497 1 d919484d497.htm JHUSA N - CVUL 05 JHUSA N - CVUL 05

Supplement Dated April 27, 2015

To

Prospectuses Dated April 27, 2015

This supplement is intended for distribution with prospectuses dated April 27, 2015, or later, 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.

If your policy is titled

 

VUL Accumulator    VUL Protector    Survivorship VUL
CVUL    Accumulation VUL    SPVL
EPVUL    Majestic Performance VUL    Protection VUL

Portfolio Annual Expenses

The Management Fees for the portfolios listed below have been revised to reflect a lower Management Fee and a reduction in the Total Operating Expenses.

 

Portfolio

   Management Fees     12b-1 Fees     Other Expenses     Acquired Fund
Fees and Expenses
    Total Operating
Expenses
 

Financial Industries

     0.76     0.05     0.10     0.08     0.99

Fundamental Large Cap Value

     0.62     0.05     0.03     0.00     0.70

Health Sciences

     0.95     0.05     0.04     0.00     1.04

Small Cap Growth

     1.04     0.05     0.04     0.00     1.13

If your policy is titled

 

Medallion Executive Variable Life

Medallion Executive Variable Life II

   Majestic Performance Survivorship Variable Universal Life
Medallion Executive Variable Life III    Protection Variable Universal Life
Majestic Variable Universal Life    Variable Estate Protection
Majestic Variable Universal Life 98    Variable Estate Protection Plus
Variable Master Plan Plus    Variable Estate Protection Edge
Majestic Variable COLI    Performance Executive Variable Life
Majestic Variable Estate Protection    Performance Survivorship Variable Universal Life

Majestic Variable Estate Protection 98

Majestic Performance VUL

   Medallion Variable Universal Life Plus
Corporate VUL    Medallion Variable Universal Life Edge

Accumulation VUL

Survivorship VUL

   Medallion Variable Universal Life Edge II Majestic Performance VUL

Portfolio Annual Expenses

The Management Fees for the portfolios listed below have been revised to reflect a lower Management Fee and a reduction in the Total Operating Expenses.

 

Portfolio

   Management Fees     12b-1 Fees     Other Expenses     Acquired Fund
Fees and Expenses
    Total Operating
Expenses
 

Financial Industries

     0.76     0.00     0.10     0.08     0.94

Fundamental Large Cap Value

     0.62     0.00     0.03     0.00     0.65

Health Sciences

     0.95     0.00     0.04     0.00     0.99

Small Cap Growth

     1.04     0.00     0.04     0.00     1.08


If your policy is titled eVariable Life, Flex V1, Flex V2 or Medallion Variable Life, we revise the Maximum expense disclosed in the following table in your prospectus, as follows:

Total Annual Portfolio Expenses

 

Total Annual Portfolio Operating Expenses

   Minimum     Maximum  

Range of expenses, including management fees, distribution and/or service (12b-1) fees, and other expenses.1

     0.49     1.08

Portfolio Annual Expenses

The Management Fees for the portfolios listed below have been revised to reflect a lower Management Fee and a reduction in the Total Operating Expenses.

 

Portfolio

   Management Fees     12b-1 Fees     Other Expenses     Acquired Fund
Fees and Expenses
    Total Operating
Expenses
 

Financial Industries

     0.76     0.00     0.10     0.08     0.94

Fundamental Large Cap Value

     0.62     0.00     0.03     0.00     0.65

Health Sciences

     0.95     0.00     0.04     0.00     0.99

Small Cap Growth

     1.04     0.00     0.04     0.00     1.08

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 5/2015

 

333-164150

  333-164163   333-85284   333-127543   333-164175

333-164151

  333-164165   333-88748   333-131139   333-164176

333-164152

  333-164166   333-71136   333-131134   333-164158

333-164153

  333-164167   333-100597   333-132905   333-164159

333-164156

  333-164168   333-124150   333-157213   333-164160

333-164155

  333-164169   333-131299   333-85296  

333-164161

  333-164170   333-157212   333-88972  

333-164162

  333-164173   333-100567   333-33504  

333-164164

  333-164174   333-126668   333-100664  

333-164154

  333-164171   333-152406   333-152407