JALC Projected Dividend Yield

John Adams Life Corp. ( OTCBB : JALC )

Co., through its wholly-owned subsidiary, Firingline Corporation, operates as a life insurance sales agency. In 1996, the Company focused its sales emphasis on annuity products, which include a single premium deferred annuity and a flexible premium deferred annuity. A substantial portion of the commissions earned were from the sale of the VaultPlus and the Independence Plan annuities. VaultPlus is a flexible premium deferred annuity that is available for sale to individuals as old as 100. The Independence Plan is a flexible premium deferred annuity with a loan provision and a market value adjustment and is available to individuals under age 86. Both policies are intended for estate planning purposes and asset protection for seniors. In 1996, the Company continued its sales of principal life insurance product, the BestLife III policy, an interest sensitive whole life policy with a level lifetime premium using a current, declared interest rate as a credit to internal policy values and with charges based upon currently declared mortality rates. The BestLife III policy provides for a substantial cash buildup for those continuing premium payments. The BestLife III policy is marketed primarily to individuals, and has both annual premium and single premium deferred annuity riders available. The Company also markets term life insurance and other products. During 1996, Co. entered into an agreement pursuant to which Co. agreed to sell to Unified Life Insurance Company (Unified), a Texas corporation, the 49,803 shares of John Adams Life Insurance Company of America (JALIC) common stock owned by the Co. The JALIC Shares comprised 99.6% of the issued and outstanding shares of common stock of JALIC. In January 1997, the Company completed the sale of the JALIC Shares to Unified.

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