0001193125-16-745209.txt : 20161024 0001193125-16-745209.hdr.sgml : 20161024 20161024164902 ACCESSION NUMBER: 0001193125-16-745209 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20161024 DATE AS OF CHANGE: 20161024 EFFECTIVENESS DATE: 20161024 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: 333-126668 FILM NUMBER: 161948530 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 C000027520 CVUL 05 497 1 d267523d497.htm JHUSA N - CVUL 05 JHUSA N - CVUL 05

Supplement Dated October 24, 2016

To

Prospectuses Dated May 2, 2016

 

 

This supplement is intended for distribution with prospectuses dated May 2, 2016, 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 Survivorship Variable Universal Life
Medallion Executive Variable Life II   Medallion Variable 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   Medallion Variable Universal Life Plus
Majestic Performance VUL   Medallion Variable Universal Life Edge
eVariable Life   Medallion Variable Universal Life Edge II
Majestic Performance VUL   Flex V1
Protection VUL   Flex V2
Accumulation VUL   VLI
CVUL  

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 October 21, 2016. Any reference in your product prospectus to the Acquired Portfolios should be replaced with the names of the corresponding Acquiring Portfolio.

Portfolio Mergers

Effective after the close of business on October 21, 2016, 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

Franklin Templeton Founding Allocation   Lifestyle Growth PS
International Core   International Value
U.S. Equity   500 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 October 21, 2016. Any reference in your product prospectus to the Acquired Portfolios should be replaced with the names of the corresponding Acquiring Portfolio.

Portfolio Addition

Effective October 24, 2016, the list of investment accounts on the first page of the prospectus is updated to reflect the addition of the Lifestyle Growth PS portfolio to your policy, which invests in the corresponding portfolio of the John Hancock Variable Insurance Trust.

We add the following disclosure to the Table of Investment Options and Investment Subadvisers:

 

Portfolio

   

Portfolio Manager

   

Investment Objective

Lifestyle Growth PS   

John Hancock Asset Management, a division of Manulife Asset Management (US) LLC

John Hancock Asset Management, a division of Manulife Asset Management (North America) Limited

    To seek to achieve long-term growth of capital. Current income is also a consideration.

Portfolio Subadviser Changes:

We amend the Table of Investment Options and Investment Subadvisers to reflect the following:

 

  •   Active Bond will subadvised by John Hancock Asset Management, a division of Manulife Asset Management (North America) Limited. Declaration Mana3
  •   gement & Research, LLC will no longer be a subadviser to the Active Bond portfolio.

 

  •   Total Bond Market B will be subadvised by John Hancock Asset Management, a division of Manulife Asset Management (North America) Limited. Declaration Management & Research, LLC will no longer be the subadviser to the Total Bond Market B portfolio.

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 11/2016

 

333-164150    333-164163    333-164154    333-124150
333-164151    333-164165    333-164157    333-157212
333-164152    333-164166    333-164158    333-85284
333-164153    333-164167    333-164159    333-126668
333-164156    333-164168    333-164160    333-127543
333-164155    333-164169    333-164171    333-131134
333-164161    333-164170    333-164172    333-152407
333-164162    333-164173    333-164175    333-131299
333-164164    333-164174    333-164176    333-131139

333-152406

    333-152409    333-132905    333-157213