The solution

An Executive Bonus Plan is one of the easiest approaches to enhance a compensation package for key employees. A John Hancock Vitality PLUS life insurance policy purchased as part of an Executive Bonus Plan can provide:



Supplemental income

Health & well-being

Long-term Care Protection

Protection for critical illness



Key benefits of an Executive Bonus Plan

With John Hancock Vitality life insurance, employers can stand out from the competition by offering their top employees a compensation solution that is:

  • Simple to
  • |
  • Easy to
  • |
  • Exclusive for your
    best employees
  • |
  • Focused
    on wellness

Learn more about the Executive Bonus Plan:


How it works

See an executive bonus plan in action


Let us help you navigate executive benefit planning: 
call us at 1-888-266-7498 (option 3) or email


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 advisors.

Loans and withdrawals will reduce the death benefit, 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. 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.

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.

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