Prospectus Supplement
John Hancock Variable Insurance Trust
Equity Income Trust (the fund)
Supplement dated September 24, 2026 to the current Summary Prospectus, as may be supplemented (the Summary Prospectus)
At its meeting held on September 22-24, 2026, the Trust’s Board of Trustees approved a reduction in the fund’s management fee to be retroactively effective as of August 1, 2026 (the Effective Date). As a result, the information in the “Annual fund operating expenses” table and the “Expense example” table in the fund summary section for the fund is amended and restated as follows to reflect the fund’s revised management fee as of the Effective Date: 
Annual fund operating expenses (%) (expenses that you pay each year as a percentage of the value of your investment)
Series I
Series II
Series NAV
Management fee
0.67
1
0.67
1
0.67
1
Distribution and service (Rule 12b-1) fees
0.05
0.25
0.00
Other expenses
0.05
0.05
0.05
Total annual fund operating expenses
0.77
0.97
0.72
Contractual expense reimbursement
-0.01
2
-0.01
2
-0.01
2
Total annual fund operating expenses after expense reimbursements
0.76
0.96
0.71
1
“Management fee” has been restated to reflect the contractual management fee schedule effective August 1, 2026.
2
The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement, including the fund (the participating portfolios). This waiver equals, on an annualized basis, 0.0100% of that portion of the aggregate net assets of all the participating portfolios that exceeds $75 billion but is less than or equal to $125 billion; 0.0125% of that portion of the aggregate net assets of all the participating portfolios that exceeds $125 billion but is less than or equal to $150 billion; 0.0150% of that portion of the aggregate net assets of all the participating portfolios that exceeds $150 billion but is less than or equal to $175 billion; 0.0175% of that portion of the aggregate net assets of all the participating portfolios that exceeds $175 billion but is less than or equal to $200 billion; 0.0200% of that portion of the aggregate net assets of all the participating portfolios that exceeds $200 billion but is less than or equal to $225 billion; and 0.0225% of that portion of the aggregate net assets of all the participating portfolios that exceeds $225 billion. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each participating portfolio. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on July 31, 2027, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.
Expense example
The examples are intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The examples assume that $10,000 is invested in the fund for the periods indicated and then all shares are redeemed at the end of those periods. The examples also assume that the investment has a 5% return each year and that the fund’s operating expenses remain the same. The expense example does not reflect fees and expenses of any variable insurance contract that may use the fund as its underlying investment option and would be higher if they did. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 
Expenses ($)
Series I
Series II
Series NAV
1 year
78
98
73
3 years
245
308
229
5 years
427
535
400
10 years
953
1,189
894
You should read this supplement in conjunction with the Summary Prospectus and retain it for your future reference.