Supplement Dated October 30, 2017
This supplement is intended for distribution with prospectuses dated May 1, 2017, 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. The affected prospectuses bear the titles:
Accumulation VUL 2014 | Survivorship Variable Universal Life | |
Corporate VUL | Majestic VULX | |
Protection VUL 2012 | Majestic Survivorship VULX | |
Protection VUL 2017 | Majestic VCOLIX | |
Simplified Life |
Portfolio Mergers
Effective after the close of business on October 27, 2017, 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 New World | Emerging Markets Value | |
Core Strategy | Lifestyle Growth PS | |
Value | Mid Cap Index |
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 27, 2017. Any reference in your product prospectus to the Acquired Portfolios should be replaced with the names of the corresponding Acquiring Portfolios.
Portfolio Name Changes
Effective after the close of business on October 27, 2017, we amend the Table of Investment Options and Investment Subadvisers to reflect the following portfolio name changes:
Current Name | New Name | |
500 Index B | 500 Index | |
International Equity Index B | International Equity Index | |
Lifestyle Aggressive MVP | Managed Volatility Aggressive | |
Lifestyle Balanced MVP | Managed Volatility Balanced | |
Lifestyle Conservative MVP | Managed Volatility Conservative | |
Lifestyle Growth MVP | Managed Volatility Growth | |
Lifestyle Moderate MVP | Managed Volatility Moderate | |
Lifestyle Growth PS | Lifestyle Growth | |
Total Bond Market B | Total Bond Market |
Portfolio Closure
After the close of business on October 27, 2017, the Alpha Opportunities portfolio will no longer be available for new investment. Policy owners with policy value allocated to the Alpha Opportunities portfolio at the close of business on October 27, 2017, may continue to allocate premium or transfer policy value to and from the Alpha Opportunities portfolio, pursuant to the terms of the contract and prospectus. The Table of Investment Options and Investment Subadvisers has been amended to reflect the Alpha Opportunities portfolio closure to new investments.
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 | 333-217721 | ||||
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 10/2017