & Trust. Prepared for: Gregory & Patricia Toppins Insurance Trust Dated 3/15/2007. Policy Owner: InsuranceIQ#: 0001-00010-01

InsuranceIQ Bank & Trust. Prepared for: Gregory & Patricia Toppins Insurance Trust Dated 3/15/2007. Policy Owner: InsuranceIQ#: 0001-00010-01 Date Completed: 3/22/2013 Prepared for: InsuranceIQ Bank & Trust Policy Owner: InsuranceIQ#: 0001-00010-01 Prepared for: InsuranceIQ Bank & Trust Branch Code: West 1st Street External Trustee(s): Trustee:

More information

helping you make sense of your life insurance options

helping you make sense of your life insurance options life insurance helping you make sense of your life insurance options life insurance selection guide Life Insurance Products: Are Not a Deposit of Any Bank Are Not FDIC Insured Are Not Insured by Any Federal

More information

KANSAS CITY LIFE INSURANCE COMPANY. Kansas City Life Variable Life Separate Account

KANSAS CITY LIFE INSURANCE COMPANY. Kansas City Life Variable Life Separate Account KANSAS CITY LIFE INSURANCE COMPANY Kansas City Life Variable Life Separate Account Supplement dated May 1, 2015 to the Prospectus dated May 1, 2015 for the Century II Variable Universal Life Insurance

More information

Custom TermGUL (Cash Value Accumulation Test) A Universal Life Insurance Policy Illustration

Custom TermGUL (Cash Value Accumulation Test) A Universal Life Insurance Policy Illustration EXPLANATION OF POLICY ILLUSTRATION Plan Description Important Facts About This Illustration Custom TermGUL is a universal life product, issued on form series LS167, that provides a death benefit upon the

More information

Sales Strategy Sale to a Grantor Trust (SAGT)

Sales Strategy Sale to a Grantor Trust (SAGT) Estate planners have been using the Irrevocable Life Insurance Trust (ILIT) for many years, to increase wealth and liquidity outside the taxable estate. 1 However, transfers to ILITs One effective technique

More information

Pacific PremierCare Advantage* Flexible Premium Adjustable Life Insurance

Pacific PremierCare Advantage* Flexible Premium Adjustable Life Insurance Providing Life Insurance with LONG-TERM CARE BENEFITS Payable Through Reimbursements Pacific Life Insurance Company Pacific PremierCare Advantage* Flexible Premium Adjustable Life Insurance Prepared For:

More information

Planning Solutions. Executive Bonus Plan. Program Highlights & Fact Finder. Transamerica Occidental Life Insurance Company

Planning Solutions. Executive Bonus Plan. Program Highlights & Fact Finder. Transamerica Occidental Life Insurance Company Planning Solutions Executive Bonus Plan Program Highlights & Fact Finder Transamerica Occidental Life Insurance Company A Rewarding Way to Meet Financial Goals Providing for the family, putting the kids

More information

Guaranteed. Death Benefit UL Products. ING Guaranteed Death Benefit Universal Life II. ING Guaranteed Death Benefit Universal Life II NY

Guaranteed. Death Benefit UL Products. ING Guaranteed Death Benefit Universal Life II. ING Guaranteed Death Benefit Universal Life II NY Lifetime Guaranteed Death Benefit UL Products ING Guaranteed Death Benefit Universal Life II ING Guaranteed Death Benefit Universal Life II NY Producer Guide Life insurance issued by: Security Life of

More information

Single Premium Whole Life

Single Premium Whole Life Single Premium Whole Life For Agent/Broker-Dealer Use Only. Not for Distribution to the Public. Life Product Guide Circular Memo To: From: Guardian Associates Jim Suslavich, Vice President, Life Product

More information

Ex e c u t i ve Bo n u s Pl a n

Ex e c u t i ve Bo n u s Pl a n Ex e c u t i ve Bo n u s Pl a n Program Highlights & Fact Finder A Rewarding Way to Retain Key Executives In today s highly competitive business landscape, it is increasingly difficult to attract and retain

More information

A Story of Guarantees and Financial Versatility

A Story of Guarantees and Financial Versatility A Story of Guarantees and Financial Versatility Whole Life Insurance A Consumer Brochure for Whole Life Understanding Introduction Whole life is a versatile financial product that provides unique benefits

More information

MassMutual Whole Life Insurance

MassMutual Whole Life Insurance A Technical Overview for Clients and their Advisors MassMutual Whole Life Insurance The product design and pricing process Contents 1 Foreword 2 A Brief History of Whole Life Insurance 3 Whole Life Basics

More information

Key Person Coverage. Prepared for: Date: Presented by:

Key Person Coverage. Prepared for: Date: Presented by: Key Person Coverage Prepared for: Date: Presented by: PURPOSE This presentation is for the purpose of helping you understand how life and disability income insurance can be used to overcome the shock to

More information

LONG-TERM CARE RIDER An Accelerated Death Benefit Rider Protection when you need it most TECHNICAL GUIDE

LONG-TERM CARE RIDER An Accelerated Death Benefit Rider Protection when you need it most TECHNICAL GUIDE TECHNICAL GUIDE LONG-TERM CARE RIDER An Accelerated Death Benefit Rider Protection when you need it most FOR AGENT USE ONLY. NOT FOR USE WITH THE PUBLIC. Table of Contents Product Overview... 2 Accelerating

More information

LIFE INSURANCE THE DIVIDEND DIFFERENCE. Adding Value to Your Whole Life Insurance Policy INVEST INSURE RETIRE

LIFE INSURANCE THE DIVIDEND DIFFERENCE. Adding Value to Your Whole Life Insurance Policy INVEST INSURE RETIRE LIFE INSURANCE THE DIVIDEND DIFFERENCE Adding Value to Your Whole Life Insurance Policy INVEST INSURE RETIRE NOT A BANK OR A CREDIT UNION DEPOSIT OR OBLIGATION NOT FDIC OR NCUA-INSURED NOT INSURED BY ANY

More information

Nationwide YourLife Survivorship VUL. Product guide. Everyone could use a little balance

Nationwide YourLife Survivorship VUL. Product guide. Everyone could use a little balance Nationwide YourLife Survivorship VUL Product guide Everyone could use a little balance Balance protection and growth potential You like the idea of leaving your family a legacy one day. If you have your

More information

Permanent Benefit Group Life Insurance Under Code Section 79

Permanent Benefit Group Life Insurance Under Code Section 79 Permanent Benefit Group Life Insurance Under Code Section 79 Expanding the Benefits of Group Life Insurance Advantages of Permanent Benefit Group Life Insurance. Giving employees the option to use cash

More information

Pacific PRIME UL-NLG Flexible Premium, Universal Life Insurance. Flexible and Efficient Asset Protection. Pacific Life Insurance Company PP-2C

Pacific PRIME UL-NLG Flexible Premium, Universal Life Insurance. Flexible and Efficient Asset Protection. Pacific Life Insurance Company PP-2C Pacific PRIME UL-NLG Flexible Premium, Universal Life Insurance Flexible and Efficient Asset Protection PP-2C Pacific Life Insurance Company 1 Pacific PRIME UL-NLG Help Protect Your Assets with Life Insurance

More information

West Coast Life LifeTime Platinum III UL WCLAG.1459 (03.10) Producer / Broker Guide

West Coast Life LifeTime Platinum III UL WCLAG.1459 (03.10) Producer / Broker Guide West Coast Life LifeTime Platinum III UL WCLAG.1459 (03.10) Producer / Broker Guide Meeting Your Clients Needs Your clients financial situations and personal goals are unique to them. Helping your clients

More information

WHAT TO EXPECT FROM A POLICY REVIEW IS YOUR LIFE INSURANCE POLICY KEEPING PACE WITH LIFE?

WHAT TO EXPECT FROM A POLICY REVIEW IS YOUR LIFE INSURANCE POLICY KEEPING PACE WITH LIFE? WHAT TO EXPECT FROM A POLICY REVIEW IS YOUR LIFE INSURANCE POLICY KEEPING PACE WITH LIFE? IS YOUR LIFE INSURANCE KEEPING PACE WITH LIFE? 1. Are you concerned about preserving the assets that you spent

More information

Wealth Achiever participating life insurance illustration Max 20

Wealth Achiever participating life insurance illustration Max 20 Wealth Achiever participating life insurance illustration Max 20 Canada Life's permanent participating life insurance gives you a foundation of basic cash value that is guaranteed, tax-advantaged growth,

More information

Nonqualified deferred compensation plans

Nonqualified deferred compensation plans Fixed index universal life insurance (R-2/205) Allianz Life Insurance Company of North America Nonqualified deferred compensation plans A cost-effective way to reward and retain employees Fixed index universal

More information

CENTURY II VARIABLE UNIVERSAL LIFE PROSPECTUS INDIVIDUAL FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE CONTRACT

CENTURY II VARIABLE UNIVERSAL LIFE PROSPECTUS INDIVIDUAL FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE CONTRACT CENTURY II VARIABLE UNIVERSAL LIFE PROSPECTUS INDIVIDUAL FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE CONTRACT KANSAS CITY LIFE VARIABLE LIFE SEPARATE ACCOUNT OF KANSAS CITY LIFE INSURANCE COMPANY Street Address:

More information

INTEREST SENSITIVE WHOLE LIFE SM

INTEREST SENSITIVE WHOLE LIFE SM INTEREST SENSITIVE WHOLE LIFE SM SERIES 149 PRODUCT GUIDE IU47357 (ADL) (12/08) Catalog #142094 INCENTIVE SENSITIVE WHOLE LIFE SM PRODUCT GUIDE T A B L E O F C O N T E N T S INTEREST SENSITIVE WHOLE LIFE

More information

An easy-issue life insurance solution that rewards healthy living

An easy-issue life insurance solution that rewards healthy living An easy-issue life insurance solution that rewards healthy living Vitality refers collectively to the benefits provided by John Hancock s Healthy Engagement feature. The Vitality Group is the company that

More information

Life Insurance in Retirement Planning

Life Insurance in Retirement Planning Life Insurance in Retirement Planning HOW PERMANENT LIFE INSURANCE CAN HELP MEET YOUR DEATH BENEFIT NEEDS AND ENHANCE YOUR RETIREMENT. 0251133-00002-00 Did You Know? Many high-income and high-net worth

More information

Guaranteed Universal Life

Guaranteed Universal Life Guaranteed Universal Life A Flexible Universal Life Insurance Policy Life Insurance Policy Proposal Prepared for: Presented by: Adding Certainty - 500k Jim Armstrong CLU ChFC Mutual of Omaha Mutual of

More information

CONNECTION TO CONTINUE YOUR THE NEXT GENERATION PACIFIC SELECT SURVIVORSHIP VUL

CONNECTION TO CONTINUE YOUR THE NEXT GENERATION PACIFIC SELECT SURVIVORSHIP VUL CONTINUE YOUR CONNECTION TO THE NEXT GENERATION Pacific Life Insurance Company PACIFIC SELECT SURVIVORSHIP VUL Flexible premium last survivor variable universal life insurance with indexed options CLIENT

More information

Endorsement Split-Dollar

Endorsement Split-Dollar Endorsement Split-Dollar Allowing an Executive to Share in the Benefits of an Employer-Owned Life Insurance Policy AD-OC-859A Endorsement Split-Dollar Searching for Executive Benefit Solutions Retaining

More information

Key Person Insurance SALES IDEA. Help protect your business and retain your key employees using Foundation Builder Index UL

Key Person Insurance SALES IDEA. Help protect your business and retain your key employees using Foundation Builder Index UL Producer Material I Index Universal Life Insurance SALES IDEA Key Person Insurance Help protect your business and retain your key employees using Foundation Builder Index UL Protecting your business from

More information

4794-00A-MAR15. Product Brochure

4794-00A-MAR15. Product Brochure 4794-00A-MAR15 Product Brochure ParPlus & ParPlus Junior Assumption Life, one of the few remaining mutual life insurance companies in Canada, is proud to offer its latest participating life insurance products

More information

ATHENA UNIVERSAL LIFE SM

ATHENA UNIVERSAL LIFE SM ATHENA UNIVERSAL LIFE SM SERIES 152 PRODUCT GUIDE IU 62216 ADL (4/11) Catalog # 147377 ATHENA UNIVERSAL LIFE SM SERIES 152 PRODUCT GUIDE T A B L E O F C O N T E N T S ATHENA UNIVERSAL LIFE PRODUCT GUIDE...4

More information