JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)
SEPARATE ACCOUNTS A AND N
JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT B
Supplement dated May 21, 2024 to the Statutory Prospectuses,
Updating Summary Prospectuses, and Initial Summary Prospectuses,
dated April 29, 2024
Changes to Variable Investment Options
This Supplement is intended for distribution with the Statutory Prospectuses, Updating Summary Prospectuses, and Initial Summary Prospectuses, as applicable, (each a “prospectus”) dated April 29, 2024 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 belong to the following policies:
| Corporate VUL 03 | Survivorship VUL | |
| Corporate VUL 04 | VUL Accumulator | |
| EPVUL | VUL Protector | |
| SPVL | ||
Portfolio Name Change and Subadviser Change
Effective on or about May 29, 2024 (the “Effective Date”), the Emerging Markets Value Trust will be renamed as listed below:
| Former Name | New Name | |
| Emerging Markets Value Trust | Disciplined Value Emerging Markets Equity Trust |
On or about the Effective Date, the renamed portfolio’s subadvisor will be replaced as indicated below:
| Former Subadviser | New Subadviser | |
| Dimensional Fund Advisors LP | Boston Partners Global Investors, Inc. |
As a result, after the Effective Date, all references in the prospectuses to the Former Name and Former Subadviser are changed to the New Name and New Subadviser, respectively.
Changes to Current Expenses
On or about the Effective Date, there is a reduction in “Current Expenses” for the JHVIT Disciplined Value Emerging Markets Equity Trust in the “Appendix: Portfolios Available Under the Contract” section of the prospectus.
Accordingly, the name, subadviser, and “Current Expenses” of the JHVIT Emerging Markets Value Trust Series I portfolio are deleted in the “Appendix: Portfolios Available Under the Contract” section of each prospectus and replaced with the following:
| Investment Objective | Portfolio and Adviser/Subadviser | Current Expenses |
Average Annual
Total (as of 12/31/23) (%) |
|||||||||||||||
| 1-Year | 5-Year | 10-Year | ||||||||||||||||
| To seek long-term capital appreciation. |
Disciplined Value Emerging Markets Equity Trust – Series I John Hancock Variable Trust Advisers LLC/Boston Partners Global Investors, Inc. |
1.01 | %* | 15.19 | 5.38 | 3.01 | ||||||||||||
| * | This portfolio’s annual expenses reflect temporary fee or expense waivers or reimbursements. |
You should read this supplement together with the prospectus for the contract you purchased and retain both documents 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 VL 05/2024
| 333-85284 | 333-71136 | 333-85296 | 333-33504 | 333-100567 | ||||
| 333-88748 | 333-100597 | 333-88972 | 333-100664 |