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Simple Term with Vitality Highlights

Producer Guide Simple Term with Vitality

The Return of Premium rider

John Hancock Vitality PLUS

Get rewarded with Vitality

Case study with Vitality PLUS

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Frequently Asked Questions

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Simple Term is not available in New York. Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock. LIFE-9407 4/24

Page 1 of 11 | Simple Term with Vitality

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Simple Term with Vitality Highlights

Simple Term with Vitality Highlights

Get your clients the coverage they need in 3 simple steps

Instant protection, cash back — and more! Simple Term with Vitality 1 is the only life insurance product that combines an instant decision, 2 a Return of Premium rider 3 offering cash back, and rewards for healthy living through the John Hancock Vitality Program.

The Return of Premium rider

Go to JHSimpleTerm.com and click the "eApp" button to complete the electronic application

1

John Hancock Vitality PLUS

Key highlights: • Cash back with the Return of Premium (ROP) rider — refund of up to 100% of premiums paid during the level-term period (eligible for 25- and 30-year durations and for Preferred and Standard non-tobacco risk classes)

• Maximum issue age of 60

Get rewarded with Vitality

• Rewards for healthy living through John Hancock Vitality PLUS , which is included with every policy • And with John Hancock Aspire ® , your clients living with diabetes can earn rewards for the things they do to manage their health and live well. 4

Submit the online application, which takes

2

approximately 5-10 minutes to complete

Case study with Vitality PLUS

• Instant underwriting decision

Receive an instant decision

3

• Face amounts ranging between $25,000 and $500,000

Specifications

• 10-, 15-, 20-, 25- and 30-year term durations

Frequently Asked Questions

Contact us

To access Vitality PLUS, clients can go to JohnHancockVitality.com and register after their policy is issued. The email they receive will include detailed instructions on how to register for the John Hancock Vitality Program.

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The Return of Premium rider

Simple Term with Vitality Highlights

Simple Term with Vitality is one of the only instant-decision life insurance products to offer coverage up to $500,000. With the optional ROP rider 3 , it also gives clients the opportunity to earn cash value throughout the life of their policy — up to 100% of premiums paid. Available on 25- and 30-year term durations, the ROP rider's cash value will grow until the end of the level-term period, providing up to 100% cash back of total premiums paid. And if clients exit their policy before the end of the level-term period, they will still be eligible to receive a cash-back benefit.

The Return of Premium rider

John Hancock Vitality PLUS

Get rewarded with Vitality

How the ROP rider works

Case study with Vitality PLUS

Your clients choose a term duration of either 25 or 30 years (with the ROP rider), and pay a level premium throughout the entire term period

The policy earns cash value throughout the policy life cycle, based on the premiums paid

The policy's death benefit passes to the clients' beneficiary(ies) , generally income-tax free 5

At the end of the term period, up to 100% of premiums will be returned

Clients who exit their policy before the end of the level- term period will receive a percentage of premiums that will increase gradually over the term duration to a maximum of 100%

Specifications

Frequently Asked Questions

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John Hancock Vitality PLUS

Simple Term with Vitality Highlights

At John Hancock, we believe life insurance should help people live longer, healthier lives. That’s why we introduced John Hancock Vitality, an innovative life insurance solution that rewards people for living healthy. It's easy for your clients to achieve their health goals with John Hancock Vitality PLUS. It starts with simple activities like taking the stairs instead of the elevator, choosing a healthy snack or finding a few minutes to meditate each day. These small changes can make a big difference in their overall health.

The Return of Premium rider

John Hancock Vitality PLUS

Accumulate Vitality Points Your clients can earn Vitality Points for their everyday healthy activities.

Get rewarded with Vitality

Earn a Vitality Status Each year, the number of Vitality Points clients accumulate determines their Vitality Status (Bronze, Silver, Gold or Platinum). Clients must accumulate 3,500 points to earn Silver status, 7,000 points to earn Gold status and 10,000 points to earn Platinum status. Get rewarded The more your clients participate, the more points they earn, the higher their Vitality Status, and the greater their rewards and discounts.

Case study with Vitality PLUS

Specifications

Frequently Asked Questions

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Get rewarded with Vitality

Simple Term with Vitality Highlights

Reward

Bronze Status

Silver Status

Gold Status

Platinum Status

The Return of Premium rider

Premium cash back 6

0%

5% per year

10% per year

15% per year

Apple Watch 7 Complimentary fitness device* 12-month Amazon Prime membership 8

John Hancock Vitality PLUS

N/A

N/A

N/A

8

Fitness device discount * (Fitbit, Garmin ® , Polar ® )

25% to 40%

25% to 40%

25% to 40%

25% to 40%

Healthy gear discounts (REI) 9

15%

15%

15%

15%

Get rewarded with Vitality

Vitality HealthyFood TM benefit 10

10%

10%

10%

10%

Expedia.com discounts 11 (members can save up to $250 annually)

10%

15%

20%

25%

Vitality Squares

Chooses 1 square per month

Choose 2 squares per month

Choose 4 squares per month

Choose 6 squares per month

Case study with Vitality PLUS

Shopping and entertainment gift cards such as Amazon.com 12 , iTunes, and more on Vitality Squares and the Vitality Wheel Complimentary subscription to Headspace Complimentary subscription to Tufts Health & Nutrition Letter

Specifications

Complimentary subscription to Live More magazine Complimentary health check at Quest Diagnostic

Frequently Asked Questions

year 1 only

year 1 only

year 1 only

year 1 only

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*Clients can also get a complimentary Fitbit device instead of Apple Watch when they become a member. Or if they prefer a different wearable device, they can earn a 25%-40% discount on Polar, Garmin or another style of Fitbit. Discount based on device type.

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Case study with Vitality PLUS

Simple Term with Vitality Highlights

Meet Mateo, 30, a busy working dad who wants his family to be financially protected in the event something happens to him. At the same time, he strives to stay healthy so that he can enjoy quality time with his family for years to come. To help him achieve his financial and personal health goals, Mateo, a Standard risk class, purchased a 25-year Simple Term with Vitality policy that included the Return of Premium (ROP) rider, paying $167 a month for $250,000 of protection (or $2,008 annually). Take a look at how much he could save after a year of participating in the Vitality PLUS program.

The Return of Premium rider

John Hancock Vitality PLUS

Mateo cost vs. Vitality cash back & rewards

Get rewarded with Vitality

Mateo cash back, rewards & discounts

He saves

Received 15% premium cash back (by achieving Platinum Vitality status) 6

$302

Earned an Apple Watch 13 with exercise

$186

Case study with Vitality PLUS

Bought nutritious groceries throughout the year 10

$200

Received 25% off at Expedia.com for earning platinum status 14

$180

Chose Amazon gift card through Vitality app (other option was Starbucks)

$5

Specifications

Annual cost: $2,008

Total potential savings: $873

Frequently Asked Questions

With his policy, Mateo earned $302 in premium cash back as well as rewards and discounts through healthy living.

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Simple Term with Vitality specifications

Simple Term with Vitality Highlights

Product design

Level premium for 10-, 15-, 20-, 25- and 30-year term durations

Ownership

Individual (non-entity) with insurable interest. At policy issue, the owner of the policy must also be the insured. No trust or corporation ownership allowed

The Return of Premium rider

Issue ages

10-year 20 – 60 30-year 20 – 45 Renewability through age 94; must be a resident of the United States 15-year 20 – 60 20-year 20 – 55 25-year 20 – 50

Risk classes

Preferred Non-Tobacco, Standard Non-Tobacco, Standard Tobacco, Select Non-Tobacco, Select Tobacco

John Hancock Vitality PLUS

Minimum face amount

$25,000

Maximum face amount

$500,000 (per life)

Payment frequency

Issued with monthly premium payments only*

Get rewarded with Vitality

Monthly policy fee

$6

Face amount increases

Face amount increases not permitted

Face amount decreases

Years 1–3: No face amount reductions allowed during the first three policy years

Years 4+: Any reduction allowed, starting in year 4, as long as the remaining face amount is at least the contracted minimum face amount of $25,000

Case study with Vitality PLUS

Note: Decreases are processed only at the policy owner’s request

Return of Premium (ROP) rider

Provides a supplemental cash back benefit and provides a return of up to 100% of premiums paid during the level-term period • Available at the time of policy issue and cannot be added post issue • Preferred Non-Tobacco and Standard Non-Tobacco risk classes • Available for 25- and 30-year term durations • Rider premiums and benefits will cease after the level-term period • Premiums must be paid through the year in which the percent of the ROP grading scale is greater than zero • The return-of-premium benefit will be offered in a grading scale, which scales to a maximum of 100% at the end of the level-term period • Rider rates will be based on the insured’s issue age, length of the level-term period, risk class, gender and band

Specifications

Frequently Asked Questions

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*Insureds can switch to annualized payments post issue

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Specifications, continued

Simple Term with Vitality Highlights

Vitality program (Also referred to as the Healthy Engagement Benefit)

The Vitality Group, Inc. is the administrator of the John Hancock Vitality Program: • The Healthy Engagement Benefit determines the total premium refund received each year based upon the status achieved by the life insured, as shown: Bronze: 0%, Silver: 5%, Gold: 10%, Platinum: 15% • There are four Vitality Status levels; here are the point caps for each level: – Bronze 0 points – Silver 3,500 points – Gold 7,000 points – Platinum 10,000 points The insured can earn a maximum of 18,000 points annually by engaging in the program • The achievement of status is dependent upon the life insured meeting the total number of points required for each status • The discounts and rewards will be provided only to the life insured • The Vitality program will cease at the end of the term period Provides a “living benefit” if the insured is certified to be terminally ill with a life expectancy of one year or less. This provision allows the policy owner to receive 50% of the eligible death benefit. • Available to all issue ages • This benefit may be added at any time, regardless of current health, provided that the following conditions are met: – There must be a least one year remaining in the benefit period – The consent of the irrevocable beneficiary (if any) is required – The consent of the assignee (if any) is required • The death benefit is reduced by the rider benefit amount plus one year’s interest at current loan rates on the benefit paid, and an administrative- expense charge • Benefits may be taxable under current tax law. Policy owners should consult their personal tax advisors regarding the tax implications of benefits received under the accelerated benefit • There is no charge for this rider

The Return of Premium rider

John Hancock Vitality PLUS

Get rewarded with Vitality

Accelerated benefit

Case study with Vitality PLUS

Specifications

Frequently Asked Questions

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Frequently asked questions

Simple Term with Vitality Highlights

What is Simple Term with Vitality? • Simple Term with Vitality 1 is the only life insurance product that combines instant-decision 2 life insurance, a Return of Premium rider 3 offering rewards for healthy living through the John Hancock Vitality Program. • Simple Term with Vitality offers exceptional value, with a focus on providing a consumer-friendly experience Who is the ideal target customer for this product? This product is an ideal solution for consumers between ages 20 to 60 looking for up to $500K of cost-effective life insurance protection and who aspire to live healthier — or want to be rewarded for their healthy lifestyle. What is John Hancock Vitality PLUS? At John Hancock, we believe life insurance should help people live longer, healthier lives. That’s why we introduced John Hancock Vitality, an innovative life insurance solution that rewards people for their everyday healthy activities and choices. John Hancock Vitality PLUS is automatically included with your clients' life insurance policy — they simply need to register at JohnHancockVitality.com/activate and complete a brief online questionnaire to start earning points and rewards.

What is the Return of Premium rider? Clients who choose the optional ROP rider can receive cash back of up to 100% of premiums paid by the end of their level-term period (available for 25- and 30-year durations). In fact, even if your clients exit their policy before the end of the level-term period, the rider allows them to receive a portion of the cash back benefit. How does the customer apply for Simple Term with Vitality? You (as the agent) complete the application with each customer through the JHSimpleTerm.com website, which provides a premium-quoting tool and all relevant information. The entire process is digital and can be completed in minutes. How quickly does the customer receive the policy? Your clients receive an instant decision after the application is submitted: • You submit an electronic application consisting of pre-qualifying questions that take approximately 5-10 minutes to complete

• Once you submit the application at JHSimpleTerm. com, the policy will be either approved or declined in a matter of seconds • If approved, the customer will receive instructions via email on where to download the policy. Where do I go to quote a premium and access the application? The JHSimpleTerm.com is a website that provides a premium-quote tool and access to an electronic application (eApp). How does the Vitality PLUS cash-back reward work? 6 Your clients can earn premium cash back for healthy living. The total cash-back amount is based upon the achieved Vitality Status of the life insured, as shown below: • Bronze: 0%

The Return of Premium rider

John Hancock Vitality PLUS

Get rewarded with Vitality

Case study with Vitality PLUS

Specifications

• Silver: 5% • Gold: 10% • Platinum: 15%

Frequently Asked Questions

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Frequently Asked Questions, continued

Simple Term with Vitality Highlights

What is considered a Standard or Advanced Workout? Your clients’ monthly Apple Watch payments will be based on the number of Standard or Advanced Workouts they complete each month. The chart below details the many ways they can accomplish this:

How do my clients order their wearable device? Once your clients have registered on the Vitality member website, JohnHancockVitality.com\ activate, and completed the online Vitality Health Review (VHR), they will have the option to choose the wearable device that works best for them. How do clients earn the Apple Watch reward with Vitality PLUS? John Hancock is excited to offer Simple Term with Vitality policy owners the opportunity to earn Apple Watch (for an initial $25, plus tax) 7 . Here is a brief overview of how the Apple Watch program works. When your clients earn 500 Vitality Points from Standard and Advanced Workouts each month, they pay nothing for their Apple Watch. Otherwise, their payments will be based on the watch they choose and the number of points they earn.

The Return of Premium rider

Standard workout (20 Vitality points)

Advanced workout (30 Vitality points)

John Hancock Vitality PLUS

Active calories burned using Apple Watch

Personalized between 200 – 1,250

Personalized between 300 – 1,875

Steps using any supported device

10,000

15,000

Get rewarded with Vitality

Minimum calories burned using an approved Vitality device

200

300

Series 8 and Ultra

SE

Minutes of exercise @ 60% of max heart rate

Case study with Vitality PLUS

30

45

$15.50 $12.25 $7.00

$0

$9.25 $7.25 $4.25

$0

0 pts

240 pts 360 pts 500 pts

0 pts

240 pts 360 pts 500 pts

Verified gym visit

30 minutes

Not applicable

Specifications

Note: Points earned from Light Workouts cannot be applied toward Apple Watch payments. Clients can earn Vitality Points found in the John Hancock Vitality app: click the More tab, and then select Health app . They can also use the number of steps tracked or calories burned on any other supported device, exercise with a heart rate monitor, or log a verified gym visit to receive credit for a Standard or Advanced workout. For even more ways your clients can earn Vitality Points, please refer to our Earn Vitality Points for Healthy Living flyer .

Frequently Asked Questions

Contact us

Note: Monthly charges vary based on the number of Vitality Points your clients earn and the Apple Watch model they choose.

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Strength. Stability. John Hancock. John Hancock is among the highest-rated companies for financial strength and stability as demonstrated by its A+ rating from A.M. Best. 15 Financial strength ratings are a comprehensive measure of a company’s financial strength and stability, and are important as they reflect a life insurance company’s ability to pay claims in the future. With 160 years of experience, John Hancock offers customers a diverse range of insurance products and services through its extensive network of employees, agents, and distribution partners.

1. Insurance policies and/or associated riders and features may not be available in all states. Some riders may have additional fees and expenses associated with them. 2. Policy issuance is not guaranteed as any life insurance purchase is subject to completion of an application, including health questions, and underwriting approval. John Hancock may conduct a post-issue quality review to verify the accuracy of the information in the application received. This may include — but is not limited to — a request for medical records. A policy may be rescinded if the review of post-issue information reveals a material misrepresentation. 3. The Return of Premium (ROP) rider allows for a return of a portion of the premiums at the end of the level term period or earlier if the policy is terminated prior to that point. The ROP benefit will begin as early as the second policy anniversary and the percentage of premiums available to be returned increases gradually over the term duration to a maximum of 100% at the end of the level term period. The ROP Rider is only available for term durations 25 and 30 and only for Standard or Preferred non-tobacco risk classes. There is an additional cost for this rider. 4. Certain aspects of Aspire may change over time. There is no coordination between Aspire and any health benefits your clients may receive from an insurance policy, health plan, or any other wellness programs they may be enrolled in. The Onduo portion of Aspire is not available with Simple Term products. 5. Life insurance death benefit proceeds are generally excludable from the beneficiary’s gross income for income tax purposes. There are few exceptions such as when a life insurance policy has been transferred for valuable consideration. Comments on taxation are based on John Hancock’s understanding of current tax law, which is subject to change. No legal, tax or accounting advice can be given by John Hancock, its agents, employees or licensed agents. Prospective purchasers should consult their tax professional for details. 6. The amount of Vitality PLUS premium refund is based on several factors, including underwriting assessment, the terms of the policy and the level of the insured's participation in the John Hancock Vitality Program. 7. Apple Watch program is not available in Puerto Rico. Apple Watches ordered through John Hancock Vitality may not be shipped to addresses in Guam. Once you become a Vitality PLUS member and complete the Vitality Health Review (VHR), you can order Apple Watch by electronically signing, at checkout, a Retail Installment Agreement with the Vitality Group, for the retail price of the watch. After an initial payment of $25 plus tax, over the next two years monthly out-of-pocket payments are based on the number of Standard Workouts (10,000 to 14,999 steps) and Advanced Workouts (15,000 steps) or the applicable Active Calorie or heart rate thresholds. The step counts required for Standard and Advanced Workouts are reduced for members beginning at age 71+. One-time upgrade fees plus taxes apply if you choose (GPS + Cellular) versions of Apple Watch, larger watch case sizes, certain bands and case materials or Apple Watch Ultra. For more information, please visit JohnHancock.com. Apple is not a participant in or sponsor of this promotion. Apple Watch Ultra, Apple Watch Series 8, and Apple Watch SE require an iPhone 8 or later with iOS 16 or later. Apple Watch is a 9. REI is not affiliated with the John Hancock Vitality Program. REI does not sponsor, endorse or have any responsibility for this promotion. 10. HealthyFood savings are based on qualifying purchases and may vary based on the terms of the John Hancock Vitality Program. The HealthyFood program is currently not available in Guam. 11. Travel discounts are valid for 1 booking per program year. The amount of discount will vary based upon the Vitality Member’s Vitality status (Bronze, Silver, Gold, Platinum) and will only apply to the first $1000 of the booking cost. 12. For Amazon.com Gift Cards, restrictions apply, see Amazon.com/GC-legal. 13. After an initiation fee, the balance of the cost of Apple Watch Series 8 is spread out over 24 months. Stated savings for Apple Watch Series 8 is based on a $15.50 monthly rate, paying $0 per month, which is a $186 savings in year one with potential for an additional $186 savings in year two for a $372 total savings over two years. 14. Based on a two-night stay booked on Expedia.com at Crowne Plaza Key West-La Concha, Key West, FL, (August 2022), room rate $359 per night, excluding applicable taxes. registered trademark of Apple Inc. All rights reserved. 8. When you reach Platinum status three years in a row. 15. Second highest of 13 ratings (superior ability to meet ongoing insurance obligations). Financial strength rating is current as of December 31, 2022, is subject to change, and applies to John Hancock Life Insurance Company (U.S.A.) as a measure of the company’s financial ability to pay claims and to honor any guarantees provided by the contract and any applicable optional riders. The company has also received additional financial strength ratings from other rating agencies. Financial strength ratings are not an assessment, recommendation, or guarantee of specific products and their investment returns or value, do not apply to individual securities held in any portfolio or the practices of an insurance company, and do not apply to the safety and performance of separate accounts. For agent use only. Not for use with the public. To be eligible to earn rewards and discounts by participating in the Vitality program, the insured must register for Vitality and complete the Vitality Healthy Review (VHR). John Hancock Vitality Program rewards and discounts are available only to the person insured under the eligible life insurance policy. Rewards and discounts are subject to change and are not guaranteed to remain the same for the life of the policy. Insurance products issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116. MLI020123202-1

Simple Term with Vitality Highlights

The Return of Premium rider

John Hancock Vitality PLUS

Get rewarded with Vitality

Case study with Vitality PLUS

Specifications

Frequently Asked Questions

Contact us

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