497 1 d879235d497.htm JHUSA N - CVUL 05 JHUSA N - CVUL 05

Supplement Dated March 3, 2020

 

 

This supplement is intended for distribution with prospectuses dated April 29, 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:

 

Accumulation VUL 19

           Majestic Accumulation VUL 19

Accumulation VUL 2014

           Majestic VULX

Protection VUL 2012

           Majestic Survivorship VULX

Protection VUL 2017

           Majestic VCOLIX

Survivorship Variable Universal Life

           Accumulation VUL

Medallion Executive Variable Life

           Majestic Performance Survivorship Variable Universal Life

Medallion Executive Variable Life II

           Medallion Variable Life

Medallion Executive Variable Life III

           Simplified 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

Majestic Performance VUL

          

Medallion Variable Universal Life Plus

Medallion Variable Universal Life Edge

eVariable Life

           Medallion Variable Universal Life Edge II

Protection VUL

           Flex V1

Accumulator

           Flex V2

EPVUL

           SPVL

VUL Protector

           SVUL

Annual Premium Variable Life

            

CVUL

            

Portfolio Name Change and Subadviser Change

We amend the Table of Investment Options and Investment Subadvisers to reflect the following portfolio name change and subadviser change:

 

Former Name

  

New Name

  

Former Subadviser

  

New Subadviser

Global Bond   

Opportunistic

Fixed Income

   Pacific Investment Management Company LLC    Wellington Management Company LLP

Accordingly, all references in the prospectuses to the Former Name and Former Subadviser are changed to the New Name and New Subadviser, respectively, effective immediately.

 

 

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 03/2020