497 1 d900707d497.htm HANCOCK JOHN VARIABLE LIFE ACCOUNT U HANCOCK JOHN VARIABLE LIFE ACCOUNT U

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)

SEPARATE ACCOUNTS A, N, S, U, UV, AND V

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT B

Supplement dated January 30, 2025 to the Statutory Prospectuses,

Updating Summary Prospectuses, and Initial Summary Prospectuses,

dated April 29, 2024

Changes to Variable Investment Options

This Supplement is intended for distribution with the Statutory Prospectuses, Updating Summary Prospectuses, and Initial Summary Prospectuses, as applicable, (each a “prospectus”) dated April 29, 2024 for variable life insurance contracts issued by John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, as applicable. The affected prospectuses belong to the following policies:

 

      
   

Accumulation Survivorship Variable Universal Life

2020

  

Majestic Variable Universal Life 98

   

Accumulation SVUL

  

Majestic VCOLIX

   

Accumulation Variable Universal Life

  

Majestic VULX

   

Accumulation Variable Universal Life 08

  

Medallion Executive Variable Life

   

Accumulation Variable Universal Life 2014

  

Medallion Executive Variable Life II

   

Accumulation Variable Universal Life 2019

  

Medallion Executive Variable Life III

   

Accumulation Variable Universal Life 2021

  

Medallion Variable Life

   

Accumulation Variable Universal Life 2021 Core

  

Medallion Variable Universal Life Edge

   

Corporate VUL

  

Medallion Variable Universal Life Edge II

   

Corporate VUL 05

  

Medallion Variable Universal Life Plus

   

Corporate VUL 08

  

Performance Executive Variable Life

   

eVariable Life

  

Performance Survivorship Variable Universal Life

   

Flex V1

 

  

Protection SVUL

   

Flex V2

 

  

Protection Variable Universal Life

   

Majestic Accumulation Variable Universal Life 2019

  

Protection Variable Universal Life 09

   

Majestic Accumulation Variable Universal Life 2021

  

Protection Variable Universal Life 2012

   

Majestic Performance Survivorship Variable Universal

Life

  

Protection Variable Universal Life 2017

   

Majestic Performance Variable Universal Life

  

Protection Variable Universal Life 2021

   

Majestic Survivorship Variable Universal Life 2020

 

  

Protection Variable Universal Life 2023

   

Majestic Survivorship VULX

  

Simplified Life

   

Majestic Variable COLI

  

Variable Estate Protection

   

Majestic Variable Estate Protection

  

Variable Estate Protection Edge

   

Majestic Variable Estate Protection 98

  

Variable Estate Protection Plus

   

Majestic Variable Universal Life

  

Variable Master Plan Plus


Portfolio Subadviser Change

Effective on or about February 7, 2025 (the “Effective Date”), the JHVIT High Yield Trust portfolio’s “Former Subadviser” will be replaced by the “New Subadviser” indicated below:

 

Former Subadviser    New Subadviser
Western Asset Management Company, LLC    Manulife Investment Management (US) LLC

As a result, after the Effective Date, all references in the prospectuses to the Former Subadviser are changed to the New Subadviser, respectively.

Changes to Investment Objective

In addition, on or about the Effective Date, there is a change to the JHVIT High Yield Trust portfolio’s investment objective in the “Appendix: Portfolios Available Under the Contract” section of the prospectus.

Accordingly, the subadviser and investment objective of the JHVIT High Yield Trust Series NAV portfolio are deleted in the “Appendix: Portfolios Available Under the Contract” section of each prospectus and replaced with the following:

 

Investment Objective   Portfolio and Adviser/Subadviser   Current   Average Annual Total
         Expenses   Returns
              (as of 12/31/23) (%)
              1-Year   5-Year   10-Year
The fund seeks high current income.   High Yield Trust – Series NAV   0.81%*   12.87   4.95   3.58
Capital appreciation is a secondary goal.    John Hancock Variable Trust Advisers                 
  LLC/Manulife Investment                
   

Management (US) LLC

 

               

* This portfolio’s annual expenses reflect temporary fee or expense waivers or reimbursements.

 

 

 

You should read this supplement together with the prospectus for the contract you purchased and retain both documents for future reference.

Prior to making any investment decisions, you should carefully review your product prospectus and all applicable supplements. In addition, you should review the prospectuses and applicable supplements for the underlying portfolios that we make available as investment options under the policies. The prospectuses describe the investment objectives, policies and restrictions of, and the risks relating to, investment in the portfolios. In the case of any of the portfolios that are operated as feeder funds, you should also review the prospectus for the corresponding master fund. If you need to obtain additional copies of any of these documents, please contact your representative or contact our Service Office at the address or telephone number on the back page of your product prospectus.


VLI ProdSupp VL 01/2025

 

333-85284   333-233647   333-141693   333-152409   333-164161
333-124150   333-233648   333-148992   333-164150   333-164162
333-131299   333-236446   333-151631   333-164151   333-164164
333-141692   333-236447   333-152407   333-164152   333-164163
333-148991   333-248502   333-152408   333-164153   333-164165
333-151630   333-254210   333-153253   333-164156   333-164166
333-152406   333-254211   333-157213   333-164154   333-164167
333-153252   333-265436   333-179571   333-164155   333-164168
333-157212   333-266659   333-193995   333-164171   333-164169
333-179570   333-127543   333-235396   333-164173   333-164175
333-193994   333-131139   333-235397   333-164158   333-164176
333-194818   333-131134   333-238712   333-164159   333-164174
333-217721   333-132905   333-126668   333-164160