What is Indexed UL?

John Hancock's new Indexed UL is designed to be an industry leader in cash value accumulation and retirement income1 potential. Indexed UL blends together the right combination of opportunity and protection with the potential to earn interest that is linked to the S&P 500 Index®2, while protecting the policy's cash value from downside market risk.

How Can INDEXED UL
Meet Clients' Needs?

Indexed UL is designed for clients ages 35–65 who are not only looking for death benefit protection, but also want to accumulate significant cash values as a source of supplemental retirement income — especially those who are maximizing their contributions to qualified retirement plans and still face a possible retirement income shortfall.

What are the Key
Selling Points?

  • Opportunity—Indexed UL offers the flexibility of two Indexed Accounts and a competitive Fixed Account—giving clients the option to allocate premiums to one or all of these strategies:
    • Two Indexed Accounts earn interest linked to the performance of the S&P 500, offering higher upside potential
      • Capped Indexed Account, credits the gain of the S&P 500 up to a current Cap Rate
      • Unique one-year Uncapped Indexed Account credits the full gain of the S&P 500, less a current Threshold Rate — allowing for more upside potential
      • Guaranteed 0% floor on both Indexed Accounts — eliminating market-based losses
    • Competitive Fixed Account
      • Providing clients with safe and steady growth
  • Simplicity—Utilizes one broad-based U.S. market index — the S&P 500 — an annual point-to-point crediting method that gives clients quicker access to their interest credits.
  • Protection—Provides guaranteed downside protection with a 0% minimum interest rate guarantee plus the added security of a 15-year No-Lapse Guarantee.3

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1. Loans and withdrawals will reduce the death benefit and the cash surrender value, and may cause the policy to lapse. Lapse or surrender of a policy with a loan may cause the recognition of taxable income. Withdrawals in excess of the cost basis (premiums paid) will be subject to tax and certain withdrawals within the first 15 years may be subject to recapture tax. Additionally, policies classified as Modified Endowment Contracts may be subject to tax when a loan or withdrawal is made. A federal tax penalty of 10% may also apply if the loan or withdrawal is taken prior to age 59½. Cash value available for loans and withdrawals may be more or less than originally invested. Withdrawals are available after the first policy year.

2. Excluding dividends. Standard & Poor's®, S&P®, S&P 500®, Standard & Poor's 500 and 500 are trademarks of Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. and have been licensed for use by John Hancock. The product is not sponsored, sold, endorsed or promoted by Standard & Poor's, and Standard & Poor's makes no representation regarding the advisability of purchasing the Product. The S&P 500® Index is an index of 500 stocks that are generally representative of the performance of leading companies in leading industries within the U.S. You cannot invest directly in the S&P 500® Index.

3. The No-Lapse Guarantee (NLG) is automatically included with Indexed UL. It guarantees that the policy will not default, even if the cash surrender value falls to zero or below, provided the NLG cumulative premium test performed at the point of lapse is met and policy debt does not exceed the policy value. Once lapsed, the guarantee cannot be reinstated. See the product technical guide for additional details.

For agent use only. Not for use with the public.

Guaranteed product features are dependent upon minimum premium requirements and the claims-paying ability of the issuer. Insurance policies and/or associated riders and features may not be available in all states. Some riders may have additional fees and expenses associated with them.

Insurance products are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.