# EDGAR Filing Document

**Accession Number:** 0000820299
**File Stem:** 0001193125-26-166765
**Filing Date:** 2026-4
**Character Count:** 274587
**Document Hash:** b90305800578597f701bcd7cd1c157b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-166765.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001193125-26-166765

**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 V
- **CENTRAL INDEX KEY:** 0000820299

**ORGANIZATION NAME:**
- **EIN:** 042664016
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05290
- **FILM NUMBER:** 26879477

**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
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HANCOCK JOHN VARIABLE LIFE ACCOUNT V
- **CENTRAL INDEX KEY:** 0000820299

**ORGANIZATION NAME:**
- **EIN:** 042664016
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-164175
- **FILM NUMBER:** 26879476

**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

## Series and Classes Contracts Data

### HANCOCK JOHN VARIABLE LIFE ACCOUNT V (Series ID: S000009980)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000086010 | Flex-V1      |  |

As filed with the U.S. Securities and Exchange Commission on April 21, 2026 <br>Registration No. 333-164175

------

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

------

FORM N-6

SEC File No 811-5290

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 <br>POST EFFECTIVE AMENDMENT NO. 17 [X]

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 <br>AMENDMENT NO. 54 [X]

John Hancock Variable Life Account V

(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 V

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

Scheduled Premium Variable Life Insurance Policy

FLEX-V1

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 V ("Separate Account"), and the subaccount invests those amounts exclusively in one of the portfolios.

You may also allocate account value to a "fixed account" 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.

No new FLEX-V1 policies have been issued or offered since 2005. Accordingly, this prospectus does not include information about certain aspects of your policy that are no longer relevant to you because of the length of time your policy has been outstanding. These include, for example, certain information about our policies and procedures in connection with issuing a new policy, as well certain fees or charges that we will no longer deduct from your policy and certain rights you had to cancel or exchange your policy that no longer apply because of the length of time your policy has now been outstanding.

------

**Table of Contents** 

---

| | |
|:---|:---|
| **[important Information you should consider about the policy](#xx_7fa9852a-689e-4763-9333-029b0e91a7a5_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| **[Overview of the Policy](#xx_07f4afbc-61da-4dfe-a4d9-b5138ddf3525_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Purpose](#xx_07f4afbc-61da-4dfe-a4d9-b5138ddf3525_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Premiums](#xx_07f4afbc-61da-4dfe-a4d9-b5138ddf3525_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Policy Features](#xx_07f4afbc-61da-4dfe-a4d9-b5138ddf3525_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Death benefit.](#xx_07f4afbc-61da-4dfe-a4d9-b5138ddf3525_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Surrender of the policy.](#xx_07f4afbc-61da-4dfe-a4d9-b5138ddf3525_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Withdrawals.](#xx_07f4afbc-61da-4dfe-a4d9-b5138ddf3525_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Policy loans.](#xx_07f4afbc-61da-4dfe-a4d9-b5138ddf3525_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Supplementary benefit riders.](#xx_07f4afbc-61da-4dfe-a4d9-b5138ddf3525_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Fee Table](#xx_89cb76f9-3001-49f9-8299-c83d09d990a0_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| **[General Description of the Policy](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Policy Rights](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Owner and beneficiary.](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Allocation of Premiums](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Transfers of Account Value](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Limitations on transfers to or from a variable investment account.](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Frequent transfers among variable investment accounts.](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Limitations on transfers out of the fixed account.](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Potential additional limitations.](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Dollar cost averaging and asset allocation balancer programs.](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| *[General Account](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[The fixed account.](#xx_fc91c84f-864e-42d7-ac58-fe86ca6aa514_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Premiums](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Purchase Procedures](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| *[Premium Payments](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| **[Maximum premium payments.](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| **[Ways to pay premiums.](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| **[Minimum premium requirements.](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| **[Choice of premium schedule.](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| **[Required Premium.](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| **[Lapse.](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| **[Premium recalculation.](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| **[Processing premium payments.](#xx_e13775b5-7202-40fb-bc54-cd6c1bfaf9e6_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Standard Death Benefits](#xx_900e8a35-2332-4ea4-8930-1a8de0e2c82e_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| *[Standard Death Benefits](#xx_900e8a35-2332-4ea4-8930-1a8de0e2c82e_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Death benefit.](#xx_900e8a35-2332-4ea4-8930-1a8de0e2c82e_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Change of Sum Insured.](#xx_900e8a35-2332-4ea4-8930-1a8de0e2c82e_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Calculation and payment of the death benefit.](#xx_900e8a35-2332-4ea4-8930-1a8de0e2c82e_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Changes you may make.](#xx_900e8a35-2332-4ea4-8930-1a8de0e2c82e_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| *[Additional Information About Standard Death Benefits](#xx_900e8a35-2332-4ea4-8930-1a8de0e2c82e_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Excess Value.](#xx_900e8a35-2332-4ea4-8930-1a8de0e2c82e_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Limitations on payment of death benefit.](#xx_900e8a35-2332-4ea4-8930-1a8de0e2c82e_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Surrenders and Withdrawals](#xx_e16a6cc9-16bd-4e32-8f2a-ab1cf388b8d6_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| **[Loans](#xx_5b7d1ae9-d816-4b03-ae45-0684f0ee61e9_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| *[Availability of Loans, Limitations and Interest](#xx_5b7d1ae9-d816-4b03-ae45-0684f0ee61e9_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| *[Loan Repayments](#xx_5b7d1ae9-d816-4b03-ae45-0684f0ee61e9_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |

---

------

---

| | |
|:---|:---|
| **[Other Benefits Available Under the Policy](#xx_e01844a0-98bf-4ac5-902a-448116d9d5ad_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[More About Certain Optional Benefits](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Disability Payment of Premium Rider](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)[—](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Insured or Spouse YRT Rider](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)[—](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Children's Insurance Benefit Rider](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)[—](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Accidental Death Benefit Rider](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)[—](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Applicant Payment of Premium Rider](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)[—](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[10 Year Level Term Rider](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)[—](#xx_2e4d190a-0206-4096-ac74-de6792833bc0_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Taxes](#xx_c158edd7-55c2-4b1e-bf04-9a4931250297_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| *[Tax Consequences of Owning a Policy](#xx_c158edd7-55c2-4b1e-bf04-9a4931250297_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| *[Effect on the Company's Taxes](#xx_c158edd7-55c2-4b1e-bf04-9a4931250297_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| **[Principal Risks of Investing in the Policy](#xx_bad15bab-c879-4b7a-acc7-3df40da52f92_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Lapse Risk](#xx_bad15bab-c879-4b7a-acc7-3df40da52f92_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Modified Schedule Premium Risk](#xx_bad15bab-c879-4b7a-acc7-3df40da52f92_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Investment Risk/Risk of Loss](#xx_bad15bab-c879-4b7a-acc7-3df40da52f92_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Access to Funds Risk/Not a Short-Term Investment](#xx_bad15bab-c879-4b7a-acc7-3df40da52f92_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Transfer Risk](#xx_bad15bab-c879-4b7a-acc7-3df40da52f92_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Tax Risks](#xx_bad15bab-c879-4b7a-acc7-3df40da52f92_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Cybersecurity Risks](#xx_bad15bab-c879-4b7a-acc7-3df40da52f92_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| **[Additional Information Regarding the Policy](#xx_94baabf8-f277-43d4-8995-5c69e0156997_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Charges](#xx_94baabf8-f277-43d4-8995-5c69e0156997_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Deductions from premium payments.](#xx_94baabf8-f277-43d4-8995-5c69e0156997_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Deductions from account value.](#xx_94baabf8-f277-43d4-8995-5c69e0156997_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Charges at the portfolio level.](#xx_94baabf8-f277-43d4-8995-5c69e0156997_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Additional Information About How Certain Policy Charges Work](#xx_94baabf8-f277-43d4-8995-5c69e0156997_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Other Charges We Could Impose in the Future](#xx_94baabf8-f277-43d4-8995-5c69e0156997_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Commissions Paid to Dealers](#xx_94baabf8-f277-43d4-8995-5c69e0156997_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Lapse and Reinstatement](#xx_94baabf8-f277-43d4-8995-5c69e0156997_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| **[Lapse and Lapse Options.](#xx_94baabf8-f277-43d4-8995-5c69e0156997_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| **[Reinstatement.](#xx_94baabf8-f277-43d4-8995-5c69e0156997_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[Variations](#xx_94baabf8-f277-43d4-8995-5c69e0156997_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[Policy or Registrant Changes](#xx_94baabf8-f277-43d4-8995-5c69e0156997_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[When We Pay Policy Proceeds](#xx_94baabf8-f277-43d4-8995-5c69e0156997_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| **[General Description of Registrant, Depositor and Portfolios](#xx_94baabf8-f277-43d4-8995-5c69e0156997_6)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| *[Depositor](#xx_94baabf8-f277-43d4-8995-5c69e0156997_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| *[Registrant](#xx_94baabf8-f277-43d4-8995-5c69e0156997_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| *[Portfolios](#xx_94baabf8-f277-43d4-8995-5c69e0156997_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| *[Voting Portfolio Shares](#xx_94baabf8-f277-43d4-8995-5c69e0156997_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| **[Legal Proceedings](#xx_94baabf8-f277-43d4-8995-5c69e0156997_7)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Financial Statements](#xx_94baabf8-f277-43d4-8995-5c69e0156997_7)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Appendix: Portfolios Available Under The Policy](#xx_0ac473c2-b634-495f-8d94-c6c392a9efae_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** |
| Transaction Charges | &nbsp;&nbsp; You may be charged for the following transactions:<br>A premium sales charge, a premium tax charge, and a premium processing <br> charge will be deducted from each premium paid.<br>A premium recalculation charge will reduce the amount of account value <br> applied to reduce the Basic Premium upon a premium recalculation that the <br> policy provides for. The "Basic Premium" is the basic amount you must pay <br> for the policy, excluding the amount you must pay for any supplementary <br> benefit riders you have chosen.<br>An extra death benefit option charge will be deducted upon the exercise of <br> the Extra Death Benefit Option. The "Extra Death Benefit Option" can <br> provide you the opportunity to use any Excess Value in your policy to <br> increase the amount of the policy's Guaranteed Death Benefit. Such "Excess <br> Value" can result from (a) your paying more premiums into the policy than <br> you are required to pay, (b) our deducting charges from your policy at less <br> than the maximum rates permitted by your policy, and/or (c) favorable <br> performance of the investment options to which you allocate your policy's <br> account value.<br>A Basic Premium Reduction Value Option charge will be deducted upon the <br> exercise of the Basic Premium Reduction Value Option. The "Basic Premium <br> Reduction Value Option" gives you the option to use any Excess Value in <br> your policy to reduce the amount of your Basic Premium.<br>An extra mortality risk charge may be deducted upon payment of Required <br> Premium. The "Required Premium" generally is the amount of your policy's <br> Basic Premium, plus the additional premium we require you to pay for any <br> supplementary benefit riders you have selected.<br>A partial withdrawal charge will be deducted upon making a partial <br> 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 four such transfers in a <br> year. | &nbsp;&nbsp; You may be charged for the following transactions:<br>A premium sales charge, a premium tax charge, and a premium processing <br> charge will be deducted from each premium paid.<br>A premium recalculation charge will reduce the amount of account value <br> applied to reduce the Basic Premium upon a premium recalculation that the <br> policy provides for. The "Basic Premium" is the basic amount you must pay <br> for the policy, excluding the amount you must pay for any supplementary <br> benefit riders you have chosen.<br>An extra death benefit option charge will be deducted upon the exercise of <br> the Extra Death Benefit Option. The "Extra Death Benefit Option" can <br> provide you the opportunity to use any Excess Value in your policy to <br> increase the amount of the policy's Guaranteed Death Benefit. Such "Excess <br> Value" can result from (a) your paying more premiums into the policy than <br> you are required to pay, (b) our deducting charges from your policy at less <br> than the maximum rates permitted by your policy, and/or (c) favorable <br> performance of the investment options to which you allocate your policy's <br> account value.<br>A Basic Premium Reduction Value Option charge will be deducted upon the <br> exercise of the Basic Premium Reduction Value Option. The "Basic Premium <br> Reduction Value Option" gives you the option to use any Excess Value in <br> your policy to reduce the amount of your Basic Premium.<br>An extra mortality risk charge may be deducted upon payment of Required <br> Premium. The "Required Premium" generally is the amount of your policy's <br> Basic Premium, plus the additional premium we require you to pay for any <br> supplementary benefit riders you have selected.<br>A partial withdrawal charge will be deducted upon making a partial <br> 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 four such transfers in a <br> year. | &nbsp;&nbsp; You may be charged for the following transactions:<br>A premium sales charge, a premium tax charge, and a premium processing <br> charge will be deducted from each premium paid.<br>A premium recalculation charge will reduce the amount of account value <br> applied to reduce the Basic Premium upon a premium recalculation that the <br> policy provides for. The "Basic Premium" is the basic amount you must pay <br> for the policy, excluding the amount you must pay for any supplementary <br> benefit riders you have chosen.<br>An extra death benefit option charge will be deducted upon the exercise of <br> the Extra Death Benefit Option. The "Extra Death Benefit Option" can <br> provide you the opportunity to use any Excess Value in your policy to <br> increase the amount of the policy's Guaranteed Death Benefit. Such "Excess <br> Value" can result from (a) your paying more premiums into the policy than <br> you are required to pay, (b) our deducting charges from your policy at less <br> than the maximum rates permitted by your policy, and/or (c) favorable <br> performance of the investment options to which you allocate your policy's <br> account value.<br>A Basic Premium Reduction Value Option charge will be deducted upon the <br> exercise of the Basic Premium Reduction Value Option. The "Basic Premium <br> Reduction Value Option" gives you the option to use any Excess Value in <br> your policy to reduce the amount of your Basic Premium.<br>An extra mortality risk charge may be deducted upon payment of Required <br> Premium. The "Required Premium" generally is the amount of your policy's <br> Basic Premium, plus the additional premium we require you to pay for any <br> supplementary benefit riders you have selected.<br>A partial withdrawal charge will be deducted upon making a partial <br> 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 four 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 transaction charges, you will also be subject to certain ongoing <br> fees and expenses, including an insurance charge, a maintenance charge for <br> issuing and maintaining the policy, a guaranteed death benefit charge, a <br> mortality and expense risk ("M&E") charge and supplementary benefit rider <br> charges. Some of these fees and expenses are based wholly or in part on the <br> characteristics of the insured person (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 transaction charges, you will also be subject to certain ongoing <br> fees and expenses, including an insurance charge, a maintenance charge for <br> issuing and maintaining the policy, a guaranteed death benefit charge, a <br> mortality and expense risk ("M&E") charge and supplementary benefit rider <br> charges. Some of these fees and expenses are based wholly or in part on the <br> characteristics of the insured person (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 transaction charges, you will also be subject to certain ongoing <br> fees and expenses, including an insurance charge, a maintenance charge for <br> issuing and maintaining the policy, a guaranteed death benefit charge, a <br> mortality and expense risk ("M&E") charge and supplementary benefit rider <br> charges. Some of these fees and expenses are based wholly or in part on the <br> characteristics of the insured person (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% | 1.09% | &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 THE* <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 sales charge and premium tax <br> charge, as well as potential adverse tax consequences from such <br> short-term use.<br>| &nbsp;&nbsp; *Access to Funds* <br> *Risk/Not a Short-Term* <br> *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 account) will have <br> its own unique risks, and you should review these options before <br> making an allocation decision. You can find the prospectuses and <br> other information about the portfolios at <br> dfinview.com/JohnHancock/PUFT/FlexV1_V.<br>| &nbsp;&nbsp; *Investment Risk/Risk of* <br> *Loss*<br>|
| 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 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; Any amount of premium required to keep the policy in force is in <br> default if not paid on or before its scheduled due date, but the policy <br> provides a 61-day grace period for the payment of each such amount. <br> If a default is not cured within a 61- day grace period, your policy <br> will terminate (i.e., "lapse"). You can apply to reinstate a policy that <br> has lapsed, subject to conditions that include payment of a specified <br> amount of additional premiums.<br>Since withdrawals reduce your account value, withdrawals increase <br> the risk of lapse. Loans also increase the risk of lapse.<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 account) <br> that you may choose, as well as limitations on the transfer of account <br> value among those options. In particular, your allocation options will <br> be affected if you elect to take a loan. These restrictions may include <br> a monthly limit on the number of transfers you may make. We may <br> also impose additional restrictions to discourage market timing and <br> disruptive trading activity.<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; *Transfer of Account* <br> *Value*<br>*Availability of Loans,* <br> *Limitations and Interest*<br>*Portfolios*<br>|

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| | | |
|:---|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** | **RESTRICTIONS** |
| 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; *OTHER BENEFITS* <br> *AVAILABLE UNDER* <br> *THE POLICY*<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 held <br> through a tax-qualified plan. If we pay out any amount of your <br> account value upon surrender or partial withdrawal, all or part of that <br> distribution would generally be treated as a return of the premiums <br> you've paid and not subjected to income tax, with any portion not <br> treated as a return of your premiums includible in your income. <br> 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** 

The purpose of the policy is to provide lifetime protection against economic loss due to the death of the insured person, to help you accumulate assets through variable investment and fixed accounts that we make available, and to provide or supplement your retirement income. The policy may be appropriate for persons seeking both life insurance protection and the potential for the accumulation of cash values. However, 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." Premiums are scheduled and payable during the lifetime of the insured person in accordance with our established rules and rates. Premiums are payable at our Service Office on or before the due date specified in the policy, which is the last business day of the policy year.

When you applied for your policy, you chose whether your Required Premiums would be payable on a Level Schedule or on a Modified Schedule. The Modified Schedule differs from the Level Schedule in that, among other things, it provides for a one-time recalculation of the Basic Premium, which can cause the Basic Premium to increase or decrease. The policy owner can request this recalculation, but if not requested within a certain time limit, the recalculation occurs automatically. If this recalculation occurs at a time when the policy's account value is high enough in relation to benefits being provided under the policy, a decrease in Basic Premium may result, which would also reduce the Required Premium. Otherwise, the recalculation may increase these premiums.

If the Level Schedule was selected, however, you may be able to reduce the Required Premium by exercising the policy's Basic Premium Reduction Value Option at time when your policy has Excess Value.

You may pay more than the Required Premium during a policy year and may ask to be billed for an amount greater than any Required Premium. You may also pay amounts in addition to any billed amount. However, each premium payment must be at least $25. We reserve the right to limit premium payments above the amount of the cumulative Required Premiums due on the policy. The ability to pay more than the Required Premium provides you with considerable payment flexibility in meeting the premium requirements of the policy. In particular, the payment of more than the Required Premium in an earlier year can be relied upon to satisfy the Required Premium requirements in later years.

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. If you exceed certain other limits, the law may impose a penalty on amounts you take out of your policy. We'll monitor your premium payments and let you know if you're about to exceed this limit. Also, we may refuse to accept any amount of an additional premium if that amount of premium would increase our insurance risk exposure, and the insured person doesn't provide us with adequate evidence that he or she continues to meet our requirements for issuing insurance. In no event, however, will we refuse to accept any premium necessary to prevent the policy from terminating.

From each premium payment you make, we deduct the applicable premium charges identified in the FEE TABLE. We invest the rest (the "net premium") in the variable investment account or the fixed account options 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. Amounts that you allocate to the fixed account are 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.

**Policy Features** 

**Death benefit.** The "death benefit" payable upon the death of the insured person is the greater of the Guaranteed Death Benefit including any Extra Death Benefit, or the Current Death Benefit (defined below).

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The "Guaranteed Death Benefit" at any time is the sum of the Basic Death Benefit and any Extra Death Benefit (defined below). The "Basic Death Benefit" at issue of the policy is the same as the "Sum Insured" at issue shown in the policy. Thereafter the Basic Death Benefit may be reduced by a partial surrender on your request. We guarantee that, regardless of the investment experience of the investment options, the death benefit will never be less than the Guaranteed Death Benefit.

An Extra Death Benefit may be available from time to time on policy anniversaries if there is Excess Value in your policy at that time. In that case, if you exercise the policy's Extra Death Benefit Option, the amount of Extra Death Benefit produced under that Option becomes a Guaranteed Death Benefit. This Option may be unavailable, however, if the insured person is an extra mortality risk.

The "Current Death Benefit" on any date is the account value on that date times the "Death Benefit Factor" shown in the policy, as discussed more fully below under "Standard Death Benefits—Death Benefit." Therefore, the Current Death Benefit is variable—that is, it increases as the account value increases and decreases as the account value decreases.

**Surrender of the policy.** You may surrender the policy in full while the insured person is alive. A "surrender" is when you return your policy to us and, if you do, we will pay you the account value of the policy less any outstanding policy debt. This is called your "surrender value."

**Withdrawals.** Under our current administrative rules, you may make a partial withdrawal of your policy's Excess Value, if any, once in each policy year. Each partial withdrawal must be at least $500. There is a charge for each partial withdrawal. We will automatically reduce the account value of your policy by the amount of the withdrawal and the related charge.

**Policy loans.** You may borrow from your policy at any time by completing the appropriate form. The minimum amount of each loan is $300. 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 applied for the policy, you may have requested any of the below-listed available optional supplementary benefit riders, which can vary from state to state. Charges for most riders will be deducted monthly from the policy's account value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Insured or Spouse Yearly Renewable Term (YRT) Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Children's Insurance Benefit Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accidental Death Benefit Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Disability Payment of Premium Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Applicant Payment of Premium Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ten Year Level 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** |
| Maximum premium sales charge | Upon payment of premium | 4.5% of premium paid in any policy year |
| Premium tax charge | Upon payment of premium | 2.5% of each premium paid |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum premium processing charge | Upon payment of premium | $2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum premium recalculation <br> charge<br>| Upon premium recalculation<sup>(1)</sup> <br>| &nbsp;&nbsp; 3% of amount of account value applied to <br> reduce Basic Premium<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum Extra Death Benefit Option <br> charge<br>| &nbsp;&nbsp; Upon exercise of the Extra Death Benefit <br> Option<br>| 3% of amount of Excess Value applied |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum Basic Premium Reduction <br> Value Option charge<br>| &nbsp;&nbsp; Upon exercise of the Basic Premium <br> Reduction Value Option<br>| 3% of amount of Excess Value applied |
| Extra mortality risk charge<sup>(2)</sup> <br>| Upon payment of Required Premium | &nbsp;&nbsp; Up to $76.98 per $1,000 of current Sum <br> Insured<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum partial withdrawal charge | Upon making a partial withdrawal | Lesser of 2% of withdrawal amount or $25 |
| Transfer fee<sup>(3)</sup> <br>| &nbsp;&nbsp; Upon each transfer into or out of a variable <br> investment account beyond an annual limit <br> of four<br>| No contractual maximum |

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&nbsp;&nbsp;&nbsp;&nbsp;*(1) This charge applies only if the new Basic Premium after recalculation is less than the Basic Premium on the Level Schedule for the insured person's age at issue of the policy. This charge is mandatory in that premium recalculation will automatically occur if not requested prior to the later of (i) the policy anniversary nearest the insured person's 69th birthday, or (ii) the ninth policy anniversary.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(2) This charge is determined in accordance with our underwriting rules and is assessed if the insured person does not qualify for either the preferred or standard underwriting class. Underwriting classifications are based upon a number of factors, the most important of which is medical history.* 

*(3) 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 |  | $0.06 per $1,000 of AAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $165.34 per $1,000 of AAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for representative insured <br> person<br>|  | $0.18 per $1,000 of AAR |
| Maximum maintenance charge | Monthly | &nbsp;&nbsp; $4 plus 2¢ per $1,000 of current Sum <br> Insured<br>|
| Guaranteed death benefit charge | Monthly | 3¢ per $1,000 of current Sum Insured |
| M&E charge:<sup>(2)</sup> <br>| Daily from separate account assets | .002% (daily rate) of assets |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum policy loan interest rate<sup>(3)</sup> <br>| &nbsp;&nbsp; Accrues daily<br> Payable annually<br>| 6.0% 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** |
| Insured or Spouse YRT Rider:<sup>(4)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Charge |  | $0.08 per $1,000 of YRT death benefit |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum Charge |  | $83.33 per $1,000 of YRT death benefit |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for representative insured <br> person<br>|  | $0.20 per $1,000 of YRT death benefit |
| Children's Insurance Benefit Rider | Monthly | $0.50 per $1,000 Rider Sum Insured |
| Accidental Death Benefit Rider:<sup>(5)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Charge |  | &nbsp;&nbsp; $0.75 per $1,000 of accidental death <br> benefit<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum Charge |  | &nbsp;&nbsp; $1.71 per $1,000 of accidental death <br> benefit<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for representative insured <br> person<br>|  | &nbsp;&nbsp; $0.78 per $1,000 of accidental death <br> benefit<br>|
| Disability Payment of Premium Rider:<sup>(6)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Charge |  | $0.02 per $1,000 of current Sum Insured |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum Charge |  | $0.48 per $1,000 of current Sum Insured |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for representative insured <br> person<br>|  | $0.05 per $1,000 of current Sum Insured |
| Applicant Payment of Premium Rider:<sup>(7)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Charge |  | &nbsp;&nbsp; 0.003 times Required Premium for base <br> policy and all other riders<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum Charge |  | &nbsp;&nbsp; 0.04 times Required Premium for base <br> policy and all other riders<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for representative insured <br> person<br>|  | &nbsp;&nbsp; 0.004 times Required Premium for base <br> policy and all other riders<br>|
| 10 Year Level Term Rider:<sup>(8)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum Charge |  | $0.23 per $1,000 of term death benefit |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum Charge |  | $2.46 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>|  | $0.37 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 Sum Insured, the length of time the policy has been in effect, the insurance risk characteristics of the insured person and (generally) the gender of the insured person. The minimum rate shown is the rate in the first policy year for a $1,000,000 policy issued to cover a 10 year old female preferred non- tobacco underwriting risk. The maximum rate shown is the rate in the first policy year for a $100,000 policy issued to cover a 99 year old male standard tobacco underwriting risk. The representative insured person rate shown is for a 35 year old male standard non- tobacco underwriting risk with a $100,000 policy. 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) This charge only applies to separate account assets (i.e., those assets invested in the variable investment accounts). The charge does not apply to the fixed account. The effective annual rate equivalent of the actual unrounded daily rate charged is .60%.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(3) 6.0% is the effective annual interest rate charged in states where the fixed loan interest rate is applicable. In all other states, the loan interest rate is variable and will not be less than 5.0%. The amount of any loan is transferred from the investment options to a special loan account which earns interest at an effective annual rate that is 1% less than the loan interest rate in policy years 1-20 and 0.5% less than the loan interest rate thereafter. 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;*(4) "YRT" stands for "Yearly Renewable Term." The charge for this rider is determined by multiplying the amount of insurance under the rider by the applicable cost of insurance rate for the rider. The rates vary widely depending upon the amount of YRT coverage and the insurance risk characteristics and gender of the person insured under the rider. The minimum rate shown is the rate for a rider with $1,000,000 of coverage insuring a 0 year old female preferred underwriting risk. The maximum rate shown is the rate for a rider with $100,000 of coverage insuring a 99 year old male standard tobacco underwriting risk. The representative insured person rate shown is for a 35 year old male standard non-tobacco underwriting risk with $100,000 of rider coverage. If the Disability Payment of Premium* 

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*Rider is also elected, the charge for this rider will be increased by 54%. If the person covered under this rider is rated substandard, there will be an extra charge for this rider of up to $116.04 per $1,000 of YRT death benefit. 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;*(5) The charge for this rider is determined by multiplying the AAR by the applicable rate. The rates vary by the issue age and the insurance risk characteristics of the insured person. The minimum rate shown is for a 20 year old male tobacco underwriting risk. The maximum rate shown is for an 85 year old female preferred non tobacco underwriting risk. The representative insured person rate shown is for a 35 year old male standard 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;*(6) The charge for this rider is determined by multiplying the current Sum Insured under the policy by the applicable rate. The rates vary widely depending upon the age and rider underwriting rating of the insured person. The minimum rate shown is for a 0-3 year old insured person with a standard rider rating. The maximum rate shown is for a 57-58 year old insured person with the maximum substandard rider rating. The representative insured person rate shown is for a 35 year old with a standard rider rating. 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;*(7) The charge for this rider is determined by multiplying the total Required Premium for the base policy and the charges for all other riders by the applicable rate. The rates vary widely depending upon the age of the applicant and the age of the insured person. The minimum rate shown is for an 18 year old applicant and a 0 year old insured person. The maximum rate shown is for a 50 year old applicant and a 14 year old insured person. The representative applicant and insured person rate shown are for a 35 and a 0 years old, respectively. 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;*(8) The charge for this rider is determined by multiplying the term death benefit under the rider by the applicable rate. The rates vary widely depending upon the age and gender of the person insured under the rider. The minimum rate shown is for a 20 year-old female. The maximum rate shown is for a 64 year old male. The representative insured person rate shown is for a 35 year old male. These 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; 1.09% |

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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 the insured person 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 account

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Request us to make a premium recalculation if you are paying premiums under the Modified Schedule

&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 the 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** 

Premium payments generally will be allocated among the variable investment or fixed account as of the business day on or next following the date they are received at the Service Office. By written request and at any time, you may change the variable investment accounts or fixed account in which future premium payments will be invested. You made the original allocation in the application for the policy. The percentages you select must be in whole numbers and must total 100%.

Whether through the allocation of premium or through the transfer of existing account value, you can never be invested in more than ten investment options at any one time.

**Transfers of Account Value** 

You may also transfer your existing account value from one variable investment or fixed account option to another. 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.

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

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Market variable investment account to any other variable investment account or any fixed account 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 for any transfer beyond an annual limit (which would be four 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 account.** Transfers out of the fixed account option are currently subject to the following restrictions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You can only make such a transfer once a year and only during the 31 day period following your policy anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We must receive the request for such a transfer during the period beginning 60 days prior to the policy anniversary and ending 30 days after it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The most you can transfer at any one time is the greater of $500 or 20% of the assets in your fixed investment option.

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

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**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 options, (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 option into any other variable investment option or a fixed account. If insufficient funds exist to effect a DCA transfer, the transfer will not be effected and you will be so notified. Under the asset allocation balancer program you will designate an allocation of account value among variable investment options. We will move amounts among the variable investment options 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 options. 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** 

Our obligations under the policy's fixed account are backed by our general account assets. 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. Instead, we guarantee that the account value allocated to the fixed investment option will accrue interest daily at an effective annual rate of at least 4% without regard to the actual investment experience of the general account.

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 account.** Account value allocated to any fixed account will accrue interest daily at an effective annual rate that we determine and that depends on a number of significant considerations in addition to the actual investment experience we expect for the general account. The policies currently offer only one fixed account, but we reserve the right to offer one or more additional fixed accounts with characteristics differ from the current fixed account. Any interest we credit in excess of the guaranteed interest crediting rate will be based on our sole discretion. Additionally, there may be extended periods of time during which no interest above the guaranteed minimum is declared.

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**Premiums** 

**Purchase Procedures** 

Generally, the policy was available with a minimum Sum Insured at issue of $25,000 for insured persons with an attained age of less than 25 at the time of policy issue, and $50,000 for insured persons with attained ages of 25 through 75 at the time of policy issue. Policies issued in Montana or in connection with certain employee do not directly reflect the sex of the insured person in either the premium rates or the charges or values under the policy.

**Premium Payments** 

We call the investments you make in the policy "premiums" or "premium payments." Premiums are scheduled and payable during the lifetime of the insured person in accordance with our established rules and rates. Premiums are payable at our Service Office on or before the due date specified in the policy, which is the last business day of the policy year.

You may pay more than the Required Premium during a policy year and may ask to be billed for an amount greater than any Required Premium. You may also pay amounts in addition to any billed amount. However, each premium payment must be at least $25. We reserve the right to limit premium payments above the amount of the cumulative Required Premiums due on the policy.

The ability to pay more than the Required Premium provides you with considerable payment flexibility in meeting the premium requirements of the policy. Consider a policy with a $1,000 Required Premium and where you pay $1,250 in each of the first eight policy years. If none of the additional premium of $2,000 is applied under a "Value Option" (discussed below under "Additional Information About Standard Death Benefits—Excess Value"), the policy will remain in force for at least ten years without any further premium payments. During each of these ten years, the premium received ($1,250 a year for eight years) at least equals the aggregate Required Premiums ($1,000 a year for 10 years) on the scheduled due dates. In other words, the payment of more than the Required Premium in a year can be relied upon to satisfy the Required Premium requirements in later years. If, however, you were to apply $500 of the additional premium to a Value Option, then only $1,500 would remain to meet Required Premiums. The policy would remain in force for at least 9 years but a payment of $500 may be necessary by the end of the tenth policy year to keep the policy in force.

**Maximum premium payments.** 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 the maximum. If you exceed certain other limits, the law may impose a penalty on amounts you take out of your policy. We'll monitor your premium payments and let you know if you're about to exceed this limit.

Also, we may refuse to accept any amount of an additional premium if that amount of premium would increase our insurance risk exposure, and the insured person doesn't provide us with adequate evidence that he or she continues to meet our requirements for issuing insurance. In no event, however, will we refuse to accept any premium necessary to prevent the policy from terminating.

**Ways to pay premiums.** 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 Life." 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 our Service Office at the appropriate address shown on the back cover of this prospectus.

We will also accept premiums:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by wire or by exchange from another insurance company,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• via an electronic funds transfer program (any owner interested in making monthly premium payments must use this method), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if we agree to it, through a salary deduction plan with your employer.

You can obtain information on these other methods of premium payment by contacting your John Hancock USA representative or by contacting our Service Office.

**Minimum premium requirements.** An amount of Required Premium is determined at the start of each policy year. Generally, the full amount of Required Premium must be paid by the last scheduled due date of the policy year.

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Premium requirements are met by premium payments on a cumulative basis. This means that, for example, you can make early payments of Required Premiums for future years, subject to certain limits.

Generally, we count all premiums received when we determine whether the premium requirement is met on a scheduled due date. This cumulative amount of premiums received is reduced for this purpose by amounts withdrawn from the premium component of Excess Value and amounts applied from the premium component to any Value Option other than the Accumulate Option. The premium requirement will also be deemed satisfied on the last business day of the second or any later policy year if any Excess Value is available on the scheduled due date.

Failure to satisfy a premium requirement on a scheduled due date may cause the policy to terminate.

**Choice of premium schedule.** At the time of application, you selected either a Level Schedule or a Modified Schedule as the basis for the Basic Premium on the policy. Under the Level Schedule, the Basic Premium will never increase during the lifetime of the insured person. With the Level Schedule, the Basic Premium is completely insulated from any adverse investment performance. If the Modified Schedule is chosen, the Basic Premium is initially lower than under the Level Schedule. However, a premium recalculation (described below) must occur no later than the policy anniversary nearest the insured person's 72nd birthday. At the time of the premium recalculation, we determine a new Basic Premium which is payable through the remaining lifetime of the insured person.

A comparison of the Basic Premiums at issue under the Level and Modified Schedules for a Sum Insured at issue of $100,000 for a male is shown below:

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| | | |
|:---|:---|:---|
| **Issue Age** | **Level** | **Modified** |
| 25 | &nbsp;&nbsp; $1113.00 | &nbsp;&nbsp; $708.00 |
| 40 | &nbsp;&nbsp; $1954.00 | &nbsp;&nbsp; $1305.00 |
| 55 | &nbsp;&nbsp; $3869.00 | &nbsp;&nbsp; $2585.00 |

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**Required Premium.** The Required Premium determined at the start of each policy year equals an amount for the Basic Death Benefit ("Basic Premium") or $300 if the annual Basic Premium is less than $300, plus any additional premium for extra mortality risk or supplementary benefit riders that have been purchased. The Basic Premium is a level amount that does not change if the Level Schedule is selected. If the Modified Schedule is selected, the Basic Premium does not change until the premium recalculation occurs.

If the account value on the business day immediately preceding the policy anniversary, when multiplied by the Death Benefit Factor on that policy anniversary, is equal to or greater than the Guaranteed Death Benefit, then no Required Premium is applicable to the following policy year. This means that even if no premium is paid during the policy year, the premium requirement will be met on the scheduled due date at the end of the policy year. If applicable, we will mail a written notice to you within 10 days after any policy anniversary stating that no premium payment is required in that policy year.

**Lapse.** Any amount of premium required to keep the policy in force is in default if not paid on or before its scheduled due date, but the policy provides a 61-day grace period for the payment of each such amount. If your policy enters a grace period, we will notify you of how much you will need to pay to keep the policy in force. If you don't pay at least the required amount by the end of the grace period, your policy will terminate (i.e., lapse) See "Lapse and Reinstatement."

**Premium recalculation.** You may elect the premium recalculation applicable to any policy on a Modified Schedule at any time up to the policy anniversary nearest the insured person's 72nd birthday. If elected, the premium recalculation will be effected on the policy anniversary next following receipt at our Service Office of satisfactory written notice. If not elected sooner, we will effect the premium recalculation on the policy anniversary nearest the insured person's 72nd birthday.

The new Basic Premium resulting from a premium recalculation may be less than, equal to or greater than the original Basic Premium but it will never exceed the maximum Basic Premium shown in the policy. The new Basic Premium depends on the insured person's sex and age, the Guaranteed Death Benefit under the policy and the account value on the business day immediately preceding the date of the premium recalculation.

A charge will be made if the new Basic Premium is below the Basic Premium on the Level Schedule for the insured person's age at issue of the policy. The charge will not exceed 3% of the amount of account value applied by us to reduce the new Basic Premium to an amount below the Basic Premium which would have been payable on the Level Schedule for the insured person's age at issue.

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**Processing premium payments.** We will process any premium payment as of the day we receive it, unless one of the following exceptions applies:

&nbsp;&nbsp;&nbsp;&nbsp;(1) If you pay a sufficient premium to take your policy out of a grace period, the portion of such premium that equals the overdue Required Premium will be processed as of that Required Premium's due date.

&nbsp;&nbsp;&nbsp;&nbsp;(2) We will process the portion of any premium payment for which we require evidence of the insured person's continued insurability only after we have received such evidence and found it satisfactory to us.

&nbsp;&nbsp;&nbsp;&nbsp;(3) If we receive any premium payment that we think will cause a policy to become a "modified endowment" (as discussed below under "Tax Consequences of Owning a Policy") or will cause a policy to lose its status as life insurance under the tax laws, we will not accept the excess portion of that premium payment and will immediately notify the owner. We will refund the excess premium when the premium payment check has had time to clear the banking system (but in no case more than two weeks after receipt), except in the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The tax problem resolves itself prior to the date the refund is to be made; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The tax problem relates to modified endowment contract status and we receive a signed acknowledgment from the owner prior to the refund date instructing us to process the premium notwithstanding the tax issues involved.

In the above cases, we will treat the excess premium as having been received on the date the tax problem resolves itself or the date we receive the signed acknowledgment. We will then process it accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;(4) If a premium payment is received or is otherwise scheduled to be processed (as specified above) on a date that is not a business day, the premium payment will be processed on the business day next following that date.

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**Standard Death Benefits** 

**Standard Death Benefits** 

**Death benefit.** The death benefit payable upon the death of the insured person is the greater of the Guaranteed Death Benefit, including any Extra Death Benefit, or the Current Death Benefit.

The Guaranteed Death Benefit at any time is the sum of the Basic Death Benefit and any Extra Death Benefit. The Basic Death Benefit at issue of the policy is the same as the Sum Insured at issue shown in the policy. Thereafter the Basic Death Benefit may be reduced by a partial surrender on your request. We guarantee that, regardless of the investment experience of the investment options, the death benefit will never be less than the Guaranteed Death Benefit.

An Extra Death Benefit may be available from time to time on policy anniversaries. If you exercise the policy's Extra Death Benefit Value Option on a policy anniversary, the amount of Extra Death Benefit produced under the Option becomes a Guaranteed Death Benefit. The amount of any Extra Death Benefit depends upon the account value, Benchmark Value and the sex and age of the insured person on the policy anniversary as of which the Option is exercised. ("Benchmark Value" is a measure of the amount necessary to support your policy's benefits at any time, as more fully discussed below under "Additional Information About Standard Death Benefits—Excess Value.") The insured person's age on a policy anniversary is the age of the insured person on his or her birthday nearest that date.

The Current Death Benefit on any date is the account value on that date times the Death Benefit Factor shown in the policy. The Death Benefit Factor depends upon the sex and the then attained age of the insured person. The Death Benefit Factor decreases from year to year as the attained age of the insured person increases. For example, the Death Benefit Factor for a male age 75 is 1.3546, and for a male age 76 is 1.3325. A complete list of Death Benefit Factors is set forth in the policy. The Current Death Benefit is variable—that is it increases as the account value increases and decreases as the account value decreases.

Poor investment performance of the portfolios, expenses, and deduction of charges under the policy all will reduce the account value and net cash surrender value and may also reduce the death benefit. However, favorable investment performance may increase the account value, net cash 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.

**Change of Sum Insured.** You may request a decrease in your Sum Insured at any time, subject to our administrative rules in effect at the time. If approved, any such decrease will be effective on the monthly processing date next following our receipt of the request.

Under our current administrative rules, you cannot request an increase in your Sum Insured.

**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** 

**Excess Value.** As of the last business day in each policy year, we compare the account value of the policy against the "Benchmark Value" (described below) to determine if any "Excess Value" exists under the policy. Excess Value is any amount of account value greater than the Benchmark Value. If you wish to know the amount of Excess Value at any time, just contact our Service Office. Benchmark Value can be thought of as what the guaranteed cash value would be under an otherwise comparable non-variable whole life policy. It is the amount we deem necessary to support your policy's benefits at any time based on accepted actuarial methods and assumptions.

The Benchmark Value depends upon the policy's Guaranteed Death Benefit, the Required Premium, any outstanding loan, and the sex and attained age of the insured person. The formula describing precisely how Benchmark Value is calculated on each policy anniversary is set forth in the policy. In general, the Benchmark Value increases as more guarantees are provided in the policy, either in the form of higher Guaranteed Death Benefits or lower premiums. If there is a loan outstanding, the Benchmark Value will not be less than 110% of the outstanding loan amount. The Benchmark Value generally increases over the life of the policy, as the attained age of the insured person increases.

Excess Value may arise from two sources. The "premium component" is that portion of Excess Value up to the amount by which the cumulative premiums paid (excluding amounts from this component previously withdrawn) exceed the cumulative amount of Required Premiums due to date. The "experience component" is that portion of Excess Value above the premium component and arises out of favorable investment experience or lower than maximum insurance and expense charges.

If Excess Value is available on a policy anniversary, any premium component and experience component will be applied under Value Options you elect. Either component may be applied to any available Value Option. The amounts to be applied will be determined in accordance with your election and in accordance with our then current rules. A change in an election will be effective as of the policy anniversary next following its date of receipt in writing at our Service Office or, if subject to underwriting rules, its date of approval. Any change in election does not affect amounts previously applied under any Value Option.

The policy includes three "Value Options":

*The Accumulate Option* leaves any Excess Value in the account value and does not affect the guarantees under the policy. The Accumulate Option is available on both premium schedules and no limit is placed on the amount that may be applied from either the premium component or the experience component.

*The Extra Death Benefit Option* increases the amount of Guaranteed Death Benefit. The Extra Death Benefit Option is available on both premium schedules. No limit is placed on the amount that may be applied from the experience component. The amount that may be applied from the premium component is limited to an amount that depends upon the Sum Insured at issue and the insured person's age at issue of the policy. Amounts applied from the premium component reduce the cumulative amount of premiums received under the policy for purposes of determining whether the policy will continue to remain in force. A guaranteed death benefit charge is made against the account value to cover the risk assumed by us in providing the increased Guaranteed Death Benefit. The Extra Death Benefit Value Option may not be available if the insured person is an extra mortality risk.

The increase in Guaranteed Death Benefit equals the amount applied less the guaranteed death benefit charge times the Death Benefit Factor shown in the policy. An increase in the Guaranteed Death Benefit may increase our AAR (amount at risk) under the policy, which would increase the amount of the insurance charge. See "Deductions from account value". You may decrease the amount of any Extra Death Benefit on the policy. Depending upon the amount of account value under a policy, a decrease may result in an amount of Excess Value, which you may take as a partial withdrawal. Any decrease is effective at the end of the business day in which we receive written notice of the request.

*The Basic Premium Reduction Option* permanently decreases the amount of the Basic Premium that would otherwise have to be paid in a policy year to avoid a lapse at the end of the year. The Basic Premium Reduction Option is available only on the Level Schedule. No limit is currently placed on the amount that may be applied from either component except that the Basic Premium may not be reduced below zero. Amounts applied from the premium component reduce the cumulative amounts of premiums received under the policy for purposes of determining whether the policy will continue to remain in force. A

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guaranteed death benefit charge is made against the account value to cover the risk assumed by us that the Guaranteed Death Benefit will remain in effect notwithstanding the lower future premiums. The reduction in Basic Premium equals the amount applied, less the guaranteed death benefit charge, divided by the "Premium Credit Factor" shown in the policy. The Premium Credit Factor depends upon the sex and the then attained age of the insured person. The Premium Credit Factor decreases from year to year as the attained age of the insured person increases. For example, the Premium Credit Factor for a female age 60 is 13.6798, and for a female age 61 is 13.3382.

Changing your insurance coverage under the policy can have possible tax consequences.

**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 the insured person, we will adjust, if necessary, the benefit to that which would have been purchased at the correct age or sex by the most recent insurance charges or as otherwise provided by your policy.

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**Surrenders and Withdrawals** 

You may surrender your policy in full at any time. If you do, we will pay you the account value, less any unpaid charges and policy debt. This is called your "surrender value." You must return your policy when you request a full surrender.

You may partially surrender your policy upon submission of a written request satisfactory to us in accordance with our rules. Currently, the policy after partial surrender must have a Sum Insured at least as large as the minimum amount for which we would issue a policy on the life of the insured person. The Guaranteed Death Benefit for the policy will be adjusted to prospectively reflect the new Sum Insured. A pro-rata portion of the account value will be paid to you. Possible alternatives to the partial surrender of the policy would be withdrawal of some or all of any Excess Value or taking a policy loan.

Under our current administrative rules, you may make a partial withdrawal of your policy's Excess Value, if any, once in each policy year. Each partial withdrawal must be at least $500. There is a charge for each partial withdrawal. We will automatically reduce the account value of your policy by the amount of the withdrawal and the related charge. Each investment option will be reduced in the same proportion as the account value is then allocated among them. Unless the Current Death Benefit exceeds the Guaranteed Death Benefit, a partial withdrawal will not affect the death benefit payable.

Amounts withdrawn from the premium component of Excess Value reduce the cumulative amount of premiums received for purposes of determining whether the premium requirements of the policy have been met. On a Modified Schedule, because the account value is reduced by a partial withdrawal, the premium that results from the premium recalculation will be higher because of the partial withdrawal.

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**Loans** 

**Availability of Loans, Limitations and Interest** 

You may borrow from your policy by completing a form satisfactory to us or, if the telephone transaction authorization form has been completed, by telephone. The minimum amount of each loan is $300, unless the loan is used to pay premiums. The maximum amount you can borrow is equal to 100% of that portion of your surrender value that is attributable to the fixed account plus 90% of that portion of your surrender value that is attributable to the variable investment accounts Interest charged on any loan will accrue daily at an annual rate determined by John Hancock at the start of each policy year. This interest rate will not exceed the greater of (1) the "Published Monthly Average" (defined below) for the calendar month ending 2 months before the calendar month of the policy anniversary or (2) 5%. In jurisdictions where a fixed loan rate is applicable, we will charge interest at an effective annual rate of 6%. The "Published Monthly Average" means Moody's Corporate Bond Yield Average—Monthly Average Corporates, as published by Moody's Investors Service, Inc., or if the average is no longer published, a substantially similar average established by the insurance regulator where the policy is issued. 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 a rate that is 1% less than the loan interest rate for the first 20 Policy years and .5% less than the loan interest rate thereafter. 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 taxable distribution 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 credited on the special loan account to a rate that would, in our reasonable judgement, 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.

**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 same proportionate part of the loan as was borrowed from the fixed account will be repaid to the fixed account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The remainder of the repayment will be allocated among the variable investment accounts in the same way a new premium payment would be allocated.

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. Policy loans may result in adverse tax consequences under certain circumstances.

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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 the fixed <br> account.<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>|
| Disability Payment of <br> Premium Rider<br>| &nbsp;&nbsp; Pays a specified amount of Required Premium each <br> month during the insured person's total disability.<br>| &nbsp;&nbsp; We must receive due proof of the insured person's <br> total disability, as defined in the rider. The benefit <br> continues until the earlier of (i) the policy <br> anniversary nearest the insured person's 65th <br> birthday, or (ii) the cessation of total disability.<br>|
| Insured or Spouse YRT <br> Rider<br>| &nbsp;&nbsp; This rider provides a level or decreasing amount of <br> term insurance on the life of the insured person or <br> the insured person's spouse.<br>| &nbsp;&nbsp; In applying for this rider, the applicant chose the <br> term period and whether the coverage amount is <br> level or decreasing.<br>|
| Children's Insurance <br> Benefit Rider<br>| &nbsp;&nbsp; This rider covers children of the insured person at <br> the time of application and children born or <br> adopted after the rider is purchased.<br>| &nbsp;&nbsp; For coverage to begin on any child, he or she must <br> have been more than 14 days old and less than 15 <br> years old.<br>|
| Accidental Death Benefit <br> Rider<br>| &nbsp;&nbsp; This rider provides for an additional insurance <br> benefit if the insured person's death is due to <br> accidental causes.<br>| &nbsp;&nbsp; The accidental cause must have occurred between <br> the policy anniversaries nearest the insured person's <br> 5th and 70th birthdays.<br>|
| Applicant Payment of <br> Premium Rider<br>| &nbsp;&nbsp; This rider provides its benefit upon the death of the <br> applicant for the policy or during the total disability <br> (as defined in the rider) of the applicant. The <br> benefit continues until the earlier of (i) the policy <br> anniversary nearest the insured person's 22nd <br> birthday or (ii) the cessation of total disability. The <br> monthly benefit is equal to one-twelfth of the <br> policy's annual Required Premium.<br>| &nbsp;&nbsp; If no Required Premium is applicable for a given <br> year (because the test described above under <br> "Premium Payments—Required Premiums" has <br> been satisfied), then no benefit will be payable <br> under this rider during that year.<br>|
| 10 Year Level Term Rider | &nbsp;&nbsp; This rider provides a level amount of term <br> insurance coverage if the person insured under the <br> rider dies during the 10 year term period.<br>| &nbsp;&nbsp; You choose the coverage amount when applying for <br> this rider.<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 supplementary benefit riders by contacting the Service Office at 1-800-732-5543. Charges for most riders will be deducted from the policy's 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>Disability Payment of Premium Rider</u><u>—</u>** This rider provides its benefit during the total disability (as defined in the rider) of the insured person. The benefit continues until the earlier of (i) the policy anniversary nearest the insured person's 65th birthday or (ii) the cessation of total disability. The monthly benefit is equal to one-twelfth of the policy's annual Required Premium. However, if no Required Premium is applicable for a given year (because the test described above under "Premium Payments—Required Premiums" has been satisfied), then no benefit will be payable under this rider during that year.

**• <u>Insured or Spouse YRT Rider</u><u>—</u>** This rider provides a level or decreasing amount of term insurance on the life of the insured person or the insured person's spouse. The benefit is payable if the person insured under the rider dies during the term period. In applying for this rider, the applicant chose the term period and whether the coverage amount is level or decreasing.

**• <u>Children's Insurance Benefit Rider</u><u>—</u>** This rider covers children of the insured person at the time of application and children born or adopted after the rider is purchased. For coverage to begin on any child, he or she must be more than 14 days old and less than 15 years old. Coverage will continue until the earliest of (i) termination of the rider upon request, (ii) lapse of the policy, (iii) the insured person's 65th birthday, (iv) election to convert to permanent coverage on the child's 18th birthday, or (v) the child's 22nd birthday. Since we don't know which children are covered at any point in time, it is up to policy owners to terminate the rider if it no longer suits their needs.

**• <u>Accidental Death Benefit Rider</u><u>—</u>** This rider provides for an additional insurance benefit if the insured person's death is due to accidental causes between the policy anniversaries nearest the insured person's 5th and 70th birthdays.

**• <u>Applicant Payment of Premium Rider</u><u>—</u>** This rider provides its benefit upon the death of the applicant for the policy or during the total disability (as defined in the rider) of the applicant. The benefit continues until the earlier of (i) the policy anniversary nearest the insured person's 22nd birthday or (ii) the cessation of total disability. The monthly benefit is equal to one-twelfth of the policy's annual Required Premium. However, if no Required Premium is applicable for a given year (because the test described under "Premiums" has been satisfied), then no benefit will be payable under this rider during that year.

**• <u>10 Year Level Term Rider</u><u>—</u>** This rider provides a level amount of term insurance coverage if the person insured under the rider dies during the 10 year term period. You choose the coverage amount when applying for this rider.

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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. 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).

**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** 

Any amount of premium required to keep the policy in force is in default if not paid on or before its scheduled due date, but the policy provides a 61-day grace period for the payment of each such amount. 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.

**Modified Schedule Premium Risk** 

If you choose the Modified Schedule as the basis for the Basic Premium on the policy, the Basic Premium is initially lower than if you'd chosen the Level Schedule. However, under the Modified Schedule the Basic Premium will be recalculated no later than the policy anniversary nearest the insured person's 72nd birthday. The Basic Premium could be considerably higher after recalculation.

**Investment Risk/Risk of Loss** 

The policy offers a number of variable investment accounts, as listed in the APPENDIX. The investment performance of any variable investment account may be good or bad, and you can 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 s 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 account and indexed account options), 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.

**Access to Funds 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 is a risk that you will not be able (or willing) to access your account value by surrendering the policy. Partial withdrawals may be made only from Excess Value, if any, and are limited to one per year. There also is a fee for each partial withdrawal.

**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 number of options you can invest in at one time. The limitations on transfers out of the fixed account are more restrictive than those that apply to transfers out of variable investment accounts.

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.

**Tax Risks** 

In order for you to receive the tax benefits extended to life insurance under the Internal Revenue 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.

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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.

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 exercising certain rights under the policy.

**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 processing charge</u><u>—</u>** A charge to cover premium collection and processing costs. The charge is currently $2 and will never exceed that amount.

**<u>Premium tax charge</u><u>—</u>** A charge to cover state premium taxes we currently expect to pay, on average. This charge is currently 2.5% of each premium.

**<u>Premium sales charge</u><u>—</u>** A charge to help defray our sales costs. The charge is 4.5% of the premiums you pay each policy year (after deduction of the premium processing charge). We currently waive this charge for policies with a Sum Insured of $250,000 or higher, but continuation of that waiver is not guaranteed.

**Deductions from account value.** 

**<u>Maintenance charge</u> <u>—</u>** A monthly charge to help defray our administrative costs. This charge is also in two parts: (1) a flat dollar charge of up to $4, and (2) a charge of 2¢ per $1,000 of the current Sum Insured. This charge currently cannot exceed $6.75 per month, but this limit is not guaranteed and may be withdrawn or modified at any time.

**<u>Insurance charge</u> <u>—</u>** A monthly charge for the cost of insurance. To determine the charge, we multiply the AAR by a cost of insurance rate. The rate is derived from an actuarial table. 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 rates based on the 1980 Commissioners' Standard Ordinary Mortality Tables. The table of rates we use will depend on the insurance risk characteristics and gender of the insured person, the current 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 the insured person's attained age increases. (The insured person's "attained age" on any date is his or her age on the birthday nearest that date.) We will charge lower current insurance rates under a policy with a current Sum Insured of $250,000 or more if the insured person is over age 32 and in the standard underwriting class or is over age 34 and in the preferred underwriting class.

**<u>Guaranteed death benefit charge</u> <u>—</u>** A monthly charge for our guarantee that the death benefit will never be less than the Sum Insured. This charge is currently 1¢ per $1,000 of the Sum Insured at the time the charge is deducted. We guarantee that this charge will never exceed 3¢ per $1,000 of the Sum Insured at the time the charge is deducted.

**<u>Extra death benefit option charge</u> <u>—</u>** Upon exercise of the Extra Death Benefit Option, we will impose a one-time charge equal to 3% of the amount of Excess Value applied under this option.

**<u>Basic Premium reduction value option charge</u> <u>—</u>** Upon exercise of the Basic Premium Reduction Value Option, we will impose a one-time charge equal to 3% of the amount of Excess Value applied under this option.

**<u>Extra mortality risk charge</u> <u>—</u>** An insured person who does not qualify for either the preferred or standard underwriting class must pay an additional Required Premium because of the extra mortality risk. We collect this additional premium in two ways: up to 7% of the additional premium is deducted from premiums when paid and the remainder of the additional premium is deducted monthly from your policy's account value in equal installments.

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**<u>M & E charge</u> <u>—</u>** A daily charge for mortality and expense risks we assume. This charge is deducted from the variable investment options. It does not apply to the fixed account option. The current charge is at an effective annual rate of .60% of the value of the assets in each variable investment option. We guarantee that this charge will never exceed an effective annual rate of .60%.

**<u>Supplementary benefit rider charges</u> <u>—</u>** Charges 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 "Periodic Charges Other than Annual Portfolio Expenses." These charges are also specified in the rider's provisions or the policy specifications. The charges that we currently apply to the Insured or Spouse YRT Rider and 10-Year Level Term Rider are less than the maximum charges and are subject to change; however, the current charges will never be more than the maximum charges shown. You can obtain information about the specific charges applicable to you from your John Hancock USA representative.

**<u>Premium recalculation charge</u> <u>—</u>** When a premium recalculation is effected on policy on a Modified Schedule, and the new Basic Premium is less than the Basic Premium on the Level Schedule for the insured person's age at issue of the policy, a one- time deduction is made from the amount applied as compensation for the additional guarantee. The current charge is 1.5% of the amount applied to reduce the new Basic Premium to an amount below the Basic Premium on the Level Schedule for the insured person's age at issue. We may increase this charge, but it will never exceed 3% of the amount applied.

**<u>Partial withdrawal charge</u> <u>—</u>** A charge for each partial withdrawal of Excess 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 $25.

**<u>Loan interest rate</u> <u>—</u>** The maximum loan interest charged on any loan is shown in the Fee Tables and described under "Policy loans" in this prospectus.

**<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 for any transfer beyond an annual limit (which would be four 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 APPENDIX.

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

The premium sales charge helps 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 policy. 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 charge for mortality and expense risks and other 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 deduct the monthly charges described in the Fee Tables section from your policy's investment options in proportion to the amount of account value you have in each. For each month that we cannot deduct any charge because of insufficient account value, the uncollected charge will accumulate and be deducted when and if sufficient account value becomes available.

The insurance under the policy continues in full force during any grace period but, if the insured person dies during the policy grace period, the amount of unpaid monthly charges is deducted from the death benefit otherwise payable.

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

Except for the DAC tax charge, 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 premium tax charge and the DAC 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.

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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 117.5% of the premium paid in the first policy year under a modified schedule, 13% of such premium paid in the second through fourth policy years, and 3% of such premium paid in each policy year thereafter. 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 <u>Statement of Additional Information (the "SAI").</u> 

**Lapse and Reinstatement** 

**Lapse and Lapse Options.** Any amount of premium required to keep the policy in force is in default if not paid on or before its scheduled due date, but the policy provides a 61-day grace period for the payment of each such amount. The policy continues in full force during the grace period. If the insured person dies during the grace period, we will deduct the amount in default from the death benefit. During the grace period, you cannot make transfers among investment options or make a partial withdrawal or policy loan. If your policy enters a grace period, we will notify you of how much you will need to pay to keep the policy in force. If you don't pay at least the required amount by the end of the grace period, your policy will terminate (i.e., lapse). If a policy lapses, we apply the surrender value on the date of lapse to one of three options for continued insurance that does not require further payment of premium: Variable Paid-Up Insurance, Fixed Paid-Up Insurance or Fixed Extended Term Insurance on the life of the insured person, commencing on the date of lapse.

Both the Variable and Fixed Paid-Up Insurance options provide an amount of paid-up whole life insurance, determined in accordance with the policy, which the surrender value will purchase. The amount of Variable Paid-Up Insurance may then increase or decrease, subject to any guarantee, in response to the investment experience of the variable investment accounts. The Fixed Paid-Up Insurance option provides a fixed and level amount of insurance. The Fixed Extended Term Insurance option provides a fixed amount of insurance determined in accordance with the policy, with the insurance coverage continuing for as long a period as the available policy surrender value will purchase.

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The Variable Paid-Up Insurance option is not available unless its initial amount is at least $5,000. If you have elected no option before the end of the grace period, the Fixed Extended Term Insurance option automatically applies unless the amount of Fixed Paid-Up Insurance would equal or exceed the amount of Fixed Extended Term Insurance or unless the insured person is a substandard risk. In either of the latter cases, Fixed Paid-Up Insurance is provided.

You may surrender a policy that is being continued under any of these options for the option's surrender value while the insured person is living. Loans may be available under the Variable and Fixed Paid-Up Insurance options.

**Reinstatement.** You can still reactivate (i.e., "reinstate") a lapsed policy within 3 years from the beginning of the grace period, unless the surrender value has been paid out or otherwise exhausted or the period of any Fixed Extended Term Insurance has expired. 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.

Generally, the suicide exclusion and incontestability provisions will apply from the effective date of reinstatement. 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. We disclose all material variations in this prospectus.

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 variation in charges, features, or benefits 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 Registrant 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 accounts 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.

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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 7 days after we receive the last required form or request (and, with respect to the death benefit, any other documentation that may be required). 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. Please contact our Service Office for more information. 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 New York Stock Exchange ("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 account 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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**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 V, 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 APPENDIX.

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 policy 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."

**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 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/FlexV1_V. 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 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. | 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 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 |
| 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 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 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> <br>| 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> <br>| 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 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 |

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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 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 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 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 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 |
| 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 |

---

*\* 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, policy 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/FlexV1_V. 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. 811-5290—1933 Act File No. 333-164175 <br>EDGAR Contract Identifier No. C000086010

------

Statement of Additional Information <br>dated April 27, 2026

for interests in

John Hancock Variable Life Account V <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 V:

---

| | |
|:---|:---|
| **Name of Policy (and SEC EDGAR Identifier #)** | **Name of Policy (and SEC EDGAR Identifier #)** |
| Flex-V1 (C000086010) | Flex-V2 (C000086011) |

---

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_71871d20-841f-4632-b0ed-8e81b69f915d_1)** | 2 |
| *[Depositor](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_1)* | 2 |
| *[Registrant](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_1)* | 2 |
| **[Services](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_1)** | 2 |
| **[Underwriters](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_1)** | 2 |
| *[Principal Underwriter](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_1)* | 2 |
| *[Offering and Commissions](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_1)* | 2 |
| *[Other Payments](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_2)* | 3 |
| **[Additional Information](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_2)** | 3 |
| *[Sales Load](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_2)* | 3 |
| *[Underwriting Procedures](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_2)* | 3 |
| **[Financial statements](#xx_71871d20-841f-4632-b0ed-8e81b69f915d_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 V (the "Registrant" or "Separate Account"), is a separate account established by the Depositor under Michigan law on May 27, 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 V'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/820299/000119312526156875/d21811dnvpfs.htm)[<u>on Form N-VPFS</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312526156875/d21811dnvpfs.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 V (File No. 811-05290) 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/820299/000119312526156875/d21811dnvpfs.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 V is incorporated by reference to post-effective</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510102406/dex9926a.htm)[<u>amendment number 1, file number 333-164175, filed with the Commission in April 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510102406/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/820299/000119312510000123/dex9926a.htm)[<u>Hancock Variable Life Account V from John Hancock Variable Life Insurance Company, incorporated by reference to the</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926a.htm)[<u>Registrant's Initial Registration Statement filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/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>](d51037dex99302b.htm)

[<u>(d)(1) Form of Policy Endorsement for John Hancock Variable Life Insurance Company dated December 31, 2009,</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d1.htm)[<u>incorporated by reference to Registrant's Initial Registration Statement filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d1.htm)

[<u>Form 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/820299/000119312510102406/dex9926d1.htm)[<u>333-164150, filed with the Commission in April 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510102406/dex9926d1.htm)

[<u>(2) Form of specimen flexible variable life insurance policy for Flex V1, incorporated by reference to the initial registration</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d2.htm)[<u>statement, file number 333-164175, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d2.htm)

[<u>(3) Form of specimen Disability Benefit Payment of Premiums Rider, incorporated by reference to the initial registration</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d3.htm)[<u>statement, file number 333-164175, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d3.htm)

[<u>(4) Form of specimen Accidental Death Benefit Provision Additional Fixed Benefit Rider, incorporated by reference to the</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d4.htm)[<u>initial registration statement, file number 333-164175, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d4.htm)

[<u>(5) Form of specimen Children's Insurance Benefit Rider, incorporated by reference to the initial registration statement, file</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d5.htm)[<u>number 333-164175, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d5.htm)

[<u>(6) Form of specimen Yearly Renewable Decreasing Term Benefit Rider, incorporated by reference to the initial registration</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d6.htm)[<u>statement, file number 333-164175, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d6.htm)

[<u>(7) Form of specimen Applicant Payment of Premium Benefit Rider, incorporated by reference to the initial registration</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d7.htm)[<u>statement, file number 333-164175, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d7.htm)

[<u>(8) Form of specimen Initial Term Insurance Benefit Rider, incorporated by reference to the initial registration statement, file</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d8.htm)[<u>number 333-164175, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926d8.htm)

[<u>(e) Specimen policy application, incorporated by reference to the initial registration statement, filed with the Commission on</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926e.htm)[<u>January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/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)

[<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)

------

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

[<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)

(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/820299/000119312510000123/dex9926k.htm)[<u>initial registration statement, filed with the Commission on January 4, 2010.</u>](https://www.sec.gov/Archives/edgar/data/820299/000119312510000123/dex9926k.htm)

(l) Not Applicable.

(m) Not Applicable.

[<u>(n) Consent of Independent Registered Public Accounting Firm, filed herewith.</u>](d51037dex9930n.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>](d51037dex9930n1.htm)[<u>herewith.</u>](d51037dex9930n1.htm)

(o) Not Applicable.

------

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

(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/801019/000095013502005585/b44884uaexv99w6.txt)[<u>incorporated by reference to pre-effective amendment number 1, file number 333-100597, filed with the Commission on</u>](https://www.sec.gov/Archives/edgar/data/801019/000095013502005585/b44884uaexv99w6.txt)[<u>December 17, 2002.</u>](https://www.sec.gov/Archives/edgar/data/801019/000095013502005585/b44884uaexv99w6.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/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** |  |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| 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 |
| 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\*\* |  |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| 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\*\* |  |
| 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\*\* |  |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| 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\*\*\* |  |
| 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.

------

![](g419266orgchart_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 V

(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*

------

**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.). The prospectuses involved bear the title "Flex V1," "Flex V2," or "Medallion Variable Life." 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 three 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 three 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 |

---

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

VL 3 FUND M SUPP (4/2026)

------

## 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 |

---

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 |

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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 |

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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 |

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INTERNAL

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---

| | | |
|:---|:---|:---|
|  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 |

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INTERNAL

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---

| | | |
|:---|:---|:---|
|  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. 17 to the Registration Statement (Form N-6, File No. 333-164175) of HANCOCK JOHN VARIABLE LIFE ACCOUNT V (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 V 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

![](g415683imga5c417261.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 V File Nos. 811-5290 and 333-164175

Commissioners:

This opinion is being furnished with respect to the filing of Post-Effective No. 17 under the Securities Act of 1933 (Post-Effective Amendment No. 54 under the Investment Company Act of 1940) on the Form N-6 Registration Statement of John Hancock Variable Life Account V 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

Flex V1

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