This calculator is meant to provide a valuable starting point in helping you determine the value of your client’s business. This valuation, however, is not a substitute for a formal valuation nor does it establish a value for tax or underwriting purposes. A formal valuation should be obtained with the guidance of your client’s legal and/or tax advisors. The results from the various valuation methods used in this calculator are based primarily on information provided by the user. However, assumptions have been made regarding discount rate, capitalization rate and long-term growth of earnings. These assumptions do not take into consideration business industry risk or company risk specific to a certain business. Any variance in the information provided by the user or assumptions made could change these results.

This material does not constitute tax, legal or accounting advice and neither John Hancock nor any of its agents, employees or registered representatives are in the business of offering such advice. It was not intended or written for use and cannot be used by any taxpayer for the purpose of avoiding any IRS penalty. It was written to support the marketing of the transactions or topics it addresses. Anyone interested in these transactions or topics should seek advice based on his or her particular circumstances from independent professional advisors.

Insurance policies and/or associated riders and features may not be available in all states. Insurance products are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.

MLINY080213015