| 3
| |
| 6
| |
| 6
| |
| 6
| |
| 6
| |
| 6
| |
| 7
| |
| 7
| |
| 7
| |
| 7
| |
| 7
| |
| 7
| |
| 9
| |
| 9
| |
| 9
| |
| 9
| |
| 9
| |
| 10
| |
| 10
| |
| 10
| |
| 11
| |
| 15
| |
| 15
| |
| 15
| |
| 15
| |
| 16
| |
| 16
| |
| 16
| |
| 16
| |
| 17
| |
| 18
| |
| Appendix-1 |
| FEES AND EXPENSES | ||||
| Charges for Early
Withdrawals |
There are surrender charges assessed upon surrender, withdrawal, or
policy lapse in the first fifteen policy years from the Policy Date The maximum
surrender charge is 5.92% of Base Face Amount. For example, if the Base
Face Amount is $100,000, the highest possible surrender charge would be
$5,924. |
FEE TABLE
Deductions from policy
value | ||
| Transaction Charges |
In addition to surrender charges (if applicable), you may also be
charged for the following transactions:
A premium charge will be deducted from each premium paid.
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 premium
payments
Deductions from policy
value | ||
| Ongoing Fees and
Expenses (annual charges) |
In addition to surrender charges and 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, indexed performance 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 accounts (portfolio fees
and expenses) |
0.39%
|
2.58%
| ||
| RESTRICTIONS | ||
| Investments |
There are restrictions that may limit the variable investment account
options and general account options, the fixed account
and indexed accounts 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 Long-Term Care Rider,
Long-Term Care Rider
2018, Overloan
Protection Rider, and Defined Benefit Chronic Illness Rider Portfolios
and The Indexed Accounts |
| RESTRICTIONS | ||
| 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 Defined Benefit Chronic Illness Rider More About Certain Optional Benefits |
| 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 and indexed accounts) 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/AVUL2021. |
Investment Risk/Risk of
Loss
Risks Associated with
Indexed Accounts |
| Insurance Company
Risks |
Your investment in the policy is subject to risks related to John
Hancock USA, including that the obligations, the fixed
account and indexed accounts, 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 1-800-732-5543. |
Depositor
Registrant |
| Policy Lapse |
Unless the No-Lapse Guarantee is in effect, 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 |
| 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 |
| 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, a fixed
account, or a holding segment of an indexed
account until the amounts are designated to a
segment of the indexed 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 |
| Healthy Engagement
Rider |
Provides the opportunity to add credits to your
policy value based upon the insured person’s
ongoing participation in activities that promote a
healthy lifestyle. The higher the insured person’s
healthy engagement status category, and the more
years the insured person qualifies for higher status
categories, the larger your credits are likely to be.
The Healthy Engagement Rider also provides the
insured person with the possibility of other
benefits. |
The amount of any credit will be reduced (a) the
closer we are to charging the policy’s maximum
cost of insurance rate or (b) at any time the policy’s
death benefit exceeds the cap shown in your policy.
We have the right to change at any time the
qualification standards for status categories. Also,
we may change or terminate any other incentives. |
| Healthy Engagement Core
Rider |
This program is designed to help improve the
longevity of the insured person by educating and
motivating the insured person to develop and
maintain a healthy lifestyle.
By participating in this program, the insured person
may receive discounts on certain goods and
services, educational resources, tools, or other
items that are designed to encourage learning and
participation in healthy activities. |
We reserve the right to amend aspects of the
program from time to time, including the Program
Rewards. In order to participate in the program, the insured person (i) must have attained Age 20, and (ii) must not have elected the Healthy Engagement Rider. |
| Return of Premium Death
Benefit Rider |
Provides an additional death benefit payable upon
the death of the 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. |
| Accelerated Benefit Rider |
Allows you to make a one-time request to
accelerate a portion of your death benefit should
the insured person become terminally ill and have a
life expectancy of one year or less. |
Payment of the benefit amount will reduce your death benefit, cash value or loan value under your policy. This rider is only available with policies that are individually owned. |
| OPTIONAL BENEFITS | ||
| Name of Benefit |
Purpose |
Brief Description of
Restrictions/Limitations |
| Critical Illness Benefit
Rider |
Pays the policy owner a one-time, lump sum benefit
amount if the insured person is diagnosed with
certain illnesses. |
If the insured person receives a first-time diagnosis
for one of the critical illnesses before the rider is in
force or during the rider’s waiting period, then the
policy owner will not receive benefits under this
rider for that critical illness. Benefits paid under
this rider do not provide or pay for the cost of
medical care and are meant to be supplemental to
health insurance that does pay for such costs. |
| Disability Payment of
Specified Premium Rider |
Pays a specified amount of premium into the policy
value each month during the life insured person’s
total disability. |
Total disability must begin between the policy
anniversaries nearest the insured person’s 5th and
65th birthdays and must be continuous for at least
six months. We will not pay the specified premium under this rider if: (1) the total disability results from an intentional, self-inflicted injury or service in the armed forces; or (2) the total disability begins within 2 years after the rider’s Issue Date and results from an injury sustained or a disease contracted before the rider’s Issue Date. The specified premium may be reduced in the event of a reduction in Total Face Amount. The specified premium paid under this rider may not be sufficient to maintain the policy in force to Age 121. |
| Long Term Care Rider |
Provides for periodic advance payments to you of a
portion of the death benefit if the insured person
becomes chronically ill as defined in the policy and
has received qualified long-term care service while
the policy is in force. If you elect this rider, you will
also have an option to apply to have a portion of the
policy’s death benefit advanced to you in the event
of terminal illness. |
There is a maximum amount of death benefit that we will advance for each month of qualification. Each advance reduces the remaining death benefit under your policy and causes a proportionate reduction in your policy value. We restrict your policy value’s exposure to market risk when benefits are paid under the Long-Term Care Rider by transferring all policy value to the fixed account. In addition, you will not be permitted to transfer policy value or allocate any additional premium payment to a variable investment account or an indexed account while rider benefits are paid. There is a significant risk that ownership of a policy with this rider by anyone other than the insured person will cause adverse tax consequences. Benefits paid under this rider do not reduce the No- Lapse Guarantee Premium requirements that may be necessary for the No-Lapse Guarantee to remain in effect after a termination of rider benefits. |
| OPTIONAL BENEFITS | ||
| Name of Benefit |
Purpose |
Brief Description of
Restrictions/Limitations |
| Long Term Care Rider
2018 |
Provides for periodic advance payments to you of a
portion of the death benefit if the insured person
becomes chronically ill as defined in the policy and
has received qualified long-term care service while
the policy is in force. Rider benefits may also be
used to pay for Stay at Home Services. |
Each advance payment under the rider reduces the
remaining death benefit under your policy and
causes a proportionate reduction in your policy
value. We restrict your policy value’s exposure to
market risk when benefits are paid under the Long-
Term Care Rider 2018 by transferring all policy
value to the fixed account. In addition, you will not
be permitted to transfer policy value or allocate any
additional premium payment to a variable
investment account or an indexed account while
rider benefits are paid. There is a significant risk
that ownership of a policy with this rider by anyone
other than the insured person will cause adverse tax
consequences.
Finally, benefits paid under this rider do not reduce
the No-Lapse Guarantee Premium requirements
that may be necessary for the No-Lapse Guarantee
to remain in effect after a termination of rider
benefits. |
| Cash Value Enhancement
Rider |
Provides an enhancement in cash surrender value. |
The decision to add this rider to your policy must
be made at issuance of the policy and, once made,
is irrevocable. |
| 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 and the indexed accounts (upon segment
maturity) 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 applicable No- Lapse Guarantee under the policy no longer applies, and 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 |
| Accelerated Death Benefit
for Chronic Illness Rider |
Provides for periodic advance payments to you of a
portion of the death benefit if the insured person
becomes chronically ill as defined in the policy. |
Accelerations may be requested no more frequently
than once every 12 months. Each acceleration
under the rider reduces the remaining death benefit
under your policy and causes a proportionate
reduction in your policy value. Advance payments
are restricted to the annualized IRS per diem limit
under IRC Section 7702B. |
| Defined Benefit Chronic
Illness Rider |
Provides for periodic advance payments to you of a
portion of the death benefit if the insured person
becomes chronically ill as defined in the policy. |
Each acceleration under the rider reduces the remaining death benefit under your policy and causes a proportionate reduction in your policy value. We restrict your policy value’s exposure to market risk when benefits are paid under this rider by transferring all policy value to the fixed account. In addition, you will not be permitted to transfer policy value or allocate any additional premium payment to a variable investment account while rider benefits are paid. If this rider is exercised, death benefit option 1 must be in effect or, if not already in effect, the death benefit option must be changed to option 1. Advance payments are restricted by the IRS per diem limit under IRC Section 7702B. |
| TRANSACTION FEES | ||
| Charge |
When Charge is Deducted |
Amount Deducted |
| Maximum premium charge |
Upon payment of premium |
7% of each premium paid(1)
|
| Surrender charge(2) |
Upon surrender or policy lapse |
|
| Minimum charge |
|
$15.61 per $1,000 of Base Face Amount |
| Maximum charge |
|
$59.24 per $1,000 of Base Face Amount |
| Charge for a representative insured
person |
|
$31.76 per $1,000 of Base Face Amount |
| Transfer fee(3) |
Upon each transfer into or out of a variable
investment account beyond an annual limit
of twelve |
$25 |
| Cash Value Enhancement Rider(4) |
Upon payment of premium |
3% of premiums paid |
| Overloan Protection Rider(5) |
At exercise of benefit |
|
| Minimum charge |
|
0.04% |
| Maximum charge |
|
8.0% |
| Accelerated Benefit Rider(6) |
At exercise of benefit |
$150.00 |
| PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES |
||
| Charge |
When Charge is Deducted |
Amount Deducted |
| Base Policy Charges: |
|
|
| Cost of Insurance(1): |
Monthly |
|
| Minimum charge |
|
$0.01 per $1,000 of NAR |
| Maximum charge |
|
$83.33 per $1,000 of NAR |
| PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES |
||
| Charge |
When Charge is Deducted |
Amount Deducted |
| Charge for a representative insured
person |
|
$0.22 per $1,000 of NAR |
| Administrative charge |
Monthly |
$20.00 |
| Base Face Amount charge(2): |
Monthly |
|
| Minimum charge |
|
$0.02 per $1,000 of Base Face Amount |
| Maximum charge |
|
$11.00 per $1,000 of Base Face Amount |
| Charge for a representative insured
person |
|
$0.32 per $1,000 of Base Face Amount |
| Supplemental Face Amount charge(3): |
Monthly |
|
| Minimum charge |
|
$0.01 per $1,000 of Supplemental Face Amount |
| Maximum charge |
|
$7.47 per $1,000 of Supplemental Face Amount |
| Charge for a representative insured
person |
|
$0.07 per $1,000 of Supplemental Face
Amount |
| Asset-based risk charge (4) |
Monthly |
0.03% (monthly rate) of policy value |
| Indexed Performance charge (5) |
Monthly |
1.5% annually (0.125% monthly) applied to the policy value in the High Capped Indexed Account |
| Maximum policy loan interest rate (6) |
Accrues daily Payable annually |
3.25% annual rate |
| Optional Benefit Charges: |
|
|
| Healthy Engagement Rider |
Monthly |
$2 |
| Critical Illness Benefit Rider(7) |
Monthly |
|
| Minimum charge |
|
$0.20 per $1,000 of Critical Illness Benefit Amount |
| Maximum charge |
|
$48.43 per $1,000 of Critical Illness Benefit Amount |
| Charge for representative insured
person |
|
$2.12 per $1,000 of Critical Illness Benefit
Amount |
| Disability Payment of Specified Premium
Rider(8) |
Monthly |
|
| Minimum charge |
|
$16.57 per $1,000 of Specified Premium |
| Maximum charge |
|
$198.67 per $1,000 of Specified Premium |
| Charge for representative insured
person |
|
$51.66 per $1,000 of Specified Premium |
| Long-Term Care Rider(9) |
Monthly |
|
| Minimum charge |
|
$0.01 per $1,000 of NAR |
| Maximum charge |
|
$3.34 per $1,000 of NAR |
| Charge for representative insured
person |
|
$0.08 per $1,000 of NAR |
| Long-Term Care Rider 2018(10) |
Monthly |
|
| Minimum charge |
|
$0.01 per $1,000 of NAR |
| Maximum charge |
|
$3.75 per $1,000 of NAR |
| Charge for representative insured
person |
|
$0.07 per $1,000 of NAR |
| Return of Premium Death Benefit Rider(11) |
Monthly |
|
| Minimum charge |
|
$0.02 per $1,000 of NAR |
| Maximum charge |
|
$83.33 per $1,000 of NAR |
| Charge for representative insured
person |
|
$0.22 per $1,000 of NAR |
| PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES |
||
| Charge |
When Charge is Deducted |
Amount Deducted |
| Defined Benefit Chronic Illness Rider(12) |
Monthly |
|
| Minimum charge |
|
$0.01 per $1,000 of NAR |
| Maximum charge |
|
$31.69 per $1,000 of NAR |
| Charge for representative insured
person |
|
$0.05 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% |
| 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 | |||
| 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 |
| 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 |