Hancock John Variable Life Account U
12/12/2024 | Press release | Distributed by Public on 12/12/2024 15:58
Prospectus by Investment Company (Form 497)
JOHN HANCOCK VARIABLE LIFE ACCOUNT U 333-164173
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 December 12, 2024 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:
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Accumulation Survivorship Variable Universal Life 2020 |
Majestic VCOLIX |
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Accumulation SVUL |
Majestic VULX |
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Accumulation Variable Universal Life |
Medallion Executive Variable Life |
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Accumulation Variable Universal Life 08 |
Medallion Executive Variable Life II |
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Accumulation Variable Universal Life 2014 |
Medallion Executive Variable Life III |
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Accumulation Variable Universal Life 2019 |
Medallion Variable Universal Life Edge |
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Accumulation Variable Universal Life 2021 |
Medallion Variable Universal Life Edge II |
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Accumulation Variable Universal Life 2021 Core |
Medallion Variable Universal Life Plus |
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Corporate VUL |
Performance Executive Variable Life |
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Corporate VUL 03 |
Performance Survivorship Variable Universal Life |
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Corporate VUL 04 |
Protection SVUL |
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Corporate VUL 05 |
Protection Variable Universal Life |
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Corporate VUL 08 |
Protection Variable Universal Life 09 |
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EPVUL |
Protection Variable Universal Life 2012 |
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eVariable Life |
Protection Variable Universal Life 2017 |
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Majestic Accumulation Variable Universal Life 2019 |
Protection Variable Universal Life 2021 |
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Majestic Accumulation Variable Universal Life 2021 |
Protection Variable Universal Life 2023 |
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Majestic Performance Survivorship Variable Universal Life |
Simplified Life |
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Majestic Performance Variable Universal Life |
SPVL |
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Majestic Survivorship Variable Universal Life 2020 |
Survivorship VUL |
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Majestic Survivorship VULX |
Variable Estate Protection |
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Majestic Variable COLI |
Variable Estate Protection Edge |
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Majestic Variable Estate Protection |
Variable Estate Protection Plus |
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Majestic Variable Estate Protection 98 |
Variable Master Plan Plus |
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Majestic Variable Universal Life |
VUL Accumulator |
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Majestic Variable Universal Life 98 |
VUL Protector |
Changes to Current Expenses
Effective on or about December 12, 2024, there is a reduction in "Current Expenses" for the JHVIT Disciplined Value International Trust and JHVIT Health Sciences Trust in the "Appendix: Portfolios Available Under the Contract" section of the prospectus. Refer to the Appendix in your policy prospectus for the appropriate series applicable to your policy.
Accordingly, the "Current Expenses" of the JHVIT Disciplined Value International Trust and JHVIT Health Sciences Trust Series NAV portfolios 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 Expenses |
Average Annual Total Returns (as of 12/31/23) (%) |
|||||||||||||||
| 1-Year | 5-Year | 10-Year | ||||||||||||||||
|
To seek long-term growth of capital. |
Disciplined Value International Trust - Series NAV
John Hancock Variable Trust Advisers |
0.77 | %* | 20.05 | 8.47 | 3.10 | ||||||||||||
|
To seek long-term capital appreciation. |
Health Sciences Trust - Series NAV
John Hancock Variable Trust Advisers |
0.86 | %* | 4.26 | 10.56 | 10.94 |
| * |
This portfolio's annual expenses reflect temporary fee or expense waivers or reimbursements. |
The "Current Expenses" of the JHVIT Disciplined Value International Trust and JHVIT Health Sciences Trust Series I portfolios 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 Expenses |
Average Annual Total Returns (as of 12/31/23) (%) |
|||||||||||||||
| 1-Year | 5-Year | 10-Year | ||||||||||||||||
|
To seek long-term growth of capital. |
Disciplined Value International Trust - Series I
John Hancock Variable Trust Advisers |
0.82 | %* | 19.96 | 8.42 | 3.05 | ||||||||||||
|
To seek long-term capital appreciation. |
Health Sciences Trust - Series I
John Hancock Variable Trust Advisers |
0.91 | %* | 4.25 | 10.52 | 10.89 |
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 12/2024
| 333-85284 | 333-233647 | 333-141693 | 333-152409 | 333-100567 | ||||
| 333-124150 | 333-233648 | 333-148992 | 333-164150 | 333-164161 | ||||
| 333-131299 | 333-236446 | 333-151631 | 333-164151 | 333-164162 | ||||
| 333-141692 | 333-236447 | 333-152407 | 333-164152 | 333-164164 | ||||
| 333-148991 | 333-248502 | 333-152408 | 333-164153 | 333-164163 | ||||
| 333-151630 | 333-254210 | 333-153253 | 333-164156 | 333-164165 | ||||
| 333-152406 | 333-254211 | 333-157213 | 333-164154 | 333-164166 | ||||
| 333-153252 | 333-265436 | 333-179571 | 333-164155 | 333-164167 | ||||
| 333-157212 | 333-266659 | 333-193995 | 333-164171 | 333-164168 | ||||
| 333-179570 | 333-127543 | 333-235396 | 333-164173 | 333-164169 | ||||
| 333-193994 | 333-131139 | 333-235397 | 333-164174 | 333-85296 | ||||
| 333-194818 | 333-131134 | 333-238712 | 333-88748 | 333-88972 | ||||
| 333-217721 | 333-132905 | 333-126668 | 333-71136 | 333-33504 | ||||
| 333-100597 | 333-100664 |