Supplement Dated November 4, 2019
This supplement is intended for distribution with prospectuses dated April 30, 2019, 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:
Medallion Executive Variable Life |
Variable Estate Protection | |||||
Medallion Executive Variable Life II |
Variable Estate Protection Plus | |||||
Medallion Executive Variable Life III |
Variable Estate Protection Edge | |||||
Majestic Variable Universal Life |
Performance Executive Variable Life | |||||
Majestic Variable Universal Life 98 |
Performance Survivorship Variable Universal Life | |||||
Variable Master Plan Plus |
Medallion Variable Universal Life Plus | |||||
Majestic Variable COLI |
Medallion Variable Universal Life Edge | |||||
Majestic Variable Estate Protection |
Medallion Variable Universal Life Edge II | |||||
Majestic Variable Estate Protection 98 |
Accumulator | |||||
Majestic Performance VUL |
VUL Protector | |||||
Majestic Performance Survivorship Variable Universal Life |
EPVUL | |||||
Protection Variable Universal Life |
SPVL | |||||
Accumulation VUL |
SVUL | |||||
Simplified Life |
||||||
CVUL |
Portfolio Mergers
Effective after the close of business on November 1, 2019, 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
| |
International Growth Stock |
International Equity Index | |
Utilities |
Equity Income |
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 November 1, 2019. Any reference in your product prospectus to the Acquired Portfolios should be replaced with the names of the corresponding Acquiring Portfolios.
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 11/2019