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Business Analyzer

Business owners and executives have several non-qualified plan options when it comes to funding their retirement and addressing estate planning and buy/sell objectives. With the Business Analyzer tool, you can help your business-owner clients determine which option may be best by answering questions based on their individual planning objectives.

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Privacy & Security  |  Legal

 

This material does not constitute tax, legal, investment or accounting advice and is not intended for use by a taxpayer for the purposes of avoiding any IRS penalty. Comments on taxation are based on tax law current as of the time we produced the material.

 

All information and materials provided by John Hancock are to support the marketing and sale of our products and services, and are not intended to be impartial advice or recommendations. John Hancock and its representatives will receive compensation from such sales or services. Anyone interested in these transactions or topics may want to seek advice based on his or her particular circumstances from independent professionals. 

 

Life insurance death benefit proceeds are generally excludable from the beneficiary’s gross income for income tax purposes. There are few exceptions such as when a life insurance policy has been transferred for valuable consideration.

 

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 59 1/2.  Cash value available for loans and withdrawals may be more or less than originally invested. Withdrawals are available after the first policy year. 

 

Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock.

 

Products or services offered under the Vitality Program are not insurance and are subject to change. There may be additional costs associated with these products or services and there are additional requirements associated with participation in the program. For more information, please contact the company at JohnHancock.com or via telephone at 888-333-2659.

 

Some riders may have additional fees and expenses associated with them. 

 

MLINY032223713-1

How to Attach a File

  1. Click ‘Attach Files’ button. The file upload page will open.
  2. Click 'Browse' to select the file, or type the path to the file in the box below (you can upload 5 files a time).
  3. Click 'Upload' to upload the files. Once the files have been uploaded successfully, a message will appear stating that your files have been uploaded
  4. Repeat step 2 - 3 to upload more files.
  5. Click the 'Close Window' once you complete the file upload.
  6. Verify that your upload files are listed under "List of Current Attachments" located above the Comments box.
  7. Click 'Submit' in the email page to complete sending your email and documents.

Attachment Requirements

You cannot attach the following file types:
extension details
*.exe Executable file (program)
*.mps Windows Sharing File allows you to map a Windows network drive to your VPS home directory across the Internet
*.vbs Script file (Microsoft Visual Basic)
*.avi Microsoft Audio Video Interleaved file for Windows movie
*.mpg MPEG Animation (movie file)
*.mpeg MPEG Animation (movie file)
*.bat Batch file
*.com Command file (program)
*.cmd Command file for Windows NT (similar to a DOS .BAT file), OS/2
*.scr Screen saver file / Screen Snapshot file / Fax image (Generic) / Debug Source Code (DOS Debug)
*.asf Microsoft Avanced Streaming Format (movie / music file)
*.mp3 MPEG Audio Layer 3 (AC3) - compressed audio file
*.eml (Outlook Express Mail Message) file type
*.pif Program Information File / Compressed archive (Macintosh)
*.scp Script file
*.shs Shell scrap file; reportedly used to send "password stealers"
*.swf Object (ShockWave Flash)

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