Supplement Date January 20, 2012
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 |
Performance Executive Variable Life | |
Medallion Executive Variable Life II |
Performance Survivorship Variable Universal Life | |
Medallion Executive Variable Life III |
VUL Accumulator | |
Majestic Variable Universal Life |
Accumulation VUL | |
Majestic Variable Universal Life 98 |
Corporate VUL | |
Variable Master Plan Plus |
EPVUL | |
Majestic Variable COLI |
Medallion Variable Universal Life Plus | |
Majestic Variable Estate Protection |
Medallion Variable Universal Life Edge | |
Majestic Variable Estate Protection 98 |
Medallion Variable Universal Life Edge II | |
Majestic Performance Survivorship Variable Universal Life |
VUL Protector | |
Variable Estate Protection |
SPVL | |
Variable Estate Protection Plus |
Survivorship VUL | |
Variable Estate Protection Edge |
Protection Variable Universal Life |
Subadviser Change
Effective January 19, 2012, Grantham, Mayo, Van Otterloo & Co., LLC replaced UBS Global Asset Management (Americas) Inc. as subadviser to the Large Cap portfolio. This change is reflected in the section of your prospectus entitled Table of Investment Options and Subadvisers as follows:
Portfolio |
Portfolio Manager |
Investment Objective | ||
Large Cap |
Grantham, Mayo, Van Otterloo & Co., LLC | To seek to maximize total return, consisting of capital appreciation and current income. Under normal market conditions, the portfolio invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of large capitalization companies tied economically to the U.S. The portfolio defines large capitalization companies as those with a market capitalization range, at the time of investment, equal to that of the Russell 1000 Index. As of October 31, 2011, the market capitalization range of the Russell 1000 Index was $877 million to $385 billion. |
You should read this supplement together with the prospectus for the contract you purchased, and retain both 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 VL2 1/2012