Hancock John Variable Life Account S
10/17/2024 | Press release | Distributed by Public on 10/17/2024 12:30
Updating Summary Prospectus - Form 497VPU
HANCOCK JOHN VARIABLE LIFE ACCOUNT S
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)
SEPARATE ACCOUNT A
VARIABLE LIFE ACCOUNT UV
VARIABLE LIFE ACCOUNT S
JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT B
Supplement dated October 17, 2024 to the Statutory Prospectuses, Updating Summary Prospectuses, and Initial Summary Prospectuses (as applicable), dated April 29, 2024
Availability of New Variable Investment Option
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:
|
Majestic Performance Variable Universal Life (A) |
333-131299 | |||
|
Majestic Survivorship VULX (A) |
333-148991 | |||
|
Majestic VULX (A) |
333-151630 | |||
|
Majestic VCOLIX (A) |
333-153252 | |||
|
Majestic Accumulation Variable Universal Life 2019 (A) |
333-233648 | |||
|
Majestic Survivorship Variable Universal Life 2020 (A) |
333-236447 | |||
|
Majestic Accumulation Variable Universal Life 2021 (A) |
333-254211 | |||
|
Majestic Performance Variable Universal Life (B) |
333-132905 | |||
|
Majestic Survivorship VULX (B) |
333-148992 | |||
|
Majestic VULX (B) |
333-151631 | |||
|
Majestic VCOLIX (B) |
333-153253 | |||
|
Majestic Accumulation Variable Universal Life 2019 (B) |
333-235397 | |||
|
Majestic Variable Universal Life (S) |
333-164151 | |||
|
Majestic Variable Universal Life 98 (S) |
333-164151 | |||
|
Variable Master Plan Plus (S) |
333-164152 | |||
|
Majestic Variable COLI (S) |
333-164153 | |||
|
Majestic Variable Estate Protection (S) |
333-164156 | |||
|
Majestic Variable Estate Protection 98 (S) |
333-164156 | |||
|
Majestic Performance Survivorship Variable Universal Life (S) |
333-164154 | |||
|
Majestic Performance Survivorship Variable Universal Life (UV) |
333-164164 | |||
|
Majestic Variable Universal Life 98 (UV) |
333-164163 | |||
|
Majestic Variable Estate Protection 98 (UV) |
333-164165 | |||
|
Majestic Variable COLI (UV) |
333-164169 |
Effective on or about October 28, 2024, the Bain Capital Equity Opportunities Fund will be added as a portfolio available as an investment option under your policy.
More information about the portfolio is available in the prospectus for the portfolio, which may be amended from time to time. You can obtain a prospectus for the portfolio in the same manner as stated in the prospectus for your policy.
The current expenses and performance information below reflects fees and expenses of the portfolio, 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.
Effective on the date of the portfolio addition, the below changes will apply to your prospectus:
The APPENDIX: PORTFOLIOS AVAIALBLE UNDER THE POLICY is amended to include 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 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 |
1.60 | %* | N/A | ** | N/A | ** | N/A | ** |
| * |
This portfolio's annual expenses reflect temporary fee or expense waivers or reimbursements. |
| ** |
There is no available performance information about this portfolio. |
The minimum and maximum annual variable investment account fee table in the IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY is deleted and replaced with the following:
| Annual Fee | Minimum | Maximum | ||||||
|
Variable investment accounts (portfolio fees and expenses) |
0.39 | % | 1.70 | % |
The Annual Portfolio Expenses table in the FEE TABLE section is deleted and replaced with the following:
| Annual Portfolio Expenses | Minimum | Maximum | ||||||
|
Range of expenses that are deducted from portfolio assets, including management fees, distribution and/or service (12b-1) fees, and other expenses |
0.39 | % | 1.70 | % |
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 10/2024