John Hancock Life Insurance Co. of New York Separate Account B

09/25/2024 | Press release | Distributed by Public on 09/25/2024 13:05

Post Effective Amendment to Registration Statement by Investment Company Form 485BPOS

JHNY - NY SPVL
As filed with the U.S. Securities and Exchange Commission on September 25, 2024
Registration No. 333-33504
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-6
SEC File No 811-8329
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
POST EFFECTIVE AMENDMENT NO. 25 [X]
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
AMENDMENT NO. 121 [X]
John Hancock Life Insurance Company of New York Separate Account B
(Exact Name of Registrant)
John Hancock Life Insurance Company of New York
(Name of Depositor)
100 Summit Lake Drive
Valhalla, NY 10595
(Complete address of depositor's principal executive offices)
Depositor's Telephone Number: 617-572-6000
MICHAEL A. RAMIREZ
John Hancock Life Insurance Company of New York
U.S. INSURANCE LAW
197 CLARENDON ST.
BOSTON, MA 02116
(Name and complete address of agent for service)
Approximate Date of Proposed Public Offering: As soon as practicable after effectiveness of this amendment.
It is proposed that this filing will become effective (check appropriate box):
[ ]
immediately upon filing pursuant to paragraph (b)
[X]
on September 25, 2024, pursuant to paragraph (b)
[ ]
60 days after filing pursuant to paragraph (a)(1)
[ ]
on ______ pursuant to paragraph (a)(1) of Rule 485 under the Securities Act.
If appropriate check the following box
[ ]
this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

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

SEPARATE ACCOUNTS A AND N

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,

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:

Corporate VUL 03 Survivorship VUL
Corporate VUL 04 VUL Accumulator
EPVUL VUL Protector
SPVL

Effective on October 28, 2024, the JHVIT Lifestyle Balanced Portfolio will be added as a portfolio available as an investment option under your policy.

More information about the Portfolio is available in the prospectus for the Portfolio, which may be amended from time to time. You can obtain a prospectus for the Portfolio at https://dfinview.com/johnhancock?site=funds.

The current expenses and performance information below reflects fees and expenses of the Portfolio, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.

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 a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital.

Lifestyle Balanced Portfolio - Series I

John Hancock Variable Trust Advisers LLC/Manulife Investment Management (US) LLC

0.69% 13.74 6.91 5.37

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

1

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 09/2024

333-85284 333-71136 333-85296 333-33504 333-100567
333-88748 333-100597 333-88972 333-100664

2

Prospectus

The prospectus for the policy dated April 29, 2024, as supplemented, is incorporated herein by reference to Post-Effective Amendment No. 24, File No. 333-33504, filed with the Commission on April 19, 2024 (Accession No. 0001193125-24-102569).

SAI

The Statement of Additional Information ("SAI") for the policy dated April 29, 2024, as supplemented, is incorporated herein by reference to Post-Effective Amendment No. 24, File No. 333-33504, filed with the Commission on April 19, 2024 (Accession No. 0001193125-24-102569).

PART C
OTHER INFORMATION
Item 30. Exhibits
The following exhibits are filed as part of this Registration Statement:
(b) Not applicable.
(g) The Depositor maintains reinsurance arrangements in the normal course of business, none of which are material.
(j) Not Applicable.
(l) Not Applicable.
(m) Not Applicable.
(n) Consent of Independent Registered Public Accounting Firm, filed herewith.
(n)(1) Opinion of Counsel as to the eligibility of this post-effective amendment to be filed pursuant to Rule 485(b), filed herewith.
(o) Not Applicable.
(p) Not Applicable.
(r) Not Applicable.
Powers of Attorney
Item 31. Directors and Officers of the Depositor
OFFICERS AND DIRECTORS OF JOHN HANCOCK LIFE INSURANCE COMPANY of NEW YORK
Name and Principal Business Address
Position with Depositor
Brooks Tingle
200 Berkeley Street
Boston, MA 02116
Chair, Director, President & Chief Executive Officer
Nora Newton Crouch
804 Pepper Avenue
Richmond, VA 23226
Director
Aimee DeCamillo
200 Berkeley St.
Boston, MA 02116
Director
Dara Gough
200 Berkeley St.
Boston, MA 02116
Director, Vice President
Thomas Edward Hampton
5207 2nd Street NW
Washington, DC 20011
Director
J. Stephanie Nam
129 State Street
Portsmouth, NH 03801
Director
Ken Ross
200 Berkeley St.
Boston, MA 02116
Director, Vice President
Shamus Weiland
200 Bloor Street
E. Toronto, ON M4W 1E5
Director
Henry H. Wong
200 Berkeley Street
Boston, MA 02116
Director, Vice President
Executive Vice Presidents
Andrew G. Arnott**
Global Head of Retail, GWAM
Christopher Paul Conkey**
Global Head of Public Markets
Name and Principal Business Address
Position with Depositor
Senior Vice Presidents
John Addeo**
Global Fixed Income Chief Investment Officer
John C.S. Anderson**
Global Head of Corporate Finance
Kevin J. Cloherty**
Deputy General Counsel, Global Markets
Mike Dallas**
Global Head of Employee Experience
Aimee DeCamillo*
Global Head of Retirement
Michael F Dommermuth***
Head of Wealth & Asset Management
Kristie Feinberg*
Head of MIM US and Europe
Maryscott Greenwood**
Global Head of Regulatory & Public Affairs
Len van Greuning*
Chief Information Officer MIM
Anne Hammer*
Global Chief Communications Officer
John B Maynard**
Deputy General Counsel, Legacy, Reinsurance & Tax
Steven E. Medina**
Global Equity Chief Investment Officer
Joelle Metzman**
GWAM Chief Risk Officer
Sinead O'Connor*
Head of Actuarial Policy
Wayne Park*
Head of US Retirement
Gerald Peterson**
Global Head of Operations, GWAM
Nicole Rafferty***
Global Head of Contact Centers
Susan Roberts*
Head of LTC Customer Care Transformation
Ian Roke**
Global Head of Asset & Liability Management
Thomas Samoluk**
US General Counsel and US Government Relations
Anthony Teta*
US Head of Inforce Management
Nathan Thooft**
Global MAST Chief Investment Officer
Anne Valentine-Andrews***
Global Head of Private Markets
Blake Witherington**
US Chief Credit Officer
Vice Presidents
Lynda Abend*
Mark Akerson*
Kenneth D'Amato**
Jay Aronowitz**
Kevin Askew**
William Auger*
Jack Barry*
P.J. Beltramini*
Zahir Bhanji***
Jon Bourgault**
Paul Boyne**
Ian B. Brodie**
Ted Bruntrager*
Chief Compliance Officer & Chief Risk Officer
Grant Buchanan***
Ginger Burns**
Brendan Campbell*
Yan Rong Cao*
Rick A. Carlson**
Patricia Rosch Carrington**
Alex Catterick****
Ken K. Cha*
Diana Chan***
Head of Treasury Operations
Christopher M. Chapman**
Sheila Chernicki*
Eileen Cloherty*
Maggie Coleman***
Catherine Z. Collins**
Meredith Comtois*
Thomas D. Crohan**
Susan Curry**
Kenneth Dai***
Treasury
Name and Principal Business Address
Position with Depositor
Michelle M. Dauphinais*
Frederick D Deminico**
Susan P Dikramanjian**
William D Droege**
Jeffrey Duckworth**
Marc Feliciano**
Katie M. Firth**
Carolyn Flanagan**
Lauren Marx Fleming**
Philip J. Fontana**
Laura Foster***
Matthew Gabriel*
Paul Gallagher**
Melissa Gamble**
Scott B. Garfield**
Jeffrey N. Given**
Thomas C. Goggins**
Howard C. Greene**
Erik Gustafson**
Neal Halder*
Jeffrey Hammer***
Lindsay L. Hanson*
Richard Harris***
Appointed Actuary
Jessica Harrison***
John Hatch*
Chief Operations Officer - US Segment
Justin Helferich***
Michael Hession*
Philip Huvos*
Sesh Iyengar**
Tasneem Kanji**
Geoffrey Grant Kelley**
Recep C. Kendircioglu**
Neal P. Kerins*
Michael P King***
Heidi Knapp**
Hung Ko***
Robert Krempus***
Diane R. Landers**
Michael Landolfi**
Tracy Lannigan**
Corporate Secretary
Jessica Lee***
Scott Lively**
David Loh***
Jeffrey H. Long**
Jennifer Lundmark*
Edward P. Macdonald**
Patrick MacDonnell**
Shawn McCarthy**
Andrew J. McFetridge**
Jonathan McGee**
Katie L. McKay**
Eric S. Menzer**
Stella Mink***
Michelle Morey*
Scott Morin*
Catherine Murphy*
Deputy Appointed Actuary
Richard Myrus**
Lisa Natalicchio*
Name and Principal Business Address
Position with Depositor
Jeffrey H. Nataupsky**
Scott Navin**
Jeffrey Packard**
Pragya Pandit*
Onay Payne***
Gary M. Pelletier**
David Pemstein**
Jessica Portelance***
Jason M. Pratt**
Ed Rapp**
Todd Renneker**
Chet Ritchie*
Emily Roland**
Josephine M. Rollka*
Barbara H. Rosen-Campbell**
Caryn Rothman**
Devon Russell*
Paul Sanabria**
Emory W. Sanders*
Jeffrey R. Santerre**
Marcia Schow**
Christopher L. Sechler**
Garima Vijay Sharma***
Estelle Shaw-Latimer***
Thomas Shea**
Lisa Shepard**
Alex Silva*
Chief Financial Officer - US Insurance
Susan Simi**
Darren Smith**
Jayanthi Srinivasan***
Brittany Straughn*
Katherine Sullivan**
Trevor Swanberg**
Robert E. Sykes, Jr.**
Wilfred Talbot*
Gary Tankersley*
Head of US Retirement Distribution
Michelle Taylor-Jones*
Brian E. Torrisi**
Simonetta Vendittelli*
Chief Financial Officer and Controller
Gina Goldych Walters**
Adam Weigold**
Jonathan T. White**
Bryan Wilhelm*
Karin Wilsey**
Adam Wise**
Jeffrey Wolfe**
Thomas Zakian**
*Principal Business Office is 200 Berkeley Street, Boston, MA 02116
**Principal Business Office is 197 Clarendon Street, Boston, MA 02116
***Principal Business Office is 200 Bloor Street, Toronto, Canada M4W1E5
****Principal Business Office is 250 Bloor Street, Toronto, Canada M4W1E5
Item 32. Persons Controlled by or Under Common Control with the Depositor or the Registrant
The Registrant is a separate account of the Depositor operating as a unit investment trust. The Registrant supports benefits payable under the Depositor's variable life insurance policies by investing assets allocated to various investment options in shares of John Hancock Variable Insurance Trust (formerly, John Hancock Trust) and other mutual funds registered under the
Investment Company Act of 1940 as open-end management investment companies of the "series" type.
As of the effective date of the registration statement, the Company and its affiliates are controlled by Manulife Financial Corporation.
Item 33. Indemnification
The Form of Selling Agreement or Service Agreement between John Hancock Distributors LLC ("JH Distributors") and various broker-dealers may provide that the selling broker-dealer indemnify and hold harmless JH Distributors and the Company, including their affiliates, officers, directors, employees and agents against losses, claims, liabilities or expenses (including reasonable attorney's fees), arising out of or based upon a breach of the Selling or Service Agreement, or any applicable law or regulation or any applicable rule of any self-regulatory organization or similar provision consistent with industry practice.
Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Item 34. Principal Underwriters
(a) Set forth below is information concerning other investment companies for which JH Distributors, the principal underwriter of the contracts, acts as investment adviser or principal underwriter.
Name of Investment Company
Capacity in Which Acting
John Hancock Variable Life Account S
Principal Underwriter
John Hancock Variable Life Account U
Principal Underwriter
John Hancock Variable Life Account V
Principal Underwriter
John Hancock Variable Life Account UV
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account R
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account T
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account W
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account X
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account Q
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account A
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account N
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account H
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account I
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account J
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account K
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account L
Principal Underwriter
John Hancock Life Insurance Company (U.S.A.) Separate Account M
Principal Underwriter
John Hancock Life Insurance Company of New York Separate Account B
Principal Underwriter
John Hancock Life Insurance Company of New York Separate Account A
Principal Underwriter
(b) John Hancock Life Insurance Company (U.S.A.) is the sole member of JH Distributors and the following comprise the Board of Managers and Officers of JH Distributors.
Name
Title
Rick Carlson**
Vice President, US Taxation
Jeffrey H. Long**
Vice President, Chief Financial Officer and Financial
Operations Principal
Edward P. Macdonald**
Vice President, General Counsel
Gary Tankersley*
Director, President and Chief Executive Officer
Alex Silva*
Director
Christopher Walker***
Director, Vice President, Investments
Tracy Lannigan**
Vice President, Corporate Secretary
*Principal Business Office is 200 Berkeley Street, Boston, MA 02116
**Principal Business Office is 197 Clarendon Street, Boston, MA 02116
***Principal Business Office is 200 Bloor Street, Toronto, Canada M4W1E5
(c) John Hancock Distributors LLC
Compensation received, directly or indirectly, from the Registrant by John Hancock Distributors LLC, the sole principal underwriter of the contracts funded by the Separate Account during the last fiscal year:
(1)
(2)
(3)
(4)
(5)
Name of
Principal
Underwriter
Net
Underwriting
Discounts and
Commissions
Compensation
on Events
Occasioning
the Deduction
of a Deferred
Sales Load
Brokerage
Commissions
Other
Compensation
John Hancock
Distributors LLC
$0
$0
$0
$0
Item 35. Location of Accounts and Records
The information required by this item is included in the most recent Form N-CEN filed with the SEC by the Separate Account.
Item 36. Management Services
All management services contracts are discussed in Part A or Part B.
Item 37. Fee Representation
Representation of Insurer Pursuant to Section 26 of the Investment Company Act of 1940.
John Hancock Life Insurance Company of New York hereby represents that the fees and charges deducted under the policies issued pursuant to this registration statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the Company.
Signatures
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, Commonwealth of Massachusetts, on this 25th day of September, 2024.
John Hancock Life Insurance Company of New York Separate Account B
(Registrant)
By: JOHN HANCOCK LIFE INSURANCE COMPANY of NEW YORK
By: *____________________
Brooks Tingle
Principal Executive Officer
JOHN HANCOCK LIFE INSURANCE COMPANY of NEW YORK
(Depositor)
By: *____________________
Brooke Tingle
Principal Executive Officer
/s/Michael A. Ramirez
Michael A. Ramirez, as Attorney-In-Fact
*Pursuant to Power of Attorney
Signatures
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated as of the 25th day of September, 2024.
Signatures
Title
*
Simonetta Vendittelli
Chief Financial Officer, Vice President, and
Controller
*
Brooks Tingle
Chair, Director, President and Chief Executive
Officer
*
Nora N. Crouch
Director
*
Aimee DeCamillo
Director
*
Dara Gough
Director
*
Thomas Edward Hampton
Director
*
J. Stephanie Nam
Director
*
Ken Ross
Director
*
Shamus Weiland
Director
*
Henry H. Wong
Director
/s/Michael A. Ramirez
Michael A. Ramirez, as Attorney-In-Fact
*Pursuant to Power of Attorney