# EDGAR Filing Document

**Accession Number:** 0000906470
**File Stem:** 0001193125-26-166436
**Filing Date:** 2026-4
**Character Count:** 641854
**Document Hash:** 2f35149d3b2008874f9f4c20495ccd59
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-166436.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001193125-26-166436

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**EFFECTIVENESS DATE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HANCOCK JOHN VARIABLE LIFE ACCOUNT UV/
- **CENTRAL INDEX KEY:** 0000906470

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07766
- **FILM NUMBER:** 26878680

**BUSINESS ADDRESS:**
- **STREET 1:** JOHN HANCOCK LIFE INSURANCE CO. (U.S.A.)
- **STREET 2:** 197 CLARENDON STREET, C-1
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-572-5571

**MAIL ADDRESS:**
- **STREET 1:** JOHN HANCOCK LIFE INSURANCE CO. (U.S.A.)
- **STREET 2:** 197 CLARENDON STREET, C-1
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN VARIABLE LIFE INSURANCE ACCOUNT UV
- **DATE OF NAME CHANGE:** 20011017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN MUTUAL VARIABLE LIFE INSURANCE ACCOUNT UV
- **DATE OF NAME CHANGE:** 19930714
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HANCOCK JOHN VARIABLE LIFE ACCOUNT UV/
- **CENTRAL INDEX KEY:** 0000906470

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-164164
- **FILM NUMBER:** 26878679

**BUSINESS ADDRESS:**
- **STREET 1:** JOHN HANCOCK LIFE INSURANCE CO. (U.S.A.)
- **STREET 2:** 197 CLARENDON STREET, C-1
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-572-5571

**MAIL ADDRESS:**
- **STREET 1:** JOHN HANCOCK LIFE INSURANCE CO. (U.S.A.)
- **STREET 2:** 197 CLARENDON STREET, C-1
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN VARIABLE LIFE INSURANCE ACCOUNT UV
- **DATE OF NAME CHANGE:** 20011017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN MUTUAL VARIABLE LIFE INSURANCE ACCOUNT UV
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### HANCOCK JOHN VARIABLE LIFE ACCOUNT UV/ (Series ID: S000009936)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000085993 | Majestic Performance Survivorship Variable Universal Life |  |
| C000085994 | Variable Estate Protection Edge                           |  |
| C000085995 | Performance Survivorship Variable Universal Life          |  |

As filed with the U.S. Securities and Exchange Commission on April 21, 2026 <br>Registration No. 333-164164

------

U.S. SECURITIES AND EXCHANGE COMMISSION <br>Washington, D.C. 20549

------

FORM N-6

SEC File No 811-7766

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 <br>POST EFFECTIVE AMENDMENT NO. 18 [X]

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 <br>AMENDMENT NO. 97 [X]

John Hancock Variable Life Account UV

(Exact Name of Registrant)

John Hancock Life Insurance Company (U.S.A.)

(Name of Depositor)

200 Berkeley Street <br>Boston, MA 02116

(Complete address of depositor's principal executive offices)

Depositor's Telephone Number: 617-572-6000

------

MICHAEL A. RAMIREZ <br>John Hancock Life Insurance Company (U.S.A.) <br>U.S. INSURANCE LAW <br>197 CLARENDON ST. <br>BOSTON, MA 02116

(Name and complete address of agent for service)

------

Approximate Date of Proposed Public Offering: As soon as practicable after effectiveness of this amendment.

It is proposed that this filing will become effective (check appropriate box):

[ ] immediately upon filing pursuant to paragraph (b)

[X] on April 27, 2026, 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.

If appropriate check the following box

[ ] this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

------

John Hancock Variable Life Account UV

**John Hancock Life Insurance Company (U.S.A.)** <br>**("John Hancock USA")** 

Flexible Premium Variable Universal Survivorship Life Insurance Policy

MAJESTIC PERFORMANCE SURVIVORSHIP VARIABLE UNIVERSAL LIFE

Prospectus dated April 27, 2026

You may choose to allocate your account value to one or more of the options that the policies make available for that purpose. These options include our "variable investment accounts," where the account value will vary directly with the positive or negative investment experience of underlying investment "portfolios." To provide you with that investment experience, amounts that you allocate to a variable investment account are held in a corresponding "subaccount" of John Hancock Variable Life Account UV ("Separate Account"), and the subaccount invests those amounts exclusively in one of the portfolios.

You may also allocate account value to a "fixed investment option" that the policy makes available. This prospectus provides detailed information about all such options to which you can allocate your account value.

Please note that the Securities and Exchange Commission ("SEC") has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Additional information about certain investment products, including variable life insurance, has been prepared by the SEC's staff and is available at Investor.gov.

------

**Table of Contents** 

---

| | |
|:---|:---|
| **[important Information you should consider about the policy](#xx_e8dc3af5-fe74-4ff0-84b0-0ca1e9a0bae9_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| **[Overview of the Policy](#xx_4ff501d0-c5c6-4141-b063-80c7a777e627_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Purpose](#xx_4ff501d0-c5c6-4141-b063-80c7a777e627_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Premiums](#xx_4ff501d0-c5c6-4141-b063-80c7a777e627_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Policy Features](#xx_4ff501d0-c5c6-4141-b063-80c7a777e627_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Death benefit.](#xx_4ff501d0-c5c6-4141-b063-80c7a777e627_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Surrender of the policy.](#xx_4ff501d0-c5c6-4141-b063-80c7a777e627_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Partial Withdrawals.](#xx_4ff501d0-c5c6-4141-b063-80c7a777e627_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Policy loans.](#xx_4ff501d0-c5c6-4141-b063-80c7a777e627_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Supplementary benefit riders.](#xx_4ff501d0-c5c6-4141-b063-80c7a777e627_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Fee Table](#xx_6c56db78-a7fa-4e0a-bee4-0b8b5fefff7d_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| **[General Description of the Policy](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| *[Policy Rights](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| **[Owner and beneficiary.](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| *[Allocation of Premiums](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| *[Transfers of Account Value](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| **[Limitations on transfers to or from a variable investment account.](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| **[Frequent transfers among variable investment accounts.](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Limitations on transfers out of the fixed investment option.](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Potential additional limitations.](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Dollar cost averaging and asset allocation balancer programs.](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| *[General Account](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[The fixed investment options.](#xx_e8400e91-5fe0-4a01-8a25-264f6e10bc48_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Premiums](#xx_528434c7-ea97-4fb9-8a5e-53cfd39b86ef_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Purchase Procedures](#xx_528434c7-ea97-4fb9-8a5e-53cfd39b86ef_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Premium Amount](#xx_528434c7-ea97-4fb9-8a5e-53cfd39b86ef_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Premium Due Dates](#xx_528434c7-ea97-4fb9-8a5e-53cfd39b86ef_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Guaranteed Death Benefit Feature](#xx_528434c7-ea97-4fb9-8a5e-53cfd39b86ef_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| **[Standard Death Benefits](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| *[Standard Death Benefits](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Effectiveness and Policy Date.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Temporary insurance coverage.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Option A and Option B.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Basic Sum Insured and Additional Sum Insured.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Minimum insurance amount.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Calculation and payment of the death benefit.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Changes you may make.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| *[Additional Information About Standard Death Benefits](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Requesting an increase or decrease in coverage.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Change of death benefit option.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Tax consequences of coverage changes.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Limitations on payment of death benefit.](#xx_513213a0-5137-49b9-9bdf-62e1f49096e2_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Surrenders and Partial Withdrawals](#xx_4a8b4eb7-3189-4161-be34-3be232ab8261_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| *[Surrender and Partial Withdrawals](#xx_4a8b4eb7-3189-4161-be34-3be232ab8261_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| *[Additional Information Regarding Surrender and Partial Withdrawals](#xx_4a8b4eb7-3189-4161-be34-3be232ab8261_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |

---

------

---

| | |
|:---|:---|
| **[Loans](#xx_f06e9bde-cf67-4548-a4ea-3770a8723ec3_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Availability of Loans, Limitations and Interest](#xx_f06e9bde-cf67-4548-a4ea-3770a8723ec3_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Effects of Policy Loans on Account Value and Death Benefit](#xx_f06e9bde-cf67-4548-a4ea-3770a8723ec3_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Other Effects of Loans](#xx_f06e9bde-cf67-4548-a4ea-3770a8723ec3_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Loan Repayments](#xx_f06e9bde-cf67-4548-a4ea-3770a8723ec3_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| **[Other Benefits Available Under the Policy](#xx_d5aa96c2-da8e-40ea-933f-1f9dbd89623f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[More About Certain Optional Benefits](#xx_34c139f8-f8b4-4dbb-863a-6857580b36df_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Enhanced Cash Value Rider.](#xx_34c139f8-f8b4-4dbb-863a-6857580b36df_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Policy Split Option Rider.](#xx_34c139f8-f8b4-4dbb-863a-6857580b36df_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Four Year Term Rider.](#xx_34c139f8-f8b4-4dbb-863a-6857580b36df_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Taxes](#xx_100397e3-bd85-4866-81a3-cfda0aa1e97e_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| *[Tax Consequences of Owning a Policy](#xx_100397e3-bd85-4866-81a3-cfda0aa1e97e_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| *[Tax Consequences of Electing Certain Supplementary Benefit Riders](#xx_100397e3-bd85-4866-81a3-cfda0aa1e97e_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| *[Effect on the Company's Taxes](#xx_100397e3-bd85-4866-81a3-cfda0aa1e97e_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| **[Principal Risks of Investing in the Policy](#xx_0fcd3238-926f-42b8-ad38-f0b3d5a13f32_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Lapse Risk](#xx_0fcd3238-926f-42b8-ad38-f0b3d5a13f32_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Investment Risk/Risk of Loss](#xx_0fcd3238-926f-42b8-ad38-f0b3d5a13f32_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Access to Funds Risk](#xx_0fcd3238-926f-42b8-ad38-f0b3d5a13f32_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Transfer Risk](#xx_0fcd3238-926f-42b8-ad38-f0b3d5a13f32_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Early Surrender or Withdrawal Risk/Not a Short-Term Investment](#xx_0fcd3238-926f-42b8-ad38-f0b3d5a13f32_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Tax Risks](#xx_0fcd3238-926f-42b8-ad38-f0b3d5a13f32_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| *[Cybersecurity Risks](#xx_0fcd3238-926f-42b8-ad38-f0b3d5a13f32_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| **[Additional Information Regarding the Policy](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Charges](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Deductions from premium payments.](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Deductions from account value.](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Charges at the portfolio level.](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Additional Information About How Certain Policy Charges Work](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Other Charges We Could Impose in the Future](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Commissions Paid to Dealers](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Lapse and Reinstatement](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Lapse.](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Reinstatement.](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[Variations](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[Policy or Separate Account Changes](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[When We Pay Policy Proceeds](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[When the Younger Insured Person Reaches 100](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| **[General Description of Registrant, Depositor and Portfolios](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_7)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Depositor](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Registrant](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Portfolios](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Voting Portfolio Shares](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Legal Proceedings](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_8)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| **[Financial Statements](#xx_9af02157-690f-4b6e-a3fa-639e7aa23e2f_8)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| **[Appendix: Portfolios Available Under The Policy](#xx_011cce10-f62d-4baf-a194-e922c6cbfc3f_1)** | &nbsp;&nbsp; Appendix-1 |

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**important Information you should consider about the policy** 

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|:---|:---|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| Charges for Early <br> Withdrawals<br>| &nbsp;&nbsp; There are contingent deferred sales charges ("CDSC") applicable upon <br> surrender or reduction of Basic Sum Insured, as specified in the Fee Table <br> below. There are also partial withdrawal charges assessed if you make a <br> partial withdrawal. | &nbsp;&nbsp; There are contingent deferred sales charges ("CDSC") applicable upon <br> surrender or reduction of Basic Sum Insured, as specified in the Fee Table <br> below. There are also partial withdrawal charges assessed if you make a <br> partial withdrawal. | &nbsp;&nbsp; There are contingent deferred sales charges ("CDSC") applicable upon <br> surrender or reduction of Basic Sum Insured, as specified in the Fee Table <br> below. There are also partial withdrawal charges assessed if you make a <br> partial withdrawal. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from account* <br> *value*<br>|
| Transaction Charges | &nbsp;&nbsp; In addition to the CDSC and partial withdrawal charges (if applicable), you <br> may also be charged for the following transactions:<br>A premium sales charge will be deducted from each premium paid.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to the CDSC and partial withdrawal charges (if applicable), you <br> may also be charged for the following transactions:<br>A premium sales charge will be deducted from each premium paid.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to the CDSC and partial withdrawal charges (if applicable), you <br> may also be charged for the following transactions:<br>A premium sales charge will be deducted from each premium paid.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from premium* <br> *payments*<br>*Deductions from account* <br> *value*<br>|
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; In addition to the CDSC and partial withdrawal charges (if applicable), you <br> will also be subject to certain ongoing fees and expenses, including an <br> insurance charge, issue charge, maintenance charge, Per thousand TSI <br> charge, asset-based risk charge, policy loan costs, and supplementary benefit <br> rider charges. Some of these fees and expenses are based wholly or in part on <br> the characteristics of the insured persons (e.g., age, sex, and underwriting <br> classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to the CDSC and partial withdrawal charges (if applicable), you <br> will also be subject to certain ongoing fees and expenses, including an <br> insurance charge, issue charge, maintenance charge, Per thousand TSI <br> charge, asset-based risk charge, policy loan costs, and supplementary benefit <br> rider charges. Some of these fees and expenses are based wholly or in part on <br> the characteristics of the insured persons (e.g., age, sex, and underwriting <br> classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to the CDSC and partial withdrawal charges (if applicable), you <br> will also be subject to certain ongoing fees and expenses, including an <br> insurance charge, issue charge, maintenance charge, Per thousand TSI <br> charge, asset-based risk charge, policy loan costs, and supplementary benefit <br> rider charges. Some of these fees and expenses are based wholly or in part on <br> the characteristics of the insured persons (e.g., age, sex, and underwriting <br> classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from account* <br> *value*<br>|
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |
| Ongoing Fees and <br> Expenses (annual charges) | **Annual Fee** | Minimum | Maximum | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; **Variable investment accounts (portfolio fees** <br> **and expenses)**<br>| 0.39% | 1.19% | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |

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| **RISKS** | **RISKS** | **RISKS** |
| Risk of Loss | You can lose money by investing in this policy. | &nbsp;&nbsp; *PRINCIPAL RISKS OF* <br> *INVESTING IN A* <br> *POLICY*<br>|
| Not a Short- Term <br> Investment<br>| &nbsp;&nbsp; This policy is not a short-term investment and is not appropriate for <br> an investor who needs ready access to cash. The policy is unsuitable <br> as a short-term savings vehicle because of substantial policy-level <br> charges, including the premium charge and the partial withdrawal <br> charge, as well as potential adverse tax consequences from such <br> short-term use.<br>| &nbsp;&nbsp; *Early Surrender or* <br> *Withdrawal Risk/Not a* <br> *Short-Term Investment*<br>|
| Risks Associated with <br> Investment Options<br>| &nbsp;&nbsp; An investment in this policy is subject to the risk of poor <br> performance and can vary depending on the performance of the <br> account allocation options available under the policy (e.g., <br> portfolios). Each such option (including the fixed investment option) <br> will have its own unique risks, and you should review these options <br> before making an allocation decision. You can find the prospectuses <br> and other information about the portfolios at <br> dfinview.com/JohnHancock/PUFT/MPSVUL_UV?site=Majestic.<br>| &nbsp;&nbsp; *Investment Risk/Risk of* <br> *Loss*<br>|

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| **RISKS** | **RISKS** | **RISKS** |
| Insurance Company <br> Risks<br>| &nbsp;&nbsp; Your investment in the policy is subject to risks related to John <br> Hancock USA, including that the obligations (including under the <br> fixed account options), guarantees, or benefits are subject to the <br> claims-paying ability of John Hancock USA. Information about John <br> Hancock USA, including its financial strength ratings, is available <br> upon request from your John Hancock USA representative. Our <br> current financial strength ratings can also be obtained by contacting <br> the Service Office at 1-800-448-1616.<br>| &nbsp;&nbsp; *Depositor*<br>*Registrant*<br>|
| Policy Lapse | &nbsp;&nbsp; Either your entire policy or the Additional Sum Insured portion of <br> your Total Sum Insured can terminate (i.e., "lapse") for failure to pay <br> charges due under the policy. This can happen as a result of <br> insufficient premium payments, poor performance of the variable or <br> general account options you have chosen, withdrawals, or unpaid <br> loans or loan interest. If a default is not cured within a 61-day grace <br> period, your policy will lapse without value, and no death benefit or <br> other benefits will be payable. You can apply to reinstate a policy that <br> has gone into default, subject to conditions including payment of a <br> specified amount of additional premiums.<br>| &nbsp;&nbsp; *Lapse and* <br> *Reinstatement*<br>|

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| **RESTRICTIONS** | **RESTRICTIONS** | **RESTRICTIONS** |
| Investments | &nbsp;&nbsp; There are restrictions that may limit the variable investment account <br> options and general account options (including the fixed investment <br> option) that you may choose, as well as limitations on the transfer of <br> account value among those options. These restrictions may include a <br> monthly limit on the number of transfers you may make. We may also <br> impose additional restrictions to discourage market timing and <br> disruptive trading activity.<br>In particular, your allocation options will be affected if you elect to <br> take a loan .<br>Among other things, the policy also allows us to eliminate the shares <br> of a portfolio or substitute shares of another new or existing <br> portfolio, subject to applicable legal requirements.<br>| &nbsp;&nbsp; *Limitations on transfers* <br> *to or from a variable* <br> *investment account*<br>*Limitations on transfers* <br> *out of the fixed* <br> *investment option*<br>*Effect of Loans on Cash* <br> *Value and Death* <br> *Benefit*<br>*Portfolios*<br>|
| Optional Benefits | &nbsp;&nbsp; There are restrictions and limitations relating to optional benefits, as <br> well as conditions under which an optional benefit may be modified <br> or terminated by us. For example, certain supplementary benefit <br> riders may be subject to underwriting, and your election of an option <br> may result in restrictions upon some of the policy benefits, including <br> availability of investment options.<br>| &nbsp;&nbsp; *More About Certain* <br> *Optional Benefits*<br>|

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| **TAXES** | **TAXES** | **TAXES** |
| Tax Implications | &nbsp;&nbsp; You should consult with a tax professional to determine the tax <br> implications of an investment in and payments received under the <br> policy. There is no additional tax benefit to you if the policy is <br> purchased through a tax-qualified plan. If we pay out any amount of <br> your account value upon surrender or partial withdrawal, all or part <br> of that distribution would generally be treated as a return of the <br> premiums you've paid and not subjected to income tax, with any <br> portion not treated as a return of your premiums includible in your <br> income. Distributions also are subject to tax penalties under some <br> circumstances. If your policy is a modified endowment contract, <br> distributions, including policy loans, are treated as coming first from <br> the gain in the policy and are includible in your income.<br>| &nbsp;&nbsp; *Tax Consequences of* <br> *Owning a Policy*<br>|

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| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| Investment Professional <br> Compensation<br>| &nbsp;&nbsp; Some investment professionals may receive compensation for selling <br> the policy, including by means of commissions and revenue sharing <br> arrangements. These investment professionals may have a financial <br> incentive to offer or recommend this policy over another investment.<br>| &nbsp;&nbsp; *Commissions Paid to* <br> *Dealers*<br>|
| Exchanges | &nbsp;&nbsp; Some investment professionals may have a financial incentive to <br> offer you a new policy in place of the one you already own, and you <br> should only exchange your policy if you determine, after comparing <br> the features, fees, and risks of both policies, that it is preferable for <br> you to purchase the new policy rather than continue to own the <br> existing policy.<br>| &nbsp;&nbsp; *Commissions Paid to* <br> *Dealers*<br>|

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**Overview of the Policy** 

**Purpose** 

This is a so-called "survivorship" policy that provides coverage on two insured persons. The purpose of the policy is to provide lifetime protection against economic loss due to the death of the insured persons, Fees, expenses and tax implications can make variable life insurance unsuitable as a short-term savings vehicle.

**Premiums** 

We call the investments you make in the policy "premiums" or "premium payments." The Minimum Initial Premium is a dollar amount that is stated in your policy specifications and that must be paid to us in full before your policy will take effect. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy. After the payment of the initial premium, premiums may be paid at any time and in any amount until the younger insured person's attained age 121, subject to the need to pay enough premium to keep the policy in force, and to limitations on maximum premium amount.

Federal tax law limits the amount of premium payments you can make relative to the amount of your policy's insurance coverage. We will not knowingly accept any amount by which a premium payment exceeds this limit. In addition, in order to limit our investment risk exposure under certain market conditions, we may refuse to accept additional premium payments. From each premium payment you make, we deduct the applicable premium charges identified in the <u>FEE TABLE</u>. We invest the rest (the "net premium") in the variable investment accounts or any fixed investment option you've elected.

The policy offers a number of variable investment accounts. You can find some important information about each portfolio in the <u>APPENDIX,</u> but for a full description of each portfolio, including the investment objectives and strategies, policies, restrictions, and risks, you should read the portfolio's prospectus carefully before investing in the corresponding variable investment account.

You can also allocate account value to the fixed investment option (where it is credited with rates of interest that we declare from time to time but will never be less than a minimum rate guaranteed in your policy specifications).

If the surrender value is insufficient to pay the charges when due your policy can terminate (i.e. "lapse"). This can happen because you haven't paid enough premium or because the investment performance of the variable investment accounts you've chosen has been poor, or because of a combination of both factors.

**Policy Features** 

**Death benefit.** When the last surviving insured person dies, we will pay the death benefit minus any outstanding loans. There are two ways of calculating the death benefit (Option A and Option B). You choose which one you want in the application. The two death benefit options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option A.</u> The death benefit will equal the greater of (1) the Total Sum Insured, or (2) the minimum insurance amount (as described under "The minimum insurance amount" provision in the Detailed Information section of this prospectus). The "Total Sum Insured" is the is the amount of life insurance coverage equal to the "Basic Sum Insured" and any "Additional Sum Insured" as set forth in your policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option B.</u> The death benefit will equal the greater of (1) the Total Sum Insured plus your policy's account value on the date of death of the last surviving insured person, or (2) the minimum insurance amount.

**Surrender of the policy.** You may surrender the policy in full at any time. If you do, we will pay you the account value of the policy less any outstanding policy debt and less any contingent deferred sales charge that then applies. This is called your "surrender value." You must return your policy when you request a surrender.

**Partial Withdrawals.** You may make a partial withdrawal of your surrender value at any time after the first policy year. Each withdrawal must be at least $1,000. There is a charge for each partial withdrawal. The charge is equal to the lesser of 2% of the withdrawal amount or $50. Your account value is automatically reduced by the amount of the withdrawal and the charge. We reserve the right to refuse a withdrawal if it would reduce the surrender value or the Total Sum Insured below certain minimum amounts.

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**Policy loans.** You may borrow from your policy at any time by completing the appropriate form. The minimum amount of each loan is $1,000. The maximum amount you can borrow is determined by a formula as described in your policy. Interest is charged on each loan. You can pay the interest or allow it to become part of the outstanding loan balance. You can repay all or part of a loan at any time. If there is an outstanding loan when the insured person dies, it will be deducted from the death benefit. Policy loans permanently affect the calculation of your account value, and may also result in adverse tax consequences.

**Supplementary benefit riders.** When you apply for the policy, you can request any of the below-listed supplementary benefit riders that we make available. Availability of riders varies from state to state. Charges for most riders will be deducted monthly from the account value. Some riders may not be available in combination with other riders or benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Cash Value Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Policy Split Option Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Four Year Term Rider

You can find information about the fees we charge for these riders under "Optional Benefit Charges" in the Fee Table below. We also offer, at no charge, a dollar cost averaging ("DCA") program and an asset allocation balancer program.

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**Fee Table** 

The following tables describe the fees and expenses that you will pay when buying, owning, or making withdrawals from the policy. Please refer to your policy specifications for information about the specific fees you will pay each year based on the options you have elected.

The first table describes the fees and expenses that you will pay at the time that you buy the policy or make withdrawals from the policy, or transfer account value between investment options.

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| | | |
|:---|:---|:---|
| **TRANSACTION FEES** | **TRANSACTION FEES** | **TRANSACTION FEES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| Premium sales charge | Upon payment of premium | 8% of any premium paid |
| Maximum contingent deferred sales charge <br> (CDSC)<sup>(1)</sup> <br>| &nbsp;&nbsp; Upon surrender of policy within the period <br> stated<br>Upon reduction of Basic Sum Insured as a <br> result of a partial withdrawal<br>| &nbsp;&nbsp; 100% of first year Target Premium for <br> surrenders in policy year 1<br>Pro rata portion of applicable CDSC<br>|
| Maximum partial withdrawal charge | Upon making a partial withdrawal | &nbsp;&nbsp; Lesser of 2% of withdrawal amount or $50.00<br>|
| Maximum transfer charge<sup>(2)</sup> <br>| &nbsp;&nbsp; Upon each transfer into or out of a variable <br> investment option beyond an annual limit <br> of twelve<br>| $25 |
| Enhanced Cash Value Rider Charge | Upon payment of premium | &nbsp;&nbsp; 4% of premiums paid up to the Target <br> Premium in the first policy year<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;*(1) The CDSC percentage decreases in later policy years as follows: for policy year 2, it is 93%; for policy year 3, it is 86%; for policy year 4, it is 79%; for policy year 5, it is 71%; for policy year 6, it is 64%; for policy year 7, it is 57%; for policy year 8, it is 50%; for policy year 9, it is 43%; for policy year 10, it is 36%; for policy year 11, it is 29%; for policy year 12, it is 21%; for policy year 13, it is 14%; for policy year 14, it is 7%; and for policy years 15 and later, it is 0%. The "Target Premium" for each policy year is determined at the time the policy is issued and appears in the "Policy Specifications" section of the policy. In general, the greater the proportion of Additional Sum Insured at issue, the lower the Target Premium.* 

*(2) This charge is not currently imposed, but we reserve the right to do so in the policy.* 

The next table describes the fees and expenses that you will pay periodically during the time that you own the policy, not including portfolio fees and expenses.

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|:---|:---|:---|
| **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| **Base Policy Charges:** |  |  |
| Insurance charge<sup>(1)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.0001 per $1,000 of AAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.33 per $1,000 of AAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for representative insured <br> persons<br>|  | $0.003 per $1,000 of AAR |
| Maintenance charge | Monthly | $20.00 |
| Maximum Issue charge<sup>(2)</sup> <br>| Monthly | 1.1% of Target Premium |
| Asset-based risk charge<sup>(3)</sup> <br>| Monthly | &nbsp;&nbsp; 0.07% of the first $25,000 of separate <br> account assets in all policy years; 0.07% of <br> separate account assets in excess of <br> $25,000 in policy years 1-5, and 0.03% in <br> policy years 6 and thereafter<br>|
| Per thousand TSI charge<sup>(4)</sup> <br>| Monthly | $0.035 per $1,000 of Total Sum Insured |
| Maximum policy loan interest rate<sup>(5)</sup> <br>| Accrues daily, payable annually | 3.75% |
| **Optional Benefit Charges:** |  |  |

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|:---|:---|:---|
| **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| Policy Split Option Rider | Monthly | 3¢ per $1,000 of current Total Sum Insured |
| Four Year Term Rider<sup>(6)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge | Monthly | $0.01 per $1,000 of Term Death Benefit |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge | Monthly | $83.34 per $1,000 of Term Death Benefit |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for representative insured <br> persons<br>| Monthly | $0.002 per $1,000 of Term Death Benefit |

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&nbsp;&nbsp;&nbsp;&nbsp;*(1) The insurance charge is determined by multiplying the amount of insurance for which we are at risk (the amount at risk or "AAR") by the applicable cost of insurance rate. The rates vary widely depending upon the Total Sum Insured, the length of time the policy has been in effect, the insurance risk characteristics of the insured persons and (generally) the gender of the insured persons. The minimum rate shown is the rate in the first policy year for a $250,000 policy issued to cover two 20 year old female preferred non- tobacco underwriting risks. The maximum rate shown is the rate in the 25th policy year for a $500,000 policy issued to cover two 75 year old male substandard tobacco underwriting risks. This includes the so-called "extra mortality charge." The representative insured persons rate shown is the rate for a 55 year old male preferred non-tobacco underwriting risk and a 50 year old female preferred non-tobacco underwriting risk. These charges may not be particularly relevant to your current situation, and you can obtain information about the specific charges applicable to you from your John Hancock USA representative.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(2) The issue charge applies in the first ten policy years, and varies depending upon the proportion of Additional Sum Insured at issue. The amount quoted in the table assumes the minimum proportion of Additional Sum Insured.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(3) This charge only applies to that portion of account value held in the variable investment options. The charge does not apply to the fixed investment option.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(4) This charge is determined by multiplying the Total Sum Insured by the applicable rate. We currently expect to cease making this charge after the tenth policy year, but that is not guaranteed.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(5) 3.75% is the maximum effective annual interest rate we can charge and applies only during policy years 1-10. The effective annual interest rate is 3.50% for policy years 11-20 and no more than 3.25% thereafter. Under our current rules, the effective annual interest rate after policy year 20 is 3.00%. The amount of any loan is transferred from the investment options to a special loan account which earns interest at an effective annual rate of 3.00%. Therefore, the true cost of a loan is the difference between the loan interest we charge and the interest we credit to the special loan account.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(6) The charge for this rider is determined by multiplying the Term Death Benefit under the rider by the applicable rate. The rates vary by the issue age, gender and insurance risk characteristics of the insured persons. The minimum rate shown is for two 20 year old female preferred non-tobacco underwriting risks. The maximum rate shown is for two 65 year old male substandard tobacco underwriting risks. The representative insured persons rate shown is the rate for a 55 year old male preferred non-tobacco underwriting risk and a 50 year old female preferred non-tobacco underwriting risk. These charges may not be particularly relevant to your current situation, and you can obtain information about the specific charges applicable to you from your John Hancock USA representative.*

The next item shows the minimum and maximum total operating expenses charged by the portfolios that you may pay periodically during the time that you own the policy. A complete list of the portfolios available under the policy, including their annual expenses, may be found at the back of this document.

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|:---|:---|:---|
| **Annual Portfolio Expenses** | **Minimum** | **Maximum** |
| Range of expenses that are deducted from portfolio assets, including <br> management fees, distribution and/or service (12b-1) fees, and other <br> expenses<br>| &nbsp;&nbsp; 0.39% | &nbsp;&nbsp; 1.19% |

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**General Description of the Policy** 

**Policy Rights** 

**Owner and beneficiary.** The owner of the policy is the person who can exercise most of the rights under the policy, such as the right to choose the accounts in which to invest or the right to surrender the policy. In many cases, the person buying the policy is also the person who will be the owner. However, the application for a policy can name another person or entity (such as a trust) as owner. It is possible to name so-called "joint owners" of the policy. If more than one person owns a policy, all owners must join in most requests to exercise rights under the policy. Whenever we've used the term "you" in this prospectus, we've assumed that the reader is the person who has whatever right or privilege is being discussed. There may be tax consequences if the owner and the insured persons are different, so you should discuss this issue with your tax adviser.

While either of the insured persons is alive, you will have a number of options under the policy. These options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Determine when and how much you allocate to the variable investment accounts and any fixed investment option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Borrow or withdraw amounts you have in the variable investment account and any fixed investment option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Change the beneficiary who will receive the death benefit

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Change the amount of insurance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Surrender the policy for its surrender value

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Choose the form in which we will pay out the death benefit or other proceeds

You name your beneficiary when you apply for the policy. The beneficiary is entitled to the proceeds we pay following the death of the last surviving insured person. Until the death of the last surviving insured person you can change your beneficiary by written request. Such a change requires the consent of any named irrevocable beneficiary. A new beneficiary designation will not affect any payments we make before we receive it. If no beneficiary is living when the last insured person dies, we will pay the insurance proceeds to the owner or the owner's estate.

**Allocation of Premiums** 

All premiums received prior to the Issue Date of the policy will be held in the general account and credited with interest from the date of receipt at the rate of return then being earned on amounts allocated to the Money Market variable investment account. After the Issue Date but prior to the Allocation Date, net premiums received are allocated to the Money Market variable investment account. The "Allocation Date" of the policy is the tenth day after the Issue Date. The Issue Date is shown in your policy specifications. On the Allocation Date, the net premiums paid plus return credited, if any, will be allocated among the variable investment accounts or the fixed investment option in accordance with the policy owner's instructions. Any net premium received on or after the Allocation Date will be allocated among variable investment accounts or the fixed investment option as of the business day on or next following the date the premium is received at the Service Office. In your application for a policy, you give us your initial instructions as to how you wish your initial and future premium payments to be allocated among the variable investment and fixed accounts. Your instructions must be in percentages that add up to 100%. By written request and at any time, you may change the variable investment accounts or any fixed investment option in which future premium payments will be invested.

**Transfers of Account Value** 

You may transfer your account value from one variable investment account or any fixed investment option to another, subject to the limitations discussed below. To do so, you must tell us how much to transfer, either as a whole number percentage or as a specific dollar amount. A confirmation of each transfer will be sent to you. Without our approval, the maximum amount you may transfer to or from any variable investment account in any policy year is $1,000,000.

We have adopted policies and procedures with respect to frequent transfers of account value among variable investment accounts.

**Limitations on transfers to or from a variable investment account.** Our current practice is to restrict transfers into or out of variable investment accounts to two per calendar month (except with respect to those policies described in the following paragraphs). For purposes of this restriction, and in applying the limitation on the number of free transfers, any transfers made

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during the period from the opening of a business day (usually 9:00 a.m. Eastern time) to the close of that business day (usually 4:00 p.m. Eastern time) are considered one transfer. You may, however, transfer to the Money Market variable investment account even if the two transfers per month limit has been reached, but only if 100% of the account value in all variable investment accounts is transferred to the Money Market variable investment account. If such a transfer to the Money Market variable investment account is made, then for the 30 calendar day period after such transfer no transfers from the Money Market variable investment account to any other variable investment account or any fixed investment option may be made. If your policy offers a dollar cost averaging or automatic asset allocation rebalancing program, any transfers pursuant to such program are not considered transfers subject to these restrictions on frequent trading.

Subject to our approval, we may offer policies purchased by a corporation or other entity that has purchased policies to match its liabilities under an employee benefit plan, as described above, the ability to electronically rebalance the variable investment accounts in its policies. Under these circumstances, in lieu of imposing any specific limit upon the number and timing of transfers, we will monitor aggregate trades among the subaccounts for frequency, pattern and size for potentially harmful investment practices. If we detect trading activity that we believe may be harmful to the overall operation of any variable investment account or portfolio, we may impose conditions on policies employing electronic rebalancing to submit trades, including setting limits upon the number and timing of transfers, and revoking privileges to make trades by any means other than written communication submitted via U.S. mail. While we seek to identify and prevent disruptive frequent trading activity, it may not always be possible to do so. Therefore no assurance can be given that the restrictions we impose will be successful in preventing all disruptive frequent trading and avoiding harm to long-term investors.

We will apply these limitations uniformly to each class of policies.

**Frequent transfers among variable investment accounts.** Variable investment accounts in variable life insurance products can be a prime target for abusive transfer activity because these products value their variable investment accounts on a daily basis and allow transfers among variable investment accounts without immediate tax consequences. As a result, some investors may seek to frequently transfer into and out of variable investment accounts or to make large transfers in reaction to market news or to exploit a perceived pricing inefficiency. Whatever the reason, long-term investors in any variable investment account can be harmed by large or frequent transfer activity. For example, such activity may expose the variable investment account's portfolio to increased portfolio transaction costs and/or disrupt the portfolio manager's ability to effectively manage the portfolio's investments in accordance with the portfolio's investment objectives and policies. This could include causing the portfolio to maintain higher levels of cash than would otherwise be the case, or liquidating investments prematurely. Accordingly, frequent or large transfers may result in dilution with respect to interests held for long-term investment and adversely affect policy owners, beneficiaries and the portfolios.

To discourage market timing and disruptive trading activity, we impose restrictions on transfers and reserve the right to change, suspend or terminate telephone, facsimile and internet transaction privileges. We also reserve the right to impose a fee of up to $25 for any transfer beyond an annual limit (which would be 12 or more).

While we seek to identify and prevent disruptive trading activity, it may not always be possible to do so. Therefore, no assurance can be given that the restrictions we impose will be successful in preventing all disruptive trading and avoiding harm to long-term investors.

**Limitations on transfers out of the fixed investment option.** Transfers out of the fixed investment options are currently subject to the following restrictions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You can only make one transfer out of either fixed investment option in each policy year.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any transfer request received within 6 months of the last transfer out of a fixed investment option will not be processed until such 6 month period has expired.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The most you can transfer at any one time out of the standard fixed investment option is the greater of (i) $500 (ii) 25% of your assets in the standard fixed investment option or (iii) the amount you transferred out of the standard fixed investment option during the previous policy year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The most you can transfer at any one time out of the enhanced yield fixed investment option is the greater of (i) $500 (ii) 10% of your assets in the enhanced yield fixed investment option or (iii) the amount you transferred out of the enhanced yield fixed investment option during the previous policy year.

We reserve the right to impose a minimum amount limit on transfers out of either fixed investment option.

If there is a default and a "grace period" is triggered, you will be prohibited from making any transfers among investment options while the grace period remains in effect.

**Potential additional limitations.** We reserve the right to take other actions to restrict transfers, including, but not limited to: (i) restricting the number of transfers made during a defined period, (ii) restricting the dollar amount of transfers, (iii) restricting transfers into and out of certain variable investment accounts, (iv) restricting the method used to submit transfers, and (v) deferring a transfer at any time we are unable to purchase or redeem shares of the portfolio. We may also impose additional administrative conditions upon or prohibit a transfer request made by a third party giving instructions on behalf of multiple policies, whether owned by the same owner or different owners. If you engage a third party for asset allocation services, then you may be subject to these transfer restrictions because of the actions of that party in providing those services. We will notify the third party you have engaged if we exercise this right. A portfolio also may require us to impose additional trading restrictions if violations of its policies against frequent or disruptive trading in its shares are discovered.

**Dollar cost averaging and asset allocation balancer programs.** We may offer policy owners a dollar cost averaging ("DCA") program. Under the DCA 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 investment option. If insufficient funds exist to effect a DCA transfer, the transfer will not be effected and you will be so notified. We do not apply any minimum amount requirements for participation in the DCA program. You can participate in both the dollar cost averaging and asset rebalancing programs at the same time. Under the asset allocation balancer program you will designate an allocation of policy value among variable investment accounts. We will move amounts among the variable investment accounts at specified intervals you select - annually, semi-annually, quarterly or monthly. A change to your premium allocation instructions will automatically result in a change in asset allocation balancer instructions so that the two are identical unless you either instruct us otherwise or have elected the dollar cost averaging program. This asset allocation balancer program only applies to policy value in the variable investment accounts. No fee is charged for these programs. We reserve the right to cease to offer these programs as of 90 days after written notice is sent to you.

**General Account** 

The fixed investment options are part of our general account. Our general account consists of all assets owned by us other than those in the Separate Account and any other separate accounts which we have established and may establish. Any interest credited to a policy owner from an investment in a fixed investment option t, and any guaranteed benefits we may provide under the policy that exceed the value of amounts held in the Separate Account, will be paid from the Company's general account and are subject to the Company's financial strength and claims paying ability. Subject to applicable law, John Hancock USA has sole discretion over the investment of the assets of the general account and policy owners do not share in the investment experience of, or have any preferential claim on, those assets. John Hancock USA bears full investment risk for all amounts allocated to the fixed investment option.

Because of exemptive and exclusionary provisions, interests in our fixed investment option have not been and will not be registered under the Securities Act of 1933 and our general account has not been registered as an investment company under the Investment Company Act of 1940 ("1940 Act"). Accordingly, neither the general account nor any interests therein are subject to the provisions of these acts. Disclosures regarding the general account, however, are subject generally to applicable provisions of federal securities laws relating to the accuracy and completeness of statements made in the prospectus.

**The fixed investment options.** Our obligations under any fixed investment options are backed by our general account assets. Our general account consists of assets owned by us other than those in the Account and in other separate accounts that we may establish. Subject to applicable law, we have sole discretion over the investment of assets of the general account and policy

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owners do not share in the investment experience of, or have any preferential claim on, those assets. Instead, we guarantee that the account value allocated to any fixed investment option will accrue interest daily at an effective annual rate that we determine without regard to the actual investment experience of the general account. We currently offer two fixed investment options—the standard fixed account, and the enhanced yield fixed account. The effective annual rate we declare for the two fixed investment options will never be less than 3%. We reserve the right to offer one or more additional fixed investment options with characteristics that differ from those of the current fixed investment options, but we are under no obligation to do so.

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**Premiums** 

**Purchase Procedures** 

Generally, the policy is available with a minimum Basic Sum Insured at issue of $250,000 and a minimum Basic Sum Insured at issue of $250,000. At the time of issue, each insured person must have an attained age of at least 20 and no more than 85. Each insured person must meet certain health and other insurance risk criteria called "underwriting standards."

Policies issued in Montana or in connection with certain employee plans will not directly reflect the sex of each insured person in either the premium rates or the charges or values under the policy.

The Minimum Initial Premium is set forth in your policy specifications. Factors that determine the minimum initial premium amount generally include each insured person's age, sex and risk classification including any additional ratings; the Total Sum Insured of insurance and election of any Additional Sum Insured; choice of Death Benefit option; and any selected supplementary benefit rider. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy.

If you pay premiums by check or money order, they must be drawn on a U.S. bank in U.S. dollars and made payable to "John Hancock." We will not accept credit card checks. We will not accept starter or third party checks if they fail to satisfy our administrative requirements. Premiums after the first must be sent to the John Hancock USA Service Office at the appropriate address shown on the back cover of this prospectus. We will also accept premiums by wire or by exchange from another insurance company, or via an electronic funds transfer program (any owner interested in making monthly premium payments must use this method).

**Premium Amount** 

In addition to the Minimum Initial Premium, your policy specifications will also show the "Planned Premium" that you chose for the policy. Payment of Planned Premiums is not necessarily required, however. You need only pay enough premium to keep the policy in force.

The amount and frequency of the Planned Premium are determined by you, in consultation with your financial advisor, based upon your financial objectives for the policy. Depending upon the amount and timing of your actual premium payments, investment results, changing objectives and other factors, you may need to change the amount and frequency of your premium payments from the Planned Premium amount in order for the policy to continue to support your financial objectives. You may be required to pay additional premiums beyond the Planned Premium amount in order to keep your policy from lapsing. You should request in-force illustrations periodically in order to help assure that you are keeping on track with your objectives.

Federal tax law limits the amount of premium payments you can make relative to the amount of your policy's insurance coverage. Also, in order to limit our exposure to unanticipated investment risk, we may refuse to accept additional premium payments. For example, with large premium payments in an environment of decreasing interest rates, we may not be able to acquire investments for our general account that will sufficiently match the liabilities we are incurring under our fixed investment option guarantees. Excessive allocations may also interfere with the effective management of our variable investment accounts, if we are unable to make an orderly investment of the additional premium into the variable investment accounts. Also, we may refuse to accept or limit an amount of premium if the amount of the premium would increase our insurance risk exposure, and each insured person doesn't provide us with adequate evidence that he or she continues to meet our requirements for issuing insurance.

We will notify you in writing of our refusal to accept premium and will promptly thereafter take the necessary steps to return the premium to you. Notwithstanding the foregoing limits on the premium that we will accept, we will not refuse to accept any premium necessary to prevent the policy from terminating.

**Premium Due Dates** 

Either your entire policy or the Additional Sum Insured portion of your Total Sum Insured can terminate (i.e., "lapse") for failure to pay charges due under the policy. Therefore, a policy could lapse eventually if increases in account value (prior to deduction of policy charges) are not sufficient to cover policy charges. During the first 5 policy years, there can be no lapse of any kind if the guaranteed death benefit feature is in effect. If the guaranteed death benefit feature is in effect after the 5th policy year, the Additional Sum Insured and any additional benefit riders (unless otherwise stated therein) will be in default

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and may lapse if the policy's surrender value is not sufficient to pay the charges on a grace period testing date. If the guaranteed death benefit feature is not in effect, the entire policy will be in default and may lapse if the policy's surrender value is not sufficient to pay the charges on a grace period testing date. In either case, we will notify you of how much you will need to pay to keep the Additional Sum Insured or the policy in force. You will have a 61 day "grace period" to make these payments. If you pay these amounts during the grace period, you may also continue the guaranteed death benefit feature by paying the necessary amount of GDB Premiums. If you don't pay at least the required amount by the end of the grace period, the Additional Sum Insured and any additional benefit riders (unless otherwise stated therein) or your policy, as the case may be, will lapse. If your policy lapses, all coverage under the policy will cease.

**Guaranteed Death Benefit Feature** 

This feature guarantees that your Basic Sum Insured will not terminate (i.e., "lapse"), regardless of adverse investment performance, if on each "grace period testing date" the amount of cumulative premiums you have paid (less all withdrawals from the policy and all outstanding loans) equals or exceeds the sum of all Guaranteed Death Benefit Premium ("GDB Premium") due to date. For the first 5 policy years, the same applies to any amount of Additional Sum Insured. If the Guaranteed Death Benefit test is not satisfied on any grace period testing date, the guaranteed death benefit feature will not be "in effect" on that date. We currently test on a quarterly basis, but reserve the right to test on each monthly deduction date. (The term "monthly deduction date" is defined under "Procedures for issuance of a policy".)

Your policy will show two types of GDB Premium (or such other types as permitted by your policy's state of issue):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5 Year GDB Premium - This is used on each grace period testing date until the 5th policy anniversary. The total GDB Premium that is "due to date" on any grace period testing date during this period is equal to the 5 Year GDB Premium times the number of elapsed policy months from the policy's date of issue through the grace period testing date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifetime GDB Premium - This is used on each grace period testing date that occurs on and after the 5th policy anniversary. The total GDB Premium that is "due to date" on any grace period testing date during this period is equal to the Lifetime GDB Premium times the number of elapsed policy months from the policy's date of issue through the grace period testing date.

The Lifetime GDB Premium is higher than the 5 Year GDB Premium, but neither of them will ever be greater than the so-called "guideline premium" for the policy as defined in section 7702 of the Code. The GDB Premium varies from policy to policy based upon a number of factors, including each insured person's issue age, insurance risk characteristics and (generally) gender.

For the first 5 policy years, the guaranteed death benefit feature applies to both the Basic Sum Insured and Additional Sum Insured then in effect and any riders then in effect. On the 5th policy anniversary and thereafter, the guaranteed death benefit feature applies only to the Basic Sum Insured in effect when we issue the policy and does not apply to any amount of Additional Sum Insured or any rider benefits. If you increase the Total Sum Insured, the guaranteed death benefit feature will cease to be in effect on the date such increase takes effect or the 5th policy anniversary, whichever is later. If there is a decrease in the Total Sum Insured or a change in death benefit option, the 5 Year GDB Premium and the Age 100 GDB Premium may be changed. In making any "due date" calculation described above after the effective date of the change, the old GDB Premium will apply up to the effective date of the change and the new GDB Premium will be multiplied by the number of elapsed policy months from the effective date of the change through the grace period testing date.

If there are monthly charges that remain unpaid because of this guaranteed death benefit feature, we will deduct such charges when there is sufficient account value to pay them.

If an insufficient amount of GDB Premium has been paid on a grace period testing date, and your policy would lapse for failure to pay charges then due, we will provide you with a notification.

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**Standard Death Benefits** 

**Standard Death Benefits** 

**Effectiveness and Policy Date.** After you apply for a policy, we gather and evaluate all the information we need to decide whether to issue a policy to you and, if so, what each insured person's risk classification should be. After we approve an application for a policy and assign an appropriate insurance risk classification, we will prepare the policy for delivery. The policy will take effect only if all of the following conditions are satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The policy is delivered to and received by the applicant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Minimum Initial Premium is received by us.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each insured person is living and there has been no deterioration in the insurability of the insured persons since the date of the application.

If all of the above conditions are satisfied, the policy will take effect on the date shown in the policy as the "Policy Date." That is the date on which we begin to take monthly deductions. Policy months, policy years and policy anniversaries are all measured from the Policy Date. Under limited circumstances, we may backdate a policy, upon request, by assigning a Policy Date earlier than the date the application is signed. However, in no event will a policy be backdated earlier than the earliest date allowed by state law, which is generally three months to one year prior to the date of application for the policy. The most common reasons for backdating are to preserve a younger age at issue for one or both of the insured persons or to retain a common monthly deduction date in certain corporate-owned life insurance cases involving multiple policies issued over time. If used to preserve age, backdating will result in lower insurance charges. However, monthly deductions will begin earlier than would otherwise be the case.

**Temporary insurance coverage.** If a specified amount of premium is paid with the application for a policy and other conditions are met, we will provide temporary survivorship term life insurance coverage on the insured persons for a period prior to the time coverage under the policy takes effect. Such temporary term coverage will be subject to the terms and conditions described in the Temporary Life Insurance Agreement and Receipt attached to the application for the policy, including conditions to coverage and limits on amount and duration of coverage.

**Option A and Option B.** When the last surviving insured person dies, we will pay the death benefit minus any outstanding loans, accrued interest and unpaid fees and charges. There are two ways of calculating the death benefit. You must choose which one you want in the application. The two death benefit options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option A.</u> The death benefit will equal the greater of (1) the Total Sum Insured, or (2) the minimum insurance amount (as described below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option B.</u> The death benefit will equal the greater of (1) the Total Sum Insured plus your policy's account value on the date of death of the last surviving insured person, or (2) the minimum insurance amount.

For the same premium payments, the death benefit under Option B will tend to be higher than the death benefit under Option A. On the other hand, the monthly insurance charge will be higher under Option B to compensate us for the additional insurance risk. Because of that, the account value will tend to be higher under Option A than under Option B for the same premium payments.

Poor investment performance of the portfolios, expenses, and deduction of charges under the policy all will reduce the account value and surrender value and may also reduce the death benefit. However, favorable investment performance may increase the account value, surrender value, and death benefit. Therefore, if you experience better investment performance or lower expenses and charges than you assumed, you may be able to reduce your premium payments while maintaining the death benefit and other values under your policy; or if you continue to pay premiums at the same level, the death benefit and other values under your policy may increase. Conversely, if the investment performance falls short of what you assumed, or the expenses or charges are higher, the death benefit and other values under your policy may decrease unless you pay additional premiums.

**Basic Sum Insured and Additional Sum Insured.** Total Sum Insured is composed of the Basic Sum Insured and any Additional Sum Insured you elect. The maximum amount of Additional Sum Insured you can have when we issue the policy is generally limited to 400% of the Basic Sum Insured.

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You should consider a number of factors in determining whether to elect coverage in the form of Basic Sum Insured or in the form of Additional Sum Insured. For the same amount of premiums paid, the amount of the issue charge deducted from the account value and the amount of compensation paid to the selling insurance agent will generally be less if coverage is included as Additional Sum Insured, rather than as Basic Sum Insured. On the other hand, the amount of any Additional Sum Insured is not included in the guaranteed death benefit feature after the 5th policy year and is not extended beyond the age 100 adjustment date. Therefore, if the policy's surrender value is insufficient to pay the monthly charges as they fall due (including the charges for the Additional Sum Insured) after the 5th policy year, the Additional Sum Insured coverage will lapse, even if the Basic Sum Insured stays in effect pursuant to the guaranteed death benefit feature.

Generally, you will incur lower issue charges and have more flexible coverage with respect to the Additional Sum Insured than with respect to the Basic Sum Insured. If this is your priority, you may wish to maximize the proportion of the Additional Sum Insured. However, if your priority is to take advantage of the guaranteed death benefit feature after the 5th policy year the proportion of the policy's Total Sum Insured that is guaranteed can be increased by taking out more coverage as Basic Sum Insured at the time of policy issuance. In addition, the death benefit after the age 100 adjustment date will generally be larger if the proportion of Basic Sum Insured immediately prior to that date is larger.

Any decision you make to modify the amount of Additional Sum Insured coverage after issue can have significant tax consequences.

**Minimum insurance amount.** In order for a policy to qualify as life insurance under Federal tax law, there has to be a minimum amount of insurance in relation to account value. There are two tests that can be applied under Federal tax law—

the "guideline premium and cash value corridor test" and the "cash value accumulation test." When you elect the death benefit option, you must also elect which test you wish to have applied. Under the guideline premium and cash value corridor test, we compute the minimum insurance amount each business day by multiplying the account value on that date by the death benefit factor (called "corridor factor" in the policy) applicable on that date. In this case, the factors are derived by applying the guideline premium and cash value corridor test. The factor starts out at 2.50 for ages at or below 40 and decreases as attained age increases, reaching a low of 1.0 at age 95. A table showing the factor for each age will appear in the policy. Under the cash value accumulation test, we compute the minimum insurance amount each business day by multiplying the account value on that date by the death benefit factor applicable on that date. In this case, the factors are derived by applying the cash value accumulation test. The factor decreases as attained age increases. A table showing the factor for each age will appear in the policy. Regardless of which test is applied, the appropriate factor will be referred to in the policy as the "Required Additional Death Benefit Factor."

As noted above, you have to elect which test will be applied when you elect the death benefit option. The cash value accumulation test may be preferable if you want an increasing death benefit in later policy years and/or want to fund the policy at the "7 pay" limit for the full 7 years. The guideline premium and cash value corridor test may be preferable if you want the account value under the policy to increase without increasing the death benefit as quickly as might otherwise be required.

**Calculation and payment of the death benefit.** We will ordinarily pay any death benefit within seven days after we receive the last required form or request and any other documentation that may be required. You may choose to receive proceeds from the policy as a single sum. If we do not have information about the desired manner of payment within seven days after the date we receive documentation of the last surviving insured person's death, we will pay the proceeds as a single sum. As permitted by state law and our current administrative procedures, death claim proceeds may be placed into an interest-bearing John Hancock retained asset account in the beneficiary's name. The interest earned in a John Hancock retained asset account is normally subject to income tax. You should consult with your tax advisor if you have any questions regarding taxation of the interest earned. We will provide the beneficiary with a checkbook, so checks may be written for all or a part of the proceeds. The retained asset account is part of our general account and is subject to the claims of our creditors. It is not a bank account and it is not insured by the FDIC. We may receive a benefit from managing proceeds held in a retained asset account. Alternatively, you can elect to have proceeds of $1,000 or more applied to any of the other payment options we may offer at the time. You cannot choose an option if the monthly payments under the option would be less than $50. We will issue a supplementary agreement when the proceeds are applied to any alternative payment option. That agreement will spell out terms of the option in full. Please contact our Service Office for more information.

**Changes you may make.** Subject to certain limitations and conditions, you may request a change from death benefit Option 2 to Option 1 or a reduction in your policy's Face Amount. However, you may not request a change from Option 1 to Option 2 or a Face Amount increase.

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**Additional Information About Standard Death Benefits** 

**Requesting an increase or decrease in coverage.** The Basic Sum Insured generally cannot be increased after policy issue. You may request an increase in the Additional Sum Insured. Generally, each such increase must be at least $50,000. However, you will have to provide us with evidence that the insured persons still meet our requirements for issuing insurance coverage. Unless we consent otherwise, you may not increase the Additional Sum Insured if the increase would cause the entire Additional Sum Insured to equal or exceed 800% of the Basic Sum Insured. Generally, any increase will be effective on the policy anniversary on or next following the date we approve the request.

After the first policy year, you may request a reduction in the Total Sum Insured, but only if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the remaining Basic Sum Insured will be at least $250,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the remaining Additional Sum Insured will not exceed 800% of the Basic Sum Insured, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the remaining Total Sum Insured will at least equal the minimum required by the tax laws to maintain the policy's life insurance status.

We may refuse any decrease in the Additional Sum Insured if it would cause the death benefit to increase pursuant to the optional extra death benefit feature. An approved decrease will take effect on the policy anniversary on or next following the date we approve the request. Any reduction in Total Sum Insured will be implemented by first reducing any Additional Sum Insured. If there is any reduction in Basic Sum Insured, a pro-rata portion of the applicable CDSC will be deducted from the account value.

**Change of death benefit option.** You may change your coverage from death benefit Option B to Option A on any policy anniversary, but only if there is no change in the Federal tax law test used to determine the minimum insurance amount. A change from death benefit Option A to Option B is not permitted under our administrative rules.

**Tax consequences of coverage changes.** If you change the death benefit option, the Federal tax law test ("guideline premium test" or "cash value accumulation test") that you elected at issue will continue to apply.

A change in the death benefit option or Total Sum Insured will often change the policy's limits under the Federal tax law test that you elected. To avoid having the policy cease to qualify as life insurance for tax purposes, we reserve the right to (i) refund account value (if the guideline premium test was elected) or (ii) increase the death benefit (if the cash value accumulation test was elected), which may have the effect of increasing cost of insurance charges under the policy.

**Limitations on payment of death benefit.** If the last surviving insured person commits suicide within certain time periods (generally within two years from the Issue Date of the policy), the amount payable will be equal to the premiums paid, less the amount of any policy debt on the date of death, and less any withdrawals. Also if an application misstated the age or sex of the either insured person, we will adjust, if necessary, the Basic Sum Insured, any Additional Sum Insured, and every other benefit to that which would have been purchased at the correct age or sex by the most recent cost of insurance charge.

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**Surrenders and Partial Withdrawals** 

**Surrender and Partial Withdrawals** 

You may surrender your policy in full at any time. If you do, we will pay you the account value, less any policy debt and less any CDSC that then applies and coverage under the policy and any riders and other benefits under the policy will cease. You may make a partial withdrawal of your surrender value at any time after the first policy year. The amount of payment you will receive upon a surrender or withdrawal is based on values calculated as of the day we receive your request in good order or, if that is not a business day, on the next day that is. We generally pay that amount to you within seven days thereafter.

**Additional Information Regarding Surrender and Partial Withdrawals** 

The surrender of the policy terminates the life insurance coverage and other policy benefits. You must return your policy when you request a full surrender.

You may make a partial withdrawal of your surrender value at any time after the first policy year. Each partial withdrawal must be at least $1,000. There is a charge for each partial withdrawal. The charge is equal to the lesser of 2% of the withdrawal amount or $50. We will automatically reduce the account value of your policy by the amount of the withdrawal and the related charge. Unless we agree otherwise, each investment option will be reduced in the same proportion as the account value is then allocated among them. We will not permit a partial withdrawal if it would cause your surrender value to fall below 3 months' worth of monthly charges. We also reserve the right to refuse any partial withdrawal that would cause the policy's Total Sum Insured to fall below $250,000 or the policy's Basic Sum Insured to fall below $250,000. Under the Option A death benefit, the reduction of your account value occasioned by a partial withdrawal could cause the minimum insurance amount to become less than your Total Sum Insured. If that happens, we will automatically reduce your Total Sum Insured. The calculation of that reduction is explained in the policy, and will be implemented by first reducing any Additional Sum Insured in effect. If the reduction in Total Sum Insured would cause your policy to fail the Internal Revenue Code's definition of life insurance, we will not permit the partial withdrawal. If the withdrawal results in a reduction in Basic Sum Insured, a pro-rata portion of the applicable CDSC will be deducted from the account value.

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**Loans** 

**Availability of Loans, Limitations and Interest** 

If your policy is in force and has sufficient policy value, you may borrow from it at any time by completing the appropriate form. However, you can't borrow from your policy during a "grace period". We process policy loans as of the business day on or next following the day we receive the loan request. You can repay all or part of a loan at any time. Policy loans permanently affect the calculation of your policy value and may also result in adverse tax consequences. The amount of the outstanding loan (which includes accrued and unpaid interest) is subtracted from the amount otherwise payable when the policy proceeds become payable.

Generally, the minimum amount of each loan is $1,000. The maximum amount you can borrow is the greater of (i) 75% of the surrender value of your policy or (ii) the amount determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We first determine the surrender value of your policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then subtract an amount equal to 12 times the monthly charges then being deducted from account value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then multiply the resulting amount by .75% in policy years 1 through 10, .50% in policy years 11 through 20, and 0% thereafter (although we reserve the right to increase the percentage after policy year 20 to as much as .25%).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then subtract the third item above from the result of the second item above.

The interest charged on any loan is an effective annual rate of 3.75% in the first 10 policy years, 3.50% in policy years 11 through 20, and 3.00% thereafter. However, we reserve the right to increase the percentage after policy year 20 to as much as 3.25%. Accrued interest will be added to the loan daily and will bear interest at the same rate as the original loan amount. The amount of the loan is placed in a special loan account. This special loan account will earn interest at an effective annual rate of 3.00%.

**Effects of Policy Loans on Account Value and Death Benefit** 

Unless otherwise specified by you, the amount of the loan is deducted from the variable investment accounts and any fixed investment option in the same proportion as the account value is then allocated among them. Amounts in the loan account do not participate in the investment experience of the variable investment accounts or the fixed investment option, and therefore loans can affect the account value and death benefit whether or not the loan is repaid. The account value, the surrender value, and any death benefit above the Total Sum Insured are permanently affected by any loan, whether or not it is repaid in whole or in part. This is because the amount of the loan is deducted from the investment options and placed in a special loan account. The investment options and the special loan account will generally have different rates of investment return.

**Other Effects of Loans** 

Taking a loan on the policy increases the risk that the policy may lapse because of the difference between the interest rate charged on the loan and the interest rate credited to the special loan account. When a loan is outstanding, the amount in the loan account is not available to help pay for any policy charges. If, after deducting your policy loan, there is not enough surrender value to cover the policy charges, your policy could lapse. Whenever the outstanding loan equals or exceeds the surrender value, the policy will terminate 31 days after we have mailed notice of termination to you (and to any assignee of record at such assignee's last known address) specifying the minimum amount that must be paid to avoid termination, unless a repayment of at least the amount specified is made within that period. Also, taking out a loan on the policy increases the risk that the policy may lapse because of the difference between the interest rate charged on the loan and the interest rate credited to the special loan account. Policy loans may result in adverse tax consequences under certain circumstances.

The tax consequences of a loan interest credited differential of 0% are unclear. You should consult a tax adviser before effecting a loan to evaluate possible tax consequences. If we determine that a loan will be treated as a distribution from your policy because of the differential between the loan interest rate and the rate being credited on the special loan account, we reserve the right to increase the rate charged on the loan to a rate that would, in our reasonable judgment, result in the transaction being treated as a loan under Federal tax law. The right to increase the rate charged on the loan is restricted in some states. Please see your John Hancock USA representative for details. We process policy loans as of the business day on or next following the day we receive the loan request.

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**Loan Repayments** 

You can repay all or part of a loan at any time. Each repayment will be allocated among the investment options as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The repayment will be applied to the policy value by transferring amounts from the loan options to other investment options as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First, an amount transferred to the fixed investment option that is equal to the remaining loan repayment multiplied by the ratio of the amount borrowed from the fixed investment option divided by the sum of the amounts borrowed from the fixed investment option and the variable investment options, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The remainder of the repayment, if any, will be allocated among the investment options in the same way a new premium payment would be allocated (unless otherwise specified by you).

If you want a payment to be used as a loan repayment, you must include instructions to that effect. Otherwise, all payments will be assumed to be premium payments. We process loan repayments as of the day we receive the repayment. Loan repayments received prior to the close of the New York Stock Exchange ("NYSE") will be applied on the same day it was received. Loan repayments received after the close of the NYSE will be applied as of the next business day.

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**Other Benefits Available Under the Policy** 

In addition to the standard death benefits associated with your policy, other standard and/or optional benefits may also be available to you. The following tables summarize information about those benefits. Information about the fees associated with each benefit included in the tables may be found in the FEE TABLE.

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| | | |
|:---|:---|:---|
| **STANDARD BENEFITS** | **STANDARD BENEFITS** | **STANDARD BENEFITS** |
| **Name of Benefit** | **Purpose** | &nbsp;&nbsp; **Brief Description of**<br> **Restrictions/Limitations**<br>|
| Dollar cost averaging | &nbsp;&nbsp; Under the dollar cost averaging program, you will <br> designate an amount that will be transferred <br> monthly from one variable investment account into <br> any other variable investment account, a fixed <br> investment option.<br>| &nbsp;&nbsp; We reserve the right to cease to offer this program <br> after written notice to you.<br>|
| Asset allocation balancing | &nbsp;&nbsp; Under the asset allocation balancer program, you <br> will designate a percentage allocation of account <br> value among variable investment accounts. We will <br> automatically transfer amounts among the variable <br> investment accounts at intervals you select <br> (annually, semi-annually, quarterly, or monthly) to <br> reestablish your chosen allocation.<br>| &nbsp;&nbsp; We reserve the right to cease this program after <br> written notice to you.<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **OPTIONAL BENEFITS** | **OPTIONAL BENEFITS** | **OPTIONAL BENEFITS** |
| **Name of Benefit** | **Purpose** | &nbsp;&nbsp; **Brief Description of**<br> **Restrictions/Limitations**<br>|
| Enhanced Cash Value <br> Rider<br>| Provides an enhancement in cash surrender value. | &nbsp;&nbsp; The decision to add this rider to your policy must <br> be made at issuance of the policy and, once made, <br> is irrevocable.<br>|
| Policy Split Option Rider | &nbsp;&nbsp; Gives the owner the option to split the Total Sum <br> Insured evenly into two separate policies, one for <br> each insured person, but only if the insured persons <br> get divorced or certain Federal tax law changes <br> occur.<br>| &nbsp;&nbsp; The rider will automatically terminate upon the <br> death of either insured person.<br>|
| Four Year Term Rider | &nbsp;&nbsp; Provides an additional death benefit if the death of <br> the last surviving insured person occurs during the <br> four-year period following policy issue.<br>| &nbsp;&nbsp; We will reduce the amount of insurance under this <br> benefit proportionally upon the occurrence of any <br> reduction in the Total Sum Insured of your policy or <br> upon a partial withdrawal. You must terminate this <br> rider before you can elect any increase to your <br> Additional Sum Insured.<br>|

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**More About Certain Optional Benefits** 

When you apply for a policy, you can request any of the optional supplementary benefit riders that we then make available. Availability of any rider, the benefits it provides and the charges for it may vary by state. Our rules and procedures will govern eligibility for any rider and, in some cases, the configuration of the actual rider benefits. Each rider contains specific details that you should review before you decide to choose the rider. You may request an example illustrating the operation of any of the following optional supplementary benefit riders by contacting the Service Office at 1-800-448-1616. Charges for most riders will be deducted from the policy value. We may change these charges (or the rates that determine them), but not above any applicable maximum amount stated in your policy specifications. We may add to, delete from or modify the list of optional supplementary benefit riders.

**• <u>Enhanced Cash Value Rider.</u>** While this rider is in effect, we will pay an Enhanced Cash Value Benefit in addition to the policy surrender value if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you surrender the policy before the CDSC is equal to zero; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the surrender is not the result of an exchange under Section 1035 of the Internal Revenue Code.

The Enhanced Cash Value Benefit is equal to the CDSC in effect on the date of your surrender, up to a maximum amount equal to your account value on the date of surrender less any indebtedness. We describe the CDSC, and the period it is in effect, under "Deductions from account value."

The Enhanced Cash Value Benefit does not increase (a) the death benefit payable under the policy, (b) the maximum amount you may borrow from the policy or (c) the maximum amount you may withdraw from the policy through partial withdrawals.

**• <u>Policy Split Option Rider.</u>** At the time of policy issue, you may elect this rider that will permit the Total Sum Insured to be evenly split 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 may be canceled at any time and it will automatically terminate upon the death of either insured person.

*Example:* Assume that your policy's face amount is $1,000,000. Upon divorce, each of the lives insured may be issued a single life policy with a face amount of $500,000, at which point the original policy covering both lives will be terminated.

**• <u>Four Year Term Rider.</u>** Subject to our underwriting practices, you may be eligible to elect the Four-Year Term Rider at the time of policy issue. This rider provides an additional death benefit if the death of the last surviving insured person occurs during the four-year period following policy issue. In your application for this rider, you will tell us how much term insurance coverage you want on the lives of the insured persons. The benefit will take effect on the Policy Date stated in your policy specifications page and will terminate four years from that date. You may not renew this benefit once it has been terminated.

*Example:* Assume that your policy's face amount is $1,000,000. For the first four policy years, the death benefit payable upon the death of the last surviving insured person will be $1,000,000 + [11/9 \* $1,000,000] = $2,222,222. Beginning in the fifth policy year, the death benefit payable upon the death of the last surviving insured person will be $1,000,000.

We will reduce the amount of insurance under this benefit proportionally upon the occurrence of any reduction in the Total Sum Insured of your policy or upon a partial withdrawal. On receiving due proof of death of the last surviving insured person, we will pay the death benefit amount to the same beneficiary and in the same manner as the proceeds payable under your policy.

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**Taxes** 

**Tax Consequences of Owning a Policy** 

Tax consequences will vary based on your own particular circumstances, and for further information you should consult a qualified tax adviser. This material does not constitute tax or legal advice and neither John Hancock USA nor any of its agents, employees or registered representatives are in the business of offering such advice.

Federal, state and local tax laws, regulations and interpretations can change from time to time. As a result, the tax consequences to you and the beneficiary may be altered, in some cases retroactively. The policy may be used in various arrangements, including non- qualified deferred compensation or salary continuation plans, split dollar insurance plans, executive bonus plans, retiree medical benefit plans and others. The tax consequences of such plans may vary depending on the particular facts and circumstances of each individual arrangement. Therefore, if the value of using the policy in any such arrangement depends in part on the tax consequences, a qualified tax adviser should be consulted for advice.

Generally, death benefits paid under policies such as yours are not subject to income tax unless policy ownership has been transferred in exchange for payment. Earnings on your account value are ordinarily not subject to income tax as long as we don't pay them out to you. If we do distribute any amount of your account value, 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. Any portion not treated as a return of your premiums would be includible in your income.

Distributions for tax purposes include amounts received upon surrender or partial withdrawals and may include the charges for certain supplementary benefit riders as described below. You may also be deemed to have received a distribution for tax purposes if you assign all or part of your policy rights or change your policy's ownership. Amounts you borrow are generally not taxable to you. If you use policy value to pay down a policy loan, the amount so applied will be treated as a distribution.

Please note that certain distributions associated with a reduction in death benefit or other policy benefits within the first fifteen years after issuance of the policy are ordinarily taxable in whole or in part.

Some of the tax rules change if your policy becomes a "modified endowment contract." This can happen if you've paid premiums in excess of limits prescribed by the tax laws. In that case, additional taxes and penalties may be payable for policy distributions of any kind, including loans.

We expect the policy to receive the same Federal income and estate tax treatment as fixed benefit life insurance policies. Section 7702 of the Internal Revenue Code (the "Code") defines a life insurance contract for Federal tax purposes. For a policy to be treated as a life insurance contract, it must satisfy either the cash value accumulation test or the guideline premium test. We will monitor compliance with these standards. If we determine that a policy does not satisfy the definition of life insurance under section 7702, we may take whatever steps are appropriate and reasonable to bring it into compliance with section 7702.

It is possible that, despite our monitoring, a policy might fail to qualify as a life insurance contract under section 7702 of the Code. This could happen, for example, if we inadvertently failed to return to you any premium payments that were in excess of amounts permitted under section 7702, or if any of the funds failed to meet certain investment diversification or other requirements of the Code. If this were to occur, you would be subject to income tax on the income credited to the policy from the date of issue to the date of the disqualification and for subsequent periods.

If the policy complies with section 7702, the death benefit proceeds under the policy ordinarily should be excludible from the beneficiary's gross income under section 101 of the Code. (As noted above, a transfer of the policy for valuable consideration may limit the exclusion of death benefits from the beneficiary's income.)

Tax consequences of ownership or receipt of policy proceeds under Federal, state and local estate, inheritance, gift and other tax laws will depend on the circumstances of each owner or beneficiary. If the person insured by the policy is also its owner, either directly or indirectly through an entity such as a revocable trust, the death benefit will be includible in his or her estate for purposes of the Federal estate tax. Even if ownership has been transferred, the death proceeds or the policy value may be includible in the former owner's estate if the transfer occurred less than three years before the former owner's death or if the former owner retained certain kinds of control over the policy. If the owner is not the person insured, the value of the policy will be includible in the owner's estate upon his or her death. You should consult your tax adviser regarding these possible tax consequences.

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Increases in account value as a result of interest or investment experience will not be subject to Federal income tax unless and until values are received through actual or deemed distributions. In general, unless the policy is a modified endowment contract, the owner will be taxed only on the amount of distributions that exceed the premiums paid under the policy. An exception to this general rule occurs in the case of a decrease in the policy's death benefit or any other change that reduces benefits under the policy in the first fifteen years after the policy is issued and that results in a cash distribution to the policy owner. Changes that reduce benefits include partial withdrawals and reductions in face amount that result in a distribution that is required to keep the policy in compliance with section 7702. For purposes of this rule any distribution within the two years immediately before a reduction in benefits will also be treated as if it were a result of the reduction. A cash distribution that reduces policy benefits will be taxed in whole or in part (to the extent of any gain in the policy) under rules prescribed in section 72(e) of the Code. The taxable amount is subject to limits prescribed in section 7702(f)(7). Any taxable distribution will be ordinary income to the owner (rather than capital gain).

**Tax Consequences of Electing Certain Supplementary Benefit Riders** 

**<u>Cash value enhancement riders.</u>** If you have elected the Enhanced Cash Value Rider, we will not treat the rider charge as a distribution from your life insurance policy for federal income tax purposes; however, such charge will reduce your investment in the policy.

**<u>Policy Split Option Rider.</u>** If you have elected the Policy Split Option Rider, we will treat the rider charge as a distribution from your life insurance policy for federal income tax purposes. Therefore, such charges may be includible in your taxable income if your policy is a modified endowment contract or if your investment in the contract has been reduced to zero

**Effect on the Company's Taxes** 

We are taxed as a life insurance company. Under current tax law rules, we include the investment income (exclusive of capital gains) of the Separate Account in our taxable income and take deductions for investment income credited to our policy holder reserves. We are also required to capitalize and amortize certain costs instead of deducting those costs when they are incurred. We do not currently charge the Separate Account for any resulting income tax costs, other than a charge we may impose against the Separate Account to compensate us for the cost of a delay in the deductibility of deferred acquisition costs (the "DAC tax" adjustment) pursuant to section 848 of the Code. We also claim certain tax credits or deductions relating to foreign taxes paid and dividends received by the series funds. These benefits can be material. We do not pass these benefits through to the Separate Account, principally because: (i) the deductions and credits are allowed to us and not the policy owners under applicable tax law; and (ii) the deductions and credits do not represent investment return on the Separate Account assets that is passed through to policy owners.

The policies permit us to deduct a charge for any taxes we incur that are attributable to the operation or existence of the policies or the Separate Account. Currently, we do not anticipate making any specific charge for such taxes other than any DAC tax charge and premium taxes where applicable. If the level of the current taxes increases, however, or is expected to increase in the future, we reserve the right to make a charge in the future.

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**Principal Risks of Investing in the Policy** 

**Lapse Risk** 

If the account value of your policy is insufficient to pay the charges when due, your policy (or part of it) can terminate (i.e. "lapse"). This can happen because you haven't paid enough premiums or because the investment performance of the investment options you've chosen has been poor or because of a combination of both factors. You'll be given a "grace period" within which to make additional premium payments to keep the policy in effect. If lapse occurs, you'll be given the opportunity to reinstate the policy by making the required premium payments and satisfying certain other conditions.

Since withdrawals reduce your account value, withdrawals increase the risk of lapse. Loans also increase the risk of lapse.

**Investment Risk/Risk of Loss** 

The policy offers a number of variable investment accounts, as listed in the <u>APPENDIX</u>. The investment performance of any variable investment account may be good or bad, and you may lose money on amounts you invest in a policy. Your account value will increase or decrease based on the investment performance of the variable investment accounts you've chosen. The variable investment accounts cover a broad spectrum of investment styles and strategies, some variable investment accounts are riskier than others. These risks (and potential rewards) are discussed in detail in the prospectuses of the portfolios. The death benefit may also increase or decrease with investment experience.

An investment in a policy is also subject to risks related to John Hancock USA, including that the obligations (including under the fixed investment 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 1-800-448-1616.

**Access to Funds Risk** 

There is a risk that you will not be able (or willing) to access your account value by surrendering the policy because of the contingent deferred sales charge ("CDSC") that may be payable upon surrender. The CDSC is a percentage of the premiums you've paid and disappears only after 14 policy years have passed. See the "Fee Tables" section of this prospectus for details on the CDSC. There is a fee for each partial withdrawal. The charge is equal to the lesser of 2% of the withdrawal amount or $50. Any communication that arrives on a date that is not a business day will be processed on the business day next following that date. The term "business day" is defined under "The account value."

**Transfer Risk** 

There is a risk that you will not be able to transfer your account value from one variable investment account to another because of limitations on the dollar amount or frequency of transfers you can make. The limitations on transfers out of the fixed investment option are more restrictive than those that apply to transfers out of variable investment accounts. If you purchase certain supplementary benefit riders you will be subject to special transfer restrictions.

To discourage market timing and disruptive trading activity, we impose restrictions on transfers and reserve the right to change, suspend or terminate telephone, facsimile and internet transaction privileges. While we seek to identify and prevent disruptive trading activity, it may not always be possible to do so. Therefore, no assurance can be given that the restrictions we impose will be successful in preventing all disruptive trading and avoiding harm to long term investors.

**Early Surrender or Withdrawal Risk/Not a Short-Term Investment** 

This policy is not a short-term investment because of substantial policy-level charges and is not appropriate for an investor who needs ready access to cash.

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**Tax Risks** 

In order for you to receive the tax benefits extended to life insurance under the Code, your policy must comply with certain requirements of the Code. We will monitor your policy for compliance with these requirements, but a policy might fail to qualify as life insurance in spite of our monitoring, which can have adverse tax consequences. If the policy were determined not to qualify as life insurance under the Code, you would be taxed on any income or gains those assets generate. In other words, you would lose the value of the so-called "tax-deferred inside build-up" that is a major benefit of life insurance.

There is a tax risk associated with policy loans. Although no part of a loan is treated as income to you when the loan is made unless your policy is a "modified endowment contract," surrender or lapse of the policy with a loan outstanding would result in the loan being treated as a distribution at the time of lapse or surrender. This could result in a considerable tax bill. Under certain circumstances involving large amounts of outstanding loans and insured persons of advanced age, you might find yourself having to choose between high premium requirements to keep your policy from lapsing and a significant tax burden if you allow the lapse to occur.

Tax consequences of ownership or receipt of policy proceeds (including surrender or withdrawal proceeds) under Federal, state and local estate, inheritance, gift and other tax laws can vary greatly depending upon the circumstances of each owner or beneficiary. There can also be unfavorable tax consequences on such things as the change of policy ownership or assignment of ownership interests. For these and all the other reasons mentioned above, we recommend you consult with a qualified tax adviser before buying the policy and before exercising certain rights under the policy.

There are tax risks associated with the election of certain supplementary benefit riders (see *"Tax Consequences of Electing Certain Supplementary Benefit Riders*").

**Cybersecurity Risks** 

Our business and operations are highly dependent upon the effective operation of our computer systems and those of our third-party business partners. As a result, there are potential operational and information security risks associated with attack, damage, or unauthorized access to the technologies and systems on which our business depends. These risks include, among other things, the unauthorized access, theft, loss, misuse, corruption, and destruction of data maintained online or digitally, denial of service on websites and other operational disruption, and unauthorized release of confidential customer information. Cyber-attacks affecting us, any third-party administrator, the underlying portfolios, intermediaries, and other affiliated or third-party service providers may adversely affect us and your policy value. For instance, cyber-attacks may interfere with the processing of actions taken on your policy, including the processing of transactions and orders from our website or with the underlying portfolios, impact our ability to calculate unit values or an underlying portfolio to calculate a net asset value, or cause the release and possible destruction of confidential customer or business information. Cybersecurity risks may also impact the issuers of securities in which the underlying portfolios invest, which may cause the portfolios underlying your policy to lose value. While measures have been implemented that are designed to reduce cybersecurity risks, there can be no guarantee or assurance that we, the underlying portfolios, or our service providers will not suffer losses affecting your policy due to cyber-attacks or information security breaches in the future.

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**Additional Information Regarding the Policy** 

**Charges** 

Under the policies, we deduct the charges discussed immediately below under "Deductions from premium payments" and "Deductions from account value." Although the Fee Table in this prospectus provides disclosure about the maximum rates we are permitted to charge, we currently deduct some of the charges at less than those maximum rates. As a general matter, however, we also are permitted to increase or decrease the rate at which we are deducting any charge, provided that the rate can never exceed the maximum set forth in your policy (including in any applicable supplementary benefit rider) and as disclosed in the Fee Table. By contacting the John Hancock USA Service Office or your John Hancock USA representative at any time, you can obtain information about the then-current rate of any charges that are applicable to your particular circumstances and/or obtain a personalized illustration that will demonstrate the manner in which those specific current charges impact the values under your policy.

**Deductions from premium payments.** 

**<u>Premium sales charge.</u>** A charge to help defray our sales costs. The charge is a percentage of the premiums you pay. The percentage is currently 7% for policy years 1-10 and 3% thereafter. The percentage is guaranteed never to exceed 8% for any policy year.

**<u>Enhanced Cash Value Rider charge.</u>** A charge to cover the cost of this rider, if elected, equal to 4% of premium paid in the first policy year up to the Target Premium.

**Deductions from account value.** 

**<u>Issue charge.</u>** A monthly charge made for the first ten policy years to help defray our sales and administrative costs, equal to 1.1% of the "Target Premium" (regardless of the amount of premium actually paid.) The Target Premium is determined at the time the policy is issued and appears in the "Policy Specifications" section of the policy. In general, the greater the proportion of Additional Sum Insured at issue, the lower the Target Premium.

**<u>Per Thousand TSI charge.</u>** A monthly charge to help defray our sales and administrative costs, currently equal to $0.035 per thousand of Total Sum Insured for the first 10 policy years. The guaranteed charge is $0.035 per thousand of Total Sum Insured in all policy years.

**<u>Maintenance charge.</u>** A monthly charge to help defray our administrative costs. This is a flat dollar charge currently equal to $12 per month (guaranteed amount of $20 per month) in all policy years.

**<u>Insurance charge.</u>** A monthly charge for the cost of insurance. To determine the charge, we multiply the amount of insurance for which we are at risk by a cost of insurance rate. The rate is derived from an actuarial table and the ratio of Basic Sum Insured to Additional Sum Insured on the date we issue your policy. The table in your policy will show the maximum cost of insurance rates. The cost of insurance rates that we currently apply are generally less than the maximum rates. We will review the cost of insurance rates at least every 5 years and may change them from time to time. However, those rates will never be more than the maximum rates shown in the policy. The table of rates we use will depend on the insurance risk characteristics and (usually) gender of each of the insured persons, the Total Sum Insured and the length of time the policy has been in effect. Regardless of the table used, cost of insurance rates generally increase each year that you own your policy, as each insured person's attained age increases. (An insured person's "attained age" on any date is his or her age on the birthday nearest that date.) The insurance charge is not affected by the death of the first insured person to die. The insurance charge for death benefit Option B will tend to be higher than the insurance charge for death benefit Option A.

**<u>Asset-based risk charge.</u>** A monthly charge for mortality and expense risks we assume. The charge is a percentage of that portion of your account value allocated to variable investment options. The current percentage on the first $25,000 of account value allocated to variable investment options is .05%. We guarantee that this percentage will never exceed .067%. The current percentages on the account value allocated to the variable investment options in excess of $25,000 are .05% for policy years 1 through 5, .021% for policy years 6 through 10, and 0% for policy years 11 and thereafter. We guarantee that these percentages will not exceed .067% in policy years 1-5, and .033% in policy years 6 and thereafter. This charge does not apply to any fixed investment option.

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**<u>Contingent deferred sales charge ("CDSC").</u>** A charge we deduct if the policy lapses or is surrendered within the first 14 policy years. We deduct this charge to compensate us for sales expenses that we would otherwise not recover in the event of early lapse or surrender. The charge is a percentage of the premiums we received in the first policy year that does not exceed the first year Target Premium, as shown in the following table:

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| | |
|:---|:---|
| **Policy Year(s)** | **Percentage of**<br> **Premiums Received**<br>|
| 1 | &nbsp;&nbsp; 100% |
| 2 | &nbsp;&nbsp; 93% |
| 3 | &nbsp;&nbsp; 86% |
| 4 | &nbsp;&nbsp; 79% |
| 5 | &nbsp;&nbsp; 71% |
| 6 | &nbsp;&nbsp; 64% |
| 7 | &nbsp;&nbsp; 57% |
| 8 | &nbsp;&nbsp; 50% |
| 9 | &nbsp;&nbsp; 43% |
| 10 | &nbsp;&nbsp; 36% |
| 11 | &nbsp;&nbsp; 29% |
| 12 | &nbsp;&nbsp; 21% |
| 13 | &nbsp;&nbsp; 14% |
| 14 | &nbsp;&nbsp;&nbsp; 7% |
| 15 and later | &nbsp;&nbsp;&nbsp; 0% |

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The percentages may be lower for older issue ages due to certain state law restrictions. A pro-rata portion of the CDSC may also be charged in the case of certain types of withdrawals.

**<u>Partial withdrawal charge.</u>** A charge for each partial withdrawal of account value to compensate us for the administrative expenses of processing the withdrawal. The charge is equal to the lesser of 2% of the withdrawal amount or $50.

Loan interest rate. 3.75% is the maximum effective annual interest rate we can charge and applies only during policy years 1-10. The effective annual interest rate is 3.50% for policy years 11-20 and no more than 3.25% thereafter. Under our current rules, the effective annual interest rate after policy year 20 is 3.00%. The amount of any loan is transferred from the investment options to a special loan account which earns interest at an effective annual rate of 3.00%. Therefore, the true cost of a loan is the difference between the loan interest we charge and the interest we credit to the special loan account.

**<u>Transfer fee.</u>** We currently do not impose a fee upon transfers of policy value among the investment options, but reserve the right to do so in the policy.

**<u>Supplementary benefit rider charges.</u>** A charge for any supplementary insurance benefits added to the policy by means of a rider. Maximum charges for the various riders are shown in the Fee Table above under "Transaction Fees" or "Periodic Charges Other than Annual Portfolio Expenses," as appropriate. These charges are also specified in the rider's provisions or the policy specifications. You can obtain information about the specific charges applicable to you from your John Hancock USA representative.

**Charges at the portfolio level.** The portfolios must pay investment management fees and other operating expenses from portfolio assets. These fees and expenses are different for each portfolio and reduce the investment return of each portfolio. Therefore, they also indirectly reduce the return you will earn on any variable investment accounts you select. Expenses of the portfolios are not fixed or specified under the terms of the policy, and those expenses may vary from year to year. See <u>APPENDIX.</u> 

**Additional Information About How Certain Policy Charges Work** 

The sales charges (i.e., the premium sales charge and the CDSC) help to compensate us for the cost of selling our policies. The amount of the charges in any policy year does not specifically correspond to sales expenses for that year. We expect to recover our total sales expenses over the life of the policies. To the extent that the sales charges do not cover total sales expenses, the sales expenses may be recovered from other sources, including gains from the asset-based risk charge and other

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gains with respect to the policies, or from our general assets. Similarly, administrative expenses not fully recovered by the issue charge and the maintenance charge may also be recovered from such other sources. We also may make a profit from any charge and can use any such profits to defray any of our expenses under the policies or for any other proper corporate purpose.

Unless we agree otherwise or you do not have sufficient funds in any fixed investment option or variable investment accounts, we deduct the monthly deductions and any CDSC from your policy's variable investment accounts and any fixed investment option in proportion to the amount of account value you have in each of those accounts.

You may structure the timing of premium payments to minimize the sales charges, although doing so involves certain risks. Paying less premium in the first 10 policy years and more in later years could reduce your total sales charges. For example, if the Target Premium was $10,000 and you paid $5,000 in each of the first 10 policy years, you would pay total sales charges of $2,500 and be subject to a maximum CDSC of $10,000. If you paid $2,500 in each of the first 10 policy years and $25,000 in policy year 11, you would pay total sales charges of only $1,250 and be subject to a maximum CDSC of only $5,000. However, delaying the payment of premiums to later policy years could increase the risk that the guaranteed death benefit feature will not be in effect and the surrender value will be insufficient to pay policy charges. As a result, the policy or any Additional Sum Insured may lapse and eventually terminate.

**Other Charges We Could Impose in the Future** 

Except for the tax charge deducted from premium payments, we currently make no specific charge for our Federal income taxes. However, if we incur, or expect to incur, income taxes attributable to any subaccount of the Separate Account or this class of policies in future years, we reserve the right to make a charge for such taxes. Any such charge would reduce what you earn on any affected accounts. However, we expect that no such charge will be necessary.

We also reserve the right to increase the tax charge in order to correspond with changes in the state premium tax levels or in the Federal income tax treatment of the deferred acquisition costs for this type of policy.

Under current laws, we may incur state and local taxes (in addition to premium taxes) in several states At present, these taxes are not significant. If there is a material change in applicable state or local tax laws, we may make charges for such taxes.

Our right to increase any charge up to the maximum rate shown in the policy specifications applies to then outstanding policies, as well as to policies issued after the increase.

**Commissions Paid to Dealers** 

We pay compensation to broker-dealers for the promotion and sale of the policies, and for providing ongoing service in relation to policies that have already been purchased. We may also pay a limited number of broker- dealers commissions or overrides to "wholesale" the policies; that is, to provide marketing support and training services to the broker-dealer firms that do the actual selling. The compensation paid to broker-dealers may vary depending on the selling agreement.

The compensation paid is not expected to exceed the following schedule: policy year 1, 92.88% of the premium paid up to the first tier and 8.0% of any excess premiums; policy year 2, 25.0% of the premium paid up to the first tier and 4.0% of any excess premiums; policy year 3, 20.0% of the premium paid up to the first tier and 4.0% of any excess premiums; policy years 4-5, 4.0% of the premium paid up to the first tier and 4.0% of any excess premiums; policy years 6-10, 3.0% of the premium paid up to the first tier and 3.0% of any excess premiums; and policy years 11+, no commissions paid. This compensation schedule is exclusive of additional compensation and revenue sharing and inclusive of overrides and expense allowances paid to broker-dealers for sale of the policies (not including riders). Under their own arrangements, broker-dealers determine how much of any amounts received from us is to be paid to their registered representatives.

To the extent permitted by SEC and Financial Industry Regulatory Authority ("FINRA") rules and other applicable laws and regulations, we may enter into special compensation or reimbursement arrangements ("revenue sharing"), either directly or through JH Distributors, with selected broker-dealers and other financial intermediaries. In consideration of these arrangements, a firm may feature our policy in its sales system, give us preferential access to sales staff, or allow JH Distributors or its affiliates to participate in conferences, seminars or other programs attended by the firm's sales force. We hope to benefit from these revenue sharing and other arrangements through increased sales of our policies.

Selling broker-dealers and other financial intermediaries may receive, directly or indirectly, additional payments in the form of cash, other compensation or reimbursement. These additional compensation or reimbursement arrangements may include, for example, payments in connection with the firm's "due diligence" examination of the policies, payments for providing

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conferences or seminars, sales or training programs for invited registered representatives and other employees, payment for travel expenses, including lodging, incurred by registered representatives and other employees for such seminars or training programs, seminars for the public or client seminars, advertising and sales campaigns regarding the policies, payments to assist a firm in connection with its systems, operations and marketing expenses and/or other events or activities sponsored by the firms. We may contribute to, as well as sponsor, various educational programs, sales promotions, and/or other contests in which participating firms and their sales persons may receive gifts and prizes such as merchandise, cash or other rewards as may be permitted under FINRA rules and other applicable laws and regulations.

You should contact your registered representative for more information on compensation arrangements in connection with your purchase of a policy. We provide additional information on special compensation or reimbursement arrangements involving broker- dealers and other financial intermediaries in the <u>Statement of Additional Information (the "SAI")</u>.

**Lapse and Reinstatement** 

**Lapse.** Either your entire policy or the Additional Sum Insured portion of your Total Sum Insured can terminate (i.e., "lapse") for failure to pay charges due under the policy. During the first 5 policy years, there can be no lapse of any kind if the guaranteed death benefit feature is in effect. If the guaranteed death benefit feature is in effect after the 5th policy year, the Additional Sum Insured and any additional benefit riders (unless otherwise stated therein) will be in default and may lapse if the policy's surrender value is not sufficient to pay the charges on a grace period testing date. If the guaranteed death benefit feature is not in effect, the entire policy will be in default and may lapse if the policy's surrender value is not sufficient to pay the charges on a grace period testing date. In either case, we will notify you of how much you will need to pay to keep the Additional Sum Insured or the policy in force. You will have a 61 day "grace period" to make these payments. If you pay these amounts during the grace period, you may also continue the guaranteed death benefit feature by paying the necessary amount of GDB Premiums. If you don't pay at least the required amount by the end of the grace period, the Additional Sum Insured and any additional benefit riders (unless otherwise stated therein) or your policy, as the case may be, will lapse. If your policy lapses, all coverage under the policy will cease.

**Reinstatement.** Even if the policy or the Additional Sum Insured terminates in this way, you can still reactivate (i.e., "reinstate") it within 3 years from the beginning of the grace period. You will have to provide evidence that the insured persons still meet our requirements for issuing coverage. You will also have to pay a minimum amount of premium and be subject to the other terms and conditions applicable to reinstatements, as specified in the policy. Reinstatement of a lapsed policy or Additional Sum Insured will take effect on the monthly deduction date on or next following the date we approve the reinstatement request.

If the guaranteed death benefit is not in effect and the last surviving insured person dies during the grace period, we will deduct any unpaid monthly charges from the death benefit. During a grace period, you cannot make a partial withdrawal or policy loan.

Generally, the suicide exclusion and incontestability provision will apply from the effective date of the reinstatement. Your policy will indicate if this is not the case. A surrendered policy cannot be reinstated.

**Variations** 

Insurance laws and regulations apply to us in every state in which our policies are sold. As a result, terms and conditions of your insurance coverage may vary depending on where you purchase a policy. Specific variations from the information appearing in this prospectus which are required due to insurance laws and regulations are contained in your policy, or in riders or endorsements attached to your policy. You should refer to your policy for these state specific features.

We may vary the charges and other terms of our policies where special circumstances result in sales or administrative expenses, mortality risks or other risks that are different from those normally associated with the policies, subject to the maximum charges described in this prospectus. For example, with respect to policies issued to a class of associated individuals or to a trustee, employer or similar entity where we anticipate that the sales to the members of the class will result in lower than normal sales or administrative expenses, lower taxes or lower risks to us, we may offer the policies with reduced charges or with additional or enhanced features or benefits. We will make these programs available in accordance with our established administrative procedures in effect at the time of the application for a policy. The factors we consider in determining the eligibility of a particular group for such a program are: (i) the nature of the association and its organizational framework; (ii) the method by which sales will be made to the members of the class; (iii) the facility with which premiums will be collected from the associated individuals and the association's capabilities with respect to administrative tasks; (iv) the anticipated lapse

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and surrender rates of the policies; (v) the size of the class of associated individuals and the number of years it has been in existence; (vi) the aggregate amount of premiums paid; and (vii) any other such circumstances which result in a reduction in sales or administrative expenses, lower taxes or lower risks. Any reduction in charges or feature or benefit enhancement will be reasonable and will apply uniformly to all prospective policy investors in the class and will not unfairly discriminate against any owner.

**Policy or Separate Account Changes** 

We reserve the right to make any changes in the policy necessary to ensure the policy is within the definition of life insurance under the Federal tax laws and is in compliance with any changes in Federal or state tax laws. In our policies, we reserve the right to make certain changes if they would serve the best interests of policy owners or would be appropriate in carrying out the purposes of the policies. These changes include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes necessary to comply with or obtain or continue exemptions under the Federal securities laws

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adding or removing fixed investment options or variable investment accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Combining variable investment accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Closing the variable investment accounts to new allocations or transfers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes in the form of organization of any separate account

Any such changes will be made only to the extent permitted by applicable laws and only in the manner permitted by such laws. When required by law, we will obtain your approval of the changes and the approval of any appropriate regulatory authority.

We also reserve the right, subject to compliance with applicable law, including approval of owners if so required, (1) to transfer assets determined by John Hancock USA to be associated with the class of policies to which your policy belongs from the Separate Account to another separate account or subaccount, (2) to deregister the Separate Account under the 1940 Act, (3) to substitute for the fund shares held by a subaccount any other investment permitted by law, and (4) to take any action necessary to comply with or obtain any exemptions from the 1940 Act. Any such change will be made only if, in our judgment, the change would best serve the interests of owners of policies in your policy class or would be appropriate in carrying out the purposes of such policies. We would notify owners of any of the foregoing changes and to the extent legally required, obtain approval of affected owners and any regulatory body prior thereto. Such notice and approval, however, may not be legally required in all cases.

**When We Pay Policy Proceeds** 

We will ordinarily pay any death benefit, withdrawal, surrender value or loan within seven days after we receive the last required form or request (and, with respect to the death benefit, any other documentation that may be required). You may choose to receive proceeds from the policy as a single sum. If we do not have information about the desired manner of payment within seven days after the date we receive documentation of the last surviving insured person's death, we will pay the proceeds as a single sum. As permitted by state law and our current administrative procedures, death claim proceeds may be placed into an interest-bearing John Hancock retained asset account in the beneficiary's name. The interest earned in a John Hancock retained asset account is normally subject to income tax. You should consult with your tax advisor if you have any questions regarding taxation of the interest earned. We will provide the beneficiary with a checkbook, so checks may be written for all or a part of the proceeds. The retained asset account is part of our general account and is subject to the claims of our creditors. It is not a bank account and it is not insured by the FDIC. We may receive a benefit from managing proceeds held in a retained asset account. Alternatively, you can elect to have proceeds of $1,000 or more applied to any of the other payment options we may offer at the time. You cannot choose an option if the monthly payments under the option would be less than $50. We will issue a supplementary agreement when the proceeds are applied to any alternative payment option. That agreement will spell out terms of the option in full. Please contact our Service Office for more information.

We reserve the right to defer payment of that portion of your account value that is attributable to a premium payment made by check for a reasonable period of time (not to exceed fifteen days) to allow the check to clear the banking system. We will not delay payment longer than necessary for us to verify a check has cleared the banking system.

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We reserve the right to defer payment of any death benefit, loan or other distribution that is derived from a variable investment account if (1) the NYSE is closed (other than customary weekend and holiday closings) or trading on the New NYSE is restricted; (2) an emergency exists, as determined by the SEC, as a result of which disposal of securities is not reasonably practicable or it is not reasonably practicable to fairly determine the account value; or (3) the SEC by order permits the delay for the protection of owners. Transfers and allocations of account value among the variable investment accounts may also be postponed under these circumstances. If we need to defer calculation of separate account values for any of the foregoing reasons, all delayed transactions will be processed at the next values that we do compute.

State laws allow us to defer payment of any portion of the surrender value derived from the fixed investment option for up to six months. These laws were enacted many years ago to help insurance companies in the event of a liquidity crisis.

**When the Younger Insured Person Reaches 100** 

If the policy is still in effect on the policy anniversary nearest the 100th birthday of the younger of the two insured persons, the following things will happen whether or not the younger insured person is actually alive on that policy anniversary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We will stop deducting any monthly charges (other than the asset-based risk charge) and will stop accepting any premium payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The death benefit will become equal to the greater of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the account value on the date of death, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the lesser of (i) the Basic Sum Insured plus the account value on the date of death, and (ii) the Basic Sum Insured plus the Additional Sum Insured in effect immediately before the policy anniversary nearest the 100th birthday of the younger insured person.

Death benefit Options A and B (as described above) will all cease to apply. If the guaranteed death benefit feature is in effect on the policy anniversary nearest the 100th birthday of the younger insured person, the death benefit as described above will be guaranteed not to lapse.

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**General Description of Registrant, Depositor and Portfolios** 

**Depositor** 

Your policy is issued by John Hancock Life Insurance Company (U.S.A.), 200 Berkeley St., Boston, MA 02116.

**Registrant** 

The "registrant" of the policies with the SEC is the John Hancock Variable Life Account UV, a separate account currently operated by us under Michigan law (the "Separate Account"). Each subaccount of the Separate Account invests its assets in one of the portfolios shown in the <u>APPENDIX</u>.

The Separate Account's assets are our property. Each policy provides that amounts we hold in the Separate Account pursuant to the policies cannot be reached by any other persons who may have claims against us and can't be used to pay any obligations of John Hancock USA other than those arising out of policies that use the Separate Account. Income, gains and losses credited to, or charged against, the Separate Account reflect the Separate Account's own investment experience and not the investment experience of John Hancock USA's other assets. All obligations under the policies (including under any fixed account options), guarantees, or benefits are obligations of John Hancock USA and are subject to its claims paying ability.

We normally compute account values for each business day as of the close of the NYSE on that day (usually 4:00 p.m. Eastern time). In case of emergency or other disruption resulting in the NYSE closing at a time other than the regularly scheduled close, the close of our business day may be the regularly scheduled close of the NYSE or another time permitted by the SEC and applicable regulations. Over time, the amount you've invested in any variable investment account will increase or decrease the same as if you had invested the same amount directly in the corresponding portfolio and had reinvested all of that portfolio's dividends and distributions in additional portfolio shares, except that we will deduct certain additional charges which will reduce your account value. We describe these charges under "Charges at the portfolio level." account value

**Portfolios** 

Information regarding each portfolio, including (i) its name; (ii) its investment objective; (iii) its investment adviser and any sub- investment adviser; (iv) current expenses; and (v) performance is available in the <u>APPENDIX</u> to this prospectus. Each portfolio has issued a prospectus that contains more detailed information about the portfolio. You can obtain the prospectus (hard copy or electronic) and additional information about any portfolio, at the addresses or phone number set forth in the first paragraph of the <u>APPENDIX</u>. On each business day, shares of each series are purchased or redeemed by us for each subaccount based on, among other things, the amount of net premiums allocated to the subaccount, distributions reinvested, and transfers to, from and among subaccounts, all to be effected as of that date. Such purchases and redemptions are effected at each series fund's net asset value per share determined for that same date. A "business day" is any date on which NYSE is open for trading.

We will purchase and redeem series fund shares for the Separate Account at their net asset value without any sales or redemption charges. Shares of a series fund represent an interest in one of the funds of the series fund which corresponds to a subaccount of the Separate Account. Any dividend or capital gains distributions received by the Separate Account will be reinvested in shares of that same fund at their net asset value as of the dates paid. We normally calculate the unit values for each variable investment account once every business day as of the close of that day, usually 4:00 p.m. Eastern time. Sales and redemptions within any variable investment account will be transacted using the unit value calculated as follows after we receive your request either in writing or other form that we specify. If we receive your request before the close of our business day, we'll use the unit value calculated as of the end of that business day. If we receive your request at or after the close of our business day, we'll use the unit value calculated as of the end of the next business day. If a scheduled transaction falls on a day that is not a business day, we'll process it as of the end of the next business day.

**Voting Portfolio Shares** 

We will vote all portfolio shares that we hold in the Separate Account for policy owners in proportion to instructions timely received by us from policy owners from all our Separate Accounts that are registered with the SEC under the 1940 Act. We will vote all portfolio shares that we otherwise are entitled to vote (including our own shares and other shares for which we receive no instructions) on any matter in proportion to the instructions timely received by us and any affiliated insurance companies with respect to the matter from policy owners in separate accounts of these insurance companies that are registered

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with the SEC under the 1940 Act. The effect of this proportional voting is that a small number of policy owners can determine the outcome of a vote. The voting privileges described above reflect our understanding of applicable Federal securities law requirements. To the extent that applicable law, regulations or interpretations change to eliminate or restrict the need for such voting privileges, we reserve the right to proceed in accordance with any such revised requirements.

We will determine the number of portfolio shares for which voting instructions may be given not more than 90 days prior to the meeting. Proxy material will be distributed to each person having the voting interest under the policy together with appropriate forms for giving voting instructions.

We determine the number of a portfolio's shares held in a subaccount attributable to each owner by dividing the amount of a policy's variable investment account value held in the subaccount by the net asset value of one share in the series fund. Fractional votes will be counted. We determine the number of shares as to which the owner may give instructions as of the record date for a series fund's meeting. Owners of policies may give instructions regarding the election of the Board of Trustees or Board of Directors of a series fund, ratification of the selection of independent auditors, approval of series fund investment advisory agreements and other matters requiring a shareholder vote.

**Legal Proceedings** 

There are no legal proceedings to which the Depositor, the Separate Account or the principal underwriter is a party or to which the assets of the Separate Account are subject that are likely to have a material adverse effect on the Separate Account or the ability of the principal underwriter to perform its contract with the Separate Account or of the Depositor to meet its obligations under the policy.

**Financial Statements** 

The financial statements of the Separate Account, as well as the consolidated financial statements of John Hancock USA are in the SAI. The financial statements of John Hancock USA have relevance for the policies only to the extent that they bear upon its ability to meet its obligations under the policies. You may request an SAI by contacting our Service Office at a phone number or address shown on the back cover of this prospectus.

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**Appendix: Portfolios Available Under The Policy** 

The following is a list of portfolios available under the policies. More information about the portfolios is available in the prospectuses for the portfolios, which may be amended from time to time. You can find the prospectuses and other information about the portfolios at dfinview.com/JohnHancock/PUFT/MPSVUL_UV?site=Majestic. You can also request this information at no cost by calling 1-800-448-1616 or by sending an email request to life_and_annuities_prospectuses@jhancock.com.

The current expenses and performance information below reflect fees and expenses of the portfolios, but do not reflect the other fees and expenses that your policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each portfolio's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To approximate the aggregate total return <br> of a broad-based U.S. domestic equity <br> market index.<br>| 500 Index Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.25%<sup>\*</sup> | 17.57 | 14.12 | 14.52 |
| To seek income and capital appreciation. | Active Bond Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.65%<sup>\*</sup> | &nbsp;&nbsp; 7.56 | &nbsp;&nbsp; 0.09 | &nbsp;&nbsp; 2.67 |
| To seek to provide high total return <br> (including income and capital gains) <br> consistent with preservation of capital <br> over the long term.<br>| American Asset Allocation Trust - Series <br> I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91%<sup>\*</sup> | 15.39 | &nbsp;&nbsp; 8.57 | &nbsp;&nbsp; 9.37 |
| To seek to provide long-term growth of <br> capital.<br>| American Global Growth Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.07%<sup>\*</sup> | 21.17 | &nbsp;&nbsp; 7.81 | 11.74 |
| To seek to provide growth of capital. | American Growth Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.95%<sup>\*</sup> | 19.81 | 12.95 | 17.53 |
| To seek to provide long-term growth of <br> capital and income.<br>| American Growth-Income Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91% | 17.65 | 13.48 | 13.50 |
| To provide long-term growth of capital. <br> Current income is a secondary objective.<br>| Blue Chip Growth Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.75%<sup>\*</sup> | 18.57 | 11.76 | 15.62 |
| To seek long-term capital appreciation. | Capital Appreciation Value Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.88%<sup>\*</sup> | 11.62 | &nbsp;&nbsp; 9.11 | 10.95 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek total return consisting of income <br> and capital appreciation.<br>| Core Bond Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Allspring Global Investments, LLC*<br>| 0.62%<sup>\*</sup> | &nbsp;&nbsp; 7.03 | -0.52 | &nbsp;&nbsp; 1.96 |
| To seek long-term capital appreciation. | Disciplined Value Emerging Markets <br> Equity Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.91%<sup>\*</sup> | 32.00 | &nbsp;&nbsp; 7.83 | &nbsp;&nbsp; 8.56 |
| To seek long-term growth of capital. | Disciplined Value International Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.79% | 41.02 | 12.70 | &nbsp;&nbsp; 8.97 |
| To provide substantial dividend income <br> and also long-term growth of capital.<br>| Equity Income Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.73%<sup>\*</sup> | 14.42 | 11.15 | 10.52 |
| To seek growth of capital. | Financial Industries Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.88%<sup>\*</sup> | 12.11 | 11.49 | 10.60 |
| To seek long-term growth of capital. | Fundamental All Cap Core Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.71%<sup>\*</sup> | &nbsp;&nbsp; 4.84 | 11.79 | 13.80 |
| To seek long-term capital appreciation. | Fundamental Large Cap Value Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.72%<sup>\*</sup> | 16.01 | 14.96 | 12.64 |
| To seek long-term capital appreciation. | Global Equity Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.88%<sup>\*</sup> | 18.20 | 10.17 | &nbsp;&nbsp; 8.39 |
| To seek long-term capital appreciation. | Health Sciences Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.99%<sup>\*</sup> | 19.53 | &nbsp;&nbsp; 4.19 | &nbsp;&nbsp; 8.75 |
| The fund seeks high current income. <br> Capital appreciation is a secondary goal.<br>| High Yield Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.69%<sup>\*</sup> | &nbsp;&nbsp; 7.45 | &nbsp;&nbsp; 4.02 | &nbsp;&nbsp; 6.14 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek to track the performance of a <br> broad-based equity index of foreign <br> companies primarily in developed <br> countries and, to a lesser extent, in <br> emerging markets.<br>| International Equity Index Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*SSGA Funds Management, Inc.*<br>| 0.34%<sup>\*</sup> | 32.57 | &nbsp;&nbsp; 7.68 | &nbsp;&nbsp; 8.33 |
| To seek long-term capital appreciation. | International Small Company Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>| 1.01%<sup>\*</sup> | 35.01 | &nbsp;&nbsp; 8.04 | &nbsp;&nbsp; 7.85 |
| To provide a high level of current income <br> consistent with the maintenance of <br> principal and liquidity.<br>| Investment Quality Bond Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.72%<sup>\*</sup> | &nbsp;&nbsp; 6.94 | -0.44 | &nbsp;&nbsp; 2.41 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on growth of <br> capital.<br>| Lifestyle Balanced Portfolio - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.74%<sup>\*</sup> | 14.06 | &nbsp;&nbsp; 5.49 | &nbsp;&nbsp; 7.07 |
| To seek a high level of current income <br> with some consideration given to growth <br> of capital.<br>| Lifestyle Conservative Portfolio - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.71%<sup>\*</sup> | 10.07 | &nbsp;&nbsp; 2.02 | &nbsp;&nbsp; 4.20 |
| To seek long-term growth of capital. <br> Current income is also a consideration.<br>| Lifestyle Growth Portfolio - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.76%<sup>\*</sup> | 16.84 | &nbsp;&nbsp; 7.86 | &nbsp;&nbsp; 8.96 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on income.<br>| Lifestyle Moderate Portfolio - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.73%<sup>\*</sup> | 12.69 | &nbsp;&nbsp; 4.30 | &nbsp;&nbsp; 6.10 |
| To seek growth of capital and current <br> income while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Balanced Portfolio - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.87% | &nbsp;&nbsp; 9.87 | &nbsp;&nbsp; 4.69 | &nbsp;&nbsp; 5.58 |
| To seek current income and growth of <br> capital, while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Conservative Portfolio <br> - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.85% | &nbsp;&nbsp; 8.91 | &nbsp;&nbsp; 1.00 | &nbsp;&nbsp; 3.14 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek long term growth of capital while <br> seeking to both manage the volatility of <br> return and limit the magnitude of <br> portfolio losses.<br>| Managed Volatility Growth Portfolio - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.91% | 10.89 | &nbsp;&nbsp; 6.32 | &nbsp;&nbsp; 6.28 |
| To seek current income and growth of <br> capital while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Moderate Portfolio - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.87% | &nbsp;&nbsp; 9.34 | &nbsp;&nbsp; 3.78 | &nbsp;&nbsp; 5.11 |
| To seek long-term growth of capital. | Mid Cap Growth Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.88%<sup>\*</sup> | &nbsp;&nbsp; 6.17 | &nbsp;&nbsp; 1.36 | 11.75 |
| Seeks to approximate the aggregate total <br> return of a mid cap U.S. domestic equity <br> market index.<br>| Mid Cap Index Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.41%<sup>\*</sup> | &nbsp;&nbsp; 7.03 | &nbsp;&nbsp; 8.68 | 10.29 |
| To seek long-term capital appreciation. | Mid Value Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.98%<sup>\*</sup> | &nbsp;&nbsp; 5.87 | 11.69 | 10.91 |
| To obtain maximum current income <br> consistent with preservation of principal <br> and liquidity.<br>| Money Market Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.28%<sup>\*</sup> | &nbsp;&nbsp; 4.07 | &nbsp;&nbsp; 3.03 | &nbsp;&nbsp; 1.97 |
| To seek maximum total return, consistent <br> with preservation of capital and prudent <br> investment management.<br>| Opportunistic Fixed Income Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.92%<sup>\*</sup> | &nbsp;&nbsp; 9.60 | &nbsp;&nbsp; 0.62 | &nbsp;&nbsp; 3.25 |
| To seek to achieve a combination of long-<br> term capital appreciation and current <br> income.<br>| Real Estate Securities Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.76%<sup>\*</sup> | &nbsp;&nbsp; 0.63 | &nbsp;&nbsp; 5.77 | &nbsp;&nbsp; 5.91 |
| To seek long-term growth of capital. <br> Current income is incidental to the fund's <br> objective.<br>| Science & Technology Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.99%<sup>\*</sup> | 23.64 | 13.03 | 19.84 |
| To seek income and capital appreciation. | Select Bond Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.60%<sup>\*</sup> | &nbsp;&nbsp; 7.52 | -0.27 | &nbsp;&nbsp; 2.26 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek a high level of current income <br> consistent with preservation of capital. <br> Maintaining a stable share price is a <br> secondary goal.<br>| Short Term Government Income Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.65%<sup>\*</sup> | &nbsp;&nbsp; 5.09 | &nbsp;&nbsp; 0.67 | &nbsp;&nbsp; 1.25 |
| To seek long-term capital appreciation. | Small Cap Core Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.90%<sup>\*</sup> | &nbsp;&nbsp; 0.11 | &nbsp;&nbsp; 6.53 | &nbsp;&nbsp; 6.10 |
| Seeks to approximate the aggregate total <br> return of a small cap U.S. domestic equity <br> market index.<br>| Small Cap Index Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.48%<sup>\*</sup> | 12.42 | &nbsp;&nbsp; 5.72 | &nbsp;&nbsp; 9.24 |
| To seek long-term capital appreciation. | Small Cap Opportunities Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>0.87%<sup>\*</sup> | &nbsp;&nbsp; 9.22 | 10.59 | 10.09 |
| To seek long-term capital appreciation. | Small Cap Stock Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.08%<sup>\*</sup> | 12.70 | &nbsp;&nbsp; 0.39 | 10.12 |
| To seek long-term growth of capital. | Small Company Value Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.16%<sup>\*</sup> | &nbsp;&nbsp; 7.11 | &nbsp;&nbsp; 6.02 | &nbsp;&nbsp; 8.98 |
| To seek a high level of current income. | Strategic Income Opportunities Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.74%<sup>\*</sup> | &nbsp;&nbsp; 7.51 | &nbsp;&nbsp; 1.61 | &nbsp;&nbsp; 3.26 |
| To seek to track the performance of the <br> Bloomberg U.S. Aggregate Bond Index <br> (the "Bloomberg Index") (which <br> represents the U.S. investment grade bond <br> market).<br>| Total Bond Market Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.25%<sup>\*</sup> | &nbsp;&nbsp; 6.91 | -0.65 | &nbsp;&nbsp; 1.75 |
| Seeks to approximate the aggregate total <br> return of a broad U.S. domestic equity <br> market index.<br>| Total Stock Market Index Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.51%<sup>\*</sup> | 16.68 | 12.42 | 13.73 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek long-term growth of capital. | U.S. Growth Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.62%<sup>\*</sup> | 20.76 | 11.77 | 17.13 |
| The fund seeks a high level of current <br> income consistent with the maintenance <br> of liquidity and the preservation of <br> capital.<br>| Ultra Short Term Bond Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.62%<sup>\*</sup> | &nbsp;&nbsp; 4.34 | &nbsp;&nbsp; 2.52 | &nbsp;&nbsp; 2.01 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| Seeks to provide maximum capital <br> appreciation.<br>| M Capital Appreciation Fund - Series M<br>M Financial Investment Advisers, <br> Inc./*Frontier Capital Management* <br> *Company, LLC*<br>| 0.95% | 18.06 | &nbsp;&nbsp; 9.10 | 11.24 |
| Seeks to provide long-term capital <br> appreciation.<br>| M International Equity Fund - Series M<br>M Financial Investment Advisers, <br> Inc./*Dimensional Fund Advisors, LP*<br>| 0.62% | 32.44 | &nbsp;&nbsp; 8.77 | &nbsp;&nbsp; 6.99 |
| Seeks to provide long-term capital <br> appreciation.<br>| M Large Cap Growth Fund - Series M<br>M Financial Investment Advisers, <br> Inc./*Federated MDTA LLC*<br>| 0.53% | 19.61 | 12.43 | 15.06 |
| Seeks to provide long-term capital <br> appreciation.<br>| M Large Cap Value Fund - Series M<br>M Financial Investment Advisers, <br> Inc./*Brandywine Global Investment* <br> *Management, LLC*<br>| 0.60% | 17.31 | 13.92 | &nbsp;&nbsp; 9.61 |
| To seek to provide capital appreciation. | TOPS<sup>®</sup> Aggressive ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.54% | 18.83 | &nbsp;&nbsp; 9.41 | 10.43 |
| To seek to provide income and capital <br> appreciation.<br>| TOPS<sup>®</sup> Balanced ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.54% | 12.85 | &nbsp;&nbsp; 5.52 | &nbsp;&nbsp; 6.39 |
| To seek to preserve capital and provide <br> moderate income and moderate capital <br> appreciation.<br>| TOPS<sup>®</sup> Conservative ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.56% | 10.15 | &nbsp;&nbsp; 4.34 | &nbsp;&nbsp; 4.99 |
| To seek to provide capital appreciation. | TOPS<sup>®</sup> Moderate ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.53% | 15.13 | &nbsp;&nbsp; 6.92 | &nbsp;&nbsp; 7.99 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek to provide capital appreciation.<br> TOPS<sup>®</sup> Moderately Aggressive ETF - <br> Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.54% | 17.99 | &nbsp;&nbsp; 8.56 | &nbsp;&nbsp; 9.53 |

---

*\* This portfolio's annual expenses reflect temporary fee or expense waivers or reimbursements.*

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **<u>JOHN HANCOCK USA SERVICE OFFICE</u>** | **<u>JOHN HANCOCK USA SERVICE OFFICE</u>** |
| **<u>Overnight Express Delivery</u>** | **<u>Mail Delivery</u>** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Post Issue – Specialty Products <br> John Hancock Insurance Company <br> 372 University Ave, Suite #55979 <br> Westwood, MA 02090<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Post Issue – Specialty Products <br> John Hancock Insurance Company <br> PO Box 55979 <br> Boston, MA 02205<br>|
| **<u>Phone:</u>** |  |
| 1-800-448-1616 |  |

---

In addition to this prospectus, John Hancock USA has filed with the SEC an SAI that contains additional information about John Hancock USA and the Separate Account, including information on our history, services provided to the Separate Account, and the audited financial statements for John Hancock USA and the Separate Account. The SAI is incorporated by reference into this prospectus and personalized illustrations of death benefits, account values and surrender values are available, without charge, upon request. You may obtain the personalized illustrations from your John Hancock USA representative. You can view the SAI and other information about your Policy at dfinview.com/JohnHancock/PUFT/MPSVUL_UV?site=Majestic. The SAI may also be obtained, without charge, by contacting the John Hancock USA Service Office. You should also contact the John Hancock USA Service Office to request any other information about your policy or to make any inquiries about its operation.

Reports and other information about the Separate Account are available on the SEC's Internet website at **http://www.sec.gov**. Copies of such information may be obtained, upon payment of a duplicating fee, by submitting an electronic request to the following email address: publicinfo@sec.gov.

1940 Act File No. 811-7766—1933 Act File No. 333-164164 <br>EDGAR Contract Identifier No. C000085993

------

John Hancock Variable Life Account UV

**John Hancock Life Insurance Company (U.S.A.)** <br>**("John Hancock USA")** 

Flexible Premium Variable Universal Survivorship Life Insurance Policy

VARIABLE ESTATE PROTECTION EDGE

Prospectus dated April 27, 2026

You may choose to allocate your account value to one or more of the options that the policies make available for that purpose. These options include our "variable investment accounts," where the account value will vary directly with the positive or negative investment experience of underlying investment "portfolios." To provide you with that investment experience, amounts that you allocate to a variable investment account are held in a corresponding "subaccount" of John Hancock Variable Life Account UV ("Separate Account"), and the subaccount invests those amounts exclusively in one of the portfolios.

You may also allocate account value to a "fixed investment option" that the policy makes available. This prospectus provides detailed information about all such options to which you can allocate your account value.

Please note that the Securities and Exchange Commission ("SEC") has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Additional information about certain investment products, including variable life insurance, has been prepared by the SEC's staff and is available at Investor.gov.

------

**Table of Contents** 

---

| | |
|:---|:---|
| **[important Information you should consider about the policy](#xx_358d0657-bce7-4341-a6af-3a5b14decbad_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| **[Overview of the Policy](#xx_8ccb34c3-575b-45a1-b4e9-d81fe83abc68_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Purpose](#xx_8ccb34c3-575b-45a1-b4e9-d81fe83abc68_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Premiums](#xx_8ccb34c3-575b-45a1-b4e9-d81fe83abc68_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Policy Features](#xx_8ccb34c3-575b-45a1-b4e9-d81fe83abc68_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Death benefit.](#xx_8ccb34c3-575b-45a1-b4e9-d81fe83abc68_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Surrender of the policy.](#xx_8ccb34c3-575b-45a1-b4e9-d81fe83abc68_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Partial Withdrawals.](#xx_8ccb34c3-575b-45a1-b4e9-d81fe83abc68_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Policy loans.](#xx_8ccb34c3-575b-45a1-b4e9-d81fe83abc68_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Supplementary benefit riders.](#xx_8ccb34c3-575b-45a1-b4e9-d81fe83abc68_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Fee Table](#xx_cfd56715-81b9-4e12-9cee-6e000c4ecd7b_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| **[General Description of the Policy](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| *[Policy Rights](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| **[Owner and beneficiary.](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| *[Allocation of Premiums](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| *[Transfers of Account value](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| **[Limitations on transfers to or from a variable investment account.](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Frequent transfers among variable investment accounts.](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Limitations on transfers out of the fixed investment option.](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Potential additional limitations.](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Dollar cost averaging and asset allocation balancer programs.](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| *[General Account](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[The fixed investment option.](#xx_681089e9-3305-4ea0-aae8-5aff24aa1550_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Premiums](#xx_229f7093-8d83-4348-8a36-e9acd50e4b15_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Purchase Procedures](#xx_229f7093-8d83-4348-8a36-e9acd50e4b15_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Premium Amount](#xx_229f7093-8d83-4348-8a36-e9acd50e4b15_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Premium Due Dates](#xx_229f7093-8d83-4348-8a36-e9acd50e4b15_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Guaranteed death benefit feature](#xx_229f7093-8d83-4348-8a36-e9acd50e4b15_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| **[Standard Death Benefits](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| *[Standard Death Benefits](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Effectiveness and Policy Date.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Temporary insurance coverage.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Option A and Option B.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Optional extra death benefit feature.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Basic Sum Insured and Additional Sum Insured.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Minimum insurance amount.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Calculation and payment of the death benefit.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Changes you may make.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| *[Additional Information About Standard Death Benefits](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Requesting an increase or decrease in coverage.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| *[Change of death benefit option](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Tax consequences of coverage changes.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Limitations on payment of death benefit.](#xx_6c3522c5-6bd5-41b4-a9c8-0da2228195d2_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Surrenders and Partial Withdrawals](#xx_22658ff2-458a-4b9a-98ce-3cf9dcf5e178_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| *[Surrender and Partial Withdrawals](#xx_22658ff2-458a-4b9a-98ce-3cf9dcf5e178_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| *[Additional Information Regarding Surrender and Partial Withdrawals](#xx_22658ff2-458a-4b9a-98ce-3cf9dcf5e178_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |

---

------

---

| | |
|:---|:---|
| **[Loans](#xx_5160bdd4-efd6-4d91-b861-156b9e22ad1e_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Availability of Loans, Limitations and Interest](#xx_5160bdd4-efd6-4d91-b861-156b9e22ad1e_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Effects of policy loans on Account Value and Death Benefit](#xx_5160bdd4-efd6-4d91-b861-156b9e22ad1e_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Other Effects of Loans](#xx_5160bdd4-efd6-4d91-b861-156b9e22ad1e_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Loan Repayments](#xx_5160bdd4-efd6-4d91-b861-156b9e22ad1e_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| **[Other Benefits Available Under the Policy](#xx_5349b514-4813-487e-88be-42b6019e2cc5_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[More About Certain Optional Benefits](#xx_681c491c-3b18-4c61-a826-807adbfbe14f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Enhanced Cash Value Rider.](#xx_681c491c-3b18-4c61-a826-807adbfbe14f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Policy Split Option Rider.](#xx_681c491c-3b18-4c61-a826-807adbfbe14f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Four-Year Term Rider.](#xx_681c491c-3b18-4c61-a826-807adbfbe14f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Taxes](#xx_ec96e72d-f7cf-46a6-b0ba-f3b2ad8b3de7_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| *[Tax Consequences of Owning a Policy](#xx_ec96e72d-f7cf-46a6-b0ba-f3b2ad8b3de7_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| *[Tax Consequences of Electing Certain Supplementary Benefit Riders](#xx_ec96e72d-f7cf-46a6-b0ba-f3b2ad8b3de7_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| *[Effect on the Company's Taxes](#xx_ec96e72d-f7cf-46a6-b0ba-f3b2ad8b3de7_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| **[Principal Risks of Investing in the Policy](#xx_b7897cb7-7646-4fec-95d7-7d20c0577596_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Lapse Risk](#xx_b7897cb7-7646-4fec-95d7-7d20c0577596_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Investment Risk/Risk of Loss](#xx_b7897cb7-7646-4fec-95d7-7d20c0577596_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Transfer Risk](#xx_b7897cb7-7646-4fec-95d7-7d20c0577596_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Early Surrender or Withdrawal Risk/ Not a Short-Term Investment](#xx_b7897cb7-7646-4fec-95d7-7d20c0577596_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Tax Risks](#xx_b7897cb7-7646-4fec-95d7-7d20c0577596_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Cybersecurity Risks](#xx_b7897cb7-7646-4fec-95d7-7d20c0577596_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| **[Additional Information Regarding the Policy](#xx_18315546-80bf-4422-9a09-03152be34e70_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Charges](#xx_18315546-80bf-4422-9a09-03152be34e70_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Deductions from premium payments.](#xx_18315546-80bf-4422-9a09-03152be34e70_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Deductions from account value.](#xx_18315546-80bf-4422-9a09-03152be34e70_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Charges at the portfolio level.](#xx_18315546-80bf-4422-9a09-03152be34e70_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Additional Information About How Certain Policy Charges Work](#xx_18315546-80bf-4422-9a09-03152be34e70_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Other Charges We Could Impose in the Future](#xx_18315546-80bf-4422-9a09-03152be34e70_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Commissions Paid to Dealers](#xx_18315546-80bf-4422-9a09-03152be34e70_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Lapse and Reinstatement](#xx_18315546-80bf-4422-9a09-03152be34e70_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Lapse.](#xx_18315546-80bf-4422-9a09-03152be34e70_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Reinstatement.](#xx_18315546-80bf-4422-9a09-03152be34e70_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[Variations](#xx_18315546-80bf-4422-9a09-03152be34e70_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[Policy or Separate Account Changes](#xx_18315546-80bf-4422-9a09-03152be34e70_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[When We Pay Policy Proceeds](#xx_18315546-80bf-4422-9a09-03152be34e70_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[When the Younger Insured Person Reaches 100](#xx_18315546-80bf-4422-9a09-03152be34e70_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| **[General Description of Registrant, Depositor and Portfolios](#xx_18315546-80bf-4422-9a09-03152be34e70_7)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Depositor](#xx_18315546-80bf-4422-9a09-03152be34e70_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Registrant](#xx_18315546-80bf-4422-9a09-03152be34e70_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Portfolios](#xx_18315546-80bf-4422-9a09-03152be34e70_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Voting Portfolio Shares](#xx_18315546-80bf-4422-9a09-03152be34e70_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Legal Proceedings](#xx_18315546-80bf-4422-9a09-03152be34e70_8)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| **[Financial Statements](#xx_18315546-80bf-4422-9a09-03152be34e70_8)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| **[Appendix: Portfolios Available Under The Policy](#xx_4f6f3970-34a0-4615-8acf-d7cc6e9ec62a_1)** | &nbsp;&nbsp; Appendix-1 |

---

------

**important Information you should consider about the policy** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| Charges for Early <br> Withdrawals<br>| &nbsp;&nbsp; There are Contingent Deferred Sales Charges (CDSC) assessed if your <br> policy is surrendered within the period stated. There are also partial <br> withdrawal charges assessed upon a partial withdrawal. | &nbsp;&nbsp; There are Contingent Deferred Sales Charges (CDSC) assessed if your <br> policy is surrendered within the period stated. There are also partial <br> withdrawal charges assessed upon a partial withdrawal. | &nbsp;&nbsp; There are Contingent Deferred Sales Charges (CDSC) assessed if your <br> policy is surrendered within the period stated. There are also partial <br> withdrawal charges assessed upon a partial withdrawal. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from account* <br> *value*<br>|
| Transaction Charges | &nbsp;&nbsp; In addition to CDSC and partial withdrawal charges (if applicable), you may <br> also be charged for the following transactions:<br>A premium sales charge and tax charge will be deducted from each premium <br> paid.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to CDSC and partial withdrawal charges (if applicable), you may <br> also be charged for the following transactions:<br>A premium sales charge and tax charge will be deducted from each premium <br> paid.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to CDSC and partial withdrawal charges (if applicable), you may <br> also be charged for the following transactions:<br>A premium sales charge and tax charge will be deducted from each premium <br> paid.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from premium* <br> *payments*<br>*Deductions from account* <br> *value*<br>|
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; In addition to CDSC charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including an insurance charge, <br> maintenance charge, issue charge, asset-based risk charge, policy loan costs, <br> and supplementary benefit rider charges. Some of these fees and expenses <br> are based wholly or in part on the characteristics of the insured persons (e.g., <br> age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to CDSC charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including an insurance charge, <br> maintenance charge, issue charge, asset-based risk charge, policy loan costs, <br> and supplementary benefit rider charges. Some of these fees and expenses <br> are based wholly or in part on the characteristics of the insured persons (e.g., <br> age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to CDSC charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including an insurance charge, <br> maintenance charge, issue charge, asset-based risk charge, policy loan costs, <br> and supplementary benefit rider charges. Some of these fees and expenses <br> are based wholly or in part on the characteristics of the insured persons (e.g., <br> age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from account* <br> *value*<br>|
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |
| Ongoing Fees and <br> Expenses (annual charges) | **Annual Fee** | Minimum | Maximum | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; **Variable investment accounts (portfolio fees** <br> **and expenses)**<br>| 0.39% | 1.19% | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **RISKS** |
| Risk of Loss | You can lose money by investing in this policy. | &nbsp;&nbsp; *PRINCIPAL RISKS OF* <br> *INVESTING IN A* <br> *POLICY*<br>|
| Not a Short- Term <br> Investment<br>| &nbsp;&nbsp; This policy is not a short-term investment and is not appropriate for <br> an investor who needs ready access to cash. The policy is unsuitable <br> as a short-term savings vehicle because of substantial policy-level <br> charges, including the premium charge and the surrender charge, as <br> well as potential adverse tax consequences from such short-term use.<br>| &nbsp;&nbsp; *Early Surrender or* <br> *Withdrawal Risk/Not a* <br> *Short-Term Investment*<br>|
| Risks Associated with <br> Investment Options<br>| &nbsp;&nbsp; An investment in this policy is subject to the risk of poor <br> performance and can vary depending on the performance of the <br> account allocation options available under the policy (e.g., <br> portfolios). Each such option (including the fixed investment option) <br> will have its own unique risks, and you should review these options <br> before making an allocation decision. You can find the prospectuses <br> and other information about the portfolios at <br> dfinview.com/JohnHancock/PUFT/VEPEdge_UV.<br>| &nbsp;&nbsp; *Investment Risk/Risk of* <br> *Loss*<br>|

---

------

---

| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **RISKS** |
| Insurance Company <br> Risks<br>| &nbsp;&nbsp; Your investment in the policy is subject to risks related to John <br> Hancock USA, including that the obligations (including under the <br> fixed investment option), guarantees, or benefits are subject to the <br> claims-paying ability of John Hancock USA. Information about John <br> Hancock USA, including its financial strength ratings, is available <br> upon request from your John Hancock USA representative. Our <br> current financial strength ratings can also be obtained by contacting <br> the Service Office at 1-800-732-5543.<br>| &nbsp;&nbsp; *Depositor*<br>*Registrant*<br>|
| Policy Lapse | &nbsp;&nbsp; This policy will go into default if at the beginning of any policy <br> month the policy's surrender value would be zero or below after <br> deducting the monthly deductions then due. The "surrender value" is <br> your account value, less any policy debt, and less any applicable <br> surrender charges. This can happen as a result of insufficient <br> premium payments, poor performance of the variable or general <br> account options you have chosen, withdrawals, or unpaid loans or <br> loan interest. If a default is not cured within a 61-day grace period, <br> your policy will lapse without value, and no death benefit or other <br> benefits will be payable. You can apply to reinstate a policy that has <br> gone into default, subject to conditions including payment of a <br> specified amount of additional premiums<br>| &nbsp;&nbsp; *Lapse and* <br> *Reinstatement*<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** | **RESTRICTIONS** |
| Investments | &nbsp;&nbsp; There are restrictions that may limit the variable investment account <br> options and general account options (including the fixed investment <br> option) that you may choose, as well as limitations on the transfer of <br> account value among those options. These restrictions may include a <br> monthly limit on the number of transfers you may make. We may also <br> impose additional restrictions to discourage market timing and <br> disruptive trading activity.<br>In particular, your allocation options will be affected if you elect to <br> take a loan or receive benefits under certain supplementary benefit <br> riders.<br>Among other things, the policy also allows us to eliminate the shares <br> of a portfolio or substitute shares of another new or existing <br> portfolio, subject to applicable legal requirements.<br>| &nbsp;&nbsp; *Limitations on transfers* <br> *to or from a variable* <br> *investment account*<br>*Limitations on transfers* <br> *out of the fixed* <br> *investment option*<br>*Effect of Loans on* <br> *Account Value and* <br> *Death Benefit*<br>*Portfolios*<br>|
| Optional Benefits | &nbsp;&nbsp; There are restrictions and limitations relating to optional benefits, as <br> well as conditions under which an optional benefit may be modified <br> or terminated by us. For example, certain supplementary benefit <br> riders may be subject to underwriting, and your election of an option <br> may result in restrictions upon some of the policy benefits, including <br> availability of investment options.<br>| &nbsp;&nbsp; *More About Certain* <br> *Optional Benefits*<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

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| | | |
|:---|:---|:---|
| **TAXES** | **TAXES** | **TAXES** |
| Tax Implications | &nbsp;&nbsp; You should consult with a tax professional to determine the tax <br> implications of an investment in and payments received under the <br> policy. There is no additional tax benefit to you if the policy is <br> purchased through a tax-qualified plan. If we pay out any amount of <br> your account value upon surrender or partial withdrawal, all or part <br> of that distribution would generally be treated as a return of the <br> premiums you've paid and not subjected to income tax, with any <br> portion not treated as a return of your premiums includible in your <br> income. Distributions also are subject to tax penalties under some <br> circumstances. If your policy is a modified endowment contract, <br> distributions, including policy loans, are treated as coming first from <br> the gain in the policy and are includible in your income.<br>| &nbsp;&nbsp; *Tax Consequences of* <br> *Owning a Policy*<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| Investment Professional <br> Compensation<br>| &nbsp;&nbsp; Some investment professionals may receive compensation for selling <br> the policy, including by means of commissions and revenue sharing <br> arrangements. These investment professionals may have a financial <br> incentive to offer or recommend this policy over another investment.<br>| &nbsp;&nbsp; *Commissions Paid to* <br> *Dealers*<br>|
| Exchanges | &nbsp;&nbsp; Some investment professionals may have a financial incentive to <br> offer you a new policy in place of the one you already own, and you <br> should only exchange your policy if you determine, after comparing <br> the features, fees, and risks of both policies, that it is preferable for <br> you to purchase the new policy rather than continue to own the <br> existing policy.<br>| &nbsp;&nbsp; *Commissions Paid to* <br> *Dealers*<br>|

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------

**Overview of the Policy** 

**Purpose** 

This is a so-called "survivorship" policy that provides coverage on two insured persons. The policy's primary purpose is to provide lifetime protection against economic loss due to the death of the insured persons. Fees, expenses and tax implications can make variable life insurance unsuitable as a short-term savings vehicle.

**Premiums** 

We call the investments you make in the policy "premiums" or "premium payments." The Minimum Initial Premium is a dollar amount that is stated in your policy specifications and that must be paid to us in full before your policy will take effect. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy. After the payment of the initial premium, premiums may be paid at any time and in any amount until the younger insured person's attained age 121, subject to the need to pay enough premium to keep the policy in force, and to limitations on maximum premium amount.

Federal tax law limits the amount of premium payments you can make relative to the amount of your policy's insurance coverage. We will not knowingly accept any amount by which a premium payment exceeds this limit. In addition, in order to limit our investment risk exposure under certain market conditions, we may refuse to accept additional premium payments.

From each premium payment you make, we deduct the applicable premium charges identified in the <u>FEE TABLE</u>. We invest the rest (the "net premium") in the variable investment accounts, or any fixed investment option you've elected.

The policy offers a number of variable investment accounts. You can find some important information about each portfolio in the <u>APPENDIX</u>, but for a full description of each portfolio, including the investment objectives and strategies, policies, restrictions, and risks, you should read the portfolio's prospectus carefully before investing in the corresponding variable investment account.

You can also allocate account value to the fixed investment option (where it is credited with rates of interest that we declare from time to time but will never be less than a minimum rate guaranteed in your policy specifications).

If the surrender value is insufficient to pay the charges when due, your policy can terminate (i.e., "lapse"). This can happen because you haven't paid enough premium, because the investment performance of the variable investment accounts you've chosen has been poor or because of a combination of all factors.

**Policy Features** 

**Death benefit.** When the last of the insured persons dies, we will pay the death benefit minus any outstanding loans. There are two ways of calculating the death benefit (Option A and Option B). You choose which one you want in the application. The two death benefit options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option A.</u> The death benefit will equal the greater of (1) the Total Sum Insured plus any optional extra death benefit, if elected (as described below), or (2) the minimum insurance amount. The "Total Sum Insured" is the is the amount of life insurance coverage equal to the "Basic Sum Insured" and any "Additional Sum Insured" as set forth in your policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option B.</u> The death benefit will equal the greater of (1) the Total Sum Insured plus your policy's account value on the date of death of the last surviving insured person, or (2) the minimum insurance amount.

**Surrender of the policy.** You may surrender the policy in full at any time. If you do, we will pay you the account value of the policy less any outstanding policy debt and less any contingent deferred sales charge that then applies. This is called your "surrender value." You must return your policy when you request a surrender.

**Partial Withdrawals.** You may make a partial withdrawal of your surrender value at any time after the first policy year. Each withdrawal must be at least $1,000. There is a charge for each partial withdrawal. The charge is equal to the lesser of 2% of the withdrawal amount or $20. Your account value is automatically reduced by the amount of the withdrawal and the charge. We reserve the right to refuse a withdrawal if it would reduce the surrender value or the Total Sum Insured below certain minimum amounts.

------

**Policy loans.** You may borrow from your policy at any time by completing the appropriate form. The minimum amount of each loan is $1,000. The maximum amount you can borrow is determined by a formula as described in your policy. Interest is charged on each loan. If there is an outstanding loan when the insured person dies, it will be deducted from the death benefit. Policy loans permanently affect the calculation of your account value, and may also result in adverse tax consequences.

**Supplementary benefit riders.** When you apply for the policy, you can request any of the below-listed supplementary benefit riders that we make available. Charges for most riders will be deducted monthly from the account value. Some riders may not be available in combination with other riders or benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Cash Value Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Policy Split Option Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Four-Year Term Rider

You can find information about the fees we charge for these riders under "Optional Benefit Charges" in the Fee Table below. We also offer, at no charge, a dollar cost averaging ("DCA") program and an asset allocation balancer program.

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**Fee Table** 

The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering or making withdrawals from the policy. Please refer to your policy specifications for information about the specific fees you will pay each year based on the options you have elected.

The first table describes the fees and expenses that you will pay at the time that you buy the policy, surrender or make withdrawals from the policy, or transfer account value between investment options.

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| | | |
|:---|:---|:---|
| **TRANSACTION FEES** | **TRANSACTION FEES** | **TRANSACTION FEES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| Premium sales charge | Upon payment of premium | 5% of any premium paid |
| Tax charge | Upon payment of premium | 3.60% of each premium paid |
| Maximum contingent deferral sales charge <br> (CDSC)<sup>(1)</sup> <br>| &nbsp;&nbsp; Upon surrender of policy within the period <br> stated<br>Upon reduction in Basic Sum Insured as a <br> result of a partial withdrawal<br>| &nbsp;&nbsp; 100% of premium received in the first <br> policy year that does not exceed the first <br> year Target Premium for surrenders in <br> policy year 1<br>Pro rata portion of applicable CDSC<br>|
| Maximum partial withdrawal charge | Upon making a partial withdrawal | $20.00 |
| Maximum transfer charge<sup>(2)</sup> <br>| &nbsp;&nbsp; Upon each transfer into or out of a variable <br> investment option beyond an annual limit <br> of 12<br>| 25 (currently $0) |
| Enhanced Cash Value Rider | Upon payment of premium | &nbsp;&nbsp; 4% of all premiums paid in the first policy <br> year up to the Target Premium<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;*(1) The CDSC percentage decreases in later policy years as follows: for policy year 2, it is 92%; for policy year 3, it is 85%; for policy year 4, it is 68%; for policy years 5, 6 and 7 it is 44%; for policy year 8, it is 43%; for policy year 9, it is 42%; for policy year 10, it is 35%; for policy year 11, it is 28%; for policy year 12, it is 21%; for policy year 13, it is 14%; for policy year 14, it is 7%; and for policy years 15 and later, it is 0%. The "Target Premium" for each policy year is determined at the time the policy is issued and appears in the "Policy Specifications" section of the policy. In general, the greater the proportion of Additional Sum Insured at issue, the lower the Target Premium.* 

*(2) This charge is not currently imposed, but we reserve the right to do so in the policy.* 

The next table describes the fees and expenses that you will pay periodically during the time that you own the policy, not including portfolio fees and expenses.

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| | | |
|:---|:---|:---|
| **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| **Base Policy Charges:** |  |  |
| Insurance charge<sup>(1)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.0001 per $1,000 of AAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.20 per $1,000 of AAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for representative insured <br> persons<br>|  | $0.003 per $1,000 of AAR |
| Maximum issue charge<sup>(2)</sup> <br>| Monthly | &nbsp;&nbsp; 1.83% of Target Premium plus 5¢ per<br> $1,000 of Basic Sum Insured at issue<br>|
| Maintenance charge | Monthly | $12.00 |
| Asset-based risk charge<sup>(3)</sup> <br>| Monthly | 0.05% of account value |
| Maximum policy loan interest rate<sup>(4)</sup> <br>| &nbsp;&nbsp; Accrues daily<br> Payable annually<br>| 4.75% annual rate |
| **Optional Benefit Charges:** |  |  |
| Four Year Term Rider<sup>(5)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.004 per $1,000 of Term Death Benefit |

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| | | |
|:---|:---|:---|
| **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $0.02 per $1,000 of Term Death Benefit |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for representative insured <br> persons<br>|  | $0.005 per $1,000 of Term Death Benefit |
| Policy Split Option Rider | Monthly | 3¢ per $1,000 of current Total Sum Insured |

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&nbsp;&nbsp;&nbsp;&nbsp;*(1) The insurance charge is determined by multiplying the amount of insurance for which we are at risk (the amount at risk or "AAR") by the applicable cost of insurance rate. The rates vary widely depending upon the Total Sum Insured, the length of time the policy has been in effect, the insurance risk characteristics of the insured persons and (generally) the gender of the insured persons. The minimum rate shown is the rate in the first policy year for a $250,000 policy issued to cover two 20 year old female preferred non-tobacco underwriting risks. The maximum rate shown is the rate in the 25th policy year for a $500,000 policy issued to cover two 75 year old male substandard tobacco underwriting risks. This includes the so-called "extra mortality charge." The representative insured persons rate shown is the rate for a 55 year old male preferred non-tobacco underwriting risk and a 50 year old female preferred non-tobacco underwriting risk. These charges may not be particularly relevant to your current situation, and you can obtain information about the specific charges applicable to you from your John Hancock USA representative.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(2) The issue charge varies depending upon the proportion of Additional Sum Insured at issue. The amount quoted in the table assumes the minimum proportion of Additional Sum Insured.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(3) This charge only applies to that portion of account value held in the variable investment options. The charge does not apply to the fixed investment option.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(4) 4.75% is the maximum effective annual interest rate we can charge and applies only during policy years 1-10. The effective annual interest rate is 4.50% for policy years 11-20 and, under our current rules, is 4.0% thereafter. The amount of any loan is transferred from the investment options to a special loan account which earns interest at an effective annual rate of 4.0%. Therefore, the true cost of a loan is the difference between the loan interest we charge and the interest we credit to the special loan account.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(5) The charge for this rider is determined by multiplying the Term Death Benefit under the rider by the applicable rate. The rates vary by the issue age, gender and insurance risk characteristics of the insured persons. The minimum rate shown is for two 20 year old female preferred non-tobacco underwriting risks. The maximum rate shown is for two 65 year old male substandard tobacco underwriting risks. The representative insured persons rate shown is the rate for a 55 year old male preferred non-tobacco underwriting risk and a 50 year old female preferred non-tobacco underwriting risk. These charges may not be particularly relevant to your current situation, and you can obtain information about the specific charges applicable to you from your John Hancock USA representative.*

The next item shows the minimum and maximum total operating expenses charged by the portfolios that you may pay periodically during the time that you own the policy. A complete list of the portfolios available under the policy, including their annual expenses, may be found at the back of this document.

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| | | |
|:---|:---|:---|
| **Annual Portfolio Expenses** | **Minimum** | **Maximum** |
| Range of expenses that are deducted from portfolio assets, including <br> management fees, distribution and/or service (12b-1) fees, and other <br> expenses<br>| &nbsp;&nbsp; 0.39% | &nbsp;&nbsp; 1.19% |

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**General Description of the Policy** 

**Policy Rights** 

**Owner and beneficiary.** The owner of the policy is the person who can exercise most of the rights under the policy, such as the right to choose the accounts in which to invest or the right to surrender the policy. In many cases, the person buying the policy is also the person who will be the owner. However, the application for a policy can name another person or entity (such as a trust) as owner. It is possible to name so-called "joint owners" of the policy. If more than one person owns a policy, all owners must join in most requests to exercise rights under the policy. Whenever we've used the term "you" in this prospectus, we've assumed that the reader is the person who has whatever right or privilege is being discussed. There may be tax consequences if the owner and the insured persons are different, so you should discuss this issue with your tax adviser.

While either of the insured persons is alive, you will have a number of options under the policy. These options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Determine when and how much you allocate to the variable investment accounts, and any fixed investment option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Borrow or withdraw amounts you have in the variable investment account, and any fixed investment option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Change the beneficiary who will receive the death benefit

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Change the amount of insurance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Surrender the policy for its surrender value

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Choose the form in which we will pay out the death benefit or other proceeds

You name your beneficiary when you apply for the policy. The beneficiary is entitled to the proceeds we pay following the last surviving insured person's death. Until the death of the last surviving insured person you can change your beneficiary by written request. Such a change requires the consent of any named irrevocable beneficiary. A new beneficiary designation will not affect any payments we make before we receive it. If no beneficiary is living when the last surviving insured person dies, we will pay the insurance proceeds to the owner or the owner's estate.

**Allocation of Premiums** 

All premiums received prior to the Issue Date of the policy will be held in the general account and credited with interest from the date of receipt at the rate of return then being earned on amounts allocated to the Money Market variable investment account. After the Issue Date but prior to the Allocation Date, net premiums received are allocated to the Money Market variable investment account. The "Allocation Date" of the policy is the tenth day after the Issue Date. The Issue Date is shown in your policy specifications. On the Allocation Date, the net premiums paid plus return credited, if any, will be allocated among the variable investment accounts, or the fixed investment option in accordance with the policy owner's instructions. The "net premium" is the premium paid less the applicable premium charges we deduct from it. Any net premium received on or after the Allocation Date will be allocated among variable investment accounts, or the fixed investment option as of the business day on or next following the date the premium is received at the Service Office. In your application for a policy, you give us your initial instructions as to how you wish your initial and future premium payments to be allocated among the variable investment, or fixed investment accounts. Your instructions must be in percentages that add up to 100%. By written request and at any time, you may change the variable investment accounts, or any fixed investment option in which future premium payments will be invested.

There are restrictions that may limit the variable account investment options and fixed investment option options that you may choose, as well as limitations on the transfer of account value among those options. Specifically, all value you have in the variable investment will automatically be transferred to the fixed investment option, and, so long as you continue to receive any of those benefits, you will not be permitted to allocate any additional amounts to the variable investment accounts.

**Transfers of Account value** 

You may transfer your account value from one variable investment account, or any fixed investment option to another, subject to the limitations discussed below. To do so, you must tell us how much to transfer, either as a whole number percentage or as a specific dollar amount. A confirmation of each transfer will be sent to you. Without our approval, the maximum amount you may transfer to or from any variable investment account in any policy year is $1,000,000.

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We have adopted policies and procedures with respect to frequent transfers of account value among variable investment accounts.

**Limitations on transfers to or from a variable investment account.** Our current practice is to restrict transfers into or out of variable investment accounts to two per calendar month (except with respect to those policies described in the following paragraphs). For purposes of this restriction, and in applying the limitation on the number of free transfers, any transfers made during the period from the opening of a business day (usually 9:00 a.m. Eastern time) to the close of that business day (usually 4:00 p.m. Eastern time) are considered one transfer. You may, however, transfer to the Money Market variable investment account even if the two transfers per month limit has been reached, but only if 100% of the account value in all variable investment accounts is transferred to the Money Market variable investment account. If such a transfer to the Money Market variable investment account is made, then for the 30 calendar day period after such transfer no transfers from the Money Market variable investment account to any other variable investment account, or any fixed investment option may be made. If your policy offers a dollar cost averaging or automatic asset allocation rebalancing program, any transfers pursuant to such program are not considered transfers subject to these restrictions on frequent trading.

Subject to our approval, we may offer policies purchased by a corporation or other entity that has purchased policies to match its liabilities under an employee benefit plan, as described above, the ability to electronically rebalance the variable investment accounts in its policies. Under these circumstances, in lieu of imposing any specific limit upon the number and timing of transfers, we will monitor aggregate trades among the subaccounts for frequency, pattern and size for potentially harmful investment practices. If we detect trading activity that we believe may be harmful to the overall operation of any variable investment account or portfolio, we may impose conditions on policies employing electronic rebalancing to submit trades, including setting limits upon the number and timing of transfers, and revoking privileges to make trades by any means other than written communication submitted via U.S. mail. While we seek to identify and prevent disruptive frequent trading activity, it may not always be possible to do so. Therefore, no assurance can be given that the restrictions we impose will be successful in preventing all disruptive frequent trading and avoiding harm to long- term investors.

We will apply these limitations uniformly to each class of policies.

**Frequent transfers among variable investment accounts.** Variable investment accounts in variable life insurance products can be a prime target for abusive transfer activity because these products value their variable investment accounts on a daily basis and allow transfers among variable investment accounts without immediate tax consequences. As a result, some investors may seek to frequently transfer into and out of variable investment accounts or to make large transfers in reaction to market news or to exploit a perceived pricing inefficiency. Whatever the reason, long-term investors in any variable investment account can be harmed by large or frequent transfer activity. For example, such activity may expose the variable investment account's portfolio to increased portfolio transaction costs and/or disrupt the portfolio manager's ability to effectively manage the portfolio's investments in accordance with the portfolio's investment objectives and policies. This could include causing the portfolio to maintain higher levels of cash than would otherwise be the case, or liquidating investments prematurely. Accordingly, frequent or large transfers may result in dilution with respect to interests held for long-term investment and adversely affect policy owners, beneficiaries and the portfolios.

To discourage market timing and disruptive trading activity, we impose restrictions on transfers and reserve the right to change, suspend or terminate telephone, facsimile and internet transaction privileges. We also reserve the right to impose a fee of up to $25 for any transfer beyond an annual limit (which would be 12 or more).

While we seek to identify and prevent disruptive trading activity, it may not always be possible to do so. Therefore, no assurance can be given that the restrictions we impose will be successful in preventing all disruptive trading and avoiding harm to long-term investors.

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**Limitations on transfers out of the fixed investment option.** Transfers out of the fixed investment option are currently subject to the following restrictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You can only make such a transfer once in each policy year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any transfer request received within 6 months of the last transfer out of the fixed investment option will not be processed until such 6 month period has expired.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The most you can transfer at any one time is the greater of (i) $500, (ii) 20% of the assets in your fixed investment option or (iii) the amount transferred out of your fixed investment option during the previous policy year.

We reserve the right to impose limits on the minimum amount of each transfer out of the fixed investment option and the maximum amount of any transfer into the fixed investment option after the second policy year. We also reserve the right to impose different restrictions on any additional fixed investment option that we may offer in the future.

If there is a default as described in the "Lapse and reinstatement" provision and a "grace period" is triggered, you will be prohibited from making any transfers among investment options while the grace period remains in effect.

**Potential additional limitations.** We reserve the right to take other actions to restrict transfers, including, but not limited to: (i) restricting the number of transfers made during a defined period, (ii) restricting the dollar amount of transfers, (iii) restricting transfers into and out of certain variable investment accounts, (iv) restricting the method used to submit transfers, and (v) deferring a transfer at any time we are unable to purchase or redeem shares of the portfolio. We may also impose additional administrative conditions upon or prohibit a transfer request made by a third party giving instructions on behalf of multiple policies, whether owned by the same owner or different owners. If you engage a third party for asset allocation services, then you may be subject to these transfer restrictions because of the actions of that party in providing those services. We will notify the third party you have engaged if we exercise this right. A portfolio also may require us to impose additional trading restrictions if violations of its policies against frequent or disruptive trading in its shares are discovered.

**Dollar cost averaging and asset allocation balancer programs.** We may offer policy owners a dollar cost averaging ("DCA") program. Under the DCA 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 investment option. If insufficient funds exist to effect a DCA transfer, the transfer will not be effected and you will be so notified. We do not apply any minimum amount requirements for participation in the DCA program. You can participate in both the dollar cost averaging and asset rebalancing programs at the same time. Under the asset allocation balancer program, you will designate an allocation of account value among variable investment accounts. We will move amounts among the variable investment accounts at specified intervals you select - annually, semi-annually, quarterly or monthly. A change to your premium allocation instructions will automatically result in a change in asset allocation balancer instructions so that the two are identical unless you either instruct us otherwise or have elected the dollar cost averaging program. This asset allocation balancer program only applies to account value in the variable investment accounts. No fee is charged for these programs. We reserve the right to cease to offer these programs as of 90 days after written notice is sent to you.

**General Account** 

The fixed investment option is part of our general account. Our general account consists of all assets owned by us other than those in the Separate Account and any other separate accounts which we have established and may establish. Any interest credited to a policy owner from an investment in a fixed investment option will be paid from the Company's general account and will be subject to the Company's financial strength and claims paying ability. Subject to applicable law, John Hancock USA has sole discretion over the investment of the assets of the general account and policy owners do not share in the investment experience of, or have any preferential claim on, those assets. John Hancock USA bears full investment risk for all amounts allocated to the fixed investment option.

Because of exemptive and exclusionary provisions, interests in our fixed investment option have not been and will not be registered under the Securities Act of 1933 and our general account has not been registered as an investment company under the Investment Company Act of 1940 ("1940 Act"). Accordingly, neither the general account nor any interests therein are subject to the provisions of these acts. Disclosures regarding the general account, however, are subject generally to applicable provisions of federal securities laws relating to the accuracy and completeness of statements made in the prospectus.

**The fixed investment option.** Our obligations under the fixed investment option are backed by our general account assets. Our general account consists of assets owned by us other than those in the Account and in other separate accounts that we may establish. Subject to applicable law, we have sole discretion over the investment of assets of the general account and policy

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owners do not share in the investment experience of, or have any preferential claim on, those assets. Instead, we guarantee that the account value allocated to any fixed investment option will accrue interest daily at an effective annual rate that we determine without regard to the actual investment experience of the general account. We currently offer only one fixed investment option—the standard fixed investment option. The effective annual rate we declare for the standard fixed investment option will never be less than 3%. We reserve the right to offer one or more additional fixed investment options with characteristics that differ from those of the current fixed investment option, but we are under no obligation to do so.

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**Premiums** 

**Purchase Procedures** 

Generally, the policy is available with a minimum Basic Sum Insured at issue of $300,000. At the time of issue, each insured person must have an attained age of no more than 90. Each insured person must meet certain health and other insurance risk criteria called "underwriting standards."

The Minimum Initial Premium is set forth in your policy specifications. Factors that determine the minimum initial premium amount generally include the insured persons' age, sex and risk classification including any additional ratings; the Total Sum Insured and election of any Additional Sum Insured; choice of Death Benefit Option A vs. Option B; and any selected supplementary benefit rider. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy.

If you pay premiums by check or money order, they must be drawn on a U.S. bank in U.S. dollars and made payable to "John Hancock." We will not accept credit card checks. We will not accept starter or third party checks if they fail to satisfy our administrative requirements. Premiums after the first must be sent to the John Hancock USA Service Office at the appropriate address shown on the back cover of this prospectus. We will also accept premiums by wire or by exchange from another insurance company, or via an electronic funds transfer program (any owner interested in making monthly premium payments must use this method).

**Premium Amount** 

In addition to the Minimum Initial Premium, your policy specifications will also show the "Planned Premium" that you chose for the policy. Payment of Planned Premiums is not necessarily required, however. You need only pay enough premium to keep the policy in force.

The amount and frequency of the Planned Premium are determined by you, in consultation with your financial advisor, based upon your financial objectives for the policy. Depending upon the amount and timing of your actual premium payments, investment results, changing objectives and other factors, you may need to change the amount and frequency of your premium payments from the Planned Premium amount in order for the policy to continue to support your financial objectives. You may be required to pay additional premiums beyond the Planned Premium amount in order to keep your policy from lapsing. You should request in-force illustrations periodically in order to help assure that you are keeping on track with your objectives.

Federal tax law limits the amount of premium payments you can make relative to the amount of your policy's insurance coverage. Also, in order to limit our exposure to unanticipated investment risk, we may refuse to accept additional premium payments. For example, with large premium payments in an environment of decreasing interest rates, we may not be able to acquire investments for our general account that will sufficiently match the liabilities we are incurring under our fixed investment option guarantees. Excessive allocations may also interfere with the effective management of our variable investment accounts, if we are unable to make an orderly investment of the additional premium into the variable investment accounts. Also, we may refuse to accept or limit an amount of premium if the amount of the premium would increase our insurance risk exposure, and the insured persons don't provide us with adequate evidence that they continue to meet our requirements for issuing insurance.

We will notify you in writing of our refusal to accept premium and will promptly thereafter take the necessary steps to return the premium to you. Notwithstanding the foregoing limits on the premium that we will accept, we will not refuse to accept any premium necessary to prevent the policy from terminating.

**Premium Due Dates** 

Either your entire policy or the Additional Sum Insured portion of your Total Sum Insured can terminate (i.e., "lapse") for failure to pay charges due under the policy. Therefore, a policy could lapse eventually if increases in account value (prior to deduction of policy charges) are not sufficient to cover policy charges During the first 5 policy years, there can be no lapse of any kind if the guaranteed death benefit feature is in effect. If the guaranteed death benefit feature is in effect after the 5th policy year, the Additional Sum Insured and any additional benefit riders (unless otherwise stated therein) will be in default and may lapse if the policy's surrender value is not sufficient to pay the charges on a grace period testing date. If the guaranteed death benefit feature is not in effect, the entire policy will be in default and may lapse if the policy's surrender value is not sufficient to pay the charges on a grace period testing date. In either case, we will notify you of how much you

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will need to pay to keep the Additional Sum Insured or the policy in force. You will have a 61 day "grace period" to make these payments. If you pay these amounts during the grace period, you may also continue the guaranteed death benefit feature by paying the necessary amount of GDB Premiums. If you don't pay at least the required amount by the end of the grace period, the Additional Sum Insured and any additional benefit riders (unless otherwise stated therein) or your policy, as the case may be, will lapse. If your policy lapses, all coverage under the policy will cease.

**Guaranteed death benefit feature** 

This feature guarantees that your Basic Sum Insured will not terminate (i.e., "lapse"), regardless of adverse investment performance, if on each "grace period testing date" the amount of cumulative premiums you have paid (less all withdrawals from the policy and all outstanding loans) equals or exceeds the sum of all Guaranteed Death Benefit Premium ("GDB Premium") due to date. For the first 5 policy years, the same applies to any amount of Additional Sum Insured. If the Guaranteed Death Benefit test is not satisfied on any grace period testing date, the guaranteed death benefit feature will not be "in effect" on that date. We currently test on a quarterly basis, but reserve the right to test on each monthly deduction date. (The term "monthly deduction date" is defined under "Procedures for issuance of a policy".)

Your policy will show two types of GDB Premium (or such other types as permitted by your policy's state of issue):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5 Year GDB Premium - This is used on each grace period testing date until the 5th policy anniversary. The total GDB Premium that is "due to date" on any grace period testing date during this period is equal to the 5 Year GDB Premium times the number of elapsed policy months from the policy's date of issue through the grace period testing date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Age 100 GDB Premium - This is used on each grace period testing date that occurs on and after the 5th policy anniversary until the policy anniversary nearest the younger insured person's 100th birthday (regardless of whether such younger insured person remains alive until that policy anniversary). The total GDB Premium that is "due to date" on any grace period testing date during this period is equal to the Age 100 GDB Premium times the number of elapsed policy months from the policy's date of issue through the grace period testing date.

The Age 100 GDB Premium is higher than the 5 Year GDB Premium, but neither of them will ever be greater than the so-called "guideline premium" for the policy as defined in Section 7702 of the Code. The GDB Premium varies from policy to policy based upon a number of factors, including each insured person's issue age, insurance risk characteristics and (generally) gender.

For the first 5 policy years, the guaranteed death benefit feature applies to both the Basic Sum Insured and Additional Sum Insured then in effect and any riders then in effect. On the 5th policy anniversary and thereafter, the guaranteed death benefit feature applies only to the Basic Sum Insured in effect when we issue the policy and does not apply to any amount of Additional Sum Insured or any rider benefits. If you increase the Total Sum Insured, the guaranteed death benefit feature will cease to be in effect on the date such increase takes effect or the 5th policy anniversary, whichever is later. If there is a decrease in the Total Sum Insured or a change in death benefit option, the 5 Year GDB Premium and the Age 100 GDB Premium may be changed. In making any "due date" calculation described above after the effective date of the change, the old GDB Premium will apply up to the effective date of the change and the new GDB Premium will be multiplied by the number of elapsed policy months from the effective date of the change through the grace period testing date.

If there are monthly charges that remain unpaid because of this guaranteed death benefit feature, we will deduct such charges when there is sufficient account value to pay them.

If an insufficient amount of GDB Premium has been paid on a grace period testing date, and your policy would lapse for failure to pay charges then due, we will provide you with a notification as described in the section, "Lapse and Reinstatement".

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**Standard Death Benefits** 

**Standard Death Benefits** 

**Effectiveness and Policy Date.** After you apply for a policy, we gather and evaluate all the information we need to decide whether to issue a policy to you and, if so, what each insured person's risk classification should be. After we approve an application for a policy and assign an appropriate insurance risk classification, we will prepare the policy for delivery. The policy will take effect only if all of the following conditions are satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The policy is delivered to and received by the applicant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Minimum Initial Premium is received by us.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each insured person is living and there has been no deterioration in the insurability of the insured persons since the date of the application.

If all of the above conditions are satisfied, the policy will take effect on the date shown in the policy as the "Policy Date." That is the date on which we begin to take monthly deductions. Policy months, policy years and policy anniversaries are all measured from the Policy Date. Under limited circumstances, we may backdate a policy, upon request, by assigning a Policy Date earlier than the date the application is signed. The most common reasons for backdating are to preserve a younger age at issue for one or both of the insured persons or to retain a common monthly deduction date in certain corporate-owned life insurance cases involving multiple policies issued over time. If used to preserve age, backdating will result in lower insurance charges. However, monthly deductions will begin earlier than would otherwise be the case.

**Temporary insurance coverage.** If a specified amount of premium is paid with the application for a policy and other conditions are met, we will provide temporary term life insurance coverage on the insured persons for a period prior to the time coverage under the policy takes effect. Such temporary term coverage will be subject to the terms and conditions described in the Temporary Life Insurance Agreement and Receipt attached to the application for the policy, including conditions to coverage and limits on amount and duration of coverage.

**Option A and Option B.** When the last of the insured persons dies, we will pay the death benefit minus any outstanding loans, accrued interest and unpaid fees and charges. There are two ways of calculating the death benefit. You must choose which one you want in the application. The two death benefit options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option A.</u> The death benefit will equal the greater of (1) the Total Sum Insured plus any optional extra death benefit, if elected (as described below), or (2) the minimum insurance amount (as described below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option B.</u> The death benefit will equal the greater of (1) the Total Sum Insured plus your policy's account value on the date of death of the last surviving insured person, or (2) the minimum insurance amount.

For the same premium payments, the death benefit under Option B will tend to be higher than the death benefit under Option A. On the other hand, the monthly insurance charge will be higher under Option B to compensate us for the additional insurance risk. Because of that, the account value will tend to be higher under Option A than under Option B for the same premium payments.

Poor investment performance of the portfolios, expenses, and deduction of charges under the policy all will reduce the account value and surrender value and may also reduce the death benefit. However, favorable investment performance may increase the account value, surrender value, and death benefit. Therefore, if you experience better investment performance or lower expenses and charges than you assumed, you may be able to reduce your premium payments while maintaining the death benefit and other values under your policy; or if you continue to pay premiums at the same level, the death benefit and other values under your policy may increase. Conversely, if the investment performance falls short of what you assumed, or the expenses or charges are higher, the death benefit and other values under your policy may decrease unless you pay additional premiums.

**Optional extra death benefit feature.** If you elect the Option A death benefit, you may also elect this optional extra death benefit feature. The optional extra death benefit is determined on each annual processing date as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First, we multiply your account value by a factor specified in the policy. The factor is based on the age of the younger insured person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We will then subtract your Total Sum Insured.

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Any excess is the optional extra death benefit for the remainder of that policy year. This feature may result in the Option A death benefit being higher than the minimum insurance amount. Although there is no special charge for this feature, your monthly insurance charge will be based on that higher death benefit amount. Election of this feature must be made in the application for the policy. You may revoke your election at any time, but there may be adverse tax consequences if you do. An "annual processing date" is the first business day of a policy year.

**Basic Sum Insured and Additional Sum Insured.** As noted earlier in this prospectus, you should consider a number of factors in determining whether to elect coverage in the ." Total Sum Insured is composed of the Basic Sum Insured and any Additional Sum Insured you elect. The maximum amount of Additional Sum Insured you can have when we issue the policy is generally limited to 400% of the Basic Sum Insured. form of Basic Sum Insured or in the form of Additional Sum Insured.

For the same amount of premiums paid, the amount of the issue charge deducted from the account value and the amount of compensation paid to the selling insurance agent will generally be less if coverage is included as Additional Sum Insured, rather than as Basic Sum Insured. On the other hand, the amount of any Additional Sum Insured is not included in the guaranteed death benefit feature after the 5th policy year and is not extended beyond the age 100 adjustment date. Therefore, if the policy's surrender value is insufficient to pay the monthly charges as they fall due (including the charges for the Additional Sum Insured)after the 5th policy year, the Additional Sum Insured coverage will lapse, even if the Basic Sum Insured stays in effect pursuant to the guaranteed death benefit feature.

Generally, you will incur lower issue charges and have more flexible coverage with respect to the Additional Sum Insured than with respect to the Basic Sum Insured. If this is your priority, you may wish to maximize the proportion of the Additional Sum Insured. However, if your priority is to take advantage of the guaranteed death benefit feature after the 5th policy year the proportion of the policy's Total Sum Insured that is guaranteed can be increased by taking out more coverage as Basic Sum Insured at the time of policy issuance. In addition, the death benefit after the age 100 adjustment date will generally be larger if the proportion of Basic Sum Insured immediately prior to that date is larger.

Any decision you make to modify the amount of Additional Sum Insured coverage after issue can have significant tax consequences.

**Minimum insurance amount.** In order for a policy to qualify as life insurance under Federal tax law, there has to be a minimum amount of insurance in relation to account value. There are two tests that can be applied under Federal tax law—

the "guideline premium and cash value corridor test" and the "cash value accumulation test." When you elect the death benefit option, you must also elect which test you wish to have applied. The guideline premium and cash value corridor test cannot be elected if the optional extra death benefit is chosen as the death benefit option. Under the guideline premium and cash value corridor test, we compute the minimum insurance amount each business day by multiplying the account value on that date by the death benefit factor (called "corridor factor" in the policy) applicable on that date. In this case, the factors are derived by applying the guideline premium and cash value corridor test. The factor starts out at 2.50 for ages at or below 40 and decreases as attained age increases, reaching a low of 1.0 at age 95. A table showing the factor for each policy year will appear in the policy. Under the cash value accumulation test, we compute the minimum insurance amount each business day by multiplying the account value on that date by the death benefit factor applicable on that date. In this case, the factors are derived by applying the cash value accumulation test. The factor decreases as attained age increases. A table showing the factor for each age will appear in the policy. Regardless of which test is applied, the appropriate factor will be referred to in the policy as the "Required Additional Death Benefit Factor."

As noted above, you have to elect which test will be applied when you elect the death benefit option. The cash value accumulation test may be preferable if you want an increasing death benefit in later policy years and/or want to fund the policy at the "7 pay" limit for the full 7 years. The guideline premium and cash value corridor test may be preferable if you want the account value under the policy to increase without increasing the death benefit as quickly as might otherwise be required.

**Calculation and payment of the death benefit.** We will ordinarily pay any death benefit within seven days after we receive the last required form or request and any other documentation that may be required. You may choose to receive proceeds from the policy as a single sum. If we do not have information about the desired manner of payment within seven days after the date we receive documentation of the last surviving insured person's death, we will pay the proceeds as a single sum. As permitted by state law and our current administrative procedures, death claim proceeds may be placed into an interest-bearing John Hancock retained asset account in the beneficiary's name. The interest earned in a John Hancock retained asset account is normally subject to income tax. You should consult with your tax advisor if you have any questions regarding taxation of the interest earned. We will provide the beneficiary with a checkbook, so checks may be written for all or a part of the proceeds. The retained asset account is part of our general account and is subject to the claims of our creditors. It is not a bank account

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and it is not insured by the FDIC. We may receive a benefit from managing proceeds held in a retained asset account. Alternatively, you can elect to have proceeds of $1,000 or more applied to any of the other payment options we may offer at the time. You cannot choose an option if the monthly payments under the option would be less than $50. We will issue a supplementary agreement when the proceeds are applied to any alternative payment option. That agreement will spell out terms of the option in full. Please contact our Service Office for more information.

**Changes you may make.** Subject to certain limitations and conditions, you may request a change from death benefit Option 2 to Option 1 or a reduction in your policy's Face Amount. However, you may not request a change from Option 1 to Option 2 or a Face Amount increase.

**Additional Information About Standard Death Benefits** 

**Requesting an increase or decrease in coverage.** The Basic Sum Insured generally cannot be increased after policy issue. You may request an increase in the Additional Sum Insured. Generally, each such increase must be at least $50,000. However, you will have to provide us with evidence that the insured persons still meet our requirements for issuing insurance coverage. Unless we consent otherwise, you may not increase the Additional Sum Insured if the increase would cause the entire Additional Sum Insured to equal or exceed 800% of the Basic Sum Insured. Generally, any increase will be effective on the policy anniversary on or next following the date we approve the request.

After the first policy year, you may request a reduction in the Total Sum Insured, but only if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the remaining Basic Sum Insured will be at least $250,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the remaining Additional Sum Insured will not exceed 800% of the Basic Sum Insured, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the remaining Total Sum Insured will at least equal the minimum required by the tax laws to maintain the policy's life insurance status.

We may refuse any decrease in the Additional Sum Insured if it would cause the death benefit to reflect an increase pursuant to the optional extra death benefit feature. Any reduction in Total Sum Insured will be implemented by first reducing any Additional Sum Insured. If there is any reduction in Basic Sum Insured, a pro-rata portion of the applicable CDSC will be deducted from the account value. An approved decrease will take effect on the policy anniversary on or next following the date we approve the request.

**Change of death benefit option** 

You may change your coverage from death benefit Option B to Option A on any policy anniversary, but only if there is no change in the Federal tax law test used to determine the minimum insurance amount. A change from death benefit Option A to Option B is not permitted under our administrative rules.

**Tax consequences of coverage changes.** A change in the death benefit option or a reduction in Face Amount may change the policy's limits under the Federal tax law. To avoid having the policy cease to qualify as life insurance for tax purposes, we reserve the right to refuse or limit (1) a change in the death benefit option or (2) a reduction in Face Amount.

**Limitations on payment of death benefit.** If either insured person commits suicide within certain time periods (generally within two years from the Issue Date of the policy), the amount payable will be equal to the premiums paid, less the amount of any policy debt on the date of death, and less any withdrawals. Also, if an application misstated the age or sex of either insured person, we will adjust, if necessary, the Base Face Amount, any Supplemental Face Amount, and every other benefit to that which would have been purchased at the correct age or sex by the most recent cost of insurance charge.

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**Surrenders and Partial Withdrawals** 

**Surrender and Partial Withdrawals** 

You may surrender your policy in full at any time. If you do, we will pay you the account value, less any policy debt and less any CDSC that then applies and coverage under the policy and any riders and other benefits under the policy will cease. You may make a partial withdrawal of your surrender value at any time after the first policy year. The amount of payment you will receive upon a surrender or withdrawal is based on values calculated as of the day we receive your request in good order or, if that is not a business day, on the next day that is. We generally pay that amount to you within seven days thereafter.

**Additional Information Regarding Surrender and Partial Withdrawals** 

The surrender of the policy terminates the life insurance coverage and other policy benefits. You must return your policy when you request a full surrender.

You may make a partial withdrawal of your surrender value at any time after the first policy year. Each partial withdrawal must be at least $1,000. There is a charge for each partial withdrawal. The charge is equal to the lesser of 2% of the withdrawal amount or $20. We will automatically reduce the account value of your policy by the amount of the withdrawal and the related charge. Unless we agree otherwise, each investment option will be reduced in the same proportion as the account value is then allocated among them. We will not permit a partial withdrawal if it would cause your surrender value to fall below 3 months' worth of monthly charges. We also reserve the right to refuse any partial withdrawal that would cause the policy's Total Sum Insured to fall below $250,000 or the policy's Basic Sum Insured to fall below $250,000. Under the Option A death benefit, the reduction of your account value occasioned by a partial withdrawal could cause the minimum insurance amount to become less than your Total Sum Insured. If that happens, we will automatically reduce your Total Sum Insured. The calculation of that reduction is explained in the policy, and will be implemented by first reducing any Additional Sum Insured in effect. If the reduction in Total Sum Insured would cause your policy to fail the Internal Revenue Code's definition of life insurance, we will not permit the partial withdrawal. If the withdrawal results in a reduction in Basic Sum Insured, a pro-rata portion of the applicable CDSC will be deducted from the account value.

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**Loans** 

**Availability of Loans, Limitations and Interest** 

If your policy is in force and has sufficient policy value, you may borrow from it at any time by completing the appropriate form. However, you can't borrow from your policy during a "grace period". We process policy loans as of the business day on or next following the day we receive the loan request. You can repay all or part of a loan at any time. Policy loans permanently affect the calculation of your policy value and may also result in adverse tax consequences. The amount of the outstanding loan (which includes accrued and unpaid interest) is subtracted from the amount otherwise payable when the policy proceeds become payable.

Generally, the minimum amount of each loan is $1,000. You may borrow from your policy at any time by completing a form satisfactory to us. The maximum amount you can borrow is the greater of (i) 75% of the surrender value of your policy or (ii) the amount determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We first determine the surrender value of your policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then subtract an amount equal to 12 times the monthly charges then being deducted from account value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then multiply the resulting amount by .75% in policy years 1 through 10, .50% in policy years 11 through 20, and 0% thereafter (although we reserve the right to increase the percentage after policy year 20 to as much as .25%).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then subtract the third item above from the result of the second item above.

The interest charged on any loan is an effective annual rate of 4.75% in the first 10 policy years, 4.50% in policy years 11 through 20, and 4.00% thereafter. However, we reserve the right to increase the percentage after policy year 20 to as much as 4.25%. Accrued interest will be added to the loan daily and will bear interest at the same rate as the original loan amount. The amount of the loan is deducted from the investment options in the same proportion as the account value is then allocated among them and is placed in a special loan account. This special loan account will earn interest at an effective annual rate of 4.00%.

**Effects of policy loans on Account Value and Death Benefit** 

Unless otherwise specified by you, the amount of the loan is deducted from the variable investment accounts and any fixed investment option in the same proportion as the account value is then allocated among them. Amounts in the loan account do not participate in the investment experience of the variable investment accounts or the fixed investment option, and therefore loans can affect the account value and death benefit whether or not the loan is repaid. The account value, the net cash surrender value, and any death benefit above the Total Sum Insured are permanently affected by any loan, whether or not it is repaid in whole or in part. This is because the amount of the loan is deducted from the investment options and placed in a special loan account. The investment options and the special loan account will generally have different rates of investment return.

**Other Effects of Loans** 

Taking a loan on the policy increases the risk that the policy may lapse because of the difference between the interest rate charged on the loan and the interest rate credited to the special loan account. When a loan is outstanding, the amount in the loan account is not available to help pay for any policy charges. If, after deducting your policy loan, there is not enough surrender value to cover the policy charges, your policy could lapse. Also, whenever the outstanding loan equals or exceeds the surrender value, the policy will terminate 31 days after we have mailed notice of termination to you (and to any assignee of record at such assignee's last known address) specifying the minimum amount that must be paid to avoid termination, unless a repayment of at least the amount specified is made within that period. Also, taking out a loan on the policy increases the risk that the policy may lapse because of the difference between the interest rate charged on the loan and the interest rate credited to the special loan account.

The tax consequences of a loan interest credited differential of 0% are unclear. You should consult a tax adviser before effecting a loan to evaluate possible tax consequences. If we determine that a loan will be treated as a distribution from your policy because of the differential between the loan interest rate and the rate being credited on the special loan account, we reserve the right to increase the rate charged on the loan to a rate that would, in our reasonable judgment, result in the

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transaction being treated as a loan under Federal tax law. The right to increase the rate charged on the loan is restricted in some states. Please see your John Hancock USA representative for details. We process policy loans as of the business day on or next following the day we receive the loan request.

**Loan Repayments** 

You can repay all or part of a loan at any time. Each repayment will be allocated among the investment options as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The repayment will be applied to the policy value by transferring amounts from the loan options to other investment options as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First, an amount transferred to the fixed investment option that is equal to the remaining loan repayment multiplied by the ratio of the amount borrowed from the fixed investment option divided by the sum of the amounts borrowed from the fixed investment option and the variable investment options, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The remainder of the repayment, if any, will be allocated among the investment options in the same way a new premium payment would be allocated (unless otherwise specified by you).

If you want a payment to be used as a loan repayment, you must include instructions to that effect. Otherwise, all payments will be assumed to be premium payments. We process loan repayments as of the day we receive the repayment.

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**Other Benefits Available Under the Policy** 

In addition to the standard death benefits associated with your policy, other standard and/or optional benefits may also be available to you. The following tables summarize information about those benefits. Information about the fees associated with each benefit included in the tables may be found in the FEE TABLE.

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| | | |
|:---|:---|:---|
| **STANDARD BENEFITS** | **STANDARD BENEFITS** | **STANDARD BENEFITS** |
| **Name of Benefit** | **Purpose** | &nbsp;&nbsp; **Brief Description of**<br> **Restrictions/Limitations**<br>|
| Dollar cost averaging | &nbsp;&nbsp; Under the dollar cost averaging program, you will <br> designate an amount that will be transferred <br> monthly from one variable investment account into <br> any other variable investment account, or a fixed <br> investment option.<br>| &nbsp;&nbsp; We reserve the right to cease to offer this program <br> after written notice to you.<br>|
| Asset allocation balancing | &nbsp;&nbsp; Under the asset allocation balancer program, you <br> will designate a percentage allocation of account <br> value among variable investment accounts. We will <br> automatically transfer amounts among the variable <br> investment accounts at intervals you select <br> (annually, semi-annually, quarterly, or monthly) to <br> reestablish your chosen allocation.<br>| &nbsp;&nbsp; We reserve the right to cease this program after <br> written notice to you.<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **OPTIONAL BENEFITS** | **OPTIONAL BENEFITS** | **OPTIONAL BENEFITS** |
| **Name of Benefit** | **Purpose** | &nbsp;&nbsp; **Brief Description of**<br> **Restrictions/Limitations**<br>|
| Enhanced Cash Value <br> Rider<br>| Provides an enhancement in cash surrender value. | &nbsp;&nbsp; The decision to add this rider to your policy must <br> be made at issuance of the policy and, once made, <br> is irrevocable.<br>|
| Policy Split Option Rider | &nbsp;&nbsp; Gives the owner the option to split the Total Sum <br> Insured evenly into two separate policies, one for <br> each insured person, but only if the insured persons <br> get divorced or certain Federal tax law changes <br> occur.<br>| &nbsp;&nbsp; The rider will automatically terminate upon the <br> death of either insured person.<br>|
| Four-Year Term Rider | &nbsp;&nbsp; Provides an additional death benefit if the death of <br> the last surviving insured person occurs during the <br> four-year period following policy issue.<br>| &nbsp;&nbsp; We will reduce the amount of insurance under this <br> benefit proportionally upon the occurrence of any <br> reduction in the Total Sum Insured of your policy or <br> upon a partial withdrawal.<br>You must terminate this rider before you can elect <br> any increase to your Additional Sum Insured.<br>|

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**More About Certain Optional Benefits** 

When you apply for a policy, you can request any of the optional supplementary benefit riders that we then make available. Availability of any rider, the benefits it provides and the charges for it may vary by state. Our rules and procedures will govern eligibility for any rider and, in some cases, the configuration of the actual rider benefits. Each rider contains specific details that you should review before you decide to choose the rider. You may request an example illustrating the operation of any of the following optional supplementary benefit riders by contacting the Service Office at 1-800-732-5543. Charges for most riders will be deducted from the policy value. We may change these charges (or the rates that determine them), but not above any applicable maximum amount stated in your policy specifications. We may add to, delete from or modify the list of optional supplementary benefit riders.

**• <u>Enhanced Cash Value Rider.</u>** While this rider is in effect, we will pay an Enhanced Cash Value Benefit in addition to the policy surrender value if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you surrender the policy before the CDSC is equal to zero; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the surrender is not the result of an exchange under Section 1035 of the Internal Revenue Code,

The Enhanced Cash Value Benefit is equal to the CDSC in effect on the date of your surrender, up to a maximum amount equal to your account value on the date of surrender less any indebtedness. We describe the CDSC, and the period it is in effect, under "Deductions from account value."

The Enhanced Cash Value Benefit does not increase (a) the death benefit payable under the policy, (b) the maximum amount you may borrow from the policy or (c) the maximum amount you may withdraw from the policy through partial withdrawals.

**• <u>Policy Split Option Rider.</u>** At the time of policy issue, you may elect this rider that will permit the Total Sum Insured to be evenly split 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 may be canceled at any time and it will automatically terminate upon the death of either insured person.

*Example:* Assume that your policy's face amount is $1,000,000. Upon divorce, each of the lives insured may be issued a single life policy with a face amount of $500,000, at which point the original policy covering both lives will be terminated.

**• <u>Four-Year Term Rider.</u>** Subject to our underwriting practices, you may be eligible to elect the Four-Year Term Rider at the time of policy issue. This rider provides an additional death benefit if the death of the last surviving insured person occurs during the four-year period following policy issue. In your application for this rider, you will tell us how much term insurance coverage you want on the lives of the insured persons. The benefit will take effect on the Policy Date stated in your policy specifications page and will terminate four years from that date. You may not renew this benefit once it has been terminated.

*Example:* Assume that your policy's face amount is $1,000,000. For the first four policy years, the death benefit payable upon the death of the last surviving insured person will be $1,000,000 + [11/9 \* $1,000,000] = $2,222,222. Beginning in the fifth policy year, the death benefit payable upon the death of the last surviving insured person will be $1,000,000.

We will reduce the amount of insurance under this benefit proportionally upon the occurrence of any reduction in the Total Sum Insured of your policy or upon a partial withdrawal. On receiving due proof of death of the last surviving insured person, we will pay the death benefit amount to the same beneficiary and in the same manner as the proceeds payable under your policy.

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**Taxes** 

**Tax Consequences of Owning a Policy** 

Tax consequences will vary based on your own particular circumstances, and for further information you should consult a qualified tax adviser. This material does not constitute tax or legal advice and neither John Hancock USA nor any of its agents, employees or registered representatives are in the business of offering such advice.

Federal, state and local tax laws, regulations and interpretations can change from time to time. As a result, the tax consequences to you and the beneficiary may be altered, in some cases retroactively. The policy may be used in various arrangements, including non- qualified deferred compensation or salary continuation plans, split dollar insurance plans, executive bonus plans, retiree medical benefit plans and others. The tax consequences of such plans may vary depending on the particular facts and circumstances of each individual arrangement. Therefore, if the value of using the policy in any such arrangement depends in part on the tax consequences, a qualified tax adviser should be consulted for advice.

Generally, death benefits paid under policies such as yours are not subject to income tax unless policy ownership has been transferred in exchange for payment. Earnings on your account value are ordinarily not subject to income tax as long as we don't pay them out to you. If we do distribute any amount of your account value, 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. Any portion not treated as a return of your premiums would be includible in your income.

Distributions for tax purposes include amounts received upon surrender or partial withdrawals and may include the charges for certain supplementary benefit riders as described below. You may also be deemed to have received a distribution for tax purposes if you assign all or part of your policy rights or change your policy's ownership. Amounts you borrow are generally not taxable to you. If you use policy value to pay down a policy loan, the amount so applied will be treated as a distribution.

Please note that certain distributions associated with a reduction in death benefit or other policy benefits within the first fifteen years after issuance of the policy are ordinarily taxable in whole or in part.

Some of the tax rules change if your policy becomes a modified endowment contract. This can happen if you've paid premiums in excess of limits prescribed by the tax laws. In that case, additional taxes and penalties may be payable for policy distributions of any kind, including loans.

We expect the policy to receive the same Federal income and estate tax treatment as fixed benefit life insurance policies. Section 7702 of the Internal Revenue Code (the "Code") defines a life insurance contract for Federal tax purposes. For a policy to be treated as a life insurance contract, it must satisfy either the cash value accumulation test or the guideline premium test. We will monitor compliance with these standards. If we determine that a policy does not satisfy the definition of life insurance under section 7702, we may take whatever steps are appropriate and reasonable to bring it into compliance with section 7702.

It is possible that, despite our monitoring, a policy might fail to qualify as a life insurance contract under section 7702 of the Code. This could happen, for example, if we inadvertently failed to return to you any premium payments that were in excess of amounts permitted under section 7702, or if any of the funds failed to meet certain investment diversification or other requirements of the Code. If this were to occur, you would be subject to income tax on the income credited to the policy from the date of issue to the date of the disqualification and for subsequent periods.

If the policy complies with section 7702, the death benefit proceeds under the policy ordinarily should be excludible from the beneficiary's gross income under section 101 of the Code. (As noted above, a transfer of the policy for valuable consideration may limit the exclusion of death benefits from the beneficiary's income.)

Tax consequences of ownership or receipt of policy proceeds under Federal, state and local estate, inheritance, gift and other tax laws will depend on the circumstances of each owner or beneficiary. If the person insured by the policy is also its owner, either directly or indirectly through an entity such as a revocable trust, the death benefit will be includible in his or her estate for purposes of the Federal estate tax. Even if ownership has been transferred, the death proceeds or the policy value may be includible in the former owner's estate if the transfer occurred less than three years before the former owner's death or if the former owner retained certain kinds of control over the policy. If the owner is not the person insured, the value of the policy will be includible in the owner's estate upon his or her death. You should consult your tax adviser regarding these possible tax consequences.

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Increases in account value as a result of interest or investment experience will not be subject to Federal income tax unless and until values are received through actual or deemed distributions. In general, unless the policy is a modified endowment contract, the owner will be taxed only on the amount of distributions that exceed the premiums paid under the policy. An exception to this general rule occurs in the case of a decrease in the policy's death benefit or any other change that reduces benefits under the policy in the first fifteen years after the policy is issued and that results in a cash distribution to the policy owner. Changes that reduce benefits include partial withdrawals and reductions in face amount that result in a distribution that is required to keep the policy in compliance with section 7702. For purposes of this rule any distribution within the two years immediately before a reduction in benefits will also be treated as if it were a result of the reduction. A cash distribution that reduces policy benefits will be taxed in whole or in part (to the extent of any gain in the policy) under rules prescribed in section 72(e) of the Code. The taxable amount is subject to limits prescribed in section 7702(f)(7). Any taxable distribution will be ordinary income to the owner (rather than capital gain).

**Tax Consequences of Electing Certain Supplementary Benefit Riders** 

**<u>Cash value enhancement riders.</u>** If you have elected the Enhanced Cash Value Rider, we will not treat the rider charge as a distribution from your life insurance policy for federal income tax purposes; however, such charge will reduce your investment in the policy.

**<u>Policy Split Option Rider.</u>** If you have elected the Policy Split Option Rider, we will treat the rider charge as a distribution from your life insurance policy for federal income tax purposes. Therefore, such charges may be includible in your taxable income if your policy is a modified endowment contract or if your investment in the contract has been reduced to zero.

**Effect on the Company's Taxes** 

We are taxed as a life insurance company. Under current tax law rules, we include the investment income (exclusive of capital gains) of the Separate Account in our taxable income and take deductions for investment income credited to our policy holder reserves. We are also required to capitalize and amortize certain costs instead of deducting those costs when they are incurred. We do not currently charge the Separate Account for any resulting income tax costs, other than a charge we may impose against the Separate Account to compensate us for the cost of a delay in the deductibility of deferred acquisition costs (the "DAC tax" adjustment) pursuant to section 848 of the Code. We also claim certain tax credits or deductions relating to foreign taxes paid and dividends received by the series funds. These benefits can be material. We do not pass these benefits through to the Separate Account, principally because: (i) the deductions and credits are allowed to us and not the policy owners under applicable tax law; and (ii) the deductions and credits do not represent investment return on the Separate Account assets that is passed through to policy owners.

The policies permit us to deduct a charge for any taxes we incur that are attributable to the operation or existence of the policies or the Separate Account. Currently, we do not anticipate making any specific charge for such taxes other than any DAC tax charge and premium taxes where applicable. If the level of the current taxes increases, however, or is expected to increase in the future, we reserve the right to make a charge in the future.

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**Principal Risks of Investing in the Policy** 

**Lapse Risk** 

If the account value of your policy is insufficient to pay the charges when due, your policy (or part of it) can terminate (i.e. "lapse"). This can happen because you haven't paid enough premiums or because the investment performance of the investment options you've chosen has been poor or because of a combination of both factors. You'll be given a "grace period" within which to make additional premium payments to keep the policy in effect. If lapse occurs, you'll be given the opportunity to reinstate the policy by making the required premium payments and satisfying certain other conditions.

Since withdrawals reduce your account value, withdrawals increase the risk of lapse. Loans also increase the risk of lapse.

**Investment Risk/Risk of Loss** 

The policy offers a number of variable investment accounts, as listed in the <u>APPENDIX</u>. The investment performance of any variable investment account may be good or bad, and you may lose money on amounts you invest in a policy. Your account value will increase or decrease based on the investment performance of the variable investment accounts you've chosen. The variable investment accounts cover a broad spectrum of investment styles and strategies, some variable investment accounts are riskier than others. These risks (and potential rewards) are discussed in detail in the prospectuses of the portfolios. The death benefit may also increase or decrease with investment experience.

An investment in a policy is also subject to risks related to John Hancock USA, including that the obligations (including under the fixed investment 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.

**Transfer Risk** 

There is a risk that you will not be able to transfer your account value from one variable investment account to another because of limitations on the dollar amount or frequency of transfers you can make. The limitations on transfers out of the fixed investment option are more restrictive than those that apply to transfers out of variable investment accounts. If you purchase certain supplementary benefit riders you will be subject to special transfer restrictions.

To discourage market timing and disruptive trading activity, we impose restrictions on transfers and reserve the right to change, suspend or terminate telephone, facsimile and internet transaction privileges. While we seek to identify and prevent disruptive trading activity, it may not always be possible to do so. Therefore, no assurance can be given that the restrictions we impose will be successful in preventing all disruptive trading and avoiding harm to long term investors.

**Early Surrender or Withdrawal Risk/ 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. There are surrender charges assessed if you surrender your policy in the first ten policy years. Depending on the account value at the time you are considering surrender, there may be little or no surrender value payable to you.

**Tax Risks** 

In order for you to receive the tax benefits extended to life insurance under the Code, your policy must comply with certain requirements of the Code. We will monitor your policy for compliance with these requirements, but a policy might fail to qualify as life insurance in spite of our monitoring, which can have adverse tax consequences. If the policy were determined not to qualify as life insurance under the Code, you would be taxed on any income or gains those assets generate. In other words, you would lose the value of the so-called "tax-deferred inside build-up" that is a major benefit of life insurance.

There is a tax risk associated with policy loans. Although no part of a loan is treated as income to you when the loan is made unless your policy is a "modified endowment contract," surrender or lapse of the policy with a loan outstanding would result in the loan being treated as a distribution at the time of lapse or surrender. This could result in a considerable tax bill. Under

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certain circumstances involving large amounts of outstanding loans and insured persons of advanced age, you might find yourself having to choose between high premium requirements to keep your policy from lapsing and a significant tax burden if you allow the lapse to occur.

Tax consequences of ownership or receipt of policy proceeds (including surrender or withdrawal proceeds) under Federal, state and local estate, inheritance, gift and other tax laws can vary greatly depending upon the circumstances of each owner or beneficiary. There can also be unfavorable tax consequences on such things as the change of policy ownership or assignment of ownership interests. For these and all the other reasons mentioned above, we recommend you consult with a qualified tax adviser before buying the policy and before exercising certain rights under the policy.

There are tax risks associated with the election of certain supplementary benefit riders (see "*Tax Consequences of Electing Certain Supplementary Benefit Riders*").

**Cybersecurity Risks** 

Our business and operations are highly dependent upon the effective operation of our computer systems and those of our third-party business partners. As a result, there are potential operational and information security risks associated with attack, damage, or unauthorized access to the technologies and systems on which our business depends. These risks include, among other things, the unauthorized access, theft, loss, misuse, corruption, and destruction of data maintained online or digitally, denial of service on websites and other operational disruption, and unauthorized release of confidential customer information. Cyber-attacks affecting us, any third-party administrator, the underlying portfolios, intermediaries, and other affiliated or third-party service providers may adversely affect us and your policy value. For instance, cyber-attacks may interfere with the processing of actions taken on your policy, including the processing of transactions and orders from our website or with the underlying portfolios, impact our ability to calculate unit values or an underlying portfolio to calculate a net asset value, or cause the release and possible destruction of confidential customer or business information. Cybersecurity risks may also impact the issuers of securities in which the underlying portfolios invest, which may cause the portfolios underlying your policy to lose value. While measures have been implemented that are designed to reduce cybersecurity risks, there can be no guarantee or assurance that we, the underlying portfolios, or our service providers will not suffer losses affecting your policy due to cyber-attacks or information security breaches in the future.

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**Additional Information Regarding the Policy** 

**Charges** 

Under the policies, we deduct the charges discussed immediately below under "Deductions from premium payments" and "Deductions from account value." Although the Fee Table in this prospectus provides disclosure about the maximum rates we are permitted to charge, we currently deduct some of the charges at less than those maximum rates. As a general matter, however, we also are permitted to increase or decrease the rate at which we are deducting any charge, provided that the rate can never exceed the maximum set forth in your policy (including in any applicable supplementary benefit rider) and as disclosed in the Fee Table. By contacting the John Hancock USA Service Office or your John Hancock USA representative at any time, you can obtain information about the then-current rate of any charges that are applicable to your particular circumstances and/or obtain a personalized illustration that will demonstrate the manner in which those specific current charges impact the values under your policy.

**Deductions from premium payments.** 

**<u>Tax charge.</u>** A charge to cover state premium taxes we currently expect to pay, on average, and the increased Federal income tax burden that we currently expect will result from receipt of premiums. This charge is currently 3.60% of each premium.

**<u>Premium sales charge.</u>** A charge to help defray our sales costs. The charge is 5% of the premium you pay in all policy years. We currently intend to stop making this charge on premiums received after the 10th policy year, but this is not guaranteed. Because policies of this type were first offered for sale in the year 2001, no termination of this charge has yet occurred.

**<u>Enhanced Cash Value Rider charge.</u>** A charge to cover the cost of this rider, if elected, equal to 4% of premium paid in the first policy year that does not exceed the Target Premium. We may vary the charge where special circumstances result in sales or administrative expenses, mortality risks or other risks that are different from those normally associated with the rider. These include the type of variations discussed under "Reduced charges for eligible classes." No variation in the charge will exceed the maximum stated above.

**Deductions from account value.** 

**<u>Issue charge.</u>** A monthly charge made for the first four policy years to help defray our sales and administrative costs. Part of the charge is a percentage of the "Target Premium" and will be the same regardless of the amount of premium actually paid. The percentage will vary depending upon the proportion of Additional Sum Insured at issue and will never be greater than 1.83%. The Target Premium is determined at the time the policy is issued and appears in the "Policy Specifications" section of the policy. In general, the greater the proportion of Additional Sum Insured at issue, the lower the Target Premium. The other part of the charge is an amount per thousand of Basic Sum Insured at issue. This amount will vary depending upon the proportion of Additional Sum Insured at issue and will never be greater than 5¢. In general, the greater the proportion of Additional Sum Insured at issue, the lower the amount per thousand.

**<u>Maintenance charge.</u>** A monthly charge to help defray our administrative costs. This is a flat dollar charge of up to $12 (currently $9) during all policy years.

**<u>Insurance charge.</u>** A monthly charge for the cost of insurance. To determine the charge, we multiply the amount of insurance for which we are at risk by a cost of insurance rate. The rate is derived from an actuarial table and the ratio of Basic Sum Insured to Additional Sum Insured on the date we issue your policy. The table in your policy will show the maximum cost of insurance rates. The cost of insurance rates that we currently apply are generally less than the maximum rates. We will review the cost of insurance rates at least every 5 years and may change them from time to time. However, those rates will never be more than the maximum rates shown in the policy. The table of rates we use will depend on the insurance risk characteristics and (usually) gender of each of the insured persons, the Total Sum Insured and the length of time the policy has been in effect. Regardless of the table used, cost of insurance rates generally increase each year that you own your policy, as each insured person's attained age increases. (An insured person's "attained age" on any date is his or her age on the birthday nearest that date). The insurance charge is not affected by the death of the first insured person to die. The insurance charge for death benefit Option B will tend to be higher than the insurance charge for death benefit Option A.

**<u>Asset-based risk charge.</u>** A monthly charge for mortality and expense risks we assume. The charge is a percentage of that portion of your account value allocated to variable investment options. The current percentage on the first $25,000 of account value allocated to variable investment options is .05%. We guarantee that this percentage will never exceed .05%. The current

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percentages on the account value allocated to the variable investment options in excess of $25,000 are .05% for policy years 1 through 10, .02% for policy years 11 through 20, and .01% for policy years 21 and thereafter. We guarantee that these percentages will never exceed .05% for all policy years. This charge does not apply to the fixed investment option.

**<u>Contingent deferred sales charge ("CDSC").</u>** A charge we deduct if the policy lapses or is surrendered within the first 14 policy years. We deduct this charge to compensate us for sales expenses that we would otherwise not recover in the event of early lapse or surrender. The charge is a percentage of the premiums we received in the first policy year that do not exceed the first year Target Premium, as shown in the following table:

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| | |
|:---|:---|
| **Policy Year(s)** | **Percentage of**<br> **Premiums Received**<br>|
| 1 | &nbsp;&nbsp; 100% |
| 2 | &nbsp;&nbsp; 92% |
| 3 | &nbsp;&nbsp; 85% |
| 4 | &nbsp;&nbsp; 68% |
| 5 | &nbsp;&nbsp; 44% |
| 6 | &nbsp;&nbsp; 44% |
| 7 | &nbsp;&nbsp; 44% |
| 8 | &nbsp;&nbsp; 43% |
| 9 | &nbsp;&nbsp; 42% |
| 10 | &nbsp;&nbsp; 35% |
| 11 | &nbsp;&nbsp; 28% |
| 12 | &nbsp;&nbsp; 21% |
| 13 | &nbsp;&nbsp; 14% |
| 14 | &nbsp;&nbsp;&nbsp; 7% |
| 15 and later | &nbsp;&nbsp;&nbsp; 0% |

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The percentages may be lower for older issue ages due to certain state law restrictions. A pro-rata portion of the CDSC may also be charged in the case of certain types of withdrawals.

**<u>Partial withdrawal charge.</u>** A $20 charge for each partial withdrawal of account value to compensate us for the administrative expenses of processing the withdrawal.

**<u>Supplementary benefit rider charges.</u>** A charge for any supplementary insurance benefits added to the policy by means of a rider. Maximum charges for the various riders are shown in the Fee Table above under "Transaction Fees" or "Periodic Charges Other than Annual Portfolio Expenses," as appropriate. These charges are also specified in the rider's provisions or the policy specifications. You can obtain information about the specific charges applicable to you from your John Hancock USA representative.

**<u>Loan interest charge.</u>** We will charge interest on any amount you borrow from your policy. 4.75% is the maximum effective annual interest rate we can charge and applies only during policy years 1-10. The effective annual interest rate is 4.50% for policy years 11- 20 and, under our current rules, is 4.0% thereafter. The amount of any loan is transferred from the investment options to a special loan account which earns interest at an effective annual rate of 4.0%. Therefore, the true cost of a loan is the difference between the loan interest we charge and the interest we credit to the special loan account.

**<u>Transfer fee.</u>** We currently do not impose a fee upon transfers of account value among the variable investment accounts, but reserve the right to impose a fee of up to $25 for any transfer beyond an annual limit (which would be 12 or more) to compensate us for the costs of processing these transfers.

**Charges at the portfolio level.** The portfolios must pay investment management fees and other operating expenses from portfolio assets. These fees and expenses are different for each portfolio and reduce the investment return of each portfolio. Therefore, they also indirectly reduce the return you will earn on any variable investment accounts you select. Expenses of the portfolios are not fixed or specified under the terms of the policy, and those expenses may vary from year to year. See <u>APPENDIX</u>.

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**Additional Information About How Certain Policy Charges Work** 

The sales charges help to compensate us for the cost of selling our policies. The amount of the charges in any policy year does not specifically correspond to sales expenses for that year. We expect to recover our total sales expenses over the life of the policies. To the extent that the sales charges do not cover total sales expenses, the sales expenses may be recovered from other sources, including gains from the asset-based risk charge and other gains with respect to the policies, or from our general assets. Similarly, administrative expenses not fully recovered by the maintenance and issue charges may also be recovered from such other sources. We also may make a profit from any charge and can use any such profits to defray any of our expenses under the policies or for any other proper corporate purpose.

Unless we agree otherwise or you do not have sufficient funds in any fixed investment option, or variable investment accounts, we deduct the monthly deductions from your policy's variable investment accounts, and any fixed investment option in proportion to the amount of account value you have in each of those accounts.

**Other Charges We Could Impose in the Future** 

Except for the tax charge deducted from premium payments, we currently make no specific charge for our Federal income taxes. However, if we incur, or expect to incur, income taxes attributable to any subaccount of the Separate Account or this class of policies in future years, we reserve the right to make a charge for such taxes. Any such charge would reduce what you earn on any affected accounts. However, we expect that no such charge will be necessary.

A portion of the premium charge is used to cover premium taxes.

Our right to increase any charge up to the maximum rate shown in the policy specifications applies to then outstanding policies, as well as to policies issued after the increase.

**Commissions Paid to Dealers** 

We pay compensation to broker-dealers for the promotion and sale of the policies, and for providing ongoing service in relation to policies that have already been purchased. We may also pay a limited number of broker-dealers commissions or overrides to "wholesale" the policies; that is, to provide marketing support and training services to the broker-dealer firms that do the actual selling. The compensation paid to broker-dealers may vary depending on the selling agreement. The compensation paid is not expected to exceed 112.75% of the target premium paid in the first policy year, 8% of the target premium paid in years 2-4, and 3% of the target premium paid in years 5 through 10. Compensation on any premium paid in excess of target premium in any year will not exceed 4%. This compensation schedule is exclusive of additional compensation and revenue sharing and inclusive of overrides and expense allowances paid to broker-dealers for sale of the policies (not including riders). Under their own arrangements, broker-dealers determine how much of any amounts received from us is to be paid to their registered representatives.

To the extent permitted by SEC and Financial Industry Regulatory Authority ("FINRA") rules and other applicable laws and regulations, we may enter into special compensation or reimbursement arrangements ("revenue sharing"), either directly or through JH Distributors, with selected broker-dealers and other financial intermediaries. In consideration of these arrangements, a firm may feature our policy in its sales system, give us preferential access to sales staff, or allow JH Distributors or its affiliates to participate in conferences, seminars or other programs attended by the firm's sales force. We hope to benefit from these revenue sharing and other arrangements through increased sales of our policies.

Selling broker-dealers and other financial intermediaries may receive, directly or indirectly, additional payments in the form of cash, other compensation or reimbursement. These additional compensation or reimbursement arrangements may include, for example, payments in connection with the firm's "due diligence" examination of the policies, payments for providing conferences or seminars, sales or training programs for invited registered representatives and other employees, payment for travel expenses, including lodging, incurred by registered representatives and other employees for such seminars or training programs, seminars for the public or client seminars, advertising and sales campaigns regarding the policies, payments to assist a firm in connection with its systems, operations and marketing expenses and/or other events or activities sponsored by the firms. We may contribute to, as well as sponsor, various educational programs, sales promotions, and/or other contests in which participating firms and their sales persons may receive gifts and prizes such as merchandise, cash or other rewards as may be permitted under FINRA rules and other applicable laws and regulations.

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You should contact your registered representative for more information on compensation arrangements in connection with your purchase of a policy. We provide additional information on special compensation or reimbursement arrangements involving broker- dealers and other financial intermediaries in the <u>Statement of Additional Information (the "SAI")</u>.

**Lapse and Reinstatement** 

**Lapse.** Either your entire policy or the Additional Sum Insured portion of your Total Sum Insured can terminate (i.e., "lapse") for failure to pay charges due under the policy. During the first 5 policy years, there can be no lapse of any kind if the guaranteed death benefit feature is in effect. If the guaranteed death benefit feature is in effect after the 5th policy year, the Additional Sum Insured and any additional benefit riders (unless otherwise stated therein) will be in default and may lapse if the policy's surrender value is not sufficient to pay the charges on a grace period testing date. If the guaranteed death benefit feature is not in effect, the entire policy will be in default and may lapse if the policy's surrender value is not sufficient to pay the charges on a grace period testing date. In either case, we will notify you of how much you will need to pay to keep the Additional Sum Insured or the policy in force. You will have a 61 day "grace period" to make these payments. If you pay these amounts during the grace period, you may also continue the guaranteed death benefit feature by paying the necessary amount of GDB Premiums. If you don't pay at least the required amount by the end of the grace period, the Additional Sum Insured and any additional benefit riders (unless otherwise stated therein) or your policy, as the case may be, will lapse. If your policy lapses, all coverage under the policy will cease.

**Reinstatement.** Even if the policy or the Additional Sum Insured terminates in this way, you can still reactivate (i.e., "reinstate") it within 3 years from the beginning of the grace period. You will have to provide evidence that the insured persons still meet our requirements for issuing coverage. You will also have to pay a minimum amount of premium and be subject to the other terms and conditions applicable to reinstatements, as specified in the policy. Reinstatement of a lapsed policy or Additional Sum Insured will take effect on the monthly deduction date on or next following the date we approve the reinstatement request.

If the guaranteed death benefit is not in effect and the last surviving insured person dies during the grace period, we will deduct any unpaid monthly charges from the death benefit. During a grace period, you cannot make a partial withdrawal or policy loan.

Generally, the suicide exclusion and incontestability provision will apply from the effective date of the reinstatement. Your policy will indicate if this is not the case. A surrendered policy cannot be reinstated.

**Variations** 

Insurance laws and regulations apply to us in every state in which our policies are sold. As a result, terms and conditions of your insurance coverage may vary depending on where you purchase a policy. Specific variations from the information appearing in this prospectus which are required due to insurance laws and regulations are contained in your policy, or in riders or endorsements attached to your policy. You should refer to your policy for these state specific features.

We may vary the charges and other terms of our policies where special circumstances result in sales or administrative expenses, mortality risks or other risks that are different from those normally associated with the policies, subject to the maximum charges described in this prospectus. For example, with respect to policies issued to a class of associated individuals or to a trustee, employer or similar entity where we anticipate that the sales to the members of the class will result in lower than normal sales or administrative expenses, lower taxes or lower risks to us, we may offer the policies with reduced charges or with additional or enhanced features or benefits. We will make these programs available in accordance with our established administrative procedures in effect at the time of the application for a policy. The factors we consider in determining the eligibility of a particular group for such a program are: (i) the nature of the association and its organizational framework; (ii) the method by which sales will be made to the members of the class; (iii) the facility with which premiums will be collected from the associated individuals and the association's capabilities with respect to administrative tasks; (iv) the anticipated lapse and surrender rates of the policies; (v) the size of the class of associated individuals and the number of years it has been in existence; (vi) the aggregate amount of premiums paid; and (vii) any other such circumstances which result in a reduction in sales or administrative expenses, lower taxes or lower risks. Any reduction in charges or feature or benefit enhancement will be reasonable and will apply uniformly to all prospective policy investors in the class and will not unfairly discriminate against any owner.

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**Policy or Separate Account Changes** 

We reserve the right to make any changes in the policy necessary to ensure the policy is within the definition of life insurance under the Federal tax laws and is in compliance with any changes in Federal or state tax laws.

In our policies, we reserve the right to make certain changes if they would serve the best interests of policy owners or would be appropriate in carrying out the purposes of the policies. These changes include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes necessary to comply with or obtain or continue exemptions under the Federal securities laws

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adding or removing fixed investment options, or variable investment accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Combining variable investment accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Closing the variable investment accounts to new allocations or transfers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes in the form of organization of any separate account

Any such changes will be made only to the extent permitted by applicable laws and only in the manner permitted by such laws. When required by law, we will obtain your approval of the changes and the approval of any appropriate regulatory authority.

We also reserve the right, subject to compliance with applicable law, including approval of owners if so required, (1) to transfer assets determined by John Hancock USA to be associated with the class of policies to which your policy belongs from the Separate Account to another separate account or subaccount, (2) to deregister the Separate Account under the 1940 Act, (3) to substitute for the fund shares held by a subaccount any other investment permitted by law, and (4) to take any action necessary to comply with or obtain any exemptions from the 1940 Act. Any such change will be made only if, in our judgment, the change would best serve the interests of owners of policies in your policy class or would be appropriate in carrying out the purposes of such policies. We would notify owners of any of the foregoing changes and to the extent legally required, obtain approval of affected owners and any regulatory body prior thereto. Such notice and approval, however, may not be legally required in all cases.

**When We Pay Policy Proceeds** 

We will ordinarily pay any death benefit, withdrawal, surrender value or loan within seven days after we receive the last required form or request (and, with respect to the death benefit, any other documentation that may be required). You may choose to receive proceeds from the policy as a single sum. If we do not have information about the desired manner of payment within seven days after the date we receive documentation of the last surviving insured person's death, we will pay the proceeds as a single sum. Alternatively, you can elect to have proceeds of $1,000 or more applied to any of the other payment options we may offer at the time. You cannot choose an option if the monthly payments under the option would be less than $50. We will issue a supplementary agreement when the proceeds are applied to any alternative payment option. That agreement will spell out terms of the option in full. Please contact our Service Office for more information.

We reserve the right to defer payment of that portion of your account value that is attributable to a premium payment made by check for a reasonable period of time (not to exceed fifteen days) to allow the check to clear the banking system. We will not delay payment longer than necessary for us to verify a check has cleared the banking system.

We reserve the right to defer payment of any death benefit, loan or other distribution that is derived from a variable investment account if (1) the NYSE is closed (other than customary weekend and holiday closings) or trading on the NYSE is restricted; (2) an emergency exists, as determined by the SEC, as a result of which disposal of securities is not reasonably practicable or it is not reasonably practicable to fairly determine the account value; or (3) the SEC by order permits the delay for the protection of owners.

Transfers and allocations of account value among the variable investment accounts may also be postponed under these circumstances. If we need to defer calculation of separate account values for any of the foregoing reasons, all delayed transactions will be processed at the next values that we do compute.

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**When the Younger Insured Person Reaches 100** 

If the policy is still in effect on the policy anniversary nearest the 100th birthday of the younger of the two insured persons, the following things will happen whether or not the younger insured person is actually alive on that policy anniversary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We will stop deducting any monthly charges (other than the asset-based risk charge) and will stop accepting any premium payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The death benefit will become equal to the Basic Sum Insured plus a percentage of the account value on the date of death of the last surviving insured person. The percentage will be equal to the ratio of Additional Sum Insured to Total Sum Insured on the day immediately preceding the age 100 adjustment date. Death benefit Options A and B (as described above) and the guaranteed minimum death benefit feature will all cease to apply.

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**General Description of Registrant, Depositor and Portfolios** 

**Depositor** 

Your policy is issued by John Hancock Life Insurance Company (U.S.A.), 200 Berkeley St., Boston, MA 02116.

**Registrant** 

The "registrant" of the policies with the SEC is the John Hancock Variable Life Account UV, a separate account operated by us under Michigan law (the "Separate Account"). Each subaccount of the Separate Account invests its assets in one of the portfolios shown in the <u>APPENDIX</u>.

The Separate Account's assets are our property. Each policy provides that amounts we hold in the Separate Account pursuant to the policies cannot be reached by any other persons who may have claims against us and can't be used to pay any obligations of John Hancock USA other than those arising out of policies that use the Separate Account. Income, gains and losses credited to, or charged against, the Separate Account reflect the Separate Account's own investment experience and not the investment experience of John Hancock USA's other assets. All obligations under the policies (including under any fixed investment option), guarantees, or benefits are obligations of John Hancock USA and are subject to its claims paying ability.

We normally compute account values for each business day as of the close of the NYSE on that day (usually 4:00 p.m. Eastern time). In case of emergency or other disruption resulting in the NYSE closing at a time other than the regularly scheduled close, the close of our business day may be the regularly scheduled close of the NYSE or another time permitted by the SEC and applicable regulations. Over time, the amount you've invested in any variable investment account will increase or decrease the same as if you had invested the same amount directly in the corresponding portfolio and had reinvested all of that portfolio's dividends and distributions in additional portfolio shares, except that we will deduct certain additional charges which will reduce your account value. We describe these charges under "Charges at the portfolio level." For certain policy years, we also will apply a policy credit to your account value.

**Portfolios** 

Information regarding each portfolio, including (i) its name; (ii) its investment objective; (iii) its investment adviser and any sub- investment adviser; (iv) current expenses; and (v) performance is available in the <u>APPENDIX</u> to this prospectus. Each portfolio has issued a prospectus that contains more detailed information about the portfolio. You can obtain the prospectus (hard copy or electronic) and additional information about any portfolio, at the addresses or phone number set forth in the first paragraph of the <u>APPENDIX</u>. On each business day, shares of each series are purchased or redeemed by us for each subaccount based on, among other things, the amount of net premiums allocated to the subaccount, distributions reinvested, and transfers to, from and among subaccounts, all to be effected as of that date. Such purchases and redemptions are effected at each series fund's net asset value per share determined for that same date. A "business day" is any date on which the NYSE is open for trading.

We will purchase and redeem series fund shares for the Separate Account at their net asset value without any sales or redemption charges. Shares of a series fund represent an interest in one of the funds of the series fund which corresponds to a subaccount of the Separate Account. Any dividend or capital gains distributions received by the Separate Account will be reinvested in shares of that same fund at their net asset value as of the dates paid. We normally calculate the unit values for each variable investment account once every business day as of the close of that day, usually 4:00 p.m. Eastern time. Sales and redemptions within any variable investment account will be transacted using the unit value calculated as follows after we receive your request either in writing or other form that we specify. If we receive your request before the close of our business day, we'll use the unit value calculated as of the end of that business day. If we receive your request at or after the close of our business day, we'll use the unit value calculated as of the end of the next business day. If a scheduled transaction falls on a day that is not a business day, we'll process it as of the end of the next business day.

**Voting Portfolio Shares** 

We will vote all portfolio shares that we hold in the Separate Account for policy owners in proportion to instructions timely received by us from policy owners from all our Separate Accounts that are registered with the SEC under the 1940 Act. We will vote all portfolio shares that we otherwise are entitled to vote (including our own shares and other shares for which we receive no instructions) on any matter in proportion to the instructions timely received by us and any affiliated insurance

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companies with respect to the matter from policy owners in separate accounts of these insurance companies that are registered with the SEC under the 1940 Act. The effect of this proportional voting is that a small number of policy owners can determine the outcome of a vote. The voting privileges described above reflect our understanding of applicable Federal securities law requirements. To the extent that applicable law, regulations or interpretations change to eliminate or restrict the need for such voting privileges, we reserve the right to proceed in accordance with any such revised requirements.

We will determine the number of portfolio shares for which voting instructions may be given not more than 90 days prior to the meeting. Proxy material will be distributed to each person having the voting interest under the policy together with appropriate forms for giving voting instructions.

We determine the number of a portfolio's shares held in a subaccount attributable to each owner by dividing the amount of a policy's variable investment account value held in the subaccount by the net asset value of one share in the series fund. Fractional votes will be counted. We determine the number of shares as to which the owner may give instructions as of the record date for a series fund's meeting. Owners of policies may give instructions regarding the election of the Board of Trustees or Board of Directors of a series fund, ratification of the selection of independent auditors, approval of series fund investment advisory agreements and other matters requiring a shareholder vote.

**Legal Proceedings** 

There are no legal proceedings to which the Depositor, the Separate Account or the principal underwriter is a party or to which the assets of the Separate Account are subject that are likely to have a material adverse effect on the Separate Account or the ability of the principal underwriter to perform its contract with the Separate Account or of the Depositor to meet its obligations under the policy.

**Financial Statements** 

The financial statements of the Separate Account, as well as the consolidated financial statements of John Hancock USA are in the SAI. The financial statements of John Hancock USA have relevance for the policies only to the extent that they bear upon its ability to meet its obligations under the policies. You may request an SAI by contacting our Service Office at a phone number or address shown on the back cover of this prospectus.

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**Appendix: Portfolios Available Under The Policy** 

The following is a list of portfolios available under the policies. More information about the portfolios is available in the prospectuses for the portfolios, which may be amended from time to time. You can find the prospectuses and other information about the portfolios at dfinview.com/JohnHancock/PUFT/VEPEdge_UV. You can also request this information at no cost by calling 1-800-732-5543 or by sending an email request to life_and_annuities_prospectuses@jhancock.com.

The current expenses and performance information below reflect fees and expenses of the portfolios, but do not reflect the other fees and expenses that your policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each portfolio's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To approximate the aggregate total return <br> of a broad-based U.S. domestic equity <br> market index.<br>| 500 Index Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.25%<sup>\*</sup> | 17.57 | 14.12 | 14.52 |
| To seek income and capital appreciation. | Active Bond Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.65%<sup>\*</sup> | &nbsp;&nbsp; 7.56 | &nbsp;&nbsp; 0.09 | &nbsp;&nbsp; 2.67 |
| To seek to provide high total return <br> (including income and capital gains) <br> consistent with preservation of capital <br> over the long term.<br>| American Asset Allocation Trust - Series <br> I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91%<sup>\*</sup> | 15.39 | &nbsp;&nbsp; 8.57 | &nbsp;&nbsp; 9.37 |
| To seek to provide long-term growth of <br> capital.<br>| American Global Growth Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.07%<sup>\*</sup> | 21.17 | &nbsp;&nbsp; 7.81 | 11.74 |
| To seek to provide growth of capital. | American Growth Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.95%<sup>\*</sup> | 19.81 | 12.95 | 17.53 |
| To seek to provide long-term growth of <br> capital and income.<br>| American Growth-Income Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91% | 17.65 | 13.48 | 13.50 |
| To provide long-term growth of capital. <br> Current income is a secondary objective.<br>| Blue Chip Growth Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.75%<sup>\*</sup> | 18.57 | 11.76 | 15.62 |
| To seek long-term capital appreciation. | Capital Appreciation Value Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.88%<sup>\*</sup> | 11.62 | &nbsp;&nbsp; 9.11 | 10.95 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek total return consisting of income <br> and capital appreciation.<br>| Core Bond Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Allspring Global Investments, LLC*<br>| 0.62%<sup>\*</sup> | &nbsp;&nbsp; 7.03 | -0.52 | &nbsp;&nbsp; 1.96 |
| To seek long-term capital appreciation. | Disciplined Value Emerging Markets <br> Equity Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.91%<sup>\*</sup> | 32.00 | &nbsp;&nbsp; 7.83 | &nbsp;&nbsp; 8.56 |
| To seek long-term growth of capital. | Disciplined Value International Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.79% | 41.02 | 12.70 | &nbsp;&nbsp; 8.97 |
| To provide substantial dividend income <br> and also long-term growth of capital.<br>| Equity Income Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.73%<sup>\*</sup> | 14.42 | 11.15 | 10.52 |
| To seek growth of capital. | Financial Industries Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.88%<sup>\*</sup> | 12.11 | 11.49 | 10.60 |
| To seek long-term growth of capital. | Fundamental All Cap Core Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.71%<sup>\*</sup> | &nbsp;&nbsp; 4.84 | 11.79 | 13.80 |
| To seek long-term capital appreciation. | Fundamental Large Cap Value Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.72%<sup>\*</sup> | 16.01 | 14.96 | 12.64 |
| To seek long-term capital appreciation. | Global Equity Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.88%<sup>\*</sup> | 18.20 | 10.17 | &nbsp;&nbsp; 8.39 |
| To seek long-term capital appreciation. | Health Sciences Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.99%<sup>\*</sup> | 19.53 | &nbsp;&nbsp; 4.19 | &nbsp;&nbsp; 8.75 |
| The fund seeks high current income. <br> Capital appreciation is a secondary goal.<br>| High Yield Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.69%<sup>\*</sup> | &nbsp;&nbsp; 7.45 | &nbsp;&nbsp; 4.02 | &nbsp;&nbsp; 6.14 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek to track the performance of a <br> broad-based equity index of foreign <br> companies primarily in developed <br> countries and, to a lesser extent, in <br> emerging markets.<br>| International Equity Index Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*SSGA Funds Management, Inc.*<br>| 0.34%<sup>\*</sup> | 32.57 | &nbsp;&nbsp; 7.68 | &nbsp;&nbsp; 8.33 |
| To seek long-term capital appreciation. | International Small Company Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>| 1.01%<sup>\*</sup> | 35.01 | &nbsp;&nbsp; 8.04 | &nbsp;&nbsp; 7.85 |
| To provide a high level of current income <br> consistent with the maintenance of <br> principal and liquidity.<br>| Investment Quality Bond Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.72%<sup>\*</sup> | &nbsp;&nbsp; 6.94 | -0.44 | &nbsp;&nbsp; 2.41 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on growth of <br> capital.<br>| Lifestyle Balanced Portfolio - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.74%<sup>\*</sup> | 14.06 | &nbsp;&nbsp; 5.49 | &nbsp;&nbsp; 7.07 |
| To seek a high level of current income <br> with some consideration given to growth <br> of capital.<br>| Lifestyle Conservative Portfolio - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.71%<sup>\*</sup> | 10.07 | &nbsp;&nbsp; 2.02 | &nbsp;&nbsp; 4.20 |
| To seek long-term growth of capital. <br> Current income is also a consideration.<br>| Lifestyle Growth Portfolio - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.76%<sup>\*</sup> | 16.84 | &nbsp;&nbsp; 7.86 | &nbsp;&nbsp; 8.96 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on income.<br>| Lifestyle Moderate Portfolio - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.73%<sup>\*</sup> | 12.69 | &nbsp;&nbsp; 4.30 | &nbsp;&nbsp; 6.10 |
| To seek growth of capital and current <br> income while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Balanced Portfolio - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.87% | &nbsp;&nbsp; 9.87 | &nbsp;&nbsp; 4.69 | &nbsp;&nbsp; 5.58 |
| To seek current income and growth of <br> capital, while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Conservative Portfolio <br> - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.85% | &nbsp;&nbsp; 8.91 | &nbsp;&nbsp; 1.00 | &nbsp;&nbsp; 3.14 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek long term growth of capital while <br> seeking to both manage the volatility of <br> return and limit the magnitude of <br> portfolio losses.<br>| Managed Volatility Growth Portfolio - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.91% | 10.89 | &nbsp;&nbsp; 6.32 | &nbsp;&nbsp; 6.28 |
| To seek current income and growth of <br> capital while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Moderate Portfolio - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.87% | &nbsp;&nbsp; 9.34 | &nbsp;&nbsp; 3.78 | &nbsp;&nbsp; 5.11 |
| To seek long-term growth of capital. | Mid Cap Growth Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.88%<sup>\*</sup> | &nbsp;&nbsp; 6.17 | &nbsp;&nbsp; 1.36 | 11.75 |
| Seeks to approximate the aggregate total <br> return of a mid cap U.S. domestic equity <br> market index.<br>| Mid Cap Index Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.41%<sup>\*</sup> | &nbsp;&nbsp; 7.03 | &nbsp;&nbsp; 8.68 | 10.29 |
| To seek long-term capital appreciation. | Mid Value Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.98%<sup>\*</sup> | &nbsp;&nbsp; 5.87 | 11.69 | 10.91 |
| To obtain maximum current income <br> consistent with preservation of principal <br> and liquidity.<br>| Money Market Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.28%<sup>\*</sup> | &nbsp;&nbsp; 4.07 | &nbsp;&nbsp; 3.03 | &nbsp;&nbsp; 1.97 |
| To seek maximum total return, consistent <br> with preservation of capital and prudent <br> investment management.<br>| Opportunistic Fixed Income Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.92%<sup>\*</sup> | &nbsp;&nbsp; 9.60 | &nbsp;&nbsp; 0.62 | &nbsp;&nbsp; 3.25 |
| To seek to achieve a combination of long-<br> term capital appreciation and current <br> income.<br>| Real Estate Securities Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.76%<sup>\*</sup> | &nbsp;&nbsp; 0.63 | &nbsp;&nbsp; 5.77 | &nbsp;&nbsp; 5.91 |
| To seek long-term growth of capital. <br> Current income is incidental to the fund's <br> objective.<br>| Science & Technology Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.99%<sup>\*</sup> | 23.64 | 13.03 | 19.84 |
| To seek income and capital appreciation. | Select Bond Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.60%<sup>\*</sup> | &nbsp;&nbsp; 7.52 | -0.27 | &nbsp;&nbsp; 2.26 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek a high level of current income <br> consistent with preservation of capital. <br> Maintaining a stable share price is a <br> secondary goal.<br>| Short Term Government Income Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.65%<sup>\*</sup> | &nbsp;&nbsp; 5.09 | &nbsp;&nbsp; 0.67 | &nbsp;&nbsp; 1.25 |
| To seek long-term capital appreciation. | Small Cap Core Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.90%<sup>\*</sup> | &nbsp;&nbsp; 0.11 | &nbsp;&nbsp; 6.53 | &nbsp;&nbsp; 6.10 |
| Seeks to approximate the aggregate total <br> return of a small cap U.S. domestic equity <br> market index.<br>| Small Cap Index Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.48%<sup>\*</sup> | 12.42 | &nbsp;&nbsp; 5.72 | &nbsp;&nbsp; 9.24 |
| To seek long-term capital appreciation. | Small Cap Opportunities Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>0.87%<sup>\*</sup> | &nbsp;&nbsp; 9.22 | 10.59 | 10.09 |
| To seek long-term capital appreciation. | Small Cap Stock Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.08%<sup>\*</sup> | 12.70 | &nbsp;&nbsp; 0.39 | 10.12 |
| To seek long-term growth of capital. | Small Company Value Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.16%<sup>\*</sup> | &nbsp;&nbsp; 7.11 | &nbsp;&nbsp; 6.02 | &nbsp;&nbsp; 8.98 |
| To seek a high level of current income. | Strategic Income Opportunities Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.74%<sup>\*</sup> | &nbsp;&nbsp; 7.51 | &nbsp;&nbsp; 1.61 | &nbsp;&nbsp; 3.26 |
| To seek to track the performance of the <br> Bloomberg U.S. Aggregate Bond Index <br> (the "Bloomberg Index") (which <br> represents the U.S. investment grade bond <br> market).<br>| Total Bond Market Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.25%<sup>\*</sup> | &nbsp;&nbsp; 6.91 | -0.65 | &nbsp;&nbsp; 1.75 |
| Seeks to approximate the aggregate total <br> return of a broad U.S. domestic equity <br> market index.<br>| Total Stock Market Index Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.51%<sup>\*</sup> | 16.68 | 12.42 | 13.73 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek long-term growth of capital. | U.S. Growth Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.62%<sup>\*</sup> | 20.76 | 11.77 | 17.13 |
| The fund seeks a high level of current <br> income consistent with the maintenance <br> of liquidity and the preservation of <br> capital.<br>| Ultra Short Term Bond Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.62%<sup>\*</sup> | &nbsp;&nbsp; 4.34 | &nbsp;&nbsp; 2.52 | &nbsp;&nbsp; 2.01 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek to provide capital appreciation.<br> TOPS<sup>®</sup> Aggressive ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.54% | 18.83 | 9.41 | 10.43 |
| To seek to provide income and capital <br> appreciation.<br>TOPS<sup>®</sup> Balanced ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.54% | 12.85 | 5.52 | &nbsp;&nbsp; 6.39 |
| To seek to preserve capital and provide <br> moderate income and moderate capital <br> appreciation.<br>TOPS<sup>®</sup> Conservative ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.56% | 10.15 | 4.34 | &nbsp;&nbsp; 4.99 |
| To seek to provide capital appreciation.<br> TOPS<sup>®</sup> Moderate ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.53% | 15.13 | 6.92 | &nbsp;&nbsp; 7.99 |
| To seek to provide capital appreciation.<br> TOPS<sup>®</sup> Moderately Aggressive ETF - <br> Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.54% | 17.99 | 8.56 | &nbsp;&nbsp; 9.53 |

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*\* This portfolio's annual expenses reflect temporary fee or expense waivers or reimbursements.*

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **<u>JOHN HANCOCK USA SERVICE OFFICE</u>** | **<u>JOHN HANCOCK USA SERVICE OFFICE</u>** |
| **<u>Overnight Express Delivery</u>** | **<u>Mail Delivery</u>** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Post Issue – Specialty Products <br> John Hancock Insurance Company <br> 372 University Ave, Suite #55979 <br> Westwood, MA 02090<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Post Issue – Specialty Products <br> John Hancock Insurance Company <br> PO Box 55979 <br> Boston, MA 02205<br>|
| **<u>Phone:</u>** |  |
| 1-800-732-5543 |  |

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In addition to this prospectus, John Hancock USA has filed with the SEC an SAI that contains additional information about John Hancock USA and the Separate Account, including information on our history, services provided to the Separate Account, and the audited financial statements for John Hancock USA and the Separate Account. The SAI is incorporated by reference into this prospectus and personalized illustrations of death benefits, account values and surrender values are available, without charge, upon request. You may obtain the personalized illustrations from your John Hancock USA representative. You can view the SAI and other information about your Policy at dfinview.com/JohnHancock/PUFT/VEPEdge_UV. The SAI may also be obtained, without charge, by contacting the John Hancock USA Service Office. You should also contact the John Hancock USA Service Office to request any other information about your policy or to make any inquiries about its operation.

Reports and other information about the Separate Account are available on the SEC's Internet website at **http://www.sec.gov**. Copies of such information may be obtained, upon payment of a duplicating fee, by submitting an electronic request to the following email address: publicinfo@sec.gov.

1940 Act File No. 811-7766—1933 Act File No. 333-164164 <br>EDGAR Contract Identifier No. C000085994

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**Supplement Dated April 27, 2026** <br>**TO** <br>**Prospectuses Dated April 27, 2026**

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This Supplement is to be distributed with certain prospectuses for variable life insurance policies of John Hancock Life Insurance Company (U.S.A.) or John Hancock Life Insurance Company of New York.

The prospectuses involved bear the title "Accumulation SVUL," "Accumulation Survivorship Variable Universal Life 2020," "Accumulation Variable Universal Life," "Accumulation Variable Universal Life 08," "Accumulation Variable Universal Life 2014," "Accumulation Variable Universal Life 2019," "Accumulation Variable Universal Life 2021," "Accumulation Variable Universal Life 2021 Core," "Accumulation Variable Universal Life 2025," "Accumulation Variable Universal Life 2025 Employer Market," "Corporate VUL," "Corporate VUL 05," "Corporate VUL 08," "Medallion Variable Universal Life Plus," "Medallion Variable Universal Life Edge," "Medallion Variable Universal Life Edge II," "Medallion Executive Variable Life," "Medallion Executive Variable Life II," "Medallion Executive Variable Life III," "Performance Executive Variable Life," "Performance Survivorship Variable Universal Life", "Protection SVUL", "Protection Variable Universal Life," "Protection Variable Universal Life 09," "Protection Variable Universal Life 2012," Protection Variable Universal Life 2017," "Protection Variable Universal Life 2021," "Protection Variable Universal Life 2023," "Simplified Life," "Variable Estate Protection," "Variable Estate Protection Plus," and "Variable Estate Protection Edge." We refer to these prospectuses as the "Product Prospectuses."

This supplement will be used only with policies sold through the product prospectuses and through registered representatives affiliated with the M Financial Group.

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This Supplement is accompanied with a current prospectus for the below funds that contains detailed information about the funds. Be sure to read that prospectus before selecting any of the four additional variable investment options/investment accounts.

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**AMENDMENT TO PRODUCT PROSPECTUSES**

The table in the Appendix of each product prospectus is amended to include the following four additional variable investment options/investment accounts:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25)(%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25)(%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25)(%)** |
| **Investment Objective** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| Seeks to provide maximum capital <br> appreciation. <br>| M Capital Appreciation Fund – Series M <br> M Financial Investment Advisers, Inc./Frontier <br> Capital Management Company, LLC<br>| &nbsp;&nbsp; 0.95% | 18.06 | &nbsp;&nbsp; 9.10 | 11.24 |
| Seeks to provide long-term capital <br> appreciation. <br>| M International Equity Fund – Series M <br> M Financial Investment Advisers, <br> Inc./Dimensional Fund Advisors LP<br>| &nbsp;&nbsp; 0.62% | 32.44 | &nbsp;&nbsp; 8.77 | &nbsp;&nbsp; 6.99 |
| Seeks to provide long-term capital <br> appreciation. <br>| M Large Cap Growth Fund – Series M <br> M Financial Investment Advisers, Inc./Federated <br> MDTA LLC.<br>| &nbsp;&nbsp; 0.53% | 19.61 | 12.43 | 15.06 |
| Seeks to provide long-term capital <br> appreciation. <br>| M Large Cap Value Fund – Series M<br> M Financial Investment Advisers, Inc./Brandywine <br> Global Investment Management, LLC<br>| &nbsp;&nbsp; 0.60% | 17.31 | 13.92 | &nbsp;&nbsp; 9.61 |

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*\* The portfolios' annual expenses may reflect temporary fee or expense waivers or reimbursements.*

VL M SUPP (4/2026)

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John Hancock Variable Life Account UV

**John Hancock Life Insurance Company (U.S.A.)** <br>**("John Hancock USA")** 

Flexible Premium Variable Universal Survivorship Life Insurance Policy

PERFORMANCE SURVIVORSHIP VARIABLE UNIVERSAL LIFE

Prospectus dated April 27, 2026

You may choose to allocate your account value to one or more of the options that the policies make available for that purpose. These options include our "variable investment accounts," where the account value will vary directly with the positive or negative investment experience of underlying investment "portfolios." To provide you with that investment experience, amounts that you allocate to a variable investment account are held in a corresponding "subaccount" of John Hancock Variable Life Account UV ("Separate Account"), and the subaccount invests those amounts exclusively in one of the portfolios.

You may also allocate account value to a "fixed investment option" that the policy makes available. This prospectus provides detailed information about all such options to which you can allocate your account value.

Please note that the Securities and Exchange Commission ("SEC") has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Additional information about certain investment products, including variable life insurance, has been prepared by the SEC's staff and is available at Investor.gov.

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**Table of Contents** 

---

| | |
|:---|:---|
| **[important Information you should consider about the policy](#xx_b5a2358a-192a-422b-a0ae-888b35fc1477_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| **[Overview of The Policy](#xx_cb0bd510-d1fa-400c-8cd4-17fb7709609d_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Purpose](#xx_cb0bd510-d1fa-400c-8cd4-17fb7709609d_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Premiums](#xx_cb0bd510-d1fa-400c-8cd4-17fb7709609d_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Policy Features](#xx_cb0bd510-d1fa-400c-8cd4-17fb7709609d_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Death benefit.](#xx_cb0bd510-d1fa-400c-8cd4-17fb7709609d_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Surrender of the policy.](#xx_cb0bd510-d1fa-400c-8cd4-17fb7709609d_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Partial Withdrawals.](#xx_cb0bd510-d1fa-400c-8cd4-17fb7709609d_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Policy loans.](#xx_cb0bd510-d1fa-400c-8cd4-17fb7709609d_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Supplementary benefit riders.](#xx_cb0bd510-d1fa-400c-8cd4-17fb7709609d_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Fee Table](#xx_579e95e7-b46c-48cf-941a-2fca46b11648_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| **[General Description of the Policy](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| *[Policy Rights](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| **[Owner and beneficiary.](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| *[Allocation of Premiums](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| *[Transfers of Account Value](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| **[Limitations on transfers to or from a variable investment account.](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Frequent transfers among variable investment accounts.](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Limitations on transfers out of the fixed investment option.](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Potential additional limitations.](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Dollar cost averaging and asset allocation balancer programs.](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| *[General Account](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[The fixed investment option.](#xx_4faf56b0-0c71-4763-98fb-f66c36e01ac4_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Premiums](#xx_0b00a855-9147-441a-bac8-0932f3d664fa_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Purchase Procedures](#xx_0b00a855-9147-441a-bac8-0932f3d664fa_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Premium Amount](#xx_0b00a855-9147-441a-bac8-0932f3d664fa_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Premium Due Dates](#xx_0b00a855-9147-441a-bac8-0932f3d664fa_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Guaranteed Death Benefit Feature](#xx_0b00a855-9147-441a-bac8-0932f3d664fa_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| **[Standard Death Benefits](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| *[Standard Death Benefits](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Effectiveness and Policy Date.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Temporary insurance coverage.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Option A and Option B.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Basic Sum Insured and Additional Sum Insured.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Minimum insurance amount.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Calculation and payment of the death benefit.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Changes you may make.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| *[Additional Information About Standard Death Benefits](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Requesting an increase or decrease in coverage.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Change of death benefit option.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Tax consequences of coverage changes.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Limitations on payment of death benefit.](#xx_d4a702ba-9741-4a9e-9a60-786fbc5bf01b_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Surrenders and Partial Withdrawals](#xx_5fa51ea8-11b3-4b58-88c4-3073b6e8c30b_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| *[Surrender and Partial Withdrawals](#xx_5fa51ea8-11b3-4b58-88c4-3073b6e8c30b_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| *[Additional Information Regarding Surrender and Withdrawal](#xx_5fa51ea8-11b3-4b58-88c4-3073b6e8c30b_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |

---

------

---

| | |
|:---|:---|
| **[Loans](#xx_b90965a0-355c-46e6-941d-2f9aac4e6543_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Availability of Loans, Limitations and Interest](#xx_b90965a0-355c-46e6-941d-2f9aac4e6543_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Effect of Loans on Cash Value and Death Benefit](#xx_b90965a0-355c-46e6-941d-2f9aac4e6543_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Other Effects of Loans](#xx_b90965a0-355c-46e6-941d-2f9aac4e6543_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Loan Repayments](#xx_b90965a0-355c-46e6-941d-2f9aac4e6543_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| **[Other Benefits Available Under the Policy](#xx_ed5732b6-848b-410d-a3a3-13af4755e89a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[More About Certain Optional Benefits](#xx_096953cd-f2a4-49f4-b5db-47e6d6184924_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Enhanced Cash Value Rider.](#xx_096953cd-f2a4-49f4-b5db-47e6d6184924_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Policy Split Option Rider.](#xx_096953cd-f2a4-49f4-b5db-47e6d6184924_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Four-Year Term Rider.](#xx_096953cd-f2a4-49f4-b5db-47e6d6184924_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Enhanced Yield Fixed Account Rider](#xx_096953cd-f2a4-49f4-b5db-47e6d6184924_1)[—](#xx_096953cd-f2a4-49f4-b5db-47e6d6184924_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Taxes](#xx_09ac3b38-674f-467f-ab4c-f7e87a93765f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| *[Tax Consequences of Owning a Policy](#xx_09ac3b38-674f-467f-ab4c-f7e87a93765f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| *[Tax Consequences of Electing Certain Supplementary Benefit Riders](#xx_09ac3b38-674f-467f-ab4c-f7e87a93765f_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| *[Effect on the Company's Taxes](#xx_09ac3b38-674f-467f-ab4c-f7e87a93765f_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| **[Principal Risks of Investing in the Policy](#xx_c3dd0ca3-d5de-432f-888a-187db9d3532f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Lapse Risk](#xx_c3dd0ca3-d5de-432f-888a-187db9d3532f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Investment Risk/Risk of Loss](#xx_c3dd0ca3-d5de-432f-888a-187db9d3532f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Transfer Risk](#xx_c3dd0ca3-d5de-432f-888a-187db9d3532f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Early Surrender or Withdrawal Risk/Not a Short-Term Investment](#xx_c3dd0ca3-d5de-432f-888a-187db9d3532f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Tax Risks](#xx_c3dd0ca3-d5de-432f-888a-187db9d3532f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Cybersecurity Risks](#xx_c3dd0ca3-d5de-432f-888a-187db9d3532f_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| **[Additional Information Regarding the Policy](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Charges](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Deductions from premium payments.](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Deductions from account value.](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Charges at the portfolio level.](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Additional Information About How Certain Policy Charges Work](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Other Charges We Could Impose in the Future](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Commissions Paid to Dealers](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Lapse and Reinstatement](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Lapse.](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Reinstatement.](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[Variations](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[Policy or Separate Account Changes](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[When We Pay Policy Proceeds](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[When the younger insured person reaches 100](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| **[General Description of Registrant, Depositor and Portfolios](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_7)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Depositor](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Registrant](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Portfolios](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Voting Portfolio Shares](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Legal Proceedings](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_8)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| **[Financial Statements](#xx_94b69e8b-d068-482a-864e-20168c3c5cf9_8)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| **[Appendix: Portfolios Available Under The Policy](#xx_36368639-b096-4174-b0de-1797c4289602_1)** | &nbsp;&nbsp; Appendix-1 |

---

------

**important Information you should consider about the policy** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| Charges for Early <br> Withdrawals<br>| There is a charge assessed upon withdrawal. | There is a charge assessed upon withdrawal. | There is a charge assessed upon withdrawal. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from account* <br> *value*<br>|
| Transaction Charges | &nbsp;&nbsp; In addition to withdrawal charges (if applicable), you may also be charged <br> for the following transactions:<br>A premium sales charge will be deducted upon payment of premium.<br>A maximum contingent deferred sales charge will be deducted upon <br> surrender of policy within the period stated and upon reduction of Basic Sum <br> Insured as a result of a partial withdrawal.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to withdrawal charges (if applicable), you may also be charged <br> for the following transactions:<br>A premium sales charge will be deducted upon payment of premium.<br>A maximum contingent deferred sales charge will be deducted upon <br> surrender of policy within the period stated and upon reduction of Basic Sum <br> Insured as a result of a partial withdrawal.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to withdrawal charges (if applicable), you may also be charged <br> for the following transactions:<br>A premium sales charge will be deducted upon payment of premium.<br>A maximum contingent deferred sales charge will be deducted upon <br> surrender of policy within the period stated and upon reduction of Basic Sum <br> Insured as a result of a partial withdrawal.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from account* <br> *value*<br>|
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; In addition to withdrawal charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including an insurance charge, <br> issue charge, maintenance charge, asset-based risk charge, per thousand TSI <br> charge, policy loan costs, and supplementary benefit rider charges. Some of <br> these fees and expenses are based wholly or in part on the characteristics of <br> the insured persons (e.g., age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to withdrawal charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including an insurance charge, <br> issue charge, maintenance charge, asset-based risk charge, per thousand TSI <br> charge, policy loan costs, and supplementary benefit rider charges. Some of <br> these fees and expenses are based wholly or in part on the characteristics of <br> the insured persons (e.g., age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to withdrawal charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including an insurance charge, <br> issue charge, maintenance charge, asset-based risk charge, per thousand TSI <br> charge, policy loan costs, and supplementary benefit rider charges. Some of <br> these fees and expenses are based wholly or in part on the characteristics of <br> the insured persons (e.g., age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from account* <br> *value*<br>|
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |
| Ongoing Fees and <br> Expenses (annual charges) | **Annual Fee** | Minimum | Maximum | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; **Variable investment options (portfolio fees and** <br> **expenses)**<br>| 0.39% | 1.19% | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **RISKS** |
| Risk of Loss | You can lose money by investing in this policy. | &nbsp;&nbsp; *PRINCIPAL RISKS OF* <br> *INVESTING IN A* <br> *POLICY*<br>|
| Not a Short- Term <br> Investment<br>| &nbsp;&nbsp; This policy is not a short-term investment and is not appropriate for <br> an investor who needs ready access to cash. The policy is unsuitable <br> as a short-term savings vehicle because of substantial policy-level <br> charges, including the premium charge and the surrender charge, as <br> well as potential adverse tax consequences from such short-term use.<br>| &nbsp;&nbsp; *Early Surrender or* <br> *Withdrawal Risk/Not a* <br> *Short-Term Investment*<br>|
| Risks Associated with <br> Investment Options<br>| &nbsp;&nbsp; An investment in this policy is subject to the risk of poor <br> performance and can vary depending on the performance of the <br> account allocation options available under the policy (e.g., <br> portfolios). Each such option (including the fixed investment option) <br> will have its own unique risks, and you should review these options <br> before making an allocation decision. You can find the prospectuses <br> and other information about the portfolios at <br> dfinview.com/JohnHancock/PUFT/PSVUL_UV.<br>| &nbsp;&nbsp; *Investment Risk/Risk of* <br> *Loss*<br>|

---

------

---

| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **RISKS** |
| Insurance Company <br> Risks<br>| &nbsp;&nbsp; Your investment in the policy is subject to risks related to John <br> Hancock USA, including that the obligations (including under the <br> fixed investment option), guarantees, or benefits are subject to the <br> claims-paying ability of John Hancock USA. Information about John <br> Hancock USA, including its financial strength ratings, is available <br> upon request from your John Hancock USA representative. Our <br> current financial strength ratings can also be obtained by contacting <br> the Service Office at 1-800-732-5543.<br>| &nbsp;&nbsp; *Depositor*<br>*Registrant*<br>|
| Policy Lapse | &nbsp;&nbsp; Either your entire policy or the Additional Sum Insured portion of <br> your Total Sum Insured can terminate (i.e., "lapse") for failure to pay <br> charges due under the policy. This can happen as a result of <br> insufficient premium payments, poor performance of the variable or <br> general account options you have chosen, withdrawals, or unpaid <br> loans or loan interest. If a default is not cured within a 61-day grace <br> period, your policy will lapse without value, and no death benefit or <br> other benefits will be payable. You can apply to reinstate a policy that <br> has gone into default, subject to conditions including payment of a <br> specified amount of additional premiums.<br>| &nbsp;&nbsp; *Lapse and* <br> *Reinstatement*<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** | **RESTRICTIONS** |
| Investments | &nbsp;&nbsp; There are restrictions that may limit the variable investment account <br> options and general account options (including the fixed investment <br> option) that you may choose, as well as limitations on the transfer of <br> account value among those options. These restrictions may include a <br> monthly limit on the number of transfers you may make. We may also <br> impose additional restrictions to discourage market timing and <br> disruptive trading activity.<br>In particular, your allocation options will be affected if you elect to <br> take a loan or receive benefits under certain supplementary benefit <br> riders.<br>Among other things, the policy also allows us to eliminate the shares <br> of a portfolio or substitute shares of another new or existing <br> portfolio, subject to applicable legal requirements.<br>| &nbsp;&nbsp; *Limitations on transfers* <br> *to or from a variable* <br> *investment account*<br>*Limitations on transfers* <br> *out of the fixed* <br> *investment option*<br>*Effect of Loans on Cash* <br> *Value and Death* <br> *Benefit*<br>*Portfolios*<br>|
| Optional Benefits | &nbsp;&nbsp; There are restrictions and limitations relating to optional benefits, as <br> well as conditions under which an optional benefit may be modified <br> or terminated by us. For example, certain supplementary benefit <br> riders may be subject to underwriting, and your election of an option <br> may result in restrictions upon some of the policy benefits, including <br> availability of investment options.<br>| &nbsp;&nbsp; *More About Certain* <br> *Optional Benefits*<br>|

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|:---|:---|:---|
| **TAXES** | **TAXES** | **TAXES** |
| Tax Implications | &nbsp;&nbsp; You should consult with a tax professional to determine the tax <br> implications of an investment in and payments received under the <br> policy. There is no additional tax benefit to you if the policy is <br> purchased through a tax-qualified plan. If we pay out any amount of <br> your account value upon surrender or partial withdrawal, all or part <br> of that distribution would generally be treated as a return of the <br> premiums you've paid and not subjected to income tax, with any <br> portion not treated as a return of your premiums includible in your <br> income. Distributions also are subject to tax penalties under some <br> circumstances. If your policy is a modified endowment contract, <br> distributions, including policy loans, are treated as coming first from <br> the gain in the policy and are includible in your income.<br>| &nbsp;&nbsp; *Tax Consequences of* <br> *Owning a Policy*<br>|

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| | | |
|:---|:---|:---|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| Investment Professional <br> Compensation<br>| &nbsp;&nbsp; Some investment professionals may receive compensation for selling <br> the policy, including by means of commissions and revenue sharing <br> arrangements. These investment professionals may have a financial <br> incentive to offer or recommend this policy over another investment.<br>| &nbsp;&nbsp; *Commissions Paid to* <br> *Dealers*<br>|
| Exchanges | &nbsp;&nbsp; Some investment professionals may have a financial incentive to <br> offer you a new policy in place of the one you already own, and you <br> should only exchange your policy if you determine, after comparing <br> the features, fees, and risks of both policies, that it is preferable for <br> you to purchase the new policy rather than continue to own the <br> existing policy.<br>| &nbsp;&nbsp; *Commissions Paid to* <br> *Dealers*<br>|

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**Overview of The Policy** 

**Purpose** 

This is a so-called "survivorship" policy that provides coverage on two insured persons. The policy's primary purpose is to provide lifetime protection against economic loss due to the death of the last surviving insured person. Fees, expenses and tax implications can make variable life insurance unsuitable as a short-term savings vehicle.

**Premiums** 

We call the investments you make in the policy "premiums" or "premium payments." The Minimum Initial Premium is a dollar amount that is stated in your policy specifications and that must be paid to us in full before your policy will take effect. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy. After the payment of the initial premium, premiums may be paid at any time and in any amount until the younger insured person's attained age, subject to the need to pay enough premium to keep the policy in force, and to limitations on maximum premium amount.

Federal tax law limits the amount of premium payments you can make relative to the amount of your policy's insurance coverage. We will not knowingly accept any amount by which a premium payment exceeds this limit. In addition, in order to limit our investment risk exposure under certain market conditions, we may refuse to accept additional premium payments.

From each premium payment you make, we deduct the applicable premium charges identified in the <u>FEE TABLE</u>. We invest the rest (the "net premium") in the variable investment accounts or fixed investment option as you've elected.

The policy offers a number of variable investment accounts. You can find some important information about each portfolio in the <u>APPENDIX</u>, but for a full description of each portfolio, including the investment objectives and strategies, policies, restrictions, and risks, you should read the portfolio's prospectus carefully before investing in the corresponding variable investment account.

You can also allocate account value to the fixed investment option (where it is credited with rates of interest that we declare from time to time but will never be less than a minimum rate guaranteed in your policy specifications). If the surrender value is insufficient to pay the charges when due your policy can terminate (i.e. "lapse"). This can happen because you haven't paid enough premiums or because the investment performance of the investment options you've chosen has been poor or because of a combination of both factors.

**Policy Features** 

**Death benefit.** When the last of the insured persons dies, we will pay the death benefit minus any outstanding loans, accrued interest and unpaid fees and charges. There are two ways of calculating the death benefit. You choose which one you want in the application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option A –</u> The death benefit will equal the greater of (1) the Total Sum Insured plus any optional extra death benefit, if elected (as described below), or (2) the minimum insurance amount (as described below). The "Total Sum Insured" is the amount of life insurance coverage equal to the "Basic Sum Insured" plus any "Additional Sum Insured," as set forth in your policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option B –</u> The death benefit will equal the greater of (1) the Total Sum Insured plus your policy's account value on the date of death of the last surviving insured person, or (2) the minimum insurance amount.

**Surrender of the policy.** You may surrender the policy in full at any time. If you do, we will pay you the account value of the policy less any outstanding policy debt and less any contingent deferred sales charge that then applies. This is called your "surrender value." You must return your policy when you request a surrender.

**Partial Withdrawals.** You may make a partial withdrawal of your surrender value at any time after the first policy year. Each withdrawal must be at least $1,000. There is a charge for each partial withdrawal. The charge is equal to the lesser of 2% of the withdrawal amount or $50. Your account value is automatically reduced by the amount of the withdrawal and the charge.

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**Policy loans.** You may borrow from your policy at any time by completing the appropriate form. Generally, the minimum amount of each loan is $1,000. The maximum amount you can borrow is determined by a formula as described in your policy. Interest is charged on each loan. If there is an outstanding loan the amount of the loan and accrued interest will be deducted from the death benefit and other policy proceeds.

**Supplementary benefit riders.** When you apply for the policy, you can request any of the below-listed supplementary benefit riders that we make available. Availability of riders varies from state to state. Charges for most riders will be deducted monthly from the account value. Some riders may not be available in combination with other riders or benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Cash Value Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Policy Split Option Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Four Year Term Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Yield Fixed Account Rider

You can find information about the fees we charge for these riders under "Optional Benefit Charges" in the Fee Table below. We also offer, at no charge, a dollar cost averaging ("DCA") program and an asset allocation balancer program.

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**Fee Table** 

The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering or making withdrawals from the policy. Please refer to your policy specifications for information about the specific fees you will pay each year based on the options you have elected.

The first table describes the fees and expenses that you will pay at the time that you buy the policy, surrender or make withdrawals from the policy, or transfer account value between investment options.

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| | | |
|:---|:---|:---|
| **TRANSACTION FEES** | **TRANSACTION FEES** | **TRANSACTION FEES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| Premium sales charge | Upon payment of premium | 8% of any premium paid |
| Maximum contingent deferred sales charge <br> (CDSC)<sup>(1)</sup> <br>| &nbsp;&nbsp; Upon surrender of policy within the period <br> stated<br>Upon reduction of Basic Sum Insured as a <br> result of a partial withdrawal<br>| &nbsp;&nbsp; 100% of first year Target Premium for <br> surrenders in policy year 1<br>Pro rata portion of applicable CDSC<br>|
| Maximum transfer charge<sup>(2)</sup> <br>| &nbsp;&nbsp; Upon each transfer into or out of a variable <br> investment account beyond an annual limit <br> of twelve<br>| $25.00 |
| Maximum partial withdrawal charge | Upon making a partial withdrawal | &nbsp;&nbsp; Lesser of 2% of withdrawal value or <br> $50.00<br>|
| Enhanced Cash Value Rider | Upon payment of premium | &nbsp;&nbsp; 4% of all premiums paid in the first two <br> policy years up to the Target Premium<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;*(1) The CDSC percentage decreases in later policy years as follows: for policy year 2, it is 93%; for policy year 3, it is 86%; for policy year 4, it is 79%; for policy year 5, it is 71%; for policy year 6, it is 64%; for policy year 7, it is 57%; for policy year 8, it is 50%; for policy year 9, it is 43%; for policy year 10, it is 36%; for policy year 11, it is 29%; for policy year 12, it is 21%; for policy year 13, it is 14%; for policy year 14, it is 7%; and for policy years 15 and later, it is 0%. The "Target Premium" for each policy year is determined at the time the policy is issued and appears in the "Policy Specifications" section of the policy. In general, the greater the proportion of Additional Sum Insured at issue, the lower the Target Premium.* 

*(2) This charge is not currently imposed, but we reserve the right to do so in the policy.* 

The next table describes the fees and expenses that you will pay periodically during the time that you own the policy, not including portfolio fees and expenses.

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| | | |
|:---|:---|:---|
| **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| **Base Policy Charges:** |  |  |
| Insurance charge<sup>(1)</sup>: | Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.0001 per $1,000 of AAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.33 per $1,000 of AAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | $0.003 per $1,000 of AAR |
| Maintenance charge | Monthly | $20.00 |
| Maximum issue charge<sup>(2)</sup> <br>| Monthly | 2% of Target Premium |
| Asset-based risk charge<sup>(3)</sup> <br>| Monthly | &nbsp;&nbsp; 0.07% of the first $25,000 of separate <br> account assets in all policy years; 0.07% of <br> separate account assets in excess of <br> $25,000 in policy years 1-5, and 0.03% in <br> policy years 6 and thereafter<br>|
| Per thousand TSI charge<sup>(4)</sup> <br>| Monthly | $0.035 per $1,000 of Total Sum Insured |
| Maximum policy loan interest rate<sup>(5)</sup> <br>| &nbsp;&nbsp; Accrues daily<br> Payable annually<br>| 3.75% annual rate |
| **Optional Benefit Charges:** |  |  |

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| | | |
|:---|:---|:---|
| **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** | **PERIODIC CHARGES OTHER THAN ANNUAL PORTFOLIO EXPENSES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| Policy Split Option Rider | Monthly | 3¢ per $1,000 of current Total Sum Insured |
| Four Year Term Rider<sup>(6)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.01 per $1,000 of Term Death Benefit |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.34 per $1,000 of Term Death Benefit |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for representative insured <br> person<br>|  | $0.002 per $1,000 of Term Death Benefit |

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&nbsp;&nbsp;&nbsp;&nbsp;*(1) The insurance charge is determined by multiplying the amount of insurance for which we are at risk (the amount at risk or "AAR") by the applicable cost of insurance rate. The rates vary widely depending upon the Total Sum Insured, the length of time the policy has been in effect, the insurance risk characteristics of the insured persons and (generally) the gender of the insured persons. The "minimum" rate shown in the table is the rate in the first policy year for a $250,000 policy issued to cover two 20 year old female preferred non-tobacco underwriting risks. The "maximum" rate shown in the table is the rate in the 25th policy year for a $500,000 policy issued to cover two 75 year old male substandard tobacco underwriting risks. This includes the so-called "extra mortality charge". The "representative insured persons" referred to in the table are a 55 year old male preferred non-tobacco underwriting risk and a 50 year old female preferred non-tobacco underwriting risk. The charges shown in the table may not be particularly relevant to your current situation. For more information about cost of insurance rates, talk to your John Hancock USA representative.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(2) The issue charge varies depending upon the proportion of Additional Sum Insured at issue. The amount quoted in the table assumes the minimum proportion of Additional Sum Insured.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(3) This charge only applies to that portion of account value held in the variable investment options. The charge does not apply to the fixed investment option.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(4) This charge is determined by multiplying the Total Sum Insured by the applicable rate. We currently expect to cease making this charge after the tenth policy year, but that is not guaranteed.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(5) 3.75% is the maximum effective annual interest rate we can charge and applies only during policy years 1-10. The effective annual interest rate is 3.50% for policy years 11-20 and, under our current rules, is 3.00% thereafter. However, we reserve the right to increase the effective annual rate after policy year 20 to as much as 3.25%. The amount of any loan is transferred from the investment options to a special loan account which earns interest at an effective annual rate of 4.00%. Therefore, the true cost of a loan is the difference between the loan interest we charge and the interest we credit to the special loan account.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(6) The charge for this rider is determined by multiplying the Term Death Benefit under the rider by the applicable rate. The rates vary by the issue age, gender and insurance risk characteristics of the insured persons. The "minimum" rate shown in the table is for two 20 year old female preferred non-tobacco underwriting risks. The "maximum" rate shown in the table is for two 65 year old male substandard tobacco underwriting risks. The "representative insured persons" referred to in the table are a 55 year old male preferred non-tobacco underwriting risk and a 50 year old female preferred non-tobacco underwriting risk.*

The next item shows the minimum and maximum total operating expenses charged by the portfolios that you may pay periodically during the time that you own the policy. A complete list of the portfolios available under the policy, including their annual expenses, may be found at the back of this document.

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| | | |
|:---|:---|:---|
| **Annual Portfolio Expenses** | **Minimum** | **Maximum** |
| Range of expenses that are deducted from portfolio assets, including <br> management fees, distribution and/or service (12b-1) fees, and other <br> expenses<br>| &nbsp;&nbsp; 0.39% | &nbsp;&nbsp; 1.19% |

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**General Description of the Policy** 

**Policy Rights** 

**Owner and beneficiary.** The owner of the policy is the person who can exercise most of the rights under the policy, such as the right to choose the accounts in which to invest or the right to surrender the policy. In many cases, the person buying the policy is also the person who will be the owner. However, the application for a policy can name another person or entity (such as a trust) as owner. It is possible to name so-called "joint owners" of the policy. If more than one person owns a policy, all owners must join in most requests to exercise rights under the policy. Whenever we've used the term "you" in this prospectus, we've assumed that the reader is the person who has whatever right or privilege is being discussed. There may be tax consequences if the owner and the insured person are different, so you should discuss this issue with your tax adviser.

While either of the insured persons is alive, you will have a number of options under the policy. These options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Determine when and how much you allocate to the variable investment accounts and any fixed investment option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Borrow or withdraw amounts you have in the variable investment account and any fixed investment option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Change the beneficiary who will receive the death benefit

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Change the amount of insurance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Surrender the policy for its surrender value

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Choose the form in which we will pay out the death benefit or other proceeds

You name your beneficiary when you apply for the policy. The beneficiary is entitled to the proceeds we pay following the insured person's death. Until the death of the insured person you can change your beneficiary by written request. Such a change requires the consent of any named irrevocable beneficiary. A new beneficiary designation will not affect any payments we make before we receive it. If no beneficiary is living when the insured person dies, we will pay the insurance proceeds to the owner or the owner's estate.

**Allocation of Premiums** 

All premiums received prior to the Issue Date of the policy will be held in the general account and credited with interest from the date of receipt at the rate of return then being earned on amounts allocated to the Money Market variable investment account. After the Issue Date but prior to the Allocation Date, net premiums received are allocated to the Money Market variable investment account. The "Allocation Date" of the policy is the tenth day after the Issue Date. The Issue Date is shown in your policy specifications. On the Allocation Date, the net premiums paid plus return credited, if any, will be allocated among the variable investment accounts or the fixed investment option in accordance with the policy owner's instructions. Any net premium received on or after the Allocation Date will be allocated among variable investment accounts or the fixed investment option as of the business day on or next following the date the premium is received at the Service Office. In your application for a policy, you give us your initial instructions as to how you wish your initial and future premium payments to be allocated among the variable investment and fixed investment options. Your instructions must be in percentages that add up to 100%. By written request and at any time, you may change the variable investment accounts or fixed investment option in which future premium payments will be invested.

There are restrictions that may limit the variable investment account and fixed investment options that you may choose, as well as limitations on the transfer of account value among those options. Specifically, all value you have in the variable investment accounts will automatically be transferred to the fixed investment option, and, so long as you continue to receive any of those benefits, you will not be permitted to allocate any additional amounts to the variable investment account.

**Transfers of Account Value** 

You may transfer your account value from one variable investment account or fixed investment option to another, subject to the limitations discussed below. To do so, you must tell us how much to transfer, either as a whole number percentage or as a specific dollar amount. A confirmation of each transfer will be sent to you Without our approval, the maximum amount you may transfer to or from any account (fixed or investment) in any policy year is $1,000,000.

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We have adopted policies and procedures with respect to frequent transfers of account value among variable investment accounts.

**Limitations on transfers to or from a variable investment account.** Our current practice is to restrict transfers into or out of variable investment accounts to two per calendar month (except with respect to those policies described in the following paragraphs). For purposes of this restriction, and in applying the limitation on the number of free transfers, any transfers made during the period from the opening of a business day (usually 9:00 a.m. Eastern time) to the close of that business day (usually 4:00 p.m. Eastern time) are considered one transfer. You may, however, transfer to the Money Market variable investment account even if the two transfers per month limit has been reached, but only if 100% of the account value in all variable investment accounts is transferred to the Money Market variable investment account. If such a transfer to the Money Market variable investment account is made, then for the 30 calendar day period after such transfer no transfers from the Money Market variable investment account to any other variable investment account or any fixed investment option may be made. If your policy offers a dollar cost averaging or automatic asset allocation rebalancing program, any transfers pursuant to such program are not considered transfers subject to these restrictions on frequent trading.

Subject to our approval, we may offer policies purchased by a corporation or other entity that has purchased policies to match its liabilities under an employee benefit plan, as described above, the ability to electronically rebalance the variable investment accounts in its policies. Under these circumstances, in lieu of imposing any specific limit upon the number and timing of transfers, we will monitor aggregate trades among the subaccounts for frequency, pattern and size for potentially harmful investment practices. If we detect trading activity that we believe may be harmful to the overall operation of any variable investment account or underlying portfolio, we may impose conditions on policies employing electronic rebalancing to submit trades, including setting limits upon the number and timing of transfers, and revoking privileges to make trades by any means other than written communication submitted via U.S. mail. While we seek to identify and prevent disruptive frequent trading activity, it may not always be possible to do so. Therefore no assurance can be given that the restrictions we impose will be successful in preventing all disruptive frequent trading and avoiding harm to long-term investors.

We will apply these limitations uniformly to each class of policies.

**Frequent transfers among variable investment accounts.** Variable investment accounts in variable life insurance products can be a prime target for abusive transfer activity because these products value their variable investment accounts on a daily basis and allow transfers among variable investment accounts without immediate tax consequences. As a result, some investors may seek to frequently transfer into and out of variable investment accounts or to make large transfers in reaction to market news or to exploit a perceived pricing inefficiency. Whatever the reason, long-term investors in any variable investment account can be harmed by large or frequent transfer activity. For example, such activity may expose the variable investment account's portfolio to increased portfolio transaction costs and/or disrupt the portfolio manager's ability to effectively manage the portfolio's investments in accordance with the portfolio's investment objectives and policies. This could include causing the portfolio to maintain higher levels of cash than would otherwise be the case, or liquidating investments prematurely. Accordingly, frequent or large transfers may result in dilution with respect to interests held for long-term investment and adversely affect policy owners, beneficiaries and the portfolios.

To discourage market timing and disruptive trading activity, we impose restrictions on transfers and reserve the right to change, suspend or terminate telephone, facsimile and internet transaction privileges. We also reserve the right to impose a fee of up to $25 for any transfer beyond an annual limit (which would be 12 or more). While we seek to identify and prevent disruptive trading activity, it may not always be possible to do so. Therefore, no assurance can be given that the restrictions we impose will be successful in preventing all disruptive trading and avoiding harm to long-term investors.

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**Limitations on transfers out of the fixed investment option.** Transfers out of the fixed investment option are currently subject to the following restrictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You can only make such a transfer once in each policy year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any transfer request received within 6 months of the last transfer out of the fixed investment option will not be processed until such 6 month period has expired.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The most you can transfer at any one time is the greater of (i) $500, (ii) 25% of the assets in your fixed investment option or (iii) the amount transferred out of your fixed investment option during the previous policy year.

We reserve the right to impose limits on the minimum amount of each transfer out of the fixed investment option and the maximum amount of any transfer into the fixed investment options after the second policy year.

**Potential additional limitations.** We reserve the right to take other actions to restrict transfers, including, but not limited to: (i) restricting the number of transfers made during a defined period, (ii) restricting the dollar amount of transfers, (iii) restricting transfers into and out of certain variable investment accounts, (iv) restricting the method used to submit transfers, and (v) deferring a transfer at any time we are unable to purchase or redeem shares of the portfolio. We may also impose additional administrative conditions upon or prohibit a transfer request made by a third party giving instructions on behalf of multiple policies, whether owned by the same owner or different owners. If you engage a third party for asset allocation services, then you may be subject to these transfer restrictions because of the actions of that party in providing those services. We will notify the third party you have engaged if we exercise this right. A portfolio also may require us to impose additional trading restrictions if violations of its policies against frequent or disruptive trading in its shares are discovered.

**Dollar cost averaging and asset allocation balancer programs.** We may offer policy owners a dollar cost averaging ("DCA") program. Under the DCA 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 investment option. If insufficient funds exist to effect a DCA transfer, the transfer will not be effected and you will be so notified. We do not apply any minimum amount requirements for participation in the DCA program. You can participate in both the dollar cost averaging and asset rebalancing programs at the same time. Under the asset allocation balancer program you will designate an allocation of account value among variable investment accounts. We will move amounts among the variable investment accounts at specified intervals you select —annually, semi-annually, quarterly or monthly. A change to your premium allocation instructions will automatically result in a change in asset allocation balancer instructions so that the two are identical unless you either instruct us otherwise or have elected the dollar cost averaging program. This asset allocation balancer program only applies to account value in the variable investment accounts. No fee is charged for these programs. We reserve the right to cease to offer these programs as of 90 days after written notice is sent to you.

**General Account** 

The fixed investment option is part of our general account. Our general account consists of all assets owned by us other than those in the Separate Account and any other separate accounts which we have established and may establish. Any interest credited to a policy owner from an investment in a fixed investment option and any guaranteed benefits we may provide under the policy that exceed the value of amounts held in the Separate Account will be paid from the Company's general account and will be subject to the Company's financial strength and claims paying ability. Subject to applicable law, John Hancock USA has sole discretion over the investment of the assets of the general account and policy owners do not share in the investment experience of, or have any preferential claim on, those assets. John Hancock USA bears full investment risk for all amounts allocated to the fixed investment option.

Because of exemptive and exclusionary provisions, interests in our fixed investment option have not been and will not be registered under the Securities Act of 1933 and our general account has not been registered as an investment company under the Investment Company Act of 1940 ("1940 Act"). Accordingly, neither the general account nor any interests therein are subject to the provisions of these acts. Disclosures regarding the general account, however, are subject generally to applicable provisions of federal securities laws relating to the accuracy and completeness of statements made in the prospectus.

**The fixed investment option.** Our obligations under the fixed investment option are backed by our general account assets. Our general account consists of assets owned by us other than those in the Account and in other separate accounts that we may establish. Subject to applicable law, we have sole discretion over the investment of assets of the general account and policy owners do not share in the investment experience of, or have any preferential claim on, those assets. Instead, we guarantee that the account value allocated to any fixed investment option will accrue interest daily at an effective annual rate that we

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determine without regard to the actual investment experience of the general account. We currently offer only one fixed investment option—the standard fixed investment option. The effective annual rate we declare for the standard fixed investment option will never be less than 4%. We reserve the right to offer one or more additional fixed investment options with characteristics that differ from those of the current fixed investment option, but we are under no obligation to do so.

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**Premiums** 

**Purchase Procedures** 

Generally, the policy is available with a minimum Basic Sum Insured at issue of $250,000. At the time of issue, each insured person must have an attained age of at least 20 and no more than 85. All insured persons must meet certain health and other insurance risk criteria called underwriting standards.

Policies issued in Montana or in connection with certain employee plans will not directly reflect the sex of the insured persons in either the premium rates or the charges or values under the policy.

The Minimum Initial Premium is set forth in your policy specifications. Factors that determine the minimum initial premium amount generally include the insured persons' age, sex and risk classification including any additional ratings; the Basic Sum Insured and the Additional Sum Insured at issue; choice of Death Benefit Option A vs. Option B; and any selected supplementary benefit riders. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy.

If you pay premiums by check or money order, they must be drawn on a U.S. bank in U.S. dollars and made payable to "John Hancock." We will not accept credit card checks. We will not accept starter or third party checks if they fail to satisfy our administrative requirements. Premiums after the first must be sent to the John Hancock USA Service Office at the appropriate address shown on the back cover of this prospectus. We will also accept premiums by wire or by exchange from another insurance company, or via an electronic funds transfer program (any owner interested in making monthly premium payments must use this method).

**Premium Amount** 

In addition to the Minimum Initial Premium, your policy specifications will also show the "Planned Premium" that you chose for the policy. Payment of Planned Premiums is not necessarily required, however. You need only pay enough premium to keep the policy in force.

The amount and frequency of the Planned Premium are determined by you, in consultation with your financial advisor, based upon your financial objectives for the policy. Depending upon the amount and timing of your actual premium payments, investment results, changing objectives and other factors, you may need to change the amount and frequency of your premium payments from the Planned Premium amount in order for the policy to continue to support your financial objectives. You may be required to pay additional premiums beyond the Planned Premium amount in order to keep your policy from lapsing. You should request in-force illustrations periodically in order to help assure that you are keeping on track with your objectives.

Federal tax law limits the amount of premium payments you can make relative to the amount of your policy's insurance coverage. Also, in order to limit our exposure to unanticipated investment risk, we may refuse to accept additional premium payments. For example, with large premium payments in an environment of decreasing interest rates, we may not be able to acquire investments for our general account that will sufficiently match the liabilities we are incurring under our fixed investment option guarantees. Excessive allocations may also interfere with the effective management of our variable investment accounts, if we are unable to make an orderly investment of the additional premium into the variable investment accounts. Also, we may refuse to accept or limit an amount of premium if the amount of the premium would increase our insurance risk exposure, and the insured persons don't provide us with adequate evidence that he or she continues to meet our requirements for issuing insurance.

We will notify you in writing of our refusal to accept premium and will promptly thereafter take the necessary steps to return the premium to you. Notwithstanding the foregoing limits on the premium that we will accept, we will not refuse to accept any premium necessary to prevent the policy from terminating.

**Premium Due Dates** 

A policy will go into default if at the beginning of any policy month the policy's surrender value would be zero or below after deducting the monthly deductions then due. Therefore, a policy could lapse eventually if increases in account value (prior to deduction of policy charges) are not sufficient to cover policy charges. We will notify you of the default and will allow a 61-day grace period in which you may make a premium payment sufficient to bring the policy out of default. The required payment will be equal to the amount necessary to bring the surrender value to zero, if it was less than zero on the date of

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default, plus an amount equal to three times the monthly deductions due on the date of default, plus any applicable premium charge. If the insured person should die during the grace period, the account value used in the calculation of the death benefit will be the account value as of the date of default and the death benefit will be reduced by any outstanding monthly deductions due at the time of death. If the required payment is not received by the end of the grace period, the policy will terminate (i.e., "lapse") with no value.

**Guaranteed Death Benefit Feature** 

This feature guarantees that your Basic Sum Insured will not terminate (i.e., "lapse"), regardless of adverse investment performance, if on each "grace period testing date" the amount of cumulative premiums you have paid (less all withdrawals from the policy and all outstanding loans) equals or exceeds the sum of all Guaranteed Death Benefit Premium ("GDB Premium") due to date. For the first 5 policy years, the same applies to any amount of Additional Sum Insured. If the Guaranteed Death Benefit test is not satisfied on any grace period testing date, the guaranteed death benefit feature will not be "in effect" on that date. We currently test on a quarterly basis, but reserve the right to test on each monthly deduction date. (The term "monthly deduction date" is defined under "Procedures for issuance of a policy".)

Your policy will show two types of GDB Premium (or such other types as permitted by your policy's state of issue):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5 Year GDB Premium - This is used on each grace period testing date until the 5th policy anniversary. The total GDB Premium that is "due to date" on any grace period testing date during this period is equal to the 5 Year GDB Premium times the number of elapsed policy months from the policy's date of issue through the grace period testing date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifetime GDB Premium - This is used on each grace period testing date that occurs on and after the 5th policy anniversary. The total GDB Premium that is "due to date" on any grace period testing date during this period is equal to the Lifetime GDB Premium times the number of elapsed policy months from the policy's date of issue through the grace period testing date.

The Lifetime GDB Premium is higher than the 5 Year GDB Premium, but neither of them will ever be greater than the so-called "guideline premium" for the policy as defined in section 7702 of the Code. The GDB Premium varies from policy to policy based upon a number of factors, including each insured person's issue age, insurance risk characteristics and (generally) gender.

For the first 5 policy years, the guaranteed death benefit feature applies to both the Basic Sum Insured and Additional Sum Insured then in effect and any riders then in effect. On the 5th policy anniversary and thereafter, the guaranteed death benefit feature applies only to the Basic Sum Insured in effect when we issue the policy and does not apply to any amount of Additional Sum Insured or any rider benefits. If you increase the Total Sum Insured, the guaranteed death benefit feature will cease to be in effect on the date such increase takes effect or the 5th policy anniversary, whichever is later. If there is a decrease in the Total Sum Insured or a change in death benefit option, the 5 Year GDB Premium and the Age 100 GDB Premium may be changed. In making any "due date" calculation described above after the effective date of the change, the old GDB Premium will apply up to the effective date of the change and the new GDB Premium will be multiplied by the number of elapsed policy months from the effective date of the change through the grace period testing date.

If there are monthly charges that remain unpaid because of this guaranteed death benefit feature, we will deduct such charges when there is sufficient account value to pay them.

If an insufficient amount of GDB Premium has been paid on a grace period testing date, and your policy would lapse for failure to pay charges then due, we will provide you with a notification as described in the section, "Lapse and reinstatement" above.

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**Standard Death Benefits** 

**Standard Death Benefits** 

**Effectiveness and Policy Date.** After you apply for a policy, we gather and evaluate all the information we need to decide whether to issue a policy to you and, if so, what the insured person's risk classification should be. After we approve an application for a policy and assign an appropriate insurance risk classification, we will prepare the policy for delivery. The policy will take effect only if all of the following conditions are satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The policy is delivered to and received by the applicant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Minimum Initial Premium is received by us.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each insured person is living and still meets our criteria for issuing insurance.

If all of the above conditions are satisfied, the policy will take effect on the date shown in the policy as the "Policy Date." That is the date on which we begin to take monthly deductions. Policy months, policy years and policy anniversaries are all measured from the Policy Date. Under limited circumstances, we may backdate a policy, upon request, by assigning a Policy Date earlier than the date the application is signed. However, in no event will a policy be backdated earlier than the earliest date allowed by state law, which is generally three months to one year prior to the date of application for the policy. The most common reasons for backdating are to preserve a younger age at issue for one or both of the insured persons or to retain a common monthly deduction date in certain corporate-owned life insurance cases involving multiple policies issued over time. If used to preserve age, backdating will result in lower insurance charges. However, monthly deductions will begin earlier than would otherwise be the case.

**Temporary insurance coverage.** If a specified amount of premium is paid with the application for a policy and other conditions are met, we will provide temporary term life insurance coverage on the insured persons for a period prior to the time coverage under the policy takes effect. Such temporary term coverage will be subject to the terms and conditions described in the Temporary Life Insurance Agreement and Receipt attached to the application for the policy, including conditions to coverage and limits on amount and duration of coverage.

**Option A and Option B.** When the last of the insured persons dies, we will pay the death benefit minus any outstanding loans, accrued interest and unpaid fees and charges. There are two ways of calculating the death benefit. You choose which one you want in the application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option A –</u> The death benefit will equal the greater of (1) the Total Sum Insured plus any optional extra death benefit, if elected (as described below), or (2) the minimum insurance amount (as described below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option B –</u> The death benefit will equal the greater of (1) the Total Sum Insured plus your policy's account value on the date of death of the last surviving insured person, or (2) the minimum insurance amount.

See the **OTHER BENEFITS AVAILABLE UNDER THE POLICY** and *More About Certain Optional Benefits* sections for more information about riders that may increase the death benefit.

For the same premium payments, the death benefit under Option B will tend to be higher than the death benefit under Option A. On the other hand, the monthly insurance charge will be higher under Option B to compensate us for the additional insurance risk. Because of that, the account value will tend to be higher under Option A than under Option B for the same premium payments.

Poor investment performance of the portfolios, expenses, and deduction of charges under the policy all will reduce the account value and surrender value and may also reduce the death benefit. However, favorable investment performance may increase the account value, surrender value, and death benefit. Therefore, if you experience better investment performance or lower expenses and charges than you assumed, you may be able to reduce your premium payments while maintaining the death benefit and other values under your policy; or if you continue to pay premiums at the same level, the death benefit and other values under your policy may increase. Conversely, if the investment performance falls short of what you assumed, or the expenses or charges are higher, the death benefit and other values under your policy may decrease unless you pay additional premiums.

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**Basic Sum Insured and Additional Sum Insured.** Total Sum Insured is composed of the Basic Sum Insured and any Additional Sum Insured you elect. The maximum amount of Additional Sum Insured you can have when we issue the policy is generally limited to 400% of the Basic Sum Insured. The application may also give you the option of electing among various patterns of scheduled increases in Additional Sum Insured.

You should consider a number of factors in determining whether to elect coverage in the form of Basic Sum Insured or in the form of Additional Sum Insured. For the same amount of premiums paid, the amount of the issue charge deducted from the account value and the amount of compensation paid to the selling insurance agent will generally be less if coverage is included as Additional Sum Insured, rather than as Basic Sum Insured. On the other hand, the amount of any Additional Sum Insured is not included in the guaranteed death benefit feature after the 5th policy year and is not extended beyond the age 100 adjustment date. (The "age 100 adjustment date" is defined under "When the younger insured person reaches 100"). Therefore, if the policy's surrender value is insufficient to pay the monthly charges as they fall due (including the charges for the Additional Sum Insured) after the 5th policy year, the Additional Sum Insured coverage will lapse, even if the Basic Sum Insured stays in effect pursuant to the guaranteed death benefit feature.

Generally, you will incur lower issue charges and have more flexible coverage with respect to the Additional Sum Insured than with respect to the Basic Sum Insured. If this is your priority, you may wish to maximize the proportion of the Additional Sum Insured. However, if your priority is to take advantage of the guaranteed death benefit feature after the 5th policy year the proportion of the policy's Total Sum Insured that is guaranteed can be increased by taking out more coverage as Basic Sum Insured at the time of policy issuance. In addition, the death benefit after the age 100 adjustment date will generally be larger if the proportion of Basic Sum Insured immediately prior to that date is larger.

Any decision you make to modify the amount of Additional Sum Insured coverage after issue can have significant tax consequences.

**Minimum insurance amount.** In order for a policy to qualify as life insurance under Federal tax law, there has to be a minimum amount of insurance in relation to account value. There are two tests that can be applied under Federal tax law—

the "guideline premium and cash value corridor test" and the "cash value accumulation test." When you elect the death benefit option, you must also elect which test you wish to have applied. Under the guideline premium and cash value corridor test, we compute the minimum insurance amount each business day by multiplying the account value on that date by the death benefit factor (called "corridor factor" in the policy) applicable on that date. In this case, the factors are derived by applying the guideline premium and cash value corridor test. The factor starts out at 2.50 for ages at or below 40 and decreases as attained age increases, reaching a low of 1.0 at age 95. A table showing the factor for each policy year will appear in the policy. Under the cash value accumulation test, we compute the minimum insurance amount each business day by multiplying the account value on that date by the death benefit factor applicable on that date. In this case, the factors are derived by applying the cash value accumulation test. The factor decreases as attained age increases. A table showing the factor for each age will appear in the policy. Regardless of which test is applied, the appropriate factor will be referred to in the policy as the "Required Additional Death Benefit Factor."

As noted above, you have to elect which test will be applied when you elect the death benefit option. The cash value accumulation test may be preferable if you want an increasing death benefit in later policy years and/or want to fund the policy at the "7 pay" limit for the full 7 years. The guideline premium and cash value corridor test may be preferable if you want the account value under the policy to increase without increasing the death benefit as quickly as might otherwise be required.

**Calculation and payment of the death benefit.** We will ordinarily pay any death benefit within seven days after we receive the last required form or request and any other documentation that may be required. You may choose to receive proceeds from the policy as a single sum. If we do not have information about the desired manner of payment within seven days after the date we receive documentation of the insured person's death, we will pay the proceeds as a single sum. As permitted by state law and our current administrative procedures, death claim proceeds may be placed into an interest-bearing John Hancock retained asset account in the beneficiary's name. The interest earned in a John Hancock retained asset account is normally subject to income tax. You should consult with your tax advisor if you have any questions regarding taxation of the interest earned. We will provide the beneficiary with a checkbook, so checks may be written for all or a part of the proceeds. The retained asset account is part of our general account and is subject to the claims of our creditors. It is not a bank account and it is not insured by the FDIC. We may receive a benefit from managing proceeds held in a retained asset account. Alternatively, you can elect to have proceeds of $1,000 or more applied to any of the other payment options we may offer at the time. You cannot choose an option if the monthly payments under the option would be less than $50. We will issue a supplementary agreement when the proceeds are applied to any alternative payment option. That agreement will spell out terms of the option in full. Please contact our Service Office for more information.

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**Changes you may make.** Subject to certain limitations and conditions, you may request a change from death benefit Option 2 to Option 1 or a reduction in your policy's Face Amount. However, you may not request a change from Option 1 to Option 2 or a Face Amount increase.

**Additional Information About Standard Death Benefits** 

**Requesting an increase or decrease in coverage.** The Basic Sum Insured generally cannot be increased after policy issue. You may request an increase in the Additional Sum Insured. Generally, each such increase must be at least $50,000. However, you will have to provide us with evidence that the insured person still meets our requirements for issuing insurance coverage. Generally, any increase will be effective on the policy anniversary on or next following the date we approve your request. Unless we consent otherwise, you may not increase the Additional Sum Insured if the increase would cause the entire Additional Sum Insured to equal or exceed 800% of the Basic Sum Insured.

After the first policy year, you may request a reduction in the Total Sum Insured, but only if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the remaining Basic Sum Insured will be at least $250,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the remaining Additional Sum Insured will not exceed 800% of the Basic Sum Insured, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the remaining Total Sum Insured will at least equal the minimum required by the tax laws to maintain the policy's life insurance status.

We may refuse any decrease in the Additional Sum Insured if it would cause the death benefit to increase pursuant to the optional extra death benefit feature. Any reduction in Total Sum Insured will be implemented by first reducing any Additional Sum Insured. If there is any reduction in Basic Sum Insured, a pro-rata portion of the applicable CDSC will be deducted from the account value. An approved decrease will take effect on the monthly deduction date on or next following the date we approve the request.

**Change of death benefit option.** You may change your coverage from death benefit Option B to Option A on any policy anniversary, but only if there is no change in the Federal tax law test used to determine the minimum insurance amount. A change from death benefit Option A to Option B is not permitted under our administrative rules.

**Tax consequences of coverage changes.** If you change the death benefit option, the Federal tax law test ("guideline premium test" or "cash value accumulation test") that you elected at issue will continue to apply.

A change in the death benefit option or Total Sum Insured will often change the policy's limits under the Federal tax law test that you elected. To avoid having the policy cease to qualify as life insurance for tax purposes, we reserve the right to (i) refund account value (if the guideline premium test was elected) or (ii) increase the death benefit (if the cash value accumulation test was elected), which may have the effect of increasing cost of insurance charges under the policy.

**Limitations on payment of death benefit.** If the insured person commits suicide within certain time periods (generally within two years from the Issue Date of the policy), the amount payable will be equal to the premiums paid, less the amount of any policy debt on the date of death, and less any withdrawals. Also, if an application misstated the age or sex of either of the insured persons, we will adjust, if necessary, the Basic Sum Insured, any Additional Sum Insured, and every other benefit to that which would have been purchased at the correct age or sex by the most recent cost of insurance charge.

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**Surrenders and Partial Withdrawals** 

**Surrender and Partial Withdrawals** 

You may surrender your policy in full at any time. If you do, we will pay you the account value, less any policy debt and less any CDSC that then applies. You may make a partial withdrawal of your surrender value at any time after the first policy year. The amount of payment you will receive upon a surrender or withdrawal is based on values calculated as of the day we receive your request in good order or, if that is not a business day, on the next day that is. We generally pay that amount to you within seven days thereafter.

**Additional Information Regarding Surrender and Withdrawal** 

The surrender of the policy terminates the life insurance coverage and other policy benefits. If you surrender your policy, we will pay you the account value, less any policy debt and less any CDSC that then applies. You must return your policy when you request a full surrender.

You may make a partial withdrawal of your surrender value at any time after the first policy year. Each partial withdrawal must be at least $1,000. There is a charge for each partial withdrawal. The charge is equal to the lesser of 2% of the withdrawal amount or $50. We will automatically reduce the account value of your policy by the amount of the withdrawal and the related charge. Unless we agree otherwise, each investment option will be reduced in the same proportion as the account value is then allocated among them. We will not permit a partial withdrawal if it would cause your surrender value to fall below 3 months' worth of monthly charges. We also reserve the right to refuse any partial withdrawal that would cause the policy's Total Sum Insured to fall below $250,000 or the policy's Basic Sum Insured to fall below $250,000. Under the Option A death benefit, the reduction of your account value occasioned by a partial withdrawal could cause the minimum insurance amount to become less than your Total Sum Insured. If that happens, we will automatically reduce your Total Sum Insured. The calculation of that reduction is explained in the policy and will be implemented by first reducing any Additional Sum Insured in effect. If the reduction in Total Sum Insured would cause your policy to fail the Internal Revenue Code's ("Code") definition of life insurance, we will not permit the partial withdrawal. If the withdrawal results in a reduction in Basic Sum Insured, a pro-rata portion of the applicable CDSC will be deducted from the account value.

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**Loans** 

**Availability of Loans, Limitations and Interest** 

If your policy is in force and has sufficient account value, you may borrow from it at any time by completing the appropriate form. We process policy loans as of the business day on or next following the day we receive the loan request. You can repay all or part of a loan at any time. Policy loans permanently affect the calculation of your account value and may also result in adverse tax consequences. The amount of the outstanding loan (which includes accrued and unpaid interest) is subtracted from the amount otherwise payable when the policy proceeds become payable.

Generally, the minimum amount of each loan is $1,000. The maximum amount you can borrow is the greater of (i) 75% of the surrender value of your policy or (ii) the amount determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We first determine the surrender value of your policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then subtract an amount equal to 12 times the monthly charges then being deducted from account value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then multiply the resulting amount by .75% in policy years 1 through 10, .50% in policy years 11 through 20, and 0% thereafter (although we reserve the right to increase the percentage after policy year 20 to as much as .25%).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then subtract the third item above from the result of the second item above.

Interest is charged on each loan. You can pay the interest or allow it to become part of the outstanding loan balance. The interest charged on any loan is an effective annual rate of 3.75% in the first 10 policy years, 3.50% in policy years 11 through 20, and 3.00% thereafter. However, we reserve the right to increase the percentage after policy year 20 to as much as 3.25%. Accrued interest will be added to the loan daily and will bear interest at the same rate as the original loan amount. The amount of the loan is placed in a special loan account. This special loan account will earn interest at an effective annual rate of 3.00%.

**Effect of Loans on Cash Value and Death Benefit** 

Unless otherwise specified by you, the amount of the loan is deducted from the variable investment accounts and any fixed investment option in the same proportion as the account value is then allocated among them. Amounts in the loan account do not participate in the investment experience of the variable investment accounts or the fixed investment option, and therefore loans can affect the account value and death benefit whether or not the loan is repaid. The account value, the surrender value, and any death benefit above the Total Sum Insured are permanently affected by any loan, whether or not it is repaid in whole or in part. This is because the variable investment accounts or any fixed investment option and the special loan account will generally have different rates of investment return.

**Other Effects of Loans** 

Taking a loan on the policy increases the risk that the policy may lapse because of the difference between the interest rate charged on the loan and the interest rate credited to the special loan account. When a loan is outstanding, the amount in the loan account is not available to help pay for any policy charges. If, after deducting your policy loan, there is not enough surrender value to cover the policy charges, your policy could lapse. Also, whenever the outstanding loan equals or exceeds your account value, the policy will terminate 31 days after we have mailed notice of termination to you (and to any assignee of record at such assignee's last known address) specifying the amount that must be paid to avoid termination, unless a repayment of at least the amount specified is made within that period.

The tax consequences of a loan interest credited differential of 0% are unclear. You should consult a tax adviser before effecting a loan to evaluate possible tax consequences. If we determine that a loan will be treated as a distribution from your policy because of the differential between the loan interest rate and the rate being credited on the special loan account, we reserve the right to decrease the rate charged on the loan to a rate that would, in our reasonable judgment, result in the transaction being treated as a loan under Federal tax law. The right to increase the rate charged on the loan is restricted in some states.

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**Loan Repayments** 

You can repay all or part of a loan at any time. Unless we agree otherwise, each repayment will be allocated among the investment options as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The repayment will be applied to the policy value by transferring amounts from the loan options to other investment options as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First, an amount transferred to the fixed investment option that is equal to the remaining loan repayment multiplied by the ratio of the amount borrowed from the fixed investment option divided by the sum of the amounts borrowed from the fixed investment option and the variable investment options, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The remainder of the repayment, if any, will be allocated among the investment options in the same way a new premium payment would be allocated (unless otherwise specified by you).

If you want a payment to be used as a loan repayment, you must include instructions to that effect. Otherwise, all payments will be assumed to be premium payments. We process loan repayments as of the day we receive the repayment. Loan repayments received prior to the close of the New York Stock Exchange ("NYSE") will be applied on the same day it was received. Loan repayments received after the close of the NYSE will be applied as of the next business day.

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**Other Benefits Available Under the Policy** 

In addition to the standard death benefits associated with your policy, other standard and/or optional benefits may also be available to you. The following tables summarize information about those benefits. Information about the fees associated with each benefit included in the tables may be found in the FEE TABLE.

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| | | |
|:---|:---|:---|
| **STANDARD BENEFITS** | **STANDARD BENEFITS** | **STANDARD BENEFITS** |
| **Name of Benefit** | **Purpose** | &nbsp;&nbsp; **Brief Description of**<br> **Restrictions/Limitations**<br>|
| Dollar cost averaging | &nbsp;&nbsp; Under the dollar cost averaging program, you will <br> designate an amount that will be transferred <br> monthly from one variable investment account into <br> any other variable investment account or a fixed <br> investment option.<br>| &nbsp;&nbsp; We reserve the right to cease to offer this program <br> after written notice to you.<br>|
| Asset allocation balancing | &nbsp;&nbsp; Under the asset allocation balancer program, you <br> will designate a percentage allocation of account <br> value among variable investment accounts. We will <br> automatically transfer amounts among the variable <br> investment accounts at intervals you select <br> (annually, semi-annually, quarterly, or monthly) to <br> reestablish your chosen allocation.<br>| &nbsp;&nbsp; We reserve the right to cease this program after <br> written notice to you.<br>|

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| | | |
|:---|:---|:---|
| **OPTIONAL BENEFITS** | **OPTIONAL BENEFITS** | **OPTIONAL BENEFITS** |
| **Name of Benefit** | **Purpose** | &nbsp;&nbsp; **Brief Description of**<br> **Restrictions/Limitations**<br>|
| Enhanced Cash Value <br> Rider<br>| &nbsp;&nbsp; To add an amount (calculated pursuant to a formula <br> in the rider) to the proceeds payable to the policy <br> owner if the owner surrenders the policy during the <br> first seven policy years.<br>| &nbsp;&nbsp; This benefit does not apply to a surrender pursuant <br> to non-taxable exchange, and this rider does not <br> increase the amount available for a policy loan.<br>|
| Policy Split Option Rider | &nbsp;&nbsp; Gives the owner the option to split the Total Face <br> Amount evenly into two separate policies, one for <br> each insured person, but only if the insured persons <br> get divorced or certain Federal tax law changes <br> occur.<br>| &nbsp;&nbsp; The rider will automatically terminate upon the <br> death of either insured person.<br>|
| Four Year Term Rider | &nbsp;&nbsp; Provides an additional death benefit if the death of <br> the last surviving insured person occurs during the <br> four-year period following policy issue<br>| &nbsp;&nbsp; We will reduce the amount of insurance under this <br> benefit proportionally upon the occurrence of any <br> reduction in the Total Sum Insured of your policy or <br> upon a partial withdrawal. You must terminate this <br> rider before you can elect any increase to your Sum <br> Insured.<br>|
| Enhanced Yield Fixed <br> Account Rider<br>| &nbsp;&nbsp; To provide a fixed account option that credits a <br> higher rate of interest to your account value than is <br> credited under the policy's other (non-enhanced) <br> fixed account option.<br>| &nbsp;&nbsp; There are additional restrictions on transferring <br> your account value out of the enhanced yield fixed <br> account, as compared to the non-enhanced fixed <br> account option.<br>|

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**More About Certain Optional Benefits** 

When you apply for a policy, you can request any of the optional supplementary benefit riders that we then make available. Availability of any rider, the benefits it provides and the charges for it may vary by state. Our rules and procedures will govern eligibility for any rider and, in some cases, the configuration of the actual rider benefits. Each rider contains specific details that you should review before you decide to choose the rider. You may request an example illustrating the operation of any of the following optional supplementary benefit riders by contacting the Service Office at 1-800-732-5543. Charges for most riders will be deducted from the account value. We may change these charges (or the rates that determine them), but not above any applicable maximum amount stated in your policy specifications. We may add to, delete from or modify the list of optional supplementary benefit riders.

**• <u>Enhanced Cash Value Rider.</u>** While this rider is in effect, we will pay an Enhanced Cash Value Benefit in addition to the policy surrender value if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you surrender the policy before the CDSC is equal to zero; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the surrender is not the result of an exchange under Section 1035 of the Internal Revenue Code,

The Enhanced Cash Value Benefit is equal to the CDSC in effect on the date of your surrender, up to a maximum amount equal to your account value on the date of surrender less any indebtedness. We describe the CDSC, and the period it is in effect, under "Deductions from account value."

The Enhanced Cash Value Benefit does not increase (a) the death benefit payable under the policy, (b) the maximum amount you may borrow from the policy or (c) the maximum amount you may withdraw from the policy through partial withdrawals.

**• <u>Policy Split Option Rider.</u>** At the time of policy issue, you may elect this rider that will permit the Total Sum Insured to be evenly split 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 may be canceled at any time and it will automatically terminate upon the death of either insured person.

*Example:* Assume that your policy's face amount is $1,000,000. Upon divorce, each of the lives insured may be issued a single life policy with a face amount of $500,000, at which point the original policy covering both lives will be terminated.

**• <u>Four-Year Term Rider.</u>** Subject to our underwriting practices, you may be eligible to elect the Four-Year Term Rider at the time of policy issue. This rider provides an additional death benefit if the death of the last surviving insured person occurs during the four-year period following policy issue. In your application for this rider, you will tell us how much term insurance coverage you want on the lives of the insured persons. The benefit will take effect on the Policy Date stated in your policy specifications page and will terminate four years from that date. You may not renew this benefit once it has been terminated.

*Example:* Assume that your policy's face amount is $1,000,000. For the first four policy years, the death benefit payable upon the death of the last surviving insured person will be $1,000,000 + [11/9 \* $1,000,000]= $2,222,222. Beginning in the fifth policy year, the death benefit payable upon the death of the last surviving insured person will be $1,000,000.

We will reduce the amount of insurance under this benefit proportionally upon the occurrence of any reduction in the Total Sum Insured of your policy or upon a partial withdrawal. On receiving due proof of death of the last surviving insured person, we will pay the death benefit amount to the same beneficiary and in the same manner as the proceeds payable under your policy.

**• <u>Enhanced Yield Fixed Account Rider</u><u>—</u>** You may elect to allocate your premiums or policy value to the enhanced yield fixed account that we offer by rider. Obligations under the enhanced yield fixed account are backed by our general account. We will credit interest at the rate we declare. Additional transfer restrictions apply to amounts in enhanced yield fixed account (see "Transfers of existing account value").

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**Taxes** 

**Tax Consequences of Owning a Policy** 

Tax consequences will vary based on your own particular circumstances, and for further information you should consult a qualified tax adviser. This material does not constitute tax or legal advice and neither John Hancock USA nor any of its agents, employees or registered representatives are in the business of offering such advice.

Federal, state and local tax laws, regulations and interpretations can change from time to time. As a result, the tax consequences to you and the beneficiary may be altered, in some cases retroactively. The policy may be used in various arrangements, including non-qualified deferred compensation or salary continuation plans, split dollar insurance plans, executive bonus plans, retiree medical benefit plans and others. The tax consequences of such plans may vary depending on the particular facts and circumstances of each individual arrangement. Therefore, if the value of using the policy in any such arrangement depends in part on the tax consequences, a qualified tax adviser should be consulted for advice.

Generally, death benefits paid under policies such as yours are not subject to income tax unless policy ownership has been transferred in exchange for payment. Earnings on your account value are ordinarily not subject to income tax as long as we don't pay them out to you. If we do distribute any amount of your account value, 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. Any portion not treated as a return of your premiums would be includible in your income.

Distributions for tax purposes include amounts received upon surrender or partial withdrawals and may include the charges for certain supplementary benefit riders as described below. You may also be deemed to have received a distribution for tax purposes if you assign all or part of your policy rights or change your policy's ownership. Amounts you borrow are generally not taxable to you. If you use policy value to pay down a policy loan, the amount so applied will be treated as a distribution.

Please note that certain distributions associated with a reduction in death benefit or other policy benefits within the first fifteen years after issuance of the policy are ordinarily taxable in whole or in part.

Some of the tax rules change if your policy becomes a "modified endowment contract." This can happen if you've paid premiums in excess of limits prescribed by the tax laws. In that case, additional taxes and penalties may be payable for policy distributions of any kind, including loans.

We expect the policy to receive the same Federal income and estate tax treatment as fixed benefit life insurance policies. Section 7702 of the Internal Revenue Code (the "Code") defines a life insurance contract for Federal tax purposes. For a policy to be treated as a life insurance contract, it must satisfy either the cash value accumulation test or the guideline premium test. We will monitor compliance with these standards. If we determine that a policy does not satisfy the definition of life insurance under section 7702, we may take whatever steps are appropriate and reasonable to bring it into compliance with section 7702.

It is possible that, despite our monitoring, a policy might fail to qualify as a life insurance contract under section 7702 of the Code. This could happen, for example, if we inadvertently failed to return to you any premium payments that were in excess of amounts permitted under section 7702, or if any of the funds failed to meet certain investment diversification or other requirements of the Code. If this were to occur, you would be subject to income tax on the income credited to the policy from the date of issue to the date of the disqualification and for subsequent periods.

If the policy complies with section 7702, the death benefit proceeds under the policy ordinarily should be excludible from the beneficiary's gross income under section 101 of the Code. (As noted above, a transfer of the policy for valuable consideration may limit the exclusion of death benefits from the beneficiary's income.)

Tax consequences of ownership or receipt of policy proceeds under Federal, state and local estate, inheritance, gift and other tax laws will depend on the circumstances of each owner or beneficiary. If the person insured by the policy is also its owner, either directly or indirectly through an entity such as a revocable trust, the death benefit will be includible in his or her estate for purposes of the Federal estate tax. Even if ownership has been transferred, the death proceeds or the policy value may be includible in the former owner's estate if the transfer occurred less than three years before the former owner's death or if the former owner retained certain kinds of control over the policy. If the owner is not the person insured, the value of the policy will be includible in the owner's estate upon his or her death. You should consult your tax adviser regarding these possible tax consequences.

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Increases in account value as a result of interest or investment experience will not be subject to Federal income tax unless and until values are received through actual or deemed distributions. In general, unless the policy is a modified endowment contract, the owner will be taxed only on the amount of distributions that exceed the premiums paid under the policy. An exception to this general rule occurs in the case of a decrease in the policy's death benefit or any other change that reduces benefits under the policy in the first fifteen years after the policy is issued and that results in a cash distribution to the policy owner. Changes that reduce benefits include partial withdrawals and reductions in face amount that result in a distribution that is required to keep the policy in compliance with section 7702. For purposes of this rule any distribution within the two years immediately before a reduction in benefits will also be treated as if it were a result of the reduction. A cash distribution that reduces policy benefits will be taxed in whole or in part (to the extent of any gain in the policy) under rules prescribed in section 72(e) of the Code. The taxable amount is subject to limits prescribed in section 7702(f)(7). Any taxable distribution will be ordinary income to the owner (rather than capital gain).

**Tax Consequences of Electing Certain Supplementary Benefit Riders** 

**<u>Cash value enhancement rider.</u>** If you have elected the Enhanced Cash Value Rider, we will not treat the rider charge as a distribution from your life insurance policy for federal income tax purposes; however, such charge will reduce your investment in the policy.

**<u>Policy Split Option Rider.</u>** If you have elected the Policy Split Option Rider, we will treat the rider charge as a distribution from your life insurance policy for federal income tax purposes. Therefore, such charges may be includible in your taxable income if your policy is a modified endowment contract or if your investment in the contract has been reduced to zero.

**Effect on the Company's Taxes** 

We are taxed as a life insurance company. Under current tax law rules, we include the investment income (exclusive of capital gains) of the Separate Account in our taxable income and take deductions for investment income credited to our policy holder reserves. We are also required to capitalize and amortize certain costs instead of deducting those costs when they are incurred. We do not currently charge the Separate Account for any resulting income tax costs, other than a charge we may impose against the Separate Account to compensate us for the cost of a delay in the deductibility of deferred acquisition costs (the "DAC tax" adjustment) pursuant to section 848 of the Internal Revenue Code. We also claim certain tax credits or deductions relating to foreign taxes paid and dividends received by the series funds. These benefits can be material. We do not pass these benefits through to the Separate Account, principally because: (i) the deductions and credits are allowed to us and not the policy owners under applicable tax law; and (ii) the deductions and credits do not represent investment return on the Separate Account assets that is passed through to policy owners.

The policies permit us to deduct a charge for any taxes we incur that are attributable to the operation or existence of the policies or the Separate Account. Currently, we do not anticipate making any specific charge for such taxes other than any DAC tax charge and premium taxes where applicable. If the level of the current taxes increases, however, or is expected to increase in the future, we reserve the right to make a charge in the future.

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**Principal Risks of Investing in the Policy** 

**Lapse Risk** 

If the account value of your policy is insufficient to pay the charges when due, your policy (or part of it) can terminate (i.e. "lapse"). This can happen because you haven't paid enough premiums or because the investment performance of the investment options you've chosen has been poor or because of a combination of both factors. Since withdrawals and policy charges reduce your account value, these also increase the risk of lapse. Policy loans also increase the risk of lapse. There is no guarantee that your policy will not lapse even if you pay your planned premium.

**Investment Risk/Risk of Loss** 

The policy offers a number of variable investment accounts, as listed in the <u>APPENDIX</u>. The investment performance of any variable investment account may be good or bad, and you may lose money on amounts you invest in a policy. Your account value will increase or decrease based on the investment performance of the variable investment accounts you've chosen. The variable investment accounts cover a broad spectrum of investment styles and strategies, some variable investment accounts are riskier than others. These risks (and potential rewards) are discussed in detail in the prospectuses of the portfolios. The death benefit may also increase or decrease with investment experience.

An investment in a policy is also subject to risks related to John Hancock USA, including that the obligations (including under the fixed investment 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.

**Transfer Risk** 

There is a risk that you will not be able to transfer your account value from one variable investment account to another because of limitations on the dollar amount or frequency of transfers you can make. The limitations on transfers out of the fixed investment option are more restrictive than those that apply to transfers out of variable investment accounts. If you purchase certain supplementary benefit riders you will be subject to special transfer restrictions.

To discourage market timing and disruptive trading activity, we impose restrictions on transfers and reserve the right to change, suspend or terminate telephone, facsimile and internet transaction privileges. While we seek to identify and prevent disruptive trading activity, it may not always be possible to do so. Therefore, no assurance can be given that the restrictions we impose will be successful in preventing all disruptive trading and avoiding harm to long term investors.

**Early Surrender or Withdrawal Risk/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. Depending on the account value at the time you are considering surrender, there may be little or no surrender value payable to you.

**Tax Risks** 

In order for you to receive the tax benefits extended to life insurance under the Code, your policy must comply with certain requirements of the Code. We will monitor your policy for compliance with these requirements, but a policy might fail to qualify as life insurance in spite of our monitoring, which can have adverse tax consequences. If the policy were determined not to qualify as life insurance under the Code, you would be taxed on any income or gains those assets generate. In other words, you would lose the value of the so-called "tax-deferred inside build-up" that is a major benefit of life insurance.

There is a tax risk associated with policy loans. Although no part of a loan is treated as income to you when the loan is made unless your policy is a "modified endowment contract," surrender or lapse of the policy with a loan outstanding would result in the loan being treated as a distribution at the time of lapse or surrender. This could result in a considerable tax bill. Under certain circumstances involving large amounts of outstanding loans and an insured person of advanced age, you might find yourself having to choose between high premium requirements to keep your policy from lapsing and a significant tax burden if you allow the lapse to occur.

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Tax consequences of ownership or receipt of policy proceeds (including surrender or withdrawal proceeds) under Federal, state and local estate, inheritance, gift and other tax laws can vary greatly depending upon the circumstances of each owner or beneficiary. There can also be unfavorable tax consequences on such things as the change of policy ownership or assignment of ownership interests. For these and all the other reasons mentioned above, we recommend you consult with a qualified tax adviser before buying the policy and before exercising certain rights under the policy.

There are tax risks associated with the election of certain supplementary benefit riders. (See *"Tax Consequences of Electing Certain Supplementary Benefit Riders*")*.* 

**Cybersecurity Risks** 

Our business and operations are highly dependent upon the effective operation of our computer systems and those of our third-party business partners. As a result, there are potential operational and information security risks associated with attack, damage, or unauthorized access to the technologies and systems on which our business depends. These risks include, among other things, the unauthorized access, theft, loss, misuse, corruption, and destruction of data maintained online or digitally, denial of service on websites and other operational disruption, and unauthorized release of confidential customer information. Cyber-attacks affecting us, any third-party administrator, the underlying portfolios, intermediaries, and other affiliated or third-party service providers may adversely affect us and your policy value. For instance, cyber-attacks may interfere with the processing of actions taken on your policy, including the processing of transactions and orders from our website or with the underlying portfolios, impact our ability to calculate unit values or an underlying portfolio to calculate a net asset value, or cause the release and possible destruction of confidential customer or business information. Cybersecurity risks may also impact the issuers of securities in which the underlying portfolios invest, which may cause the portfolios underlying your policy to lose value. While measures have been implemented that are designed to reduce cybersecurity risks, there can be no guarantee or assurance that we, the underlying portfolios, or our service providers will not suffer losses affecting your policy due to cyber-attacks or information security breaches in the future.

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**Additional Information Regarding the Policy** 

**Charges** 

Under the policies, we deduct the charges discussed immediately below under "Deductions from premium payments" and "Deductions from account value." Although the Fee Table in this prospectus provides disclosure about the maximum rates we are permitted to charge, we currently deduct some of the charges at less than those maximum rates. As a general matter, however, we also are permitted to increase or decrease the rate at which we are deducting any charge, provided that the rate can never exceed the maximum set forth in your policy (including in any applicable supplementary benefit rider) and as disclosed in the Fee Table. By contacting the John Hancock USA Service Office or your John Hancock USA representative at any time, you can obtain information about the then-current rate of any charges that are applicable to your particular circumstances and/or obtain a personalized illustration that will demonstrate the manner in which those specific current charges impact the values under your policy.

**Deductions from premium payments.** 

**<u>Premium sales charge.</u>** A charge to help defray our sales costs. The charge is a percentage of the premiums you pay. The percentage is currently 7% for policy year 1-10 and 3% thereafter. The percentage is guaranteed to never exceed 8% for any policy year.

**<u>Enhanced Cash Value Rider charge.</u>** A charge to cover the cost of this rider, if elected, equal to 4% of premium paid in the first two policy years up to the Target Premium.

**Deductions from account value.** 

**<u>Issue charge.</u>** A monthly charge made for the first four policy years to help defray our sales and administrative costs, equal to 2 % of the "Target Premium" and will be the same regardless of the amount of premium actually paid. The Target Premium is determined at the time the policy is issued and appears in the "Policy Specifications" section of the policy. In general, the greater the proportion of Additional Sum Insured at issue, the lower the Target Premium.

**<u>Per Thousand TSI charge.</u>** A monthly charge to help defray our sales and administrative costs, currently equal to $0.035 per thousand of Total Sum Insured for the first 10 policy years. The guaranteed charge is $0.035 per thousand of Total Sum Insured in every year.

**<u>Maintenance charge.</u>** A monthly charge to help defray our administrative costs. This is a flat dollar charge currently equal to $12 per month (guaranteed amount of $20 per month) in all policy years.

**<u>Insurance charge.</u>** A monthly charge for the cost of insurance. To determine the charge, we multiply the amount of insurance for which we are at risk by a cost of insurance rate. The rate is derived from an actuarial table and the ratio of Basic Sum Insured to Additional Sum Insured on the date we issue your policy. The table in your policy will show the maximum cost of insurance rates. The cost of insurance rates that we currently apply are generally less than the maximum rates. We will review the cost of insurance rates at least every 5 years and may change them from time to time. However, those rates will never be more than the maximum rates shown in the policy. The table of rates we use will depend on the insurance risk characteristics and (usually) gender of each of the insured persons, the Total Sum Insured and the length of time the policy has been in effect. Regardless of the table used, cost of insurance rates generally increase each year that you own your policy, as each insured person's attained age increases. (An insured person's "attained age" on any date is his or her age on the birthday nearest that date). The insurance charge is not affected by the death of the first insured person to die. The insurance charge for death benefit Option B will tend to be higher than the insurance charge for death benefit Option A (see "The death benefit").

**<u>Asset-based risk charge.</u>** A monthly charge for mortality and expense risks we assume. The charge is a percentage of that portion of your account value allocated to variable investment options. The current percentage on the first $25,000 of account value allocated to variable investment options is .05%. We guarantee that this percentage will never exceed .067%. The current percentages on the account value allocated to the variable investment options in excess of $25,000 are .05% for policy years 1 through 5, .021% for policy years 6 through 10, and 0% for policy years 11 and thereafter. This charge does not apply to the fixed investment option.

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**<u>Contingent deferred sales charge ("CDSC").</u>** A charge we deduct if the policy lapses or is surrendered within the first 14 policy years. We deduct this charge to compensate us for sales expenses that we would otherwise not recover in the event of early lapse or surrender. The charge is a percentage of the premiums we received in the first policy year that does not exceed the first year Target Premium, as shown in the following table:

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| | |
|:---|:---|
| **Policy Year(s)** | **Percentage of**<br> **Premiums Received**<br>|
| 1 | &nbsp;&nbsp; 100% |
| 2 | &nbsp;&nbsp; 93% |
| 3 | &nbsp;&nbsp; 86% |
| 4 | &nbsp;&nbsp; 79% |
| 5 | &nbsp;&nbsp; 71% |
| 6 | &nbsp;&nbsp; 64% |
| 7 | &nbsp;&nbsp; 57% |
| 8 | &nbsp;&nbsp; 50% |
| 9 | &nbsp;&nbsp; 43% |
| 10 | &nbsp;&nbsp; 36% |
| 11 | &nbsp;&nbsp; 29% |
| 12 | &nbsp;&nbsp; 21% |
| 13 | &nbsp;&nbsp; 14% |
| 14 | &nbsp;&nbsp;&nbsp; 7% |
| 15 and later | &nbsp;&nbsp;&nbsp; 0% |

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The percentages may be lower for older issue ages due to certain state law restrictions. A pro-rata portion of the CDSC may also be charged in the case of certain types of withdrawals (see "Partial withdrawals").

**<u>Partial withdrawal charge.</u>** A charge for each partial withdrawal of account value to compensate us for the administrative expenses of processing the withdrawal. The charge is equal to the lesser of 2% of the withdrawal amount or $50.

**<u>Supplementary benefit rider charges.</u>** A charge for any supplementary insurance benefits added to the policy by means of a rider. Maximum charges for the various riders are shown in the Fee Table above under "Transaction Fees" or "Periodic Charges Other than Annual Portfolio Expenses," as appropriate. These charges are also specified in the rider's provisions or the policy specifications. You can obtain information about the specific charges applicable to you from your John Hancock USA representative.

**<u>Loan interest charge.</u>** We will charge interest on any amount you borrow from your policy. 3.75% is the maximum effective annual interest rate we can charge and applies only during policy years 1-10. The effective annual interest rate is 3.50% for policy years 11-20 and, under our current rules, is 3.00% thereafter. However, we reserve the right to increase the effective annual rate after policy year 20 to as much as 3.25%. The amount of any loan is transferred from the investment options to a special loan account which earns interest at an effective annual rate of 4.00%. Therefore, the true cost of a loan is the difference between the loan interest we charge and the interest we credit to the special loan account.

**<u>Transfer fee.</u>** We currently do not impose a fee upon transfers of account value among the variable investment accounts, but reserve the right to impose a fee of up to $25 for any transfer beyond an annual limit (which will not be less than 12) to compensate us for the costs of processing these transfers.

**Charges at the portfolio level.** The portfolios must pay investment management fees and other operating expenses from portfolio assets. These fees and expenses are different for each portfolio and reduce the investment return of each portfolio. Therefore, they also indirectly reduce the return you will earn on any variable investment accounts you select. Expenses of the portfolios are not fixed or specified under the terms of the policy, and those expenses may vary from year to year. See <u>APPENDIX</u>.

**Additional Information About How Certain Policy Charges Work** 

The sales charges (i.e., the premium sales charge and the CDSC) help to compensate us for the cost of selling our policies. The amount of the charges in any policy year does not specifically correspond to sales expenses for that year. We expect to recover our total sales expenses over the life of the policies. To the extent that the sales charges do not cover total sales expenses, the sales expenses may be recovered from other sources, including gains from the asset-based risk charge and other

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gains with respect to the policies, or from our general assets. Similarly, administrative expenses not fully recovered by the administrative charge may also be recovered from such other sources. We also may make a profit from any charge and can use any such profits to defray any of our expenses under the policies or for any other proper corporate purpose.

Unless we agree otherwise or you do not have sufficient funds in any fixed investment option or variable investment accounts, we deduct the monthly deductions from your policy's variable investment accounts and any fixed investment option in proportion to the amount of account value you have in each of those accounts.

**Other Charges We Could Impose in the Future** 

Except for the tax charge deducted from premium payments, we currently make no charge for our Federal income taxes. However, if we incur, or expect to incur, income taxes attributable to any subaccount of the Account or this class of policies in future years, we reserve the right to make a charge for such taxes. Any such charge would reduce what you earn on any affected investment options. However, we expect that no such charge will be necessary.

We also reserve the right to increase the tax charge in order to correspond with changes in the state premium tax levels or in the Federal income tax treatment of the deferred acquisition costs for this type of policy.

Under current laws, we may incur state and local taxes (in addition to premium taxes) in several states. At present, these taxes are not significant. If there is a material change in applicable state or local tax laws, we may make charges for such taxes.

Our right to increase any charge up to the maximum rate shown in the policy specifications applies to then outstanding policies, as well as to policies issued after the increase.

**Commissions Paid to Dealers** 

We pay compensation to broker-dealers for the promotion and sale of the policies, and for providing ongoing service in relation to policies that have already been purchased. We may also pay a limited number of broker-dealers commissions or overrides to "wholesale" the policies; that is, to provide marketing support and training services to the broker-dealer firms that do the actual selling. The compensation paid is not expected to exceed the following schedule: policy year 1, 125% of the premium paid up to the first tier and 8.0% of any excess premiums; policy years 2-5, 8.0% of the premium paid up to the first tier and 4.0% of any excess premiums; policy years 6-10, 8% of the premium paid up to the first tier and 3.0% of any excess premiums; and policy years 11+, no commissions paid. This compensation schedule is exclusive of additional compensation and revenue sharing and inclusive of overrides and expense allowances paid to broker-dealers for sale of the policies (not including riders). Under their own arrangements, broker-dealers determine how much of any amounts received from us is to be paid to their registered representatives.

To the extent permitted by SEC and Financial Industry Regulatory Authority ("FINRA") rules and other applicable laws and regulations, we may enter into special compensation or reimbursement arrangements ("revenue sharing"), either directly or through JH Distributors, with selected broker-dealers and other financial intermediaries. In consideration of these arrangements, a firm may feature our policy in its sales system, give us preferential access to sales staff, or allow JH Distributors or its affiliates to participate in conferences, seminars or other programs attended by the firm's sales force. We hope to benefit from these revenue sharing and other arrangements through increased sales of our policies.

Selling broker-dealers and other financial intermediaries may receive, directly or indirectly, additional payments in the form of cash, other compensation or reimbursement. These additional compensation or reimbursement arrangements may include, for example, payments in connection with the firm's "due diligence" examination of the policies, payments for providing conferences or seminars, sales or training programs for invited registered representatives and other employees, payment for travel expenses, including lodging, incurred by registered representatives and other employees for such seminars or training programs, seminars for the public or client seminars, advertising and sales campaigns regarding the policies, payments to assist a firm in connection with its systems, operations and marketing expenses and/or other events or activities sponsored by the firms. We may contribute to, as well as sponsor, various educational programs, sales promotions, and/or other contests in which participating firms and their sales persons may receive gifts and prizes such as merchandise, cash or other rewards as may be permitted under FINRA rules and other applicable laws and regulations.

You should contact your registered representative for more information on compensation arrangements in connection with your purchase of a policy. We provide additional information on special compensation or reimbursement arrangements involving broker-dealers and other financial intermediaries in the Statement of Additional Information (the "SAI").

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**Lapse and Reinstatement** 

**Lapse.** Either your entire policy or the Additional Sum Insured portion of your Total Sum Insured can terminate (i.e., "lapse") for failure to pay charges due under the policy. Therefore, a policy could lapse eventually if increases in account value (prior to deduction of policy charges) are not sufficient to cover policy charges. During the first 5 policy years, there can be no lapse of any kind if the guaranteed death benefit feature is in effect (see below). If the guaranteed death benefit feature is in effect after the 5th policy year, the Additional Sum Insured and any additional benefit riders (unless otherwise stated therein) will be in default and may lapse if the policy's surrender value is not sufficient to pay the charges on a grace period testing date. If the guaranteed death benefit feature is not in effect, the entire policy will be in default and may lapse if the policy's surrender value is not sufficient to pay the charges on a grace period testing date. In either case, we will notify you of how much you will need to pay to keep the Additional Sum Insured or the policy in force. You will have a 61 day "grace period" to make these payments. If you pay these amounts during the grace period, you may also continue the guaranteed death benefit feature by paying the necessary amount of GDB Premiums. If you don't pay at least the required amount by the end of the grace period, the Additional Sum Insured and any additional benefit riders (unless otherwise stated therein) or your policy, as the case may be, will lapse.

**Reinstatement.** If your policy lapses, all coverage under the policy will cease. Even if the policy or the Additional Sum Insured terminates in this way, you can still reactivate (i.e., "reinstate") it within 3 years from the beginning of the grace period. You will have to provide evidence that the insured person still meets our requirements for issuing coverage. You will also have to pay a minimum amount of premium and be subject to the other terms and conditions applicable to reinstatements, as specified in the policy. Reinstatement of a lapsed policy or Additional Sum Insured will take effect on the monthly deduction date on or next following the date we approve the reinstatement request.

If the guaranteed death benefit is not in effect and the last surviving insured person dies during the grace period, we will deduct any unpaid monthly charges from the death benefit. During a grace period, you cannot make a partial withdrawal or policy loan.

Generally, the suicide exclusion and incontestability provision will apply from the effective date of the reinstatement. Your policy will indicate if this is not the case. A surrendered policy cannot be reinstated.

**Variations** 

Insurance laws and regulations apply to us in every state in which our policies are sold. As a result, terms and conditions of your insurance coverage may vary depending on where you purchase a policy. Specific variations from the information appearing in this prospectus which are required due to insurance laws and regulations are contained in your policy, or in riders or endorsements attached to your policy. You should refer to your policy for these state specific features.

We may vary the charges and other terms of our policies where special circumstances result in sales or administrative expenses, mortality risks or other risks that are different from those normally associated with the policies, subject to the maximum charges described in this prospectus. For example, with respect to policies issued to a class of associated individuals or to a trustee, employer or similar entity where we anticipate that the sales to the members of the class will result in lower than normal sales or administrative expenses, lower taxes or lower risks to us, we may offer the policies with reduced charges or with additional or enhanced features or benefits. We will make these programs available in accordance with our established administrative procedures in effect at the time of the application for a policy. The factors we consider in determining the eligibility of a particular group for such a program are: (i) the nature of the association and its organizational framework; (ii) the method by which sales will be made to the members of the class; (iii) the facility with which premiums will be collected from the associated individuals and the association's capabilities with respect to administrative tasks; (iv) the anticipated lapse and surrender rates of the policies; (v) the size of the class of associated individuals and the number of years it has been in existence; (vi) the aggregate amount of premiums paid; and (vii) any other such circumstances which result in a reduction in sales or administrative expenses, lower taxes or lower risks. Any reduction in charges or feature or benefit enhancement will be reasonable and will apply uniformly to all prospective policy investors in the class and will not unfairly discriminate against any owner.

**Policy or Separate Account Changes** 

We reserve the right to make any changes in the policy necessary to ensure the policy is within the definition of life insurance under the Federal tax laws and is in compliance with any changes in Federal or state tax laws.

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In our policies, we reserve the right to make certain changes if they would serve the best interests of policy owners or would be appropriate in carrying out the purposes of the policies. These changes include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes necessary to comply with or obtain or continue exemptions under the Federal securities laws

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adding or removing fixed investment options or variable investment accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Combining variable investment accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Closing the variable investment accounts to new allocations or transfers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes in the form of organization of any separate account

Any such changes will be made only to the extent permitted by applicable laws and only in the manner permitted by such laws. When required by law, we will obtain your approval of the changes and the approval of any appropriate regulatory authority.

We also reserve the right, subject to compliance with applicable law, including approval of owners if so required, (1) to transfer assets determined by John Hancock USA to be associated with the class of policies to which your policy belongs from the Separate Account to another separate account or subaccount, (2) to deregister the Separate Account under the 1940 Act, (3) to substitute for the fund shares held by a subaccount any other investment permitted by law, and (4) to take any action necessary to comply with or obtain any exemptions from the 1940 Act. Any such change will be made only if, in our judgment, the change would best serve the interests of owners of policies in your policy class or would be appropriate in carrying out the purposes of such policies. We would notify owners of any of the foregoing changes and to the extent legally required, obtain approval of affected owners and any regulatory body prior thereto. Such notice and approval, however, may not be legally required in all cases.

**When We Pay Policy Proceeds** 

We will ordinarily pay any death benefit, withdrawal, surrender value or loan within seven days after we receive the last required form or request (and, with respect to the death benefit, any other documentation that may be required). You may choose to receive proceeds from the policy as a single sum. If we do not have information about the desired manner of payment within seven days after the date we receive documentation of the insured person's death, we will pay the proceeds as a single sum. As permitted by state law and our current administrative procedures, death claim proceeds may be placed into an interest-bearing John Hancock retained asset account in the beneficiary's name. The interest earned in a John Hancock retained asset account is normally subject to income tax. You should consult with your tax advisor if you have any questions regarding taxation of the interest earned. We will provide the beneficiary with a checkbook, so checks may be written for all or a part of the proceeds. The retained asset account is part of our general account and is subject to the claims of our creditors. It is not a bank account and it is not insured by the FDIC. We may receive a benefit from managing proceeds held in a retained asset account. Alternatively, you can elect to have proceeds of $1,000 or more applied to any of the other payment options we may offer at the time. You cannot choose an option if the monthly payments under the option would be less than $50. We will issue a supplementary agreement when the proceeds are applied to any alternative payment option. That agreement will spell out terms of the option in full. Please contact our Service Office for more information.

We reserve the right to defer payment of that portion of your account value that is attributable to a premium payment made by check for a reasonable period of time (not to exceed fifteen days) to allow the check to clear the banking system. We will not delay payment longer than necessary for us to verify a check has cleared the banking system.

We reserve the right to defer payment of any death benefit, loan or other distribution that is derived from a variable investment account if (1) the NYSE is closed (other than customary weekend and holiday closings) or trading on the NYSE is restricted; (2) an emergency exists, as determined by the SEC, as a result of which disposal of securities is not reasonably practicable or it is not reasonably practicable to fairly determine the account value; or (3) the SEC by order permits the delay for the protection of owners. Transfers and allocations of account value among the variable investment accounts may also be postponed under these circumstances. If we need to defer calculation of separate account values for any of the foregoing reasons, all delayed transactions will be processed at the next values that we do compute.

State laws allow us to defer payment of any portion of the surrender value derived from the fixed investment option for up to six months. These laws were enacted many years ago to help insurance companies in the event of a liquidity crisis.

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**When the younger insured person reaches 100** 

If the policy is still in effect on the policy anniversary nearest the 100th birthday of the younger of the two insured persons, the following things will happen whether or not the younger insured person is actually alive on that policy anniversary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We will stop deducting any monthly charges (other than the asset-based risk charge) and will stop accepting any premium payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The death benefit will become equal to the greater of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the account value on the date of death, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the lesser of (i) the Basic Sum Insured plus the account value on the date of death, and (ii) the Basic Sum Insured plus the Additional Sum Insured in effect immediately before the policy anniversary nearest the 100th birthday of the younger insured person.

Death benefit Options A and B (as described above) will all cease to apply. If the guaranteed death benefit feature is in effect on the policy anniversary nearest the 100th birthday of the younger insured person, the death benefit as described above will be guaranteed not to lapse.

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**General Description of Registrant, Depositor and Portfolios** 

**Depositor** 

Your policy is issued by John Hancock Life Insurance Company (U.S.A.), 200 Berkeley St., Boston, MA 02116.

**Registrant** 

The "registrant" of the policies with the SEC is the John Hancock Variable Life Account UV, a separate account operated by us under Michigan law (the "Separate Account"). Each subaccount of the Separate Account invests its assets in one of the portfolios shown in the <u>APPENDIX</u>.

The Separate Account's assets are our property. Each policy provides that amounts we hold in the Separate Account pursuant to the policies cannot be reached by any other persons who may have claims against us and can't be used to pay any obligations of John Hancock USA other than those arising out of policies that use the Separate Account. Income, gains and losses credited to, or charged against, the Separate Account reflect the Separate Account's own investment experience and not the investment experience of John Hancock USA's other assets. All obligations under the policies (including under any fixed investment option), guarantees, or benefits are obligations of John Hancock USA and are subject to its claims paying ability.

We normally compute account values for each business day as of the close of the NYSE on that day (usually 4:00 p.m. Eastern time). In case of emergency or other disruption resulting in the NYSE closing at a time other than the regularly scheduled close, the close of our business day may be the regularly scheduled close of the NYSE or another time permitted by the SEC and applicable regulations. Over time, the amount you've invested in any variable investment account will increase or decrease the same as if you had invested the same amount directly in the corresponding portfolio and had reinvested all of that portfolios' dividends and distributions in additional portfolio shares, except that we will deduct certain additional charges which will reduce your account value. We describe these charges under "Charges at the portfolio level." For certain policy years, we also will apply a policy credit to your account value.

**Portfolios** 

Information regarding each portfolio, including (i) its name; (ii) its investment objective; (iii) its investment adviser and any sub-investment adviser; (iv) current expenses; and (v) performance is available in the <u>APPENDIX</u> to this prospectus. Each portfolio has issued a prospectus that contains more detailed information about the portfolio. You can obtain the prospectus (hard copy or electronic) and additional information about any portfolio, at the addresses or phone number set forth in the first paragraph of the <u>APPENDIX</u>. On each business day, shares of each series are purchased or redeemed by us for each subaccount based on, among other things, the amount of net premiums allocated to the subaccount, distributions reinvested, and transfers to, from and among subaccounts, all to be effected as of that date. Such purchases and redemptions are effected at each series fund's net asset value per share determined for that same date. A "business day" is any date on which the NYSE is open for trading.

We will purchase and redeem series fund shares for the Separate Account at their net asset value without any sales or redemption charges. Shares of a series fund represent an interest in one of the funds of the series fund which corresponds to a subaccount of the Separate Account. Any dividend or capital gains distributions received by the Separate Account will be reinvested in shares of that same fund at their net asset value as of the dates paid. We normally calculate the unit values for each variable investment account once every business day as of the close of that day, usually 4:00 p.m. Eastern time. Sales and redemptions within any variable investment account will be transacted using the unit value calculated as follows after we receive your request either in writing or other form that we specify: If we receive your request before the close of our business day, we'll use the unit value calculated as of the end of that business day. If we receive your request at or after the close of our business day, we'll use the unit value calculated as of the end of the next business day. If a scheduled transaction falls on a day that is not a business day, we'll process it as of the end of the next business day.

**Voting Portfolio Shares** 

We will vote all portfolio shares that we hold in the Separate Account for policy owners in proportion to instructions timely received by us from policy owners from all our Separate Accounts that are registered with the SEC under the 1940 Act. We will vote all portfolio shares that we otherwise are entitled to vote (including our own shares and other shares for which we receive no instructions) on any matter in proportion to the instructions timely received by us and any affiliated insurance

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companies with respect to the matter from policy owners in separate accounts of these insurance companies that are registered with the SEC under the 1940 Act. The effect of this proportional voting is that a small number of policy owners can determine the outcome of a vote. The voting privileges described above reflect our understanding of applicable Federal securities law requirements. To the extent that applicable law, regulations or interpretations change to eliminate or restrict the need for such voting privileges, we reserve the right to proceed in accordance with any such revised requirements.

We will determine the number of portfolio shares for which voting instructions may be given not more than 90 days prior to the meeting. Proxy material will be distributed to each person having the voting interest under the policy together with appropriate forms for giving voting instructions.

We determine the number of a portfolio's shares held in a subaccount attributable to each owner by dividing the amount of a policy's variable investment account value held in the subaccount by the net asset value of one share in the series fund. Fractional votes will be counted. We determine the number of shares as to which the owner may give instructions as of the record date for a series fund's meeting. Owners of policies may give instructions regarding the election of the Board of Trustees or Board of Directors of a series fund, ratification of the selection of independent auditors, approval of series fund investment advisory agreements and other matters requiring a shareholder vote.

**Legal Proceedings** 

There are no legal proceedings to which the Depositor, the Separate Account or the principal underwriter is a party or to which the assets of the Separate Account are subject that are likely to have a material adverse effect on the Separate Account or the ability of the principal underwriter to perform its contract with the Separate Account or of the Depositor to meet its obligations under the policy.

**Financial Statements** 

The financial statements of the Separate Account, as well as the consolidated financial statements of John Hancock USA are in the SAI. The financial statements of John Hancock USA have relevance for the policies only to the extent that they bear upon its ability to meet its obligations under the policies. You may request an SAI by contacting our Service Office at a phone number or address shown on the back cover of this prospectus.

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**Appendix: Portfolios Available Under The Policy** 

The following is a list of portfolios available under the policies. More information about the portfolios is available in the prospectuses for the portfolios, which may be amended from time to time. You can find the prospectuses and other information about the portfolios at dfinview.com/JohnHancock/PUFT/PSVUL_UV. You can also request this information at no cost by calling 1-800-732-5543 or by sending an email request to life_and_annuities_prospectuses@jhancock.com.

The current expenses and performance information below reflect fees and expenses of the portfolios, but do not reflect the other fees and expenses that your policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each portfolio's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To approximate the aggregate total return <br> of a broad-based U.S. domestic equity <br> market index.<br>| 500 Index Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.25%<sup>\*</sup> | 17.57 | 14.12 | 14.52 |
| To seek income and capital appreciation. | Active Bond Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.65%<sup>\*</sup> | &nbsp;&nbsp; 7.56 | &nbsp;&nbsp; 0.09 | &nbsp;&nbsp; 2.67 |
| To seek to provide high total return <br> (including income and capital gains) <br> consistent with preservation of capital <br> over the long term.<br>| American Asset Allocation Trust - Series <br> I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91%<sup>\*</sup> | 15.39 | &nbsp;&nbsp; 8.57 | &nbsp;&nbsp; 9.37 |
| To seek to provide long-term growth of <br> capital.<br>| American Global Growth Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.07%<sup>\*</sup> | 21.17 | &nbsp;&nbsp; 7.81 | 11.74 |
| To seek to provide growth of capital. | American Growth Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.95%<sup>\*</sup> | 19.81 | 12.95 | 17.53 |
| To seek to provide long-term growth of <br> capital and income.<br>| American Growth-Income Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91% | 17.65 | 13.48 | 13.50 |
| To provide long-term growth of capital. <br> Current income is a secondary objective.<br>| Blue Chip Growth Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.75%<sup>\*</sup> | 18.57 | 11.76 | 15.62 |
| To seek long-term capital appreciation. | Capital Appreciation Value Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.88%<sup>\*</sup> | 11.62 | &nbsp;&nbsp; 9.11 | 10.95 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek total return consisting of income <br> and capital appreciation.<br>| Core Bond Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Allspring Global Investments, LLC*<br>| 0.62%<sup>\*</sup> | &nbsp;&nbsp; 7.03 | -0.52 | &nbsp;&nbsp; 1.96 |
| To seek long-term capital appreciation. | Disciplined Value Emerging Markets <br> Equity Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.91%<sup>\*</sup> | 32.00 | &nbsp;&nbsp; 7.83 | &nbsp;&nbsp; 8.56 |
| To seek long-term growth of capital. | Disciplined Value International Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.79% | 41.02 | 12.70 | &nbsp;&nbsp; 8.97 |
| To provide substantial dividend income <br> and also long-term growth of capital.<br>| Equity Income Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.73%<sup>\*</sup> | 14.42 | 11.15 | 10.52 |
| To seek growth of capital. | Financial Industries Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.88%<sup>\*</sup> | 12.11 | 11.49 | 10.60 |
| To seek long-term growth of capital. | Fundamental All Cap Core Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.71%<sup>\*</sup> | &nbsp;&nbsp; 4.84 | 11.79 | 13.80 |
| To seek long-term capital appreciation. | Fundamental Large Cap Value Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.72%<sup>\*</sup> | 16.01 | 14.96 | 12.64 |
| To seek long-term capital appreciation. | Global Equity Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.88%<sup>\*</sup> | 18.20 | 10.17 | &nbsp;&nbsp; 8.39 |
| To seek long-term capital appreciation. | Health Sciences Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.99%<sup>\*</sup> | 19.53 | &nbsp;&nbsp; 4.19 | &nbsp;&nbsp; 8.75 |
| The fund seeks high current income. <br> Capital appreciation is a secondary goal.<br>| High Yield Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.69%<sup>\*</sup> | &nbsp;&nbsp; 7.45 | &nbsp;&nbsp; 4.02 | &nbsp;&nbsp; 6.14 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek to track the performance of a <br> broad-based equity index of foreign <br> companies primarily in developed <br> countries and, to a lesser extent, in <br> emerging markets.<br>| International Equity Index Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*SSGA Funds Management, Inc.*<br>| 0.34%<sup>\*</sup> | 32.57 | &nbsp;&nbsp; 7.68 | &nbsp;&nbsp; 8.33 |
| To seek long-term capital appreciation. | International Small Company Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>| 1.01%<sup>\*</sup> | 35.01 | &nbsp;&nbsp; 8.04 | &nbsp;&nbsp; 7.85 |
| To provide a high level of current income <br> consistent with the maintenance of <br> principal and liquidity.<br>| Investment Quality Bond Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.72%<sup>\*</sup> | &nbsp;&nbsp; 6.94 | -0.44 | &nbsp;&nbsp; 2.41 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on growth of <br> capital.<br>| Lifestyle Balanced Portfolio - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.74%<sup>\*</sup> | 14.06 | &nbsp;&nbsp; 5.49 | &nbsp;&nbsp; 7.07 |
| To seek a high level of current income <br> with some consideration given to growth <br> of capital.<br>| Lifestyle Conservative Portfolio - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.71%<sup>\*</sup> | 10.07 | &nbsp;&nbsp; 2.02 | &nbsp;&nbsp; 4.20 |
| To seek long-term growth of capital. <br> Current income is also a consideration.<br>| Lifestyle Growth Portfolio - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.76%<sup>\*</sup> | 16.84 | &nbsp;&nbsp; 7.86 | &nbsp;&nbsp; 8.96 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on income.<br>| Lifestyle Moderate Portfolio - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.73%<sup>\*</sup> | 12.69 | &nbsp;&nbsp; 4.30 | &nbsp;&nbsp; 6.10 |
| To seek growth of capital and current <br> income while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Balanced Portfolio - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.87% | &nbsp;&nbsp; 9.87 | &nbsp;&nbsp; 4.69 | &nbsp;&nbsp; 5.58 |
| To seek current income and growth of <br> capital, while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Conservative Portfolio <br> - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.85% | &nbsp;&nbsp; 8.91 | &nbsp;&nbsp; 1.00 | &nbsp;&nbsp; 3.14 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek long term growth of capital while <br> seeking to both manage the volatility of <br> return and limit the magnitude of <br> portfolio losses.<br>| Managed Volatility Growth Portfolio - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.91% | 10.89 | &nbsp;&nbsp; 6.32 | &nbsp;&nbsp; 6.28 |
| To seek current income and growth of <br> capital while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Moderate Portfolio - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.87% | &nbsp;&nbsp; 9.34 | &nbsp;&nbsp; 3.78 | &nbsp;&nbsp; 5.11 |
| To seek long-term growth of capital. | Mid Cap Growth Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.88%<sup>\*</sup> | &nbsp;&nbsp; 6.17 | &nbsp;&nbsp; 1.36 | 11.75 |
| Seeks to approximate the aggregate total <br> return of a mid cap U.S. domestic equity <br> market index.<br>| Mid Cap Index Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.41%<sup>\*</sup> | &nbsp;&nbsp; 7.03 | &nbsp;&nbsp; 8.68 | 10.29 |
| To seek long-term capital appreciation. | Mid Value Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.98%<sup>\*</sup> | &nbsp;&nbsp; 5.87 | 11.69 | 10.91 |
| To obtain maximum current income <br> consistent with preservation of principal <br> and liquidity.<br>| Money Market Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.28%<sup>\*</sup> | &nbsp;&nbsp; 4.07 | &nbsp;&nbsp; 3.03 | &nbsp;&nbsp; 1.97 |
| To seek maximum total return, consistent <br> with preservation of capital and prudent <br> investment management.<br>| Opportunistic Fixed Income Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.92%<sup>\*</sup> | &nbsp;&nbsp; 9.60 | &nbsp;&nbsp; 0.62 | &nbsp;&nbsp; 3.25 |
| To seek to achieve a combination of long-<br> term capital appreciation and current <br> income.<br>| Real Estate Securities Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.76%<sup>\*</sup> | &nbsp;&nbsp; 0.63 | &nbsp;&nbsp; 5.77 | &nbsp;&nbsp; 5.91 |
| To seek long-term growth of capital. <br> Current income is incidental to the fund's <br> objective.<br>| Science & Technology Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.99%<sup>\*</sup> | 23.64 | 13.03 | 19.84 |
| To seek income and capital appreciation. | Select Bond Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.60%<sup>\*</sup> | &nbsp;&nbsp; 7.52 | -0.27 | &nbsp;&nbsp; 2.26 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek a high level of current income <br> consistent with preservation of capital. <br> Maintaining a stable share price is a <br> secondary goal.<br>| Short Term Government Income Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.65%<sup>\*</sup> | &nbsp;&nbsp; 5.09 | &nbsp;&nbsp; 0.67 | &nbsp;&nbsp; 1.25 |
| To seek long-term capital appreciation. | Small Cap Core Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.90%<sup>\*</sup> | &nbsp;&nbsp; 0.11 | &nbsp;&nbsp; 6.53 | &nbsp;&nbsp; 6.10 |
| Seeks to approximate the aggregate total <br> return of a small cap U.S. domestic equity <br> market index.<br>| Small Cap Index Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.48%<sup>\*</sup> | 12.42 | &nbsp;&nbsp; 5.72 | &nbsp;&nbsp; 9.24 |
| To seek long-term capital appreciation. | Small Cap Opportunities Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>0.87%<sup>\*</sup> | &nbsp;&nbsp; 9.22 | 10.59 | 10.09 |
| To seek long-term capital appreciation. | Small Cap Stock Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.08%<sup>\*</sup> | 12.70 | &nbsp;&nbsp; 0.39 | 10.12 |
| To seek long-term growth of capital. | Small Company Value Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.16%<sup>\*</sup> | &nbsp;&nbsp; 7.11 | &nbsp;&nbsp; 6.02 | &nbsp;&nbsp; 8.98 |
| To seek a high level of current income. | Strategic Income Opportunities Trust - <br> Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.74%<sup>\*</sup> | &nbsp;&nbsp; 7.51 | &nbsp;&nbsp; 1.61 | &nbsp;&nbsp; 3.26 |
| To seek to track the performance of the <br> Bloomberg U.S. Aggregate Bond Index <br> (the "Bloomberg Index") (which <br> represents the U.S. investment grade bond <br> market).<br>| Total Bond Market Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.25%<sup>\*</sup> | &nbsp;&nbsp; 6.91 | -0.65 | &nbsp;&nbsp; 1.75 |
| Seeks to approximate the aggregate total <br> return of a broad U.S. domestic equity <br> market index.<br>| Total Stock Market Index Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.51%<sup>\*</sup> | 16.68 | 12.42 | 13.73 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek long-term growth of capital. | U.S. Growth Trust - Series NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.62%<sup>\*</sup> | 20.76 | 11.77 | 17.13 |
| The fund seeks a high level of current <br> income consistent with the maintenance <br> of liquidity and the preservation of <br> capital.<br>| Ultra Short Term Bond Trust - Series <br> NAV<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.62%<sup>\*</sup> | &nbsp;&nbsp; 4.34 | &nbsp;&nbsp; 2.52 | &nbsp;&nbsp; 2.01 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek to provide capital appreciation.<br> TOPS<sup>®</sup> Aggressive ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.54% | 18.83 | 9.41 | 10.43 |
| To seek to provide income and capital <br> appreciation.<br>TOPS<sup>®</sup> Balanced ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.54% | 12.85 | 5.52 | &nbsp;&nbsp; 6.39 |
| To seek to preserve capital and provide <br> moderate income and moderate capital <br> appreciation.<br>TOPS<sup>®</sup> Conservative ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.56% | 10.15 | 4.34 | &nbsp;&nbsp; 4.99 |
| To seek to provide capital appreciation.<br> TOPS<sup>®</sup> Moderate ETF - Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.53% | 15.13 | 6.92 | &nbsp;&nbsp; 7.99 |
| To seek to provide capital appreciation.<br> TOPS<sup>®</sup> Moderately Aggressive ETF - <br> Class 2<br>ValMark Advisers, Inc./*Milliman* <br> *Financial Risk Management, LLC*<br>| 0.54% | 17.99 | 8.56 | &nbsp;&nbsp; 9.53 |

---

*\* This portfolio's annual expenses reflect temporary fee or expense waivers or reimbursements.*

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **<u>JOHN HANCOCK USA SERVICE OFFICE</u>** | **<u>JOHN HANCOCK USA SERVICE OFFICE</u>** |
| **<u>Overnight Express Delivery</u>** | **<u>Mail Delivery</u>** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Post Issue <br> John Hancock Insurance Company <br> 372 University Ave, Suite #55979 <br> Westwood, MA 02090<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Post Issue <br> John Hancock Insurance Company<br> PO Box 55979<br> Boston, MA 02205<br>|
| **<u>Phone:</u>** |  |
| 1-800-732-5543 |  |

---

In addition to this prospectus, John Hancock USA has filed with the SEC an SAI that contains additional information about John Hancock USA and the Separate Account, including information on our history, services provided to the Separate Account, and the audited financial statements for John Hancock USA and the Separate Account. The SAI is incorporated by reference into this prospectus and personalized illustrations of death benefits, account values and surrender values are available, without charge, upon request. You may obtain the personalized illustrations from your John Hancock USA representative. You can view the SAI and other information about your Policy at dfinview.com/JohnHancock/PUFT/PSVUL_UV. The SAI may also be obtained, without charge, by contacting the John Hancock USA Service Office. You should also contact the John Hancock USA Service Office to request any other information about your policy or to make any inquiries about its operation.

Reports and other information about the Separate Account are available on the SEC's Internet website at **http://www.sec.gov**. Copies of such information may be obtained, upon payment of a duplicating fee, by submitting an electronic request to the following email address: publicinfo@sec.gov.

1940 Act File No. 811-7766—1933 Act File No. 333-164164 <br>EDGAR Contract Identifier No. C000085995

------

**Supplement Dated April 27, 2026** <br>**TO** <br>**Prospectuses Dated April 27, 2026**

------

This Supplement is to be distributed with certain prospectuses for variable life insurance policies of John Hancock Life Insurance Company (U.S.A.) or John Hancock Life Insurance Company of New York.

The prospectuses involved bear the title "Accumulation SVUL," "Accumulation Survivorship Variable Universal Life 2020," "Accumulation Variable Universal Life," "Accumulation Variable Universal Life 08," "Accumulation Variable Universal Life 2014," "Accumulation Variable Universal Life 2019," "Accumulation Variable Universal Life 2021," "Accumulation Variable Universal Life 2021 Core," "Accumulation Variable Universal Life 2025," "Accumulation Variable Universal Life 2025 Employer Market," "Corporate VUL," "Corporate VUL 05," "Corporate VUL 08," "Medallion Variable Universal Life Plus," "Medallion Variable Universal Life Edge," "Medallion Variable Universal Life Edge II," "Medallion Executive Variable Life," "Medallion Executive Variable Life II," "Medallion Executive Variable Life III," "Performance Executive Variable Life," "Performance Survivorship Variable Universal Life", "Protection SVUL", "Protection Variable Universal Life," "Protection Variable Universal Life 09," "Protection Variable Universal Life 2012," Protection Variable Universal Life 2017," "Protection Variable Universal Life 2021," "Protection Variable Universal Life 2023," "Simplified Life," "Variable Estate Protection," "Variable Estate Protection Plus," and "Variable Estate Protection Edge." We refer to these prospectuses as the "Product Prospectuses."

This supplement will be used only with policies sold through the product prospectuses and through registered representatives affiliated with the M Financial Group.

------

This Supplement is accompanied with a current prospectus for the below funds that contains detailed information about the funds. Be sure to read that prospectus before selecting any of the four additional variable investment options/investment accounts.

------

**AMENDMENT TO PRODUCT PROSPECTUSES**

The table in the Appendix of each product prospectus is amended to include the following four additional variable investment options/investment accounts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25)(%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25)(%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25)(%)** |
| **Investment Objective** | **Portfolio and Adviser/Subadviser** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| Seeks to provide maximum capital <br> appreciation. <br>| M Capital Appreciation Fund – Series M <br> M Financial Investment Advisers, Inc./Frontier <br> Capital Management Company, LLC<br>| &nbsp;&nbsp; 0.95% | 18.06 | &nbsp;&nbsp; 9.10 | 11.24 |
| Seeks to provide long-term capital <br> appreciation. <br>| M International Equity Fund – Series M <br> M Financial Investment Advisers, <br> Inc./Dimensional Fund Advisors LP<br>| &nbsp;&nbsp; 0.62% | 32.44 | &nbsp;&nbsp; 8.77 | &nbsp;&nbsp; 6.99 |
| Seeks to provide long-term capital <br> appreciation. <br>| M Large Cap Growth Fund – Series M <br> M Financial Investment Advisers, Inc./Federated <br> MDTA LLC.<br>| &nbsp;&nbsp; 0.53% | 19.61 | 12.43 | 15.06 |
| Seeks to provide long-term capital <br> appreciation. <br>| M Large Cap Value Fund – Series M<br> M Financial Investment Advisers, Inc./Brandywine <br> Global Investment Management, LLC<br>| &nbsp;&nbsp; 0.60% | 17.31 | 13.92 | &nbsp;&nbsp; 9.61 |

---

*\* The portfolios' annual expenses may reflect temporary fee or expense waivers or reimbursements.*

VL M SUPP (4/2026)

------

Statement of Additional Information <br>dated April 27, 2026

for interests in

John Hancock Variable Life Account UV <br>(Name of Registrant)

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) <br>("John Hancock USA") <br>(Name of Depositor)

This is a Statement of Additional Information ("SAI") relating to the following variable life insurance and variable universal life insurance policies issued by John Hancock USA and providing for allocation of premiums and policy values to the John Hancock Variable Life Account UV:

---

| | |
|:---|:---|
| **Name of Policy (and SEC EDGAR Identifier #)** | **Name of Policy (and SEC EDGAR Identifier #)** |
| Annual Premium Variable Life (C000085982) | Medallion Variable Universal Life Edge II (C000086001) |
| Flex-V1 (C000085983) | Medallion Variable Universal Life Plus (C000085999) |
| Flex-V2 (C000085986) | Performance Survivorship Variable Universal Life (C000085995) |
| Medallion Executive Variable Life III (C000085998) | Variable Estate Protection (C000085989) |
| Medallion Variable Life (C000085987) | Variable Estate Protection Edge (C000085994) |
| Medallion Variable Universal Life Edge (C000086000) | Variable Estate Protection Plus (C000085990) |

---

This Statement of Additional Information is not the prospectus. The prospectus, dated the same date as this SAI, may be obtained from a John Hancock USA representative or by contacting our Service Office by mail at Life Post Issue, John Hancock Insurance Company, PO Box 55979, Boston, MA 02205, or telephone at 1-800-732-5543.

**Table Of Contents** 

---

| | |
|:---|:---|
|  | **Page No.** |
| **[General Information and History](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_1)** | 2 |
| *[Depositor](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_1)* | 2 |
| *[Registrant](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_1)* | 2 |
| **[Services](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_1)** | 2 |
| **[Underwriters](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_1)** | 2 |
| *[Principal Underwriter](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_1)* | 2 |
| *[Offering and Commissions](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_1)* | 2 |
| *[Other Payments](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_2)* | 3 |
| **[Additional Information](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_2)** | 3 |
| *[Sales Load](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_2)* | 3 |
| *[Underwriting Procedures](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_2)* | 3 |
| **[Financial statements](#xx_6230eb1c-1d28-44d6-94f6-ab4cbf0ba399_2)** | 3 |

---

------

**General Information and History** 

*Depositor* 

Under the Federal securities laws, the entity responsible for organization of the registered separate account underlying the variable life insurance policy is known as the "Depositor." John Hancock USA ("Depositor") is a stock life insurance company organized under the laws of Maine on August 20, 1955 by a special act of the Maine legislature and redomesticated under the laws of Michigan. The Depositor is a licensed life insurance company in the District of Columbia and all states of the United States except New York. Until 2004, the Depositor was known as The Manufacturers Life Insurance Company (U.S.A.). The Depositor's ultimate parent is Manulife Financial Corporation ("MFC"), a publicly traded company based in Toronto, Canada. MFC is the holding company of The Manufacturers Life Insurance Company and its subsidiaries, collectively known as Manulife Financial.

*Registrant* 

Under the Federal securities laws, the registered separate account underlying the variable life insurance policy is known as the "Registrant." John Hancock Variable Life Account UV (the "Registrant" or "Separate Account"), is a separate account initially established by the Depositor under Massachusetts law on May 10, 1993. The Separate Account meets the definition of "separate account" under the Federal securities laws and is registered as a unit investment trust under the Investment Company Act of 1940 ("1940 Act"). Such registration does not involve supervision by the Securities and Exchange Commission ("SEC") of the management of the Separate Account or of the Depositor.

Separate Account UV's subaccounts are made available as the variable investment accounts under variable life insurance and variable universal life insurance policies issued by John Hancock USA. New subaccounts may be added and made available to policy owners from time to time. Existing subaccounts may be modified or deleted at any time.

**Services** 

Administration of policies issued by the Depositor and of registered separate accounts organized by the Depositor may be provided by other affiliates. Neither the Depositor nor the separate accounts are assessed any charges for such services.

Custodianship and depository services for the Registrant are provided by State Street Investment Services ("State Street"). State Street's address is State Street Financial Center, One Lincoln Street, Boston, Massachusetts, 02111.

Audit services are provided by Ernst & Young LLP, independent registered public accounting firm. Ernst & Young LLP's address is 200 Clarendon Street, Boston, Massachusetts, 02116.

**Underwriters** 

*Principal Underwriter* 

John Hancock Distributors LLC ("JH Distributors"), a Delaware limited liability company wholly owned by John Hancock Life Insurance Company (U.S.A.), is the principal distributor and underwriter of the securities offered through the prospectus. JH Distributors acts as the principal distributor of a number of other life insurance and annuity products we and our affiliates offer or maintain. JH Distributors also acts as the principal underwriter of John Hancock Variable Insurance Trust (the "Trust"), whose securities are used to fund certain variable investment options under the policies and under other life insurance and annuity products we offer or maintain.

JH Distributors' principal address is 200 Berkeley Street, Boston, MA 02116. JH Distributors is a broker-dealer registered under the Securities Act of 1934 (the "1934 Act") and is a member of the Financial Industry Regulatory Authority ("FINRA").

*Offering and Commissions* 

We offer the policies for sale, on a continuous basis, through individuals who are licensed as insurance agents and who are registered representatives of broker-dealers that have entered into selling agreements with JH Distributors.

The aggregate dollar amount of underwriting commissions paid to JH Distributors by the Depositor and its affiliates in connection with the sale of variable life products in 2025, 2024, and 2023, was $185,390,596, $133,941,360, and $100,002,438, respectively. JH Distributors did not retain any of these amounts during such periods.

------

The registered representative through whom your policy is sold will be compensated pursuant to the registered representative's own arrangement with his or her broker-dealer. Compensation to broker-dealers for the promotion and sale of the policies is not paid directly by policy owners but will be recouped through the fees and charges imposed under the policy.

*Other Payments* 

Additional compensation and revenue sharing arrangements may be offered to certain broker-dealer firms and other financial intermediaries. The terms of such arrangements may differ among firms we select based on various factors. In general, the arrangements involve three types of payments or any combination thereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed dollar payments: The amount of these payments varies widely. JH Distributors may, for example, make one or more payments in connection with a firm's conferences, seminars or training programs, seminars for the public, advertising and sales campaigns regarding the policies, to assist a firm in connection with its systems, operations and marketing expenses, or for other activities of a selling firm or wholesaler. JH Distributors may make these payments upon the initiation of a relationship with a firm, and at any time thereafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments based upon sales: These payments are based upon a percentage of the total amount of money received, or anticipated to be received, for sales through a firm of some or all of the insurance products that we and/or our affiliates offer. JH Distributors makes these payments on a periodic basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments based upon "assets under management": These payments are based upon a percentage of the policy value of some or all of our (and/or our affiliates') insurance products that were sold through the firm. JH Distributors makes these payments on a periodic basis.

**Additional Information** 

*Sales Load* 

We expect to recover our total sales expenses over the life of the policies through policy charges, including the premium, surrender and face amount charges. The amount of the charges in any policy year does not specifically correspond to sales expenses for that year, and to the extent that the premium, surrender and face amount charges do not cover total sales expenses, the sales expenses may be recovered from other sources, including the asset-based risk charge and other charges with respect to the policies, or from our general assets.

*Underwriting Procedures* 

A policy will not be issued until the underwriting process has been completed to our satisfaction. The underwriting process generally includes the obtaining of information concerning the insured person's age, medical history, occupation and other personal information. This information is then used to determine the cost of insurance charge.

**Financial statements** 

The statutory-basis financial statements of John Hancock Life Insurance Company (U.S.A.) as of December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, [<u>incorporated in this SAI by reference to report</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312526156860/d24926dnvpfs.htm)[<u>on Form N-VPFS</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312526156860/d24926dnvpfs.htm) filed April 15, 2026, have been audited by Ernst & Young LLP, independent auditors, as set forth in their report thereon, and are incorporated by reference in reliance upon such report given on the authority of such firm as experts in auditing and accounting.

The financial statements of HANCOCK JOHN VARIABLE LIFE ACCOUNT UV/ (File No. 811-07766) as of December 31, 2025, and for the two years in the period then ended, [<u>incorporated in this SAI by reference to report on Form N-VPFS</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312526156860/d24926dnvpfs.htm) filed April 15, 2026, have been audited by Ernst & Young LLP, independent registered public accounting firm, as set forth in their report thereon, and are incorporated by reference in reliance upon such report given on the authority of such firm as experts in auditing and accounting.

------

Statement of Additional Information <br>dated April 27, 2026

for interests in

John Hancock Variable Life Account UV <br>(Name of Registrant)

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) <br>("John Hancock USA") <br>(Name of Depositor)

This is a Statement of Additional Information ("SAI") relating to the following variable life insurance and variable universal life insurance policies issued by John Hancock USA and providing for allocation of premiums and policy values to the John Hancock Variable Life Account UV:

---

| | |
|:---|:---|
| **Name of Policy (and SEC EDGAR Identifier #)** | **Name of Policy (and SEC EDGAR Identifier #)** |
| Majestic Performance Survivorship Variable Universal Life <br> (C000085993)<br>| Majestic Variable Estate Protection 98 (C000085996) |
| Majestic Variable COLI (C000086002) | Majestic Variable Universal Life 98 (C000085992) |

---

This Statement of Additional Information is not the prospectus. The prospectus, dated the same date as this SAI, may be obtained from a John Hancock USA representative or by contacting our Service Office by mail at Life Post Issue- Specialty Products, John Hancock Insurance Company, PO Box 55979, Boston, MA 02205, or telephone at 1-800-521-1234.

**Table Of Contents** 

---

| | |
|:---|:---|
|  | **Page No.** |
| **[General Information and History](#xx_f4311978-a923-4f40-9fde-77cd50caa480_1)** | 2 |
| *[Depositor](#xx_f4311978-a923-4f40-9fde-77cd50caa480_1)* | 2 |
| *[Registrant](#xx_f4311978-a923-4f40-9fde-77cd50caa480_1)* | 2 |
| **[Services](#xx_f4311978-a923-4f40-9fde-77cd50caa480_1)** | 2 |
| **[Underwriters](#xx_f4311978-a923-4f40-9fde-77cd50caa480_1)** | 2 |
| *[Principal Underwriter](#xx_f4311978-a923-4f40-9fde-77cd50caa480_1)* | 2 |
| *[Offering and Commissions](#xx_f4311978-a923-4f40-9fde-77cd50caa480_1)* | 2 |
| *[Other Payments](#xx_f4311978-a923-4f40-9fde-77cd50caa480_2)* | 3 |
| **[Additional Information](#xx_f4311978-a923-4f40-9fde-77cd50caa480_2)** | 3 |
| *[Sales Load](#xx_f4311978-a923-4f40-9fde-77cd50caa480_2)* | 3 |
| *[Underwriting Procedures](#xx_f4311978-a923-4f40-9fde-77cd50caa480_2)* | 3 |
| **[Financial statements](#xx_f4311978-a923-4f40-9fde-77cd50caa480_2)** | 3 |

---

------

**General Information and History** 

*Depositor* 

Under the Federal securities laws, the entity responsible for organization of the registered separate account underlying the variable life insurance policy is known as the "Depositor." John Hancock USA ("Depositor") is a stock life insurance company organized under the laws of Maine on August 20, 1955 by a special act of the Maine legislature and redomesticated under the laws of Michigan. The Depositor is a licensed life insurance company in the District of Columbia and all states of the United States except New York. Until 2004, the Depositor was known as The Manufacturers Life Insurance Company (U.S.A.). The Depositor's ultimate parent is Manulife Financial Corporation ("MFC"), a publicly traded company based in Toronto, Canada. MFC is the holding company of The Manufacturers Life Insurance Company and its subsidiaries, collectively known as Manulife Financial.

*Registrant* 

Under the Federal securities laws, the registered separate account underlying the variable life insurance policy is known as the "Registrant." John Hancock Variable Life Account UV (the "Registrant" or "Separate Account"), is a separate account initially established by the Depositor under Massachusetts law on May 10, 1993. The Separate Account meets the definition of "separate account" under the Federal securities laws and is registered as a unit investment trust under the Investment Company Act of 1940 ("1940 Act"). Such registration does not involve supervision by the Securities and Exchange Commission ("SEC") of the management of the Separate Account or of the Depositor.

Separate Account UV's subaccounts are made available as the variable investment accounts under variable life insurance and variable universal life insurance policies issued by John Hancock USA. New subaccounts may be added and made available to policy owners from time to time. Existing subaccounts may be modified or deleted at any time.

**Services** 

Administration of policies issued by the Depositor and of registered separate accounts organized by the Depositor may be provided by other affiliates. Neither the Depositor nor the separate accounts are assessed any charges for such services.

Custodianship and depository services for the Registrant are provided by State Street Investment Services ("State Street"). State Street's address is State Street Financial Center, One Lincoln Street, Boston, Massachusetts, 02111.

Audit services are provided by Ernst & Young LLP, independent registered public accounting firm. Ernst & Young LLP's address is 200 Clarendon Street, Boston, Massachusetts, 02116.

**Underwriters** 

*Principal Underwriter* 

John Hancock Distributors LLC ("JH Distributors"), a Delaware limited liability company wholly owned by John Hancock Life Insurance Company (U.S.A.), is the principal distributor and underwriter of the securities offered through the prospectus. JH Distributors acts as the principal distributor of a number of other life insurance and annuity products we and our affiliates offer or maintain. JH Distributors also acts as the principal underwriter of John Hancock Variable Insurance Trust (the "Trust"), whose securities are used to fund certain variable investment options under the policies and under other life insurance and annuity products we offer or maintain.

JH Distributors' principal address is 200 Berkeley Street, Boston, MA 02116. JH Distributors is a broker-dealer registered under the Securities Act of 1934 (the "1934 Act") and is a member of the Financial Industry Regulatory Authority ("FINRA").

*Offering and Commissions* 

We offer the policies for sale, on a continuous basis, through individuals who are licensed as insurance agents and who are registered representatives of broker-dealers that have entered into selling agreements with JH Distributors.

The aggregate dollar amount of underwriting commissions paid to JH Distributors by the Depositor and its affiliates in connection with the sale of variable life products in 2025, 2024, and 2023, was $185,390,596, $133,941,360, and $100,002,438, respectively. JH Distributors did not retain any of these amounts during such periods.

------

The registered representative through whom your policy is sold will be compensated pursuant to the registered representative's own arrangement with his or her broker-dealer. Compensation to broker-dealers for the promotion and sale of the policies is not paid directly by policy owners but will be recouped through the fees and charges imposed under the policy.

*Other Payments* 

Additional compensation and revenue sharing arrangements may be offered to certain broker-dealer firms and other financial intermediaries. The terms of such arrangements may differ among firms we select based on various factors. In general, the arrangements involve three types of payments or any combination thereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed dollar payments: The amount of these payments varies widely. JH Distributors may, for example, make one or more payments in connection with a firm's conferences, seminars or training programs, seminars for the public, advertising and sales campaigns regarding the policies, to assist a firm in connection with its systems, operations and marketing expenses, or for other activities of a selling firm or wholesaler. JH Distributors may make these payments upon the initiation of a relationship with a firm, and at any time thereafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments based upon sales: These payments are based upon a percentage of the total amount of money received, or anticipated to be received, for sales through a firm of some or all of the insurance products that we and/or our affiliates offer. JH Distributors makes these payments on a periodic basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments based upon "assets under management": These payments are based upon a percentage of the policy value of some or all of our (and/or our affiliates') insurance products that were sold through the firm. JH Distributors makes these payments on a periodic basis.

**Additional Information** 

*Sales Load* 

We expect to recover our total sales expenses over the life of the policies through policy charges, including the premium, surrender and face amount charges. The amount of the charges in any policy year does not specifically correspond to sales expenses for that year, and to the extent that the premium, surrender and face amount charges do not cover total sales expenses, the sales expenses may be recovered from other sources, including the asset-based risk charge and other charges with respect to the policies, or from our general assets.

*Underwriting Procedures* 

A policy will not be issued until the underwriting process has been completed to our satisfaction. The underwriting process generally includes the obtaining of information concerning the insured person's age, medical history, occupation and other personal information. This information is then used to determine the cost of insurance charge.

**Financial statements** 

The statutory-basis financial statements of John Hancock Life Insurance Company (U.S.A.) as of December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, [<u>incorporated in this SAI by reference to report</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312526156860/d24926dnvpfs.htm)[<u>on Form N-VPFS</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312526156860/d24926dnvpfs.htm)filed April 15, 2026, have been audited by Ernst & Young LLP, independent auditors, as set forth in their report thereon, and are incorporated by reference in reliance upon such report given on the authority of such firm as experts in auditing and accounting.

The financial statements of HANCOCK JOHN VARIABLE LIFE ACCOUNT UV/ (File No. 811-07766) as of December 31, 2025, and for the two years in the period then ended, [<u>incorporated in this SAI by reference to report on Form N-VPFS</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312526156860/d24926dnvpfs.htm)filed April 15, 2026, have been audited by Ernst & Young LLP, independent registered public accounting firm, as set forth in their report thereon, and are incorporated by reference in reliance upon such report given on the authority of such firm as experts in auditing and accounting.

------

**PART C** <br>**OTHER INFORMATION** 

*Item 30. Exhibits* 

The following exhibits are filed as part of this Registration Statement:

[<u>(a)(1) Resolution of the Board of Directors establishing Separate Account UV is incorporated by reference to post-effective</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510102185/dex9926a.htm)[<u>amendment number 1, file number 333-164158, filed with the Commission on April 30 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510102185/dex9926a.htm)

[<u>(2) Resolution of Board of Directors of John Hancock Life Insurance Company (U.S.A.) accepting the intact transfer of John</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000088/dex9926a.htm)[<u>Hancock Variable Life Account UV from John Hancock Life Insurance Company, incorporated by reference to the</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000088/dex9926a.htm)[<u>Registrant's Initial Registration Statement filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000088/dex9926a.htm)

(b) Not applicable.

[<u>(c) (1) Distribution Agreement and Servicing Agreement between John Hancock Distributors and John Hancock Life</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312509074601/dex9926c1.htm)[<u>Insurance Company (U.S.A.) dated February 17, 2009, incorporated by reference to pre-effective amendment number 1, file</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312509074601/dex9926c1.htm)[<u>number 333-157212, filed with the Commission on April 7, 2009.</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312509074601/dex9926c1.htm)

[<u>(2)(a) Specimen General Agent and Broker-Dealer Selling Agreement by and among John Hancock Life Insurance Company</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312511109819/dex9926c2a.htm)[<u>(U.S.A.) and John Hancock Distributors LLC effective August, 2009, incorporated by reference to pre-effective amendment</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312511109819/dex9926c2a.htm)[<u>number 2, file number 333-157212, filed with the Commission on April 26, 2011.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312511109819/dex9926c2a.htm)

[<u>(b) List of third party broker-dealer firms included as Attachment A, filed herewith.</u>](d62391dex99302b.htm)

(d)(1) Form of Policy Endorsement for John Hancock Variable Life Insurance Company dated December 31, 2009, incorporated by reference to Registrant's Initial Registration Statement filed with the Commission on January 4, 2010. <br>[<u>F</u>](https://www.sec.gov/Archives/edgar/data/906790/000119312510102056/dex9926d1.htm)[<u>orm of Policy Endorsement dated 2009, is incorporated by reference to post-effective amendment number 1, file number</u>](https://www.sec.gov/Archives/edgar/data/906790/000119312510102056/dex9926d1.htm)[<u>333-164150, filed with the Commission on April 30, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906790/000119312510102056/dex9926d1.htm)

[<u>(2) Form of specimen flexible variable life insurance policy for Variable Estate Protection Edge, incorporated by reference to</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d3.htm)[<u>the initial registration statement, file number 333-164164, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d3.htm)

[<u>(3) Form of specimen flexible variable life insurance policy for Majestic Performance Survivorship Variable Universal Life,</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d2.htm)[<u>incorporated by reference to the initial registration statement, file number 333-164164, filed with the Commission on January</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d2.htm)[<u>4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d2.htm)

[<u>(4) Form of specimen flexible variable life insurance policy for Performance Survivorship Variable Universal Life,</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d4.htm)[<u>incorporated by reference to the initial registration statement, file number 333-164164, filed with the Commission on January</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d4.htm)[<u>4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d4.htm)

[<u>(5) Form of specimen Enhanced Cash Value Rider, incorporated by reference to the initial registration statement, file number</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d5.htm)[<u>333-164164, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d5.htm)

[<u>(6) Form of specimen Policy Split Option Rider, incorporated by reference to the initial registration statement, file number</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d6.htm)[<u>333-164164, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d6.htm)

[<u>(7) Form of Level Benefit Survivorship Four Year Term Rider, incorporated by reference to the initial registration statement,</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d7.htm)[<u>file number 333-164164, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d7.htm)

[<u>(8) Form of specimen Disability Benefit Payment of Specified Premium Rider, incorporated by reference to the initial</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d8.htm)[<u>registration statement, file number 333-164164, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926d8.htm)

[<u>(e) Specimen policy application, incorporated by reference to the initial registration statement, file number 333-164162, filed</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000096/dex9926e.htm)[<u>with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000096/dex9926e.htm)

[<u>(f) (1) Restated Articles of Redomestication of the John Hancock Life Insurance Company (U.S.A.) (formerly, The</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f1.txt)[<u>Manufacturers Life Insurance Company (U.S.A.)) dated December 30, 1992, incorporated by reference to post-effective</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f1.txt)[<u>amendment number 9, file number 333-85284, filed with the Commission on April 30, 2007.</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f1.txt)

[<u>(a) Amendment to the Articles of Redomestication of John Hancock Life Insurance Company (U.S.A.) (formerly, The</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f1a.txt)[<u>Manufacturers Life Insurance Company (U.S.A.)) dated July 16, 2004, incorporated by reference to pre-effective amendment</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f1a.txt)[<u>number 1, file number 333-126668, filed with the Commission on October 12, 2005.</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f1a.txt)

[<u>(b) Amendment to the Articles of Redomestication effective January 1, 2005, incorporated by reference to post-effective</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f1b.txt)[<u>amendment number 9, file number 333-85284, filed with the Commission on April 30, 2007.</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f1b.txt)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

[<u>(c) Amended and Restated Articles of Redomestication and Articles of Incorporation of John Hancock Life Insurance</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f1c.htm)[<u>Company (U.S.A.) dated July 26, 2010, and further amended as of November 20, 2012,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f1c.htm)[<u>incorporated by reference to post-effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f1c.htm)[<u>amendment number 1, file number 333-179570, filed with the Commission on April 24, 2013.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f1c.htm)

[<u>(2) By-laws of John Hancock Life Insurance Company (U.S.A.) (formerly, The Manufacturers Life Insurance Company</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2.txt)[<u>(U.S.A.)) dated December 2, 1992, incorporated by reference to pre-effective amendment number 1, file number 333-126668,</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2.txt)[<u>filed with the Commission on October 12, 2005.</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2.txt)

[<u>(a) Amendment to the By-laws of John Hancock Life Insurance Company (U.S.A.) (formerly, The Manufacturers Life</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2a.txt)[<u>Insurance Company (U.S.A.)) dated June 7, 2000, incorporated by reference to pre-effective amendment number 1, file</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2a.txt)[<u>number 333-126668, filed with the Commission on October 12, 2005.</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2a.txt)

[<u>(b) Amendment to the By-laws of John Hancock Life Insurance Company (U.S.A.) (formerly, The Manufacturers Life</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2b.txt)[<u>Insurance Company (U.S.A.)) dated March 12, 1999, incorporated by reference to pre-effective amendment number 1, file</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2b.txt)[<u>number 333-126668, filed with the Commission on October 12, 2005.</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2b.txt)

[<u>(c) Amendment to the By-laws of John Hancock Life Insurance Company (U.S.A.) (formerly, The Manufacturers Life</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f2c.txt)[<u>Insurance Company (U.S.A.)) dated July 16, 2004, incorporated by reference to post-effective amendment number 9, file</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f2c.txt)[<u>number 333-85284, filed with the Commission on April 30, 2007.</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f2c.txt)

[<u>(d) Amended and Restated By-laws of John Hancock Life Insurance Company (U.S.A.) dated October 23, 2012,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f2d.htm)[<u>incorporated</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f2d.htm)[<u>by reference to post-effective amendment number 1, file number 333-179570, filed with the Commission on April 24, 2013.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f2d.htm)

(g)(1)The Depositor maintains reinsurance arrangements in the normal course of business, none of which are material.

[<u>(2) Service Agreement and Indemnity Combination Coinsurance and Modified Coinsurance Agreement of Variable Insurance</u>](https://www.sec.gov/Archives/edgar/data/906790/000119312510000058/dex9926g2.htm)[<u>Policies between John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of NewYork,</u>](https://www.sec.gov/Archives/edgar/data/906790/000119312510000058/dex9926g2.htm)[<u>incorporated by reference to the Initial Registration Statement, file number 333-164150, filed with the Commission on</u>](https://www.sec.gov/Archives/edgar/data/906790/000119312510000058/dex9926g2.htm)[<u>January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906790/000119312510000058/dex9926g2.htm)

[<u>(h) (1) Participation Agreement among the Manufacturers Insurance Company (U.S.A.), the Manufacturers Insurance</u>](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h1.txt)[<u>Company of New York, PIMCO Variable Insurance Trust and PIMCO Advisors Distributors LLC dated April 30, 2004,</u>](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h1.txt)[<u>incorporated by reference to pre-effective amendment number 1, file number 333-126668, filed with the Commission on</u>](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h1.txt)[<u>October 12, 2005.</u>](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h1.txt)

[<u>(2) Participation Agreement among John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h2.txt)[<u>of New York, and John Hancock Trust dated April 20, 2005, incorporated by reference to pre-effective amendment number 1,</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h2.txt)[<u>file number 333-126668, filed with the Commission on October 12, 2005.</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h2.txt)

[<u>(3) Participation Agreement among John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company</u>](http://www.sec.gov/Archives/edgar/data/906790/000119312510000058/dex9926h3.htm)[<u>of New York, and M Financial Investment Advisers, Inc. dated November 13, 2009, incorporated by reference to file number</u>](http://www.sec.gov/Archives/edgar/data/906790/000119312510000058/dex9926h3.htm)[<u>333-164150, filed with the Commission on January 4, 2010.</u>](http://www.sec.gov/Archives/edgar/data/906790/000119312510000058/dex9926h3.htm)

[<u>(4) Shareholder Information Agreement between John Hancock Life Insurance Company (U.S.A.), John Hancock Life</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)[<u>Insurance Company of New York, John Hancock Life Insurance Company, John Hancock Variable Life Insurance, and John</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)[<u>Hancock Trust portfolios (except American Funds Insurance Series) dated April 16, 2007, incorporated by reference to</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)[<u>post-effective amendment number 9, file number 333-85284, filed with the Commission in April, 2007.</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)

[<u>(5) Shareholder Information Agreement between John Hancock Life Insurance Company (U.S.A.), John Hancock Life</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[<u>Insurance Company of New York, John Hancock Life Insurance Company, John Hancock Variable Life Insurance, and John</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[<u>Hancock Trust on behalf of series of the Trust that are feeder funds of the American Funds Insurance Series dated April 16,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[<u>2007, incorporated by reference to post-effective amendment number 9, file number 333-85284, filed with the Commission</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[<u>in April, 2007.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)

[<u>(6) Participation Agreement between Northern Lights Variable Trust and John Hancock Life Insurance Company (U.S.A.) and</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312521127005/d120678dex9926h6.htm)[<u>John Hancock Life Insurance Company of New York, incorporated by reference to post-effective amendment number 1, file</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312521127005/d120678dex9926h6.htm)[<u>number 333-248502, filed with the Commission on April 23, 2021.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312521127005/d120678dex9926h6.htm)

[<u>(6)(a) Amendment to Participation Agreement between Northern Lights Variable Trust and John Hancock Life Insurance</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h6a.htm)[<u>Company (U.S.A.) and John Hancock Life Insurance Company of New York, incorporated by reference to Form N-6, File No.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h6a.htm)[<u>333-286256, filed with the Commission on March 31, 2025.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h6a.htm)

[<u>(7) Administrative and Distribution Services Agreement between Northern Lights Variable Trust and John Hancock Life</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524238764/d861928dex9930h7.htm)[<u>Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, incorporated by reference to Post-Effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524238764/d861928dex9930h7.htm)[<u>Amendment No. 7, File No. 333-254211, filed with the Commission on October 17, 2024</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524238764/d861928dex9930h7.htm)

------

[<u>(7)(a) Amendment to Administrative and Distribution Services Agreement between Northern Lights Variable Trust and John</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h7a.htm)[<u>Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, incorporated by</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h7a.htm)[<u>reference to Form N-6, File No. 333-286256, filed with the Commission on March 31, 2025.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h7a.htm)

(i) (1) [<u>Service agreement between Manulife Financial Corporation and the Manufacturers Life Insurance Company (U.S.A.),</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312514162405/d670471dex9926i1.htm)[<u>dated January 1, 2001, incorporated by reference to post-effective amendment number 6, file number 333-179570, filed with</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312514162405/d670471dex9926i1.htm)[<u>the Commission April 28, 2014.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312514162405/d670471dex9926i1.htm)

(j) Not applicable.

[<u>(k) Opinion and consent of counsel regarding the legality of the securities being registered, incorporated by reference to the</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926k.htm)[<u>initial registration statement, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/906470/000119312510000099/dex9926k.htm)

(l) Not Applicable.

(m) Not Applicable.

[<u>(n) Consent of Independent Registered Public Accounting Firm, filed herewith.</u>](d62391dex9930n.htm)

[<u>(n)(1) Opinion of Counsel as to the eligibility of this post-effective amendment to be filed pursuant to Rule 485(b), filed</u>](d62391dex9930n1.htm)[<u>herewith.</u>](d62391dex9930n1.htm)

(o) Not Applicable.

(p) Not Applicable.

[<u>(q) Memorandum regarding Issuance, Face Amount Increase, Redemption and Transfer Procedures for the policies,</u>](https://www.sec.gov/Archives/edgar/data/906470/0000950109-96-002270.txt)[<u>incorporated by reference to PEA number 2, file number 33-76662, filed with the Commission on April 19, 1996.</u>](https://www.sec.gov/Archives/edgar/data/906470/0000950109-96-002270.txt)

(r) Not Applicable.

Powers of Attorney

[(i) Powers of Attorney for Emanuel Alves, Paul M. Connolly, Nora Newton Crouch, Thomas Edward Hampton, J. Stephanie](https://www.sec.gov/ix?doc=/Archives/edgar/data/801019/000119312523110257/d707929d485bpos.htm)[Nam, Ken Ross, Rex Schlaybaugh, Jr., Colin Simpson, Brooks Tingle, Simonetta Vendittelli, Shamus Weiland, and Henry H.](https://www.sec.gov/ix?doc=/Archives/edgar/data/801019/000119312523110257/d707929d485bpos.htm)[Wong, incorporated by reference to Post-Effective Amendment No. 3, File No. 333-254210, filed with the Commission on](https://www.sec.gov/ix?doc=/Archives/edgar/data/801019/000119312523110257/d707929d485bpos.htm)[April 21, 2023.](https://www.sec.gov/ix?doc=/Archives/edgar/data/801019/000119312523110257/d707929d485bpos.htm)

[<u>(ii) Power of Attorney for Simonetta Vendittelli, incorporated by reference to Post-Effective Amendment No. 4, File No. 333-254210,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312523226114/d470697dex9930ii.htm)[<u>filed with the Commission on August 31, 2023.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312523226114/d470697dex9930ii.htm)

(iii) [<u>Powers of Attorney for Eileen Cloherty, Nora N. Crouch, Aimee DeCamillo, Dara Gough, Thomas E. Hampton, J.</u>](https://www.sec.gov/Archives/edgar/data/906790/000119312524238744/d96699dex9930iii.htm)[<u>Stephanie Nam, Ken Ross, Alex Silva, Brooks Tingle, Shamus Weiland, and Henry H. Wong, incorporated by reference to</u>](https://www.sec.gov/Archives/edgar/data/906790/000119312524238744/d96699dex9930iii.htm)[<u>Post-Effective Amendment No. 16, File No. 333-164151, filed with the Commission on October 17, 2024.</u>](https://www.sec.gov/Archives/edgar/data/906790/000119312524238744/d96699dex9930iii.htm)

(iv)[<u>Powers of Attorney for Eileen Cloherty, Nora N. Crouch, Aimee DeCamillo, Dara Gough, Thomas E. Hampton, J.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525161784/d45824dex9930i.htm)[<u>Stephanie Nam, Ken Ross, Alex Silva, Brooks Tingle, Shamus Weiland, and Adam T. Wise, incorporated by reference to</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525161784/d45824dex9930i.htm)[<u>Pre-Effective Amendment No. 1, File No. 333-286256, filed with the Commission on July 21, 2025.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525161784/d45824dex9930i.htm)

------

*Item 31. Directors and Officers of the Depositor* 

OFFICERS AND DIRECTORS OF JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.):

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Brooks Tingle<br> 200 Berkeley Street<br> Boston, MA 02116<br>| Chair, Director, President & Chief Executive Officer |
| Nora N. Crouch <br> 804 Pepper Avenue <br> Richmond, VA 23226<br>| Director |
| Aimee DeCamillo<br> 200 Berkeley St.<br> Boston, MA 02116<br>| &nbsp;&nbsp; Director, Executive Vice President, & Global Head of <br> Retirement<br>|
| Dara Gough<br> 200 Berkeley St.<br> Boston, MA 02116<br>| Director, Vice President |
| Thomas E. Hampton <br> 5207 2nd Street NW<br> Washington, DC 20011 <br>| Director |
| J. Stephanie Nam<br> 129 State Street<br> Portsmouth, NH 03801<br>| Director |
| Ken Ross<br> 200 Berkeley St.<br> Boston, MA 02116<br>| Director, Vice President |
| Shamus Weiland<br> 200 Bloor Street<br> E. Toronto, ON M4W 1E5<br>| Director |
| Adam T. Wise<br> 197 Clarendon Street<br> Boston, MA 02116<br>| Director & Vice President |
| **Executive Vice Presidents** |  |
| Andrew G. Arnott\*\* | Global Head of Institutional, Product, and Strategy |
| **Senior Vice Presidents** |  |
| John Addeo\*\* | Global Fixed Income Chief Investment Officer |
| John C.S. Anderson\*\* | Global Head of Corporate Finance and Infrastructure |
| Peter Chung\* | Global Head of Corporate Development |
| Kevin J. Cloherty\*\* | Deputy General Counsel, Global Markets |
| Jackie Collier\*\* | GWAM Chief Compliance Officer |
| Kristie Feinberg\* | &nbsp;&nbsp; President of Manulife JH Investments and Head of Retail <br> MIM<br>|
| Maryscott Greenwood\*\* | Global Head of Regulatory & Public Affairs |
| Len van Greuning\* | Chief Information Officer MIM |
| Lindsay Hanson\* | US Chief Marketing Officer |
| Hector Martinez\* | Head of US Insurance |
| John B Maynard\*\* | Deputy General Counsel, Legacy, Reinsurance & Tax |
| Joelle Metzman\*\* | GWAM Chief Risk Officer |
| Sinead O'Connor\* | Global Head of Inforce Management |
| Wayne Park\* | Head of US Retirement and MIM |
| Gerald Peterson\*\* | Global Head of Operations and Data Management |
| Nicole Rafferty\*\*\* | Global Head of Contact Centers |
| Chet Ritchie\* | Global Head of Talent Acquisition |
| Susan Roberts\* | Head of LTC Customer Care and Integrations |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Ian Roke\*\* | Global Head of Financial Risk Management |
| Thomas Samoluk\*\* | US General Counsel and US Government Relations |
| Anthony Teta\* | US Head of Inforce Management |
| Nathan Thooft\*\* | MAS and Global Equities Chief Investment Officer |
| Anne Valentine-Andrews\*\*\* | Global Head of Private Markets |
| Blake Witherington\*\* | US Chief Credit Officer |
| Henry H. Wong\*\* | Chief Investment Officer |
| **Vice Presidents** |  |
| Jay Aronowitz\*\* |  |
| Kevin Askew\*\* |  |
| William Auger\* |  |
| Jack Barry\* |  |
| Paul Batten\*\* |  |
| P.J. Beltramini\* |  |
| Abigail M Benham\* |  |
| Mark G Bensman\*\*\* |  |
| Alexander Beoglin\*\* |  |
| Jon Bourgault\*\* |  |
| J.J. Bowman\* |  |
| Paul Boyne\*\* |  |
| James Brandell\* |  |
| Ted Bruntrager\* | Chief Compliance Officer & Chief Risk Officer |
| Grant Buchanan\*\*\* |  |
| Ginger Burns Beaupre\*\* |  |
| Brendan Campbell\* |  |
| Yan Rong Cao\* |  |
| Rick A. Carlson\*\* |  |
| Patricia Rosch Carrington\*\* |  |
| Jeffrey Cathie\* |  |
| Ken K. Cha\* |  |
| Christopher M. Chapman\*\* |  |
| Sheila Chernicki\* |  |
| Eileen Cloherty\* | Chief Accounting Officer & Controller |
| Maggie Coleman\*\*\* |  |
| Catherine Z. Collins\*\* |  |
| Doug Comer\* |  |
| Meredith Comtois\* |  |
| Thomas D. Crohan\*\* |  |
| Susan Curry\*\* |  |
| Ken D'Amato\*\* |  |
| Michelle M. Dauphinais\* |  |
| Ryan Davies\*\* |  |
| Frederick D Deminico\*\* |  |
| Susan P Dikramanjian\*\* |  |
| William D Droege\*\* |  |
| Jeffrey Duckworth\*\* |  |
| Jodi Enggasser\* |  |
| Jieyu Fan\* |  |
| Marc Feliciano\*\* |  |
| Katie M. Firth\*\* |  |
| Lauren Marx Fleming\*\* |  |
| Mark Flinn\*\* |  |
| Philip J. Fontana\*\* |  |
| Laura Foster\*\*\* |  |
| Matthew Gabriel\* |  |
| Paul Gallagher\*\* |  |
| Melissa Gamble\*\* |  |
| Scott B Garfield\*\* |  |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Marco Giacomelli\*\*\* |  |
| Jeffrey N. Given\*\* |  |
| Thomas C. Goggins\*\* |  |
| Miguel Gonzalez\* |  |
| Howard C. Greene\*\* |  |
| Erik Gustafson\*\* |  |
| Ryan M Hanna\*\*\* |  |
| Richard Harris\*\*\* | Appointed Actuary |
| Jessica Harrison\*\*\* |  |
| John Hatch\* |  |
| Katharine Hayes\* |  |
| Justin Helferich\*\*\* |  |
| Michael Hession\* |  |
| Philip Huvos\* |  |
| Sesh Iyengar\*\* |  |
| Kinga Kapuscinski\*\* |  |
| Gillian Kelley\* |  |
| Geoffrey Grant Kelley\*\* |  |
| Recep C. Kendircioglu\*\* |  |
| Neal P. Kerins\* |  |
| Brian J Kernohan\*\*\* |  |
| Michael P King\*\*\* |  |
| Heidi Knapp\*\* |  |
| Tomoko Kosinski\*\* |  |
| Robert Krempus\*\*\* |  |
| Diane R. Landers\*\* |  |
| Michael Landolfi\*\* |  |
| Tracy Lannigan\*\* | Counsel and Corporate Secretary |
| Peter Lathrop\* |  |
| Michael Lebowitz\*\*\* |  |
| Jessica Lee\*\*\* |  |
| Eric Lippart\*\*\* |  |
| Hua Liu\*\*\* | Treasury |
| Scott Lively\*\* |  |
| David Loh\*\*\* |  |
| Brad Lutz\*\* |  |
| Patrick MacDonnell\*\* |  |
| Shawn McCarthy\*\* |  |
| Andrew J. McFetridge\*\* |  |
| Jonathan McGee\*\* |  |
| Katie L. McKay\*\* |  |
| Eric S. Menzer\*\* |  |
| Stella Mink\*\*\* |  |
| Matthew Miskin\*\* |  |
| Michelle Morey\* |  |
| Patricia Wall Mundy\* |  |
| Catherine Murphy\* | Deputy Appointed Actuary |
| Richard Myrus\*\* |  |
| Lisa Natalicchio\* |  |
| Scott Navin\*\* |  |
| Frank G O'Neill\*\*\* |  |
| Pragya Pandit\* |  |
| Chirag T Patel\*\*\* |  |
| Gary M. Pelletier\*\* |  |
| David Pemstein\*\* |  |
| Joanne Pietrini Smith\* |  |
| Susan J Pirog\* |  |
| Jessica Portelance\*\*\* |  |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Jason M. Pratt\*\* |  |
| Peta-Gaye M Prinn\*\* |  |
| Ed Rapp\*\* |  |
| Todd Renneker\*\* |  |
| Emily Roland\*\* |  |
| Timothy A Roseen\*\* |  |
| Barbara H. Rosen-Campbell\*\* |  |
| Caryn Rothman\*\* |  |
| Ryan Sample\*\* |  |
| Jeffrey R. Santerre\*\* |  |
| Michael Scanlon\*\* |  |
| Marcia Schow\*\* |  |
| Christopher L. Sechler\*\* |  |
| Estelle Shaw-Latimer\*\*\* |  |
| Thomas Shea\*\* |  |
| Lisa Shepard\*\* |  |
| Bill Shields\*\* |  |
| Alex Silva\* | Chief Financial Officer |
| Fernando A Silva\*\* |  |
| Susan Simi\*\* |  |
| Nathan Slichter\*\*\* |  |
| Brittany Straughn\* |  |
| Katherine Sullivan\*\* |  |
| Trevor Swanberg\*\* |  |
| Robert E. Sykes, Jr.\*\* |  |
| Wilfred Talbot\* |  |
| Gary Tankersley\* |  |
| Michelle Taylor-Jones\* |  |
| Anne Thibeault\* |  |
| Brian E. Torrisi\*\* |  |
| Gina Goldych Walters\*\* |  |
| Adam Weigold\*\* |  |
| Craig White\*\* |  |
| Jonathan T. White\*\* |  |
| Charles J. Wiegersma\* |  |
| Bryan Wilhelm\* |  |
| Karin Wilsey\*\* |  |
| Josiah K Winslow\*\* |  |
| Thomas Zakian\*\* |  |

---

*\*Principal Business Office is 200 Berkeley Street, Boston, MA 02116* 

*\*\*Principal Business Office is 197 Clarendon Street, Boston, MA 02116* 

*\*\*\*Principal Business Office is 200 Bloor Street, Toronto, Canada M4W1E5*

*Item 32. Persons Controlled by or Under Common Control with the Depositor or the Registrant* 

The Registrant is a separate account of the Depositor operating as a unit investment trust. The Registrant supports benefits payable under the Depositor's variable life insurance policies by investing assets allocated to various investment options in shares of John Hancock Variable Insurance Trust (formerly, John Hancock Trust) and other mutual funds registered under the Investment Company Act of 1940 as open-end management investment companies of the "series" type.

As of the effective date of the registration statement, the Company and its affiliates are controlled by Manulife Financial Corporation.

------

![](g404780orgchart_12.jpg)

------

*Item 33. Indemnification* 

The Form of Selling Agreement or Service Agreement between John Hancock Distributors LLC ("JH Distributors") and various broker-dealers may provide that the selling broker-dealer indemnify and hold harmless JH Distributors and the Company, including their affiliates, officers, directors, employees and agents against losses, claims, liabilities or expenses (including reasonable attorney's fees), arising out of or based upon a breach of the Selling or Service Agreement, or any applicable law or regulation or any applicable rule of any self-regulatory organization or similar provision consistent with industry practice.

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

*Item 34. Principal Underwriters* 

(a) Set forth below is information concerning other investment companies for which JH Distributors, the principal underwriter of the contracts, acts as investment adviser or principal underwriter.

---

| | |
|:---|:---|
| **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 |

---

(b) John Hancock Life Insurance Company (U.S.A.) is the sole member of JH Distributors and the following comprise the Board of Managers and Officers of JH Distributors.

---

| | |
|:---|:---|
| **Name** | **Title** |
| Rick Carlson\*\* | Vice President, US Taxation |
| Jackie Collier\*\* | Director |
| Michelle Dauphinais\* | Vice President |
| Tracy Lannigan\*\* | Vice President, Counsel, Corporate Secretary |
| Alex Silva\* | Director |
| Bryan Wilhelm\* | Director |

---

*\*Principal Business Office is 200 Berkeley Street, Boston, MA 02116* 

*\*\*Principal Business Office is 197 Clarendon Street, Boston, MA 02116* 

*\*\*\*Principal Business Office is 200 Bloor Street, Toronto, Canada M4W1E5* 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(c) John Hancock Distributors LLC

Compensation received, directly or indirectly, from the Registrant by John Hancock Distributors LLC, the sole principal underwriter of the contracts funded by the Separate Account during the last fiscal year:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(1)** | **(2)** | **(3)** | **(4)** | **(5)** |
| **Name of**<br> **Principal**<br> **Underwriter**<br>| **Net**<br> **Underwriting**<br> **Discounts and**<br> **Commissions**<br>| **Compensation**<br> **on Events**<br> **Occasioning**<br> **the Deduction**<br> **of a Deferred**<br> **Sales Load**<br>| **Brokerage**<br> **Commissions**<br>| **Other**<br> **Compensation**<br>|
| &nbsp;&nbsp;&nbsp; John Hancock <br> Distributors LLC<br>| &nbsp;&nbsp; $0 | $0 | $0 | $0 |

---

*Item 35. Location of Accounts and Records* 

The information required by this item is included in the most recent Form N-CEN filed with the SEC by the Separate Account.

*Item 36. Management Services* 

All management services contracts are discussed in Part A or Part B.

*Item 37. Fee Representation* 

Representation of Insurer Pursuant to Section 26 of the Investment Company Act of 1940.

John Hancock Life Insurance Company (U.S.A.) hereby represents that the fees and charges deducted under the policies issued pursuant to this registration statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the Company.

------

**Signatures** 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, Commonwealth of Massachusetts, on this 21st day of April, 2026.

John Hancock Variable Life Account UV

(Registrant)

By: JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)

By: \*____________________

Brooks Tingle

Chair, President, and Chief Executive Officer

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)

(Depositor)

By: \*____________________

Brooks Tingle

Chair, President, and Chief Executive Officer

/s/Michael A. Ramirez<br>Michael A. Ramirez, as Attorney-In-Fact<br>

*\*Pursuant to Power of Attorney* 

------

**Signatures** 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated as of the 21st day of April, 2026.

---

| | |
|:---|:---|
| **Signatures** | **Title** |
| \*<br>Brooks Tingle<br>| Chair, President, and Chief Executive Officer |
| \*<br>Alex Silva<br>| Chief Financial Officer |
| \*<br>Eileen Cloherty<br>| Chief Accounting Officer and Controller |
| \*<br>Nora N. Crouch<br>| Director |
| \*<br>Aimee DeCamillo<br>| Director |
| \*<br>Dara Gough<br>| Director |
| \*<br>Thomas E. Hampton<br>| Director |
| \*<br>J. Stephanie Nam<br>| Director |
| \*<br>Ken Ross<br>| Director |
| \*<br>Shamus Weiland<br>| Director |
| \*<br>Adam T. Wise<br>| Director |
| /s/Michael A. Ramirez<br>Michael A. Ramirez, as Attorney-In-Fact<br>|  |

---

*\*Pursuant to Power of Attorney*

------

## Exhibit 99.30

---

| | | |
|:---|:---|:---|
| **Title** | **Business Lines** | **BD Tax ID#** |
|  1st Discount Brokerage, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 65-0592899 |
| A. P. Securities, Inc. | 529 |  |
|  Abacus Investments, Inc. | Annuity; Life; Group Pension; JHVLICO | 39-1768558 |
|  Access Financial Group, Inc. | Annuity; Group Pension; JHVLICO | 13-3696056 |
|  Access Investments, Inc. | Annuity; Life; Group Pension | 73-1505851 |
|  ACE Diversified Capital, Inc. | Annuity; Life; Group Pension | 95-4591545 |
|  Advanced Advisor Group, LLC | 529;#Annuity; Life; Group Pension | 35-2261591 |
|  Adviser Dealer Services, Inc. | Annuity; Life; Group Pension | 31-1391437 |
|  Advisory Group Equity Services LTD | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 04-2830039 |
|  Aegis Capital Corp. | 529;#Group Pension;#Life;#Annuity (servicing only) | 11-2671906 |
|  Aegis Investments, Inc. | Group Pension;#Life;#Annuity (servicing only) | 41-1540307 |
|  Alamo Capital | Annuity; 529; Life; Group Pension | 68-0134926 |
|  Alexander Investment Services Co. | Annuity; 529 | 61-0652524 |
|  Allegheny Investments, Ltd. | Annuity; 529; Life; Group Pension; JHVLICO | 25-1326593 |
|  Richard Brothers Securities (dba Allegiance Capital, LLC) | Annuity; 529; Life; Group Pension | 01-0538310 |
|  Allen, Mooney & Barnes Brokerage Services, LLC | Group Pension | 74-3070309 |
|  Allstate Financial Services, LLC | Annuity; 529; Life; Group Pension | 47-0826838 |
|  American Capital Partners, LLC | Annuity | 01-0564479 |
|  American Financial Associates, Inc. | Annuity; Life; Group Pension; JHVLICO | 23-2654301 |
|  American Heritage Securities, Inc. | Annuity | 34-1695617 |
|  American Independent Securities Group, LLC | Annuity; 529; Life; Group Pension | 20-2190456 |
|  American Investors Company | Annuity; 529; Life; Group Pension; JHVLICO | 94-2201424 |
|  Amuni Financial Inc. | Annuity; 529; Life; Group Pension | 59-2023127 |
|  American Wealth Management, Inc. | Annuity; 529; Life; Group Pension | 58-1867326 |
|  Ameriprise Financial Services, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 41-0973005 |
|  Ameritas Investment Corp | Annuity; 529; Life; Group Pension; JHVLICO | 47-0663374 |
|  Andrew Garrett Inc. | Annuity; 529; Life; Group Pension | 43-1613019 |
|  Aon Securities Inc. | Group Pension;#Life;#Annuity (servicing only);#TOHI | 13-2642812 |
|  TRADINGBLOCK | 529;#Group Pension;#Life;#Annuity (servicing only) | 36-4535546 |
|  Arete Wealth Management, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 39-1918659 |
|  Arlington Securities, Incorporated | Annuity; 529; Life; Group Pension | 38-2711392 |
|  Arvest Asset Management | Annuity; Life; Group Pension; JHVLICO | 71-0794602 |
|  Associated Investment Services, Inc. | Annuity; 529; Life; Group Pension | 39-0210110 |
|  Ausdal Financial Partners, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 42-1129623 |
|  Aventura Securities, LLC | Annuity; 529; Life; Group Pension | 20-5452876 |
|  Avisen Wealth Management, Inc. | Annuity; 529; Group Pension | 06-1676986 |
|  Avondale Partners, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 62-1761948 |
|  AXA Advisors, LLC | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 06-1555494 |
|  B.B. Graham & Company, Inc. | Annuity; 529; Life; Group Pension | 95-4587418 |
|  Bankoh Investment Services, Inc. | 529;#Annuity; Life; Group Pension | 99-0291948 |
|  GVC Capital LLC | 529 |  |
|  Somerset Securities, Inc. | Annuity; Life; Group Pension | 04-3333156 |
|  BCG Securities, Inc. | Annuity; 529; Life; Group Pension | 23-1664237 |
|  Beaconsfield Financial Services, Inc. | 529;#Annuity | 25-1447238 |
|  Benefit Funding Services, LLC | Annuity; Life; Group Pension | 86-0891039 |
|  Benjamin F. Edwards & Company, Inc. | Annuity; 529; Life; Group Pension | 26-3199152 |
|  Benjamin Securities, Inc. | 529 |  |
|  Berthel Fisher & Company Financial Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 42-1029773 |
|  BestVest Investments, Ltd. | Annuity; Life; Group Pension | 32-3220312 |
|  BFT Financial Group, LLC | Annuity; 529; Life; Group Pension | 75-2856929 |
|  BG Worldwide Securities, Inc. | Life; JHVLICO | 30-0039439 |
|  BHK Securities, LLC | Annuity; Group Pension | 20-2455216 |
|  Black Oak Securities, Inc. | Group Pension | 37-1299579 |
|  Blakeslee And Blakeslee Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 77-0017182 |
|  BOK Financial Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 73-1275307 |
|  Brighton Securities Corp. | Group Pension;#Life;#Annuity; 529 | 16-0961085 |
|  Bristol Financial Services, Inc. | Annuity; Life; Group Pension | 20-3156765 |
|  INTEGRITY ALLIANCE, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 20-3749442 |
|  Brown Associates, Inc. | Annuity; Life; Group Pension | 62-0808843 |
|  Buckman, Buckman & Reid, Inc. | Annuity; Life; Group Pension | 22-2926943 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Buttonwood Partners, Inc. | Annuity; Life; Group Pension | 39-1674219 |
|  Cadaret, Grant & Co., Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 22-2361254 |
|  Callaway Financial Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 75-2855666 |
|  Calton & Associates, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 59-2845944 |
|  Cambridge Investment Research, Inc. | BOLI;#Annuity; 529; Life; Group Pension; JHVLICO | 42-1445429 |
|  Camden Financial Services | Annuity; JHVLICO | 33-0653990 |
|  Cape Securities, Inc. | Annuity; 529; Life; Group Pension | 56-1128974 |
|  CapFinancial Securities, LLC | BOLI;#Annuity; 529; Life; Group Pension | 46-4350797 |
|  Capital Brokerage Corporation | Annuity; Life; Group Pension; JHVLICO | 91-1143830 |
|  Capital City Securities, LLC | Annuity; 529; Life; Group Pension | 20-2350070 |
|  Capital Investment Brokerage, Inc. | Annuity; 529; Life; Group Pension | 56-1958819 |
|  Capital Investment Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 56-1394939 |
|  Capital Management Securities, Inc. | Annuity; Life; Group Pension | 41-1249586 |
|  Capital Portfolio Management, Inc. | Group Pension;#529;#Life;#Annuity (servicing only) | 52-1744548 |
|  Capitol Securities Management, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 54-1170635 |
|  Cardinal Investments, Inc. | 529;#Group Pension;#Life;#Annuity | 37-1326529 |
|  Carl M. Hennig, Inc. | 529 |  |
|  Carolinas Investment Consulting LLC | Annuity; Life; Group Pension | 56-2204761 |
|  Carter, Terry & Company, Inc. | Annuity; 529; Life; Group Pension | 58-1608676 |
|  Carty & Company, Inc. | Annuity; 529; Life; Group Pension | 62-0842403 |
|  Cary Street Partners LLC | 529;#Annuity; Life; Group Pension | 32-0007529 |
|  Cascade Investment Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 84-1245938 |
|  CBIZ Financial Solutions, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 52-1396995 |
|  Citizens Securities, Inc. | 529;#Annuity; Life; Group Pension | 05-0487400 |
|  Centaurus Financial, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 33-0530236 |
|  Centennial Securities Company, Inc. | Group Pension;#Annuity;#Annuity; 529; JHVLICO | 38-2214928 |
|  Stifel Independent Advisors, LLC | Annuity; Life; Group Pension; JHVLICO | 43-1567959 |
|  Ceros Financial Services, Inc. | Annuity; 529; Life; Group Pension | 04-3249931 |
|  CFD Investments, Inc. | 529;#Group Pension;#JHVLICO;#Life;#BOLI | 35-1692812 |
|  Chapin, Davis | Annuity; 529 | 52-1715615 |
|  J.P. Morgan Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 13-4110995 |
|  Chauner Securities, Inc. | Annuity; Life; Group Pension; JHVLICO | 36-3356325 |
|  Chelsea Financial Services | Annuity; Life; Group Pension | 11-3489062 |
|  CIG Securities | 529;#Group Pension;#Life;#Annuity (servicing only) | 20-0194097 |
|  Citigroup Global Markets Inc. | 529;#Group Pension;#Life;#Annuity (servicing only);#Annuity; 529; Life; Group Pension; JHVLICO | 11-2418191 |
|  City National Securities, Inc. | 529 |  |
|  Realta Equities, Inc. | 529;#Group Pension;#Life;#Annuity | 56-2456935 |
|  Coker & Palmer, Inc. | Annuity; Life; Group Pension | 64-0802631 |
|  Comerica Securities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 38-2621207 |
|  Commerce Brokerage Services, Inc. | Annuity; 529; Life; Group Pension | 43-1381067 |
|  Commonwealth Financial Network | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 04-2675571 |
|  Compak Securities, Inc. | Annuity; Life; Group Pension; JHVLICO | 13-4225974 |
|  BBVA Securities, Inc. | Annuity; 529; Life; Group Pension | 75-2329230 |
|  Compass Securities Corporation | Annuity; Life; Group Pension | 04-2844064 |
|  APW Capital, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 22-3526587 |
|  Consolidated Financial Investments, Inc. | Annuity; Group Pension | 43-1490793 |
|  Continental Investors Services, Inc. | 529;#Group Pension;#Annuity (servicing only) | 91-1543805 |
|  Cooper Malone McClain, Inc. | Annuity; Life; Group Pension | 48-1024628 |
|  Coordinated Capital Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 39-1468428 |
|  Correll Co. Investment Services Corp. | Annuity; 529; Life; Group Pension; JHVLICO | 36-3400965 |
|  Country Club Financial Services, Inc. | Annuity; Life; Group Pension; BOLI | 43-1604510 |
|  Courtlandt Securities Corporation | Annuity; Life; Group Pension | 20-2966004 |
|  CPS Financial & Insurance Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 33-0701950 |
|  Cresap Inc. | Annuity;#JHVLICO;#529 | 23-2589413 |
|  Crews & Associates, Inc. | Annuity; 529; Life; Group Pension | 71-0522369 |
|  CUNA Brokerage Services, Inc. | BOLI;#Annuity; 529; Life; Group Pension; JHVLICO |  |
|  Cutter & Company, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 43-1477566 |
|  CW Securities, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 30-0149369 |
|  D.A. Davidson & Co. | Annuity; 529; Life; Group Pension | 81-0139474 |
|  D.H. Hill Securities LLP | Annuity; 529; Life; Group Pension | 76-0505272 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Davenport & Company LLC | Annuity; 529; Life; Group Pension; JHVLICO | 54-1835842 |
|  Sanctuary Securities, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 36-2957364 |
|  Davinci Capital Management Inc. | 529;#Annuity; Life; Group Pension | 01-0522492 |
|  Dawson James Securities, Inc. | Annuity; 529; Life; Group Pension | 20-0161722 |
|  Bolton Global Capital, Inc. | Annuity; 529; Life; Group Pension | 04-2848146 |
|  Dempsey Lord Smith, LLC | Annuity; 529; Life; Group Pension | 20-4853289 |
|  Deutsche Bank Securities Inc. | Annuity;#Life;#Group Pension | 13-2730828 |
|  DFP Equities, Inc. | Annuity; Life; Group Pension | 35-1403362 |
|  Diversified Resources, LLC | Annuity; Life; Group Pension | 05-0515637 |
|  Diversified Securities, Incorporated | Annuity; Life; Group Pension | 95-2409158 |
|  Dominion Investor Services, Inc. | Annuity;#Life;#Group Pension | 75-2201702 |
|  Colliers Securities, LLC | 529;#Group Pension;#Life;#Annuity | 41-1883794 |
|  Southstate Duncan-Williams Inc | Annuity; 529; Life; Group Pension | 62-0804968 |
|  Edward Jones | Annuity; 529; Life; Group Pension; JHVLICO | 43-0345811 |
|  Elish & Elish Inc. | Annuity | 25-1604700 |
|  FinTrust Brokerage Services, LLC | Annuity; Life; Group Pension | 56-1989135 |
|  Emerson Equity LLC | Annuity; 529; Life; Group Pension; JHVLICO | 74-3109983 |
|  Equity Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 03-0221141 |
|  Essex Securities LLC | Annuity; 529; Life; Group Pension | 04-3482688 |
|  Executive Services Securities, LLC | Annuity; Life; Group Pension; JHVLICO | 58-2466081 |
|  Fairport Capital, Inc. | Annuity; 529; Life; Group Pension | 06-1103413 |
|  Family Investors Company | Annuity; Life; Group Pension | 22-1715407 |
|  Farmers Financial Solutions, LLC | 529;#Annuity; Life; Group Pension | 77-0530616 |
|  FAS Corp. | Annuity; Life; Group Pension; BOLI | 74-2837348 |
|  Federated Securities, Inc. | 529 |  |
|  Feltl & Company | 529;#Group Pension;#Life;#Annuity (servicing only) | 41-1245161 |
|  Fifth Third Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 31-0961761 |
|  Finance 500, Inc. | Annuity;#Life;#Group Pension;#JHVLICO | 95-3771060 |
|  Cetera Advisor Networks, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 95-3845382 |
|  Financial Security Management, Incorporated | Annuity; 529; Life; Group Pension | 54-1832360 |
|  Financial Telesis Inc | Annuity; 529; Life; Group Pension; BOLI | 68-0279977 |
|  First Asset Financial Inc. | 529;#Group Pension;#Annuity (servicing only) | 86-1141733 |
|  First Bankers' Banc Securities, Inc | Annuity; 529; Life; Group Pension | 43-1326319 |
|  First Citizens Investor Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 56-1854695 |
|  First Command Financial Planning, Inc. | 529 |  |
|  First Dallas Securities Incorporated | Annuity; Life; Group Pension; JHVLICO | 75-2278917 |
|  First Financial Securities Of America, Inc. | Annuity; Life; Group Pension; JHVLICO | 74-2132317 |
|  First Heartland Capital, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 43-1635588 |
|  First Kentucky Securities Corporation | Annuity; Life | 61-0924505 |
|  First Horizon Advisors, Inc. | Group Pension;#Life;#Annuity (servicing only) | 62-1254528 |
|  First Western Securities, Inc. | Annuity; 529; Life | 75-2176921 |
|  FMN Capital Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 33-0649400 |
|  FMSbonds, Inc. | Annuity; Life; Group Pension; JHVLICO | 59-1842344 |
|  FNBB Capital Markets, LLC | Annuity; Life; Group Pension | 20-0532898 |
|  Folger Nolan Fleming Douglas Incorporated | 529;#Annuity; Life; Group Pension | 53-0068130 |
|  Fortune Financial Services, Inc. | 529;#Annuity; Life; Group Pension; JHVLICO | 25-1799740 |
|  Fortune Securities, Inc. | Annuity; Life; Group Pension | 95-4553711 |
|  Founders Financial Securities, LLC | Annuity; 529; Life; Group Pension | 20-2052994 |
|  Frost Brokerage Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 74-2404030 |
| G. A. Repple & Company | Annuity; 529; Life; Group Pension; JHVLICO | 59-2599605 |
|  Garden State Securities, Inc. | Annuity; 529; Life; Group Pension | 22-2319866 |
|  Oakwood Capital Securities, Inc. | Annuity; 529; Life; Group Pension | 41-1589846 |
|  ELE WEALTH SOLUTIONS, INC. | Annuity; Life; Group Pension; JHVLICO | 06-1390542 |
|  Geneos Wealth Management, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 02-0580939 |
|  General Securities Corp | 529;#Annuity; Life; Group Pension | 43-1513490 |
|  Cetera Financial Specialists LLC | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 36-3120284 |
|  Glen Eagle Wealth, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 02-0629945 |
|  Global Brokerage Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 52-1899822 |
|  Globalink Securities, Inc. | Annuity; 529; Life; Group Pension | 33-0493552 |
|  GLP Investment Services, LLC | Annuity; Group Pension | 38-3544062 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Gold Coast Securities, Inc. | Annuity; 529; Life; Group Pension | 77-0563040 |
|  Gradient Securities, LLC | 529;#Group Pension;#Life;#Annuity | 26-4463739 |
|  Grant Williams L.P. | Group Pension;#Life;#Annuity (servicing only) | 23-2990197 |
|  GRB Financial, LLC | Annuity; Life; Group Pension | 90-0115377 |
|  Great American Investors, Inc. | Annuity; 529; Life; Group Pension | 48-1099886 |
|  Greenberg Financial Group | Annuity; Life; Group Pension | 86-0903680 |
|  Greenbrier Diversified, Inc. | Annuity; 529 | 95-4049440 |
|  Gregory J. Schwartz & Co., Inc. | 529;#Group Pension;#Life;#Annuity | 38-2117812 |
|  GWN Securities Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 65-0939556 |
|  Grove Point Financial, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 52-1321340 |
| H. C. Denison Co. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 39-0794607 |
|  Avantax Investment Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 75-1869963 |
|  Hancock Investment Services, Inc. | Annuity; Life; Group Pension | 64-0867168 |
|  Hanson McClain Retirement Network, LP dba AW Securities | 529;#Annuity; Life; Group Pension | 68-0415440 |
|  Level Four Financial, LLC | Annuity; Life; Group Pension | 20-0629176 |
|  Harbour Investments, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 39-1571149 |
|  Harger and Company, Inc. | Annuity; Life; Group Pension | 72-0903128 |
|  Harold Dance Investments | Annuity; Life; Group Pension | 87-0265332 |
|  Harvest Financial Corporation | Annuity; Life; Group Pension; JHVLICO | 25-1395109 |
|  Hazard & Siegel, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 16-0954584 |
|  Hazlett, Burt & Watson, Inc. | Annuity;#Life;#Group Pension;#529;#Annuity; Life; Group Pension | 55-0538822 |
|  Heim, Young & Associates, Incorporated | Annuity; 529; Life; Group Pension | 43-1717820 |
|  Henley & Company LLC | Annuity; 529; Life; Group Pension | 02-0723515 |
|  Herbert J. Sims & Co. Inc. | Group Pension;#Life;#Annuity (servicing only);#Annuity;#529 | 13-5213180 |
|  Heritage Financial Systems, Inc. | Annuity; Life; Group Pension; JHVLICO | 23-2991359 |
|  Herndon Plant Oakley, Ltd. | Annuity; 529; Group Pension; JHVLICO | 74-2863988 |
|  Alight Financial Solutions, LLC | 529 |  |
|  HighTower Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 36-4454225 |
|  Horan Securities, Inc. | Annuity; Life; Group Pension; JHVLICO | 31-1448612 |
|  Hornor, Townsend & Kent, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 23-1706189 |
|  Insight Securities, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 36-2708269 |
|  Halliday Financial, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 46-2850591 |
|  HSBC Securities (USA) Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 13-2650272 |
|  Hudson Heritage Capital Management, Inc. | 529;#Annuity; Life; Group Pension | 13-3970289 |
|  Hunter Associates, Inc. | Annuity; Life; Group Pension | 47-5665331 |
|  Huntleigh Securities Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 43-1106957 |
|  IBN Financial Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 16-1493299 |
|  Independence Capital Co. Inc. | 529;#Group Pension;#JHVLICO;#Life;#BOLI;#Annuity | 34-1620295 |
|  Independent Financial Group, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 71-0927304 |
|  Osaic Institutions, Inc. | Annuity; 529; Life; Group Pension | 06-1367288 |
|  Infinity Securities, Inc. dba Infinity Financial Services | 529;#Group Pension;#Life;#Annuity | 68-0642587 |
|  Voya Financial Partners, LLC | Group Pension;#Life;#Annuity (servicing only) | 06-1375177 |
|  Voya Financial Advisors, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 41-0945505 |
|  Inlet Securities, LLC | Annuity; Life; Group Pension | 27-0125668 |
|  Institutional Securities Corporation | Annuity; 529; Life; Group Pension | 75-2181339 |
|  Integrated Financial Planning Services | 529;#Group Pension;#Life;#Annuity (servicing only) | 98-0385606 |
|  Integrity Brokerage Services, Inc. | Group Pension;#Annuity (servicing only);#Life | 85-1517086 |
|  Intercarolina Financial Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 56-1563464 |
|  International Assets Advisory, LLC | Group Pension;#Life;#Annuity; 529 | 59-3734291 |
|  International Money Management Group, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 52-1259351 |
|  Inverness Securities, LLC | 529;#Group Pension;#Life;#Annuity | 01-0791017 |
|  Investment Network, Inc. | Annuity | 84-1624658 |
|  Investment Planners, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 37-1202099 |
|  Investment Security Corporation | 529;#Annuity; Life; Group Pension | 95-4727975 |
|  J K R & Company, Inc. | Annuity; 529; Life; Group Pension | 95-3420368 |
| J. Alden Associates, Inc. | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 23-2825319 |
| J. K. Financial Services, Inc. | Annuity; 529; Life; Group Pension | 33-0890059 |
|  J.W. Cole Financial, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 16-1632597 |
|  Jack V. Butterfield Investment Company | Annuity; 529; Group Pension | 38-1787847 |
|  Jacques Financial, LLC | Annuity; Life; Group Pension | 52-2217889 |

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INTERNAL

------

---

| | | |
|:---|:---|:---|
|  James I. Black & Company | Annuity; Life; Group Pension | 59-1056275 |
|  James T. Borello & Co. | Annuity; Life; Group Pension | 36-3688864 |
|  Janney Montgomery Scott LLC | Annuity; 529; Life; Group Pension; JHVLICO | 23-0731260 |
|  JBS Liberty Securities, Inc. | Annuity; Life; Group Pension | 56-1863246 |
|  JDL Securities Corporation | Group Pension | 33-0446425 |
|  John Hancock Distributors LLC | 529; JHVLICO | 16-1611843 |
|  Capacuity Securities, Inc. | Annuity; Life; Group Pension | 23-2305124 |
|  Joseph Gunnar & Co. LLC | 529 |  |
| K. W. Chambers & Co. | Annuity; Life; Group Pension | 43-0785292 |
|  LF Financial, LLC (DBA Shearson Financial Services) | 529 |  |
|  KCD Financial, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 33-1057766 |
|  Key Investment Services LLC | Annuity; 529; Life; Group Pension | 13-4300906 |
|  Keystone Capital Corporation | Group Pension;#Life;#Annuity (servicing only) | 95-3744872 |
|  Kovack Securities Inc. | Annuity; 529; Life; Group Pension | 65-0747270 |
|  KW Securities Corporation | Annuity; 529; Life; Group Pension | 94-2744022 |
|  L.M. Kohn & Company | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 31-1311805 |
|  L.O. Thomas & Co. Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 22-3749272 |
|  Lamon & Stern, Inc. | Group Pension;#JHVLICO | 58-1334773 |
|  Landaas & Company | Annuity; 529; Life; Group Pension | 39-1628643 |
|  Landolt Securities, Inc. | Annuity; 529; Group Pension | 39-1662708 |
|  Allied Millennial Partners, LLC | 529;#Life;#Group Pension;#Annuity (servicing only) | 35-1632778 |
|  Lantern Investments, Inc. | 529 |  |
|  XML Securities, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 26-1142393 |
|  Larimer Capital Corporation | Annuity; Life; Group Pension; JHVLICO | 84-1028373 |
|  CliftonLarsonAllen Wealth Advisors, LLC | Annuity; Life; Group Pension | 41-1803291 |
|  LaSalle St Securities, L.L.C. | Annuity; 529; Life; Group Pension; JHVLICO | 36-2797246 |
|  Leerink Swann LLC | Annuity; Life; Group Pension | 42-1738148 |
|  Leigh Baldwin & Co., LLC | Annuity; 529; Life; Group Pension; JHVLICO | 22-3348632 |
|  Lesko Securities Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 16-1152736 |
|  Valley Financial Management, Inc. | Annuity; 529; Life; Group Pension | 13-4132289 |
|  DAI Securities, LLC | 529;#Annuity; Life; Group Pension; JHVLICO | 72-1269491 |
|  Liberty Capital Investment Corporation | 529;#Annuity; Life; Group Pension | 93-1014148 |
|  Liberty Partners Financial Services, LLC | 529;#Group Pension;#Life;#Annuity (servicing only);#Annuity; 529; Group Pension | 90-0139675 |
|  Lieblong & Associates, Inc. | Annuity; 529; Life; Group Pension | 71-0788483 |
|  Lifemark Securities Corp. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 16-1238365 |
|  Lincoln Investment Planning, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 23-1702591 |
|  Lockton Financial Advisors, LLC | Group Pension;#Life;#Annuity (servicing only) | 20-3247391 |
|  Lombard Securities Incorporated | Annuity; 529; Life; Group Pension | 52-1718358 |
|  LPL Financial Corporation | 529;#Group Pension;#Life;#Annuity (servicing only) | 95-2834236 |
|  M Holdings Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 91-1802259 |
|  M Holdings Securities, Inc. (Barefoot) | TOHI |  |
|  M Holdings Securities, Inc. (Gateway) | TOHI |  |
|  M Holdings Securities, Inc. (Holleman) | TOHI |  |
|  M Holdings Securities, Inc. (Mezrah) | TOHI |  |
|  M Holdings Securities, Inc. (MullinTBG) | TOHI |  |
|  M&T Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 16-1263079 |
|  Mack Investment Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 36-3423948 |
|  Madison Avenue Securities, Inc. | Annuity; 529; Life; Group Pension | 71-0987804 |
|  MAFG RIA Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 22-3203853 |
|  Maplewood Investment, Inc. | Annuity; 529; Life; Group Pension | 75-2908461 |
|  Mason Securities, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 54-1211119 |
|  May Capital Group, L.L.C. | Annuity; Life; Group Pension; JHVLICO | 22-3324819 |
|  McClurg Capital Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 94-2969239 |
|  Keybanc Capital Markets Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 34-1391952 |
|  McNally Financial Services Corporation | Annuity; 529; Group Pension; JHVLICO | 43-1957591 |
|  Mercer Allied Company, L.P. | Annuity; Life; Group Pension; JHVLICO | 14-1775694 |
|  Merrill Lynch, Pierce, Fenner & Smith Incorporated | 529;#Group Pension;#Life;#Annuity | 13-2808480 |
|  Mesirow Financial, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 36-3194849 |
|  Michigan Securities, Inc. | Annuity;#Life;#Group Pension;#JHVLICO | 38-3488273 |
|  Mid Atlantic Capital Corporation | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 25-1409618 |

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INTERNAL

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| | | |
|:---|:---|:---|
|  Midwestern Securities Trading Company, LLC | Annuity; 529; Life; Group Pension | 37-1392167 |
|  Milestone Investments, Inc. | Annuity; Life; Group Pension | 56-2125552 |
|  Mitre Group, LLC | Annuity; Life; Group Pension | 20-1998511 |
|  MMC Securities Corp. | Annuity; Life; Group Pension; JHVLICO; TOHI | 06-1685865 |
|  MML Investors Services, LLC | 529;#Group Pension;#JHVLICO;#Life;#BOLI | 04-1590850 |
|  Moloney Securities Co., Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 43-1714327 |
|  Money Concepts Capital Corp | 529;#Group Pension;#Life;#Annuity (servicing only) | 59-2268067 |
|  Moors & Cabot, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 04-2644548 |
|  Morgan Stanley & Co., Incorporated | Annuity; 529; Life; Group Pension; BOLI | 13-2655998 |
|  Morris Group, Inc. | Annuity; 529; Life; Group Pension | 35-1546402 |
|  Brooklight Place Securities, Inc. | Annuity; 529; Life; Group Pension | 36-3317130 |
|  Cetera Advisors, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 84-0858799 |
|  Multiple Financial Services, Inc. | Group Pension;#Life;#Annuity | 33-0860466 |
|  Mutual Funds Associates Inc. | 529; JHVLICO |  |
|  Mutual of Omaha Investor Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 47-0770844 |
|  Mutual Securities, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 95-3703162 |
|  Mutual Trust Co. of America Securities | Annuity;#Life;#Group Pension | 59-2044132 |
|  MWA Financial Services Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 36-4420471 |
|  Nations Financial Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 39-1909295 |
|  Nationwide Planning Associates Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 22-3196827 |
|  Nationwide Securities, LLC | Annuity; 529; Life; Group Pension | 36-2434406 |
|  Navy Federal Investment Services, LLC | Annuity; 529; Life; Group Pension | 04-3826446 |
|  NBC Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 63-0923499 |
|  Nelson Ivest Brokerage Services, Inc. | Annuity; Group Pension | 59-2106660 |
|  Nelson Securities,Inc. | Annuity; 529; Life; Group Pension | 91-1219910 |
|  Network 1 Financial Securities Inc. | Annuity | 74-2454126 |
|  Newbridge Securities Corporation | Annuity; 529; Life; Group Pension | 54-1879031 |
|  Next Financial Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 54-1900002 |
|  Kestra Investment Services, LLC | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 74-2794194 |
|  NGC Financial, LLC | Annuity; Life; Group Pension | 22-3871092 |
|  Ni Advisors, Inc. | 529;#Annuity; Life; Group Pension | 20-2100558 |
|  MMA Securities LLC | Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 22-3570392 |
|  Nicol Investors Corporation | Annuity; Group Pension | 68-0515054 |
|  Northern Lights Distributors, LLC | Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 77-0625792 |
|  Northern Trust Securities, Inc. | 529 |  |
|  Northland Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 41-1819873 |
|  Northwestern Mutual Investment Services, LLC | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 52-2114207 |
|  Dominari Securities, LLC | Annuity; 529; Life; Group Pension | 06-1186517 |
|  NYLife Securities LLC | 529;#Annuity; Life; Group Pension; JHVLICO; BOLI | 27-0145686 |
|  Oak Tree Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 68-0095374 |
|  Oberweis Securities, Inc. | 529; JHVLICO | 36-4106772 |
|  OFG Financial Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 48-0759751 |
|  Omni Financial Securities, Inc. | Annuity; Life; Group Pension; JHVLICO | 31-1330353 |
|  OneAmerica Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 35-1159900 |
|  Oppenheimer & Co. Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 13-5657518 |
|  P.J. Robb Variable Corporation | Annuity; Life; Group Pension; JHVLICO | 62-1592808 |
|  Pacific Financial Associates, Inc. | Group Pension;#Life;#Annuity (servicing only) | 33-0063888 |
|  Packerland Brokerage Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 39-1794957 |
|  Painter, Smith and Gorian Inc. | Annuity; Life; Group Pension | 95-3679604 |
|  Pariter Securities, LLC | Annuity; Life; Group Pension | 66-0712540 |
|  Park Avenue Securities LLC | Annuity; 529; Life; Group Pension; JHVLICO | 13-4023176 |
|  Parsonex Securities, Inc. | Annuity; 529; Life; Group Pension | 20-8580639 |
|  Paulson Investment Company, Inc. | Annuity; 529; Life; Group Pension | 93-0789804 |
|  Peachtree Capital Corporation | 529;#Group Pension;#Life;#Annuity (servicing only) | 58-1857011 |
|  Pentegra Distributors, Inc. | Annuity; Life; Group Pension | 13-3529467 |
|  Perryman Securities, Inc. | Annuity; Life; Group Pension | 75-2945060 |
|  Phoenix Equity Planning Corporation | Annuity; Life; Group Pension; JHVLICO | 23-2795977 |
|  Pinnacle Equity Management, Inc. | Annuity; Life; Group Pension | 43-1600887 |
|  Pinnacle Investments LLC | 529 |  |
|  PlanMember Securities Corporation | Annuity; 529; Life; Group Pension | 95-3706234 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Planned Financial Programs, Inc. | 529 |  |
|  PNC Investments, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 42-1604685 |
|  Portfolio Resources Group, Inc. | Annuity; 529; Life; Group Pension | 65-0370652 |
|  Preferred Client Group, Inc. | Annuity | 75-2826360 |
|  Cetera Investment Services LLC | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 41-1483314 |
|  Principled Advisors, Inc. | Group Pension;#Life;#Annuity (servicing only) | 59-3782727 |
|  Principal Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 42-0941553 |
|  Private Client Services, LLC | 529;#Group Pension;#Life;#Annuity | 61-1383537 |
|  Profinancial, Inc. | Annuity; Life; Group Pension | 72-1004707 |
|  Prospera Financial Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 75-1832551 |
|  PTS Brokerage, LLC | Group Pension;#Annuity; 529 | 22-3832388 |
|  Puplava Securities, Inc. | Annuity; Life; Group Pension | 33-0086182 |
|  Purshe Kaplan Sterling Investments, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 14-1796925 |
| R. Seelaus & Co., Inc. | Annuity; 529; Life; Group Pension | 22-2501042 |
|  R.M. Stark & Co., Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 13-3485532 |
|  Raymond James & Associates, Inc. | 529;#Group Pension;#Life;#Annuity | 59-1237041 |
|  Raymond James Financial Services, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 59-1531281 |
|  RBC Capital Markets, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 41-1416330 |
|  Red Capital Markets, LLC | Annuity; Life; Group Pension | 31-1078499 |
|  Regal Securities, Inc. | Annuity; 529; Life; Group Pension | 36-2916812 |
|  Register Financial Associates, Inc. | Group Pension;#Life;#Annuity | 58-2001619 |
|  Rhodes Securities, Inc. | Annuity; Life; Group Pension; JHVLICO | 75-2156987 |
|  Riedl First Securities Company of Kansas | Annuity; 529; Life; Group Pension | 48-1118573 |
|  RNR Securities, L.L.C. | Group Pension;#Annuity (servicing only);#Annuity; 529 | 11-3374561 |
|  Robert W. Baird & Co. Incorporated | Annuity; 529; Life; Group Pension; JHVLICO | 39-6037917 |
|  Rogan & Associates, Inc. | Annuity; 529; Life; Group Pension | 65-0718838 |
|  Romano Brothers and Company | 529;#Life;#Annuity (servicing only);#Group Pension | 36-2659240 |
|  Rothschild Investment Corporation | Annuity; Life; Group Pension | 36-2708660 |
|  Osaic Wealth, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 93-0987232 |
|  S.G. Long & Company | Annuity;#Life;#Group Pension;#529 | 81-0504511 |
|  S.L. Reed & Company | Annuity; Life; Group Pension | 95-4569995 |
|  Sage, Rutty & Co., Inc. | Annuity; 529; Life; Group Pension | 16-0620690 |
|  SagePoint Financial, Inc. | Annuity;#Life;#Group Pension;#JHVLICO;#BOLI | 20-1741754 |
|  Parkland Securities, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 74-3010408 |
|  Samuel A Ramirez & Co., Inc. | 529 |  |
|  Sanders Morris, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 76-0224835 |
|  Saxony Securities, Inc. | 529;#Group Pension;#Life;#Annuity | 43-1932300 |
|  SCF Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 86-0936511 |
|  Scott T. Taylor, Ltd. | Annuity; Life; Group Pension | 20-1277948 |
|  Scottsdale Capital Advisors Corp | Annuity; 529 | 86-1032510 |
|  Securevest Financial Group | 529 |  |
|  Securian Financial Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 14-1486060 |
|  Celadon Financial Group LLC | Annuity; Life; Group Pension | 59-2657843 |
|  Securities America, Inc. | BOLI | 11-2551174 |
|  Securities Equity Group | 529;#Annuity; Life; Group Pension; JHVLICO | 33-0842620 |
|  SEI Investments Distribution Co. | Annuity; Life; Group Pension | 23-2177800 |
|  Selkirk Investments, Inc. | Annuity; 529; Life; Group Pension | 91-1189461 |
|  Sentinel Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 04-3527574 |
|  Shareholders Service Group, Inc. | Annuity; Life; Group Pension | 71-0707839 |
|  Sigma Financial Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 38-2472555 |
|  Signal Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 75-1994786 |
|  Signature Securities Group Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 13-4120476 |
|  Silver Oak Securities, Incorporated | Annuity;#529;#Life;#Group Pension;#JHNY | 62-1765234 |
|  Sisung Securities Corporation | 529;#Group Pension;#Life;#Annuity (servicing only) | 72-1156248 |
|  SKA Securities, Inc. | Annuity | 34-1953704 |
|  Smith, Brown & Groover, Inc. | Annuity; 529; Life; Group Pension | 58-0969636 |
|  Smith, Moore & Co. | Annuity; 529; Life; Group Pension | 43-1244128 |
|  SNC Capital Management Corp. | Annuity | 36-3343717 |
|  Southeast Investments N.C. Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 56-2001267 |
|  Southern Trust Securities, Inc. | Annuity; 529; Group Pension | 65-0926091 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Momentum Independent Network Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 75-1382137 |
|  Spire Securities, LLC | Annuity; 529; Life; Group Pension | 20-8920866 |
|  St. Bernard Financial Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 71-0752696 |
|  Stanley Laman Group Securities, LLC | Annuity; Life; Group Pension; JHVLICO | 33-1027312 |
|  Stephens Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 71-0641478 |
|  Sterling Monroe Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 75-3049285 |
|  Stern Brothers & Co. | Annuity; 529 | 43-1357568 |
|  StoneX Securities Inc | Life;#Annuity (servicing only);#Group Pension | 75-2975513 |
|  Stifel, Nicolaus & Company, Incorporated | Annuity; 529; Life; Group Pension; JHVLICO | 43-0538770 |
|  Sunbelt Securities, Inc. | 529;#Annuity; Life; Group Pension | 47-9660137 |
|  Sunset Financial Services, Inc. | Group Pension;#Life;#Annuity (servicing only);#BOLI | 91-0837062 |
|  Sunstreet Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 56-2614773 |
|  SunTrust Robinson Humphrey, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 62-0871146 |
|  Truist Investment Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 58-1648698 |
|  Superior Financial Services, Inc. | Annuity; 529; Life; Group Pension | 39-1992135 |
|  SWBC Investment Services, LLC | Annuity; 529; Life; Group Pension | 20-1484586 |
|  Momentum Independent Network, Inc. |  | 75-1843605 |
|  Sycamore Financial Group | Annuity; Life; Group Pension | 35-1572068 |
|  Symphonic Securities LLC | Group Pension;#Life;#Annuity | 42-1675559 |
|  Syndicated Capital, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 95-4042447 |
|  Synovus Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 58-1625031 |
|  T.S. Phillips Investments, Inc. | Annuity;#Life;#Group Pension;#JHVLICO | 30-0089632 |
|  Tandem Securities, Inc. | Annuity | 20-4498572 |
|  Taylor Securities, Inc. | Annuity; Life; Group Pension | 62-1254593 |
|  TD Ameritrade, Inc. | Annuity; Life; Group Pension; JHVLICO | 06-0988655 |
|  Teckmeyer Financial Services, L.L.C. | Annuity; 529; Life; Group Pension | 47-0789382 |
|  World Investments, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 22-2825878 |
|  The Enterprise Securities Company | Annuity; Life; Group Pension; JHVLICO | 38-2932225 |
|  GMS Group | Annuity; 529 | 77-0606720 |
|  The Huntington Investment Company | Annuity; 529; Life; Group Pension; JHVLICO | 31-1316299 |
|  The Leaders Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO; BOLI; TOHI | 84-1275292 |
|  The New PenFacs Inc. | Annuity; Life; Group Pension | 41-2238941 |
|  The O.N. Equity Sales Company | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 31-0742113 |
|  The Oak Ridge Financial Services Group, Inc. | Annuity; Life; Group Pension; JHVLICO | 41-1868775 |
|  The Strategic Financial Alliance, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 03-0510324 |
|  The Tavenner Company | Annuity; 529; Life; Group Pension | 31-1171911 |
|  McDonald Partners, LLC | 529;#Annuity; Life; Group Pension | 20-2714559 |
|  Thompson Davis & Co., Inc. | Annuity; 529 | 13-3848035 |
|  Thoroughbred Financial Services, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 62-1784717 |
|  Thrasher & Chambers, Inc. | Life;#Annuity | 71-0824595 |
|  Thrivent Investment Management Inc. | Life; Group Pension; JHVLICO | 39-1559375 |
|  Thurston, Springer, Miller, Herd & Titak, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 35-1493200 |
|  TIAA-CREF & Institutional Services, LLC | Annuity; Life; Group Pension | 55-0856733 |
|  TimeCapital Securities Corporation | 529;#Annuity (servicing only) | 11-2339821 |
|  Trade-PMR Inc. | Annuity | 59-3539169 |
|  Signature Estate Securities, LLC | Annuity; 529; Life; Group Pension | 59-2730348 |
|  Transamerica Financial Advisors, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 59-2476008 |
|  Triad Advisors, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 65-0173164 |
|  Trinity Wealth Securities, L.L.C. | Annuity; Life; Group Pension | 43-1892336 |
|  Trubee Wealth Advisors Inc. | Annuity; 529; Life; Group Pension | 16-1406627 |
|  Trustmont Financial Group, Inc. | Annuity; 529; Life; Group Pension | 25-1527294 |
|  U.S. Bancorp Investments, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 84-1019337 |
|  U.S. Brokerage, Inc. | 529;#Annuity | 34-1809568 |
|  UBS Financial Services Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 13-2638166 |
|  UMB Financial Services, Inc. | Annuity; 529; Life; Group Pension | 43-1381257 |
|  Steward Partners Investment Solutions, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 93-0125240 |
|  Union Capital Company | Annuity; Life; Group Pension | 86-1004803 |
|  UnionBanc Investment Services, LLC | Annuity; 529; Life; Group Pension | 95-3883259 |
|  United Brokerage Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 55-0742331 |
|  United Planners' Financial Services of America A Limited Partner | Annuity; 529; Life; Group Pension; JHVLICO | 86-0588303 |

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INTERNAL

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---

| | | |
|:---|:---|:---|
|  Univest Investments, Inc. | Annuity; 529; Life; Group Pension | 23-1699073 |
|  USA Financial Securities Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 38-3397033 |
|  USI Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 06-1493970 |
|  VALIC Financial Advisors, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 76-0519992 |
|  Valley National Investments, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 23-2352181 |
|  Valmark Securities, Inc. | 529;#Group Pension;#JHVLICO;#Life;#BOLI;#Annuity | 34-1724087 |
|  Valor Financial Securities LLC | Annuity; 529; Life; Group Pension | 80-0413304 |
|  Vanderbilt Securities, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 11-3639254 |
|  Variable Investment Advisors, Inc. | Annuity | 91-1864112 |
|  VBC Securities, LLC | 529 |  |
|  Verity Investments, Inc. | 529;#Group Pension;#Life;#Annuity | 90-0739043 |
|  Vestech Securities, Inc. | 529;#Annuity; Life; Group Pension; JHVLICO | 48-1181578 |
|  Vision | 529;#Group Pension;#Life;#Annuity (servicing only) | 13-4066286 |
|  Vorpahl Wing Securities | Annuity; Group Pension | 91-1719382 |
|  Wall Street Access | 529 |  |
|  FSB Premier Wealth Management, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 93-1084013 |
|  Washington Securities Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 54-1913812 |
|  Waveland Capital Partners, LLC | Group Pension;#Life;#Annuity (servicing only) | 77-0425821 |
|  WBB Securities, LLC | Annuity; Life; Group Pension; JHVLICO | 33-0984561 |
|  Wedbush Morgan Securities Inc. | Annuity; 529; Life; Group Pension | 95-2495390 |
|  Weitzel Financial Services, Inc. | Group Pension;#Life;#Annuity (servicing only) | 42-0949102 |
|  Weller, Anderson & Co., Ltd. | Annuity; Life; Group Pension | 76-0147898 |
|  Wells Fargo Advisors Financial Network, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 48-1305000 |
|  Wells Fargo Clearing Services, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 34-1542819 |
|  Wesbanco Securities, Inc. | Annuity; 529; Life; Group Pension | 31-1484891 |
|  Modern Capital Securities Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 76-0749184 |
|  Western International Securities, Inc. | 529;#Group Pension;#Life | 84-1314321 |
|  Western Strategic Advisors, LLC | Annuity | 75-2911711 |
|  Westminster Financial Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 31-1213105 |
|  Westport Financial Services, L.L.C. | Annuity; Life; Group Pension; JHVLICO | 06-1409406 |
|  Westport Resources Investment Services, Inc. | Annuity; 529; Life; Group Pension | 22-2955076 |
|  White Mountain Capital, LLC | 529;#Annuity; JHVLICO | 13-4077093 |
|  &Partners | Annuity; 529; Life; Group Pension | 62-1627736 |
|  WJ Lynch Investor Services LLC | Annuity; Life; Group Pension | 20-4472438 |
|  Wood (Arthur W.) Company, Inc. | Group Pension;#Life;#Annuity | 04-3023088 |
|  Woodlands Securities Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 76-0248272 |
|  Woodmen Financial Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 22-3828171 |
|  World Capital Brokerage, Inc. | Annuity; 529; Life; Group Pension | 84-0478785 |
|  World Choice Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 75-2452273 |
|  World Equity Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 36-3797444 |
|  Worth Financial Group, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 75-1888861 |
| B. Riley Wealth Management, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 62-1518255 |
|  Zions Direct, Inc. | Annuity; Life; Group Pension | 87-0432248 |
|  Ziv Investment Company | Annuity; Life; Group Pension | 34-2481379 |
|  Colorado Financial Service Corporation | 529;#Group Pension;#Life;#Annuity | 26-1855173 |
|  Marc J. Lane & Company | Group Pension | 36-3342755 |
|  Dinosaur Securities, L.L.C. | 529;#Group Pension;#Life | 1341 23021 |
|  Crescent Securities Group, Inc. | 529;#Group Pension;#Life;#Annuity | 75-2947048 |
|  Wilmington Capital Securities, LLC | Group Pension | 20-1894227 |
|  Universal Financial Services Inc. | Group Pension;#Life;#Annuity | 66-0639438 |
|  Benchmark Investments, Inc. | Group Pension;#Life;#Annuity | 71-0825385 |
|  Anchor Bay Securities, LLC | Group Pension;#Life;#Annuity | 90-0391569 |
|  Larson Financial Securities, LLC | 529;#Group Pension;#Life | 27-1372444 |
|  First Liberties Financial | 529;#Group Pension;#Life;#Annuity | 11-2656907 |
|  Wellington Shields & Co., LLC | Group Pension;#Life;#Annuity | 26-3489406 |
|  American Funds & Trusts Incorporated | Group Pension | 87-0238597 |
|  Saybrus Equity Services, LLC | Group Pension;#Life | 27-1869321 |
|  Integral Financial LLC | Group Pension;#Life;#Annuity | 02-0565622 |
|  Bellamah, Neuhauser and Barrett. Inc. | Group Pension;#Life;#Annuity | 53-0260880 |
|  Capital Synergy Partners | 529;#Group Pension;#Life;#Annuity | 33-0837865 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Concorde Investment Services, LLC | 529;#Group Pension;#Life;#Annuity | 27-0498480 |
|  Brown, Lisle/Cummings, Inc. | Group Pension | 05-0310503 |
|  CNR Securities, LLC | 529 | 13-4192499 |
|  Alexander Capital, L.P. | 529 | 26-1698180 |
|  Harbor Investment Advisory, LLC | 529;#Group Pension;#Life;#Annuity | 90-0497525 |
|  Creativeone Securities, LLC | 529;#Group Pension;#Life;#Annuity | 27-1408998 |
|  USCA Securities LLC | 529;#Group Pension;#Life;#Annuity | 22-3696585 |
|  Plexus Financial Services, LLC | Group Pension;#Life;#Annuity | 27-1746834 |
|  Sovereign Legacy Securities, Inc. | Annuity | 11-1738990 |
|  McLaughlin Ryder Investments, Inc. | Group Pension;#Life;#Annuity | 26-0427041 |
|  Cambria Capital, LLC | Group Pension;#Life;#Annuity | 02-0727653 |
|  DFPG Investments, Inc. | 529;#Group Pension;#Life;#Annuity | 27-3648334 |
|  McDermott Investment Services, LLC | Life;#Annuity | 27-3120227 |
|  Hub International Investment Services, Inc. | Group Pension;#Life | 26-3188716 |
|  St. Germain Securities, Inc. | 529;#Group Pension;#Life;#Annuity | 27-3158654 |
|  DMK Advisor Group, Inc. | 529;#Group Pension;#Life;#Annuity | 84-1345780 |
|  Peak Brokerage Services LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 27-5097314 |
|  MSEC, LLC | 529;#Group Pension;#Life;#Annuity | 27-2587292 |
|  Innovation Partners, LLC | Group Pension;#Life;#BOLI;#529 | 30-0451254 |
|  Dorn & Co., Inc. | Group Pension | 41-0836886 |
|  Uhlmann Price Securities, LLC | 529;#Group Pension;#Life;#Annuity | 36-4135497 |
|  Securities Management & Research, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 59-1145041 |
|  Hantz Financial Services, Inc. | Group Pension;#Life;#Annuity | 38-3439679 |
|  David Lerner Associates | 529 | 11-2374466 |
|  Supreme Alliance LLC | Group Pension;#Life;#Annuity (servicing only) | 90-0436170 |
|  Titleist Capital, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 72-1546466 |
|  Caldwell Securities, Inc. | 529 | 94-2799654 |
|  CoreCap Investments, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 23-2809463 |
|  Cornerstone Financial Services, Inc. | Group Pension;#Life;#Annuity (servicing only) | 35-1720807 |
|  Classic, LLC | Group Pension;#Life;#Annuity (servicing only) | 45-3356898 |
|  Keel Point Capital, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 42-1607342 |
|  M.E. Allison & Co., Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 74-1037681 |
|  Santander Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 66-0534068 |
|  Snowden Account Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 94-3467207 |
|  BrokerageSelect | Group Pension;#Life;#Annuity (servicing only) | 06-1549225 |
|  Cabot Lodge Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 45-3717999 |
|  Plan B Investments, Inc. | Group Pension;#Life;#Annuity (servicing only) | 20-1688448 |
|  William Blair & Company L.L.C. | 529;#Group Pension;#Life;#Annuity (servicing only) | 36-2214610 |
|  Northwest Investment Advisors, Inc. | 529 | 91-2028565 |
|  Reid and Associates, LLC | Group Pension;#Life;#Annuity (servicing only) | 14-1778902 |
|  Niagara International Capital Limited | 529;#Group Pension;#Life;#Annuity (servicing only) | 20-2182342 |
|  Lincoln Douglas Investments, LLC | Group Pension;#Life;#Annuity (servicing only);#529 | 27-3459194 |
|  Alvarez & Marsal Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 51-0430281 |
|  M.S. Howells & Co | 529;#Group Pension;#Life;#Annuity (servicing only) | 86-0988422 |
|  Regulus Financial Group, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 26-3975819 |
|  The Jeffrey Matthews Financial Group, LLC | Group Pension;#Life;#Annuity (servicing only) | 22-3470463 |
|  Davis Securities LLC | Group Pension;#Life;#Annuity (servicing only) | 20-3138121 |
|  CommunityAmerica Financial Solutions, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 26-0046643 |
|  TCFG Wealth Management, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 80-0804654 |
|  G.W. Sherwold Associates, Inc. | Group Pension;#Life;#Annuity (servicing only) | 33-0619325 |
|  American Trust Investment Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 35-1168112 |
|  Trutoro | 529;#Group Pension;#Life;#Annuity (servicing only) | 46-3578654 |
|  MCG Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 30-0722214 |
|  Pershing Advisor Solutions, LLC | 529 | 83-0437353 |
|  Hennion & Walsh, Inc. | Group Pension;#Life;#Annuity (servicing only) | 22-3005841 |
|  IDB Capital Corp. | 529 | 13-4134872 |
|  Monere Investments, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 36-4401708 |
|  Financial Northeastern Securities, Inc. | 529 | 22-2642175 |
|  YR Securities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 47-2516544 |
|  Coldstream Securities, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 93-1198599 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Investments For You, Inc. | 529 | 31-1331407 |
|  Alexander Capital, LLC | Group Pension;#Life;#Annuity (servicing only) | 13-3866977 |
|  Mora WM Securities, LLC | Annuity (servicing only) | 45-2581955 |
|  R F Lafferty & Co., Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 13-3000887 |
|  Paradigm Equities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 38-3091434 |
|  RetireOne Investment Services, LLC | Group Pension;#Life;#Annuity (servicing only) | 47-3919321 |
|  Oriental Financial Services Corp. (NEW) | Group Pension;#Life;#Annuity (servicing only) | 66-0480123 |
|  Empire Asset Management Company | Group Pension;#Life;#Annuity (servicing only) | 20-5835358 |
|  Westpark Capital, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 84-1333428 |
|  Bankers Life Securities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 47-1481527 |
|  Allen C. Ewing & Co. (NEW) | Group Pension;#Life;#Annuity (servicing only) | 59-3000850 |
|  Stoever Glass & Company, Inc. | Group Pension;#Life;#Annuity (servicing only) | 13-2505863 |
|  Corinthian Partners, LLC (NEW) | 529 | 13-3947286 |
|  Halo Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 47-3243901 |
|  Stonecrest Capital Markets, Inc. | Group Pension;#Life;#Annuity (servicing only) | 56-1943573 |
|  Pensionmark Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 81-2334025 |
|  Four Points Capital Partners, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 76-0543859 |
|  American Global Wealth Management | 529;#Group Pension;#Life;#Annuity (servicing only) | 39-1259164 |
|  Tocqueville Securities LP | 529 | 13-3549887 |
|  Aurora Securities, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 92-0162178 |
|  Arvest Investments, Inc. | 529 | 71-0794602 |
|  Arkadios Capital LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 81-1052458 |
|  Rehmann Financial Network, LLC | Group Pension;#Life;#Annuity (servicing only) | 46-0571202 |
|  Kingswood Capital Partners, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 81-4245023 |
|  Southern Wealth Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 82-3136934 |
|  First Palladium, LLC | Group Pension;#Life;#Annuity (servicing only) | 82-2239026 |
|  Private Placement Insurance Products, LLC | Group Pension;#Life;#Annuity (servicing only) | 20-3716885 |
|  M.H. LeBlang, Inc. | Group Pension;#Life;#Annuity (servicing only) | 13-2553361 |
|  Alliance Global Partners | Group Pension;#Life;#Annuity (servicing only) | 59-2015540 |
|  Invicta Capital, LLC | Group Pension;#Life;#Annuity (servicing only) | 47-1180771 |
|  PHX Financial, Inc. | Group Pension;#Life;#Annuity (servicing only) | 41-2225155 |
|  IFP Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 83-0951655 |
|  Johnstone Brokerage Services, LLC | 529 | 83-3753682 |
|  Rockefeller Financial, LLC | Group Pension;#Life;#Annuity (servicing only);#529 | 82-3226180 |
|  Great Point Capital, LLC | Group Pension;#Life;#Annuity (servicing only);#529 | 36-4398213 |
|  Horace Mann Investors, Inc. | 529 | 37-0792966 |
|  E1 Asset Management, Inc. | Group Pension;#Life;#Annuity (servicing only) | 52-2107704 |
|  Oberlin Financial International, LLC | Group Pension;#Life;#Annuity (servicing only) | 82-3775196 |
|  W&S Brokerage Services, Inc. | Group Pension;#Life;#Annuity (servicing only) | 31-0846576 |
|  San Blas Securities, LLC | Group Pension;#Life;#Annuity (servicing only);#TOHI;#529 | 82-2542915 |
|  Transitional Broker, LLC | Group Pension;#Life;#Annuity (servicing only) | 83-4699697 |
|  Axiom Capital Management, Inc. | 529 | 13-3571312 |
|  A.E. Financial Services, LLC | Group Pension;#Life;#Annuity (servicing only);#529 | 83-1566185 |
|  Securities Research, Inc. (NEW) | Group Pension;#Annuity (servicing only) | 59-1862659 |
|  Insigneo Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 65-0886354 |
|  Barnabas Capital, LLC | Life;#Group Pension;#Annuity (servicing only) | 83-1038672 |
|  Harbour Financial Services, LLC | 529 | 20-0629176 |
|  Cabin Securities, Inc. | Annuity (servicing only) | 37-4578756 |
|  Eagles Coast Capital, LLC | 529;#Life;#Annuity (servicing only) | 82-5449412 |
|  Financial Sense Securities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 33-0674797 |
|  Axio Financial | Group Pension;#Life;#Annuity (servicing only) | 52-2338891 |
|  Lyndhurst Securities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 87-1163361 |
|  Caldwell Sutter Capital, Inc. | Life;#Annuity (servicing only);#Group Pension | 94-2799654 |
|  Fortress Private Securities, Corp. | Group Pension;#Life;#Annuity (servicing only);#529 | 82-3399190 |
|  PWA Securities, LLC | Group Pension;#Annuity (servicing only);#Life | 86-3839122 |
|  Laidlaw & Company (UK) Ltd | Group Pension;#Annuity (servicing only);#Life | 98-0380030 |
|  Signature Estate Securities, Inc. | Group Pension;#Life;#Annuity (servicing only);#529 | 59-2730348 |
|  Great Plains Financial Services, LLP | Group Pension;#Life;#Annuity (servicing only) | 91-1802066 |
|  E.E. Powell & Company, Inc. | 529 | 25-1781442 |
|  Atomic Brokerage LLC | 529 | 871569599 |
|  AAG Capital, Inc. | Group Pension;#Life;#Annuity (servicing only) | 13-2559891 |
|  Muriel Siebert & Co. LLC | 529 | 13-2639174 |
|  Encompass More Investments, LLC | Life;#Annuity (servicing only) | 87-3538075 |
|  Realta Equities, Inc. | 529 | 56-2456935 |
|  Ashton Thomas Securities | 529 | 93-4742654 |
|  LPL Enterprise, LLC | Life;#Group Pension;#Annuity (servicing only) | 25-1395109 |
|  Van Clemens & Co. Inc. | Group Pension;#Life;#Annuity (servicing only) | 41-1254549 |
|  VectorGlobal WMG | 529 | 13-3699819 |
|  Jefferies Investment Advisers LLC | 529 | 132615557 |
|  Wealth Enhancement Brokerage Services, LLC | 529 | 03-0519206 |
|  Trident Partners LTD | Group Pension;#Life;#Annuity (servicing only) | 11-3321010 |
|  Wealth Enhancement Brokerage Services, LLC | Group Pension;#Life;#Annuity (servicing only);#529 | 03-0519206 |
|  Lebenthal Financial Services Inc | 529 | 203156765 |
|  Optimized Insurance Planning |  |  |

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INTERNAL

## Exhibit 99.30

Consent of Independent Registered Public Accounting Firm

We consent to the reference to our firm under the captions "Independent Registered Public Accounting Firm" in the Statement of Additional Information, dated April 27, 2026, and included in this Post-Effective Amendment No. 18 to the Registration Statement (Form N-6, File No. 333-164164) of HANCOCK JOHN VARIABLE LIFE ACCOUNT UV/ (the "Registration Statement").

We also consent to the use of our reports (1) dated April 8, 2026, with respect to the statutory-basis financial statements of John Hancock Life Insurance Company (U.S.A.) and (2) dated April 15, 2026, with respect to the financial statements of each of the subaccounts within HANCOCK JOHN VARIABLE LIFE ACCOUNT UV/ for the year ended December 31, 2025, incorporated by reference in this Registration Statement, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Boston, Massachusetts

April 21, 2026

## Exhibit 99.30

![](g372873img55b155131.gif)

**John Hancock** 

197 Clarendon Street <br>Boston, Massachusetts 02116 <br>(617) 572-0070 <br>E-mail: mramirez@jhancock.com

**Michael A. Ramirez** <br>AVP and Senior Counsel

April 21, 2026

U.S. Securities and Exchange Commission <br>450 F St., N.E. <br>Washington, D.C. 20549

Re: John Hancock Variable Life Account UV File Nos. 811-7766 and 333-164164

Commissioners:

This opinion is being furnished with respect to the filing of Post-Effective No. 18 under the Securities Act of 1933 (Post-Effective Amendment No. 97 under the Investment Company Act of 1940) on the Form N-6 Registration Statement of John Hancock Variable Life Account UV as required by Rule 485 under the 1933 Act.

I have acted as counsel to Registrant for the purpose of preparing this Post-Effective Amendment which is being filed pursuant to paragraph (b) of Rule 485 and hereby represent to the Commission that in our opinion this Post-Effective Amendment does not contain disclosures which would render it ineligible to become effective pursuant to paragraph (b).

I hereby consent to the filing of this opinion with and as a part of this Post-Effective Amendment to Registrant's Registration Statement with the Commission.

Very truly yours,

/s/ Michael A. Ramirez

Michael A. Ramirez <br>AVP and Senior Counsel

Majestic Performance Survivorship Variable Universal Life, Variable Estate Protection Edge, Performance Survivorship Variable Universal Life

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