Background

State laws require that policies issued and paid after December 31, 2008 must reflect the 2001 CSO Mortality Table in order to comply with the definition of life insurance. The transition period from the 1980 CSO Mortality Table to the 2001 CSO Mortality Table is ending on December 31, 2008.

1. What John Hancock products¹ are impacted? The following 1980 CSO Mortality Table products must be issued and paid by December 31, 2008. There will be no exceptions.

• Accumulation UL 2007
• Accumulation VUL 2006
• Corporate VUL 2005 (fullyunderwritten)
• Level Premium Estate Protection 98 (LPEP)
• Level Premium Whole Life (LP100)
• Modified Premium Whole Life (Mod Plus)
• Survivorship Term

2. What is the deadline for issuing products based on the 1980 CSO Mortality Table? Effective January 1, 2009 John Hancock will no longer issue products based on the 1980 CSO Mortality Table. All products we currently sell based on the 1980 CSO Mortality Table must be issued and paid by December 31, 2008. (Any of these products issued on December 29, 30 or 31 will have a Policy Year Date (PYD) and/or issue date of December 28, 2008.)

John Hancock's Life New Business and Underwriting organization has established certain mandatory deadlines to ensure the impacted products can be issued and paid by year end:

• November 28, 2008 - Life New Business must receive a signed illustration and an application or have issued a tentative underwriting offer
• December 12, 2008 -  Life New Business must have all final underwriting requirements
• December 19, 2008 - Life New Business must have issued a final underwriting offer and received issue requirements
• December 22, 2008 - At least the Minimum Initial Premium² to place the policy inforce is due regardless of funding source (including 1035 Exchanges)

1. Manulife Premier Whole Life 95, Level Plus and Corporate UL are currently available on a limited basis and cannot be issued after 2008. Please check with your John Hancock representative before offering these products.
2. For whole life products, an Initial Modal Premium is due (rather than the Minimum Initial Premium). For participating whole life products (LP100, Mod Plus, LPEP), lump sum PUI rider funds are due by December 22, 2008 in addition to the Initial Modal Premium. For Simplified Issue/Guaranteed Issue COLI, the dates are as follows: On 12/19/08, applications and final underwriting requirements are due. On 12/26/08, at least the Minimum Initial Premium is due on all policies, regardless of funding source (including 1035 exchanges).

Lif ew Business ansitioning to Lied on the 2001 CSO Mortality Table

3. In the case of a Single Premium and/or 1035 Exchange, what should you do if you think the funds from the old policy will not be received by December 22, 2008?

A policy must be issued and paid in order to qualify for the 1980 CSO Table rates. Therefore, we will require an outofpocket full Minimum Initial Premium to issue and pay the policy before December 31, 2008. Once the 1035 funds are received, the original minimum initial payment will not be refunded, unless th