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

Accumulation Indexed Universal Life Insurance

About This Illustration

This illustration is intended to assist you in understanding how your policy may perform over time given a specified set of

assumptions applied to the features of the policy. The illustration is not intended to predict your actual policy performance.

Certain values shown in this illustration are guaranteed, and other values are not guaranteed. Unless

otherwise stated, amounts credited and other values set forth in this illustration are not guaranteed.

Your policy’s guaranteed values are determined at policy issue and are guaranteed not to change over the life of the

policy. Non-guaranteed values may change from time-to-time in response to actions that you or the insured take, changes

that we make, or changes in the Index Segment Interest Credits. For example, the interest rate credited to the Fixed

Account may exceed the guaranteed rate, the Segment Growth Rate may exceed the Segment Floor Rate, and monthly

charges may be less than their corresponding maximum guaranteed charges. In addition, John Hancock ("we") may

change the Segment Cap Rate and the Participation Rate. Illustrated values that are based upon non-guaranteed

assumptions may be more favorable to you than the values shown based upon guaranteed assumptions.

We recommend that you request multiple illustrations that assume different Segment Growth Rates to better

understand the policy performance under different scenarios.

Also, please review your policy’s performance periodically to ensure you are on track to meet your goals.

The illustrated Segment Growth Rate used to calculate the illustrated values is hypothetical. If the assumed

Segment Growth Rate in an illustration is not achieved, this can have a significant effect on the Policy Value,

with the result that you may have to pay more premiums than you had anticipated, or your policy may lapse.

We also suggest you request in force illustrations from time to time which will also provide you with an

updated projection of policy performance. You should review these documents with your financial

professional.

This illustration is not a contract and will not become part of the policy. Descriptions provided in this illustration summarize

some of the policy features; however, it does not supersede, nor should it be considered a substitute for, the policy

contract. The policy constitutes the actual agreement of coverage and contains the entire terms of the contract.

Capitalized terms referred to in this illustration have the meanings given in this illustration or in the policy contract.

The information provided by John Hancock to you or your financial professionals in connection with this sale is not

intended as tax, legal, or investment advice or a recommendation to purchase John Hancock products and services. John

Hancock and its representatives will receive compensation derived from such sales or services.

Brief Description of the Policy

The Accumulation Indexed Universal Life Insurance policy which you are considering provides death benefit protection

and premium payment flexibility. Actions you or the insured take can affect your policy and the premium required to

maintain coverage, such as:

• The amount and timing of premiums you pay

• Your allocation of policy values among the options available in the policy

• Any loans, withdrawals, or material changes you make to your policy

Your policy can also be affected by:

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Valuable Information About Your Life Insurance Illustration

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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• Changes that we make to the current declared interest rate of the Fixed Account

• Changes in the Index Segment Interest Credits earned by Segments in an Index Account on a Segment Maturity

Date

• Changes to the current Cost of Insurance rates

Premiums You Pay

One of the advantages of Accumulation Indexed Universal Life Insurance is premium payment flexibility, allowing you to

vary the amount and frequency of your payments as long as the premiums you pay, less premium charges, and interest

amounts credited to your policy are sufficient to cover the Monthly Deductions and any other charges. Premiums are

subject to maximum guidelines allowed by the Internal Revenue Code, and premium payments in excess of the Planned

Premium are subject to our approval. Policy loans, withdrawals or changes in crediting rates to the Fixed Account or the

Indexed Accounts could necessitate additional premium payments to maintain your insurance coverage. Premium limits

and requirements may change after issue if unscheduled changes are made or if planned changes are made at different

times than originally assumed.

This illustration assumes an initial Planned Premium of $25,000.00 and that all subsequent premium payments are made

at the beginning of each modal period you selected (e.g., monthly, annually). Paying less than the Planned Premium can

have a negative impact on the policy and its guarantees. Reduced or discontinued premiums in future years are only

possible if the premiums paid and amounts credited are sufficient to cover the Monthly Deduction and any other charges.

The Minimum Initial Premium is shown on the Basic Illustration Summary page and is the minimum premium needed to

put the policy in force.

Based on the initial Death Benefit and other policy assumptions shown in the illustration, the level annual premium to

guarantee coverage for life is $25,000.00. Premiums are subject to maximum guidelines allowed by the Internal Revenue

Code.

Please refer to the Basic Illustration Summary page for your initial premium allocation.

Your Death Benefit

This illustration reflects an initial Death Benefit of $391,567 (Option 2). The initial Death Benefit is composed of $391,567

in Base Face Amount and $0 in Supplemental Face Amount. Starting in Policy Year 20 the Death Benefit illustrated is the

Face Amount plus any Required Additional Death Benefit (Option 1). The Net Death Benefit reflects the reduction of the

Death Benefit by any Policy Debt (total loans plus any loan interest due).

The greater the proportion of Base Face Amount at issue to the Total Face Amount at issue, the higher the Total Face

Amount charge will be. This means for the same Total Face Amount at issue, your charge per $1,000 of Total Face

Amount will be higher if you elected a policy without Supplemental Face Amount as opposed to a policy with it. On the

other hand, the No-Lapse Guarantee Period will be longer for Base Face Amount coverage than for the Supplemental

Face Amount coverage.

If your priority is to reduce your Face Amount charges, you may wish to maximize the proportion of the Supplemental Face

Amount. However, if your priority is to take advantage of the No-Lapse Guarantee feature after the fifth Policy Year or to

maximize the death benefit when the insured person reaches age 121, then you may wish to maximize the proportion of

the Base Face Amount. The No-Lapse Guarantee for the Base Face Amount under any policy that has elected an

increasing Supplemental Face Amount, or the Return of Premium Death Benefit Rider is limited to the first five Policy

Years.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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This policy illustration shows the No-Lapse Guarantee keeping the policy’s Base Face Amount in force for 15 years. If

increasing Supplemental Face Amount coverage or the Return of Premium rider are elected, No-Lapse Guarantee

protection for the Base Face Amount coverage is limited to the first five Policy Years. During the No-Lapse Guarantee

Period, if the Net Cash Surrender Value should fall to zero or below, Base Face Amount coverage will continue provided

that the No-Lapse Guarantee Cumulative Premium Test is satisfied. After the expiration of the No-Lapse Guarantee

Period, if the Net Cash Surrender Value falls to zero or below, you must pay sufficient additional premiums to keep the

policy in force. In this illustration, this test is satisfied if the sum of all premiums paid, net of withdrawals and any Policy

Debt, is greater than or equal to $4,431.89 multiplied by the number of years coverage has been in effect.

The No-Lapse Guarantee protects the Supplemental Face Amount coverage and the Return of Premium rider (both if

elected) for the first five Policy Years, provided that the No-Lapse Guarantee Cumulative Premium Test is satisfied. In

Policy Years six and after, if the Net Cash Surrender Value falls to zero or below, you must pay sufficient additional

premiums to keep these coverages in force. If you do not pay additional premiums, the Supplemental Face Amount and

the Return of Premium rider may lapse even though your Base Face Amount does not.

Death Benefit Option changes; adding, terminating or changing a rider; an unscheduled increase or decrease to the

Supplemental Face Amount coverage; a Base Face Amount decrease; or a change to the Life Insured's Risk Classification

or Additional Rating may all cause the No-Lapse Guarantee Premium to be recalculated, or in some cases result in the

No-Lapse Guarantee terminating. Note that if a policy loan is outstanding at the time your Net Policy Value falls to zero,

the No-Lapse Guarantee will not prevent the policy from lapsing.

Allocation of Your Policy Values and Interest Credits

You may allocate premium or transfer policy value to the Fixed Account or to one or more of the Indexed Accounts

described below.

The Fixed Account

The Fixed Account (referred to as the Guaranteed Interest Account in your policy) credits interest daily at a current annual

rate that we declare, subject to the Minimum Guaranteed Interest Account Annual Rate of 1%. The Fixed Account is not

linked to the performance of any index, and thus is likely to experience lower volatility than the Indexed Accounts. At the

same time, the long-term performance of the Fixed Account may be expected to be lower than the Indexed Accounts.

Illustrated values for the current assumptions show an increase in the crediting rate to the Fixed Account beginning with

Policy Year 11. This increase is referred to as a "persistency bonus," and it is not guaranteed. We are currently illustrating

this increase to be 0.35%. We will only apply the persistency bonus to the portion of your Policy Value that is allocated to

the Fixed Account, and to any amount allocated to the Indexed Account that is not yet designated to a Segment (a

"Holding Segment").

The Indexed Accounts

The Indexed Accounts offered in the policy are the Select Capped Indexed Account, the Base Capped Two Year Indexed

Account, the Barclays Global MA Bonus Indexed Account, the Barclays Global MA Classic Indexed Account, the Capped

Indexed Account, the High Capped Indexed Account, the High Par Capped Indexed Account, the Enhanced Capped

Indexed Account and the Enhanced High Capped Indexed Account. We also offer a Loaned Indexed Account, which is

only available if you have taken a Fixed Index Loan.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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This illustration assumes amounts are allocated to the Indexed Accounts to form new Segments on the Issue Date.

However, amounts allocated to the Indexed Accounts only form new Segments on the Segment Initiation Date (generally,

the 15th of the month), subject to a Lock In Date of three Business Days prior to the Segment Initiation Date. Depending

on the date we receive your premium, there may be a delay of up to one month between the premium receipt date and the

Segment Initiation Date when any allocated portion of the premium is included in a new Segment.

Index Segment Interest Credit

For any Indexed Account that you elect, an Index Segment Interest Credit will be calculated using a formula described in

your policy that references an external index ("Index") and Indexed Account parameters:

• The Indices that the Indexed Accounts reference are the Standard & Poor's 500 Composite Price Index and the

Barclays Global MA Index. While the Indexed Accounts refer to these Indices, the policy does not directly participate

in any stock or equity investments. Each Indexed Account tracks the Index and measures the performance of the

Index from the Segment Initiation Date to the Segment Maturity Date, without including dividends.

•

The S&P 500 Index

includes 500 large cap common stocks actively traded in the United States.

• The Barclays Global MA Index (the Index) is a rules-based index that has twelve components that provide

diversification across asset classes and geographic regions in recognition that the components react differently to

the same market or economic environment. The components and the maximum and minimum weights to each

component are the following Barclays Bank PLC or its affiliates' indexes or commodities futures:

Barclays Bank PLC or its affiliates' indexes or commodities futures

Component

Min/Max

Barclays US Tracker ER Index (BXIIUSER)

7.5% / 25%

Barclays US Tech Tracker ER Index (BXIITTER)

5% / 20%

Barclays Europe Tracker USD ER Index (BXIIETUE)

5% / 20%

Barclays GERMANY Tracker USD ER Index (BXIIDEUE)

2.5% / 15%

Barclays Japan Tracker USD Index (BXIIJTUE)

2.5% / 15%

Barclays MSCI Emerging Market Tracker ER Index (BXIIMEER)

2.5% / 10%

Gold Futures (BCC2GC0P)

0% / 20%

Barclays US 5yr Treasury Futures Index (BXIIUS05)

0% / 50%

Barclays US 10yr Note Futures Index (BXIIUS10)

0% / 50%

Barclays Euro-Bobl Alt Roll Futures in USD (BXIIE05D)

0% / 50%

Barclays Euro-Bund Alt Roll Futures Index in USD (BXIIE10D)

0% / 50%

Barclays JGB Alt Roll 10yr Futures ER Index in USD (BXIIJTED)

0% / 50%

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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The Index’s rules create a component portfolio that allocates among the components based on the Modern Portfolio

Theory, on performance momentum, and the volatility of each component, subject to the maximum and minimum

weights for each component and a portfolio target volatility of 7%. Allocations based on Modern Portfolio Theory

seek to find the allocation among the components that provide the maximum return at a given risk level. Allocations

based on performance momentum seek to increase allocations to components with stronger recent performance,

and reduce allocation to components with weaker recent performance. Based on these allocation rules, the sum of

each component allocation may be as high as 150%. The component portfolio may change daily.

The higher the allocation to fixed income components or the lower exposure to the component portfolio, the lower

the potential increase in the Index value. In addition, if at a time the Index has a higher allocation to fixed income

components or a lower exposure to the component portfolio, equities experience a rapid upswing, the Index will not

increase in value in the same manner as the increase in equities. Moreover, in a rapidly rising interest rate

environment, the higher the allocation to fixed income components, the lower the potential increase in the Index

value.

Once the component portfolio is constructed, the Index will adjust the exposure to the component portfolio to

maintain "volatility control". If the recent volatility of the component portfolio is greater than 7%, the component

portfolio exposure will be less than 100%, and may be as low as 25%. If it is less than 7%, the component portfolio

exposure can be greater than 100%, and may be as high as 150%. The impact of the maximum sum of the

components allocation of 150% together with the maximum volatility control exposure may result in a maximum total

component portfolio exposure of 225%. The exposure may change daily.

The change in the Barclays Global MA Index in up market conditions will not be as high, and in down market

conditions as low, had there not been the volatility control. Note that the indexed accounts provide down market

protection through the Segment Floor Rate of 0%. Thus, the volatility control feature of the Barclays Global MA

Index may benefit John Hancock through reduced hedging costs.

The Index’s rationale may not be successful and the ability to construct the component portfolio may not be possible

or subject to being recreated on another computer. The Index also takes into account for each component a "running

cost" ranging from 0.20% to 0.30% per annum and a "rebalancing cost" ranging from 0.02% to 0.05% depending on

the component, and is deducted on the relevant trading day. These costs reduce the daily Index value.

• The Indexed Account parameters of each Indexed Account may include a Segment Floor Rate, a Segment Cap

Rate, a Participation Rate, a Segment Term, a Guaranteed Fixed Bonus, and a Guaranteed Indexed Account

Multiplier. Discuss these parameters with your financial professional to ensure you understand how they may affect

the Index Segment Interest Credit.

The Segment Cap Rate limits the rate that is used in calculating the Index Segment Interest Credit. If the positive index

change multiplied by the Participation Rate results in a rate that is higher than the Segment Cap Rate, we will use the

Segment Cap Rate to determine the Index Segment Interest Credit. If the positive index change multiplied by the

Participation Rate is less than the Segment Cap Rate but greater than the Segment Floor Rate, we would use the index

change multiplied by the Participation Rate to determine the Index Segment Interest Credit. Any positive return is further

enhanced by a Guaranteed Indexed Account Multiplier, if applicable, in the Index Segment Interest Credit calculation.

Following are the Indexed Accounts currently offered and their respective Indexed Account parameters:

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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Indexed Account Parameters

Index

Account

Index

Current

Segment Cap

Rate

Guaranteed

Segment

Minimum Cap

Rate

Current

Participation

Rate

Guaranteed

Indexed

Account

Multiplier

Index

Performance

Charge

Select Capped

S&P 500

8.00%

3.00%

100%

0.00%

Base Capped Two

Year

(2-Year Segment

Term)

S&P 500

21.00%

3.00%

100%

0.00%

Barclays Global MA

Bonus

Barclays Global MA

N/A**

N/A

100%

(10% minimum)

0% *

0.00%

Barclays Global MA

Classic

Barclays Global MA

N/A**

N/A

125%

(20% minimum)

0.00%

Capped

S&P 500

8.75%

3.25%

100%

45%

1.98%

High Capped

S&P 500

10.00%

3.75%

100%

30%

1.98%

High Par Capped

S&P 500

7.50%

3.00%

160%

(140% minimum)

45%

1.98%

Enhanced Capped

S&P 500

9.50%

3.50%

100%

106%

4.98%

Enhanced High

Capped

S&P 500

12.00%

4.25%

100%

80%

4.98%

Loaned Indexed

S&P 500

8.75%

3.25%

100%

45%

1.98%

* This account has a 0.65% guaranteed Fixed Bonus Interest Rate.

** While there is no contractual segment cap rate for these accounts, there is a volatility control mechanism built into the Index rules that will

impact the returns on these accounts. As described above, the change in the Barclays Global MA Index in up market conditions will not be as

high as it would be had there not been the volatility control.

Unless these Indexed Account parameters are guaranteed, the Indexed Account parameters may be

changed from time to time by John Hancock for any Segment created after the date of the change. If the

Indexed Account parameters are lower than illustrated, the amount of Index Segment Interest Credit applied

to your Policy Value will be less. This may affect the long-term performance of your policy and you may

need to make additional premium payments in order to keep your policy in force.

John Hancock reserves the right to add Indexed Accounts or cease offering one or more of the Indexed Accounts at any

time. We also reserve the right for any Indexed Account to substitute an Index with another Index for any reason. If we

substitute an Index for another Index, the Indexed Account will continue to offer the same guaranteed Indexed Account

Multiplier and guaranteed Indexed Account parameters. We will give you notice when we do so. Depending on what we

add, substitute, or remove, the expected return and volatility relationship among Indexed Accounts might change. You

should contact your financial professional to select an allocation that is best for you.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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Each Indexed Account has different parameters that presents you with a different risk and return profile and a different

range of potential outcomes.

Following are hypothetical examples showing each Indexed Account that is available with this life insurance policy. The

examples are using the hypothetical cap rate, participation rate, guaranteed multipliers, guaranteed fixed bonus interest

and index performance charge and show how the Indexed Accounts would perform under three different index returns,

over the Segment Term for the given Indexed Account. The Segment Growth Rate is the index change multiplied by the

participation rate, subject to the hypothetical cap rate. The crediting rate is the Segment Growth Rate multiplied by one

plus the Guaranteed Indexed Account Multiplier.The guaranteed Fixed Bonus Interest (if applicable) is added to the

crediting rate.

Index Returns 0% or Lower

Index

Account

Hypothetical

Cap

Hypothetical

Participation

Rate

Guaranteed

Indexed

Account

Multiplier

Index

Performance

Charge

Segment

Growth

Rate

Crediting

Rate

Crediting

Rate minus

Index

Performance

Charge

Select Capped

8.00%

100%

0.00%

Base Capped

Two Year

(2-Year Segment

Term)

21.00%

100%

0.00%

Barclays Global

MA Bonus

N/A**

100%

0% *

0.00%

0.65%

Barclays Global

MA Classic

N/A**

125%

0.00%

Capped

8.75%

100%

45%

1.98%

0.00%

-1.98%

High Capped

10.00%

100%

30%

1.98%

0.00%

-1.98%

High Par Capped

7.50%

160%

45%

1.98%

0.00%

-1.98%

Enhanced

Capped

9.50%

100%

106%

4.98%

0.00%

-4.98%

Enhanced High

Capped

12.00%

100%

80%

4.98%

0.00%

-4.98%

* This account has a 0.65% guaranteed Fixed Bonus Interest Rate.

** While there is no contractual segment cap rate for these accounts, there is a volatility control mechanism built into the Index rules that will

impact the returns on these accounts. As described above, the change in the Barclays Global MA Index in up market conditions will not be as

high as it would be had there not been the volatility control.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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07/18/2022 12:04:13 PM Page 7 of 48

Index Returns 5%

Index

Account

Hypothetical

Cap

Hypothetical

Participation

Rate

Guaranteed

Indexed

Account

Multiplier

Index

Performance

Charge

Segment

Growth

Rate

Crediting

Rate

Crediting

Rate minus

Index

Performance

Charge

Select Capped

8.00%

100%

0.00%

5.00%

5.25%

Base Capped

Two Year

(2-Year Segment

Term)

21.00%

100%

0.00%

5.00%

Barclays Global

MA Bonus

N/A**

100%

0% *

0.00%

5.00%

5.65%

Barclays Global

MA Classic

N/A**

125%

0.00%

6.25%

Capped

8.75%

100%

45%

1.98%

5.00%

7.25%

5.27%

High Capped

10.00%

100%

30%

1.98%

5.00%

6.50%

4.52%

High Par Capped

7.50%

160%

45%

1.98%

7.50%

10.88%

8.90%

Enhanced

Capped

9.50%

100%

106%

4.98%

5.00%

10.30%

5.32%

Enhanced High

Capped

12.00%

100%

80%

4.98%

5.00%

9.00%

4.02%

* This account has a 0.65% guaranteed Fixed Bonus Interest Rate.

** While there is no contractual segment cap rate for these accounts, there is a volatility control mechanism built into the Index rules that will

impact the returns on these accounts. As described above, the change in the Barclays Global MA Index in up market conditions will not be as

high as it would be had there not been the volatility control.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM Page 8 of 48

Index Returns 20%

Index

Account

Hypothetical

Cap

Hypothetical

Participation

Rate

Guaranteed

Indexed

Account

Multiplier

Index

Performance

Charge

Segment

Growth

Rate

Crediting

Rate

Crediting

Rate minus

Index

Performance

Charge

Select Capped

8.00%

100%

0.00%

8.00%

8.40%

Base Capped

Two Year

(2-Year Segment

Term)

21.00%

100%

0.00%

20.00%

Barclays Global

MA Bonus

N/A**

100%

0% *

0.00%

20.00%

20.65%

Barclays Global

MA Classic

N/A**

125%

0.00%

25.00%

Capped

8.75%

100%

45%

1.98%

8.75%

12.69%

10.71%

High Capped

10.00%

100%

30%

1.98%

10.00%

13.00%

11.02%

High Par Capped

7.50%

160%

45%

1.98%

7.50%

10.88%

8.90%

Enhanced

Capped

9.50%

100%

106%

4.98%

9.50%

19.57%

14.59%

Enhanced High

Capped

12.00%

100%

80%

4.98%

12.00%

21.60%

16.62%

* This account has a 0.65% guaranteed Fixed Bonus Interest Rate.

** While there is no contractual segment cap rate for these accounts, there is a volatility control mechanism built into the Index rules that will

impact the returns on these accounts. As described above, the change in the Barclays Global MA Index in up market conditions will not be as

high as it would be had there not been the volatility control.

These three hypothetical examples show how the combination of an Indexed Performance Charge and an Indexed

Account Multiplier results in a wider range of potential outcomes compared to the Indexed Accounts that do not include

these parameters. These examples do not take into account the other charges that may be deducted and credits that may

be applied to your policy value, or that the Indexed Accounts may be tied to different external indices, which may have

different upside potential. You should request multiple illustrations that assume different Segment Growth Rates to

better understand the policy performance under different scenarios. When the Index Segment Interest Credit for

any Segment of an Indexed Account is less than the annualized Indexed Performance Charge applicable for that

Segment, the effective annual return on the portion of the Policy Value in that Segment will be negative.

Your financial professional can help you understand how these Indexed Accounts will operate under different scenarios,

and which of the Indexed Accounts, or the Fixed Account, might be best given your financial objectives and risk tolerance.

Your financial professional can also help you to understand how the policy might be expected to perform in adverse

scenarios, such as where Indexed Account parameters are changed so that they are closer to their respective guarantees,

and how those changes to the Indexed Account parameters will impact the amount of premium that you will have to pay to

maintain the policy in force.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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Historical Performance of the S&P 500 and the corresponding hypothetical Index Segment Interest Credit for an

Indexed Account that references the S&P 500

The following tables show the actual historical Index Change in the S&P 500 Index and the corresponding hypothetical

Index Segment Interest Credit for each Indexed Account that references the S&P 500 Index over the most recent 20-year

period. These values should not be considered a representation of past or future performance of the Indexed Accounts

available in a policy. The table assumes the current Indexed Account parameters for the applicable Indexed Accounts

shown above.

Historical Performance of an Index

Year*

S&P 500

Index Point-

to-Point

Performance

Select

Capped

Indexed

Account

(8.0% cap)

Capped

Indexed

Account

(8.75% cap)

High

Capped

Indexed

Account

(10.0% cap)

High Par

Capped

Indexed

Account

(7.5% cap)

Enhanced

Capped

Indexed

Account

(9.5% cap)

Enhanced

High

Capped

Indexed

Account

(12.0% cap)

Loaned

Indexed

Account

(8.75% cap)

2001-2002

-20.80%

0.00%

2002-2003

20.76%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

2003-2004

12.03%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

2004-2005

5.76%

6.05%

8.35%

7.49%

10.88%

11.87%

10.37%

8.35%

2005-2006

12.00%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

2006-2007

2.98%

3.13%

4.32%

3.87%

6.91%

6.14%

5.36%

4.32%

2007-2008

-40.07%

0.00%

2008-2009

26.64%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

2009-2010

11.44%

8.40%

12.69%

13.00%

10.88%

19.57%

20.59%

12.69%

2010-2011

-2.40%

0.00%

2011-2012

16.65%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

2012-2013

25.59%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

2013-2014

12.79%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

2014-2015

0.98%

1.03%

1.42%

1.27%

2.27%

2.02%

1.76%

1.42%

2015-2016

11.44%

8.40%

12.69%

13.00%

10.88%

19.57%

20.59%

12.69%

2016-2017

17.70%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

2017-2018

-1.96%

0.00%

2018-2019

21.88%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

2019-2020

15.11%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

2020-2021

27.05%

8.40%

12.69%

13.00%

10.88%

19.57%

21.60%

12.69%

* Source: S&P 500 Index Data from 12/14/2001 to 12/14/2021

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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07/18/2022 12:04:13 PM Page 10 of 48

Historical Performance of an Index

Year*

S&P 500 Index

Point-to-Point

Performance

Base Capped Two Year

Indexed Account

(21.0% cap)

2000 - 2002

-33.67%

0.00%

2001 - 2003

-4.36%

0.00%

2002 - 2004

35.29%

21.00%

2003 - 2005

18.49%

2004 - 2006

18.46%

2005 - 2007

15.34%

2006 - 2008

-38.29%

0.00%

2007 - 2009

-24.10%

0.00%

2008 - 2010

41.13%

21.00%

2009 - 2011

8.77%

2010 - 2012

13.85%

2011 - 2013

46.50%

21.00%

2012 - 2014

41.65%

21.00%

2013 - 2015

13.89%

2014 - 2016

12.53%

2015 - 2017

31.16%

21.00%

2016 - 2018

15.39%

2017 - 2019

19.49%

2018 - 2020

40.29%

21.00%

2019 - 2021

46.24%

21.00%

*S&P 500 Index Data from 12/14/2000 to 12/14/2021

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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07/18/2022 12:04:13 PM Page 11 of 48

Historical Performance of the Barclays Global MA Index and the corresponding hypothetical Index Segment

Interest Credit for an Indexed Account that references the Barclays Global MA Index

The following table shows hypothetical Index Change in the Barclays Global MA Index because the Index was created in

2021. The hypothetical Index Change is based on hypothetical values of the Barclays Global MA Index using the Index’s

rules as applied to the market conditions in prior periods and the values of the underlying components from December

2006 to December 2020. For periods prior to when these components were available, the values are based upon the

hypothetical values using the securities or commodities that would have comprised the underlying components based

upon their respective objectives. The hypothetical Index Change is shown to reflect how the Barclays Global MA Index

values could have changed during these prior periods. The hypothetical values of the Barclays Global MA Index are

prepared with the benefit of hindsight. There can be no assurances that the Barclays Global MA Index values will actually

perform in the same manner as the hypothetical values. There are numerous factors which will impact actual performance,

including general market conditions as well as whether the Index’s rationale is successful or whether the Index can be

constructed according to the Index’s rules. These Index Changes shown in the Table should not be considered a

representation of past or future Index Change for the Barclays Global MA Index or the performance of the Indexed

Accounts available under the policy. The table assumes the current Indexed Account parameters for the applicable

Indexed Accounts.

Historical Performance of an Index

Year*

Barclays Global MA

Index Point-To-Point

Performance

Barclays Global MA

Bonus (No Cap; 0.65%

Fixed Bonus**)

Barclays Global MA

Classic (No Cap)

2006-2007

6.66%

8.32%

2007-2008

-10.68%

0.00%

2008-2009

12.83%

16.03%

2009-2010

12.63%

15.78%

2010-2011

11.93%

14.92%

2011-2012

10.39%

12.99%

2012-2013

15.20%

19.00%

2013-2014

13.97%

17.46%

2014-2015

-2.07%

0.00%

2015-2016

7.77%

9.72%

2016-2017

11.60%

14.49%

2017-2018

-2.30%

0.00%

2018-2019

17.69%

22.12%

2019-2020

8.43%

10.54%

2020-2021

2.60%

3.25%

* Source: Barclays Global MA Index Data from 12/14/2006 to 12/14/2021

** Fixed Bonus is not included in the index return

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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07/18/2022 12:04:13 PM Page 12 of 48

Illustrated Segment Growth Rate

Illustrations of indexed universal life insurance policies are developed starting with an assumed hypothetical rate of return

that you or your financial professional select, subject to a maximum hypothetical rate of return that is determined by

regulation (the "Maximum Segment Growth Rate"). This regulation sets a limit based upon the historical returns of the

Index. The Indexed Account parameters are then applied to this hypothetical rate of return to determine the hypothetical

maximum crediting rate that will be used to illustrate the values related to your policy. These illustrated values will then be

adjusted by any credits added to--and any charges deducted from–your policy value.

The following table shows the 25-year geometric average annual Segment Growth Rate, as well as its minimum and

maximum. Note the Barclays Global MA Index was created in 2021 and does not have data for these 25-year Segment

Growth Rates.

Maximum Segment Growth Rate

Min

Average

Max

Benchmark Indexed Account

3.77%

5.90%

7.33%

Select Capped Indexed Account

(8.0% Cap)

3.42%

5.21%

6.58%

Base Capped Two Year Indexed Account

(21.0% Cap)

4.27%

6.32%

8.12%

Barclays Global MA Bonus Indexed Account

N/A

Barclays Global MA Classic Indexed Account

N/A

Capped Indexed Account

(8.75% Cap)

3.59%

5.58%

7.03%

High Capped Indexed Account

(10.0% Cap)

3.91%

6.22%

7.70%

High Par Capped Indexed Account

(7.5% Cap) and Participation Rate

(160% Current)

3.58%

5.14%

6.53%

Enhanced Capped Indexed Account

(9.5% Cap)

3.74%

5.92%

7.39%

Enhanced High Capped Indexed

Account (12.0% Cap)

4.30%

7.05%

8.84%

Loaned Indexed Account

(8.75% Cap)

3.59%

5.58%

7.03%

It's important to keep in mind that:

• Illustrating the same hypothetical maximum crediting rate each year over the life of the policy may not be not

realistic.

• The policy illustration is a presentation of hypothetical values that are based upon assumptions that you or your

financial professional determine. The illustration is designed to show how the policy is expected to perform under

various conditions, rather than to be a projection of the policy’s actual performance.

You should review your policy’s performance periodically to ensure you are on track to meet your goals. As an example, if

the returns assumed in an illustration are not achieved, this can have a significant effect on the policy value, with the result

that you will have to pay more premiums to maintain the policy in force than you had anticipated.

Accessing Your Policy Value

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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07/18/2022 12:04:13 PM Page 13 of 48

Surrenders

You can surrender your policy for its cash value at any time. We will pay you the Policy Value less a Surrender Charge and

any Policy Debt you may have.

Withdrawals

After your policy has been in force for one year, you can make partial cash withdrawals. Withdrawals reduce the Policy

Value and the Death Benefit, and the amount of the withdrawal may be subject to a Surrender Charge. Withdrawals and

any related Surrender Charge amounts are first deducted from the Fixed Account, and then from Segments in the Indexed

Accounts (excluding the Loaned Indexed Account) on a proportionate basis. If illustrated, withdrawals are assumed to be

taken at the beginning of the month.

A withdrawal from the Indexed Accounts that was not pre-scheduled using the Systematic Withdrawal program will initiate

a one-year Lock Out Period during which no new Segments in an Indexed Account may be created except for those

resulting from a maturing Segment.

Loans

Policy loans may be taken against the Policy Value at any time. The maximum loan amount available is the policy's Cash

Surrender Value at the time of request, less any existing Policy Debt, less Monthly Deductions through the remainder of

the Policy Year, all multiplied by one minus the rate of Loan Interest Charged for a policy loan. Interest is charged on the

outstanding Policy Debt, and 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.

Your policy offers a choice between a Standard Loan, a Fixed Index Loan, or an Index Loan, though only the Standard

Loan option is available during the first Policy Year and only one loan option may be utilized at a time.

The choice of a Standard Loan, Fixed Index Loan or Index Loan can have a significant effect on the net cost

of a loan and your Policy Value. Fixed Index Loans and Index Loans can have the effect of amplifying – both

positively and negatively – the impact that the performance of the Indexed Accounts have on the policy.

Therefore, the risk of policy lapse with a Fixed Index Loan or an Index Loan is greater than it would be with a

Standard Loan.

The cost of a Fixed Index Loan or an Index Loan can vary much more substantially than that of a Standard Loan. The net

cost of a Fixed Index Loan or an Index Loan equals the Loan Interest Charged less the sum of any Index Segment Interest

Credits earned for portions of the loan that are secured by the Indexed Accounts and the Loan Interest Credited to the

Loan Account. For instance, assuming there is no Loan Account, a Fixed Index Loan or Index Loan with a loan charged

rate of 5% and Index Segment Interest Credit(s) of 0% would result in a net loan cost of 5% – much higher than the cost of

a Standard Loan. Conversely, a loan charged rate of 5% and Index Segment Interest Credit(s) of 10% would result in a net

loan gain of 5% to the policy.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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07/18/2022 12:04:13 PM Page 14 of 48

If projected, policy loans are assumed to be taken at the beginning of the month, and the loan interest rate used in this

policy illustration is shown in the Policy Summary. The illustrated values for the guaranteed assumption illustrations reflect

the Standard Loan Interest Charged Annual Rate for the Standard Loan; the Fixed Index Loan Interest Charged Annual

Rate and Index Segment Interest Credits of 0% for the Fixed Index Loan; and the Maximum Loan Interest Charged Annual

Rate of 15% and Index Segment Interest Credits of 0% for the Index Loan. If there is a loan that is collateralized by policy

value in the Indexed Accounts, illustrative values for all non-guaranteed assumption illustrations reflect, for the portion of

the policy value in the Indexed Accounts used as collateral for loans, a credited rate that takes into account any applicable

adjustment for Indexed Account Multipliers but is no greater than the Loan Interest Charged rate plus 0.50% and any other

applicable current charges and current credits. The illustrative values are hypothetical.

Standard Loan Under the Standard Loan option, loan proceeds and any capitalized loan interest are, to the extent

possible, secured by amounts you have in the Fixed Account that are transferred to a Loan Account. Any amount

borrowed in excess of amounts in the Fixed Account is secured by the Indexed Accounts, and as Indexed Account

Segments mature those proceeds will be transferred to the Loan Account.

The net cost of a Standard Loan equals the Loan Interest Charged less the sum of the Loan Interest Credited to the Loan

Account and any Index Segment Interest Credits earned for portions of the loan that may be secured by the Indexed

Accounts. The loan interest rate charged is guaranteed not to exceed 3.25% in years 1-10, and 3.00% thereafter, and the

loan crediting rate is guaranteed not to be less than 1.25% in years 1-10 and 1.00% in years 11+. The difference between

the Loan Interest Charged rate and the Loan Interest Credited rate to the Loan Account is known as the Loan Interest

Credited Differential. The Loan Interest Credited Differential is guaranteed to be no greater than 2.00%.

Fixed Index Loan Under the Fixed Index Loan option, loan proceeds and any capitalized loan interest are, to the

extent possible, secured by amounts you have in the Indexed Accounts that are transferred to the Loaned Indexed

Account. As Segments of the Indexed Accounts mature, Segment Proceeds of the Indexed Accounts are transferred

to the Loaned Indexed Account to the extent that Index Loan Principal is greater than the Loaned Indexed Account.

Any amounts borrowed in excess of the Indexed Accounts are secured by the Fixed Account.

The net cost of a Fixed Index Loan equals the Loan Interest Charged less the sum of any Index Segment Interest Credit

earned for portions of the loan that are secured by the Loaned Indexed Account and the Loan Interest Credited to the

Loan Account. The loan interest rate charged is guaranteed not to exceed the Fixed Index Loan Interest Charged Annual

Rate in all years and the loan crediting rate is guaranteed not to be less than the Segment Floor Rate. If a Fixed Index

Loan is illustrated, the Loan Interest Credited rate to the Loaned Indexed Account will not be any greater than the Loan

Interest Charged rate plus 0.5%.

We may restrict your ability to take an additional Fixed Index Loan if your request for such a loan is made within 12

months of repaying all or a portion of a Fixed Index Loan. If the limitation on Fixed Index Loan is in effect, you may still

take a Standard Loan or an Index Loan by requesting a Loan Option Change.

Index Loan Under the Index Loan option, loan proceeds and any capitalized loan interest are, to the extent

possible, secured by amounts you have in the Indexed Accounts. Amounts from the Indexed Accounts used to

secure a loan remain in Indexed Account Segments, where those Segments may earn a Segment Interest Credit

upon Segment Maturity. Any amount borrowed in excess of the Indexed Accounts is secured by the Fixed Account.

Index Loan interest rates are variable and subject to change annually on the Annual Processing Date.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM Page 15 of 48

The net cost of an Index Loan equals the Loan Interest Charged less the sum of any Index Segment Interest Credit

earned for portions of the loan that are secured by the Indexed Accounts and the Loan Interest Credited to the Loan

Account. The loan interest rate charged is guaranteed not to exceed 15% in all years, and the loan crediting rate is

guaranteed not to be less than the Segment Floor Rate. If an Index Loan is illustrated, the Loan Interest Credited rate to

the Indexed Accounts will not be any greater than the Loan Interest Charged rate plus 0.5%.

Other Policy Features and Benefits

Policy Credit

On each monthly Processing Date, beginning in the Policy Year 21 and continuing for 20 years, we will calculate a Policy

Credit to be applied to the Fixed Account and Indexed Accounts in the same manner as we take monthly deductions from

these accounts. Policy Credits are not applied to amounts in the Loan Account, or the Loaned Indexed Account. The

Policy Credit equals 0.09% times the minimum of the Policy Value or the Policy Credit Limit as defined in your Policy.

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 thereafter. We will continue to credit interest to the Fixed Account, and when applicable,

apply Index Segment Interest Credits to any Index Account Segments at each Segment Maturity Date. No additional

charges, other than those for any outstanding policy loans, will be deducted.

Tax implications with respect to policies that continue beyond age 121 are not clear at the present time. We urge you to

consult with your tax advisor regarding this issue.

Overloan Protection Rider

The Overloan Protection Rider will prevent your policy from lapsing when, on any monthly processing date, the

outstanding indebtedness on the policy equals or exceeds the Policy Value multiplied by a set percentage (varying by

attained age), not to exceed 95%. Exercise of this rider will result in a "paid up" status. This rider may be exercised

anytime after the insured reaches age 75 if the following criteria are met. The policy must have been inforce for at least 15

years and may not be a Modified Endowment Contract. Policy Indebtedness must exceed the Total Face Amount of your

policy but be less than the Policy Value less the one-time charge for exercising the rider. Your policy will also need to have

a Level Death Benefit upon execution of the rider. After deduction of the one-time rider charge, all policy value will be

transferred to the Fixed Account, if necessary at Segment Maturity. 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.

When the Overloan Protection Rider is exercised, the entire Policy Value is immediately transferred to the Fixed Account.

Since the Internal Revenue Service ("IRS") has not ruled on the tax consequences of exercising the Overloan Protection

Rider, it is possible that the IRS could assert that the policy has been effectively terminated and that the outstanding loan

balance should be treated as a distribution. If this were to occur, all or a portion of the outstanding loan balance could be

taxable when the rider is exercised. You should consult your tax advisor regarding these possible tax consequences.

TAXATION OF LIFE INSURANCE

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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Important Notice

The information contained in this illustration is based on certain tax and legal assumptions. We suggest that you seek

professional tax counsel regarding the interpretation of current tax laws and accounting practices as they relate to your

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

employees or registered representatives are in the business of offering such advice. You should consult with your own tax

advisor.

Definition of Life Insurance

Definition of Life Insurance testing has been performed on the assumed scale only and is dependent on the assumptions

in that projection. It may not be applicable to the alternate projections shown.

In order to qualify for the income tax advantages of life insurance, a life insurance policy must satisfy one of two Definition

of Life Insurance tests under Internal Revenue Code (IRC) Section 7702. This illustration uses the Guideline Premium Test

which requires that the sum of premiums paid reduced by non-taxable withdrawals and other non-taxable distributions at

any time does not exceed the Guideline Premium Limit. It also requires that the Death Benefit be increased if the Policy

Value grows too large relative to the Death Benefit. Guideline Premiums Limits are determined at issue and are

recalculated upon policy changes. In some cases, a recalculation of the Guideline Premiums may cause the Guideline

Premium Limit to reduce either immediately or over time. This may require us to force out a portion of your Policy Value.

The additional death benefit (described above) that Is required in order to satisfy the Definition of Life Insurance Is referred

to as Required Additional Death Benefit.

Income Tax Treatment of Distributions from a Life Insurance Policy

Pre-death Distributions

The Cash Surrender Value in a life insurance policy grows on a tax-deferred basis. The Cash Surrender Value growth

(gain) is not taxed unless it is distributed to the policyholder. If properly structured, you can access your Cash Surrender

Value to provide a tax-free income subject to the limitations described below.

A policyholder may access their Cash Surrender Value prior to death by surrendering the policy, by taking a withdrawal or

by taking a loan. Force outs under the Guideline Premium Test and certain rider charges are also treated as distributions

from the policy’s Cash Surrender Value. If the policy is not a Modified Endowment Contract (described below), these pre-

death distributions are generally treated as a return of the policyholder’s investment in the contract (cost basis). Most

distributions reduce the policyholder’s investment in the contract (cost basis) until it has been reduced to $0. Any further

distributions would be considered to be paid from the gain in the policy and are includible in gross income.

Exceptions:

• A loan is not considered to be a distribution from the policy for tax purposes unless the policy lapses or is

surrendered with an outstanding loan or the policy is a MEC. The outstanding loan is included in the Cash

Surrender Value used for determining the gain in the policy, which may result in the loan being taxable upon

surrender or lapse, even if net Cash Surrender Value paid to the policyholder at that time is $0.

• Withdrawals and guideline premium force outs in the first 15 years from heavily funded non-MECs are taxed on a

gain-first basis under the recapture ceiling of IRC Section 7702(f)(7).

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

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Modified Endowment Contract (MEC)

The Technical and Miscellaneous Revenue Act (TAMRA) of 1988 classifies some policies as Modified Endowment

Contracts (MECs). A policy is classified as a MEC if it fails to satisfy the 7-Pay Test of IRC section 7702A. The test is

failed if the sum of premiums paid reduced by non-taxable withdrawals and other non-taxable distributions at any time in

the first 7 years exceeds the sum of the annual 7-Pay premiums (the 7-Pay Limit). The annual 7-Pay Premium is the

premium that would fund the policy under prescribed assumptions in the first 7 years. Certain policy changes will require

adjustments to the 7-Pay Premiums and may require the test to be performed again. Pre-death distributions from a MEC,

and those taken during the two years before a policy has become a MEC, are subject to less favorable (gain-first) income

tax treatment than a non-MEC Life Insurance Contract and may also be subject to a 10% penalty tax. Your policy is in a

gain position when the Policy Value is greater than the investment in the contract (cost basis). Unlike non-MEC tax

treatment, loans from and assignments of a policy are also distributions from a MEC and are subject to gain-first taxation.

We recommend you consult your tax advisor prior to taking any action on your policy that may cause it to become a MEC.

TAMRA testing has been performed on the assumed scale only and is dependent on the assumptions in that projection. It

may not be applicable to the alternate projections shown. The initial annual 7-pay premium for this policy is $28,782.00.

Based on our interpretation of TAMRA, this policy as illustrated would not be considered a Modified Endowment Contract

(MEC). Whether and when your policy might become a MEC depends on the timing and amounts of premium payments,

withdrawals you take, changes in the policy's non-guaranteed elements, your actual use of the policy's options, and any

policy changes you make. For more information please select the TAMRA Optional Report.

Payment or Accelerations of Death Benefits

Subject to certain exceptions described in Employer-owned Life Insurance below, payments of the Death Benefit

(including accelerations of the Death Benefit under a Long-Term Care or Terminal Illness Rider) are intended to be income

tax free, regardless of whether or not your policy is classified as a MEC. With appropriate planning, Death Benefits may

also be received estate tax free.

Employer-owned Life Insurance

If 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

This illustration assumes that the currently illustrated non-guaranteed elements will continue unchanged for all years

shown. This is not likely to occur, and the actual results may be more or less favorable. Non-guaranteed elements are

subject to change by the insurer. Future credits and deductions can vary at the company’s discretion depending upon

factors such as death claims, investment earnings and expenses, as well as policy owner actions such as timing and

amount of premium payments, policy lapse and reinstatement, loans and withdrawals, and contractual charges.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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Important Disclosure

No information provided by John Hancock to you or your financial professional in connection with this sale is intended as

tax, legal or investment advice. This illustration and all other information and materials provided by John Hancock as part

of this sale are not intended to be nor shall they be construed as providing impartial advice or recommendations in

connection with this policy. John Hancock and its representatives will receive compensation derived from such sales or

services.

Accumulation IUL is issued by John Hancock Life Insurance Company (U.S.A.) of Boston, MA 02116. John Hancock Life

Insurance Company (U.S.A.) consistently receives high financial credit ratings from independent rating agencies. For

more information, please visit our website at

www.JohnHancock.com

For more than a century, JH has offered security and high-quality products to its customers. The company's experience

and resources allow it to provide first class financial solutions to customers in every market in which it operates.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

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

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

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Coverage Summary

Initial Initial

Coverage Description Amount Premium

Base Face Amount

Supplemental Face Amount - Specified Schedule

$391,567

$656,970

$25,000.00

From 21 Thru 76

Additional Coverage On Insured

Overloan Protection Rider †

Policy Summary

State Alabama

Death Benefit Option 2 From 1 Thru 19

1 From 20 Thru 76

Definition of Life Insurance GPT

Payment Mode Annual

Distribution Mode Monthly

Charges Current

Loan Type Fixed Index

Loan

Assumed Segment Growth Rate****

Assumed Select Capped Indexed Segment Growth Rate 5.21% From 1 Thru 76

Assumed Base Capped Two Year Indexed Segment Growth Rate 5.90% From 1 Thru 76

Assumed Barclays Global MA Bonus Indexed Segment Growth Rate 5.90% From 1 Thru 76

Assumed Barclays Global MA Classic Indexed Segment Growth Rate 5.90% From 1 Thru 76

Assumed Capped Indexed Segment Growth Rate 5.43% From 1 Thru 76

Assumed High Capped Indexed Segment Growth Rate 6.06% From 1 Thru 76

Assumed High Par Capped Indexed Segment Growth Rate 5.14% From 1 Thru 76

Assumed Enhanced Capped Indexed Segment Growth Rate 5.28% From 1 Thru 76

Assumed Enhanced High Capped Indexed Segment Growth Rate 6.04% From 1 Thru 76

Assumed Fixed Account Rate

(includes non-guaranteed persistency bonus)

3.45%

3.80%

From 1 Thru 10

From 11 Thru 76

Loan Interest Rate

Fixed Index Loan Interest Charged Annual Rate

5.00%

From 1 Thru 76

Owner Tax Bracket 35.00% From 1 Thru 76

Initial 7-Pay Premium $28,782.00

Target Premium $8,908.93

Minimum Initial Premium $369.51

15 Year No-Lapse Guarantee Premium $4,431.89

Initial Guideline Annual Premium $25,000.00

Initial Guideline Single Premium $137,340.00

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Basic Illustration Summary

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

AIUL21RDMAX 391,567 UPY Version: 18.2.0

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LifeTrack Billing

Illustration Serial Number

6F7DC122D

Initial Premium Allocation Table

Select Capped Indexed Account

Base Capped Two Year Indexed Account

Barclays Global MA Bonus Indexed Account

Barclays Global MA Classic Indexed Account

Capped Indexed Account

High Capped Indexed Account

High Par Capped Indexed Account

Enhanced Capped Indexed Account

Enhanced High Capped Indexed Account

Fixed Account

Initial

Premium

Allocation

100%

Non-Guaranteed

Initial Segment Growth Rate

/Fixed Account Rate

5.21%

5.90%

5.43%

6.06%

5.14%

5.28%

6.04%

3.45%

****

Interest Adjusted Indexes on Insured at 5%

Guaranteed

Current

Non-guaranteed Element

10 Year

54.21

50.40

3.81

20 Year

48.86

39.10

9.76

-------Payment-------

10 Year

29.56

7.65

21.91

20 Year

34.36

1.88

32.48

-----------Cost---------

Interest

Adjusted

Indexes

These indexes provide a means for evaluating the comparative cost of the policy under stated assumptions. They

can be useful in comparing similar plans of insurance, a lower index being better than a higher one. These indexes

reflect the time value of money. Indexes are approximate because they involve assumptions, including the rate of

interest used.

† If elected on the Coverage Details form.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Basic Illustration Summary (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

UPY Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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**** Illustrated values for all non-guaranteed assumption illustrations reflect the application of the guaranteed Indexed Account

Multiplier, or Fixed Bonus interest, where applicable, to the Segment Growth Rate and, as a result, such illustrated values will be

greater than if the illustrated values only reflected the Segment Growth Rate.

The guaranteed Indexed Account Multiplier for the Capped Indexed Account, the High Par Capped Indexed Account and the

Loaned Indexed Account is 45%. The guaranteed Indexed Account Multiplier for the High Capped Indexed Account is 30%. The

guaranteed Indexed Account Multiplier for the Enhanced Capped Indexed Account is 106%. The guaranteed Indexed Account

Multiplier for the Enhanced High Capped Indexed Account is 80%. The guaranteed Indexed Account Multiplier for the Select

Capped Indexed Account is 5%. The Base Capped Two Year Indexed Account, Barclays Global MA Bonus Indexed Account and

Barclays Global MA Classic Indexed Account do not have an Indexed Account Multiplier. The Indexed Segment Interest Credit on

the Segment Maturity Date is equal to the Adjusted Segment Crediting Balance, multiplied by (1 + the guaranteed Indexed

Account Multiplier, where applicable) multiplied by the Segment Growth Rate. Illustrated values include any Indexed Segment

Interest Credit.

The guaranteed Fixed Bonus annual rate for the Barclays Global MA Bonus Indexed Account is 0.65%. No other indexed

accounts offer a Fixed Bonus. This rate is applied to Segment Balances in the Barclays Global MA Indexed Account no less

frequently than annually.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Basic Illustration Summary (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

UPY Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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GUARANTEED ASSUMPTIONS

These policy benefits and values are GUARANTEED NON-GUARANTEED ASSUMPTIONS

based on the guaranteed interest of SUMMARY YEARS ASSUMPTIONS Midpoint Scale Assumed Scale

0.00% and guaranteed charges. Based

on your Planned Premium Outlay, the Years Premium Paid in Cash 20 20 20

policy would remain in force until Income Cease Year 23 40

policy year 23, month 9*.

NON-GUARANTEED ASSUMPTIONS Summary Year 5

These policy benefits and values are Net Surrender Value 77,690 80,168 113,881

based on non-guaranteed elements that Net Death Benefit 478,408 480,886 514,599

are subject to change by the insurer.

Actual results may be more or less Summary Year 10

favorable. Net Surrender Value 150,129 154,976 280,059

ASSUMED SCALE: Net Death Benefit 548,119 552,966 678,049

Policy benefits and values are based on

the initial assumed Segment Growth Rate Summary Year 20

5.90% and current charges. Based on Net Surrender Value 257,700 272,458 826,390

Planned Premium Outlay, the policy Net Death Benefit 642,137 656,545 1,148,341

would remain in force until age 121*.

Summary Age 70

MIDPOINT SCALE: Net Surrender Value 0 207,261 721,055

Assumes the midpoint interest rate Net Death Benefit 0 1,048,537 890,726

and charges which are halfway between

assumed and guaranteed. Based on

your Planned Premium Outlay, the

policy would remain in force until

policy year 39, month 1*.

Premiums are assumed to be paid at

the beginning of each modal period.

Policy values, including surrender

values and death benefits, are

illustrated as of the end of the year,

unless otherwise noted.

Income Cease Year indicates the first

policy year in which loans and/or

withdrawals no longer occur.

* See Policy Continuation at Age 121

on "Valuable Information" page.

Representative's Address:

Mr Agent

111

222

Ppp, PA 11111

222-333-4444

We recommend that you review additional illustrations using various assumed, hypothetical Rates of Return

to understand how changes in the Index performance may affect the Policy Value and premium payment

schedule.

I have received a copy of this illustration and understand that any non-guaranteed elements illustrated are

subject to change and could be either higher or lower. The representative has told me they are not

guaranteed.

Applicant: ________________________________________________ Date: ___________________

(Signature) (mm/dd/yyyy)

I certify that this illustration has been presented to the applicant and that I have explained that any non-

guaranteed elements illustrated are subject to change. I have made no statements that are inconsistent with

the illustration.

Representative: ___________________________________________ Date: ___________________

(Signature) (mm/dd/yyyy) <own1si>

<asi>

<adt>

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Numeric Summary

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

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//OWNER_sig*//

//FC_vis*//

//QA_vis*//

//OWNER_date*//

//CC_sig*// //CC_Date*//

//OWNER2_sig*//

//OWNER3_sig*//

//OWNER4_sig*//

//OWNER5_sig*//

//OWNER6_sig*//

1 46 25,000 0 0 25,000 18,344 7,553 410,313

2 47 25,000 0 0 25,000 35,561 25,735 428,267

3 48 25,000 0 0 25,000 51,712 43,153 445,457

4 49 25,000 0 0 25,000 67,237 61,165 462,300

5 50 25,000 0 0 25,000 81,773 77,690 478,408

6 51 25,000 0 0 25,000 95,349 93,617 493,783

7 52 25,000 0 0 25,000 107,997 108,731 508,432

8 53 25,000 0 0 25,000 119,750 123,120 522,365

9 54 25,000 0 0 25,000 130,641 137,116 535,591

10 55 25,000 0 0 25,000 140,699 150,129 548,119

Totals: 250,000 0 0 250,000

11 56 25,000 0 0 25,000 149,947 162,417 559,951

12 57 25,000 0 0 25,000 158,407 179,031 571,092

13 58 25,000 0 0 25,000 168,067 191,965 583,532

14 59 25,000 0 0 25,000 176,883 203,657 595,224

15 60 25,000 0 0 25,000 184,862 214,591 606,158

16 61 25,000 0 0 25,000 192,021 224,764 616,331

17 62 25,000 0 0 25,000 198,359 234,158 625,725

18 63 25,000 0 0 25,000 203,886 242,765 634,332

19 64 25,000 0 0 25,000 208,602 250,570 642,137

20 65 25,000 0 0 25,000 212,240 257,700 642,137

Totals: 500,000 0 0 500,000

Policy

Year

EOY

Age

Planned

Premium

Annual

Loan

Amount

Annual

Loan

Interest

Net

Outlay

Policy

Value

Net

Surrender

Value

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Illustration Based on Guaranteed Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Guaranteed Charges and a Guaranteed Rate of 0.00%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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* This illustration assumes an Index Loan or Fixed Index Loan option, which presents significantly more risk than a Standard Loan, including

the risk that your policy could lapse. You should request additional illustrations showing the effects of different crediting rates and loan

interest charged rates under the Index Loan, Fixed Index Loan, and the Standard Loan option.

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

Page 24 of 48

21 66 0 72,272 0 -72,272 192,839 167,171 974,322

22 67 0 74,215 1,943 -72,272 173,248 72,354 896,397

23 68 ## ## ## ## ## ## ##

Totals: 500,000 146,487 1,943 355,456

Policy

Year

EOY

Age

Planned

Premium

Annual

Loan

Amount

Annual

Loan

Interest

Net

Outlay

Policy

Value

Net

Surrender

Value

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Illustration Based on Guaranteed Assumptions (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Guaranteed Charges and a Guaranteed Rate of 0.00%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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* This illustration assumes an Index Loan or Fixed Index Loan option, which presents significantly more risk than a Standard Loan, including

the risk that your policy could lapse. You should request additional illustrations showing the effects of different crediting rates and loan

interest charged rates under the Index Loan, Fixed Index Loan, and the Standard Loan option.

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

Page 25 of 48

1 46 25,000 0 0 25,000 21,757 10,564 413,324

2 47 25,000 0 0 25,000 44,894 33,929 436,461

3 48 25,000 0 0 25,000 69,281 58,544 460,848

4 49 25,000 0 0 25,000 95,424 85,856 486,991

5 50 25,000 0 0 25,000 123,032 113,881 514,599

6 51 25,000 0 0 25,000 152,199 143,600 543,766

7 52 25,000 0 0 25,000 183,022 174,889 574,589

8 53 25,000 0 0 25,000 215,602 207,925 607,169

9 54 25,000 0 0 25,000 250,050 243,142 641,617

10 55 25,000 0 0 25,000 286,482 280,059 678,049

Totals: 250,000 0 0 250,000

11 56 25,000 0 0 25,000 326,089 320,122 717,656

12 57 25,000 0 0 25,000 368,002 367,508 759,569

13 58 25,000 0 0 25,000 414,438 414,438 806,005

14 59 25,000 0 0 25,000 463,613 463,613 855,180

15 60 25,000 0 0 25,000 515,695 515,695 907,262

16 61 25,000 0 0 25,000 570,848 570,848 962,415

17 62 25,000 0 0 25,000 629,271 629,271 1,020,838

18 63 25,000 0 0 25,000 691,173 691,173 1,082,740

19 64 25,000 0 0 25,000 756,774 756,774 1,148,341

20 65 25,000 0 0 25,000 826,390 826,390 1,148,341

Totals: 500,000 0 0 500,000

Policy

Year

EOY

Age

Planned

Premium

Annual

Loan

Amount

Annual

Loan

Interest

Net

Outlay

Policy

Value

Net

Surrender

Value

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Illustration Based on Nonguaranteed Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM

* This illustration assumes an Index Loan or Fixed Index Loan option, which presents significantly more risk than a Standard Loan, including

the risk that your policy could lapse. You should request additional illustrations showing the effects of different crediting rates and loan

interest charged rates under the Index Loan, Fixed Index Loan, and the Standard Loan option.

** If there is a loan that is collateralized by policy value in the Indexed Accounts, illustrative values for all non-guaranteed assumption

illustrations reflect, for the portion of the policy value in the Indexed Accounts used as collateral for loans, a segment growth rate that is no

greater than the Loan Interest Charged rate plus 0.5%, in addition to any other applicable current charges and current credits. The illustrative

values are hypothetical. The annualized Indexed Performance Charge for the Indexed Account is deducted from your policy value as described

in your contract.

Page 26 of 48

21 66 0 72,272 0 -72,272 881,118 806,903 974,322

22 67 0 74,215 1,943 -72,272 939,373 787,232 956,320

23 68 0 77,926 5,654 -72,272 1,000,377 766,415 936,479

24 69 0 81,822 9,550 -72,272 1,064,255 744,380 914,661

25 70 0 85,913 13,641 -72,272 1,131,139 721,055 890,726

26 71 0 90,209 17,937 -72,272 1,201,166 696,363 852,515

27 72 0 94,719 22,447 -72,272 1,274,766 670,508 810,733

28 73 0 99,455 27,183 -72,272 1,352,178 643,493 765,189

29 74 0 104,428 32,156 -72,272 1,433,676 615,342 715,699

30 75 0 109,649 37,377 -72,272 1,519,573 586,107 662,085

Totals: 500,000 890,606 167,886 -222,720

31 76 0 115,132 42,860 -72,272 1,610,239 555,885 636,397

32 77 0 120,888 48,616 -72,272 1,705,140 523,853 609,110

33 78 0 126,932 54,660 -72,272 1,804,434 489,868 580,090

34 79 0 133,279 61,007 -72,272 1,908,282 453,773 549,187

35 80 0 139,943 67,671 -72,272 2,016,838 415,389 516,231

36 81 0 146,940 74,668 -72,272 2,130,250 374,513 481,026

37 82 0 154,287 82,015 -72,272 2,248,631 330,893 443,324

38 83 0 162,002 89,730 -72,272 2,372,100 284,261 402,866

39 84 0 170,102 97,830 -72,272 2,500,755 234,308 359,346

40 85 0 178,607 106,335 -72,272 2,634,662 180,678 312,411

Totals: 500,000 2,338,718 893,278 -945,440

Policy

Year

EOY

Age

Planned

Premium

Annual

Loan

Amount

Annual

Loan

Interest

Net

Outlay

Policy

Value

Net

Surrender

Value

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Illustration Based on Nonguaranteed Assumptions (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM

* This illustration assumes an Index Loan or Fixed Index Loan option, which presents significantly more risk than a Standard Loan, including

the risk that your policy could lapse. You should request additional illustrations showing the effects of different crediting rates and loan

interest charged rates under the Index Loan, Fixed Index Loan, and the Standard Loan option.

** If there is a loan that is collateralized by policy value in the Indexed Accounts, illustrative values for all non-guaranteed assumption

illustrations reflect, for the portion of the policy value in the Indexed Accounts used as collateral for loans, a segment growth rate that is no

greater than the Loan Interest Charged rate plus 0.5%, in addition to any other applicable current charges and current credits. The illustrative

values are hypothetical. The annualized Indexed Performance Charge for the Indexed Account is deducted from your policy value as described

in your contract.

Page 27 of 48

41 86 0 115,265 115,265 0 2,770,667 193,985 332,518

42 87 0 122,699 122,699 0 2,912,488 206,971 352,596

43 88 0 128,834 128,834 0 3,060,233 219,440 372,451

44 89 0 135,276 135,276 0 3,213,855 231,023 391,716

45 90 0 142,040 142,040 0 3,373,268 241,294 409,957

46 91 0 149,142 149,142 0 3,538,343 249,770 391,304

47 92 0 156,599 156,599 0 3,713,393 260,391 371,793

48 93 0 164,429 164,429 0 3,900,118 274,467 352,469

49 94 0 172,650 172,650 0 4,100,591 293,657 334,663

50 95 0 181,283 181,283 0 4,317,265 319,984 319,984

Totals: 500,000 3,806,933 2,361,493 -945,440

51 96 0 190,347 190,347 0 4,552,912 355,767 355,767

52 97 0 199,864 199,864 0 4,801,650 394,648 394,648

53 98 0 209,857 209,857 0 5,064,219 436,867 436,867

54 99 0 220,350 220,350 0 5,341,402 482,682 482,682

55 100 0 231,368 231,368 0 5,634,026 532,370 532,370

56 101 0 242,936 242,936 0 5,942,968 586,229 586,229

57 102 0 255,083 255,083 0 6,269,153 644,577 644,577

58 103 0 267,837 267,837 0 6,613,562 707,757 707,757

59 104 0 281,229 281,229 0 6,977,231 776,136 776,136

60 105 0 295,290 295,290 0 7,361,256 850,107 850,107

Totals: 500,000 6,201,094 4,755,654 -945,440

Policy

Year

EOY

Age

Planned

Premium

Annual

Loan

Amount

Annual

Loan

Interest

Net

Outlay

Policy

Value

Net

Surrender

Value

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Illustration Based on Nonguaranteed Assumptions (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM

* This illustration assumes an Index Loan or Fixed Index Loan option, which presents significantly more risk than a Standard Loan, including

the risk that your policy could lapse. You should request additional illustrations showing the effects of different crediting rates and loan

interest charged rates under the Index Loan, Fixed Index Loan, and the Standard Loan option.

** If there is a loan that is collateralized by policy value in the Indexed Accounts, illustrative values for all non-guaranteed assumption

illustrations reflect, for the portion of the policy value in the Indexed Accounts used as collateral for loans, a segment growth rate that is no

greater than the Loan Interest Charged rate plus 0.5%, in addition to any other applicable current charges and current credits. The illustrative

values are hypothetical. The annualized Indexed Performance Charge for the Indexed Account is deducted from your policy value as described

in your contract.

Page 28 of 48

61 106 0 310,055 310,055 0 7,766,799 930,092 930,092

62 107 0 325,557 325,557 0 8,195,086 1,016,543 1,016,543

63 108 0 341,835 341,835 0 8,647,416 1,109,947 1,109,947

64 109 0 358,927 358,927 0 9,125,164 1,210,821 1,210,821

65 110 0 376,873 376,873 0 9,629,784 1,319,724 1,319,724

66 111 0 395,717 395,717 0 10,162,815 1,437,252 1,437,252

67 112 0 415,503 415,503 0 10,725,885 1,564,044 1,564,044

68 113 0 436,278 436,278 0 11,320,720 1,700,787 1,700,787

69 114 0 458,092 458,092 0 11,949,143 1,848,213 1,848,213

70 115 0 480,997 480,997 0 12,613,086 2,007,110 2,007,110

Totals: 500,000 10,100,929 8,655,489 -945,440

71 116 0 505,047 505,047 0 13,314,593 2,178,318 2,178,318

72 117 0 530,299 530,299 0 14,055,829 2,362,740 2,362,740

73 118 0 556,814 556,814 0 14,839,085 2,561,341 2,561,341

74 119 0 584,654 584,654 0 15,666,786 2,775,156 2,775,156

75 120 0 613,887 613,887 0 16,541,501 3,005,289 3,005,289

76 121 0 644,582 644,582 0 17,465,950 3,252,927 3,252,927

77 122 0 676,811 676,811 0 18,732,700 3,809,026 3,809,026

78 123 0 710,651 710,651 0 19,639,788 3,969,930 3,969,930

79 124 0 746,184 746,184 0 20,425,706 3,972,356 3,972,356

80 125 0 783,493 783,493 0 21,166,282 3,890,264 3,890,264

Totals: 500,000 16,453,350 15,007,910 -945,440

Policy

Year

EOY

Age

Planned

Premium

Annual

Loan

Amount

Annual

Loan

Interest

Net

Outlay

Policy

Value

Net

Surrender

Value

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Illustration Based on Nonguaranteed Assumptions (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM

* This illustration assumes an Index Loan or Fixed Index Loan option, which presents significantly more risk than a Standard Loan, including

the risk that your policy could lapse. You should request additional illustrations showing the effects of different crediting rates and loan

interest charged rates under the Index Loan, Fixed Index Loan, and the Standard Loan option.

** If there is a loan that is collateralized by policy value in the Indexed Accounts, illustrative values for all non-guaranteed assumption

illustrations reflect, for the portion of the policy value in the Indexed Accounts used as collateral for loans, a segment growth rate that is no

greater than the Loan Interest Charged rate plus 0.5%, in addition to any other applicable current charges and current credits. The illustrative

values are hypothetical. The annualized Indexed Performance Charge for the Indexed Account is deducted from your policy value as described

in your contract.

Page 29 of 48

1 46 25,000 0 0 25,000 21,221 10,028 412,788

2 47 25,000 0 0 25,000 43,264 32,298 434,831

3 48 25,000 0 0 25,000 65,948 55,211 457,515

4 49 25,000 0 0 25,000 89,719 80,151 481,286

5 50 25,000 0 0 25,000 114,220 105,069 505,787

6 51 25,000 0 0 25,000 139,480 130,881 531,047

7 52 25,000 0 0 25,000 165,523 157,389 557,090

8 53 25,000 0 0 25,000 192,375 184,697 583,942

9 54 25,000 0 0 25,000 220,064 213,156 611,631

10 55 25,000 0 0 25,000 248,620 242,197 640,187

Totals: 250,000 0 0 250,000

11 56 25,000 0 0 25,000 279,114 273,147 670,681

12 57 25,000 0 0 25,000 310,573 310,079 702,140

13 58 25,000 0 0 25,000 345,080 345,080 736,647

14 59 25,000 0 0 25,000 380,702 380,702 772,269

15 60 25,000 0 0 25,000 417,475 417,475 809,042

16 61 25,000 0 0 25,000 455,417 455,417 846,984

17 62 25,000 0 0 25,000 494,578 494,578 886,145

18 63 25,000 0 0 25,000 535,001 535,001 926,568

19 64 25,000 0 0 25,000 576,728 576,728 968,295

20 65 21,559 0 0 21,559 616,404 616,404 968,295

Totals: 496,559 0 0 496,559

21 66 0 72,272 0 -72,272 639,435 565,220 974,322

22 67 0 74,215 1,943 -72,272 662,854 510,714 896,397

23 68 0 77,926 5,654 -72,272 686,587 452,625 814,575

24 69 0 81,822 9,550 -72,272 710,809 390,934 728,662

25 70 0 85,913 13,641 -72,272 735,519 325,436 638,453

26 71 0 90,209 17,937 -72,272 760,717 255,914 543,734

27 72 0 94,719 22,447 -72,272 786,455 182,198 444,279

28 73 0 99,455 27,183 -72,272 812,746 104,061 339,852

29 74 ## ## ## ## ## ## ##

Totals: 496,559 676,529 98,353 -81,617

Policy

Year

EOY

Age

Planned

Premium

Annual

Loan

Amount

Annual

Loan

Interest

Net

Outlay

Policy

Value

Net

Surrender

Value

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Illustration Based on Alternate Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Rate of 3.45%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM

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

Page 30 of 48

1 46 25,000 391,567 0 0 21,757 413,324 0 0 413,324

2 47 25,000 391,567 0 0 44,894 436,461 0 0 436,461

3 48 25,000 391,567 0 0 69,281 460,848 0 0 460,848

4 49 25,000 391,567 0 0 95,424 486,991 0 0 486,991

5 50 25,000 391,567 0 0 123,032 514,599 0 0 514,599

6 51 25,000 391,567 0 0 152,199 543,766 0 0 543,766

7 52 25,000 391,567 0 0 183,022 574,589 0 0 574,589

8 53 25,000 391,567 0 0 215,602 607,169 0 0 607,169

9 54 25,000 391,567 0 0 250,050 641,617 0 0 641,617

10 55 25,000 391,567 0 0 286,482 678,049 0 0 678,049

Totals: 250,000 0 0

11 56 25,000 391,567 0 0 326,089 717,656 0 0 717,656

12 57 25,000 391,567 0 0 368,002 759,569 0 0 759,569

13 58 25,000 391,567 0 0 414,438 806,005 0 0 806,005

14 59 25,000 391,567 0 0 463,613 855,180 0 0 855,180

15 60 25,000 391,567 0 0 515,695 907,262 0 0 907,262

16 61 25,000 391,567 0 0 570,848 962,415 0 0 962,415

17 62 25,000 391,567 0 0 629,271 1,020,838 0 0 1,020,838

18 63 25,000 391,567 0 0 691,173 1,082,740 0 0 1,082,740

19 64 25,000 391,567 0 0 756,774 1,148,341 0 0 1,148,341

20 65 25,000 391,567 756,774 0 826,390 1,148,341 0 0 1,148,341

Totals: 500,000 0 0

Policy

Year

EOY

Age

Planned

Premium

Base

Face

Amount

Supplemental

Face

Amount

Required

Additional

Death

Benefit

Policy

Value

Total

Death

Benefit

Annual

Loan

Amount

Annual

Loan

Interest

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Death Benefit Illustration

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM

* This illustration assumes an Index Loan or Fixed Index Loan option, which presents significantly more risk than a Standard Loan, including

the risk that your policy could lapse. You should request additional illustrations showing the effects of different crediting rates and loan

interest charged rates under the Index Loan, Fixed Index Loan, and the Standard Loan option.

** If there is a loan that is collateralized by policy value in the Indexed Accounts, illustrative values for all non-guaranteed assumption

illustrations reflect, for the portion of the policy value in the Indexed Accounts used as collateral for loans, a segment growth rate that is no

greater than the Loan Interest Charged rate plus 0.5%, in addition to any other applicable current charges and current credits. The illustrative

values are hypothetical. The annualized Indexed Performance Charge for the Indexed Account is deducted from your policy value as described

in your contract.

Page 31 of 48

21 66 0 391,567 656,970 0 881,118 1,048,537 72,272 0 974,322

22 67 0 391,567 656,970 59,923 939,373 1,108,460 74,215 1,943 956,320

23 68 0 391,567 656,970 121,904 1,000,377 1,170,441 77,926 5,654 936,479

24 69 0 391,567 656,970 185,999 1,064,255 1,234,536 81,822 9,550 914,661

25 70 0 391,567 656,970 252,273 1,131,139 1,300,810 85,913 13,641 890,726

26 71 0 391,567 656,970 308,781 1,201,166 1,357,318 90,209 17,937 852,515

27 72 0 391,567 656,970 366,453 1,274,766 1,414,990 94,719 22,447 810,733

28 73 0 391,567 656,970 425,338 1,352,178 1,473,875 99,455 27,183 765,189

29 74 0 391,567 656,970 485,497 1,433,676 1,534,034 104,428 32,156 715,699

30 75 0 391,567 656,970 547,014 1,519,573 1,595,551 109,649 37,377 662,085

Totals: 500,000 890,606 167,886

31 76 0 391,567 656,970 642,214 1,610,239 1,690,751 115,132 42,860 636,397

32 77 0 391,567 656,970 741,860 1,705,140 1,790,397 120,888 48,616 609,110

33 78 0 391,567 656,970 846,119 1,804,434 1,894,656 126,932 54,660 580,090

34 79 0 391,567 656,970 955,159 1,908,282 2,003,696 133,279 61,007 549,187

35 80 0 391,567 656,970 1,069,143 2,016,838 2,117,680 139,943 67,671 516,231

36 81 0 391,567 656,970 1,188,225 2,130,250 2,236,762 146,940 74,668 481,026

37 82 0 391,567 656,970 1,312,526 2,248,631 2,361,063 154,287 82,015 443,324

38 83 0 391,567 656,970 1,442,169 2,372,100 2,490,706 162,002 89,730 402,866

39 84 0 391,567 656,970 1,577,255 2,500,755 2,625,792 170,102 97,830 359,346

40 85 0 391,567 656,970 1,717,858 2,634,662 2,766,395 178,607 106,335 312,411

Totals: 500,000 2,338,718 893,278

Policy

Year

EOY

Age

Planned

Premium

Base

Face

Amount

Supplemental

Face

Amount

Required

Additional

Death

Benefit

Policy

Value

Total

Death

Benefit

Annual

Loan

Amount

Annual

Loan

Interest

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Death Benefit Illustration (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM

* This illustration assumes an Index Loan or Fixed Index Loan option, which presents significantly more risk than a Standard Loan, including

the risk that your policy could lapse. You should request additional illustrations showing the effects of different crediting rates and loan

interest charged rates under the Index Loan, Fixed Index Loan, and the Standard Loan option.

** If there is a loan that is collateralized by policy value in the Indexed Accounts, illustrative values for all non-guaranteed assumption

illustrations reflect, for the portion of the policy value in the Indexed Accounts used as collateral for loans, a segment growth rate that is no

greater than the Loan Interest Charged rate plus 0.5%, in addition to any other applicable current charges and current credits. The illustrative

values are hypothetical. The annualized Indexed Performance Charge for the Indexed Account is deducted from your policy value as described

in your contract.

Page 32 of 48

41 86 0 391,567 656,970 1,860,664 2,770,667 2,909,201 115,265 115,265 332,518

42 87 0 391,567 656,970 2,009,576 2,912,488 3,058,113 122,699 122,699 352,596

43 88 0 391,567 656,970 2,164,707 3,060,233 3,213,244 128,834 128,834 372,451

44 89 0 391,567 656,970 2,326,011 3,213,855 3,374,548 135,276 135,276 391,716

45 90 0 391,567 656,970 2,493,394 3,373,268 3,541,931 142,040 142,040 409,957

46 91 0 391,567 656,970 2,631,340 3,538,343 3,679,877 149,142 149,142 391,304

47 92 0 391,567 656,970 2,776,257 3,713,393 3,824,794 156,599 156,599 371,793

48 93 0 391,567 656,970 2,929,584 3,900,118 3,978,121 164,429 164,429 352,469

49 94 0 391,567 656,970 3,093,060 4,100,591 4,141,597 172,650 172,650 334,663

50 95 0 391,567 656,970 3,268,728 4,317,265 4,317,265 181,283 181,283 319,984

Totals: 500,000 3,806,933 2,361,493

51 96 0 391,567 656,970 3,504,375 4,552,912 4,552,912 190,347 190,347 355,767

52 97 0 391,567 656,970 3,753,113 4,801,650 4,801,650 199,864 199,864 394,648

53 98 0 391,567 656,970 4,015,682 5,064,219 5,064,219 209,857 209,857 436,867

54 99 0 391,567 656,970 4,292,865 5,341,402 5,341,402 220,350 220,350 482,682

55 100 0 391,567 656,970 4,585,489 5,634,026 5,634,026 231,368 231,368 532,370

56 101 0 391,567 656,970 4,894,431 5,942,968 5,942,968 242,936 242,936 586,229

57 102 0 391,567 656,970 5,220,616 6,269,153 6,269,153 255,083 255,083 644,577

58 103 0 391,567 656,970 5,565,025 6,613,562 6,613,562 267,837 267,837 707,757

59 104 0 391,567 656,970 5,928,694 6,977,231 6,977,231 281,229 281,229 776,136

60 105 0 391,567 656,970 6,312,719 7,361,256 7,361,256 295,290 295,290 850,107

Totals: 500,000 6,201,094 4,755,654

Policy

Year

EOY

Age

Planned

Premium

Base

Face

Amount

Supplemental

Face

Amount

Required

Additional

Death

Benefit

Policy

Value

Total

Death

Benefit

Annual

Loan

Amount

Annual

Loan

Interest

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Death Benefit Illustration (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM

* This illustration assumes an Index Loan or Fixed Index Loan option, which presents significantly more risk than a Standard Loan, including

the risk that your policy could lapse. You should request additional illustrations showing the effects of different crediting rates and loan

interest charged rates under the Index Loan, Fixed Index Loan, and the Standard Loan option.

** If there is a loan that is collateralized by policy value in the Indexed Accounts, illustrative values for all non-guaranteed assumption

illustrations reflect, for the portion of the policy value in the Indexed Accounts used as collateral for loans, a segment growth rate that is no

greater than the Loan Interest Charged rate plus 0.5%, in addition to any other applicable current charges and current credits. The illustrative

values are hypothetical. The annualized Indexed Performance Charge for the Indexed Account is deducted from your policy value as described

in your contract.

Page 33 of 48

61 106 0 391,567 656,970 6,718,262 7,766,799 7,766,799 310,055 310,055 930,092

62 107 0 391,567 656,970 7,146,549 8,195,086 8,195,086 325,557 325,557 1,016,543

63 108 0 391,567 656,970 7,598,879 8,647,416 8,647,416 341,835 341,835 1,109,947

64 109 0 391,567 656,970 8,076,627 9,125,164 9,125,164 358,927 358,927 1,210,821

65 110 0 391,567 656,970 8,581,247 9,629,784 9,629,784 376,873 376,873 1,319,724

66 111 0 391,567 656,970 9,114,278 10,162,815 10,162,815 395,717 395,717 1,437,252

67 112 0 391,567 656,970 9,677,348 10,725,885 10,725,885 415,503 415,503 1,564,044

68 113 0 391,567 656,970 10,272,183 11,320,720 11,320,720 436,278 436,278 1,700,787

69 114 0 391,567 656,970 10,900,606 11,949,143 11,949,143 458,092 458,092 1,848,213

70 115 0 391,567 656,970 11,564,549 12,613,086 12,613,086 480,997 480,997 2,007,110

Totals: 500,000 10,100,929 8,655,489

71 116 0 391,567 656,970 12,266,056 13,314,593 13,314,593 505,047 505,047 2,178,318

72 117 0 391,567 656,970 13,007,292 14,055,829 14,055,829 530,299 530,299 2,362,740

73 118 0 391,567 656,970 13,790,548 14,839,085 14,839,085 556,814 556,814 2,561,341

74 119 0 391,567 656,970 14,618,249 15,666,786 15,666,786 584,654 584,654 2,775,156

75 120 0 391,567 656,970 15,492,964 16,541,501 16,541,501 613,887 613,887 3,005,289

76 121 0 391,567 656,970 16,417,413 17,465,950 17,465,950 644,582 644,582 3,252,927

77 122 0 0 0 0 18,732,700 0 676,811 676,811 3,809,026

78 123 0 0 0 0 19,639,788 0 710,651 710,651 3,969,930

79 124 0 0 0 0 20,425,706 0 746,184 746,184 3,972,356

80 125 0 0 0 0 21,166,282 0 783,493 783,493 3,890,264

Totals: 500,000 16,453,350 15,007,910

Policy

Year

EOY

Age

Planned

Premium

Base

Face

Amount

Supplemental

Face

Amount

Required

Additional

Death

Benefit

Policy

Value

Total

Death

Benefit

Annual

Loan

Amount

Annual

Loan

Interest

Net

Death

Benefit

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Death Benefit Illustration (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM

* This illustration assumes an Index Loan or Fixed Index Loan option, which presents significantly more risk than a Standard Loan, including

the risk that your policy could lapse. You should request additional illustrations showing the effects of different crediting rates and loan

interest charged rates under the Index Loan, Fixed Index Loan, and the Standard Loan option.

** If there is a loan that is collateralized by policy value in the Indexed Accounts, illustrative values for all non-guaranteed assumption

illustrations reflect, for the portion of the policy value in the Indexed Accounts used as collateral for loans, a segment growth rate that is no

greater than the Loan Interest Charged rate plus 0.5%, in addition to any other applicable current charges and current credits. The illustrative

values are hypothetical. The annualized Indexed Performance Charge for the Indexed Account is deducted from your policy value as described

in your contract.

Page 34 of 48

1 25,000 1,750 2,867 59 1,432 21,757 11,193 10,564

2 25,000 1,500 3,077 150 2,864 44,894 10,965 33,929

3 25,000 1,500 3,288 196 4,372 69,281 10,737 58,544

4 25,000 1,500 3,097 235 5,974 95,424 9,568 85,856

5 25,000 1,500 3,308 263 7,679 123,032 9,151 113,881

6 25,000 1,500 3,519 294 9,480 152,199 8,599 143,600

7 25,000 1,500 3,729 330 11,383 183,022 8,134 174,889

8 25,000 1,500 3,940 373 13,394 215,602 7,678 207,925

9 25,000 1,500 4,151 421 15,520 250,050 6,908 243,142

10 25,000 1,500 4,362 473 17,768 286,482 6,423 280,059

Totals: 250,000 15,250 35,338 2,795 89,865

11 25,000 500 4,573 531 20,211 326,089 5,967 320,122

12 25,000 500 4,784 600 22,797 368,002 494 367,508

13 25,000 500 2,982 678 25,596 414,438 0 414,438

14 25,000 500 3,193 760 28,628 463,613 0 463,613

15 25,000 500 3,404 854 31,840 515,695 0 515,695

16 25,000 500 3,615 974 35,241 570,848 0 570,848

17 25,000 500 3,825 1,094 38,843 629,271 0 629,271

18 25,000 500 4,036 1,220 42,659 691,173 0 691,173

19 25,000 500 4,247 1,355 46,703 756,774 0 756,774

20 25,000 500 4,458 1,417 50,992 826,390 0 826,390

Totals: 500,000 20,250 74,455 12,278 433,373

Policy

Year

Planned

Premium

Charge

Issue/

Admin

Charge

Insurance

Charges

Interest

Credited

Policy

Value

Surrender

Charge

Net

Surrender

Value

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Annual Account Summary

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM Page 35 of 48

21 0 0 349 978 56,055 881,118 0 806,903

22 0 0 1,706 858 60,819 939,373 0 787,232

23 0 0 3,243 989 65,237 1,000,377 0 766,415

24 0 0 4,857 1,138 69,873 1,064,255 0 744,380

25 0 0 6,551 1,303 74,737 1,131,139 0 721,055

26 0 0 8,330 1,485 79,842 1,201,166 0 696,363

27 0 0 10,198 1,538 85,336 1,274,766 0 670,508

28 0 0 12,159 1,557 91,129 1,352,178 0 643,493

29 0 0 14,219 1,524 97,241 1,433,676 0 615,342

30 0 0 16,381 1,419 103,696 1,519,573 0 586,107

Totals: 500,000 20,250 152,449 25,066 1,217,338

31 0 0 18,652 1,202 110,520 1,610,239 0 555,885

32 0 0 21,036 1,432 117,368 1,705,140 0 523,853

33 0 0 23,539 1,704 124,538 1,804,434 0 489,868

34 0 0 26,168 2,027 132,043 1,908,282 0 453,773

35 0 0 28,928 2,411 139,894 2,016,838 0 415,389

36 0 0 31,826 2,868 148,105 2,130,250 0 374,513

37 0 0 34,868 3,437 156,687 2,248,631 0 330,893

38 0 0 38,063 4,117 165,650 2,372,100 0 284,261

39 0 0 41,418 4,931 175,003 2,500,755 0 234,308

40 0 0 44,940 5,910 184,757 2,634,662 0 180,678

Totals: 500,000 20,250 461,887 55,105 2,671,904

Policy

Year

Planned

Premium

Charge

Issue/

Admin

Charge

Insurance

Charges

Interest

Credited

Policy

Value

Surrender

Charge

Net

Surrender

Value

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Annual Account Summary (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM Page 36 of 48

41 0 0 48,529 7,416 191,951 2,770,667 0 193,985

42 0 0 51,056 8,910 201,787 2,912,488 0 206,971

43 0 0 53,597 10,709 212,050 3,060,233 0 219,440

44 0 0 56,265 12,855 222,742 3,213,855 0 231,023

45 0 0 59,066 15,382 233,860 3,373,268 0 241,294

46 0 0 62,007 18,320 245,402 3,538,343 0 249,770

47 0 0 65,095 17,352 257,497 3,713,393 0 260,391

48 0 0 68,338 15,277 270,341 3,900,118 0 274,467

49 0 0 71,743 11,842 284,058 4,100,591 0 293,657

50 0 0 75,318 6,803 298,795 4,317,265 0 319,984

Totals: 500,000 20,250 1,072,901 179,972 5,090,387

51 0 0 79,072 0 314,720 4,552,912 0 355,767

52 0 0 83,014 0 331,752 4,801,650 0 394,648

53 0 0 87,152 0 349,721 5,064,219 0 436,867

54 0 0 91,498 0 368,681 5,341,402 0 482,682

55 0 0 96,061 0 388,685 5,634,026 0 532,370

56 0 0 100,852 0 409,794 5,942,968 0 586,229

57 0 0 105,883 0 432,068 6,269,153 0 644,577

58 0 0 111,165 0 455,574 6,613,562 0 707,757

59 0 0 116,711 0 480,380 6,977,231 0 776,136

60 0 0 122,534 0 506,560 7,361,256 0 850,107

Totals: 500,000 20,250 2,066,842 179,972 9,128,320

Policy

Year

Planned

Premium

Charge

Issue/

Admin

Charge

Insurance

Charges

Interest

Credited

Policy

Value

Surrender

Charge

Net

Surrender

Value

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Annual Account Summary (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM Page 37 of 48

61 0 0 128,649 0 534,192 7,766,799 0 930,092

62 0 0 135,070 0 563,357 8,195,086 0 1,016,543

63 0 0 141,811 0 594,141 8,647,416 0 1,109,947

64 0 0 148,890 0 626,638 9,125,164 0 1,210,821

65 0 0 156,322 0 660,942 9,629,784 0 1,319,724

66 0 0 164,126 0 697,157 10,162,815 0 1,437,252

67 0 0 172,321 0 735,391 10,725,885 0 1,564,044

68 0 0 180,925 0 775,759 11,320,720 0 1,700,787

69 0 0 189,959 0 818,382 11,949,143 0 1,848,213

70 0 0 199,445 0 863,388 12,613,086 0 2,007,110

Totals: 500,000 20,250 3,684,359 179,972 15,997,667

71 0 0 209,405 0 910,912 13,314,593 0 2,178,318

72 0 0 219,863 0 961,099 14,055,829 0 2,362,740

73 0 0 230,844 0 1,014,100 14,839,085 0 2,561,341

74 0 0 242,375 0 1,070,076 15,666,786 0 2,775,156

75 0 0 254,481 0 1,129,197 16,541,501 0 3,005,289

76 0 0 267,193 0 1,191,642 17,465,950 0 3,252,927

77 0 0 0 0 1,266,750 18,732,700 0 3,809,026

78 0 0 0 0 907,088 19,639,788 0 3,969,930

79 0 0 0 0 785,919 20,425,706 0 3,972,356

80 0 0 0 0 740,576 21,166,282 0 3,890,264

Totals: 500,000 20,250 5,108,521 179,972 25,975,025

Policy

Year

Planned

Premium

Charge

Issue/

Admin

Charge

Insurance

Charges

Interest

Credited

Policy

Value

Surrender

Charge

Net

Surrender

Value

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Annual Account Summary (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM Page 38 of 48

1 46 25,000 10,564 -57.74% 413,324 1553.30%

2 47 25,000 33,929 -23.23% 436,461 270.81%

3 48 25,000 58,544 -11.88% 460,848 123.69%

4 49 25,000 85,856 -6.01% 486,991 74.80%

5 50 25,000 113,881 -3.09% 514,599 51.59%

6 51 25,000 143,600 -1.24% 543,766 38.44%

7 52 25,000 174,889 -0.02% 574,589 30.14%

8 53 25,000 207,925 0.86% 607,169 24.53%

9 54 25,000 243,142 1.55% 641,617 20.54%

10 55 25,000 280,059 2.05% 678,049 17.60%

Totals: 250,000

11 56 25,000 320,122 2.51% 717,656 15.39%

12 57 25,000 367,508 3.08% 759,569 13.67%

13 58 25,000 414,438 3.42% 806,005 12.35%

14 59 25,000 463,613 3.67% 855,180 11.29%

15 60 25,000 515,695 3.89% 907,262 10.43%

16 61 25,000 570,848 4.07% 962,415 9.72%

17 62 25,000 629,271 4.22% 1,020,838 9.13%

18 63 25,000 691,173 4.35% 1,082,740 8.64%

19 64 25,000 756,774 4.47% 1,148,341 8.23%

20 65 25,000 826,390 4.57% 1,148,341 7.39%

Totals: 500,000

Policy

Year

EOY

Age

Net

Outlay

Net

Surrender

Value

Internal

Rate of

Return

Net

Death

Benefit

Internal

Rate of

Return

----- Surrender Value -----

----- Death Benefit -----

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Internal Rate of Return Illustration

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 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 39 of 48

21 66 -72,272 806,903 4.74% 974,322 6.13%

22 67 -72,272 787,232 4.89% 956,320 6.13%

23 68 -72,272 766,415 5.01% 936,479 6.12%

24 69 -72,272 744,380 5.11% 914,661 6.10%

25 70 -72,272 721,055 5.19% 890,726 6.09%

26 71 -72,272 696,363 5.26% 852,515 6.02%

27 72 -72,272 670,508 5.33% 810,733 5.95%

28 73 -72,272 643,493 5.39% 765,189 5.88%

29 74 -72,272 615,342 5.44% 715,699 5.82%

30 75 -72,272 586,107 5.49% 662,085 5.76%

Totals: -222,720

31 76 -72,272 555,885 5.54% 636,397 5.80%

32 77 -72,272 523,853 5.58% 609,110 5.83%

33 78 -72,272 489,868 5.61% 580,090 5.86%

34 79 -72,272 453,773 5.65% 549,187 5.89%

35 80 -72,272 415,389 5.68% 516,231 5.92%

36 81 -72,272 374,513 5.71% 481,026 5.94%

37 82 -72,272 330,893 5.73% 443,324 5.96%

38 83 -72,272 284,261 5.75% 402,866 5.98%

39 84 -72,272 234,308 5.77% 359,346 5.99%

40 85 -72,272 180,678 5.79% 312,411 6.01%

Totals: -945,440

Policy

Year

EOY

Age

Net

Outlay

Net

Surrender

Value

Internal

Rate of

Return

Net

Death

Benefit

Internal

Rate of

Return

----- Surrender Value -----

----- Death Benefit -----

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Internal Rate of Return Illustration (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 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 40 of 48

41 86 0 193,985 5.79% 332,518 6.01%

42 87 0 206,971 5.79% 352,596 6.01%

43 88 0 219,440 5.80% 372,451 6.01%

44 89 0 231,023 5.79% 391,716 6.00%

45 90 0 241,294 5.79% 409,957 6.00%

46 91 0 249,770 5.78% 391,304 5.95%

47 92 0 260,391 5.78% 371,793 5.90%

48 93 0 274,467 5.78% 352,469 5.86%

49 94 0 293,657 5.78% 334,663 5.82%

50 95 0 319,984 5.79% 319,984 5.79%

Totals: -945,440

51 96 0 355,767 5.81% 355,767 5.81%

52 97 0 394,648 5.82% 394,648 5.82%

53 98 0 436,867 5.84% 436,867 5.84%

54 99 0 482,682 5.85% 482,682 5.85%

55 100 0 532,370 5.87% 532,370 5.87%

56 101 0 586,229 5.88% 586,229 5.88%

57 102 0 644,577 5.89% 644,577 5.89%

58 103 0 707,757 5.91% 707,757 5.91%

59 104 0 776,136 5.92% 776,136 5.92%

60 105 0 850,107 5.94% 850,107 5.94%

Totals: -945,440

Policy

Year

EOY

Age

Net

Outlay

Net

Surrender

Value

Internal

Rate of

Return

Net

Death

Benefit

Internal

Rate of

Return

----- Surrender Value -----

----- Death Benefit -----

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Internal Rate of Return Illustration (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 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 41 of 48

61 106 0 930,092 5.95% 930,092 5.95%

62 107 0 1,016,543 5.96% 1,016,543 5.96%

63 108 0 1,109,947 5.97% 1,109,947 5.97%

64 109 0 1,210,821 5.99% 1,210,821 5.99%

65 110 0 1,319,724 6.00% 1,319,724 6.00%

66 111 0 1,437,252 6.01% 1,437,252 6.01%

67 112 0 1,564,044 6.02% 1,564,044 6.02%

68 113 0 1,700,787 6.03% 1,700,787 6.03%

69 114 0 1,848,213 6.05% 1,848,213 6.05%

70 115 0 2,007,110 6.06% 2,007,110 6.06%

Totals: -945,440

71 116 0 2,178,318 6.07% 2,178,318 6.07%

72 117 0 2,362,740 6.08% 2,362,740 6.08%

73 118 0 2,561,341 6.09% 2,561,341 6.09%

74 119 0 2,775,156 6.10% 2,775,156 6.10%

75 120 0 3,005,289 6.11% 3,005,289 6.11%

76 121 0 3,252,927 6.12% 3,252,927 6.12%

77 122 0 3,809,026 6.17% 3,809,026 6.17%

78 123 0 3,969,930 6.16% 3,969,930 6.16%

79 124 0 3,972,356 6.13% 3,972,356 6.13%

80 125 0 3,890,264 6.09% 3,890,264 6.09%

Totals: -945,440

Policy

Year

EOY

Age

Net

Outlay

Net

Surrender

Value

Internal

Rate of

Return

Net

Death

Benefit

Internal

Rate of

Return

----- Surrender Value -----

----- Death Benefit -----

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Internal Rate of Return Illustration (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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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 42 of 48

Below are hypothetical examples of the net loan cost (and in some cases gain) associated with taking either a Standard, Index

Loan or a Fixed Index Loan. Example 1 assumes that the Standard Loan is fully secured by the Fixed Account, and uses a Fixed

Loan Charge Rate of 2%. Examples 2 and 3 assume that the Index Loans are fully secured by the Capped Indexed Account

which has a guaranteed Indexed Account Multiplier of 45%, and a hypothetical Loan Charge Rate of 5.5%. Examples 4 and 5

assume that the Fixed Index Loans are fully secured by the Loaned Indexed Account which has a guaranteed Indexed Account

Multiplier of 45%, and a hypothetical Loan Charge Rate of 5.0%. All five scenarios assume a $100,000 Policy Value at the

beginning of the loan period and annual loans of $10,000 are taken at the beginning of the Policy Year. In order to isolate the

impact of the loan option and assumed crediting rate, no policy charges are assumed.

Example 1 - Standard Loan– Current Loan Charge Rate & Current Loan Account Crediting Rate

Assumed Crediting Rate 3.45% Loan Rate Charged 2.00%

Assumed Loan Account Crediting Rate 2.00% Net Loan Cost 0.00%

____________________________________________________________________________________________________________

Policy

Year

Annual Loan

Requested

Annual Loan

Amount

Loan Account

Credited Amount

Loan Charged

Amount

Cumulative Net

Loan Cost

Net Cash

Surrender Value

11 (10,000) 10,000 200 200 - 93,305

12 (10,000) 10,200 404 404 - 86,376

13 (10,000) 10,404 612 612 - 79,205

14 (10,000) 10,612 824 824 - 71,784

20 (10,000) 11,951 2,190 2,190 - 21,489

Under current assumptions, the rate of interest credited to the policy's Loan Account equals the rate of interest charged for the loan after

Policy Year 10. Therefore, in this example the net cost of the Standard Loan is zero.

Example 2 - Index Loan – Current Loan Charge Rate & an Assumed 2.0% Segment Growth Rate

Assumed Crediting Rate 2.00% Loan Rate Charged 5.50%

Assumed Loan Account Crediting Rate N/A Net Loan Cost 2.60%

____________________________________________________________________________________________________________

Policy

Year

Annual Loan

Requested

Annual Loan

Amount

Indexed Account

Credited Amount

Loan Charged

Amount

Cumulative Net

Loan Cost

Net Cash

Surrender Value

11 (10,000) 10,000 290 550 260 92,900

12 (10,000) 10,550 596 1,130 794 85,334

13 (10,000) 11,130 919 1,742 1,618 77,274

14 (10,000) 11,742 1,259 2,388 2,747 68,692

20 (10,000) 16,191 3,734 7,081 16,940 4,339

Under an Index Loan, when the rate of interest charged for that loan exceeds the Segment Growth Rate earned in the Indexed Account,

the net cost of holding that loan can be substantial.

Example 3 - Index Loan – Current Loan Charge Rate & an Assumed 8.75% Segment Growth Rate

Assumed Crediting Rate 8.75% Loan Rate Charged 5.50%

Assumed Loan Account Crediting Rate N/A Net Loan Gain 7.19%____

____________________________________________________________________________________________________________

Policy

Year

Annual Loan

Requested

Annual Loan

Amount

Indexed Account

Credited Amount

Loan Charged

Amount

Cumulative Net

Loan Cost

Net Cash

Surrender Value

11 (10,000) 10,000 1,269 550 (719) 102,688

12 (10,000) 10,550 2,607 1,130 (2,196) 106,435

13 (10,000) 11,130 4,019 1,742 (4,473) 111,416

14 (10,000) 11,742 5,509 2,388 (7,594) 117,829

20 (10,000) 16,191 16,336 7,081 (46,830) 201,432

Under an Index Loan, when the Segment Growth Rate earned in the Indexed Account exceeds the rate charged for that loan, the result

would be a net loan gain to the policy.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Understanding Potential Loan Costs

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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07/18/2022 12:04:13 PM Page 43 of 48

Example 4 - Fixed Index Loan – Current Loan Charge Rate & an Assumed 2.0% Segment Growth Rate

Assumed Crediting Rate 2.0% Loan Rate Charged 5.0%

Assumed Loan Account Crediting Rate N/A Net Loan Cost 2.10%

____________________________________________________________________________________________________________

Policy

Year

Annual Loan

Requested

Annual Loan

Amount

Indexed Account

Credited Amount

Loan Charged

Amount

Cumulative Net

Loan Cost

Net Cash

Surrender Value

11 (10,000) 10,000 290 500 210 92,900

12 (10,000) 10,500 595 1,025 641 85,384

13 (10,000) 11,025 914 1,576 1,303 77,430

14 (10,000) 11,576 1,250 2,155 2,208 69,013

20 (10,000) 15,513 3,648 6,289 13,469 7,314

Under a Fixed Index Loan, when the rate of interest charged for that loan exceeds the Segment Growth Rate earned in the Indexed

Account, the net cost of holding that loan can be substantial.

Example 5 - Fixed Index Loan – Current Loan Charge Rate & an Assumed 8.75% Segment Growth Rate

Assumed Crediting Rate 8.75% Loan Rate Charged 5.0%

Assumed Loan Account Crediting Rate N/A Net Loan Gain 7.69%____

____________________________________________________________________________________________________________

Policy

Year

Annual Loan

Requested

Annual Loan

Amount

Indexed Account

Credited Amount

Loan Charged

Amount

Cumulative Net

Loan Cost

Net Cash

Surrender Value

11 (10,000) 10,000 1,269 500 (769) 102,688

12 (10,000) 10,500 2,601 1,025 (2,345) 106,485

13 (10,000) 11,025 4,000 1,576 (4,768) 111,571

14 (10,000) 11,576 5,468 2,155 (8,082) 118,150

20 (10,000) 15,513 15,958 6,289 (49,304) 204,406

Under a Fixed Index Loan, when the Segment Growth Rate earned in the Indexed Account exceeds the rate charged for that loan, the

result would be a net loan gain to the policy.

You should consider the potential effect that each type of loan can have on your policy before taking a loan.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Understanding Potential Loan Costs (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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Advance Contribution Charge

An Advance Contribution Charge is assessed on each monthly processing date when the cumulative premiums paid

exceed the Advance Contribution Limit times the current Policy Year. It is deducted for the first 20 Policy Years. The

Advance Contribution Charge rates and Advance Contribution Limit are both shown in the policy contract.

Base Face Amount Charge

The Base Face Amount Charge is $0.5141 per $1,000 of Base Face Amount per policy month in years 1-3. In years 4-12,

the rate is $0.4284. This charge varies by the insured’s issue age, gender, risk classification and the policy duration.

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 are no greater than the 2017 Loaded CSO Composite Ultimate Age

Nearest Birthday mortality tables, adjusted for any applicable ratings.

Death Benefit Option

Death Benefit Option 1 provides a level amount of coverage. It will increase only when necessary to maintain the

definition of life insurance. Death Benefit Option 2 provides coverage equal to the Face Amount plus the Policy Value plus

any amount necessary to maintain the definition of life insurance.

Fixed Bonus Interest

The Fixed Bonus is a rate applied to Segment Balances in the Barclays Global MA Bonus Indexed Account. This rate is

guaranteed at 0.65% and will be applied no less frequently than annually.

Guaranteed Indexed Account Multiplier

The Guaranteed Indexed Account Multiplier is a rate applied to the Index Segment Interest Credit at the end of the

segment. This rate increases the interest earned in each Indexed Account segment. The Guaranteed Indexed Account

Multiplier varies by Indexed Account.

Index Change

The Index Change is the difference in the index from the beginning to the end of a Segment.

Indexed Performance Charge

The Indexed Performance Charge is equal to 0.165% multiplied by the Policy Value in the Index Appreciation Account

excluding the Select Capped, Base Capped Two Year, Barclays Global MA Bonus, and Barclays Global MA Classic

Indexed Accounts, plus 0.25% multiplied by the Policy Value in the Enhanced Capped and Enhanced High Capped

Indexed Accounts. The charge is deducted monthly on a pro-rata basis from the Non-Loaned Indexed Accounts.

Monthly Administrative Charge

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

Net Death Benefit

The Death Benefit illustrated is the Base Face Amount plus any Required Additional Death Benefit. This is the value that

is payable upon the death of the insured as stated on the front page of the policy. The actual amount payable may be

decreased by loans or increased by additional insurance benefits. Death Benefits are illustrated as of the end of the year.

Net Death Benefit reflects the total loan plus any loan interest due.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Glossary of Terms

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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Net Income

Net Income reflects any illustrated withdrawal, policy loan and/or loan interest due.

Net Surrender Value

The Net Surrender Value is the Policy Value less Surrender Charge(s), and is illustrated as of end of the year. This

amount is shown net of withdrawals and total loans plus loan interest due. 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.

Participation Rate

The Participation Rate is the percentage of the Index Change (change in the value of the Index over the Segment Term)

that will be recognized in the calculation of the Segment Growth Rate.

Planned Premium Outlay

The Planned Premium Outlay is the amount which the policyholder plans to pay. This illustration assumes that Planned

Premiums are paid at the beginning of each modal period indicated. Additional premiums may be paid while the policy is

In Force, subject to our minimum and maximum limits.

Policy Value

The Policy Value is the sum of all amounts held in the policy including the Fixed Account, the Index Appreciation Account,

and any value in the Loan Account. When premiums are paid, the balance, after a premium charge is deducted, is

allocated between the Fixed Account and the Non-Loaned Indexed Accounts, per your instructions. The Fixed Account is

credited daily with a guaranteed interest rate of 1.00% or the current rate, whichever is greater. Segments in the Index

Appreciation Account may earn an Index Segment Interest Credit at each Segment Maturity Date, subject to a guaranteed

Segment Floor Rate of 0%. Also, once each month, Cost of Insurance and any other charges are deducted

proportionately from both the Fixed Account and the Index Appreciation Account.

Cumulative Guarantee Accumulation IUL policies also include a Cumulative Guarantee used for purposes of calculating

Minimum Death Benefit, Insurance Benefit and the Cash Surrender Value. The Policy Value used for these purposes

(only) is the greater of the Policy Value described above and the Cumulative Guaranteed Policy Value which is determined

in the same manner as the Policy Value except that:

• Net Premiums accumulate with interest in the manner applicable to amounts accumulated in the Fixed Account;

• Monthly Deductions and withdrawals, including any applicable charges, are made from the amount accumulated as

described above, in the manner applicable to the Fixed Account;

• The Indexed Performance Charge, if applicable, that is deducted will be determined by multiplying the Indexed

Performance Charge deducted from the Policy Value in that month by the ratio of the Cumulative Guarantee Policy Value

immediately before the Monthly Deductions, divided by the Policy Value immediately before the Monthly Deductions;

• No Policy Credit is added to the Cumulative Guarantee Policy Value; and

• A 2% Cumulative Guaranteed Interest Rate is used to credit this amount.

The Cumulative Guarantee does not increase the amount available for withdrawals or policy loans, and does not affect the

amount available for transfers or allocations.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Glossary of Terms (cont'd)

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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07/18/2022 12:04:13 PM Page 46 of 48

Premium Charge

A Premium Charge of 7.0% is deducted from each premium in year 1. In years 2-10 the charge is 6.0%. In years 11+, the

charge is 2.0%.

Risk Class

Classifications represent groups of people with similar risk characteristics and help to determine the Cost of Insurance.

Final risk classification for a proposed insured is determined upon completion of the underwriting process, and may vary

from what is shown on this illustration. If so, you will receive a Revised Basic Illustration prior to or upon delivery of your

insurance contract.

Segment Cap Rate

The Segment Cap Rate limits the rate used in calculating the Index Segment Interest Credit. The Segment Cap Rate

varies by Indexed Account.

Segment Floor Rate

The Segment Floor Rate is the minimum rate used in calculating the Index Segment Interest Credit for a segment. The

guaranteed Segment Floor Rate for each Indexed Account is 0.00%.

Segment Term

The Segment Term is the duration from the date the Segment initiates to the date it matures. All indexed accounts except

the Base Capped Two Year Indexed Account have a one year Segment Term. The Base Capped Two Year Indexed

Account has a two year Segment Term.

Supplemental Face Amount Charge

The Supplemental Face Amount Charge is an additional monthly charge of $0.1896 per $1,000 of the Supplemental Face

Amount at issue, or the current Supplemental Face Amount if greater, in years 1-3. In years 4-12, the rate is $0.158. This

charge varies by age, gender, risk classification and the policy duration.

Total Face Amount

The Total Face Amount is made up of two components; the Base Face Amount and Supplemental Face Amount (if

elected). The Total Face Amount provides insurance payable at the death of the insured. Any decreases to the Total Face

Amount must fall within policy minimums, and are only allowed after the first Policy Year. The Base Face Amount

coverage illustrates your intent to decrease or terminate the coverage in the years shown, however, per the contract

provisions, the Base Face Amount death benefit will actually remain level unless you specifically request to decrease it at

the time desired. Funding for this benefit is based on your intent to decrease, however, if you never decrease your benefit

as illustrated, then additional premiums may be required to maintain the level death benefit.

Index Disclosure

The Standard & Poor’s 500 Composite Stock Price Index is a product of S&P Dow Jones Indices LLC, a division of S&P

Global,or its affiliates ("SPDJI"), and has been licensed for use by the Company. Standard & Poor’s® and S&P® are

registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones® is a

registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for

use by SPDJI and sublicensed for certain purposes by the Company. The indexed universal life insurance product issued

by the policy is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and

none of such parties make any representation regarding the advisability of investing in such product nor do they have any

liability for any errors, omissions, or interruptions of the Standard & Poor’s 500 Composite Stock Price Index.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Glossary of Terms (cont'd)

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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07/18/2022 12:04:13 PM Page 47 of 48

The Barclays Global MA Index (the "Index") is a proprietary index that manages volatility through a systematic, rules-

based investments approach. Neither Barclays Bank PLC ("BB PLC") nor any of its affiliates (collectively, "Barclays") is the

issuer or producer of the John Hancock Life Insurance Company (U.S.A.)'s (the "Company" or the "Issuer") life insurance

products (the "Products") and Barclays has no responsibilities, obligations or duties to purchasers of the Products. The

Index, together with any Barclays indices that are components of the Index, is a trademark owned by Barclays and,

together with any component indices and index data, is licensed for use by the Company as the issuer or producer of the

Products. Barclays only relationship with the Issuer in respect of the Index is the licensing of the Index, which is

administered, compiled and published by BB PLC in its role as the index sponsor (the "Index Sponsor") without regard to

the Issuer or the Products or purchasers of the Products. Additionally, the Company as the Issuer may for itself execute

transaction(s) with Barclays in or relating to the Index in connection with the Products. Purchasers acquire the Products

from the Company and purchasers neither acquire any interest in the Index nor enter into any relationship of any kind

whatsoever with Barclays upon purchase of the Products. The Products are not sponsored, endorsed, sold or promoted by

Barclays and Barclays makes no representation regarding the advisability of the Products or use of the Index or any data

included therein. Barclays shall not be liable in any way to the Issuer, Product purchaser or to other third parties in respect

of the use or accuracy of the Index or any data included therein. Barclays Bank PLC is the owner of the intellectual

property and licensing rights relating to the Index. The Index is operated by Barclays Index Administration, an independent

index administration function within Barclays Bank PLC. Barclays Bank PLC may terminate the appointment of, and

replace, the Index Sponsor with a successor index sponsor. Following the termination of the appointment of the Index

Sponsor, Barclays Bank PLC will publish an announcement of that termination and the identity of the successor index

sponsor on www.barclays.com/indices (or any successor website) as soon as reasonably practicable. Solactive AG is the

official index calculation and maintenance agent of the Index. The financial instrument is not sponsored, promoted, sold or

supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or

assurance either with regard to the results of using the Index and/or Index trademark or the Index Price at any time or in

any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that

the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point

out errors in the Index to third parties including but not limited to purchasers, investors and/or financial intermediaries of

the financial instrument. Neither publication of the Index by Solactive AG nor the use of the Index or Index trademark for

the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to purchase

or invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with

regard to any purchase in this financial instrument. Barclays does not guarantee the accuracy and/or completeness of the

Index described herein any data included therein, or any data from which it is based, and Barclays shall not have any

liability for any errors, omissions, or interruptions therein. Barclays does not make any warranty, express or implied, as to

the results to be obtained from the use of the Index. Barclays expressly disclaims all warranties of merchantability or

fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the

foregoing, in no event shall Barclays have liability for any special, punitive, indirect or consequential damages, lost profits,

loss of opportunity or other financial loss, even if notified of the possibility of such damages.

None of Barclays, any of its affiliates or subsidiaries nor any of its directors, officers, employees, representatives,

delegates or agents shall have any responsibility to any person (whether as a result of negligence or otherwise) for any

determination made or anything done (or omitted to be determined or done) in respect of the Index or publication of the

levels of the Index and any use to which any person may put the Index or the levels of the Index. In addition, although

Barclays reserves the right to make adjustments to correct previously incorrectly published information, including but not

limited to the levels of the Index, Barclays is under no obligation to do so and Barclays shall have no liability in respect of

any errors or omissions. Nothing in any of the disclaimers set forth above will exclude or limit liability to the extent such

exclusion or limitation is not permitted by law.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Glossary of Terms (cont'd)

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Based on Current Charges and Initial Assumed Segment Growth Rate of 5.90%

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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07/18/2022 12:04:13 PM Page 48 of 48

GUARANTEED BASIS_______ CURRENT BASIS__________

POLICY PLANNED DEATH POLICY SURRENDER DEATH POLICY SURRENDER

YEAR PREMIUM BENEFIT VALUE VALUE BENEFIT VALUE VALUE

1 25,000.00 410,313 18,343.79 7,552.59 413,324 21,757.04 10,563.94

2 25,000.00 428,267 35,561.43 25,734.80 436,461 44,893.78 33,928.74

3 25,000.00 445,457 51,711.75 43,152.98 460,848 69,281.10 58,544.12

4 25,000.00 462,300 67,236.68 61,164.69 486,991 95,423.78 85,855.59

5 25,000.00 478,408 81,772.57 77,689.72 514,599 123,031.74 113,880.90

6 25,000.00 493,783 95,348.80 93,616.90 543,766 152,199.10 143,600.16

7 25,000.00 508,432 107,996.60 108,731.07 574,589 183,022.32 174,888.62

8 25,000.00 522,365 119,750.02 123,120.05 607,169 215,602.43 207,924.85

9 25,000.00 535,591 130,640.74 137,115.80 641,617 250,049.80 243,141.92

10 25,000.00 548,119 140,699.16 150,128.88 678,049 286,482.17 280,058.91

11 25,000.00 559,951 149,946.66 162,417.24 717,656 326,088.98 320,121.84

12 25,000.00 571,092 158,407.00 179,031.42 759,569 368,001.91 367,508.17

13 25,000.00 583,532 168,067.41 191,964.78 806,005 414,438.06 414,438.06

14 25,000.00 595,224 176,882.57 203,656.51 855,180 463,613.29 463,613.29

15 25,000.00 606,158 184,862.29 214,590.89 907,262 515,695.13 515,695.13

16 25,000.00 616,331 192,020.73 224,763.56 962,415 570,847.62 570,847.62

17 25,000.00 625,725 198,358.83 234,157.61 1,020,838 629,270.65 629,270.65

18 25,000.00 634,332 203,885.76 242,765.10 1,082,740 691,173.23 691,173.23

19 25,000.00 642,137 208,602.44 250,570.35 1,148,341 756,773.64 756,773.64

20 25,000.00 649,128 212,512.97 257,561.46 1,217,860 826,293.17 826,293.17

Age 65 25,000.00 649,128 212,512.97 257,561.46 1,217,860 826,293.17 826,293.17

LIFE INSURANCE INDEXES (CALCULATED AT 5%)

NET PAYMENT INDEX NET SURRENDER INDEX

10 YEARS 20 YEARS 10 YEARS 20 YEARS

GUAR BASIS

54.21 48.86 29.56 34.36

CURR BASIS

50.40 39.10 7.65 1.88

AGENT: MR AGENT

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)

AGENCY: PPP

JOHN HANCOCK PLACE

POST OFFICE BOX 717

ADDRESS: 111

222

BOSTON, MASSACHUSETTS 02116

PPP, PA 11111

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Statement of Policy Cost and Benefit Information

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

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Coverage Summary

Initial Initial

Coverage Description Amount Premium

Base Face Amount

Supplemental Face Amount - Specified Schedule

$391,567

$656,970

$25,000.00

From 21 Thru 76

Additional Coverage On Insured

Overloan Protection Rider

GUARANTEED VALUES HAVE BEEN CALCULATED ASSUMING MONTHLY DEDUCTIONS FROM POLICY VALUE FOR INSURANCE

COVERAGE BASED ON 2017 CSO MORTALITY AND INTEREST CREDITED TO REMAINING VALUE AT AN EFFECTIVE ANNUAL RATE OF

0.00%. ACCORDING TO THE PLANNED PAYMENT SCHEDULE, THE CONTRACT WILL TERMINATE IN YEAR 2059 ON THIS BASIS

UNLESS A HIGHER PREMIUM IS PAID.

CURRENT VALUES REFLECT CURRENT INSURANCE RATES AND INTEREST CREDITED AT AN EFFECTIVE ANNUAL RATE OF 5.90%.

THEY ARE NOT GUARANTEES OR ESTIMATES, BUT MERELY ILLUSTRATE RESULTANT VALUES IF CURRENT ECONOMIC

EXPERIENCE CONTINUES. ACCORDING TO THE PLANNED PAYMENT SCHEDULE, THE CONTRACT WILL REMAIN IN FORCE UNTIL

THE YEAR 2098.

THE PORTION OF POLICY VALUE SECURING ANY LOAN IS CREDITED INTEREST AT A RATE THAT VARIES DEPENDING ON THE

LOAN OPTION ELECTED.

· FOR INDEX LOAN, THE POLICY LOAN RATE IS VARIABLE AND SUBJECT TO CHANGE ANNUALLY ON THE POLICY ANNIVERSARY. IT

IS DETERMINED USING MOODY’S CORPORATE BOND INDEX AS DESCRIBED IN THE LOAN INTEREST CHARGED PROVISION IN

YOUR POLICY. INTEREST IS DUE IN ARREARS. THE CURRENT RATE OF LOAN INTEREST IS 5.00%. THIS RATE WILL NOT EXCEED

THE HIGHER OF (A) AND (B), EACH AS OF THE CALENDAR MONTH WHICH IS TWO MONTHS BEFORE THE MONTH IN WHICH THE

DATE OF DETERMINATION OCCURS; WHERE (A) IS THE RATE OF INTEREST CREDITED TO THE FIXED ACCOUNT PLUS 1% PER

ANNUM; AND (B) IS THE MOODY’S CORPROATE BOND YIELD AVERAGE-MONTHLY AVERAGE CORPORATES.

· FOR FIXED INDEX LOAN, THE POLICY LOAN RATE IS FIXED AND GUARANTEED. THE POLICY LOAN RATE IS 5.00%. .

IMPORTANT NOTICE

THESE ILLUSTRATIONS PROJECT DEATH BENEFITS, POLICY VALUES AND SURRENDER VALUES AT THE END OF THE YEAR UNDER

SEVERAL ASSUMPTIONS IN ADDITION TO MORTALITY EXPERIENCE AND INTEREST CREDITED. THESE ASSUMPTIONS ARE:

1. PLANNED PREMIUM PAYMENTS ARE RECEIVED BY THE COMPANY ON THE FIRST DAY OF EACH PERIOD INDICATED IN THE

CONTRACT. NO CHANGES ARE MADE TO EITHER THE AMOUNT OF THE PAYMENTS OR THE SCHEDULE ANTICIPATED.

2. NO CHANGES ARE MADE TO THE AMOUNT OF COVERAGE SCHEDULED OR DEATH BENEFIT OPTION ELECTED AT ISSUE.

3. NO POLICY LOANS OR WITHDRAWALS ARE MADE.

THE CURRENT INSURANCE RATES AND INTEREST CREDITED REMAIN UNCHANGED (APPLICABLE ONLY TO CURRENT BASIS).

IF ANY OF THESE ASSUMPTIONS CHANGE, RESULTANT POLICY VALUES WILL DIFFER FROM THOSE ILLUSTRATED.

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Statement of Policy Cost and Benefit Information (cont'd)

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Illustration Assumptions

Presented By: Mr Agent

Accumulation IUL Form: 21AIUL

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 PM

Product & Concept

Concept Ledger

Approved in Alabama

Product Type Universal Life -- Single Life

Product Accumulation IUL 21 Reprice

Policy Design

Insured Name Sample

Sex Male

Issue Age / Birthdate 45

State Alabama

Risk Class Preferred NonSmoker

Total Face Amount Min Non-MEC DB

Death Benefit Option Option 2

Death Benefit Change Year Lifetime

Definition of Life Insurance Test GPT

Premium Schedule

25000 1 20--

Premium Duration 20

Premium Mode Annual

Target Cash Value Endow

Target Year Lifetime

Agent Name Mr Agent

Policy Allocation

Allocation Option Custom Allocation and Rate

Select Capped Rate 5.21%

Base Capped Two Year Rate 5.90%

Barclays Global MA Bonus Rate 5.90%

Barclays Global MA Classic Rate 5.90%

Capped Rate 5.43%

High Capped Rate 6.06%

High Par Capped Rate 5.14%

Enhanced Capped Rate 5.28%

Enhanced High Capped Rate 6.04%

Fixed Rate Current

Allocation Select Capped Rate 0%

Allocation Base Capped Two Year Rate 0%

Allocation Barclays Global MA Bonus

Rate

100%

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Input Summary ~~ Agent Use Only ~~

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 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.

Allocation Barclays Global MA Classic

Rate

Allocation Capped Rate 0%

Allocation High Capped Rate 0%

Allocation High Par Capped Rate 0%

Allocation Enhanced Capped Rate 0%

Allocation Enhanced High Capped Rate 0%

Fixed Rate Allocation 0%

Policy Options

Estimated Policy Issue Date 08/18/2022

Charges Current

Lump Sum Month Year 1 1

Lump Sum Month Years 2+ 1

MEC Testing Avoid MEC

Distributions Schedule

0 Loan to Cap - End

Distributions

2 20--

Solve Loan to Cap - End

Distributions

21 40--

0 Loan to Cap - End

Distributions

41 76--

Distribution Mode Monthly

Reduce Face to Maximize Income Yes

Target Cash Value Endow

Target Year Lifetime

Withdrawal Cap Basis

Loan Cap None

Loan Type Fixed Index Loan

Loan Interest Payment Type Borrow

Loaned Index Acct. Assumed Rate 5.43%

Owner Tax Rate 35%

Optional Reports

Optional Presentations No Presentation

Optional Reports Yes

Annual Account Summary Yes

Input Summary Yes

Internal Rate Of Return Yes

Pol Cost and Ben Info Yes

Vitality PLUS Presentation Yes

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

A LIFE INSURANCE POLICY ILLUSTRATION

A Flexible Premium Universal Life Insurance Policy

Input Summary ~~ Agent Use Only ~~ (cont'd)

Illustration Assumptions

Sample

Male - Preferred NonSmoker

Age: 45

Initial Death Benefit $391,567

Base Face Amount $391,567

Initial Planned Premium: $25,000.00 / Billing Mode: Annual

Initial Death Benefit Option 2; Death Benefit Option 1 Starting In Year 20

Guideline Premium Test; State: Alabama

Accumulation IUL Form: 21AIUL

Presented By: Mr Agent

This is your Basic Illustration and is valid only if all illustration pages are included.

Version: 18.2.0 S[0-0-24576-2560-8192] - 199

Winflex

07/18/2022 12:04:13 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.

Life Insurance Illustration

Name:

Male Age : 45-Preferred NonSmoker Date: 7/18/2022

Initial Death

Benefit

$391,567

Initial

Payment

$25,000

Non-Guaranteed

Interest Rate

5.9%

Ta x Bracket

35%

Year Age

Net Annual

Outlay

Cumulative

Net Outlay

Annual

Cash Value

Incr / Decr

Net

Surrender

Value

Net Death

Benefit

25,000

125,000

25,000

250,000

25,000

375,000

25,000

500,000

-72,272

138,640

25,000

50,000

75,000

100,000

125,000

150,000

175,000

200,000

225,000

250,000

275,000

300,000

325,000

350,000

375,000

400,000

425,000

450,000

475,000

500,000

427,728

355,456

283,184

210,912

138,640

10,564

23,365

24,615

27,312

28,025

113,881

29,719

31,289

33,036

35,217

36,917

280,059

40,063

47,386

46,930

49,175

52,082

515,695

55,153

58,423

61,902

65,601

69,616

826,390

-19,487

-19,671

-20,817

-22,035

-23,325

721,055

10,564

33,929

58,544

85,856

113,881

143,600

174,889

207,925

243,142

280,059

320,122

367,508

414,438

463,613

515,695

570,848

629,271

691,173

756,774

826,390

806,903

787,232

766,415

744,380

721,055

413,324

436,461

460,848

486,991

514,599

543,766

574,589

607,169

641,617

678,049

717,656

759,569

806,005

855,180

907,262

962,415

1,020,838

1,082,740

1,148,341

974,322

956,320

936,479

914,661

890,726

V2.51.00 C2.02.00. 12:04:13 PM Version:18.2.0 - 199 This supplemental illustration is not intended to predict actual performance and is valid only

when accompanied by all pages of a Accumulation IUL 21 Reprice illustration from John Hancock Life Insurance Company (U.S.A.).

Presented by: Winflex MrAgent

Page 1 of 5

Life Insurance Illustration

Name:

Male Age : 45-Preferred NonSmoker Date: 7/18/2022

Initial Death

Benefit

$391,567

Initial

Payment

$25,000

Non-Guaranteed

Interest Rate

5.9%

Ta x Bracket

35%

Year Age

Net Annual

Outlay

Cumulative

Net Outlay

Annual

Cash Value

Incr / Decr

Net

Surrender

Value

Net Death

Benefit

-72,272

-222,720

-72,272

-584,080

-72,272

-945,440

66,368

-5,904

-78,176

-150,448

-222,720

-294,992

-367,264

-439,536

-511,808

-584,080

-656,352

-728,624

-800,896

-873,168

-945,440

-24,692

-25,855

-27,015

-28,151

-29,235

586,107

-30,222

-32,032

-33,985

-36,095

-38,384

415,389

-40,876

-43,620

-46,632

-49,953

-53,630

180,678

13,307

12,986

12,469

11,583

10,271

241,294

8,476

10,621

14,076

19,190

26,327

319,984

696,363

670,508

643,493

615,342

586,107

555,885

523,853

489,868

453,773

415,389

374,513

330,893

284,261

234,308

180,678

193,985

206,971

219,440

231,023

241,294

249,770

260,391

274,467

293,657

319,984

852,515

810,733

765,189

715,699

662,085

636,397

609,110

580,090

549,187

516,231

481,026

443,324

402,866

359,346

312,411

332,518

352,596

372,451

391,716

409,957

391,304

371,793

352,469

334,663

319,984

V2.51.00 C2.02.00. 12:04:13 PM Version:18.2.0 - 199 This supplemental illustration is not intended to predict actual performance and is valid only

when accompanied by all pages of a Accumulation IUL 21 Reprice illustration from John Hancock Life Insurance Company (U.S.A.).

Presented by: Winflex MrAgent

Page 2 of 5

Life Insurance Illustration

Name:

Male Age : 45-Preferred NonSmoker Date: 7/18/2022

Initial Death

Benefit

$391,567

Initial

Payment

$25,000

Non-Guaranteed

Interest Rate

5.9%

Ta x Bracket

35%

Year Age

Net Annual

Outlay

Cumulative

Net Outlay

Annual

Cash Value

Incr / Decr

Net

Surrender

Value

Net Death

Benefit

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

-945,440

35,783

38,881

42,219

45,815

49,688

532,370

53,859

58,348

63,180

68,379

73,971

850,107

79,985

86,451

93,404

100,874

108,903

1,319,724

117,528

126,792

136,743

147,426

158,897

2,007,110

171,208

184,422

198,601

213,815

230,133

3,005,289

355,767

394,648

436,867

482,682

532,370

586,229

644,577

707,757

776,136

850,107

930,092

1,016,543

1,109,947

1,210,821

1,319,724

1,437,252

1,564,044

1,700,787

1,848,213

2,007,110

2,178,318

2,362,740

2,561,341

2,775,156

3,005,289

355,767

394,648

436,867

482,682

532,370

586,229

644,577

707,757

776,136

850,107

930,092

1,016,543

1,109,947

1,210,821

1,319,724

1,437,252

1,564,044

1,700,787

1,848,213

2,007,110

2,178,318

2,362,740

2,561,341

2,775,156

3,005,289

V2.51.00 C2.02.00. 12:04:13 PM Version:18.2.0 - 199 This supplemental illustration is not intended to predict actual performance and is valid only

when accompanied by all pages of a Accumulation IUL 21 Reprice illustration from John Hancock Life Insurance Company (U.S.A.).

Presented by: Winflex MrAgent

Page 3 of 5

Life Insurance Illustration

Name:

Male Age : 45-Preferred NonSmoker Date: 7/18/2022

Initial Death

Benefit

$391,567

Initial

Payment

$25,000

Non-Guaranteed

Interest Rate

5.9%

Ta x Bracket

35%

Year Age

Net Annual

Outlay

Cumulative

Net Outlay

Annual

Cash Value

Incr / Decr

Net

Surrender

Value

Net Death

Benefit

121

122

123

124

125

-945,440

247,638

556,099

160,904

2,426

-82,092

3,890,264

3,252,927

3,809,026

3,969,930

3,972,356

3,890,264

3,252,927

3,809,026

3,969,930

3,972,356

3,890,264

V2.51.00 C2.02.00. 12:04:13 PM Version:18.2.0 - 199 This supplemental illustration is not intended to predict actual performance and is valid only

when accompanied by all pages of a Accumulation IUL 21 Reprice illustration from John Hancock Life Insurance Company (U.S.A.).

Presented by: Winflex MrAgent

Page 4 of 5

Concept Information Page

July 18, 2022

Illustration Concept:

Life Insurance Illustration

The Ledger concept illustrates non-guaranteed values and other non-

guaranteed elements.

The net annual premium outlay column includes total illustrated annual

premium for the base policy and any riders less any loans, dividends and/or

surrenders of other policy values, plus any tax consequences that might

result from situations such as a Modified Endowment Contract.

Please refer to the Basic Ledger and Supplemental Ledger for a complete

description of non-guaranteed values including definitions of cash value

and death benefit columns.

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

Page 5 of 5

Messages

July 18, 2022

Name: M/45

Company/ Product: John Hancock/ Accumulation IUL 21 Reprice

Product Warning(s)

*** Warning: Index Loans and Fixed Index Loans carry significantly more risk than standard policy loans. See Valuable Information Page of

the Illustration.

*** Warning:The illustration assumes that the loaned portion of funds allocated to the Index Appreciation Accounts will earn a rate equalto

the lesser of the assumed rate of return input for those accounts, or the Fixed Index Loan Interest Charged Annual Rate plus 0.5%.

*** Warning: Premium input may be cut back in accordance with first year restrictions. Please check your illustration carefully.

Death Benefit Option change from2 to 1 in year 20.

Page 1 of 1 07/18/22 12:04 PM

Client Input Summary

Company:

Product:

John Hancock

Accumulation IUL 21 Reprice

July 18, 2022

Page 1 of 3

Insured

Sex

Male

Age

Class

Preferred NonSmoker

Flat Extra Amount

1 to 76 -

State of Issue

Alabama

Backdate to Save Age

Estimated Policy Issue Date

08/18/2022

Solve For

Face Amount

Vitality Plus

Total Face Amount

1 to 121 - Min Non MEC DB

Supplemental Face Amount

Premium

1 to 20 - 25000

21 to 121 - 0

Preliminary Funding Account

Target Cash Value

Endow

Target Cash Value Year/Age

Lifetime

Disbursements

2 to 20 - 0

21 to 40 - Solve

41 to 76 - 0

Reduce Face to Maximize Income

Disbursement Option

Loans

Disbursement Mode

Monthly

Withdrawal Cap

Basis

Loan Cap

None

Loan Interest Option

Borrow

Illustrate Overloan Protection

Loan Type

Fixed Index Loan

Loaned Index Acct. Assumed Rate

1 to 99 - 5.43

Target Cash Value

Target Cash Value Year/Age

Age

121

Assumed Rate

Allocation Option

Custom Allocation and Rate

Select Capped Rate

1 to 121 - 5.21

Base Capped Two Year Rate

1 to 121 - 5.90

Barclays Global MA Bonus Rate

1 to 121 - 5.90

Barclays Global MA Classic Rate

1 to 121 - 5.90

Capped Rate

1 to 121 - 5.43

High Capped Rate

1 to 121 - 6.06

Client Input Summary

Company:

Product:

John Hancock

Accumulation IUL 21 Reprice

July 18, 2022

Page 2 of 3

Assumed Rate

High Par Capped Rate

1 to 121 - 5.14

Enhanced Capped Rate

1 to 121 - 5.28

Enhanced High Capped Rate

1 to 121 - 6.04

Fixed Rate

1 to 121 - Current

Select Capped Account

Base Capped Two Year Acct.

Barclays Global MA Bonus Acct

100

Barclays Global MA Classic Acct

Capped Acct

High Capped Acct

High Par Capped Acct

Enhanced Capped Acct

Enhanced High Capped Acct

Fixed Acct

One Time Reallocation

Policy Options

Death Benefit Option

Option 2 (Increasing)

Death Benefit Change Year

Lifetime

Premium Mode

Annual

Charges

Current

Insurance Test

Guideline Premium Test

Prevent MEC

Lump Sum

1 to 121 - 0

Lump Sum Month First Year

Revised Basic Illustration

Years to Print

Lifetime

Policy Riders

Optional Pages

Annual Account Summary

Monthly Account Summary

Loan Details Report

Necessary Premium Report

Input Summary

Cover Page

Internal Rate of Return

Death Benefit Illustration

TAMRA Page

Policy Cost and Benefit Info

Tabular Midpoint Ledger

Client Input Summary

Company:

Product:

John Hancock

Accumulation IUL 21 Reprice

July 18, 2022

Page 3 of 3

Optional Pages

LIRP Report

Three Rate Comparison

Vitality Plus Presentation

Aspire Presentation

Critical Illness Benefit Presentation

Commissions

Agent Info

Agent Name

Mr Agent

Agent Company

Ppp

Agent Address1

111

Agent Address2

222

Agent City

Ppp

Agent State

Pennsylvania

Agent Zip Code

11111

Agent Phone

222-333-4444

Bank Sale

Affiliation

None

Concept

Ledger

Tax Bracket

1 to 75 - 35