Updating Summary Prospectus (Form 497VPU)

Table of Contents 

Updated Information About Your Policy	3
important Information you should consider about the policy	3
Appendix: Portfolios Available Under The Policy	Appendix-1

Updated Information About Your Policy

The information in this section of the Updating Summary Prospectus is a summary of certain Policy features that have changed since the Prospectus dated April 29, 2024. This may not reflect all of the changes that have occurred since you entered into your Policy.

Underlying Investment Options

• Fee and performance information have been updated and are reflected in the APPENDIX: PORTFOLIOS AVAILABLE UNDER THE POLICY.

• The JHVIT Emerging Markets Value Trust was renamed the JHVIT Disciplined Value Emerging Markets Equity Trust and changed its subadviser to Boston Partners Global Investors, Inc.

• The Bain Capital Equity Opportunities Fund - Class 2 has been added as an available investment option.

• The PIMCO VIT All Asset Portfolio was removed as an available investment option and was substituted with the JHVIT Lifestyle Balanced Portfolio.

• The JHVIT High Yield Trust changed its subadviser to Manulife Investment Management (US) LLC.

• The JHVIT Small Cap Value Trust was renamed the JHVIT Small Cap Core Trust and changed its subadviser to Manulife Investment Management (US) LLC.

New Email Address for Product Documents

• The email address in the prospectuses to obtain certain documents about your Policy is updated to the following: life_and_annuities_prospectuses@jhancock.com.

important Information you should consider about the policy 

FEES AND EXPENSES
Charges for Early Withdrawals	There is a charge assessed upon a withdrawal.			FEE TABLE   Deductions from account value
Transaction Charges	In addition to withdrawal charges (if applicable), you may also be charged for the following transactions:   A sales charge will be deducted upon payment of premium.   A transfer fee may be deducted upon transfers into or out of a variable investment account after you have made more than 12 such transfers in a year.			FEE TABLE     Deductions from account value

FEES AND EXPENSES
Ongoing Fees and Expenses (annual charges)	In addition to withdrawal charges and transaction charges, you will also be subject to certain ongoing fees and expenses, including an insurance charge, administrative charge, issue charge, guaranteed minimum death benefit charge, asset-based risk charge, policy loan costs, and supplementary benefit rider charges. Some of these fees and expenses are based wholly or in part on the characteristics of the insured persons (e.g., age, sex, and underwriting classification).   You should view the "policy specifications" page of your policy for rates applicable to your policy.			FEE TABLE   Deductions from account value
	You will also bear expenses associated with the portfolios under the policy, as shown in the following table:			Charges at the portfolio level   APPENDIX
	Annual Fee	Minimum	Maximum
	Variable investment options (portfolio fees and expenses)	0.39%	105.75%

 

RISKS
Risk of Loss	You can lose money by investing in this policy.	PRINCIPAL RISKS OF INVESTING IN A POLICY
Not a Short- Term Investment	This policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The policy is unsuitable as a short-term savings vehicle because of substantial policy-level charges, including the premium charge and the surrender charge, as well as potential adverse tax consequences from such short-term use.	Early Surrender or Withdrawal Risk/Not a Short-Term Investment
Risks Associated with Investment Options	An investment in this policy is subject to the risk of poor performance and can vary depending on the performance of the account allocation options available under the policy (e.g., portfolios). Each such option (including the fixed investment option) will have its own unique risks, and you should review these options before making an allocation decision. You can find the prospectuses and other information about the portfolios at dfinview.com/JohnHancock/TAHD/MVCOLI_UV?site=Majestic.	Investment Risk/Risk of Loss
Insurance Company Risks	Your investment in the policy is subject to risks related to John Hancock USA, including that the obligations (including under the fixed investment option), guarantees, or benefits are subject to the claims-paying ability of John Hancock USA. Information about John Hancock USA, including its financial strength ratings, is available upon request from your John Hancock USA representative. Our current financial strength ratings can also be obtained by contacting the Service Office at 1-800-448-1616.	Depositor   Registrant
Policy Lapse	Either your entire policy or the Additional Sum Insured portion of your Total Sum Insured can terminate (i.e., "lapse") for failure to pay charges due under the policy. This can happen as a result of insufficient premium payments, poor performance of the variable or general account options you have chosen, withdrawals, or unpaid loans or loan interest. If a default is not cured within a 61-day grace period, your policy will lapse without value, and no death benefit or other benefits will be payable. You can apply to reinstate a policy that has gone into default, subject to conditions including payment of a specified amount of additional premiums.	Lapse and Reinstatement

 

RESTRICTIONS
Investments	There are restrictions that may limit the variable investment account options and general account options (including the fixed investment option) that you may choose, as well as limitations on the transfer of account value among those options. These restrictions may include a monthly limit on the number of transfers you may make. We may also impose additional restrictions to discourage market timing and disruptive trading activity.   In particular, your allocation options will be affected if you elect to take a loan or receive benefits under certain supplementary benefit riders.   Among other things, the policy also allows us to eliminate the shares of a portfolio or substitute shares of another new or existing portfolio, subject to applicable legal requirements.	Limitations on transfers to or from a variable investment account   Limitations on transfers out of the fixed investment option   Effect of Loans on Cash Value and Death Benefit     Portfolios
Optional Benefits	There are restrictions and limitations relating to optional benefits, as well as conditions under which an optional benefit may be modified or terminated by us. For example, certain supplementary benefit riders may be subject to underwriting, and your election of an option may result in restrictions upon some of the policy benefits, including availability of investment options.	More About Certain Optional Benefits

 

TAXES
Tax Implications	You should consult with a tax professional to determine the tax implications of an investment in and payments received under the policy. There is no additional tax benefit to you if the policy is purchased through a tax-qualified plan. If we pay out any amount of your account value upon surrender or partial withdrawal, all or part of that distribution would generally be treated as a return of the premiums you've paid and not subjected to income tax, with any portion not treated as a return of your premiums includible in your income. Distributions also are subject to tax penalties under some circumstances.	Tax Consequences of Owning a Policy

 

CONFLICTS OF INTEREST
Investment Professional Compensation	Some investment professionals may receive compensation for selling the policy, including by means of commissions and revenue sharing arrangements. These investment professionals may have a financial incentive to offer or recommend this policy over another investment.	Commissions Paid to Dealers
Exchanges	Some investment professionals may have a financial incentive to offer you a new policy in place of the one you already own, and you should only exchange your policy if you determine, after comparing the features, fees, and risks of both policies, that it is preferable for you to purchase the new policy rather than continue to own the existing policy.	Commissions Paid to Dealers

Appendix: Portfolios Available Under The Policy

The following is a list of portfolios available under the policies. More information about the portfolios is available in the prospectuses for the portfolios, which may be amended from time to time. You can find the prospectuses and other information about the portfolios at dfinview.com/JohnHancock/TAHD/MVCOLI_UV?site=Majestic. You can also request this information at no cost by calling 1-800-448-1616 or by sending an email request to life_and_annuities_prospectuses@jhancock.com.

The current expenses and performance information below reflect fees and expenses of the portfolios, but do not reflect the other fees and expenses that your policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each portfolio's past performance is not necessarily an indication of future performance. 

Investment Objective	Portfolio and Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/24) (%)
			1-Year	5-Year	10-Year
To approximate the aggregate total return of a broad-based U.S. domestic equity market index.	500 Index Trust - Series NAV   John Hancock Variable Trust Advisers LLC/Manulife Investment Management (North America) Limited	0.25%*	24.67	14.23	12.81
To seek income and capital appreciation.	Active Bond Trust - Series NAV   John Hancock Variable Trust Advisers LLC/Manulife Investment Management (US) LLC	0.65%*	2.16	0.31	1.93
To seek to provide high total return (including income and capital gains) consistent with preservation of capital over the long term.	American Asset Allocation Trust - Series I   Capital Research and Management Company (Adviser to the Master Fund, American Fund Insurance Series)	0.91%*	16.02	7.93	7.93
To seek to provide long-term growth of capital.	American Global Growth Trust - Series I   Capital Research and Management Company (Adviser to the Master Fund, American Fund Insurance Series)	1.06%*	13.20	9.33	10.32
To seek to provide growth of capital.	American Growth Trust - Series I   Capital Research and Management Company (Adviser to the Master Fund, American Fund Insurance Series)	0.96%*	31.09	18.39	16.15
To seek to provide long-term growth of capital and income.	American Growth-Income Trust - Series I   Capital Research and Management Company (Adviser to the Master Fund, American Fund Insurance Series)	0.91%	23.71	12.59	11.80
To seek to provide long-term growth of capital.	American International Trust - Series I   Capital Research and Management Company (Adviser to the Master Fund, American Fund Insurance Series)	1.16%*	2.79	0.85	3.63
To provide long-term growth of capital. Current income is a secondary objective.	Blue Chip Growth Trust - Series NAV   John Hancock Variable Trust Advisers LLC/T. Rowe Price Associates, Inc.	0.76%*	35.73	14.60	14.87

Investment Objective	Portfolio and Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/24) (%)
			1-Year	5-Year	10-Year
To seek to track the performance of the Bloomberg U.S. Aggregate Bond Index (the "Bloomberg Index") (which represents the U.S. investment grade bond market).	Total Bond Market Trust - Series NAV   John Hancock Variable Trust Advisers LLC/Manulife Investment Management (US) LLC	0.25%*	1.14	-0.56	1.10
Seeks to approximate the aggregate total return of a broad U.S. domestic equity market index.	Total Stock Market Index Trust - Series NAV   John Hancock Variable Trust Advisers LLC/Manulife Investment Management (North America) Limited	0.51%*	23.53	13.33	11.93
The fund seeks a high level of current income consistent with the maintenance of liquidity and the preservation of capital.	Ultra Short Term Bond Trust - Series NAV   John Hancock Variable Trust Advisers LLC/Manulife Investment Management (US) LLC	0.62%*	5.01	1.98	1.58

 

Investment Objective	Portfolio and Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/24) (%)
			1-Year	5-Year	10-Year
To seek to provide capital appreciation over a multi-year market cycle, generally at least 3-5 years.	Bain Capital Equity Opportunities Fund - Class 2   Bain Capital Public Equity, LP/Test	1.63%	N/A	N/A	N/A
Seeks to provide maximum capital appreciation.	M Capital Appreciation Fund - Series M   M Financial Investment Advisers, Inc./Frontier Capital Management Company, LLC	0.98%	9.94	9.04	8.67
Seeks to provide long-term capital appreciation.	M International Equity Fund - Series M   M Financial Investment Advisers, Inc./Dimensional Fund Advisors LP	0.74%	3.96	4.59	3.61
Seeks to provide long-term capital appreciation.	M Large Cap Growth Fund - Series M   M Financial Investment Advisers, Inc./Federated Hermes, Inc.	0.58%	25.5	14.12	13.87
Seeks to provide long-term capital appreciation.	M Large Cap Value Fund - Series M   M Financial Investment Advisers, Inc./Brandywine Global Investment Management, LLC	0.63%	18.63	9.63	7.81
To seek to provide capital appreciation.	TOPS® Aggressive Growth ETF - Class 2   ValMark Advisers, Inc./Milliman Financial Risk Management, LLC	0.54%	11.99	8.25	8.14

Investment Objective	Portfolio and Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/24) (%)
			1-Year	5-Year	10-Year
To seek to provide income and capital appreciation.	TOPS® Balanced ETF - Class 2   ValMark Advisers, Inc./Milliman Financial Risk Management, LLC	0.55%	6.86	4.68	4.84
To seek to preserve capital and provide moderate income and moderate capital appreciation.	TOPS® Conservative ETF - Class 2   ValMark Advisers, Inc./Milliman Financial Risk Management, LLC	0.56%	6.00	3.75	3.76
To seek to provide capital appreciation.	TOPS® Growth ETF - Class 2   ValMark Advisers, Inc./Milliman Financial Risk Management, LLC	0.55%	10.79	7.38	7.25
To seek to provide capital appreciation.	TOPS® Moderate Growth ETF - Class 2   ValMark Advisers, Inc./Milliman Financial Risk Management, LLC	0.54%	8.84	6.06	6.11

* This portfolio's annual expenses reflect temporary fee or expense waivers or reimbursements.