Supplement Date November 7, 2012
To
Prospectuses Dated April 30, 2012 and May 30, 2012
This supplement is intended for distribution with prospectuses dated April 30, 2012 and May 30, 2012 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:
Accumulation VUL Corporate VUL Protection Variable Universal Life Protection VUL 2012 Survivorship Variable Universal Life |
Majestic Performance VUL Majestic VULX Majestic Survivorship VULX Majestic VCOLIX |
Portfolio Mergers
Effective after the close of business on November 2, 2012, the portfolios of John Hancock Variable Insurance Trust listed below under Acquired Portfolios merged into the corresponding John Hancock Variable Insurance Trust portfolio listed below under Acquiring Portfolios.
Acquired Portfolios |
Acquiring Portfolios | |
American Blue Chip Income & Growth |
American Growth-Income | |
International Opportunities |
International Growth Stock | |
International Equity Index A |
International Equity Index B |
As a result, you will not be able to allocate your policy value or any premium payments to an investment account corresponding with one of the Acquired Portfolios after November 2, 2012. You should disregard any reference in your product prospectus to the Acquired Portfolios.
Portfolio Addition
Effective November 5, 2012, the list of investment accounts on the first page of the prospectus is updated to reflect the addition of the International Growth Stock portfolio to your policy, which invests in the corresponding portfolio of the John Hancock Variable Insurance Trust.
We add the following disclosure to the Portfolio Annual Expenses.
Portfolio |
Management Fees | 12b-1 Fees | Other Expenses |
Acquired Fund Fees and Expenses |
Total Operating Expenses |
|||||||||||||||
International Growth Stock |
0.83 | % | 0.00 | % | 0.15 | % | 0.00 | % | 0.98 | % |
We add the following disclosure to the Table of Investment Options and Investment Subadvisers:
Portfolio |
Portfolio Manager |
Investment Objective | ||
International Growth Stock | Invesco Advisers, Inc. | To seek to achieve long-term growth of capital. The portfolio invests primarily in a diversified portfolio of international securities whose issuers are considers by the portfolios subadviser to have strong earnings growth. Under normal market conditions, the portfolio invests at least 80% of its net assets (plus any borrowings for investment purposes) in stock of any market capitalization. |
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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.
333-131299 | 333-152409 | 333-131134 | ||||
333-141692 | 333-148992 | 333-132905 | ||||
333-148991 | 333-151631 | 333-141693 | ||||
333-151630 | 333-152407 | 333-85284 | ||||
333-152406 | 333-152408 | 333-124150 | ||||
333-153252 | 333-153253 | 333-127543 | ||||
333-157212 | 333-157213 | |||||
333-179570 | 333-179571 | |||||
333-126668 | 333-131139 |
VLI ProdSupp VL1 11/2012
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