497 1 d450632d497.htm JHUSA N - CVUL 09 JHUSA N - CVUL 09

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