Document:

EXHIBIT 10.3
                               MARKETING AGREEMENT

This Marketing Agreement is made and entered into and effective as of January
18, 2001, by and between the parties as follows:

John Hancock Life Insurance Company ("Hancock"), a Massachusetts corporation,
and Legacy Marketing Group ("LMG"), a California corporation, based on the
following facts:

A.   Concurrently herewith, LMG and Hancock are entering into a certain
     Administrative Services Agreement pursuant to which certain insurance
     business is to be administered by LMG.

B.   The objective of this Agreement is to provide an arrangement to sell
     certain policies ("Policies") of Hancock as specified in APPENDIX A.

C.   Hancock desires to have LMG recruit, train, and appoint Wholesalers and
     Producers in the sale of certain Policies issued by Hancock as specified in
     APPENDIX A. Wholesalers and Producers are those licensed insurance agents
     contracted with LMG and appointed to sell Hancock products.

Based on the foregoing facts, LMG and Hancock ("the parties") agree as follows:

1.   DESIGNATION OF LMG AND SCOPE OF LMG'S AUTHORITY

     1.1  Hancock designates LMG to recruit, train, and appoint Wholesalers and
          Producers in the solicitation of the Policies in the geographic
          territory specified in APPENDIX A (the "Territory").

     1.2  LMG is designated by Hancock for the purpose of soliciting
          applications for and processing the Policies referenced in APPENDIX A
          and otherwise transacting the business of this Agreement. LMG accepts
          such designation and agrees to comply with all applicable laws and
          regulations, and to diligently devote itself to the business of this
          designation in order to support sales of the Policies referenced in
          APPENDIX A as well as help prevent the termination of such Policies
          through conservation procedures mutually agreed upon by Hancock and
          LMG.

     1.3  LMG shall cause each new Wholesaler and Producer to enter into
          Wholesaler and Producer Agreements in the form shown in APPENDIX C.
          Hancock will not be a party to the Wholesaler and Producer agreements
          and shall have no obligation or liability thereunder. If such
          Wholesaler or Producer Agreement is modified by LMG, LMG will provide
          Hancock with copies, within ten (10) business days of such
          modifications for the purpose of granting Hancock an opportunity to
          reject such modifications. LMG's modifications to the Wholesaler and
          Producer agreements will be deemed to have been ratified by Hancock
          absent its written objection, as hereafter required. Hancock will
          forward any objections to such modifications in writing to LMG within
          (10) business days of its notice. LMG shall file appointments of
          Wholesalers and Producers in the appropriate states' insurance
          departments and other jurisdictions. LMG will report weekly to Hancock
          a list of current appointments, adding new appointments and
          terminations from the list each week. Consideration for processing
          such appointments and terminations is provided for in the
          Administrative Services Agreement, executed concurrently herewith this
          Marketing Agreement.

     1.4  It is understood and agreed that LMG is an independent contractor and
          nothing herein shall be construed to create the relationship of
          employer or employee between Hancock and LMG or between Hancock and
          any officer, employee, Wholesaler, Producer or other associated person
          of LMG. Neither LMG nor any Wholesaler or Producer has authority to
          incur any liability on behalf of or to bind Hancock in any way or
          change its rights, duties, or obligations, except as may be set forth
          in the Administrative Services Agreement between Hancock and LMG,
          executed concurrently herewith.

     1.5  All Wholesalers and Producers who have been recruited and are
          appointed to sell the Policies referenced in APPENDIX A by LMG shall
          be identified by Hancock as Wholesalers and Producers of LMG as to
          such Policies. Any and all contracts entered into by and between such
          Wholesalers or Producers with respect to such Policies shall be coded
          by LMG onto its system and deemed Wholesalers and Producers of LMG.

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          Hancock may terminate Hancock's appointment of any Wholesaler or
          Producer, with cause, at its reasonable discretion, with prior written
          notice to LMG. Hancock may terminate Hancock's appointment of any
          Wholesaler or Producer, without cause, by mutual written agreement of
          LMG. Hancock may not otherwise terminate, recode, or otherwise disturb
          the relationship between LMG and its Wholesalers and Producers with
          respect the Polices without the prior written consent of LMG.

2.   RIGHTS AND OBLIGATIONS OF HANCOCK

     2.1  It is acknowledged by both Hancock and LMG that certain obligations of
          Hancock hereunder are to be performed by LMG as a servicing
          organization, pursuant to the Administrative Services Agreement
          between Hancock and LMG. This does not relieve Hancock of any of its
          duties and obligations unless the specific service is provided for in
          the Administrative Services Agreement, executed concurrently herewith,
          or in this Marketing Agreement, whereby LMG has explicitly
          acknowledged the responsibility of the service.

     2.2  APPENDIX B will provide for the compensation payable to LMG from
          Hancock. APPENDIX B will be amended to conform with each new product
          specification as it is developed and finalized. The marketing
          allowance and commissions may vary with the development of each new
          product. Such marketing allowance will be specifically provided for in
          APPENDIX B, or any subsequent amendments pertaining to new products.

     2.3  The commissions specified in APPENDIX B shall be modified whenever
          necessary to conform to the legal requirements of any state.
          Furthermore, Hancock reserves the right to withdraw its Policies from
          any state or other jurisdiction, with 60 days written notice to LMG,
          unless otherwise mutually agreed upon in writing, or unless mandated
          by any law, regulation, regulatory authority or court of law to do so
          sooner.

     2.4  Hancock shall have sole authority and responsibility for filing
          advertising materials, pertaining to the business underwritten by
          Hancock, with applicable regulatory authorities prior to approving
          their use by LMG. All costs associated with such filings will be the
          responsibility of Hancock, unless the parties agree otherwise in
          writing.

     2.5  (a) Agent Initial Appointment Fees--Unless mutually agreed upon in
          writing otherwise, Hancock shall be responsible for payment of LMG's
          Wholesaler and Producer resident initial appointment fees for such
          Wholesalers and Producers who have satisfied LMG's and Hancock's
          agreed upon selection and compliance criteria. Unless mutually agreed
          upon in writing otherwise, Hancock will be responsible for any
          Wholesaler and Producer non-resident initial appointment fees. Such
          non-resident appointment requirements will comply with Hancock's
          policies and procedures in effect as of the execution of this
          Agreement. If Hancock changes such policies and procedures, the
          responsibility for payment of such non-resident initial appointment
          fees will be mutually agreed in writing by both LMG and Hancock.

          (b) Agent Renewal Appointment Fees--Hancock will be responsible for
          payment of LMG's Wholesaler and Producer resident and non-resident
          renewal appointment fees for contracted Wholesalers and Producers.
          Such non-resident appointment requirements will comply with Hancock's
          policies and procedures in effect as of the execution of this
          Agreement. If Hancock changes such policies and procedures, the
          responsibility for payment of such non-resident renewal appointment
          fees will be mutually agreed in writing by both LMG and Hancock.

          (c) Agent Termination Fees--Hancock will be responsible for LMG's
          Wholesaler and Producer Appointment termination fees in the states
          which mandate such fees.

     2.6  Hancock shall provide LMG with prompt written notice of any change of
          authority of persons authorized and enumerated in APPENDIX D to
          provide LMG with instructions or directions relating to services to be
          performed by LMG under this Agreement. In the absence of timely notice
          and LMG relies to its detriment on instructions or directions from one
          who is no longer authorized but otherwise acting within the scope of
          his authority, Hancock will indemnify LMG for any loss or claim as a
          result of such reliance.

     2.7  It is understood between the parties that Hancock will have
          confidential information regarding LMG's Producers. Hancock expressly
          covenants and agrees that it will not, for any reason whatsoever,
          during the

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o CONFIDENTIAL INFORMATION HAS BEEN OMMITTED AND FILED SEPARATELY WITH THE SEC.

          term of this Agreement and o, intentionally, directly, or knowingly
          use such confidential information to take a systematic approach toward
          soliciting and/or recruiting such Producers of LMG. During the term of
          this Agreement, in the event that o is solicited by a o, o may
          contract with such o only on products offered by o that are not
          jointly developed with o. After termination of this Agreement, in the
          event that o is solicited by a o, o may contract with such o.

     2.8  Hancock shall pay all license or royalty fees for use of any
          intellectual property belonging to a third party that is utilized with
          any policies in APPENDIX A except to the extent of any intellectual
          property used by LMG in connection with performing its services
          pursuant to the Administrative Services Agreement between the parties
          or this Agreement. Notwithstanding the foregoing, in the event that
          this Agreement or the Administrative Services Agreements terminates
          and Hancock desires to process or perform any services for which LMG
          had previously been responsible, Hancock shall be required to obtain
          all licenses and pay any royalty fees on its own behalf to the extent
          Hancock wishes to use such intellectual property.Hancock shall be
          responsible for the cost of filing the policy forms with applicable
          regulatory authorities pertaining to the business underwritten by
          Hancock that are jointly developed with LMG. "Policy forms," shall
          include, but are not limited to, master policy forms, riders,
          endorsements, certificates, notices, disclosures or administartive
          forms. Notwithstanding the foregoing, LMG will assist in the drafting,
          completing, preparation of filing of such policy forms.

3.   RIGHTS AND OBLIGATIONS OF LMG

     3.1  At all times during the term of this Agreement, LMG (or the licensed
          individual who is acting on behalf of LMG in the capacity of an
          Officer in such states that do not permit the licensing of
          corporations) and all Wholesalers and Producers shall be properly
          licensed with each state or other jurisdiction and properly appointed
          with Hancock in each state or other jurisdiction within the Territory
          before engaging in any activity which under the laws of such state or
          other jurisdiction makes such licensing and appointment necessary.
          Without limiting the generality of the foregoing, LMG shall require
          all such Wholesalers and Producers to, at all times, bear the cost of
          maintaining all licenses required by any such state, it being
          understood that Hancock is not responsible for licensing fees or other
          costs of licensing.

     3.2  LMG will itself and will communicate to and cause each Wholesaler and
          Producer to use only forms, applications, advertising (as such term is
          generally defined by the regulation of the state or other jurisdiction
          in which Policies, referenced in APPENDIX A, are solicited), office
          procedures, guides and rules furnished, authorized or promulgated by
          Hancock and agreed to by both parties and in each state or other
          jurisdiction where any Wholesaler or Producer solicits Policies,
          referenced in APPENDIX A. No written advertising or sales materials of
          any kind, including sales illustrations, or recruiting material
          referencing the Policies, referenced in APPENDIX A, of Hancock shall
          be authorized by LMG until after it has been approved in writing by
          Hancock. LMG will provide such materials with sufficient lead-time to
          allow appropriate review by Hancock. Hancock will then use its best
          efforts to provide a timely response. A time period not to exceed ten
          (10) business days shall be deemed timely. No oral presentation of any
          kind shall be authorized by LMG that does not conform to applicable
          statutes and regulations or which does not accurately reflect the
          terms and conditions of the Policies, referenced in APPENDIX A, being
          sold. All recruiting practices of LMG shall comply with all applicable
          laws, ordinances, and regulations of the appropriate authorities.
          Hancock shall be responsible for the maintenance of the advertising
          files and logs, as mandated by applicable laws and regulations.

     3.3  LMG agrees to maintain the following insurance coverages:

          (a)  LMG will possess an adequate fidelity bond for any losses caused
               by the dishonesty of LMG's employees or agents (not Wholesalers
               or Producers) with limits of at least o. LMG will also maintain a
               surety bond(s) as so required in the states which it is compelled
               to do so. LMG will file such bond, if so required, with the
               appropriate agency. The bond shall be executed by a corporate
               insurer authorized to transact business in the states that
               mandate the maintenance of such bond.

          (b)  LMG will possess and maintain at all times errors and omissions
               coverage with a limit of not less than o written by an insurer
               with a minimum Best's rating of A-. Such coverage will comply
               with the requirements of the states in which such insurance
               coverage is required.

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o CONFIDENTIAL INFORMATION HAS BEEN OMMITTED AND FILED SEPARATELY WITH THE SEC.

          (c)  LMG will possess and maintain commercial, general and liability
               insurance with limits of not less than o per occurrence combined
               single limit.

          (d)  LMG will require its Wholesalers and Producers to maintain Errors
               and Omissions coverage with a limit of at least o per Wholesaler
               and Producer, or per occurrence.

     3.4  LMG may rely on instructions of any person indicated on Hancock's
          "Schedule of Authorized Personnel," when acting within the scope of
          their authority, attached hereto as APPENDIX D. Each of such persons
          is authorized to give instructions under this section with respect to
          any matter arising in connection with this Agreement.

     3.5  In the event a malfunction of the LMG systems, used in the offering
          and/or sale of Polices specified in APPENDIX A, causes an error or
          mistake in any record, report, data, information or output under the
          terms of this Agreement, LMG shall at its expense correct and
          reprocess such records in the most expeditious manner possible, with
          the understanding that time is of the essence. LMG will reimburse
          Hancock for any costs and/or expenses associated with such error or
          mistake. In the event Hancock discovers any such errors or mistake it
          shall, within three (3) business days after discovery, notify LMG in
          writing of such error or mistake in any record, report, data,
          information or output received by Hancock.

     3.6  LMG is responsible for the payment to Hancock of all monies, which LMG
          collects on behalf of Hancock. However, until Hancock receives all
          monies due, the same shall be a debt payable by the debtor upon demand
          for which Hancock may at its option offset with commissions otherwise
          due until such liability is satisfied. Any indebtedness to Hancock
          shall be a first lien against monies otherwise due under this
          Agreement.

     3.7  LMG, in performance of its marketing obligations and duties, will not
          itself, and will use its best efforts, to prevent Wholesalers or
          Producers appointed hereunder, in the performance of their obligations
          and duties hereunder, from any of the following:

          (a)  Enter into any agreement or incur any obligation on behalf of
               Hancock, except with Hancock's written permission, or commit
               Hancock to:
               (i)  pay any money to any such Wholesalers, Producer or employee,
                    or
               (ii) a date that a payment will be made.

          (b)  Assign this Agreement or any compensation, other than commissions
               payable to Wholesalers and Producers, payable under it without
               the prior written consent of Hancock.

          (c)  Solicit applications for Hancock in any manner prohibited by or
               inconsistent with the provisions of this Agreement or the rules
               and regulations mutually agreed by both parties, now or hereafter
               in force.

          (d)  With respect to any Policy,
               (i)  make any alterations, modifications or endorsements or
                    otherwise alter Hancock's obligations as stated in the
                    Policy, as referenced in APPENDIX A;
               (ii) collect or receive any premiums after the initial premium,
                    except as may be required in the Administrative Services
                    Agreement executed concurrently herewith, between Hancock
                    and LMG;
               (iii) adjust or settle any claim; except as provided for in the
                    Administrative Services Agreement, executed concurrently
                    herewith.

               (e)  Initiate any civil or criminal action or proceeding, whether
                    or not brought in the name of Hancock, which may in any way
                    involve or affect Hancock, its affiliates, their business,
                    operations, or any Policy, as referenced in APPENDIX A,
                    issued by Hancock. The foregoing shall not be construed as a
                    waiver of any other right or entitlement hereunder, at law
                    or in equity, that LMG may have to enforce its rights
                    arising out of this Agreement.

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               (f)  Use or authorize the use of any written, oral or visual
                    communication, circular, advertisement or other publication
                    except as follows:

                    LMG agrees that it will not place into use, or distribute to
                    any person, any advertising, sales material or other
                    document (including, without limitation, illustrations,
                    telephone scripts and training materials) referring directly
                    or indirectly to Hancock or its Policies, or cause,
                    authorize or permit any person to do so, without Hancock's
                    prior written consent. LMG agrees that it will not use the
                    name of Hancock on any business card, letterhead, website or
                    marquee or in any directory listing, or in any other manner,
                    or cause, authorize or permit any producer or other person
                    to do so, without Hancock's prior written consent. LMG
                    agrees that it will not, nor will LMG permit its Wholesalers
                    and/or Producers to misrepresent Hancock or its Policies, as
                    referenced in APPENDIX A, or make any oral or written
                    representation which is inconsistent with the terms of such
                    policies or sales literature or is misleading in any way, or
                    refer to any insurance company tending to bring it into
                    disrepute.

               (g)  Knowingly or willfully violate the insurance laws or
                    regulations of any regulatory authority of any State or any
                    other jurisdiction in which LMG represents Hancock.

               (h)  Embezzle or knowingly or willfully misapply funds of Hancock
                    or any other person or entity.

               (i)  Perpetrate any fraud against Hancock or any other person or
                    entity.

          3.8  LMG agrees that the compensation payable pursuant to Section 2.2
               shall be accepted by it as full compensation from Hancock for its
               marketing services hereunder, except as otherwise agreed by
               mutual written consent of LMG and Hancock.

          3.9  LMG will be solely responsible for any commissions to be paid to
               its Wholesalers or Producers, which are earned as a result of
               selling Hancock products through LMG, except as hereafter in
               Section 8 of this Agreement.

          3.10 LMG shall have no authority, nor shall it represent itself as
               having such authority, other than as specifically set forth in
               this Agreement. Without limiting the generality of the foregoing
               sentence, LMG specifically agrees that it will not do any of the
               following without the prior written consent of Hancock:

               (a)  Litigation: Institute, prosecute or defend any legal
                    proceedings in connection with any matter pertaining to the
                    offering and/or sale of the Policies identified in APPENDIX
                    A.

               (b)  Alterations: Waive, amend, modify, alter, terminate or
                    change any term, provision or condition stated in any Policy
                    Form or discharge any contract in the name of Hancock.
                    Notwithstanding the foregoing, LMG may waive, amend, modify,
                    alter, terminate or change any term, provision or condition
                    stated in any Policy Form or discharge any contract in the
                    name of Hancock in the resolution of complaints from
                    policyholders or regulatory authorities in accordance with
                    mutually acceptable written guidelines and procedures.

               (c)  Advice to Policyholders/Prospective Policyholders: Offer
                    tax, legal, or investment advice to any policyholder or
                    prospective policyholder of Hancock under any circumstances,
                    with respect to a Policy.

4.   ASSIGNMENT, MODIFICATION AND TERMINATION OF AGREEMENT

     4.1  Neither party may assign or delegate all or any part of its rights
          and/or duties under this Agreement without the written consent, as
          signed by one or more of the personnel shown on APPENDIX D, of the
          granting party.

     4.2  This Agreement may be modified or amended at any time by mutual
          agreement of the parties, provided the modification or amendment is in
          writing, signed by authorized personnel, as provided in APPENDIX D of
          this Agreement.

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     4.3  The termination of this Agreement is governed by the following
          provisions:

          (a)  LMG or Hancock may terminate this Agreement without cause by
               twelve (12) months written notice to the other, sent by mail.
               This Agreement may be terminated by mutual agreement of the
               parties in writing at any time. The terminating party shall
               provide fifteen (15) days written notice of termination or
               cancellation of this Agreement to the appropriate Departments of
               Insurance if and to the extent required by applicable law or
               regulation. LMG and Hancock shall fulfill any lawful obligations
               with respect to such policies affected by this Agreement,
               regardless of any dispute between LMG and Hancock.

          (b)  In the event that any state insurance department withdraws or
               cancels LMG's license (or the license of the individual who is
               acting on behalf of LMG in such states that do not permit the
               licensing of corporations), or right to sell or conduct its
               business, LMG will stop its marketing activity under this
               Agreement in that state and notify Hancock. Hancock may terminate
               the authority of LMG with regard to such affected Policies which
               termination of authority shall be effective immediately.

          (c)  Each party shall provide ninety (90) days prior written notice to
               the other of a request to revise the rates in APPENDIX B, or to
               revise the manner of payment or to change any of the other terms
               of this Agreement. The party receiving such notice must respond
               in writing to such request within sixty (60) days of receipt. No
               such change shall become effective unless and until it is agreed
               to in writing by both parties.

          (d)  If either of the parties hereto shall materially breach this
               Agreement or be materially in default in the performance of any
               of its duties and obligations hereunder (the defaulting party),
               the aggrieved party hereto may give written notice thereof to the
               defaulting party and if such default or breach shall not have
               been remedied within forty-five (45) days after such written
               notice is given, then the aggrieved party may terminate this
               Agreement by giving thirty (30) days written notice of such
               termination to the defaulting party. This Agreement shall
               terminate immediately upon expiry of the 30 day notice period.

          (e)  Either party may terminate this Agreement after providing 180
               days advance written notice of termination to the other party in
               the event that the actual production levels fall below expected
               levels, as determined by LMG and Hancock. This Agreement shall
               terminate immediately upon expiry of the 180 day notice period,
               unless the parties mutually agree otherwise in writing.

          (f)  Notwithstanding anything herein to the contrary, Hancock or LMG
               may immediately terminate this Agreement with cause, upon written
               notice to the other. Cause includes, without limitation, acts or
               omissions that constitute fraudulent, criminal or unethical
               activity or blatant disregard for the terms and conditions of
               this Agreement.

          (g)  Termination of this Agreement by default or breach by Hancock
               shall not constitute a waiver of any rights of LMG in reference
               to services performed prior to such termination; termination of
               this Agreement by default or breach by LMG shall not constitute a
               waiver by Hancock of any other rights it might have under this
               Agreement.

          (h)  Termination of this Agreement does not affect in any way the
               Administrative Services Agreement executed concurrently herewith.

5.   HOLD HARMLESS AND INDEMNIFICATION

     5.1  LMG shall indemnify and hold harmless Hancock from any and all claims,
          liability, costs and expenses, including reasonable attorneys' fees,
          arising out of LMG's negligent act(s) or omission(s); LMG's refusal to
          comply with the terms of this Agreement; LMG's failure to comply with
          any law or regulation with respect to its duties hereunder except that
          LMG shall not be required to indemnify or hold harmless Hancock for
          any act or omission of LMG which was directed orally or in writing by
          Hancock unless LMG knew that

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o CONFIDENTIAL INFORMATION HAS BEEN OMMITTED AND FILED SEPARATELY WITH THE SEC.

     5.2  such direction by Hancock was contrary to applicable law or regulation
          or was otherwise contrary to good business practices and LMG failed to
          advise Hancock.

     5.3  Hancock shall indemnify and hold harmless LMG from any and all claims,
          liability, costs and expenses, including reasonable attorneys' fees
          arising out of Hancock's negligent act(s) or omission(s); Hancock's
          refusal to comply with the terms of this Agreement; Hancock's failure
          to comply with any law or regulation with respect to the offering or
          sale of contracts, or the records maintained.

     5.3  Neither party shall be entitled to indemnification from the other
          party for any claim resulting from its own negligent act(s) or
          omission(s).

     5.4  If any claim is made by a party which would give rise to a right or
          indemnification under paragraph 5.1 the party entitled to
          indemnification (the "Indemnified Party") promptly will give notice of
          the claim to the party required to provide indemnification (the
          "Indemnifying Party"). The Indemnifying Party shall have the right, at
          its option and its own expense and by its own counsel, to participate
          in the defense of any such indemnified claim for which indemnification
          is provided by this Agreement. Notwithstanding the foregoing, the
          Indemnifying Party shall not have the right to control or represent
          the Indemnified Party in the defense of any claim.

6.   RIGHTS AND OBLIGATIONS OF BOTH PARTIES

     6.1  Each party agrees that it will not, knowingly or willingly, directly
          or indirectly, at any time during the term of this Agreement or within
          two (2) years thereafter, induce or attempt to induce any policyholder
          or contract holder of the other party to terminate, reduce coverage,
          or replace any Policy, as referenced in APPENDIX A, or otherwise
          disturb the relationship between the other party and any of its
          policyholders or contract holders.

     6.2  During the term of this Agreement, o agrees not to develop any
          proprietary products with any o without the express written approval
          of o since the termination of such Wholesaler or Producer in
          connection with this Agreement. o

     6.3  Any Agent for Hancock who desires to sell the Hancock--LMG proprietary
          products will need to contract with LMG to sell such product.

     6.4  Hancock and LMG agree to provide the other with ninety (90) days
          written notice of any intent to make significant changes or
          modifications to any contract or Policy form for products co-developed
          by Hancock and LMG except to the extent of any charge or modification
          that is necessary to conform to applicable law or regulation. Both
          parties will make best efforts to achieve a satisfactory resolution to
          the cause of the proposed changes and may also agree to extend the
          timeframe to implement such change if such change is pursued, unless
          otherwise mutually agreed upon in writing by LMG and Hancock.

     6.5  Each party shall be excused from performance for any period and to the
          extent that the party is prevented from performing any services, in
          whole or in part as a result of delays caused by an act of God, war,
          civil disturbance, court order, labor dispute, or other cause beyond
          that parties reasonable control, including failures or fluctuations in
          electrical power, heat, light, air conditioning, or telecommunications
          equipment and such non-performance shall not be a default or a ground
          for termination. Notwithstanding the above, LMG agrees that it will
          establish and maintain reasonable recovery steps, including technical
          disaster recovery facilities, uninterruptable power supplies for
          computer equipment and communications and that as a result thereof LMG
          will use its best efforts to ensure that the Computer System shall be
          operational within 48 hours of a performance failure. LMG's Rome,
          Georgia, and Petaluma, California, offices will provide for each
          others' off-premises site for storage of backup software for the
          operating systems and data files.

     6.6  LMG and Hancock shall each be liable for fifty-percent (50%) of the
          net debit balances (outstanding commission debit balances less any
          debit amounts recovered via collection efforts) incurred by
          Wholesalers and Producers that are mutually agreed in writing deemed
          to be uncollectible.

7.   PROPRIETARY AND CONFIDENTIAL INFORMATION

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o CONFIDENTIAL INFORMATION HAS BEEN OMMITTED AND FILED SEPARATELY WITH THE SEC.

     7.1  LMG acknowledges that certain information received from Hancock
          including, without limitation, information concerning Hancock
          customers or consumers, may be proprietary and/or confidential in
          nature. All such information shall be used by LMG solely for purposes
          of soliciting Policies pursuant to this Agreement or for providing
          services pursuant to the Administrative Services Agreement between the
          parties. LMG agrees to indemnify and hold Hancock harmless from any
          and all loss and expenses sustained by Hancock as a result of the
          unauthorized use of proprietary and/or confidential information by
          LMG.

     7.2  Hancock acknowledges that certain information received from LMG may be
          proprietary and/or confidential in nature. All such information shall
          be used by Hancock solely for purposes contemplated by, and in a
          manner that is consistent with, this Agreement or the Administrative
          Services Agreement between the parties. Hancock agrees to indemnify
          and hold LMG harmless from any and all loss and expenses sustained by
          LMG as a result of the unauthorized use of proprietary and/or
          confidential information by Hancock.

     7.3  LMG and Hancock shall each have in place reasonable security measures
          to safeguard the confidentiality of the other's proprietary and
          confidential information and the nonpublic information of consumers
          and customers in their possession.

8.   VESTING OF RENEWAL COMMISSIONS

     8.1  LMG, its successors, executors, assigns, or administrators are vested
          as to commissions provided in APPENDIX B, and shall continue to
          receive commissions on premiums on Policies received by Hancock for as
          long as the Policy remains in force.

     8.2  In the event of any dispute between LMG and Hancock, Hancock shall
          continue to pay to LMG any commissions due to any Wholesaler or
          Producer that were earned prior to such dispute except to the extent
          such commissions are disputed by Hancock. Furthermore, in the event of
          the termination of this Agreement, Hancock guarantees the commission
          payment due to Wholesalers and Producers to which they may have become
          entitled prior to the effective date of termination to the extent that
          Hancock has not previously remitted such commissions to LMG. Hancock
          shall either pay any outstanding commissions directly to the Producer
          or Wholesaler, or to LMG, who will remit such monies to the
          appropriate Producer or Wholesaler. Hancock will provide written
          notice to LMG of its election to pay such commissions directly to the
          Producers or Wholesalers or to LMG. Upon written notice, LMG will use
          its best efforts to provide Hancock with information concerning the
          Producer(s) and transaction(s) required to pay such commissions.

9.   NON-COMPETE PROVISION

     9.1  Hancock agrees that it will not, during the term of this Agreement and
          for a o after the termination of this Agreement, sell or market any
          insurance product with features or specifications that are
          substantially similar to those unique features in any proprietary
          product developed by LMG and Hancock, with any individual or entity
          other than LMG. LMG agrees that it will not, during the term of this
          Agreement and for a o after the termination of this Agreement, sell or
          market any insurance product whose features or specifications are
          substantially similar to those unique features in any proprietary
          product developed by LMG and Hancock. APPENDIX A shall identify all
          proprietary products with any unique feature.

     9.2  Notwithstanding the foregoing, in the event that o, and LMG has not
          satisfied the premium objective for such product as set forth in
          APPENDIX E, o may separately begin to sell and/or market the same or a
          substantially similar product.

10.  GENERAL PROVISIONS

     10.1 The parties agree this Agreement is an honorable undertaking, and
          agree to cooperate each with the other in carrying out its provisions.

                                       8

<PAGE>

     10.2 Each party will cause its employees to, and LMG will advise its
          Wholesalers and Producers to, upon receipt of any summons or other
          notice of suit or regulatory authority inquiry wherein the other party
          is named in any manner, forward any and all such documents within five
          (5) business days to the attention of the other party by facsimile,
          express or overnight mail, or courier.

     10.3 The waiver of any breach of any term, covenant or condition of this
          Agreement shall not be deemed a waiver of any subsequent breach of the
          same or any other term, covenant, or condition. No term, covenant, or
          condition of this Agreement shall be deemed to have been waived unless
          such waiver is in writing signed by the party charged therewith.

     10.4 For any notice under this Agreement, notice shall be sufficient and
          effective five (5) business days after deposit in the U.S. Mail,
          postage prepaid, return receipt requested, or upon receipt if
          delivered personally or by fax or facsimile or by a delivery service.
          Such notice shall be directed as follows:

<TABLE>
<S>                                                   <C>
To LMG:  Legacy Marketing Group                         To Hancock:       John Hancock Life Insurance Company
                  Preston Pitts, President                                Bruce Jones, Vice President
                  2090 Marina Avenue                                      200 Clarendon Street
                  Petaluma, California 94954                              Boston, Massachusetts 02117

                                                        With copy to:     John Hancock Life Insurance Company
With copy to:     Stokes Lazarus & Carmichael LLP                         Marylou Gill Fierro, Senior Counsel
                  80 Peachtree Park Drive                                 200 Clarendon Street
                  Atlanta, Georgia  30309                                 Boston, Massachusetts 02117

</TABLE>

     10.5 To the extent that the rules and regulations do not conflict with the
          terms of this Agreement, LMG and Hancock will conform to the rules and
          regulations as mutually agreed upon by LMG and Hancock. This provision
          shall not be construed to alter the relationship of the parties as
          provided above.

     10.6 Each party expressly represents and warrants that it has the authority
          to enter into this Agreement and that it is not or will not be, by
          virtue of entering into this Agreement or otherwise, in breach of any
          other agreement with any other insurance company, association, firm,
          person or corporation. Each party warrants that the other party will
          be free from interference or disturbance in its use of all products,
          advertising, marketing techniques and all information provided by the
          originating party.

     10.7 This Agreement shall be binding upon the successor and assignees of
          Hancock as well as upon LMG's successor and permissive assignees.

     10.8 The persons signing this Agreement on behalf of Hancock and LMG
          warrant, covenant and represent that they are authorized to execute
          this document on behalf of such corporations pursuant to their bylaws
          or a resolution of their board of directors or other authority.

     10.9 This Agreement, including APPENDICES A, B, C, D and E attached and the
          provisions thereof, constitute the entire agreement between the
          parties. This Agreement shall be governed and construed in accordance
          with the laws of the State of California. Any similar agreement signed
          prior to the execution dates below is null and void and abrogated
          hereby. No change, waiver, or discharge shall be valid unless in
          writing and signed by an authorized representative of the party
          against whom such change, waiver, or discharge is sought to be
          enforced. No delay or omission by either party to exercise any right
          or power shall impair such right or power or be construed as a waiver.
          A waiver by either of the parties of any of the covenants to be
          performed by the other or any breach shall not be construed to be a
          waiver of any succeeding breach or of any other covenant.

     10.10 LMG shall provide reasonable access during normal business hours to
          any location from which LMG conducts its business and provides
          services to Hancock pursuant to this Agreement to auditors designated
          in writing by Hancock for the purpose of performing audits for
          Hancock. Hancock shall give reasonable advance written notice of an
          audit and include in that notice the matters, which it will audit. LMG
          shall

                                       9

<PAGE>

          provide the auditors any assistance they may reasonably require. Such
          auditors shall have the right during normal business hours to audit
          any business record, activity, procedure, or operation of LMG that is
          reasonably related to the business marketed under this Agreement,
          including the right to interview any LMG personnel involved in
          providing or supporting such responsibilities.

          LMG will comply with all the relevant provisions contained in
          applicable state and federal codes or statutes. If any provision of
          this Agreement is in conflict with applicable laws or regulations,
          such provision will be deemed to be amended to conform with such laws.
          Further, if the laws of the State that governs this Agreement require
          the inclusion of certain provisions of relevant statutes, this
          contract shall be deemed to be amended to conform with such laws.

     10.11 LMG and Hancock agree to inform the other of any changes in its legal
          structure, and of any material changes in its officers or partners
          listed in APPENDIX D.

     10.12 Hancock shall be responsible for researching, obtaining, and the
          registration of any service marks issued by the U.S. Patent and
          Trademark Office for use with the products jointly developed by LMG
          and Hancock, and any costs associated therewith, and Hancock shall own
          all such rights. Hancock grants to LMG a gratuitous license for the
          use of such marks on LMG and Hancock proprietary products.
          Notwithstanding the foregoing, LMG may register and own its own marks
          that may be used by LMG to market products jointly developed by LMG
          and Hancock that are underwritten by Hancock. Further, LMG grants to
          Hancock a gratuitous license for the use of its marks on LMG and
          Hancock proprietary products. Each party will not use the other's
          Service Marks, Trademarks and Tradenames, or the name of any affiliate
          of the other in any way or manner not specifically authorized in
          writing by the other.

     10.13 In no event and under no circumstances, however, shall either party
          under this Agreement be liable to the other party under any provision
          of this Agreement for lost profits or for exemplary, speculative,
          special, consequential punitive damages.

     10.14 Any claim or dispute arising out of or relating to this Agreement, or
          any claimed breach thereof, or arising out of or relating to the
          relationship between the parties shall be settled by arbitration
          administered by the American Arbitration Association, in San
          Francisco, California, under its Commercial Arbitration Rules and the
          judgment on the award rendered by the arbitrator may be entered in any
          court having jurisdiction.

     10.15 If any clause, paragraph, term or provision of this Agreement shall
          be found to be void or unenforceable by any court of competent
          jurisdiction, such clause, paragraph, term or provision shall be
          severed from the Agreement, and such findings shall not affect the
          remainder of this Agreement.

     10.16 Survival: Sections 2.7, 5, 6.1, 6.2, 8, 9, 10.14 and 10.15 shall
          survive the termination of this Agreement.

               {Remainder of this page intentionally left blank.}

                                       10

<PAGE>

In witness whereof, the parties here to have executed this Agreement to take
effect on the effective date specified.

LEGACY MARKETING GROUP

By:     /s/ Don J. Dady
        ----------------

Title:  V.P. Product Development
        ------------------------

Date:  January 18, 2001
       ----------------

John Hancock Life Insurance Company

By:     /s/ Bruce M. Jones
        ------------------

Title:  Vice President
        --------------

Date:   January 18, 2001
        ----------------

                                       11

<PAGE>

                                   APPENDIX A

                              GEOGRAPHIC TERRITORY:

             The District of Columbia and all states except Alabama

                                  POLICY FORMS

      (To be incorporated upon completion of final product specifications.)

                                       12

<PAGE>

                                   APPENDIX B

COMMISSION AND MARKETING ALLOWANCE FEES

COMMISSION

OVERRIDE COMMISSION

MARKETING ALLOWANCE

LMG TRAIL COMMISSION

      (To be incorporated upon completion of final product specifications.)

                                       13

<PAGE>

                                   APPENDIX C

        WHOLESALER AND PRODUCER AGREEMENTS AND/OR APPROPRIATE AMENDMENTS

                                       14

<PAGE>

                                   APPENDIX D

                        SCHEDULE OF AUTHORIZED PERSONNEL

                              Representing Hancock

Michele Van Leer, Senior Vice President
Bruce Jones, Vice President

                                Representing LMG

Lynn Stafford                   Chief Information Officer
Gregg Egger                     Chief Officer of Strategic Development
Steve Taylor                    Chief Financial Officer
Lynda Regan                     Chief Executive Officer
Bill Hrabik                     Chief Operations Officer
Don Dady                        Vice President of Product Development
Niju Vaswani                    Vice President of Distribution
Greg Carney                     Officer of Special Markets

                                       15

<PAGE>

                                   APPENDIX E

                               Premium Level Goals

      (To be incorporated upon completion of final product specifications.)

                                       16EXHIBIT 10.4

                        ADMINISTRATIVE SERVICES AGREEMENT

This Administrative Services Agreement ("Agreement") is entered into and
effective as January 18, 2001 between John Hancock Life Insurance Company
("Hancock"), a Massachusetts corporation, and Legacy Marketing Group ("LMG"), a
California corporation, with reference to the following facts:

A.   Concurrently herewith Hancock and LMG are entering into a certain Marketing
     Agreement pursuant to which certain insurance business is to be marketed by
     LMG.

B.   That Hancock desires to have LMG provide services to Hancock with respect
     to this business and LMG is willing to provide such services, subject to
     the terms and conditions of this Agreement.

Based on the foregoing facts, LMG and Hancock agree as follows:

1.   SERVICES

     1.1  From and after the date of this Agreement, LMG agrees to perform
          certain Hancock accounting and service functions. Such accounting and
          service functions shall consist of the activities described in
          APPENDIX C, but only for the Policies recited in APPENDIX A.
          Consideration for such accounting and service functions is set forth
          in APPENDIX B.

     1.2  LMG may provide additional services for Hancock that are not specified
          in APPENDIX C. Consideration and other terms for such additional
          services will be agreed to by LMG and Hancock in writing prior to
          LMG's performance of such services.

2.   RIGHTS AND OBLIGATIONS OF HANCOCK

     2.1  Hancock has the sole obligation to its customers to provide for
          competent administration of the policies administered by LMG. Hancock
          hereby delegates to LMG certain duties as specified herein.

     2.2  Hancock shall be responsible for researching, obtaining, and the
          registration of any service marks issued by the U.S. Patent and
          Trademark Office for use with the products jointly developed by LMG
          and Hancock, and any costs associated therewith, and Hancock shall own
          all such rights. Hancock grants to LMG a gratuitous license for the
          use of such marks on LMG and Hancock proprietary products. Hancock
          will not use LMG's Service Marks, Trademarks and Tradenames or the
          name of any affiliate of LMG in any way or manner not specifically
          authorized in writing by LMG. Notwithstanding the foregoing, LMG may
          register and own its own marks that may be used by LMG to market
          products jointly developed by LMG and Hancock that are underwritten by
          Hancock.

     2.3  With respect to claims that LMG is authorized to pay on behalf of
          Hancock, Hancock shall be responsible for any and all costs of
          litigation associated with the payment of such claims. Hancock shall
          have the sole discretion whether to litigate a claim. These expenses
          shall include, but are not limited to, counsel fees and court fees.
          Notwithstanding the foregoing, Hancock shall not be responsible for
          any costs or expenses that arise out of any bad faith, gross
          misconduct or fraud on LMG's part.

     2.4  Hancock shall have sole responsibility for filing advertising
          materials in those states that so require prior to approving their use
          by LMG. All costs associated with such filings will be the
          responsibility of Hancock.

     2.5  Hancock shall be responsible for the establishment and maintenance of
          any group trusts associated with such group product filings and any
          costs associated therewith.

     2.6  Hancock shall be responsible for the processing of payments under the
          election of a settlement option by the beneficiary or owner. LMG's
          responsibilities as they relate to this function are detailed in
          APPENDIX C, Policyholder Services, Section 2. Hancock will supply LMG
          with software to calculate estimated settlement option payments.
          Notwithstanding the foregoing, this provision shall not preclude LMG
          from processing such in the future.

                                       1

<PAGE>

o CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SEC.

     2.7  Hancock shall be responsible for determining the benefits and claims
          payment procedures applicable to such coverage, if any.

     2.8  Hancock shall, at least semiannually, conduct a review of operations
          of LMG. At least one such review will be an on-site audit of the
          operations of LMG.

     2.9  Currently, LMG does not perform medical underwriting for Hancock,
          however, if granted such authority, LMG will comply with all
          underwriting standards established by Hancock and adhere to all
          pertinent provisions contained in applicable Third Party Administrator
          statutes. Hancock shall be responsible for the underwriting or other
          standards pertaining to the business underwritten by Hancock.

     2.10 LMG shall have no authority, nor shall it represent itself as having
          such authority, other than as specifically set forth in this
          Agreement. Without limiting the generality of the foregoing sentence,
          LMG specifically agrees that it will not do any of the following
          without the prior written consent of Hancock:

          (a)  Litigation: Institute, prosecute or defend any legal proceedings
               in connection with any matter pertaining to the Services provided
               pursuant to this Agreement or Hancock's business.

          (b)  Alterations: Waive, amend, modify, alter, terminate or change any
               term, provision or condition stated in any Policy Form or
               discharge any contract in the name of Hancock, except as
               otherwise specifically provided in this Agreement, such policy
               forms or as a result of a complaint resolution in accordance with
               mutually acceptable written guidelines and procedures.

          (c)  Advice to Policyholders/Prospective Policyholders: Offer tax,
               legal, or investment advice to any Policyholder or prospective
               Policyholder of Hancock under any circumstances, with respect to
               a Policy or the Services provided pursuant to this Agreement.

     2.11 Hancock shall provide LMG with written notice of any change of
          authority of persons authorized and enumerated in APPENDIX D to
          provide LMG with instructions or directions relating to services to be
          performed by LMG under this Agreement. In the absence of timely notice
          and LMG relies to its detriment on instructions or directions from one
          who is no longer authorized, Hancock will indemnify LMG for any loss
          or claim as a result of such reliance.

3.   RIGHTS AND OBLIGATIONS OF LMG

     3.1  LMG agrees to maintain the following insurance coverages:

          (a)  LMG will possess an adequate fidelity bond for any losses caused
               by the dishonesty of LMG's employees or agents (not Wholesalers
               or Producers) with limits of at least o. LMG will also maintain
               adequate surety bond(s) as so required in the states which it is
               compelled to do so. LMG will file such bond, if so required, with
               the appropriate agency. The bond shall be executed by a corporate
               insurer authorized to transact business in the states which
               mandate the maintenance of such bond.

          (b)  LMG will possess and maintain at all times errors and omissions
               coverage with a limit of not less than o written by an insurer
               with a minimum Best's rating of A-. Such coverage will comply
               with the requirements of the states in which such insurance
               coverage is required.

          (c)  LMG will possess and maintain commercial, general and liability
               insurance with limits of not less than o per occurrence combined
               single limit.

          (d)  LMG will require its Wholesalers and Producers to maintain Errors
               and Omissions coverage per Wholesaler or Producer, or per
               occurrence, or through LMG's exclusive coverage with a limit of
               not less than o, which is offered on a per contract sold basis.

     3.2  In the event malfunction of the LMG systems causes an error or mistake
          in any record, report, data, information or output under the terms of
          this Agreement, LMG shall at its expense correct and reprocess

                                       2

<PAGE>

          such records. LMG will reimburse Hancock for any costs and/or expenses
          associated with such error or mistake. In the event Hancock discovers
          any such errors or mistake it shall, within three (3) business days
          after discovery, notify LMG in writing of such error or mistake in any
          record, report, data, information or output received by Hancock.

     3.3  LMG shall respond to all correspondence of a routine nature and other
          general functions necessary for satisfactory administration of the
          Policies referenced in APPENDIX A. LMG shall maintain complaint files
          and complaint logs to comply with applicable laws and regulations. LMG
          shall use its best efforts to comply with the service standards
          attached hereto as APPENDIX E. Notwithstanding the foregoing, Hancock
          retains the ultimate responsibility for the filing of such complaint
          logs or files with the appropriate regulatory agencies.

          If LMG receives:

          (a)  notice of the commencement of any legal proceeding involving any
               of Hancock's customers; or

          (b)  a communication from any insurance department, other
               administrative agency or any other person identifying a complaint
               by any Hancock customer or calling a hearing involving any
               Hancock practice; or

          (c)  written complaints regarding Hancock Policies referenced in
               APPENDIX A from customers of Hancock (oral complaints are
               directed to make such complaint in writing and therefore will be
               handled in accordance with such written complaint handling
               procedures); or

          (d)  a demand or request by any court, government agency or regulatory
               body to examine any of the books and records of Hancock relating
               to Policies or services; or

          (e)  LMG will notify Hancock within two (2) business days of such
               receipt. LMG will send copies of any necessary documentation to
               Hancock within three (3) business days or sooner if reasonably
               requested by Hancock, and will cooperate with and assist Hancock
               in responding to such document . Notwithstanding the foregoing,
               written guidelines and procedures for such assistance will be
               established by mutual agreement of LMG and Hancock.

     3.4  LMG will maintain a file containing any correspondence relating to
          complaints received from Hancock customers and/or government agency or
          regulatory body for a period of seven (7) years from receipt of the
          complaint letter. Hancock will respond to summons and complaints
          commencing legal actions on its own behalf. Hancock will also be
          responsible for the costs associated with responding to such summons
          and complaints commencing legal action on its own behalf.

     3.5  LMG will provide a written notice, approved in writing by Hancock, to
          policyholders advising them of the identity of Hancock and LMG, and
          the relationship between LMG, the policyholder and Hancock.

     3.6  LMG will only use advertising pertaining to the business underwritten
          by Hancock that Hancock has approved in writing in advance of its use.
          If so required, Hancock shall obtain the prior approval of the
          appropriate Department of Insurance before approving advertising for
          use by LMG. Hancock will also be responsible for all costs associated
          with obtaining such approval.

     3.7  LMG is responsible for system modification costs for initial new
          product development. LMG is not responsible for the costs associated
          for other modifications that are not necessary to the normal course of
          business. "New product development" will be defined and agreed on
          prior to development. Hancock will reimburse LMG for any system
          modification costs requested that are beyond those necessary to the
          normal course of business at its standard rates illustrated in
          APPENDIX B.

                                       3

<PAGE>

     3.8  LMG will comply with all of the relevant provisions contained in
          applicable Third Party Administrator statutes including, without
          limitation, applicable licensing or authorization requirements. LMG is
          licensed or otherwise authorized as a third party administrator in all
          states which require such licenses or authorizations. If any provision
          of this Agreement is in conflict with the laws of the State which
          governs this agreement, such provision will be deemed to be amended to
          conform with such laws. Further, if the laws of the State which
          governs this Agreement require the inclusion of certain provisions of
          relevant statutes, this Agreement shall be deemed to be amended to
          conform with such laws.

     3.9  LMG grants to Hancock a gratuitous license for the use of its marks on
          LMG and Hancock proprietary products. LMG will not use Hancock's
          Service Marks, Trademarks and Tradenames, or the name of any affiliate
          of the other in any way or manner not specifically authorized in
          writing by the other.

4.   QUALITY AND LIMITATION OF SERVICES

     4.1  All services to be provided by LMG under this Agreement shall be
          performed in accordance with the policies and procedures mutually
          agreed to by both parties, industry standards, good faith efforts to
          comply with the service standards attached hereto as APPENDIX E and in
          accordance with all applicable laws and regulations. Hancock and LMG
          will use their best efforts to agree to and document within 60 days of
          execution of this Agreement the policies and procedures for all such
          services to be provided by LMG on behalf of Hancock.

5.   HOLD HARMLESS AND INDEMNIFICATION

     5.1  LMG shall indemnify and hold harmless Hancock from any and all claims,
          liability, costs and expenses, including reasonable attorneys' fees,
          arising out of LMG's negligent act(s) or omission(s); LMG's refusal to
          comply with the terms of this Agreement; LMG's failure to comply with
          any law or regulation with respect to its duties hereunder except that
          LMG shall not be required to indemnify or hold harmless Hancock for
          any act or omission of LMG which was directed orally or in writing by
          Hancock unless LMG knew that such direction by Hancock was contrary to
          applicable law or regulation or was otherwise contrary to good
          business practices and LMG failed to advise Hancock.

     5.2  Hancock shall indemnify and hold harmless LMG from any and all claims,
          liability, costs and expenses, including reasonable attorneys' fees,
          arising out of Hancock's negligent act(s) or omission(s); Hancock's
          refusal to comply with the terms of this Agreement; Hancock's failure
          to comply with any law or regulation with respect to the offering or
          sale of contracts, or the records maintained.

     5.3  Neither party shall be entitled to indemnification from the other
          party for any claim resulting from its own negligent act(s) or
          omission(s).

     5.4  If any claim is made by a party which would give rise to a right or
          indemnification under paragraph 5.1 the party entitled to
          indemnification (the "Indemnified Party") promptly will give notice of
          the claim to the party required to provide indemnification (the
          "Indemnifying Party"). The Indemnifying Party shall have the right, at
          its option and its own expense and by its own counsel, to participate
          in the defense of any such indemnified claim for which indemnification
          is provided by this Agreement. Notwithstanding the foregoing, the
          Indemnifying Party shall not have the right to control or represent
          the Indemnified Party in the defense of any claim.

6.   ASSIGNMENT, MODIFICATION AND TERMINATION OF AGREEMENT

     6.1  Neither party may assign or delegate all or any part of its rights
          and/or duties under this Agreement without the written consent, as
          signed by one or more of the personnel shown on APPENDIX D, of the
          granting party.

     6.2  This Agreement may be modified or amended at anytime by mutual
          agreement of the parties, provided the modification or amendment is in
          writing, by one or more of the personnel shown on APPENDIX D or by any
          other authorized officer of such party. APPENDIX D may be modified by
          a party by notice to the other party, signed by an authorized officer
          of such party.

                                       4

<PAGE>

6.3  The termination of this Agreement is governed by the following provisions:

     (a)  LMG or Hancock may terminate this Agreement without cause by twelve
          (12) months written notice to the other. This Agreement may be
          terminated by mutual agreement of the parties in writing at any time.

     (b)  LMG shall provide Hancock ninety (90) days written notice if LMG
          desires to increase its fees or charges to Hancock or to change the
          manner of payment or to change any of the other terms and conditions
          of this Agreement. Hancock must respond to such request within sixty
          (60) days of receipt. Processing fees, systems time and material rates
          may be increased annually.

     (c)  If either of the parties hereto shall materially breach this Agreement
          or be materially in default in the performance of any of its duties
          and obligations hereunder (the defaulting party), the aggrieved party
          hereto may give written notice thereof to the defaulting party and if
          such default or breach shall not have been remedied within forty-five
          (45) days after such written notice is given, then the aggrieved party
          may terminate this Agreement by giving thirty (30) days written notice
          of such termination to the defaulting party. This Agreement shall
          terminate immediately upon expiry of the 30 day notice period.

     (d)  Notwithstanding anything herein to the contrary, Hancock or LMG may
          immediately terminate this Agreement with cause, upon written notice
          to the other. Cause includes, without limitation, acts or omissions
          that constitute fraudulent, criminal or unethical activity or blatant
          disregard for the terms and conditions of this Agreement.

     (e)  Termination of this Agreement by default or breach by Hancock shall
          not constitute a waiver of any rights of LMG in reference to services
          performed prior to such termination; termination of this Agreement by
          default or breach by LMG shall not constitute a waiver by Hancock of
          any other rights it might have under this Agreement.

     (f)  In the event that this Agreement is terminated, LMG agrees that, in
          order to assist in providing uninterrupted service to Hancock, LMG
          shall offer reasonable analysis and programming assistance to Hancock
          in converting the records of Hancock from the LMG system to whatever
          service or system is selected by Hancock, subject to reimbursement to
          LMG for such assistance at its standard rates as illustrated in
          APPENDIX B.

     (g)  In the event that this Agreement terminates for any reason other than
          by mutual written agreement, as provided for above in Section 6.3(a),
          LMG and Hancock agree that LMG, at Hancock's option, will continue to
          provide the administrative services on behalf of Hancock, as set forth
          in this Agreement, for up to one year from the date of such
          termination.

     (h)  In the event either party becomes or is declared insolvent or
          bankrupt, is the subject of any proceedings relating to its
          liquidation, insolvency or for the appointment of a receiver or
          similar officer for it, makes an assignment for the benefit of all or
          substantially all of its creditors, or enters into an agreement for
          the continuation, extension, or readjustment of all or substantially
          all of its obligations, other than those agreements entered into as
          part of LMG's normal course of business, the other party may
          immediately terminate this Agreement for cause.

     (i)  Hancock shall provide fifteen (15) days written notice of termination,
          modification or cancellation of this Agreement to the appropriate
          Departments of Insurance if and to the extent required by applicable
          law or regulation. Hancock shall fulfill any lawful obligations with
          respect to the Policies referenced by APPENDIX A of this Agreement,
          regardless of any dispute between LMG and Hancock.

     (j)  Termination of this Agreement does not affect in any way the Marketing
          Agreement, executed concurrently herewith.

                                       5

<PAGE>

o CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SEC.

7.   RECORDS MAINTENANCE AND CONFIDENTIALITY

     7.1  This Agreement shall be retained as a part of the official record of
          both LMG and Hancock for the duration of this Agreement and for seven
          years after the termination of this Agreement.

     7.2  LMG will maintain complete books and records of all transactions
          between LMG, Hancock and its policyholders. LMG will preserve detailed
          and adequate books and records of all administered transactions, among
          LMG, Hancock and its policyholders, sufficient to permit the insurer
          to fulfill all of its contractual obligations to insured persons.
          These books and records shall be maintained in accordance with prudent
          standards generally accepted in business record keeping. LMG will
          maintain Hancock's records intact and separate and apart from the
          records of any other carrier. The documentation will contain all
          pertinent documents in sufficient detail to identify the relevant
          dates, events, and persons participating in those insurance events.
          LMG will maintain complete records of all transactions taken pursuant
          to its Third Party Administrator license. The books and records shall
          be maintained throughout this Agreement and for ten years after the
          transaction to which they respectively relate.

     7.3  Hancock shall own the records generated by LMG pertaining to Hancock;
          however, LMG shall retain the right to continuing access to records to
          permit LMG to fulfill all of its contractual obligations. Hancock and
          LMG shall have continuing right to access and copy all accounts and
          records maintained by LMG related to Hancock's business. Any
          appropriately authorized governmental agency shall have access to all
          books, bank accounts and records of LMG and Hancock for the purpose of
          examination, inspection and audit. All information contained in the
          aforementioned books and records, including the identity and addresses
          of policyholders shall be kept confidential, except that such
          information may be used in proceedings instituted against LMG or
          Hancock.

     7.4  In the event that LMG and Hancock cancel this Agreement, LMG may, by
          written agreement with Hancock, transfer all records to Hancock or the
          successor administrator rather than retain them for the period
          referenced in Section 7.2. If LMG transfers the records to a successor
          administrator or to Hancock, LMG is no longer responsible for
          retaining such records. The successor third party administrator shall
          acknowledge in writing in its agreement with Hancock, or Hancock
          itself shall acknowledge in writing, that it is responsible for
          retaining the records for which LMG had previously been responsible.

     7.5  LMG will be given on-line access during Hancock's normal business
          hours to Hancock's producer/agent database for the purpose of
          inquiring on such system prior to LMG processing agent appointments.
          Such access will continue until such time as LMG ceases to process
          agent appointments for Hancock.

     7.6  LMG acknowledges that certain information received from Hancock
          including, without limitation, information concerning Hancock
          customers or consumers, may be proprietary and/or confidential in
          nature. All such information shall be used by LMG solely for purposes
          of providing services pursuant to the Administrative Services
          Agreement between the parties. LMG agrees to indemnify and hold
          Hancock harmless from any and all loss and expenses sustained by
          Hancock as a result of the unauthorized use of proprietary and/or
          confidential information by LMG, or its Wholesalers or Producers.

     7.7  Hancock acknowledges that certain information received from LMG may be
          proprietary and/or confidential in nature. All such information shall
          be used by Hancock solely for purposes contemplated by, and in a
          manner that is consistent with, this Agreement or the Marketing
          Agreement between the parties. Hancock agrees to indemnify and hold
          LMG harmless from any and all loss and expenses sustained by LMG as a
          result of the unauthorized use of proprietary and/or confidential
          information by Hancock.

     7.8  LMG and Hancock shall each have in place reasonable security measures
          to safeguard the confidentiality of the other's proprietary and
          confidential information and the nonpublic information of consumers
          and customers in their possession.

8.   TERM

     8.1  This Agreement shall remain in force and effect until such agreement
          terminates as provided for in Section 6.3 of this Agreement.

                                       6

<PAGE>

9.   COMPUTER SYSTEM AND PROPRIETARY RIGHTS

     9.1  Definitions: As used in this Agreement, the following terms shall have
          such meanings:

          (a)  "Administrative Computer System" or "Computer System" shall refer
               to all computer systems and related materials used by LMG to
               administer the Policies, including LMG proprietary software and
               third party licensed software comprised of computer programs and
               supporting documentation, including, but not limited to, source
               code, object code input and output formats, program listings,
               narrative descriptions and operating instructions and shall
               include the tangible media upon which the computer programs and
               supporting documentation are recorded as well as the deliverable
               forms and documents.

               LMG's proprietary software and third party licensed software are
               used to administer the Policies listed in APPENDIX A.

          (b)  "Property" shall mean all property of either party including, but
               not limited to, data records, materials, supplies, computer
               software, customer records, premium information, underwriting
               files, customer lists, sales data, policyholder data, data on
               Wholesalers and Producers and any other distribution systems.

     9.2  oo. The o will be and remain the property of o shall have no rights or
          interest in the o except as provided in this Agreement. o developed
          for o that are mutually agreed to be proprietary to o shall not be
          sold, licensed, transferred, assigned or otherwise distributed without
          the express written consent of o.

          (a)  The o currently uses the o, o. o understands and agrees that, at
               o option, the o or any replacement o may be replaced at any time
               and from time to time, at o expense, with other suitable o of o
               choice.

               In the event that o decides to replace such o, o agrees to test
               the replacement o prior to its installation to be certain that it
               will properly perform the services contemplated by this
               Agreement. o will provide o with reasonable notice prior to any
               such replacements.

          (b)  Notwithstanding the above, o understands and agrees that in no
               event shall o provide to o during the term of this Agreement or
               any extension thereto, access to o.

               o warrants that the o is the property of o and utilizes o . o
               further warrants that the use of the o to provide the Services
               contemplated by this Agreement will not infringe upon or violate
               any patent, copyright, trade secret or other proprietary right of
               any third party. These warranties shall survive termination of
               this Agreement.

          (c)  Under the terms of the o is not authorized to o .

               Accordingly, in the event that o is unable to fulfill its
               contractual obligations as set forth herein, due to its
               subsequent bankruptcy or insolvency and o desires to use the o to
               administer o policies. Further, o shall contract with o, as
               hereafter defined. The o is the o, for all carriers with which o
               contracts, required to administer the products. All costs
               associated with o obtaining of the o shall be borne by o. Once
               split, o will provide o with the ability to administer their o
               products to the same extent and standard as does o; the o.

               In the event that o indicated above, o shall adhere to the terms
               as set forth above with the pertinent licensure.

               Notwithstanding the foregoing, o to administer the policyholder
               data. If o elects to implement a different choice of o, o will
               only be required to provide o.

10.  GENERAL PROVISIONS

     10.1 LMG and Hancock agree this Agreement is an honorable undertaking, and
          each agree to cooperate with the other in carrying out its provisions.

                                       7

<PAGE>

     10.2 If any clause, paragraph, term or provision of this Agreement shall be
          found to be void or unenforceable by any court of competent
          jurisdiction, such finding shall have no effect upon any other clause,
          paragraph, term or provision of this Agreement, and same shall be in
          full force and effect.

     10.3 For any notice under this Agreement, notice shall be sufficient and
          effective five (5) business days after deposit in the U.S. Mail,
          postage prepaid, return receipt requested, or upon receipt if
          delivered personally or by fax or facsimile or by a delivery service.
          Such notice shall be directed as follows:

To LMG:           Legacy Marketing Group
                  Preston Pitts, President
                  2090 Marina Avenue
                  Petaluma, California 94954

With copy to:     Stokes Lazarus & Carmichael LLP
                  80 Peachtree Park Drive
                  Atlanta, Georgia  30309

To Hancock:       John Hancock Life Insurance Company
                  Bruce Jones, Vice President
                  200 Clarendon Street
                  Boston, Massachusetts 02117

With copy to:     John Hancock Life Insurance Company
                  Marylou Gill Fierro, Senior Counsel
                  200 Clarendon Street
                  Boston, Massachusetts 02117

     10.4 Each party expressly represents and warrants that it has the authority
          to enter into this Agreement and that it is not or will not be, by
          virtue of entering into this Agreement or otherwise, in breach of any
          other agreement with any other insurance company, association, firm,
          person, or corporation.

     10.5 The persons signing this Agreement on behalf of Hancock and LMG
          warrant, covenant and represent that they are authorized to execute
          this document on behalf of such corporations pursuant to their bylaws
          or a resolution of their boards of directors.

     10.6 LMG shall, in all cases and at all times, observe and obey the rules,
          regulations, instructions and directives of Hancock which shall be
          equitable and consistent with the terms of this Agreement. Hancock
          may, from time to time and at any time, promulgate such rules,
          regulations, instructions and directions for its operations.

     10.7 LMG is an independent contractor. Nothing contained in this Agreement
          shall be construed to create the relationship of employer and employee
          between Hancock and LMG, nor shall LMG's employees, Wholesalers or
          Producers be considered employees of Hancock for any purpose.

     10.8 This Agreement is the result of mutual negotiations between the
          parties and shall not be deemed to have been prepared by either party,
          but by both equally. The headings of the several paragraphs contained
          herein are for convenience only and do not define, limit, or construe
          the contents of such paragraph.

     10.9 This Agreement, including APPENDICES A, B, C, D and E attached and the
          provisions thereof, constitute the entire agreement between the
          parties. This Agreement shall be governed and construed in accordance
          with the laws of the State of California. Any similar agreement signed
          prior to the execution dates below is null and void and abrogated
          hereby. No change, waiver, or discharge shall be valid unless in
          writing and signed by an authorized representative of the party
          against whom such change, waiver, or discharge is sought to be
          enforced. No delay or omission by either party to exercise any right
          or power

                                       8

<PAGE>

          shall impair such right or power or be construed as a waiver. A waiver
          by either of the parties of any of the covenants to be performed by
          the other or any breach shall not be construed to be a waiver of any
          succeeding breach or of any other covenant.

     10.10 When a policy is issued to a trustee or trustees, a copy of the trust
          agreement and any amendment thereto, shall be furnished to Hancock by
          LMG and shall be retained as part of the official records of both LMG
          and Hancock for the duration of the policy and for six years
          thereafter.

     10.11 Any policies, certificates, booklets, termination notices or other
          written communication delivered by Hancock to LMG for delivery to
          insured parties or covered individuals shall be delivered by LMG
          within ten (10) days after receipt of instructions from Hancock to
          deliver them unless applicable law or regulation requires an earlier
          delivery.

     10.12 Payment to LMG of any premiums or charges for insurance by or on
          behalf of the insured party shall be deemed to have been received by
          Hancock, and the payment of return premiums or claim payments
          forwarded by Hancock to LMG shall not be deemed to have been paid to
          the insured party or claimant until such payments are received by the
          insured party or claimant.

     10.13 During the term of this Agreement and for one (1) year thereafter,
          Hancock and LMG shall not, directly or indirectly, solicit for
          employment any person employed or working on the services provided
          hereunder within the preceding 12 months by the other party or any
          affiliate of the other party without the prior written consent of the
          other party; provided however; that (i) in the event either party uses
          the services of a professional recruiter and provides such recruiter
          solely with generic job duties and job descriptions (without making
          any reference to the other party or the party's affiliates) and such
          recruiter contacts a qualified candidate who happens to be an employee
          of the other party and that candidate initiates contact through a
          recruiter with that party, then that party may employ that employee,
          or (ii) in the event an employee of the other party responds to a
          general advertisement placed by a party, then that party may employ
          that employee.

     10.14 LMG shall provide reasonable access during normal business hours to
          any location from which LMG conducts its business and provides
          services to Hancock pursuant to this Agreement to auditors designated
          in writing by Hancock for the purpose of performing audits for
          Hancock. Hancock shall give reasonable advance written notice of an
          audit and include in that notice the matters which it will audit. LMG
          shall provide the auditors any assistance they may reasonably require.
          Such auditors shall have the right during normal business hours to
          audit any business record, activity, procedure, or operation of LMG
          that is reasonably related to LMG's responsibilities identified in
          this Agreement, including the right to interview any LMG personnel
          involved in providing or supporting such responsibilities.

     10.15 Each party shall be excused from performance for any period and to
          the extent that the party is prevented from performing any services,
          in whole or in part as a result of delays caused by an act of God,
          war, civil disturbance, court order, labor dispute, or other cause
          beyond that parties reasonable control, including failures or
          fluctuations in electrical power, heat, light, air conditioning, or
          telecommunications equipment and such non-performance shall not be a
          default or a ground for termination. Notwithstanding the above, LMG
          agrees that it will establish and maintain reasonable recovery steps,
          including technical disaster recovery facilities, uninterruptable
          power supplies for computer equipment and communications and that as a
          result thereof LMG will use its best efforts to ensure that the
          Computer System shall be operational within 48 hours of a performance
          failure. LMG's Rome, Georgia, and Petaluma, California, offices will
          provide for each others' off-premises site for storage of backup
          software for the operating systems and data files.

     10.16 In no event and under no circumstances, however, shall either party
          under this Agreement be liable to the other party under any provision
          of this Agreement for lost profits or for exemplary, speculative,
          special consequential or punitive damages.

     10.17 Any claim or dispute arising out of or relating to this Agreement, or
          any claimed breach thereof, or arising out of or relating to the
          relationship between the parties shall be settled by arbitration
          administered by the American Arbitration Association, in San
          Francisco, California, under its Commercial Arbitration Rules and the
          judgment on the award rendered by the arbitrator may be entered in any
          court having jurisdiction.

                                       9

<PAGE>

     10.18 The parties agree that this Agreement constitutes the full, complete
          and entire Agreement between them and supersedes all prior
          understanding, agreement, conversations, or representations between
          them with respect to the subject matter of this Agreement. Any prior
          agreement between LMG and Hancock regarding the same subject matter is
          null and void and abrogated hereby.

     10.19 Survival: Sections 5, 6.3(f), 6.3(g), 7, 10.9, 10.13, 10.14 and 10.16
          shall survive the termination of this Agreement.

               {Remainder of this page intentionally left blank.}

                                       10

<PAGE>

In witness whereof, the parties here to have executed this Agreement to take
effect on the effective date specified above.

LEGACY MARKETING GROUP

By: /s/ Don J. Dady

Title:  V.P. Product Development

Date:  January 18, 2001

JOHN HANCOCK LIFE INSURANCE COMPANY

By:     /s/ Bruce M. Jones

Title:  Vice President

Date:   January 18, 2001

                                       11

<PAGE>

                                   APPENDIX A

                              GEOGRAPHIC TERRITORY:

The District of Columbia and all states except Alabama

                                  POLICY FORMS

State required variations of the above referenced forms may be required.

                                       12

<PAGE>

o CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SEC.

                                   APPENDIX B

                                 PROCESSING FEES

1.   Multi Year Guarantee Products

     a.   Acquisition Fees: One time fee of [___] per application received.

     b.   Maintenance: [___] per inforce Policy per year to be paid weekly pro
          rata.

     c.   Terminations: One time fee of [___] to be paid at time of surrender,
          maturity, election of a settlement option or death claim of each
          Policy.

     d.   Payment of Claims: [___] per death claim paid by LMG in addition to
          the [___] termination fee, as provided above in ss. c.

2.   Agent Appointment and Termination: [___] per agent appointment per state;
     [___] per agent termination per state.

3.   Out-Of-Pocket Expenses

     a.   In addition to the fees set forth above, LMG will forward to Hancock
          on a monthly basis a bill for the out of pocket expenses listed below.
          Such invoice will include adjustments for any fees due to Hancock from
          LMG as a result of Agent initial and renewal appointment fees which
          are due or have been collected from such Wholesalers and Producers.
          Hancock will reimburse LMG with fifteen (15) days of receipt of such
          bill. If LMG does not receive reimbursement within fifteen (15) days,
          Hancock will allow LMG to draw the following out of pocket expenses
          from the disbursement account. Out-of-pocket expenses are expenditures
          for the items such as those listed below and any other items agreed to
          in writing by the parties:

          (1)  Costs of telecommunication lines and equipment installed to
               provide primary and back-up support for on-line access to LMG's
               administrative system and transmission of data.

          (2)  The costs involved with off-site storage for Hancock records,
               documents, correspondence and other items as provided in this
               Agreement, or cost of shipping those items to Hancock.

          (3)  The costs associated with Agent (Wholesalers and Producers)
               appointments and terminations, including Agent background
               investigations and Agent initial appointment fees and termination
               fees referenced in the Marketing Agreement executed concurrently
               with this Agreement.

     b.   Hancock will be responsible for cash management of this disbursement
          account and LMG agrees to provide Hancock records and information to
          properly perform this function.

4.   Systems Time and Materials Rates

     Under certain conditions as set forth in this Agreement, Hancock will
     reimburse LMG for the costs of systems modifications or systems support at
     the following rates:

     Chief Information Officer                                o per hour
     Director--Technical Support                              o per hour
     Senior Programmer Analyst                                o per hour
     Programmer Analyst                                       o per hour
     Senior Business Analyst                                  o per hour
     Project Manager                                          o per hour
     Business Analyst                                         o per hour
     Tester                                                   o per hour

5.   Payment of Processing Fees.

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<PAGE>

     Hancock will pay LMG the processing fees from 1 and 2 weekly. Fees from 1
     and 2 will be paid by wire transfer within 5 days of receipt of such
     documentation.

6.   Compensation Not To Be Contingent

     This Agreement shall not provide for compensation, commissions, fees or
     charges which are contingent upon savings effected in the adjustment,
     settlement and payment of losses (the loss ratio) covered by Hancock's
     obligations. In the event that LMG adjusts or settles claims on behalf of
     Hancock, such compensation shall in no way be contingent on claims
     experience.

     This provision does not prevent the compensation of LMG from being based on
     premiums or charges collected or the number of claims paid or processed or
     performance-based compensation for providing auditing services. LMG will
     not receive any administrative compensation except as expressly set forth
     in this Agreement between LMG and Hancock.

7.   LIMRA CAP Survey Response Fees

     Hancock will pay LMG a flat fee of [___] per reply that LMG prepares in
     response to LIMRA CAP survey answers. LMG will maintain a record of the
     responses to policyholders that it prepares on behalf of Hancock. The
     record will indicate the number of such responses prepared and will be
     forwarded as an invoice to Hancock on a monthly basis. Hancock remit
     payment to LMG within twenty (20) days of receipt of such invoice.

8.   Additional compensation to be paid to LMG by Hancock for services not
     contemplated herein shall be mutually decided by both parties.

All fees set forth in this Agreement shall be reviewed annually by LMG and
Hancock to ensure that such fees remain constant with any inflation.

                                       14

<PAGE>

                                   APPENDIX C

                             SERVICES TO BE PROVIDED

These services are to be performed by LMG in accordance with the policies and
procedures mutually agreed to by both parties, applicable laws and regulations
and reasonable industry standards.

1.   Services:

     Clerical Processing of Agent Appointment and Termination with States

     Appointment

     1.   Review signed Producer Agreement for completeness and accuracy, input
          agent information into the Computer System
     2.   Conduct Background Investigation on Producer, including credit report,
          NAIC RIRS inquiry, Vector Check, state licensing check (in all States
          in which Producer requests appointment), criminal check, and past
          employment check.
     3.   If Producer meets LMG/Hancock contracting criteria, complete and mail
          all state required appointment forms or electronic transmission of
          appointment data to state.
     4.   Depending on state criteria, once appointment is effective, input
          appointment information into the Computer System system for renewal
          tracking, new business processing and weekly transmission to carrier.

     Termination

     1.   Complete and mail state required forms or electronic transmission to
          terminate agent's appointment in state(s).
     2.   Update the Computer System with appropriate appointment termination
          into the Computer System to prohibit new business processing. Monthly
          transmission of agent termination information to carrier.

     Appointment Renewal Processing

     1.   LMG will forward to Hancock within three (3) business days of a
          written request by Hancock any Producer address that is required to be
          provided to a regulatory agency.

     Clerical Processing of Transfers (1035x, CD Money Market, Mutual Fund
     Qualified Transfers)

     1.   Review all transfer documentation for completeness and accuracy,
          including receipt of all state specific forms (replacements).
     2.   Contact transfer institution for verification of account information.
     3.   Mail required documentation including state specific forms to transfer
          institution.
     4.   Mail initial letter to applicant confirming receipt of application.
     5.   Contact transfer institution on a regular basis until receipt of such
          funds.
     6.   Once all funds are received complete Contract Issue.

                                       15

<PAGE>

     Contract Issue

     1.   Review all annuity applications for completeness and accuracy,
          including state product availability and agent licensing.
     2.   Input application into LMG's administrative system.
     3.   Process any transfers, as previously defined.
     4.   Generate state specific policy forms.
     5.   Mail policy to Producer for delivery.
     6.   Follow-up on any outstanding delivery requirements and delivery
          receipt.
     7.   Once all outstanding requirements are received, apply the premium to
          policy, place the policy inforce and generate a commission payment to
          agent.

     Policyholder Service

     Includes all maintenance on all certificates/policies after issue
     (inforce). Responsibilities include the following:

     1.   Responding to all written or verbal consumer or agent inquiries
          regarding an inforce policy.

     2.   Clerical processing of the following financial transactions:
          Withdrawals (including systematic withdrawal income and Minimum
          Required Distributions).
          Partial surrenders.
          Full surrenders, including 1035X.
          Strategy transfers.
          Election of a settlement option by owner or beneficiary (however LMG
          will not process the actual payments under a settlement option). LMG
          will provide Hancock with the all required documentation to process
          the payments under such election within ten (10) business days of
          receipt of completed forms.
          Free Look or Not Taken processing
          Additional Deposit(s)
          Claims processing, as defined in this Agreement
     3.   Clerical processing of the following non-financial transactions.
          Address changes
          Beneficiary changes
          Ownership changes
          Mailing of quarterly statements
          Collateral Assignment Review of legal documents
          (not limited to POA, Guardianship).
     4.   Maintain a toll-free telephone line for policyholders.

     Clerical processing is defined as reviewing requests to determine all state
     and carrier mandated forms have been completed, data entry into ALS
     (administrative system) to record such transaction and providing written
     confirmation to policyholder of such clerical processing.

     Maintenance of Policyholder Records

     LMG will be responsible for the maintenance of policyholder records.
     Specifically, LMG will maintain accurate and complete policyholder records
     according to the provisions of this Agreement. Paper records will be
     maintained in an offsite storage facility. Copies of all paper records will
     be permanently scanned with LMG's imaging system. Records of all
     transactions will also be maintained in LMG's administrative system.

     Data Processing Services - All data files provided to Hancock will be in
     formats that are mutually agreed to by both parties. Month end cutoff for
     all accounting files will be the 21st of each month or the prior business
     day unless otherwise agreed upon by both parties. {Need to specify month
     end.)

     1.   Maintenance of the general ledger for all premium and disbursement
          cash accounting as well as all policy related financial transactions.
     2.   Within ten (10) days of month end LMG will transmit the general ledger
          interface to Hancock for financial statement preparation.
     3.   Maintain policy transaction data files.
     4.   Transmission of policy transaction data files to Hancock for the
          preparation of reserve calculations.

                                       16

<PAGE>

     5.   Provide computer-accessible valuation data: account balance
          information, policyholder activity, and policy provision data (such as
          changing schedules of interest) at a sufficient level of detail to
          make Statutory Valuation and GAAP accounting possible without
          resorting to estimates. Create and transmit the data files with a
          sufficiently early effective date that they may be used by Hancock
          before the calendar month end.
     6.   Provide ledger input data whose end-of-month close date coincides with
          the effective date for the valuation data.
     7.   Provide Hancock with a complete file extract of all policyholder data
          from the administration system once per month in a mutually agreed
          upon format. Such policyholder data is confidential and shall only be
          used by Hancock for the purpose of performing demographic and
          marketing research. Any other use of such data requires prior written
          consent by LMG. More frequent updates or incremental updates will be
          provided at a mutually agreed upon date.

     Agent Compensation

     LMG is responsible for weekly processing and payment via check or ACH of
     first year and trailing commissions to its Wholesalers and Producers.
     Commission payments result from premium being applied to appropriate
     Hancock policies. LMG is responsible for generating the weekly commission
     statements, maintenance of year to date commission information, and
     processing of the actual commission payment. Agent compensation amounts are
     determined by the Producer's LMG contract level, product type, age of
     annuitant and owner, and premium amount.

     Premium Accounting

     LMG is responsible for receiving premium checks and depositing into Hancock
     depository bank account. The receipt of premium is recorded in the
     administrative system and a general ledger entry is created to record the
     deposit. However, LMG is not responsible for investing and managing these
     assets.

     Tax Reporting to Agents

     LMG will be responsible for the reporting on a yearly basis to its
     Producers and Wholesalers information on all commissions earned, as well as
     other compensation from incentive trips, etc. Such reporting to Wholesalers
     and Producers will consist of generating and mailing of 1099 forms. LMG
     will also be responsible for the transmission of such records to the
     applicable federal and state taxing authorities. LMG policies and
     procedures comply with all state and federal regulations.

     Tax Reporting to Policyholders

     LMG is responsible for the reporting on a yearly basis to policyholders
     information regarding certain financial transactions on such Hancock
     policies. Reporting to policyholders consists of generating and mailing of
     1099 forms, Year End Account Balances and 5498 forms. LMG will also be
     responsible for the transmission of such records to the applicable federal
     and state taxing authorities. LMG policies and procedures comply with all
     state and federal taxing authority regulations. Such tax reporting only
     encompasses disbursements that are made by LMG on behalf of Hancock.
     Hancock shall be responsible for any tax reporting for disbursements that
     are made by Hancock directly.

     Tax Reporting to Vendors

     LMG will be responsible for the reporting on a yearly basis to its vendors
     information on all compensation paid. Such reporting to vendors will
     consist of generating and mailing of 1099 forms. LMG will also be
     responsible for the transmission of such records to the applicable federal
     and state taxing authorities. LMG's policies and procedures comply with all
     state and federal regulations.

     Tax Reporting to Beneficiary(ies)

     LMG is responsible for the reporting to beneficiary(ies) on a yearly basis
     information regarding receipt of lump sum claim payments. Reporting to
     beneficiary(ies) consist of generating and mailing of 1099 forms. LMG will
     also be responsible for the transmission of such records to the applicable
     federal and state taxing authorities. LMG policies and procedures comply
     with all state and federal taxing authority regulations. Such tax reporting
     only encompasses disbursements that are made by LMG on behalf of Hancock.
     Hancock shall be responsible for any tax reporting for disbursements that
     are made by Hancock directly.

                                       17

<PAGE>

2.   Other Services:

     a.   Accounting Services
          (1)  Maintenance of general ledger system
          (2)  Reconciliation of all cash and suspense accounts monthly
          (3)  Furnishing to Hancock of all applicable data necessary for
               preparation of Hancock NAIC Convention Blank
          (4)  Furnishing to Hancock of all applicable data necessary for
               preparation of the Hancock corporate tax return
          (5)  Furnishing to Hancock of all applicable data necessary for
               preparation of the Hancock GAAP financial statements
          (6)  Furnishing to Hancock of all applicable data necessary for the
               preparation of the Hancock unclaimed property reports
          (7)  Furnishing to Hancock of monthly data sets of all applicable data
               necessary for the preparation of the Hancock premium tax returns
               and payments

     b.   Actuarial Services

          (1)  LMG will assist and provide actuarial support to Hancock. LMG's
               responsibilities will vary by each product jointly developed and
               may include:
               Provide initial product specification
               Provide competitive analysis for the product
               Define pricing assumptions
               Provide any necessary support for pricing assumptions
               Share deterministic pricing results
               Perform sensitivity analysis
               Provide final product specifications
               Define actuarial memorandum
               Provide Actuarial field support
               Monitor actuarial assumptions
               Assist in ongoing profit/pricing management of the business
          (2)  LMG will draft initial policy forms and applications to be used
               for each product jointly developed. LMG will assist Hancock in
               the completion and preparation of filing such forms, and assist
               in the approval process, LMG's responsibilities may vary with
               each product jointly developed.

     c.   Advertising Material Development
          LMG will be responsible for the creation, printing and distribution of
          all advertising material used by LMG for such products jointly
          developed. However, LMG will obtain the necessary approval from
          Hancock prior to use of such advertising material.

     It is LMG's intention to provide all administrative services, with the
     exception of the following:

     a.   Administration after the election of a settlement option by Owner, and
          any subsequent payments after such election.
     b.   Administration after the election of a settlement option resulting
          from a death, and any subsequent payments after such election.

3.   Collection and Disposition of Funds:

     All insurance premiums collected by LMG on behalf of Hancock, and return
     premiums received from Hancock, shall be held by LMG in a fiduciary
     capacity and will not be used as general operating funds of LMG. Such funds
     shall be immediately, within two (2) business days be remitted to the
     person or persons entitled to them or shall be deposited promptly, within
     two (2) business days, in a Premium Fiduciary Account. Such Premium
     Fiduciary Account will be held in the name of Hancock. However, it will be
     established and maintained by LMG in a federally or state insured financial
     institution, separate and apart from any funds belonging to LMG or third
     parties.

                                       18

<PAGE>

     This Premium Fiduciary Account will at all times have a balance equal to
     contributions plus any interest earned less, authorized disbursements by
     Hancock. If LMG is authorized to draw checks on the Premium Fiduciary
     Account, this will be clearly indicated on their face.

     LMG may not pay any claim by withdrawals from the aforementioned Premium
     Fiduciary Account. Withdrawals from the Premium Fiduciary Account shall be
     made as provided in this Agreement between LMG and Hancock for any of the
     following:

     a.   Remittance to Hancock, if so entitled to such remittance;

     b.   Deposit in an account maintained in the name of Hancock;

     c.   Transfer to and deposit in a claims-paying account, with claims to be
          paid as provided by Hancock.

     LMG will maintain in a fiduciary capacity, Disbursement Accounts where
     Hancock will fund the balance and LMG is authorized to make the following
     disbursements:

     a.   Payment to LMG of its out of pocket expenses, as defined in Appendix
          B, Section 3a, and weekly commissions.

     b.   Remittance of return premium to the person or persons entitled
          thereto.

     c.   Any policy/certificate holder disbursements, including payment of
          claims.

     LMG will pay claims from funds collected on behalf of Hancock and shall be
     paid only on drafts of, and as authorized by Hancock. In the event that LMG
     receives monies to pay claims on behalf of Hancock, such funds will be held
     in a fiduciary capacity. No deposits will be made into or disbursements
     made from this fiduciary account except for claims and claim adjustment
     expenses. This fiduciary account will at all times have a balance equal to
     the amount deposited less claims and claims adjustment expenses paid.

4.   Settlements/Reports:

     a.   As agreed upon but no later than twenty (20) calendar days of the end
          of each month, the prior month's balance sheet activity shall be
          reconciled by LMG.

     b.   As agreed upon, LMG shall provide reports to Hancock, including but
          not limited to the following items:

          (1)  General ledger report
          (2)  Premium and commission reports
          (3)  Claim reports
          (4)  Statutory reserve policy information
          (5)  FAS 97 detail policy information

     c.   Daily, LMG shall provide to Hancock, including but not limited to the
          following items:
          (1)  Cash control reports, beginning the first day of business

     d.   Weekly (Monday, for the previous week's business activity), LMG shall
          provide to Hancock, including but not limited to the following items:
          (1)  Copies of check registers
          (2)  Bi-weekly--Transmission of general ledger data (including state
               code detail), beginning on a mutually agreeable date after the
               volume of business reaches a level determined by Hancock to
               warrant daily updates

     e.   As agreed upon but no later than twenty (20) calendar days of the end
          of each month, LMG shall provide to Hancock, including but not limited
          to the following items:
          (1)  Copies of all bank reconciliations
          (2)  All supplemental financial reporting information as requested by
               Hancock
          (3)  Copies of tax reporting to policyholders and vendors

     f.   Miscellaneous ad hoc sales reporting.

                                       19

<PAGE>

5.   Claims Payment:

     All Policy claims services, with the exception of the adjudication of death
     claims not paid out as a lump sum, shall be performed by LMG on behalf of
     Hancock. All Policy claims shall be investigated, processed and paid in
     accordance with the policies and procedures mutually agreed to by both
     parties. Hancock's claim personnel shall be made available at Hancock's
     expense to answer any questions that might arise from LMG's claims
     personnel relating to claims investigation, processing and payment of
     Policy claims.

     In addition to the foregoing, in the case of a decision by LMG that a
     Policy claim should be denied, LMG shall communicate its proposed action to
     appropriate Hancock personnel who must agree and approve the proposed claim
     denial before the claims decision is finalized. LMG will communicate
     appropriate details of any proposed claim denial in accordance with
     notification procedures to be jointly developed by the parties. If no
     response is received within five (5) business days of transmission, LMG
     shall have the right to proceed on the basis that Hancock is in agreement
     with the decision to deny the claim. All claims paid by LMG from funds
     collected on behalf of or for Hancock shall be paid on only drafts or
     checks of and as authorized by Hancock. All monies received by LMG to pay
     claims on behalf of Hancock shall be held in an administrative capacity. No
     deposits will be made into, nor disbursements made from this fiduciary
     account, with the exception of claims and claims adjustment expenses. This
     fiduciary account will at all times have a balance equal to the amount
     deposited less claims and claims adjustment expenses paid. LMG is
     responsible for all correspondence with the claimant and preparation of the
     claim checks.

     For those claims referred to Hancock by LMG, LMG will provide Hancock with
     copies of the following:

     1)   Policy records (including but not limited to: all correspondence
          relating to the policy)
     2)   All correspondence with the claimant.
     3)   Diary screens.
     4)   Claim proofs.

                                       20

<PAGE>

                                   APPENDIX D

                        SCHEDULE OF AUTHORIZED PERSONNEL

                              Representing Hancock

Michele Van Leer, Senior Vice President
Bruce Jones, Vice President

                                Representing LMG

Lynn Stafford                       Chief Information Officer
Gregg Egger                         Chief Officer of Strategic Development
Steve Taylor                        Chief Financial Officer
Lynda Regan                         Chief Executive Officer
Bill Hrabik                         Chief Operations Officer
Don Dady                            Vice President of  Product Development
Niju Vaswani                        Vice President of  Distribution
Greg Carney                         Officer of Special Markets

                                       21

<PAGE>

o CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SEC.

                                   APPENDIX E

                                Service Standards

Process                         Standard

New Business

Policy Issue                    Policy will be issued within o days* of receipt
Reissue                         Policy will be reissued within o days* of
                                receipt
New Business Transfers          New business transfers will be mailed within o
                                days* of receipt
Transfer Follow-up              Transfers will be follow-up on every o business
                                days* or as otherwise determined effective based
                                on the transfer company
Agent Contracting               All new agent contracts will be reviewed and all
                                necessary background investigation reports
                                ordered within o days* of receipt
Appointment Processing          Agent appointment(s) will be completed within o
                                days* of receipt Commission Processing Process
                                and mail checks on Friday of each week for all
                                complete new business applications received by
                                Thursday of that week
Commission Inquiries            Process and confirm within o business days*
Premium Deposit                 Premium will be deposited the day it is received

Policyholder Services
Claims Processing               Process and approve within o business days* of
                                receipt

Financial Transactions          Process and confirm within o business days* of
                                receipt
Non-Financial Transactions      Process and confirm within o business days* of
                                receipt

Customer Service Call Center

Answer Rate                     o
Abandon Rate                    o
Average Hold Time               o

* Turnaround times are from the date of receipt of complete
policyholder/beneficiary/Producer documentation or approval from Hancock when
applicable. Further, the times given above are average times.

                                       22

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