non qualified deferred compensation/johnhancock

John Hancock Life Insurance Company (U.S.A.)

A Life Insurance Policy Illustration ofAccumulation VUL

A Variable Universal Life Insurance Policy

Prepared For

Valued Client

Presented By

Donald T. McNeill, Jr., ChFCMcNeill Financial Services, LLCP.O. Box 1839Thomson, Georgia 30824Phone: 706-361-0183Fax: 706-361-0295E-Mail: [email protected]

Presented On

Monday, January 19, 2015

This is an illustration only. An illustration is not intended to predict or project actual performance. Rates of Return, or values that are set forth in the illustration are not guaranteed, except for those items clearly labeled as guaranteed.

Copyright © 2014 John Hancock Life Insurance Company (U.S.A.). All Rights Reserved.

Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM

The purpose of this illustration is to show how the performance of the underlying investment account could affect the policy surrender value and death benefit.

This illustration is hypothetical and may not be used to predict or project actual performance.

This illustration has been personalized for your particular objectives.

This is an illustration, not a contract and must be preceded or accompanied by a current prospectus. The prospectus contains complete details on investment objectives, risks, fees, charges and expenses as well as other information about the investment company which should be carefully considered.

Please read the prospectus carefully containing this and other information on the product and the underlying portfolios and consider these factors carefully before investing.

All surrender values and death benefits are shown as of the end of the year unless noted.

Death Benefit Option 1

The Death Benefit illustrated is the Base Face Amount plus any Required Additional Death Benefit. Loans and withdrawals will reduce the policy Death Benefit. The Net Death Benefit reflects total loan plus any loan interest due.

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.

No-Lapse Guarantee

The No-Lapse Guarantee (NLG) illustrated ensures the Base Face Amount will stay in force for 20 years regardless of actual investment returns provided the No-Lapse Guarantee Cumulative Premium Test is met. During the No-Lapse Guarantee Period, if the Net Surrender Value falls to zero or below, coverage will continue if the cumulative premiums paid since the policy was issued, net of withdrawals, net of Policy Debt, are greater than or equal to $3,714.45 multiplied by the number of years coverage has been in effect. There is no additional charge for the No-Lapse Guarantee included in your policy.

policy was issued, net of withdrawals, net of Policy Debt, are greater than or equal to $3,714.45 multiplied by the number of years coverage has been in effect. There is no additional charge for the No-Lapse Guarantee included in your policy.

Rider termination or change and or face amount increases or decreases may cause this premium to be recalculated. If a policy loan is outstanding and the Net Policy Value falls to zero, the illustration will stop.

In the first five policy years, the Supplemental Face Amount plus the Return of Premium Death Benefit Rider, if elected, will remain in force provided the No-Lapse Guarantee Cumulative Premium Test is satisfied. In policy year six and after, if the Net Surrender Value falls to zero or below, you must pay additional premiums. If you do not pay additional premiums, the Supplemental Face Amount plus the Return of Premium Death Benefit Rider, if elected, may lapse even if your Base Face Amount does not lapse.

If increasing Supplemental Face Amount or the Return of Premium Death Benefit Rider is elected, the Base Face Amount and the Supplemental Face Amount plus the Return of Premium Death Benefit Rider will remain in force for the first five policy years, provided the No-Lapse Guarantee Cumulative Premium Test is satisfied. In policy year six and after, if the Net Surrender Value falls to zero or below, your policy will lapse.

Assumed Gross Rate

Assumed rates are hypothetical and may not represent past or future actual performance. Actual investment rates of return may be higher or lower than those illustrated and will fluctuate in response to changing market conditions and the allocation chosen among subaccounts and any fixed account options. In determining the net rate, this illustration assumes 0.70% average total portfolio annual expenses based on a weighted average of all available funds offered as investment options as of November 10, 2014. Total portfolio annual expenses vary by portfolio(s) selected. This hypothetical illustration does not reflect investment, if any, in the Fixed Account.

Each of the Lifestyle funds is a "fund-of funds" that invest in other underlying funds. To maintain target allocations for each Lifestyle fund, the underlying funds may be rebalanced periodically. The "Total Portfolio Annual Expenses" for each Lifestyle fund listed below include fees and expenses incurred indirectly as a result of its investment in these underlying funds and are based on target allocations as of November 10, 2014. Underlying Fund Fees and Expenses are estimated. Actual amounts are based on the current fiscal year for the Lifestyle funds.


A LIFE INSURANCE POLICY ILLUSTRATIONA Variable Universal Life Insurance Policy

Valuable Information About Your Life Insurance Illustration

Illustration Assumptions

Valued ClientMale - Super Preferred NonSmokerAge: 38

Initial Death Benefit $1,100,000Base Face Amount $1,100,000

Initial Planned Premium: $27,000.00 / Billing Mode: AnnualDeath Benefit Option 1; Cash Value Accumulation Test

State: GeorgiaAssuming Current Charges and an Initial Gross Rate of 8.00% (Net 7.30%)

Accumulation VUL Form: 14ACCVUL

Presented By: Donald T. McNeill, Jr., ChFC

This illustration is only valid when all pages are included and accompanied or preceded by a current prospectus describing the Accumulation VUL policy.

Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM Page 1 of 21

Each of the Lifestyle funds is a "fund-of funds" that invest in other underlying funds. To maintain target allocations for each Lifestyle fund, the underlying funds may be rebalanced periodically. The "Total Portfolio Annual Expenses" for each Lifestyle fund listed below include fees and expenses incurred indirectly as a result of its investment in these underlying funds and are based on target allocations as of November 10, 2014. Underlying Fund Fees and Expenses are estimated. Actual amounts are based on the current fiscal year for the Lifestyle funds.

SubAccount and Fixed Account Options Allocation

Actual charges assessed against each subaccount and fixed account options vary as follows:

Total PortfolioAnnual Expenses

PremiumAllocation

Aggressive Growth

Emerging Markets Value 1.08% 0.7%

Real Estate Securities 0.75% 2.0%

International Small Company 1.12% 0.4%

Small Cap Opportunities 1.00% 0.8%

International Equity Index B 0.34% 3.3%

Small Cap Index 0.56% 0.8%

Science & Technology 1.09% 0.4%

Financial Industries 0.86% 0.1%

International Value 0.92% 1.8%

American New World 1.45% 0.1%

American Global Growth 1.19% 0.1%

Mid Cap Stock 0.87% 1.8%

American International 1.17% 0.9%

Small Cap Growth 1.10% 1.5%

International Core 1.02% 0.5%

International Growth Stock 0.93% 0.3%

Fundamental All Cap Core 0.71% 11.4%

Health Sciences 1.04% 0.7%

Growth

Small Company Value 1.29% 0.5%

Small Cap Value 1.12% 1.4%

Mid Cap Index 0.41% 1.0%

Value 0.75% 0.5%

American Growth 0.97% 1.1%

Mid Value 1.00% 1.1%

Global 0.90% 0.2%

Blue Chip Growth 0.82% 5.3%

All Cap Core 0.83% 0.2%

Fundamental Large Cap Value 0.69% 0.4%

Total Stock Market Index 0.51% 0.6%

Capital Appreciation 0.74% 1.8%

Growth and Income

Equity-Income 0.83% 4.4%

Alpha Opportunities 1.02% 0.1%

Franklin Templeton Founding Allocation 0.97% 0.3%

U.S. Equity 0.79% 0.3%

500 Index B 0.25% 10.1%

Utilities 0.90% 0.4%

American Growth-Income 0.91% 1.1%

Core Strategy 0.61% 1.2%

American Asset Allocation 0.93% 0.7%

Capital Appreciation Value 0.88% 0.2%

PIMCO VIT All Asset Portfolio 1.34% 0.7%

Income

High Yield 0.74% 1.0%

Global Bond 0.80% 0.9%

Real Return Bond 0.94% 0.5%

Strategic Income Opportunities 0.73% 0.6%

Active Bond 0.65% 4.3%

Investment Quality Bond 0.64% 0.3%

Total Return 0.72% 2.3%

Core Bond 0.63% 0.1%

Total Bond Market B 0.26% 1.2%

Bond 0.60% 0.1%

Short Term Government Income 0.60% 1.1%

Ultra Short Term Bond 0.62% 0.1%

Conservative

Money Market B 0.28% 3.9%

Lifestyle

Lifestyle Aggressive MVP 0.92% 2.2%



Valuable Information About Your Life Insurance Illustration (cont'd)










Lifestyle Growth MVP 0.74% 7.5%

Lifestyle Balanced MVP 0.72% 11.0%

Lifestyle Moderate MVP 0.71% 1.2%

Lifestyle Conservative MVP 0.69% 0.6%

Fixed Accounts

Fixed Account 0.00% 0.0%

Premiums

This illustration assumes that planned premiums are paid at the beginning of each modal period indicated. Based on the following assumptions in this illustration, additional premiums would be required to maintain policy benefits starting in the specified year:

Assumptions Year

Maximum Charges/8.00% Gross Rate 42

Maximum Charges/0.00% Gross Rate 22

Payments in excess of the planned premiums are subject to underwriting approval.

Premium Charge

Premium Charge of 8% of premium will be deducted from each premium payment in year one. A Premium Charge of 6% of premium will be deducted from each premium payment in years 2 through 10 and 2% in subsequent years, current and guaranteed.

Monthly Administrative Charge

Monthly Administrative Charge of $20.00 will be assessed in all years, current and guaranteed.

Base Face Amount Charge

Base Face Amount Charge is a charge per $1,000 of Base Face Amount per policy month. It will be deducted for the first 10 policy years. A separate per $1,000 Base Face Amount Charge will be deducted for the first 10 policy years of any face increase. This charge varies by age, sex, risk class, death benefit option and policy year.

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 Mortality Table.

Asset Based Risk Charge

A charge to cover the risk of adverse mortality and expense is deducted monthly from the Policy Value. The charge is assessed on the portion of your Policy Value allocated to variable investment options. The current Asset Based Risk Charge is 0.00% for all policy years. The Guaranteed Asset Based Risk Charge is 0.025% for all policy years.

Asset Credit

We may add a percentage of the portion of your Policy Value allocated to variable investment options as a monthly credit to that account. This credit is not guaranteed. The Asset Credit percentages are 0.0000% per month, Policy Years 1-10 and 0.000125% thereafter.

Gain or Loss/Interest Credited

This is the investment gain/loss on the Policy Value based on the rate of return of your policy's investment options selected or the interest credited on the Fixed Account, including the amount of interest credited on the Loan Account.

Policy Value

The Policy Value is the total dollar value of all investment accounts held in the policy and/or the Fixed Account, plus the value of any Loan Account.

Withdrawals

Withdrawals reduce the Policy Value and the Death Benefit. Withdrawals, if illustrated, are assumed taken at the beginning of each month during the year. A withdrawal made during the Surrender Charge Period will result in the assessment of a pro-rata portion of the Surrender Charge to which the policy is subject. The portion of the Surrender Charge assessed will be based on the ratio of the amount of the withdrawal to the Net Cash Surrender Value of the Policy as of the date of the withdrawal.













withdrawal.

Policy Loans

Policy loans may be taken against Policy Value at any time and if illustrated, are assumed to be taken at the beginning of each month during the year. The maximum loan amount available is the greater of a) 90% of the Surrender Value less any indebtedness and b) the Surrender Value less any indebtedness and less policy charges and loan spread projected to the end of the policy year. This illustration assumes a policy loan interest rate of 3.25% in years 1-10, 2.00 % thereafter (guaranteed not to exceed 3.25% in years 1-10, 2.25% thereafter). Interest is currently credited to the Loan Account at an interest rate of 2.00%in all years. This rate is guaranteed. The loan interest rate is fixed. Loan interest is payable in arrears.

Annual Loan Interest

This is the interest charged on the outstanding Policy Debt. In the event that you do not pay the loan interest charged in any Policy Year, it will be borrowed against the policy and added to the Policy Debt in arrears at the Policy Anniversary.

Net Surrender Value

The Net Surrender Value is the amount available at the end of each year and reflects all applicable charges. This amount is shown net of withdrawals and total loan plus interest due. During the first ten policy years there is a Surrender Charge assessed if all or part of the Base 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.

Benefits/Riders

This illustration may include optional additional benefits or insurance riders on the insured. There may be charges for additional benefits or riders deducted from the Policy Value. The amount and timing of these charges varies by the benefit or rider elected.

the Policy Value. The amount and timing of these charges varies by the benefit or rider elected.

Overloan Protection Rider

The Overloan Protection Rider will prevent your policy from lapsing when, on any policy month, the outstanding indebtedness on the policy equals or exceeds the Policy Value multiplied by a certain percentage, not to exceed 95%. Exercise of this rider will result in a "paid up" status. In order to be eligible for this rider, the insured must be at least 75 years old and the policy must have been inforce for at least 15 years. In order for the rider to be invoked, the Policy Indebtedness must exceed the Total Face Amount of your policy but be less than Policy Value minus a one-time charge for exercising the rider. Upon the execution of this rider, a Level Death Benefit will apply to your policy. After deduction of a one-time charge, all unloaned policy value will be transferred to the Fixed Account at the current Fixed Account rate. No additional policy transactions or policy changes will be allowed and no further monthly deductions will be taken. Your total Net Death Benefit will now be equal to the Total Face Amount plus any Required Additional Death Benefit less any indebtedness. This rider may not be available in all states.

Policy 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. The Policy Value will continue to reflect the investment performance of the chosen subaccounts. No additional charges, other than those for any outstanding policy loans, will be deducted. At and after age 121, any Supplemental Face Amount coverage will cease.

The tax implications with respect to policies that continue beyond age 121 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 121.

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 $41,413.00.

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 life insured, Section 101(j) of the Internal Revenue Code specifies a number of requirements that must be satisfied in order for life insurance death benefits to be excluded from income taxation. The life insureds must be the employer’s directors and "highly compensated" employees (as is defined by law). If the life insured is not a director or highly compensated employee then the policy's death benefit must be paid out to the life insured (or to the life insured's designated beneficiary) or used to redeem an equity interest in the employer. Before the issuance of the policy, the insured must (1) be notified in writing that the employer/policy owner intends to insure the employee's life and the maximum face amount for which the employee could be insured; (2) give his/her written consent to being 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/policy owner will be a beneficiary of any proceeds payable upon the death of the life insured. Finally, the employer/policy owner 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 Section 101(j) or other provisions of federal tax law and/or compliance with the requirements of any such law or regulation.

Other Considerations

Accumulation VUL is issued by John Hancock Life Insurance Company (U.S.A.) of Boston, MA 02117 and distributed by John Hancock Distributors LLCthrough other broker dealers appointed by John Hancock Distributors LLC,197 Clarendon Street, Boston, MA 02116.

John Hancock Life Insurance Company (U.S.A.) consistently receives high financial strength ratings from independent rating agencies. For more information, please visit our website at www.JohnHancock.com.

John Hancock Life Insurance Company (U.S.A.) is committed to offering the highest quality Annuity, Life Insurance and Pension products to our clients. Its family of products has been built around a powerful combination of investment options chosen with the goal of providing attractive, risk adjusted returns and broad diversification across asset classes, investment styles and asset managers. With John Hancock Life Insurance Company (U.S.A.)'s broad product lines, competitive underwriting, excellent ratings and quality customer service, John Hancock Life Insurance Company (U.S.A.) is committed to providing quality products designed to help create and preserve wealth for clients.













Coverage Summary

Initial Initial

Coverage Description Amount Premium

Base Face Amount - Level for all years $1,100,000 $27,000.00

Additional Coverage On Insured

Overloan Protection Rider †

Policy Summary

State Georgia

Death Benefit Option 1 From 1 Thru 83

Definition of Life Insurance CVAT

Payment Mode Annual

Distribution Mode Monthly

Charges Current

Assumed Variable Rate 8.00% From 1 Thru 83

Loan Interest Rate 3.25%2.00%

From 1 Thru 10From 11 Thru 83

Owner Tax Bracket 35.00% From 1 Thru 83

Initial 7-Pay PremiumTarget Premium

$41,413.00$12,518.00

Minimum Initial Premium $309.69

20 Yr. No-Lapse Guarantee Premium $3,714.45

InitialGross

InitialNet

Premium Assumed Assumed

Allocation Rates Rates

Subaccount 100% 8.00% 7.30%

Fixed Account 0% 4.05% 4.05%

† If elected on the Coverage Details form.



Basic Illustration Summary









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Page 6 of 21

1 39 27,000 0 0 0 27,000 23,835 2,218 1,100,000

2 40 27,000 0 0 0 27,000 49,795 28,619 1,100,000

3 41 27,000 0 0 0 27,000 77,573 56,635 1,100,000

4 42 27,000 0 0 0 27,000 107,327 86,811 1,100,000

5 43 27,000 0 0 0 27,000 139,208 120,747 1,100,000

6 44 27,000 0 0 0 27,000 173,381 155,911 1,100,000

7 45 27,000 0 0 0 27,000 210,011 195,036 1,100,000

8 46 27,000 0 0 0 27,000 249,279 237,150 1,100,000

9 47 27,000 0 0 0 27,000 291,375 282,714 1,100,000

10 48 27,000 0 0 0 27,000 336,511 336,511 1,100,000

Totals: 270,000 0 0 0 270,000

11 49 27,000 0 0 0 27,000 389,141 389,141 1,149,288

12 50 27,000 0 0 0 27,000 445,547 445,547 1,273,819

13 51 27,000 0 0 0 27,000 505,983 505,983 1,400,511

14 52 27,000 0 0 0 27,000 570,723 570,723 1,529,595

15 53 1,575 0 0 0 1,575 613,349 613,349 1,592,254

16 54 0 0 0 0 0 657,290 657,290 1,653,348

17 55 0 0 0 0 0 704,306 704,306 1,717,451

18 56 0 0 0 0 0 754,607 754,607 1,784,722

19 57 0 60,000 0 0 -60,000 746,107 746,107 1,712,390

20 58 0 60,000 0 0 -60,000 736,892 736,892 1,642,015

Totals: 379,575 120,000 0 0 259,575

21 59 0 60,000 0 0 -60,000 726,905 726,905 1,573,022

22 60 0 60,000 0 0 -60,000 716,092 716,092 1,505,368

23 61 0 60,000 0 0 -60,000 704,390 704,390 1,438,999

24 62 0 60,000 0 0 -60,000 691,732 691,732 1,374,057

25 63 0 19,575 40,425 0 -60,000 718,727 677,998 1,348,354

26 64 0 0 60,305 305 -60,000 765,133 662,941 1,337,636

27 65 0 0 61,463 1,463 -60,000 811,308 646,424 1,322,569

28 66 0 0 62,692 2,692 -60,000 857,140 628,311 1,303,137

29 67 0 0 63,946 3,946 -60,000 902,514 608,460 1,279,299

30 68 0 0 65,225 5,225 -60,000 947,314 586,731 1,250,798

Totals: 379,575 379,575 354,054 13,630 -340,425

PolicyYear

EOYAge

PlannedPremium

AnnualWithdrawal

Amount

AnnualLoan

Amount

AnnualLoan

InterestNet

OutlayPolicyValue

NetSurrender

Value

NetDeath

Benefit



Detailed Policy Values









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Page 7 of 21

31 69 0 0 66,529 6,529 -60,000 991,280 562,837 1,217,378

32 70 0 0 67,860 7,860 -60,000 1,034,403 536,743 1,179,210

33 71 0 0 9,217 9,217 0 1,078,279 570,666 1,199,842

34 72 0 0 9,953 9,953 0 1,124,443 606,677 1,222,085

35 73 0 0 10,152 10,152 0 1,173,038 644,917 1,246,803

36 74 0 0 10,355 10,355 0 1,224,207 685,524 1,273,878

37 75 0 0 10,562 10,562 0 1,278,097 728,640 1,303,272

38 76 0 0 10,774 10,774 0 1,334,868 774,422 1,335,066

39 77 0 0 10,989 10,989 0 1,394,663 823,008 1,369,436

40 78 0 0 11,209 11,209 0 1,457,655 874,567 1,406,611

Totals: 379,575 379,575 571,655 111,230 -460,425

41 79 0 0 11,433 11,433 0 1,524,035 929,285 1,446,999

42 80 0 0 11,662 11,662 0 1,594,005 987,361 1,491,066

43 81 0 0 11,895 11,895 0 1,667,782 1,049,005 1,538,832

44 82 0 0 12,133 12,133 0 1,745,587 1,114,434 1,590,805

45 83 0 0 12,376 12,376 0 1,827,648 1,183,872 1,647,181

46 84 0 0 12,623 12,623 0 1,914,186 1,257,535 1,707,560

47 85 0 0 12,876 12,876 0 2,005,414 1,335,629 1,772,609

48 86 0 0 13,133 13,133 0 2,101,534 1,418,354 1,842,653

49 87 0 0 13,396 13,396 0 2,202,797 1,505,953 1,918,096

50 88 0 0 13,664 13,664 0 2,309,459 1,598,678 1,999,139

Totals: 379,575 379,575 696,844 236,419 -460,425

51 89 0 0 13,937 13,937 0 2,421,792 1,696,796 2,085,978

52 90 0 0 14,216 14,216 0 2,540,042 1,800,546 2,179,012

53 91 0 0 14,500 14,500 0 2,664,675 1,910,388 2,278,646

54 92 0 0 14,790 14,790 0 2,796,189 2,026,816 2,383,610

55 93 0 0 15,086 15,086 0 2,935,249 2,150,489 2,494,207

56 94 0 0 15,387 15,387 0 3,082,545 2,282,090 2,610,381

57 95 0 0 15,695 15,695 0 3,238,899 2,422,436 2,730,455

58 96 0 0 16,009 16,009 0 3,405,500 2,572,707 2,853,320

59 97 0 0 16,329 16,329 0 3,584,126 2,734,677 2,974,813

60 98 0 0 16,656 16,656 0 3,777,496 2,911,058 3,088,978

Totals: 379,575 379,575 849,449 389,024 -460,425

PolicyYear

EOYAge

PlannedPremium

AnnualWithdrawal

Amount

AnnualLoan

Amount

AnnualLoan

InterestNet

OutlayPolicyValue

NetSurrender

Value

NetDeath

Benefit



Detailed Policy Values (cont'd)









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Page 8 of 21

61 99 0 0 16,989 16,989 0 3,989,909 3,106,142 3,185,142

62 100 0 0 17,329 17,329 0 4,228,635 3,327,193 3,327,193

63 101 0 0 17,675 17,675 0 4,494,658 3,575,187 3,575,187

64 102 0 0 18,029 18,029 0 4,779,545 3,841,684 3,841,684

65 103 0 0 18,389 18,389 0 5,084,683 4,128,065 4,128,065

66 104 0 0 18,757 18,757 0 5,411,563 4,435,813 4,435,813

67 105 0 0 19,132 19,132 0 5,761,787 4,766,522 4,766,522

68 106 0 0 19,515 19,515 0 6,137,076 5,121,906 5,121,906

69 107 0 0 19,905 19,905 0 6,539,278 5,503,805 5,503,805

70 108 0 0 20,303 20,303 0 6,970,380 5,914,197 5,914,197

Totals: 379,575 379,575 1,035,474 575,049 -460,425

71 109 0 0 20,709 20,709 0 7,432,516 6,355,210 6,355,210

72 110 0 0 21,124 21,124 0 7,927,979 6,829,126 6,829,126

73 111 0 0 21,546 21,546 0 8,459,232 7,338,402 7,338,402

74 112 0 0 21,977 21,977 0 9,028,921 7,885,675 7,885,675

75 113 0 0 22,417 22,417 0 9,639,892 8,473,780 8,473,780

76 114 0 0 22,865 22,865 0 10,295,198 9,105,764 9,105,764

77 115 0 0 23,322 23,322 0 10,998,124 9,784,902 9,784,902

78 116 0 0 23,789 23,789 0 11,752,196 10,514,709 10,514,709

79 117 0 0 24,264 24,264 0 12,561,205 11,298,969 11,298,969

80 118 0 0 24,750 24,750 0 13,429,223 12,141,742 12,141,742

Totals: 379,575 379,575 1,262,237 801,812 -460,425

81 119 0 0 25,245 25,245 0 14,360,626 13,047,395 13,047,395

82 120 0 0 25,750 25,750 0 15,360,115 14,020,620 14,020,620

83 121 0 0 26,265 26,265 0 16,432,743 15,066,457 15,066,457

84 122 0 0 26,790 26,790 0 17,559,920 16,166,309 16,166,309

85 123 0 0 27,326 27,326 0 18,767,932 17,346,449 17,346,449

86 124 0 0 27,872 27,872 0 20,062,653 18,612,740 18,612,740

87 125 0 0 28,430 28,430 0 21,450,381 19,971,470 19,971,470

Totals: 379,575 379,575 1,449,913 989,488 -460,425

PolicyYear

EOYAge

PlannedPremium

AnnualWithdrawal

Amount

AnnualLoan

Amount

AnnualLoan

InterestNet

OutlayPolicyValue

NetSurrender

Value

NetDeath

Benefit



Detailed Policy Values (cont'd)









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Page 9 of 21

1 27,000 2,160 2,661 52 0 0 1,707 23,835 2,218

2 27,000 1,620 2,661 238 0 0 3,479 49,795 28,619

3 27,000 1,620 2,661 313 0 0 5,371 77,573 56,635

4 27,000 1,620 2,661 362 0 0 7,397 107,327 86,811

5 27,000 1,620 2,661 406 0 0 9,568 139,208 120,747

6 27,000 1,620 2,661 440 0 0 11,894 173,381 155,911

7 27,000 1,620 2,661 477 0 0 14,387 210,011 195,036

8 27,000 1,620 2,661 510 0 0 17,059 249,279 237,150

9 27,000 1,620 2,661 548 0 0 19,925 291,375 282,714

10 27,000 1,620 2,661 580 0 0 22,996 336,511 336,511

Totals: 270,000 16,740 26,609 3,924 0 0 113,784

11 27,000 540 240 637 0 562 26,485 389,141 389,141

12 27,000 540 240 782 0 644 30,324 445,547 445,547

13 27,000 540 240 953 0 731 34,439 505,983 505,983

14 27,000 540 240 1,151 0 825 38,846 570,723 570,723

15 1,575 32 240 1,314 0 886 41,750 613,349 613,349

16 0 0 240 1,512 0 950 44,743 657,290 657,290

17 0 0 240 1,708 0 1,018 47,946 704,306 704,306

18 0 0 240 1,923 0 1,091 51,373 754,607 754,607

19 0 0 240 2,072 0 1,119 52,693 746,107 746,107

20 0 0 240 2,149 0 1,105 52,069 736,892 736,892

Totals: 379,575 18,932 29,009 18,124 0 8,930 534,450

21 0 0 240 2,230 0 1,091 51,392 726,905 726,905

22 0 0 240 2,308 0 1,076 50,659 716,092 716,092

23 0 0 240 2,387 0 1,059 49,866 704,390 704,390

24 0 0 240 2,467 0 1,041 49,008 691,732 691,732

25 0 0 240 2,600 0 1,026 48,384 718,727 677,998

26 0 0 240 2,888 0 1,007 48,528 765,133 662,941

27 0 0 240 3,212 0 983 48,644 811,308 646,424

28 0 0 240 3,563 0 957 48,678 857,140 628,311

29 0 0 240 3,934 0 929 48,619 902,514 608,460

30 0 0 240 4,316 0 898 48,458 947,314 586,731

Totals: 379,575 18,932 31,409 48,029 0 18,996 1,026,687

PolicyYear

PlannedPremium

PremiumCharge

Admin/BFA

Charges

Cost ofInsurance

Charges

AssetBased Risk

ChargeAssetCredit

Gainor Loss/Interest

CreditedPolicyValue

NetSurrender

Value



Annual Account Summary









Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM

Page 10 of 21

31 0 0 240 4,839 0 864 48,181 991,280 562,837

32 0 0 240 5,240 0 827 47,777 1,034,403 536,743

33 0 0 240 5,650 0 828 48,939 1,078,279 570,666

34 0 0 240 6,076 0 880 51,599 1,124,443 606,677

35 0 0 240 6,517 0 936 54,416 1,173,038 644,917

36 0 0 240 6,985 0 995 57,399 1,224,207 685,524

37 0 0 240 7,486 0 1,058 60,558 1,278,097 728,640

38 0 0 240 8,016 0 1,124 63,903 1,334,868 774,422

39 0 0 240 8,604 0 1,195 67,444 1,394,663 823,008

40 0 0 240 9,231 0 1,270 71,194 1,457,655 874,567

Totals: 379,575 18,932 33,809 116,674 0 28,972 1,598,096

41 0 0 240 9,893 0 1,349 75,164 1,524,035 929,285

42 0 0 240 10,590 0 1,433 79,368 1,594,005 987,361

43 0 0 240 11,326 0 1,523 83,820 1,667,782 1,049,005

44 0 0 240 12,109 0 1,618 88,536 1,745,587 1,114,434

45 0 0 240 12,949 0 1,719 93,531 1,827,648 1,183,872

46 0 0 240 13,869 0 1,826 98,821 1,914,186 1,257,535

47 0 0 240 14,892 0 1,939 104,420 2,005,414 1,335,629

48 0 0 240 16,044 0 2,060 110,344 2,101,534 1,418,354

49 0 0 240 17,292 0 2,187 116,607 2,202,797 1,505,953

50 0 0 240 18,647 0 2,322 123,228 2,309,459 1,598,678

Totals: 379,575 18,932 36,209 254,284 0 46,948 2,571,935

51 0 0 240 20,116 0 2,465 130,224 2,421,792 1,696,796

52 0 0 240 21,740 0 2,616 137,614 2,540,042 1,800,546

53 0 0 240 23,326 0 2,776 145,422 2,664,675 1,910,388

54 0 0 240 24,874 0 2,945 153,683 2,796,189 2,026,816

55 0 0 240 26,261 0 3,124 162,437 2,935,249 2,150,489

56 0 0 240 27,511 0 3,315 171,732 3,082,545 2,282,090

57 0 0 240 28,544 0 3,519 181,621 3,238,899 2,422,436

58 0 0 240 29,070 0 3,736 192,174 3,405,500 2,572,707

59 0 0 240 28,601 0 3,969 203,498 3,584,126 2,734,677

60 0 0 240 26,363 0 4,222 215,752 3,777,496 2,911,058

Totals: 379,575 18,932 38,609 510,690 0 79,634 4,266,093

PolicyYear

PlannedPremium

PremiumCharge

Admin/BFA

Charges

Cost ofInsurance

Charges

AssetBased Risk

ChargeAssetCredit


CreditedPolicyValue

NetSurrender

Value



Annual Account Summary (cont'd)









Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM

Page 11 of 21

61 0 0 240 21,032 0 4,499 229,185 3,989,909 3,106,142

62 0 0 240 10,054 0 4,809 244,211 4,228,635 3,327,193

63 0 0 240 0 0 5,159 261,104 4,494,658 3,575,187

64 0 0 240 0 0 5,544 279,583 4,779,545 3,841,684

65 0 0 240 0 0 5,957 299,421 5,084,683 4,128,065

66 0 0 240 0 0 6,401 320,719 5,411,563 4,435,813

67 0 0 240 0 0 6,878 343,586 5,761,787 4,766,522

68 0 0 240 0 0 7,391 368,138 6,137,076 5,121,906

69 0 0 240 0 0 7,942 394,500 6,539,278 5,503,805

70 0 0 240 0 0 8,534 422,808 6,970,380 5,914,197

Totals: 379,575 18,932 41,009 541,776 0 142,748 7,429,348

71 0 0 240 0 0 9,171 453,205 7,432,516 6,355,210

72 0 0 240 0 0 9,854 485,848 7,927,979 6,829,126

73 0 0 240 0 0 10,589 520,903 8,459,232 7,338,402

74 0 0 240 0 0 11,379 558,551 9,028,921 7,885,675

75 0 0 240 0 0 12,228 598,983 9,639,892 8,473,780

76 0 0 240 0 0 13,140 642,407 10,295,198 9,105,764

77 0 0 240 0 0 14,119 689,046 10,998,124 9,784,902

78 0 0 240 0 0 15,173 739,140 11,752,196 10,514,709

79 0 0 240 0 0 16,304 792,945 12,561,205 11,298,969

80 0 0 240 0 0 17,520 850,738 13,429,223 12,141,742

Totals: 379,575 18,932 43,409 541,776 0 272,225 13,761,114

81 0 0 240 0 0 18,827 912,816 14,360,626 13,047,395

82 0 0 240 0 0 20,231 979,498 15,360,115 14,020,620

83 0 0 240 0 0 21,741 1,051,127 16,432,743 15,066,457

84 0 0 0 0 0 0 1,127,177 17,559,920 16,166,309

85 0 0 0 0 0 0 1,208,013 18,767,932 17,346,449

86 0 0 0 0 0 0 1,294,720 20,062,653 18,612,740

87 0 0 0 0 0 0 1,387,728 21,450,381 19,971,470

Totals: 379,575 18,932 44,129 541,776 0 333,024 21,722,193

PolicyYear

PlannedPremium

PremiumCharge

Admin/BFA

Charges

Cost ofInsurance

Charges

AssetBased Risk

ChargeAssetCredit


CreditedPolicyValue

NetSurrender

Value



Annual Account Summary (cont'd)









Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM

Page 12 of 21

1 39 27,000 2,218 -91.79% 1,100,000 3974.07%

2 40 27,000 28,619 -35.55% 1,100,000 490.24%

3 41 27,000 56,635 -16.85% 1,100,000 205.04%

4 42 27,000 86,811 -8.55% 1,100,000 119.40%

5 43 27,000 120,747 -3.70% 1,100,000 80.52%

6 44 27,000 155,911 -1.09% 1,100,000 58.91%

7 45 27,000 195,036 0.79% 1,100,000 45.36%

8 46 27,000 237,150 2.07% 1,100,000 36.17%

9 47 27,000 282,714 3.01% 1,100,000 29.58%

10 48 27,000 336,511 3.97% 1,100,000 24.65%

Totals: 270,000

11 49 27,000 389,141 4.44% 1,149,288 21.53%

12 50 27,000 445,547 4.81% 1,273,819 19.91%

13 51 27,000 505,983 5.10% 1,400,511 18.52%

14 52 27,000 570,723 5.34% 1,529,595 17.33%

15 53 1,575 613,349 5.53% 1,592,254 16.03%

16 54 0 657,290 5.69% 1,653,348 14.93%

17 55 0 704,306 5.82% 1,717,451 14.01%

18 56 0 754,607 5.92% 1,784,722 13.22%

19 57 -60,000 746,107 6.03% 1,712,390 12.23%

20 58 -60,000 736,892 6.11% 1,642,015 11.39%

Totals: 259,575

PolicyYear

EOYAge

NetOutlay

NetSurrender

Value

InternalRate OfReturn

NetDeath

Benefit


----- Surrender Value ----- ----- Death Benefit -----



Internal Rate of Return Illustration









Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM

The IRR on cash value is equivalent to an interest rate at which an amount equal to the illustrated premiums could have been invested outside the policy to arrive at the net surrender value of the policy.The IRR on death benefit is equivalent to an interest rate at which an amount equal to the illustrated premiums could have been invested outside the policy to arrive at the net death benefit of the policy.

Page 13 of 21

21 59 -60,000 726,905 6.17% 1,573,022 10.69%

22 60 -60,000 716,092 6.23% 1,505,368 10.10%

23 61 -60,000 704,390 6.27% 1,438,999 9.60%

24 62 -60,000 691,732 6.31% 1,374,057 9.16%

25 63 -60,000 677,998 6.34% 1,348,354 8.91%

26 64 -60,000 662,941 6.37% 1,337,636 8.73%

27 65 -60,000 646,424 6.39% 1,322,569 8.56%

28 66 -60,000 628,311 6.41% 1,303,137 8.41%

29 67 -60,000 608,460 6.42% 1,279,299 8.26%

30 68 -60,000 586,731 6.43% 1,250,798 8.12%

Totals: -340,425

31 69 -60,000 562,837 6.44% 1,217,378 7.98%

32 70 -60,000 536,743 6.44% 1,179,210 7.86%

33 71 0 570,666 6.44% 1,199,842 7.74%

34 72 0 606,677 6.44% 1,222,085 7.63%

35 73 0 644,917 6.44% 1,246,803 7.52%

36 74 0 685,524 6.43% 1,273,878 7.43%

37 75 0 728,640 6.43% 1,303,272 7.34%

38 76 0 774,422 6.43% 1,335,066 7.26%

39 77 0 823,008 6.43% 1,369,436 7.19%

40 78 0 874,567 6.43% 1,406,611 7.12%

Totals: -460,425

PolicyYear

EOYAge

NetOutlay

NetSurrender

Value


NetDeath

Benefit





Internal Rate of Return Illustration (cont'd)









Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM


Page 14 of 21

41 79 0 929,285 6.42% 1,446,999 7.05%

42 80 0 987,361 6.42% 1,491,066 7.00%

43 81 0 1,049,005 6.42% 1,538,832 6.94%

44 82 0 1,114,434 6.42% 1,590,805 6.89%

45 83 0 1,183,872 6.42% 1,647,181 6.85%

46 84 0 1,257,535 6.41% 1,707,560 6.81%

47 85 0 1,335,629 6.41% 1,772,609 6.77%

48 86 0 1,418,354 6.41% 1,842,653 6.74%

49 87 0 1,505,953 6.41% 1,918,096 6.70%

50 88 0 1,598,678 6.40% 1,999,139 6.67%

Totals: -460,425

51 89 0 1,696,796 6.40% 2,085,978 6.65%

52 90 0 1,800,546 6.40% 2,179,012 6.62%

53 91 0 1,910,388 6.39% 2,278,646 6.60%

54 92 0 2,026,816 6.39% 2,383,610 6.58%

55 93 0 2,150,489 6.39% 2,494,207 6.55%

56 94 0 2,282,090 6.39% 2,610,381 6.53%

57 95 0 2,422,436 6.38% 2,730,455 6.51%

58 96 0 2,572,707 6.38% 2,853,320 6.49%

59 97 0 2,734,677 6.38% 2,974,813 6.47%

60 98 0 2,911,058 6.38% 3,088,978 6.44%

Totals: -460,425

PolicyYear

EOYAge

NetOutlay

NetSurrender

Value


NetDeath

Benefit














Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM


Page 15 of 21

61 99 0 3,106,142 6.38% 3,185,142 6.41%

62 100 0 3,327,193 6.39% 3,327,193 6.39%

63 101 0 3,575,187 6.40% 3,575,187 6.40%

64 102 0 3,841,684 6.41% 3,841,684 6.41%

65 103 0 4,128,065 6.42% 4,128,065 6.42%

66 104 0 4,435,813 6.43% 4,435,813 6.43%

67 105 0 4,766,522 6.44% 4,766,522 6.44%

68 106 0 5,121,906 6.45% 5,121,906 6.45%

69 107 0 5,503,805 6.46% 5,503,805 6.46%

70 108 0 5,914,197 6.47% 5,914,197 6.47%

Totals: -460,425

71 109 0 6,355,210 6.48% 6,355,210 6.48%

72 110 0 6,829,126 6.49% 6,829,126 6.49%

73 111 0 7,338,402 6.49% 7,338,402 6.49%

74 112 0 7,885,675 6.50% 7,885,675 6.50%

75 113 0 8,473,780 6.51% 8,473,780 6.51%

76 114 0 9,105,764 6.52% 9,105,764 6.52%

77 115 0 9,784,902 6.53% 9,784,902 6.53%

78 116 0 10,514,709 6.54% 10,514,709 6.54%

79 117 0 11,298,969 6.54% 11,298,969 6.54%

80 118 0 12,141,742 6.55% 12,141,742 6.55%

Totals: -460,425

PolicyYear

EOYAge

NetOutlay

NetSurrender

Value


NetDeath

Benefit














Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM


Page 16 of 21

81 119 0 13,047,395 6.56% 13,047,395 6.56%

82 120 0 14,020,620 6.57% 14,020,620 6.57%

83 121 0 15,066,457 6.57% 15,066,457 6.57%

84 122 0 16,166,309 6.58% 16,166,309 6.58%

85 123 0 17,346,449 6.58% 17,346,449 6.58%

86 124 0 18,612,740 6.59% 18,612,740 6.59%

87 125 0 19,971,470 6.60% 19,971,470 6.60%

Totals: -460,425

PolicyYear

EOYAge

NetOutlay

NetSurrender

Value


NetDeath

Benefit














Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM


Page 17 of 21

1 39 27,000 0 0 1,100,000 589 1,100,000 2,218 1,100,000

2 40 27,000 0 19,887 1,100,000 25,288 1,100,000 28,619 1,100,000

3 41 27,000 0 40,495 1,100,000 51,400 1,100,000 56,635 1,100,000

4 42 27,000 0 60,979 1,100,000 79,403 1,100,000 86,811 1,100,000

5 43 27,000 0 82,761 1,100,000 110,844 1,100,000 120,747 1,100,000

6 44 27,000 0 103,135 1,100,000 143,148 1,100,000 155,911 1,100,000

7 45 27,000 0 124,633 1,100,000 178,985 1,100,000 195,036 1,100,000

8 46 27,000 0 146,093 1,100,000 217,348 1,100,000 237,150 1,100,000

9 47 27,000 0 167,811 1,100,000 258,696 1,100,000 282,714 1,100,000

10 48 27,000 0 194,349 1,100,000 307,772 1,100,000 336,511 1,100,000

Totals: 270,000 0

11 49 27,000 0 215,447 1,100,000 354,695 1,100,000 389,141 1,149,288

12 50 27,000 0 236,242 1,100,000 404,708 1,157,060 445,547 1,273,819

13 51 27,000 0 256,701 1,100,000 457,792 1,267,123 505,983 1,400,511

14 52 27,000 0 276,787 1,100,000 514,088 1,377,807 570,723 1,529,595

15 53 1,575 0 271,648 1,100,000 547,234 1,420,619 613,349 1,592,254

16 54 0 0 264,619 1,100,000 580,578 1,460,387 657,290 1,653,348

17 55 0 0 257,148 1,100,000 615,681 1,501,338 704,306 1,717,451

18 56 0 0 249,142 1,100,000 652,565 1,543,381 754,607 1,784,722

19 57 0 60,000 180,883 1,040,000 629,388 1,444,509 746,107 1,712,390

20 58 0 60,000 112,590 980,000 604,505 1,347,020 736,892 1,642,015

Totals: 379,575 120,000

21 59 0 60,000 44,366 920,000 577,988 1,250,765 726,905 1,573,022

22 60 0 60,000 ## ## 549,727 1,155,637 716,092 1,505,368

23 61 0 60,000 519,586 1,066,466 704,390 1,438,999

24 62 0 60,000 487,270 1,006,466 691,732 1,374,057

25 63 0 60,000 452,255 946,123 677,998 1,348,354

26 64 0 60,000 414,206 884,477 662,941 1,337,636

27 65 0 60,000 372,830 821,444 646,424 1,322,569

28 66 0 60,000 327,819 766,910 628,311 1,303,137

29 67 0 60,000 278,936 706,137 608,460 1,279,299

30 68 0 60,000 225,991 639,003 586,731 1,250,798

Totals: 379,575 720,000

PolicyYear

EOYAge

PlannedPremium

NetIncome

Net SurrenderValue

Net DeathBenefit

Net SurrenderValue

Net DeathBenefit

Net SurrenderValue

Net DeathBenefit

8.00% Assumed Gross Rate(7.30% Net Rate)Maximum Charges

8.00% Assumed Gross Rate(7.30% Net Rate) Current Charges



Summary of Policy Values




State: Georgia




0.00% Assumed Gross Rate(-0.70 % Net Rate)Maximum Charges


Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM

## Indicates that the policy has lapsed under the illustrated assumption. Additional premium would be required to maintain policy benefits.

Page 18 of 21

31 69 0 60,000 168,730 565,447 562,837 1,217,378

32 70 0 60,000 106,942 485,488 536,743 1,179,210

33 71 0 0 102,617 473,049 570,666 1,199,842

34 72 0 0 97,387 461,488 606,677 1,222,085

35 73 0 0 90,712 449,666 644,917 1,246,803

36 74 0 0 82,428 437,579 685,524 1,273,878

37 75 0 0 72,333 425,219 728,640 1,303,272

38 76 0 0 60,103 412,581 774,422 1,335,066

39 77 0 0 45,365 399,659 823,008 1,369,436

40 78 0 0 27,535 386,447 874,567 1,406,611

Totals: 379,575 840,000

41 79 0 0 5,851 372,937 929,285 1,446,999

42 80 0 0 ## ## 987,361 1,491,066

43 81 0 0 1,049,005 1,538,832

44 82 0 0 1,114,434 1,590,805

45 83 0 0 1,183,872 1,647,181

46 84 0 0 1,257,535 1,707,560

47 85 0 0 1,335,629 1,772,609

48 86 0 0 1,418,354 1,842,653

49 87 0 0 1,505,953 1,918,096

50 88 0 0 1,598,678 1,999,139

Totals: 379,575 840,000

51 89 0 0 1,696,796 2,085,978

52 90 0 0 1,800,546 2,179,012

53 91 0 0 1,910,388 2,278,646

54 92 0 0 2,026,816 2,383,610

55 93 0 0 2,150,489 2,494,207

56 94 0 0 2,282,090 2,610,381

57 95 0 0 2,422,436 2,730,455

58 96 0 0 2,572,707 2,853,320

59 97 0 0 2,734,677 2,974,813

60 98 0 0 2,911,058 3,088,978

Totals: 379,575 840,000

PolicyYear

EOYAge

PlannedPremium

NetIncome

Net SurrenderValue

Net DeathBenefit

Net SurrenderValue

Net DeathBenefit

Net SurrenderValue

Net DeathBenefit





Summary of Policy Values (cont'd)




State: Georgia






Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM


Page 19 of 21

61 99 0 0 3,106,142 3,185,142

62 100 0 0 3,327,193 3,327,193

63 101 0 0 3,575,187 3,575,187

64 102 0 0 3,841,684 3,841,684

65 103 0 0 4,128,065 4,128,065

66 104 0 0 4,435,813 4,435,813

67 105 0 0 4,766,522 4,766,522

68 106 0 0 5,121,906 5,121,906

69 107 0 0 5,503,805 5,503,805

70 108 0 0 5,914,197 5,914,197

Totals: 379,575 840,000

71 109 0 0 6,355,210 6,355,210

72 110 0 0 6,829,126 6,829,126

73 111 0 0 7,338,402 7,338,402

74 112 0 0 7,885,675 7,885,675

75 113 0 0 8,473,780 8,473,780

76 114 0 0 9,105,764 9,105,764

77 115 0 0 9,784,902 9,784,902

78 116 0 0 10,514,709 10,514,709

79 117 0 0 11,298,969 11,298,969

80 118 0 0 12,141,742 12,141,742

Totals: 379,575 840,000

81 119 0 0 13,047,395 13,047,395

82 120 0 0 14,020,620 14,020,620

83 121 0 0 15,066,457 15,066,457

84 122 0 0 16,166,309 16,166,309

85 123 0 0 17,346,449 17,346,449

86 124 0 0 18,612,740 18,612,740

87 125 0 0 19,971,470 19,971,470

Totals: 379,575 840,000

PolicyYear

EOYAge

PlannedPremium

NetIncome

Net SurrenderValue

Net DeathBenefit

Net SurrenderValue

Net DeathBenefit

Net SurrenderValue

Net DeathBenefit





Summary of Policy Values (cont'd)




State: Georgia






Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM


Page 20 of 21

The Accumulation VUL policy you are considering provides death benefit protection and flexibility of premium payments. It also has an investment component which allows you to choose from several portfolios, each with its own investment objective. This information supplements the attached illustration and should help you understand the assumptions which have been used in the projections of the values.

The Base Face Amount, during No-Lapse Guarantee Period, not including the Additional Death Benefit provided by the investment performance of your selected portfolios or any Supplemental Face Amount, is guaranteed to be paid at the death of the Insured (subject to the insurer claims paying ability) as long as No-Lapse Guarantee premium requirements are met. For the first 5 policy years, the guarantee also applies to the amount of Supplemental Face Amount and Return of Premium Death Benefit Rider, if elected. This is payable regardless of the policy's investment performance.

Certain aspects of the policy are based on investment performance and will vary depending on a number of factors, including the portfolios you have selected. Investment performance may vary from that shown on the attached illustration, and would affect:

• Additional Death Benefit provided by investment performance • Policy Value provided by investment performance • Total outlay over the lifetime of the policy

The Death Benefit will be reduced by any withdrawals and/or outstanding loans, including loan interest then due. In addition, there are non-guaranteed expense and cost of insurance charges that may change, but will never exceed the guaranteed maximums.

How Much Will My Insurance Cost?

The premiums required for the coverage will ultimately depend on the outcome of the underwriting process, and may vary from what is shown on the attached illustration. If so, you will receive a revised illustration with your insurance contract.

While premiums are payable for the lifetime of the insured, your illustration may show reduced or discontinued premiums in future years. If actual investment performance is less than illustrated, additional premium may be required to keep the policy inforce. We recommend that you review additional illustrations using various investment returns to understand how actual performance may affect the Policy Values and premium payment schedule.

Acknowledgment

I have received a Prospectus and have had an opportunity to carefully review the attached illustration with my Registered Representative. I understand that some of the values and benefits are non-guaranteed and are likely to change. I realize that the illustration is not part of the insurance contract.

_______________________________________________________ <ins1si> <ins1dt>

Applicant's Signature Date

____________________________________________________________________________________________________________ <acom> / <af> <afext> <adt> <asi>

Registered Rep's Signature (Donald T. McNeill, Jr., ChFC) Agency/Phone Number Date



Accumulation VUL Illustration Explanation









Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM

We appreciate your confidence in John Hancock Life Insurance Company (U.S.A.) and look forward to being of service to you.Please feel free to contact us with any questions.

Page 21 of 21

1 39 27,000 1,100,000 0 23,835 0 0 0 1,100,000

2 40 27,000 1,100,000 0 49,795 0 0 0 1,100,000

3 41 27,000 1,100,000 0 77,573 0 0 0 1,100,000

4 42 27,000 1,100,000 0 107,327 0 0 0 1,100,000

5 43 27,000 1,100,000 0 139,208 0 0 0 1,100,000

6 44 27,000 1,100,000 0 173,381 0 0 0 1,100,000

7 45 27,000 1,100,000 0 210,011 0 0 0 1,100,000

8 46 27,000 1,100,000 0 249,279 0 0 0 1,100,000

9 47 27,000 1,100,000 0 291,375 0 0 0 1,100,000

10 48 27,000 1,100,000 0 336,511 0 0 0 1,100,000

Totals: 270,000 0 0 0

11 49 27,000 1,100,000 49,288 389,141 0 0 0 1,149,288

12 50 27,000 1,100,000 173,819 445,547 0 0 0 1,273,819

13 51 27,000 1,100,000 300,511 505,983 0 0 0 1,400,511

14 52 27,000 1,100,000 429,595 570,723 0 0 0 1,529,595

15 53 1,575 1,100,000 492,254 613,349 0 0 0 1,592,254

16 54 0 1,100,000 553,348 657,290 0 0 0 1,653,348

17 55 0 1,100,000 617,451 704,306 0 0 0 1,717,451

18 56 0 1,100,000 684,722 754,607 0 0 0 1,784,722

19 57 0 1,100,000 612,390 746,107 60,000 0 0 1,712,390

20 58 0 1,100,000 542,015 736,892 60,000 0 0 1,642,015

Totals: 379,575 120,000 0 0

21 59 0 1,100,000 473,022 726,905 60,000 0 0 1,573,022

22 60 0 1,100,000 405,368 716,092 60,000 0 0 1,505,368

23 61 0 1,100,000 338,999 704,390 60,000 0 0 1,438,999

24 62 0 1,100,000 274,057 691,732 60,000 0 0 1,374,057

25 63 0 1,100,000 289,084 718,727 19,575 40,425 0 1,348,354

26 64 0 1,100,000 339,828 765,133 0 60,305 305 1,337,636

27 65 0 1,100,000 387,453 811,308 0 61,463 1,463 1,322,569

28 66 0 1,100,000 431,967 857,140 0 62,692 2,692 1,303,137

29 67 0 1,100,000 473,353 902,514 0 63,946 3,946 1,279,299

30 68 0 1,100,000 511,381 947,314 0 65,225 5,225 1,250,798

Totals: 379,575 379,575 354,054 13,630

PolicyYear

EOYAge

PlannedPremium

BaseFace

Amount

RequiredAdditional

DeathBenefit

PolicyValue

WithdrawalAmount

AnnualLoan

Amount

AnnualLoan

Interest

NetDeath

Benefit



Death Benefit Illustration









Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM

Death Benefit reflects cumulative withdrawals.

31 69 0 1,100,000 545,821 991,280 0 66,529 6,529 1,217,378

32 70 0 1,100,000 576,870 1,034,403 0 67,860 7,860 1,179,210

33 71 0 1,100,000 607,455 1,078,279 0 9,217 9,217 1,199,842

34 72 0 1,100,000 639,850 1,124,443 0 9,953 9,953 1,222,085

35 73 0 1,100,000 674,924 1,173,038 0 10,152 10,152 1,246,803

36 74 0 1,100,000 712,561 1,224,207 0 10,355 10,355 1,273,878

37 75 0 1,100,000 752,729 1,278,097 0 10,562 10,562 1,303,272

38 76 0 1,100,000 795,512 1,334,868 0 10,774 10,774 1,335,066

39 77 0 1,100,000 841,091 1,394,663 0 10,989 10,989 1,369,436

40 78 0 1,100,000 889,699 1,457,655 0 11,209 11,209 1,406,611

Totals: 379,575 379,575 571,655 111,230

41 79 0 1,100,000 941,749 1,524,035 0 11,433 11,433 1,446,999

42 80 0 1,100,000 997,711 1,594,005 0 11,662 11,662 1,491,066

43 81 0 1,100,000 1,057,610 1,667,782 0 11,895 11,895 1,538,832

44 82 0 1,100,000 1,121,958 1,745,587 0 12,133 12,133 1,590,805

45 83 0 1,100,000 1,190,957 1,827,648 0 12,376 12,376 1,647,181

46 84 0 1,100,000 1,264,211 1,914,186 0 12,623 12,623 1,707,560

47 85 0 1,100,000 1,342,394 2,005,414 0 12,876 12,876 1,772,609

48 86 0 1,100,000 1,425,834 2,101,534 0 13,133 13,133 1,842,653

49 87 0 1,100,000 1,514,940 2,202,797 0 13,396 13,396 1,918,096

50 88 0 1,100,000 1,609,919 2,309,459 0 13,664 13,664 1,999,139

Totals: 379,575 379,575 696,844 236,419

51 89 0 1,100,000 1,710,974 2,421,792 0 13,937 13,937 2,085,978

52 90 0 1,100,000 1,818,509 2,540,042 0 14,216 14,216 2,179,012

53 91 0 1,100,000 1,932,933 2,664,675 0 14,500 14,500 2,278,646

54 92 0 1,100,000 2,052,982 2,796,189 0 14,790 14,790 2,383,610

55 93 0 1,100,000 2,178,966 2,935,249 0 15,086 15,086 2,494,207

56 94 0 1,100,000 2,310,836 3,082,545 0 15,387 15,387 2,610,381

57 95 0 1,100,000 2,446,919 3,238,899 0 15,695 15,695 2,730,455

58 96 0 1,100,000 2,586,113 3,405,500 0 16,009 16,009 2,853,320

59 97 0 1,100,000 2,724,262 3,584,126 0 16,329 16,329 2,974,813

60 98 0 1,100,000 2,855,416 3,777,496 0 16,656 16,656 3,088,978

Totals: 379,575 379,575 849,449 389,024

PolicyYear

EOYAge

PlannedPremium

BaseFace

Amount

RequiredAdditional

DeathBenefit

PolicyValue

WithdrawalAmount

AnnualLoan

Amount

AnnualLoan

Interest

NetDeath

Benefit



Death Benefit Illustration (cont'd)









Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM


61 99 0 1,100,000 2,968,909 3,989,909 0 16,989 16,989 3,185,142

62 100 0 1,100,000 3,128,635 4,228,635 0 17,329 17,329 3,327,193

63 101 0 1,100,000 3,394,658 4,494,658 0 17,675 17,675 3,575,187

64 102 0 1,100,000 3,679,545 4,779,545 0 18,029 18,029 3,841,684

65 103 0 1,100,000 3,984,683 5,084,683 0 18,389 18,389 4,128,065

66 104 0 1,100,000 4,311,563 5,411,563 0 18,757 18,757 4,435,813

67 105 0 1,100,000 4,661,787 5,761,787 0 19,132 19,132 4,766,522

68 106 0 1,100,000 5,037,076 6,137,076 0 19,515 19,515 5,121,906

69 107 0 1,100,000 5,439,278 6,539,278 0 19,905 19,905 5,503,805

70 108 0 1,100,000 5,870,380 6,970,380 0 20,303 20,303 5,914,197

Totals: 379,575 379,575 1,035,474 575,049

71 109 0 1,100,000 6,332,516 7,432,516 0 20,709 20,709 6,355,210

72 110 0 1,100,000 6,827,979 7,927,979 0 21,124 21,124 6,829,126

73 111 0 1,100,000 7,359,232 8,459,232 0 21,546 21,546 7,338,402

74 112 0 1,100,000 7,928,921 9,028,921 0 21,977 21,977 7,885,675

75 113 0 1,100,000 8,539,892 9,639,892 0 22,417 22,417 8,473,780

76 114 0 1,100,000 9,195,198 10,295,198 0 22,865 22,865 9,105,764

77 115 0 1,100,000 9,898,124 10,998,124 0 23,322 23,322 9,784,902

78 116 0 1,100,000 10,652,196 11,752,196 0 23,789 23,789 10,514,709

79 117 0 1,100,000 11,461,205 12,561,205 0 24,264 24,264 11,298,969

80 118 0 1,100,000 12,329,223 13,429,223 0 24,750 24,750 12,141,742

Totals: 379,575 379,575 1,262,237 801,812

81 119 0 1,100,000 13,260,626 14,360,626 0 25,245 25,245 13,047,395

82 120 0 1,100,000 14,260,115 15,360,115 0 25,750 25,750 14,020,620

83 121 0 1,100,000 15,332,743 16,432,743 0 26,265 26,265 15,066,457

84 122 0 0 0 17,559,920 0 26,790 26,790 16,166,309

85 123 0 0 0 18,767,932 0 27,326 27,326 17,346,449

86 124 0 0 0 20,062,653 0 27,872 27,872 18,612,740

87 125 0 0 0 21,450,381 0 28,430 28,430 19,971,470

Totals: 379,575 379,575 1,449,913 989,488

PolicyYear

EOYAge

PlannedPremium

BaseFace

Amount

RequiredAdditional

DeathBenefit

PolicyValue

WithdrawalAmount

AnnualLoan

Amount

AnnualLoan

Interest

NetDeath

Benefit



Death Benefit Illustration (cont'd)









Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM


Financial Strength and Stability

John Hancock's strong ratings, as judged by the major rating agencies, are a comprehensive measure of the company's financial strength and stability. This is important because these financial ratings reflect the life insurance company's ability to pay claims in the future. John Hancock offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents, and distribution partners.



Strength. Stability. John Hancock.




Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM

Product & Concept

Concept Ledger

Approved in Georgia

Product Type Variable Life -- Single Life

Product Accumulation VUL 14

Policy Design

Insured Name Valued Client

Sex Male

Issue Age / Birthdate 01/15/1977

State Georgia

Risk Class Super Preferred NonSmoker

Total Face Amount 1,100,000

Death Benefit Option Option 1

Definition of Life Insurance Test

CVAT

Premium Schedule

27,000 1 15--

Premium Duration 15

Premium Mode Annual

Fund Type Weighted Average

Assumed Variable Rate 8%

Rate Type Gross

Agent Name Donald T. McNeill, Jr., ChFC

Policy Options

Estimated Policy Issue Date

Today + 1 Month

Charges Current

Lump Sum Month First Year

1

MEC Testing Avoid MEC

Distributions Schedule

60,000 Withdrawal To Cap &Switch To Loans

a57 a70--

Distribution Mode Monthly

Illustrate Overloan Protection

Yes

Withdrawal Cap Basis

Loan Cap None

Loan Interest Payment Type

Borrow

Owner Tax Rate 35.00%

Optional Reports

Optional Presentations No Presentation

Optional Reports Yes

Annual Account Summary

Yes

Cover Page Yes

Internal Rate Of Return Yes

Financial Strength Report

Yes

Historical Performance Reports

Yes



Input Summary ~~ Internal Use Only ~~ Internal Use Only ~~





State: Georgia



This illustration is only valid when all pages are included and accompanied or preceded by a current prospectus describing the Accumulation VUL policy.Version: 11.0 S[0-0-24576-3584-8192] - 365 01/19/2015 01:27:18 PM

John Hancock used the fully allocated expense method to test and verify all products for compliance with the NAIC Life Insurance Illustration Model Regulation.

non qualified deferred compensation/johnhancock

Economy & Finance