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Employer 412I Insurance Pension Annuity Contract Sample

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					                              412(i) Defined Benefit Plans




                                                                      Prepared for:
                                                                   2007 Sample



                                                                      Presented By:
                                                                    Agent/Producer




Important Information Regarding Insurance Products
Insurance products:
· are NOT insured by the FDIC;
· are NOT deposits or other obligations of any bank and are NOT guaranteed by any bank; and
· are subject to investment risks, including the possible loss of principal if the issuing company is unable to meet its obligations.

This material does not constitute tax, legal or accounting advice and neither John Hancock nor any of its agents, 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.




                                                                           Page 1 of 15


      QRP-1132                                                     Wednesday, May 30, 2007
412(i) Defined Benefit Plan                                                                  Presented For 2007 Sample
                                                                                           Presented By Agent/Producer
Table of Contents



Why Qualified Retirement Plans                 ......................................................................    3
The Benefits of Qualified Retirement Plans                      ......................................................   4
Advantages of Starting Early .............................................................................               5
Understanding the 412(i) Concept                  ..................................................................     6
   Features
   Who should consider 412(i) Defined Benefit Plans?
Requirements, Advantages & Disadvantages                            ..................................................   7
How a 412(i) Plan Works             .................................................................................    8
   Investments & Gain
Life Insurance in a 412(i) Plan             ..........................................................................   9
   Taxable "Economic Benefit"
Census Verification of Your Employees                      ........................................................... 10
Contribution & Life Insurance Detail ................................................................. 11
Contribution & Life Insurance Schedule                    ........................................................... 12
Plan Provisions & Assumptions ......................................................................... 13
Benefits & Contributions ................................................................................... 14
New Insurance Policies ..................................................................................... 15




                                                     Page 2 of 15


    QRP-1132                                   Wednesday, May 30, 2007
412(i) Defined Benefit Plan                                                   Presented For 2007 Sample
                                                                            Presented By Agent/Producer
Why Qualified Retirement Plans

Being able to retire when you want and how you want are important financial objectives. But
achieving these goals takes planning and perseverance.

Most will not be able to rely on Social Security alone – if at all – to provide the income they need
later in life. As a result, retirement savings and investments have become an essential
component of planning for a comfortable future for almost everyone.

As a business owner, your retirement planning needs are twofold: You will need to develop an
individual plan for meeting your personal retirement goals and you will need to shape the options
available to your employees.

The most effective way to plan for retirement and reduce business taxes is to start a qualified
plan. A Qualified Retirement Plan (QRP) is a retirement program designed to benefit business
owners and their key employees. It provides business and tax advantages in one package.




                                                 Page 3 of 15


    QRP-1132                               Wednesday, May 30, 2007
412(i) Defined Benefit Plan                                                                                     Presented For 2007 Sample
                                                                                                              Presented By Agent/Producer
The Benefits of Qualified Retirement Plans

One benefit to having a qualified plan for both the employer and employee is favorable tax treatment:

        *   The company receives a c urrent deduction for contributions to the plan.
        *   Participants are not tax ed on the contributions and earnings until they receive the funds.*
        *   Earnings accumulate on a tax-deferred basis .
        *   The employ er often can delay pay ment of contributions. Current year c ontributions may not have to be paid until
            the due date or, in many cases, the extended due date of y our tax return.

Qualified Plans do more than s ave you tax dollars. A qualified plan also c an:

        *   Make y our company more competitive in hiring and retaining the bes t workers.
        *   Increase employ ees’ incentive to boost productivity.
        *   Protect plan ass ets from creditors.
        *   Provide sec ure retirement funds for your employees.




                                                        If you reinvested your profits from your
                                                        corporation, up to 40% could go to taxes,
                                                        leaving only 60% to invest for retirement.*
                                 60%
                                                        *Ass umes c ombined c orporate tax brac ket of 40%.




                                                       If profits were paid as salary or
                                                       bonus, the employee could pay up
                                                       to 35% or more in individual income
                                                       taxes, leaving only 65% to invest.*
                                                                                                                        65%
                                                       * Ass umes employ ee is in a c ombined
                                                       federal/s tate tax brac ket of 35%.




                                                        Because a 412(i) contribution is tax-
                      100%                              deductible, the full amount will be
                                                        used to provide retirement savings.




*Current economic benefit of life insurance coverage may be taxable as income.




                                                                        Page 4 of 15


       QRP-1132                                                  Wednesday, May 30, 2007
412(i) Defined Benefit Plan                                                                         Presented For 2007 Sample
                                                                                                  Presented By Agent/Producer
Advantages of Starting Early


You can achieve virtually any goal if you give yourself enough time. With s ome endeavors, suc h as planning for
retirement, an early start can not only mak e the job easier but can also lead to greater rewards .

Although it’s never too late to plan for retirement, the earlier you start, the easier it shall be to ac cumulate the funds you’ll
need:
   * You will have more years to build a retirement nes t egg.
   * Your savings program will bec ome a habit – almost automatic.
   * The annual cost of ac hieving your retirement goal will be reduced.

To ens ure that you will have the financial resources necessary to maintain your lifes tyle after you retire, it is c ritical that
y ou develop a plan as early as possible. Initially y ou may not be able to follow your plan completely, but at least you will
k now what you’re aiming for. Once y ou have developed the plan, you will likely need to review it periodically and revise
it when appropriate.


                                              Cost of Waiting 5 Years
                Assumptions:
                * Maximum compensation of $225,000 (2007)                                             Age 50     Age 55
                * Retirement Age 65
                * Maximum monthly benefit of $15,000 (2007)
                * Ow ner only; no employees
                * Life insurance = $1,500,000 (100 x monthly benefit)
                                                                                                   $343,887
                                                                     $297,987


                                                                                     $213,172
                                                        $177,187



                            $35,985      $45,900




                         Insurance Premium              Annuity Deposit            Total Contribution
                      If you waited five years to begin your 412(i) plan, it would cost $130,715 more
                      per year to receive the same benefit at retirement!

        This chart is for illustration purpos es only and does not represent the performance of any particular investment.
        Ac tual produc t fees and charges may affec t the performance. A 10% IRS penalty may apply to amounts
        withdrawn before age 59 ½. Some s tates may impose a state premium tax on annuity products. Regular
        investing does not assure a profit and does not protect agains t loss es in a dec lining market.




                                                            Page 5 of 15


     QRP-1132                                         Wednesday, May 30, 2007
412(i) Defined Benefit Plan                                                                        Presented For 2007 Sample
                                                                                                 Presented By Agent/Producer
Understanding the 412(i) Concept

Only qualified 412(i) defined benefit retirement plans c an provide employ ees with a guaranteed retirement benefit payable
at normal retirement age. The retirement income is usually a monthly benefit bas ed on compensation and years of
s ervice, and pay able for the lifetime of the participant. Alternatively , plans allow for "cas h out" at retirement, with
participant rec eiving a single lump s um instead of monthly payments. These proceeds can be rolled to an IRA for
c ontinued tax deferral.

The Employer has an ongoing obligation to make neces sary c ontributions.

A 412(i) plan is a defined benefit retirement plan whos e funding requirements fall under Internal Revenue Code Sec tion
412(i). If a plan meets the requirements of this subs ection, it is exempt from the complex funding rules of Section 412
of the IRC applicable to all other defined benefit plans.

The "fully ins ured" 412(i) plan provides an attractive alternative solution offering simplicity, maximum c urrent tax-
deductible c ontributions and guaranteed retirement benefits .

Features

A "412(i) Defined Benefit plan" is a s pecial type of defined benefit pension plan, with the following s ignificant
c haracteristic s:

          *   Must be funded with insurance contrac ts (annuities and life insurance contracts).
          *   Typically generates largest pos sible tax deduction for the business compared to other qualified plans.
          *   412(i) defined benefit Plans may allow deductible contributions in ex cess of 25% of compens ation.
          *   Business owners normally receive the largest portion of the annual contribution compared to other partic ipants
          *   Dividends and excess interest are used to reduce the funding of future contributions.
          *   Flexible ves ting options are available to provide additional incentives to retain employ ees
          *   Additional protection for family and heirs may be provided with the addition of an insured death benefit to the
              plan. This increases tax deductions.

Who should consider 412(i) Defined Benefit Plans?

412(i) Plans are ideally suited for the s mall business owner or profess ional who was unable to save in the early y ears and
now, with stable projected business profits, desires to put away very large, tax deductible contributions .

Self employed individuals, with ex pectations of stable projected inc ome, may find the features of the 412(i) attrac tive.

Bus iness owners, s tarting a sec ond c areer, s hould give consideration to the creation of a 412(i) defined benefit plan.




                                                            Page 6 of 15


     QRP-1132                                         Wednesday, May 30, 2007
412(i) Defined Benefit Plan                                                                      Presented For 2007 Sample
                                                                                               Presented By Agent/Producer
Requirements, Advantages, and Disadvantages

Requirements

In order for a plan to qualify under Section 412(i), certain requirements must be met:

      * The plan must be funded solely with individual or group life insurance and annuity contracts that are part of the
        s ame s eries and use the same mortality tables and rate assumptions for all participants.

      * Insurance c ontrac ts fund benefits and premiums are assumed to be level for all benefits . Payments begin when
        a partic ipant enters the plan and may extend no later than the retirement date s pecified under the plan.

      * Plan benefits must be provided only by these contracts and be guaranteed by an insurance company. In effec t,
        the plan is "fully insured."

      * Participants may not take loans.

These requirements are easily satis fied using IRS-approved prototype plans and funded by products for this mark etplace.
John Hancock can provide produc ts that are ideally suited for use under a 412(i) plan, together with prototy pe defined plan
and trus t allowing the plan to meet "fully insured" requirements.

Advantages
A "fully ins ured" plan can provide substantial retirement benefits under this simple and secure program. The accrued benefit
for participants is s imply the c ash s urrender value of all ins uranc e contracts. It provides a max imum current tax deductible
c ontribution for the business. Some of its other advantages include:

      * There c an be no over-funding. There can be no under-funding. Contributions are bas ed solely on the guaranteed
        provision of the level premium contracts .
      * No actuarial certific ation required.
      * Substantial administrative s avings through the use of an IRS-approved prototype. John Hancoc k
        c an advise on spec ial programs available for very reasonable administrative fees .
      * No quarterly contributions are required, unlik e a traditional defined benefit plan; the "fully insured" model may be
        funded annually without having to pay interest.
      * The IRS will not challenge the plan funding assumptions, thus permitting higher deduc tions . It is the contract
        guarantees that govern the required contributions.
      * Conservative plan assets help balance the overall inves tment portfolio.

Disadvantage
The 412(i) plan may not be the ideal plan for all situations and businesses. Given the required contributions that must
be made each year, it works only when the business is established and highly profitable. It work s bes t when there are
few employees and where there is an older business owner, within 10 or 15 years of retirement.

John Hancock 's Plan Design Services uses the latest plan design innovations to provide the maximum contributions
for you and your key employees. We will work with you to create the best plan - 412(i), Traditional Defined
Benefit, or Profit Sharing plans - for your needs and desires.




                                                           Page 7 of 15


     QRP-1132                                        Wednesday, May 30, 2007
412(i) Defined Benefit Plan                                                                         Presented For 2007 Sample
                                                                                                  Presented By Agent/Producer
How a 412(i) Plan Works

Larger c urrent c ontributions are c reated with a 412(i) plan. Life insurance and annuity guaranteed assumptions are
c onservative. A Traditional Defined Benefit Plan will have an interest rate ass umption much higher than the guaranteed
interes t rate in a "fully ins ured" plan. The lower the plan ass umptions, the higher the required contribution. It's that simple.



Investments & Gains

It can be expected that some insurance contracts may earn interest above the guaranteed rate. In the case where a whole
life insurance c ontrac t is us ed, both dividends and interes t in ex cess of the guaranteed rate will decrease the
employer's contribution in a following year. It should be noted that life insurance dividends for all defined benefit plans must
be used to reduce the premium. (s ee Annual 412(i) Pens ion Cos t for more details )

Suc h gains will tend to increase over time, essentially lowering the cost of the 412(i) plan. Hence, if all else remains
unchanged, the "fully insured" plan's tax -deductible contributions will be greater in the early y ears. In contrast, due to
limitations imposed by the Omnibus Budget Reconciliation Act of 1987 (OBRA), the funding c osts for traditional defined
benefit plans will often tend to increase over time.

On the other hand, c ontributions for traditional defined benefit plans fluc tuate due to actuarial and inves tment experience.
To ens ure minimum funding standards are met, an enrolled actuary is required to certify the plan eac h year. Investment
rates are not known and can vary greatly over time. It is this ty pe of variability that can caus e a traditional defined benefit
plan to become over-funded (a higher investment return than expec ted) or under-funded (not enough contributions, given
the actual investment return and benefits paid.)

A 412(i) plan needs no actuarial certification, as only enough money to provide the guaranteed benefits can be paid to the
plan. There c an be no over-funding or under-funding problems.




                                                             Page 8 of 15


     QRP-1132                                         Wednesday, May 30, 2007
412(i) Defined Benefit Plan                                                                                         Presented For 2007 Sample
                                                                                                                  Presented By Agent/Producer
Life Insurance in a 412(i) Plan

Life Insurance

To maximize the available benefits of a 412(i) plan, an option to purc hase life insurance under the plan may provide a
portion of the plan retirement benefits. The guaranteed cash values and guaranteed premiums of whole life insurance or
universal life contracts are ideal for funding suc h a "fully insured" plan.*

Life insurance in all qualified retirement plans must comply with the "incidental ins uranc e" rules discussed in Treasury Reg.
Section 1.401 (b)(1)(i). These provisions plac e a limit on the amount of life insurance that may be purchas ed under the plan.
Generally, a defined benefit plan can provide no more than 100 times the projec ted monthly retirement inc ome as a pre-
retirement survivor benefit. An alternative provis ion under Rev. Rul. 74-307 instead allows up to one half of the level
premium to be used to purchase life insurance contracts within a defined benefit plan.

While life ins uranc e does not need to be offered under a 412(i) plan, this feature does provide important additional benefits
for a participant. If there is an insuranc e need, the participants may obtain the benefits of life insuranc e on a pre-tax basis.
For highly profitable, closely held businesses, there often exis ts a substantial insurance need for the owner.

Life insurance in the 412(i) plan provides immediate financ ial protection for the participant's family in the event of death
prior to retirement. Death proceeds in ex cess of the policy's cas h surrender value are received by the beneficiaries
income tax free.

Taxable "Economic Benefit"

When life insurance is included inside a pens ion plan, the participants mus t recognize as a taxable cost the "current
economic benefit" provided by the plan (IRC Section 72(m)3(B), Reg. Section 1.72-16(b)). Eac h partic ipant is then taxed
c urrently on the cost of the "pure" life insurance benefit. The cost of the ec onomic benefit is based on Table 2001 rates ,
or on the insurer's term rates if those rates are lower than the Table 2001 rates .




*Guaranteed product features are dependent upon minimum premium requirements and the claims-paying ability of the issuer.




                                                                       Page 9 of 15


       QRP-1132                                                 Wednesday, May 30, 2007
Census Verification of Your Employees                                                                           Presented For 2007 Sample
                                                                                                             Presented By Agent/Producer
Plan Effective Date 01/01/2007

                                                                                           Actual
Employee Name                         Sex     Date of Birth        Date of Hire         Compensation    Insurance   Comments

KHP John Doe                          M         01/01/1953          01/01/1990                225,000   Insurance   Active




 K    Indicates an Internal Revenue Code 416-defined key employee
 H    Indicates an Internal Revenue Code 414(q)-defined highly compensated employee
 P    Indicates a preferred employee for plan design purposes



                                                                    Page 10 of 15


  QRP-1132 12/2004                                            Wednesday, May 30, 2007
     JHSAMP-412IJF7-D1
Contribution & Life Insurance Detail                                                                                               Presented For 2007 Sample
Plan Year Ending 12/31/2007                                                                                                      Presented By Agent/Producer
Defined Benefit Plan: John Hancock 412(i) 2007 - Design# 1
Eligibility............................        Minimum Participation Age is 21
                                               Minimum Service: 12 months with the required number of hours of service
                                               Timing: Plan entry date nearest (months) to the satisfaction date.
                                               Entry Date: 01/01
Retirement........................             Minimum Retirement Age is 65
                                               Minimum Participation: 5 years
                                               Timing: Plan anniversary nearest (months) to the normal retirement age.
Contribution.......................            $368,453.00
Allocation..........................           Actuarially determined
% to Insurance..................               60% of contribution before insurance
Insurance Date..................               12/31/2007

                                                      Service                                         Life Insurance                  Fixed                  % of
                                Issue                  Years            Eligible     % of            Death          Premium         Annuity          Total   Plan
Employee Name                    Age              P     F   T            Comp       Comp            Benefit         Allocation   Allocation   Contribution Contrib

John Doe                                  55    18     10   28       225,000        163.76%     11,314,634          194,938.00   173,515.00   368,453.00   100.00%

                                          Total                         225,000    163.76%      11,314,634          194,938.00   173,515.00   368,453.00




P - Past Service Years
F - Future Service Years (Years to retirement)
T - Total Service Years


                                                                                         Page 11 of 15


 QRP-1132 12/2004                                                                  Wednesday, May 30, 2007
 JHSAMP-412IJF7-D1
 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.
Contribution & Life Insurance Schedule                                                                                                Presented For 2007 Sample
Plan Year Ending 12/31/2007                                                                                                         Presented By Agent/Producer
Defined Benefit Plan: John Hancock 412(i) 2007 - Design# 1

Eligibility..............................   Minimum Participation Age is 21
                                            Minimum Service: 12 months with the required number of hours of service
                                            Timing: Plan entry date nearest (months) to the satisfaction date.
                                            Entry Date: 01/01
Retirement...........................       Minimum Retirement Age is 65
                                            Minimum Participation: 5 years
                                            Timing: Plan anniversary nearest (months) to the normal retirement age.
Contribution.........................       $368,453.00
Allocation.............................     Actuarially determined
% to Insurance.....................         60% of contribution before insurance
Insurance Date....................          12/31/2007

                                                     Monthly               Lump Sum
                                                    Benefit at               Needed at               Death              Insurance     Fixed Annuity          Total
Employee Name                                      Retirement            Retirement (1)             Benefit           Premium (2)        Allocation   Contribution

John Doe                                                 15,000           3,836,317             11,314,634        194,938.00            173,515.00         368,453.00

                                                                                      Totals:                     194,938.00            173,515.00         368,453.00




(1) This is the amount necessary to fund the retirement benefit. It is not a representation of the life policy's value. Fund assumption @ 3.0% for the
above example

 (2) All premiums rates shown are subject to underwriting approval by the issuer.

 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 12 of 15
                                                                              Wednesday, May 30, 2007
       QRP-1132 12/200
       JHSAMP-412IJF7-D1
Plan Provisions & Assumptions                                                                                                           Presented For 2007 Sample
Plan Year Ending 12/31/2007                                                                                                           Presented By Agent/Producer
Defined Benefit Plan: John Hancock 412(i) 2007 - Design# 1

 Eligibility..............................   Minimum Participation Age is 21
                                             Minimum Service: 12 months with the required number of hours of service
                                             Timing: Plan entry date nearest (months) to the satisfaction date.
                                             Entry Date: 01/01
Retirement...........................        Minimum Retirement Age is 65
                                             Minimum Participation: 5 years
                                             Timing: Plan anniversary nearest (months) to the normal retirement age.
                                             Single life annuity commencing at retirement and payable monthly for life, possibly with a guaranteed number of
                                             payments.
Death Benefit Formula.........               Pre Retirement:
                                             60% of death benefit cost
                                             The illustrated death benefit is the death benefit from insurance.
                                             Interest Rate: 3.00%
                                             Salary Increase: None
                                             Mortality Table: NONE
                                             Post Retirement:
                                             181.8182% of compensation
                                             Benefit reduced by 1/25 for each year of benefit accrual service less than 25.
                                             Interest Rate: Product Default
                                             Mortality Table: 1983a IA Valuation
Insurance.............................       60% of contribution before insurance
                                             Issue Date: December 31, 2007
                                             Company: John Hancock Life Insurance Company
                                             PWL (Full Pay)
Top Heavy Provisions..........               Assumed Status: System Determined - Top Heavy
                                             IRC 416 Minimum Benefit: 2.00% of pay
Compensation Provisions....                  Plan Compensation: 99 Year Average
                                             Maximum Compensation: $225,000
Accrued Benefit...................           Pro-rata based upon participation plus an optional 0.00 number of years of service.
Vesting Schedule.................            No vesting schedule
                                             Vesting is based on all service excluding that prior to the Effective Date and age 18

Accrual Cost Method............              Collective Aggregate With ILP-Cost-Weighted Annuity
                                             The pre-retirement death benefit is traditionally split-funded through individual insurance contracts and retirement annuities.
Contribution.........................        $368,453.00
Allocation.............................      Actuarially determined




This illustration is based on the assumptions shown above and reflects currently applicable IRC provisions. Employers should consult with tax and
legal counsel before adopting a plan document or plan amendment. This proposal is for illustrative purposes only.



                                                                                       Page 13 of 15


        QRP-1132                                                                Wednesday, May 30, 2007
        JHSAMP-412IJF7-D1
Benefits & Contributions                                                                                                            Presented For 2007 Sample
Plan Year Ending 12/31/2007                                                                                                       Presented By Agent/Producer
Defined Benefit Plan: John Hancock 412(i) 2007 - Design# 1

 Eligibility..............................    Minimum Participation Age is 21
                                              Minimum Service: 12 months with the required number of hours of service
                                              Timing: Plan entry date nearest (months) to the satisfaction date.
                                              Entry Date: 01/01
Retirement...........................         Minimum Retirement Age is 65
                                              Minimum Participation: 5 years
                                              Timing: Plan anniversary nearest (months) to the normal retirement age.
Contribution.........................         $368,453.00
Allocation.............................       Actuarially determined
% to Insurance.....................           60% of contribution before insurance
Insurance Date....................            December 31, 2007
                                                                               AN T I C I P AT E D       B EN EFITS
                                                         MONTHLY BENEFITS AT RETIREMENT                              LUMP SUM
                                                                                                                                                            % of
                                             Annual        Monthly          Social            Total       At Retirement          Death       Total          Plan
Employee Name                                Comp          Benefit         Security          Benefit          Sum               Benefit   Contribution     Contrib
John Doe                                       225,000         15,000            2,094          17,094        3,836,317      11,314,634       368,453       100.00% K

 Totals:                                       225,000                                          17,094        3,836,317      11,314,634        368,453

 Key People:                                   225,000                                          17,094        3,836,317                       368,453
 Key as % of total:                            100.00%                                        100.00%              100.00%                    100.00%


After Tax Analysis
 Plan Sponsor's Tax Rate                                                                       40.00%              First Year Contribution Comparison
 Plan Sponsor's Total Plan Cost                                                               368,453                 Owners
 Plan Sponsor's Tax Savings                                                                   147,381                 o r Key
 Net After Tax Cost of Plan                                                                   221,072                  100%

 Contribution for Highly Compensated Employees                                                368,453
 % of Net Cost for Highly Compensated Employees                                               166.67%




                                                                                                                                              All Others
                                                                                                                                                  0%




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 14 of 15
        QRP-1132                                                               Wednesday, May 30, 2007
        JHSAMP-412IJF7-D1
  New Insurance Policies                                                                                                         Presented For 2007 Sample
  Plan Year Ending 12/31/2007                                                                                                  Presented By Agent/Producer
  Defined Benefit Plan: John Hancock 412(i) 2007 - Design# 1
   Eligibility........................           Minimum Participation Age is 21
                                                 Minimum Service: 12 months with the required number of hours of service
                                                 Timing: Plan entry date nearest (months) to the satisfaction date.
                                                 Entry Date: 01/01
  Retirement.....................                Minimum Retirement Age is 65
                                                 Minimum Participation: 5 years
                                                 Timing: Plan anniversary nearest (months) to the normal retirement age.
  Contribution...................                $368,453.00
  Allocation.......................              Actuarially determined
  % to Insurance..............                   60% of contribution before insurance
  Insurance Date..............                   12/31/2007

                                         Issue      Ret.          Death               Cash Value            Premium             PS58                  Insurance
  Employee Name                           Age       Age          Benefit             @ Retirement           Allocation          Cost                   Product

 John Doe                                55        65            11,314,634             1,787,486             194,938.00    12,220.00          PWL (Full Pay)

                                              Totals:            11,314,634             1,787,486             194,938.00    12,220.00




The PS58 Cost is the value of Current Life Insurance protection and is generally included in the participant's taxable income each year. This
amount may increase each year. For more specific information, contact your tax advisor.

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.

Insurance policies and/or associated riders and features may not be available in all states.

                                                                                                         Insurance products are issued by: John Hancock Life Insurance
                                                                                                  Company (U.S.A.) (not licensed in New York), John Hancock Variable
                                                                               Page 15 of 15
                                                                                                Life Insurance Company (not licensed in New York), John Hancock Life
       QRP-1132                                                                                          Insurance Company, Boston, MA 02116 and John Hancock Life
                                                                                                                   Insurance Company of New York, Valhalla, NY 10595.
       JHSAMP-412IJF7-D1                                         Wednesday, May 30, 2007                                                               MLINY0228077635

				
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Description: Employer 412I Insurance Pension Annuity Contract Sample document sample