Hancock John Variable Life Account Uv/

09/25/2024 | Press release | Distributed by Public on 09/25/2024 12:53

Updating Summary Prospectus - Form 497VPU

HANCOCK JOHN VARIABLE LIFE ACCOUNT UV/

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

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

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK

SEPARATE ACCOUNT B

Supplement dated September 25, 2024 to the Statutory Prospectuses,

Updating Summary Prospectuses, and Initial Summary Prospectuses,

as applicable, dated April 29, 2024 for the Policies listed below

Notice of Portfolio Substitution

This Supplement updates the Statutory Prospectuses, Updating Summary Prospectuses, and Initial Summary Prospectuses, as applicable, (each a "prospectus") dated April 29, 2024 for the following variable life insurance policies ("Policies") issued by John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York (the "Insurance Companies"):

Accumulation Survivorship Variable Universal Life 2020

Majestic Variable COLI

Protection Variable Universal Life 09

Accumulation SVUL Majestic Variable Estate Protection Protection Variable Universal Life 2012
Accumulation Variable Universal Life Majestic Variable Estate Protection 98 Protection Variable Universal Life 2017
Accumulation Variable Universal Life 08 Majestic Variable Universal Life Protection Variable Universal Life 2021
Accumulation Variable Universal Life 2014 Majestic Variable Universal Life 98 Protection Variable Universal Life 2023
Accumulation Variable Universal Life 2019 Majestic VCOLIX Simplified Life
Accumulation Variable Universal Life 2021 Majestic VULX Variable Estate Protection
Accumulation Variable Universal Life 2021 Core Medallion Executive Variable Life Variable Estate Protection Edge
Corporate VUL Medallion Executive Variable Life II Variable Estate Protection Plus
Corporate VUL 05 Medallion Executive Variable Life III Variable Master Plan Plus
Corporate VUL 08 Medallion Variable Universal Life Edge Corporate VUL 03
Majestic Accumulation Variable Universal Life 2019 Medallion Variable Universal Life Edge II Corporate VUL 04
Majestic Accumulation Variable Universal Life 2021 Medallion Variable Universal Life Plus EPVUL
Majestic Performance Survivorship Variable Universal Life Performance Executive Variable Life SPVL
Majestic Performance Variable Universal Life Performance Survivorship Variable Universal Life Survivorship VUL
Majestic Survivorship Variable Universal Life 2020 Protection SVUL VUL Accumulator
Majestic Survivorship VULX Protection Variable Universal Life VUL Protector

Scheduled Substitution of Portfolio

Effective at the close of business on October 25, 2024 (the "Substitution Date"), in accordance with standards of the U.S. Securities and Exchange Commission, the Insurance Companies will "Substitute" (i.e., replace) the "Existing Portfolio" under the Policies with the "Replacement Portfolio," as set forth in the table below:

Existing Portfolio Replacement Portfolio
PIMCO VIT All Asset Portfolio - Class M JHVIT Lifestyle Balanced Portfolio - Series I*or NAV
*

For Corporate VUL 03, Corporate VUL 04, EPVUL, SPVL, Survivorship VUL, VUL Accumulator and VUL Protector Policies only.

On the Substitution Date, any policy value allocated to a Variable Investment Option investing in the Existing Portfolio will be automatically transferred to the Variable Investment Option investing in the Replacement Portfolio.

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The Substitution will be effected at the relative net asset value per share of the Existing Portfolio and Replacement Portfolio. Your policy value immediately prior to the Substitution will equal your policy value immediately after the Substitution. There will be no tax consequences for you as a result of the Substitution. The Substitution will be performed at no cost to you. The fees and charges under your Policy will not increase as a result of the Substitution. Your rights and the Insurance Company's obligations under your Policy will not be altered in any way.

After the Substitution Date, the Variable Investment Option investing in the Existing Portfolio will no longer be available for investment.

Please note the following information regarding the Substitution:

From the date of this Supplement through the Substitution Date, you may transfer any policy value allocated to the Variable Investment Option investing in the Existing Portfolio to any Variable Investment Option available under your Policy free of charge.

For 30 days after the Substitution Date, you may transfer any policy value allocated to the Variable Investment Option investing in the Replacement Portfolio to any Variable Investment Option available under your Policy free of charge.

Any such transfer will not count against any restrictions or limits on the number of transfers that may be performed under your Policy (except with respect to restrictions to discourage frequent transfer activity as described in the prospectus).

A transfer request may be made to the Insurance Companies on our website at JohnHancock.com/lifeaccount, by sending in a transfer request form, or by telephone (800-732-5543).

The Replacement Portfolio will replace the Existing Portfolio in any standing allocation instructions that you have on file. If you are currently enrolled in a dollar cost averaging or asset allocation balancer program, and have designated an amount to be transferred monthly into the Existing Portfolio, after the Substitution Date, that amount that you have designated to the Existing Portfolio will be transferred to the Replacement Portfolio.

On the Substitution Date, the new Minimum and Maximum charges at the portfolio level for your policy will be the following:

Annual Fee Minimum Maximum

Variable investment accounts (portfolio fees and expenses)

0.39 % 1.18 %

The Replacement Portfolio's prospectus is available at https://dfinview.com/johnhancock?site=funds. You should read this Supplement together with the prospectus for your Policy and retain both documents for future reference. You can also obtain a copy of the Replacement Portfolio's prospectus, without charge, by contacting our Service Office at 800-732-5543 or by sending an e-mail request to[email protected].

VLI ProdSupp VL 09/2024

333-85284

333-217721 333-131134 333-235397 333-164173

333-124150

333-233647 333-132905 333-238712 333-164161

333-131299

333-233648 333-141693 333-126668 333-164162

333-141692

333-236446 333-148992 333-152409 333-164164

333-148991

333-236447 333-151631 333-164150 333-164163

333-151630

333-248502 333-152407 333-164151 333-164165

333-152406

333-254210 333-152408 333-164152 333-164166

333-153252

333-254211 333-153253 333-164153 333-164167

333-157212

333-265436 333-157213 333-164156 333-164168

333-179570

333-266659 333-179571 333-164154 333-164169

333-193994

333-127543 333-193995 333-164155 333-88748

333-194818

333-131139 333-235396 333-164171 333-71136

333-100597

333-85296 333-88972 333-33504 333-100664

333-100567

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