[ ] |
immediately upon filing pursuant to paragraph (b) |
[X] |
on April 29, 2024, pursuant to paragraph (b) |
[ ] |
60 days after filing pursuant to paragraph (a)(1) |
[ ] |
on ______ pursuant to paragraph (a)(1) of Rule 485 under the Securities Act. |
[ ] |
this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
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Appendix-1 |
FEES AND EXPENSES | ||||
Transaction Charges |
You may be charged for the following transactions:
A premium 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.
An Unscheduled Supplemental Face Amount increase charge will be
assessed upon an unscheduled increase in the Supplemental
Face Amount. |
FEE TABLE
Deductions from policy
value | ||
Ongoing Fees and
Expenses (annual charges) |
In addition to transaction charges, you will also be subject to certain
ongoing fees and expenses, including a cost of insurance
charge, administrative charge, Base Face Amount charge,
Supplemental Face Amount 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 person (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 policy 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% |
2.58% |
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
account) 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/MSVULX_NY?site=Majestic. |
Investment Risk/Risk of Loss |
RISKS | ||
Insurance Company
Risks |
Your investment in the policy is subject to risks related to John
Hancock NY, including that the obligations (including
under the fixed account option), guarantees, or benefits
are subject to the claims-paying ability of John Hancock
NY. Information about John Hancock NY, including its
financial strength ratings, is available upon request
from your John Hancock NY representative. Our current
financial strength ratings can also be obtained by contacting the Service Office at 1-800-448-1616. |
Depositor
Registrant |
Policy Lapse |
This policy will go into default if at the beginning of any policy
month the policy’s net cash surrender value would
be zero or below after deducting the monthly deductions
then due. The “net cash surrender value” is
your policy value, less any policy debt, and less any
applicable surrender charges. 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
account) that you may choose, as well as limitations on
the transfer of policy 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 account
Effect of Loans on Cash
Value and Death
Benefit
Overloan Protection
Rider
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. |
Return of Premium Death Benefit Rider Overloan Protection Rider 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 policy 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 |
TRANSACTION FEES | ||
Charge |
When Charge is Deducted |
Amount Deducted |
Premium charge(1) |
Upon payment of premium |
30% of Target Premium and 10% of
premium paid in excess of Target Premium
in policy year 1
15% of Target Premium and 6% of
premium paid in excess of Target Premium
in policy years 2-5
10% of Target Premium and 6% of
premium paid in excess of Target Premium
in policy years 6-10
5% of all premium paid in policy years 11
and thereafter |
Transfer fee(2) |
Upon each transfer into or out of a variable
investment account beyond an annual limit
of twelve |
$25.00 |
Unscheduled Supplemental Face Amount
increase charge |
Upon unscheduled increase in
Supplemental Face Amount |
$20.00 per $ 1,000 of unscheduled increase
in Supplemental Face Amount |
Overloan Protection Rider(3) |
At exercise of benefit |
|
Minimum charge |
|
0.04% |
Maximum charge |
|
8.0% |
Enhanced Cash Value Rider |
Upon payment of premium |
2% of premium paid up to the Target Premium in policy year 1 |
PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES |
||
Charge |
When Charge is Deducted |
Amount Deducted |
Base Policy Charges: |
|
|
Cost of Insurance(1): |
Monthly |
|
PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES |
||
Charge |
When Charge is Deducted |
Amount Deducted |
Minimum charge |
|
$0.00002 per $1,000 of NAR |
Maximum charge |
|
$83.33 per $1,000 of NAR |
Charge for a representative insured
person |
|
$0.002 per $1,000 of NAR |
Base Face Amount charge(2): |
Monthly for ten policy years from the
Policy Date |
|
Minimum charge |
|
$0.03 per $1,000 of Base Face Amount |
Maximum charge |
|
$0.36 per $1,000 of Base Face Amount |
Charge for a representative insured
person |
|
$0.11 per $1,000 of Base Face Amount |
Supplemental Face Amount charge(3) |
Monthly for ten policy years from the
Policy Date |
|
Minimum charge |
|
$0.02 per $1,000 of Supplemental Face Amount |
Maximum charge |
|
$0.27 per $1,000 of Supplemental Face Amount |
Charge for a representative insured
person |
|
$0.08 per $1,000 of Supplemental Face
Amount |
Administrative charge(4) |
Monthly |
$15.00 |
Asset-based risk charge(5) |
Monthly |
0.15% of policy value in policy years 1-20
0.08% of policy value in policy years 21
and thereafter |
Maximum policy loan interest rate(6) |
Accrues daily Payable annually |
4.50% annual rate |
Optional Benefit Charges: |
|
|
Policy Split Option Rider |
Monthly |
$0.06 per $1,000 of the current Total Face
Amount |
Return of Premium Death Benefit Rider(7) |
Monthly |
|
Minimum charge |
|
$0.00002 per $1,000 of NAR |
Maximum charge |
|
$83.33 per $1,000 of NAR |
Charge for representative insured
person |
|
$0.002 per $1,000 of NAR |
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% |
2.58% |
Younger Insured Attained Age |
Applicable Factor |
40 and under |
250% |
45 |
215% |
50 |
185% |
55 |
150% |
60 |
130% |
65 |
120% |
70 |
115% |
75 |
105% |
90 |
105% |
95 and above |
100% |
Attained Age |
Factor
- Female |
Factor - Male |
40 |
494.24% |
445.47% |
45 |
415.18% |
379.41% |
50 |
349.01% |
322.43% |
55 |
294.49% |
273.75% |
60 |
249.83% |
233.40% |
65 |
213.66% |
200.75% |
70 |
184.74% |
174.53% |
75 |
161.66% |
153.61% |
90 |
119.05% |
116.28% |
95 |
111.37% |
110.42% |
100 and above |
100.00% |
100.00% |
STANDARD BENEFITS | ||
Name of Benefit |
Purpose |
Brief Description of
Restrictions/Limitations |
Dollar cost averaging |
Under the dollar cost averaging program, you will
designate an amount that will be transferred
monthly from one variable investment account into
any other variable investment account or a fixed
account. |
We reserve the right to cease to offer this program
after written notice to you. |
Asset allocation balancing |
Under the asset allocation balancer program, you
will designate a percentage allocation of policy
value among variable investment accounts. We will
automatically transfer amounts among the variable
investment accounts at intervals you select
(annually, semi-annually, quarterly, or monthly) to
reestablish your chosen allocation. |
We reserve the right to cease this program after written notice to you. |
OPTIONAL BENEFITS | ||
Name of Benefit |
Purpose |
Brief Description of
Restrictions/Limitations |
Enhanced Cash Value
Rider |
To add an amount (calculated pursuant to a formula
in the rider) to the proceeds payable to the policy
owner if the owner surrenders the policy during the
first seven policy years. |
This benefit does not apply to a surrender pursuant
to non-taxable exchange, and this rider does not
increase the amount available for a policy loan. |
Return of Premium Death
Benefit Rider |
Provides an additional death benefit payable upon
the death of the last surviving insured person. |
This benefit is available to you only if you elect
death benefit Option 1. You must terminate this
rider before you can elect any increase to your
Supplemental Face Amount. |
Overloan Protection Rider |
Prevents your policy from lapsing on any date if
policy debt exceeds the death benefit. |
The benefit is subject to a number of eligibility requirements relating to, among other things, the number of years the policy has been in force, the attained age of the insured person, the death benefit option elected and the tax status of the policy. When the Overloan Protection Benefit in this rider is invoked, all values in the variable investment accounts are transferred to the fixed account and will continue to grow at the current fixed account interest rate. Thereafter, policy changes and transactions are limited as set forth in the rider. Any supplementary benefit rider requiring a monthly deduction will automatically be terminated. When the Overloan Protection Rider causes the policy to be converted into a fixed policy, there is risk that the Internal Revenue Service could assert that the policy has been effectively terminated and that the outstanding loan balance should be treated as a distribution. |
OPTIONAL BENEFITS | ||
Name of Benefit |
Purpose |
Brief Description of
Restrictions/Limitations |
Policy Split Option Rider |
Gives the owner the option to split the Total Face
Amount evenly into two separate policies, one for
each insured person, but only if the insured persons
get divorced or certain Federal tax law changes
occur. |
The rider will automatically terminate upon the
death of either insured person. |
Enhanced Yield Fixed
Account Rider |
To provide a fixed account option that credits a
higher rate of interest to your account value than is
credited under the policy’s other (non-enhanced)
fixed account option. |
There are additional restrictions on transferring
your account value out of the enhanced yield fixed
account, as compared to the non-enhanced fixed
account option. |
Four Year Term Rider |
Provides an additional death benefit if the death of
the last surviving insured person occurs during the
four-year period following policy issue. |
We will reduce the amount of insurance under this benefit proportionally upon the occurrence of any reduction in the Total Face Amount of your policy or upon a partial withdrawal. You must terminate this rider before you can elect any increase to your Supplemental Face Amount. |
Investment Objective |
Portfolio and Adviser/Subadviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) (%) | ||
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%* |
25.95 |
15.40 |
11.75 |
To seek income and capital appreciation. |
Active Bond Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.66% |
6.48 |
1.67 |
2.40 |
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) |
0.93% |
13.90 |
8.80 |
6.86 |
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%* |
22.12 |
13.20 |
9.17 |
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) |
0.97%* |
37.99 |
18.24 |
13.94 |
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%* |
25.68 |
12.95 |
10.52 |
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) |
1.17%* |
15.39 |
4.44 |
3.02 |
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. |
0.77%* |
49.59 |
13.58 |
12.39 |
Investment Objective |
Portfolio and Adviser/Subadviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) (%) | ||
1-Year |
5-Year |
10-Year | |||
To seek long-term growth of capital. |
Capital Appreciation Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Jennison Associates LLC |
0.76%* |
52.95 |
18.07 |
14.18 |
To seek long-term capital appreciation. |
Capital Appreciation Value Trust - Series
NAV
John Hancock Variable Trust Advisers
LLC/T. Rowe Price Associates, Inc. |
0.89%* |
18.31 |
12.48 |
10.30 |
To seek total return consisting of income
and capital appreciation. |
Core Bond Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Allspring Global Investments, LLC |
0.63%* |
5.89 |
1.11 |
1.74 |
To seek long-term growth of capital. |
Disciplined Value International Trust -
Series NAV
John Hancock Variable Trust Advisers
LLC/Boston Partners Global Investors, Inc. |
0.79%* |
20.05 |
8.47 |
3.10 |
To seek long-term capital appreciation. |
Emerging Markets Value Trust - Series
NAV
John Hancock Variable Trust Advisers
LLC/Dimensional Fund Advisors LP |
1.03%* |
15.15 |
5.42 |
3.06 |
To provide substantial dividend income
and also long-term growth of capital. |
Equity Income Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/T. Rowe Price Associates, Inc. |
0.71%* |
9.52 |
11.15 |
7.88 |
To seek growth of capital. |
Financial Industries Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.89%* |
5.21 |
9.70 |
7.08 |
To seek long-term growth of capital. |
Fundamental All Cap Core Trust - Series
NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.71%* |
35.44 |
18.38 |
12.32 |
To seek long-term capital appreciation. |
Fundamental Large Cap Value Trust -
Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.73%* |
23.49 |
17.64 |
10.24 |
To seek long-term capital appreciation. |
Global Equity Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.89%* |
20.17 |
8.99 |
4.58 |
Investment Objective |
Portfolio and Adviser/Subadviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) (%) | ||
1-Year |
5-Year |
10-Year | |||
To seek long-term capital appreciation. |
Health Sciences Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/T. Rowe Price Associates, Inc. |
1.00%* |
4.26 |
10.56 |
10.94 |
To realize an above-average total return
over a market cycle of three to five years,
consistent with reasonable risk. |
High Yield Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Western Asset Management Company, LLC |
0.81%* |
12.87 |
4.95 |
3.58 |
To seek to track the performance of a
broad-based equity index of foreign
companies primarily in developed
countries and, to a lesser extent, in
emerging markets. |
International Equity Index Trust - Series
NAV
John Hancock Variable Trust Advisers
LLC/SSGA Funds Management, Inc. |
0.34%* |
15.42 |
6.97 |
3.71 |
To seek long-term capital appreciation. |
International Small Company Trust -
Series NAV
John Hancock Variable Trust Advisers
LLC/Dimensional Fund Advisors LP |
1.00%* |
13.59 |
7.06 |
4.27 |
To provide a high level of current income
consistent with the maintenance of
principal and liquidity. |
Investment Quality Bond Trust - Series
NAV
John Hancock Variable Trust Advisers
LLC/Wellington Management Company LLP |
0.71%* |
6.57 |
1.41 |
2.00 |
To seek a balance between a high level of
current income and growth of capital,
with a greater emphasis on growth of
capital. |
Lifestyle Balanced Portfolio - Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.64% |
13.72 |
6.96 |
5.41 |
To seek a high level of current income
with some consideration given to growth
of capital. |
Lifestyle Conservative Portfolio - Series
NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.66%* |
9.18 |
3.68 |
3.34 |
To seek long-term growth of capital.
Current income is also a consideration. |
Lifestyle Growth Portfolio - Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.62% |
16.97 |
9.14 |
6.77 |
To seek a balance between a high level of
current income and growth of capital,
with a greater emphasis on income. |
Lifestyle Moderate Portfolio - Series
NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.65%* |
12.21 |
5.86 |
4.73 |
Investment Objective |
Portfolio and Adviser/Subadviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) (%) | ||
1-Year |
5-Year |
10-Year | |||
To seek growth of capital and current
income while seeking to both manage the
volatility of return and limit the
magnitude of portfolio losses. |
Managed Volatility Balanced Portfolio -
Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.76% |
12.00 |
4.67 |
3.86 |
To seek current income and growth of
capital, while seeking to both manage the
volatility of return and limit the
magnitude of portfolio losses. |
Managed Volatility Conservative Portfolio
- Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.75% |
5.50 |
1.80 |
2.41 |
To seek long term growth of capital while
seeking to both manage the volatility of
return and limit the magnitude of
portfolio losses. |
Managed Volatility Growth Portfolio -
Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.79% |
13.81 |
5.25 |
3.76 |
To seek current income and growth of
capital while seeking to both manage the
volatility of return and limit the
magnitude of portfolio losses. |
Managed Volatility Moderate Portfolio -
Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.75% |
10.79 |
4.21 |
3.78 |
To seek long-term growth of capital. |
Mid Cap Growth Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Wellington Management Company LLP |
0.90% |
18.87 |
12.39 |
9.79 |
Seeks to approximate the aggregate total
return of a mid cap U.S. domestic equity
market index. |
Mid Cap Index Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (North America) Limited |
0.41%* |
16.00 |
12.20 |
8.86 |
To seek long-term capital appreciation. |
Mid Value Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/T. Rowe Price Associates, Inc. |
0.96%* |
18.65 |
13.09 |
9.35 |
To obtain maximum current income
consistent with preservation of principal
and liquidity. |
Money Market Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.28%* |
4.81 |
1.68 |
1.07 |
To seek maximum total return, consistent
with preservation of capital and prudent
investment management. |
Opportunistic Fixed Income Trust - Series
NAV
John Hancock Variable Trust Advisers
LLC/Wellington Management Company LLP |
0.88%* |
8.21 |
2.72 |
2.22 |
Investment Objective |
Portfolio and Adviser/Subadviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) (%) | ||
1-Year |
5-Year |
10-Year | |||
To seek to achieve a combination of long-
term capital appreciation and current
income. |
Real Estate Securities Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Wellington Management Company LLP |
0.76%* |
13.06 |
7.74 |
8.00 |
To seek long-term growth of capital.
Current income is incidental to the fund’s
objective. |
Science & Technology Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/T. Rowe Price Associates, Inc. |
0.99%* |
54.73 |
18.67 |
15.76 |
To seek income and capital appreciation. |
Select Bond Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.60%* |
6.15 |
1.39 |
1.92 |
To seek a high level of current income
consistent with preservation of capital.
Maintaining a stable share price is a
secondary goal. |
Short Term Government Income Trust -
Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.67%* |
3.87 |
0.51 |
0.66 |
Seeks to approximate the aggregate total
return of a small cap U.S. domestic equity
market index. |
Small Cap Index Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (North America) Limited |
0.48%* |
16.52 |
9.60 |
6.85 |
To seek long-term capital appreciation. |
Small Cap Opportunities Trust - Series
NAV
John Hancock Variable Trust Advisers
LLC/Dimensional Fund Advisors LP and GW&K Investment Management, LLC |
0.84%* |
18.12 |
13.99 |
7.92 |
To seek long-term capital appreciation. |
Small Cap Stock Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Wellington Management Company LLP |
1.08%* |
16.31 |
11.18 |
7.43 |
To seek long-term capital appreciation. |
Small Cap Value Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/Wellington Management Company LLP |
0.99%* |
14.07 |
8.85 |
6.07 |
To seek long-term growth of capital. |
Small Company Value Trust - Series NAV
John Hancock Variable Trust Advisers
LLC/T. Rowe Price Associates, Inc. |
1.16%* |
13.52 |
9.25 |
6.59 |
To seek a high level of current income. |
Strategic Income Opportunities Trust -
Series NAV
John Hancock Variable Trust Advisers
LLC/Manulife Investment Management (US) LLC |
0.74%* |
7.53 |
3.31 |
2.85 |
Investment Objective |
Portfolio and Adviser/Subadviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) (%) | ||
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%* |
5.29 |
0.81 |
1.58 |
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 |
0.53%* |
25.58 |
14.44 |
10.78 |
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%* |
4.74 |
1.61 |
1.09 |
Investment Objective |
Portfolio and Adviser/Subadviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) (%) | ||
1-Year |
5-Year |
10-Year | |||
Seeks to provide maximum capital
appreciation. |
M Capital Appreciation Fund
M Financial Investment Advisers,
Inc./Frontier Capital Management Company, LLC |
1.00% |
23.56 |
12.56 |
8.90 |
Seeks to provide long-term capital
appreciation. |
M International Equity Fund
M Financial Investment Advisers,
Inc./Dimensional Fund Advisors LP |
0.76% |
16.00 |
7.70 |
2.45 |
Seeks to provide long-term capital
appreciation. |
M Large Cap Growth Fund
M Financial Investment Advisers,
Inc./DSM Capital Partners LLC |
0.77% |
32.04 |
15.98 |
12.39 |
Seeks to provide long-term capital
appreciation. |
M Large Cap Value Fund
M Financial Investment Advisers,
Inc./Brandywine Global Investment Management, LLC |
0.65% |
7.60 |
10.16 |
6.96 |
The Portfolio seeks maximum real return
consistent with preservation of real
capital and prudent investment
management. |
PIMCO VIT All Asset Portfolio - Series
M
Pacific Investment Management
Company LLC/Research Affiliates, LLC |
2.49%* |
7.83 |
5.69 |
3.73 |
To seek to provide capital appreciation. |
TOPS® Aggressive Growth ETF - Class
2 ValMark Advisers, Inc./Milliman Financial Risk Management, LLC |
0.54% |
17.37 |
10.55 |
7.42 |
Investment Objective |
Portfolio and Adviser/Subadviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) (%) | ||
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% |
11.39 |
6.39 |
4.51 |
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% |
9.19 |
4.84 |
3.37 |
To seek to provide capital appreciation. |
TOPS® Growth ETF - Class
2 ValMark Advisers, Inc./Milliman Financial Risk Management, LLC |
0.54% |
16.09 |
9.48 |
6.54 |
To seek to provide capital appreciation. |
TOPS® Moderate Growth ETF - Class
2 ValMark Advisers, Inc./Milliman Financial Risk Management, LLC |
0.54% |
13.47 |
7.96 |
5.58 |
JOHN HANCOCK NY SERVICE OFFICE | |
Overnight Express Delivery |
Mail Delivery |
Life Post Issue
John Hancock Insurance Company 372 University Ave, Suite #55979
Westwood, MA 02090 |
Life Post Issue
John Hancock Insurance Company
PO Box 55979
Boston, MA 02205 |
Phone: |
|
1-800-448-1616 |
|
Name of Policy (and SEC EDGAR Identifier #)
|
Name of Policy (and SEC EDGAR Identifier #)
|
Accumulation SVUL (C000049289) |
Majestic VCOLIX (C000070693) |
Accumulation Survivorship Variable Universal Life 2020
(C000221085) |
Majestic VULX (C000067662) |
Accumulation Variable Universal Life (C000027562) |
Protection SVUL (C000049288) |
Accumulation Variable Universal Life 08 (C000069367) |
Protection Variable Universal Life (C000027560) |
Accumulation Variable Universal Life 2014 (C000141201) |
Protection Variable Universal Life 09 (C000076061) |
Accumulation Variable Universal Life 2019 (C000217917) |
Protection Variable Universal Life 2012 (C000113134) |
Corporate VUL (C000027561) |
Protection Variable Universal Life 2017 (C000198121) |
Corporate VUL 08 (C000069368) |
Simplified Life (C000142068) |
Majestic Accumulation Variable Universal Life 2019
(C000217918) |
SPVL (C000027558) |
Majestic Performance Variable Universal Life (C000034066)
|
Survivorship VUL (C000027559) |
Majestic Survivorship VULX (C000062402) |
VUL Accumulator (C000027556) |
Majestic Survivorship Variable Universal Life 2020
(C000221086) |
VUL Protector (C000027557) |
|
Page No. |
2 | |
2 | |
2 | |
2 | |
2 | |
2 | |
2 | |
3 | |
3 | |
3 | |
3 | |
3 |
Name and Principal Business Address |
Position with Depositor |
Brooks Tingle 200 Berkeley Street Boston, MA 02116 |
Chair, Director, President & Chief Executive Officer |
Nora Newton Crouch
804 Pepper Avenue
Richmond, VA 23226 |
Director |
Thomas Edward Hampton 1900 K Street NW Washington, DC 20006 |
Director |
J. Stephanie Nam 1 West 72nd Street, Apt. 35 New York NY 10023 |
Director |
Ken Ross 200 Berkeley St. Boston, MA 02116 |
Director, Vice President |
Shamus Weiland 200 Bloor Street E. Toronto, ON M4W 1E5 |
Director |
Henry H. Wong 200 Berkeley Street Boston, MA 02116 |
Director, Vice President |
Executive Vice Presidents |
|
Andrew G. Arnott** |
Global Head of Retail, GWAM |
Christopher Paul Conkey** |
Global Head of Public Markets |
Scott S. Hartz** |
Chief Investment Officer – US Investment |
Senior Vice Presidents |
|
John Addeo** |
Global Fixed Income Chief Investment Officer |
John C.S. Anderson** |
Global Head of Corporate Finance |
Kevin J. Cloherty** |
Deputy General Counsel, Global Markets |
Mike Dallas** |
Global Head of Employee Experience |
Aimee DeCamillo* |
Global Head of Retirement |
Peter DeFrancesco* |
Head of Digital – Direct to Consumer |
Michael F Dommermuth*** |
Head of Wealth & Asset Management |
Kristie Feinberg* |
Head of MIM US and Europe |
Maryscott Greenwood** |
Global Head of Regulatory & Public Affairs |
Len van Greuning* |
Chief Information Officer MIM |
Anne Hammer* |
Global Chief Communications Officer |
John B Maynard** |
Deputy General Counsel, Legacy, Reinsurance & Tax |
Steven E. Medina** |
Global Equity Chief Investment Officer |
Joelle Metzman** |
GWAM Chief Risk Officer |
Sinead O’Connor* |
Head of Actuarial Policy |
Wayne Park* |
Head of US Retirement |
Gerald Peterson** |
Global Head of Operations, GWAM |
Nicole Rafferty*** |
Global Head of Contact Centers |
Susan Roberts* |
Head of LTC Customer Care Transformation |
Ian Roke** |
Global Head of Asset & Liability Management |
Thomas Samoluk** |
US General Counsel and US Government Relations |
Anthony Teta* |
US Head of Inforce Management |
Nathan Thooft** |
Global MAST Chief Investment Officer |
Anne Valentine-Andrews*** |
Global Head of Private Markets |
Blake Witherington** |
US Chief Credit Officer |
Name and Principal Business Address |
Position with Depositor |
Vice Presidents |
|
Lynda Abend* |
|
Mark Akerson* |
|
Kenneth D’Amato** |
|
Jay Aronowitz** |
|
Kevin Askew** |
|
William Auger* |
|
Jack Barry* |
|
P.J. Beltramini* |
|
Zahir Bhanji*** |
|
Jon Bourgault** |
|
Paul Boyne** |
|
Ian B. Brodie** |
|
Ted Bruntrager* |
CCO & Chief Risk Officer |
Grant Buchanan*** |
|
Ginger Burns** |
|
Brendan Campbell* |
|
Yan Rong Cao* |
|
Rick A. Carlson** |
|
Patricia Rosch Carrington** |
|
Alex Catterick**** |
|
Ken K. Cha* |
|
Diana Chan*** |
Head of Treasury Operations |
Christopher M. Chapman** |
|
Sheila Chernicki* |
|
Teresa H. Chuang** |
|
Eileen Cloherty* |
|
Maggie Coleman*** |
|
Catherine Z. Collins** |
|
Meredith Comtois* |
|
Thomas D. Crohan** |
|
Susan Curry** |
|
Kenneth Dai*** |
Treasury |
Michelle M. Dauphinais* |
|
Frederick D Deminico** |
|
Susan P Dikramanjian** |
|
William D Droege** |
|
Jeffrey Duckworth** |
|
Marc Feliciano** |
|
Katie M. Firth** |
|
Carolyn Flanagan** |
|
Lauren Marx Fleming** |
|
Philip J. Fontana** |
|
Laura Foster*** |
|
Matthew Gabriel* |
|
Paul Gallagher** |
|
Melissa Gamble** |
|
Scott B. Garfield** |
|
Jeffrey N. Given** |
|
Thomas C. Goggins** |
|
Dara Gough* |
|
Howard C. Greene** |
|
Erik Gustafson** |
|
Neal Halder* |
|
Jeffrey Hammer*** |
|
Lindsay L. Hanson* |
|
Richard Harris*** |
Appointed Actuary |
Jessica Harrison*** |
|
Name and Principal Business Address |
Position with Depositor |
John Hatch* |
Chief Operations Officer – US Segment |
Justin Helferich*** |
|
Michael Hession* |
|
Philip Huvos* |
|
Sesh Iyengar** |
|
Tasneem Kanji** |
|
Geoffrey Grant Kelley** |
|
Recep C. Kendircioglu** |
|
Neal P. Kerins* |
|
Michael P King*** |
|
Heidi Knapp** |
|
Hung Ko*** |
|
Robert Krempus*** |
|
Diane R. Landers** |
|
Michael Landolfi** |
|
Tracy Lannigan** |
Corporate Secretary |
Jessica Lee*** |
|
Scott Lively** |
|
David Loh*** |
|
Jeffrey H. Long** |
|
Jennifer Lundmark* |
|
Edward P. Macdonald** |
|
Patrick MacDonnell** |
|
Shawn McCarthy** |
|
Andrew J. McFetridge** |
|
Jonathan McGee** |
|
Katie L. McKay** |
|
Eric S. Menzer** |
|
Stella Mink*** |
|
Michelle Morey* |
|
Scott Morin* |
|
Catherine Murphy* |
Deputy Appointed Actuary |
Richard Myrus** |
|
Lisa Natalicchio* |
|
Jeffrey H. Nataupsky** |
|
Scott Navin** |
|
Jeffrey Packard** |
|
Pragya Pandit* |
|
Onay Payne*** |
|
Gary M. Pelletier** |
|
David Pemstein** |
|
Jessica Portelance*** |
|
Jason M. Pratt** |
|
Ed Rapp** |
|
Todd Renneker** |
|
Chet Ritchie* |
|
Charles A. Rizzo** |
|
Emily Roland** |
|
Josephine M. Rollka* |
|
Barbara H. Rosen-Campbell** |
|
Caryn Rothman** |
|
Devon Russell* |
|
Paul Sanabria** |
|
Emory W. Sanders* |
|
Jeffrey R. Santerre** |
|
Marcia Schow** |
|
Christopher L. Sechler** |
|
Garima Vijay Sharma*** |
|
Name and Principal Business Address |
Position with Depositor |
Estelle Shaw-Latimer*** |
|
Thomas Shea** |
|
Lisa Shepard** |
|
Alex Silva* |
CFO - US Insurance |
Susan Simi** |
|
Darren Smith** |
|
Jayanthi Srinivasan*** |
|
Brittany Straughn* |
|
Katherine Sullivan** |
|
Trevor Swanberg** |
|
Robert E. Sykes, Jr.** |
|
Wilfred Talbot* |
|
Gary Tankersley* |
Head of US Retirement Distribution |
Michelle Taylor-Jones* |
|
Brian E. Torrisi** |
|
Simonetta Vendittelli* |
Chief Financial Officer and Controller |
Gina Goldych Walters** |
|
Adam Weigold** |
|
Jonathan T. White** |
|
Bryan Wilhelm* |
|
Karin Wilsey** |
|
Adam Wise** |
|
Jeffrey Wolfe** |
|
Thomas Zakian** |
|
Michael Zargaj* |
|
Name of Investment Company |
Capacity in Which Acting |
John Hancock Variable Life Account S |
Principal Underwriter |
John Hancock Variable Life Account U |
Principal Underwriter |
John Hancock Variable Life Account V |
Principal Underwriter |
John Hancock Variable Life Account UV |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account R |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account T |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account W |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account X |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account Q |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account A |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account N |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account H |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account I |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account J |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account K |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account L |
Principal Underwriter |
John Hancock Life Insurance Company (U.S.A.) Separate Account M |
Principal Underwriter |
John Hancock Life Insurance Company of New York Separate Account B |
Principal Underwriter |
John Hancock Life Insurance Company of New York Separate Account A |
Principal Underwriter |
Name |
Title |
Rick Carlson** |
Vice President, US Taxation |
Jeffrey H. Long** |
Vice President, Chief Financial Officer and Financial Operations Principal |
Edward P. Macdonald** |
Vice President, General Counsel |
Gary Tankersley* |
Director, President and Chief Executive Officer |
Alex Silva* |
Director |
Christopher Walker*** |
Director, Vice President, Investments |
Tracy Lannigan** |
Vice President, Corporate Secretary |
(1) |
(2) |
(3) |
(4) |
(5) |
Name of Principal
Underwriter |
Net Underwriting
Discounts and Commissions |
Compensation on Events
Occasioning the Deduction
of a Deferred Sales Load |
Brokerage Commissions |
Other Compensation |
John Hancock Distributors LLC |
$0 |
$0 |
$0 |
$0 |
|
|
/s/Michael A. Ramirez Michael A. Ramirez, as Attorney-In-Fact |
|
|
|
Signatures |
Title |
* Simonetta Vendittelli |
Chief Financial Officer, Vice President, and Controller |
* Brooks Tingle |
Chair, Director, President and Chief Executive Officer |
* Nora N. Crouch |
Director |
* Thomas Edward Hampton |
Director |
* J. Stephanie Nam |
Director |
* Ken Ross |
Director |
* Shamus Weiland |
Director |
* Henry H. Wong |
Director |
/s/Michael A. Ramirez Michael A. Ramirez, as Attorney-In-Fact |
|