Supplement Dated January 14, 2014
To
Prospectuses Dated April 29, 2013
This supplement is intended for distribution with prospectuses dated April 29, 2013 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 | Majestic Performance VUL | |
Medallion Executive Variable Life II | Variable Estate Protection | |
Medallion Executive Variable Life III | Variable Estate Protection Plus | |
Majestic Variable Universal Life | Variable Estate Protection Edge | |
Majestic Variable Universal Life 98 | Performance Executive Variable Life | |
Variable Master Plan Plus | Performance Survivorship Variable Universal Life | |
Majestic Variable COLI | Medallion Variable Universal Life Plus | |
Majestic Variable Estate Protection | Medallion Variable Universal Life Edge | |
VUL Accumulator | SPVL | |
Corporate VUL | Survivorship VUL | |
EPVUL | Protection Variable Universal Life | |
VUL Protector | Medallion Variable Universal Life Edge II | |
Medallion Variable Universal Life | Flex V1 | |
Flex V2 | Annual Premium Variable Life | |
Majestic Performance Survivorship Variable Universal Life |
Effective March 3, 2014, we amend and restate the investment objectives of the Lifestyle portfolios contained in the table of Investment Options and Investment Subadvisers as follows:
Portfolio |
Portfolio Manager |
Investment Objective | ||
Lifestyle Aggressive | John Hancock Asset Management, a division of Manulife Asset Management (US) LLC; and John Hancock Asset Management, a division of Manulife Asset Management (North America) Limited | To seek long-term growth of capital while seeking to both manage the volatility of return and limit the magnitude of portfolio losses. The portfolio normally invests primarily in underlying funds that invest primarily in equity securities. The portfolio may also use certain risk management techniques to seek to manage volatility of returns and limit the magnitude of portfolio losses. | ||
Lifestyle Balanced | John Hancock Asset Management, a division of Manulife Asset Management (US) LLC; and John Hancock Asset Management, a division of Manulife Asset Management (North America) Limited | To seek growth of capital and current income while seeking to both manage the volatility of return and limit the magnitude of portfolio losses. The portfolio normally invests primarily in underlying funds that invest primarily in equity securities and underlying funds that invest primarily in fixed-income securities. The portfolio may also use certain risk management techniques to seek to manage the volatility of returns and limit the magnitude of portfolio losses. | ||
Lifestyle Conservative | John Hancock Asset Management, a division of Manulife Asset Management (US) LLC; and John Hancock Asset Management, a division of Manulife Asset Management (North America) Limited | To seek current income and growth of capital while seeking to both manage the volatility of return and limit the magnitude of portfolio losses. The portfolio normally invests primarily in underlying funds that invest primarily in equity securities and underlying funds that invest primarily in fixed-income securities. The portfolio may also use certain risk management techniques to seek to manage the volatility of returns and limit the magnitude of portfolio losses. |
Portfolio |
Portfolio Manager |
Investment Objective | ||
Lifestyle Growth | John Hancock Asset Management, a division of Manulife Asset Management (US) LLC; and John Hancock Asset Management, a division of Manulife Asset Management (North America) Limited | To seek long-term growth of capital while seeking to both manage the volatility of return and limit the magnitude of portfolio losses. The portfolio normally invests primarily in underlying funds that invest primarily in equity securities and underlying funds that invest primarily in fixed-income securities. The portfolio may also use certain risk management techniques to seek to manage the volatility of returns and limit the magnitude of portfolio losses. | ||
Lifestyle Moderate | John Hancock Asset Management, a division of Manulife Asset Management (US) LLC; and John Hancock Asset Management, a division of Manulife Asset Management (North America) Limited | To seek current income and growth of capital while seeking to both manage the volatility of return and limit the magnitude of portfolio losses. The portfolio normally invests primarily in underlying funds that invest primarily in equity securities and underlying funds that invest primarily in fixed-income securities. The portfolio may also use certain risk management techniques to seek to manage the volatility of returns and limit the magnitude of portfolio losses. |
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.
333-164150 | 333-164160 | 333-164170 | 333-124150 | 333-131139 | ||||
333-164151 | 333-164161 | 333-164171 | 333-1312999 | 333-131134 | ||||
333-164152 | 333-164162 | 333-164172 | 333-157212 | 333-132905 | ||||
333-164153 | 333-164164 | 333-164173 | 333-100567 | 333-157213 | ||||
333-164156 | 333-164163 | 333-164175 | 333-126668 | |||||
333-164154 | 333-164165 | 333-164176 | 333-85296 | |||||
333-164155 | 333-164166 | 333-85284 | 333-88972 | |||||
333-164157 | 333-164167 | 333-88748 | 333-33504 | |||||
333-164158 | 333-164168 | 333-71136 | 333-100664 | |||||
333-164159 | 333-164169 | 333-100597 | 333-127543 |
VLI ProdSupp VL2 01/2014