| FEES AND EXPENSES | ||||
| Transaction Charges |
You may be charged for the following transactions:
A premium sales charge, a premium tax charge, and a deferred acquisition
cost (“DAC”) tax charge will be deducted from
each premium paid. A premium recalculation charge will be deducted upon a premium
recalculation that the policy provides for.
An extra mortality risk charge may be deducted upon payment of a
premium. A partial withdrawal charge will be deducted upon
making a partial withdrawal.
A transfer fee may be deducted upon transfers into or out of a variable
investment account after you have made more than twelve
such transfers in a year. |
FEE TABLE
Deductions from premium
payments
Deductions from account
value | ||
| Ongoing Fees and
Expenses (annual charges) |
In addition to transaction charges, you will also be subject to certain
ongoing fees and expenses, including an insurance charge,
a maintenance charge for issuing and maintaining the
policy, a guaranteed death benefit charge, a mortality and
expense risk (“M&E”) charge 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 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 accounts (portfolio fees
and expenses) |
0.39% |
1.09% | ||
| RISKS | ||
| Risk of Loss |
You can lose money by investing in this policy. |
PRINCIPAL RISKS OF
INVESTING IN THE
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
sales charge and premium tax charge, as well as potential
adverse tax consequences from such short-term
use. |
Access to Funds
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/FlexV2_V. |
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 account 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 1-800-732-5543. |
Depositor
Registrant |
| Policy Lapse |
If you are required to pay a premium or other amount to keep the
policy in force, we will notify you of how much you need
to pay. You will have a grace period of at least 31 days
after we mail the notice to make the payment. If you
don’t pay at least the required amount by the end
of the grace period, your policy will terminate (i.e., “lapse”). You can apply to reinstate a policy that has lapsed, subject to
conditions that include payment of a specified amount of additional
premiums.
Since withdrawals reduce your account value, withdrawals increase
the risk of lapse. Loans also increase the risk of
lapse. |
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 account value among those options. In
particular, your allocation options will be affected if
you elect to take a loan. 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. 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. |
Transfer of Account Value Availability of Loans, Limitations and Interest Portfolios |
| 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. |
OTHER BENEFITS AVAILABLE UNDER THE POLICY |
| 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 held 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 |
| 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 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 |
| 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 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 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 |
| Investment Objective |
Portfolio and Adviser/Subadviser |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/23) (%) | ||
| 1-Year |
5-Year |
10-Year | |||
| 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 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 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 |
| 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 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 |
| 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 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 |
| 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 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 |