0001193125-16-745219.txt : 20161024 0001193125-16-745219.hdr.sgml : 20161024 20161024165202 ACCESSION NUMBER: 0001193125-16-745219 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: 333-152409 FILM NUMBER: 161948575 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 C000069370 Corporate VUL 497 1 d267718d497.htm JHUSA N - CVUL 09 JHUSA N - CVUL 09

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:

 

Accumulation VUL 2014

   

Survivorship Variable Universal Life

Corporate VUL

   

Majestic VULX

Protection VUL 2012

   

Majestic Survivorship VULX

Simplified Life

   

Majestic VCOLIX

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 Portfolio Annual Expenses.

 

Portfolio

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

Lifestyle Growth PS

      0.04 %      0.00 %      0.02 %      0.55 %      0.61 % 

 

* Acquired Fund Fees and Expenses” are based on indirect net expenses associated with the portfolio’s investments in the funds (each an “Acquired Fund”) of underlying investment companies. The “Total Fund Operating Expenses” shown may not correlate to the portfolio’s ratios of expenses to average net assets shown in the Financial Highlights section of the prospectus for the portfolio, which does not include “Acquired Fund Fees and Expenses.” For more information, please refer to the prospectus for the portfolio.

 

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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 be subadvised by John Hancock Asset Management, a division of Manulife Asset Management (North America) Limited. Declaration Management & 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.

 

333-141692   333-179570   333-141693   333-153253
333-148991   333-193994   333-148992   333-179571
333-151630   333-194818   333-151631   333-193995
333-153252   333-152409   333-152408   333-194819

VLI ProdSupp VL1 10/2016

 

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