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Quick Estate Tax Presentation Assumptions Prepared for Sam Valente & Vivian Valente Presented by Sample Agent CLIENT INFORMATION Value Explanation LIFE INSURANCE Value Explanation Family Name Valente Name of family Type of Policy Survivorship Survivorship or Single Life Client Name Sam Given name of the first client Policy Name Protection SUL-G 10 Age 59 Age of the first client State Michigan Sex Male Sex of the first client Initial Policy Death Benefit $5,000,000 Total death benefit Smoking Status Preferred NonSmoker Underwriting class of the first client (required) Policy Premium $43,244.41 Annual Premium Spouse's Name Vivian Given name of the second client Years for Premiums 4 64 Number of years to pay premiums Age 57 Age of the second client Current Crediting Rate 0.00% Policy's crediting rate Sex Female Sex of the second client Smoking Status Preferred NonSmoker Underwriting class of the second client PLAN INFORMATION PRESENTER INFORMATION Heirs' Names The Heirs Names of the heirs Presenter's Name Sample Agent Name of presenter Total Estate Value 7,500,000 Total estate value Agency Name John Hancock Life Insurance Co. After Tax Growth Rate of 5.00% After tax (income) growth rate for estate Address 197 Clarendon St. Estate Assets assets City State, ZIP Boston, MA 02116 Use Unified Credit at No Use Unified Credit at first death? Telephone (617) 572-6000 First Death? Fax (617) 572-5141 ESTATE TAX METHOD E-Mail Address hansel@JHLifeInsurance.com Estate Tax Option Current Law Estate tax rates based on the selected RESULTS option Focus Year 15 Focus year DETAILED PLAN INFORMATION Print Years 62 This is a supplemental illustration authorized for distribution only when preceded or accompanied by a basic illustration from the issuer. Benefits and values may not be guaranteed; the assumptions on which they are based are subject to change by the insurer. Actual results may be more or less favorable. Refer to the basic illustration for guaranteed elements and other important information. Page 8 of 9 May 10, 2011
QUICK ESTATE TAX PRESENTATION Quick Estate Tax Presentation Prepared for Sam Valente & Vivian Valente Presented by Sample Agent Quick Estate Tax Presentation is a planning tool designed to assist you in exploring potential estate planning options through the use of life insurance. However, this presentation is not intended as your estate/gifting plan nor is it a specific recommendation for your estate/gifting 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 does Newnot York guarantee does not theguarantee accuracythe of the accuracy Quick Estate of the Tax Quick Presentation Estate Taxsystem Presentation or the output. system or John theHancock output. John willHancock not be liable Newfor York anywill damages not be liable arisingfor from anythe damages use orarising misusefrom of this the software use or misuse or from of any this errors software or omissions or from any in errors the same. or omissions John Hancock in theassumes same. John no duty Hancock to update New this York software assumes or no to duty provide to update notice this of any software errors or in to the provide software notice or applicable of any errors changes in the in software the law. or applicable changes in the law. Figures used in this program illustrate various benefit/retirement planning concepts, which are based Figures upon usedboth in this assumptions program and illustrate data provided various benefit/retirement by you, the client. planning Your furnishing concepts, ofwhich accurate are data based will upon helpboth enhance assumptions the valueand of this dataanalysis. providedHowever, by you, the all assumed client. Your growth furnishing rates forofassets accurate are based data will upon help information enhance theprovided value ofand this analysis. assumed However, by you and all assumed are not agrowth guarantee ratesof forthe assets future are performance based upon information of the life insurance provided policy. and assumed Please by review you the and assumptions are not a guarantee page forof accuracy the future of information. 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 This supplemental for all years illustration shown. This assumes is not that likely the currently to occur illustrated and actualnon-guaranteed results may be elements more or less will favorable continue for thanallthose yearsshown. The Thisactual notconsequences likely to occur ofand a particular actual results planning may be alternative more orwill less depend favorable onthan manythose variables, shown. some Theof actual whichconsequences may not be of accounted a particular for or planning fully described alternative in this will presentation. depend many Unless variables, otherwise some indicated, of whichthe may income not betax, accounted estate tax, for or andfully generation-skipping described in this transfer presentation. (GST) Unless tax implications otherwise indicated, of other specific the income transactions tax, estate are not tax, reflected and generation-skipping in the analysis. Before transfer you (GST) maketax anyimplications investment, of estate other or specific tax planning transactions decisions are (ornot change reflected title to in any the assets analysis. or change Before beneficiary you make any designations), investment, your estate legal or tax andplanning tax advisors decisions should(or bechange consulted titletotodetermine any assets(1) or the change suitability beneficiary of adesignations), particular planning your legal alternative and tax advisors for you, should and be (2) consulted the precise to determine legal, tax, (1) investment, the suitability and of accounting a particular consequences planningof alternative that alternative. for you, As you and explore (2) theyour precise planning legal, needs tax, with investment, your legal and and accounting tax advisors, consequences we hope that of that you alternative. find this analysis As youuseful. explore your planning needs with your legal and tax advisors, we hope that you find this analysis useful. Internal Compliance Number: MLI02041012188 This material is is authorized for for distribution only only when when accompanied preceded or by the accompanied basic illustration by a current and the prospectus client guide for for the illustrated relevant product. issued by John Hancock Life NewInsurance York, andCompany for John (U.S.A.), Hancock Trust. and for The John prospectus Hancockcontains Trust. complete The prospectus details on contains investment complete objectives, details risk, onfees, investment charges and objectives, Thisexpenses material risk, does as well fees, not constitute as charges other information tax, and legal expenses oraccounting about asthewell advice investment as and other andneither company information John John which Hancock about should norNew the any be carefully investment York of its nor agents, any considered. company employees of its agents, which or Please registered employees should readrepresentatives or the beregistered carefully prospectus representatives are considered. in carefully the business are Please containing ofthe offering read business this the such prospectus and ofadvice. offering otherIt information carefully such was not advice. intended containing It was product or written not thisintended and forother useor underlying and written information cannot be portfolios used onand the bycannot product any andtaxpayer consider beand used for the these by underlying any purpose factors taxpayer of portfolios carefully avoiding for the before and purpose any IRS consider investing. of penalty. avoiding these ItThis was any factors written IRS material carefully penalty. to support isItbefore not wasthe intended written investing. marketing toas support of Product investment the the transactions marketing and/or advice. product or oftopics the Product transactions features it addresses. and/or may product not topics Anyone beit available interested addresses. featuresinmay inAnyone all these states. nottransactions be interested available In addition inorthese intopics all thetransactions states. prospectus, shouldInseek addition or this advice topics material based should the prospectus, must onseek his be advice accompanied or her thisparticular based material on by must the his circumstances or basic be her accompanied illustration particular from circumstances independent and by the client basic professional illustration guide from independent for the and advisors. relevant the professional client product. guide for advisors. the relevant product. Variable life universal insurance life insurance has annualhas fees annual and expenses fees andassociated expenses associated with it in addition with intoaddition life insurance to life related insurance charges relatedincluding charges (which surrender differcharges with theand product investment chosen), management including surrender fees. Variable charges and life insurance investmentismanagement unsuitable as fees. a short Variable termuniversal savings vehicle. life insurance The primary productspurpose are long-term of Variable contracts life insurance and are sold is to byprovide prospectus. lifetime They protection are subject against to market economic risk loss due due to the tounderlying the death of sub-accounts, the insured person. and arePlease unsuitable haveas your a short clients termconsult savings with vehicle. their professional The primaryadvisors purposetof find variable out which universal typelife of life insurance insurance is tois provide more suitable. lifetime protection against economic loss due to the death of the insured person. Cash values are not guaranteed if the client is invested in the investment accounts. There This are risks material associated is forwith informational each investment purposes option, only. and Although the policy many may lose of the value. topics presented may involve legal, tax, accounting, or other issues, neither John Hancock New York, John Hancock Distributors This materialLLC does nor not constitute any of their tax, legal agents, or accounting employees, advice registered and neither representatives John Hancock or registered nor any representatives of its agents, employees affiliated or through registered a selling representatives agreement are in the business of offering such advice. on It these was not issues. intended Youor should written consult for usewith andyour cannot professional be used byadvisors any taxpayer on thefor legal, the purpose tax, accounting, of avoiding or financial any IRS penalty. planning Itaspects was written of the topics support presented. 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. Footnotes 1.If your spouse is not a U.S. citizen, other restrictions apply. 2. The focus year refers to the year that has been chosen by you. The values in the focus year are highlighted, can be changed and are for your convenience only. The year may be life expectancy, a random year, or a year that coincides with your personal planning goals. 3. Trusts should be drafted by an attorney familiar with such matters in order to take into account income and estate tax laws (including the generation-skipping transfer tax). Failure to do so could result in adverse tax treatment of trust proceeds. 4. Years to pay premium is a hypothetical calculation. Premium payments are the responsibility of the policy owner and are always payable for the life of the policy. However, the policy's cash values may, depending on future performance, grow to a level where the premium payments due may be paid from the policy's cash values. The policy's cash values are not guaranteed. Actual growth may be more or less favorable. Failure to pay premiums when due may cause the policy in question to lapse. Page 9 of 9 May 10, 2011
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