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For Broker/Dealer Use Only. This material may not be used with the public.. MLINY01311318038 Presented By: Date: This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. MLINY041514088 4/14
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 2 of 16 Best in Class Performance Protection UL’s premium is based on current assumptions, solve to $1 at age 121, and includes a guarantee to age 80. Competitors’ premiums are guaranteed for lifetime. Competitor information is current and accurate to the best of our knowledge as of April 2014. The data shown is taken from various company illustrations. Current interest rates may be different for each company and may not be guaranteed. The comparisons in this communication are of different products which vary in premiums, rates, fees, expenses, features and benefits. These comparisons cannot be used with the public and complete personalized policy illustrations for each representative company must be presented or discussed with your clients. Please have your clients consult with their professional advisors to find out which type of life insurance is more suitable. John Hancock’s Protection UL has been the industry’s best alternative to guaranteed UL since 2011. Why? Significant Savings & More Cash Potential Male, 60, Best Risk Class, $1,000,000 Face Amount, Solve for $1 at 121 COMPANYPREMIUMDIFFERENCE CASH VALUE IN YEAR 10* John Hancock’s Protection UL$13,170—$65,529 Nationwide$14,252+8%$0 AIG$14,423+10%$13,996 Lincoln$14,499+10%$0 Protective$14,805+12%$62,775 Transamerica$15,733+19%$22,530 Prudential$15,837+20%$54,388 Principal$16,033+22%$0
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Protection UL Enhancements Slide 3 of 16 Single-Pay Premium Reductions MaleFemale AgesBestPreferredStd +StdBestPreferredStd +Std 55-19%-14% -13%-9%-3%-8%-9% 65-15%-13%-8%-7%-14%-11%-8% 75-6%-9%-8%-7%-8% -6%-7%
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Protection UL vs. Competitors Slide 4 of 16 Male 55, Best Class, $1,000,000 Female 75, Best Class, $1,000,000 $200,000 1st Yr Lump Sum, Level-Pay Yrs 2+ Company Single-Pay Premium Difference Company Premium Year 2+ Difference Protection UL142,742- Protection UL16,936- Transamerica211,860+48% Nationwide20,695+22% Nationwide231,609+62% Transamerica22,045+30% Prudential245,737+72% Principal22,490+33% Principal247,003+73% Prudential24,160+43% AIG256,525+80% Protective24,341+44% Protective279,149+96% AIG24,888+47% Protection UL’s premium is based on current assumptions, solve to $1 at age 121, and includes a guarantee to age 75 for single-pay and age 91 for lump sum. The competitor’s premiums are based on lifetime guarantee. Competitor information is current and accurate to the best of our knowledge as of April 2014. The data shown is taken from various company illustrations. Current interest rates may be different for each company and may not be guaranteed. The comparisons in this communication are of different products which vary in premiums, rates, fees, expenses, features and benefits. These comparisons cannot be used with the public and complete personalized policy illustrations for each representative company must be presented or discussed with your clients. Please have your clients consult with their professional advisors to find out which type of life insurance is more suitable.
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 5 of 16 Breaking Away from the Competition Pay Less 12% Less. Get A Lot More * Upon policy surrender. Based on current interest rates and COI’s. Protection UL premium is based on current assumptions and is guaranteed to age 80. Competitors premiums is based on lifetime guarantee. Competitor information is current and accurate to the best of our knowledge as of March 2014. The data shown is taken from various company illustrations. Current interest rates may be different for each company and may not be guaranteed. The comparisons in this communication are of different products which vary in premiums, rates, fees, expenses, features and benefits. Composite average is based on lifetime premiums for guaranteed UL policies currently marketed among the top sellers of UL, excluding John Hancock, as indicated in the LIMRA Universal Life Sales 2013 Q4. Universal Life Sales Summary. Companies include: Nationwide, Lincoln, Protective, Principal and Prudential. These comparisons cannot be used with the public and complete personalized policy illustrations for each representative company must be presented or discussed with your clients. Please have your clients consult with their professional advisors to find out which type of life insurance is more suitable.
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 6 of 16 Delivers More than Just a Guarantee Opportunity – some of the lowest premiums in the industry Flexibility – cash value growth potential should your clients’ needs change Value – lengthy guarantees that can extend to life expectancy and beyond Life Expectancy (LE) tables are based on actual mortality experience collected from sources such as the life insurance companies and the Social Security Administration. LE tables show the average probability of death by a certain age. The LE data provided is not necessarily indicative of life expectancy and the insured may live longer than indicated by the table. The LE tables used are not tailored to a particular situation or risk class; rather, they are based on population averages and are presented to help form a generalized idea of potential ages at death.
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 7 of 16 Protection SUL Leads the Pack COMPANYANNUAL PREMIUM% DIFFERENCE John Hancock’s Protection SUL $25,295 --- American General $30,717+21% Principal $33,159+31% Prudential $34,068+35% Lincoln Benefit $34,468+36% Nationwide $35,855+42% Mass Mutual $42,856+69% Lincoln $46,796+85% Male, 55, Female, 52, Preferred Risk Class, 10 Pay, $2,000,000, Lifetime Coverage Protection SUL premium is based on current assumptions, solving for $1 at age 121 and guaranteed to ages 85/82. Competitors’ premiums are guaranteed for lifetime. Competitor information is current and accurate to the best of our knowledge as of March 2014. The data shown is taken from various company illustrations. Current interest rates may be different for each company and may not be guaranteed. This is a comparison of different products which vary in premiums, rates, fees, expenses, features and benefits. The products are different and are designed to meet different client needs. This comparison cannot be used with the public and complete personalized policy illustrations for each representative company must be presented or discussed with your clients. Please have your clients consult with their professional advisors to find out which type of life insurance is more suitable. Save over 20% with Protection SUL!
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 8 of 16 Shift Gears Without Losing Momentum Protection UL offers flexibility Guaranteed UL policies can’t match. Take a look at what happens when you pay the same premium into two policies – Protection UL and Lincoln’s GUL – and skip two payments: YEARS JOHN HANCOCK’S PROTECTION UL PREMIUM LINCOLN’S PREMIUM % DIFFERENCE Years 1-10$8,061 --- Years 11-1200--- Years 13+$8,061$17,122+112% Protection UL’s new premium in years 13+ is the same but Lincoln’s premium more than doubles! Male, 60, Preferred Non Smoker, Full-Pay, $500,000 Face Amount Protection UL’s premium is based on current assumptions and includes a guarantee to age 81. Competitors’ premiums are guaranteed for lifetime. Competitor information is current and accurate to the best of our knowledge as of March 2014. The data shown is taken from various company illustrations. Current interest rates may be different for each company and may not be guaranteed. This is a comparison of different products which vary in premiums, rates, fees, expenses, features and benefits. The products are different and are designed to meet different client needs. This comparison cannot be used with the public and complete personalized policy illustrations for each representative company must be presented or discussed with your clients. Please have your clients consult with their professional advisors to find out which type of life insurance is more suitable.
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 9 of 16 Comparing Guarantees It is NEARLY IMPOSSIBLE for a GUL policy to outperform its premium guarantee A Protection UL policy WILL OUTPERFORM its premium guarantee under most scenarios
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 10 of 16 Safety & Protection COMPANYPREMIUMYEAR 10 CASH VALUE* John Hancock’s Protection SUL$59,980$306,955 American General$66,041$36,880 Effect of Lower Crediting Rates when Paying $66,041 CREDITING RATEPOLICY REMAINS IN FORCE TOPROBABILITY OF SURVIVAL** Current RateLifetime0% Less 50 basis ptsLifetime0% Less 100 basis ptsLifetime0% Less 150 basis ptsAges 106-1034% Less 200 basis ptsAges 104-1018% Even if crediting rates decrease, Protection SUL can still deliver value to your clients. Protection SUL can provide coverage that lasts to life expectancy or beyond, while also providing strong cash value growth potential. Protection SUL premium is guaranteed to ages 92/89 when paying $59,980 and to ages 93/90 when paying $66,041. Protection SUL’s premium is based on current assumptions. American General’s premium is guaranteed for lifetime. Competitor information is current and accurate to the best of our knowledge as of May 2013. The data shown is taken from various company illustrations. Current interest rates may be different for each company and may not be guaranteed. * Upon policy surrender. Based on current interest rates. **Based on at least one insured surviving. Male 75/Female 72, Preferred Non Smokers, Full-Pay, Lifetime Coverage, $3,000,000
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 11 of 16 Delivering Performance & Value If interest crediting rates increase or stay flat: Policy will perform as good as or better than previously illustrated Higher interest crediting rates could allow for increased cash values of lower premiums If interest crediting rates decrease: Policy may still provide better value if the policy owner dies before life expectancy or surrenders the policy If the policy owner lives past Life Expectancy, performance will depend on how low rates decline and how long the insured lives
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 12 of 16 Optional Riders Return of Premium Long-Term Care* Disability Accelerated Benefit* Policy Split Option** *Available on Single Life product only **Available on SUL only
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 13 of 16 COMPANYPREMIUMCASH VALUE YEAR 20*TARGET John Hancock’s Protection UL (Without the Long-Term Care Rider) $162,656$157,104$13,586 John Hancock’s Protection UL (1% LTC) $170,751$158,766$14,328 Nationwide (no LTC)$254,643$0$14,071 Protection UL’s premium is based on current assumptions and includes a guarantee to age 79. Competitors’ premiums are guaranteed for lifetime. Competitor information is current and accurate to the best of our knowledge as of April 2014. The data shown is taken from various company illustrations. Current interest rates may be different for each company and may not be guaranteed. The comparisons in this presentation are of different products which vary in premiums, rates, fees, expenses, features and benefits. These comparisons cannot be used with the public and complete personalized policy illustrations for each representative company must be presented or discussed with your clients. Please have your clients consult with their professional advisors to find out which type of life insurance is most suitable. Female, 60, Best Risk Class, Single-Pay, $1,000,000 Lower Cost. Greater Protection. * Assuming current rates and charges
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 14 of 16 Protection Portfolio Visit the Protection UL and Protection SUL Microsite for the latest sales ideas and marketing information! www.protectionul-sul.com
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 15 of 16 Disclosures ** Probability of surviving the policy beyond its guarantee is based on 2008 VBT Primary Table: Life Expectancy (LE) tables are based on actual mortality experience collected from sources such as the life insurance companies and the Social Security Administration. As used in this presentation, LE tables show the average probability of death by a certain age. The LE data provided in this presentation is not necessarily indicative of life expectancy, and the insured may live longer than indicated by the table. The LE tables used are not tailored to a particular situation or risk class; rather, they are based on population averages and are presented merely to help form a generalized idea of potential ages at death. The No-Lapse Guarantee (NLG) is automatically included with Protection VUL & Protection SVUL. The Extended No-Lapse Guarantee (ENLG) requires an additional cost; it is optional on Protection VUL and is automatically included on Protection SVUL. NLG and ENLG guarantee that your policy will not default, even if the cash surrender value falls to zero or below, as long as either the NLG or ENLG cumulative premium test (performed at the point of lapse) is satisfied. See the product technical guide for additional details. The Long-Term Care (LTC) rider is an accelerated death benefit rider and may not be considered long-term care insurance in some states. There are additional costs associated with this rider. The Maximum Monthly Benefit Amount is $50,000. When the death benefit is accelerated for long-term care expenses it is reduced dollar for dollar, and the cash value is reduced proportionately. Please go to www.jhsalesnet.com to verify state availability. Variable life insurance is sold by product and fund prospectus, which should be read carefully. They contain information on the investment objectives, risks, charges and expenses of the variable product and its underlying investment options. These factors should be considered carefully before investing. Variable universal life insurance has annual fees and expenses associated with it in addition to life insurance related charges. Variable universal life insurance products are subject to market risk and are unsuitable as a short term savings vehicle. Cash values are not guaranteed and will fluctuate, and the policy may lose value. Insurance policies and/or associated riders and features may not be available in all states. Some riders may have additional fees and expenses associated with them. Guaranteed product features are dependent upon minimum premium requirements and the claims-paying ability of the issuer. The Return of Premium Rider allows clients to select a percentage of the premiums paid to be returned to the beneficiaries in addition to the death benefit. There are costs associated with the ROP rider, as well as limitations on the cumulative amount that can be returned. Not available in conjunction with certain other riders. Protection UL, Protection SUL and Protection IUL policies automatically include a no-lapse guarantee called Death Benefit Protection. This feature guarantees that the policy will not default, even if the cash surrender value falls to zero or below, provided that the Death Benefit Protection Value remains greater than zero and policy debt never exceeds the Policy Value. Once terminated, the Death Benefit Protection feature cannot be reinstated. See the product technical guide for additional details.
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This material is for Institutional / Broker-Dealer use only. Not for distribution or use with the public. Slide 16 of 16 Disclosures LIMITATIONS AND EXCLUSIONS ON PAYMENT OF BENEFITS UNDER THE LONG TERM CARE RIDER Limitations. We will not pay Accelerated Benefits for Qualified Long Term Care Services incurred during the Elimination Period, or for any care, treatment, or charges described in the Non-Duplication of Benefits or Exclusions provisions below. We will not pay Accelerated Benefits in excess of the Maximum Monthly Benefit Amount for any Calendar Month during any Period of Care. Exclusions. Qualified Long Term Care Services do not include care or treatment: (a) for intentionally self-inflicted injury; (b) required as a result of alcoholism or drug addiction (unless drug addiction was a result of the administration of drugs as part of treatment by a Physician); (c) due to war (declared or undeclared) or any act of war, or service in any of the armed forces or auxiliary units; (d) due to participation in a felony, riot or insurrection; (e) for which no charge is normally made in the absence of insurance; (f) provided by a member of the Life Insured’s Immediate Family, unless: the family member is one of the following professionals – a duly licensed registered nurse, licensed vocational nurse, licensed practical nurse, physical therapist, occupational therapist, speech therapist, respiratory therapist, licensed social worker, or registered dietician; and the family member is a regular employee of a Nursing Home, Assisted Living Facility, Adult Day Care Center or organization which is providing the services; and the organization receives the payment for the services; and the family member receives no compensation other than the normal compensation for employees in his or her job category; (g) provided outside the fifty United States and the District of Columbia except as described in the International Coverage Benefit provision of this rider. Non-Duplication of Benefits. Qualified Long Term Care Services do not include charges covered under any of the following: (a) Medicare (including amounts that would be reimbursable but for the application of a deductible or coinsurance amounts); (b) any other governmental program (except Medicaid); (c) any state or federal workers’ compensation, employer’s liability or occupational disease law, or any motor vehicle no-fault law; (d) expenses for services or items available or paid under another long term care insurance or health insurance policy. Products and features — including benefits, exclusions, limitations, terms, and definitions — may vary by state. Please refer to the Outline of Coverage that is specific to your state. Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595 and securities offered through John Hancock Distributors LLC through other broker/dealers that have a selling agreement with John Hancock Distributors LLC, 197 Clarendon Street, Boston, MA 02116.
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