0001193125-11-181611.txt : 20110705 0001193125-11-181611.hdr.sgml : 20110704 20110705123737 ACCESSION NUMBER: 0001193125-11-181611 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110705 DATE AS OF CHANGE: 20110705 EFFECTIVENESS DATE: 20110705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT N CENTRAL INDEX KEY: 0000813572 IRS NUMBER: 232030787 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-100567 FILM NUMBER: 11948542 BUSINESS ADDRESS: STREET 1: 200 BLOOR STREET EAST ST 10 STREET 2: TORONTO M4W 1EF CITY: ONTARIO CANADA STATE: A6 ZIP: 48304 BUSINESS PHONE: 4169266302 MAIL ADDRESS: STREET 1: P O BOX 600 CITY: BUFFALO STATE: NY ZIP: 14201-0600 FORMER COMPANY: FORMER CONFORMED NAME: MANUFACTURERS LIFE INS CO USA SEPARATE ACCOUNT N DATE OF NAME CHANGE: 20020411 FORMER COMPANY: FORMER CONFORMED NAME: SEPARATE ACCOUNT FOUR OF THE MANUFACTURERS LIFE INS CO OF AM DATE OF NAME CHANGE: 19920703 0000813572 S000009940 JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT N C000027518 CVUL 03 C000027519 CVUL 04 497 1 d497.htm JHUSA N - CVUL 03, CVUL 04 JHUSA N - CVUL 03, CVUL 04

Supplement Dated July 5, 2011

To

Prospectuses Dated May 2, 2011

 

 

This supplement is intended for distribution with prospectuses dated May 2, 2011 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 bear the titles:

 

Medallion Executive Variable Life    VUL Accumulator
Medallion Executive Variable Life II    Accumulation VUL
Medallion Executive Variable Life III    Corporate VUL
Majestic Variable Universal Life    EPVUL
Majestic Variable Universal Life 98    Medallion Variable Life
Variable Master Plan Plus    Medallion Variable Universal Life Plus
Majestic Variable COLI    Medallion Variable Universal Life Edge
Majestic Variable Estate Protection    Medallion Variable Universal Life Edge II
Majestic Variable Estate Protection 98    Annual Premium Variable Life
Majestic Performance Survivorship Variable Universal Life    Flex V1
Variable Estate Protection    Flex V2
Variable Estate Protection Plus    VUL Protector
Variable Estate Protection Edge    SPVL
Performance Executive Variable Life    Survivorship VUL
Performance Survivorship Variable Universal Life    Protection Variable Universal Life

Table of Investment Options and Investment Subadvisers

Effective June 27, 2011 the Optimized All Cap portfolio changed its name to Fundamental All Cap Core and the Optimized Value portfolio has changed its name to the Fundamental Large Cap Value. In addition, each of these portfolios has revised its investment objective. Accordingly, we amend and restate the following disclosure under the Table of Investment Options and Investment Subadvisers to reflect these changes:

 

Fundamental All Cap Core (formerly Optimized All Cap)        John Hancock Asset Management, a division of Manulife Asset Management (US) LLC        To seek long-term growth of capital. Under normal market conditions, the portfolio invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Market capitalizations of these companies will span the capitalization spectrum. Equity securities include common, convertible, and preferred securities and their equivalents.
Fundamental Large Cap Value (formerly Optimized Value)    John Hancock Asset Management, a division of Manulife Asset Management (US) LLC    To seek long-term capital appreciation. Under normal market conditions, the portfolio invests at least 80% of its net assets in equity securities of large-capitalization companies. The portfolio considers large-capitalization companies to be those that at the time of purchase have a market capitalization equal to or greater than that of the top 80% of the companies that comprise the Russell 1000 Index.* Equity securities include common, convertible, and preferred securities and their equivalents.

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

 

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Prior to making any investment decisions, you should carefully review your product prospectus and all applicable supplements. Certain of the investment options described in this supplement may not be available to you under your policy. 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 V2 07/2011

 

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