497 1 d497.txt JOHN HANCOCK LIFE INSURANCE COMPANY USA ACCOUNT N - CVUL 05 Supplement Dated November 13, 2007 To Prospectuses Dated May 1, 2007 or Later This supplement is intended for distribution with prospectuses dated May 1, 2007 or later for variable life insurance contracts issued by John Hancock Life Insurance Company, John Hancock Variable Life Insurance Company, John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, as applicable. The affected prospectuses bear the titles: Medallion Executive Variable Life Medallion Variable Universal Life Plus Medallion Executive Variable Life II Medallion Variable Universal Life Edge Medallion Executive Variable Life III Medallion Variable Universal Life Edge II Majestic Variable Universal Life Variable Master Plan Plus Majestic Variable Universal Life 98 Majestic Variable COLI Variable Estate Protection Accumulation VUL Majestic Variable Estate Protection Protection VUL Majestic Variable Estate Protection 98 Survivorship Variable Universal Life Variable Estate Protection Edge Majestic Performance VUL Variable Estate Protection Plus Corporate VUL Majestic Performance Survivorship Variable Universal Life Performance Survivorship Variable Universal Life Performance Executive Variable Life Changes to Variable Investment Options Effective November 9, 2007, the Special Value portfolio merged into the Small Cap Value portfolio. As a result, you will not be able to allocate your Policy Value or any Premium Payments to the variable investment option corresponding to the underlying Special Value portfolio after November 9, 2007. You should disregard any reference in the product prospectuses to the Special Value portfolio. If you need additional information, please contact your representative or contact our Service Office at the address or telephone number on the back page of your product prospectus. You should read this supplement together with the prospectus for the contract you purchase, and retain both for future reference. VLI ProdSupp 11/07